Town Hall News

By Dietrich Knauth and Tom Hals (Reuters) -SVB Financial Group and the federal regulator that closed its Silicon Valley Bank unit indicated at a bankruptcy court hearing on Tuesday that a fight is looming over $2 billion of the former parent company’s cash that was seized along with the lender. SVB Financial, which filed for bankruptcy on Friday, had said in court papers the U.S. Federal Deposit Insurance Corporation took […]

CAIRO (Reuters) – Algeria’s relations with Morocco have reached the point of no return, Algerian President Abdelmadjid Tebboune told Al Jazeera on Tuesday. Algeria broke off relations with Morocco in 2021 amid growing tensions over issues that included the dispute over the territory of Western Sahara. (Reporting by Omar Abdel-Razak in Cairo; writing by Angus McDowall; editing by Chris Reese) Brought to you by www.srnnews.com

(Corrects number of students to 420,000 from 565,000, paragraph 2) (Reuters) -The second largest school district in the United States canceled classes on Tuesday for what could be a three-day strike by 30,000 Los Angeles education support staff who are backed by a teachers’ union that refuses to cross their picket line. The strike in the Los Angeles Unified School District will disrupt education, meals, counseling and other social services […]

ATHENS (Reuters) – Greece will hold general elections in May, Prime Minister Kyriakos Mitsotakis said in a television interview on Tuesday. The conservative government’s four-year term expires in July, and Mitsotakis was widely expected to call an election in early April. Opinion polls show his New Democracy party’s lead over the leftist opposition Syriza party shrinking following Greece’s worst rail disaster on Feb. 28. The accident, during which a passenger […]

(Reuters) – Classes were canceled for nearly half a million students across Los Angeles on Tuesday after education support staff launched a three-day strike backed by a teachers’ union that refused to cross their picket line. Members of the Service Employees International Union Local 99, which represents school bus drivers, custodians, cafeteria workers and classroom assistants, formed picket lines and marched outside of school buildings across the Los Angeles Unified […]

(Corrects number of students in 6th paragraph to 420,000 from 565,000) (Reuters) – Classes were canceled for nearly half a million students across Los Angeles on Tuesday after education support staff launched a three-day strike backed by a teachers’ union that refused to cross their picket line. Members of the Service Employees International Union Local 99, which represents school bus drivers, custodians, cafeteria workers and classroom assistants, formed picket lines […]

WASHINGTON (Reuters) -The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion. The agreement, which must still be ratified by the IMF’s board, follows months of negotiations between IMF staff and Ukrainian authorities. The Fund said the agreement is expected to help unleash large-scale concessional financing for Ukraine from international donors and partners. “A gradual economic […]

(Reuters) -Nike Inc beat estimates for third-quarter revenue and profit on Tuesday, boosted by strong demand for its sneakers as consumers snapped up newer franchise launches and classic styles such as Jordan Retro in North America and Europe. The company has benefited from higher sales of its franchises such as LeBron helping grow its market share, while rival Adidas struggles with its split with Kanye West and the German company […]

By Koh Gui Qing NEW YORK (Reuters) -Global shares leapt on Tuesday after the rescue of Credit Suisse stemmed a rout in equities and whetted risk appetite, although financial system uncertainties limited buying as investors awaited the outcome of a Federal Reserve meeting. The Fed began a two-day meeting earlier on Tuesday and, after a wild few sessions, investors are divided about whether the central bank will raise interest rates […]