Town Hall News

By Andrew MacAskill, Alistair Smout and Sachin Ravikumar LONDON (Reuters) -British Deputy Prime Minister Dominic Raab resigned from the government on Friday following an independent investigation into complaints that he bullied colleagues, the latest scandal to force out one of Prime Minister Rishi Sunak’s top ministers. The loss of the third senior minister over their personal conduct in the last six months will damage Sunak’s efforts to revive the governing […]

(Corrects credits to show reporting by Matthias Inverardi) (Reuters) -Henkel on Friday said it expects to see a net financial loss in the deal to sell its Russian business. The consumer goods group did not disclose the amount of losses but pointed out that the currency exchange effect would play a role in the transaction. Further details on the deal will be provided in the company’s first-half earnings release in […]

(Reuters) – Several lawsuits have been filed over the terms of last month’s emergency deal to save Swiss lender Credit Suisse by selling it to its bigger rival UBS. The 3 billion Swiss franc ($3.4 billion) rescue, hammered out over a weekend during a bout of turmoil in the global banking sector, upended a long-established practice of giving bondholders priority over shareholders in a debt recovery. Around 16 billion Swiss […]

By Andrew Chung (Reuters) – The U.S. Supreme Court is poised on Friday to determine whether the abortion pill mifepristone will continue to be broadly available in the United States as it weighs a bid by Democratic President Joe Biden’s administration to defend the drug in a challenge to its regulatory approval by anti-abortion groups. The court faces a self-imposed deadline to act by 11:59 p.m. EDT (0359 GMT on […]

By Yuvraj Malik (Reuters) -Twitter on Thursday began removing legacy blue checkmarks from user profiles, with famous people including pop icon Beyonce, Microsoft Corp co-founder Bill Gates and Portuguese soccer star Cristiano Ronaldo losing their verified statuses. Pope Francis, who lost the blue tick earlier on Thursday, was later given the gray verification checkmark by Twitter. Some personalities such as basketball star LeBron James and author Stephen King still had […]

By Leah Douglas (Reuters) – Food banks across the United States are straining to meet spiking demand as high food costs and shrinking federal benefits drive scores of Americans to depend on free groceries, just as Republicans seek to narrow access to food assistance. President Joe Biden, who this week criticized Republicans’ proposals to further cut benefits in order to shrink the country’s deficit, pledged last year to end hunger […]

By Deena Beasley and Julie Steenhuysen (Reuters) – Eli Lilly and Co expects the U.S. Medicare health plan to back down from strict coverage limits on new Alzheimer’s drugs as more evidence emerges in coming weeks showing that clearing amyloid brain plaques can help patients, a company executive told Reuters. Lilly plans to release results from a trial of its experimental amyloid-targeting drug donanemab before the end of June. More […]

TOKYO (Reuters) – Toyota Motor Corp must step up its speed and efforts to meet customer expectations in China, which will become an advanced market for electric vehicles, the automaker’s chief executive, Koji Sato, said on Friday.     Sato made the comment in a roundtable interview with members of the foreign media in Tokyo. (Reporting by Daniel Leussink and Maki Shiraki; Editing by William Mallard) Brought to you by www.srnnews.com

By Yana Gaur and Kane Wu (Reuters) -Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a valuation of $8 billion to $10 billion for the business, Bloomberg News reported on Friday. The U.S.-based private equity firm has been discussing various options with financial advisers for its stake in McDonald’s China, two people with knowledge of the matter told Reuters. The […]