During the peak of the pandemic, wealthy, listless people stuck in lockdown spent their time outbidding each other online, turning nearly every luxury acquisition into a “so-called alternative asset class.” So it made complete sense when the likes of Sotheby’s launched an online auction ‘Scarce Air’, featuring the rarest Nike sneakers ever produced, from 18…

In March, the World Bank predicted that East Asian and Pacific economies would grow more than it previously estimated, due to a “sharp rebound in activities in China, noting that the region hasn’t been affected by global banking stresses.” On 13 April, CNBC reported that Asia-Pacific markets were lower on Thursday, following official meeting minutes…