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Business / 2 weeks ago

How market capitalisation milestones reveal a century of economic power shifts

From U.S. Steel becoming the world’s first billion-dollar company in 1901 to Nvidia’s projected rise toward a $5 trillion valuation, market capitalisation milestones trace a century-long shift in global economic power from heavy industry to consumer technology and now artificial intelligence. From U.S. Steel becoming the world’s first billion-dollar company in 1901 to Nvidia’s rise toward a $5 trillion valuation, market capitalisation milestones trace a century-long shift in global economic power from heavy industry to consumer technology and now artificial intelligence. At the start of the 20th century, U.S. Steel’s $1.4 billion valuation reflected an economy driven by railroads, construction, and large-scale manufacturing, with steel forming the backbone of global industrial growth.

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Business / 8 weeks ago

Hermès beats Ferrari in luxury growth race

Between haute couture and high performance, Hermès and Ferrari have each posted impressive full-year results for 2024. Hermès reported consolidated revenue of €15.2 billion for 2024, a 15 % increase at constant exchange rates and 13 % at current rates. The French house also recorded a recurring operating income of €6.2 billion, representing 40.5 % of sales, and a net profit of €4.6 billion (about 30.3 % of sales).

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Culture / 11 weeks ago

Eastern Europe leads global alcohol consumption

The highest per-capita alcohol consumption in the world is concentrated in Eastern Europe. According to data from World Population Review (2022), Romania tops the list at 17.1 liters of pure alcohol per year, followed by Georgia (15.5 L), Latvia (14.7 L), Moldova (14.1 L), Czechia (13.7 L), Lithuania (12.2 L), Namibia (12 L), Poland (11.9 L), Austria (11.8 L), and Bulgaria (11.5 L).

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Maps / 13 weeks ago

Europe’s rental market hits record highs as demand surges

Europe’s rental market is on fire. A new infographic reveals that London now leads the continent with an average rent of € 42.50 per square metre per month, significantly outpacing every other major European city. Oslo comes next at €29.4, followed by Paris at €28.1, with Amsterdam, Dublin, and Barcelona rounding out the top tier.

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Technology / 14 weeks ago

Global smartphone leaders: U.S. takes the lead as mobile trends redefine 2025

Smartphones are no longer just a convenience; they are the backbone of modern life, driving everything from communication and commerce to entertainment and education. According to Newzoo’s Global Mobile Market Report, the United States continues to lead the world in smartphone penetration, with 81.6% of its population owning a smartphone. Japan follows closely at 78.6%, with Russia at 73.6%, while China and Indonesia hover around 68%.

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