Business
– Samsung Electronics is set to become the first South Korean company to hold more than 200 trillion won ($146.6 billion) in cash assets, lifted by an AI-driven chip supercycle. Its cash and short-term financial assets are estimated at 214.8
– Global food prices declined in October, though they remained 5.9% higher than a year earlier, the Food and Agriculture Organization of the United Nations (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in the
– Egypt’s net international reserves rose to a record $57.5 billion at the end of October 2026, up $151.6 million from September, according to data released by the Central Bank of Egypt (CBE). Reserves stood at $57.4998 billion at the
– Botswana’s diamond-dependent economy is showing signs of recovery after a two-year slump, with fiscal authorities raising this year’s growth forecast to 3.8% from an initial 3.1%. The upgrade reflects stronger diamond production in the first half of the year.
– Gold and silver prices jumped on Wednesday, while the US dollar fell, as projections pointed to major Democratic gains in the US midterm elections. Spot gold rose 3.4% to $4,061.30 an ounce, and spot silver climbed 5.1% to $52.29
– Indonesia recorded a cumulative trade surplus of $10.61 billion from January to September 2026, driven mainly by strong non-oil and gas exports, Statistics Indonesia (BPS) said on Monday. Non-oil and gas trade generated a surplus of $34.21 billion, more
– Half of Africa’s 20 largest banks are building a multi-billion-shilling war chest to expand in Kenya, racing for a share of one of East Africa’s most profitable financial services markets. The lenders are injecting fresh capital into their Kenyan
– South Korea’s exports jumped 93.7% from a year earlier to a record $115.3 billion in October, driven largely by a sharp rise in semiconductor shipments. The Ministry of Trade, Industry and Resources released the data on Sunday. Imports rose
Health
– Yellow fever has killed 18 people across nine African countries this year, the World Health Organization said, warning that outbreaks are continuing. A total of 67 confirmed cases were recorded between January 1 and October 12, 2026. The cases
