Town Hall News

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Thursday denied Archegos Capital Management LP founder Bill Hwang’s effort to dismiss an indictment accusing him of fraud in the collapse of his once-$36 billion firm. U.S. District Judge Alvin Hellerstein in Manhattan rejected arguments that the 11-count indictment should be tossed because prosecutors deceived Hwang into cooperating with their probe and because Hwang’s trading activity had been lawful. Hwang […]

By Michael Martina WASHINGTON (Reuters) -A new U.S. congressional committee on China held its second hearing on Thursday, highlighting what Washington says is an ongoing genocide against Uyghurs and other ethnic minorities in China’s Xinjiang region. Rights groups accuse Beijing of abuses, including forced labor, mass surveillance and having placed 1 million or more Uyghurs – a mainly Muslim ethnic group – in a network of internment camps in Xinjiang. […]

By Navya Mittal (Reuters) – Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and understated its customer acquisition costs. Block said the report was “factually inaccurate and misleading” and that it was exploring legal action against the short-seller. Shares of the San Francisco-headquartered company, which has a secondary listing […]

MANILA (Reuters) – Maritime issues between the Philippines and China play an important part in relations between the countries, senior officials from the countries said on Friday, as both sides pledged to work together to resolve differences. Tensions between the neighbours have recently flared up over what Manila described as “aggressive activities” by China in the South China Sea. Beijing, which claims large parts of the South China Sea including […]

By Navya Mittal (Reuters) -Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and understated its customer acquisition costs. Block said the report was “factually inaccurate and misleading” and that it was exploring legal action against the short-seller. Shares of the San Francisco-headquartered company, which has a secondary listing in […]

RIO DE JANEIRO (Reuters) – At least 13 people were killed in clashes with police just outside Brazil’s seaside city of Rio de Janeiro after a raid to arrest a gang leader, police said on Thursday, marking another bloody episode in the sprawling metro area. The clashes took place in the working-class Salgueiro neighborhood in the city of Sao Goncalo, northeast of Rio de Janeiro, Brazil’s second-largest city. According to […]

By Lucy Craymer WELLINGTON (Reuters) – New Zealand Foreign Minister Nanaia Mahuta said she will discuss concerns about key regional and global security challenges when she meets with her Chinese counterpart, foreign minister Qin Gang in Beijing Friday. Mahuta arrived in China on Wednesday for a four-day trip, the first by a New Zealand minister since 2019, and has been meeting with business and women leaders before her meeting with […]

(Reuters) – NFL great Tom Brady has acquired an ownership stake in the reigning WNBA champion Las Vegas Aces, team owner Mark Davis announced on Thursday. “I am very excited to be part of the Las Vegas Aces organization,” said Brady, who won a record seven Super Bowls in his 23-year playing career. “My love for women’s sports began at a young age when I would tag along to all […]

By Stanis Bujakera and Sonia Rolley KINSHASA (Reuters) – Democratic Republic of Congo’s President Felix Tshisekedi has appointed the country’s former vice president Jean-Pierre Bemba, who was detained for over 10 years for war crimes, as the country’s defence minister in a sweeping government reshuffle. His appointment was part of an overhaul of the 57 members of government, which the president’s spokesperson said was “urgent and necessary”, in an announcement […]