South Korea's exports hit record high on AI boom Share South Korea's exports hit record high on AI boom on social media South Korea's exports have surged to a monthly record amid explosive demand for chips used to power artificial intelligence. Exports jumped 83.5 percent year-on-year to $120.9bn in September, eclipsing the previous monthly record of $102.25bn set in June, preliminary customs figures showed on Thursday. Total exports from January through September hit $814.5bn, During the first nine months of the year, the country recorded a trade surplus of $49.85bn. "This is a valuable achievement that once again demonstrates the strength of our industries and companies, and is thanks to the sweat and efforts of our entrepreneurs who have competed fiercely in the global market," said Kim Jeong-kwan, South Korea's minister for trade and industry, in a statement.

The cuts will bring relief to a wide range of goods, from billiard balls to dolphins, although experts caution it’s not a major breakthrough in trade relations.

Trump and Xi summit may just be a'horse and pony show', experts say Share Trump and Xi summit may just be a'horse and pony show', experts say on social media As United States President Donald Trump rolled out the red carpet for Chinese President Xi Jinping with a rare personal welcome at the airport, to be followed by a state banquet and a military flyover, experts warn to temper expectations as the summit is more focused on "re-establishing trust" rather than having any meaningful deals announced at the end of it. The US and China have been locked in a trade war since Trump's first term as president when he introduced levies on imports of certain industrial goods, and Beijing retaliated with tariffs on a range of US exports including soya beans, pork and electric vehicles. Some of those policies continued under Trump's successor, President Joe Biden, who also introduced other measures, including curbs on chip exports. While both sides have since stepped back from that cliff after the two leaders met in late October in Busan on the sidelines of the APEC summit in South Korea, US tariffs are still at a hefty average of 36.5 percent, while China's tariffs on US goods average out to 31 percent. "This is not a bargaining summit," Reza Hasmath, academic faculty adviser at The China Institute at the University of Alberta, told Al Jazeera.

As Xi meets Trump, who's winning their trade war? Share As Xi meets Trump, who's winning their trade war? on social media Chinese President Xi Jinping is scheduled to hold talks with United States President Donald Trump at the White House during his state visit - the first by a Chinese leader in more than a decade - as the world's two largest economies are locked in an ongoing tussle over trade and artificial intelligence. Trump is expected to welcome Xi on the tarmac at Joint Base Andrews outside the US capital, Washington, DC, in a rare gesture for a high-stakes three-day visit by the Chinese leader. He ramped up tariffs on Chinese goods after returning to power in 2025, and has since imposed curbs on the sale of AI chips to Beijing as the two nations compete for supremacy in the AI race. The future of their fragile trade truce will be high on the agenda when the two leaders meet on Thursday.

Did Iran capture a US submarine? Saudi Arabia's oil exports took another blow last week when drone attacks knocked out part of the country's East-West pipeline, halting oil flow and removing 4-5 million barrels per day (bpd) of oil from global supply. It is unclear how long repairs will take, although The Associated Press estimates three to five weeks, citing two regional officials. The 1,200km (746-mile) pipeline connects the kingdom's main oil-producing fields in the east of the country with Yanbu port on the Red Sea coast in the west, allowing Saudi crude to bypass the Strait of Hormuz, which has largely remained closed since the United States-Israel war on Iran began on February 28. As the world's second-largest oil producer, Saudi Arabia's ability to keep crude flowing has significant consequences for global energy markets.

Did Iran capture a US submarine? Saudi Arabia has temporarily closed its critical East-West oil pipeline, a 1,200km (746-mile) conduit stretching across the Arabian Peninsula, after it was attacked by drones on Friday. The drones were reported to have been launched from Iraq, where an investigation is under way. No group has claimed responsibility for the strikes so far. It is understood that equipment used to operate the pipeline was also hit.

Is the war entering a new phase? Russia's jet-powered drones overwhelm Ukraine, killing dozens Share Russia's jet-powered drones overwhelm Ukraine, killing dozens on social media As the war drags on in Ukraine, its civilians are again suffering. Thirty-eight people were killed in the village of Myla on August 29, when a Russian drone attack struck an ammunition depot. Another 12 were killed in attacks across the country on September 1. Jet-powered drones numbered about 2,800 in August, said Ukraine Air Force spokesman Yurii Ihnat, compared with about 1,500 in July, several times the number launched in June. Ukraine has an interception rate of more than 90 percent against propeller-powered drones, but only 60 percent against the jet-powered variant, Ihnat said.

Did Pakistan shoot down five Indian jets? India has taken a major step towards opening one of its most sensitive areas of defence production to private companies. Defence Minister Rajnath Singh approved the transfer of technologies developed by the state-run Defence Research and Development Organisation (DRDO) for all conventional missile systems to Indian industry for domestic production, the country's Ministry of Defence said on Tuesday. Private companies will be able to compete for the technology and production rights, subject to technical qualifications, certifications and other regulatory requirements, the ministry said. The Narendra Modi-led government says the aim is to move missiles from development into mass production faster, increase domestic manufacturing and reduce India's dependence on imports.

Taiwanese authorities have indicted nine people, including employees of Nvidia and Super Micro Computer, over their alleged involvement in the illegal export of artificial intelligence servers to China. Eight of those indicted, including one employee of Nvidia's Taiwan unit and two employees of Supermicro's Taiwan unit, were charged with breach of trust and document forgery in connection with the illegal export of high-end AI servers, prosecutors in the port city of Keelung said in a statement on Monday. An additional 56 servers were seized at Taiwan's border, the statement said. Three of the defendants have been charged with embezzlement. Semiconductor powerhouse Taiwan is the world's largest producer of advanced chips used in AI applications.

To play this video you need to enable JavaScript in your browser. Figure caption, 'Trump underestimates us': Doug Ford takes aim at US over tariffs What leverage does Canada, which sells about 70% of its goods to the US, actually have in this spiralling trade dispute with its southern neighbour, who also happens to be the world's largest economy? Canada is the top customer for 26 US states, including Maine, Michigan, and Wisconsin. And it is in the top three for 45 of the 50 American states, suggesting Prime Minister Mark Carney has room to manoeuvre in a trade fight. For now, Carney's planned Canadian retaliatory duties are strategic dollar-for-dollar countermeasures focused on steel, dairy, appliances, agricultural equipment, electronics, pulp and paper - though the list is still being finalised.