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Airbnb had big plans for the Tokyo Olympics by becoming the official accommodation sponsor, sparking hosts across Japan to prepare for tourists. Now, apartments are vacant.
Research has shown that diverse companies are more innovative and perform better. But strategies typically used to create inclusive work environments haven’t always been effective.
An economy in recovery means finding some rest and relaxation could make a bigger dent in your wallet. -from WSJ
If you’re one of the 72% of Americans taking a road trip this year, don’t forget your toll passes---plural. There are, after all, over 130 toll systems across 34 states, so you better be prepared.
Becoming an Olympic swimmer is an aspiration for thousands of young athletes in the USA. But it comes at a heavy cost. Club dues alone can set swimmers back thousands of dollars each year. -from WSJ
Rising life expectancy and falling birth rates mean the world's average person is getting older. It also means they will be working a lot longer. -from Bloomberg Quicktake
A new defect on Boeing’s Dreamliner aircraft surfaced in July, the latest in a series of issues that arose late last summer. Deliveries of the popular plane are now halted.
While Covid-19 vaccinations are highly effective at preventing hospitalizations or death from the virus, they’re not foolproof in preventing infection. This poses problems for events like the Olympics
Covid-19’s Delta variant is proliferating world-wide threatening unvaccinated populations and economic recovery. WSJ breaks down events in key countries to explain why Delta is spreading faster.
The Wall Street Journal created dozens of automated accounts that watched hundreds of thousands of videos to reveal how the social network knows you so well.
Rising in popularity in the 1950s and 1960s, the convertible car is an automotive American icon. It was a vehicle meant for leisure and fun. -from CNBC
Boeing and Airbus dominate global aviation, but China’s Comac wants to challenge the duopoly with new planes.
Low-wage work is in high demand, and employers are now competing for applicants, offering incentives ranging from sign-on bonuses to free food.
The world’s animals and wildlife are becoming extinct at a greater rate than at any time in human history. Could technology help to save threatened species?
Across much of the world, covid-19 restrictions are starting to ease. The Economist has crunched the data to calculate how close countries are to pre-pandemic levels of normality.
This summer it’s harder than ever to rent a car in the U.S., especially at popular vacation destinations. To learn what’s behind the spike in rental car prices, WSJ speaks with an industry analyst.
James Risoleo, Host Hotels CEO, joins CNBC's "Closing Bell" to discuss his company's first acquisition in the Florida Keys, and his outlook on the tourism and hotel industry. -from CNBC
A common belief among players is that the ball they choose can help them win. But there’s real physics at play behind this ritual and it all comes down to the fuzz.
At the Chinese Communist Party’s centennial celebration, President Xi Jinping called for defiance against foreign pressure.
The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone.
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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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