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☆ In forgotten parts of Singapore's iconic Orchard Road shopping street, a new era is taking shape
▼ + stars: | 2024-11-22 | by ( Kevin Lim | ) www.cnbc.com time to read: +6 min

The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.

Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL

☆ 'Absurdly cheap': Bottom-up investor names Japan sectors — and stocks — to invest in right now
▼ + stars: | 2024-10-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Japanese markets have made steady gains so far this week — and one bottom-up investor sees potential for them to advance even further. "When we look at the valuations of a lot of companies, they look absurdly cheap," he added. Department stores Among the segments Kato is looking at favorably in Japan is department stores. His optimism on department stores is an interesting one, given that many have "not expanded for about 30 years." So overall, department stores look quite interesting," he added.

Persons: Mio Kato, Kato, Shigeru Ishiba's Organizations: LightStream Research, CNBC Pro, Nikkei, Tokyo Stock Exchange, Department, Holdings, U.S, Toyota Motor, Nissan, Honda, Toyota Locations: Japan, Southeast Asia, China, U.S

☆ Venice vows to increase its daytripper tax and plans a two-tier entry system
▼ + stars: | 2024-10-25 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

Venice, Italy CNN —It caused ripples of confusion among tourists and anger among locals, but the Venice entry fee for day-trippers is here to stay. The fee structure will be changed, as well – from a flat 5 euro ($5.40) in 2024 to a two-tier system. Visitors who pay the fee more than four days ahead of their visit will pay the 5 euro fee. The council has not said how it plans to enforce tourists using the bags assigned to them, however. Landlords have 120 days to register their properties after the date on which the city council approves the plans, assuming that it does.

Persons: ”, Luigi Brugnaro, Andrea Merola, Brugnaro Organizations: Italy CNN, Visitors, Piazzale Roma, Bloomberg, Getty Locations: Venice, Italy, Murano, Mestre, “ Venice, Europe, Airbnb, New York, Paris, Barcelona, Berlin

☆ A murderous ghost haunted an exclusive Jamaican resort for centuries. But could she survive a paranormal investigation?
▼ + stars: | 2024-08-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +15 min

Tucked between the towering Blue Mountains and azure Caribbean Sea, the White Witch Golf Course is 6,758 yards of green serenity in one of Jamaica's bubbliest resort towns. Rose Hall Developments Rose Hall Great House is the jewel in the estate's crown, a plantation mansion that had fallen into ruin before American businessman John Rollins purchased the 7,000-acre plot in the 1960s and restored the building to its colonial-era opulence. Rose Hall DevelopmentsAnnie supposedly murdered her husband to assume ownership of Rose Hall, which she went on to run with an iron fist. You can’t miss it.”Palmer's ghost is said to roam the fairways of the White Witch golf course on horseback. The White Witch course – which had cost some $8.5 million to build – was forced into contingency planning, but rebounded over the subsequent decade.

Persons: Johnny Cash, Rose, Annie Palmer, ”, Cash, Cinnamon, ” Cash, Rose Hall, White, John Rollins, Rollins, Edward Burke, Anna Nordqvist, Kevin C, Cox, Usain Bolt, James Bond superfans, Roger Moore, Bond, Baron Samedi, Keith Stein, Stein, it's, Palmer, Baron, James Bond, Annie Mary Paterson, Paterson, John Palmer, Hall, Hall Developments Annie, ” Stein, Takoo, Playtime, “, Benjamin Radford, Radford, Rose Hall’s, ” Radford, can’t, –, Waddell, James Castello, Herbert G, Geoffrey S, Yates, Rosa Palmer, Kelly, née Paterson, ” Palmer, “ She’s, “ it’s Organizations: CNN, Rose Hall Great House, Rose Hall, Rose, Rose Hall Developments Rose, Great, Jamaica LPGA, White Witch, Hall Developments, Inquirer, Jamaica Archives Locations: Caribbean, Montego Bay, American, Swedish, Toronto, Montego, Haiti, British, ”, Jamaica, Delaware, Palmyra, Bonavista, Jamaican, “, Inverness

☆ Most luxury companies are struggling in China — except one
▼ + stars: | 2024-07-26 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

Read previewAs Chinese buyers eschewed local stores and poured into Japan this year in search of luxury bargains, one high-end powerhouse was an outlier. AdvertisementThe company's success in China comes as many of Hermès' industry peers saw China and Asia revenue sales tank from softening consumer demand. But most of Hermès' sales this year in China and Japan were largely from local customers, said Dumas. "Not very many foreigners buy Hermès in Japan, and the Chinese tend to buy in China." The luxury company reported overall sales revenue for the first half of the year of 7.5 billion euros, an increase of 12% compared to the same period in 2023.

Persons: —, Hèrmes, Hérmes, Axel Dumas, Burberry, Hermès, Dumas, Hermes Organizations: Service, Business, Hermès, Bloomberg Locations: Japan, Asia, China, Paris, Pacific, Europe, France

☆ Soaring fast food prices encourage Big Mac junkies to cook at home
▼ + stars: | 2024-06-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Read previewAs fast-food prices continue to soar, Americans are looking for ways to get more bang for their buck. Like fast-food prices, grocery prices soared during the pandemic. But grocery prices are now largely back to pre-pandemic levels, while inflation at limited-service restaurants still remains elevated. When fast-food prices rise at a faster rate than grocery prices, consumers notice. He attributed this to the price increases at fast-food chains.

Persons: —, Chad Frye, Frye, Thomas Valentine, Jordan Sanchez, he's, Lawrence Milford's, Laxman Narasimhan, McDonald's, Danilo Gargiulo, Bernstein, John Furner, footfall —, Michael Siluk, Martin Jennings, Jennings, Brooks Ferrante, Ben Heyworth, it's Organizations: Service, Business, Walmart, Getty Locations: California, Arizona, Florida, Puerto Rican

☆ Dyson spheres: Could alien megastructures exist in the Milky Way? Scientists found 7 places to look
▼ + stars: | 2024-06-13 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

Now, a new study that looked at 5 million stars in the Milky Way galaxy suggests that seven candidates could potentially be hosting Dyson spheres — a finding that’s attracting scrutiny and alternate theories. If Dyson spheres really exist, what could they be used for? “Freeman Dyson said that we should dismantle Jupiter — the whole planet (for the raw materials).”That supercolossal scale probably means that Dyson spheres, if they exist at all, are very rare. “However, contamination by circumstellar debris disks, which mimic Dyson Sphere infrared signatures, remains a concern,” he added in an email. However, he added, the radiation fingerprint of the seven Dyson sphere candidates might be explained by natural phenomena as well.

Persons: Freeman Dyson, ”, Dyson, Olaf Stapledon’s, George Dyson, ’, Freeman J, couldn’t, Matías Suazo, Suazo, “, Webb, that’s, Gabriella Contardo, NASA’s James Webb, ” Suazo, “ Freeman Dyson, Jason Wright, James Webb, —, Leslie Surginer, ” George Dyson, Tomotsugu Goto, Zaza Osmanov, ” Osmanov, George Organizations: CNN, Institute of, “, ‘, AP, Dyson, SETI Institute, Fermi, Accelerator Laboratory, Fermilab, Royal Astronomical Society, Uppsala University, NASA, Survey, JPL, ESA, European Space Agency, Micron, Sky Survey, University of Massachusetts, Jet Propulsion Laboratory, International School, Studies, Telescope, Penn State University, James Webb Space Telescope, William Press, Computer Science, University of Texas, Tsing Hua, SETI, of Physics, Free University of Tbilisi Locations: British, Princeton , New Jersey, Sweden, Trieste, Italy, Austin, Tsing Hua University, Taiwan, Georgia

☆ We finally have some evidence that California's new $20 fast food wage is hurting business
▼ + stars: | 2024-06-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Restaurants raised prices to offset the new wageCalifornia raised its minimum wage for workers at limited-service restaurants to $20 an hour on April 1. To offset their higher labor costs, restaurants have raised prices, turned to technology and automation like order kiosks, and considered reducing their opening hours. In-N-Out told KTVU that it had raised prices "incrementally" on April 1. Californian residents are divided: Some acknowledge that fast food is a tough gig and support the new minimum wage, while others say it will push prices up too much.

Persons: —, Burger King, Hottovy, Jack Organizations: Service, Golden State, Business Locations: Burger, California, Golden, Placer.ai, McDonald's

☆ Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
▼ + stars: | 2024-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.

Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins

☆ Dubai Mall set for $408 million expansion
▼ + stars: | 2024-06-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +2 min

CNN —Editor’s Note: This CNN series is, or was, sponsored by the country it highlights. United Arab Emirates real estate developer Emaar Properties announced Monday plans for a 1.5 billion dirham ($408 million) expansion of Dubai Mall. The 12-million-square-foot mall is already the largest shopping center in the world by total area, and the expansion will add a further 240 luxury stores, along with new food outlets. Emaar PropertiesLast year, Dubai welcomed a record number of tourists, and the mall says it received 105 million visitors last year, up 19% from 2022. Government initiatives including the Dubai Shopping Festival — launched in 1996 — have given the emirate a reputation for offering a premium shopping experience across dozens of malls.

Persons: Mohamed Alabbar, Majid Al Futtaim Organizations: CNN, United, United Arab Emirates, Emaar Locations: United Arab, Dubai Mall, Dubai, Burj, footfall, Emaar

☆ Pakistan: Temperatures cross 125°F as heat wave hits Sindh
▼ + stars: | 2024-05-28 | by ( ) edition.cnn.com time to read: +3 min

CNN —Temperatures rose above 52 degrees Celsius (125.6 degrees Fahrenheit) in Pakistan’s southern province of Sindh, the highest reading of the summer and close to the country’s record high amid an ongoing heat wave, the met office said on Monday. Extreme temperatures throughout Asia over the past month were made worse most likely as a result of human-driven climate change, a team of international scientists have said. The reading is the highest of the summer so far, and approached the town’s and country’s record highs of 53.5 C (128.3 F) and 54 C (129.2 F) respectively. But with the current heat wave, shops are seeing almost no footfall. The highest temperature recorded in Pakistan was in 2017 when temperatures rose to 54 C (129.2 F) in the city of Turbat, located in the Southwestern province of Balochistan.

Persons: Daro, Shahid Abbas, Rizwan Tabassum, ” Wajid Ali, ”, Abdul Khaliq, Khaliq, Mushtaq Ahmed, Khursheed Alam, Sardar Sarfaraz Organizations: CNN, Pakistan Meteorological Department, Reuters, Getty Locations: Pakistan’s, Sindh, Asia, Karachi, AFP, “, Pakistan, Turbat, Southwestern, Balochistan, Mohenjo Daro, Karachi — Pakistan’s

☆ British retail sales plunge 2.3% in April, missing estimates
▼ + stars: | 2024-05-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

People walk in the rain over the London Bridge in central London on March 12, 2024. Lucy North - Pa Images | Pa Images | Getty ImagesLONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday. "Sales volumes fell across most sectors, with clothing retailers, sports equipment, games and toys stores, and furniture stores doing badly as poor weather reduced footfall," the ONS said. Sales were up 0.7% across the three months to April compared to the previous three months following a weak December and holiday season, but were down 0.8% year on year. watch nowKris Hamer, director of insight at the British Retail Consortium, pointed to bright spots in the data in cosmetics and computer sales.

Persons: Lucy North, Kris Hamer, Hamer, GfK Organizations: National Statistics, Reuters, British Retail Consortium, Bank of England's Locations: London

☆ Red Lobster just filed for bankruptcy — but it's not going to disappear
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Read previewRed Lobster has filed for Chapter 11 bankruptcy, the seafood restaurant chain announced in a statement on Sunday. However, Red Lobster added its remaining restaurants will "remain open and operating as usual during the Chapter 11 process." Filing for Chapter 11 bankruptcy allows a company to stay in business while it restructures its assets. The firm said it had received a $100 million debtor-in-possession agreement from its existing lenders, which will now take control of Red Lobster. Advertisement"This restructuring is the best path forward for Red Lobster," Tibus said.

Persons: —, Jonathan Tibus, Tibus, we've Organizations: Service, Business, Thai Union Group

☆ Goldman Sachs just updated its list of top global stocks, recommending a specific trading strategy
▼ + stars: | 2024-04-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its conviction list of top picks in Europe and recommended investors consider a specific trading strategy given uncertainty over how much further markets can rise. However, Goldman Sachs' analysts noted that investors are "questioning how much upside is left." For those looking for stock ideas, here are two of the latest additions to Goldman Sachs' European conviction list: Unibail-Rodamco-Westfield Goldman analyst Jonathan Kownator struck a bullish tone on French commercial real estate giant Unibail-Rodamco-Westfield . Goldman Sachs has a 12-month price target of 107 euros ($115.97) on the stock, giving it potential upside of around 46.8%. "The European football championships in Germany should provide an additional boost with JCD commanding c.35% market share and its presence in Street Furniture in major cities."

Persons: Goldman Sachs, Westfield Goldman, Jonathan Kownator, Kownator, Lisa Yang, JCD, Yang, Goldman, — CNBC's Michael Bloom Organizations: Westfield, UEFA, Paris Olympics, European Locations: Europe, Westfield, France, Spain, Germany, United Kingdom, United States, Paris, China

☆ Here's what might happen after California raises fast-food wages to $20, from higher burger and pizza prices to better wages for retail workers
▼ + stars: | 2024-03-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

AdvertisementBurgers, tacos, and pizzas will get more expensiveDiners should expect to pay more as fast-food restaurants put menu prices up to offset higher wages. But restaurants already paying workers higher wages will feel less of an impact from the new legislation. Jon Tower, an analyst at Citi, said the higher prices could be hard for some diners to accept. However, higher wages at McDonald's, Subway, and Burger King will likely prompt other employers to offer higher pay so they can compete for labor. AdvertisementPeople will have more money to dine outAs fast-food workers' wages increase, they'll actually have more disposable income to spend dining out.

Persons: —, Gavin Newsom, It's, Jack, Sharon Zackfia, William Blair, Andy Barish, Sara Senatore, Chris Kempczinski, they're, Jon Tower, Barish, Zackfia, Burger, Danilo Gargiulo, Bernstein, Matt Clark Organizations: Service, Golden State, Gov, Jefferies, Bank of America, Citi, Bureau of Labor Statistics Locations: California, McDonald's

☆ California's $20 minimum wage for fast-food workers could make burgers and chicken so expensive that people just buy more groceries instead
▼ + stars: | 2024-02-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Some diners could be put off eating out when fast-food prices in California go up in the spring. The state is raising the minimum wage for fast-food workers to $20 an hour, prompting restaurants to hike menu prices. California is putting up the minimum wage for fast-food workers to $20 an hour on April 1 — and it could make restaurant prices so unpalatable that people buy more groceries to cook at home instead. The state's current general minimum wage is $16 an hour, compared to the federal minimum wage of $7.25 . But the new statewide legislation, AB 1228, will only create a $20 minimum wage for fast-food workers.

Persons: Jon Tower, Jack, Darin Harris, Jonathan Knowles, –, Harris, Matt Clark, Clark Organizations: Citi, Bureau of Labor Statistics Locations: California

☆ Religious trips will fuel India’s tourism boom — airlines are gearing up with record aircraft orders
▼ + stars: | 2024-01-26 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

India's tourism sector is set for a boom as more travelers take trips around the country for religious purposes. "Religious tourism is still the biggest segment of tourism in India … the creation of a new religious tourist centre (Ayodhya) with improved connectivity and infrastructure can create a meaningfully large economic impact," Jefferies highlighted. Indian media reported that around half a million people visited the Ram temple on its opening day which was inaugurated by Prime Minister Narendra Modi. The YouTube broadcast of the opening ceremony on Modi's channel alone received more than 11 million views. If it continues develop tourist destination including religious tourism, chances are that more and more people will come to visit India and it will even benefit on the foreign exchange side," said Nilesh Shah, managing director at Kotak Mahindra Asset Management.

Persons: Jefferies, —, Narendra Modi, Nilesh Shah Organizations: YouTube, Mahindra Asset Management Locations: Ayodhya, India, Rome's Vatican, Mecca, Saudi Arabia, Tirupati, Andhra Pradesh, Temple, Jammu, Kashmir

☆ Temple Tourism Set to Soar Under India's Modi
▼ + stars: | 2024-01-22 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

In comparison, about 9 million people visit Vatican City in a year and about 20 million Mecca. Since Modi inaugurated the Hindu pilgrimage site of Kashi Vishwanath Corridor on the banks of the Ganges in 2021 in his constituency of Varanasi, more than 130 million tourists have visited the area, according to government data. With nearly $200 billion in revenue, tourism contributes about 7% of India's economy, which is below most large emerging and developed economies by up to 5 percentage points. The new temple and renovations of many others are likely to greatly boost the electoral prospects of the Hindu nationalist party of Modi, who is widely expected to win a rare third straight term in general elections due by May. Muslims account for about 14% of India's population of 1.42 billion, most of them Hindus.

Persons: Krishna, Narendra Modi, Modi, Lord Ram, Monday's, Modi's, Sandeep Shastri, Krishn Kaushik, Ed Osmond Organizations: Das NEW, Indian, Monday, Jefferies, Analysts, Modi's Bharatiya Janata Party, BJP, Ministry Locations: Das NEW DELHI, Ayodhya, Vatican, Kashi Vishwanath, Varanasi, India's, Uttar Pradesh, New Delhi

☆ The new architecture set to shape the world in 2024
▼ + stars: | 2024-01-10 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Kéré’s Berlin-based firm says the building’s top-heavy appearance was inspired by the palaver tree, which traditionally served as a meeting place. Designed for developer s2e Technologies by US architecture firm Gensler, the four circular residential structures can accommodate a combined 84 households. But it is perhaps Bjarke Ingels, founder of Danish design firm BIG, that has had the greatest impact on the city’s once modest skyline. The first restored sections are set to be ready in time for this summer’s Paris Olympics. Norwegian architecture firm Snøhetta and local practice Blight Rayner — who together beat more than 20 entries in an international competition — say that the design was inspired by the flow of the Brisbane River.

Persons: David Chipperfield, Francis Kéré, Kéré, China Stefano Boeri, Bosco, Stefano Boeri, Mestres Wåge, Nicolai Tangen, NBBJ, Dror, EPIQ, Ecuador Uribe Schwarzkopf, Bjarke, Moshe Safdie, Jean Nouvel, Ma Yansong, Ingels, France Chatillon Architectes, Notre Dame isn’t, Chatillon, Nikken Sekkei, ”, “, Blight Rayner —, Aunty Lilla Watson Organizations: CNN, superlatives, Malaysia’s, Benin National Assembly, Forest, Kunstsilo, Keppel South, Enclave, s2e Technologies, Bjarke Ingels, BIG, UNESCO, Heritage, Notre Dame, Palais, Beaux -, Chatillon Architects, UAE Kerzner, United, “ Michelin, New York Times, Gang, Queensland Performing Arts Centre, Queensland Performing Arts Locations: India, Benin, Porto, Novo, Burkina Faso, Kéré’s Berlin, Nanjing, China, Milan, Italy, Europe, China’s, Kristiansand, Norway, Norwegian, Keppel, Keppel South Central, Singapore, London, Canada, London , Ontario, Quito, Ecuador, Bjarke Ingels Quito, Parque La Carolina, Paris, France, Dubai, UAE, United Arab Emirates, Hotel, Denver, USA, Denver , Colorado, Urban, Brisbane, Australia, Australian

☆ Singapore's 'ice cream uncles' are disappearing. Blame old age and bureaucracy.
▼ + stars: | 2023-12-24 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.

Persons: hawking, —, Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard

☆ China’s youths throng bargain basements as economy bites: ‘The first floor is too expensive’
▼ + stars: | 2023-12-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesMin Li doesn't go to the mall often. The name of the game for Chinese youth in 2024 is trading down. Anything not in the basement floors is considered to be "in heaven," signaling it's out of reach. Citizens shopping for Mid-Autumn Festival gifts at a shopping mall in Yantai, East China's Shandong province, Sept 25, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images"The name of the game for Chinese youth in 2024 is trading down.

Persons: Min Li doesn't, Gucci, Chanel, Louis Vuitton, She's, Shaun Rein, Rein, Jia Miao, Jia, Chung Chi, Miao Organizations: Future Publishing, Getty, Apple, China Market Research Group, Starbucks, China Market Research, Weibo, Citizens, Publishing, New York University Shanghai, MyCOS Research, NYU Shanghai, Hong Kong Polytechnic University, McKinsey, China's, China News Service Locations: Yantai, East China's Shandong province, Weibo, East China's Shandong, Covid, NYU Shanghai China, Shanghai, Guangzhou

☆ 4 tech leaders on where 5G is taking their industries next
▼ + stars: | 2023-12-05 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

But the potential of 5G technology could be enormous and a major boon to businesses, tech leaders told Business Insider. She added that nearly 20 countries around the globe still lacked 4G connectivity but could be brought up to date using 5G. "5G, and specifically private 5G, is acting as a catalyst that is driving customers toward change," he said. "Currently, the site showcases IoT connectivity, edge analytics, and predictive analytics to drive sustainability and energy efficiency on a private 5G network," Sandhu said. Alongside Schneider Electric, NTT has customers including Frankfurt Airport (Europe's largest private 5G network) and the city of Las Vegas (the largest private 5G network in the US) signing up to develop private 5G and edge-computing capabilities.

Persons: Marga Hoek, Hoek, Matt Cranfield, Andy Lindsell, Lindsell, Parm Sandhu, NTT Ltd . Sandhu, Sandhu Organizations: Accenture, Business, Tech, Cranfield, NTT Ltd, NTT Ltd ., 5G, Schneider Electric, NTT, Frankfurt Locations: Marga Hoek Hoek, Lexington , Kentucky, Las Vegas

☆ Retailers hope to draw picky Black Friday shoppers to stores
▼ + stars: | 2023-11-24 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

Originally known for crowds lining up at big-box stores in the U.S., Black Friday has moved online and gone global. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. On average, shoppers in France expected to spend 295 euros ($322) on Black Friday, the survey found. Most U.S. stores were closed on Thanksgiving but opened to shoppers at 5 a.m. or 6 a.m. on Friday. In post-earnings calls this week, retailers from Kohl's (KSS.N) to Nordstrom (JWN.N) told investors they had invested in jackets, cashmere sweaters and Ugg boots to lure Christmas shoppers after an unseasonably warm October.

Persons: Shannon Stapleton, Jessica Ramirez, Jane Hali, Jeff Gennette, Mari Shor, Bergdorf Goodman, Nordstrom, Oscar de, ” Nordstrom, Pete Nordstrom, Katie Wyle, Katherine Masters, Mimosa Spencer, Helen Reid, James Davey, Josie Kao, Miral Fahmy, Frances Kerry Organizations: Black, REUTERS, Retailers, Associates, National Retail Federation, Insider Intelligence, Barclays, Macy's, The New York Police, Nordstrom, Walmart, Columbia Threadneedle Investments, Westfield, Thomson Locations: Westbury , New York, U.S, Europe, France, Italy, Spain, Amazon, Israel, New York City, Kohl's, Mall, Britain, Westfield, Paris, London

☆ Venice reveals first 2024 dates for charging day-trippers
▼ + stars: | 2023-11-23 | by ( Julia Buckley | ) edition.cnn.com time to read: +6 min

The first set of dates on which the fee will be charged cover April to mid July, 2024. The program will be managed via an online platform which will produce QR code “tickets” confirming payment or exemption. Those visiting the city on business or short-term study are also exempt, but must register for a daily QR code. However, they too must book and receive a QR code for free. Not a magic money treeThe council has identified 29 peak days in the first half of 2024 to charge day-trippers.

Persons: we’ll, Stanley Tucci, you’re, It’ll, Luca Zanon, Riva degli Schiavoni, Where’s, Stefano Mazzola, Luigi Brugnaro, Brugnaro, ” Organizations: CNN, intel, UNESCO, “, Piazzale Roma, Old, city’s Locations: Venice, Mestre, Murano, City

☆ Fewer shoppers in Burberry stores complicates design overhaul
▼ + stars: | 2023-11-17 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

With fewer shoppers heading to Burberry stores, clinching a sale will be key. The label has filled its stores with new styles across a wider price range, including a renewed emphasis on its staple outerwear. At Burberry he has applied colourful dandelion prints to garments and rolled out advertising campaigns with fuzzy ducklings. "We like what Burberry is doing with product and range architecture, however, the timing is not ideal," said analysts at RBC. Burberry Chief Financial Officer Kate Ferry said the company was "absolutely committed to protecting all of the consumer-facing areas".

Persons: Daniel Lee's, Jonathan Akeroyd, Akeroyd, Riccardo Tisci, Lee, Tisci, Marco Gobbetti, Kering, LVMH, Louis Vuitton's womenswear, Nicolas Ghesquiere, Kate Ferry, Mimosa Spencer, Paul Sandle, Kirsten Donovan Organizations: Burberry, Shoppers, JPMorgan, Bond, Bottega, RBC, Gucci, Citi, Thomson Locations: United States, Europe, China, Los Angeles, Dallas, Houston, Omotesando, Tokyo, London

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