Town Hall News

ATHENS (Reuters) – Greece’s leftists will receive an official mandate on Tuesday to form a coalition government after an inconclusive national election, but are expected to seek a second vote instead. The conservative New Democracy party romped to victory with 40.8% of the vote in Sunday’s poll which sent the leftist Syriza into a tailspin after taking 20.1% of the vote. Greek Prime Minister Kyriakos Mitsotakis, a member of New […]

By Mathieu Rosemain PARIS (Reuters) – Slawomir Krupa has one clear mission when he takes over at Societe Generale on Tuesday: remake France’s third-largest lender as a top-tier bank with a distinct identity. The 48-year-old, who has spent his whole career at SocGen, must perform a tricky balancing act, improving returns for shareholders without taking undue risk against a shaky backdrop for bank stocks. “It’s very important to clarify (things), […]

NEW DELHI (Reuters) -India will make tests mandatory for cough syrups before they are exported, a government notice showed on Tuesday, after Indian-made cough syrups were linked to the deaths of dozens of children in Gambia and Uzbekistan. Any cough syrup must have a certificate of analysis issued by a government laboratory before it is exported, effective June 1, the government said in a notice dated May 22 and shared […]

By Alexandra Schwarz-Goerlich and John O’Donnell VIENNA/FRANKFURT (Reuters) – Raiffeisen Bank International (RBI) is stepping up moves to hand its money-spinning Russian arm to shareholders, three people familiar with the matter said, amid mounting pressure to cut its ties to Moscow. Austria’s second-largest bank is making preparations for a spin-off after months of unsuccessfully trying to find a buyer to defuse a row over its Russian business, in order to […]

By Emma Farge GENEVA (Reuters) – Negotiations on new rules for dealing with pandemics are underway at the World Health Organization (WHO), with a target date of May 2024 for a legally binding agreement to be adopted by the U.N. health agency’s 194 member countries. A new pact is a priority for WHO chief Tedros Adhanom Ghebreyesus who called it a “generational commitment that we will not go back to […]

BENGALURU (Reuters) – India’s cricket board (BCCI) said on Tuesday its kit sponsorship deal with Adidas would run until March 2028 and that players would wear the new apparel for the first time when they face Australia in the World Test Championship final next month. BCCI secretary Jay Shah, who confirmed the deal with the German sportswear giant on Monday, said Adidas would design and manufacture jerseys, kit and other […]

By Nathan Howard WASHINGTON (Reuters) – The U.S. Secret Service said it had detained the driver of a rented box truck that crashed into security barriers near the White House on Monday night, perhaps intentionally, but that there were no injuries or ongoing danger. A Reuters witness said investigators found a Nazi swastika flag that apparently came from inside the truck, which crashed into barriers at Lafayette Square, adjacent to […]

By Yuka Obayashi and Andrew Hayley BEIJING (Reuters) -Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns over the risk of a U.S. debt default capped gains. Brent crude futures rose 35 cents, or 0.46%, to $76.34 a barrel by 0630 GMT while U.S. West Texas Intermediate (WTI) crude was […]

PESHAWAR, Pakistan (Reuters) -Islamist militants stormed a natural gas and oil extraction plant in northwest Pakistan on Tuesday, killing four police and two private guards, police said. The attack by up to 50 militants took place at a plant run by the MOL Pakistan Oil and Gas Company in Hangu district near the Afghan border, said police official Irfan Khan. No group has claimed responsibility. The company did not immediately respond […]