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Economy
Germany’s cabinet approves 2026 budget with record investment of $146.41 billion
Asia
South Korea’s GDP grows 0.6 percent in Q2 2025 driven by strong private consumption, exports

Wales tourism tax approved: What visitors need to know before 2027

Wales tourism tax approved: What visitors need to know before 2027

Welsh finance secretary Mark Drakeford defended the move, highlighting that tourist levies are common across the globe

Economy
U.K.’s GDP falls 0.3 percent in April 2025, biggest monthly drop since October 2023
Economy
NVIDIA to build world’s first industrial AI cloud in Germany
Asia
China’s consumer price index declines in May 2025 as export growth hits three-month low

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Technology

South Korea fund

South Korea to establish $34.4 billion fund to support advanced industries

The funds will be offered to companies in national strategic industries in the form of cheap loans and other investments over the next five years

Features

‘Jollof Wars’ in West Africa: Economic reforms in Nigeria and Ghana are stirring the pot

‘Jollof Wars’ in West Africa: Economic reforms in Nigeria and Ghana are stirring the pot

Significant competition between the two nations is unfolding over economic reforms resulting from political transitions

Pioneering the electric dream: How Chinese EVs herald a shift in global manufacturing’s balance of power

Pioneering the electric dream: How Chinese EVs herald a shift in global manufacturing’s balance of power

EV penetration levels reached up to 67.9 percent in Shenzhen in 2023, nearly double the national average of 35.7 percent

IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy

IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy

How International Financial Institutions (IFIs) can help countries navigate economic challenges

Visa’s CEMEA President Andrew Torre on getting ready for the next wave of digital disruption

Banking & Finance

Visa’s CEMEA President Andrew Torre on getting ready for the next wave of digital disruption

Businesses need to be agile, adapt their strategies and invest in digital infrastructure

Lifestyle

Sri Lanka to introduce visa fee waiver for 40 nations in major tourism push

Sri Lanka to introduce visa fee waiver for 40 nations in major tourism push

Sri Lanka has set an ambitious target of drawing 3 million tourists and generating $5 billion in tourism revenue in 2025

Wales tourism tax approved: What visitors need to know before 2027

Wales tourism tax approved: What visitors need to know before 2027

Welsh finance secretary Mark Drakeford defended the move, highlighting that tourist levies are common across the globe

Japan tourism: Record 33 million foreign visitors welcomed in first 11 months of 2024

Japan tourism: Record 33 million foreign visitors welcomed in first 11 months of 2024

The data highlights Japan's pandemic recovery and reflects broader trends influencing the future of international travel

China logs 110 million inbound, outbound travelers in July and August 2024

China logs 110 million inbound, outbound travelers in July and August 2024

On August 24, China logged the highest daily number of inbound and outbound travelers at nearly 2.24 million

9.11 million foreign tourists visit South Korea during January and July 2024, up 66.8 percent

9.11 million foreign tourists visit South Korea during January and July 2024, up 66.8 percent

This figure represents 97 percent of the tourist levels recorded in July 2019, prior to the COVID-19 pandemic

China’s 20 key tasks aim to revive consumer spending across entertainment, tourism and more

China’s 20 key tasks aim to revive consumer spending across entertainment, tourism and more

The tasks urged increased credit support for critical areas of service consumption to reinvigorate weak domestic demand

Spain fines Booking.com over 6 million for alleged anti-competitive practices

Spain fines Booking.com over $446 million for alleged anti-competitive practices

Booking.com will appeal the "unprecedented" decision, arguing it offers valuable programs to support accommodation partners