Bloomberg Business

Taiwan will offer 500,000 tourists a cash or discount incentive this year as it tries to shore up its post-pandemic travel industry and boost spending.

The global economy is in a better place today than many predicted months ago, US Treasury Secretary Janet Yellen said Thursday, while reiterating her calls for support to Ukraine on the eve of the one-year anniversary of Russia’s invasion.

Axa SA unveiled plans to repurchase as much as €1.1 billion ($1.2 billion) of its shares as the insurer announced 2022 underlying earnings that rose and said it expects to surpass one of its key financial targets by the end of the year.

Eni SpA posted a record annual profit due to high oil and gas prices, despite its fourth quarter missing estimates.

South Africa’s finance minister said the government will resist pressure to implement politically popular but unaffordable policies, including the introduction of a basic income grant, before next year’s elections.

PLDT Inc. is considering the sale of a significant minority stake in its data center assets, according to people familiar with the matter, as the Philippines’ largest telecommunications firm grapples with the fallout from a spending scandal.

Indonesians should save less money and spend more on shopping, concerts and sporting events so that consumption can drive stronger economic growth, President Joko Widodo said.

Hong Kong’s biggest developer posted a 36% decline in first-half profit, hurt by Covid restrictions and a population outflow.

UK electricity generator Drax Group Plc almost doubled its profits last year as it locked in soaring power prices driven by Europe’s energy crisis.