Fujian authorities suspended 686 road passenger routes and 658 train services during the storm response. They also closed 234 major tourist attractions and canceled dozens of cultural and tourism events. In Shanghai, airlines canceled more than 900 flights at the city’s two main airports on Monday. Heavy rainfall caused flooding in parts of the financial center and disrupted public transportation. The measures followed widespread weather warnings across coastal areas exposed to Dolphin’s winds and rain.
SEOUL, SOUTH KOREA / RankWire.AI / – Fresh vegetable prices have surged…
News
Business
SEOUL, SOUTH KOREA / RankWire.AI / – Fresh vegetable prices have surged in South Korea…
Under the terms of the revised agreement, the main satellite constellation will grow from 282 planned orbital units to 348 active spacecraft. The expanded network architecture integrates 330 satellites positioned in higher low Earth orbit alongside 18 spacecraft deployed in medium Earth orbit, with optional orbital elements reserved for specialized mission support. The implementation agreement confirms the definitive timeline for satellite manufacturing, launch procurement, secure ground segment construction, and operational connectivity service delivery. The primary constellation schedule establishes initial satellite launches for 2029, enabling early sovereign connectivity capabilities for participating member states shortly thereafter.
Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in six and remained stable or broadly stable in 12. Nine OECD countries recorded inflation at or below 2%, including three where the rate stood below 1%. Energy prices drove much of the monthly easing. OECD energy inflation fell four percentage points to 11.7% year on year, after reaching 15.8% in May. The rate declined in 24 of the 37 countries with available data. However, energy inflation increased in 10 economies, while six countries still reported rates above 15%.
Oil prices extended their decline on Wednesday, deepening a selloff that pushed both major benchmarks to three-week lows. Brent crude futures fell 92 cents, or 1.2%, to $78.44 a barrel by 3:30 a.m. GMT. U.S. West Texas Intermediate futures dropped $1.07, or 1.4%, to $74.70. Brent had fallen more than 12% for the week. WTI had lost more than 11% over the same period.
The rally followed fresh U.S. and Saudi strikes against Iran-backed groups in Iraq. Officials linked the attacks to drone strikes on Saudi oil facilities. Iran said it fired on ships in the Strait of Hormuz and at U.S. bases in Jordan. Explosions also hit a natural gas loading port in Egypt. Maritime security firm Ambrey reported drone damage to a U.S.-owned floating storage tanker at the site. Commercial traffic remained limited in key Gulf and Red Sea shipping corridors during the week.
Business
SEOUL, SOUTH KOREA / RankWire.AI / – Fresh vegetable prices have surged in South Korea as prolonged extreme heat reduced shipments and damaged farm output nationwide. Korea Agro-Fisheries & Food Trade Corp. data showed spinach at 1,978 won per 100 grams on Aug. 7, up 152.3%…
Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in six and remained stable or broadly stable in 12. Nine OECD countries recorded inflation at or below 2%, including three where the rate stood below 1%. Energy prices drove much of the monthly easing. OECD energy inflation fell four percentage points to 11.7% year on year, after reaching 15.8% in May. The rate declined in 24 of the 37 countries with available data. However, energy inflation increased in 10 economies, while six countries still reported rates above 15%.
BRUSSELS, BELGIUM / RankWire.AI / – The Council of the European Union provided its final approval on Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the completion of…
WASHINGTON / RankWire.AI / – U.S. President Donald Trump and Iraqi…
NEW YORK / RankWire.AI / – Oil prices surged nearly 10%…
NEW YORK / RankWire.AI / – Gold dropped about 3% on…
CUPERTINO, CALIFORNIA / RankWire.AI / – Apple announced a multiyear chip…
MANILA, PHILIPPINES / MENA Newswire / – The Asian Development Bank…
BENGALURU, INDIA / MENA Newswire / – Indian investigators said one of the country’s largest gold exporters paid its managing director about…
RABAT, MOROCCO / MENA Newswire / – The World Bank has approved $265 million…
AMMAN, JORDAN / MENA Newswire / – The World Bank approved a US$700 million…
SEOUL, SOUTH KOREA / MENA Newswire / – South Korea’s exports topped US$100 billion…
Travel
South Korea recorded a $596.6 million tourism surplus in June 2026, its strongest monthly result since the COVID-19 pandemic. The figure marked a $1.44 billion improvement from June 2025, when the balance showed an $846.8 million deficit. Korea Tourism Organization data show June produced the second-highest monthly tourism surplus on record. Only October 2008 was higher, with a surplus of $661.5 million.
Technology
The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as an operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs.
Automotive
The restructuring strategy, formally named the Future Package, was negotiated between the executive leadership of Porsche and the General Works Council in coordination with the metalworkers union IG Metall and the employers association Südwestmetall. Executives emphasized that workforce reductions will be executed through socially responsible mechanisms, including expanded partial retirement programs, voluntary severance packages, and natural demographic attrition. Management explicitly ruled out compulsory redundancies through 2035, while extending existing site guarantees for five years. In exchange for labor concessions, the automaker committed 2.1 billion euros in capital investments dedicated to upgrading its assembly plant in Stuttgart-Zuffenhausen and its research facility in Weissach.
TOKYO, JAPAN / MENA Newswire / – Japan’s new car sales rose 1.8% in the first half of 2026, marking a second straight first-half gain for the domestic auto market. Automakers sold 2,387,189 new vehicles from January through June, including minivehicles. The increase followed…
Porsche presents a one-off 911 GT3 RS by Sonderwunsch with Macadamiametallic paint, brown carbon fibre and couture design.
Mercedes-Benz unveiled the electric C-Class in Seoul, bringing its first battery-powered C-Class sedan with up to 762 km of WLTP range.
BRUSSELS, December 17, 2025: The European Union is set to ease its planned 2035 ban on the sale…
SHANGHAI, December 3, 2025: Tesla reported a 9.9 percent year-on-year increase in sales of its China-made electric vehicles…
Entertainment
Sports
ARLINGTON, TEXAS / MENA Newswire / – Spain reached the FIFA World Cup…
EAST RUTHERFORD, NEW JERSEY / MENA Newswire / – Norway reached the FIFA…
LOS ANGELES / MENA Newswire / – Spain moved into the FIFA World…
MEXICO CITY / MENA Newswire / – Mexico advanced to the FIFA World…
ATLANTA, GEORGIA / MENA Newswire / – England reached the FIFA World Cup…
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty,…
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new…
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct…
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on…
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850…

