Town Hall News

By Christopher Bing WASHINGTON (Reuters) -At least 50 U.S. government staffers stationed in 10 countries were targeted with commercial hacking tools, commonly known as spyware, a senior administration official said, highlighting the growing threat by offensive cyber vendors and prompting the White House to introduce rules to hinder the spying. U.S. President Joseph Biden signed an executive order on Monday to curb the malicious use of digital spy tools around […]

By Saeed Azhar and Davide Barbuscia NEW YORK (Reuters) – After the collapse of two U.S. banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to a medium-term worry: economic growth. Deposits held by small U.S. banks dropped by a record $119 billion to $5.46 trillion after the collapse of Silicon Valley Bank on March 10, according to data released Friday […]

LONDON (Reuters) – Prince Harry, Elton John and five other high-profile figures are suing the publisher of the Daily Mail newspaper over allegations of phone-tapping and other privacy breaches. As the case was heard at London’s High Court for the first time on Monday, here are some details about the case and the background of lawsuits against the British press. WHAT IS THE CASE ABOUT? The claimants allege Associated Newspapers […]

By Tom Wilson LONDON (Reuters) – The world’s biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the U.S. Commodity Futures Trading Commission (CFTC) over regulatory violations, according to a court filing on Monday. Here are some key facts about Binance: THE COMPANY Binance was founded in Shanghai in 2017, but later moved to Tokyo and then Malta. While its holding company is based in the […]

By Sarah Marsh and Matthias Williams BERLIN (Reuters) – Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of the largest walkouts in decades in Europe’s biggest economy as soaring inflation stokes wage demands. The 24-hour “warning” strikes called by the Verdi union and railway and transport union EVG were the latest in months of industrial action […]

By Christopher Bing WASHINGTON (Reuters) – At least 50 U.S. government staffers stationed in 10 countries were targeted with commercial hacking tools, commonly known as spyware, according to a senior administration official, highlighting the growing threat caused by offensive cyber vendors and prompting the White House to introduce rules to hinder the spying. U.S. President Joseph Biden will sign an executive order on Monday intended to curb the malicious use […]

MEXICO CITY (Reuters) – The Mexican government will not ban the popular video sharing social media application TikTok, the country’s president said on Monday, even as the United States moves closer to a possible prohibition on the Chinese-owned app due to security concerns. President Andres Manuel Lopez Obrador vowed “complete freedom” when asked about the platform during his regular morning news conference, after TikTok’s chief executive faced a grilling by […]

By Jody Godoy (Reuters) – The founder of Infinity Q Management, the New York firm which once claimed to manage $3 billion, said he did not lie to investors and asked to withdraw his guilty plea ahead of his sentencing next week. James Velissaris, who pleaded guilty to securities fraud in November, said in court papers filed late Friday that he is innocent because his firm had disclosed to investors […]

By Amruta Khandekar and Ankika Biswas (Reuters) -Wall Street’s main indexes cut gains on Monday as investors assessed risks to the banking sector following a buyout deal for Silicon Valley Bank’s assets, while a rise in Treasury yields pressured rate-sensitive technology and other growth stocks. First Citizens BancShares Inc will acquire parts of Silicon Valley Bank, which collapsed earlier this month in the largest bank failure since the 2008 financial […]