Town Hall News

By Casey Hall SHANGHAI (Reuters) – Automakers keen to make a splash at the Shanghai auto show showed off vehicles boasting features from crystal balls to in-car karaoke systems and 3D dashboards, as competition to attract drivers heats up in the world’s largest auto market. At the first such showcase in China since the country’s COVID-19 curbs ended, Zeekr, a premium electric vehicle (EV) brand owned by Zhejiang Geely Holding […]

BEIJING (Reuters) -A recovery in Chinese consumer demand needs time to pick up due to the “scarring effect” of COVID-19, but there is no basis for any long-term deflation, an official from the People’s Bank of China (PBOC) said on Thursday. While the world’s second-largest economy reported better-than-expected gross domestic product growth in the first quarter, some economists said the upbeat headline figures mask underlying weakness in both household and […]

BEIJING (Reuters) -A recovery in Chinese consumer demand needs time to pick up due to the “scarring effect” of COVID-19, but there is no basis for any long-term deflation, an official from the People’s Bank of China (PBOC) said on Thursday. While the world’s second-largest economy reported better-than-expected gross domestic product growth in the first quarter, some economists said the upbeat headline figures mask underlying weakness in both household and […]

MOSCOW (Reuters) – Wikipedia’s owner has been fined 1.5 million roubles ($18,400) by a Russian court for failing to delete an article on the conflict in Ukraine, the TASS news agency said on Thursday. Russia has hit the Wikimedia Foundation with a string of fines in recent months, but is “not yet” planning to block the service, the minister of digital affairs said this week. ($1 = 81.6000 roubles) (Reporting […]

MOSCOW (Reuters) – Wikipedia’s owner has been fined 1.5 million roubles ($18,400) by a Russian court for failing to delete an article on the conflict in Ukraine, the TASS news agency said on Thursday. Russia has hit the Wikimedia Foundation with a string of fines in recent months, but is “not yet” planning to block the service, the minister of digital affairs said this week. ($1 = 81.6000 roubles) (Reporting […]

By Heekyong Yang SEOUL (Reuters) -The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) through 2030 to develop advanced battery technologies, including solid-state batteries, the industry ministry said on Thursday. “The joint investment will allow South Korea to start commercial production of solid state batteries ahead of others,” the ministry said in a statement. South Korea is home to three of […]

By Heekyong Yang SEOUL (Reuters) -The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) through 2030 to develop advanced battery technologies, including solid-state batteries, the industry ministry said on Thursday. “The joint investment will allow South Korea to start commercial production of solid state batteries ahead of others,” the ministry said in a statement. South Korea is home to three of […]

(Reuters) -Richard Branson’s Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday. Earlier this month, Virgin Orbit filed for Chapter 11 bankruptcy protection after the satellite launch company struggled to secure long-term funding following a failed launch in January. On Wednesday, the company proposed […]

(Reuters) -Richard Branson’s Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday. Earlier this month, Virgin Orbit filed for Chapter 11 bankruptcy protection after the satellite launch company struggled to secure long-term funding following a failed launch in January. On Wednesday, the company proposed […]