Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone 
South Korea will intensify investments in digital infrastructure to cope with the rate that the coronavirus pandemic is accelerating digitalization, says Finance Minister Hong Nam-ki.
The focus of investments would include big data services, such as its Data Dam project, and next-generation telecom.
The Data Dam project aims to collect and integrate information provided by public and private sectors to create useful data that can be shared via 5G networks.
It is part of the Digital New Deal, one of two key pillars that constituting the Moon administration’s New Deal package.
In July, South Korea announced that it would invest 160 trillion won to create 1.9 million jobs by 2025.
It would feature 28 projects that will increase state investment in artificial intelligence and 5G telecommunication services while transforming fossil fuel-reliant economy into an eco-friendly one.
The projects are meant to establish the groundwork for economic growth while cushioning the economic impact of the pandemic and hastening recovery.
