Town Hall News

By Chayut Setboonsarng and Panu Wongcha-um BANGKOK (Reuters) -Thailand’s two main opposition parties agreed on Monday to form a ruling coalition after they trounced in a weekend election military-backed rivals that have controlled government for nearly a decade. The Move Forward party and opposition heavyweight Pheu Thai dominated Sunday’s ballot in a stunning rout of army-backed parties, but they could face challenges in mustering enough support, with parliamentary rules drafted […]

By Dan Peleschuk KYIV (Reuters) -Ukraine’s military on Monday hailed recent advances around Bakhmut as its first successful counterattack in the battle against Russian forces fighting for control of the eastern city. But Kyiv also said the situation in Bakhmut was difficult. It cautioned that Moscow had not changed its goal of capturing the city and was sending assault troops to Bakhmut’s outskirts. The Ukrainian military said last week it […]

By Huseyin Hayatsever and Jonathan Spicer ANKARA (Reuters) – President Tayyip Erdogan’s opponents face an uphill struggle to end his two-decade rule of Turkey in a runoff vote on May 28 after he performed better than predicted in a first round of voting on Sunday but fell short of an outright majority.   Turks woke on Monday to see support for Erdogan just below the 50% threshold needed to avoid […]

CEBU, Philippines (Reuters) – The Philippine central bank has no reason to raise interest rates further as domestic inflation is easing, the country’s finance minister said ahead of a May 18 monetary policy meeting. Finance Secretary Benjamin Diokno reiterated his stance against a rate hike, but said he was just expressing his opinion and was only one of seven monetary board members who will vote during Thursday’s meeting. “I’m for […]

By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others. As automakers pivot to electric vehicles with more driver assistance functions, they are revamping the electronics to eliminate dozens of cables that crisscross the car linking up over 100 […]

By Sachin Ravikumar and Kylie MacLellan LONDON (Reuters) -Ukrainian President Volodymyr Zelenskiy will meet Prime Minister Rishi Sunak in Britain on Monday as part of a tour of several key European allies ahead of an expected major Ukrainian counter-offensive against Russian forces. Last week Britain became the first country to start supplying Ukraine with long-range cruise missiles, which will allow its forces to hit Russian troops and supply dumps deep […]

(Reuters) -Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. Vice said that the lender consortium, which includes Fortress Investment Group, Soros Fund Management and Monroe Capital, will provide about $225 million in the form of a credit bid for substantially all of the company’s […]

By Florence Tan and Mohi Narayan (Reuters) -Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offset bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 26 cents, or 0.35%, to $73.91 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude was at $69.34 a […]

By Sachin Ravikumar and Kylie MacLellan LONDON (Reuters) -Ukrainian President Volodymyr Zelenskiy will meet Prime Minister Rishi Sunak in Britain on Monday as part of a tour of several key European allies ahead of an expected major Ukrainian counter-offensive against Russian forces. Last week Britain became the first country to start supplying Ukraine with long-range cruise missiles, which will allow its forces to hit Russian troops and supply dumps deep […]