Andy Burnham's potential chief economic adviser, Jim O'Neill, advocates for billions more in borrowing for infrastructure investment, suggesting an independent body similar to the OBR to reassure markets.
UK Defence Secretary John Healey resigned over military spending disagreements, accusing PM Keir Starmer of risking national security. Starmer admits he must "turn things around" after poor election results, while the US expresses concern over UK defence contributions.
John Healey resigned as UK Defence Secretary due to a funding dispute with the Treasury over the Defence Investment Plan (Dip). The offered funds were deemed insufficient to meet NATO spending targets and key project commitments, including the Aukus submarine program.
China's significant economic presence in Latin America, built over two decades through trade and investment, faces challenges. Donald Trump's return as US president raises questions about whether this economic power can translate into lasting political influence, with Panama's shift potentially signaling a changing regional environment.
Chinese firms lead Benin's infrastructure overhaul with Terminal 5 at Cotonou Port, key highways, and strategic corridors, backed by multibillion-dollar investments.
Shanxi Province plans to invest 4.6 trillion yuan in 1594 major projects during the '15th Five-Year Plan' period (2026-2030) to support high-quality development and industrial transformation. The plan focuses on leveraging regional advantages, energy transition, industrial upgrading, and stimulating private investment.
