Town Hall News

NAIROBI (Reuters) -Anti-graft watchdog Transparency International has withdrawn an award it gave Kenya’s outgoing chief prosecutor, it said on Friday, accusing him of dropping high profile corruption cases. The Kenyan chapter of the global watchdog had awarded Noordin Haji its Integrity Award in 2019, saying he had led his office in prosecuting dozens of corruption cases, which was seen as an historic achievement in a country beset by graft. Haji, […]

SARAJEVO (Reuters) – Croatian police on Friday said a drug and firearm trafficking ring operating across Europe had been broken by a law enforcement operation that arrested 37 people and seized drugs, money and guns in eight countries since last year. In the final phase of the operation, raids on Wednesday in Croatia, Bosnia-Herzegovina, Slovenia, Italy, Belgium and the Netherlands were carried out by police from those countries supported by […]

By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers got a dose of unexpectedly strong economic data on Friday that bolstered the case for further monetary policy tightening to bring down persistently high inflation. Consumer spending surged 0.8% last month from March, the Commerce Department reported. That’s good news as far as showing the economy’s not on the precipice of a recession, but bad news for policymakers looking […]

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union faces a challenge to convince its members to relinquish authority over export controls as it aims to bring in an EU-wide system that would also monitor outbound investment, European Trade Commissioner Valdis Dombrovskis said on Friday. The European Commission intends to present its “Economic Security Strategy” next month, which is expected to contain measures to avoid China and other rivals gaining […]

By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers got a dose of unexpectedly strong economic data on Friday that bolstered the case for further monetary policy tightening to bring down persistently high inflation. Consumer spending surged 0.8% last month from March, the Commerce Department reported. That’s good news as far as showing the economy’s not on the precipice of a recession, but bad news for policymakers looking […]

By Makiko Yamazaki and Daniel Leussink TOKYO (Reuters) – Proxy adviser Glass Lewis has recommended that shareholders of Toyota Motor Corp vote against the re-election of Chairman Akio Toyoda as a board director at an upcoming meeting, citing his responsibility for the lack of a sufficiently independent board. Glass Lewis made the recommendation against the chairman of Japan’s largest company by market capitalisation at a time when board independence has […]

TOKYO (Reuters) -Japanese startup ispace inc’s failed Hakuto-R moon landing mission last month was caused by an altitude miscalculation that meant the spacecraft ran out of fuel, the company said on Friday. Tokyo-based ispace lost connection with the Hakuto-R Mission 1 lander after the spacecraft attempted what would have been the world’s first commercial soft-landing on the moon’s surface. The crash was the latest setback in Japan’s space programme. The […]

SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Friday he had a phone call with Russian counterpart Vladimir Putin and reaffirmed his willingness to establish peace talks with both sides of the war in Ukraine. Lula tweeted he had also thanked Putin for an invitation to attend an economic forum in Saint Petersburg, but had to decline it as he “can’t visit Russia at the moment”. […]

By Makiko Yamazaki and Daniel Leussink TOKYO (Reuters) -Proxy adviser Glass Lewis has recommended that shareholders of Toyota Motor Corp vote against the re-election of Chairman Akio Toyoda as a board director at an upcoming meeting, citing his responsibility for the lack of a sufficiently independent board. Glass Lewis made the recommendation against the chairman of Japan’s largest company by market capitalisation at a time when board independence has been […]