For the fourth consecutive month a trade deficit has been posted driven by decline in exports to China, high energy prices and the spiraling import prices of raw materials; the cumulative deficit for Jan-July 2022 is the highest in 66 years

Authorities warned that false terror threats, popular on April Fools’ Day, can trigger panic and major security responses; Police reminded that such hoaxes are punishable offenses, urging the public to avoid pranks that misuse emergency resources

24 million barrels of crude oil from the UAE have been secured amid global energy tensions linked to the Iran conflict; The deal includes emergency purchase options and plans for closer supply chain cooperation to prevent disruptions

To boost rural tourism, a half-price travel subsidy program will be launched, offering government-backed discounts on accommodations and local experiences to encourage domestic travel and support struggling regional economies

Former President Yoon Suk Yeol was sentenced to life in prison, charged with leading an insurrection as he imposed martial law for a few tumultuous hours on 3 December 2024; some argue it is a sign of a healthy democracy