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Tim Cook held an iPhone 6s Plus high in the air. The CEO of Apple had a grin a mile wide, and he has a good reason to be excited. That actual phone--it's the Rose Gold version in the photo above--is the one billionth sold , a milestone few tech companies can boast. "The iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day," he said to a cheering crowd. I agree with every word he said. The reason the iPhone has racked up so many sales over the years is due to one simple reason: The phone works. It doesn't crash, the apps load quickly, you can find what you need, you get your stuff done. Even when new apps debut, like one I've tested called Lola that helps you find hotels and flights, they work without glitches. About one billion people agree with me. I decided … [Read more...] about Here’s Why Apple Has Now Sold 1 Billion iPhones

By ZEKE MILLER and GEIR MOULSON ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war grinds on. The final statement from the Group of Seven summit in Germany underlined their intent to impose “severe and immediate economic costs” on Russia. It left out key details on how fossil fuel price caps would work in practice, setting up more discussion in the weeks ahead to “explore … the feasibility” of measures to bar imports of Russian oil above a certain level. That would hit a key Russian source of income and, in theory, help relieve the energy price spikes and inflation afflicting the global economy as a result of the war. “We remain steadfast in our commitment to our unprecedented coordination on sanctions for as long as necessary, acting in … [Read more...] about G-7 leaders united behind Ukraine, aim at Kremlin oil money

- A + A NEW YORK/BENGALURU (June 28): Bank shares boosted the Dow Jones and the S&P 500 indexes on Tuesday, as the big four lenders raised dividends following a stress test, but a sharp drop in consumer confidence brought to fore the risks from rising inflation. Wall Street's main indexes started the week on soft footing on worries of rising prices and an aggressive Federal Reserve dominated sentiment. Economic data remains at the forefront of investors' focus amid few market moving catalysts till the start of earnings season in two weeks. The Conference Board said its consumer confidence index dropped 4.5 points to a reading of 98.7 this month, as worries about high inflation left consumers anticipating that economic growth would weaken significantly in the second half of the year. Investors are now looking at data to determine whether the economy can withstand large interest rate hikes by the US central bank to stamp out inflation. "People are coming into … [Read more...] about Dow, S&P boosted by banks; cautious on consumer confidence data

Did you find it hard to choose what to wear today? Or what to eat for breakfast? If so, you’re not alone. According to the American Psychology Association , 32% of adults are so stressed they struggle to make everyday decisions. advertisement advertisement Much has changed over the past two years. From hoarding and unprecedented DIY projects to supply chain disruptions and mass unemployment, to social unrest and the Great Resignation, the pandemic has radically altered our outlook in many ways. The issue of mental space existed well before COVID-19 hit, but the barrage of events over the last two years has made it even more challenging for people. As the APA study indicates, a large number of us simply have less headspace available than we did before the pandemic. It’s a significant shift, and one that prompts profound questions for those leading brands. Perhaps it’s time to declare a ceasefire in the decades-long battle for mindshare and find a new … [Read more...] about Forget capturing mindshare. It’s time for brands to start giving customers space

The evolving regulatory landscape and consumer sentiment are making genuine sustainability efforts and reporting of those efforts a growing imperative. In March, the Securities and Exchange Commission proposed how public companies would have to report greenhouse gas emissions and the potential effects of climate change on their business. Last month, it followed up with proposed rule changes for Environmental, Social and Governance (ESG) investment funds that invest based on a company's ESG standards. These new rules would make the funds clarify and prove their credentials and label them accordingly. consumers expect and value green behavior from companies . Most respondents say they are more likely to support companies that promote their environmental commitment. And at the same time, over 40 percent surveyed agree with the statement "sustainability is a ruse to distract from bad things companies do." And a strong majority believe that such efforts need to be verified by … [Read more...] about 3 Ways Small-Business Owners Can Show They’re Serious About Sustainability

Share to Twitter Share to Linkedin Welcome to the Checks & Imbalances newsletter. Today, we look at the flow of money from Trump’s political groups to his business, the latest problem to befall his social network and the continued political donations of Ginni Thomas. Trump Moved More Than $1 Million From His Political Groups To His Private Business After Losing The Election “D onald Trump never stopped raising funds from his supporters after the 2020 presidential race,” reports Dan Alexander: His companies, meanwhile, continued to charge his political outfits for goods and services. As a result, the former president has been able to convert about $1.3 million of donor money into business revenue since he lost the 2020 election, according to a review of the latest federal filings. Thanks For Reading Checks & Imbalances This is the web edition of the Checks & Imbalances newsletter, sent to inboxes Mondays and Thursdays. It’s … [Read more...] about Checks & Imbalances: Trump’s Transfers, Thomas’s Contributions

The majority of international visitors to Phuket since the beginning of 2022 came from India, but half of the hotels on the island remain closed as they wait for the high season to begin. Even if the number of arrivals doubled by the end of the year, Phuket’s tourist numbers are still falling well short of pre-Covid levels. Between May and June, there were around 52,000 Indian travellers in Phuket, followed by Singaporeans, just under 20,000 travellers during the same time. With direct flights from Thai Smile Airways, Go First Airlines and Indigo Airlines linking Phuket with major cities like New Delhi, Kolkata, Bangalore and Mumbai, the prospect for the Indian market next month still looks promising. The hospitality industry in Phuket is slowly, very slowly, gaining momentum since the beginning of 2022, with the Thai Hotels Association 40% of available hotel rooms booked in May. Most of the visitors are from India, Singapore, Australia and the United Kingdom, according to the … [Read more...] about Majority of international travel to Phuket is from India