Town Hall News

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S. banks. The move set the U.S. central bank’s benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections […]

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S. banks. The move set the U.S. central bank’s benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections […]

By Dietrich Knauth (Reuters) – Johnson & Johnson said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court refused to reconsider its ruling that the bankruptcy was improper. J&J sought to use the bankruptcy of its subsidiary company, LTL Management, to halt more than […]

By John Kruzel and Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices on Wednesday sniffed around for a way to resolve a dispute over a dog toy parodying a Jack Daniel’s whiskey bottle, though they clearly did not consider the case – exploring the boundary between creative expression and trademark infringement – an easy walk in the park.  The justices heard arguments in Jack Daniel’s appeal of a lower court’s […]

LONDON (Reuters) – Britain’s Prince William made an unannounced trip to Poland on Wednesday to thank British and Polish troops involved in providing support to Ukraine, before meeting refugees who have fled the conflict with Russia to hear of their experiences. The heir-to-the throne travelled to Rzeszow in southeast Poland where he was to meet the country’s Defence Minister, Mariusz Blaszczak, and speak to members of the Polish defence force […]

LONDON (Reuters) – Britain’s Prince William made an unannounced trip to Poland on Wednesday to thank British and Polish troops involved in providing support to Ukraine, before meeting refugees who have fled the conflict with Russia to hear of their experiences. The heir-to-the throne travelled to Rzeszow in southeast Poland where he was to meet the country’s Defence Minister, Mariusz Blaszczak, and speak to members of the Polish defence force […]

By Andrew MacAskill, Alistair Smout and Michael Holden LONDON (Reuters) -Boris Johnson said “hand on heart” he did not lie to parliament over rule-breaking COVID-19 lockdown parties as the former British prime minister fought for his political career at a hearing with lawmakers on Wednesday. Parliament’s Committee of Privileges is investigating whether Johnson, who was ousted from Downing Street in September, intentionally or recklessly misled the House of Commons in […]

By Andrew MacAskill, Alistair Smout and Michael Holden LONDON (Reuters) -Boris Johnson said “hand on heart” he did not lie to parliament over rule-breaking COVID-19 lockdown parties as the former British prime minister fought for his political career at a hearing with lawmakers on Wednesday. Parliament’s Committee of Privileges is investigating whether Johnson, who was ousted from Downing Street in September, intentionally or recklessly misled the House of Commons in […]

By Ismail Shakil OTTAWA (Reuters) – Canada’s population increased by more than a million people for the first time in history in 2022, almost entirely due to a surge in immigrants and temporary residents, Statistics Canada said on Wednesday. Total population grew by a record 1.05 million people to 39.57 million in the twelve months to Jan. 1, 2023, and about 96% of the rise was due to international migration, […]