Town Hall News

By Cecile Mantovani and Denis Balibouse BRIENZ, Switzerland (Reuters) – Swiss authorities have ordered residents to abandon a tiny mountain village in the eastern canton of Graubunden because of fears it could soon be buried beneath a collapsing mountainside. A thick coat of fog covered the mountaintop overlooking the village of Brienz on Thursday, where vegetation has been replaced by a slope of mud and rocks. Farm workers could be […]

(Reuters) – Shares of Beyond Meat tumbled 18% to new lows on Thursday after the plant-based substitute meat seller said it would sell up to $200 million worth of new shares as it faces a shrinking cash pile.  Last trading at $10.26, Beyond Meat’s stock has slumped from highs of over $239 in the months following its July 2019 initial public offer, among Wall Street’s hottest listings that year. The […]

QUITO (Reuters) – Ecuadorean President Guillermo Lasso, facing a fresh push to oust him from power, announced on Thursday a proposal to cut tax for middle-income earners and small businesses, but the bill faces long odds due to deepening political instability. The proposal from the conservative former banker was sent to Congress, where he lacks majority support, using a fast track procedure that could see lawmakers vote on it within […]

By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines must offer its pilots higher pay than Delta Air Lines did to win a new contract, United’s pilot union head Garth Thompson said. In an interview, Thompson told Reuters the Chicago-based carrier has only been willing to match Delta’s pay. United’s pilot contract came up for renewal in 2019 and negotiations have been under way for five years. Delta’s landmark pilot contract […]

(Reuters) -Twitter CEO Elon Musk said on Thursday that he has found a new chief executive for the social media platform and that she will be starting in about 6 weeks. “My role will transition to being exec chair & CTO, overseeing product, software & sysops,” Musk said in a tweet. Musk said in November he expected to reduce his time at Twitter and eventually find a new leader to […]

(Reuters) – Twitter CEO Elon Musk said on Thursday that he has found a new chief executive for the social media platform and that she will be starting in about 6 weeks. Musk said in November he expected to reduce his time at Twitter and eventually find a new leader to run the social media company. The move is likely to allay Tesla investors’ concerns, who have been increasingly worried […]

By Ahmed Aboulenein WASHINGTON (Reuters) – Leaders of major insulin makers and pharmacy benefit managers (PBMs) traded blame for the life-saving drug’s high price on Wednesday while testifying at a U.S. Senate committee hearing on making it more affordable. PBMs negotiate with drugmakers for rebates and lower fees on behalf of employers and other clients, and reimburse pharmacies for prescriptions they dispense. Both sides blame each other for high drug […]

By Carien du Plessis , Nellie Peyton and Bhargav Acharya JOHANNESBURG (Reuters) -The United States envoy to South Africa said on Thursday he was confident that a Russian ship had picked up weapons in South Africa last year, in a possible breach of Pretoria’s declared neutrality in the Ukraine conflict. The rand and South Africa’s 2030 government bond extended losses after the U.S. assertion as currency traders said they were […]

By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives committee on China’s Communist Party and other lawmakers on Thursday raised “deep concern” and sought answers over reports Chinese-owned short video app TikTok censored an account that posted content from a film about pro-democracy Hong Kong tycoon Jimmy Lai. Representative Mike Gallagher and 12 other Republican lawmakers said in a letter to TikTok CEO Show Zi Chew […]