Town Hall News

NEW YORK (Reuters) – Carlos Alcaraz and Novak Djokovic will aim to set up another eagerly awaited matchup in a Grand Slam by reaching the U.S. Open final on Friday, less than two months after their blockbuster showdown in the Wimbledon title clash. Defending champion Alcaraz, 20, won his second major at the All England Club in July and said it would be “great” to play three-time U.S. Open winner […]

(Reuters) -Kroger reported a quarterly net loss on Friday as the U.S. retailer took a $1.4-billion charge related to a nationwide opioid settlement, sending its shares down as much as 3% in premarket trading. The company said it would pay up to $1.2 billion to U.S. states and subdivisions and $36 million to Native American tribes, settling a majority of the opioid claims brought against it. Thousands of lawsuits have […]

MILAN (Reuters) – Carmaker Stellantis aims to develop lighter electric vehicle batteries, cutting weights in half to improve sustainability, the group’s technology chief said on Friday. Ned Curic said current electric vehicle (EV) batteries were “just too heavy”, making vehicles “not compatible” with sustainability purposes. “So what I have in mind and a very hard goal for my team by 2030 is to change the battery weight to at least […]

(Reuters) – Investors withdrew from U.S. equity funds for a sixth successive week in the seven days to Sept. 6, in the wake of downbeat economic data from China and Europe, and a surge in U.S Treasury yields. According to LSEG data, investors withdrew a net $5.96 billion out of U.S. equity funds during the week, compared with about $4.42 billion worth net withdrawn the previous week. Data pointing to […]

By Giuseppe Fonte and Elisa Anzolin ROME (Reuters) – Italy’s government secured some cooperation from producers’ associations in its battle against rising prices, it said on Friday, though the last word on binding commitments remained in the hands of individual companies. High inflation is a headache for Prime Minister Giorgia Meloni’s administration, which has agreed with supermarkets chains and small retailers steps to cap prices of essentials goods from October […]

(Reuters) -Kroger reported a quarterly net loss on Friday as the U.S. retailer took a $1.4-billion charge related to a nationwide opioid settlement, sending its shares down as much as 3% in premarket trading. The company said it would pay up to $1.2 billion to U.S. states and subdivisions and $36 million to Native American tribes, settling a majority of the opioid claims brought against it. Thousands of lawsuits have […]

By Shristi Achar A and Amruta Khandekar (Reuters) -Wall Street’s main indexes were poised for a subdued open on Friday as investors awaited a fresh inflation reading next week after recent economic data stoked worries interest rates could remain higher for longer. Stronger-than-expected services activity data and a fall in weekly jobless claims have dented investor sentiment, dragging the S&P 500 and Nasdaq 1.4% and 2% lower so far this […]

By Sam Tobin LONDON (Reuters) – Madagascan President Andry Rajoelina’s ex-chief of staff on Friday pleaded not guilty in a London court to seeking a bribe from precious stone miner and Faberge owner Gemfields. Romy Andrianarisoa, 46, and her French associate Philippe Tabuteau, 54, are accused of having sought 250,000 Swiss francs ($280,000) and a 5% equity stake in any Gemfield company mining in Madagascar. They both appeared at Southwark […]

By Munsif Vengattil and Dhwani Pandya BENGALURU (Reuters) -U.S. chip firm Nvidia and telecom-to-retail giant Reliance on Friday announced an AI partnership to create language models, generative apps and a cloud infrastructure platform for AI development in the South Asian nation. Nvidia will provide the computing power required for the efforts, while Reliance unit Jio will manage and maintain the AI infrastructure and oversee customer engagement, the companies said. “Reliance […]