Economic News

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.

BRUSSELS (Reuters) – Euro zone industrial output was stronger than expected in February, data showed on Thursday, mainly thanks to a rise in production of capital and non-durable consumer goods.

LONDON (Reuters) – U.S. President Joe Biden did not discuss the leak of intelligence documents with British Prime Minister Rishi Sunak when the two men met in Northern Ireland this week, White House press secretary Karine Jean-Pierre said on Thursday.

(Reuters) -Former U.S. president Donald Trump has arrived in Manhattan for a deposition before New York’s attorney general Letitia James, he said on Thursday in a post on his social media platform, Truth Social.

By Ben Blanchard TAIPEI (Reuters) – Taiwan President Tsai Ing-wen said on Wednesday that her recent overseas trip, which included the United States, showed the world Taiwan’s determination to defend freedom and democracy, even as the prompted China to stage war games around the island.

SINGAPORE (Reuters) – Zurich-based Julius Baer has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday.

BEIJING (Reuters) – China’s exports posted a surprise surge in March, with outbound shipments rising 14.8%, snapping five months of decline, while imports fell a smaller-than-expected 1.4%, customs data showed on Thursday.