Economia e Finanza

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• Loop Arts Events Generated $395M for Chicago Economy in Q2 2026 economy-finance

  From April to June 2026, nearly 1.5 million individuals visited arts and culture events in downtown Chicago's Loop, generating over $395 million for the local economy—a 20% rise…

• China and US seek industry input on tariff cuts ahead of Xi-Trump summit economy-finance

  China's Ministry of Commerce announced a collaborative effort with the United States to gather insights from the industry regarding potential tariff reductions using a newly…

• UK PM Burnham announces business rates cut for pubs and venues economy-finance

  On Thursday, UK Prime Minister Andy Burnham revealed a 20% reduction in business rates for pubs, clubs, and live music venues, a move aimed at alleviating the ongoing cost of…

• EU Fines Google €890 Million Under Digital Markets Act economy-finance

  On Thursday, the European Union imposed a record fine of €890 million (US$1 billion) on Google for breaching the Digital Markets Act, the highest penalty ever levied against a…

• AI trade shifts emerging market dominance to South Korea and Taiwan economy-finance

  South Korea and Taiwan now account for over half of the MSCI Emerging Markets Index, overtaking China and India. As of last month, South Korea's weight was nearly 24%, Taiwan's…

• China's Bank Wealth Products Under Fire for Misleading Yield Displays economy-finance

  Chinese bank wealth management products are facing increased scrutiny after an investigation revealed that some institutions are selectively highlighting short-term returns while…

• Chile seeks to diversify copper buyers with $100B mining plan economy-finance

  Chile's foreign minister Francisco Perez Mackenna announced at a Bloomberg summit in Singapore that the country aims to attract approximately US$100 billion in mining investment…

• US Trade Rep Says China Critical Mineral Exports Still Insufficient Ahead of Xi-Trump Meeting economy-finance

  On Wednesday, U.S. Trade Representative Jamieson Greer addressed the Senate Finance Committee regarding the difficulties in securing adequate exports of essential minerals from…

• Chinese automakers like XPeng challenge Europe as VW cuts 50,000 jobs economy-finance

  As Volkswagen plans to cut 50,000 jobs while clinging to combustion engine technology, Chinese automakers are aggressively entering the German auto market. XPeng's CEO has…

• GST Explained: When to Register and How to Avoid Fraud economy-finance

  The goods and services tax (GST) is a 10% tax on goods and services in Australia, collected by businesses on behalf of the Australian Tax Office (ATO). Businesses with an annual…

• China's low-cost business model resists reform due to structural incentives economy-finance

  A South China Morning Post opinion piece argues that China's low-cost business model persists despite its diminishing usefulness because of built-in fiscal incentives that…

• Chinese robot maker AgiBot eyes Hong Kong IPO with three sponsors economy-finance

  AgiBot, a Chinese robotics firm, is aiming for an initial public offering in Hong Kong and has enlisted Citic, CICC, and Morgan Stanley as joint sponsors, sources indicate. The…

• German Debt Brake Reform Blocked by Commission of Opponents economy-finance

  A government-appointed commission has failed to reach a compromise on reforming Germany's debt brake (Schuldenbremse), effectively shelving the project. The commission, tasked…

• US War in Iran Costs $37.5 Billion So Far, Pentagon Chief Says economy-finance

  On Tuesday, Defense Secretary Pete Hegseth informed lawmakers that the financial toll of the U.S. war in Iran has escalated to $37.5 billion. This was his first time addressing…

• Disney lays off hundreds more employees across Pixar and National Geographic economy-finance

  The Walt Disney Company has laid off hundreds of employees across multiple divisions, with the majority of cuts occurring at Pixar Animation Studios and National Geographic. Staff…

• China expands land trade routes to Central Asia amid maritime tensions economy-finance

  In a bid to diversify its export routes amid rising geopolitical tensions affecting maritime trade, Beijing is swiftly developing land trade pathways to Central Asia. For the…

• Canadian provinces maintain US alcohol bans despite Trump tariff threat economy-finance

  Several Canadian provinces, including Ontario and Quebec, continue to ban American wine and spirits from government-operated stores, defying a new tariff threat from US President…

• Vietnam Fines Crypto Traders Up to $1,900 for Using Unlicensed Platforms from September 1, 2026 economy-finance

  Starting September 1, 2026, Vietnam will enforce penalties reaching 50 million VND ($1,900) on individuals engaging in digital asset trading via unlicensed platforms, as outlined…

• Houthi blockade threat risks $100 oil for Asia economy-finance

  The Houthis have threatened to blockade Saudi oil shipments through the Bab el-Mandeb Strait, potentially driving oil prices above $100 per barrel for Asian buyers. The threat,…

• UK PM Burnham Cuts Electricity Tax to Ease Cost-of-Living Crisis economy-finance

  British Prime Minister Andy Burnham announced on Tuesday the removal of value-added tax from domestic electricity bills starting October 1, cutting approximately £45 from the…

• Beijing's stock support aims to fuel tech drive and sustain bull run economy-finance

  Beijing is taking steps to strengthen the $15 trillion stock market, aiming to create a stable bull market that promotes tech self-reliance and protects family savings. Just this…

• China Tightens Fuel Export Controls Amid Iran War to Protect Domestic Supply economy-finance

  Despite relaxing certain restrictions in March 2027, China continues to impose stringent controls on fuel exports, emphasizing the importance of domestic energy security amid the…

• China's chip war strategy needs multinational allies economy-finance

  For China to prevail in the semiconductor competition, it needs to implement a multinational approach, capitalizing on its stronghold in legacy integrated circuits for consumer…

• Ant International raises $1.2B for global expansion economy-finance

  Ant International, a branch of the Chinese fintech giant Ant Group based in Singapore, has raised about $1.2 billion in a Series A funding round to support its global growth. This…

• South Korea Probes 40 Crypto Manipulation Cases Under 2024 Law economy-finance

  South Korea's Financial Services Commission (FSC) has investigated approximately 40 suspected crypto market manipulation cases since the Virtual Asset User Protection Act took…

• Hong Kong Lawmakers Push for Commercialization of Museums Amid $500M Deficit economy-finance

  Hong Kong's Legislative Council has recommended that 15 government-run museums adopt more commercial operations to address a $500 million funding gap. The deficit was revealed in…

• Trump Imposes 50% Tariffs on Canadian Goods Over Dairy, Cars, Alcohol economy-finance

  US President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, accusing Canada of unfair discrimination against American cars, alcohol, and dairy products. The…

• China to Let Oil Prices Spike Rather Than Tap Strategic Reserves economy-finance

  Analysts indicate that China is unlikely to tap into its strategic petroleum reserves to mitigate the effects of increasing oil prices that may arise from a possible conflict with…

• Hungary Probes BYD Deal After Ex-Minister Joins Chinese Carmaker economy-finance

  The Hungarian government initiated an investigation into the significant investments made by Chinese electric vehicle manufacturer BYD on Monday. This inquiry follows the…

• Europe's trade war strategy with China shifts to survival and deterrence economy-finance

  Brussels is increasingly focused on ensuring core European industries survive a potential trade war with China, shifting from de-risking to building credible retaliatory tools.…

• TSMC invests additional $100 billion in Arizona AI chip production economy-finance

  Taiwan Semiconductor Manufacturing Co. (TSMC) has announced a further investment of $100 billion in its facilities in Arizona, attributing this decision to a sustained increase in…

• Germany Joins France in Push for Stronger EU Trade Defenses Against China economy-finance

  Germany has shifted its stance to align with France in urging the European Union to strengthen trade defenses against China, as the bloc's trade deficit with Beijing widens by €1…

• EU fines AliExpress €550 million over illegal products under Digital Services Act economy-finance

  On Monday, AliExpress was fined €550 million (US$630 million) by the European Union for permitting the sale of illegal items, such as hazardous toys and cosmetics. This penalty…

• Apple Overtakes Nvidia as World's Most Valuable Company Amid AI Skepticism economy-finance

  On Friday, Apple briefly claimed the title of the world’s most valuable company, overtaking Nvidia as investors moved away from semiconductor stocks. This transition reflects…

• German rearmament threatens welfare state, analysis finds economy-finance

  A new analysis in Der Freitag argues that Germany's massive rearmament spending, financed through debt, will directly undermine the welfare state. Interest payments on…

• China to conclude Trip.com antitrust probe with potential billions in fines economy-finance

  China's State Administration for Market Regulation (SAMR) is expected to conclude its antitrust investigation into Trip.com, the country's leading online travel service provider,…

• China shifts from contractor to stakeholder in Ivory Coast economy-finance

  China is transitioning from a contractor to a stakeholder in Ivory Coast's fast-growing economy, with a $209 million tourist complex among its new investments. This shift marks a…

• Jingye Group demands compensation from UK over British Steel nationalisation economy-finance

  Jingye Group, the Chinese former owner of British Steel, demanded compensation from the UK government on Sunday for investment losses after the nationalisation of the manufacturer…

• Netflix Stock Plunges 8% After Q2 Earnings Renew Growth Concerns economy-finance

  On Friday, Netflix's stock dropped 8% to $68.64, hitting its lowest point in a year, following the release of its Q2 earnings report that sparked growth apprehensions. The company…

• ESMA Adds 14 Firms to MiCA Register, Ripple Among Newcomers economy-finance

  On July 16, the European Securities and Markets Authority (ESMA) revealed that it has added 14 new firms to its Markets in Crypto-Assets (MiCA) register, increasing the number of…