Town Hall News

(Reuters) – UBS Group said on Wednesday it would buy back 2.75 billion euros ($2.96 billion) worth of debt it issued less than week ago, seeking to boost confidence among investors rattled by its $3 billion rescue of rival Credit Suisse at the weekend. The bonds in question, senior unsecured bail-in notes that were issued on March 17, include the 1.5 billion-euro 4.625% fixed rate note due March 2028 and […]

By Soo-hyang Choi SEOUL (Reuters) -North Korea fired multiple cruise missiles off its east coast on Wednesday, South Korea’s military said, the latest in a series of weapons tests as South Korean and the U.S. forces conduct joint military exercises. The missiles were fired at around 10:15 a.m. (0115 GMT) from the North’s South Hamgyong province, South Korea’s Joint Chiefs of Staff (JCS) said. It was not immediately clear how […]

By Victoria Waldersee and Kate Abnett BERLIN/BRUSSELS (Reuters) – Germany has declared last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars in 2035, demanding that sales be allowed of new cars with internal combustion engines after that date if they run on e-fuels. The EU rules would require all new cars sold from 2035 to have zero CO2 emissions, making it effectively impossible to sell […]

By Jack Queen and Helen Coster WILMINGTON, Delaware (Reuters) -Lawyers for Fox Corp faced a skeptical judge on Tuesday as they sought to block a $1.6 billion defamation lawsuit by Dominion Voting Systems from going to trial, while the voting-technology company accused Fox News of knowingly airing vote-rigging claims that the network knew were false. Both sides made presentations during a hearing in Wilmington before Delaware Superior Court Judge Eric […]

By William Schomberg and David Milliken LONDON (Reuters) – British consumer price inflation unexpectedly rose to 10.4% in February, pushed up by drinks prices in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest decision on interest rates Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.9% in February from January’s 10.1% and move further […]

SEOUL (Reuters) – North Korea appears to have fired multiple cruise missiles off its east coast on Wednesday, South Korea’s Yonhap news agency reported. It was not immediately clear how many projectiles were fired but Yonhap said they could be the North’s long-range strategic cruise missiles. North Korea has been ramping up its military tests in recent weeks, firing an intercontinental ballistic missile last week and conducting a nuclear counterattack […]

(Reuters) -China’s President Xi Jinping and Russia’s President Vladimir Putin set their sights on shaping a new world order as the Chinese leader left Moscow on Wednesday, having made no direct support for Putin’s war in Ukraine during his two-day visit. Xi made a strong show of solidarity with Putin against the West, but he barely mentioned the Ukraine conflict and said on Tuesday that China had an “impartial position”. […]

KYIV (Reuters) – Three people were killed in an overnight Russian drone strike on civilian infrastructure in the Kyiv region, Ukrainian officials said on Wednesday morning. The State Emergency Service said on the Telegram messaging app that two dormitories and an educational facility in the city of Rzhyshchiv had been partially destroyed in the attack. It said two people had been wounded and one had been rescued but that four […]

(Reuters) – The United States has offered to sell Slovakia 12 new Bell AH-1Z Viper helicopters at a two-thirds discount after Bratislava sent its retired MiG-29 fighter jets to Ukraine, Defence Minister Jaroslav Nad said on Wednesday. Nad said his government still had to approve the deal under which it would pay $340 million over three to four years for a package worth more than $1 billion. The remainder would […]