Town Hall News

(Reuters) – Polish mobile games developer Huuuge plans to release its first PC games on the Steam platform in the second half of the year, Deputy CEO Maciej Hebda said on Wednesday. Steam is the biggest distributor of PC-based video games. “We are aware of the market reality and to meet expectations of players we must go beyond mobile games, so we are also working on games that will premiere […]

MOSCOW (Reuters) – Russia’s defence ministry said on Wednesday that its forces had destroyed what it described as Ukraine’s “last warship” two days ago in the port of Odesa in a missile strike, though there was no immediate comment from Kyiv on the fate of the vessel. “The last warship of the Ukrainian navy, the Yuriy Olefirenko, was destroyed at a warship mooring in the port of Odesa,” Defence Ministry […]

KARACHI, Pakistan (Reuters) – The bail for Pakistan’s former Prime Minister Imran Khan has been extended by three days in the Al Qadir Trust graft case, his lawyer said on Wednesday. Khan’s May 9 arrest sparked widespread protests by his supporters, raising fresh worries about the stability of the nuclear-armed country as it struggles with its worst economic crisis in decades. He had denied any wrongdoing. (Reporting by Ariba Shahid […]

(Reuters) -Michael Kors parent Capri Holdings Ltd on Wednesday beat estimates for fourth-quarter revenue and profit, buoyed by a sales rebound in China following easing of pandemic-related curbs late last year. Shares of the luxury group, which also owns Versace and Jimmy Choo brands, rose 5% in premarket trading. Chinese consumers, unshackled from COVID-19 restrictions, have returned to splurging on luxury handbags and apparel, countering a slowdown in demand from […]

KARACHI, Pakistan (Reuters) – The bail for Pakistan’s former Prime Minister Imran Khan has been extended by three days in the Al Qadir Trust graft case, his lawyer said on Wednesday. Khan’s May 9 arrest sparked widespread protests by his supporters, raising fresh worries about the stability of the nuclear-armed country as it struggles with its worst economic crisis in decades. He had denied any wrongdoing. (Reporting by Ariba Shahid […]

By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant Huawei, some Chinese firms began setting up headquarters overseas – moves that could help them […]

By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant Huawei, some Chinese firms began setting up headquarters overseas – moves that could help them […]

By Luc Cohen NEW YORK (Reuters) – Three men accused of acting as illegal agents of China will face trial on Wednesday in the United States, part of an escalating crackdown on what U.S. prosecutors call Chinese state-backed intimidation of dissidents and fugitives overseas. Federal prosecutors in Brooklyn say Michael McMahon, Zheng Congying and Zhu Yong pressured a New Jersey resident to return to China to face bribery and embezzlement […]

By Luc Cohen NEW YORK (Reuters) – Three men accused of acting as illegal agents of China will face trial on Wednesday in the United States, part of an escalating crackdown on what U.S. prosecutors call Chinese state-backed intimidation of dissidents and fugitives overseas. Federal prosecutors in Brooklyn say Michael McMahon, Zheng Congying and Zhu Yong pressured a New Jersey resident to return to China to face bribery and embezzlement […]