Home / 2015 / May / 20

Daily Archives: May 20, 2015

Dubai Named World’s Second Most Important Shopping Destination

Dubai Named World’s Second Most Important Shopping Destination

About 55.7 per cent of retailers in Dubai are international brands while the city attracted 45 new global brands last year. Dubai has been named the second most important international shopping destination globally for the fourth consecutive year, according to a report by real estate consultancy CBRE. About 55.7 per cent …

Read More »

World’s First Battery-Powered Electric Ferry Enters Service

World's First Battery-Powered Electric Ferry Enters Service

The world’s first battery-powered electric ferry, Ampere, has entered service sailing between Lavik and Oppedal on the Sognefjord, Norway. Operated by Norled, the Norwegian shipping company, the venture is a major step in the evolution of emission-free ferries and significantly reduces the cost of fuel. In conjunction with shipbuilder Fjellstrand, …

Read More »

Disney Opens First Mainland China Retail Store in Shanghai

Disney Opens First Mainland China Retail Store in Shanghai

The Walt Disney Co. opened its first Disney Store in China, getting started on a major expansion into the world’s second-largest economy. The store, at 9,257 square feet, is Disney’s largest in the world, the company said Wednesday in a statement. It is located in Shanghai’s Pudong district, where Disney …

Read More »

Soros Sees Risk of Another World War

Soros Sees Risk of Another World War

Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war. Much depends on the health of the Chinese economy, Soros said in remarks at a Bretton Woods conference at the World Bank. If China’s efforts to transition to a domestic-demand led economy from an export …

Read More »

Global Jobs gap Costs $1.2 trn in Lost Wages

Global Jobs gap Costs $1.2 trn in Lost Wages

Some 61 mn fewer people were employed in 2014 than there would have been had pre-crisis employment growth trends continued. The global financial crisis of 2008-10 had a big impact on jobs. Employment growth has stalled at a rate of about 1.4 per cent per year since 2011. While this …

Read More »

New Digital Museum to Open in Tbilisi

digital museum

Georgian National Library to think up and develop a “digital museum” where public and private works of art will be stored digitally. The idea is authored and hatched by the Georgian National Library. The project creators are collecting works of art by Georgian classic artists, as well as contemporary ones …

Read More »