The U.S. dollar remains robust as markets await clarity on President-elect Trump's economic policies and potential Federal Reserve interest rate moves. Meanwhile, Bitcoin hits a record high, reflecting optimism about crypto regulation under Trump's administration, despite concerns over emerging market currencies.

South Korea's trade balance showed a positive turn with a 5.8% rise in exports and a 1% drop in imports for early November 2024, leading to a $798 million trade surplus. Key export growth areas included semiconductors, shipbuilding, and computer peripherals, while imports of semiconductor equipment surged by 134.8%.

The devastating floods in eastern Spain have claimed 227 lives and are set to trim the nation's GDP growth by 0.2% this quarter. As the government pledges nearly €15 billion in aid, criticism mounts over crisis management.

The European Central Bank warns of a potential asset price bubble in the U.S. stock market due to reliance on a few AI-driven companies, like Alphabet and Apple. This concentration could lead to global financial instability if earnings expectations fall short, amidst rising borrowing costs and geopolitical tensions.

BRICS, comprising Brazil, Russia, India, China, and South Africa, now represents over 40% of the global population and is expanding its influence with new members like Iran and potentially Saudi Arabia. The coalition's focus on local currency financing and commodity control is challenging global economic norms, signaling a shift in multilateral power dynamics.

South Africa has assumed the G20 presidency, marking a historic first for the African continent. President Cyril Ramaphosa announced priorities of inclusive growth, food security, and AI, while advocating for African and Global South development.

The global economy is under pressure with Europe facing recession risks, the U.S. struggling with unsustainable public finance, and China grappling with property market woes. Despite these issues, the stock market remains buoyant, seemingly oblivious to the underlying economic threats.

A US advisory panel recommends revoking China's Permanent Normal Trade Relations due to growing tensions, citing Cold War-like attitudes in Congress. China warns this could breach WTO rules and harm global trade, while experts caution it may lead to economic downturns in the US.

Bank Indonesia's Governor highlights a shift towards expansionary US fiscal policies, strengthening the dollar and impacting global investor behavior. These changes could slow global growth and elevate inflation, with rising geopolitical tensions adding to economic risks.

Economists predict the Federal Reserve will cut interest rates by 25 basis points in December 2024, despite inflation concerns tied to President-elect Trump's policies. Market expectations have adjusted to reflect a lower probability of rate cuts due to economic resilience, with inflation anticipated to stay above the Fed's 2% target until 2027.

Global markets have taken a hit post-election, with non-US stocks seeing their steepest drop since August due to fears of new trade conflicts. Trump's proposed tariffs could worsen tensions, prompting analysts to advise cautious investment approaches amid slowing Asian exports and economic uncertainties.

At the 19th G20 Summit in Rio, economist Jeffrey Sachs urged for significant investments in developing countries to foster sustainable development. He emphasized enhancing human capital and infrastructure while criticizing the US for protectionism, advocating for BRICS cooperation.

Global economic growth is projected to hit 3.1% in 2024, but uncertainties, including potential U.S. tariffs under President-elect Trump, could slow momentum in 2025. Goldman Sachs anticipates the S&P 500 will rise to 6,500, despite event risks like rising inflation and bond yields.

Chinese solar manufacturers are shifting supply chains to Southeast Asia due to US tariffs, with Vietnam emerging as a key hub. This strategic move follows US duties on solar imports and Trump's tariff pledges.

Japan's trade figures for October 2024 reveal a surprising 0.4% rise in imports and a 3.1% increase in exports, resulting in a larger-than-expected trade deficit of 461.2 billion yen. Despite a rebound in private consumption, potential U.S. tariffs under President-elect Trump loom, threatening Japan's economic stability.

During the G20 summit, PMs Narendra Modi and Anthony Albanese strengthened Indo-Australian ties, focusing on defense, security, and economic collaboration. Key discussions included the Indo-Pacific's stability, global institution reforms, and renewable energy partnerships.

Global GDP growth is expected to slow to 3.0% in 2025, down from 3.2% in 2024, amid economic challenges and uncertainties. Barclays advises investors to focus on high-quality assets and consider ESG factors as economic conditions fluctuate.

The UK plans to enhance ties with India through a new strategic partnership focusing on a free trade agreement, resuming negotiations in early 2025. The move follows a meeting between PMs Starmer and Modi, aiming to capitalize on growing bilateral trade, which reached USD 21.34 billion in 2023-24.

Global ports are investing heavily in advanced ship-to-shore cranes to enhance trade efficiency, with Chinese ports leading the demand. The STS crane industry is booming, driven by trends in automation and sustainability, with the market expected to grow from $2.67 billion in 2023 to $3.99 billion by 2032.