Region

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

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

$30 million data centre inaugurated in Congo to catalyze digital economy

The 400-rack capacity facility is expected boost DRC's digital landscape

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

Microsoft, G42 launch $1 billion digital ecosystem initiative for Kenya

Initiative includes building state-of-the-art data center campus in Olkaria, Kenya

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’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 2024 

China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion

Foreign exchange reserves remain steadily above $3.2 trillion 

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

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  

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 trillion 

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

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

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

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.

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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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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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

Sweden’s trade surplus grows to $640 million in July 2024

Non-EU trade surplus hit SEK 22.7 billion during this period

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

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)

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

United States

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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

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

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

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'.

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

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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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’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 2024 

China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion

Foreign exchange reserves remain steadily above $3.2 trillion 

Mastercard to repurchase up to $12 billion shares under new program

The company also announced a quarterly cash dividend of 76 cents per share

South Korea’s ICT exports surpass $20 billion for four consecutive months

Record high semiconductor exports drove the industry’s growth

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