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Prices for the American dream home have skyrocketed. The U.S. housing market has been an unlikely beneficiary from Covid-19.
The NCAA enacted an interim name, image and likeness policy almost a year ago, which allows athletes many of whom have big social media followings to make deals with local car dealerships.
Semiconductor manufacturers Samsung, Intel and Texas Instruments recently announced plans for new chip factories in the U.S.
Netflix’s subscriber count fell for the first time in nearly a decade, causing its stock to post its worst one-day percentage decline since 2004.
As Europe races to wean itself off Russian energy, American natural-gas producers are struggling to meet the demand and prices are rising.
Diesel prices reached all-time highs in March of 2022. Gasoline prices may hit consumers directly, but diesel prices are driving up the costs of all kinds of goods.
Beijing is racing to test more than 20 million people as residents scramble to stock up on food.
Cryptocurrencies, decentralised finance and blockchain technology—what do these terms really mean? The Economist’s finance correspondents guide us through the key concepts of crypto.
As of 2020, there were some 270 million registered vehicles in the United States, each one adorned with a mandatory license plate or two.
As Shanghai remains locked down amid China’s biggest Covid-19 outbreak, residents are taking to social media to vent about a shortage of food or they're bartering with neighbors.
Africa’s tech startups raised a record $5 billion in 2021 as investors piled into firms trying to fix the continent's thorniest problems. But money isn't flowing evenly.
At Austin, Texas-based Moment Motor Co., beloved vintage cars from Porsches to DeLoreans are converted into electric vehicles, making them cleaner and more reliable while retaining their classic feel
The U.S. dollar is the most powerful currency that exists today. Yet, analysts have been warning the dollar’s impending doom since its original rise to prominence in 1971.
This two-legged chair has been famous for almost 100 years.
When it comes to green manufacturing, China is now a clean-energy powerhouse.
It was supposed to be the future of housing. What went wrong?
FedEx, UPS and Amazon make deliveries on behalf of retailers advertising “free” shipping. But, none of those packages are being shipped for free.
The Roadster was Tesla’s first car. And with only 2,450 made and an estimated 1,500 left, it’s an endangered species.
Chinese scientists are studying rocks brought back from the moon for a glimpse into the vast resources that could be mined one day and used on Earth.
Gasoline prices rose to record highs in the United States after Russia invaded Ukraine. But the U.S. is the largest oil producer in the world and imports very little petroleum from Russia.
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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.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
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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