Purveyors of luxury goods, for whom high prices have always been part of the cachet, had to discount 35 to 40 percent of their products to move merchandise in 2025, 5 percent more than a decade earlier, according to research and consulting firms Altagamma and Bain & Co.
In an open letter to the European parliament, a band of 68 well-respected European economists argue that “a digital euro is not a nice-to-have. It is an essential safeguard of European sovereignty, stability, and resilience.”
Declaring 2025 to have been an “extraordinary year” in which China reached its 5-percent economic growth target and grew its GDP to $20 trillion, President Xi Jinping pledged to implement more policies intended to jump-start the country’s ailing domestic economy.
BYD, the world’s best-selling brand of electric vehicles (EVs), more than tripled its November sales across the Eurozone in 2025, year over year, according to the European Automobile Manufacturers Association (ACEA).
China will export 3.7 million electric vehicles this year, a better than 50-percent gain over 2025’s total, UBS analysts are forecasting. BYD, the country’s leading privately owned electric vehicle (EV) maker, will be the chief beneficiary, according to the China Passenger Car Association (CPCA).
December marked a turnaround in the manufacturing economies of China, South Korea, and Taiwan following several months of decline.
The Eurozone’s industrial economy sank deeper into recession last month, according to the Hamburg Bank of Commerce’s purchasing managers index (PMI).
Global stock markets, still high on euphoria and fear of missing out over artificial intelligence (AI), may be ignoring a key and growing risk: a rise in inflation driven partly by the tech frenzy itself, money managers are warning.
Meeting with leaders of major oil companies last week, Donald Trump urged them to spend $100 billion to rehabilitate Venezuela’s decrepit oil industry, promising them riches in return.
Mergers and acquisitions involving Swiss companies have reached their highest number since 2018 and Swiss businesses have taken part in deals worth $163 billion so far this year, the Financial Times reported.