
South Korea’s October Exports Rise 93.7% as AI Chips Lead Growth
Exports reached $115.28 billion in October, the second-highest monthly total on record, as semiconductor demand and a favourable working-day comparison lifted annual growth.

Exports reached $115.28 billion in October, the second-highest monthly total on record, as semiconductor demand and a favourable working-day comparison lifted annual growth.

China’s official manufacturing gauge fell back into contraction in October. Weaker orders contrasted with resilience among larger and high-technology producers.

Four policymakers backed a pause and three wanted an increase, as rising fuel costs and stubborn underlying inflation complicated the bank’s decision.

Barclays says it will reduce its global workforce by around 5,000 this year as technology-led cost savings gather pace, even as third-quarter profit rises.