Town Hall News

By Allison Lampert and Abhijith Ganapavaram MONTREAL (Reuters) -Business jet maker Bombardier Inc on Thursday raised 2025 revenue and free cash targets at its investor day and said it would produce more planes, despite broader economic headwinds. Corporate jet makers have reported swelling order backlogs on persistent strong demand for private flying in the U.S. But flatter global traffic, supply chain snags and the possibility of a recession remain concerns. […]

By Jeff Mason and Nandita Bose WASHINGTON (Reuters) -U.S. Vice President Kamala Harris may not have won over America in her first two years in office, but she is staying put at President Joe Biden’s side. The first woman vice president is gearing up for another national campaign despite low poll ratings, a failure to win over the Washington establishment and concern among fellow Democrats about an underwhelming start in […]

By Lori Ewing (Reuters) -A group saying they represent more than 50 current and former Canadian fencers have joined a growing call for a Canadian judicial inquiry on maltreatment in sport, saying fear of retribution has kept them silent for nearly 20 years on what they called fencing’s toxic culture and abusive practices. “Unfortunately, we have been united by our shared experiences of abuse, neglect and discrimination,” the group, calling […]

By Divya Rajagopal TORONTO (Reuters) -The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG, a person familiar with the matter told Reuters on Thursday. Earlier this week, the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under […]

By Layli Foroudi PARIS (Reuters) – France’s National Assembly on Thursday approved the use of Artificial Intelligence (AI) video surveillance during the 2024 Paris Olympics, overlooking warnings from civil rights groups that the technology posed a threat to civil liberties. The government says algorithmic video surveillance can detect “pre-determined events”, abnormal behaviour and crowd surges, helping ensure the safety of millions of tourists who are expected to flood the French […]

By Hilary Russ NEW YORK (Reuters) -Starbucks, which has faced criticism over its opposition to union organizing, wants to be “a different kind of company” that cares for its frontline workers, new CEO Laxman Narasimhan told employees on Thursday before the coffee chain’s annual meeting. In a letter to workers, Narasimhan said Starbucks’ performance was strong but the company needs to strengthen its health. “We must care for” customer-facing staff, […]

(Reuters) – Credit Suisse AG and UBS group AG are among the banks under scrutiny in a U.S. Justice Department investigation into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg News reported on Thursday The banks were included in subpoenas sent out by the government, the report said, citing people familiar with the matter. The requests were sent by the government before the crisis which resulted in Credit Suisse’s […]

By Lori Ewing (Reuters) -A group saying they represent more than 50 current and former Canadian fencers have joined a growing call for a Canadian judicial inquiry on maltreatment in sport, saying fear of retribution has kept them silent for nearly 20 years on what they called fencing’s toxic culture and abusive practices. “Unfortunately, we have been united by our shared experiences of abuse, neglect and discrimination,” the group, calling […]

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve emergency lending to banks, which hit record levels last week, remained high in the latest week amid ongoing anxiety over the state of the financial system, Federal Reserve data released Thursday showed. The Fed reported that discount window borrowing, its main source of emergency credit to depository institutions, hit $110.2 billion as of Wednesday, down from the $152.9 billion reported […]