Town Hall News

By Neil Jerome Morales MANILA (Reuters) – President Ferdinand Marcos Jr said on Wednesday that four new military bases under a defense agreement with the U.S. would be located in various parts of the Philippines, including in a province facing the South China Sea. Last month, Marcos granted the U.S. access to four sites, on top of five existing locations under the 2014 Enhanced Defense Cooperation Agreement (EDCA), which comes […]

(Reuters) – Tencent Holdings reported a drop in annual revenue for the first time ever, as China’s economic slowdown due to the pandemic and a long-running regulatory crackdown took a toll.  The world’s largest video game company and the operator of the WeChat messaging platform turned in a revenue of 554.55 billion yuan for 2022, down 1% from a year earlier. Analysts on an average expected Tencent’s revenue to drop […]

By Neil Jerome Morales MANILA (Reuters) – President Ferdinand Marcos Jr said on Wednesday that four new military bases under a defense agreement with the U.S. would be located in various parts of the Philippines, including in a province facing the South China Sea. Last month, Marcos granted the U.S. access to four sites, on top of five existing locations under the 2014 Enhanced Defense Cooperation Agreement (EDCA), which comes […]

(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 […]