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Airports generate revenue through multiple streams, each designed to make the most of the travel ecosystem and passenger flow. 1- aeronautical fees—charged to airlines for landing, takeoff, and parking—are major income sources, ensuring each plane contributes to airport maintenance. 2- passenger fees add revenue per traveler, supporting services from security to gate operations. 3- parking … Read more
Olympus Corp. recently announced the resignation of its CEO, Stefan Kaufmann, following an investigation into allegations of illegal drug purchases. This leadership shake-up comes less than two years into Kaufmann’s tenure, during which he oversaw an 18% increase in Olympus’s stock—a growth rate that, while notable, fell short of the Topix index gains over the … Read more
The SS United States, a legendary 1,000-foot ocean liner that set the transatlantic speed record over 70 years ago, is on the verge of a new chapter in its storied history. After a long-standing rent dispute was resolved between the SS United States Conservancy and its landlord, plans are now underway for the ship to … Read more
Educators in Dubai will soon have the opportunity to apply for a Golden Visa, recognizing their significant contributions to the private education sector. Announced by the Knowledge and Human Development Authority (KHDA) on October 5, this long-term residency visa is a tribute to teachers who excel in nurturing young minds and enhancing the quality of … Read more
7-Eleven has announced the closure of 444 underperforming stores across North America as it faces declining foot traffic and inflationary pressures. The convenience store chain, which operates 13,000 locations in the U.S. and Canada, has seen traffic drop further by 7.3% this August, contributing to its financial struggles. The chain’s parent company, 7&i Holdings, cited … Read more
Boeing announced it will cut 10% of its workforce, equating to roughly 17,000 jobs, as the company faces significant financial losses and operational challenges. The ongoing machinists strike, which has lasted five weeks, has halted production on several key aircraft, including some of Boeing’s best-selling jets, adding to the company’s difficulties. In addition to the … Read more
In the dynamic landscape of foreign direct investment (FDI) in Europe, insights from the latest EY survey shed light on significant trends and shifts. Despite an overall decline in FDI projects across the region, France emerges as a frontrunner, showcasing resilience despite a slight dip in investment projects. Remarkably, France managed to create more jobs, … Read more
The prospect of a six-day workweek becoming more prevalent in American companies certainly raises concerns about work-life balance and employee well-being. While some companies may see it as a way to increase productivity and profits, it’s crucial to consider the potential negative impacts on employees. The idea of working longer hours and additional days can … Read more
In the latest development surrounding TikTok’s future in the United States, ByteDance, the Chinese tech giant behind the viral app, has made a bold declaration. Reports suggest that ByteDance is prepared to shut down TikTok’s operations in the US rather than succumb to regulatory pressures demanding its sale. This stance underscores the paramount importance ByteDance … Read more
The weakening of the Japanese yen against the U.S. dollar to 160 is significant, marking its lowest level since April 1990. This decline is attributed to several factors, including the sustained strength of the U.S. dollar and the delay in Federal Reserve rate cuts, which contrasts with the Bank of Japan’s decision to end its … Read more
