Every year, as winter gives way to warmer weather, millions of students and families pack their bags for spring break getaways, triggering an economic ripple that extends far beyond beaches and resorts. What began as a seasonal tradition in the United States has evolved into a global economic driver, generating billions of dollars in tourism revenue and boosting businesses that rely heavily on seasonal spikes in demand.
globalEDGE Blog
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Dubai has grown fast, attracting businesses, investors, and expatriates worldwide. While this has boosted the economy, it has created challenges like high housing costs, heavy traffic, and concerns over the balance between locals and expatriates. Dubai has become one of the most expensive places to live, making it difficult for middle-income residents to keep up.
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After U.S. President Donald Trump’s recent threats to withdraw military aid to Ukraine, European countries have continued to increase their military spending. The U.K., Germany, and Denmark have recently pledged to increase their military spending while Eastern European countries have already increased their spending.
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Streaming services are more significant than ever. By the summer of 2023, these services commanded 38% of television viewing, larger than traditional cable’s 31%.
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A new age in the exotic car industry is upon us. On February 4, 2025, Ferrari announced plans to release a fully electric car later this year.
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Shifts to prioritize environmental sustainability are shaking up the automotive industry. Gasoline-powered cars have dominated the world’s automotive transportation market for over a century. However, the negative repercussions that directly result from gasoline-powered vehicles are unignorable.
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Though sports betting in the U.S. has only been legal for a few years, it's already everywhere. A 2022 Pew Research Center survey found that 19% of U.S. adults had placed a bet on sports in the past year.
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Greenland has emerged as a strategic battleground for natural resource exploration as global demand for critical minerals surges. Rich in rare earth elements, uranium, and other valuable minerals, the world's largest island has drawn the attention of governments and multinational corporations seeking to secure essential supply chains.
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Chinese companies are prioritizing their shareholders by paying record dividends and starting large share buybacks. This shift brings China’s business culture closer to international standards, concentrating on investor return.
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Watches have been a statement piece since the 16th century in Europe. Not only does this innovation tell time, but it has also brought history to the mainstream world today.