Town Hall News

Indian Businesses Invest Billions in GCC Experts disagree on the extent to which the Indian investments benefit the local economies By Hudhaifa Ebrahim/The Media Line Indian companies have become dominant in several industries throughout the Gulf Cooperation Council (GCC). According to the GCC Statistical Center, success in fields such as retail, medicine, technology, education, contracting, and tourism has allowed Indians living in the GCC to send $89 billion back to […]

KHARTOUM (Reuters) – Sudan’s warring factions early on Friday committed to protect civilians and the movement of humanitarian aid, but did not agree to a ceasefire and remain far apart, U.S. officials said. After a week of talks in the Saudi port of Jeddah, Sudan’s army and rival paramilitary Rapid Support Forces (RSF) signed a declaration that they would work towards a short-term ceasefire in further talks, they said. “The […]

By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional banks after posting a drop in deposits. Lifting the Nasdaq, shares of Alphabet Inc rose 4.3%, a day after Google rolled out more artificial intelligence products to take on competition from Microsoft Corp. Microsoft shares eased 0.7% […]

By Chavi Mehta and Sheila Dang (Reuters) -Elon Musk said on Thursday he has found a new chief executive for Twitter without naming the person and that he will transition to the role of chief technology officer of the social media platform within the next few weeks. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!,” Musk said in a tweet. […]

By Nivedita Bhattacharjee BENGALURU (Reuters) -Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the next decade – an effort boosted by the personal support of Prime Minister Narendra Modi. In the year after the country opened the way for private launches in 2020, the number of space startups more than doubled, from 21 to 47. […]

By Michael Erman and Bhanvi Satija NEW YORK (Reuters) -Pfizer Inc Chief Executive Albert Bourla called U.S. plans to negotiate drug prices for its Medicare health program “negotiation with a gun to your head” and said he expects drugmakers to sue in an attempt to halt the process. “It is not negotiation at all. It is price setting,” Bourla said at a Reuters newsmaker event on Thursday, referring to the […]

(Reuters) -Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth in both health and protection sales,” as consumers prioritized health and financial security. Sun Life has focused on expanding overseas as it faces limited growth at home, acquiring Denta Quest […]

By Jarrett Renshaw and Jeff Mason WASHINGTON (Reuters) -A debt limit meeting between U.S. President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed, and the leaders agreed to meet early next week, a White House spokesperson said on Thursday. Aides from both sides have started to discuss ways to limit federal spending, as talks on raising the government’s $31.4 trillion debt ceiling to avoid […]

(Reuters) -Pratt & Whitney opposed India’s Go Airlines’ push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed. The airline, widely known as Go First, approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time. The low-cost carrier, which filed for bankruptcy earlier this […]