Town Hall News

By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy. The cut to the lending rate signals possible easing for longer-term rates over the next week and beyond as demand and investor sentiment weaken, adding to the case […]

(Reuters) -The Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City, with Serbian big man Nikola Jokic scoring 28 points and being named the Most Valuable Player of the Finals. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. Once again the Nuggets were […]

By Max Hunder KRYVYI RIH, Ukraine (Reuters) -Russia launched a “massive missile” attack overnight on the central Ukrainian city of Kryvyi Rih, killing at least three people and wounding 25 and damaging civilian infrastructure, Ukrainian officials said early on Tuesday. Rescue operations were underway in a burning five-storey apartment building and in a destroyed warehouse, Serhiy Lysak, governor of the Dnipropetrovsk region where Kryvyi Rih is located said on the […]

(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA * Seeking input on regulations The government is consulting Australia’s main science advisory body and considering next steps, a spokesperson for the industry and science minister said […]

By Brendan O’Brien and Jarrett Renshaw PHILADELPHIA (Reuters) -Human remains were recovered on Monday from a fallen overpass on Interstate 95 in Philadelphia as crews removed concrete debris from the site of a fiery weekend highway collapse that closed a stretch of one of the busiest traffic corridors along the U.S. East Coast. The section of I-95 was shut down in both directions after a tanker truck hauling gasoline caught […]

A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a cut to the one-year medium-term lending facility rate on Thursday, when the PBOC is widely […]

By Brendan O’Brien and Jarrett Renshaw PHILADELPHIA (Reuters) -Human remains were recovered on Monday from a fallen overpass on Interstate 95 in Philadelphia as crews removed concrete debris from the site of a fiery weekend highway collapse that closed a stretch of one of the busiest traffic corridors along the U.S. East Coast. The section of I-95 was shut down in both directions after a tanker truck hauling gasoline caught […]

By Daniel Leussink TOKYO (Reuters) -Toyota Motor said it will introduce high-performance, solid-state batteries and other technologies to improve the range and performance and to cut costs of its electric vehicles. The Japanese carmaker said it aims to launch next-generation batteries from 2026, seeking to win over consumers with vehicles that offer longer driving ranges and quicker charging times. It also said it was developing a method to mass produce […]

By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains. The EU agreed in December a new rule to prevent companies from selling into its market coffee, beef, soy, rubber, palm oil and other commodities linked to deforestation. […]