Town Hall News

NEW YORK (Reuters) – Citigroup CEO Jane Fraser said scrapping the sale of its Mexican retail business, known as Banamex, and pursuing an initial public offering was in the best interest of shareholders. “We acted decisively, we acted very swiftly and we said okay, we’re gonna go down the IPO path”, Fraser said in an investor conference in New York. Fraser added that the other Citigroup divestitures are proceeding well, […]

By David Lawder WASHINGTON (Reuters) – The World Bank’s new president Ajay Banga on Friday asked the lender’s 16,000 staff to “double down” on development and climate efforts as he seeks to accelerate the bank’s evolution to tackle the most pressing global problems. On his first day in the job, the former Mastercard CEO told staff in a memo that he would seek to recruit each of them to work […]

WARSAW (Reuters) – A Polish court ruled on Friday that the president was within his rights to pardon a government minister found guilty of abuse of power in a previous post, saving the government from a potentially damaging dismissal in an election year. The ruling comes amid an intensifying conflict over democratic standards in Poland, after President Andrzej Duda signed a law on undue Russian influence that critics said could […]

By Aidan Lewis CAIRO (Reuters) – Aid workers in Sudan say fierce fighting, rampant looting and reams of red tape are hampering efforts to deliver vital humanitarian supplies to the millions of people who now rely on a relief effort since a conflict erupted in mid-April. The United Nations estimates 25 million people, or more than half the population, now need help, up from 16 million before the army and […]

(Reuters) -Illumina Inc on Friday said it had expanded its board, adding two C-suite executives a week after shareholders voted to replace the gene sequencing company’s chairman with activist investor Carl Icahn’s nominee. The San Diego-headquartered company, valued at $31.6 billion, had long planned to increase the size of the board to 11 by adding directors with experience as a healthcare CEO and as a chief financial officer (CFO) with […]

WASHINGTON (Reuters) – The United States does not believe it needs to increase the size of its own nuclear arsenal in order to deter the combined forces of Russia, China and other rivals, White House national security adviser Jake Sullivan said on Friday. He also said the United States would abide by the nuclear weapons limits set in the New START treaty until its 2026 expiration if Russia does the […]

By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc is widely expected to announce a new headset that will blend video of the outside world with the virtual one at its annual software developer conference next week. Apple CEO Tim Cook and Meta Platforms Inc’s CEO, Mark Zuckerberg, are jockeying to define how consumers will put to use a new generation of technology where real and digital worlds converge. Zuckerberg […]

By Patricia Zengerle WASHINGTON (Reuters) – The leaders of the U.S. Congress said on Friday they had invited Indian Prime Minister Narendra Modi to address a joint meeting of the House of Representatives and Senate on June 22, one of the highest honors Washington affords to foreign dignitaries. “During your address, you will have the opportunity to share your vision for India’s future and speak to the global challenges our […]

MEXICO CITY (Reuters) – Human remains discovered in 45 bags in western Mexico appear to resemble the features of several missing call center employees, state prosecutors said in a statement late on Thursday. The Jalisco Prosecutor’s Office said the remains were still subject to forensic tests to formally identify the bodies. “According to preliminary information, the findings…in the Mirador Escondido neighborhood in Zapopan coincided with the physical characteristics of some […]