Economy · Important news for 1 September 2026
South Korea Plans Record Budget Expansion Powered by Chip Tax Windfall
South Korea announced a record expansion in state spending for next year, directing $117 billion of semiconductor-fueled tax windfalls into an AI investment fund.
- South Korea is planning record state spending for next year.
- Over $117 billion from semiconductor tax windfalls will fund an AI investment drive.
Tim Cook steps down as Apple CEO after 15 years
Japan's 2-year yield hits 31-year high and its impact on the yen carry trade
France Borrowing Costs Hit Near 2008 Highs Amid Sovereign Debt Concerns
India’s Economy Grows Faster Than Expected at 7.8%
Japan Ministries Seek Record Budget as Yields Hit 30-Year High
Brazil Unveils 2027 Budget With Surplus Target That Markets Doubt
RBI’s Short Dollar Book Surges to Record on Diaspora Deposits
UK Shop Price Inflation Hits Two-Year High After Energy Spike
Chinese manufacturing activity declines for second consecutive month
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