Town Hall News

By Laura Matthews and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar rose against a basket of major currencies on Thursday, after recent jobless claims data strengthened the case for the Federal Reserve to halt interest rate hikes, but kept a high bar for a year-end cuts. The number of Americans filing new claims for jobless benefits jumped last week to the highest level since late 2021, suggesting that […]

By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s Supreme Court on Thursday ruled that former Prime Minister Imran Khan’s arrest was illegal, his lawyer said, two days after his detention on graft allegations triggered deadly violence, escalating his tussle with the powerful military. The protests coincide with Pakistan’s worst economic crisis in decades, with record high inflation, anaemic growth and IMF funding delayed for months, prompting concerns that […]

ISLAMABAD (Reuters) – Pakistan’s top court on Thursday ruled that the arrest of former Prime Minister Imran Khan was illegal, his lawyer said, two days after his detention on graft allegations ignited deadly protests and a tussle with the powerful military. “The Supreme Court reversed all legal proceedings against Imran Khan … he has been asked to present himself in the Islamabad High Court on Friday morning,” lawyer Babar Awan […]

By Liliana Salgado and Ted Hesson YUMA, Arizona (Reuters) -In the hours before the U.S. government lifts a COVID-19 immigration restriction called Title 42 on Thursday, migrants gathered on both sides of the U.S.-Mexico border – with some rushing to cross ahead of tough new asylum rules that will replace the order. U.S. Customs and Border Protection (CBP) has in recent days been holding up to 28,000 migrants at its […]

By Rodrigo Campos and David Lawder (Reuters) -Pakistan needs significant additional financing for a successful completion of the long-stalled ninth review of the International Monetary Fund’s bailout package, the IMF said in a scheduled press conference on Thursday. Obtaining commitments of “significant additional financing” is essential before the IMF approves the release of pending bailout funds that are crucial for Pakistan to resolve an acute balance of payments crisis. A […]

By Nate Raymond (Reuters) -The U.S. Supreme Court on Thursday overturned the bribery conviction of Joseph Percoco, an ex-aide to Democratic former New York Governor Andrew Cuomo, in a ruling that further limits the ability of federal prosecutors to pursue corruption cases. The justices ruled 9-0 in favor of Joseph Percoco, Cuomo’s former executive deputy secretary who was charged in 2016 as part of a corruption crackdown by federal prosecutors […]

By Giancarlo Navach MILAN (Reuters) -A van transporting oxygen gas canisters exploded in a Milan street on Thursday, injuring one person and setting nearby cars and motorbikes ablaze, local officials said. The city’s mayor, Giuseppe Sala, ruled out foul play and confirmed that no-one had died in the incident. Sala said the driver of the van had told the fire brigade that the blaze had started in his engine. “He […]

(Reuters) – Mads Pedersen of Trek–Segafredo held his nerve to win stage six of the Giro d’Italia in the final sprint on Thursday after the peloton caught up with a breakaway duo of Simon Clarke and Alessandro De Marchi 300 metres from the finish. After a rain-sodden stage five that was marred by crashes, including one caused by a dog, the 162-km sixth stage in Naples was a far more […]

(Reuters) -Billionaire investor Carl Icahn came under pressure again on Thursday as short seller Hindenburg Research began shorting bonds in Icahn Enterprises LP (IEP) and said Icahn’s firm has failed to address every key issue it had raised. Hindenburg’s latest move comes after IEP reported a surprise loss on Wednesday and said it was contacted by U.S. prosecutors on May 3, a day after Hindenburg accused IEP of over-reporting its […]