Town Hall News

By Kantaro Komiya and Joey Roulette (Reuters) -Japanese startup ispace inc said its attempt to make the first private moon landing had failed after losing contact with its Hakuto-R Mission 1 (M1) lander, concluding it had most likely crashed on the lunar surface. “We lost communication, so we have to assume that we could not complete the landing on the lunar surface,” founder and Chief Executive Takeshi Hakamada said on […]

BOGOTA (Reuters) – Colombia’s President Gustavo Petro has asked his cabinet ministers to resign, two sources told Reuters late on Tuesday. The likely reshuffle comes amid challenges and hold ups for Petro’s health reform, which has faced resistance in Congress and even from some of his political allies, local media reported. (Reporting by Nelson Bocanegra and Luis Jaime Acosta; Writing by Oliver Griffin and Julia Symmes Cobb) Brought to you […]

BEIJING (Reuters) – Alibaba Cloud has cut prices for its core and storage products by up to 50%, Securities Times reported on Wednesday. The price cuts are aimed at expanding its user base and market penetration, the report said. (Reporting by Beijing newsroom; Writing by Liz Lee; Editing by Muralikumar Anantharaman) Brought to you by www.srnnews.com

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc on Wednesday said production cuts by memory chip makers will improve market conditions from the second half of 2023, after it reported a record operating loss for the first quarter. The wider loss came as shipments of chip-equipped devices weakened due to global economic slowdown, worsening a supply glut and pushing down prices, the world’s second-biggest maker […]

By Rodrigo Campos NEW YORK (Reuters) -Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a slide in the peso currency that President Alberto Fernandez blamed on “Argentina’s right”, as the currency hit a fresh low in popular black markets. The peso hit 495 against the dollar in informal markets that have flourished as the official foreign exchange market is under tight controls. The 6.7% […]

By Wayne Cole SYDNEY (Reuters) -Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less pressure for another hike in interest rates. Investors reacted by lengthening the odds on the Reserve Bank of Australia (RBA) resuming raising rates at its May 2 meeting, having paused in April after […]

SINGAPORE (Reuters) – U.S. stock futures bounced as buybacks and earnings beats boosted tech giants in after-hours trade, although Asian shares wallowed at one-month lows on Wednesday, with investors turning nervous on the outlook for the world’s two biggest economies. Nasdaq futures were up 1.4% and S&P 500 futures up 0.5% following better-than-expected profits at Microsoft and a $70 billion stock buyback at Google parent Alphabet. Both stocks rose after […]

PORT-AU-PRINCE (Reuters) – Haitian police said on Monday that at least 10 suspected gang members had been lynched and their bodies burned by residents of Port-au-Prince. Haitian police spokesperson Gary Desrosiers said the group of armed bandits had been traveling in a vehicle in the capital and that police had intended to arrest them. Separately, he said notorious crime boss Carlo Petithomme was dead, without giving any details. Petithomme went […]

By Chen Lin SINGAPORE (Reuters) – Singapore on Wednesday executed a man convicted of drug trafficking, a representative for his family said, despite pleas from his relatives and activists for clemency. Tangaraju Suppiah, 46, had been convicted for abetting the trafficking in 2013 of more than 1 kg (2.2 pounds) of cannabis, double the threshold for the death penalty in the city-state, which is known for its tough laws on […]