latest news in economy
South Korea Stocks Drop Sharply as Tech Shares Fall and Energy Costs Rise
Seoul, Monday, 12 October 2026.
The KOSPI index plunged 3.65 percent on October 12, 2026, driven by chipmaker sell-offs and Middle East tensions, despite Samsung’s record quarterly operating profit forecast of 107.4 trillion won.
Data Center Construction Drives US Economic Growth as Traditional Building Falls
Washington, Monday, 12 October 2026.
Data center construction surged 64.5 percent between August 2025 and 2026, acting as the sole engine of US expansion while traditional sectors, including manufacturing and residential building, sharply contracted.
IMF Spending Cut Mandates Leave Emerging Economies Twice as Vulnerable to Middle East Oil Shocks
Washington, Monday, 12 October 2026.
New analysis shows developing nations under IMF austerity face double the risk from Middle East war shocks, as mandated budget cuts severely limit their ability to protect citizens.