Town Hall News

(Reuters) -Cineworld said on Tuesday it had filed a reorganisation plan in a Texas bankruptcy court that will effectively wipe out existing shareholdings, sending its stock to an all-time low. The filing formalises a deal laid out on April 3 that includes plans to cut debt by about $4.53 billion and raise $2.26 billion in funds to emerge from bankruptcy. It does not provide for any recovery for its existing […]

By Alasdair Pal and Dominique Patton SYDNEY/BEIJING (Reuters) -Australia has reached an agreement with China to resolve their dispute over barley imports, Foreign Minister Penny Wong said on Tuesday, in the latest sign of improving ties between the trade partners. Relations between the two had been strained for years, and worsened after Australia called for an inquiry into the origins of COVID, triggering trade reprisals by Beijing including anti-dumping duties […]

LONDON (Reuters) -Junior doctors in Britain began a four-day strike on Tuesday over pay that is likely to cause unprecedented disruption to the health service, prompting the government to warn of a risk to patient safety. Tens of thousands of junior doctors — qualified physicians who make up nearly half of the medical workforce — are striking for pay rises better aligned with inflation, in the latest disruption to affect […]

ZURICH (Reuters) – Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Tuesday, in an open letter to the country’s parliament. SBPV managing director Natalia Ferrara has written to lawmakers to demand they consider staff affected by the collapse of Credit Suisse and halt any job losses until the end of 2023. “We … call […]

(Reuters) – At least 30 people were killed in a central area of Myanmar on Tuesday, after the army launched an attack on an event being held by opponents of military rule, media outlets reported. Citing residents in the Sagaing area, BBC Burmese, Radio Free Asia (RFA), and the Irrawaddy news portal reported up to 50 people, including civilians, had died in the attack. Reuters could not immediately verify the […]

By Dhara Ranasinghe LONDON (Reuters) – World stocks rallied on Tuesday, as traders held on to hope that interest rates will soon peak and come down later this year, even if latest U.S. jobs data supported the case for a May hike from the Federal Reserve. Those hopes were fanned by an analysis in the International Monetary Fund’s latest World Economic Outlook that suggested the current high interest rates “are […]

(Reuters) – Media outlets reported on Tuesday multiple casualties in Myanmar after the army launched an attack on an event being held by opponents of military rule in a township in a central area of the country. Citing residents in the Sagaing area, BBC Burmese, Radio Free Asia (RAF), and the Irrawaddy news portal reported at least 30 people, including civilians, had died in the attack. Reuters could not immediately […]

VLADIVOSTOK, Russia (Reuters) -One of Russia’s most active volcanoes erupted on Tuesday shooting a vast cloud of ash far up into the sky and smothering villages in drifts of grey volcanic dust, triggering an aviation warning around Russia’s far eastern Kamchatka Peninsula. The Shiveluch volcano erupted just after midnight reaching a crescendo about six hours later, spewing out a ash cloud over an area of 108,000 square kilometres, according to […]

VLADIVOSTOK, Russia (Reuters) -One of Russia’s most active volcanoes erupted on Tuesday shooting a vast cloud of ash far up into the sky and smothering villages in drifts of grey volcanic dust, triggering an aviation warning around Russia’s far eastern Kamchatka Peninsula. The Shiveluch volcano erupted just after midnight reaching a crescendo about six hours later, spewing out a ash cloud over an area of 108,000 square kilometres, according to […]