Town Hall News

By Samuel Shen and Xie Yu SHANGHAI/HONG KONG (Reuters) – Smaller consultancy and due-diligence firms in China reckon they stand to gain once business returns to normal after the shock administered by Beijing’s crackdown on firms supplying information deemed too sensitive to be shared with foreigners. The crackdown, which ensnared Shanghai-based market leader Capvision earlier this month, and a sweeping update to anti-espionage legislation that comes into effect from July […]

TAIPEI (Reuters) – Former British prime minister Liz Truss will say in Taiwan on Wednesday that the West must avoid appeasing China and show unwavering support for the self-governed island, in a speech that risks further damaging Britain’s relations with Beijing. Truss is the most well-known British politician to visit Taiwan since former prime minister Margaret Thatcher in the 1990s, and her trip comes at a time when relations between […]

By Gleb Garanich and Sergiy Karazy KYIV (Reuters) -Ukraine said on Tuesday it had shot down six Russian Kinzhal missiles in a single night, thwarting a weapon Moscow has touted as a next-generation hypersonic missile that was all but unstoppable. When asked about the Ukrainian claim, Russian Defence Minister Sergei Shoigu dismissed it, the RIA news agency reported. His ministry said a Kinzhal had destroyed a U.S.-built Patriot surface-to-air missile […]

By Gleb Garanich and Sergiy Karazy KYIV (Reuters) -Ukraine said on Tuesday it had shot down six Russian Kinzhal missiles in a single night, thwarting a weapon Moscow has touted as a next-generation hypersonic missile that was all but unstoppable. When asked about the Ukrainian claim, Russian Defence Minister Sergei Shoigu dismissed it, the RIA news agency reported. His ministry said a Kinzhal had destroyed a U.S.-built Patriot surface-to-air missile […]

TAIPEI (Reuters) -Taiwan’s main opposition Kuomintang (KMT) party will pick New Taipei City mayor Hou Yu-ih to be its presidential candidate at the election early next year, a senior party source told Reuters on Wednesday. The run-up to the vote in mid-January is taking place at a time of increased tensions between Taipei and Beijing, which has staged regular military exercises near Taiwan to assert its sovereignty claims over the […]

By Hyonhee Shin and Ju-min Park SEOUL (Reuters) – Canadian Prime Minister Justin Trudeau said on Wednesday his country is ready to partner with South Korea on critical minerals and clean energy projects, and to fend off North Korea’s nuclear and missile threats. Addressing South Korea’s parliament, Trudeau said Canada was committed to increase military engagement to mitigate threats to regional security, while working together with Seoul to denuclearise North […]

By Katya Golubkova and Sudarshan Varadhan TOKYO (Reuters) -Oil prices were little changed on Wednesday as traders remained cautious after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China. Brent crude futures slipped 3 cents to $74.88 a barrel. U.S. West Texas Intermediate crude edged down 2 cents to $70.84 as of 0222 GMT. “Crude prices […]

By Lewis Jackson and Kirsty Needham SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese said on Wednesday a Quad summit would not go ahead in Sydney next week without U.S. President Joe Biden, who postponed his trip to Australia due to debt ceiling negotiations in Washington. Albanese said the leaders of Australia, the United States, India and Japan would instead meet at the G7 in Japan this weekend, after Biden canceled […]

By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc Chief Executive Elon Musk on Tuesday warned that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk said the Model Y SUV was on track to be the top-selling car globally in 2023, and reaffirmed that Tesla would start […]