Town Hall News

By Steve Scherer OTTAWA (Reuters) – Canada will introduce in its budget next week a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, two government sources familiar with the document said on Thursday. The tax credit for capital investments in manufacturing equipment will be a “significant piece” of a bundle of measures aimed at putting Canada’s green-transition effort on the same level […]

By Kanishka Singh (Reuters) – Canadian police on Thursday arrested a teenage male in Montreal, citing “allegations of terrorism” based on U.S. FBI intelligence. “Based on intelligence from the Federal Bureau of Investigation (FBI), this morning RCMP officers arrested Mohamed Amine Assal, 18, of Ville Saint-Lauren,” the Royal Canadian Mounted Police said. Police said their operation was aimed at disrupting Assal’s “suspicious activities” and making him sign a peace bond. […]

By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Thursday said Donald Trump will get an anonymous jury in rape accuser E. Jean Carroll’s upcoming defamation trial, citing the threat of juror harassment, including by supporters of the former U.S. president. Saying “this is a unique case,” U.S. District Judge Lewis Kaplan in Manhattan said the names, addresses and places of employment of prospective jurors for the former […]

By Manya Saini (Reuters) -Hindenburg Research on Thursday disclosed short positions in Block Inc and alleged that the payments firm led by Twitter co-founder Jack Dorsey overstated its user numbers and understated its customer acquisition costs. The U.S. short-seller, behind a market rout of over $100 billion in India’s Adani Group, said in its report that former Block employees estimated that 40% to 75% of accounts they reviewed were fake, […]

By Henriette Chacar JERUSALEM (Reuters) – Israel’s defence chief will call on Prime Minister Benjamin Netanyahu to halt his disputed judicial overhaul, Israeli media reported, in a move that could herald a split in the right-wing government as nationwide protests ramped up on Thursday. Tens of thousands of Israelis took to the streets, intensifying a months-long campaign decrying the proposed overhaul. Police trying to clear a highway in Tel Aviv […]

By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina ordered public sector bodies on Thursday to sell or exchange their holdings of 11 sovereign dollar bonds in a bid to reorganize its debt as inflation soared above 100% and its foreign reserves dropped. A presidential decree in Argentina’s official gazette said public sector bodies would have to sell or auction five local law dollar bonds maturing between 2029 and 2041, and […]

By Ludwig Burger (Reuters) -Sanofi’s asthma drug Dupixent met all targets in a trial to treat “smoker’s lung”, potentially adding billions to the French drugmaker’s growth prospects, but also underscoring a heavy reliance on its bestseller. In a late stage trial Dupixent, jointly developed with Regeneron, led to a 30% reduction in moderate or severe acute exacerbations of chronic obstructive pulmonary disease (COPD), a potentially deadly disease marked by progressive […]

By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies’ hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two decades for U.S. tech giants to contribute to 5G […]

By Evan Garcia and Dan Fastenberg MCCAMEY, Texas (Reuters) – Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, according to a top trade group, citing the rise in the miners’ power demands. Bitcoin miners consume about 2,100 megawatts of the state’s power supplies, said Lee Bratcher, president of industry group Texas Blockchain Council. That power usage rose 75% last year and […]