Our daily trip around the world

🇸🇦🎮 Saudi Arabia will host the first Olympics Esports Games in 2025. The country signed a new agreement with the International Olympic Committee to host the Esports Olympics “regularly” over the next 12 years, starting in 2025. The deal is part of Saudi Crown Prince Mohammed bin Salman’s multi-trillion-dollar Vision 2030 campaign, which aims to attract tourism and diversify the Saudi economy away from oil.

🇨🇳 China reported lower-than-expected GDP growth last quarter. Official statistics show China’s economy grew by 4.7% between April and June, below the 5.1% expected by analysts. The news comes as senior Chinese Communist Party officials gather in Beijing for a four-day meeting to discuss the future of China’s economy, with the disappointing Q2 GDP figures expected to increase the likelihood of new stimulus measures.

🇮🇳 Apple’s sales in India reportedly reached a record high in 2023. According to a new Bloomberg report, Apple’s India sales – which account for 2% of its overall revenue – rose ~33% over the 12 months ending in March to reach a record ~$8 billion, with iPhones accounting for over half the sales. The increase signals progress in Apple’s effort to target India and diversify its manufacturing and revenue sources beyond China, where business relations have become riskier due to trade tensions with the US.