Town Hall News

By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant Huawei, some Chinese firms began setting up headquarters overseas – moves that could help them […]

By Guy Faulconbridge and Pavel Polityuk MOSCOW/KYIV (Reuters) – Ukrainian drones struck wealthy districts of Moscow on Tuesday, Russia said in what one politician called the most dangerous attack on the capital since World War Two, while Kyiv was also hit from the air for the third time in 24 hours. Since Russia sent tens of thousands of troops into its neighbour in February 2022, the war has largely been […]

By David Shepardson WASHINGTON (Reuters) – The White House said on Tuesday that President Joe Biden is withdrawing the nomination of the acting head of the National Highway Traffic Safety Administration (NHTSA) to take the top job on a permanent basis. The White House gave no reason for the move and declined to comment. Ann Carlson, the agency’s chief counsel, was named acting head of NHTSA in September and formally […]

By David Shepardson WASHINGTON (Reuters) – The White House said on Tuesday that President Joe Biden is withdrawing the nomination of the acting head of the National Highway Traffic Safety Administration (NHTSA) to take the top job on a permanent basis. The White House gave no reason for the move and declined to comment. Ann Carlson, the agency’s chief counsel, was named acting head of NHTSA in September and formally […]

By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton will meet OpenAI CEO Sam Altman in San Francisco next month to discuss how the company will implement the bloc’s world-leading rules on artificial intelligence (AI), EU officials said on Tuesday. Breton will also discuss an AI pact with Altman with the goal of getting OpenAI to join a group of European and non-European companies to apply the […]

By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) – Jensen Huang, the chief of chipmaker Nvidia Corp, has joined an elite list of tech executives to head a company worth $1 trillion. Even more unusual is that Huang, 60, is only the second U.S. CEO after Amazon.com Inc’s Jeff Bezos, who helmed the retailer until 2021, to hit such a milestone for a company they co-founded. Nvidia shares have […]

By Svea Herbst-Bayliss NEW YORK (Reuters) – Illumina Inc CEO Francis deSouza survived a challenge to his board seat from activist investor Carl Icahn last week by securing more than twice the shareholder votes than the number his challenger received, the company said in a filing on Tuesday. While the outcome of the vote was known, the tally had not been previously disclosed. It gives deSouza legitimacy to carry on […]

NEW YORK (Reuters) – Kroll Bond Rating Agency (KBRA) said on Tuesday it remained confident about its top AAA rating for the U.S. government as a debt ceiling deal appeared within reach and because political wrangling did not affect the country’s ability to pay its debts. “In KBRA’s view, the debt ceiling brinkmanship and the questions it may have raised regarding ‘willingness’ to pay, does not confound the facts about […]

SEOUL/TOKYO (Reuters) -North Korea launched what it called a space satellite toward the south on Wednesday, South Korea’s military said, prompting emergency alerts and evacuation warnings in parts of South Korea and Japan. Air raid sirens wailed across the South Korean capital of Seoul around 6:32 a.m. (2132 GMT Tuesday) as the city issued a warning asking citizens to prepare for potential evacuation. The Japanese government issued an emergency warning […]