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MILAN (AP) — Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded to 364 billion euros ($419 billion) in 2024 are projected to slide by another 2% to 5% this year, the study said, citing threats of … Read more
WASHINGTON (AP) — President Donald Trump is set to take a seat at Wednesday’s opening night of the award-winning musical “Les Misérables” at the Kennedy Center, where he replaced the previous leadership with loyalists, had himself installed as chairman and pledged to rid the performing arts venue of programming he has complained is “woke” and too focused on leftist ideology … Read more
The rise of AI can cause both “utopian” and “dystopian” effects in the future, says AI expert Pedro Uria-Recio. Mtstock Studio | E+ | Getty Images Workplace leaders are grappling with balancing between prioritizing people and profit making amid the rapid rise of artificial intelligence. Companies have a responsibility to protect jobs as the AI … Read more
Artificial intelligence robot looking at futuristic digital data display. Yuichiro Chino | Moment | Getty Images Artificial intelligence is projected to reach $4.8 trillion in market value by 2033, but the technology’s benefits remain highly concentrated, according to the U.N. Trade and Development agency. In a report released on Thursday, UNCTAD said the AI market … Read more
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