SHANGHAI, May 22, 2024—J.P. Morgan has revised its forecast for China’s economic growth in 2024, now estimating a 5.2 percent increase, up from the previous projection of 4.9 percent.
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This section brings you news reports from around the world, covering global events, politics, economy, and more. Stay informed with the latest international updates and developments.
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China’s Online Retail Sales Surge by 11.5% in Early 2024
Beijing, May 21, 2024 – China’s online retail sector continues to thrive, posting an impressive 11.5 percent growth in the first four months of 2024, as reported by Xinhua on Tuesday.
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European Council Grants Final Approval to Groundbreaking AI Act
In a landmark decision on Tuesday, ministers from the European Union (EU) member states have given their final approval to the bloc’s comprehensive Artificial Intelligence (AI) Act.
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Chinese, Saudi Officials Discuss Strengthening Economic Ties
He Lifeng, a senior Chinese official, met with Saudi Arabia’s Minister of Finance, Mohammed bin Abdullah Al-Jadaan, on Monday. The high-level talks focused on bolstering China-Saudi Arabia economic and trade relations, enhancing global economic governance, and addressing other pertinent issues.
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Saudia Airlines Announces Major Purchase of 105 Airbus Planes
In a significant move to expand and modernize its fleet, Saudia Airlines, the national carrier of Saudi Arabia, announced on Monday a deal to purchase 105 Airbus aircraft, specifically the A320neo and A321neo models.
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Pakistan Mourns Death of Iranian President in Helicopter Crash
Pakistan on Monday expressed profound grief over the tragic death of Iranian President Seyyed Ebrahim Raisi, who perished in a helicopter crash. The accident also claimed the life of Iranian Foreign Minister Hossein Amir-Abdollahian and several other officials, casting a pall of sorrow over both nations.
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China Posts 14.68% Jump in Used Vehicle Sales in April 2024
Beijing, China – In a significant boost to the automotive sector, China’s used vehicle sales surged by 14.68 percent year-on-year in April 2024, according to industry data released by the China Automobile Dealers Association (CADA).
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Pakistan Prays for Safety of Iranian President in Helicopter Incident
Islamabad, Pakistan – On Sunday, Pakistan’s leadership and citizens united in prayer for the safety of Iranian President Seyed Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian following a helicopter incident.
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ADB Approves $148.5 Million to Enhance Indian Electricity System
The Asian Development Bank (ADB) has greenlit a loan of $148.5 million aimed at bolstering the electric distribution system and improving the resilience of the electricity supply in Sikkim, India.
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Prices of Vehicles Decline by 3% in Saudi Arabia
The General Authority for Statistics of Saudi Arabia has revealed a notable decline in the prices of vehicles, marking a 3% decrease in April 2024 compared to the previous year.
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