World News

China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410 tonnes. This move aims to reduce reliance on US dollar assets amid rising geopolitical and financial risks, with private demand for gold also soaring as households seek secure savings options.

Armenia has formalised a strategic partnership with the United States, as Prime Minister Nikol Pashinyan prepares for parliamentary elections amid rising pro-Russia sentiment. The agreement, signed by US Secretary of State Marco Rubio and Armenian Foreign Minister Ararat Mirzoyan, includes a framework for critical minerals and a transit corridor.

Israeli airstrikes on the village of Mashghara in the Bekaa Valley have resulted in at least 12 fatalities and additional injuries, according to Lebanon’s state-run National News Agency. The attacks, described by the Israeli military as targeting over 100 Hezbollah sites, coincide with escalating tensions and a fragile ceasefire.

Starbucks Korea has experienced a “very significant” decline in sales following backlash over its marketing campaign referencing the 1980 Gwangju Uprising. Shinsegae Group chairman Chung Yong-jin publicly apologised, emphasising accountability for the incident, as public calls for boycotts escalate in response to the controversy.

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