– Rising fertiliser and fuel prices linked to the US-Israel war on Iran could cut harvests across Africa next year, a senior UN trade official has warned. Luz Maria de la Mora of UN Trade and Development (UNCTAD) told Al
Business
– 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
– Bilateral trade between Russia and Oman reached $1.5 billion in the first seven months of 2026, its highest level in a decade, according to Sergei Shoigu. The Secretary of Russia’s Security Council said trade had increased 22-fold over the
– Japan’s exports rose for a 13th straight month in September, but faster growth in imports left the country with a trade deficit of 536.6 billion yen. Preliminary figures from the Ministry of Finance showed exports up 16.7% year on
– 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,
Travel
– Türkiye has set its sights on becoming the sixth-highest-earning tourism country in the world, according to its 2027 central government budget draft. Anadolu Agency reported that the draft allocates $244.5 million to tourism, compared with $188.4 million this year.
– Malaria has killed 22 people in Namibia’s Zambezi Region this year, as cases since January reached 33,944, health authorities said. Three clinics, Muyako, Choi and Sesheke, have emerged as the main hotspots. They accounted for 49% of the 706
