Town Hall News

By Jody Godoy and Helen Coster (Reuters) – A Fox Corp shareholder sued Chairman Rupert Murdoch and four other board members on Tuesday, saying they failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility and prompted lawsuits. Shareholder Robert Schwarz alleged in the lawsuit filed in Delaware Chancery Court that the directors breached their duties to ensure that Fox followed its […]

(Reuters) – Advocacy groups are suing the U.S. Federal Emergency Management Agency (FEMA), saying it is incorrectly ignoring renewable energy sources while using billions of dollars in congressional funding to rebuild Puerto Rico’s power grid. The Center for Biological Diversity and nine Puerto Rican community groups say FEMA is making Puerto Rico less resilient to storms and more likely to experience widespread power outages by restoring its older fossil fuel-powered […]

(Reuters) – Advocacy groups are suing the U.S. Federal Emergency Management Agency (FEMA), saying it is incorrectly ignoring renewable energy sources while using billions of dollars in congressional funding to rebuild Puerto Rico’s power grid. The Center for Biological Diversity and nine Puerto Rican community groups say FEMA is making Puerto Rico less resilient to storms and more likely to experience widespread power outages by restoring its older fossil fuel-powered […]

LONDON (Reuters) – The United States has been engaging with its allies over the recent purported leak of classified documents which supposedly reveal military capabilities of some U.S. partners, a White House official said on Wednesday. “I think we’ve been having engagements across the administration with a broad number of allies and partners but can’t speak specifically with (what) the president intends to raise for the prime minister this morning,” […]

By Yoruk Bahceli and Ankur Banerjee (Reuters) – World stocks and bond yields stalled on Wednesday as markets anticipated crucial U.S. inflation data which could give signals on how soon the Federal Reserve will end its aggressive rate hikes. After Friday’s jobs report showed a resilient U.S. labour market, emboldening bets of a 25 basis point hike at the Fed’s next meeting in May, investor attention is firmly on the […]

By Yimou Lee and Liz Lee TAIPEI/BEIJING (Reuters) -China plans to close airspace north of Taiwan for about half an hour next week, down from an originally announced three days, because of a falling object from a satellite launch vehicle, officials in Taiwan and South Korea said. When asked about an earlier Reuters report on the airspace’s closing, Yan Yu-hsien, deputy chief of the general staff for intelligence from Taiwan’s […]

(Reuters) – Asia’s economic growth could outpace developed countries’ by 5% by end-2023 driven by China’s easing of COVID-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan Stanley economists. The recent banking stress in the U.S. and Europe strengthens the case for Asia’s outperformance, MS Asia economists, led by Chetan Ahya, said in a note dated Tuesday. “Lending standards will tighten in the U.S. and […]

By Krishn Kaushik NEW DELHI (Reuters) -Four soldiers were killed in firing at a military base in the Indian border state of Punjab early on Wednesday, the army said, and a search for the shooters was in progress. An unknown number of shooters were at large at the base in Bathinda city, a defence source told Reuters, declining to be named citing the sensitivity of the matter. Four soldiers succumbed […]

(Reuters) – Asia’s economic growth could outpace developed countries’ by 5% by end-2023 driven by China’s easing of COVID-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan Stanley economists. The recent banking stress in the U.S. and Europe strengthens the case for Asia’s outperformance, MS Asia economists, led by Chetan Ahya, said in a note dated Tuesday. “Lending standards will tighten in the U.S. and […]