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☆ Inside the world of South Korean convenience stores — the global king of one-stop shops
▼ + stars: | 2024-07-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

In large South Korean cities like Seoul, convenience stores are on every corner, sometimes with multiple outlets from competing companies dotting the same street. Heo Ran/ReutersThere are a few things that set South Korean convenience stores apart. A quick search on YouTube, TikTok or Instagram shows an endless supply of videos about Korean convenience stores. Indeed, Korean convenience store companies have grown so successful they are even expanding overseas. But when she next returns to South Korea, she will “definitely” still visit a convenience store and hit record, she said.

Persons: ”, Chang Woo, ” Chang, Heo Ran, Chang, – they’re, Jiny, “, Emart24 –, Maeng Organizations: South Korea CNN, Korea Convenience Store, South, Kwangwoon University, Deloitte Korea, McKinsey, Companies, Deloitte, YouTube Locations: Seoul, South Korea, Japan, Taiwan, “, United States, Korea, London, Australia, “ Korea, Sydney, Southeast Asia, Vietnam, Malaysia

☆ Elon Musk praises the first prime minister of Singapore as 'brilliant' in response to a glowing blog post about the country's airport
▼ + stars: | 2024-07-19 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said that Singapore's first prime minister, touted as the country's founding father, was a "brilliant" man. Mack wrote about Lee's efforts in conceiving Singapore's Changi Airport, which has been named the world's best airport 12 times by London-based research firm Skytrax. Singapore's award-winning Changi Airport. John Seaton Callahan/Getty ImagesBefore Singapore's Changi Airport became operational in 1981, the island state had a small commercial airport located inland on the east side of Singapore, called Paya Lebar Airport. The country's largest public universities, National University of Singapore and Nanyang Technological University, ranked 8th and 15th, respectively, in the 2025 QS top universities rankings.

Persons: —, Elon Musk, George Mack, Lee Kuan, Mack, d1C60XIvNA — Elon, Musk, Lee, Singapore's, John Seaton Callahan, Skytrax, Martin Puddy, Liu Thai Ker, Jon Hicks, it's Organizations: Service, SpaceX, Business, Changi, Changi Airport, Singapore's Changi, Airport, Changi Airport's, Business Times, The New York Times, Financial, Singapore Crowds, Getty, National University of Singapore, Nanyang Technological University, QS, Cornell, Princeton, Yale Locations: London, Singapore, Paya, Changi, Southeast Asia, Malaysia, Asia, Hong Kong, Singapore's Orchard

☆ Futuristic designs unveiled for ‘world’s greenest highway’
▼ + stars: | 2024-07-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +10 min

Not content with Dubai having the tallest building, the deepest pool or the highest hotel, urban design firm URB hopes to add one more superlative feather to the city’s cap: the world’s “greenest” highway. The green highway, pictured in this render, would also include a network of footpaths and green community spaces. URB‘A unique set of challenges’Creating the world’s “greenest” highway in a desert city isn’t easy, though. Pictured in this rendering, designs for the Nexgen Sustainable City, which URB has designed for Cairo. URB A Dubai developer is creating green designs for the city Prev NextAn urban utopiaThis isn’t URB’s first foray into utopian future city design.

Persons: URB, Sheikh Mohammed Bin Zayed, Baharash, ” Bagherian, ”, Baharash Bagherian, ’, Bagherian, — Organizations: CNN, Dubai, United Arab Emirates, European Union, “, Hub, Agri Locations: Dubai, ”, “ Dubai, URB “ Dubai, UAE, Hong Kong, URB, Yiti, Oman, Yas, Abu Dhabi, Cairo, City

☆ China probes companies for allegedly giving pregnancy tests to job seekers
▼ + stars: | 2024-07-17 | by ( Kathleen Magramo | Joyce Jiang | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —More than a dozen Chinese companies face legal action for allegedly asking job applicants to take pregnancy tests, state media has reported. Chinese law bans employers from administering pregnancy tests or discriminating against pregnant workers. In Nantong, authorities were tipped off by an online public litigation group, which said some employers in the city had given pregnancy tests to job seekers. Demographic crisisChina’s population has shrunk for two years in a row and its birth rate in 2023 was the lowest since the founding of the People’s Republic in 1949. Alarmed by the falling birth rate in recent years, the government scrapped the “one child” policy that was in place for 35 years.

Organizations: Hong Kong CNN, Prosecutors, Employers, CNN, Population Research Locations: China, Hong Kong, Nantong, Jiangsu, People’s Republic, India

☆ China gears up for next week's Third Plenum meeting. Here's why real estate isn't likely the main focus
▼ + stars: | 2024-07-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

Bloomberg | Bloomberg | Getty ImagesBEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing. "For real estate markets, I don't think it should be a focus of the plenum, because it's already [in a] state that everyone has a consensus [on]," Wang said. watch nowIn his view, excessive growth of the financial sector was behind the hollowing out of the U.S. industrial sector. "Consequently we must constrain the financial industry, including real estate. That's the underlying reason for tightened regulations on both real estate and finance."

Persons: Larry Hu, Hu, Xi Jinping, Deng Xiaoping's, Dan Wang, She'll, it's, Wang, hasn't, Yao Yang, Yao, Goldman Sachs Organizations: Chinese Communist Party, Bloomberg, Getty, BEIJING, Communist Party of, Macquarie, CNBC, Central Committee, Communist Party, Party, President, Hang Seng Bank, HSBC, HSBC It's, Committee, China Center for Economic Research, Peking University, U.S, China Morning Post, Financial Regulatory Administration, World Bank, Big Data Locations: Communist Party of China, Beijing, China, United States, Big Data China

Supply and DemandThe case for housing deregulation starts with Econ 101: Allowing builders to significantly increase housing supply leads to much lower prices. It isn’t rising demand, as the U.S. population rose even faster back when housing prices were roughly stable. Standard of LivingWhat would happen if homebuilders could once again freely build until housing prices were driven back down to cost? The admittedly small number of studies on the link between YIMBY and babies support common sense: Less regulation lowers housing prices, and lower housing prices generally raise birth rates and hasten child-bearing. In a rational world, the panacea policy of housing deregulation would be a done deal.

Persons: Ben Denzer, Taylor, Wharton, homebuilders, Thomas Piketty’s, ”, Matthew Rognlie, Peter Ganong, Daniel Shoag, Anne Case, Angus Deaton Organizations: Republicans, Research, Area, Wharton, Francisco, Francisco Los Angeles New, Francisco Los Angeles New York Phoenix Denver Houston Dallas, Japan Japan France France Britain Britain, Japan Japan France France Britain Britain Canada, → Utah Nevada Arizona New, San, San Francisco New, Atlanta Houston Boston, Democrats, Republican Locations: Minnesota , Oregon, California, New York City, Houston, Dallas, Francisco Los, Francisco Los Angeles New York, Wharton, United States, Japan, France, Britain, Canada, U.S, Japan Japan France France, Japan Japan France France Britain Britain Canada Canada, Bay, Dodge, → California Nevada Florida New York Arkansas, → Utah Nevada Arizona, → Utah Nevada Arizona New York West Virginia, Washington, San Francisco, San Francisco New York Los Angeles Rochester, N.Y, Atlanta

☆ 10 states with America's worst infrastructure, and most to gain from billions in federal dollars
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +16 min

To evaluate each state's infrastructure, our Top States study considers not just roads, bridges, ports and airports. The state broadband office notes that it is the nation's ninth-largest allocation per capita. The state's power grid is among America's least reliable, according to U.S. Department of Energy data. The severe weather means power outages are frequent as well. Since then, the power outages have persisted, making Maine's grid among the worst in the nation.

Persons: Pete Buttigieg, Seth Martindale, Rusty, Dan Koeck, Doug Burgum, Biden, Mark Miller, Suzanne Kreiter, Jim Justice, Senators Joe Manchin, Shelley Moore Capito, Mississippi Brenda Gavin, Elnora Ross, Michael Democker, Robert Gauthier, We're, Lauren Owens Lambert, Logan —, stoplights, Brianna Soukup, Lance King Organizations: Companies, Business, CNBC, Infrastructure Law, Arkansas Turrell, Arkansas Broadband Office, Law, Arkansas Economic Development Corporation, North Dakota, Washington Post, Peace Garden State, U.S . Department of Energy, Power Company, Dakota Utilities, Montana Bison, Getty, Industrial, Rte, Boston Globe, Census, U.S . Department of Transportation, West Virginia, Gov, U.S, Senators, West Virginia Coal Association, Justice, Manchin, Virginia Economic, First Street Foundation, Hawaii, Los Angeles Times, Afp, Boston Regional Airport, Spirit Airlines, Orlando, Logan, JetBlue, White Mountain Cable, Portland Press, Portland Press Herald, Central Maine Power, Power, Energy Department, Maine Locations: States, Arkansas, Arkansas Turrell Arkansas, Turrell Arkansas, Underwood, Peace, North Dakota, Minnesota, Dakota, Buffalo, Yellowstone, Montana, Massachusetts, Canton, Bay State, Boston, Kanawha, Poca, West Virginia, Winfield, Putnam County, Mountain State, Virginia, Mississippi, Louin , Mississippi, Gulf, BroadbandNow, Lahaina , Hawaii, Maui, Lahaina, Western Maui, Hampshire, Hampton , New Hampshire, Manchester, New Hampshire, New England, Maine, Epsom , New Hampshire, Brighton, Woodford Street, Portland, Alaska, Dalton, Coldfoot , Alaska

☆ Mississippi and West Virginia have some of the poorest Americans — and the highest home ownership rates
▼ + stars: | 2024-07-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

When comparing personal wealth data with homeownership, a curious pattern emerges: Many states with high homeownership rates have lower income levels and vice versa. According to Federal Reserve data, West Virginia’s average personal income of $52,585 per capita is the second-lowest in the US. However, despite its relatively low personal income levels, it has the highest homeownership rate of all 50 states, at 77%, according to US census data. Mississippi—the only state with a lower average personal income than West Virginia—has the third-highest homeownership rate in the country. Even West Virginia, which counts three out of every four housing units in the state as owner-occupied, isn’t insulated, Sansalone said.

Persons: Vera Sansalone, Sansalone, “, ”, ” Sansalone, West Virginia —, Mike Simonsen, Loren Elliott, Simonsen, They’re, ” Simonsen, Laurie Goodman, ” Goodman, Eric Adams, ” Adams, Stephanie Moulton, ” Moulton, “ We’ve Organizations: CNN, Federal Reserve, West Virginia, Research, Housing, Center, Urban Institute, Republicans, New York City, Harvard University’s, for Housing Studies, Ohio State University Locations: West Virginia, Mannington, Boston, Mississippi, West, ” New York , California, Massachusetts, San Francisco , California, New York City, San Francisco, Manhattan, RentCafe, Washington DC, New York, Dallas

☆ The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items
▼ + stars: | 2024-07-09 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Chinese e-commerce giants try to lure in customers with attractive salesHistorically, e-commerce has accounted for a hefty chunk of China's retail spending. AdvertisementIn 2023, online retail sales nationwide reached $2.12 trillion, accounting for 27.6% of the total retail sales of consumer goods in the country, according to the National Bureau of Statistics. China's youth unemployment rate stood at 14.9% as of December, according to China's National Bureau of Statistics. And the average per capita income in China in the first quarter of 2024 was $905, according to the National Bureau of Statistics. Figures from the National Bureau of Statistics showed that new home prices in 70 major Chinese cities were down 0.7% from April.

Persons: —, they've, Alibaba, JD.com, Allison Malmsten, Yaling Jiang, they're, Jiang, Evergrande Organizations: Service, Business, CNBC, National Bureau of Statistics, Apple, Daxue Consulting, National Bureau, Statistics Locations: China

☆ Front-line NATO allies are facing an unconventional Russian threat short of war but still quite dangerous
▼ + stars: | 2024-06-22 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +6 min

"There are hybrid threats. NATO has also cautioned against intensifying Russian hybrid warfare in the region and in the rest of Europe that could include "disinformation, sabotage, acts of violence, cyber and electronic interference, and other hybrid operations." The murky nature of hybrid warfare can make it hard to identify and address potential threats. Yet, the Baltic countries are prioritizing hybrid threats and fortifying their institutions in response. And last week, writing alongside his Polish and Czech colleagues, Latvian President Edgars Rinkēvičs expressed "deep concern" over Russian hybrid threats.

Persons: —, Denmark –, Margus Tsahkna, Maria Zakharova, Ukraine Volodymyr Zelenskyi, Gitanas Nausėda, Yan Dobronosov, Dmitry Petrov, Gabrielius Landsbergis, Landsbergis, –, Vladimir Putin, Mikhail Svetlov, Edgars Rinkēvičs Organizations: Service, West, NATO, EU, Business, Estonian, Russian Foreign Ministry, Getty, Kremlin, Lithuanian, Destabilization, 76th Guards Air Assault Division, Alliance Locations: Latvia, Lithuania, Estonia, Russia, Ukraine, Denmark, Kyiv, Moscow, Baltics, Belarus, Soviet Union, Russian, crosshairs, Europe, Baltic, Finland, Narva, Tallinn, Vilnius, Poland, Pskov, Crimea, Tellingly, Czech, Latvian

☆ Wyoming, Delaware, and Montana are the most entrepreneurial states of 2024 so far. It might be due to business-friendly taxes.
▼ + stars: | 2024-06-21 | by ( John Towfighi | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Delaware and Montana are second and third in new business openings per 100,000 residents since the start of 2024. AdvertisementThe boom in business translates to 283 new businesses per 100,000 residents in Wyoming, 153 in Delaware, and 106 in Montana. Wyoming also led the nation in new business applications per capita in 2023, according to the Chamber of Commerce. Business-friendly taxationWyoming, Delaware, and Montana are all particularly attractive to new business owners due to their tax laws. AdvertisementAre you a new small-business owner in Wyoming, Delaware, or Montana?

Persons: —, Louis Fed, LendingTree, Louis, EIG Organizations: Service, Business, Census, Chamber of Commerce, Fed, of Labor Statistics, Louis Fed, Tax Foundation, Washington D.C, Fortune, state's, Corporations, Economic Innovation Group Locations: Wyoming, Delaware, Montana, In Montana, New York City, San Francisco, South Dakota, Nevada, Washington, , Wyoming, West, Wyoming , Delaware

☆ A photographer spent years memorializing some 300 sites of fatal police shootings across America
▼ + stars: | 2024-06-15 | by ( Suyin Haynes | ) edition.cnn.com time to read: +10 min

110 of these images are published now in the monograph “My America;” quiet, monochromatic images of everyday sites like parking lots, rural roads and suburban sidewalks. Diana MatarMonique Deckard, 43, was shot and killed by police officers outside her apartment in Anaheim, California, on March 8, 2015. Two chairs on a sunny sidewalk in Los Angeles, California, indicate where 37-year-old Norma Guzman, 37, was shot and killed by police officers in 2015. Terence Crutcher, 40, was shot and killed by a police officer in Tulsa, Oklahoma on September 16, 2016. Diana MatarClemente Najera, 38, was shot and killed by a sheriff's officer in Elsinore, California, on April 15, 2016.

Persons: Diana Matar, —, ” Matar, “ Timewise, ”, Matar, Saycon, Diana Matar Charles Pettit Jr, Diana Matar Monique Deckard, Terence Crutcher, Jose Cruz, Norma Guzman, ” Norma Guzman, Guzman, Diana Matar Rodney Turner, Diana Matar Ian King, “, Eric Garner, Michael Brown, Tamir Rice, Walter Scott, — Matar, Diana Matar Clemente Najera, Diana Matar Jose Rodriguez, Diana Matar “ Organizations: CNN, The Guardian, Los Angeles City Council, Columbia University’s Barnard College Locations: California, Texas, Oklahoma, New Mexico, Long Beach , California, Midwest City , Oklahoma, Anaheim , California, Tulsa , Oklahoma, Addison , Texas, Los Angeles , California, Oklahoma City , Oklahoma, Ponca City , Oklahoma, New York City, Libya, North Africa, Italy, Ukraine, Ferguson , Missouri, Cleveland , Ohio, Charleston , South Carolina, America, Elsinore , California, Albuquerque , New Mexico, “

☆ Hong Kong wants residents to smile more but experts warn prices and competition are bigger issues for tourism
▼ + stars: | 2024-06-14 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Guests posing for a group photo at the "Let's Go the Extra Mile" hospitality campaign launch ceremony at the Central Government Office in Hong Kong on June 3, 2024. In response, the Hong Kong government launched a campaign – titled "Let's Go the Extra Mile" – encouraging frontline staff and members of the public to demonstrate good hospitality and "reinforce Hong Kong's brand as the best tourism destination." Hong Kong's currency is pegged to the U.S. dollar, which has helped the city's status as an international financial center. "Both have become equal problems for Hong Kong," he said. While the city's borders were closed during the pandemic, nearby Shenzhen continued to develop into a top-tier Chinese city, Lee said.

Persons: Long, John Lee, Hong Kongers, Allan Zeman, Lan, Kwai, Zeman, mainlanders, Simon Lee Siu, Lee Organizations: Central Government Office, Nurphoto, Getty, Hong, Lan Kwai Fong Group, U.S ., U.S, Sports, Tourism Bureau, HK, Pacific Institute of Business, Chinese University of Hong, Shenzhen Locations: Hong Kong, Shenzhen, Hong, Japan, Asia, Chinese University of Hong Kong

☆ Jeff Bezos has a vision to colonize space with a trillion people. We asked experts to put it to the test.
▼ + stars: | 2024-06-13 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +8 min

Jeff Bezos's space colonies would look like cylindersAn artist's concept of an O'Neill space colony, which could theoretically emulate Earth-like living conditions in space. O'Neill space colonies would be large enough to host entire cities, 10,000-foot-tall mountains, and millions of people. AdvertisementBezos isn't suggesting that people will be living in O'Neill space colonies by the end of the century. AdvertisementSaving Earth would be far easier than building Bezos' space colonies, he told BI. Even if we never make it to space colonies, the work of researchers studying extraterrestrial colonization could benefit us here on Earth.

Persons: —, Jeff Bezos, podcaster Lex Fridman, Bezos, Fridman, astrobiologists —, Jeff Bezos's, O'Neill, Gerard K, Anthony Longman, Longman, Rebeca Gonçalves, Adam Watkins, we've, Watkins, you've, We've, Martin Rees, Gonçalves, Rees Organizations: Service, Business, Elon, SpaceX, European Space Agency, NASA, University of Nottingham, United, Royal Locations: Antonio , TX, O'Neill

☆ Jamaal Bowman's brawl with his primary challenger just got even nastier
▼ + stars: | 2024-06-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewRep. Jamaal Bowman of New York is in the fight of his political life against Westchester County Executive George Latimer ahead of the June 25 primary. "When you get as much money as you get from outside the district, your constituency is Dearborn, Michigan. This was the point during the LWV debate where George Latimer said to Jamaal Bowman: "Your constituency is Dearborn, Michigan, your constituency is San Francisco, California." It's true that most of Bowman's $2.7 million fundraising haul this cycle has come from outside of New York. But Latimer's financial support is also more local — roughly 70% of his direct contributions come from New York, while less than 30% of Bowman's come from the state.

Persons: —, Jamaal Bowman, George Latimer, Latimer, It's, Harrison, it's, U4ta4bcBhG — bryan metzger, @metzgov, Bowman, Jasmine Gripper, Joe Biden, Rashida Tlaib Organizations: Service, Westchester County, League of Women Voters, Business, Progressives, York, Party Co, Capitol, Federal, Commission, Israel, AIPAC Locations: New York, Dearborn , Michigan, Westchester County, San Francisco , California, Tuckahoe, it's, Scarsdale, Francisco , California, Michigan, Gaza, Israel, Dearborn, Dearborn Heights, Bronx, Westchester

☆ Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive
▼ + stars: | 2024-06-06 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +13 min

— When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Craft cocktails, hipster coffee shops and chef-driven restaurants have popped up around the city. Realtor Kristen Boozman, who works for Sotheby's, helps clients search for homes in the Bentonville area, including many buyers who are relocating from another city. Home values have shot up in the Bentonville area. A Walmart spokeswoman said the Walton Family Foundation funds and advocates for affordable housing projects in the Bentonville area.

Persons: Gil Curren's, it's, Sue, Gil Curren, Melissa Repko, Hunt, Tyson, Shawn Baldwin, Sam Walton, Walton, Walton's, Steuart, Tom Walton, Sam Walton's, Alice Walton, Bridges, She's, Crystal Bridges, Kristen Boozman, There's, Donna Morris, Morris, Tracy Robinson, she's, CNBC Tracy Robinson, Robinson, Stanley, Matthew Cooper, Tom, Cooper, he's, district's, It's, Jeff Webster, Bentonville Shawn Baldwin Organizations: Cyclists, Kansas City, CNBC, Walmart, Craft, Fortune, Tyson Foods, PepsiCo, Hershey, Mattel, . Census, Cushman &, Sage Partners, of Commerce, Northwest Arkansas Council, D.C, Ropeswing Hospitality, Bentonville Schools, Excellerate Foundation, Walton Family Foundation, Walton Family, Bentonville Locations: BENTONVILLE, Ark, Walmart's, Bentonville , Arkansas, Bentonville, Kansas, Austin , Texas, New York, U.S, Silicon, It's, Arkansas, Cushman & Wakefield, American, Crystal, Austin, Boise , Idaho, Dallas, Fort Worth, Atlanta, Toronto, New York City, Miami, Washington, New York City , Washington, Bentonville's

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Walmart turned Bentonville, Arkansas into a boomtownWalmart's hometown of Bentonville, Arkansas has become a boomtown with many amenities you might expect to find in New York or San Francisco – fancy restaurants, craft cocktails, bike paths and a world-class art museum. The town has more cranes per capita than any other U.S. city as Walmart builds a 350-acre new headquarters. Bentonville's population is expected to triple by 2050. But with the boom comes big-city economic challenges. CNBC's Melissa Repko travels to Bentonville for the story.

Persons: CNBC's Melissa Repko Organizations: Walmart Locations: Bentonville , Arkansas, New York, Francisco, Bentonville

☆ Indian Prime Minister Narendra Modi's election shortfall leaves Wall Street scrambling
▼ + stars: | 2024-06-05 | by ( Seema Mody | ) www.cnbc.com time to read: +5 min

Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Over the past several years, chief executives from some of the biggest companies in the United States have invested time and money into relationships with Modi, as they set their sights on the Indian market. Modi's economic agendaModi's failure to secure a supermajority for his party also raises new questions about the Modi government's broader economic agenda. Now, one of the labor laws that Modi's government had intended to reform may not get implemented, because Modi's party, the Bharatiya Janata Party, or BJP, no longer holds an outright majority in Parliament. Supporters of the ruling Bharatiya Janta Party (BJP) holding cut-outs of India's Prime Minister a Narendra Modi during an election campaign rally in Amritsar on May 30, 2024.

Persons: Narendra Modi, Adnan Abidi, Garre, Modi, Pramit Chaudhuri, Rahul Sharma, Shafer Cullen, Sharma, Chaudhuri, Raghuram Rajan, Rajan, Narinder Nanu Organizations: Indian, Bharatiya Janata Party, BJP, Reuters, Bernstein, GE Aerospace, Apple, Nvidia, CNBC, Modi, Coalition, Asia Society's, Reserve Bank of India, University of Chicago's Booth School of Business, Bharatiya Janta Party, India's, Afp, Getty Locations: New Delhi, India, United States, China, Asia, Asia Society's India, Eurasia, Amritsar

☆ What is D-Day? How the Normandy landings led to Germany’s defeat in World War II
▼ + stars: | 2024-06-04 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +8 min

CNN —June 6, 2024 marks 80 years since D-Day, the first day of the Normandy landings that laid the foundations for the Allied defeat of Nazi Germany in World War II. The Allied troops’ invasion was coordinated across air, land and sea, in what can be described as amphibious landings. On D-Day alone, around 4,440 Allied troops were confirmed dead, according to the Commonwealth War Graves Commission (CWGC), with more than 5,800 troops wounded or missing. Because Omaha Beach was the bloodiest landing beach, the US Army lost the most men in the amphibious landings. Within minutes of reaching Omaha Beach, 16 of these men were killed and four were wounded.

Persons: –, France –, ’, Adolf Hitler, “, ”, Bedford’s, Bedford, Hitler Organizations: CNN, Royal British Legion, Canadian, Cotentin Peninsular, Omaha Beach, Juno, Allied, Pas de, Allies, Commission, Omaha, US Army, Bedford, Foundation, US Department of Defense, Western Allies, US, German Nazi, Third Reich, Victory Locations: Normandy, Nazi Germany, United States, United Kingdom, Canada, France, Utah, Omaha, Australia, Belgium, Czech Republic, Greece, Netherlands, New Zealand, Norway, Rhodesia, Zimbabwe, Poland, Europe, Fortitude, Pas de Calais, Cotentin, British, Gold, Pas, Germany, Bedford , Virginia, Omaha Beach, Paris, Nazi, German, Reims

☆ Britain’s Snap Election: Bad News for Tories. Good for Labour? - The New York Times
▼ + stars: | 2024-05-29 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

But perhaps it will also be an indictment of the Labour Party opposition, which seems remarkably uninterested in seizing the moment. is 8.4 percent below its 2007 peak — a significant decline, which has helped make the country outside of London poorer than Mississippi. And although the prolonged slowdown in productivity may be the worst Britain has experienced since the dawn of the Industrial Revolution, the country’s struggles aren’t purely economic. Britain has been governed by austerity-minded Tories now for 14 years, and the results have been bleak. Brexit was another self-inflicted wound from the British right and is now lamented by a large majority of the public.

Persons: Rishi Sunak, Brexit, Boris Johnson’s, it’s Organizations: Conservative Party, Labour Party, Britain, National Health Service Locations: Britain, London, Mississippi, British

☆ China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or Gucci
▼ + stars: | 2024-05-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.

Persons: —, Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China

☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

☆ It's not your imagination. Pickleball courts are everywhere
▼ + stars: | 2024-05-22 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

In 2017, fewer than half of the largest U.S. cities offered formalized pickleball courts. "We have found New York City parks to really understand the popularity of pickleball and also the need for more courts," said Cannon. We're excited to meet the increasing demand and bring Pickleball Kingdom's premier indoor pickleball to the masses," said Ace Rodrigues, founder and CEO of Pickleball Kingdom. Pickleball courts are also popping up at gyms throughout the country. Life Time, an "athletic country club," currently boasts almost 700 pickleball courts across its 170 U.S. locations.

Persons: Wang Fan, Will Klein, Klein, pickleball, Erica Desai, Mary Cannon, Pickle, Cannon, Desai, Pickleball, Rodrigues, Andre Agassi, Bahram Akradi, Ben Johns, Collin Johns, Anna Bright, Tyson McGuffin, Mike Stobe Organizations: Central Park, China News Service, Getty, Trust, Public, Pickle, Long, PENN, Garden Locations: Central, New York City, pickleball, Louisville , Kentucky, Madison , Wisconsin, Honolulu, Manhattan , Brooklyn, Long Island City, Kingdom, Pickleball, United States, Pickleball Kingdom, U.S, Annapolis , Maryland, Madison

☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ Is America ready for a $400 pineapple? Luxury fruit is now a thing
▼ + stars: | 2024-05-19 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +9 min

The Rubyglow pineapple –— bred for its distinctive red exterior and its sweetness — costs $395.99 at Melissa’s Produce, a California-based seller of specialty fruit and veggies. It took Del Monte, a wholesaler which sells a variety of produce but specializes in pineapple, a decade and a half to develop the red-hued fruit. And yet, there’s interest in premium fruit — enough to convince Del Monte to bring the Rubyglow, which is grown in Costa Rica, stateside. Courtesy Fresh Del MonteThe Pinkglow was never supposed to be a grocery list staple, said Melissa Mackay, VP of marketing in North America at Del Monte. Melissa’s started with 50 pineapples, according to Robert Schueller, director of public relations at Melissa’s Produce.

Persons: Del, ”, Cindy van Rijswick, “ there’s, Cotton Candy, McIntosh, Jim Luby, Patrick T, Fallon, Luby, Lane Turner, Oishii, Hiroki Koga, Jerod Harris, Melissa Mackay, “, It’s, Melanie Zanoza Bartelme, pricey, Hailey, Strawberry, it’s, Melissa’s, Robert Schueller, ” Schueller, Bo Corley, ” Corley, Corley Organizations: New, New York CNN, “, University of Minnesota, Getty, Rabobank, Citrus, Boston Globe, Vox Media, Del, Mintel, Melissa’s Locations: New York, California, Del Monte, China, United States, America, Costa Rica, AFP, Minnesota, Beverly Hills , California, North America, Erewhon, Angeles, Las Vegas, Southern California

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