A gift is an item given to someone without the expectation of anything in return. The item is already owned by the one to whom it is given. The people are an expectation of reciprocity a gift is to be free. It may sustain social relations and contribute to social cohesion. Most economists have … Read more
What was once New York’s premier fashion store is entering its last days before closing – but luxury lives on elsewhere
Investor demand pushes oil giant’s market value to $1.9tn on first day of trade in Riyadh
Five years of insurance data on rich Australians will help in hunt for unexplained ‘lifestyle assets’
eCommerce revenue now represents 10.7% of U.S. retail sales. With 47% of eCommerce transactions (or 5% of all U.S. retail sales), Amazon has surpassed Walmart as the world’s largest retailer. Globally, online’s share of total retail sales is now 16.4%, with eCommerce accounting for more than three-quarters of overall retail growth. Fueled by … Read more
From new gaming consoles to activism at Apple, we predict the things you will – or won’t – see in tech this year