Economy & Finance

Economy, finance, markets, luxury and geopolitics — macro signals that influence the art market and collecting.

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IMF and World Bank Meet in Bangkok as AI, Quantum Computing Reshape Global Economy economy-finance
From October 12 to 18, 2026, Bangkok will host the annual meetings of the IMF and World Bank, where global financial leaders will discuss economic resilience and technological…
Trump Tariffs and Iran War Drive Up Costs for US Manufacturers economy-finance
US manufacturers are facing millions of dollars in additional annual costs due to President Donald Trump's tariffs, with the Iran war further increasing shipment expenses. Doug…
UNCTAD Projects Global Growth Slowdown to 2.6% in 2026, Raising Alarms for Healthcare Financing economy-finance
On October 9, UNCTAD revealed that global economic growth is expected to fall to 2.6% in 2026, down from 2.9% in 2025, primarily due to the ongoing Middle East crisis affecting…
Indonesia Weighs Nickel Smelter Moratorium, Threatening Chinese Investment economy-finance
Indonesia is contemplating a halt on new nickel smelter projects, a decision that could greatly impact Chinese investors and alter foreign-supported supply chains related to…
Thailand's SEC Finalizes Bitcoin and Ethereum ETF Rules Effective October 16, 2026 economy-finance
On October 8, 2026, Thailand's Securities and Exchange Commission unveiled 11 notifications to create a regulatory structure for Bitcoin and Ethereum exchange-traded funds (ETFs)…
Australia Maintains Ban on Russian Fuel Imports Despite Trump Diesel Agreement economy-finance
Canberra has reaffirmed its commitment to not acquire Russian fuel, maintaining its import ban despite a diesel agreement involving US President Donald Trump. This action is…
Bundesverfassungsgericht prüft Steuerprivilegien für Firmenerben ab 13. Oktober economy-finance
Am 13. Oktober wird das Bundesverfassungsgericht über die Rechtmäßigkeit von Steuervergünstigungen für Unternehmensvermögen im Hinblick auf das Grundgesetz entscheiden. Der Fall…
Component Cost Surge Forces Notebook Makers to Reconsider China Exit economy-finance
According to TrendForce, a market research company based in Taiwan, notebook manufacturers are increasingly considering moving production away from mainland China due to…
EU Removes Panama and Vietnam from Tax Haven Blacklist economy-finance
Panama and Vietnam have recently been removed from the European Union's list of tax havens after making significant changes to their tax policies. Panama improved its tax…
Used Toyota RAV4 Prices Surge $3,000–$6,000 Above New as Hybrid Demand Outpaces Supply economy-finance
According to CarGurus, the prices for pre-owned 2026 Toyota RAV4s are currently $3,000 to $6,000 higher than those of new models, bucking the usual trend of depreciation. Kevin…
CMORG Completes SIMEX26 Cloud Outage Simulation with 38 Major Banks economy-finance
On 8 October 2026, the Cross-Market Operational Resilience Group (CMORG) conducted its biennial crisis management drill, SIMEX26, which centered on disruptions to global cloud…
Shanghai Guosheng Leads 6.2 Billion Yuan Injection into Hua Hong Group economy-finance
On Thursday, a stock exchange announcement revealed that Shanghai Guosheng Group, a state-supported investment entity, spearheaded a capital infusion of 6.2 billion yuan into Hua…
Chinese Optical Chip Stocks Fall for Second Session on US Trade Curb Fears economy-finance
Fears of possible US trade restrictions on next-generation optical transceivers used in data centres drove another wave of selling in Chinese optical chip shares, extending a rout…
WTTC Forecasts 2.5% Travel Growth in 2026 as Fuel Costs and Trade Shifts Reshape Global Tourism economy-finance
In October, the World Travel & Tourism Council anticipated a 2.5% increase in global Travel & Tourism by 2026, which would add US$11.6 trillion to the worldwide GDP and create 366…
IMF and World Bank Annual Meeting Opens in Bangkok for First Time Since 1991 economy-finance
On Monday, the annual meeting of the International Monetary Fund and World Bank commenced at the Queen Sirikit National Convention Center in Bangkok, marking the first such event…
Hollywood Unions Push Federal Film Tax Credit as U.S. Studio TV Spending Plummets economy-finance
A group of Hollywood unions is calling on Congress to implement a federal film tax credit, spurred by findings from EY Quantitative Economics and Statistics that indicate a drop…
Frankreich nach Macron: Armut, Arbeitslosigkeit und der Aufstieg der Milliardäre economy-finance
Zehn Jahre nach Emmanuel Macrons Amtsantritt im Élysée-Palast im Jahr 2017 zieht das Statistikamt Insee eine ernüchternde Bilanz. Im Jahr 2024 lebten 9,8 Millionen Menschen in…
Global Economy in October 2026: Tariffs, Energy Shocks and Central Bank Caution Reshape Trade economy-finance
By October 2026, global leaders will have to navigate a tricky situation with rising protectionism, energy issues, and a surge in AI demand. In August, U.S. goods imports soared…
Biren Technology Shares Drop 12% Amid HK$4 Billion Placement economy-finance
On Thursday, shares of Shanghai Biren Technology, a Hong Kong-listed AI chip manufacturer, plummeted over 12 percent after the company revealed plans for a share placement to…
ByteDance Tops Inaugural SCMP Plus Going Global 100 Ranking of Chinese Companies economy-finance
ByteDance, known for its popular app TikTok, has topped the inaugural SCMP Plus Going Global 100 list, leading over competitors like Foxconn Industrial Internet, Shein, and BYD.…
China and EU Open Trade Talks in Beijing as Observers Expect Limited Progress economy-finance
Trade negotiations between China and the European Union resumed in Beijing on Thursday, with analysts on both sides anticipating turbulence rather than a breakthrough. Chinese…
Lockheed Martin F-35 Deliveries Accelerate as European Demand Surges economy-finance
In September, Germany took delivery of its inaugural F-35A Lightning II from Lockheed Martin, with an additional 34 units on order. Following this, Finland received its first of…
Gulf Aviation Superhubs Face Wartime Threat as Dubai, Doha and Abu Dhabi Become Battlefield economy-finance
For many years, the superhub airports in Dubai, Doha, and Abu Dhabi have channeled millions of travelers between Asia and the West. In the previous year, these three airports…
Elon Musk's America PAC Spends Heavily on Attack Ads in Key Senate Races economy-finance
Elon Musk's America PAC is targeting key Senate contests with a strategy that heavily emphasizes negative advertising against Democrats, allocating nearly three times as much for…
Goldman Sachs Warns China's Export Boom May Face Ceiling as Trading Partners Reach Absorption Limits economy-finance
According to a report from Goldman Sachs, led by chief China economist Hui Shan and released on Wednesday, China's export expansion may face challenges in the upcoming years as…
Bundestag Debates Carsten Linnemann's Care Reform as Eigenanteil Reaches 3,364 Euros economy-finance
The Bundestag is currently negotiating the care reform (Pflegereform) put forward by Health Minister Carsten Linnemann of the CDU. Under current conditions, nursing home residents…
Bank of England FXJSC Sub-Committee Meets to Discuss T+1 Settlement, FX Innovation, and 2027 Global Code Review economy-finance
On June 16, 2026, the Operations Sub-Committee of the London Foreign Exchange Joint Standing Committee (FXJSC) convened under the leadership of James Kaye from HSBC. New…
WIRED Tracks America PAC's $26.7 Million Midterm Spending, With $21 Million Aimed at Seven Senate Races economy-finance
As of October 6, America PAC has allocated $26.7 million for the 2026 midterm elections, with $21 million directed towards seven competitive US Senate races, as revealed by…
PRA Proposes Automatic GDP-Linked Increases for 128 Regulatory Thresholds economy-finance
The Prudential Regulation Authority (PRA) has put forth a proposal to adjust 128 regulatory thresholds for banks, insurers, and credit unions in line with nominal Gross Domestic…
Renault's Chinese EV Motor Assembly Plan in Cleon, France, Raises Job Loss Concerns economy-finance
Renault plans to assemble electric vehicle motors from Chinese components at its factory in Cleon, a small town in Normandy, France, over 100 kilometers from Paris. The factory's…
Xiongan New Area Pursues High-Value Tech Firms with '511' Goal economy-finance
According to sources and local officials, Xiongan New Area, envisioned as China's 'city of the future' and designed to house state-owned enterprises moving from Beijing, is…
Xi-Trump Summit Leaves China's US Dollar Pivot Unaddressed economy-finance
Beijing is gradually decreasing its investment in US Treasuries while simultaneously establishing a financial safeguard for the yuan, a move that could draw increasing attention…
Hermitage Capital Founder Sean Xiang Yuqiu Maintains Tech Investment Strategy Despite Market Jitters economy-finance
Sean Xiang Yuqiu, the CEO and founder of Hermitage Capital from Hong Kong, has made it clear that his firm remains committed to investing in cutting-edge tech startups worldwide.…
Bitcoin Approaches Full Bullish Moving-Average Alignment for First Time Since Mid-2025 economy-finance
Bitcoin is nearing a significant technical achievement, with its 50-, 100-, and 200-day moving averages poised for a bullish crossover for the first time since mid-2025. Currently…
Trump Administration Allocates $150 Million for Alaska Transmission Lines as Vance Campaigns for Sullivan economy-finance
On Monday, the Trump administration is set to reveal a $150 million federal investment for new power lines in Alaska, coinciding with Vice President JD Vance's campaign visit for…
Tariffs Drive Up Musical Instrument Prices, Threatening School Music Programs economy-finance
Rising prices for musical instruments, driven by tariffs, are affecting school music programs nationwide. The cost increases pose a particular risk to lower-income school…
France's 2027 Culture Budget Cut by €95.4 Million as Minister Catherine Pégard Defends Reduction economy-finance
On October 1, France's draft finance law for 2027 designates €3.649 billion for the Culture mission, reflecting a reduction of €95.4 million (2.55%) from the €3.745 billion…
Hong Kong Grants Bakai Bank Restricted Licence, First Kyrgyz Lender in City economy-finance
Bakai Bank, a prominent financial institution in Kyrgyzstan, has received a limited banking licence from the Hong Kong Monetary Authority, marking it as the first bank from…
Shein's Slump Exposes the Squeeze on Fashion's Middle Market economy-finance
Shein's market value has drastically decreased from nearly $100 billion in 2022 to approximately $26.5 billion following its recent IPO, with a 10% drop in share prices on the…
Hong Kong Lawmakers Call Five-Year Tax Incentive Too Short for Innovative Firms economy-finance
Legislators in Hong Kong have approved a proposed preferential profits tax initiative aimed at innovative businesses, yet they argue that its five-year timeframe is inadequate to…

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