Update XXVI - May 1, 1940 - July 1, 1940
Brazil started off busy, annexing Colombia and Chile to further consolidate their hold on South America. With the US halted in Central America, Brazil is moving fast before they have a chance to make their way any further south.
To Southeast Asia, where Siam finally loses Bangkok and is annexed by India. Though by the time I could get the screenshot Japan had already taken the province.
In Soviet Russia, Spain annexes you!
So with their defeat of Russia, Spain is now rolling. They are pushing back into Turkey, the Caucausus, and now into British Finland and Chinese Siberia. Without getting stopped by Russian forces, Spain has just exploded outwards.
In Africa, India has broken through the South African lines and are now pushing deep into the south. They have mostly conquered the Horn, and there really isn't anything that is going to stop them from pushing all the way to the Cape. Cameroon might actually end up being the last African nation standing as a result of this.
China had been slowly grinding down India in Central Asia and gaining ground, however with Spain now advancing in from the west, all of that hard work might soon be in vain. East Asia remains relatively the same, though in Oceania Japan is making slow progress in Borneo and New Guinea.
Finally South America, where Brazil has taken Medellin and the Panama Canal, setting themselves up nicely for the battle against America.