Germany's September Retail Sales Rose 2.2% Month-on-Month
Recently, data released by the Federal Statistical Office of Germany (Destatis) showed that Germany's September retail sales increased by 0.2% month-on-month, meeting market expectations. The previous figure was a decrease of 0.2%. The year-on-year increase was merely 0.2%, significantly lower than the market expectation of 1.9% and the previous value of 1.8%.
Mexico Cuts Economic Growth Forecast to 0.3%
On November 26, the Bank of Mexico announced that it has revised down the country's economic growth forecast for 2025 from 0.6% to 0.3%. However, the growth forecast for 2026 remains unchanged at 1.1%. The Mexican central bank stated that the international situation remains complex. Factors such as potential shifts in US economic policy direction could impact the pace of its economic expansion and lead to reduced external demand for Mexican goods.
UAE Announces $1 Billion Investment to Expand AI in Africa
The United Arab Emirates has recently announced a $1 billion investment to promote the development of AI infrastructure and services in Africa. UAE Minister of State Said Al Hajeri announced the plan at the G20 Summit in South Africa. He stated that this initiative covers areas such as education, healthcare, and climate adaptation, aiming to build a responsible and inclusive AI system.
