Town Hall News

By Tom Sims, Noele Illien and Stefania Spezzati ZURICH (Reuters) -Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank. Switzerland’s government announced on Tuesday that Credit Suisse was ordered to “temporarily” suspend “already granted but deferred variable remuneration” – like shares – awarded in the years up to 2022. The government said that it […]

By Elizabeth Pineau and Ingrid Melander PARIS (Reuters) -French President Emmanuel Macron is looking to regain the initiative with new reforms in the coming weeks after his government barely survived a no-confidence motion on Monday over an unpopular pension bill, a source said. Some in Macron’s own camp have warned him against continuing business as usual amid violent protests and rolling strikes that represent the most serious challenge to the […]

NAIROBI (Reuters) – A Kenyan judge on Tuesday temporarily blocked the mass redundancy of some 260 Facebook content moderators working for an outsourcing company contracted by the social media site’s parent company Meta, court documents show. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, preventing them from terminating the content moderators’ contracts at the end of March, pending a judgement on the legality […]

KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Tuesday he would join an upcoming G7 summit in Japan via an online link following an invitation from Japanese Prime Minister Fumio Kishida. He made the remark during a joint briefing in Kyiv with Kishida. Japan is due to host the summit in Kishida’s hometown of Hiroshima in May. (Reporting by Dan Peleschuk, Editing by William Maclean) Brought to you by […]

By Mike Scarcella (Reuters) – Microsoft Corp on Monday won dismissal of a private consumer antitrust lawsuit over its $69 billion proposed purchase of “Call of Duty” maker Activision Blizzard Inc, but the plaintiffs were given 20 days to refine their legal challenge. A federal judge in San Francisco ruled that the lawsuit from a group of video game plaintiffs “lacks allegations” supporting their claim that the proposed acquisition would […]

N’DJAMENA (Reuters) – A court in Chad sentenced more than 400 rebels to life in prison on Tuesday over the death of former president Idriss Deby, who was killed on the frontline of a battle against their group in 2021, their lawyer said. The trial of 465 members of the Libyan-based Front for Change and Concord in Chad (FACT) rebel group started on Feb. 13 in the capital N’Djamena. The […]

By Karen Freifeld and Luc Cohen NEW YORK (Reuters) -Workers erected barricades around a Manhattan courthouse on Monday as New York City braced for a possible indictment of Donald Trump over an alleged hush-money payment to porn star Stormy Daniels during his 2016 campaign. It would be the first-ever criminal case against any U.S. president. On Saturday, Trump urged followers on social media to protest what he said was his […]

By Alan Baldwin MANAMA (Reuters) – Red Bull’s Sergio Perez set the pace in the first practice session of the Formula One season in Bahrain on Friday with Aston Martin’s Fernando Alonso denying the champions a one-two on the timesheets. Perez lapped the Sakhir circuit with a best time of one minute 32.758 seconds on soft tyres, 0.438 quicker than Spaniard Alonso, with reigning champion Max Verstappen third and a […]

By Paul Lienert MARYSVILLE, Ohio (Reuters) – Honda Motor Co is moving rapidly to catch up with electric-vehicle competitors in global markets, but the company’s top executive said combustion engines could last through 2040 and beyond. Regarding the Japanese automaker’s accelerating transition to EVs, Chief Executive Toshihiro Mibe said, “I’ve been in the engine development business for more than 30 years, so personally it’s a little threatening. But I have […]