Chinese state media reported 48 people were killed when a section of a highway collapsed. Search efforts are underway despite bad weather a day after part of a road fell in China's Guangdong province.

China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.

Fitch Ratings says reforms by the Nigerian government has reduced distortions stemming from previous unconventional policies. In a recent rating action, Fitch upgraded Nigeria’s credit rating outlook to positive.