The vacation rental industry is intensifying its lobbying efforts to influence U.S. lawmakers as cities across North America increasingly implement restrictions on short-term rentals, citing concerns about housing affordability and neighborhood quality of life.   In 2024, the growth of...

Despite recent turmoil in financial markets, global borrowing conditions have largely withstood the shock, providing a stable environment for borrowers. While the sell-off in equities and corporate debt markets earlier this month triggered by U.S. recession fears and the unwinding of the yen carry...

The global demand for jet fuel, which has been a key driver of oil consumption, is beginning to show signs of strain as economic challenges and technological advancements reshape the landscape. With a noticeable slowdown in consumer spending and shifts in travel behavior, the outlook for jet fuel...

U.S. consumer prices saw a modest rebound in July, aligning with expectations and reinforcing the ongoing trend of easing inflation. This development bolstered the likelihood of the Federal Reserve cutting interest rates in its upcoming policy meeting next month.   The Labor Department...

Brian Niccol, the current CEO of Chipotle Mexican Grill, is set to become the CEO of Starbucks Corp. Niccol will assume the role starting on Sept. 9, 2024. He is set to become the chairman of the company's board of directors as well. The present CEO of Starbucks, Laxman Narasimhan, is resigning...

MSCI Inc. stated that it would remove the shares of 60 firms from the MSCI China Index calculation after the quarterly review of regional indicators composition. In this instance, the index will incorporate the securities of two companies. Therefore, the total number of index components dropped by...

India has become the new focal point for major packaged goods companies such as PepsiCo, Unilever, and others, seeking to offset the slower recovery in China. With India’s economy growing rapidly compared to other major emerging markets, these companies are adapting their strategies to cater to the...

The Paris Olympics have marked a significant shift in product placement, with winning athletes receiving their medals on Louis Vuitton trays and using Samsung flip phones for "victory selfies." This new era of commercial integration is expected to be expanded upon for the Los Angeles 2028 Games....

Singapore's economy demonstrated stronger-than-expected growth in the April-June quarter, expanding by 2.9% year-on-year, according to government data released on Tuesday. This growth rate aligns with the official advance estimate and exceeds market forecasts.   In response to the robust...