Carmakers are rushing to compete in the electric vehicles (EVs) market, and investors have been plowing dollars into the cars and the batteries that power them. Ford, for example, has released an all-electric version of their F-150, a modern take on what has been far and away the biggest selling vehicle in America for decades. It even can power job sites, campsites or your house in a power outage. The company also recently launched the Mach-E, an all-electric version of their iconic Mustang.
Lest you question the strategy, Ford just beat analyst estimates for Q2 2021 and raised its guidance…
While the world is beginning to open up again to travel, Europe is finding it more difficult to attract staff than visitors. And, as the tourist season becomes increasingly busy, these staffing issues threaten to undermine how successful this summer can be for everyone from individual businesses to entire countries.
Despite rising EU employment rates and safeguards for workers like wage subsidies and furlough programs to help ensure employment when businesses reopen, not all hospitality staff are going back to their previous jobs. …
With the Tokyo Summer Olympics underway, it seems fitting to write about how certain Japanese cuisine is captured between food and film.
Japanese food varies considerably between the eight regions that make up Japan, the numerous prefectures that make up those eight regions, and even the cities and towns located within those prefectures. …
This summer it appears as if a large portion of travelers are either currently vacationing in Greece or have plans to do so. Seemingly more than usual, social media is awash with people enjoying their holidays in Santorini, Crete, Mykonos, Corfu, and the mainland as well. So is there an actual boost in tourism to Greece this summer and, if so, how is this impacting the Greek hospitality industry?
Judging by the latest publicly available data and related press coverage, almost 2.3 million foreign tourists have visited Greece so far this year, with Germany, Poland, France, and the United States…
Climate change is accelerating and we are seeing particularly dramatic impacts across the agriculture sector. One example — but certainly not the only one — is the global wine industry.
If there is a positive side to the uncontrolled changes to our planet, it would be this: Grapes are ripening quicker and more easily, which is resulting in wines that are fuller with higher levels of alcohol. As a result, harvests are happening earlier than ever before. In Burgundy, for example, wine growers are logging the earliest harvests in 700 years.
The COVID pandemic has created a stark dichotomy in the United States’ real estate market.
The residential and industrial sectors are booming. For example, driven largely by e-commerce, nearly 100 million square feet of warehouse space was absorbed in Q1 2021 — the third highest mark on record. And there are no signs of slowing down.
The office market, on the other hand, is seeing record levels of vacancies. And major cities like San Francisco, which saw its highest vacancy rate since 2005 in the first quarter of this year, are bearing the brunt of the impact.
“[Stepan Arkadyevitch] was the familiar friend of everyone with whom he took a glass of champagne, and he took a glass of champagne with everyone[.]”
– Leo Tolstoy, Anna Karenina
Russia’s fondness for French champagne fills the goblet of modern history. Russians reportedly first became enamored of champagne during the Napoleonic Wars in the early 19th century, when imperial Russian troops occupied France’s Champagne region and treated themselves to the spoils of war. As the Napoleonic Wars drew to a close, Madame Clicquot (then head of famed Veuve Clicquot) defied French trade blockades to bring her champagne to Russia.
In the United States, residential rent prices are up 7.5 percent — three times higher than normal — with no ceiling in sight.
In particular, demand is especially high for single-family homes and apartments in smaller, cheaper cities that have less inventory. Here are a few factors that are driving up rental prices.
A great migration.
During the pandemic, many millennials and Gen-Zers moved back in with their families to save money and reduce the risk of exposure to COVID-19. However, as vaccination rates increase and restrictions lift, these young people are returning to cities in droves.
The rise of…
In today’s world, sustainability must be factored into new construction. In some places it is the law, but more often than not it is also good business. Along with benefits to the environment, green materials and technology also play a critical role in reducing energy costs.
But, is it too late to go green if a building is already standing?
In many cities, large, old buildings are creating obstacles to reducing carbon emissions. In New York City, for example, buildings account for 70% of its carbon emissions — half of which are produced by the largest 5% of its structures…
With all the recent media coverage, you might think that SPACs (special purpose acquisition companies) are new to the investment community. But, in fact, they have been around in slightly varying forms since the 1990s. So then, what are SPACs and what accounts for their recent popularity and resurgence?
A SPAC (also known colloquially as a “blank check company”) is a shell corporation that is listed on a public stock exchange and set up by investors for the sole purpose of raising funds to acquire a private company. A SPAC enables the private company to list and trade publicly without…
Investor in and lover of fine wine and restaurants.