Economy, Climate & environment
121 storiesSouth Korea forecasts a cold, windy Oct. 6 with a 15C day-night temperature gap
South Korea's weather agency forecast a chilly, clear Oct. 6 with morning lows of about 3-14°C and a day-night temperature gap of roughly 15°C in most regions. Gangwon's inland and mountain areas were expected near or below 5°C, with winds …
Supreme Court hears Boulder climate suit as justices question both sides
The Supreme Court heard nearly two hours of arguments Monday on whether the city and county of Boulder, Colorado, can sue Exxon Mobil and Suncor Energy in state court to recover costs tied to climate change. Conservative justices questioned…
Earliest cold wave advisory issued for Gangwon's Taebaek, Pyeongchang mountains
South Korea's Korea Meteorological Administration issued a cold wave advisory for the mountain areas of Taebaek and Pyeongchang in Gangwon Province, effective at 9 p.m. on Oct. 5. Yonhap and the Dong-A Ilbo described it as the earliest cold…
Japan August real wages rise 1.5% year on year, eighth straight monthly gain
Japan's real wages rose 1.5% in August from a year earlier, the eighth consecutive monthly increase and the first streak of that length in about 10 years, the health ministry's preliminary monthly labour survey showed. Nominal total cash ea…
US August trade deficit rises 13.7% to $105.6bn, largest since March 2025
The US goods and services trade deficit widened 13.7% in August from the previous month to $105.6bn, the largest gap since March 2025 and above the $102bn Dow Jones consensus, according to the Commerce Department. Imports reached a record $…
Hong Kong again rated world's freest economy by Fraser Institute
Canada's Fraser Institute released its Economic Freedom of the World 2026 report on October 6, rating Hong Kong again as the world's freest economy. Among five assessment categories, Hong Kong kept first place in freedom of international tr…
US August trade deficit widens 13.7% to $105.6 billion, second straight monthly increase
The US trade deficit in goods and services rose 13.7% in August from the previous month to $105.6 billion, the second consecutive monthly expansion, the US Commerce Department said. Exports increased 1.4% to $315.2 billion and imports rose …
Korea forecasts clear, chilly weather with 15-degree day-night temperature swing
South Korea's official forecast and local outlets predicted mostly clear skies for Tuesday, Oct. 6 and Wednesday, Oct. 7, with cold mornings and a day-night temperature difference of about 15 degrees Celsius. Tuesday's forecast included mor…
US August trade deficit widens to $105.6bn, highest since March 2025
The US goods and services trade deficit rose to $105.6 billion in August, the Commerce Department said, above the $102.0 billion expected and the highest level since March 2025. Imports grew 4.3% on the month to $420.8 billion, while export…
UAE-EAEU economic partnership agreement enters into force
The Economic Partnership Agreement between the UAE and the Eurasian Economic Union entered into force on Tuesday, covering Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The two sides will grant preferential access across more than 86…
South Korea's FX reserves fall $1.72bn in September on US investment funding
South Korea's foreign exchange reserves stood at $440.56bn at the end of September, down $17.2bn from $442.28bn a month earlier, the Bank of Korea said on Oct 6 — the first decline in four months. The central bank cited a fall in financial …
Foreign investment banks raise South Korea 2026 growth forecast to 3.5%
Eight major overseas investment banks now expect South Korea's economy to grow 3.5% in 2026 on average, up 0.2 percentage points from a month earlier, according to the International Finance Center. All eight forecast growth of at least 3%, …
Jeju forecast mostly clear Tuesday, with strong winds and high seas warned
Jeju is expected to be mostly clear on Tuesday, October 6, under high pressure, with strong winds and high seas. The Korea Meteorological Administration warned that winds could reach about 15 meters per second, or 20 m/s in mountainous area…
Chungbuk forecast to be mostly clear on Oct. 6, daytime highs of 20–22°C
North Chungcheong Province (Chungbuk) is forecast to be largely clear on Oct. 6, with daytime highs of 20–22°C, according to items published by Yonhap at 06:15 and Newsis at 06:30 local time. The Newsis item carried the same weather headlin…
US August trade deficit widens to $105.6 billion, widest since March 2025
The U.S. trade deficit rose to $105.6 billion in August, up 13.7% from July and the widest monthly gap since March 2025, the Commerce Department reported Tuesday. Imports rose 4.3% while exports rose 1.4%, with gains in crude oil, gold and …
Daegu and North Gyeongsang forecast clear, daytime highs of 20-24C
Daegu and North Gyeongsang Province were expected to be mostly clear on Oct. 6, with daytime highs of 20 to 24 degrees Celsius, according to local weather reports. Yonhap reported 5 a.m. temperatures of 14.1C in Daegu, 13.9C in Pohang, 9.3C…
Hong Kong imports of Russian gold hit record as flows shift to China
Hong Kong's imports of Russian gold reached a record 112.7 tonnes from January to July 2026, CNBC reported, exceeding the whole of the previous year and many times the 2021 level. Russian gold accounted for almost 15% of Hong Kong's non-mon…
Russia's trade with CIS countries exceeded $110bn in 2025, Kremlin aide says
Presidential aide Yuri Ushakov said Russia's trade turnover with CIS countries exceeded $110 billion in 2025, and that mutual trade rose a further 12% in the first half of 2026, according to Vedomosti. He also said a stable financial infras…
Three typhoons head toward Japan as Oct 10-12 holiday travel period nears
Three typhoons are active near Japan at the same time: No. 29 Koguma, which formed at 09:00 on Oct 5 about 2,560 km east of Guam, plus No. 27 Choi-wan and No. 28 Nolo, both described as “very strong”. Japanese and Korean forecasts put the s…
World Bank keeps Russia's 2026 GDP growth forecast at 0.8%
The World Bank kept its forecast for Russian economic growth in 2026 at 0.8%, according to its updated outlook for the Europe and Central Asia region. It expects growth of 0.7% in 2027 and 0.7% in 2028, slowing from 1% in 2025, citing weake…