Region
Africa
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Significant competition between the two nations is unfolding over economic reforms resulting from political transitions
China will provide Africa with RMB360 billion of financial support in the next three years, including RMB 210 billion in credit lines
Between 2000 to 2023, Chinese lenders provided 1,306 loans amounting to $182.28 billion to 49 African governments and 7 regional borrowers
The 400-rack capacity facility is expected boost DRC's digital landscape
The move aims to enhance natural resource management and disaster preparedness
The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring
Asia
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The government lowered its inflation-adjusted growth forecast for the fiscal year to 0.7 percent from 1.2 percent
Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape
Since December 2018, over 20,293 container ships have navigated these vital international routes
Sri Lanka has set an ambitious target of drawing 3 million tourists and generating $5 billion in tourism revenue in 2025
South Korea will be subject to a 25 percent reciprocal tariff unless it reaches a deal before the deadline
S&P Global's PMI for manufacturing dropped to 48.8, marking a decline from June's 50.1Â
Europe
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The statistics office reported that industrial production performed worse than previously estimated
Germany, the euro area’s largest economy, recorded its third straight month of output growth in August
The government instructed departments to submit proposals to reduce the administrative burden on businesses
Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares
Borrowing is set to soar to €174.3 billion, more than triple the €50.5 billion borrowed in 2024 under the previous government
Welsh finance secretary Mark Drakeford defended the move, highlighting that tourist levies are common across the globe
Saudi Arabia
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With 95% of the land protected for nature, NEOM offers incredible biodiversity
United Arab Emirates
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The median sales price of a new U.S. home in November 2024 was $402,600, down from $437,300 in October
In August, U.S. consumer confidence declined among consumers under 35 while it increased for those 35 and older
Non-EU trade surplus hit SEK 22.7 billion during this period
Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units
The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)
City renowned for being people-centric, entrepreneurial, sustainable and culturally vibrant
United States
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Net interest payments on the national debt are projected to total $14 trillion from 2026 to 2035
Broad revenue buoyancy in the U.S., including robust tariff income, will offset any fiscal slippage from tax cuts and spending increases
U.S. retail sales were up 3.9 percent compared to July 2024
Core CPI rose 0.3 percent in July and 3.1 percent from a year earlier, compared with forecasts of 0.3 percent and 3 percent
South Korea will be subject to a 25 percent reciprocal tariff unless it reaches a deal before the deadline
Multibillion-dollar commitment is expected to generate tens of thousands of high-skilled direct and indirect jobs across the U.S.
Worldwide
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Thailand's exports remained a key driver, expanding 15 percent, supported by front-loaded shipments ahead of the expiry of U.S. Reciprocal Tariffs suspension
Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares
RBA cited weaker public demand as key factor in lowering annual economic outlook for 2025Â
Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape
COP30 will prioritize adaptation, aiming for impactful dialogue with local authorities and communities