Economy & Finance

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

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China's Post-Gaokao Teens Splurge on Vacation and Electronics economy-finance
This summer, recent high school graduates in China, all 18 years old and fresh from the national college entrance exam, referred to as the Gaokao, are investing tens of thousands…
Mexico Eyes New Tariffs on Chinese Goods Amid USMCA Extension Push economy-finance
Mexico is exploring additional trade restrictions on selected products from China and other nations, potentially raising import duties. The move would bolster alignment with…
Putin Hosts Myanmar Leader, Promotes Oil Refinery and LNG Cooperation economy-finance
On Tuesday in Moscow, Vladimir Putin hosted Myanmar President Min Aung Hlaing, describing him as a friend of Russia. Putin said the two countries are cooperating in energy,…
Trump and Carney Hold Urgent Talks as 50% US Tariffs on Canada Loom economy-finance
With a midnight deadline hours away, Canadian Prime Minister Mark Carney and US President Donald Trump spoke by phone Monday in a last-ditch effort to avert new 50 percent tariffs…
China Launches First Regular Arctic Shipping Service via Northern Sea Route Amid Red Sea Crisis economy-finance
China has launched its inaugural scheduled shipping route via the Northern Sea Route (NSR) in the Arctic, coinciding with disruptions in the Red Sea due to the Iran conflict, a…
Baidu Revenue Misses as Ad Decline Outpaces AI Cloud Growth economy-finance
On Tuesday, Baidu reported second-quarter revenue of 31.33 billion yuan ($4.62 billion), falling short of analyst expectations. The Chinese search giant's online advertising…
Trump Cites India's Voter ID System to Promote SAVE America Act economy-finance
President Donald Trump is holding up India's election system as a template for the US, urging Congress to pass the SAVE America Act. The bill would require proof of citizenship…
China Cuts US Treasury Holdings to 18-Year Low Amid Iran Tensions and Fed Uncertainty economy-finance
China's holdings of US Treasuries fell to US$633.4 billion in June, the lowest since September 2008, according to US Treasury Department data released Monday. The May figure was…
US Diesel Crack Hits Record $102.20 on Supply Disruptions economy-finance
On Monday, the diesel crack spread reached an unprecedented $102.20 per barrel, reflecting escalating refining profits amid rising global supply issues stemming from turmoil in…
Paramount Demands $1.9 Billion Bond from 12 States Opposing Warner Bros Merger economy-finance
Paramount has demanded a $1.9 billion bond from twelve U.S. states that are opposing its merger with Warner Bros. The states, led by Democratic attorneys general, along with the…
Shein's Hong Kong IPO Valuation Drops to Quarter of 2022 Peak economy-finance
According to Reuters, Shein, the prominent fast-fashion e-commerce platform, aims for a valuation of around $25 billion for its upcoming IPO on the Hong Kong Stock Exchange. This…
EU-Staaten weigern sich, Ukraine-Hilfen mitzutragen: Deutschland zahlt 43,3 Mrd. Euro economy-finance
Die Europäische Union plant, ihre Unterstützung für die Ukraine in den Jahren 2026 und 2027 durch ein Darlehen von 90 Milliarden Euro abzusichern. Der gesamte Finanzierungsbedarf…
Alibaba Sells Gaming Unit Lingxi Games to Trustar Capital for $1.5B to Fund AI economy-finance
Alibaba Group has made a significant move by agreeing to sell its gaming unit, Lingxi Games, to Trustar Capital, a private-equity firm based in Asia, for a minimum of $1.5…
Ingenic Semiconductor Launches HK IPO to Raise Up to HK$3.22 Billion economy-finance
Ingenic Semiconductor, based in Beijing, has initiated a share offering in Hong Kong aiming to secure as much as HK$3.22 billion (US$410.4 million). This move aligns with a trend…
World Liberty Financial Gets Conditional Approval for National Trust Bank economy-finance
On Friday, the Office of the Comptroller of the Currency (OCC) granted conditional approval to World Liberty Financial, which is supported by President Donald Trump, to create a…
US Treasury weighs new Iran sanctions targeting Chinese banks, shadow fleets economy-finance
According to Treasury Secretary Scott Bessent, the US Treasury Department is considering new economic strategies against Iran, including focusing on Chinese banks, shadow fleets,…
Live Shared Experiences: A Haven for AI-Fearful Investors economy-finance
The Financial Times reports on the growing popularity of live shared experiences, from sports events to cinema-going, which are increasingly seen as a safe haven for investors…
China's Young Fund Managers Face Billion-Yuan Mandates Amid AI Market Turmoil economy-finance
Amid a 50-day period of market upheaval, emerging portfolio managers in China faced increased scrutiny as their technology investments faltered. Yuan Zeqiang, who has three and a…
UK Universities Face Financial Crisis as International Student Numbers Collapse economy-finance
UK universities are confronting a financial dilemma, marked by an 11% decline in international student visa applications by July compared to the previous year, with some…
Chinese Ultra-Wealthy Shift to Domestic High-End EVs as Tech Outweighs Prestige economy-finance
An emerging group of wealthy Chinese consumers is opting for domestic brands when it comes to high-end electric vehicles (EVs), placing greater emphasis on technology and driving…
Kodak Reports Fourth Consecutive Quarter of Growth, Stock Nearly Doubles economy-finance
Eastman Kodak has announced its fourth straight quarter of year-over-year growth, reporting Q2 FY2026 revenue of $311 million, an increase of $48 million compared to last year.…
Citi: Chinese Carmakers Could Take 15-30% of European Market by 2035 economy-finance
Citi analysts anticipate that by 2035, Chinese automotive manufacturers may secure a market share of 15% to 30% in Europe, increasing from approximately 10% this year. This…
Russia warns of 'chaos' in global food market after Ukraine strikes grain terminals economy-finance
Operations at three major grain terminals in Novorossiysk, Russia, have been suspended due to significant damage from a large drone strike carried out by Ukraine overnight.…
China's Gen Z Shifts from Credit Cards to App-Based Borrowing economy-finance
Credit card ownership in China is declining sharply, yet young consumers, particularly Generation Z, continue to borrow through alternative channels such as food-delivery,…
US Soybean Growers Diversify Markets Amid Falling China Demand economy-finance
The American Soybean Association reports that US soybean farmers are pivoting to new buyers and biofuel producers as Chinese imports decline. According to Scott Gerlt, the…
EU Packaging Rules Reshape China's E-commerce Exports economy-finance
On Wednesday, the European Union rolled out its new Packaging and Packaging Waste Regulation (PPWR), replacing a directive from 1994. This regulation sets forth guidelines for all…
Trump Media Reports $238M Q2 Loss as Crypto Holdings Fall $307M economy-finance
For the second quarter of 2026, Trump Media & Technology Group, the parent company of Truth Social, experienced a net loss of $238.1 million, a significant increase from the $20…
Grayscale Withdraws Cardano, Hedera, and Polkadot ETF Filings from SEC economy-finance
On August 7, 2026, Grayscale Investments submitted registration statements for three spot crypto ETFs linked to Cardano's ADA, Hedera's HBAR, and Polkadot's DOT to the SEC.…
China seeks to join Brazil's WTO case against US forced labour tariffs economy-finance
On Monday, China signaled its intention to participate in World Trade Organization talks initiated by Brazil concerning US tariffs that may reach up to 37.5 percent. This…
Fujifilm Warns Memory Crisis Will Raise Camera Prices economy-finance
Fujifilm has revised its cost projections for the fiscal year ending March 31, 2027, citing increased memory prices. The company now expects to spend an additional 14 billion yen…
Nvidia and Wall Street Giants in Talks for $500B AI Infrastructure Funding economy-finance
Nvidia is partnering with a group of major US investment firms to fund $500 billion in AI infrastructure projects, according to a Financial Times report. The firms involved…
Thames Water Pays £1m to CFO Amid £20bn Debt and Leak Crisis economy-finance
Thames Water, the largest water supplier in the UK, is facing criticism over a £1 million severance payment to its Chief Financial Officer, Steve Buck. This controversial payout…
China Imposes Preliminary Anti-Dumping Duties on US and Mexican Pecans economy-finance
China's Ministry of Commerce has announced a preliminary decision indicating that the United States and Mexico are engaging in the dumping of pecans in the Chinese market,…
AI Memory Price Boom May Be Nearing Its End, Analysts Warn economy-finance
Analyst reports suggest that the surge in memory chip prices driven by AI may be approaching its conclusion. Last week, Morgan Stanley cautioned that the memory cycle is set to…
CXMT's MSCI Inclusion Set to Boost Passive Fund Inflows and Highlight China's Semiconductor Ambitions economy-finance
CXMT, China's leading DRAM manufacturer, has been added to MSCI's main global index system, a move expected to spur passive fund demand and draw attention to China's growing…
UK PM Burnham vows to end ‘subscription traps’ amid cost-of-living crisis economy-finance
On Sunday, British Prime Minister Andy Burnham revealed plans to tackle difficult-to-cancel subscriptions and misleading discounts amid the ongoing cost-of-living crisis.…
Fujifilm's Imaging Business Drives Profit Despite Overall Operating Income Decline economy-finance
Fujifilm disclosed its first-quarter financial results for fiscal year 2027, showcasing unprecedented revenues of 826.5 billion yen ($5.246 billion), marking a 10.3% increase…
UnionPay to Link Chinese Payment Apps to Brazil's Pix Amid US Tariff Dispute economy-finance
UnionPay International of China is set to initiate a pilot program aimed at linking Chinese payment applications with Brazil's instant payment system, Pix, which has recently…
US Loses 23,000 Jobs in July, Challenging Trump's Economic Claims economy-finance
On Friday, the US Bureau of Labor Statistics shared some surprising news: the US economy lost 23,000 jobs in July, showing some cracks in the labor market after a steady growth…
Klarna BNPL Expands to Italian Supermarkets, Raising Debt Concerns economy-finance
Since August, customers at the Roman supermarket chain Pewex have been able to make installment payments through Klarna, facilitating online and in-store grocery purchases. In…

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