Town Hall News

By David Shepardson WASHINGTON (Reuters) -The Transportation Security Administration screened 2.658 million passengers on Thursday, the highest number since the beginning of the COVID-19 pandemic, as U.S. holiday travel got off to a smooth start. “So far so good,” Transportation Secretary Pete Buttigieg told CNBC on Friday. Despite the record travel Thursday “the system held up quite well,” Buttigieg added noting less than 1% of flights were canceled Thursday. 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 reiterated his country’s willingness to talk to both sides of the war in Ukraine seeking peace. 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 […]

By John Revill ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank.  Singapore’s International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili safe, in […]

By Alan Baldwin MONACO (Reuters) -Ferrari’s Carlos Sainz lapped fastest in a twice red-flagged first practice for the Monaco Formula One Grand Prix on Friday with Aston Martin’s Fernando Alonso slotting into second on the timesheets. Seven-times world champion Lewis Hamilton set the third quickest lap, in a new-look Mercedes with significant upgrades to the sidepods and suspension, with last year’s winner Sergio Perez fourth for Red Bull. Perez had […]

(Reuters) – Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a big surge in revenue from the AI boom, days after larger peer Nvidia Corp signaled the huge potential for the technology. The gains were set to add nearly $10 billion to Marvell’s market value as investors chase exposure to AI to counter weakness in many technology companies’ traditional services and […]

By Francesco Canepa and Tom Sims FRANKFURT (Reuters) – As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two sources familiar with the situation said. Deutsche swapped billions of euros in securities for cash and government bonds, the sources told Reuters, which count towards its liquidity coverage ratio […]

BRUSSELS (Reuters) – An overnight direct train service connecting Brussels and Berlin was launched this week by Dutch-Belgian railway firm European Sleeper reflecting a push in Europe to bolster less polluting alternatives to air travel. The European Commission has voiced support for establishing new rail services to improve cross-border connections in the bloc. The European Sleeper also plans a night service train from Amsterdam to Barcelona, due to start up […]

By Viktoria Lakezina STEPOVA DOLYNA, Ukraine (Reuters) – Hanna Plishchynska, a pensioner, has been using a metal detector to comb her fields for mines and war detritus in the ruins of her village in southwesten Ukraine, so she can put her cow out to pasture and plant vegetables. The 67-year-old returned several weeks ago to her home in Stepova Dolyna, a rural community of 150 people in Mykolaiv region that […]

By Maya Gebeily and Laila Bassam BEIRUT (Reuters) – Once celebrated as a financial wizard, Lebanese central bank governor Riad Salameh is spending his final weeks in office a wanted man, faced with French and German arrest warrants that have been prompted by long-running corruption probes. The warrants are the latest twist in cross-border investigations into whether Salameh, the governor for three decades whose term ends in July, abused his […]