South Korea's tourism balance hit a record post-pandemic surplus of $596.6 million in June, driven by the popularity of K-pop and local culture, ending 72 consecutive months of deficits.
Yonhap News Agency reports on South Korea's record June current account surplus, U.S. Marines conducting FPV drone drills in Pocheon, President Lee's heat wave mobilization orders, PPP criticism over criminal procedure laws, and a 4% stock market drop.
Stablecoin issuer Tether reported a $1.5 billion net operating profit in Q2, primarily from US Treasury holdings. The company maintained over 60% of the global stablecoin market, with its USDt supply increasing despite broader market contraction.
Recent advancements in quantum dot qubits and diamond defect-based qubits demonstrate potential for scalable quantum computing, with IBM acquiring HRL Laboratories' technology and Saxon Q achieving high-fidelity qubits at room temperature.
Aston Villa has secured Chelsea winger Alejandro Garnacho on a season-long loan with a conditional obligation to buy, marking their third summer signing. This transfer occurs as Villa navigates a busy window and faces a UEFA fine for breaching squad-cost rules.
La Grecia, un tempo in difficoltà economica, ha visto una rinascita grazie a nuove regole fiscali e riforme strutturali. Ora vanta un surplus di bilancio primario e solidità economica, secondo l'FMI.
The IEA's forecast for a global oil surplus in 2027 is threatened by renewed US-Iran hostilities. Despite a June supply rebound after the Strait of Hormuz reopened, future projections are uncertain. Refined product markets remain tight due to refinery issues and Ukrainian attacks.
South Korea recorded its largest-ever monthly current account surplus of $38.61 billion in May, driven by a significant surge in semiconductor exports. This marks 37 consecutive months of surplus.
US-Iran indirect talks in Qatar led to a memorandum of understanding, facilitating the reopening of the Strait of Hormuz and causing global oil prices to fall. Concerns about an oil glut are rising due to China's reduced imports and increased global production, despite the fragile truce and upcoming US sanctions expiry.
Andy Burnham's vision for 'stronger public control' over water and energy faces complexities. While Welsh Water's not-for-profit model offers insights, its performance is mixed. Nationalizing large utilities like Thames Water or energy firms presents significant financial and operational hurdles, suggesting a pragmatic approach focusing on enhanced local authority involvement may be more feasible.
New South Wales' latest budget freezes public transport fares for a year and cuts vehicle registration by $100, aiming to ease cost-of-living pressures ahead of the March 2027 election. The state forecasts a $2.3bn deficit in 2026-27, with gross debt projected to exceed $200bn.
Queensland's Treasurer David Janetzki aims to prevent a credit rating downgrade despite a budget deficit and projected borrowings exceeding $200bn in three years. The budget forecasts a surplus in 2029-30, after years of deficits, boosted by higher coal royalties.
Italian PM Giorgia Meloni responded forcefully to US President Donald Trump's public criticism, calling his claims invented and stating her popularity suffers from their association. The dispute highlights tensions over Italy's defense spending and trade surplus with the US, and signals a potential shift in the relationship between the Italian right and MAGA.
ECB President Christine Lagarde urged global leaders to discuss the undervaluation of the Chinese currency, citing it as a factor in global economic imbalances. She noted Europe's struggle to compete with cheaper Chinese goods and dismissed the idea of a new Plaza Accord.
Aluminium prices are expected to remain high in the short term due to ongoing Middle East disruptions, projected to extend into 2027. However, increased supply from Indonesia and China is anticipated to create a market surplus next year, leading Goldman Sachs to maintain a bearish stance for the medium term.
Suite à un accord entre les États-Unis et l'Iran, le PDG de Rystad Energy prévoit un rétablissement rapide de la production pétrolière au Moyen-Orient et un excédent massif de l'offre dès 2028, grâce à la résilience des marchés et à l'augmentation des capacités de stockage.
South Korea's current account surplus with the US decreased to $111.42 billion last year, marking the first decline in six years, primarily due to a wider service account deficit. Surpluses with China and Japan also widened.
Oil prices dropped as the US and Iran signed an interim agreement to end the Iran war, reopen the Strait of Hormuz, and lift sanctions on Tehran's oil. This deal aims to resolve a major energy supply disruption, with WTI Crude trading at $76.10 and Brent Crude at $78.86.
La Cour administrative de Nantes condamne l'État à réparer le préjudice écologique causé par les algues vertes en baie de Saint-Brieuc et à réduire les déversements d'azote.
A surge in apartment construction has created a renter's market in some US cities, with landlords offering incentives like free rent. However, this trend is not uniform, with cities like Chicago experiencing significant rent increases due to high demand and limited supply.
Russia's current account surplus fell to $20.1 billion in January-April 2026 from $21 billion in the same period of 2025, according to the Bank of Russia. The surplus in April 2026 rose to $6.7 billion.
The US is in advanced talks with five companies to convert surplus plutonium into fuel for new nuclear reactors, driven by rising power demands from data centers. While companies see economic viability and an alternative to disposal, experts raise concerns over high security costs and terrorism risks associated with the dangerous material.
Russia's foreign trade surplus fell 3.36% YoY to $43.1 bln in Jan-Apr 2026. Exports rose to $135.4 bln, imports to $92.3 bln, increasing trade turnover by 4.83% to $227.7 bln.
L'articolo critica l'aumento dei dazi e l'abiura della cooperazione tra Paesi, evidenziando come la Cina stia scaricando il suo surplus produttivo all'estero. L'UE è esortata a unirsi per evitare di soccombere.
