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South Korea Investment Strain
South Korea says it cannot afford the $350 billion upfront investment demanded by the U.S. as part of a tariff reduction deal. Officials argue such a cash outlay could trigger a financial crisis, and instead propose structured alternatives like loans and equity. Talks remain stalled as Seoul seeks safeguards like currency swaps.
Colombian President Visa Revoked
The U.S. State Department revoked Colombian President Gustavo Petro’s visa after he urged American soldiers to disobey orders during a pro-Palestinian protest in New York. Petro, attending the UN General Assembly, called the Gaza conflict a genocide and accused the U.S. of violating international law.
Inflation Ticks Up
August’s PCE data shows headline inflation rising to 2.7% year-over-year, with core inflation holding at 2.9%. While the figures align with forecasts, they highlight persistent price pressures. The Fed is still expected to cut rates in October, balancing inflation control with a weakening labor market.
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