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
Asia
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Body will promote international AI cooperation, governance, safety and more equitable access to the technologyÂ

The central bank signaled that further increases may follow as inflation and household debt risks persistÂ

Despite the slowdown, China’s economy expanded 4.7 percent in the first half of the year, keeping growth broadly on track with Beijing’s annual target
Europe
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The wider Old Trafford plan could deliver more than 17,000 homes and attract an additional 1.8 million visitors annually

Euro area swings to $8.9 billion trade deficit as imports rise 10 percent, EU gap hits $13.8 billion
An energy shortfall and weaker manufacturing surplus reversed last year’s EUR15 billion goods trade surplusÂ
Saudi Arabia
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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

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

Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units
United States
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The administration is considering duties of up to 12.5 percent under a forced-labor trade investigationÂ

New duties cover products ranging from wine to hockey sticks and cement, including goods that qualify under the USMCAÂ

Under the agreement, Broadcom will invest $1.5 billion to expand its manufacturing facility in Fort Collins, Colorado
Worldwide
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