Economic News

By Soo-hyang Choi SEOUL (Reuters) – The bereaved families of 10 South Koreans who won court cases over being forced to work under Japanese colonial rule have accepted compensation proposed by Seoul as it seeks to mend ties with Tokyo, South Korea’s foreign ministry said on

ROME (Reuters) – Italy plans to raise borrowing by some 8 billion euros ($8.8 billion) this year and next to fund aid measures mainly focused on cutting taxes for employees, the Treasury said.

LONDON (Reuters) – The G20’s financial watchdog on Thursday recommended a blueprint for banks to report cyberattacks in a common format in a bid to speed up responses to hacking and limit the fallout on financial stability.

MILAN (Reuters) – Stellantis has managed to preserve a strong pricing power in North America, its CEO Carlos Tavares told shareholders on Thursday, in contrast with signs of pricing power declining for global automakers, with possible impacts on margins.

By Nidal al-Mughrabi GAZA (Reuters) – In the hour before sunset during Ramadan, Gaza’s roads become choked with cars as people dash home in time to break their fast with their families.

NEW DELHI (Reuters) – India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian government data released on Thursday showed, while imports from Russia surged.

By Ariba Shahid KARACHI, Pakistan (Reuters) -Honda Atlas Cars Pakistan Ltd on Thursday announced a 15-day extension to its longest plant shutdown this fiscal year, citing the country’s economic crisis, restrictions on opening letters of credit for imports, and halting foreign payments.

KYIV (Reuters) – Ukraine’s state-owned gas company Naftogaz on Thursday said Russia has been ordered by an arbitration court in The Hague to pay $5 billion in compensation for unlawfully expropriating its assets in annexed Crimea in 2014.

WASHINGTON (Reuters) – Half of U.S. Republicans think a federal court was motivated by politics when it ordered the suspension of government approval for a widely used abortion pill, a Reuters/Ipsos poll completed on Wednesday found.

A look at the day ahead in U.S. and global markets from Mike Dolan

By Tarek Amara TUNIS (Reuters) – Tunisia’s coastguard has recovered 15 more bodies of migrants, bringing the death toll from a shipwreck off Tunisia to 25, a security official told Reuters on Thursday.

By Allison Lampert and Abhijith Ganapavaram

By Timothy Aeppel, Ben Klayman and Nichola Groom

HONG KONG (Reuters) – Chinese ride-hailing giant Didi Global showed off a robotaxi concept car it called “Didi Neuron” during a company event broadcast online on Thursday, which has robotic arms that can help passengers pick up bottles of water or carry their luggage.

By Mimosa Spencer PARIS (Reuters) – Luxury shoppers in the United States are curtailing purchases of high-end fashion and leather goods, LVMH’s first-quarter sales report showed, adding to evidence that a strong, months-long, post-pandemic splurge may be ending.

HONG KONG (Reuters) – Shares of embattled Chinese property developer Sunac China fell 38% on Thursday morning after the stock resumed trade following a suspension of more than a year.

By Devjyot Ghoshal BANGKOK (Reuters) – Tens of thousands of revellers, including hordes of foreign tourists sporting floral shirts and plastic water guns, descended on the streets of Bangkok on Thursday for the biggest traditional new year gathering since the pandemic.

MILAN (Reuters) – Former Italian Prime Minister Berlusconi is continuing to show an improvement in his health but he remains in intensive care, the Milan hospital treating him for leukaemia and a lung infection said on Thursday.

By Tim Kelly TOKYO (Reuters) – Japan on Thursday stood by a North Korean missile launch warning that led millions of residents to take cover from debris that most likely fell into the sea hundreds of miles away, saying “safety is our top priority”.

PARIS (Reuters) – Renault on Thursday announced a long-term commercial partnership with French start-up Verkor for the supply of electric batteries with an overall capacity of 12 GWh per year, including for Renault’s future compact Alpine model.