Town Hall News

By Nick Carey LONDON (Reuters) – Chinese battery maker Gotion High Tech is buying a 25% stake in Slovak battery maker Inobat and will provide supply chain and technology support as the startup scales up production of electric vehicle batteries, the companies said on Thursday. The companies did not disclose terms for the investment or what it means for Inobat’s valuation. The move by Gotion, partly owned by Volkswagen, is […]

By Nikunj Ohri, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – About 130,000 security officers will be deployed as India hosts the world’s most powerful leaders at a G20 summit in New Delhi this month, a showcase for Prime Minister Narendra Modi and the country’s growing presence on the world stage. The two-day summit, starting September 9, will have the most high-profile guest list India has ever welcomed, from […]

By Nikunj Ohri, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – About 130,000 security officers will be deployed as India hosts the world’s most powerful leaders at a G20 summit in New Delhi this month, a showcase for Prime Minister Narendra Modi and the country’s growing presence on the world stage. The two-day summit, starting September 9, will have the most high-profile guest list India has ever welcomed, from […]

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippines announced price ceilings for rice on Friday to protect consumers, as the rising cost of the national staple probably caused August inflation to accelerate for the first time in seven months. One of the world’s biggest rice importers, the Southeast Asian nation is cracking down on domestic price manipulation at a time of rising pressure from events […]

KYIV (Reuters) – Russian forces struck a private enterprise with a long-range cruise missile overnight in the central Ukrainian region of Vinnytsia, Ukrainian authorities said on Friday. The strike damaged property and caused an unspecified number of injuries, said Governor Serhiy Borzov. “Unfortunately, there are victims, they are being provided with all necessary assistance,” he wrote on Telegram. Kyiv’s air force said it shot down one out of two incoming […]

By Ziyi Tang, Clare Jim and Xie Yu BEIJING (Reuters) -China stepped up measures to boost the country’s faltering economy on Friday, with top banks paving the way for further cuts in lending rates and sources saying Beijing plans further action including relaxing home-purchase restrictions. As part of the support measures, Chinese authorities also reduced the amount of funds institutions need to hold in foreign exchange reserves. The measures cheered […]

By Soo-hyang Choi SEOUL (Reuters) – South Korea approved a Seoul city plan on Friday to let 100 foreign domestic workers into the country through a pilot programme aimed at boosting birth rates by helping more women rejoin the workforce. The issue sits at the confluence of South Korea’s sharply declining birthrate, aging population, and its historical reluctance to accept more immigrants. “Foreign domestic helpers could revitalise our society. Especially […]

HONG KONG (Reuters) -Hundreds of flights were cancelled in China’s Guangdong province and Hong Kong as Super Typhoon Saola moved closer to the mainland on Friday, forcing authorities to raise a strong storm advisory and closing businesses, schools and financial markets. Three tropical cyclones have formed in the northwest Pacific Ocean and South China Sea, with Saola and Haikui already labelled typhoons while Kirogi, the most distant from land, still […]

By Soo-hyang Choi SEOUL (Reuters) – South Korea approved a Seoul city plan on Friday to let 100 foreign domestic workers into the country through a pilot programme aimed at boosting birth rates by helping more women rejoin the workforce. The issue sits at the confluence of South Korea’s sharply declining birthrate, aging population, and its historical reluctance to accept more immigrants. “Foreign domestic helpers could revitalise our society. Especially […]