Town Hall News

FRANKFURT (Reuters) -Germany’s Allianz on Friday posted a big rise in first-quarter net profit, rebounding after taking charges a year ago for a U.S. funds scandal. The quarterly jump in profit of 329% fell short of analyst expectations, however, and was damped in part by weakness in Allianz’s asset management division, which saw lower revenues and operating profit. For the group as a whole, net profit attributable to shareholders was […]

WASHINGTON (Reuters) -Dutch medical device maker Philips will pay $62 million (56 million euros) to resolve charges it violated the Foreign Corrupt Practices Act over its conduct related to sales of medical equipment to China, the U.S. Securities and Exchange Commission said on Thursday. Philips said the settlement related to allegations of “irregularities in the medical device industry” in China between 2014 and 2019, for which it took a provision […]

By Daniel Becerril and Ted Hesson MATAMOROS, Mexico (Reuters) -The U.S. on Friday ended COVID-19 border restrictions that blocked many migrants at the border with Mexico, immediately replacing the so-called Title 42 order with a sweeping new asylum regulation meant to deter illegal crossings. But several last-minute court actions added confusion to how the new border policies will play out in coming days. Just before Title 42 was set to […]

By Daniel Becerril and Ted Hesson MATAMOROS, Mexico (Reuters) -The U.S. on Friday ended COVID-19 border restrictions that blocked many migrants at the border with Mexico, immediately replacing the so-called Title 42 order with a sweeping new asylum regulation meant to deter illegal crossings. But several last-minute court actions added confusion to how the new border policies will play out in coming days. Just before Title 42 was set to […]

By Shivani Tanna and Shubham Kalia (Reuters) -Tesla Inc increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices were still considerably lower than at the beginning of the year. The company raised the prices for all variants of its higher-priced Model S and X vehicles by $1,000, while prices of all Model Y variants increased by $250, its […]

FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially in the case of the worst performers, the European Court of Auditors (ECA) said on Friday in a report that highlighted a number of shortcomings. The ECB supervises just over a hundred of the euro zone’s biggest banks and has long complained that lenders are not taking the risk of […]

By Daniel Becerril and Ted Hesson MATAMOROS, Mexico (Reuters) -The U.S. on Friday ended COVID-19 border restrictions that blocked many migrants at the border with Mexico, immediately replacing the so-called Title 42 order with a sweeping new asylum regulation meant to deter illegal crossings. But several last-minute court actions added confusion to how the new border policies will play out in coming days. Just before Title 42 was set to […]

By Mike Scarcella and Jahnavi Nidumolu NEW YORK/BENGALURU (Reuters) -Pratt & Whitney on Thursday opposed Go Airlines (India) Ltd’s push to enforce an arbitration ruling in an engine dispute, with the U.S. company arguing in a Delaware court that the Indian airline’s bankruptcy filing has raised risks for it. The Indian airline, widely known as Go First, approached the Delaware court to enforce an arbitration order in Singapore against Pratt […]

TOKYO (Reuters) – Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan because of setting errors in the cloud environment, for about a decade from November 2013 to April 2023. Leaked details could have included identification numbers for vehicle devices and the location of vehicles, but there have been no reports of malicious use, the company said. (Reporting by […]