South Korea’s consumer prices rose 3.1% in August from a year earlier, official data showed. Fuel costs remained a major source of price pressure during the month. Mobile phone service charges also recorded a sharp annual increase. Underlying inflation strengthened in August, with core consumer prices rising 3.4% from a year earlier. Industrial product prices rose 3.7%, service prices advanced 3.7%, and insurance premiums increased 13.4%. Agricultural, livestock, and fishery product prices fell 2.6%, helped by lower vegetable and fruit prices.
Author: newsplus.me
Japan is expanding its fight against investment fraud with a new system that uses artificial intelligence to spot warning signs earlier. The Consumer Affairs Agency announced the package on September 1. It will analyze consumer complaints for language and patterns linked to fraudulent schemes and failing businesses. The package says AI will supplement existing keyword searches and support earlier alerts, investigations and enforcement when complaint data indicate serious risks.
Egypt and China mark 70 years of diplomatic relations with a visit from Chinese President Xi Jinping to Cairo. The agenda includes talks on strengthening bilateral relations, the Comprehensive Strategic Partnership, and consultations on regional and international issues. Economic ties are a major part of the relationship, with bilateral trade reaching about $20.78 billion in 2025. Chinese investment in Egypt includes projects in various sectors, including the Suez Canal Economic Zone and electric transport infrastructure.
Korea’s August exports jump 68.7% to $98.25 billion as Asia’s fourth-largest economy extends its trade expansion streak for a 15th consecutive month. Semiconductor exports, the primary driver of national trade performance, soared 209% year-on-year to an all-time high of $46.65 billion. Energy and chemical sectors also contributed to monthly top-line gains. Petroleum product exports climbed 65.3% year-on-year to $6.84 billion, while petrochemical exports advanced 12.2% to $3.86 billion. The growth in chip shipments was fueled by sustained capital expenditure programs among major global technology operators expanding data center networks and enterprise AI hardware deployments.
The Ministry of Statistics and Programme Implementation put real gross domestic product at ₹81.36 lakh crore for the quarter. That compared with ₹75.46 lakh crore in the same period a year earlier. Nominal GDP reached ₹88.27 lakh crore, up 10.3% from ₹80 lakh crore. Real gross value added, another measure of economic activity, increased 8.2% to ₹73.82 lakh crore. Nominal GVA rose 11.5% to ₹80.53 lakh crore. Manufacturing grew 9.2% during the quarter, while financial, real estate and professional services expanded 12.1%. Agriculture, livestock, forestry and fishing grew 3.6%. Household consumption increased 7.1%, maintaining its role as a major component of domestic demand. Investment also strengthened, with gross fixed capital formation rising close to 12% from a year earlier. Its share of nominal GDP reached 34.3%, compared with 31.4% in the corresponding quarter last year.
The August 31 meeting covered political ties, trade, defence, energy, space, mobility and contacts between people. Modi and Putin also discussed regional conflicts and cooperation through major multilateral forums. The talks marked their first in-person meeting of 2026 and continued a series of high-level exchanges between India and Russia. The two leaders last met in New Delhi during the 23rd India-Russia Annual Summit in December 2025. Their latest talks reviewed progress across the Special and Privileged Strategic Partnership that guides bilateral relations. India and Russia maintain extensive cooperation in areas ranging from energy supplies and defence to technology and space. Both governments have also sought to expand trade and investment while addressing logistics, payment systems and other issues affecting commercial ties.
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 investors reacted to higher bond yields and tighter interest rate expectations. The broader Topix also weakened early, falling 0.84% to 4,111.71. Japanese government bond yields rose at the same time, adding pressure to rate sensitive parts of the equity market.
China’s digital industry generated 20.71 trillion yuan in revenue during the first half of 2026, up 13.6% from a year earlier. Total profit reached 1.79 trillion yuan, an increase of 19.3%. China’s Ministry of Industry and Information Technology said the sector’s revenue growth accelerated by 4.1 percentage points from the same period last year. The industry’s profit margin reached 8.6%, up 0.7 percentage point. China’s largest digital industry centers accounted for most of the national total. The 10 leading provincial-level markets generated 17.21 trillion yuan in combined revenue, up 13.2%. They represented 83.1% of national digital industry revenue and contributed 87% of overall revenue growth. Central China recorded 2.86 trillion yuan in digital industry revenue, an increase of 28.3% from a year earlier.
Messi said he reached the decision after extensive consideration following Argentina’s 2026 World Cup final against Spain. He wrote his retirement message on July 21, two days after the final in New Jersey. Messi later said the death of his father, Jorge Messi, in August reinforced his decision to publish the message. He described leaving the national team as painful while stressing the pride he felt representing Argentina. Messi also thanked teammates, coaches, family members and supporters who accompanied him throughout his international career.
The report says almost 19% of the world’s children now live in conflict zones. That compares with about 10% during the 1990s. By the end of 2024, conflict and violence had displaced 48.8 million children worldwide. The total was nearly triple the roughly 17 million recorded in 2010. It includes refugee and asylum-seeking children, along with millions uprooted within their own countries by conflict and violence. Climate hazards are adding another layer of risk for children around the world. Nearly half of all children, or 1.1 billion, face at least three overlapping climate hazards. Almost every child faces at least one such hazard, according to UNICEF’s 2026 climate risk assessment. More than 4 million children face as many as six overlapping threats. The hazards include drought, extreme heat, heatwaves, floods, fires, tropical storms and sand and dust storms.