Town Hall News

By Guy Faulconbridge MOSCOW (Reuters) -President Vladimir Putin has visited military headquarters in Russian-controlled Ukraine, the Kremlin said, where he discussed the war with a general from Russia’s airborne troops who has reportedly taken up a powerful new role in the invasion. Russia’s invasion of Ukraine, launched on Feb. 24, 2022, has triggered the deadliest European conflict since World War Two. Moscow claims to have annexed four Ukrainian regions but […]

By Supantha Mukherjee STOCKHOLM (Reuters) -Sweden’s Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The company has cut costs to mitigate lower spending by telecom operator customers in several regions and expects the slower pace of deployment to continue until the third quarter. After announcing plans […]

By M. Sriram and Tanvi Mehta MUMBAI (Reuters) -About 300 people lined up at Apple’s store in Mumbai on Tuesday, as fans took selfies with Chief Executive Tim Cook who inaugurated the first retail store run by the company in India, underscoring the importance of its market. People gathered from across the nation, hoping to be among the first to enter the store in an opening event featuring local music […]

TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital. ValueAct, which owns a 4.4% stake in Seven & i, is calling for a spin-off of its 7-Eleven convenience store chain and is seeking to replace four of the 14 board members at the annual meeting. But none of those nominees have experience in significant business […]

By M. Sriram and Tanvi Mehta MUMBAI (Reuters) -About 300 people lined up at Apple’s store in Mumbai on Tuesday, as fans took selfies with Chief Executive Tim Cook who inaugurated the first retail store run by the company in India, underscoring the importance of its market. People gathered from across the nation, hoping to be among the first to enter the store in an opening event featuring local music […]

By Humeyra Pamuk TOKYO (Reuters) -A U.S. diplomatic convoy came under fire on Monday in Sudan in an apparent attack by fighters associated with Sudan’s paramilitary Rapid Support Forces (RSF), U.S. Secretary of State Antony Blinken said on Tuesday, in an incident he described as “reckless” and “irresponsible”. The incident prompted a direct warning from Blinken, who separately telephoned RSF leader General Mohamed Hamdan Dagalo, known as Hemedti, and Sudan’s […]

STOCKHOLM (Reuters) – Sweden’s Ericsson on Tuesday reported first-quarter core earnings that beat expectations as stronger sales of 5G equipment in countries such as India offset lower sales in high-margin countries. The company’s quarterly adjusted operating earnings, excluding restructuring, fell to 4 billion Swedish crowns ($386.77 million) from 4.8 billion crowns a year earlier, beating analysts’ mean forecast of 3.28 billion, according to Refinitiv data. Ericsson, which announced plans to […]

STOCKHOLM (Reuters) – Sweden’s Ericsson on Tuesday reported first-quarter core earnings that beat expectations as stronger sales of 5G equipment in countries such as India offset lower sales in high-margin countries. The company’s quarterly adjusted operating earnings, excluding restructuring, fell to 4 billion Swedish crowns ($386.77 million) from 4.8 billion crowns a year earlier, beating analysts’ mean forecast of 3.28 billion, according to Refinitiv data. Ericsson, which announced plans to […]

ROME (Reuters) -AS Roma said on Monday they have sacked chief executive Pietro Berardi, a decision taken days after prosecutors seized documents at the Serie A club as part of a probe into possible financial irregularities in transfer deals. Roma, who are in third place in the Italian top flight, said in a brief statement that they had “terminated all relations” with Berardi “with immediate effect.” The statement did not […]