Town Hall News

LONDON (Reuters) – Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world’s greatest challenge to security and prosperity, the government told its departments last year to stop installing Chinese-linked surveillance cameras at sensitive buildings. In an announcement setting out […]

By Selena Li BEIJING (Reuters) -Citigroup’s CEO Jane Fraser said the bank will continue to expand its business in China during her first visit to the country this week as the U.S. firm’s chief, amid Beijing’s push to attract more foreign capital. Fraser held a meeting with the head of China’s new financial regulator on Monday, the National Financial Regulatory Administration (NFRA) said in a statement on Wednesday. Fraser and […]

AMSTERDAM (Reuters) – Dutch energy company Eneco said on Wednesday it would build a 50 megawatt (MW) battery energy storage project in Belgium using Tesla battery packs, its largest such project to date. The project in Ville-sur-Haine will consist of 53 “Megapack” battery units from Tesla, able to deliver power for 4 hours or 200 megawatt-hours in all. Such storage projects are expected to become increasingly important in coming years […]

(Reuters) – Bryson DeChambeau, the former U.S. Open champion who was one of the first big names to sign up for LIV Golf, said he felt “bad” for the players who stayed loyal to the PGA Tour after the bombshell merger was announced on Tuesday. The sporting world was left stunned when the PGA Tour, DP World Tour and rival Saudi-backed LIV circuit ended their bitter two-year dispute and announced […]

(Reuters) – Bryson DeChambeau, the former U.S. Open champion who was one of the first big names to sign up for LIV Golf, said he felt “bad” for the players who stayed loyal to the PGA Tour after the bombshell merger was announced on Tuesday. The sporting world was left stunned when the PGA Tour, DP World Tour and rival Saudi-backed LIV circuit ended their bitter two-year dispute and announced […]

By Blake Brittain (Reuters) -Realtek Semiconductor Corp sued rival Taiwanese chipmaker MediaTek Inc in Northern California federal court on Tuesday, claiming MediaTek paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits in the United States to disrupt its business. The lawsuit accuses MediaTek of conspiring with IPValue Management Inc in an effort to drive Realtek out of the market and monopolize the industry for […]

By Leigh Thomas PARIS (Reuters) -Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said on Wednesday, nudging up its 2023 economic outlook. The world economy is set to grow 2.7% this year, the Organisation for Economic Cooperation and Development (OECD) said, up from its previous forecast of […]

HONG KONG/LONDON (Reuters) -Vodafone and CK Hutchison are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or early next week, three sources have told Reuters. The structure of the agreed deal is in line with Vodafone’s announcement in October, with the British group owning 51% and Hutchison owning 49%, achieved by adjusting the ownership of debt rather than […]

By Aditi Shah, Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) – The diversion of a U.S.-built Air India jetliner to Russia with engine problems has thrust industry tensions surrounding Russian airspace into the spotlight – just a day after the head of a major American carrier predicted an almost identical scenario. A global industry meeting ended on Tuesday with carriers at odds over the use of Russia as a pivotal […]