Town Hall News

By David Shepardson WASHINGTON (Reuters) – U.S. regulators are allowing two more companies, UPS Flight Forward and uAvionix, to operate drones beyond visual line of sight (BVLOS), the Federal Aviation Administration said on Wednesday. UPS Flight Forward with its Matternet M2 can conduct small-package delivery using a ground-based surveillance system from Raytheon, while uAvionix can use the Vantis Network to test its detect and avoid technology, the FAA said. UPS […]

By David Shepardson WASHINGTON (Reuters) – U.S. regulators are allowing two more companies, UPS Flight Forward and uAvionix, to operate drones beyond visual line of sight (BVLOS), the Federal Aviation Administration said on Wednesday. UPS Flight Forward with its Matternet M2 can conduct small-package delivery using a ground-based surveillance system from Raytheon, while uAvionix can use the Vantis Network to test its detect and avoid technology, the FAA said. UPS […]

By Gabriela Baczynska BRUSSELS (Reuters) -The European Union’s top court on Wednesday dismissed an appeal against sanctions by Gennady Timchenko, a Russian tycoon and long-time ally of President Vladimir Putin who was targeted after Moscow’s 2022 invasion of Ukraine. The EU’s General Court, the first instance at the Luxembourg-based Court of Justice of the EU (CJEU), also threw out similar appeals by Timchenko’s wife, Elena, as well as Russian businessman […]

By Shristi Achar A and Amruta Khandekar (Reuters) -Wall Street fell on Wednesday after stronger-than-expected services sector data fueled concerns of sticky inflation and interest rates staying higher for longer, while a drop in shares of Apple further weighed down the indexes. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing PMI rose to 54.5 last month against expectations of 52.5, while a gauge of prices paid by […]

ATHENS (Reuters) – A 36-year-old man who tried to board a passenger ship as it sailed from Greece’s Piraeus port on Tuesday drowned after being pushed back by crew members off the vessel’s stern ramp, the country’s shipping minister said on Wednesday. The incident has shocked the country. Video footage released on social media showed crew members arguing with the man on the stern ramp just as the ferry was […]

By Helen Coster and Samrhitha A (Reuters) – Comcast has moved up the date for the sale or purchase of its remaining stake in Hulu to Disney to Sept. 30 this year, CEO Brian Roberts said on Wednesday. “As of September 30, after some short period of time Disney can call, we can put, and I believe that’s what will end up happening,” Roberts said. Shares of Comcast extended gains […]

By Mehr Bedi (Reuters) -Southwest Airlines on Wednesday flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices. The largest U.S. domestic carrier said August bookings were at the lower end of its expectations, in part due to seasonal trends, but maintained that overall leisure demand and yields remain healthy. Shares of […]

By Olena Harmash and Pavel Polityuk KYIV (Reuters) -At least 16 people were killed and many more were wounded in a Russian attack on a crowded market in the eastern Ukrainian city of Kostiantynivka on Wednesday as U.S. Secretary of State Antony Blinken visited Kyiv, Ukrainian officials said. Footage circulated online by presidential officials showed people falling to the ground or running for cover after a huge explosion in front […]

By Olena Harmash and Pavel Polityuk KYIV (Reuters) -At least 16 people were killed and many more were wounded in a Russian attack on a crowded market in the eastern Ukrainian city of Kostiantynivka on Wednesday as U.S. Secretary of State Antony Blinken visited Kyiv, Ukrainian officials said. Footage circulated online by presidential officials showed people falling to the ground or running for cover after a huge explosion in front […]