Economy & Finance
Economy & Finance
Economy, finance, markets, luxury and geopolitics — macro signals that influence the art market and collecting.
Most recent stories
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Armenia's European Path Runs Through Turkey and Azerbaijan, Report Says
economy-finance
Plans are being revived for rail service between the Armenian city of Gyumri and Kars in Turkey, according to a report in Der Freitag. The article argues that Azerbaijan holds…
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Chinese Stocks Rebound from Bear Market as ETF Volumes Hint at State Buying
economy-finance
The CSI 300 Index closed up 1.7 per cent at 4,105.33 on Friday, erasing an intraday drop of as much as 2 per cent and pulling the benchmark out of a bear market. Surging turnover…
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Trump Invokes Cold War-Era Defence Production Act to Boost Oil Production and Refining
economy-finance
On Thursday, US President Donald Trump declared that the production and refining of petroleum, along with associated activities, are vital to national security. This decision may…
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EU Weighs Lifting Sanctions on Chinese Textile Firm Yusha in ASML Supply Chain Deal
economy-finance
Brussels is under pressure to delist Yusha Group, a Chinese textiles manufacturer accused of supplying sensitive European technology to Russian buyers, as part of a negotiated…
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Bank of England Securities Lending Committee Minutes: T+1, Tokenisation and AI on the Agenda
economy-finance
On 15 September 2026, the Bank of England convened the Securities Lending Committee at 20 Moorgate, London, from 2.30pm to 4.30pm. The committee members addressed the recruitment…
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Spotify Hits 306 Million Premium Subscribers as Q3 Revenue Reaches €5.0 Billion
economy-finance
At the end of September, Spotify reported 306 million paying premium subscribers, up from 300 million in June and surpassing its own projection of 305 million. The platform's…
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Zuckerberg Ties Meta Shares to California Residency Ahead of Billionaire Tax Vote
economy-finance
Mark Zuckerberg, founder and CEO of Meta Platforms, has agreed to remain in California for a minimum of eight more years in exchange for a new allocation of company shares. The…
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FilmLA Report: California's $750 Million Film Tax Credit Fails to Halt Production Decline
economy-finance
According to data from FilmLA released on Wednesday, production in Los Angeles experienced a decline of 3.7% in Q3 2026, despite the state's expanded film and TV tax credit.…
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Former Diplomat Cui Hongjian Warns EU Misreads China's Trade Concessions
economy-finance
Cui Hongjian, a former Chinese diplomat with experience in India and Jamaica, has criticized Brussels for assuming that China will yield to trade pressures. He referenced last…
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Broadway League Report: $21 Billion NYC Impact, 114,600 Jobs in 2024-25 Season
economy-finance
According to the Broadway League's annual report, Broadway generated $21 billion for New York City's economy during the 2024-2025 season. This season saw the debut of 44 new…
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EU Lacks Clear China Strategy as Trade Tensions Escalate
economy-finance
The European Union currently lacks a defined strategy regarding China, with no established priorities or consensus on its objectives or the potential costs involved. Recent events…
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Merz Courts 200 Bank and Fund Chiefs at Closed-Door 'Invest in Germany' Summit in Berlin
economy-finance
Germany's federal government convened 200 heads of the country's largest banks, funds and companies in Berlin for a summit titled 'Invest in Germany,' held Monday and Tuesday…
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Italian Bookstores Generate €1.8 Billion Annually, Yet 83% of Municipalities Lack One
economy-finance
Italian bookstores generate €1.8 billion in annual revenue, employ roughly 12,200 people and operate across a network of 4,451 sales points, according to research by the…
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JPMorgan Asset Management Forecasts 10% Annual Bitcoin Returns, Topping Stocks, Gold and REITs
economy-finance
According to JPMorgan Asset Management's 2027 Long-Term Capital Market Assumptions, Bitcoin is anticipated to lead four asset classes with a projected annualized compound return…
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Germany Moves to Take Full State Control of Tank Maker KNDS
economy-finance
The German federal government intends to purchase the remaining privately held half of KNDS, the German-French defense manufacturer behind the Leopard 2 tank, according to a…
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EA's $55 Billion Take-Private: Layoffs, Battlefield 6 and the Battlefront 3 That Never Was
economy-finance
In September 2025, Electronic Arts agreed to a massive leveraged buyout valued at around $55 billion, marking the biggest deal of its kind ever, surpassing Texas utility TXU's…
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Netflix Forecasts 13 Percent Revenue Growth as Shares Fall on Attention Concerns
economy-finance
Netflix projected full-year revenue growth of 13 percent, a figure broadly consistent with its earlier guidance. Despite that forecast, the company's shares fell more than 5…
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Putin Offers Iran Mediation at First-Ever CIS Summit Appearance by Iranian President
economy-finance
At a summit in Turkmenbashi, Turkmenistan, in early October, Iranian President Massud Peseschkian attended a meeting of the Commonwealth of Independent States (CIS) — the first…
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Russia to Ship First Diesel Tanker to U.S. Under Trump-Putin Fuel Deal
economy-finance
On Thursday, a tanker carrying 40,000 tons of Russian diesel is scheduled to leave for the U.S., as announced by Deputy Prime Minister Alexander Novak in St. Petersburg. While he…
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Netflix Faces Wall Street Skepticism Amid Restructuring and Weak Ad Revenue
economy-finance
Netflix is struggling to persuade Wall Street even as its profits rise, according to Le Monde. The streaming platform posted disappointing advertising revenue and is contending…
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Capital Economics: EU to Avoid Full Trade War With China Despite Tough Talk
economy-finance
Brussels will keep tempering its posture toward Beijing, according to Capital Economics, which said the bloc would "continue to pull its punches" in any confrontation. Speaking at…
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Netflix Weighs Pursuing More Oscar Wins Against YouTube's Territory
economy-finance
Netflix's strategic choice between chasing additional Academy Awards and competing on YouTube's turf frames the streaming platform's next phase. Doubling down on Oscar-winning…
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APEC Finance Ministers Reach Consensus on AI and Digital Financing in Hong Kong
economy-finance
Finance ministers from APEC member economies agreed on measures covering artificial intelligence, digital infrastructure and financial services during their meeting in Hong Kong.…
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Musk Says SpaceX and Tesla Form Committees to Explore Record Merger
economy-finance
On Tuesday, during the earnings webcast for SpaceX, Elon Musk revealed that both SpaceX and Tesla Inc have set up special committees to explore the possibility of a merger. Musk,…
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Markus Söder Attacks Die Linke as Berlin Coalition Talks on Housing Expropriation Begin
economy-finance
Berlin's Linke, Greens and SPD agreed over the weekend to open coalition negotiations, and Markus Söder responded with immediate attacks. The Bavarian minister president accuses…
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European Commission Presents Updated Arctic Strategy as Russia and China Expand Influence
economy-finance
On Tuesday, Kaja Kallas, the EU's chief of foreign affairs, declared that the Arctic has emerged as a battleground in the global power struggle, highlighting the increasing…
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China's Hybrid Car Exports to EU Nearly Triple in September Ahead of Import Cap
economy-finance
Chinese hybrid vehicle shipments to the European Union reached close to 100,000 units in September, a 204.2 per cent increase compared with the same month a year earlier,…
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IMF and World Bank Urged to Boost Debt Surveillance as Energy Costs Threaten Asian Economies
economy-finance
Increasing energy prices are straining foreign exchange reserves throughout Asia, complicating debt repayment efforts and leading to demands for enhanced debt oversight from the…
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Bitcoin Tops $82,000 on October 19 as Crude Oil Retreat Revives Risk Appetite
economy-finance
On October 19, Bitcoin surpassed $82,000, increasing by 2.3% during early trading before stabilizing around $82,400 in Singapore, influenced by a decline in crude oil prices from…
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Saudi Arabia Postpones Future Investment Initiative to 2027 After Deadly Attacks
economy-finance
Organisers announced on Monday that Saudi Arabia's premier investment conference, the Future Investment Initiative, has been delayed until 2027. Originally set for October 26 to…
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Rubio Promotes US Business in Central Asia While Accepting China Ties
economy-finance
On Monday, US Secretary of State Marco Rubio emphasized that the United States aims to engage in business competition in Central Asia without pressuring local nations to cut ties…
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Frankreich: 550.000 Demonstrierende gegen Sparpolitik und hohe Lebenskosten
economy-finance
In Frankreich demonstrierten am Samstag laut Innenministerium 550.000 Menschen gegen hohe Lebenskosten und angekündigte Kürzungen; die Organisatoren nannten 800.000 Teilnehmende.…
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Elon Musk Pledges One SpaceX Share to Every American Child Next Year
economy-finance
Elon Musk announced on X that he intends to distribute a single SpaceX share to each child in the United States starting next year. The world's wealthiest individual described the…
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China Reduces US Treasury Holdings to 18-Year Low in August
economy-finance
China lowered its US Treasury holdings to their lowest level in 18 years during August, continuing a strategy of diversifying its foreign exchange reserves. The shift comes as…
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Berlin's Red-Green-Red Coalition Backs Article 15 Expropriation of Major Landlords
economy-finance
Berlin's Linke, Grüne and SPD have agreed in their exploratory paper that applying Article 15 of Germany's Basic Law would help expand municipal housing stock and overcome the…
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Trump Waives Russia Sanctions as Zelensky Clash Deepens Ukraine's Isolation
economy-finance
This week, the ties between Washington and Kyiv significantly weakened as US President Donald Trump lifted important sanctions and tariffs related to Russia on Friday, just before…
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Crypto Inheritance: Why Digital Assets Can Die With Their Owners
economy-finance
According to US probate law, cryptocurrency is classified as a digital asset, necessitating clear intent for heirs to receive private digital assets. There are two main transfer…
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European Delegates Exit IMF Steering Committee Meeting as Russian Finance Minister Speaks
economy-finance
Nearly a dozen delegates departed the room when Russian Finance Minister Anton Siluanov began speaking at a steering committee meeting during the IMF summit. A second official…
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UK Arts Sector Looks to Andy Burnham for a Fresh Start After Years of Funding Cuts
economy-finance
Britain's cultural sector is searching for a new champion as it seeks a reset following sustained reductions in public arts funding, repeated shifts in arts strategy and mounting…
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Trump Halts Russian Sanctions Bill Named for Lindsey Graham After Putin Diesel Deal
economy-finance
A Russian sanctions package bearing the name of the late senator Lindsey Graham has been paused by Trump following a diesel agreement reached with Vladimir Putin. The legislation…
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