Economy & Finance

Most recent stories

• Circle's USDC Becomes First 'Significant' E-Money Token Under EU's MiCA economy-finance

  On October 14, Circle's USDC, a stablecoin pegged to the dollar, became the first 'significant' e-money token under the EU's Markets in Crypto-Assets Regulation (MiCA). Among 45…

• China Warns EU Against 'Fantasising' on Trade as Brussels Confirms New 'Kill Switch' economy-finance

  Beijing has cautioned the European Union against what it characterised as wishful thinking in its trade posture, as Brussels confirmed a new mechanism dubbed a 'kill switch'. The…

• Italy's Neighbourhood Bars Close as Costs Rise and Habits Shift economy-finance

  Pietramontecorvino, a town of roughly 2,000 residents in the province of Foggia, saw its oldest bar shut in January after 138 years of operation. By August, with municipal…

• Zelensky Requests €70 Billion in Additional EU Support as Ukraine War Costs Projected at €155 Billion economy-finance

  At an EU summit in Brussels, Ukrainian President Volodymyr Zelensky requested at least €70 billion in additional annual support from European leaders, stating the funds are needed…

• Varoufakis verteidigt Mélenchons 600-Milliarden-Euro-Plan gegen französische Sparpolitik economy-finance

  Yanis Varoufakis hat sich zu einem 600-Milliarden-Euro-Plan von Jean-Luc Mélenchon geäußert, der darauf abzielt, Frankreich aus der Sparpolitik zu befreien. Diese Diskussion wurde…

• Natixis Survey: 95% of Hong Kong Investors Aim to Beat Markets, Return Hopes Trail Asia economy-finance

  A Natixis Investment Managers survey conducted in August found that 95 per cent of Hong Kong respondents want to outperform the market, the highest share in Asia, where the…

• China's Manufacturing Grip Persists as India and Vietnam Build Their Own Industries economy-finance

  For years, there has been talk that countries like India and Vietnam might soon take over from China as the "world's factory." However, Chinese components, technology, and…

• Brazil-China Trade Hits Record US$143 Billion as Oil Exports Surge During Iran War economy-finance

  According to a report from the Brazil-China Business Council, Brazil and China achieved a historic bilateral trade figure of US$143 billion during the first nine months of this…

• Brussels Floats 'Kill Switch' Trade Weapon Targeting Chinese Firms in EU Market economy-finance

  During a high-level meeting in Brussels on Thursday, European Commission President Ursula von der Leyen introduced a potential new trade tool to EU national leaders, as reported…

• Canada and Singapore Reaffirm China Trade Partnerships at New Delhi Economic Forum economy-finance

  Officials from Canada and Singapore used a New Delhi economic forum to signal that trade partnerships with Beijing will continue, pushing back against global fragmentation and a…

• EU Leaders Deadlock Over Trillion-Euro Budget as 2027 French Election Looms economy-finance

  EU leaders reached an initial impasse at a summit over a trillion-euro budget, with Germany leading fiscal hardliners against calls for fresh spending. The deadlock is compounded…

• Action Discount Chain Expands to 261 Italian Stores, Plans Siena Opening economy-finance

  Over the last month, the Dutch discount retailer Action has launched eight new locations in Italy, specifically in Bari, Messina, Trani, Livorno, and the provinces of Verona,…

• Polymarket Faces Scrutiny Over $600M in Election Trades After Races Concluded economy-finance

  On Polymarket's offshore platform, two international election markets saw trading volumes exceeding $600 million, mainly after results were confirmed. In Ethiopia, Prime Minister…

• Bank of England SONIA Advisory Group Reviews Market Stability, RTGS Hours, and Data Release Timing economy-finance

  On 25 September 2026, the SONIA Stakeholder Advisory Group convened under the leadership of Caroline Stockmann, with Alexandra Innes in attendance. The overnight market exhibited…

• Anhui Party Chief Li Lecheng Backs CXMT Chip Expansion at Hefei Headquarters economy-finance

  Anhui province party secretary Li Lecheng, a former head of the Ministry of Industry and Information Technology, pledged support for China's semiconductor industry during a visit…

• CBRE Report: AI Job Displacement to Slow Asia-Pacific Office Demand Growth by 5 Points economy-finance

  On Thursday, a report from CBRE indicated that job displacement due to artificial intelligence is anticipated to lower the growth of office space demand by five percentage points…

• Trump Announces 'Massive' Oil, Gas and Mineral Exploration in Greenland economy-finance

  Donald Trump announced that "massive" oil, gas and mineral exploration would begin in Greenland, according to a social media post. The statement followed a campaign event on…

• Houthi Missile Strike on Saudi Aramco's Dhahran Headquarters Pushes Brent Crude Above $105 economy-finance

  On Tuesday night, a ballistic missile launched by the Houthis hit the headquarters of Saudi Aramco in Dhahran, igniting a fire in an office tower but resulting in no casualties.…

• IMF Head Warns Rich Nations on Deficits as Global Debt Surges economy-finance

  The head of the IMF is calling on the United States and other wealthy nations to reduce their deficits, warning that rising global debt poses a threat to the world economy.…

• US Treasury Fines Bank of America $1.2 Billion Over Money Laundering and Sanctions Violations economy-finance

  On Tuesday, the US Treasury Department revealed it would impose fines totaling $1.2 billion on Bank of America for breaches of anti-money-laundering and sanctions regulations. The…

• Bank of England Money Market Committee Reviews Stable Funding Conditions and RTGS/CHAPS Extension Plans economy-finance

  On 25 September 2026, the Money Market Committee (MMC) of the Bank of England convened at 20 Moorgate, London. The members observed that money market operations remained stable…

• Rüstungsaktien im Sinkflug: Rheinmetall, Renk und KNDS unter Druck economy-finance

  Aktien von Firmen wie Rheinmetall und Renk haben drastisch an Wert verloren, mit Einbußen von über 50 % seit den Höchstständen. Ein markantes Beispiel ist der gescheiterte…

• Asian Memory Chip Stocks Tumble as AI-Driven Profit Boom Faces Supply Concerns economy-finance

  This week, a significant decline in Asian memory chip stocks reflects increasing skepticism among investors regarding the sustainability of the AI-driven profit surge in the…

• People's Bank of China Approves Visa's Local Bank Card Clearing Entity economy-finance

  The People's Bank of China on Tuesday approved Visa to prepare a locally registered bank card clearing organisation, according to an online statement from the central bank. The US…

• Honduran Coffee Cooperative COMSA Faces Crisis as Hamburg Importer's Insolvency Leaves Twelve Containers Unpaid economy-finance

  The insolvency of a Hamburg-based coffee importer has left the Honduran cooperative Café Orgánico Marcala S.A. (COMSA) facing a financial disaster, with twelve shipping containers…

• Bitcoin Tops $84,000 as Oil Slips and Spot ETFs Bleed $681M economy-finance

  On Monday, Bitcoin hovered around $84,050 after a drop to $83,500, making a recovery toward Sunday’s peak of $84,145, despite U.S. spot Bitcoin ETFs experiencing their largest net…

• Mainland Chinese Traders Extend Hong Kong Stock Buying Spree to Fourth Month on AI Bets economy-finance

  Mainland Chinese investors increased their purchases of Hong Kong-listed shares for a fourth consecutive month, with technology companies drawing the largest inflows. The buying…

• Houthi Strikes on Saudi Airports Expose Security Gaps Despite Record Defence Spending economy-finance

  Last weekend, Houthi assaults on airports in Saudi Arabia resulted in a minimum of 12 fatalities and over 300 injuries at King Khalid International Airport in Riyadh, with King…

• Survey Finds Only 28% of Retirees Comfortable Spending Savings economy-finance

  A survey of older adults holding at least $100,000 in savings found that just 28 percent felt comfortable watching those savings decline to cover living expenses — the very…

• Elon Musk Becomes Largest Known Midterm Donor With $276 Million in Republican Support economy-finance

  Elon Musk has positioned himself as the largest identified contributor in the current midterm elections, donating over US$276 million since July to support Republican dominance in…

• Kevin Kühnert fordert Reform der Erbschaftsteuer vor Verhandlungen am Bundesverfassungsgericht economy-finance

  Kevin Kühnert, ehemaliger SPD-Generalsekretär und seit Dezember 2025 bei der Bürgerbewegung Finanzwende für Steuern, Verteilung und Lobbyismus zuständig, setzt sich für eine…

• Tariff Volatility Reshapes Independent Retail Buying Strategies economy-finance

  Tara Stover faced a $1,700 duties charge on a shipment from the Danish brand Skall Studio, prompting her to reevaluate her approach to imported fashion prior to launching her…

• Global Diesel Shortage Persists as Gulf Refined Fuel Exports Lag Crude Shipments economy-finance

  Diesel prices around the world are hovering close to historic highs, as producers in the Persian Gulf face challenges in ramping up refined-fuel exports, despite an increase in…

• China and EU Reach Surprise Trade Deal Capping Hybrid Car Exports, Averting Trade War economy-finance

  On Friday, a surprising trade agreement was announced between the European Union and China, which establishes stringent quotas on the export of Chinese hybrid vehicles to the EU…

• SIA Report: China's Hidden Grip on US Chip Supply Chain Exceeds Direct Trade Figures economy-finance

  China's role in supplying the US semiconductor industry is far larger than direct trade data suggests, according to a report released Friday by the Semiconductor Industry…

• Ube Shortage: Philippines Bans Fresh Tuber Exports as Global Demand Surges economy-finance

  Since mid-August, the Philippines has prohibited the export of fresh ube to mitigate competition, although processed varieties can still be exported. Ube, which originates from…

• Hong Kong Workers Fear AI-Driven Retirement Disruption, Only 20% Feel Prepared: Survey economy-finance

  A survey conducted with 1,004 Hong Kong residents aged 30 and over, who earn at least HK$15,000 (about US$2,239) monthly, found that 55% believe AI developments will impact their…

• CSRC Chair Wu Qing Convenes Beijing Meeting After Third-Quarter Tech Sell-Off economy-finance

  China Securities Regulatory Commission chairman Wu Qing chaired a Saturday gathering in Beijing that drew listed-company executives alongside securities-firm and fund-manager…

• Republican Senator Thom Tillis Questions Legality of Trump's Russian Diesel Deal economy-finance

  US Senator Thom Tillis, a Republican from North Carolina, said on Sunday that President Donald Trump's diesel supply agreement with Russia may violate the law and endanger…

• Ölmanager treffen sich in Caracas nach Maduros Festnahme economy-finance

  Nach der Festnahme von Nicolás Maduro kamen in Caracas Hunderte von Ölmanagern zur ersten bedeutenden Öl- und Gaskonferenz seit Donald Trumps Amtsantritt im Januar zusammen. Das…