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Los Angeles consistently ranks among the most traffic-clogged cities in America. The county has been trying to reduce its traffic for decades and nothing has worked
What will some of 2022’s top themes and stories be? Tom Standage, editor of The Economist’s future-gazing annual, “The World Ahead 2022”, gives his prediction
From summits and peaks to sunsets on the beach, from sending the jump to overcoming the hump... 2021 was the year we came together.
In 2019, 9,478 Americans lost their lives from speeding, contributing to more than a quarter of all traffic fatalities in the year. Speed limits were created to avoid situations like this.
With a decades-long track record of making space a profitable business, Luxembourg is betting big on everything from space resources, satellites, and more.
Fresh numbers from the fall of 2021 suggest that rents will increase at a rapid pace in the coming years. That's a problem for Americans; many spend 30% or more of their income on rent.
The "theatrical window" has shrunk. But it’s still there.
The global Covid-19 vaccination campaign, the largest in history, has seen great triumphs and tragic failures. This is the inside story of how the worldwide battle to end the pandemic took shape.
In 2021, Ford stopped making cars in India. With the market there being mostly dominated by two-wheelers, Ford lost approximately $2 billion in its India business.
From gothic cathedrals abandoned in the grip of ancient plagues, to ultra-modern skyscrapers perilously over-run with squatters, mankind’s skylines are dotted with bizarre unfinished structures.
Scientists are studying a new COVID-19 'variant of concern' called Omicron. The new COVID-19 strain was first identified in South Africa.
Some countries in Europe are finding vaccinations aren't enough, as Covid cases surge.
There once was a time when getting through airport security was quick and easy. But after the attacks on 9/11, the TSA was created and security screenings became much more thorough.
With inflation at a 30-year high and turkey prices rising, Thanksgiving dinner in 2021 might end up being one of the priciest holiday meals on record.
Leading voices from the cryptocurrency industry, and Financial Times reporters tell the story of how the cryptocurrency industry ballooned into into a market worth more than $2 trillion.
Passenger airlines are a crucial industry in the global economy, but the sector is also extremely volatile. Running a passenger airline is an asset-intensive industry with narrow profit margins.
Many are calling decentralized finance, or DeFi, the “Wild West of finance.” This fast-growing industry aims to provide automated banking services for cryptocurrencies to everyone, with no middle men.
As companies begin to staff up for the holiday season, they face one of the tightest labor markets in decades. To attract employees, some companies like UPS are offering sign-on bonuses.
For decades, Intel was the leading maker of the world’s most advanced chips. Now Intel has fallen behind.
Although India has lagged behind China since both countries opened up to the world in the 1980s, the Indian government is now taking steps to finally challenge its biggest economic competitor.
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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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