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The Art Basel and UBS Survey of Global Collecting 2024 reveals that high-net-worth individuals (HNWIs) are continuing to invest in art despite market challenges. While average spending dropped by 32% in 2023, median spending remained stable at $50,000, with optimism about the market's future rising to 91%. Notably, the share of works by women artists in collections reached 44%, and HNWIs allocated 52% of their spending to new and emerging artists, reflecting a strong support for living talent and new galleries.
At the Brics summit in Kazan, leaders from diverse nations, including autocrats, gathered to promote a "fairer" world order, yet produced a final declaration filled with vague promises and no concrete actions, particularly regarding Russia's war in Ukraine. Despite the lack of progress on key issues like de-dollarization and a new payment system, Putin celebrated the event as a propaganda success, with the UN Secretary-General participating without reproach. The summit's rhetoric highlighted a desire for a multipolar world while ignoring the democratic failures of its leaders.
In 2024, high-net-worth individuals are increasingly investing in emerging artists and local galleries, with 52% of their spending directed towards new talents. Despite a 32% drop in average spending, optimism remains high, with 91% believing in the art market's potential. Notably, 44% of artworks in collections are by women artists, reflecting a cultural shift towards diversity and community engagement in the art world.
The Smart Healthcare market is poised for significant growth from 2024 to 2032, driven by the integration of digital technologies like IoT, AI, and big data to enhance healthcare delivery and patient monitoring. Key players include Allscripts, GE Healthcare, and Oracle, with a focus on telemedicine, hardware, and software applications across various settings. Comprehensive analysis covers market dynamics, competitive landscape, and regional insights, providing valuable data for strategic decision-making.
Oppo is intensifying its focus on artificial intelligence, engaging in weekly discussions with Google and Microsoft to enhance its flagship smartphone with advanced AI features. The company aims to integrate generative AI into 50 million devices this year, while also automating its manufacturing processes to improve efficiency and reduce costs. With a significant portion of its revenue coming from overseas markets, Oppo is positioning itself as a key player in the global smartphone industry amidst the growing demand for AI applications.
The Personalized Healthcare market is poised for significant growth from 2024 to 2032, driven by advancements in genomics, diagnostics, and AI technologies. Key players include GE Healthcare, Illumina, and Abbott, focusing on tailored medical treatments based on individual genetic and lifestyle factors. The report provides a comprehensive analysis of market dynamics, segmentation, and competitive strategies across various regions.
South-East Asia is emerging as a key player in the global economy, attracting multinational firms seeking to relocate manufacturing from China. Countries like Indonesia, the Philippines, and Vietnam are poised for rapid growth, while Malaysia is on track to achieve high-income status. Singapore's role as a financial hub has strengthened amid shifts in regional dynamics.
High-net-worth individuals (HNWIs) continue to invest in art and antiques, with median spending stabilizing at $50,000 in 2023 and $25,555 in the first half of 2024. The share of works by female artists reached 44%, and 52% of expenditures were on new and emerging artists. Optimism about the global art market rose, with 91% of HNWIs expecting positive performance in the next six months.
India's steel ministry is considering implementing a temporary tariff or "safeguard duty" in response to a surge in cheap steel imports from China, which has raised concerns among various countries. This measure would also apply to nations with which India has free trade agreements, reflecting a growing trend of protective actions against Chinese steel exports.
Chinese coal importers are planning to cut shipments due to ongoing financial losses from thermal coal imports. Discussions are underway with overseas miners to secure fewer long-term contracts starting in 2025, as buyers have faced losses from major suppliers including Indonesia, Russia, Australia, and Colombia.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
high net worth individuals sustain art spending amid market challenges
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brics summit ends with empty promises and propaganda success for putin
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smart healthcare market poised for significant growth through 2032
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14:30 24.10.2024
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high-net-worth individuals continue art spending despite market challenges
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India considers steel tariffs despite improving relations with China
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China's coal importers plan to cut shipments amid ongoing losses
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05:38 24.10.2024
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