There is a regular conversation about the 1% versus the 99%, so I tried to track down: who are the 1%? The numbers surprised me. According to the 2024 Global Wealth Report, the global millionaire count has soared, reaching approximately 58 million. I thought it would be more like 100 million millionaires (and probably is in reality). If … Read more
The smart home market continues to gain momentum with Statista forecasting a global market value of US$35,756 million in 2020, growing at a compound annual growth rate of 15.9% and nearly doubling to US$64,452 million by 2024. Statista noted that penetration is at a low 8.0% in 2020, hitting 18.8% by 2024, with the US … Read more
Trademark Protection Thwarting Sustainable Reuse? With new collections each season, the fashion industry produces a highly problematic fashion garbage heap every year. Circular economy projects seeking to produce “new” garments by reworking second hand and unsold fashion items have particular societal value against this background. EU law explicitly recognizes the importance of environmental protection projects … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew a robust 5.4 per cent in the first quarter of this year as producers frontloaded exports to beat higher tariffs imposed by US President Donald Trump, official data showed. The GDP figures … Read more
Catastrophe bond market issuance has already set a new record for the first-four months of the year in 2025, even with half the month of April still to run and billions more in issuance scheduled to settle before May, which has the potential to make this the busiest four-month stretch ever for the sector.The stunning … Read more