Region

‘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

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

Japan’s GDP grows 1 percent in Q2 2025 as exports remain resilient against U.S. tariffs

The government lowered its inflation-adjusted growth forecast for the fiscal year to 0.7 percent from 1.2 percent

India holds interest rates steady as U.S. tariffs loom over exports

Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape

China expands Silk Road Maritime Transport with 128 new shipping routes launched

Since December 2018, over 20,293 container ships have navigated these vital international routes

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

South Korea, U.S. commit to reaching tariff deal before August 1 deadline

South Korea will be subject to a 25 percent reciprocal tariff unless it reaches a deal before the deadline

Japan’s manufacturing activity contracts in July due to uncertainties surrounding U.S. tariffs

S&P Global's PMI for manufacturing dropped to 48.8, marking a decline from June's 50.1 

Germany’s cabinet approves 2026 budget with record investment of $146.41 billion

Borrowing is set to soar to €174.3 billion, more than triple the €50.5 billion borrowed in 2024 under the previous government

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

EU commits $3.3 billion for 94 transport projects to boost connectivity, market resilience

Investments aim to modernize railways, inland waterways, and maritime routes across the TEN-T network 

U.K.’s GDP falls 0.3 percent in April 2025, biggest monthly drop since October 2023

There was a monthly decrease of 63.5 percent in U.K. residential transactions in April 2025, compared with March 2025

NVIDIA to build world’s first industrial AI cloud in Germany

AI factory will enable Europe’s industrial leaders to accelerate every manufacturing application

U.K. to invest $1.35 billion in AI research compute by 2030, says PM Starmer

The U.K.’s fastest AI supercomputer powered by 5.5k GH200s is set to be fully operational this summer

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. 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

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. consumer prices rise 2.7 percent in July amid September rate cut bets 

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, U.S. commit to reaching tariff deal before August 1 deadline

South Korea will be subject to a 25 percent reciprocal tariff unless it reaches a deal before the deadline

AstraZeneca announces $50 billion U.S. investment in biotech and drug manufacturing by 2030

Multibillion-dollar commitment is expected to generate tens of thousands of high-skilled direct and indirect jobs across the U.S.

Amazon unveils $20 billion investment plan for Pennsylvania data centers creating 1,250 new jobs

Investment builds on Amazon's ongoing commitment to expanding its AI capabilities nationwide 

Hyundai, Trump announce $21 billion investment in U.S. manufacturing by 2028

Hyundai Steel will construct a steel mill in the state of Louisiana, capable of producing 2.7 million tons of steel annually

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

Worldwide

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Australia’s central bank lowers rates by 25 basis points, revising economic growth forecast to 1.7 percent 

RBA cited weaker public demand as key factor in lowering annual economic outlook for 2025 

India holds interest rates steady as U.S. tariffs loom over exports

Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape

Brazil establishes COP30 adaptation council to tackle climate change challenges

COP30 will prioritize adaptation, aiming for impactful dialogue with local authorities and communities

Japan’s manufacturing activity contracts in July due to uncertainties surrounding U.S. tariffs

S&P Global's PMI for manufacturing dropped to 48.8, marking a decline from June's 50.1 

South Korea’s GDP grows 0.6 percent in Q2 2025 driven by strong private consumption, exports

Private consumption increased 0.5 percent, supported by improving sentiment and a stock market rally

AstraZeneca announces $50 billion U.S. investment in biotech and drug manufacturing by 2030

Multibillion-dollar commitment is expected to generate tens of thousands of high-skilled direct and indirect jobs across the U.S.