Business
– South Korea’s semiconductor exports surged 222.5% year on year to $27.5 billion in the first 20 days of October, driving total exports to $61.6 billion. Overall outbound shipments more than doubled from the same period last year, according to
– Oil prices climbed sharply on Friday, with Brent crude touching $110 a barrel for the first time since May. Worries that escalating Middle East tensions could further tighten supplies drove the rally. Brent for December delivery settled up $3.94,
– Egypt received a record $33.9 billion in remittances from citizens working abroad during the first eight months of 2026. The Central Bank of Egypt said on Tuesday, October 13, that inflows rose 27.2% from $26.6 billion a year earlier.
South Korea and African partner nations will launch a major economic cooperation framework focused on artificial intelligence and technology-driven development at the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. The upcoming ministerial gathering marks the 20th anniversary of the
South Korea’s consumer inflation accelerated to 3.1% in August from a year earlier, official data showed. The rate increased from 2.8% in July and moved back above 3%. Consumer prices also rose 0.2% from the previous month. The Ministry of
Prime Minister Narendra Modi praised India’s 7.8% economic growth in the April to June quarter of fiscal 2026-27. The latest official data showed that economic activity remained firm across manufacturing, services, consumption and investment. Modi described the growth rate as