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South Korea's job market surge with 234,000 new jobs contrasted by record-high youth unemployment among 15-29 year olds.
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South Korea adds 234,000 jobs in February; youth unemployment hits 5-year high

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South Korea added 234,000 jobs in February, marking the fastest on-year growth in five months, though youth employment slumped and construction losses persisted. Youth unemployment for ages 15-29 reached 7.7 percent, the highest for any February since 2021. The total number of employed people rose 0.8 percent to 28.41 million, per Ministry of Economy and Finance data.

Apple har tillkännagett partnerskap med Bosch, Cirrus Logic, TDK och Qnity Electronics för att producera komponenter i USA. Avtalen är en del av ett åtagande på 600 miljarder dollar till amerikansk tillverkning fram till 2030, där 400 miljoner dollar är öronmärkta för detta initiativ. Satsningen syftar till att skapa jobb och expandera produktionen i 10 delstater under fyra års tid.

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One morning in December, Zhang Li arrived at Everwin Toys in Dongguan to find a notice on the factory gates announcing production halt due to over 40% revenue decline from shrinking toy demand and global economic changes. Like her 2,000 colleagues, she had worked there for more than 15 years since her early 20s. “Now I’m in my 40s,” she said. “Where will I find my next job?”

Ethiopia's Electric Power has achieved 80% of its electrification development targets using domestic suppliers. This effort supports the green economy and expands local investment. Anwar Abare, head of communications, shared these details with Fana Digital.

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Tyska Siemens Energy satsar 1 miljard dollar för att stärka USA:s elkraftsinfrastruktur och utöka tillverkningen i flera delstater. Beskedet på tisdagen väntas skapa 1 500 kvalificerade jobb mitt i ökande energibehov från artificiell intelligens. Företagsledningen krediterar Trumpadministrationens politik för tillväxten.

China's vice minister of industry and information technology, Zhang Yunming, said at a January 22 press conference that the number of AI firms exceeded 6000 in 2025, with the core industry expected to surpass 1.2 trillion yuan. The sector highlighted how advanced manufacturing and AI-driven industries provided strong momentum for growth, boosting manufacturing value added by 5.9%.

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The Egyptian Customs Authority and the National Telecom Regulatory Authority (NTRA) announced the end of the exceptional customs exemption for mobile phones brought by passengers from abroad on Wednesday. Exemptions for phones owned by Egyptians residing abroad and tourists will remain for 90 days. The decision implements the governance system for imported mobile phones, effective from January 2025.

 

 

 

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