Update XXV - March 1, 1940 - May 1, 1940
First off, India continues its march through Africa continues with the annexation of Gold Coast.
England crosses into Copenhagen from Sweden and annexes Denmark, and they will probably lose that quickly to Spain.
And look, Peru did something! Defeated their rival Ecuador with the help of Panama.
Britain has been kicked out of France, but they have decided to take a little vacation in Andalusia. Spain meanwhile continues to reclaim land in Russia, with the Russians now on the run again.
India is now starting to push the South Africans back down the Nile while Cameroon is expanding outwards.
China and India continue to fight it out throughout Central Asia, though neither side has been able to break out yet. Japan has held onto Indochina despite India and China have a great advantage of not having to ship in men or supplies, and Japan has almost defeated New Guinea.
Finally, Chile and Colombia are both on the verge of defeat, possessing no armies. This will leave Peru as the sole obstacle to Brazilian dominance of the continent. Brazil is going to need to move fast to secure Panama before the US gets around to doing something productive.