Town Hall News

By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla Inc boss Elon Musk on Wednesday doubled down on the price war he started at the end of last year, saying the electric vehicle (EV) maker would prioritize sales growth ahead of profit in a weak economy. The company posted its lowest quarterly gross margin in two years, missing market estimates, as it slashed prices aggressively in markets including the United […]

By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it this year,” said Tesla CEO Musk, speaking on a conference call. Musk has missed his […]

SEOUL (Reuters) -South Korean President Yoon Suk Yeol will visit the United States on April 24-30 for a summit with President Joe Biden, Yonhap news agency reported on Thursday. The two leaders are scheduled to hold a summit and joint news conference on April 26, and Yoon will deliver a speech to the U.S. Congress on April 27, Yonhap said. Yoon’s trip would mark the South Korean leader’s first state […]

HONG KONG (Reuters) – Western media reports on China’s population being overtaken by India deliberately ignores China’s development, using the topic to “bad mouth” it and advocate decoupling, state broadcaster CCTV said on Thursday. CCTV’s sharply worded commentary said the subtext from Western media in recent years was that China’s development was in “big trouble” and that when China’s demographic dividend disappears, it would decline, and the global economy would […]

TAIPEI (Reuters) – Taiwan said on Thursday it was perplexed by Paraguay’s main opposition presidential candidate questioning the benefits of keeping relations with Taipei, just a month after Beijing prised away its ties with another Latin American country. Efrain Alegre, who leads the centre-left Concertacion Nacional coalition, is seen neck-and-neck in opinion polls with ruling party candidate Santiago Pena in the election at the end of the month. Alegre has […]

SEOUL (Reuters) – South Korean President Yoon Suk Yeol will visit the United States on April 24-30 for a summit with President Joe Biden, Yonhap news agency reported on Thursday. (Reporting by Hyonhee Shin; Editing by Christian Schmollinger) Brought to you by www.srnnews.com

(Reuters) -Police in Ohio broke up a protest by more than 100 people who were marching on Wednesday over a grand jury’s decision to not indict officers who fatally shot an unarmed Black man last year. Police used what appeared to be chemical spray and other non-lethal weapons to disperse the crowd. The mayor’s office wrote on social media that police broke up the protest after it had been declared […]

By Madhumita Gokhale BENGALURU (Reuters) – India’s economy will slow considerably this fiscal year as the global economic slowdown impedes domestic growth prospects, according to a Reuters poll, which showed inflation will remain elevated despite recent interest rate hikes. While the expected expansion would be faster than other major economies, it will be below the long-term average. Growth in Asia’s third-largest economy was expected to slow to 6.0% in the […]

(Reuters) – Match-by-match facts and statistics ahead of the next round of Premier League fixtures from April 21-23 (all times GMT): Friday, April 21 Arsenal v Southampton (1900) * Arsenal have won 25 of their 47 Premier League games against Southampton (L8 D14). * Arsenal and Southampton played out a 1-1 draw in their previous meeting in October. * League leaders Arsenal drew their last two league games, while relegation-threatened […]