Town Hall News

By Nell Mackenzie PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the financial system, two senior asset managers told a European equities conference on Wednesday. For asset managers, hedge funds and traders gathered in Paris for the Tradetech equity trading conference, recession risks were a key talking point. The failure of two U.S. lenders and the forced takeover […]

(Reuters) -A Scottish runner has been stripped of third place in an ultra-marathon after data showed she had used a vehicle for part of the route, the race director said. Data from the tracking system at the GB Ultras Manchester to Liverpool 80km race on April 7 showed that Joasia Zakrzewski, who represented Scotland in the marathon at the 2014 Commonwealth Games in Glasgow, used a car for a 4km […]

By Andrew Osborn MOSCOW (Reuters) – Russian opposition activist Ilya Yashin on Wednesday predicted he would one day help build a “new and free Russia” after losing his appeal against an eight-and-a-half year prison sentence on a charge of spreading false information about the army. Yashin, a longtime ally of jailed opposition leader Alexei Navalny, was arrested in June 2022 for statements that he made on his YouTube channel about […]

KHARTOUM (Reuters) – Sudan’s paramilitary Rapid Support Forces agreed on Wednesday to a 24-hour ceasefire starting at 6 p.m. (1600 GMT) following a days-long power struggle and bloody clashes with the army. “We confirm our full commitment to a complete ceasefire, and we hope the other party will abide by the ceasefire according to the announced time,” the RSF added in a statement. It was not immediately clear whether the […]

By Sruthi Shankar and Ankika Biswas (Reuters) -U.S. stocks were set to open lower on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment. Tesla Inc dropped 2.9% in premarket trading after the electric-vehicle maker cut prices on some of its Model Y and Model 3 vehicles […]

(Reuters) – Glencore Plc has offered $22.5 billion for Canadian copper miner Teck Resources Ltd, the latest in a wave of deals in the global copper industry amid surging demand and tight supply for the red metal anchoring the green energy transition. “The green energy transition has been a growth driver for many aspects of the metals and mining industry, with demand for key metals such as copper, nickel, lithium […]

LONDON (Reuters) – Pope Francis has gifted fragments believed to be from the True Cross on which Jesus was crucified to form part of a new processional cross which will be used at the coronation of Britain’s King Charles next month. The new cross, made from recycled silver along with Welsh slate and reclaimed wood, was a gift from the king to the Church in Wales to mark its centenary […]

(Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox Corp of ruining its business by airing claims that its machines were used to rig the 2020 U.S. presidential election […]

By Amanda Cooper LONDON (Reuters) -Global stocks fell on Wednesday, while a rally in the dollar gained momentum, as investor focus honed in on what the Federal Reserve may have to do to tame inflation, rather than on the recent problems in the U.S. banking sector. The MSCI All-World index fell 0.3%, thanks to a broad-based decline in global equities. U.S stock futures fell between 0.5 and 0.7%. Wall Street’s […]