The UAE has announced a $1 billion commitment to strengthen Yemen’s fragile electricity infrastructure. The investment covers solar, wind, and oil-fired power plants, aiming to ease Yemen’s chronic energy shortages and bolster its wider economic recovery. This move aligns with the UAE’s expanding regional development initiatives, reinforcing its role as a key partner in Yemen’s stabilisation efforts.

UAE approves National Encryption Policy, issues executive regulation

The UAE has approved a landmark National Encryption Policy that will transition government entities toward post-quantum cryptography , preparing national digital infrastructure for the age of quantum computing. The Cybersecurity Council will oversee the policy’s rollout and ensure adherence to new encryption standards. This positions the UAE as an early adopter of advanced cybersecurity protocols at a global level.

Dubai to double media sector’s contribution to GDP by 2033

Dubai has set an ambitious objective to double its media sector’s GDP contribution from 1.4% to 3% within less than a decade. The strategy focuses on digital transformation, enhanced innovation ecosystems, and structured support for young media talent. The initiative aims to reinforce Dubai’s identity as a powerful global media hub amid rising content creation markets worldwide.

UAE Ministry launches TM Market Place to transform trademark trading

The Ministry of Economy and Tourism has launched TM Market Place, the UAE’s first fully digital platform dedicated to buying and trading trademarks. The marketplace is designed to modernise the UAE’s intellectual property landscape while attracting major global brands to the region. By expanding access to trademark trading, the platform seeks to strengthen the UAE’s competitiveness in global commerce.

According to the Organisation of the Petroleum Exporting Countries (OPEC), world proven crude oil reserves stood at 1,567 billion barrels at the end of 2024, up around 2 billion barrels (or 0.1 %) from 2023. In practical terms, global reserves are barely moving up, even though crude remains in demand.

The map highlights a striking concentration of vast oil wealth clustered in just a few regions, particularly the Middle East and parts of South America .

Venezuela leads the world with an estimated 303 billion barrels, followed closely by Saudi Arabia at 267 billion and Iran with about 208 billion. Other major holders include Iraq with around 145 billion and Russia with 80 billion barrels, according to WorldAtlas

What the visual also shows is how the Middle East remains a “reservoir of reserves”. The region holds well over half of the world’s proven stock . For example, OPEC’s time-series chart indicates the Middle East’s share was roughly 871 billion barrels out of about 1,567 billion in 2024.

These reserve figures influence geopolitics, energy security, investment decisions and even how governments shape future policy. But it is surprising that despite decades of consumption, the global total of proven oil reserves isn’t collapsing but stable. That’s because discoveries and extraction in previously uneconomic fields are helping offset withdrawal.

For example, the OPEC press release notes that although global production from some OPEC-member countries dipped in 2024, reserves remained flat.

A recent Numbeo report, visualised by The World in Maps, reveals Europe’s safest cities for 2025.

According to the Numbeo Safety Index 2025 , The Hague in the Netherlands leads the continent with a score of 79.5, followed closely by Munich, Germany (79.4) and Trondheim, Norway (79.3) (Numbeo 2025 Safety Index).

These results reaffirm Northern and Central Europe’s reputation for stability and public trust. The Hague, known as the seat of international law, benefits from robust governance, efficient policing, and a high level of civic order.

Munich’s near-perfect score reflects Germany’s longstanding focus on safety, infrastructure, and community trust. Trondheim, nestled in Norway’s fjord region, stands out as a compact yet socially cohesive city where public safety is deeply embedded in everyday life.

What makes this year’s ranking particularly interesting is the strong showing from smaller and emerging European cities. Zagreb in Croatia (78.6), Ljubljana in Slovenia (78.5), and Cluj-Napoca in Romania (78.1) are increasingly recognised not just for their affordability and culture , but also for their sense of security.

Their inclusion signals that safety in Europe is no longer monopolised by Western capitals; smaller cities are now leading by example in creating cleaner, calmer, and more connected urban environments.

The Safety Index measures perceptions of crime, from property and vehicle theft to assault and robbery, as well as how safe residents feel walking alone both during the day and at night (Numbeo Methodology).

A higher score indicates a lower risk and a better perception of safety. This perception-based data is increasingly being used by travellers, digital nomads, and relocation experts to evaluate destinations in a world where security and liveability have become deeply intertwined.

With tourism rebounding across Europe and remote work redefining where people choose to live, these safe havens, from The Hague’s tranquil canals to Munich’s ordered streets, are becoming more than just places to visit.

Omani women continue to thrive under laws and policies that ensure equality and empowerment across sectors. The government has implemented initiatives promoting women’s participation in leadership, business, and education, reflecting Oman’s commitment to gender equity. On Omani Women’s Day, officials reaffirmed that women now occupy key positions in government, diplomacy, and entrepreneurship, a testament to decades of progress and policy reform.

Oman and the UK explore new avenues for economic cooperation

Oman and the United Kingdom are deepening economic and trade relations by exploring new areas of collaboration. Discussions have focused on green energy, infrastructure, technology, and financial services as both nations seek to expand mutual investments. The partnership aims to enhance Oman’s economic diversification goals under Vision 2040 while providing British businesses with strategic access to Gulf and Asian markets.

Oman to host new World Bank Group office

The World Bank Group announced that it will establish a new regional office in Oman, a move that underscores the Sultanate’s growing importance as an economic and financial hub in the Gulf. The office will serve as a base for cooperation on development initiatives, sustainable finance, and capacity-building projects across the Middle East and North Africa. Omani officials hailed this as a milestone that strengthens international confidence in the nation’s governance and fiscal reforms.

Agreements inked to localise projects in Khazaen Economic City worth over $718.9 million

Oman signed several agreements to localise major industrial and logistical projects in Khazaen Economic City, with investments exceeding OMR 276 million ($718.9 million). These projects span manufacturing, food processing, and logistics, aiming to create thousands of jobs for Omanis and boost local value chains. The initiative aligns with the national strategy to reduce import dependence, support SMEs, and transform Khazaen into a central node for regional commerce.

China and Oman join hands to promote the development of women’s causes

China and Oman have pledged to cooperate in advancing women’s development and empowerment. The collaboration includes sharing expertise in education, entrepreneurship, and community programs that enhance women’s participation in national development. Both countries highlighted the importance of cultural exchange and policy coordination to ensure that gender equality remains central to sustainable progress.

The Maldivian Democratic Party (MDP) has called on the authorities to ensure that its upcoming mass rally proceeds without obstruction , describing it as a peaceful exercise of democratic rights amid an increasingly charged political climate. The rally, expected to draw thousands from across the atolls, is being organised to protest what the MDP calls “erosion of institutional independence” and “selective application of justice.” The party has urged the government and police to uphold constitutional freedoms, warning that attempts to disrupt the event would deepen political divisions. Analysts see the rally as a crucial test of public sentiment ahead of local elections and as a reflection of the widening rift between the ruling coalition and the main opposition.

MDP launches campaign demanding release of Lootuvaifi rally detainees

The MDP has launched a nationwide campaign demanding the immediate release of detainees arrested during the earlier Lootuvaifi rally, where dozens were taken into custody amid allegations of excessive police force. The campaign combines street demonstrations with a digital outreach strategy aimed at international human rights organisations. Party leaders argue that the arrests were politically motivated and form part of a broader pattern of suppression against opposition voices. The government, in response, has defended the arrests as necessary for maintaining public order. The situation has reignited debates over the Maldives’ democratic backsliding, with activists calling for judicial oversight and accountability in handling political protests.

ECM schedules 25 October referendum to decide governance of southern islands

The Elections Commission of Maldives (ECM) has announced that a referendum will be held on 25 October to determine the administrative governance of Hulhudhoo, Meedhoo, and Feydhoo. The vote will decide whether these southern islands will remain part of their current administrative structure or be reorganised for improved local governance. The ECM will deploy 18 ballot boxes across the region to ensure full voter participation. Officials say the referendum aims to strengthen local autonomy and address calls for greater representation. Political observers note that this decision comes at a time when the government is emphasising decentralisation as a pillar of its development strategy, even as critics argue that it risks politicising regional administration.

Maldives president demands accountability for Gaza, rejects 'principles for profit'

In a striking foreign policy statement, President Mohamed Muizzu demanded international accountability for the crisis in Gaza, condemning what he described as the global community’s failure to act out of “principles for profit.” Speaking at a regional forum, Muizzu asserted that moral consistency should define international relations, not economic or political convenience. The Maldives has long positioned itself as a vocal advocate for Palestinian rights, and the President’s comments reinforce that stance amid renewed global outrage over escalating civilian casualties. His remarks have been widely shared across social media and have drawn praise domestically for affirming the Maldives’ humanitarian diplomacy.

Revised Foreign Investment Act expands opportunities for local businesses

The Maldives’ revised Foreign Investment Act has been lauded by the Economic Minister as a “milestone reform” that expands opportunities for local entrepreneurs and small businesses. The updated legislation simplifies licensing procedures, increases transparency, and introduces safeguards to ensure that foreign partnerships deliver tangible benefits to local communities. The government says the changes aim to create a more competitive investment environment while preserving national interests. Economic analysts note that this move could help diversify the Maldivian economy beyond tourism by attracting foreign capital into technology, fisheries, and renewable energy sectors.

A 'The World in Maps' illustration highlights in green those with metro systems and in red those without. Countries like Iceland, Ireland, Cyprus, and Slovakia are among those without such networks.

For instance, Bucharest in Romania has a fully functional metro system with five lines, 64 stations, and over 80 km of track. The Sofia Metro in Bulgaria also operates four lines and about 52 km of network, handling significant daily ridership. Helsinki, though smaller in population, hosts the world’s northernmost metro system, in operation since 1982.

On the flip side, Ireland remains among the largest countries without a conventional metro system. However, that may soon change: the proposed MetroLink project in Dublin aims to introduce rapid transit on a city scale.

Metro systems are more than symbols of modernity. They shape urban mobility, reduce congestion, lower carbon emissions, and often become essential infrastructure in high-growth cities. With growing climate concerns, rising urban populations, and demand for reliable transit, countries without metro systems face increasing pressure to invest.

European Union funding programmes are responding. The EU’s Connecting Europe Facility (CEF) has allocated record sums to sustainable, safe, and smart transport infrastructure: over €7 billion across 134 projects in mid-2024.

Many of these focus on rail, multimodal hubs, and upgrades to urban transport nodes. More recently, nearly €2.8 billion has been approved for 94 transport projects aiming to boost connectivity across the EU, improve cross-border rail, and modernise urban transport.

These investments are occurring as the global railway rolling stock market is projected to nearly double from about $3.87 billion in 2024 to $6.43 billion by 2034, driven by both infrastructure expansions and the demand for digital, energy-efficient, rapid transit systems.

With a nominal GDP of about $4.66 trillion , according to the World Bank and Trading Economics , Germany continues to dominate the European economic landscape despite recent headwinds.

The comparison is striking as it reveals that nations such as Poland, Czechia, Romania, Finland, and the entire Baltic region collectively generate roughly the same economic output as Germany alone, according to IMF data highlighted by Visual Capitalist .

This visualisation underlines not just Germany’s weight in Europe, but also how dependent the continent’s economic health is on a single country’s performance.

Yet, Germany’s size does not shield it from challenges. The economy actually contracted slightly in 2024, shrinking by 0.2% , as reported by the OECD . Growth forecasts for 2025 remain tepid, with energy costs, supply chain disruptions, and weak global demand weighing heavily.

The European Commission has noted that while inflation has eased, high costs and sluggish investment continue to pressure German industry.

This matters far beyond Germany’s borders. As the world’s third-largest exporter, Germany’s manufacturing-heavy economy is deeply tied to global trade flows.

Recent warnings from Germany’s IAB Institute suggest that a full-scale trade war, such as a 25% tariff scenario, could cut German GDP by more than 1% and erase tens of thousands of jobs. Such a downturn would inevitably ripple through European supply chains and financial markets.

The broader Eurozone has also felt the drag. Growth in the second quarter of 2025 was nearly flat at just 0.1%, with Germany and Italy both posting slight contractions.

Meanwhile, several Central and Eastern European economies, including Poland and Romania, are projected to outperform the Eurozone average in 2025, hinting at a gradual shift in the region’s growth dynamics.

Germany’s scale ensures that when it slows, the rest of Europe feels the tremors. Whether 2025 marks a turning point toward recovery or deeper stagnation will depend on how Berlin addresses structural issues like energy dependence, labour shortages, and sluggish investment.

This visualisation is as much about global inequality as it is about crypto adoption. In North America, Western Europe, and parts of Asia, where incomes are highest, the cost of one Bitcoin is roughly equivalent to one to three years of earnings.

In contrast, across large parts of Sub-Saharan Africa, South Asia, and parts of Latin America , the same purchase would require more than 13 years of income, and in some countries, over 40 years.

The data underscores how dramatically access to digital assets varies depending on where one lives. The IMF’s April 2025 report shows that while global growth is expected to edge up to 3.3%, many emerging markets are still struggling with high inflation and slow income growth.

The World Bank’s 2024 classification confirms that more than 70 countries remain in the low- or lower-middle-income bracket, where annual earnings are a fraction of those in the U.S. or Europe.

And while Bitcoin remains a borderless asset, its price, hovering near record highs, does not scale to incomes equally.

TradingView data highlights that Bitcoin’s rally since early 2024 has been driven by institutional inflows, ETF approvals, and a new wave of speculative trading. For workers in low-income nations, this means Bitcoin is effectively receding further from reach, making full coin ownership an aspiration rather than a realistic investment.

This divide has wider implications for the global economy. Wealthier nations not only enjoy easier access to Bitcoin but also benefit from more robust financial infrastructure, lower transaction fees, and regulated exchanges.

Meanwhile, populations in poorer nations face higher volatility risks and are more likely to engage through informal peer-to-peer markets, which can be costly and expose them to scams.

The result is a two-tier crypto world: one in which Bitcoin acts as an asset class and portfolio diversifier for wealthier investors, and another where it remains largely symbolic for those locked out by income disparities.

While the destruction of the World Trade Centre, the hit on the Pentagon, and the crash in Pennsylvania are often viewed primarily through an American lens, the global casualty pattern reminds us that people from over 60 countries died that day.

The attacks on 9/11 claimed 2,977 civilian lives in the U.S., excluding the 19 hijackers. Beyond U.S. citizens, 372 foreign nationals from 61 countries were among the victims.

Countries most affected (outside the U.S.) included the United Kingdom (67 fatalities), the Dominican Republic (47), India (41), South Korea (28), Canada (24), Japan (24), and Colombia (18).

In addition to the immediate death toll, thousands more were injured, and many first responders and survivors continue to suffer long-term health effects such as respiratory illnesses, cancers, and mental health conditions.

The infrastructure loss alone was staggering; the economic damage during the first weeks ran into hundreds of billions of dollars, considering lost productivity, property damage, disrupted business operations, air travel, and tourism.

The attacks introduced a seismic shift in how markets view geopolitical and terrorism risk. Immediately after the attacks, U.S. markets were closed for several days; once they reopened, losses mounted. For example, the S&P 500 dropped by about 5% on the first trading day, and further declines followed over the subsequent weeks.

Scholars have since found that terrorist attacks correlate with higher market volatility and risk premiums, reduced foreign investment in vulnerable economies, and greater caution in sectors like travel , insurance, and infrastructure. Companies delay investment, and governments often increase spending on security, both of which have trade-offs.

The connection to today’s markets

The past few years, rife with geopolitical shocks, from war in Ukraine to tensions in the Middle East, underscore that markets are ever-attuned to risk.

The International Monetary Fund, in its recent reports , has flagged increasing geopolitical risk, including terrorism, as a factor that can lead to sharp corrections, especially in emerging markets, where volatility tends to be greater.

Investors are increasingly incorporating Environmental, Social, and Governance (ESG) and security metrics into risk models. Countries or regions perceived as unstable or exposed to terrorist threats often face a higher cost of capital, reduced foreign direct investment, and volatility in sovereign bond yields.

A recent map published by The World in Maps reveals that more than half of Africa’s 54 nations still criminalise homosexuality, despite growing global recognition of LGBTQ+ rights.

According to the European Parliamentary Research Service, 31 African countries maintain laws that make consensual same-sex relations a criminal offence, ranging from fines and prison sentences to, in rare cases, harsher penalties . ILGA World, a global LGBTQ+ advocacy group, reports similar numbers, with 33 countries enforcing some form of criminalisation as of 2023.

The legal picture is far from static. In September 2025, Burkina Faso passed legislation banning the “promotion of homosexuality,” introducing prison terms of two to five years and significant fines. Similarly, Mali’s new penal code, adopted in December 2024, explicitly criminalised same-sex acts and any advocacy for LGBTQ+ rights.

Yet there are countercurrents. In mid-2024, Namibia’s High Court struck down colonial-era laws banning same-sex relationships, calling them unconstitutional and signalling a potential shift toward greater recognition of LGBTQ+ rights in parts of Southern Africa.

These laws are not just a domestic issue. They shape global perceptions of African markets and influence foreign aid, investment decisions, and diplomatic ties. International donors and human rights organisations frequently condemn anti-LBGTQ legislation, sometimes conditioning aid or trade agreements on human rights compliance.

Multinational corporations, too, are paying closer attention. As ESG (Environmental, Social, and Governance) criteria become a cornerstone of global investing, countries perceived as repressive risk being excluded from certain capital flows.

Analysts warn that such laws may also deepen public health crises by discouraging vulnerable groups from seeking care, with economic consequences that ripple across labour markets and national productivity.

Recent developments have put Africa’s legal stance on LGBTQ+ rights back into the global conversation just as investors weigh risk amid geopolitical uncertainty. Experts argue that legal crackdowns, whether in Burkina Faso or Ghana, where a controversial “Human Sexual Rights and Family Values Bill” is under debate, could raise reputational and political risk premiums for investors.

The Qatar Chamber reported that trade between Qatar and India has exceeded QR48 billion (13 billion), reflecting the deepening economic ties between the two countries. Officials highlighted the sectors driving growth, including energy and infrastructure cooperation.

Japan, Qatar pledge closer regional cooperation

Japan’s Foreign Minister Iwaya Takeshi met Qatar’s Minister of State for Foreign Affairs HE Sultan bin Saad al-Muraikhi in Kuwait on the sidelines of regional talks. Both sides reaffirmed commitments to strengthen cooperation on regional stability and global challenges, according to MENAFN reports.

Carney-Amir call underscores Qatar-Canada partnership

Canadian Prime Minister Mark Carney held a phone call with the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani, discussing bilateral ties and coordination on international issues. The conversation underscored Qatar’s growing role in Canada’s foreign policy priorities.

Qatar hosts OIC meeting on resilient food systems

Doha hosted a three-day meeting of the Organisation of Islamic Cooperation’s regional consultation groups to address food security challenges. The Ministry of Municipality led discussions on building resilient food systems for OIC member states, reinforcing Qatar’s position as a hub for global dialogue on sustainability.

Qatar to stage third Real Estate Forum

Preparations are underway for the third edition of the Real Estate Forum in Doha, aimed at solidifying Qatar’s standing as a premier investment destination. The event will bring together investors, policymakers, and industry leaders to showcase opportunities in the real estate sector.

Qatar may halt LNG exports to the EU over the new Corporate Sustainability Due Diligence Directive (CSDDD), which mandates large firms to address environmental and human rights issues in their supply chains or face fines. The law, applying to EU and non-EU firms with over €450M turnover, phases in through 2029. Qatar, heavily reliant on fossil fuel exports and criticised for labour abuses, sees the rules as a threat. Al-Kaabi said without changes, Doha would seek other markets, questioning the directive’s climate goals and rejecting net-zero targets. As one of the world’s top LNG exporters, Qatar could pivot to markets like Pakistan and Syria, while the EU may need to increase U.S. LNG imports or reconsider nuclear power.

Why workplace safety matters

As Qatar advances its National Vision 2030, industries such as construction, oil & gas, logistics, healthcare, and manufacturing face growing pressure from regulators, employees, and global partners to improve workplace safety. ISO 45001, the international standard for Occupational Health and Safety Management Systems, provides a structured approach to identifying hazards, managing risks, and ensuring continuous improvement—offering not only compliance but also a competitive edge. Rapid development in areas like Lusail, The Pearl, and Ras Laffan has heightened occupational risks, making ISO 45001’s globally recognised framework critical. Released in 2018, the standard aligns with ISO 9001 and ISO 14001, enabling integration of quality, environmental, and safety management systems.

Qatar backs Syria’s economic revival

Qatar’s UCC Holding is spearheading a $4 billion foreign-investment deal with four international partners to transform Damascus International Airport into a regional hub. The project, under a Build–Operate–Transfer model, will expand capacity to 31 million passengers across five phases, introduce 32 modern gates, and add world-class facilities. Seen as a key step in Syria’s reconstruction, it aims to boost connectivity, trade, and tourism while meeting ICAO and IATA standards.

Storms, cancellations, and tourism slump disrupt air travel in Qatar, other countries

In 2025, the US, Canada, UK, Germany, Australia, and Qatar face a major travel shake-up as storms, airline cancellations, and declining tourism disrupt the global air industry. Violent weather is grounding flights in US hubs like Dallas and New York, while Canada battles wildfire smoke and delays in Ontario and British Columbia. In the UK and Germany, summer storms are driving delays and reduced bookings, straining airports and tour operators alike.

Qatar is steadily enhancing its legislative framework

Minister of Justice and Minister of State for Cabinet Affairs H E Ibrahim bin Ali bin Issa Al Hassan Al Mohannadi has said Qatar is strengthening its legislative framework to support sustainable development, uphold the rule of law, and promote transparency. Over the past year, Cabinet decisions have advanced legislative modernisation, ensured justice, and built strong institutions. According to the Council of Ministers Secretariat General, initiatives have focused on empowering national talent, accelerating digital transformation, engaging youth, and advancing food security and sustainable urban planning—all aimed at achieving sustainable development within a modern legislative and executive framework.

The United States and Pakistan announced a trade deal Thursday, which Islamabad said would boost investment and reduce tariffs, though exact rates weren’t disclosed. Pakistan's finance ministry called it the start of a new era of economic cooperation across sectors like energy, IT, crypto, and mining. Finance Minister Muhammad Aurangzeb said the agreement reflected broader strategic goals beyond trade. Previously facing a possible 29% tariff, Pakistan secured a suspension ahead of the August 1 trade talks deadline, aiming for better terms than regional competitors like Vietnam (20%) and India (threatened with 25%).

Intel says Pakistan is rebuilding terror camps

Pakistan is allegedly reviving terrorism infrastructure with a new approach, an intelligence report reveals. The Pakistan Army, ISI, and other agencies are reportedly aiding major terror groups in reconstructing at least 13 camps and launchpads destroyed in Operation Sindoor, especially near the Line of Control in PoK and the Jammu border. Sites named include Kel, Shardi, Dudhniyal, Lipa Valley, and Jura, among others. Four launchpads near Jammu — Masroor, Chaprar, and a drone hub in Shakargarh — are also being reactivated using advanced techniques and funding from state entities.

Olympian killed in climbing accident

Olympic gold medallist Laura Dahlmeier died after being struck by falling rocks while climbing Laila Peak in Pakistan’s Karakoram range, officials said Wednesday, July 30. Bad weather delayed rescue efforts, and her body has not been recovered. Her partner survived, and local authorities said any recovery attempt would respect her family’s wishes. An Instagram post stated Dahlmeier did not want anyone to risk their life retrieving her body. German President Steinmeier paid tribute, calling her an “exceptional sportswoman” and recalling awarding her the Silver Laurel Leaf in 2018.

Pakistan keeps key rate unchanged to curb inflation

Pakistan’s central bank kept its key rate at 11% on Wednesday, defying expectations of a cut due to worsening inflation driven by higher energy prices. The State Bank cited rising gas costs and a widening trade deficit as key risks, noting that inflation pressures had intensified. All 15 analysts in a Reuters poll had predicted a rate cut. Central Bank Governor Jameel Ahmad said it was prudent to wait rather than risk reversing a premature easing move.

Pakistan repeats claims of 'resounding success' in Operation Sindoor

Pakistan dismissed India’s Operation Sindoor statements in the Lok Sabha on Wednesday, July 30, as “baseless and provocative,” accusing New Delhi of spreading disinformation and jingoism. It reiterated claims of military success and warned Indian leaders to acknowledge their losses and third-party roles in the ceasefire. Islamabad also alleged India lacked evidence for the Pahalgam attack and failed to meet strategic goals, while praising its military response as decisive.

Per a recent graphic by World Visualized, Indonesia led stock index gained after the trade deal announcement -rising 4.1%, followed by Japan (3.3%), Vietnam (2.7%), Hong Kong (1.5%), Malaysia (1.2%), South Korea (1.1%), Singapore (1.0%), Taiwan (0.4%), Philippines (0.3%), China (0.2%), Pakistan (0.1%), with India slipping 0.1%.

Bloomberg Intelligence attributed the rally to renewed trade optimism. The U.S.–Japan deal, which imposes a 15% tariff on Japanese auto exports in exchange for Japan investing $550 billion in the U.S., trickled through Asian markets with expectations of broader agreements. 

Meanwhile, U.S. markets hit fresh highs as reports indicated a pending EU deal featuring 15% tariffs on most European goods, coupled with pledged EU investments and energy purchases in the U.S. 

Revenues in the U.S. energy and semiconductor sectors surged , while European automakers dropped on anticipated export restrictions . Strong corporate earnings further bolstered sentiment, pushing the S&P 500 and Nasdaq to record highs.

Analysts caution that despite broad gains, uncertainties remain over tariff enforcement and evolving trade negotiations with China and Mexico.

Bloomberg Intelligence noted that while tariffs may slow global growth and squeeze margins, the reprieve offered by these deals has provided markets crucial breathing space 

New York City tops the list with an astounding $1,476,450 price tag for a prime parking spot. That’s nearly the cost of a luxury condo, and it reflects the city's intense real estate demand and chronic shortage of space.

Following closely behind is Hong Kong at $1,121,950, a city notorious for its dense population and limited land. Boston rounds out the top three with parking costs hitting $823,751, reinforcing how premium space has become in America ’s northeastern tech and finance hub.

Other cities on the list

These figures show that even in traditionally car-friendly cities like Dubai, urban densification and commercial development have pushed up parking values significantly.

In many global metros, parking spots are now being treated as investment-grade assets. As Spacer, the leading peer-to-peer parking marketplace, notes in their market insights , Parking in dense urban centres has evolved into an alternative asset class—especially in cities with limited transit coverage or rapid development.

The parking management market is projected to reach $12.91 billion by 2032 , while the parking garage design market is expected to hit $15.6 billion by 2027.

Spacer's data shows that private parking rentals have surged across cities like New York and San Francisco, where monthly parking rates can surpass mortgage payments. In New York, for example, monthly parking can cost over $1,000 , driving demand for long-term private rentals and shared arrangements.

At the top of the leaderboard is OpenAI, which expanded its valuation from roughly $78 billion in 2024 to $300 billion in 2025—a 284% increase. The company, which powers GPT-4o and has reshaped enterprise productivity with its ChatGPT Enterprise and API integrations, is now the most valuable private AI company globally.

OpenAI’s runaway growth is fueled by widespread adoption across education , healthcare, enterprise SaaS, and creative sectors, as well as major investments from Microsoft and leading institutional backers.

Anthropic, the AI safety-centric startup behind Claude AI, follows closely with a 234% valuation surge to $61.6 billion. The company has gained momentum through its strong positioning in AI alignment and responsible deployment, especially among governments and financial institutions prioritising trust and transparency in LLM usage.

Anduril, a defence tech innovator using AI for autonomous systems and surveillance solutions, grew its valuation by 205% to $30.5 billion. This comes amid rising global security concerns and increased military-tech modernisation programs, making it one of the most strategically critical AI players today.

Fintech startup Ramp posted a 71% valuation increase to $13 billion, reflecting growing demand for AI-driven expense management and automation solutions among startups and mid-sized enterprises.

Databricks, a staple in AI and data infrastructure , saw a more modest—but still notable—44% rise to a valuation of $62 billion. The company remains a favourite in enterprise data tooling, thanks to its unified lakehouse architecture and integration of generative AI in business workflows.

Australian design platform Canva, with a 23% uptick to $32 billion, continues to benefit from embedding AI features into creative tools for non-designers, especially as AI democratizes content production at scale.

One of the most intriguing entries is Flock Safety, which entered the top valuation list for the first time in 2025 with a debut valuation of $7.5 billion. The company’s AI-powered security systems, including license plate recognition and community policing tools, are rapidly being adopted across U.S. municipalities and private neighbourhoods.

With urban growth rising, metros are vital for sustainable cities, backed by tech like AI and automation. Over $500 billion was invested from 2020–2024.

In a comprehensive analysis by Spherical Insights , the top 10 countries with the largest and most expansive metro rail infrastructures have been unveiled, showcasing the global shift toward efficient, clean, and future-ready mass transit.

1. China

With over 9,500 kilometres of operational metro lines across more than 50 cities, China sits unchallenged at the top. Mega-cities like Shanghai (802 km), Beijing (836 km), and Guangzhou (631 km) anchor this vast network. Fueled by its New Urbanisation Plan , China aims to surpass 10,500 km by the end of 2025.

2. United States

Despite its car-centric legacy, the U.S. boasts around 1,300 kilometres of metro lines. The New York City Subway—spanning 472 stations—remains the nation’s flagship, while cities like D.C. and San Francisco expand their networks under the Infrastructure Investment and Jobs Act.

3. South Korea

Seoul’s ultra-modern metro spans over 1,100 kilometres, making it one of the smartest and cleanest globally. Contactless payments, facial recognition entry systems, and multilingual support serve a tech-savvy, urbanised population.

4. India

India’s urban transport revolution is well underway. With nearly 958 kilometres across 18 cities, including Delhi, Mumbai, and Bengaluru, India’s metro boom is driven by strong federal and state collaboration and a surge in Public-Private Partnerships (PPPs).

5. Japan

Punctual, clean, and deeply integrated—Japan’s metro systems, especially in Tokyo and Osaka, are global gold standards. Tokyo's metro spans nearly 900 km and moves over 8 million passengers daily. Innovations in driverless operations and energy-efficient railcars keep Japan at the forefront.

6. Russia

Russia’s metro systems, particularly in Moscow and St. Petersburg, are renowned for their architectural grandeur and reliability. Moscow’s Big Circle Line, one of the longest circular lines in the world, symbolises the country’s continued rail ambitions. The country has over 800 km of metro lines.

7. Germany

Germany blends technology with sustainability in metro systems across Berlin, Munich, and Hamburg. They collectively contribute over 700 kilometres of urban rail. A strong focus on electrification, solar-powered stations, and real-time mobility data elevates its network to global excellence.

8. Brazil

Latin America ’s metro torchbearer, Brazil, features prominently, with São Paulo’s network leading the charge. Covering 400 kilometres and 91 stations, the system integrates smart ticketing and data-driven routing to address urban sprawl.

9. United Kingdom

Home to the world’s first underground railway, the London Underground remains a global icon. Modernisation efforts—including the Elizabeth Line—reflect the UK’s commitment to making its metro resilient and accessible. The network covers over 400 kilometres.

10. France

With the iconic Paris Métro and expanding networks in Lyon and Marseille, France’s urban rail legacy is long-standing, with 220 kilometres. Modernisation projects like Grand Paris Express are set to add over 200 kilometres by 2030.

Egypt received the highest amount of remittance inflows at $22.7 billion, followed by Nigeria with $19.8 billion and Morocco with $12 billion. Kenya ($4.8 billion) and Ghana ($4.6 billion) completed the top five rankings with strong annual growth rates.

Remittances create direct and immediate economic benefits for families and local communities, unlike other external financial sources. The money received through remittances typically finances important costs like education and healthcare while supporting small business initiatives when public services prove inadequate.

African nations received $100 billion in remittances during 2023, which constituted about 6% of their continent's GDP. World Bank reports show that remittance flows exceeded official development assistance, which amounted to $42 billion and surpassed foreign direct investment, which reached $48 billion.

Africa has seen remittance inflows increase by 57% during the last decade, while foreign direct investment experienced a 41% drop.

The expanding remittance gap stems from economic instability alongside climate migration and worldwide income inequalities. Remittances will play a central role in African development strategies as these trends persist.

This data happens to align with the African Development Bank's Macroeconomic Performance and Outlook report , which highlights the top 10 fastest-growing African economies between 2025 and 2026.

The continent's second-largest economy, Senegal, is forecasted to grow by 8.6% through its Grand Tortue Ahmeyim gas project . Uganda, which holds the 9th spot on the remittances list, is recorded as the third fastest-growing African economy with a 7.2% growth.

In 2024, the top 10 sovereign wealth funds collectively manage trillions of dollars in global assets, influencing global markets, infrastructure, and even innovation sectors.

Below is the top 10 Sovereign Wealth Funds by AUM according to Sovereign Wealth Fund Institute :

  Norway Government Pension Fund Global  –  $1.78 trillion

World's largest SWF, built from Norway’s oil revenues and known for its ethical investing principles.

China Investment Corporation (CIC)  –  $1.3 trillion

A key player in global markets, CIC invests in infrastructure, energy, and high-growth sectors.

State Administration of Foreign Exchange (SAFE), China  –  $1.2 trillion

Another Chinese heavyweight managing part of the country’s vast foreign exchange reserves.

Abu Dhabi Investment Authority (ADIA)  –  $1.05 trillion

One of the oldest and most secretive funds, investing oil revenues globally.

Kuwait Investment Authority (KIA)  –  $1 trillion

The world’s oldest sovereign fund, playing a crucial role in diversifying Kuwait’s oil-based economy.

Public Investment Fund (PIF), Saudi Arabia  –  $925 billion

Driving Saudi Arabia’s Vision 2030, this fund has ramped up global investments in tech and sports.

Danantara Indonesia  –  $900 billion

A rapidly rising SWF focusing on domestic infrastructure and development.

GIC Private Limited, Singapore  –  $850 billion

Known for its long-term investments in real estate, tech, and emerging markets.

Qatar Investment Authority (QIA)  –  $530 billion

A globally active fund investing in prime assets including banks, real estate, and luxury brands.

Hong Kong Monetary Authority Investment Portfolio  –  $514 billion

Manages part of Hong Kong’s foreign reserves with a focus on stable returns.

This visual snapshot gives us an insightful breakdown of what collectors are purchasing—and it offers clues into why some art forms still outperform others.

Top-selling fine art categories

Here's how the fine art market breaks down:

Why paintings lead the pack

Paintings have always been seen as the quintessential form of fine art. Their enduring value stems from several factors:

Sculptures and works on paper: Strong but Specialised

Sculptures (15%) and works on paper (11%) follow behind. These categories attract more seasoned collectors due to their physicality, fragility, and often higher storage or shipping costs. Works on paper are more affordable entry points into collecting but may not carry the same long-term investment potential.

Digital art lags at 0.2%

Despite the hype around NFTs and digital creativity, digital art only accounts for  0.2%  of the market. This might seem surprising, but it highlights ongoing concerns:

Emerging opportunities

Film , video art, and installations remain niche categories (each around 1%) due to high presentation requirements and lower commercial adaptability. However, institutions and avant-garde collectors are slowly growing their presence in these areas.

The nation boasts nearly 8,000 deposits encompassing approximately 90 different minerals, with about 20 being economically significant. Notably, Ukraine holds substantial reserves of coal, iron ore, manganese, titanium, and uranium, among others. ​

With iron ore reserves estimated at 28 billion tons , Ukraine ranks among the world's top producers, supplying significant quantities to the global market. ​Additionally, the country possesses around 3 billion tons of manganese ore, essential for steel production. ​

For titanium, Ukraine is the world's sixth-largest producer of a metal vital for aerospace and other high-tech industries. Significant lithium deposits, such as the Shevchenko deposit in Donetsk Oblast, also position Ukraine as a potential key supplier for the burgeoning electric vehicle market. ​

This richness is why the US in February 2025 sought to sign a minerals deal which was also central to Kyiv's push to secure Washington's support. The agreement aimed to establish a Reconstruction Investment Fund to harness revenues from Ukraine's mineral wealth, with Ukraine contributing 50% of its resource revenues until it reaches $500 billion. ​

The agreement, however, 'hit a wall' after a faceoff between Ukraine's President Volodymyr Zelenskyy and US President Donald Trump at the Oval Office on Friday, February 28.

Prime Minister Paetongtarn Shinawatra announced an economic stimulus plan on Monday, aiming to boost Thailand’s GDP growth to 3-3.5% this year. Unveiling the plan on X, she credited Finance Minister and Deputy PM Pichai Chunhavajira, who developed it after consultations with five key economic agencies. According to The Nation , the plan includes accelerating the disbursement of over 100 billion baht in pending state funds, improving budget efficiency, and supporting structural economic reforms. It also seeks to fast-track private sector investment, particularly through the Board of Investment, which received applications worth 1.14 trillion baht (over $33 billion) last year.

TikTok commits $8.8bn to data centres

TikTok will invest $8.8 billion in Thai data centres over five years, including a previously announced $3.8 billion for data hosting. VP of Public Policy Helena Lersch announced the investment in Bangkok on February 28. DCD reports that TikTok, which typically leases colocation space, previously opened a $2.13 billion AI hub in Malaysia and is considering a data centre in Australia. ByteDance, its parent company, also utilises Bridge Data Centres for its Chinese operations.

Thailand condemned for ‘shameful’ mass deportation of Uyghur refugees to China

The family of a Uyghur man feared to have been forcibly deported from Thailand to China has condemned the move as “shameful.” The deportations occurred despite UN warnings that those sent back faced a “real risk of torture.” Ignoring protests from the UN refugee agency, the EU, and the US, Thailand deported 40 Uyghurs who had been detained for a decade, claiming they returned voluntarily to their families. However, speaking to The Guardian , the family of one deportee insisted it was “impossible” that the men would willingly go back to China as reported by The Guardian .

Thailand considers building a wall on its border with Cambodia

Thailand is considering building a border wall with Cambodia to curb illegal crossings and dismantle scam centres near the border, a government spokesman said Monday. Government spokesman Jirayu Houngsub stated that the proposal was discussed in a Cabinet meeting, with the Foreign and Defence Ministries assigned to consult Cambodian authorities, AA reported. He emphasised the need to study its feasibility and impact. The Cambodian government has not yet responded. Meanwhile, authorities are intensifying crackdowns on financial fraud networks, primarily run by Chinese gangs in Cambodia and Myanmar.

Gorilla Technology secures $1.8b deal for Thailand's largest smart grid and AI energy project

Gorilla Technology Group (NASDAQ: GRRR) has secured a landmark $1.8 billion deal to lead Thailand’s largest energy digitization and infrastructure transformation. Over 15 years, this AI-driven initiative will modernize power distribution, enhance security, and optimize energy efficiency nationwide. Unlike traditional infrastructure projects, Gorilla has introduced an innovative financing model to ensure long-term, sustainable funding, enabling large-scale execution while delivering lasting financial benefits to all stakeholders, according to Newsfile .

Apple Inc. has reached an agreement with Indonesia to invest in the country, clearing the way for iPhone 16 sales to resume in Southeast Asia’s largest market. Indonesian Industry Minister Agus Gumiwang Kartasasmita announced the deal during a media briefing in Jakarta. According to news outlet Kompas , the ministry will now begin the process of issuing Apple a sales permit for its latest smartphone. This agreement ends a five-month standoff that began in October when Indonesia denied Apple a permit due to non-compliance with local manufacturing requirements for smartphones and tablets.

What to know about Indonesia's sovereign wealth fund

President Prabowo Subianto launched the investment management agency Daya Anagata Nusantara (Danantara) on February 24, 2025, to optimise government investments and drive economic growth. Danantara aims to transform Indonesia’s economy by building a global sovereign wealth fund (SWF) and supporting national development. It will initially manage Rp300 trillion (US$20 billion) reallocated from inefficient spending programmes, Antara reports.

President Prabowo launches Indonesia’s first bullion bank services

President Prabowo Subianto officially launched Indonesia’s first bullion bank services in Central Jakarta on Wednesday, highlighting it as a key step in driving economic growth. The services, provided by PT Pegadaian and Bank Syariah Indonesia, will offer gold deposit options and are expected to add IDR 245 trillion to the country's GDP while creating 1.8 million jobs. “Indonesia, which holds the sixth-largest gold reserves in the world, will, for the first time, have a bullion bank. We hope this will accelerate savings and increase our gold reserves,” he said, at the event as reported by Bernama .

$200 million aid for Palestine

Indonesia launched a $200 million humanitarian aid campaign on Wednesday to support Gaza’s rebuilding. A strong supporter of Palestine, Indonesia views Palestinian statehood as a constitutional mandate against colonialism. Titled “Indonesia for Palestine: Solidarity, Real Action, and New Hope,” the campaign is led by the Indonesian Ulema Council, National Alms Agency, and NGOs, with government support. “This is not just a constitutional and religious duty but also a humanitarian emergency,” Deputy Foreign Minister Anis Matta said, aiming to turn the initiative into a movement for humanitarian diplomacy, Arab News reported.

Volcanic eruption temporarily closes Frans Xavier Seda Airport

Rans Xavier Seda Airport in East Nusa Tenggara, Indonesia, was temporarily closed on Wednesday after Mount Lewotobi Laki-Laki erupted on Flores Island, according to AirNav Indonesia. According to Social News XYZ , AirNav official I Nyoman Oka Wirama told local media that the airport, located in Sikka, would remain closed for a day until conditions were safe for flights. The closure followed a pilot’s report of a sulfur smell at altitudes between 5,000 and 11,000 feet while flying from Maumere to Kupang.

Industry experts suggest that Trump’s push to position the United States as the "crypto capital of the planet" could attract significant investment while also intensifying competition with established Asian markets.

Analysts believe this momentum could have ripple effects across the region, benefiting other digital asset-friendly jurisdictions.

The West African nation produced a record 765,000 tonnes of cotton in 2021, with most exported to Bangladesh and other countries. Efforts are now underway to process more of the fiber domestically.

"Benin is currently the largest cotton producer in Africa," said Letondji Beheton, General Manager of SIPI-BENIN SA. "We now process 40,000 tonnes annually across three integrated textile units. To fully transform our fiber production of 305,000 tonnes, we need about 30 such units," he told the AFP.

The government aims to attract investments to build these facilities within the next five to six years, fostering local manufacturing and job creation.

Agro-economist Nestor Ahoyo Adjovi highlighted the economic ripple effects. "This will create direct and indirect jobs, generate income, and stimulate growth across related services," he said.

While Benin's cotton potential is promising, producers face challenges. "Last year, I harvested 4,400 tonnes, but this season's yield is uncertain," said farmer Mathias Azonnoudo, citing unpredictable factors impacting production.

Between 2017 and 2019 , cotton production in Benin grew by 13.4%, reaching a record 678,000.3 tonnes in the 2018-2019 season, up from 597,573.2 tonnes the previous year. 

A significant incident highlighted the vulnerabilities within governmental communication systems when Prime Minister Paetongtarn Shinawatra became the target of an AI-driven phone scam. According to NDTV , the perpetrator used advanced technology to mimic the voice of a prominent world leader and solicited donations by misrepresenting Thailand’s financial contributions within the ASEAN framework. This situation underscores the increasing prevalence and sophistication of AI-enabled fraud in Southeast Asia, where crime syndicates exploit technological advancements amid regional instabilities, particularly in Myanmar.

Thailand introduces app to protect tourists

The Thai government has implemented proactive measures to bolster tourist safety by launching the “Thailand Tourist Police” application. This innovative mobile tool allows tourists to communicate directly with law enforcement through messages, photos, and location data in eight languages, ensuring 24/7 assistance. As reported by MS News , since its inception in December 2024, the app has already facilitated around 1,000 reports, with a notable peak of 200 emergency calls in a single day, reflecting its functionality and the heightened state of alert regarding security for tourists.

Isolated heavy rains and flood warning issued for Southern Thailand

The Thai Meteorological Department has issued alerts for isolated heavy rainfalls that could lead to potential flooding in southern provinces. With the northeast monsoon intensifying over the Gulf of Thailand and the Andaman Sea, critical areas such as Nakhon Si Thammarat, Phatthalung, and Narathiwat are at substantial risk. Residents are urged to be vigilant against flash floods and rough seas. Forecasts indicate that wave heights could reach two to three metres, necessitating caution for maritime activities,  The Nation  reports. 

No sign of missing Chinese model at Thailand-Myanmar border

The ongoing search for Taiwanese model Yang Zeqi, who vanished near the Myanmar border, has raised awareness regarding the dark prospects of human trafficking and the illegal labour trade. Despite joint investigations between Thai police and Myanmar authorities yielding no conclusive leads, concerns continue to mount regarding potential kidnapping scenarios perpetrated by scamming rings promising lucrative job opportunities across borders, reports The Nation .

Thailand eases regulations for long-term visa programme to attract global citizens

Thailand has restructured its long-term visa provisions by abolishing the minimum annual income requirement for the Wealthy Global Citizens category. By focusing on cumulative wealth and reducing corporate sponsorship requirements, this initiative paves the way for a more inclusive framework for prospective residents, allowing for greater flexibility in including dependents and enhancing Thailand’s status as a premier global investment hub, as vnExpress reports.

As typical of the radical Donald Trump, there is a condition.

Speaking to reporters on Air Force One on Saturday, January 25, Trump shared that his first country of visit "could be Saudi Arabia".

However, he was quick to explain that the last time he went to Saudi Arabia was when the kingdom was purchasing huge sums of US dollars in goods from the latter.

This stoked his condition that he would visit again if the offer was on the platter again.

“If that offer were right, I’d do that again,” he added.

Saudi Kingdom's intended $600 billion investment in the US during

Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud announced the kingdom's interest in investing $600 billion in the United States over the next four years.

This was said in a phone call with Trump and reported by the state-run Saudi Press Agency.

If this offer is truly right, Trump will be headed to Saudi Arabia for his first international visit since he became America's 47th president on January 20.

The Auditor General's report for 2024 reveals significant issues with Uganda's EU-funded aquaculture parks project, for which the Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) received a $10.5 million grant aimed at promoting sustainable fish farming. Key concerns include incomplete projects, lack of performance guarantees from contractors, and inadequate use of advanced funds. Specifically, a water-based Tilapia park and a land-based catfish park are unfinished despite substantial advances. The absence of secured land titles further complicates accountability. According to ChimReports , attempts to recover funds from contractors have failed, risking permanent loss of public funds. The Auditor General has urged immediate action from the Permanent Secretary to recoup funds and enforce financial safeguards in future contracts. The findings have prompted calls for increased oversight and accountability in managing public and donor resources.

Museveni woos UAE investors to Uganda

President Yoweri Kaguta Museveni of Uganda has urged global investors to engage in business opportunities within Uganda and Africa, emphasising the country’s rapid economic growth and the potential for added value in various sectors, particularly agriculture. Speaking at the Abu Dhabi Sustainability Week 2025, he highlighted Uganda's classification as a lower-middle-income country with aspirations to become a high-middle-class nation. As reported by The Independent , Museveni noted that a significant market exists in Africa, with a projected population of 2.5 billion by 2048, promising a lucrative ecosystem for investors. He stressed the importance of sustainable policies to ensure shared prosperity and cautioned against mistakes that could hinder progress. The summit included various dignitaries from Uganda's government.

Flynas celebrates its first direct flight between Riyadh and Entebbe in Uganda

Flynas, the leading low-cost airline in the Middle East, launched its first direct flight between Riyadh and Entebbe, Uganda, on January 15, 2025, as part of its growth strategy to connect Saudi Arabia with 250 international destinations by 2030. Zawya explains that The new route will operate three weekly flights and support the National Civil Aviation Strategy and Vision 2030 objectives. The inauguration event took place at King Khalid International Airport in Riyadh, attended by Flynas and Riyadh Airports Company representatives. Passengers can book flights via Flynas’s website, app, call centre, or travel agents.

Funding for refugee support

The UK has pledged $20 million to the World Food Programme for 2024/25 to support Uganda's refugee response, marking a significant increase from previous years. This funding is part of a larger GBP 25 million commitment and will assist over 800,000 vulnerable refugees through expanded cash transfers for food assistance. The initiative aims to enhance economic resilience, promote self-reliance, and provide financial literacy training. The UK's support reflects its ongoing collaboration with the WFP since 2018 and its commitment to sustainable solutions for the over 1.7 million refugees in Uganda, primarily from conflict in neighbouring countries, SoftPower News reports.

Lawyer for Ugandan opposition politician ‘arrested and tortured’

Eron Kiiza, a human rights lawyer in Uganda, was arrested and tortured after representing opposition leader Dr. Kizza Besigye in a military courtroom on January 7. Convicted of contempt of court, he received a nine-month sentence and was transferred to Kitalya prison. Colleagues who visited him reported signs of physical and mental torture, INKL reports. Human rights groups, including Amnesty International, have called for his immediate release, condemning his detention as a violation of laws. The Ugandan armed forces dismissed the torture claims as "absolute rubbish." The situation reflects a decline in the rule of law in Uganda, particularly in the lead-up to general elections, as repression of opposition figures appears to be increasing.

Once a humble DVD rental service, Netflix pioneered the streaming revolution, fundamentally changing how people access and experience entertainment. Similarly, Facebook evolved from a college networking platform into a global social media powerhouse, connecting billions of people but also raising complex debates around privacy and misinformation. Uber, the disruptor of urban mobility, redefined transportation and delivery services, making ride-hailing and food delivery a seamless part of daily life.

Tesla, meanwhile, mainstreamed electric vehicles, pushing sustainability to the forefront of the automotive industry. Amazon redefined e-commerce and logistics, setting new standards for efficiency and convenience. In technology, Apple and Microsoft continue to innovate with groundbreaking devices and software, while Google and Alibaba lead advancements in AI, cloud computing, and digital payments, creating ecosystems that power modern businesses.

Notably, Nintendo, a gaming giant founded in 1889, has proven its staying power in the ever-evolving gaming industry, maintaining its iconic status through generations of players.

While these innovators have built a digital-first world, blending convenience with connectivity, they also raise critical questions about societal impact. The rise of these platforms has sparked debates over the erosion of real-world interactions, the centralization of power in tech giants, and their role in shaping global culture and behaviour.

As these companies continue to innovate, society must balance technological progress with its implications for human connection, equity, and sustainability. Their legacy is one of transformation, but it also demands reflection on the world they are helping to create.

The data also reveals interesting insights into global wealth concentration.

Here are the top 10 countries with the highest percentages of millionaires relative to their adult populations:

Switzerland

Switzerland tops the list with the highest percentage of millionaires. Approximately 15.6% of the adult population in Switzerland are millionaires. The country's stable economy, robust financial sector, and favourable tax policies contribute to this high concentration of wealth.

Hong Kong

Hong Kong boasts a high percentage of millionaires, with 9.9% of its adult population falling into this category. Its status as a global financial hub and its strategic location in Asia contribute to its wealth concentration.

Australia

Australia has 9.4% of its adult population classified as millionaires. The country's strong economy, high standard of living, and significant investments in real estate and resources are key factors.

United States

The United States, with its large population, has a significant number of millionaires. About 9% of American adults are millionaires. The US economy's diversity and innovation, particularly in technology and finance, play a crucial role in wealth creation.

Netherlands

The Netherlands has a millionaire percentage of 8.6%. Its advanced economy, high level of social welfare, and strong financial sector support wealth accumulation.

Norway

In Norway, 8.2% of the adult population are millionaires. The country's strong social welfare system, high standard of living, and innovative industries contribute to this wealth distribution.

Denmark

Denmark has 8.0% of its adult population classified as millionaires. Its northern location in Europe, strong economy, and high quality of life are key factors.

New Zealand

New Zealand has 7.0% of its adult population being millionaires. The UK's diverse economy, strong financial sector, and high levels of foreign investment support wealth accumulation.

Singapore

Singapore, known for its business-friendly environment and strategic location, has 6.7% of its adult population as millionaires. The city-state's robust financial services sector and high levels of foreign investment are major contributors.

Canada

Canada has a millionaire percentage of 6.7%. Its stable economy, high quality of life, and strong real estate market help in wealth creation.

What is the percentage of millionaires in your country?

"The BRICS do not emerge as something anti-something, anti-West, or anti. On the contrary, after the 2008 crisis, countries, the major developed economies, sought the participation, the collaboration of the BRICS countries in the effort to relaunch the global economy.," Saboia stated, underscoring the group's focus on collaboration rather than confrontation.

This sentiment reflects the bloc's broader strategy of enhancing trade, investment, and technological exchange among its members, which include Brazil, Russia, India, China, and South Africa, along with recent additions such as Iran, Egypt, Ethiopia, and the United Arab Emirates.

Saboia's remarks come at a time of heightened global tensions, with incoming U.S. President Donald Trump threatening to impose tariffs on BRICS nations if they undermine the U.S. dollar.

Angolan President Joao Lourenco will visit Oman on December 19, 2024, to enhance bilateral relations across various sectors. Key discussions will also cover cultural and educational ties, with potential agreements for scholarship exchanges and improved maritime connectivity to facilitate trade and tourism, Muscat Daily reports. Trade between Oman and Angola saw a significant increase, with exchanges reaching approximately RO3.2 million ($669,584) at the end of 2023, a 145.1% rise from the previous year.

Frontier licensing round in early 2025

Angola plans to launch a frontier licensing round in early 2025, as reported by Energy Explored . The initiative aims to attract investment in the oil and gas sector while also addressing the industry's transition towards cleaner energy sources like the lightly explored Kwanza and Benguela basins.

Isabel dos Santos hits out over UK's 'dirty money' sanctions

Isabel dos Santos, once Africa's richest woman, has criticised the UK for imposing sanctions on her due to allegations of corruption, claiming she has not been found guilty of any crime. The UK government labelled her a "notorious kleptocrat" and enforced an asset freeze and travel ban based on accusations that she embezzled at least £350 million from Angola. According to the BBC , Dos Santos asserts that the actions against her are politically motivated and lack due process, emphasising that she has been targeted as part of an anti-corruption drive by Angola's current leadership, which she accuses of betraying her father's legacy.

Angola cables propel West Africa’s digital transformation

Angola Cables is driving digital transformation in West Africa through its subsidiary, TelCables Nigeria, by establishing a new point of presence (PoP) at the Lagos Rack Centre. This expansion is designed to enhance digital connectivity and provide faster internet access for various sectors in the region. With an extensive submarine cable network and partnerships extending globally, TelCables aims to improve IT solutions since entering the market in November 2022, reports Tech In Africa .

Shell eyes Angola re-entry after 20-year absence

Shell is considering re-entering the Angolan oil market after a 20-year absence. This potential move highlights the company's ongoing interest in significant oil and gas projects, as well as its efforts to transition towards cleaner energy sources amid the evolving dynamics of the global energy industry, Upstream reports.

Colombia is making significant strides in its energy and security sectors. The nation is working to expedite the production timeline for its offshore gas discovery at the Sirius-2 well, which could potentially triple its gas reserves, significantly impacting its energy landscape. According to World Oil , Mines and Energy Minister Andrés Camacho is proactively collaborating with various government agencies to streamline the permitting process, aiming for initial production sooner than the anticipated 2029. This urgency arises as Colombia faces a projected natural gas shortfall, with demand surpassing supply by 5% in 2024 and escalating to 17% by 2026. Despite this challenging scenario, Camacho reassures that immediate substantial imports are not necessary, suggesting a controlled management of energy resources in the interim.

Solar energy investments

In parallel to these developments, Colombia is poised to invest US$35 million in solar energy projects within the Caribbean region. This initiative reflects the country's commitment to enhancing its renewable energy portfolio, further diversifying its energy mix and contributing to a sustainable future, BN Americas reports.

Beach soccer 2024

On an international stage, the sporting world witnessed thrilling competition at the Acapulco Beach Soccer Cup 2024, where Spain narrowly defeated the USA with a score of 8-7 after extra time. Beachsoccer reports that Colombia also showcased its prowess by defeating Mexico 5-4, with notable performances from Esleider and Wilmar. Upcoming matches promise further excitement, with the USA set to clash against Colombia while Mexico takes on Spain.

Drug trafficking arrests

In matters of security, Colombian authorities have made a significant breakthrough by arresting Christopher Neil, a suspected British drug trafficker with links to the Clan del Golfo cartel. His alleged role in facilitating cocaine trafficking from Colombia to the UK highlights the challenges faced by law enforcement in combating drug-related crimes. The operation that led to his capture, enhanced by drone surveillance techniques, signifies the evolving tactics in drug enforcement. Colombian President Gustavo Petro has underscored the importance of this arrest, which involves serious charges including conspiracy to traffic cocaine and money laundering, Evrimagaci reports. This case reflects the heightened awareness and the adaptive strategies that Colombian officials are deploying to dismantle sophisticated drug trafficking networks.

Air travel connectivity

Lastly, the expansion of Tulum International Airport marks a significant milestone in connectivity, as new flights from Avianca Airlines (Colombia) and Discover Airlines (Germany) enhance international travel. Avianca’s inaugural flight from Bogotá marked a new chapter in the airport's operations, which now includes its first non-North American destination, Mexiconewsdaily reports. Discover Airlines’ new route from Frankfurt, accommodating 199 passengers, further bolsters Tulum's appeal as a travel and business hub. With the airport exceeding its first-year goal of welcoming over 1 million passengers, the local government, led by Quintana Roo Governor Mara Lezama, is optimistic about the potential for tourism growth and international relations. 

Vietnamese businesses encountered significant vulnerabilities in cyberspace, with over 1.44 million cyberattacks reported in the first half of 2024, translating to more than 8,000 incidents daily, as per findings from Kaspersky. Within Southeast Asia, a staggering 26 million web threats were detected and thwarted during this timeframe, with Malaysia being particularly hard hit, registering over 19.6 million individual attacks. The escalating digital transformation in the region has been identified as a catalyst for increasing cyber risks, posing potential disruptions to critical sectors such as supply chains and healthcare, Tuoi Tre News reports .

PM says incentive mechanisms needed for semiconductor industry

Prime Minister Phạm Minh Chính underscored the urgency for robust incentive mechanisms and strategic policies to bolster Vietnam's semiconductor industry during the inaugural meeting of the National Steering Committee for Semiconductor Industry Development on December 14, 2024. He celebrated the strategic significance of the semiconductor sector and called for holistic engagement from government entities, commercial enterprises, and international partners. According to Vietnam News , proposed initiatives entail the establishment of an investment support fund, revisions to tax and fee policies, as well as a comprehensive human resources development plan aimed for implementation by 2030. Specific responsibilities were designated to various ministries; the Ministry of Planning and Investment is charged with overseeing the investment fund and human resource strategies, while the Ministry of Information and Communications will focus on the progression of specialised chips.

Việt Nam needs $14 billion to develop EV charging stations

On the forefront of sustainable development, Vietnam is poised to secure approximately $14 billion in investments to establish a comprehensive network of electric vehicle (EV) charging stations, integral to its aspirations for a green transport system and achieving net-zero emissions. Vietnam News reports that this strategic investment is paramount for curbing greenhouse gas emissions, stimulating economic growth, and generating employment opportunities amidst the burgeoning demand for EVs. Projections from the World Bank reveal that $2.2 billion will be requisite by 2030, escalating to $13.9 billion by 2040, and $32.6 billion by 2050 to adequately address the EV demand trajectory. Leading manufacturers, such as VinFast, are spearheading this initiative by investing in and adopting a franchise model aimed at broadening the charging network's reach.

Vietnam becomes top banana supplier to China

In the agricultural sector, Vietnam has emerged as China's leading supplier of bananas, marked by a remarkable 19.6% increase in imports from Vietnam, juxtaposed with a 39.2% decline in imports from the Philippines. This shift has been largely attributed to adverse weather conditions and diseases impacting banana production in the Philippines, leading to price hikes. Major Chinese retailers, including Aeon supermarkets, have made a strategic decision to stock exclusively Vietnamese bananas, which are recognised for their consistent quality and competitive pricing. Nonetheless, Vietnamese exporters as reported by vnExpress grapple with various challenges, such as price volatility during harvest periods and stringent Chinese quarantine regulations that must be adhered to.

Vietnam's e-commerce revenue to surpass a record US$25bil in 2025

Lastly, the e-commerce landscape in Vietnam is on a trajectory of rapid growth, with projections indicating that revenue could surpass US$25 billion by 2025. The B2C market is anticipated to experience growth rates of 18-20% in early 2024. The electronic portal established for foreign suppliers has recorded 116 registrations, contributing significantly to Vietnam's revenue, amounting to 19.8 trillion VND (approximately US$779.4 million). Notably, direct revenues generated through this portal reached 8.7 trillion VND (about US$342.4 million), showcasing a substantial increase of 26% from the previous year, The Star reports.

The Algerian embassy in Tanzania commemorated its liberation revolution's 70th anniversary , signifying a deep-rooted partnership between the two nations. Ambassador Ahmed Djellal underscored Algeria's dedication to freedom and self-determination, whilst Tanzanian Minister Dr. Khalid Salum Mohamed acknowledged Algeria's pivotal role in pan-African unity through initiatives like the African Union. Both nations are focused on enhancing bilateral cooperation, particularly in energy, trade, and security, addressing common challenges affecting the continent.

Building collapse

The collapse of a four-storey building in Dar es Salaam highlights the urgent need for rigorous construction regulations. The incident , which claimed the lives of at least 13 individuals and injured many others, has stirred public concern regarding building safety. The government has responded by promising audits and reinforced oversight, aiming to prevent future tragedies in a city under pressure from rapid development.

China pledges support

Economic partnerships are also evolving, as China vows to bolster Tanzania's tourism sector, targeting the attraction of 5 million tourists by 2025. This commitment includes significant investment in tourism infrastructure, which is critical as Tanzania seeks to enhance its global appeal amidst growing competition in the region. The establishment of the Ngorongoro-Lengai Geopark Information Center is a noted initiative that embodies these efforts, aligning with broader cooperation frameworks such as the Belt and Road Initiative.

Tanzania attains 128% sufficiency without GMOs

Agricultural progress in Tanzania has reached a noteworthy 128% food sufficiency level, distinguishing the nation as a net exporter without resorting to GMOs. President Samia Suluhu Hassan's emphasis on sustainable farming practices aligns with global movements advocating against genetically modified crops. This strategy reflects a commitment to biodiversity and local agricultural systems, offering a model for other nations grappling with food security.

Bilateral cooperation

Indonesia and Tanzania are enhancing bilateral cooperation through initiatives discussed at the recent G20 Summit, focusing on energy, trade, and human resource development. The proposed preferential trade agreement and strengthened educational initiatives in the agriculture and oil sectors signify a commitment to mutual growth and South-South cooperation, further solidifying their international partnerships. Both countries remain vigilant in supporting humanitarian causes, emphasizing shared values in an increasingly interconnected global landscape.

For Mark Zuckerberg, the co-founder of Facebook, now Meta, became a billionaire at the age of 23. His rapid ascent was driven by the explosive growth of the social media platform.

Larry Page, one of the co-founders of Google, however, hit the billionaire mark at 30, thanks to the success of the search engine giant.

The Microsoft co-founder, Bill Gates became a billionaire at 31, setting a precedent for tech entrepreneurs.

American-French entrepreneur best known as the co-founder and CEO of Snap Inc., the parent company of Snapchat, Evan Spiegel became a billionaire at 25.

Jeff Bezos, the founder of Amazon reached billionaire status at 35, as his e-commerce platform began to dominate the online retail space.

Steve Ballmer, another Microsoft giant, became a billionaire at 38, benefiting from the company's sustained growth.

Known for his ventures with Tesla and SpaceX, Elon Musk became a billionaire at 41, after years of innovative projects and investments.

The media mogul and philanthropist, Oprah Winfrey became a billionaire at 49, after building a media empire from her talk show.

The legendary investor and CEO of Berkshire Hathaway, Warren Buffett reached billionaire status at 56, showcasing the power of long-term investment strategies.

South Africa is already the UK's largest trading partner on the African continent, with bilateral trade amounting to approximately 133 billion rand (about $7.62 billion) in 2023.

The two nations have committed to a new growth plan aimed at driving economic development and deepening trade and investment ties. This plan includes initiatives to increase agricultural jobs in rural South Africa and boost exports to the UK.

"I am pleased that we have reaffirmed the importance and the strength of our bilateral trade and investment relationship, and that we have reiterated our resolve to continue working together to remove obstacles to bilateral and regional trade and investment," South Africa's Minister of International Relations and Cooperation, Ronald Lamola said.

On the defence front, the UK and South Africa have pledged to deepen their cooperation in counter-terrorism efforts. This collaboration is part of a broader strategy to address shared security challenges and promote regional stability.

"Ensuring the safety of our people is critical. I'm pleased that today we've agreed to deepen our collaboration on defence security through defence staff talks and greater collaboration on counter-terrorism particularly. And further, we are working together to advance science and innovation, addressing shared health priorities and working together to empower women and girls," David Lammy, UK's foreign secretary added.

This visit is part of Lammy's first official tour of Africa as Foreign Secretary, which also included a stop in Nigeria to discuss similar economic and security partnerships. The renewed focus on South Africa highlights the UK's strategic interest in fostering strong ties with key African nations.

In addition to the official talks, Britain's Prince William visited South Africa , meeting with President Cyril Ramaphosa and participating in environmental conservation activities.

According to him, the US has more work to do as far as investment in technology is concerned if they will be able to compete better with China.

“There is a recognition that this is the most significant challenge in our history,” Campbell told the House Foreign Affairs Committee.

China’s Foreign Ministry Spokesperson, Lin Jian, reacting to the comments described it as a complete disregard for facts and an open and wanton exaggeration of the China threat.

“This is full of Cold War zero-sum thinking and ideological prejudice. China expresses strong dissatisfaction. The United States views the international situation and defines China-US relations from a perspective of strategic competition, mistakenly regarding China as the greatest challenge,” he was quoted by AFP.

He further urged the U.S  to stop distorting China’s strategic intentions and spreading the China threat theory.

Agribank, a fully state-owned bank, plans to issue 10 million bonds with a total value of $393.5 million to the public. The bonds will have a tenor of ten years with an interest rate of 2-3% higher than the average savings deposit interest rate. The issuance aims to raise capital for the economy’s loan demand, particularly for agriculture and rural development, and small- and medium-sized enterprises. Interested investors, both Vietnamese and foreigners, may register to purchase the bonds from July 11 to August 14. The bonds can also be used as collateral for bank loans at favourable interest rates, Ein News reported.

Gold smuggling

A trial has begun for a group accused of smuggling 4,830kg of gold from Cambodia into Vietnam. The gang aimed to take advantage of the price difference between the two countries, expecting to make around $700,000 from the illegal deal. The trial is expected to last three days, with the defendants accused of smuggling over six tonnes of gold bars. According to Vn Express , the group made a profit of over $697,000 from the illicit trade, with one defendant profiting over $544,000. An arrest warrant has been issued for a suspect who fled the country before prosecution began.

Investment from South Korea

Vietnam anticipates a surge in investment from South Korea, with tens of billions of dollars expected soon. South Korea is a leading investor in Vietnam and is also a major contributor to official development assistance. The Vietnamese government is focused on attracting quality and sustainable foreign investment, with a priority on key sectors such as electronics, renewable energy, and digital economy, Vietnam News explained. Korean enterprises are encouraged to participate in Vietnam's infrastructure projects. A forum and business matching event were held to promote bilateral cooperation between Vietnamese and South Korean businesses.

Media visibility for businesses

Vietnamese businesses now have easier access to global media outlets through international press release distribution services. This opportunity allows companies to expand their reach beyond local borders and build trust with customers and investors. Việt Nam News , in partnership with Media OutReach Newswire, offers reliable and expert press release distribution services, providing access to a network of over 1,500 news outlets worldwide. This collaboration aims to enhance the global visibility and credibility of Vietnamese businesses in the international market.

Securities trading

In June, the number of securities trading accounts in Vietnam increased by 106,580, mostly from individual investors. Foreign investors also opened 185 accounts. In the first half of the year, there were a total of 750,000 new accounts, bringing the total number of accounts for domestic individual investors to nearly eight million, according to Vietnam Plus . Vietnam aims to have nine million accounts for securities trading by 2025 and 11 million by 2030.

Trinity is the largest private employer in the country and counts the government among its shareholders, and Geleta says it wants to expand its presence.

He highlights the ability to register a company in a matter of hours cost-free and the engagement of ministers at the highest levels with the business community. Departments within the government share a common vision which stems from President Paul Kagame, Geleta told Global South World.

Kagame is seeking a fourth term as president in elections this week after leading the country since 1994. Last time around he claimed nearly 99% of the vote.

The president has some vocal critics in the West - including Human Rights Watch who accuse him of stifling free speech in politics and the media. Geleta, however, credits the president with making the country an example for its neighbours.

“There's that common vision that comes through all the different [government] departments, and they're all focusing on the same thing. And I think that goes down to the president's vision and his leadership, which is very aligned,” Geleta said in a video interview.

He added: “The amount of discussions with ministers and mayors who have said to me: ‘Look, we need to get this done, it’s in my performance contract. If I don't get this done, I'll be sitting without a job.’ We see this very performance-driven country.”

Holistic approach

Rwanda has been one of the best-performing east African economies for decades and the World Bank predicts growth will average over 7% for the next two years. However, the focus on development is not purely economic. Sustainability and a people-focused approach are at the core of decision-making, Geleta says. An example - the country has the world’s highest proportion of female members of parliament.

“Any international investor that wanted to come and work in Rwanda, if they weren't complying with international standards, they wouldn't last very long, because the government is really, out of any country I’ve worked in, it's a country that is really committed to its people and, and growing the country into something of substantial.”  

According to Ruto, the investment is a vote of confidence in the institutions that have been at the forefront of driving economic growth and addressing developmental issues across Africa. His commitment to these institutions is further grounded in a belief that for others to invest in Africa, African nations must lead by example.

“Nations in this continent, we must begin to understand that if others are to believe in our institutions, we must believe in them first, as the owners...We must believe in ourselves for others to believe in us, and we must invest in these institutions for others to invest in them,” he said on Wednesday, May 29 in Nairobi .

Ruto mentioned that additional capital would be allocated to the Bujumbura-based Trade and Development Bank (TDB).

The decision to invest in these financial institutions, according to Ruto was influenced by the banks' strong financial performance and the anticipated dividends. He encouraged both public and private sectors to consider similar investments.

“I was motivated by the profits I saw and the dividends that will be paid, and I think it’s a very worthwhile investment and I want to encourage public and private entities to equally invest,” Dr Ruto said.

The Afrexim Bank and the AfDB have been instrumental in funding trade-related projects and infrastructure development, respectively.

Afrexim Bank, which provides loans to African businesses and governments for trade-related projects, is owned by African governments, financial institutions both within and outside the continent, and various private investors.

It has seen a significant increase in profits, reporting a 66 percent rise to $756.1 million last year and paying out a dividend of $264 million.

Similarly, AfDB's earnings from loans and investments rose by 123 percent to $1.73 billion, with a net income before distribution reaching a historic high of $545 million.

Former Egyptian presidential candidate Ahmed Tantawy has been sentenced to one year in prison for incitement and assisting in the unauthorised printing and circulation of electoral process papers. Tantawy and his campaign director Mohamed Abu El-Diya were also banned from running for parliamentary elections for five years. The court imprisoned 21 members of his campaign with the same sentence. Human Rights Watch has condemned the charges as retaliation for Tantawy's peaceful campaign. According to Jurist News , the charges were brought in accordance with a law prohibiting the printing or distribution of election ballots, which HRW has condemned as incompatible with international human rights law.

  Economic cooperation with Malaysia

Egyptian Minister of Trade and Industry Ahmed Samir has discussed deepening economic cooperation with Malaysian Minister of Agriculture and Commodities Datuk Johari Abdul Ghani. They explored areas such as industry, investment, and potential collaborations, including a Malaysian palm oil storage and refining hub in the Suez Canal Economic Zone. The two countries also discussed the resumption of direct flights and major commodities traded between them. Both ministers expressed interest in strengthening cooperation and utilizing each other's advantages, Daily News Egypt reports. In 2023, Egypt and Malaysia reached a trade volume of $777m.

  Local currency bonds

Egypt declined to accept bids at an auction for local currency treasury bonds, following the devaluation of its currency and other measures to improve investor confidence. The finance ministry balked at paying the high interest rates demanded by investors, leading to the rejection of bids for three- and five-year bonds. According to local news platform Nasdaq , foreign investors have recently resumed treasury bill purchases.

  Investments in tourism

Egypt welcomes Saudi investments in tourism, with the head of the Saudi Chambers Union praising the strong relations between the two countries. Saudi investors are looking to enter the Egyptian market through tourism, particularly on the North Coast. Additionally, Saudi Arabia is making significant strides in the digital economy and aims to be a hub for investments related to digital transformation across all sectors. The "Invest in the Digital Economy" forum discussed the potential for Amman to become the capital of the digital economy and highlighted the promising prospects offered by various fields of the digital economy for emerging countries, Egypt Today reports.

China, Egypt bilateral relations

China's President Xi Jinping met Egypt's President Abdel Fattah al-Sisi in Beijing, Alarabiya News reports. The meeting occurred as Beijing hosted a forum to deepen ties with Arab leaders.

Walmart intends to invest approximately $700 million in Guatemala over the next five years, as the company's Central America head stated on Wednesday. The announcement, made by regional executive Cristina Ronski, coincided with the groundbreaking of a new store in the Central American nation. This announcement follows closely on the heels of the company's commitment to invest around $600 million in Costa Rica over the same period, revealed during the groundbreaking ceremony for a new distribution centre, as reported by Investing.com . Walmex, Walmart's Mexico and Central America unit, reported double-digit same-store sales growth in Guatemala, Nicaragua, and Honduras during the first quarter. Costa Rica experienced low- to mid-single-digit growth during the same period.

China rejects Guatemala shipments

Guatemalan President Bernardo Arevalo confirmed on Friday, May 24 that China had refused entry to certain shipments from the Central American nation, raising speculation that it could be linked to Guatemala's relationship with Taiwan. The day prior, Guatemala's exporters' association reported that seven containers of macadamia nuts had been unable to enter China, and traders were informed that Guatemalan macadamia nuts and coffee would be barred entry, as per WTAQ . Guatemala maintains diplomatic ties with Taiwan, while Beijing asserts that both China and Taiwan belong to "one China," a claim rejected by Taiwan. “As you know, the inauguration of the new Taiwanese government, which Guatemala has ties with, was a few days ago,” Arevalo said, speaking in a live question-and-answer session on TikTok. “There could be some dispute with China related to this.”

Japan collaboration

On Wednesday, May 22, Japanese Foreign Minister Yoko Kamikawa and her Guatemalan counterpart, Carlos Ramiro Martinez, agreed to initiate policy consultations to enhance bilateral relations. According to Nippon , the two countries aim to strengthen their ties based on principles such as democracy and the rule of law, covering topics such as immigration, poverty, women's participation in peacebuilding, nuclear disarmament, and climate change. Speaking at the meeting held at Tokyo's Foreign Ministry's Iikura Guest House, Kamikawa highlighted Guatemala as a key partner sharing values and principles with Japan, expressing a desire to deepen bilateral ties. Martinez affirmed his nation's unwavering support for Japan on nuclear disarmament.

Missing hiker found

Zain Wailany, a 26-year-old man from Gwinnett County, went missing during a solo hike in Guatemala and was found days later. He was located on Saturday, May 25 in the morning and is being taken to a local hospital. Wailany originally went missing on the night of Tuesday, May 21, while hiking the Volcan de Acatenango, near Antigua. His current condition is unknown, reports Atlanta News First .

Guatemala affirms support for Taiwan

During a meeting between Guatemalan Minister of Foreign Affairs Carlos Ramiro Martinez and Japanese Minister of Foreign Affairs Yoko Kamikawa on Wednesday, May 22, Guatemala reiterated its support for Taiwan. Martinez's delegation, which attended President William Lai's inauguration ceremony in Taiwan on Monday, May 27, departed for Japan on Wednesday, reports the Taipei Times . Despite Guatemalan President Bernardo Arevalo's inability to attend the ceremony in person, he arranged a video conference with Lai on Tuesday, May 28, to convey his congratulations, as mentioned by Latin American and Caribbean Affairs Department Deputy Director-General Chang Tzu-hsin during a regular news briefing.

Thailand's soft-power policy has yielded a 3.69 billion baht windfall, with over 800 foreign filmmakers showing interest in the "Land of Smiles" as a filming destination. The Department of Tourism (DOT) reported a surge in interest during its participation in the 77th Cannes Film Festival in France from May 14 to 25. According to The Star , the DOT estimates that inquiries at the festival will lead to over 3.69 billion baht in investments. The DOT received inquiries from over 800 filmmakers, attracted by the government’s 20% cash rebate for foreign film crews working in Thailand, and sought information on Thai films, series, and film crews. Additionally, 30 producers and filmmakers are ready to invest in projects in Thailand, the DOT noted.

Azerbaijan Independence Day wishes

The King of Thailand congratulates President Ilham Aliyev on Azerbaijan Independence Day and expresses hope for continued cooperation between the two countries in various areas, Azernews reports. In the letter, King of Thailand Maha Vajiralongkorn wrote, "His Excellency Mr Ilham Aliyev, President of the Republic of Azerbaijan, on the occasion of the Independence Day of the Republic of Azerbaijan, allow me to extend my cordial congratulations and best wishes for the good health and happiness of Your Excellency, as well as for the peace, progress, and prosperity of the Republic of Azerbaijan and its people. Thailand and the Republic of Azerbaijan have enjoyed a fast-growing relationship in multiple areas of common endeavour."

NEC Corporation and NEC Thailand collaboration

NEC Corporation (Thailand) Limited (NEC Thailand) has announced a strategic partnership with AIRA Factoring Public Company Limited (AIRA Factoring) to enhance digital supply chain finance solutions through innovative technology and collaboration. This partnership highlights NEC Thailand’s dedication to utilizing its digital expertise to offer comprehensive support and opportunities for clients and markets throughout Thailand. According to Thailand Business News , NEC Thailand and AIRA Factoring will collaborate as non-exclusive partners to deliver a range of key services.

Strong banking system

The Thai banking system is strong, with high levels of capital and liquidity. Profitability improved in Q1 2024, but monitoring is needed for small SMEs and vulnerable households to prevent NPLs. The banking system’s loan growth turned slightly positive at 0.7% YoY, attributed to the expansion of large corporate loans in the manufacturing sector. Thailand Business News reports that the NPL ratio increased to 2.74% primarily from corporate loans and mortgage loans. Profitability improved from the previous quarter, but there is a need to monitor the debt serviceability of small SMEs and certain vulnerable households with slow income recovery.

Higher labour quota from Israel

Thailand's Labour Minister plans to ask Israel to raise its quota for Thai workers during an official visit. The focus will be on increasing job opportunities, ensuring proper wages, and addressing the living and working conditions of Thai workers in Israel. Bangkok Post reports negotiations will also include the safe employment of Thai nationals and the release of those held in Gaza. The Department of Employment has lifted its suspension of sending workers to Israel, with assurances of safety measures in place from the Israeli embassy.

The Confederation of Zimbabwe Industries (CZI) annual survey shows a stagnation in the manufacturing sector's performance, with declining capacity utilisation and contribution to GDP. According to The Zimbabwe Mail , despite increased investments, output has not risen. Manufacturers expressed concerns about the economic outlook and trade readiness, with doubts about competing effectively in the global market. Strategic interventions are needed to revitalise the sector.

Zimpaper ranked among the top 200 superbrands

Zimbabwe Newspapers Limited (Zimpapers) has three brands, including The Herald and Star FM, ranked among the country's Top 200 Superbrands. According to the Marketers Association of Zimbabwe, these brands are positively impacting the lives of consumers and have been dominating the market. The Herald adds that the Top 20 brands will be announced at the end of the year after further research.

Botswana collaborations

Zimbabwe and Botswana are strengthening their relations through economic diplomacy, leading to increased trade and regional integration. Despite illegal sanctions, the two countries are focused on self-reliance and empowerment. According to The Herald , the emphasis is on economic creativity, food security, and empowering young people and rural women. Both countries are working towards becoming regional trade and investment centres. The Botswana Ambassador promised to continue pursuing cooperation and partnership between the two countries.

World Press Freedom Day

MISA Zimbabwe marked World Press Freedom Day with a focus on the environmental crisis. The organisation highlighted the media’s role in raising awareness and addressing urgent environmental challenges, such as climate change and deforestation. They emphasised the importance of using media platforms to empower communities, hold decision-makers accountable, and advocate for sustainable policies, The Herald reports.

Investment pull

Zimbabwe's Finance Minister, Professor Mthuli Ncube, will lead the Capital Markets and Investment Promotion Conference in London next month. The event aims to attract foreign capital and showcase investment potential in various sectors. The Zimbabwe Mail reports that the conference will feature presentations from industry representatives and companies listed on the Victoria Falls Stock Exchange, with a focus on creating strategic partnerships and attracting institutional investors. The goal is to position Zimbabwe as a promising investment destination and drive sustainable growth and development.

President Kais Saied of Tunisia has embarked on a historic visit to Tehran, marking the first instance of a Tunisian leader visiting Iran. According to the Tehran Times , the unexpected journey was motivated by President Saied's intention to honour the late Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir Abdollahian, who tragically perished in a helicopter crash in northwestern Iran on Sunday. Previously, President Saied had met with his Iranian counterpart during various summits, where they agreed to enhance cooperation and strengthen the relationship between Iran and Tunisia.

Support for Saied amid lawyers' strike

Tunisia protestors rallied in support of President Kais Saied amid a lawyers' strike prompted by the violent arrest of lawyer Sonia Dahmani. International organisations and foreign authorities have expressed concerns over the arrests, with President Saied speaking out against foreign interference. The strike and protests were in response to the raid of the Bar Association offices in Tunis and the arrest of Dahmani, who was charged with distributing false information and disrupting public order as reported by Jurist News . The protestors gathered in front of the Municipal Theatre of Tunis carrying banners condemning foreign interference, and the presence of migrants, and affirming Tunisia’s independence and sovereignty.

Journalist arrested over social media posts

Tunisian journalist Houssem Hajlaoui, co-founder of the independent news website Inkyfada, was arrested over old social media posts from 2020-2023. The Committee to Protect Journalists is calling for his immediate and unconditional release, citing concerns over the government's targeting of journalists and civil society figures. Hajlaoui's arrest is part of a wider crackdown on independent media and civil society in Tunisia.

Foreign investments soar

Foreign direct investments (FDI) in Tunisia reached 516.8 million dinars during the period, marking a 27.7 percent increase year-on-year. However, portfolio investments fell by 98 percent, totalling just 600,000 dinars, reports Azad News Agency . By sector, FDI in manufacturing led with 250.5 million dinars, followed by the energy sector with 176.9 million dinars, the services sector with 84.5 million dinars, and the agricultural sector with 4.9 million dinars, according to FIPA.

IMARS load training exercise

The U.S. Air Force and Army conducted a joint training exercise with the Tunisian Air Force to practice loading the M142 HIMARS rocket system onto a C-130J Super Hercules. The exercise took place at Ramstein Air Base in Germany, involving Tunisian and U.S. Air Force loadmasters and U.S. Army HIMARS personnel. According to Dvids , the training aimed to ensure precision and safety in the loading process, as the HIMARS system can be transported aboard aircraft for rapid deployment. The exercise was part of the larger African Lion exercise, which focuses on strengthening readiness and interoperability among participating nations.

In 2023, however, investments reduced to $2.27 billion just like pre-2016. This is highlighted by Eghosa Omoigui from EchoVC according to a report filed by Africanews .

An explanation given by the former UN Chief Innovation Officer, Dr. Gabre-Madhin , suggests that the African venture capital is going through the mill due to the unavailability of domestic sources. Hence, she advises the building of sturdy investment hubs in Africa to maintain startups on the continent.

"The most important structural issue is that the base of venture capital in Africa is almost entirely foreign investment," she said .

Additionally, Dr. Gabre-Madhin took the initiative and launched the Timbuktoo Fund at the World Economic Forum (WEF) in Davos earlier this year, which opens African tech entrepreneurs up to $1 billion .

"One of the most important initiatives... is to mitigate single-country risk by going across borders as soon as possible," she said as she expanded that it will take the unity of multiple African countries to see a change in the venture capital landscape.

According to the Sudan Tribune , in 2015, South Sudan entered into another agreement with QNB outlining a repayment plan for the outstanding loan. The loan was restructured in 2016 and further supplemented in 2018 at South Sudan's request for additional funds, with a repayment period of 15 years commencing in 2019.

Despite these arrangements, South Sudan failed to meet its repayment obligations, leading to QNB initiating legal proceedings against the landlocked nation.

The backdrop of South Sudan's challenges includes a protracted civil war spanning from 2013 to 2020. President Salva Kiir's accusations against former Vice President Riek Machar of an attempted coup triggered the conflict, resulting in approximately 50,000 casualties and displacing 1.6 million people.

According to the Gallup report , Africa is driven by various geopolitical factors, such as securing access to vital minerals and disputes over debt relief.

In 2023, China recorded its highest approval rating in decades across Africa, with significant increases notably observed in countries like Ghana, Côte d’Ivoire, and Senegal. Meanwhile, the US saw its overall approval rating dip by 3%.

“Of the four global powers (China, the US, Germany, and Russia) asked about, the U.S. was the only one not to see its image improve across Africa in 2023. Meanwhile, China’s approval in the region rose six percentage points, from 52% in 2022 to 58% in 2023, two points ahead of the U.S.,” the report indicated.

The decline in US approval ratings was particularly pronounced in Uganda, where it plummeted by 29%. This drop followed Uganda's exclusion from benefits under Washington’s African Growth and Opportunity Act due to the country's implementation of stringent anti-LGBTQ legislation.

According to the report, the United States' approval ratings have also declined in both the Gambia and Kenya.