Town Hall News

(Reuters) – TikTok Chief Executive Shou Zi Chew has mostly kept a low profile since taking the job in 2021 but on Thursday he is testifying before U.S. lawmakers, many of them suspicious of the popular Chinese-owned social media app. Chew previously worked as an investment banker at Goldman Sachs and investment firm DST, which was an early backer of ByteDance, the company that owns TikTok. The administration of U.S. […]

By Allison Lampert and Abhijith Ganapavaram MONTREAL (Reuters) -Business jet maker Bombardier Inc on Thursday raised 2025 revenue and free cash flow targets at its investor day and said it would produce more corporate planes, sending shares up 7.5% in late morning trade. Corporate jet makers have reported swelling order backlogs on persistent strong demand for private flying in the U.S. But flatter global traffic, supply chain snags and fears […]

By Dan Peleschuk KYIV (Reuters) – Ukraine President Volodymyr Zelenskiy on Thursday visited the southern region of Kherson, where he made a pledge to local officials and villagers to repair damage caused by Russia’s invasion. The visit, to a region where Ukraine pushed back occupying Russian forces in a successful counteroffensive late last year, appeared intended to underline the country’s resilience 13 months after Russia’s large-scale invasion. It was Zelenskiy’s […]

By Poppy McPherson BANGKOK (Reuters) – Russia’s backing for Myanmar’s military rulers is unacceptable and destabilising, with its supply of weapons helping to fuel a conflict that has become a catastrophe for the country, a top U.S. official said on Thursday. The United States is concerned about the wider impact of the escalating crisis in Myanmar since a coup in 2021 and advancement of the junta’s ties with Russia, which […]

WASHINGTON/LONDON (Reuters) – The dollar headed on Thursday for its longest losing streak in 2-1/2 years after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, while the Swiss National Bank and Bank of England pushed ahead with further rate increases. The Fed raised its benchmark funds rate by 25 basis points, as expected on Wednesday, but dropped language about “ongoing increases” being needed in favor […]

By Marc Jones LONDON (Reuters) – World stock markets rose on Thursday as shares on Wall Street rallied, and Treasury yields fell, after investors took comfort that the Federal Reserve might pause its interest rate rises to offset the turmoil in financial markets. The gains in U.S stocks offset loses in Europe, where a post-Credit Suisse rebound sputtered to a halt as Switzerland, Norway and Britain all showed the year-long […]

(Reuters) – Struggling Huddersfield Town have been bought by an unnamed North American group, the Championship (second-tier) club announced on Thursday. The takeover will end chairman Dean Hoyle’s 14-year association with Huddersfield, who are currently third from bottom in the Championship, on 36 points from 38 games and in danger of being relegated. Hoyle acquired 75% of Huddersfield’s shares to become sole shareholder before signing a contract with the North […]

WASHINGTON (AP) — Approval of President Joe Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration tries to project a sense of stability while confronting a pair of bank failures and inflation that remains stubbornly high. That’s according to a new poll by The Associated Press-NORC Center for Public Affairs Research, which shows there have been modest fluctuations in support for […]

PODGORICA (Reuters) – Police in Montenegro have detained a person thought to be Do Kwon, an international fugitive accused of defrauding investors in a multibillion-dollar cryptocurrency scheme, the country’s interior minister said on Thursday. “The person is suspected of being one of the most wanted fugitives, South Korean national Do Kwon, a co-founder and CEO of the Singapore-based Terraform Labs,” Filip Adzic, the Montenegrin interior minister wrote on Twitter. In […]