South Korea’s fourth-quarter GDP fell short of estimates, growing at a six-quarter low of 1.2% year on year due to weakness in consumption and the construction sector. The economy also missed expectations on a quarter-on-quarter basis, expanding by just 0.1%. The Bank of Korea warned of downside risks to economic growth, with a subdued outlook for 2025 amidst ongoing political uncertainties and a sluggish construction sector.
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Where hosepipe ban for millions comes into place today
Southern Water has implemented a hosepipe ban affecting Hampshire and the Isle of Wight, effective from 9 am today, due to critically low water levels amid prolonged dry weather. Residents face fines for violating the ban, which aims to conserve water during a time when the UK's reservoirs are significantly depleted, with ongoing drought conditions impacting agriculture and water supply infrastructure. Explain It To Me Like I'm 5: Southern Water has imposed a hosepipe ban...
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