Town Hall News

(Reuters) – Russia launched its biggest wave of drone strikes on Ukraine for months on Monday, escalating attacks in the run-up to its May 9 Victory Day holiday celebrating the defeat of Nazi Germany, which Kyiv marked a day earlier in a new break with Moscow. CONFLICT * Kyiv’s mayor said Russia had fired 60 Iranian-made kamikaze drones at Ukrainian targets, including 36 at the capital, all of which had […]

By Luc Cohen and Hannah Lang (Reuters) – Former U.S. President Donald Trump will not testify at a civil trial to challenge claims made by writer E. Jean Carroll that he raped her in the 1990s and later defamed her, after letting a Sunday deadline pass without asking the court to appear. Trump’s attorney Joseph Tacopina told the judge on Thursday that Trump had waived his right to testify in […]

By Foo Yun Chee BRUSSELS (Reuters) – German business software maker SAP and German engineering company Siemens have joined U.S. tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation. The draft […]

(Reuters) – Volkswagen will announce later on Monday the removal of the current leadership at its software unit Cariad, to be taken over by Bentley production chief Peter Bosch, two sources close to the company said on Monday. Volkswagen is preparing an official statement for the afternoon with details of how the software unit, maligned by mismanagement and missed deadlines, will be reshuffled, the sources said, declining to be named. […]

(Reuters) – Tyson Foods Inc trimmed its full-year revenue forecast on Monday, in a sign that price hikes and stubbornly high inflation are discouraging consumers from spending on its products. The U.S. meatpacker now expects fiscal 2023 sales between $53 billion and $54 billion, compared with its previous forecast of $55 billion to $57 billion. (Reporting by Granth Vanaik in Bengaluru; Editing by Shilpi Majumdar) Brought to you by www.srnnews.com

By Luc Cohen and Hannah Lang (Reuters) – Former U.S. President Donald Trump will not testify at a civil trial to challenge claims made by writer E. Jean Carroll that he raped her in the 1990s and later defamed her, after letting a Sunday deadline pass without asking the court to appear. Trump’s attorney Joseph Tacopina told the judge on Thursday that Trump had waived his right to testify in […]

SAO PAULO (Reuters) – Itau Unibanco Holding SA, Brazil’s biggest private bank, reported first-quarter recurring net profit of 8.435 billion reais ($1.7 billion) on Monday, a 14.6% year-on-year rise despite higher provisions for bad loans. The recurring net income figure, which excludes one-off items, was broadly in line with expectations of 8.42 billion reais in a Refinitiv poll of analysts. Itau said in a securities filing the result was driven […]

By Luc Cohen and Jack Queen NEW YORK (Reuters) – A jury in Manhattan federal court is set to hear closing arguments on Monday from lawyers representing Donald Trump and writer E. Jean Carroll in her civil lawsuit accusing the former president of raping her in the 1990s and later defaming her. Trump’s attorney Joseph Tacopina told U.S. District Judge Lewis Kaplan last Thursday that his client waived his right […]

KYIV (Reuters) – Russian shelling damaged electricity distribution networks in five Ukrainian regions overnight, Ukraine’s state grid operator said on Monday. “The night attack by drones did not damage the main energy infrastructure,” Ukrenergo said in a statement. “However, due to Russian shelling along the frontline and border shelling, there is again damage to distribution networks in Donetsk, Kharkiv, Kherson, Sumy and Chernihiv regions.” Ukraine’s energy system has survived months […]