Town Hall News

BERLIN, June 10 (Reuters) – The world’s top automotive supplier, Robert Bosch GmbH, is on track to meet its financial targets this year despite new challenges emerging, including possible supply chain shocks resulting from the Middle East conflict, CEO Stefan Hartung told Reuters on Wednesday. Facing a slowdown in German car production and an investment-heavy transition to electric vehicles, Bosch plans 22,000 job cuts in its core automotive business, with […]

KYIV, June 10 (Reuters) – Ukraine, whose energy system has been under constant Russian attack, will face power shortages and consumer outages in the summer months despite imports and strong output from solar power plants, the DiXi Group think tank forecast. Russia has attacked Ukraine’s power generation and transmission systems throughout the war, severely damaging thermal power plants and forcing Kyiv to increase imports and resort to large-scale power cuts […]

WASHINGTON, June 10 (Reuters) – The United States, Australia, European allies and other countries condemned Iran-backed groups’ plots to kill Iranian dissidents, journalists and Jewish communities in a joint statement released on Wednesday. “We stand united in our determination to protect our countries and our people against these threats. The Islamic Republic of Iran must halt these actions now,” the statement released by the U.S. Department of State said. The […]

June 10 (Reuters) – Organon said on Wednesday the U.S. Food and Drug Administration has approved the expanded use of its arthritis drug, a biosimilar to Roche’s Actemra, to treat a life‑threatening immune reaction in some cancer patients and COVID-19 in patients needing breathing support. Here are a few details: • The FDA approval expands use of its biosimilar, Tofidence, to treat severe or life‑threatening cytokine release syndrome in some […]

LONDON, June 10 (Reuters) – Britain’s media regulator Ofcom on Wednesday warned online platforms of possible legal consequences if their services are used to incite violence and spread hatred linked to recent civil unrest in Belfast, following a knife attack in the city. Ofcom said it had told the online providers in a letter that some of the unrest in Belfast appeared to have been fuelled online and included racially […]

June 10 (Reuters) – U.S. stock index futures trimmed losses on Wednesday after May inflation data tempered some bets of further Federal Reserve’s policy tightening. A Labor Department report showed the Consumer Price Index rose 4.2% on a yearly basis in May, in-line with estimates. At 08:33 a.m. ET, Dow E-minis were down 305 points, or 0.6%, and S&P 500 E-minis were down 38 points, or 0.51%. Nasdaq 100 E-minis […]

If you like the idea of owning a fun-to-drive car but can’t afford a new one, this summer is an ideal time to consider buying used. Right now, quite a few performance cars that might have been out of reach for you when new can be had for less than $25,000 on the used market. Edmunds’ editors reviewed what’s available for under 25 grand and came up with five of […]

The Pentagon’s revision to its list of Christian religions this week has reignited a nearly 200-year-old debate: Is The Church of Jesus Christ of Latter-day Saints a Christian denomination? Most Latter-day Saints do see themselves as Christians. But there are many prominent Christian clergy and scholars who disagree, citing core differences in how they view God and the Trinity and revere a scripture that is not part of the two-testament […]

BANGKOK (AP) — An American diplomat was found dead in Myanmar’s largest city, the U.S. State Department said, and members of the diplomatic community in Yangon say a Thai woman has been detained by police in connection with the investigation. American officials in Thailand and the U.S. Embassy in Myanmar referred questions on the case to the State Department, which confirmed the “death of a U.S. government employee” assigned to […]