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Defying downturn, auction houses bid high on Hong Kong
Defying downturn, auction houses bid high on Hong Kong

Three of the world's top auction houses are racing to expand in Hong Kong, eager to woo young Asian buyers even as the global art market retreats from pandemic-era highs. Auction houses are now competing for younger buyers and embracing online bidding -- a shift accelerated by the pandemic.

LVMH's publicity in Olympics ceremony raises eyebrows
LVMH's publicity in Olympics ceremony raises eyebrows

LVMH's high profile and highly visible product placement in the Paris Games opening ceremony surprised marketing experts and raises the possibility it could cause problems for the International Olympic Committee with their long-term sponsors. "I can't remember in an International Olympic Committee - IOC Opening Ceremony a branded moment like Louis Vuitton today in Paris.

Video game makers see actors as AI 'data,' says union on strike
Video game makers see actors as AI 'data,' says union on strike

Artificial intelligence was key to last year's Hollywood strikes, and it has now sparked a second walkout by those actors who work in a far larger industry, at the heart of advancing technology -- video games. For vulnerable actors, still reeling from the impact of the Hollywood strikes, the idea of more time out of work is challenging.

Airbus and Boeing supremacy secure despite turbulence
Airbus and Boeing supremacy secure despite turbulence

Boeing's safety troubles and the Airbus scramble to ramp up production should have left a gap for smaller rivals to challenge their dominatiion of the commercial airliner market. Airbus and Boeing still expect COMAC to become a rival.

G20 seeks common ground on taxing super-rich
G20 seeks common ground on taxing super-rich

G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich Friday, with a deal in Brazil likely to call for individual nations to strengthen their own measures, rather than delivering a set of unified regulations.

Russian central bank hikes key rate to fight inflation
Russian central bank hikes key rate to fight inflation

Russia's central bank raised its key interest to 18 percent on Friday, the sixth hike in just over a year as it seeks to tame soaring price rises. The interest rate was previously at 16 percent and Nabiullina kept open the possibility of further hikes.

Economy

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