Business
– Microsoft said on Monday it is offering voluntary buyouts to a wide range of employees as it balances a costly artificial intelligence infrastructure build-out with capital efficiency. The new voluntary exit offer covers certain workers in the United States,
– South Korea posted the second-largest current account surplus among major economies in the second quarter, exceeding the combined surpluses of Germany and Japan. The country’s surplus reached $116.63 billion in the April-June period, according to central bank data reported
– In the first seven months of 2026, trade between Russia and Oman experienced a remarkable 22-fold increase, totaling $1.5 billion, according to Russian Security Council Secretary Sergei Shoigu. He shared these figures on Tuesday, October 20, during a meeting
– In the initial 20 days of October, South Korea’s total exports surged to $61.6 billion, more than doubling compared to the same period last year, driven primarily by record semiconductor shipments. The Korea Customs Service announced these figures on
– Brent oil prices reached $110 a barrel on Friday, marking the first time since May, as escalating tensions in the Middle East fueled fears of tighter supplies. Brent futures for December settlement increased by $3.94, or 3.7%, to close
– Remittances sent home by Egyptians working abroad surged by 27.2% in the first eight months of 2026, reaching a record $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13. During the same period in