Town Hall News

By Yuka Obayashi TOKYO (Reuters) -Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns over the risk of a U.S. debt default capped gains. Brent crude futures rose 28 cents, or 0.37%, to $76.27 a barrel by 0320 GMT while U.S. West Texas Intermediate (WTI) crude was at $72.36 a […]

(Corrects location of Garcia’s comments to Taiwan, not Mexico, in paragraph 3) MEXICO CITY (Reuters) -Taiwan-based electronics manufacturer Quanta Computer will invest $1 billion in the northern Mexican state of Nuevo Leon, the company and state government said Monday. Nuevo Leon Governor Samuel Garcia first announced the investment in a video shared to Twitter, adding that it would lead to the creation of 2,500 jobs. Speaking from Quanta Computer’s offices […]

(Reuters) -Qantas Airways Ltd forecast a record annual profit on Tuesday and increased its share buyback by up to A$100 million ($67.83 million), underpinned by improved travel demand and a moderation in fuel oil prices. Australia’s flagship carrier expects an underlying profit before tax of A$2.43 billion to A$2.48 billion for fiscal 2023, slightly higher than a Refinitiv estimate of A$2.40 billion. The forecast profit is nearly A$850 million higher […]

By Kirsty Needham SYDNEY (Reuters) – Papua New Guinea (PNG) will not be used as a base for “war to be launched”, and a defence agreement with the United States prohibited “offensive military operations”, its prime minister said on Tuesday. U.S. Secretary of State Antony Blinken said on Monday a defence cooperation deal signed with PNG earlier that day would expand the Pacific island nation’s capabilities and make it easier […]

By David Morgan and Nandita Bose WASHINGTON (Reuters) -President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government’s $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the U.S. economy, but vowed to keep talking. The Democratic president and the top congressional Republican have struggled to make a deal, as McCarthy pressures the […]

(Reuters) – The lights on Rio de Janeiro’s iconic statue of Christ the Redeemer were switched off for an hour on Monday night in a display of solidarity with Vinicius Jr after the Brazil forward was racially abused during a club match in Spain. The lights were turned off at 1800 local time to cap a day when the Brazilian government and the world of football united to condemn the […]

(Reuters) – National Football League (NFL) teams will be allowed to have a third active quarterback on game day in case of emergency after the league owners approved a bylaw proposal at the Spring League Meeting on Monday, NFL Network reported. The NFL cited “integrity of the game” as the main reason for the rule change, which follows the San Francisco 49ers’ debacle in January’s NFC championship game, where they […]

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it fined LATAM Airlines Group SA $1 million after the airline and affiliates routinely failed to provide timely refunds to passengers for U.S. flights. The department said since March 2020, it received more than 750 complaints alleging LATAM, the biggest carrier in Latin America, failed to provide timely refunds after cancelling flights to or from the United […]

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it had fined LATAM Airlines Group SA $1 million after the airline and several affiliates routinely failed to provide timely refunds to passengers for U.S. flights. The department said since March 1, 2020, it received over 750 complaints alleging LATAM, the biggest carrier in Latin America, failed to provide timely refunds after cancelling flights to or from […]