Town Hall News

By Steve Gorman and Arlene Eiras LOS ANGELES (Reuters) – The spectacular explosion of SpaceX’s new Starship rocket minutes after it soared off its launch pad on a first flight test is the latest vivid illustration of a “successful failure” business formula that serves Elon Musk’s company well, experts said on Thursday. Rather than seeing the fiery disintegration of Musk’s colossal, next-generation Starship system as a setback, experts said the […]

By Nia Williams (Reuters) -Canadian police are investigating the theft of a C$20 million ($14.84 million) cargo of gold and other valuables that was stolen from a holding facility at Toronto Pearson International Airport. The cargo was reported missing after arriving on an aircraft early Monday evening, Peel Regional Police Inspector Stephen Duivesteyn told a news conference on Thursday. Duivesteyn said after the aircraft landed the cargo was unloaded and […]

TOKYO (Reuters) – The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Kyodo news agency reported on Friday, citing Japanese government sources. Bloomberg news on Thursday also reported that the United States and Ukraine’s allies were considering “an outright ban on most exports to Russia”. That report said officials from G7 nations were discussing the idea before a summit meeting in Japan next month. […]

By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is pushing to oust Seven & i Holdings President Ryuichi Isaka, saying he is responsible for a “flawed strategy” and stating publicly for the first time that he is one of four directors it wants to replace at next month’s annual meeting. The San Francisco-based investment firm, which owns a 4.4% stake in the convenience store operator, is ratcheting up the […]

MEXICO CITY (Reuters) – Mexico’s presidential jet has been sold to the Tajikistan government, President Andres Manuel Lopez Obrador said on Thursday, marking a possible end to a long-running political saga that the Mexican leader used to assail past excesses. In posts on his social media, Lopez Obrador said the agreed sale price for the Boeing 787 Dreamliner used by his predecessor Enrique Peña Nieto – but never by him […]

By Byron Kaye SYDNEY (Reuters) – Fox Corp CEO Lachlan Murdoch dropped a defamation lawsuit against an Australian news site over an opinion piece he said accused him of complicity in the Jan. 6 attack on the U.S. Capitol, saying the defendant was trying to generate publicity. Murdoch’s lawyer in Australia said his client was confident he would have won the suit against online publisher Private Media and its site […]

SHANGHAI (Reuters) – China’s Foreign Minister Qin Gang said on Friday that both sides of the Taiwan Strait belong to China, and it is right and proper for China to uphold its sovereignty. Qin made the remarks at the Lanting Forum in Shanghai, where he discussed a wide range of topics from debt, the global economy, and Taiwan. “Recently there has been absurd rhetoric accusing China of upending the status […]

By Andrew Hay TAOS, New Mexico (Reuters) -New Mexico prosecutors on Thursday said they would drop involuntary manslaughter charges against actor Alec Baldwin in the fatal shooting of cinematographer Halyna Hutchins during filming of the Western movie “Rust” in 2021. The decision came after new evidence surfaced on the gun Baldwin was using that fired the live round that killed Hutchins, according to a person familiar with the investigation. The […]

By Rae Wee SINGAPORE (Reuters) – The dollar was eyeing its first weekly gain in more than a month on Friday as bets for another rate hike by the U.S. Federal Reserve in May firm, though its gains were capped by soft economic data pointing to a slowing economy. In Asia, Japan’s consumer inflation held steady above the central bank’s target in March, with a key index hitting a four-decade […]