Region

Central African Republic launches first fully digitalized Ministry

The platform was developed in partnership with the Central African technology firm EDEN TiiiT

Overcoming regulatory fragmentation is key for Africa’s $1.5 trillion digital economy potential

The African data centre market is projected to reach $6.81 billion in 2030

‘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

Japan initiates biggest budgetary reform since 1945 to eliminate structural reliance on supplementary spending packages

The reform directly addresses opposition and investor criticism regarding overly loose fiscal policies 

Nvidia signs AI infrastructure agreements with South Korea’s tech giants

As part of a multi-year technology collaboration, SK Hynix will work with Nvidia to develop next-generation memory solutions for AI data centers worldwide

Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025

Sharp decrease is largely attributed to aggressive efforts by Tokyo authorities to stabilize the yen

India approves $1 billion support to cap aviation fuel prices amid global energy pressures

Government caps aviation turbine fuel price at INR75.6 per litre for domestic flights

South Korea exports surge to record $87.75 billion in May amid AI boom

South Korea’s semiconductor exports soared 169.4 percent year-on-year to a record $37.16 billion in May

Japan’s Q1 2026 real GDP expands 0.5 percent, marking an annualized 2.1 percent growth rate

Nominal gross domestic product increases 0.8 percent during the three-month period

May 2026 ranks second-warmest globally as rapid heatwaves, extreme weather cause disruptions 

Europe transitions rapidly from below-average baseline temperatures to intense early-season heatwaves 

EU hits key labor, education targets but struggles to halt sharp environmental decline

Findings indicate little to no progress was made regarding the goal of international partnerships

ECB Lagarde rejects eurozone stagflation fears despite rising growth, inflation risks

Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence

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. trade deficit narrows to $55.9 billion in April as exports surge to record high

U.S. exports rose 2.6 percent to a record $327.1 billion in April, driven by a 4.1 percent increase in goods exports

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)

United States

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U.S. strategic petroleum reserve nears lowest level since 1983 amid global supply strain

The SPR continues to decline as geopolitical tensions and shipping disruptions pressure global energy security 

OpenAI files for U.S. IPO amid race to public markets among AI giants

The ChatGPT creator did not reveal the size or pricing of the proposed offering and said no timetable had been set

Nvidia signs AI infrastructure agreements with South Korea’s tech giants

As part of a multi-year technology collaboration, SK Hynix will work with Nvidia to develop next-generation memory solutions for AI data centers worldwide

Google’s Alphabet upsizes equity offering to $84.75 billion to meet high-density AI compute needs

Move signals strong investor appetite for tech giants expanding their AI infrastructure 

SpaceX IPO to value company at historic $1.77 trillion

The company stated it will offer 555.6 million shares priced at $135 per share

Anthropic files for U.S. IPO amid rapid AI sector growth

The planned listing will serve as an early gauge of investor confidence in the artificial intelligence sector

Worldwide

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U.S. strategic petroleum reserve nears lowest level since 1983 amid global supply strain

The SPR continues to decline as geopolitical tensions and shipping disruptions pressure global energy security 

May 2026 ranks second-warmest globally as rapid heatwaves, extreme weather cause disruptions 

Europe transitions rapidly from below-average baseline temperatures to intense early-season heatwaves 

Japan initiates biggest budgetary reform since 1945 to eliminate structural reliance on supplementary spending packages

The reform directly addresses opposition and investor criticism regarding overly loose fiscal policies 

Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade

The member states' share of global trade has more than doubled since inception

Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025

Sharp decrease is largely attributed to aggressive efforts by Tokyo authorities to stabilize the yen

Google’s Alphabet upsizes equity offering to $84.75 billion to meet high-density AI compute needs

Move signals strong investor appetite for tech giants expanding their AI infrastructureÂ