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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Israeli strike on Gaza City school kills 27, health ministry says
At least 27 Palestinians, including children, were killed in an Israeli air strike on a school in Gaza City serving as a shelter for displaced families. The Israeli military stated they targeted Hamas fighters in a command center, not mentioning the school, as part of their expanded ground offensive, leading to a total of 1,163 deaths in recent weeks. Hamas rejected Israel's new ceasefire proposal, pushing for a plan involving hostage releases, prisoner exchanges, aid...
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