Town Hall News

By Stephen Nellis CUPERTINO, California (Reuters) – Apple Inc is expected to unveil a mixed-reality headset at its annual software developer conference on Monday, its first big move into a new product category since the introduction of the Apple Watch nine years ago. The launch will see Apple test a market crowded with devices that have yet to gain traction with consumers and put it in direct competition with Facebook-owner […]

(Reuters) – Wall Street futures were subdued on Monday after a solid rally last week, as investors weighed the possibility of a pause in interest rate hikes by the Federal Reserve at its upcoming policy meeting. U.S. stocks rallied on Friday after a labor market report showing moderating wage growth in May indicated the U.S. central bank may skip a rate hike next week, while investors welcomed a Washington deal […]

By Jatindra Dash KHARAGPUR, India (Reuters) -India’s official investigation into its deadliest rail crash in over two decades began on Monday, after preliminary findings pointed to signal failure as the likely cause for a collision that killed at least 275 people and injured 1,200. The disaster struck on Friday, when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the opposite […]

By Tim Reid (Reuters) – A growing number of contenders for the 2024 Republican presidential nomination could clear the way for a Donald Trump victory while throwing up roadblocks for his main rival Florida Governor Ron DeSantis, party members and strategists said. Republicans who fear Trump is too polarizing a figure to beat Democratic President Joe Biden in 2024 worry that if too many candidates jump into the party’s contest, […]

By Foo Yun Chee BRUSSELS (Reuters) – Companies deploying generative AI tools such as ChatGPT and Bard with the potential to generate disinformation should label such content as part of their efforts to combat fake news, European Commission deputy head Vera Jourova said on Monday. Unveiled late last year, Microsoft-backed OpenAI’s ChatGPT has become the fastest-growing consumer application in history and set off a race among tech companies to bring […]

(Reuters) – The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to alter course with its rate-hiking cycle, CNBC reported on Sunday, citing IMF’s Managing Director Kristalina Georgieva. The lack of a significant slowdown in lending combined with a resilient U.S. jobs report on Friday could lead to further rate hikes, Georgieva told CNBC in an interview. “The […]

By Mrinmay Dey and Scott Murdoch (Reuters) -UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Switzerland’s biggest bank is in advanced discussions to keep dozens of Credit Suisse’s senior dealmakers in countries including […]

By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers (PwC) Australia has named at least 67 current and former staff involved in the leak of confidential government tax plans in an unpublished letter to lawmakers, according to a spokesperson for the firm on Monday. PwC Australia provided a list naming four former partners involved in the leak, as well as a list of 63 current and former staff who received at least one […]

RIYADH (Reuters) – Venezuelan President Nicolas Maduro arrived in Saudi Arabia on Monday, state media reported, as the kingdom continues to expand its diplomatic outreach beyond traditional Western alliances. Maduro was received at the airport of the Saudi Red Sea city of Jeddah by Deputy Governor of Mecca region Prince Badr bin Sultan and other officials, Saudi state news agency SPA said. Venezuela’s Maduro is the latest U.S. foe to […]