S. Korean Eyewear Brand Gentle Monster Launches First Store in Japan

May 15, 2023 02:34 am UTC| Life Economy Business

South Korean luxury eyewear brand Gentle Monster has launched its first brick-and-mortar store in Japan, at the Hankyu Umeda Main Store in Osaka The store features a kinetic installation dubbed The Giant Head, which is...

Dairy Queen eyes Australia, Taiwan expansion

May 15, 2023 00:03 am UTC| Life Economy Business

Dairy Queen is looking to expand in new markets, including Australia and Taiwan, says the companys CEO, Troy Bader. The Berkshire Hathaway-owned fast-food chain operates over1250 stores in China, its second-largest...

Central Banking Series

A brief history of debt ceiling crises and the political chaos they've unleashed

May 14, 2023 05:10 am UTC| Economy

There have been numerous fiscal crises in the United States where Congress has either failed to pass a budget on time or there were doubts that the federal debt ceiling would be raised, which could cause the U.S. to...

America’s Roundup: Dollar on pace for biggest weekly rise since February, Wall Street dips, Oil prices fall on stronger dollar, demand fears

May 13, 2023 01:27 am UTC| Market Roundups Economy

Market Roundup US Apr Import Price Index (MoM) 0.4%,0.3% forecast,-0.6% previous US Apr Export Price Index (MoM) 0.2%, 0.2% forecast,-0.3% previous UK NIESR Monthly GDP Tracker 0.1%,0.0% forecast,0.1%...

Europe Roundup: Sterling steadies after UK economy posts fragile Q1 growth ,European shares rise, Gold dips, Oil stabilises as supply deficit counters demand fears

May 12, 2023 12:35 pm UTC| Market Roundups Economy

Market Roundup UK Mar Monthly GDP 3M/3M Change 0.1%, 0.1% forecast, 0.1% previous UK GDP (YoY) (Q1) 0.2%, 0.2% forecast, 0.6% previous UK Mar GDP (MoM) -0.3%, 0.1% forecast, 0.0% previous UK Mar Trade Balance...

Peloton Recalls 2 Million Bikes Over Injury Risks

May 12, 2023 10:07 am UTC| Business Economy

Peloton Interactive Inc. announces the recall of its exercise bikes due to safety hazards that may lead to injuries. About 2.2 million units of the brands Model PL01 bikes are affected by the recall. It was stated on...

Adidas Reveals Plans to Sell Yeezy Stocks, Portions of Sales to Go to Charity

May 12, 2023 08:59 am UTC| Business Economy

Adidas AG has finally made its decision on what to do with the remaining Yeezy sneakers still in its possession. The companys chief executive officer, Bjoern Gulden, announced during the annual shareholder meeting that was...