Starbucks is making a big change. They are putting more money into their staff, especially baristas. This is part of a plan to bring customers back to their stores. The company recently shared its latest numbers. Revenue went up by 2% to $8. 8 billion. But, net income dropped by 50% to $384. 2 million. This is a big drop from what analysts expected, which was $551 mi...
Denver is buzzing with new food spots and some closures. The city's restaurant scene is always changing, and this week is no exception. There's a new place to get your breakfast burrito fix. Los Dos Potrillos, a local favorite, has opened its sixth location. It's in the old Hacienda Colorado spot on Colorado Boulevard. This is big news because many people thought it ...
In the heart of Sweden, a unique battle is being fought against gang crime. It's not happening in courtrooms or police stations, but on soccer fields. Every Saturday night, a former soccer player turned pastor, Robert Wirehag, organizes night soccer games in Gottsunda, a suburb of Uppsala. This isn't just a game; it's a lifeline for young boys aged 12 to 17 who are a...
Sony has announced that the price of PlayStation 5 consoles will go up in Europe, Australia, and New Zealand. This decision comes as no surprise, given the current economic climate. The company points to high inflation and unstable exchange rates as the main reasons behind this move. The new prices will take effect from April 14. In Europe, the digital edition of th...
The British car industry is facing another big challenge. Jaguar Land Rover has decided to hold back shipments to the US. This move comes as a direct result of the 25% tax on car imports that the US has put in place. The US is a key market for Jaguar Land Rover. The company is taking a pause on shipments this month. This is while they figure out how to handle the ne...
The fast-fashion giant Forever 21 is shutting down its U. S. operations. This is not the first time the company has faced financial trouble. It filed for bankruptcy protection in 2019. Now, it's doing it again. This time, the plan is to close all U. S. stores. The company is also considering selling some or all of its assets. This move comes as shopping malls see les...
When a population grows older, it can impact the number of young people in the workforce. This "demographic dividend" is a fancy term for the boost in economic growth that comes from having lots of workers. As this dividend shrinks, it might affect how innovative a region can be. Why does this matter? As we live longer, we need to think about how this affects where ...
Canada is on the hunt for a new prime minister after Justin Trudeau stepped down. The Liberal Party will soon announce its choice, set for March 9. This change comes as the country faces big challenges like a shaky economy and rising political heat. Mark Carney, a finance expert who handled the 2008 financial crisis, might swap his banking hat for politics. He's got...
Political news is buzzing with Justin Trudeau's decision to step down. In the midst of a tough economic storm and heated trade clashes, with the U. S. threatening to hike import taxes, Canada's PM has thrown a curveball. Trudeau announced his resignation on a freezing Ottawa morning, hoping to hit the pause button on Parliament until late March. This move aims to low...
Jimmy Carter, the 39th U. S. President, has seen his public image shift dramatically over the years. When he left office in 1981, Americans were split on his presidency and many disliked him personally. They criticized his leadership, especially during tough times like the energy crisis and the Iran hostage crisis. Today, views have softened. A 2021 CBS News poll sho...