Town Hall News

MOSCOW (Reuters) -A Russian Sukhoi-34 supersonic warplane accidentally fired a weapon into the city of Belgorod near Ukraine late on Thursday, causing an explosion and injuring three people. Video footage from the site showed piles of concrete on the street, several damaged cars and a building with broken windows. One shot showed what appeared to be car upside down on the roof of a store. Belgorod region governor Vyacheslav Gladkov […]

LONDON (Reuters) -British lawmaker Alex Chalk was named justice minister following Dominic Raab’s resignation earlier on Friday, the government said. Raab, who held the posts of deputy prime minister and justice minister, resigned following a report into claims he bullied colleagues. Chalk, 46, previously served in the Ministry of Defence as Minister for Defence Procurement – a post he had held since Rishi Sunak became prime minister in October. Chalk […]

(Reuters) – Chile, the world’s second largest lithium producer, said it plans to transfer control of the production of the mineral essential for electric vehicle (EV) batteries to a new state-owned company. Here are key facts about lithium and EVs: WHAT IS LITHIUM? The silvery-white element is the lightest metal and highly reactive, giving it strong energy storage potential per unit of weight. This makes the alkali metal the mainstream […]

LONDON (Reuters) – British Deputy Prime Minister Dominic Raab resigned on Friday following an independent investigation into allegations that he bullied colleagues. WHAT DOES THE BULLYING INVESTIGATION REPORT SAY? A 48-page report by lawyer Adam Tolley lays out the findings into more than a dozen complaints about Raab’s behaviour. Tolley’s conclusions focus on three sets of complaints against Raab and finds that in two of those Raab did act in […]

By Alan Baldwin LONDON (Reuters) – James Allison has returned to his former role of technical director at Mercedes in a job swap with Mike Elliott as the once-dominant team reorganise after a slow start to the Formula One season. Elliott took over from Allison in July 2021, when the latter shifted to a broader but part-time role as chief technical officer (CTO). “Mike has led a review of our […]

By Aditya Kalra NEW DELHI (Reuters) -An Indian court has rejected Chinese phonemaker Xiaomi Corp’s petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday. Xiaomi’s assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances to foreign entities by passing them off as royalty payments. “We are studying […]

By Rowena Edwards LONDON (Reuters) -Oil prices were on track for a hefty weekly loss as economic and interest rate uncertainty weighed, though prices were stable on Friday as the euro zone recovery gathered pace unexpectedly. Brent futures for June delivery rose 11 cents, or 0.14%, to $81.21 a barrel by 1148 GMT. West Texas Intermediate crude (WTI) for June delivery was up 13 cents, or 0.17%, at $77.50. Both […]

By Aditya Kalra NEW DELHI (Reuters) -An Indian court has rejected Chinese phonemaker Xiaomi Corp’s petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday. Xiaomi’s assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances to foreign entities by passing them off as royalty payments. “We are studying […]

(Reuters) – Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows from global equity funds in the week ended April 19. Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million net purchase the previous week. Fund flows: Global equities, bonds and money markets, https://www.reuters.com/graphics/GLOBAL-FLOWS/GLOBAL-FLOWS/gdpzqmloqvw/chart.png U.S. […]