Town Hall News

BEIJING (Reuters) – China will extend and optimise a purchase tax exception on new-energy vehicles (NEVs) and study policies to promote NEV development, state media reported on Friday, citing discussions at a cabinet meeting. Separately, the meeting pointed out that the foundation of China’s economic recovery is not yet solid, CCTV reported. (Reporting by Beijing newsroom; editing by Jason Neely) Brought to you by www.srnnews.com

By Daniel Wiessner (Reuters) – The Gap Inc on Thursday beat a shareholder lawsuit claiming the company’s directors breached their duties by making misleading statements in securities filings about the retailer’s commitment to racial diversity in its leadership ranks. An en banc panel of the 9th U.S. Circuit Court of Appeals in a 6-5 ruling said The Gap can enforce a corporate bylaw requiring shareholder derivative litigation to be filed […]

(Reuters) – A group of pro-Ukrainian forces said on Friday they were fighting Russian troops on the outskirts of a village just inside Russia’s western border, a day after Moscow said it had repelled three cross-border attacks. The attacks follow a major incursion into Russia’s western Belgorod region on May 22-23 and an increase in cross-border shelling in recent weeks as Ukraine prepares to launch a big push to recapture […]

By Katie Paul NEW YORK (Reuters) – Meta Platforms CEO Mark Zuckerberg on Thursday revealed the company’s next generation mixed reality headset, the Quest 3, as the company braces for Apple to potentially reshape a nascent market that Meta has dominated so far. Priced starting at $499, the device will be 40% thinner than the company’s previous headset and feature color mixed reality, which combines augmented and virtual reality (AR/VR) […]

WARSAW (Reuters) -Poland’s President Andrzej Duda said on Friday he would propose amendments to a law on undue Russian influence he signed this week, reacting to criticism that it could result in banning opposition politicians from public office. Duda signed earlier this week into law the bill proposed by the ruling party to let a panel investigate whether opposition parties allowed Poland to be unduly influenced by Russia. He said […]

By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Thursday stopped short of approving Deutsche Bank AG’s $75 million settlement with women who said that Jeffrey Epstein abused them, and that the German bank facilitated the late financier’s sex trafficking. At a hearing in Manhattan federal court to consider preliminary approval of the settlement, U.S. District Judge Jed Rakoff said he needed more specifics about who […]

By Brendan Pierson (Reuters) – A federal appeals court, in a decision unsealed Wednesday, upheld the dismissal of a whistleblower lawsuit against Johnson & Johnson as a sanction for the plaintiffs’ misuse of confidential records they obtained through related litigation. The lawsuit, which accused J&J’s DePuy Orthopaedics unit of defrauding the federal government by marketing defective hip implants, was dismissed in December 2021. J&J has denied wrongdoing. U.S. Magistrate Judge […]

(Reuters) – Chemical makers Chemours Co, DuPont de Nemours Inc and Corteva Inc said on Friday that the companies have reached a settlement regarding all PFAS-related drinking water claims in the United States. The companies said they would collectively establish and contribute a total of $1.19 billion to a settlement fund for PFAS, or “forever chemicals”, which have been used for decades in manufacturing nonstick coatings such as Teflon. PFAS […]

KARACHI, Pakistan (Reuters) – Pakistan has passed a special order to allow barter trade with Afghanistan, Iran, and Russia for certain goods, the Ministry of Commerce said on Friday. Pakistan is in the midst of a crippling economic crisis and has foreign exchange reserves to cover just a month of imports. The order, called the Business-to-business (B2B) Barter Trade Mechanism 2023, allows for the import of gas and petrol from […]