In 2023, global military expenditure rose for the ninth consecutive year, exceeding $2.4 trillion. This surge, fueled by the ongoing Russia–Ukraine war and escalating geopolitical tensions, marked a 6.8% increase—the largest annual rise since 2009. This pushed world military spending to its highest level recorded by SIPRI (Stockholm International Peace Research Institute). The global military burden, defined as military expenditure as a share of GDP, reached 2.3%, with governments dedicating an average of 6.9% of their budgets to defence or approximately $306 per person.
Category Archives: Market trends
Which altcoins did the best in 2024?
Bitcoin’s recent all-time highs, driven by market hopes and optimism that the new Donald Trump administration will take a pro-crypto stance and investor interest, has put the spotlight on the cryptocurrency sector once again. In the past 12 months, Bitcoin’s price has risen almost 153% and in November alone, when it nearly touched the $100,000 milestone, bitcoin has grown almost 37%.
Bitcoin’s rise and the overall bullish sentiment has revitalised the interest in some much smaller and cheaper altcoins, some of which can boast spectacular performances in the past 12 months and this November alone. Let’s take a look at several of them!
Could Tesla’s Market Cap Soar to $2 Trillion by 2025?
EV maker Tesla has been through its ups and downs, but has consistently defied expectations and some analysts now predict that its market cap could hit $2 trillion by 2025. It is hard to tell whether this is achievable, but Tesla has performed rather well recently.
Easter trading hours changes
Dear clients,
We would like to inform you that the trading hours of some markets will be changed this week (March 28 – 2 April) in connection with the upcoming Easter holidays as per the Catholic and Protestant calendars. You can view the changes here.
Europe’s Magnificent Eleven Stocks: Unveiling the GRANOLAS
The European stock market has been buzzing with the rise of a select group of heavyweights, affectionately called the GRANOLAS. Coined by Goldman Sachs, this nickname refers to eleven European companies that have eclipsed the broader stock market’s performance in recent years. In this blog post, we will delve into who the GRANOLAS are and why they have become Europe’s magnificent stocks.
Louis Vuitton Handbags and Shiny Trinkets: The European Luxury Brands in 2024
The European luxury sector, renowned for its elegance and timeless appeal, finds itself at a critical juncture in 2024. As the global market grapples with the aftermath of the pandemic, luxury brands face a range of challenges and opportunities. This article explores insights from various sources to shed light on the outlook, focusing on the significance of Chinese consumer behavior, the performance of key luxury players, and the potential for growth and transformation.