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Region
Africa
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Africa
China pledges $51 billion in funding to Africa for infrastructure, job creation
China will provide Africa with RMB360 billion of financial support in the next three years, including RMB 210 billion in credit lines
Africa
China’s lending to Africa rises for the first time in seven years in 2023, reaches $4.61 billion
Between 2000 to 2023, Chinese lenders provided 1,306 loans amounting to $182.28 billion to 49 African governments and 7 regional borrowers
Africa
$30 million data centre inaugurated in Congo to catalyze digital economy
The 400-rack capacity facility is expected boost DRC's digital landscape
Africa
Senegal’s first satellite is in orbit: A collaborative effort to harness space technology for socio-economic progress
The move aims to enhance natural resource management and disaster preparedness
Africa
Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement
The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring
Africa
Microsoft, G42 launch $1 billion digital ecosystem initiative for Kenya
Initiative includes building state-of-the-art data center campus in Olkaria, Kenya
Asia
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Asia
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 travelÂ
Asia
China’s logistics sector grows 52.8 percent in November as economic recovery signals strength
This represents an increase of 0.2 percentage points compared to October 2024Â
Asia
China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion
Foreign exchange reserves remain steadily above $3.2 trillionÂ
Asia
China’s consumer inflation slows to five-month low in November
The producer price index fell 2.5 percent year-on-year in November, a slower decline than the 2.9 percent in October
Asia
China’s industrial profits top $814 billion in Jan-Oct
Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month Â
Asia
China’s foreign trade grows 4.6 percent YoY in October, reaching $5 trillion in ten months
Exports amounted to $2.93 trillion, up 5.1 percent YoY, and imports totaled $2.14 trillionÂ
Europe
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Europe
London Heathrow to invest $3 billion in upgrades over next two years
The airport invested £1.1 billion in 2024 and benefited over 1,100 supply chain partners in the UK
Banking & Finance
EU research and development spending reached $400.4 billion in 2023: Eurostat
This represents a 6.7 percent increase over 2022
Economy
Euro area unemployment rate steady at 6.3 percent in October 2024
In October 2024, there were around 12.971 million people unemployed in the EU
Europe
U.K. house prices rise 3.9 percent to record high in October
London continues to have the most expensive house prices in the U.K., now averaging £543,308
Banking & Finance
European Council to mobilize $100 billion annually in climate finance through 2025
The council reaffirmed its commitment to climate finance and aims for new targets beyond 2025.
Economy
U.K. International Investment Summit to boost global trade, investment ties
Summit to feature senior executives from leading tech companies
Saudi Arabia
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Features
Exclusive interview with Chris Newman, Executive Director, NEOM Hotel Development
With 95% of the land protected for nature, NEOM offers incredible biodiversity
United Arab Emirates
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Economy
U.S. consumer confidence at six-month high in August despite lingering labor market fears
In August, U.S. consumer confidence declined among consumers under 35 while it increased for those 35 and older
Europe
Sweden’s trade surplus grows to $640 million in July 2024
Non-EU trade surplus hit SEK 22.7 billion during this period
Logistics
Apple’s iPhone sales jump 52 percent in China during April 2024
Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units
Economy
U.S. annual inflation slows to 3.4 percent in April, monthly CPI up 0.3 percent
The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)
Features
Exclusive Interview with Sheikha Bodour bint Sultan Al Qasimi, leading Sharjah to new horizons
City renowned for being people-centric, entrepreneurial, sustainable and culturally vibrant
Cars & Boats
The Gulf Craft Majesty 160 is the newest composite superyacht by the UAE shipyard
Mono-hull yacht setting a new standard in maritime luxury
United States
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Logistics
U.S. trade deficit falls 11.9 percent to $73.8 billion in October
Imports fell 4 percent to $339.6 billion, marking the biggest decrease since November 2022
Economy
U.S. economic growth unrevised at 2.8 percent in Q3 2024
The current‑dollar GDP of the U.S. increased 4.7 percent at an annual rate to $29.35 trillion
Economy
U.S. hosts record 1.12 million international students, adding $50 billion to economy in 2023/2024
Despite competition from the U.K., Canada, and Australia, the U.S. remains the top choice for international students
Banking & Finance
Fed’s Powell says no need to hurry in lowering interest rates amid stronger U.S. economy
Economy's recent performance has been 'remarkably good, by far the best of any major economy in the world'.
Banking & Finance
Fed’s Powell signals cautious approach to future interest rate cuts
Powell said the results of Tuesday's presidential election would have no 'near-term' impact on U.S. monetary policy
Economy
U.S. weekly jobless claims rise marginally as job growth stalls in October
Unadjusted U.S. weekly jobless claims rose 5.4 percent to 212,274 in the week ending November 2
Worldwide
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Asia
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 travelÂ
Asia
China’s logistics sector grows 52.8 percent in November as economic recovery signals strength
This represents an increase of 0.2 percentage points compared to October 2024Â
Asia
China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion
Foreign exchange reserves remain steadily above $3.2 trillionÂ
Banking & Finance
Mastercard to repurchase up to $12 billion shares under new program
The company also announced a quarterly cash dividend of 76 cents per share
Logistics
South Korea’s ICT exports surpass $20 billion for four consecutive months
Record high semiconductor exports drove the industry’s growth
Technology
Australia orders $5.1 million penalty on Kraken operator for unlawful credit facility issuance
Bit Trade ignored its design and distribution obligations until ASIC intervened, revealing compliance deficiencies