Town Hall News

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William has settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “very large sum” after a secret deal struck with Buckingham Palace, lawyers for the heir’s brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers (NGN) at the High Court in London for multiple unlawful acts […]

By Sruthi Shankar and Ankika Biswas (Reuters) -Wall Street was set to open lower on Tuesday following a mixed batch of earnings reports, while a plunge in deposits of regional lender First Republic Bank stoked concerns about the banking sector. First Republic shares tanked 22.8% in premarket trading after the beleaguered lender reported a more than $100 billion flight in deposits in the first quarter following the biggest banking crisis […]

By Hyunsu Yim (Reuters) -Netflix Inc said on Tuesday it will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies and unscripted shows, doubling its investment in the market since 2016. The U.S. streaming service made the announcement after a meeting between South Korean President Yoon Suk Yeol and Netflix co-CEO Ted Sarandos. Yoon arrived in Washington on Monday for a six-day […]

By Priyamvada C (Reuters) -United Parcel Service Inc on Tuesday pegged annual revenue at the lower end of its prior forecast and warned of persistent pressure on parcel volumes, deepening the gloom for the inflation-hit shipping industry. Most delivery firms have been left with a bloated delivery capacity after online sales that had peaked during the pandemic started to fizzle as high inflation dented discretionary spending. “Deceleration in U.S. retail […]

By Dawit Endeshaw and Giulia Paravicini ADDIS ABABA (Reuters) -Talks between the Ethiopian government and rebels from the Oromiya region have started in Zanzibar, a semi-autonomous region of Tanzania, a spokesman for regional Africa group IGAD said on Tuesday. Rebel groups in Oromiya, which is the biggest of Ethiopia’s 11 regions and surrounds the capital Addis Ababa, have battled the federal government for decades. In recent years the violence has […]

By Natalia A. Ramos Miranda SANTIAGO (Reuters) – After their pick-up truck was stolen at gunpoint outside their home in Santiago last June, Javiera Castillo and her partner began learning how to shoot a pistol to prevent future encounters. Castillo, 23, a student and small-business owner who lives in the middle-class neighborhood of Maipu in Santiago, is one of a record number of Chileans worried about growing violence in the […]

BRUSSELS (Reuters) – Alibaba’s AliExpress, Amazon’s Marketplace, Apple’s App Store and 16 other tech companies will be subject to new EU online content rules as of August, EU industry chief Thierry Breton said on Tuesday. The other 16 companies are booking.com, Facebook, Alphabet’s Google Maps, Google Play, Google Search, Google Shopping, Instagram, Linkedin, Pinterest, Snapchat, TikTok, Twitter, Wikipedia, YouTube, Microsoft’s Bing and Zalando. (Reporting by Foo Yun Chee) Brought to […]

By Daina Beth Solomon MEXICO CITY (Reuters) – An impending change in U.S. border policy could put increased pressure on Mexico’s migrant detention system and lead to more reports of rights violations, migrant advocates have warned, in the wake of a fire that killed 40 people. On May 11 the U.S. is slated to lift a COVID health order known as ‘Title 42’ that has allowed it to rapidly return […]

(Reuters) -Verizon Communications Inc missed first-quarter revenue and free cash flow estimates on Tuesday, hit by wireless subscriber losses as inflation-hit Americans delayed device upgrades and a pandemic-led growth boom fizzled out. Shares of the New York-based telecom company were down 0.8% in premarket trading. Verizon has seen broadband demand surge following its scale-up of the technology behind 5G connectivity, but its fast-growing rivals AT&T Inc and T-Mobile have stayed […]