Town Hall News

By Jan Strupczewski BRUSSELS (Reuters) – European Union leaders and the ECB sought to calm market jitters by presenting a united front on the banking sector on Friday, saying EU lenders are well capitalised and liquid thanks to lessons drawn after the 2008 Lehman Brothers collapse. “Our banking sector is resilient, with strong capital and liquidity positions,” the leaders of the 27 EU countries said in a statement at the […]

WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy accused President Joe Biden on Friday of not caring about the budget and debt ceiling enough to hold talks with House Republicans about their differences. “Unfortunately the President doesn’t think it’s important,” McCarthy told reporters when asked about how talks on the debt ceiling were going. The two men held one preliminary meeting in February. Biden and leading Democrats in […]

MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Friday denied that parts of his country are controlled by drug cartels, responding to recent comments from U.S. Secretary of State Antony Blinken. Blinken said in a congressional hearing on Wednesday that it was “fair to say” that parts of the country were controlled by cartels instead of the government. “That is false,” Lopez Obrador said in a regular news […]

By Idrees Ali and Phil Stewart WASHINGTON (Reuters) -The United States on Friday said it would protect its personnel in Syria after the U.S. military carried out air strikes against Iran-backed forces in retaliation for an attack that killed an American contractor and wounded five U.S. troops. Just a day after the deadly attack on U.S. personnel in Syria, which Washington blamed on a drone of Iranian origin, sources said […]

(Reuters) – It’s an old saw: A credit crunch is when your bank won’t lend to you. A credit crisis is when banks won’t lend to each other. Federal Reserve Chair Jerome Powell said Wednesday Silicon Valley Bank’s collapse and the banking system upheaval it triggered “are likely to result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes.” In other words: a credit […]

By Hannah Lang and Joice Alves WASHINGTON/LONDON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment. Banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been contained. The dollar index […]

By Radhika Anilkumar (Reuters) -Britons’ taste for cocktails, Welsh vodka and real ale helped pubs group J D Wetherspoon return to profit in the first half of its financial year, boosting its shares. Wetherspoon was “cautiously optimistic” on its outlook for the year ahead despite high inflation, which has pushed up labour, food and energy costs for British pubs and restaurants. The company’s shares rose as much as 12% to […]

By Danielle Broadway and Rollo Ross LOS ANGELES (Reuters) – When Cassidy Jacobson was 13 years old, she posted a video of herself dancing on the popular app TikTok. Little did she know then that six years later her Casssidy_J account would have 1.5 million followers on the short-form video platform with fans drawn to her love of dance and hair care. Jacobson dreams of using her success on TikTok […]

By Radhika Anilkumar (Reuters) -Britons’ taste for cocktails, Welsh vodka and real ale helped pubs group J D Wetherspoon return to profit in the first half of its financial year, boosting its shares. Wetherspoon was “cautiously optimistic” on its outlook for the year ahead despite high inflation, which has pushed up labour, food and energy costs for British pubs and restaurants. The company’s shares rose as much as 12% to […]