Town Hall News

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Tesla Inc is “serious” about its plans to establish a manufacturing base in India, the country’s deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery […]

HIROSHIMA, Japan (Reuters) – Leaders of the world richest democracies agreed on Friday to stiffen sanctions against Russia and pledged financial support for Ukraine in its fight against Russia’s invasion. Below are key extracts from the Group of Seven leaders’ statement. NEW SANCTIONS “we will broaden our actions to ensure that exports of all items critical to Russia’s aggression including those used by Russia on the battlefield are restricted across […]

(Reuters) – Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp’s Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of Google-parent Alphabet Inc gained more than 1% in premarket trading. Microsoft shares were down about 1%. Samsung has suspended an internal review that explored replacing Google with Bing on its web-browsing app, […]

(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the Russia, are likely to prompt concerns that Russian companies and institutions are snapping up prize assets […]

(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the Russia, are likely to prompt concerns that Russian companies and institutions are snapping up prize assets […]

By Bianca Flowers and Aishwarya Nair (Reuters) -Deere & Co on Friday reported a rise in second-quarter profit on strong sales for its tractors and precision agriculture equipment, and raised its 2023 net income forecast for the rest of the year as its order books remain robust. Shares in the world’s largest farm equipment maker were up 4% in premarket trading after the company reported a 36% rise in quarterly […]

BEIJING (Reuters) – China will allow travel agencies to resume organising group tours for Taiwan residents to visit the mainland from Friday, said Ma Xiaoguang, a spokesperson at China’s Taiwan Affairs Office of the State Council. In a statement, Taiwan’s Mainland Affairs Council said it welcomed the decision and that the two sides must communicate and make arrangements to ensure tourism quality. The Council also urged Beijing to lift a […]

A look at the day ahead in U.S. and global markets from Yoruk Bahceli. Markets are heading into the weekend basking in optimism that a debt ceiling deal to avert a catastrophic U.S. Treasury default will be struck soon. All eyes are on Sunday, when President Joe Biden holds a press conference. His team have reported progress in talks and House Speaker Kevin McCarthy has said a deal is “doable” […]

A look at the day ahead in U.S. and global markets from Yoruk Bahceli. Markets are heading into the weekend basking in optimism that a debt ceiling deal to avert a catastrophic U.S. Treasury default will be struck soon. All eyes are on Sunday, when President Joe Biden holds a press conference. His team have reported progress in talks and House Speaker Kevin McCarthy has said a deal is “doable” […]