Browsing: Business

– South Korea’s monthly exports reached a record $115.3 billion in October, up 93.7% from a year earlier, as semiconductor sales surged. Data released on Sunday by the Ministry of Trade, Industry and Resources showed chip exports alone soaring 259%

– Kenya aims to raise its annual coffee output to 150,000 metric tonnes, with new climate-resilient varieties expected to play a central role. Production is projected at about 60,000 metric tonnes in the 2025/2026 season, well short of that target.

– Germany’s new electric vehicle registrations surged 58% to 604,000 in the first nine months of 2026, helping lift global battery-electric vehicle registrations to a record 11 million, according to PwC. Worldwide registrations rose 12% over the period, driven mainly

– Brent crude rose above $115 a barrel on Wednesday as traders reacted to reports of possible renewed US strikes on Iran. Brent futures climbed $1.48, or 1.3%, to $115.36 by 01:40 GMT, while US West Texas Intermediate crude rose

– Microsoft is offering a voluntary exit package to about 27% of its workforce as it seeks to fund a costly AI infrastructure expansion while protecting capital efficiency. The offer, announced on Monday, applies to certain employees in the United

– South Korea’s current account surplus reached $116.63 billion in the second quarter, the second-largest among major economies after China, central bank data showed. The surplus was larger than those of Germany and Japan combined, Yonhap News Agency reported. China

– In September, Japan experienced its 13th consecutive month of export growth, yet a faster increase in imports resulted in a trade shortfall of 536.6 billion yen. Data from the Ministry of Finance indicated that exports rose 16.7% year on

– According to data released on Wednesday by the Korea Customs Service, South Korea’s outbound shipments surged significantly in the first 20 days of October, with overall exports reaching $61.6 billion. Semiconductors led this growth, accounting for 44.7% of total

– On Friday, oil prices experienced a significant rise, with Brent crude reaching $110 per barrel for the first time since May. Fears that escalating tensions in the Middle East could tighten supply further fueled the rally. Brent for December

– During the first eight months of 2026, Egypt saw a record $33.9 billion in remittances from citizens working abroad, according to the Central Bank of Egypt on Tuesday, October 13. This amount reflects a 27.2% increase from $26.6 billion