Town Hall News

By Mike Scarcella (Reuters) – Healthcare company Abbott Laboratories on Tuesday sued one of its former scientists, accusing him in U.S. court of “secretly downloading” sensitive corporate files containing competitive information about nutrition products. The lawsuit in Chicago federal court alleged Roger Tyre committed “flagrant misconduct” prior to leaving Illinois-based Abbott, which sells the Ensure brand nutrition powders and shakes. Abbott said it learned of the alleged downloads of thousands […]

By Emma-Victoria Farr FRANKFURT (Reuters) – Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million. The fifth generation family-owned business, which specialises in electronics, would become a publicly-listed company on the New York Stock Exchange in the fourth quarter of this year. The transaction will […]

By Toby Sterling AMSTERDAM (Reuters) – A Dutch law giving the government power to review foreign technology investments and block takeovers on national security grounds is set to go into effect this week, the government said on Wednesday. Economic Affairs Minister Micky Adriaansens, who will oversee the new Investment Review Office, said in a statement she has also opened a portal for Dutch companies to learn what foreign firms they […]

By Orhan Coskun ANKARA (Reuters) – Turkish President Tayyip Erdogan is viewed as almost certain to include former economy chief Mehmet Simsek in his new cabinet, either as finance minister or as a vice president responsible for the economy, four senior officials said. Simsek was highly regarded by financial markets when he served as finance minister and deputy prime minister between 2009 and 2018. A key role for him now […]

By Chibuike Oguh NEW YORK (Reuters) – Global equities and U.S. Treasury yields were lower on Wednesday as bearish sentiment dominated markets, with investors focused on a much-anticipated vote in Congress on raising the U.S. debt ceiling. The U.S. House of Representatives is set to vote on Wednesday on a bipartisan deal that would lift the $31.4 trillion ceiling and allow the government to avert a default. The bill faces […]

BOGOTA (Reuters) – Brazilian digital bank Nubank, Latin America’s biggest fintech company, will invest up to a further 700 billion pesos ($159 million) in its Colombian operations by 2025, its financial director for Colombia said on Wednesday. The additional sum, from the bank’s own resources, will raise its investments in its third largest market behind Brazil and Mexico to 2 trillion pesos. “We’re going through the investment curve that any […]

By Joey Roulette and Steve Gorman WASHINGTON (Reuters) -The first public meeting of a NASA panel studying what the government calls “unidentified aerial phenomena,” commonly known as UFOs, kicked off on Wednesday to discuss findings since its formation last year. The 16-member body, assembling experts from fields ranging from physics to astrobiology, was formed last June to examine unclassified UFO sightings, which it refers to as UAPs, and other data […]

By Joey Roulette and Steve Gorman WASHINGTON (Reuters) -The first public meeting of a NASA panel studying what the government calls “unidentified aerial phenomena,” commonly known as UFOs, kicked off on Wednesday to discuss findings since its formation last year. The 16-member body, assembling experts from fields ranging from physics to astrobiology, was formed last June to examine unclassified UFO sightings, which it refers to as UAPs, and other data […]

By Eric Martyn HALIFAX, Nova Scotia (Reuters) – Canadian fire officials warned on Wednesday gusty winds and low humidity could fuel a raging wildfire in Halifax that has forced thousands to evacuate while causing poor air quality hundreds of miles away in the U.S. The blaze, dubbed the Tantallon Fire, in the eastern Canadian city of Halifax, grew by 49 hectares (121 acres) to 837 hectares (2,068 acres) since Tuesday, […]