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Cashstrapped

Cash-strapped American tourists are rejecting Las Vegas maximalism and fueling a rise in ‘calmcations’

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As travelers emerge from an era of revenge tourism and bucket-list sprints, a quieter movement is taking hold: the “calmcation.” This emerging travel trend prioritizes rest, relaxation, and mental restoration over jam-packed sightseeing schedules, representing a significant shift in how Americans approach their precious vacation time. Recent research by travel company Rustic Pathways analyzed 70 … Read more

Even McDonald’s CEO knows the fast-food giant is too expensive. Now he’s cutting prices to woo back cash-strapped consumers

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McDonald’s has been struggling to hold on to its low-cost image. Now fast food’s largest brand is trying to fix what many of its customers have been saying for months: Combo meals cost too much. The global fast food chain that built its customer base on affordability is slashing its combo meal prices. The move … Read more

Cash-strapped Maldives to build $9bn blockchain hub in bid to lure investors

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Dubai-based family office has announced plans to invest $8.8bn to build a “blockchain and digital assets” financial hub in the Maldives, a scheme the cash-strapped Indian Ocean archipelago hopes will help it through a … Read more

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