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May 7, 2026

Daily News Briefing — 2026-05-07

The Korea Fair Trade Commission has ordered reforms for unfair terms in the performing arts sector, while diplomatic ties remain active, including the 14th Korea-Japan Security Policy Consultations. Norway’s sovereign wealth fund reported a 4.2% return in 2026 thanks to market recovery, though firms like Barclays predict no Fed rate cuts this year due to high energy prices caused by the U.S.-Iran conflict.

8 min read/15 sources

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