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UK debt pile exceeds £3 trillion one week before Healey’s Budget

The size of the UK public debt topped £3 trillion in September for the first time in official data released one week before John Healey’s Budget. The major milestone reflects the difficulties facing the Chancellor ahead of his maiden fiscal statement. Public sector debt rapidly climbed over the pas six years, exceeding £2 trillion in June [...]

UK debt pile exceeds £3 trillion one week before Healey’s Budget

We haven't written up this one. City AM has the full story — the link below goes straight to it.

Read the original at cityam.com →

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Korean Air Short-Haul Fuel Surcharges Outpace Costs

An analysis has found that consumers traveling on short-haul Korean Air routes to Japan and China are paying fuel surcharges that are more than 30% higher than actual fuel consumption would warrant.

  • Fuel surcharges on Korean Air short-haul routes exceed actual fuel consumption costs.
  • Fuel surcharge standards unchanged since 2016 despite efficiency improvements.
  • Recalculated surcharges 30.1% lower than actual amounts charged.

Hyundai Electric Buses Arrive in Bali

Korean-made electric buses and charging facilities are set to be introduced in Bali, one of Indonesia’s leading tourist destinations.

  • Hyundai electric buses and chargers arrive in Bali for eco-friendly pilot project
  • 11 buses and 6 fast chargers deployed at Bajra Sandhi Monument
  • Initiative showcases Korea's green industry to compete with Chinese BYD

Steel Urges South Korea To Lead Indo-Pacific

The U.S. government has issued an official recommendation that South Korea should move beyond being merely a beneficiary in the Indo-Pacific region and exercise leading leadership.

  • South Korea urged to lead Indo-Pacific, not just benefit
  • Ambassador Michelle Park Steel recommends stronger US-Korea partnership
  • Trilateral cooperation with US, Japan, and Korea stressed

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