Economy & Finance

Most recent stories

• Leica's Record Revenue Streak Ends After Four Years economy-finance

  Leica Camera Group reported revenue of €573 million ($665.8 million) for its 2025/26 financial year (April 2025 to March 2026), a 3.8% decline from the previous year's record €596…

• Tencent Swaps Bilibili Equity for Debt to Fund AI Ambitions economy-finance

  Tencent is reorganizing its investment in Bilibili by transforming equity into debt through a convertible bond arrangement. Analysts suggest this strategy will unlock funds for AI…

• UK Design Industry Overtakes Retail as Top Economic Contributor economy-finance

  In 2023, the design sector in the UK emerged as the leading contributor to the national economy, generating a gross value added (GVA) of £136.7 billion, which marks a 40% rise…

• HSBC-Backed Platform Channels Private Capital to Green Transition in Emerging Markets economy-finance

  On Monday, the Green Accelerator Programme was introduced with support from HSBC, the Asian Infrastructure Development Bank, the Silk Road Fund, and other collaborators. This…

• Hong Kong expands sustainable finance taxonomy to boost transition capital economy-finance

  The Hong Kong Monetary Authority (HKMA) has kicked off a public consultation about its Phase 2B prototype for the Hong Kong Taxonomy for Sustainable Finance. This new version adds…

• Chelsea's USDC Jersey Deal Raises Legal Questions for Hong Kong Fans economy-finance

  Supporters of Chelsea in Hong Kong find themselves torn between their allegiance to the team and the recently enacted Stablecoins Ordinance, which limits the advertising of…

• Arts Funding as Basic Infrastructure: US Cuts vs. Global Models economy-finance

  A recent summary from ArtsJournal reveals a widening gap in funding strategies for the arts. In the United States, public financial support is on the decline; for instance,…

• Revolut Secures Conditional US National Bank Charter Approval economy-finance

  Revolut, a UK-based fintech firm, has received preliminary approval for a national bank charter from the U.S. Office of the Comptroller of the Currency. This paves the way for the…

• Tesla-SpaceX Merger Talks Raise Geopolitical Concerns economy-finance

  Increasing speculation surrounds a possible merger between Tesla and SpaceX, both prominent enterprises under Elon Musk's leadership. Nevertheless, analysts highlight that…

• Trump Threatens Trade Cuts Over Fed Rates economy-finance

  President Donald Trump has escalated his demands on the Federal Reserve to reduce interest rates, warning that he might halt trade with nations where the U.S. has a trade deficit…

• US Job Market Rebounds with 162,000 New Jobs, Exceeding Expectations economy-finance

  In July, the US labor market experienced a significant recovery, adding 162,000 jobs, which greatly exceeded the 65,000 jobs predicted by economists surveyed by FactSet. The…

• Global Refined-Product Exports Down 25% as Naphtha Crunch Hits Japan economy-finance

  In August, global exports of refined products dropped by 25% compared to the previous year, with significant declines noted in Russia and the Persian Gulf, analysts report. This…

• CZ: Speculative Capital Rotating from AI to Crypto; Bitcoin Faces $83K Supply Wall economy-finance

  Changpeng Zhao, the founder of Binance, mentioned that money is likely shifting back into cryptocurrency after investors have been focusing on AI-related trades. He referred to…

• Nomura Debunks 'Tina' Doctrine: AI Rally Masks US Vulnerabilities economy-finance

  Japanese investment bank Nomura has issued a warning that the AI-driven rally in US assets is masking underlying vulnerabilities, challenging the 'Tina' (there is no alternative)…

• Iran May Classify Living Standard Decline as State Secret Amid Sanctions economy-finance

  The Iranian government is reportedly considering classifying the decline in living standards as a state secret, a move that has raised concerns among citizens already struggling…

• EZB-Zinspolitik als Treiber deutscher Immobilienpleiten? economy-finance

  Seit über drei Jahren häufen sich Insolvenzen bei deutschen Immobilienentwicklern, zuletzt die der Kölner Pandion AG und des Düsseldorfer Luxushotel-Investors 12.18. Investment…

• Local cultural spending in France down 8% since 2019, revised data shows economy-finance

  According to a report from the DEPS of the French Ministry of Culture, cultural expenditures by local governments increased by 0.4% in 2024, yet remain 8% lower than the 2019…

• US Export Curbs Reshape China's Tech IPO Scene Around 'Chokepoints' economy-finance

  A report from Morgan Stanley indicates that U.S. export controls have profoundly altered China's technology landscape, guiding start-ups towards essential 'chokepoint'…

• G20 Finance Ministers Fail to Reassure Markets Amid Rising Debt economy-finance

  With global debt escalating and market anxiety rising, governments are encountering a significant challenge reminiscent of the 2012 Eurozone crisis, when Mario Draghi's assurance…

• Dutch Central Bank Moves 86 Tonnes of Gold from US and Canada to UK economy-finance

  So, on Wednesday, the Dutch central bank, known as DNB, announced it has moved 86 tonnes of its gold reserves from the U.S. and Canada to London. This change comes amid increasing…

• ECB Executive Calls for Central Bank Money on Blockchain economy-finance

  During the Jackson Hole Economic Policy Symposium on August 28, Isabel Schnabel, who serves on the Executive Board of the European Central Bank, suggested that central banks…

• Chevron to invest $7 billion in Venezuela oil expansion economy-finance

  Chevron, the second-largest oil company in the United States, has revealed a $7 billion initiative aimed at enhancing its operations in Venezuela, with a goal to double its…

• Bitcoin Drops to $78.4K as Fed's Warsh Downplays Soft Inflation economy-finance

  After Federal Reserve Chair Kevin Warsh minimized the impact of softer inflation data, Bitcoin dropped to approximately $78,400, altering market views on U.S. monetary policy. As…

• UBS: Chinese Internet Giants to Reap AI Profits in 2-3 Years economy-finance

  Despite short-term macroeconomic headwinds, Chinese internet platforms are positioned to capture a larger share of artificial intelligence profits within two to three years,…

• Enflame's $900M IPO Tests China's 'Little Dragon' AI Chipmakers economy-finance

  Enflame Technology, a Shanghai-based AI chip maker, is set to launch a 6.12 billion yuan (approximately US$910.3 million) IPO on the Star Market. This move comes as the company…

• China's New Policy Mandates Sale of Completed Homes economy-finance

  Chinese regulators have issued new policies encouraging the sale of finished homes, a significant shift in the country's real estate market. The move, reported by Sixth Tone,…

• Canada-US Trade War Tests Limits of US Pressure, China Watches Closely economy-finance

  The intensifying trade dispute between Canada and the United States, sparked by President Donald Trump, is being observed closely by China and other significant trading partners…

• Evernorth Clears SEC Hurdle, XRPN Nasdaq Debut Nears Shareholder Vote economy-finance

  Evernorth Holdings, a company associated with the XRP treasury, successfully navigated a regulatory challenge when the U.S. SEC approved its Form S-4 on August 27. This…

• China Issues First Guidelines to Curb Price Wars Abroad for Carmakers economy-finance

  For the first time, three Chinese ministry-level authorities jointly issued guidelines to govern Chinese carmakers' overseas operations, aiming to prevent price wars and promote…

• Foreign Investors Expected to Eye More China A Shares – but Pace Set to Ease: Analyst economy-finance

  At UBS's annual China A-share strategy conference in Shenzhen on Tuesday, Meng Lei, China equity strategist at UBS Securities, stated that foreign investors are expected to…

• Trump Proposes Federal Tax Credits to Bring Film Production Back to US economy-finance

  On September 1, 2026, US President Donald Trump introduced a proposal for federal tax credits designed to entice Hollywood back to American soil for film production, as reported…

• Foreign Investors Boost Chinese Stock Holdings as AI Hardware, Green Energy Lure Inflows economy-finance

  Foreign investors have markedly boosted their stakes in Chinese onshore equities, with Wind Information reporting that QFII holdings surpassed US$40 billion by the end of June.…

• Erbschaftssteuer-Rekord: Ökonomin Julia Jirmann widerspricht Jubelmeldung economy-finance

  Das Statistische Bundesamt berichtete von einem Rekord bei den Einnahmen der Erbschaftssteuer, die im vergangenen Jahr 21,4 Milliarden Euro betrugen. Die Ökonomin Julia Jirmann…

• China's Gen Z Investors Blend Patriotism with Portfolio Strategy economy-finance

  A new wave of young Chinese investors, particularly from Generation Z, is entering the stock market with a blend of patriotic sentiment and cautious financial planning. Despite…

• Venezuela Defends US Oil Deal Amid Sovereignty Backlash economy-finance

  Delcy Rodriguez, who is currently acting as Venezuela's president, is facing growing criticism from both hardliners and opposition factions over a deal that gives the U.S.…

• JD.com's $1.3B Hong Kong Expansion Challenges Footfall-Driven Property Model economy-finance

  Chinese e-commerce giant JD.com is rapidly expanding in Hong Kong, investing HK$35 billion across retail, logistics, technology, and other sectors. This expansion, including a…

• Bernstein Predicts Bitcoin to Hit $150,000 by Mid-2027 economy-finance

  According to a prediction from Wall Street brokerage Bernstein, Bitcoin may hit $150,000 by mid-2027 and could reach $300,000 by 2029. In a note dated August 26, analysts, headed…

• Taiwan's Debt Collection Against Grenada Serves as Warning to Remaining Allies economy-finance

  Taiwan's stringent debt recovery methods against Grenada, a former ally, present a contrasting perspective to the 'debt trap' narrative frequently linked to China. After Grenada…

• Bitcoin Dips Below $79K as Fed Rate Hike Bets Weigh on Crypto Rally economy-finance

  On Thursday, Bitcoin dipped below $79,000 during Asian trading after briefly exceeding $80,000 for the first time since May, marking a decline of nearly 1% from last week’s low of…

• Fed's Warsh Signals Possible Rate Hikes if Inflation Persists economy-finance

  At the Jackson Hole Economic Symposium in Wyoming, Federal Reserve Chairman Kevin Warsh indicated that raising interest rates might be necessary if core inflation doesn’t make a…