Economic News

HOUSTON (Reuters) – Chevron Corp (CVX.N) paid Chief Executive Michael Wirth $23.6 million last year, a 4% increase from a year before, according to securities filings released on Wednesday.

By Hyonhee Shin and Minwoo Park SEOUL (Reuters) – Every Saturday a group of young South Koreans gathers in Incheon just west of Seoul to talk about their battles with drug abuse, seeking sympathy and support in often emotional exchanges.

WARSAW (Reuters) – Poland is skeptical about French attempts to organise talks between Ukraine and Russia, the Polish foreign minister said on Thursday.

By Josh Ye HONG KONG (Reuters) – After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status

(Reuters) – Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, reported on Thursday a 16.4% rise in first-half operating profit.

By Renju Jose SYDNEY (Reuters) -Australia’s northwest region, home to the world’s largest export hub for iron ore, could be hit by the most powerful tropical cyclone there in a decade as ports cleared ships and residents rushed to stock up on essential supplies.

KYIV (Reuters) – Ukraine’s gross domestic product (GDP) fell by 29.1% in 2022 as Russia’s full-scale invasion battered the economy, the state statistics service said late on Wednesday.

OTTAWA (Reuters) – Canada and South Korea plan to launch talks on an information security agreement to facilitate intelligence-sharing and promote security ties, a Canadian government source said on Thursday.

By Huw Jones LONDON (Reuters) – KPMG has been fined 875,000 pounds ($1.09 million) for its audit of lighting manufacturer Luceco for its financial year to Dec. 31, 2016, Britain’s accounting watchdog said on Thursday.

By Jamie McGeever ORLANDO, Florida (Reuters) – If small businesses are the bedrock of the U.S. economy, last month’s banking shock has given us a pretty good idea of where the epicenter of any looming recession will be.

MOSCOW (Reuters) – Alexei Moskalyov, a Russian man who was jailed for “discrediting the Russian army” after his daughter Masha drew anti-war pictures at school has been extradited from Belarus to Russia, state-owned news agency RIA reported, citing a Belarusian official.

ZURICH (Reuters) – UBS has hired JPMorgan to explore a possible IPO of Credit Suisse’s domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday.

By Balazs Koranyi WASHINGTON (Reuters) – European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate is not yet settled, according to five sources with direct knowledge of the

KAMPALA (Reuters) – When Frank Mugisha came out two decades ago, being gay in Uganda could be lonely and uncomfortable, but it was rarely a matter of life and death.

By Aftab Ahmed NEW DELHI (Reuters) -India’s financial crime-fighting agency has opened an investigation into alleged violations of foreign exchange rules by the BBC, a source told Reuters on Thursday, months after tax officials searched the broadcaster’s Mumbai and Delhi offices.

LONDON (Reuters) – Britain’s economy failed to grow as expected in February but a bounce in January was stronger than first thought, official data showed on Thursday.

By Sonia Rolley KINSHASA (Reuters) – Congolese women and children have been raped and subjected to other abuses during a mass expulsion of migrant workers from Angola to Democratic Republic of Congo, a doctor, officials and the United Nations said.

(Reuters) – Swiss fragrance and flavour maker Givaudan on Thursday reported quarterly like-for-like sales above expectations, saying it started the year with good business momentum while maintaining operations and global supply chain at a high level.

MOSCOW (Reuters) – Russia plans to ban shares in defence companies from so-called “unfriendly” countries from being traded on Moscow exchanges, business newspaper Vedomosti reported on Thursday, citing a senior member of the country’s parliament.

(Reuters) – Pakistan will struggle to break out of a cycle of ongoing debt repayments without reform, former Pakistan Prime Minister Imran Khan told the Financial Times in an interview.