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South Korea alongside African partner nations is set to unveil a comprehensive framework for economic cooperation, emphasizing artificial intelligence and technology-led progress, during the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. Celebrating two decades of partnership, this key event

– In August, South Korea’s foreign exchange reserves experienced a record monthly increase, reaching $442.28 billion at the end of the month. The Bank of Korea reported a rise of $14.33 billion from $427.95 billion at the close of July.

– South Korea’s consumer inflation climbed to 3.1% in August compared to the same month last year, according to official figures. The increase follows a 2.8% rise in July, pushing the inflation rate back above 3%. Consumer prices also saw

South Korea’s outbound shipments saw a 68.7% increase compared to the previous year in August, totaling $98.25 billion. This surge was primarily driven by ongoing global demand for high-performance memory chips and infrastructure for artificial intelligence. Data published by the

– Prime Minister Narendra Modi commended India’s 7.8% expansion in the April to June period of fiscal 2026-27. The latest official statistics indicated that activity remained robust across sectors such as manufacturing, services, consumption, and investment. Modi described this growth

– Japanese stocks came under sharp pressure Monday as the Nikkei 225 dropped nearly 2% in early trading. The benchmark fell 1.97% to 65,096.63 and later touched an intraday low of 64,832.10. Technology shares led much of the decline as

– Indonesia has formalized a new partnership between its investment and sports authorities aimed at boosting commercial activities within the country’s sports industry. On August 28, Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir

– A five-year wheat supply deal worth up to US$500 million has been officially enacted between the UAE and Egypt. Al Dahra Agriculture Trading will deliver imported wheat to Egypt’s General Authority for Supply Commodities under this arrangement. The purchases

– Oil prices increased on Tuesday after both primary crude benchmarks experienced declines exceeding 2% the previous day. By 0330 GMT, Brent crude had risen by 27 cents to $92.44 a barrel, while U.S. West Texas Intermediate gained 37 cents

– Alibaba Group has announced the pricing of a HK$80 billion share placement as it boosts spending on artificial intelligence and cloud infrastructure development. The Chinese tech giant will issue 710 million new ordinary shares at HK$112.70 each. Based on