Town Hall News

By Nate Raymond BOSTON (Reuters) – A member of a wealthy family that has held investments and leadership roles in retailers like DSW owner Designer Brands Inc and American Eagle Outfitters Inc was sentenced on Tuesday to a year in prison for insider trading. Prosecutors had urged U.S. District Judge Douglas Woodlock in Boston to sentence David Schottenstein to nearly four years in prison, saying he and two friends made […]

LONDON (Reuters) – Britain’s former Prime Minister Boris Johnson will face hours of hostile questioning on Wednesday about whether he misled parliament over rule-breaking COVID-19 lockdown parties at a hearing where he will be fighting for his political career. Parliament’s Committee of Privileges is investigating whether Johnson, who was ousted from Downing Street in September, intentionally or recklessly misled parliament in a series of statements about the rule-breaking parties. The […]

HOUSTON (Reuters) – A former Citgo Petroleum Corp executive jailed in Venezuela for nearly five years is seeking $100 million in damages against his former employer alleging it helped set him up to be arrested and failed to defend him from spurious charges. Tomeu Vadell and family filed the lawsuit on Tuesday in a Texas state court claiming Citgo sent him to Caracas when it knew “there was an extremely […]

BEIJING (Reuters) -The death rate in China’s capital Beijing surpassed its birth rate in 2022, official data showed on Tuesday, pushing its natural population growth into negative territory for the first time since 2003. The death rate in the city of 21.84 million, one of the country’s most populous urban centres, rose to 5.72 deaths per 1,000 people, while the birth rate fell to 5.67 births per 1,000 people, official […]

By Brendan O’Brien and Brad Brooks (Reuters) -Virginia sheriff deputies and medical staffers wrestled with a handcuffed Irvo Otieno, a 28-year-old Black man, for several minutes at a state mental hospital before he died, video surveillance shows. The altercation took place on March 6 as Otieno was being admitted to Central State Hospital in Petersburg, Virginia, according to Dinwiddie County Commonwealth Attorney Ann Cabell Baskervill. Otieno’s death, which has captured […]

BEIJING (Reuters) -The death rate in China’s capital Beijing surpassed its birth rate in 2022, official data showed on Tuesday, pushing its natural population growth into negative territory for the first time since 2003. The death rate in the city of 21.84 million, one of the country’s most populous urban centres, rose to 5.72 deaths per 1,000 people, while the birth rate fell to 5.67 births per 1,000 people, official […]

HONG KONG (Reuters) – Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds, Citigroup said in a research note on Wednesday, after the Swiss authorities’ move to wipe out Credit Suisse bonds as part of its takeover deal. The challenge will be particularly acute for a large number of smaller banks in Asia more reliant on AT1s compared with Western peers due to […]

By David Shepardson WASHINGTON (Reuters) -A group of seven U.S. senators on Tuesday proposed legislation to raise the mandatory commercial pilot retirement age to 67 from 65, in a bid to address airline industry staffing issues. The legislation first proposed last year by Senator Lindsey Graham and other Republicans now includes Democrats Joe Manchin and Mark Kelly, a former Navy pilot and astronaut. The proposal, which would require pilots over […]

(Reuters) – Fintech firm Latitude Group Holdings said on Wednesday it has found further evidence of large-scale information theft affecting former and current customers across Australia and New Zealand, sending its shares sharply lower. The Australian digital payments and lending firm said it was attempting to identify the number of customers affected and the type of personal information stolen by the hacker. “Our focus remains firmly on containing this attack, […]