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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
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
Asia
China aims for 5 percent growth in 2025 amid challenges from Trump tariffs
The government plans to issue $179 billion in special treasury bonds this year to finance its stimulus effort
Asia
India central bank delivers first rate cut in almost 5 years as inflation eases
The central bank cut the repo rate by 25 basis points to 6.25 percent after keeping it unchanged for eleven consecutive policy meetings
Asia
South Korea’s GDP per capita outpaces Japan and Taiwan in 2024, surpasses $36,000
The country's per capita GDP has been calculated based on a nominal growth rate of 5.9 percent
Asia
India and China to resume air travel after nearly 5 years
India noted discussions on economic concerns to promote policy transparency
Asia
China reveals major breakthroughs in gold exploration with 168 metric tons discoveredÂ
This development is a key step in strengthening the nation's resource securityÂ
Europe
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Banking & Finance
French central bank reports loss of $8.4 billion for 2024
The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses
Economy
EU employment grows 0.2 percent in Q4 2024 as economy steadily expands
Romania, Spain, Greece and Portugal recorded the highest employment growth compared with the previous quarter
Economy
Eurozone annual inflation up to 2.5 percent, March rate cut still likely
Last week, Lagarde suggested price growth may fluctuate before slowing toward the 2 percent target later
Economy
GDP remains steady in Eurozone, up by 0.1 percent in EU
Germany and France, the two largest economies within the bloc, have reported unexpected contractions
Economy
EU allocates $1.96 billion for humanitarian aid in 2025
The EU has set additional emergency funding in its budget which includes more than €295 million for worldwide actions
Economy
Eurozone inflation rises to 2.4 percent for third consecutive month in December
Core inflation remained steady at 2.7 percent for the fourth month in a row
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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Real Estate
U.S. new home sales rise 5.9 percent to 664,000 in November
The median sales price of a new U.S. home in November 2024 was $402,600, down from $437,300 in October
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
United States
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Logistics
U.S. Tesla sales dip as overall EV sales grow 10.5 percent in February
Tesla’s overall sales were down by 10.0 percent, driven by declines in the Cybertruck, Model 3 and Model Y
Economy
U.S. job cuts surge 245 percent in February, fueled by Musk and Trump’s workforce reductions
U.S. employers announced 172,017 layoffs in February, up 245 percent from January’s figures
Asia
China aims for 5 percent growth in 2025 amid challenges from Trump tariffs
The government plans to issue $179 billion in special treasury bonds this year to finance its stimulus effort
Economy
U.S. consumer prices rise 0.5 percent in January, annual rate grows 3 percent
In the 12 months through January, core U.S. consumer prices rose 3.3 percent after gaining 3.2 percent in December
Economy
U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent
November and December payrolls were revised up by 100,000 due to routine annual adjustments
Logistics
U.S. trade deficit rises over 2-year high of $98.4 billion amid trade war concerns
The U.S. experienced significant trade deficits with several trade partners, including China, Mexico and Canada
Worldwide
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Banking & Finance
French central bank reports loss of $8.4 billion for 2024
The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses
Economy
Dollar stays stable as February U.S. headline inflation hits 0.2 percent below forecast
Treasuries fell amid volatility as risk sentiment recovered
Economy
U.S. job cuts surge 245 percent in February, fueled by Musk and Trump’s workforce reductions
U.S. employers announced 172,017 layoffs in February, up 245 percent from January’s figures
Asia
China aims for 5 percent growth in 2025 amid challenges from Trump tariffs
The government plans to issue $179 billion in special treasury bonds this year to finance its stimulus effort
Economy
Eurozone annual inflation up to 2.5 percent, March rate cut still likely
Last week, Lagarde suggested price growth may fluctuate before slowing toward the 2 percent target later
Banking & Finance
Google agrees to pay Italy $340 million to settle Italian tax case
Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations