Surge pricing is nothing new. We see it in when booking airfares or Ubers. But it has now reached the entertainment world and consumers are paying the price. As the cost of living bites, some countries are looking to ban dynamic ticket pricing, including Australia. Matilda Boseley looks at what exactly dynamic pricing is, how…
As the Long Read turns 10 we are raiding the archives to bring you a favourite piece from each year since 2014, with new introductions from the authors. This week from 2017: The world-beating British sandwich industry is worth £8bn a year. It transformed the way we eat lunch, then did the same for breakfast…
Elon Musk’s Pac is spending far more on ads on Facebook and YouTube than on X, Musk’s own social network. America Pac paid $201,000 to run dozens of ads on X, formerly Twitter, during the past three months. However, it spent $3m on thousands of advertisements on Facebook and Instagram in roughly the same time…
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty Images It was a big finish for the 2024 WNBA season. The fifth…
A McDonald’s located on Route 66 in Azusa, California, on April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has led to 10 hospitalizations and one…
Gaza’s economy has been left in “utter ruin” by the year-long war between Israel and Hamas, and it would take 350 years to return to its pre-conflict levels, the United Nations has warned. In a report on the economic costs of the war prepared by its trade and development wing (Unctad), the UN said the…
All things considered, the International Monetary Fund should be feeling relatively upbeat as it hosts its annual meeting in Washington DC this week. To be sure, its flagship World Economic Outlook (WEO) report shows the global economy stuck in a relatively low-growth pattern. But given how things stood two years ago, when inflation was at…
The British luxury handbag retailer Mulberry has rejected an increased £111m bid from Mike Ashley’s Frasers Group, describing it as untenable. Frasers, which already owns 37% of the company, increased its offer to 150p a share on 11 October from 130p, which had valued Mulberry at £83m. However, the retailer’s biggest shareholder, Challice, a group…
HSBC’s new chief executive, Georges Elhedery, has unveiled an overhaul of the bank, dividing it into four businesses and a new geographical setup that splits operations into east and west in an effort to cut costs and navigate rising geopolitical tensions. The bank also announced the promotion of its chief risk and compliance officer, Pam…
Small breweries in the UK are ditching the term “craft beer” in favour of “indie beer”, warning that global corporations have bamboozled many drinkers into believing that formerly independent brands are still artisanal hidden gems. In a survey by YouGov that marks a new phase of the bitter war over what constitutes “craft beer”, consumers…
