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The U.S. hasn't updated physical currency but some countries have changed lower denomination bills into coins and paper notes have been converted to polymer.
On July 16, 2023 Canada opened visa applications for a pilot program that would allow up to 10,000 H-1B visa holders in the United States to apply for a three year open-work permit in Canada.
Finding fully remote work is getting challenging. New research from Indeed found that job postings are declining faster in metropolitan areas where many jobs can be done remotely.
Arm beat expectations in its first post-IPO earnings report Wednesday. Its low-power chip architecture is in nearly every smartphone, replaced Intel’s x86 processors in Apple’s Mac computers.
Amazon is the king of fast delivery – it pioneered the free two-day shipping model customers have come to expect.
Bitcoin ATMs, or BTMs, exploded in popularity between 2020 and mid-2022, at the height of the crypto craze. At their peak, BTMs totaled 34,000 across the U.S., according to Coin ATM Radar.
Italy’s parliament has finally approved a plan to build the world’s longest suspension bridge between Sicily and the mainland, an area prone to 170 mph winds, powerful riptides and earthquakes.
Self-driving cars without safety drivers behind the wheel have flooded San Francisco streets.
You’re being asked to tip more and more places today. If you’re annoyed, you’re not alone. A survey by Bankrate found a third of people are annoyed by those pre-entered tip screens.
Some firms sustain their businesses by taking on more debt that they likely could never repay. Economists call them zombie companies. When compared to their peers, zombies are smaller in size and deliver lower returns to investors.
While traditionally, canned tuna was known to be a staple in American homes, consumption rates have fallen dramatically in the past couple of decades. Since 2000, per capita tuna consumption dropped 45.7%.
China's real estate industry is collapsing in slow motion.Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called 'ghost cities' dot the Chinese countryside.
Remember the metaverse? Facebook was so keen on the concept that its CEO Mark Zuckerberg renamed the company Meta. But as the FT’s Hannah Murphy explains, early investor interest has faded.
Over the past couple of years, airlines and credit card companies like American, United, Chase and Capital One are investing millions into expanding their airport lounge networks for customers.
It’s no secret that we’re tipping like never before - everywhere and for everything. While it can certainly be frustrating, there’s a greater issue at hand.
In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January. Prices of EVs are down 22% year-over-year and that's mainly driven by Tesla. About two thirds of EVs sold are Elon Musk's brand.
In the American workplace of 2023, a new labor market trend has taken over where "quiet quitting" left off. Quiet cutting.
Phenylephrine doesn’t work better than a placebo. So why is it still on shelves?
Drivers headed to downtown Manhattan will face a new toll beginning in spring 2024. The final fee, which is still up for debate, is expected to be between $9 and $23 dollars per day for passenger vehicles.
Volkswagen has come to rely on China for a third of its auto sales, but its market share in the country has been waning as rival carmaker companies like BYD hit the market.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
What matters to Today’s Consumer: 2024 consumer behavior tracker for the consumer and retail industries
This report is the third in our annual research series that examines evolving consumer behaviors. This year, we find that many of the behaviors we noted in our 2023 report have persisted, with consumers continuing to express concern about their personal financial situations amid rising inflation. However, this concern has dropped significantly in the past twelve months as just 43% of consumers worry their personal finances will worsen over the next 6–9 months, compared with 80% who were concerned that they would worsen in the equivalent period last year. - From Cap Gemini Read more
52% of consumers are extremely concerned about their personal finances compared to 61% last year. 43% of consumers fear their personal finances will worsen in the next 6-9 months, far below the 80% last year. One in five consumers has already used generative AI in shopping. - From Cap Gemini
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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