LG Electronics reported Q3 revenue of KRW 23.827 trillion, up 8.9% YoY, and operating profit of KRW 781.8 billion, up 13.5% YoY, below market expectations of over KRW 1 trillion. Home appliances and auto parts remained stable, TV benefited from OLED high-end demand and growth in emerging markets, while HVAC — positioned as a new growth engine — saw margins compress due to higher expenses. Seoul-listed shares fell more than 8% intraday after the results.

The World Bank urged Guinea to channel revenues from the Simandou iron-ore project—the world’s largest deposit—into economic diversification and resilience, World Bank vice president for West and Central Africa Osman Diagana said in Conakry on Monday. Diagana said officials should focus not just on export volumes but on how Simandou can create jobs, investment and new economic opportunities, calling the project a historic chance to shift the economy. Simandou began production in November last year; Guinea exported 6.8 mln t of iron ore from the concession in 1H. The IMF expects mining-led growth to lift GDP from 6.7% in 2025 to 8.7% this year and 9.3% next year.

European Commission president von der Leyen said exporters to the EU will get an additional year to comply with forthcoming EU methane-emissions rules, moving enforcement originally due Jan 2027 to Jan 2028. The rules require EU oil and gas importers to report methane emissions from their suppliers. von der Leyen said the extension is intended to help firms avoid extra costs amid elevated energy prices tied to conflicts in the Middle East and Ukraine.