Despite the rise of Airbnb striking fear into the hearts of hoteliers, small independent hotels can co-exist with the homestay giant – but they have to be smart about it.We highlight a few intelligent examples and look to the future of the city stay.
It certainly took everyone in India by surprise. But then, Prime Minister Narendra Modi has a flair for the dramatic. In an unexpected primetime address on Tuesday October 8th, he announced that in a few hours, millions of high-denomination currency notes would no longer be legal tender...
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Written by Mihir Sharma for Bloomberg View
An Israeli entrepreneur had spent one year designing the product that would make him rich—a smartphone case that unfolds into a selfie stick. He had drawn up prototypes, secured some minimal funds from his family, and launched a crowdfunding campaign. But one week after his product hit Kickstarter in December 2015, Sherman was shocked to see it for sale on AliExpress.
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Written by Josh Horwitz for Quartz
Illustration by Yukai Du
Globalisation’s critics say it benefits only the elite. In fact, a less open world would hurt the poor most of all. The backlash against trade is just one symptom of a pervasive anxiety about the effects of open economies. Britain’s Brexit vote reflected concerns about the impact of unfettered migration on public services, jobs and culture. Big businesses are slammed for using foreign boltholes to dodge taxes. Such critiques contain some truth: more must be done to help those who lose out from openness. But there is a world of difference between improving globalisation and reversing it. The idea that globalisation is a scam that benefits only corporations and the rich could scarcely be more wrong.
What men are wearing, how men are shopping, and why everyone’s getting in on the action now. We're witnessing a fascinating, exciting, very specific moment, a "choose-your-own-adventure time of menswear, where guys are letting their freak flags fly. Information has never been more readily available, and online shopping has lowered the barrier to entry significantly.
Illustration by Lindsay Mound
The Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries. Check out this year snappy analysis and browse the interactive tool for yourself:
The Big Mac Index
Quick Analysis by The Economist
The quote above fast became the 'it' question for governments around the world (or at least those in proper condition to do so) as the minimum wage steps up for serious discussion, finally going beyond the academia and empty speeches.
AlJazeera explores the several variations and how some countries are taking the ambitious cause to heart.
As artificial intelligence slowly creeps into the daily life of enterprises, the frontiers of what should be kept as sole responsibility of humans or machine start to weave. From softwares with the ability to take out a journalist to a program purposely made to be efficient, no matter the personal ramifications, such as charisma. Take a look at two important scenarios worth keeping an eye on: