Town Hall News

TOKYO (Reuters) – The Group of Seven (G7) rich nations is set to agree on establishing a new program to distribute vaccines to developing countries at next week’s summit of leaders, Japan’s Yomiuri newspaper said on Saturday. In addition to the G7, G20 nations such as India and international groups such as the World Health Organization (WHO) and the World Bank will participate, it added, citing Japanese government sources. During […]

NEW YORK (Reuters) – The Miami Heat became the first eighth seed in nearly a quarter century to reach the conference finals on Friday, downing the New York Knicks 96-92 in Game 6 of their series to advance. Six-time All-Star Jimmy Butler put up 24 points with eight rebounds and four assists to steer the Heat past a Knicks team that was desperate to stay alive in front of a […]

By Christian Kraemer and Leika Kihara NIIGATA, Japan (Reuters) – Finance leaders of the Group of Seven (G7) rich nations are expected to warn of more global economic uncertainty as they wrap up a three-day meet on Saturday overshadowed by a U.S. debt ceiling stalemate and fallout from Russia’s invasion of Ukraine. The gathering in the Japanese city of Niigata came as worries over a U.S. default fuelled uncertainty over […]

By Christian Kraemer and Leika Kihara NIIGATA, Japan (Reuters) – Finance leaders of the Group of Seven (G7) rich nations are expected to warn of more global economic uncertainty as they wrap up a three-day meet on Saturday overshadowed by a U.S. debt ceiling stalemate and fallout from Russia’s invasion of Ukraine. The gathering in the Japanese city of Niigata came as worries over a U.S. default fuelled uncertainty over […]

By Joe Cash BEIJING (Reuters) -Australia’s Minister for Trade and Tourism Don Farrell said on Friday he was “pleased” with his talks with his Chinese counterpart in Beijing on removing trade barriers, but added that his visit was “just another step” in stabilising ties. Farrell’s visit to the Chinese capital, the first by an Australian trade minister since 2019, followed an easing of diplomatic tensions with the election of a […]

SHANGHAI (Reuters) – Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry. The company, one of China’s best-selling domestic smartphone brands, said it will cease operations of its Zeku unit, which it set up in 2019. Its products include the MariSilicon X chip, which is a neural processing unit (NPU) that improves images for video and […]

SHANGHAI (Reuters) – Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry. The company, one of China’s best-selling domestic smartphone brands, said it will cease operations of its Zeku unit, which it set up in 2019. Its products include the MariSilicon X chip, which is a neural processing unit (NPU) that improves images for video and […]

PALO ALTO, Calif. – Federal Reserve Governor Philip Jefferson said on Friday he is just as serious about the central bank’s goal of full employment as about its mandate for stable prices, but emphasized that bringing high inflation down is critical. “I care very much about how the labor market performs because for most people in the U.S. economy, their standing in the labor market will very much determine their […]

(Reuters) -Finance leaders of the Group of Seven (G7) advanced economies set a year-end deadline for launching a new scheme to diversify global supply chains, and vowed to address regulatory gaps in the banking system, according to a final draft of their communique seen by Reuters. In the draft communique, the G7 central banks said they remained “strongly committed” to achieving price stability and ensuring inflation expectations stayed well-anchored. “The […]