Economy & Finance

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• China Urges France to Abandon Anti-Fast Fashion Law, Citing Discrimination economy-finance

  On Thursday, China’s Ministry of Commerce (Mofcom) revealed that it had engaged in talks with French firms operating within its borders, reiterating its call for France to retract…

• Yomoni Survey of 3,600 French Families Reveals Parents Struggle With Children's Pocket Money and Financial Education economy-finance

  A survey conducted by Yomoni from August 21 to 28, 2026, involved 3,600 parents with children aged 6 to 17. The results indicated that 47% of respondents think their children lack…

• Brazil Scraps Tax on Small Parcels, Benefiting Shein, Shopee, and AliExpress economy-finance

  Brazil's Congress has just passed a law removing import taxes on small packages, right before the previous exemption was set to expire. This change allows major Chinese e-commerce…

• DOJ Requests More Info on Fox's $22B Roku Acquisition economy-finance

  Fox Corp. and Roku have received a second request for information from the U.S. Department of Justice (DOJ) as part of the agency's antitrust review of Fox's planned $22 billion…

• DeepSeek Taps CITIC Securities for Shanghai STAR Market IPO economy-finance

  According to Reuters, DeepSeek, an AI firm recognized for its extensive language models, has enlisted CITIC Securities to assist with its initial public offering on Shanghai's…

• Young Argentines' Debt Crisis Tests Milei's Support economy-finance

  Young Argentines are facing a mounting household debt crisis, which presents a major hurdle for President Javier Milei, who had strong backing from this demographic in his…

• Oil Surges Past $100 as US-Iran Hostilities Escalate; UK Leads 12 Nations in West Bank Settlement Sanctions economy-finance

  Brent crude prices surpassed $100 a barrel for the first time since July 24, rising 3.1% to $100.95. This spike followed the US's destruction of five Iranian oil tankers,…

• Prudential, Manulife Forge AI Alliances with Alibaba Cloud, Ant Health Amid China Tax Changes economy-finance

  Prudential and Manulife, two insurance companies based in Hong Kong, have formed technology partnerships with Alibaba Cloud and Ant Health, respectively, in response to stricter…

• Chinese Energy Firms Warn Policy Volatility Complicates Overseas Expansion economy-finance

  Sungrow and EVE Energy, two Chinese energy firms, have expressed their worries regarding the unpredictable nature of policies in foreign markets, which they claim hinders their…

• China's factory-gate prices rise 3.8% in August amid Iran war energy volatility economy-finance

  China's producer price index (PPI) rose 3.8% year-on-year in August, up from 3.5% in July, according to data from the National Bureau of Statistics (NBS) released on Wednesday.…

• Freelance Statistics 2026: 76.4M US Workers, $1.5T Economy, AI Impact economy-finance

  By 2026, the freelance labor force in the United States has expanded to 76.4 million, accounting for 38% of the overall workforce and generating an annual income of $1.5 trillion.…

• 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…