South Korea to cut planned income tax on dividend payouts, media say

South Korea's exports experienced a stronger-than-expected increase in November, driven by robust demand for semiconductors and a favorable trade agreement with the United States. This growth reflects a significant recovery in the nation's export sector, which is crucial for its economy.

Airbus has announced a major recall affecting approximately 6,000 A320 jets due to a critical software vulnerability that could be compromised by intense solar radiation. This decision follows a recent incident involving a Jetblue aircraft that raised safety concerns about the A320 fleet's flight control data integrity.

Japan's capital expenditure (capex) rose by 2.9% in the third quarter, indicating robust domestic demand and a positive outlook for the economy. This increase suggests that businesses are investing in growth, reflecting confidence in future economic conditions.

Australia's ASX has experienced a significant outage that has disrupted corporate announcements and affected its website functionality, raising concerns among investors and market analysts. This incident highlights vulnerabilities in the trading infrastructure that could impact investor confidence.

The UK services sector has experienced a significant decline in optimism, marking the fastest drop in three years, according to the Confederation of British Industry (CBI). This downturn reflects growing concerns among businesses about the economic outlook and potential challenges ahead.

Australia's Treasury Wine has announced a potential impairment of its U.S. assets, leading to a significant drop in its share price, which has now reached a decade low. This development highlights ongoing challenges faced by the company in the U.S. market, raising concerns among investors about its financial health.

UK Labour leader Keir Starmer has outlined a growth mission following the recent budget announcement, which included a £26 billion tax increase aimed at stabilizing the economy. This budget, presented by Chancellor Rachel Reeves, has sparked significant debate regarding its implications for public spending and economic stability.

Databricks is reportedly in discussions to raise capital at a valuation of $134 billion, according to The Information. This move indicates the company's ongoing efforts to secure funding to support its growth and expansion in the competitive technology market.