Younger generations are moving away from private vehicle use for several reasons, and these trends have been observed in many parts of the world. Here are some of the key factors driving this shift: Environmental Concerns: Younger generations are generally more environmentally conscious and concerned about climate change. They are more likely to consider the environmental … [Read more...] about The Shift Away from Private Vehicle Ownership: Why Younger Generations Lead the Trend
Has the Metaverse Lost Its Luster? Exploring the Subsiding Interest
In recent years, the term "metaverse" has been on the tip of everyone's tongues, capturing our imaginations with the promise of a digital utopia where we can live, work, and play in an immersive virtual world. Tech giants like Facebook (now Meta) have invested billions in building this digital realm, while countless startups have raced to develop the next big metaverse project. … [Read more...] about Has the Metaverse Lost Its Luster? Exploring the Subsiding Interest
Erdogan’s Disastrous Rule Leads to Economic Crisis in Turkey
Here is a gloomy picture of Turkey's economy: The Turkish lira has lost over half of its value against the US dollar in the past year, making imports more expensive and pushing up inflation.Inflation is currently running at over 40%, the highest level in two decades. This has eroded the purchasing power of ordinary Turks and made it difficult for them to make ends meet.The … [Read more...] about Erdogan’s Disastrous Rule Leads to Economic Crisis in Turkey
Asia’s ultra-rich population fell by 3.1% in 2022
According to a report by the Hurun Global Rich List, Asia's ultra-rich population fell by 3.1% in 2022, the largest drop in the world. The total number of ultra-high net worth individuals (UHNWIs) in Asia declined to 15,625, from 16,110 in 2021. RegionNumber of UHNWIsTotal wealthAverage wealthAsia15,625$40.3 trillion$2.6 billionEurope12,750$35.2 trillion$2.7 billionUnited … [Read more...] about Asia’s ultra-rich population fell by 3.1% in 2022
Depreciation of the renminbi has raised concerns about the health of China’s economy
The People’s Bank of China (PBoC) intervened in the foreign exchange market on Friday to prop up the renminbi after it hit a 16-year low against the US dollar. The PBoC set the midpoint rate for the renminbi at 6.7942 per dollar, down from 6.7628 on Thursday. The central bank also reportedly bought yuan in the offshore market. The renminbi has been under pressure in … [Read more...] about Depreciation of the renminbi has raised concerns about the health of China’s economy