Stocks
BYD Took Tesla’s Crown and Then Lost the Plot at Home
BYD outsold Tesla by 600,000 EVs in 2025, then saw domestic sales crash 62% in January as Xiaomi's YU7 took China's top spot. Blade Battery 2.0 is the reply.
Europe
The Paper Market Says $103. The Physical Market Stopped Agreeing Two Weeks Ago.
Brent at $103. WTI at $96. Physical Dubai crude is trading $38 above its paper price. One tanker crossed Hormuz on Monday. The pre-war average was 24 per day.
Economy
Four Central Banks, One Week, Zero Answers on Oil
The ECB and Bank of England both decide on March 19. Both hold. The ECB releases updated staff projections - the first since Hormuz closed.
Stocks
Orlen Just Surpassed Gazprom in Market Cap. The Rest of Warsaw Is Having a Much Harder Week.
WIG20 at 3,274. Orlen just surpassed Gazprom in market cap at an all-time high. KGHM is testing key support for the fourth time. PKO BP posted record profits. Warsaw is three different trades right now.
Stocks
The PX Hit an All-Time High in February. It Has Since Lost 10%. Here Is What Actually Happened.
PX hit an all-time high of 2,805 in February. It has since fallen 10% to 2,512. The CNB meets on March 19. Here is what is driving Prague lower and what matters next.
Crypto
Coinbase Is Reportedly Buying Into Bybit. Read the Strategic Logic Before the Hype Does.
Coinbase is reportedly in talks to take a stake in Bybit at a $25B valuation. Neither side confirmed it. Here's the actual strategic logic behind the deal and the regulatory friction nobody is discussing.
Asia Pacific
China Set Its Lowest Growth Target Since 1991. The Number Is the Least Interesting Part.
China set its lowest GDP growth target since 1991 at the NPC on March 5. The 15th Five-Year Plan reveals more than the number. Here's what the document actually argues.
Commodities
Vietnam Has 20 Days of Fuel Left. The Philippines Sources 96% of Its Oil from the Gulf. The Strait Is Still Closed.
Vietnam has under 20 days of fuel reserves. The Philippines sources 96% of its oil from the Gulf. Brent is above $100 and the Strait is still closed. Here's the regional damage in numbers.
