SEOUL / WAM The Republic of Korea logged a current account surplus for the seventh straight month in November on the back of an increased trade surplus, Yonhap News Agency quoted the Bank of Korea (BOK) as saying. The country’s current account surplus reached $4.06 billion in November, narrowing from the surplus of $6.8 billion the previous month, according to …

BLOOMBERG In the industrial hub of Wuxi near Shanghai, car owners recently took part in China’s largest experiment to rewire the grid and take advantage of its world-leading fleet of electric vehicles. Instead of charging up after plugging in, 50 EVs did it the other way around. For 30 minutes, the cars combined to feed around 2 megawatts of electricity …

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has launched the UAE Labour Market Observatory. It is designed to provide periodic data and information in both Arabic and English on various competitiveness indicators of the UAE labour market, outputs of the policies set to regulate it, and information about innovative services, programmes, and initiatives, along with other …