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an increase in the demand of gas has lead to a higher increase to 2.8% increase of use last year, this has caused big debate if the climate change rules are even making a difference, from 2010 to 2020 there was a average increase in use by 2% this means there was a shift in demand by almost 50%

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Global gas balance set to remain fragile in 2025 as growing demand meets tight supply - News - IEA

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Global gas balance set to remain fragile in 2025 as growing demand meets tight supply - News from the International Energy Agency

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"Health Care Jobs Are in Demand in 2025 — One of the Top Roles Can Pay $385,000." NBC News, 2025 (Arjun G)

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"Health Care Jobs Are in Demand in 2025 — One of the Top Roles Can Pay $385,000." NBC News, 2025 (Arjun G)

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Summary:

In 2025, health care jobs are experiencing high demand in the US, driven by an aging population, retirements among workers and low risk of A.I. replacement. One of the top-paying roles in the sector is a physician, with salaries reaching up to $385,000 annually. The demand spans various fields, from nursing to specialized medical professionals, as the industry works to address growing health care needs. The surge in opportunities is also attributed to advancements in telemedicine and technology, which are expanding the scope of available jobs and services.

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Passenger Demand Up 8.1% in November: According to the International Air Transport Association (IATA), global passenger demand for air travel increased by 8.1% in November 2024 compared to the previous year. This growth was driven by a significant rise in international travel, which saw an 11.6% increase. However, the report highlights ongoing supply chain issues affecting aircraft deliveries, which are limiting airlines' ability to meet this growing demand. The load factor reached an all-time high of 83.4%, indicating that airlines are operating at near full capacity despite these challenges

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Air Cargo Demand Up 8.2%: In the same month, air cargo demand also experienced growth, rising by 8.2% year-on-year. This increase was supported by lower fuel costs and robust market conditions, despite potential risks from inflation and geopolitical uncertainties. The Asia-Pacific region led this growth with a 13.2% increase in demand for air cargo

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my comments: The increase in passenger demand reflects a strong recovery in the travel sector post-pandemic, indicating that consumers are eager to travel again.

1. It's concerning that airlines are facing supply chain issues that prevent them from expanding capacity to meet this demand—this could lead to higher prices and reduced service quality.

2. The simultaneous rise in air cargo demand suggests that global trade is also recovering, which is a positive sign for the economy as a whole.

3. The 8.1% increase in global passenger demand is a strong indicator that the travel industry is rebounding robustly. This trend not only reflects consumer confidence but also suggests a potential for sustained growth in the aviation sector.

4. It's noteworthy that international travel demand surged by 11.6%. This could imply a shift in consumer preferences towards international destinations as travel restrictions continue to ease.

5. The record load factor of 83.4% signifies that airlines are efficiently filling their seats, which is crucial for profitability. However, this also raises questions about how airlines will manage capacity constraints moving forward.

6. IATA's call for aerospace manufacturers to address supply chain issues highlights a critical challenge that could hinder future growth if not resolved quickly. It’s essential for the industry to adapt and innovate to meet rising demand.

7. The contrasting growth rates in domestic versus international travel suggest that while recovery is underway, it may be uneven across different markets, necessitating tailored strategies by airlines.

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IATA reports strong November passenger growth

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Global passenger demand measured in revenue passenger kilometers (RPK) grew 8.1% in November 2024 compared to the same month in 2023, according to new data from the International Air Transport Association (IATA)

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President Trump's address at the World Economic Forum highlighted his plans to lower inflation, reduce oil prices, and cut corporate taxes to 15%, signaling potential shifts in U.S. economic policies that could impact global markets and trade relations.

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Fact-checking Trump's claims to world leaders at Davos economic forum

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A Demand in Eggs Increases Company's Shares -Senthil

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A Demand in Eggs Increases Company's Shares -Senthil

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CALM is one of the biggest egg shell producer and distributors in the USA. A recent "avian flu outbreak" reduced the supply of eggs, making prices increase again. This price increase shows the demand for eggs, as they remain an important part in households and industries even though the prices have kept changing. Cal-Maine Foods has used this to their advantage, reporting increased profits and an increased number of sales. The company's resilience for adapting to a shortage maintains its status as a major company in keeping the egg market stable while also meeting the increased demand

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Cal-Maine Foods Rises on Higher Prices, Demand

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Shares of food company Cal-Maine Foods, Inc. (CALM) are up as prices, consumer demand increase.

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Record breaking demand for Eras Tour tickets - Clara Grace

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Record breaking demand for Eras Tour tickets - Clara Grace

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Taylors Swifts Eras tour began on the 17th of March 2023 and ended on the 8th of December 2024. In nearly 2 years she preformed 149 shows across 21 countries. In the past her tickets could go as low as $34 USD, however this tour blew up when the average ticket price was $204 USD. The demand for tickets was over 10 million people causing the ticket prices to sky rocket and costing up to $3,071. When her tickets first came out in the fall of 2022 ticket master crashed because of how many people were using the website to get tickets. Not only did she make over 2 billion dollars in ticket sales but she also made $500 million from the merch she produced at her shows. From being small artist that played for small crowds her popularity both in the music industry and her social presence has made it extremely desirable to watch her preform. Fans also known as "Swifties" explain this show as "mesmerizing and a once in a life time experience."

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Infographic: Taylor Swift’s Record-Breaking Tour

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This chart shows the key figures from Taylor Swift’s ‘The Eras Tour’.

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Increased Demand For Villas in the IT : Bengaluru - Yathra

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Increased Demand For Villas in the IT : Bengaluru - Yathra

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The demand for villas in Bengaluru, India's IT capital, is surging due to a shift in homebuyer preferences post-pandemic. With remote work and hybrid working models becoming the norm, people are prioritizing spacious homes with better amenities and privacy. Villas, offering large layouts and green spaces, cater to this demand. Key localities such as Whitefield, Sarjapur Road, and Devanahalli are witnessing significant interest, driven by their proximity to IT hubs and infrastructure development. This trend highlights a shift towards premium living and reflects Bengaluru's evolving real estate landscape.

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Bengaluru real estate: Here’s why demand for villas in the IT capital is rising

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Demand for villas has increased in Bengaluru, with several developers launching affordable projects in outskirts of Whitefield in the ₹2-5 crore price range

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Demand for retail spaces falls by 10% in 2024           (Seolin)

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Demand for retail spaces falls by 10% in 2024           (Seolin)

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The article is about a 10% drop in demand for retail spaces in malls and high streets in 2024 due to limited supply. Leasing activity decreased from seven million one hundred thousand square feet in 2023 to six million four hundred thousand square feet across eight major cities. Delhi-NCR and Mumbai saw larger drops, while cities like Hyderabad and Chennai had slight increases. Even with the decline, demand is still strong in some areas, and leasing may improve when new spaces become available

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Demand for retail spaces in malls, high streets falls 10% in 2024: CBRE

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Leasing of retail spaces in shopping malls and high streets fell 10 per cent last year to 64 lakh square feet across eight major cities due to supply constraints, according to CBRE.

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The IEA Oil Market Report from November 2024 talks about what’s going on in the global oil market, covering everything from how much oil is being used to how much is being produced and where it’s all going.

Oil use around the world is expected to go up by about 920,000 barrels a day (kb/d) in 2024, reaching 102.8 million mb/d. It’ll grow by almost 1 million barrels a day in 2025. But the growth is way slower than last year because the big post-pandemic rush for oil is pretty much over, and the global economy isn’t doing as well. Plus, more people are using clean energy, which is cutting down on oil use in things like transportation and power generation.

The world’s oil supply grew by 290,000 barrels per day in October 2024, hitting 102.9 mb/d, thanks to Libya bringing more oil back online. But OPEC+ (the big oil-producing countries) pushed back their plan to raise oil production until January 2025. Countries outside of OPEC+ (like the U.S., Canada, and some in Latin America) are expected to increase oil production by 1.5 million barrels a day in 2024 and 2025.

Oil refining was more profitable in October because of some planned maintenance and fewer runs. Refineries are expected to process 82.8 mb/d of oil in 2024, with a small increase in 2025. The biggest increases will happen in countries like the U.S. and other non-OECD nations.

Global oil inventories (basically, the oil just sitting around in storage) dropped by 47.5 million barrels in September, hitting their lowest level since January. A lot of the decrease was in oil products in OECD countries and crude oil in non-OECD countries. Stocks are expected to keep falling in October.

Oil prices went up a little in October, hitting $80.90 per barrel at the start of the month, mainly because of tensions in the Middle East. But they dropped back to around $73 by the end of the month. Speculative trading (where investors bet on prices) is still at a low point, which is kind of odd.

The world isn’t using as much oil as it did right after the pandemic because the economy isn’t growing as fast, and people are using more renewable energy. But there’s still plenty of oil being pumped out, especially from countries like the U.S. and Brazil. Even though things are more stable now, there are still worries about things like geopolitical issues and unexpected supply problems that could mess with the market.

In short, oil demand is growing, but not as fast as it was a couple of years ago, and oil supply is pretty healthy, with OPEC+ trying to make sure everything stays balanced.

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Oil Market Report - November 2024 – Analysis - IEA

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Oil Market Report - November 2024 - Analysis and key findings. A report by the International Energy Agency.

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Gold and silver prices in India saw a decline on January 23, 2025, amid weak demand. The 24-carat gold rate dropped to ₹81,220 per 10 grams, while silver fell to ₹96,400 per kilogram. Prices vary across major cities like Mumbai, Delhi, Kolkata, and Chennai, with slight differences based on market trends. Factors influencing these fluctuations include global market trends, currency exchange rates, and seasonal demand, especially during festivals and weddings. Staying updated on these rates is crucial for buyers and investors.

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Image Source : FREEPIK Gold, silver prices on January 23.

Gold, silver prices on January 23: Gold and silver prices are closely monitored and keenly watched by many people in India, whether for buying jewellery, making investments, or keeping track of the market trends. These prices fluctuate on a daily basis, influenced by factors such as global market trends, the performance of the rupee against the dollar, and seasonal demand, especially during festivals and wedding seasons.

Take a look at the current gold and silver prices in key Indian cities.
Gold and silver rates today
The 24-carat gold rate in India was Rs 82,100 per 10 grams on January 23. The rate for 24-carat gold per gram is Rs 8,200. While the rate of 22-carat gold was Rs 75,260 per 10 grams. On January 23, 24-carat gold prices decreased to Rs 81,220 for 10 grams, while silver fell to Rs 96,400 per kilogram.
Gold rate in Mumbai on January 23
The Gold rate in Mumbai is Rs 82,100/10 grams today. On January 22, the gold was available for Rs 81,220/10 grams.
Gold rate in Delhi on January 23
On January 23, the gold rate in Delhi is Rs 81,220/10 grams for 24 carat. The gold was quoted at Rs 8,122/10 grams for 22 carat.
Gold rate in Kolkata on January 23
The gold rate in Kolkata was Rs 82,100/10 grams, today, January 23. The glittering metal was selling for Rs 75,260/10 grams for 22 carat.
Gold rate in Chennai on January 23
On January 23, the gold rate in Chennai was Rs 82,100/10 grams for 24 carat gold and 22 carat was priced at Rs 75,260/10 grams.

Silver rate in Mumbai on January 23

Silver rate in Mumbai was Rs 96,400/Kg on January 23, while it was priced at Rs 96,500/Kg on the previous day.
Silver rate in Delhi on January 23
The silver rate in Delhi was Rs 96,400/Kg on January 23. The price of silver for 10 gram Rs 9,640/gram on January 23.
Silver rate in Kolkata on January 23
Today, the silver rate in Kolkata is Rs 96,400/Kg and for 10 gram, it was priced Rs 9,640.
Silver rate in Chennai on January 23
The silver rate in Chennai today, January 23, is Rs 1,03,900/Kg and for 10 gram it is priced at Rs 1,039.

Factors which affect gold prices in India

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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Gold, silver prices on January 23: Precious metal rate fall amid weak demand | Check latest rates

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Gold, silver prices on January 23: In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

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The article outlines how a stronger than anticipated global recovery and a continuing rush in sanctions imposed on Russian oil exports are likely to drive crude oil prices higher. Countries are turning to alternative sources of Russia oil supply which thins out the global supply while improving demand due to recovery of their economies especially of key consumers such as China and India leads to an increase in the consumption of oil. The factors together create upward pressure on prices within the global market.

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Crude oil price outlook: Sanctions on Russian oil, improved demand outlook may boost prices

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Oil prices saw a strong start in 2025, with Brent oil rising over 9% in January. Factors such as fresh US sanctions on Russian oil, OPEC+ production cuts, soaring heating demand due to cold winter, and falling US stockpiles contributed to the price increase. China’s economic slowdown in 2024 kept prices relatively stable.

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Change in global demand for fossil fuels(Jeongwon)

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Change in global demand for fossil fuels(Jeongwon)

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For more than a century, fossil fuels has been expanding relentlessly. But, a remarkable shift will happen soon. The world’s leading energy agency now predicts that global demand for oil, natural gas and coal will peak by 2030 as the policies in countries have already adopted to promote cleaner forms of energy and transportation. Peak in fossil fuel use won’t be enough to stop global warming, the International Energy Agency said in its World Energy Outlook. Furthermore, Renewable energy sources such as solar, wind and hydropower could supply 50 percent of the world’s electricity, up from 30 percent today. Demand for coal, the dirtiest of fossil fuels, would start declining, though it might fluctuate year to year if, say, coal plants needed to run more often during heat waves or droughts

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Increased Ticket Prices for NFL Tickets to the Philadelphia Eagles' Games (Lucas)

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Increased Ticket Prices for NFL Tickets to the Philadelphia Eagles' Games (Lucas)

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With the NFL heading into the playoffs, ticket sales usually tend to rise as fans flock to their home teams' stadiums to show their support for their team and hopefully witness them win. This year, however, for most NFL teams, wild-card playoff tickets have seen a 6% decrease in ticket prices.

The Philadelphia Eagles are one of the few teams that are experiencing the opposite effect, with prices for their upcoming playoff wild-card home game being 58% higher than the last time they hosted a wild-card game.

The increased price can be explained by the high demand for tickets amongst Eagles fans, as there are numerous reason fans want to attend these playoff games over regular season games or playoff games in previous years. Namely, the Eagles are a strong candidate to win it all this year, meaning that fans would want to attend games to be able to witness their team win, show team spirit, and not miss out on a once-in-a-lifetime experience.

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Eagles fans are proving their legendary dedication once again, as tickets for Sunday's playoff showdown against the Green Bay Packers at Lincoln Financial Field have become the hottest commodity of wild-card weekend, according to a recent report.

While other NFL markets see relatively modest ticket prices this wild-card weekend - down 6% compared with last year - the demand for Eagles tickets stands out.

The playoff fever in Philadelphia is reaching new heights, with prices soaring 58% above the Birds' last wild-card home game in January 2020, when tickets for the Seattle Seahawks matchup averaged $268.

Birds fans are shelling out an average of $423 per ticket on the secondary market - making it the most expensive wild-card game this weekend, according to Victory Live, a ticketing technology company.

Only last year's Rams-Lions matchup, which drew $646 on average, has commanded higher prices in recent wild-card history.

Need a break? Play the USA TODAY Daily Crossword Puzzle.

For Eagles fans still hunting for tickets, here's how prices stack up across all wild-card games this weekend:

1. Green Bay Packers at Philadelphia Eagles: $423

2. Washington Commanders at Tampa Bay Buccaneers: $276

3. Minnesota Vikings at Los Angeles Rams: $248

4. Los Angeles Chargers at Houston Texans: $255

5. Pittsburgh Steelers at Baltimore Ravens: $216

6. Denver Broncos at Buffalo Bills: $210

FORMER EAGLE IS NOW A HORNET: DSU touts brighter football future as DeSean Jackson introduced as head coach You can contact Anitra Johnson at ajohnson@delawareonline.com.
These prices reflect average sales across major ticket marketplaces, not including additional fees. If you are planning to join the Sea of Green at the Linc this Sunday, be prepared to act fast - and bring your wallet.

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Eagles wild-card ticket prices soar. Here is how they compare with other playoff games

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Eagles playoff tickets are commanding premium prices in the secondary market for the NFL's wild-card weekend. See how high ticket prices are soaring.

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Increased Demand for Health Snacks (Lara)

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Increased Demand for Health Snacks (Lara)

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Recently in India, there's been an increase in demand for healthier snack foods, rather than the oily and salty varieties that were popular in the past. As a result, what used to be the most successful brands in the industry are now struggling to catch up, putting out new lines of health foods and lower-calorie options. However, their reputations as "junk food" brands has meant that these lines have been for the most part unsuccessful, forcing them to lower prices. Also in response to the demand, several new startups have begun to appear, and have quickly become competitive by riding the trend and cultivating a health-conscious reputation.

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How startups and legacy companies are milking the demand for nutritious snacks

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There’s been a seismic shift in the world of namkeen. Sugary and oily snacks are making way for healthy treats that claim to be tasty. Startups such as Farmley, Happilo and Open Secret have been riding the trend, while the old guard is playing catch up. We take you inside the battle for the belly.

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Many Americans believe the country is undergoing a recession (jasper)

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Many Americans believe the country is undergoing a recession (jasper)

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A recent report from Simon-Kucher highlights a significant shift in consumer behavior as cautious spending meets chronic shopping habits. Despite some signs of economic stabilization, over half of American consumers believe the country is in a recession, leading to a prioritization of essential spending over discretionary purchases. This trend indicates a potential slowdown in post holiday spending, as consumers tighten their budgets for 2025.

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High demand for Coldplay tickets (Kavya)

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High demand for Coldplay tickets (Kavya)

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Due to the popular music group, Coldplay visiting Asia (specifically Ahmedabad, India), the Demand for Coldplay tickets has exponentially risen. Tickets-wise, the prices remain high, yet due to non-price factors such as popular taste in music, advertising, etc, the quantity of tickets is rapidly getting sold out; To the point where Coldplay chose to announce an additional concert date. Hence, this has caused a rightward shift in the demand curve.

Moreover, due to foreign visitors to the concert, the prices of hotels and flights to Ahmedabad have also increased.

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A high price to pay for Coldplay paradise | Ahmedabad News - Times of India

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British rock band Coldplay’s upcoming concert in Ahmedabad has sent hotel prices soaring. Fans traveling to the city for the January 25th show are fac

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Apple iPhone 16 Pro sees lower demand than expected, iPhone 16 Plus pre-orders go up by 48% (Haerin Kang)

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Apple iPhone 16 Pro sees lower demand than expected, iPhone 16 Plus pre-orders go up by 48% (Haerin Kang)

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According to a new pre-order analysis by Apple analyst Ming Chi-Kuo, Apple is facing less demand for its iPhone 16 Pro models. The report in Medium by Kuo suggests that the first pre-week preorder figure of the iPhone 16 Pro Max is 16% lower compared to last year. The iPhone 16 Pro demand is even lower than the Pro Max, with a 27% drop.Interestingly, the demand for the standard iPhone 16 and the Plus models has significantly increased. The base iPhone 16 sees a growth of 10%, while the iPhone 16 Plus is the most demanded iPhone 16 model right now, as it sees an impressive 48% growth from last year. Kuo has also confirmed that the iPhone 16 series has been shipped to approximately 37 million customers, which is a 12.7% decline from 2023. He further mentioned that higher yields on the tetraprism camera (5x telephoto) are a key factor in Apple shipping more units of the iPhone 16 Pro Max than they did last year on the iPhone 15 Pro Max. However, he also believes that Apple could implement more aggressive iPhone product strategies in 2025 to stimulate market demand and see a growth in pre-order figures.

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Apple iPhone 16 Pro sees lower demand than expected, iPhone 16 Plus pre-orders go up by 48%

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The pre-orders for iPhone 16 Pro and iPhone 16 Pro Max are down by 16% and 27%, respectively, compared to last year’s pre-order figures. However, the base and the iPhone 16 Plus have seen a surge in demand.

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Europe's stunning high-tech luxury train - Rakesh.R

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Europe's stunning high-tech luxury train - Rakesh.R

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Recently, the GoldenPass Express has been inaugurated in Switzerland, aiming to connect Interlaken in the Bernese Alps to Montreaux in the Vaudois Riviera. This train is revolutionary as it solves an issue that has been plaguing the Montreux-Oberland-Bernois Railway (MOB) for over a century; the train can travel and transfer to different tracks of varying voltages and gauges, this was a major issue as the project previously hit a roadblock as the tracks between the two cities were not of the same width and voltage. Consequently, the inauguration of this train will increase the population of tourists in Montreaux and Interlaken as the two cities have been connected in a much more efficient and effortless manner. From an economist's perspective, the construction of this train will cause an outward shift on the demand curve, the nonprice factor being the population in this scenario. In addition, as the population of tourists increases exponentially, the demand for tourist souvenirs will inevitably rise as there are more tourists while the price and quantity have remained the same. Article Link

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Apple iPhones get a price drop with up to Rs 6,000 discount( Ju Yeon )

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Apple iPhones get a price drop with up to Rs 6,000 discount( Ju Yeon )

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Apple announced to drop the price of the iPhone, as new iPhone 16 is launched soon. Including iPhone 13, 14, and 15,the Rs 300 will drop for manufacture in India. With the factor of new iPhone launce, the price of other iPhone decreases but the demand for customer is staying stable. "The iPhone 15 Pro and iPhone 15 Pro Max, which were launched at Rs 1,34,990 and Rs 1,59,990 respectively, are now available for Rs 1,29,800 and Rs 1,54,000." It shows the dramatic change of cost with a higher demand.

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Apple iPhone price cut 2024: What are the revised prices?

Apple has announced a Rs 300 price drop for iPhones manufactured in India. These will also include the iPhone 13, iPhone 14 and iPhone 15 base variants. The iPhone 13, which was sold at Rs 59,990, will now be available at Rs 57,600. The iPhone 14, which was originally priced at Rs 69,990, is now available for Rs 69,600.

Similarly, the iPhone 14 Plus also gets a slashed price of Rs 79,600 instead of Rs 79,900. Lastly, iPhone 15 and 15 Plus get a price adjustment as well. The devices were initially priced at Rs 79,900 and Rs 89,900 but are now available for Rs 79,600 and Rs 89,600.
ALSO READ: Is your iPhone running slow? Here's how to fix it
However, this will be the first time Apple will lower the cost of its Pro models. This time around, the company has brought in a discount of Rs 5,100 and Rs 5,900 for the Pro and Pro Max variants.

The iPhone 15 Pro and iPhone 15 Pro Max, which were launched at Rs 1,34,990 and Rs 1,59,990 respectively, are now available for Rs 1,29,800 and Rs 1,54,000.

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Apple iPhones get price drop of up to Rs 6,000 | Croma Unboxed

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Apple iPhone 13, 14 and 15 and iPhone SE get significant discounts. Check out revised prices on Croma Unboxed.

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In South Korea, a strike by over 9,000 medical residents and interns has caused public opposition. The strike is against a government plan to increase medical school admissions by 48% to address a doctor shortage, especially in pediatrics.Doctors worry this will lower education quality and cut their salaries. The government says more doctors are needed due to an aging population and current shortages.The strike has led to care disruptions and increased support for the government’s plan, with some calling for tough actions against the doctors.

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Everyone agrees South Korea needs more doctors — except the 9,000 doctors on strike

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A strike by doctors in South Korea is testing the public’s faith in a healthcare system that has long been one of the world’s best.

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French economy gets boost in August from Olympics (Taerin)

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French economy gets boost in August from Olympics (Taerin)

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"The flash composite PMI (Purchasing Managers' Index) for August, which combines both the services and manufacturing sectors, rose to 52.7 points - a 17-month high - from 49.1 in July."

This summer, the Paris Olympics was held in France. Lots of people from other countries visited France to watch the Olympics in the scene, and this means that people who visit France will demand hotel, food, and souvenir much more than before. This increased population in France will have more demands. As a result, the demand curve will make a right shift.

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PARIS, Aug 22 (Reuters) - France's economy benefited in August from a pick-up in business due to the Olympic Games as a sharp upswing in the country's services sector offset ongoing weakness in manufacturing, a survey showed on Thursday.

The HCOB flash purchasing managers index for France's services sector, compiled by S&P Global, hit a 27-month high of 55.0 in August - up from 50.1 in July and beating a forecast for 50.3 in a Reuters poll.

Any figure above 50 points shows an expansion in activity, while below 50 indicates a contraction.

France, the euro zone's second-largest economy, has been banking on the Games to bolster its tepid growth rate. The country's statistics office has predicted a 0.3 percentage point boost from the Olympics, which ended earlier this month.

The flash composite PMI for August, which combines both the services and manufacturing sectors, rose to 52.7 points - a 17-month high - from 49.1 in July.

However, survey compiler S&P Global cautioned that the impact of the Olympics was likely to be temporary.

"Service providers will have benefited from the Olympic Games," said Hamburg Commercial Bank economist Norman Liebke.

"The one-off nature of this boost is evident in the worsening employment situation, weaker output expectations and declining backlogs of work," he added.

By contrast, France's manufacturing sector continued to weaken.

The flash manufacturing PMI figure for August stood at 42.1 - down from 44.0 in July and below a forecast of 44.4 in a Reuters poll.

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Reporting by Sudip Kar-Gupta Editing by Christina Fincher

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French economy gets boost in August from Olympics, PMI shows

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France's economy benefited in August from a pick-up in business due to the Olympic Games as a sharp upswing in the country's services sector offset ongoing weakness in manufacturing, a survey showed on Thursday.

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Ocean Ranching leading to a boom in Pink Salmon

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Ocean Ranching leading to a boom in Pink Salmon

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(Maya)

Ocean ranching has led to a significant increase in the supply of pink salmon. Economically, this can affect market prices. An increased supply of pink salmon could lead to lower prices, assuming demand remains constant. This impacts fishermen, seafood companies, and consumers. Changes in the ecosystem could affect other fisheries or have broader ecological consequences that might ultimately influence economic outcomes for various stakeholders.

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‘Ocean ranching’ has led to a pink-salmon boom — but there might be a catch

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Unintended interbreeding between hatchery-bred and wild-born pink salmon could reduce resiliency of fish stocks.

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Recently a group of researchers from Princeton universities plasma and nuclear department considered using AI to improve the effectiveness of nuclear fission reactors on the long run. Bringing Humanity one step closer to achieving an almost infinite energy source. This could diminish demand for fossil-fuel based energy sources even though hasn't been verified yet this will definitely be a consequence of achieving efficient nuclear fission.

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Avoiding fusion plasma tearing instability with deep reinforcement learning - Nature

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Artificial intelligence control is used to avoid the emergence of disruptive tearing instabilities in the magnetically confined fusion plasma in the DIII-D tokamak reactor.

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Demand for electric car's are increasing  (tharun) 

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Demand for electric car's are increasing  (tharun) 

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In the United States, EV sales reached a market share of 7.6 percent last year, and according to some estimates, that figure could climb to 67 percent over the next decade. With transportation accounting for more U.S. greenhouse gas pollution than any other economic sector, such a shift could go a long way toward fighting climate change.

Moreover in India, fuel prices have been rising steadily, which has forced people to look for more affordable options. As a result, demand for electric vehicles in India has increased rapidly. When compared to their fossil fuel alternatives, electric bikes and scooters provide a more cost-effective form of transportation due to their considerably lower operating expenses.

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From software developers and regional planners to vehicle assemblers and construction workers, jobs in the electric vehicle (EV) industry are on the rise. In the United States, EV sales reached a market share of 7.6 percent last year, and according to some estimates, that figure could climb to 67 percent over the next decade. With transportation accounting for more U.S. greenhouse gas pollution than any other economic sector, such a shift could go a long way toward fighting climate change. It would also generate job opportunities in what Mike Miller, a regional director for the United Auto Workers, describes as a rapidly developing part of the automotive industry. And it couldn't come sooner.

"Last year was the hottest year on record for the planet, and the negative effects of climate change are just getting worse," Miller says. "The way to make the EV transition go the fastest and be the most effective is to involve workers in the process."

As battery plants from Ohio to Nevada start operations, and automakers ramp up EV production, the number of new EV jobs and facilities announced in the U.S. auto supply chain has exploded, says Reem Rayef, a senior policy advisor at the nonprofit BlueGreen Alliance Foundation. Together with the consultant company Atlas Public Policy, the alliance runs the , an online resource that details EV manufacturing facilities along with the number of positions available at those locations.

"The transition to clean and electric vehicles and a cleaner economy is a huge opportunity to remedy injustices that underpin our current economy," Rayef says. "It would be a real shame if we didn't make sure that the people who are benefiting aren't just the folks who drive electric cars but are also the people who live in the communities where they're built and the workers who build them."

The road to the EV revolution

The reasons for the EV market's growth are manifold: consumer concerns about climate change; advances in battery technology that allow EVs to travel farther than ever on a single charge; increasing affordability ; and the growing availability of hundreds of EV models that appeal to a wider swath of customer demographics.

Legislation has also helped fuel the EV industry. Two laws passed in recent years-the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA)-both spurred investments in EVs. The BIL provides more than a decade of funding for EV charging infrastructure and offers grants to increase the amount of battery manufacturing taking place within the United States. Meanwhile, the IRA offers tax credits to consumers and incentives to manufacturers for domestic EV production. Since the IRA passed in 2022, companies have invested $85 billion in new EV and battery manufacturing and supply chain facilities, resulting in 82,000 new U.S. jobs, according to data from the EV Jobs Hub.

Stricter emissions standards for cars could also accelerate demand for cleaner vehicles. This spring, the U.S. Environmental Protection Agency plans to release its final emissions standards for cars and trucks, a move that could further incentivize manufacturers to focus on going more electric. Many automakers, such as General Motors and Volkswagen, have said they aim to produce only electric vehicles by 2035.

Because they promote innovation and technological advancements, "strong vehicle pollution standards are critical for securing automotive jobs in the United States," says Luke Tonachel , a clean vehicle advocate at NRDC. "The rest of the world is moving to cleaner vehicles, and U.S. manufacturers and workers will be left behind if they aren't making the technology here."

Though the industry has grown in fits and starts since the first EV cruised U.S. roads in 1890, these recent influences are helping to keep the EV market strong and secure, leading automotive companies, battery makers, and electric charging station installers to invest in the industry and the jobs necessary to keep it humming.

Where the jobs are

According to economists Javier Colato and Lindsey Ice from the U.S. Bureau of Labor Statistics (BLS), EV jobs can typically be found in three sectors: design and development; battery manufacturing; and charging network development and maintenance. In a 10-year forecast of the industry published last year, the economists detailed the kinds of EV jobs out there, the median annual salary, and the level of education needed for the positions.

Design and development

Software developers

As computer technology continues to become a bigger component in automobile manufacturing, the industry will need developers to help connect EV batteries to other components in the vehicle-for instance, the charge port and the electric traction motor, which controls the vehicle's wheels. These components require computer software, which differ from those in typical combustion engines that have a fuel pump or fuel tank. Colato and Ice estimate that the EV industry will need roughly 140,000 new software developers every year until 2031. People landing these jobs would likely need a bachelor's degree and make around $120,000 a year.

Electrical engineers

Designing and updating automatic brakes and battery management are just two reasons why the EV industry is in need of electrical engineers. About 7,800 available electrical engineering positions are expected each year. Such engineers would typically earn an annual salary of $100,000 and have a bachelor's degree.

Chemical engineers

These engineers work with materials needed in EV batteries (such as lithium or cobalt). They also find ways to more efficiently recharge batteries and recycle them after use. According to the economists, each year, there could be openings for about 2,000 chemical engineering jobs, which generally require a bachelor's degree and garner an annual salary of $105,000.

Battery manufacturing

Electrical, electronic, and electromechanical assemblers

These workers are responsible for assembling different components of electric motors, such as the temperature, pressure, and electrical current sensing equipment. Each position typically focuses on a certain type of equipment, like circuit boards or brakes. Nearly 33,000 jobs will likely open in this space each year over the next decade, positions that require a high school diploma or GED and pay around $38,000 per year.

Automotive manufacturing

The number of assembly line workers needed to put together electrical equipment and EV components is expected to grow nearly 3 percent by 2031. The BLS estimates that there will be more than 142,000 of these jobs available each year. Each one requires a high school diploma or GED and pays $36,500 annually.

Charging network development and maintenance

Urban and regional planners

One thing is certain: The growing number of EV drivers will need more places to fill up, which means we'll need to rely on a workforce dedicated to expanding the network of chargers. The responsibilities of these planning positions include identifying where to install charging stations so that they're convenient and close enough together, with equitable access for all drivers . Over the next decade, nearly 4,000 of these jobs could open up annually. Planners require a master's degree and make $78,000 a year.

Electricians

Not surprisingly, electricians are crucial in getting electricity where it needs to be for EVs to power up. This includes running electrical wires and installing charging stations along roads and highways and in apartment complexes, shopping centers, and garages. Different stations and buildings have different needs, making electricians who have been trained and certified in the practice to be in ever-increasing demand as more and more places offer parking spaces to vehicles that need to charge. The BLS estimates that each year there will be nearly 80,000 openings for such electricians, who will need a high school diploma or GED and likely get paid $60,000 annually.

Power line installers and repairers

Transmission and distribution lines connect charging stations to the grid, and those who install them may also need to fix and upgrade them. As many as 11,000 of these jobs, which require a high school diploma or GED and pay nearly $83,000 annually , could be created each year.

Construction laborers

These jobs are for those who dig, bore, and backfill to prepare areas for charging stations. The BLS predicts 143,000 openings for this job category each year. Such positions require no formal education and pay about $40,000 a year.

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As Demand Grows for Electric Cars, So Does the Market for Green Jobs in the EV Industry

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Analysts expect openings for all types of electric vehicle jobs to expand over the next decade, with new opportunities across the country.

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Surging Prices for IPL Tickets! - Aarnav 

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Surging Prices for IPL Tickets! - Aarnav 

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In 2024, The Indian Premier League's (IPL) 17th tournament saw one of the largest cases of high demand low supply; especially for the matches that featured popular teams and star players.

The matches featuring teams such as the Royal Challengers Bengaluru (RCB), Chennai Super Kings (CSK), and Mumbai Indians (MI), saw a large fan interest. The prices of said tickets reached an all-time high of 53,938 inr (650 USD).

The IPL Board used the popularity of teams and players to market their tickets to the fanbases. However, as the price of these tickets rose, only fans who were eager to spend the money actually bought the tickets, leading to a decrease in quantity of tickets, and a movement up the demand curve. (Non-price factor: change in taste)

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Festive season to boost gig rider demand by 40% on quick commerce platforms (Samriddhi)

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Festive season to boost gig rider demand by 40% on quick commerce platforms (Samriddhi)

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Since the festive season is nearing for this year it is predicted that there will be an increase in demand for gig delivery riders who are basically delivery people for ecommerce websites such as Swiggy, Instamart, Zepto, Blanket, etc. In general the demand is expected to rise for the delivery people, but it is expected to rise upward of 40% during 'peak days' in the festive season. These gig delivery workers will get additional compensation and incentives for completing a certain number if order per day or surge bonuses and by getting referrals. However, the downside is that they will be expected to work long hours during festivals and holidays.

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The demand for gig delivery riders on quick commerce platforms like Blinkit, Swiggy Instamart, and Zepto could increase by 40 per cent on peak-demand days during the festive season. The overall home delivery sector is expected to hire an additional 1-2 million gig riders during this period, according to a report by The Economic Times.

Ecommerce and food delivery platforms are expected to recruit about 20 per cent more gig riders for the peak festive season.

The report quoted Balasubramanian Anantha Narayanan, senior vice-president at manpower solutions firm TeamLease, indicating that currently quick commerce employs around 300,000-400,000 riders, whereas ecommerce and food delivery sectors have a much larger workforce of 4-5 million gig riders, with approximately two-thirds of them engaged in the ecommerce sector.

He said quick commerce currently accounts for a small portion of overall demand, but it is growing rapidly.

The report quoted executives as saying that a portion of this rising demand is likely to be met by riders who will take on gig work temporarily during the festive season.

Riders eye festive windfall

Delivery workers are expecting an increase in their earnings during the upcoming festive season, driven by higher demand and peak-hour bonuses, the report said.

According to riders for quick-commerce platforms in major cities like Bengaluru, Delhi, and Hyderabad, they typically earn between Rs 20 to Rs 30 per order. This amount varies based on the size of the order and the distance travelled. In addition to their per-order earnings, riders receive surge bonuses during periods of high demand, as well as incentives for completing a specific number of orders or hours worked. They can also earn financial rewards for referring recruits, especially during peak season.

Surge benefit boost pay

The news report quoted a Swiggy Instamart delivery worker in Hyderabad of receiving an extra Rs 15 per order as 'surge benefit' during peak hours recently. Meanwhile, a Blinkit delivery worker in Delhi mentioned earning an additional Rs 13 per order during peak hours on recent festive days.

Moreover, delivery workers can earn extra incentives by surpassing a certain number of completed orders or by working a specified number of hours, the report said.

The Instamart worker mentioned earlier earned Rs 1,200 from completing 22 orders recently, averaging about Rs 54 per order. Meanwhile, a Blinkit worker in Delhi made Rs 1,800 from 32 deliveries on the Rakhi festival, amounting to Rs 56 per order.

Long hours, few rewards

However, achieving such earnings often requires 'unrealistic and grueling' work, with delivery workers putting in 12-14-hour shifts, the report said. The report quoted Shaik Salauddin, president of the Indian Federation of App-Based Transport Workers, saying that the platforms should offer workers basic business assurances, increased pay, and additional benefits.

"When everyone is home with their family during the festive season, the delivery worker is out there on the roads. The platforms should understand this and provide better benefits during this period," he said, as quoted by the report.

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indian federation of app-based transport workers

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Gig Worker Demand Rise: Festive season to boost gig rider demand by 40% on quick commerce platforms

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Gig Worker Demand Rise in Festival: The quick and ecommerce sector is expected to expand its workforce by hiring an additional one to two million gig riders throughout the upcoming festive season

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India's Silicon Valley Faces a Water Crisis That Software Cannot Solve! - Aarnav 

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India's Silicon Valley Faces a Water Crisis That Software Cannot Solve! - Aarnav 

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https://www.nytimes.com/2024/03/31/world/asia/india-bangalore-water.html

In March of 2024, Bengaluru experienced a huge water shortage; Schools and homes lacked water to flush toilets, RO systems have been turned off leaving the people with bottled alternatives, as well as the postponement of showers and other homely appliances. This problem was caused due to a lack of investments in the existing sewage system and water management, as much of the funding is put towards technological expenditures.

This circumstance has led to approximately 10 million people demanding high amounts of water. The article notes that the shortage has increased costs for residents and businesses, as they must rely on expensive private water suppliers.

I believe an economist would model this situation using the above demand curve. Note, this circumstance is a movement up the demand curve:

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India’s Silicon Valley Faces a Water Crisis That Software Cannot Solve

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Bengaluru gets plenty of rain. But the city did not properly adapt as its soaring population strained traditional water sources.

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Concerns over rice shortage growing in Japan amid higher demand - ayane

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Concerns over rice shortage growing in Japan amid higher demand - ayane

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Japan's rice shortage is significantly increasing due to rising demand caused by disaster expectations. Consumers are trying to stockpile rice after the warning of the increased risk of a megaquake issued by the weather agency earlier this month (Aug 2024). Both online and physical store shelves are observed to be either empty or priced excessively high. Rice prices jumped 18% higher compared to last year, the biggest rise in 20 years.

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Companywide profit increased, the result of hit movies and streaming growth. But Disney said softening theme park demand “could impact the next few quarters.”

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Disney’s Parks Struggle, Exposing a New Trouble Spot -Shuma

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Disney’s Parks Struggle, Exposing a New Trouble Spot -Shuma

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Due to the inflation of America and the decrease in income lead to the decrease to the usage of money at Disney. We focus on the the decrease of income. Disney needs $60 million for the next decade to expand their company. However, due to these decrease of income of American citizens, Disney is struggling to collect this money.

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Global EV Sales are soaring in quarter 2 of 2024. Due to the petrol vehicle sales declining steadily in China for the last 5 years the sales of electric vehicles have finally started to boom as the Chinese market adapts to the widespread availability of new electric vehicles and their exciting features.

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Credit: Shutterstock.com

Global electric vehicle (EV) sales reached an all-time high in the second quarter of 2024, with a 19% increase from the first quarter, according to New AutoMotiv e's Global Electric Vehicle Tracker. Nearly 2.6 million EVs have been sold globally since May 2024, with China's domestic market driving much of this growth.

In China, petrol and diesel vehicle sales have been declining for five consecutive months, with a 20% decrease in June compared to the same month last year. This trend suggests that internal combustion engine (ICE) vehicles could become obsolete by 2028.

The US also experienced significant growth, with Q2 sales up 12% from Q1. Over 1.15 million EVs were sold in the US in the year to June, an increase of 200,000 from the previous 12 months.

In Europe, tariffs on Chinese EVs have not yet affected the market, with 80% of EU countries seeing an increase in EV sales between May and June. Despite policy challenges, both Germany and the UK reported their highest EV market shares since December 2023, with EV sales in June accounting for 15% and 19% of their respective markets.

This progress aligns the UK with the International Energy Agency's (IEA) forecast, which predicted the country's combined EV and plug-in hybrid market share would reach 25% by the end of 2024. UK car sales have already achieved this level, while continental Europe and the US trail at 18% and 9%, respectively.

Emerging markets also showed robust growth, with EV sales in Thailand, India, Brazil, Chile, and Mexico collectively more than doubling in the year to June compared to the previous 12 months. These markets are on track to surpass the UK's EV sales by the end of the year.

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By GlobalData
UK election - BEVs must be at the heart of strategy for autos

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Global EV sales hit record high in Q2 2024: New AutoMotive

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EV sales reached an all-time high in Q2 2024, with a 19% increase from Q1, according to New AutoMotive's Global Electric Vehicle Tracker.

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Ever since customers started buying tablets, at the same time, the demand for laptops have gone down significantly. This is an example of price of unrelated goods changing the demand of a certain product.

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Motel Room Price Fluctuation - Thomas Benson

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Motel Room Price Fluctuation - Thomas Benson

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Recently, two escaped convicts, Casey and Vicky White, stayed in room 150 of Motel 41 during their escape, turning this room into a tourist attraction. With the increased level of demand for this hotel room, motel managers took notice, raising the price of the room 19%.

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This Motel Room Is 19% More Expensive Than the Other Rooms

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There’s been a sudden increase in demand for a single motel room in Evansville, Indiana. Some people have some really interesting preferences.

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Lithium Market Update: Elevated Prices Are Creating Favorable Dynamics for Miners -Doeon

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Lithium Market Update: Elevated Prices Are Creating Favorable Dynamics for Miners -Doeon

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https://www.globalxetfs.com/lithium-market-update-elevated-prices-are-creating-favorable-dynamics-for-miners/#:~:text=Annual%20lithium%20demand%20is%20projected,from%20about%2055%25%20in%202021.

In recent years in 2022, consumer demand for electric vehicles has increased significantly due to the government's accommodative policies, reduced costs, consumer preferences, and technology improvements. Then, the price of lithium, which is essential for electric vehicle's batteries, increased by 123% from the previous year.

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In October 2022, prices for battery grade lithium carbonate in China hit an all-time high of $74,475 per tonne, eclipsing the record set just a month prior. ¹ Lithium pricing trends are deeply rooted in the transportation segment's ongoing shift toward electrification. In recent years, accommodative government policy, declining costs, consumer preference, and technological improvement have supported rapidly increasing adoption of electric vehicles (EVs). So far lithium supply upgrades have not kept pace with this surge in demand. As a result, we expect the lithium market balance to tilt toward a supply deficit for several years, presenting opportunities for the mining companies that dictate supply.

Key Takeaways

Surging demand for EVs and the inelastic nature of lithium supply are the primary drivers behind the increase in lithium prices in 2022.

Supply is unlikely to grow in lockstep with demand through the first half of the decade, likely generating deficits that could support elevated lithium pricing.

Elevated lithium pricing has generally translated into strong results for lithium miners in recent quarters, including Albemarle, SQM, and Ganfeng.

EV Sales and Inelastic Supply Likely to Support Lithium Prices

Lithium prices have surged 123% year-to-date and are up as much as 10x versus historical levels, according to the Benchmark Minerals Intelligence lithium price index. ² As momentum accelerated toward EVs in recent years, so too did aggregate demand for lithium. On average, the lithium-ion battery packs found in EVs contain about 9kg of lithium, thousands of times more than most consumer electronics. ³ Global EV sales doubled from 3.3 million units to 6.6 million units between 2020 and 2021 and are expected to increase by another 52% in 2022. ⁴

Meanwhile, lithium miners have been unable to scale supply as rapidly. Depending on the method of extraction, bringing new capacity online can take 3-5 years or more. ⁵ This time is needed to conduct studies, secure permitting, raise capital, and deploy capital before any lithium is produced. As such, it is challenging for miners to react quickly to rising demand without considerable preemptive efforts.

Historically, miners have also been hesitant to boost production, fearing what flooding the market with supply could do to lithium prices. This scenario occurred between 2015 and 2018 when miners hiked lithium production in anticipation of rapid EV sales growth in the immediate term. This speculation turned out to be premature, leading to lithium price volatility during that period. We believe the current favorable lithium pricing environment and now well-established EV adoption trends have made miners more inclined to commit to ramp future capacity.

Market Balance Forecasts: Lithium Demand to Outpace Supply Through 2025

Annual lithium demand is projected to reach roughly 1.5 million metric tons of lithium carbonate equivalent by 2025 and over 3 million tons by 2030. ⁶ This 2025 forecast calls for triple the demand seen in 2021. ⁷ EVs could account for about 84% of total lithium demand in 2030, up from about 55% in 2021. ⁸ Consumer electronics, energy storage, and other industrial applications are likely to account for the balance of demand. Over the longer run, demand for lithium is forecast to far exceed the scale of the industry's capacity today. More lithium could be needed on a monthly basis in 2040 than all of the lithium mined in 2021. ⁹

Lithium supply is likely to lag lithium demand through the first half of the decade. In the short term, notable lithium mining capacity is set to come online in late 2023 and early 2024. ¹⁰ These new projects could cut into the deficit in 2023, but surging EV sales are expected to result in sizeable shortages again in 2024 and 2025. ¹¹ By 2025, EVs could account for more than 20% of global light duty vehicles sales, up from 9% in 2021. ¹² This degree of EV adoption is expected to hold lithium prices in ranges comparable to 2022 levels until the market stabilizes around 2026, according to miner Sigma Lithium and Benchmark Mineral Intelligence. ¹³ Likewise, even after more projects bring resources to market later in the decade, lithium prices could remain above historical averages. ¹⁴

Solid Earnings and Guidance Encouraging Miners to Boost Future Supplies

Elevated lithium prices have boosted the top and bottom lines for relevant miners. Albemarle, one of the top suppliers of lithium, issued guidance in Q2 2022 that recognized lithium prices could increase 225-250% for fiscal year (FY) 2022, which could correspond to 5x year-over-year (YoY) earnings per share (EPS) growth. ¹⁵ Similarly, Chilean lithium producer Sociedad Quimica Y Minera de Chile (SQM) reported that Q2 2022 revenue more than doubled year over year. ¹⁶

Along with strong earnings outcomes, several prominent lithium miners recently announced capacity expansion ambitions:

Albemarle: During a Q3 2022 U.S. processing plant announcement, Albemarle unveiled a goal to increase overall lithium capacity fivefold to 500,000 tonnes by 2030.¹⁷

SQM: In Q2 2022, SQM announced a lithium carbonate production goal of 210,000 tonnes by early 2023, more than double 2021 levels.18,19

Ganfeng: In Q3 2021 Ganfeng announced a plan to boost lithium carbonate capacity fivefold to 600,000 tonnes on an undefined timeframe.²⁰

Governments trying to build out lithium and EV supply chains are also incentivizing lithium producers to increase capacity. For example, Albemarle will receive $149.7 million and Piedmont Lithium $141.7 million in federal grants from the Infrastructure Investment and Jobs Act to develop lithium facilities in the United States. ²¹

We view this increased willingness to expand future lithium supplies as a positive development for the EV space, with the commitments made now potentially promoting healthier market dynamics in the coming decades. However, even with these recent commitments, growth in demand for lithium is expected to outpace supply for some time.

Conclusion

The lithium market remains red hot, even as broader commodity markets have moderated in the latter stages of 2022. Used in most of the world's batteries, this specialty chemical's importance to the global economy is likely to continue. The electrification of transportation, highlighted by the mass adoption of EVs, is the major reason why. For lithium miners, we expect strong demand coupled with lithium's long supply lead times to sustain a favorable pricing environment for a prolonged period.
Related ETF
LIT: The Global X Lithium & Battery Tech ETF invests in the full lithium cycle, from mining and refining the metal, through battery production.
Click the fund name above to view current holdings. Holdings are subject to change. Current and future holdings are subject to risk.

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Lithium Market Update: Elevated Prices Are Creating Favorable Dynamics for Miners

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In October 2022, prices for battery grade lithium carbonate in China hit an all-time high of $74,475 per tonne, eclipsing the record set just a month prior. 1 Lithium pricing trends are deeply rooted in the transportation segment's ongoing shift toward electrification.

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Champions League final tickets soar to £9,000 EACH on the eve of Liverpool's showdown with Real Madrid

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Champions League final tickets soar to £9,000 EACH on the eve of Liverpool's showdown with Real Madrid

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The news above discusses about UCL Final tickets soaring in the eve of match between Real Madrid vs Liverpool. At the end of ticket selling officially, there are less tickets but many people who wants to buy the tickets so some people resells by increasing the price of tickets and there are fans who are buying it because their passion about their team is really strong.

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Champions League final tickets soar to £9,000 EACH

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Liverpool and Real Madrid both received allocations of 20,000 tickets for the final in Paris but many more are keen to grab a ticket, leading to eye-watering prices on popular re-sale websites.

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The price of mask soaring due to covid 19 pandemic

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The price of mask soaring due to covid 19 pandemic

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The above Korean News discusses about event that the price of mask soaring during COVID 19, it was because to prevent covid, they need to wear good quality masks like KF94 however people purchase too much masks so that causes the mask companies to increase the price of the masks 5 times higher. So middle and high class people are not suffering a lot however low class people are suffering from the price so they are washing the masks and using it.

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폭등하는 마스크 가격…청년·저소득층은 어쩌나/ 연합뉴스 (Yonhapnews)

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The median cost of a dozen eggs in the U.S. remains $4.25—over twice what it was a year ago. The industry narrative has largely focused on a historic outbreak of avian influenza, which has killed tens of millions of egg-laying hens — as the primary driver of those higher prices. Avian influenza does occur from time to time and has been associated with human death in Asia, Africa, Europe, the Pacific and, while rare, some cases of the avian flu have caused illness in North America, says the CDC. As consumers wind down their egg consumption after the holidays, egg prices will begin to lower as egg producers have more time to stock up and focus on how to deal with the avian influenza virus before the next holiday.

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Egg prices rose 60% in 2022. One farm group claims it’s a ‘collusive scheme’ by suppliers

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Egg prices soared to historic levels in 2022, and one farmer-led advocacy group is alleging the trend is due to price fixing by leading producers.

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U.K. shoppers cut back on spending as inflation takes its toll (Luca)

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U.K. shoppers cut back on spending as inflation takes its toll (Luca)

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Due to the recent inflation rates in the United Kingdom consumers and everyday customers have significantly cut down on spendings. This sudden urge to buy only necessities came following an economic predicament in the UK where the cost for living and other commodities rose to an all time high. The numbers of shoppers and the steady downslope spending was a first since 1977. Consumers For example food sales fell by 0.3% in December and non-food sales fell by 2.1% as a response to the rising costs.

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January 20, 2023 03:44 pm | Updated 03:44 pm IST - LONDON

Inflation-pinched British consumers cut their shopping by the most in the key month of December in at least 25 years, official data showed on Friday, dashing hopes for a Christmas boost for the country's flagging retail sector.

Sales volumes were down by 5.8% compared with December 2021, the biggest fall for that month in records going back to 1997, and the ninth month in a row that they fell in annual terms.

Sales unexpectedly fell by 1% from November, the Office for National Statistics said, confounding a forecast for a 0.5% monthly increase in a Reuters poll of economists.

Olivia Cross, with consultancy Capital Economics, said the surprise fall suggested that some of the resilience seen in the economy in late 2022 petered out in December.

"What's more, we think the bulk of the drag on activity from high inflation and rising interest rates has yet to be felt," she said.

A survey showed a first drop in three months in consumer confidence in January which fell back close to its lowest level since at least 1974.

Britain's economy is widely expected to fall into a recession.

Retail sales volumes fell by 3.0% in 2022, their worst full-year performance since at least 1997.

Heather Bovill, ONS deputy director for surveys and economic indicators, said food sales had risen in November as shoppers stocked up early for Christmas, but they fell again in December with supermarkets linking the drop to the rising cost of living.

Food sales fell by 0.3% in December after a monthly rise of 1.0% in November. Non-food stores sales volumes fell by 2.1%.

In terms of value, overall spending was down by a month-on-month 1.2% from November.

Growth Plan

On Thursday, Bank of England Governor Andrew Bailey sounded a more hopeful note, saying recent falls in inflation were "the beginning of a sign that a corner has been turned."

Nonetheless the BoE is expected to raise interest rates for a 10th time in a row on Feb. 2.

Helen Dickinson, chief executive of the British Retail Consortium, said retailers and customers still faced cost pressures but the situation would improve in the second half of 2023.

Christmas trading updates from Britain's biggest retailers, including Tesco, Sainsbury's and Marks & Spencer, were better-than-expected with shoppers returning to stores at the expense of online a key trend.

The ONS said online sales fell in December with strikes by postal workers a factor.

Online retailer Boohoo reported an 11% revenue drop over Christmas, hurt by the strikes.

The increased cost of living hit higher-end retailer Ocado in results announced earlier this week.

Tesco's chairman, John Allan, said Friday's figures underscored the need for a long-term economic growth strategy.

"What we'd love to see from government is a really serious, thought-through, long-term growth plan," Allan told BBC radio.

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U.K. shoppers cut back on spending as inflation takes its toll

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January 20, 2023 03:44 pm | Updated 03:44 pm IST - LONDON Inflation-pinched British consumers cut their shopping by the most in the key month of December in at least 25 years, official data showed on Friday, dashing hopes for a Christmas boost for the country's flagging retail sector.

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Charging infrastructure needs big push as EV adoption grows in India (Luca)

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Charging infrastructure needs big push as EV adoption grows in India (Luca)

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Due to the rising popularity of electric cars in India the demand for proper infrastructure for electric vehicles has also grown. In India since 2020 electric car sales have grown exponentially thanks to their greener effects and continue to do so, although as this sector of infrastructure in India is relatively new, commodities such as charging stations and battery swap stations are not enough to support the current popularity of electric cars. The government of India has since acknowledged the possible issue and has worked closely with companies who specialise in electric cars and their maintenance to build some 10,000 facilities around India to furthermore support the rising demands. There are a few demands that are mentioned in the article ranging from the demand of infrastructure for electric cars and electric cars themselves. If we were to look at a possible graph for the demand for these facilities we would see a shift in the demand line.

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Agencies

To help India realise its EV dream, creating a vast network of public stations and community charging stations (in societies) in key metro cities is a daunting task and at the moment, the country stares at a huge gap as EV adoption increases, especially in the two-wheeler segment.

According to the Ministry of Power guidelines, the EV charging infrastructure is categorised in five broad areas.

These are Electric Vehicle Supply Equipment (EVSE), Public Charging Stations (for the masses), Battery Charging Stations (where the discharged or partially discharged batteries for EVs are recharged), Captive Charging Stations (exclusive stations owned or under the control of owners of the charging station), and Battery Swapping Stations (where any electric vehicle can get its discharged battery or partially charged battery replaced by a charged battery).

The fact is that at the end of 2022, India had 2,700 public charging stations and 5,500 charging connectors.

The country is likely to have 10,000 public charging stations by the end of 2025, according to Counterpoint Research.

The country may require some 20.5 lakh charging stations by 2030 - a mammoth task that has to be complemented with a surge in EV sales till that time.

Raghav Arora, Co-Founder and CTO of EV charging solution provider Statiq, told IANS that as the demand for EVs grows exponentially the need for public and community charging stations will also rise.

"Having personal charging stations with the optimal load to charge your vehicle will not be feasible. As the industry and the services mature the demand for such accessible, affordable and reliable charging will also rise," he said.

Statiq said it has a network of more than 7,000 chargers in over 60 cities to date, and plans to install 20,000 EV chargers across the country in FY23.

"We are working with PSUs and corporates to cater to their demand of EV charging solutions and its upkeep. We are working with EV fleets as well to enable the right solutions to ensure they ply seamlessly in their areas of operation. We are setting up community charging stations in societies in metro cities at no cost," Arora said.

EV sales in India have been hitting a record high every year since 2020, showing the changing mindset of people towards electric mobility.

"By 2025, the market share of electric passenger vehicles in India is expected to increase to more than 6 per cent. In terms of EV adoption, the three-wheeler segment is leading the market with a 4 per cent share, followed by two-wheelers (3.5 per cent) and passenger vehicles (1.3 per cent)," Soumen Mandal, senior research analyst, IoT, automotive and devices ecosystem at Counterpoint, told IANS.

The government has been supporting the EV industry through schemes such as FAME1 and FAME2 with a major focus on charging infrastructure.

It has set a target to electrify 70 per cent of all commercial vehicles, 30 per cent of private cars, 40 per cent of buses, and 80 per cent of two-wheeler and three-wheeler sales by 2030.

Sohinder Gill, CEO, Hero Electric, told IANS that the company is focused on strengthening the EV charging network by partnering with many EV tech companies like Statiq, BOLT, Charzer, Massive Mobility, and Log9 Materials to install over 1 lakh charging points across India.

"Further, we intend to tap into that infrastructure in terms of joint development of vehicles there, using sensibilities from the Indian market and our R&D capabilities for the electrification of the mobility segment in India," Gill said.

According to JMK Research, in terms of the type of charging, "India's EV market currently has limited capabilities for fast-charging EVs".

"However, going forward, public fast charging, complemented by AC chargers of capacity ranging from 3-22kW at workplaces, shopping malls, and restaurants will be needed to support the charging infrastructure in India," it added.

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Charging infrastructure needs big push as EV adoption grows in India

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To help India realise its EV dream, creating a vast network of public stations and community charging stations (in societies) in key metro cities is a daunting task and at the moment, the country stares at a huge gap as EV adoption increases, especially in the two-wheeler segment.

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Chinese migrants' increasing demand for housing property in Korea destroys Korean citizens' economies. (Rachel)

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Chinese migrants' increasing demand for housing property in Korea destroys Korean citizens' economies. (Rachel)

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Although human desires are infinite, resources are finite. Land, which is one of the Factors Of Production is a natural resource that is especially scarce in China due to overpopulation. Thus, Chinese began migrating to a neighbouring country, Korea in order to purchase real estate. Chinese ownership has increased 11.1times from 2022 to 2020. The increasing demand, unlike the law of demand, has increased the housing prices even further in Korea which made it really difficult and unaffordable to large number of Koreans especially in Seoul.

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Increasing Chinese property purchases concern Koreans

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Chinese buyers are increasing real estate purchases in Korea, leading to concerns among some Koreans who are suffering from soaring housing prices. According to data from the Ministry of Land, Infrastructure and Transport submitted to Rep. Hong Seok-joon of the main opposition People Power Party, foreigners owned 157,489 real estate properties as of 2020, which is 2.2 times more than 2011.

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The COVID-19 pandemic has decreased worldwide demand for coffee. (Rachel)

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The COVID-19 pandemic has decreased worldwide demand for coffee. (Rachel)

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Coffee has been the product that consumers have consistently demanded. Since 2011, the coffee consumption rate has been stable. In fact, before the pandemic, cafes and restaurants accounted for approximately 25% of the coffee demand. However, due to the COVID-19 pandemic, the demand for coffee has shown an exponential decrease although the price of coffee has stayed the same. This phenomenon is known as the non-price factors of demand: a change in income, population, tastes and fashions, price of related goods, and expectations of future prices. In this situation, the population in particular has been the major cause for shifting the demand curve to the left and to below.

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The world of work-from-home and social distancing has left cafes and coffee shops in the dust. Coffee consumption is estimated to drop worldwide for the first time since 2011, USDA is predicting. Before the pandemic, cafes and restaurants accounted for nearly 25 percent of the coffee demand, Bloomberg reports. The decline in demand for coffee also has a rippling effect on the 125 million people across the globe who rely on the bean for their livelihood. While some regions are beginning to reopen for business, a second (or third, or fourth) wave of infections may set back their endeavors.

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There is a decline in demand for coffee as workers stay at home

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The world of work-from-home and social distancing has left cafes and coffee shops in the dust. Coffee consumption is estimated to drop worldwide for the first time since 2011, USDA is predicting. Before the pandemic, cafes and restaurants accounted for nearly 25 percent of the coffee demand, Bloomberg reports.

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Demand for coal increases as harsh weather hits India - Uwe

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Demand for coal increases as harsh weather hits India - Uwe

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Due to surges of extreme temperatures in India, the demand of coal to sustain power plants has greatly increased, causing federal reserve inventories of coal to quickly disappear. these shortages will result in power outages across all of India, leaving millions without basic resources. The government recommend at least 24 days of supply to prevent these problems, but records are showing only 12 days.

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IANSHINDI

India's power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said.

A steady rise in industrial electricity use in recent years has left utilities in India, one of the world's fastest growing major economies and the second-largest coal consumer and importer, with limited leeway to confront extraordinary demand or hiccups in supply.

Additional buying by India on the world market, where it gets nearly a quarter of its coal, could also support global coal prices, along with top importer China's push to ramp up industrial activity after it eased its strict COVID 19-related restrictions. Prices have cooled since hitting a record high in June, due mainly to a warmer-than-expected European winter.

India's record domestic output of coal has eased tight inventories at power plants, to an average 12 days' supply at the end of 2022 from nine days when the current fiscal year began last April.

But stocks are still far below federal guidelines that recommend at least 24 days' supply as a buffer against the sort of power outages India suffered last year and the year before.

"Even now, about 31% of the total coal-based capacity is facing critical coal shortages," said Abhishek Rakshit, a Senior Research Analyst at Wood Mackenzie.

India's coal-fired plants, which account for more than 70% of national power output, may have to increase imports by 50% to 60% in April-December 2023, said Hetal Gandhi, Director of Research at CRISIL Market Intelligence and Analytics, if they are to "avert a possible crisis".

Coal imports by Indian utilities more than doubled to 42 million tonnes during the first eight months of this fiscal year from April, compared with the year-ago period, despite an 11.9% increase in domestic coal supplies to utilities.

While the government this month lowered its economic growth forecast for this fiscal year to 7%, India is still one of the best performers among G20 economies and its industrial activity has been particularly resilient, driving increases of about 14% in electricity generation in November and December versus average annual growth of 9.6%, government data showed.

Coal-fired generation accounted for an outsized portion of that increase, rising about 15% during the two months.

Extreme weather conditions have put an additional strain on power supplies. A scorching heatwave in April and severe cold in northern India towards the end of December triggered sudden surges in electricity use, and have made forecasting of coal and power demand difficult.

"There are risks that (coal) demand could be higher due to a hotter summer and/or stronger than currently expected industrial growth in the country in 2023," Girish Madan, Director at Fitch Ratings, said.

India's coal inventories were depleted rapidly in recent years, which government officials have cited when advocating for imports.

Coal stocks at power plants slipped as low as four days, or 8 million tonnes, in September 2021, compared with 15 days in June that year, resulting in a crippling power crisis in October 2021. In less than six months, India faced another power crisis that was its worst in six and half years.

Disruptions to coal supply lines due to rail car shortages have compounded the problem, limiting the effectiveness of increased domestic coal production.

Trains made available by the Indian Railways to Coal India, which produces 80% of India's coal, have fallen short of monthly targets for at least 21 months, government data shows.

"In the last two years, Indian Railways have increased trains supplied per day. But that has not been enough to catch up with rising demand," said Ashis Pradhan, an analyst at Rystad Energy.

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India to boost coal imports to cope with harsh weather, freight snags

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l prices, along with top importer China's push to ramp up industrial activity after it eased its strict COVID 19-related restrictions. Prices have cooled since hitting a record high in June, due mainly to a warmer-than-expected European winter.

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Demand is increased by heat and covid in Exeter hospital(Hoseop Kim)

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Demand is increased by heat and covid in Exeter hospital(Hoseop Kim)

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All medical teams in Exeter hospital face lack of hospital rooms and nurses who can take care patients due to the Covid. In this case, so many patients(demand) overwhelm hospital.

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Heat and Covid causing increased demand in Exeter hospital

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One consultant said he saw "one of the worst nights of my entire career" this week.

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COVID-19 in China: Panic Buying due to Governmental Restrictions (Jihwan)

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COVID-19 in China: Panic Buying due to Governmental Restrictions (Jihwan)

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Brief Explanations:
As COVID started primarily in China in 2019, its economy was significantly impacted drastically. As a result of the Chinese government's restrictions on in-person contact for both businesses and consumers, people started to buy more than they would normally do (which is an example of panic buying). This ultimately has created a sudden increase in demand which created a shift in demand through a higher price created by scarcity (limited resources).

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But now the country has eased track-and-trace rules, and has allowed people to self-isolate at home and self-test for the virus, people appear to be panic-buying medicines in anticipation of a winter wave.

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China Covid: 'Panic-buying' and shortages as restrictions are eased

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But now the country has eased track-and-trace rules, and has allowed people to self-isolate at home and self-test for the virus, people appear to be panic-buying medicines in anticipation of a winter wave.

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Ukraine war causes increased global  food prices(Hoseop Kim)

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Ukraine war causes increased global  food prices(Hoseop Kim)

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Ukraine is a major producer of crop. Not only the crops but also various kinds of food, Ukraine products and export to the world. However due to Ukraine war, Ukraine has not exported their products.
The UN's food and agricultural organization warned last month that food price could increase by up to 20% as a result of war in Ukraine. The war in Ukraine cause rise products coast at least 20% in 2022.
demand countries are same, but quantity is decreased by war, so the prices of food that related with Ukraine products are increased.

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Ukraine war causes giant leap in global food prices, says UN

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The UN says the conflict has spread shocks through markets for grains and vegetable oil.

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Post pandemic increase Zoom demand - Thomas

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Post pandemic increase Zoom demand - Thomas

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The above article discusses an increase in demand for Zoom following the Covid-19 pandemic. It explains how, because of an increased level of remote working, 'tastes' have changed, yielding elevated profits for companies such as Zoom. This is illustrated in the 'revenue' diagram, which depicts 3x rise in revenue between 2020 Q1 and 2022 Q3.

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Zoom is a video conferencing app, geared towards business usage. It was founded in 2011, by Eric Yuan, and launched in January 2013.

While gathering considerable popularity and coming to run profitably in the following years, Zoom truly entered the public consciousness during the coronavirus pandemic of 2020. It was to Zoom that users across the world turned to stay in touch during the lockdown effected to stop the spread of the virus.

Prior to founding Zoom, Yuan had helped to build WebEx, in the decade prior to its acquisition by Cisco in 2007. Yuan, originally from China, famously emigrated to the US after repeatedly failing to get a visa (ninth time lucky!)

Many advised Yuan against entering an already crowded space, in which he would be competing with Microsoft (Skype) and Google as well as his former employer. He was confident, however, that he could develop a product more enjoyable to use than the incumbents.

Yuan's confidence paid off - with a million Zoom users logged within a few months (May 2013), 10 million Zoom users a year later (June 2014), and 40 million around two years post-launch (February 2015).

By January 2017, Zoom had become a unicorn, reaching a valuation of $1 billion, as kingmakers Sequoia Capital invested $100 million. This climbed to just short of $16 billion as the company went public in April 2019. Stocks initially priced at $36 were trading for $65 on the first day of trading. While shares would come to decline from the early peak, Zoom ended 2019 running profitably. Revenue was generated through a premium version with added features over the standard free offering.

It was in 2020, as we mention above, however, that Zoom really took off. With people confined to their homes, apps that allowed us to stay in touch became central to our day-to-day lives. People in their droves chose Zoom over other options. Ease of access and careful work to keep latency below 150 milliseconds (the maximum before conversations start to feel unnatural) have been cited as potential reasons.

Why ever people chose the app, Zoom usage shot up in March 2020. Yuan stated in a blog post that over the course of that month, Zoom was seeing 200 million daily meeting participants (not DAU). The following month, this figure had risen to 300 million. This compares to 10 million in December 2019. The UK cabinet and 90,000 schools in 20 countries were among new users of the app.

The rapid growth in popularity revealed some worrying issues, however. For instance, Zoom was found to be sending unauthorised data to Facebook. It was also found to be hoarding user data, and using a rather novel definition of 'end-to-end encryption'. Some calls were found to be routed through servers in mainland China, making them subject to the laws of that jurisdiction. Users not well-acquainted with their privacy settings also found that Zoom's low point of entry meant that calls could be easily crashed by unwelcome, sometimes downright offensive, guests.

Accordingly, Zoom saw itself banned by governments for official business (Canada and Taiwan), numerous organisations (SpaceX and Nasa), and school boards (New York and Taiwan).

In the aforementioned blog, Yuan detailed measures being taken by Zoom to rectify the situation, citing its intended usage as an app for businesses and not individuals. It remains to be seen whether Zoom's measures resolve the issues - and whether users are satisfied this is the case. We also might also ask whether the app's popularity will outlast social distancing (in effect at the time of writing).

Either way, Zoom will forever be associated with at least the early days of the coronavirus lockdown - if not more.

Below we've collected what stats we could find around Zoom user numbers and Zoom revenue. Read on to see the numbers behind the video conferencing app...

Zoom Overview

Zoom User Statistics

*Daily meeting participants can be counted multiple times, so it is not the same measure as daily active users
Source: Apptopia via The Guardian and The Economic Times
Zoom Financials

*Zoom financial year runs one year ahead, so for FY 2020, read 2019.

** Parentheses indicate loss

Other Zoom Usage Statistics

In Q2 2020, Zoom joined Pokémon GO and TikTok as the only apps to be installed over 300 million times in a single quarter (Sensor Tower)

94 million iOS Zoom downloads in Q2 2020 - 1% of the total (Sensor Tower)

India biggest Zoom market in Q2 2020 (by installs), with 68 million downloads, followed by the US with 41 million (Sensor Tower)

Approximately 81,900 Zoom corporate customers with over 10 employees, as of Q4 2020 (Q4 2019 in real life), up 61% year-on-year

Over 2020 financial year (2019), 641 Zoom business customers were worth $100,000 or more, up 86%

Zoom usage increased 67% between Jan and mid-March 2020, during the Covid-19 pandemic (Apptopia)

Zoom used by 90,000 schools in 20 countries during the Covid-19 outbreak to teach remotely, with Zoom lifting the 40-minute time limit for free meetings for teachers (Zoom)

March 30 2020 saw 4.84 daily mobile US users during Coronavirus lockdown (a 151% increase year-on-year), versus 1.56 million users of Microsoft Teams (Apptopia via Reuters)

58% of Fortune 500 companies and 96% of top US universities were Zoom customers as of 2017 (Freshworks)

As of the same point, 700,000 businesses used Zoom (Freshworks)

More Communication App Data

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Zoom Revenue and Usage Statistics (2020)

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Zoom is a video conferencing app, geared towards business usage. It was founded in 2011, by Eric Yuan, and launched in January 2013. While gathering considerable popularity and coming to run profitably in the following years, Zoom truly entered the public consciousness during the coronavirus pandemic of 2020.

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Predcited trends for Fashion industry: 2023 (Devansh Konda)

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Predcited trends for Fashion industry: 2023 (Devansh Konda)

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The fashion industry is one of the biggest and most influencial market segments. It sets various trends and helps people identify and express themselves through clothing. In the recent years, fast brands like H&M, Forever 21 and many more brands followed a simple business model of producing high quality clothing in larger volumes, therfore selling for cheaper. This model worked exceptionally until consumers could not attain the luxury factor from these brands. Brands that follow this principle obiously try to follow with the latest fashion trends that many influenctial designers and models modifying the wardrobes based on the season. For example, K-Pop inspired fashion is now one of the fastest growing trends ever since mid 2022 and still growing. A segement called premium fast fashion, offer clothes that are high quality. The shopping expirence and is also exponetially better as well. These brands ensure that the customer buys 3 or 4 pairs of pants and they do not need to worry about the pants wearing down for a considerable amound of time. Minimal designs and a simple aesthetic is what is most desired right now.

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2. Aesthetics trends suggest need for escapism

Over the last few years an increasing number of people are using the word 'aesthetic' in a similar way they might use 'subculture'. In this sense, aesthetics mainly refer to online trends based on an amalgamation of fashion, hobbies, music, and other interests into a single concept.

These trends tend to invoke their own kind of atmosphere or 'mood' that's imparted into content posted on platforms like Tumblr and TikTok. Importantly, they're both a basis for a personal identity and look. For example, someone could refer to themselves by an aesthetic, or produce art that falls under an aesthetic.

We don't have time to run through every aesthetic on the internet but we can focus in on one type of niche: the -cores.

These blended words combine the 'core' from 'hardcore' with something that is associted with the aesthetic. Love cauldrons and black cats? Let me induct you into the coven of withcore. More interested in the surreal? Weirdcore is for you. Prefer a grubbier approach to life? Have a look at goblincore.

The volume of mentions of these -cores has been on the up since 2016, eventually skyrocketing in 2020. Numbers then decreased in 2021, but not by much, remaining far above pre-2020 levels.

The communities that surround these aesthetics are usually very dedicated to the cause. Fashion leaders would be wise to tap into these groups and find inspiration in whatever -core suits their audiences.

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The Big Fashion Industry Trends for 2022

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Over the last few years an increasing number of people are using the word 'aesthetic' in a similar way they might use 'subculture'. In this sense, aesthetics mainly refer to online trends based on an amalgamation of fashion, hobbies, music, and other interests into a single concept.

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AF1 Demand after rise in "TikTok fashion"

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AF1 Demand after rise in "TikTok fashion"

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The rise in demand of Air Force 1s, a white leather sneaker originally released by Nike in 1982, has seen a dramatic increase in cost in 2021-2022. This is due to the sudden ubiquity of the shoe all over influencers' social media accounts. Unfortunately in 2021 Nike, while seeing an increase in demand, was also facing stock issues because of the sudden nature of the demand and ability to supply during the pandemic. Both of these factors caused an increase in price from around $90 at its initial release to a high of $210 today.

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Demand for Vaccine: RSV Disease and its Vaccine (Jihwan)

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Demand for Vaccine: RSV Disease and its Vaccine (Jihwan)

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Brief Explanations:
As our immune system develops, new viruses are introduced, including RSV disease. RSV disease is an example of an RNA virus that could be transmitted and is critical to infants. This is an example of shifts of demand because as the number of infected populations increases, the demand for the RSV vaccines will also increase (ultimately, its price could also rise). This could also be influential to the COVID vaccines such as AstraZeneca and Pfizer because more demand for RSV vaccines could potentially lead to the decreased demand for COVID vaccines.

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Editor's Note (1/18/23): Moderna announced this week that its respiratory syncytial virus (RSV) vaccine is 84 percent effective at preventing lower respiratory disease in older adults. Scientific American answered common questions about the virus, its treatments and previously tested vaccines in this story from last November.

As flu season picks up and experts weigh concerns about another possible COVID surge, children's hospitals are already filling with patients with another viral threat: respiratory syncytial virus, or RSV. Even though many people haven't heard of RSV, pretty much everyone has had it, probably multiple times, says Anthony Flores, chief of pediatric infectious diseases at the University of Texas Health Science Center at Houston and a physician at Children's Memorial Hermann Hospital. RSV is the leading cause of bronchiolitis-inflammation of the lung's small airways-in infants, and the virus is so common that nearly all children have encountered it by their second birthday.

"It's that ubiquitous," Flores says. "Even adults are exposed to it repeatedly over time, so we develop some immunity to it." In healthy adults and children, though, RSV typically presents as a common cold, with symptoms similar to those caused by other "common cold" viruses, such as rhinovirus, adenovirus and a couple of common coronaviruses. But that doesn't mean it's harmless. RSV costs the U.S. more than $1 billion each year in health care costs and lost productivity, and it can be particularly dangerous for newborn babies and adults older than age 65.

"As we have come to learn, particularly gradually over the last 15 years, this is a virus that annually produces probably about as much illness in adults as does influenza," says William Schaffner, a professor of medicine at Vanderbilt University Medical Center and medical director of the National Foundation for Infectious Diseases. That's because our immune system ages along with us. "As we get older, our immune system doesn't work as well," Flores says.

The good news is that RSV vaccines are on the way. In fact, Pfizer just announced this week that its maternal RSV vaccine-given during pregnancy so that antibodies are transferred through the placenta to the fetus-was 82 percent effective at preventing severe RSV in babies through three months old. But until the U.S. Food and Drug Administration approves a vaccine, RSV will be one of the unavoidable viruses people encounter each year.
What is RSV, and what are its symptoms?
RSV is an RNA virus made up of 11 proteins, similar to influenza A, another RNA virus whose genes encode the same number of proteins. It infects the nose, throat, lungs and the breathing passages of the upper and lower respiratory system, according to the National Foundation for Infectious Diseases. As the body sends immune cells to virus-infected cells to fight the disease, it causes inflammation in the airways.

Symptoms include a runny nose, reduced appetite, coughing, sneezing, wheezing and sometimes a mild fever-although fever is more common in young infants and older adults. Symptoms show up about four to six days after infection and take one to two weeks to resolve.
How is RSV transmitted?
RSV spreads primarily through respiratory droplets from coughing, sneezing and kissing (transmission by airborne droplets, or aerosols, has not yet been shown). But the virus can also survive for several hours on hard surfaces, including tables and crib rails. Such "fomites" are a more common mode of transmission for RSV than they are for COVID. People infected with RSV are typically contagious for about three to eight days, even if they don't have many symptoms.

The basic reproduction number, or R ₀, for RSV is estimated to be around 3, which means a single infection of RSV will lead, on average, to three other infections.
How severe is an RSV infection?
For the average person, RSV is little more than a nuisance, Flores says. "For most of us-children over the age of two and healthy adults-it's just like a common cold," Flores says. "It may give us a little bit of a cough and runny nose, maybe a mild fever, but we usually get over it pretty quickly."

But infants under six months old, and especially those under two months old, have a harder time with RSV. "That's where we see our highest hospitalization rates [in children]-maybe three or four times higher in that age group than in others," Flores says. The reason is basic physics. "It has everything to do with the size of their airways," he says. Their airways simply aren't wide enough yet to allow airflow with all the inflammation caused by the immune system's response to the virus.

Even then, only about 1 to 2 percent of children under six months with RSV need hospitalization (usually for a couple of days), and death is rare. An estimated 58,000 U.S. children are hospitalized with RSV each year, and the virus kills about 100 to 500 U.S. children under five each year. (Since the pandemic began, COVID has killed more than 560 children under five, according to the U.S. Centers for Disease Control and Prevention.) Premature babies and those with underlying heart and lung conditions have the greatest likelihood of complications and hospitalization. Premature infants' lungs tend to be underdeveloped and even less capable of handling the inflammation caused by the virus. In fact, children who meet strict criteria for being at highest risk are recommended to receive the preventive antibody medication palivizumab as an injection into the thigh muscle once a month when RSV is circulating.

Adults older than age 65 are also at risk of severe RSV, although public health officials have only begun to recognize the threat to older adults in the past decade. Every year an estimated 177,000 older adults are hospitalized with RSV, and about 14,000 die from it. For comparison, influenza kills anywhere from 21,000 to more than 44,000 adults older than 65 each year.

Another population at higher risk for complications from RSV are people who are immunocompromised, whether because they have an underlying condition that weakens their immune system or because they take a medication that suppresses it. Those who have had organ transplants, for example, take medications that dampen their body's immune response to avoid rejection of the new organ. And many of the drugs used to treat autoimmune conditions also weaken the immune system.
Why are cases surging now?
Historically, RSV season was so reliable that children's hospitals planned staffing around it. It typically ran from about November through April, with the biggest peaks in January and February, depending on local conditions. But the pandemic changed everything. With many people staying home, social distancing, washing hands and wearing masks for most of 2020 and into 2021, RSV-like influenza-never really arrived, and its seasonality has been out of whack ever since.

"All of a sudden, last summer, we had this huge surge of RSV," Flores says. "At it first baffled everybody, but then it kind of epidemiologically made sense." Normally, most kids encounter RSV some time in their first year and a half of life and develop some immunity as they recover. The immunity doesn't last very long, but enough of it lingers that subsequent infections aren't as severe. But thanks to the social distancing and masking, a whole birth cohort of kids had never been exposed to RSV before. So as society began opening back up in the summer of 2021, all of them were exposed at once, and RSV roared back like it was Christmas in July.

"We tended to see more severe reactions, so we saw more hospitalizations, and I think it's because we had a larger pool of kids who had never been exposed to RSV in the past," Flores says. That summer surge eventually settled down, but fast-forward to 2022, and although it's later in the year, something similar is happening.

On one hand, current pediatric hospitalizations aren't much higher at Flores's hospital and many other hospitals than they would be during a typical RSV peak in midwinter. But the problem is that it's not midwinter yet. With flu cases rising, pediatricians and public health experts are asking themselves the same question: "Are we going to see another surge with COVID later this year and then see a 'tripledemic'?" Flores says. "That's the big worry." Flores doesn't think a triple surge would necessarily cause more deaths, but it would place a significant burden on the health care system that many places aren't prepared to weather.
Is there a vaccine for RSV?
There is no approved RSV vaccine yet, but there likely will be soon. Scientists have been working on such a vaccine for half a century, but a disastrous trial in the 1960s resulted in the deaths of two toddlers who caught RSV after receiving the vaccine. It turned out the disease was more severe in those who were vaccinated, and until that mystery was resolved, not much progress occurred. Fortunately, one of the same scientists whose team determined the spike-protein mRNA code for the COVID vaccines, Jason McLellan of the University of Texas, solved the RSV vaccine problem with virologist Barney Graham, then at the National Institutes of Health, about decade ago. Now that work is coming to fruition.

Several pharmaceutical companies began vaccine trials with McLellan's protein in 2017, and the first successful phase III (late-stage) results came this year. Against severe disease, Pfizer's vaccine was 86 percent effective and GSK's was more than 94 percent effective in adults 60 and older.* Between those vaccines and Pfizer's recent maternal RSV vaccine news, Graham, who is now retired from the NIH, expects to see at least one RSV vaccine approved by the end of 2023, if not sooner.
How is RSV treated?
There is no medication to treat RSV, so the treatment is primarily supportive care for symptoms such as fever and congestion. Those who have trouble breathing may receive a breathing tube or supplemental oxygen through a mask or nose tube. The American Academy of Pediatrics used to recommend steroids for infants, but the data are conflicting on how well they help, so that's no longer a standard recommendation, Flores says.

There are a couple of reasons therapeutics don't exist for RSV. First, it's very difficult to develop effective drugs for respiratory virus infections. Most of the four antivirals available for flu, for example, are fairly new and have limited effectiveness unless given early after infection. Second, so few children die from RSV that therapeutics weren't as high a priority as developing drugs for other conditions. The recent understanding of how many adults die from RSV and advances in monoclonal antibodies, however, have boosted the pipeline for new RSV treatments.

The drug furthest along is nirsevimab, which was 75 percent effective in healthy infants in a phase III trial and has been shown to be safe in premature infants as well. FDA approval could come late this year or next.
What should someone do if they think they or a family member has RSV?
Chances are, you won't know if you have RSV because it will feel like any other cold. You should do "all those things we've learned in the pandemic" when you're sick, Flores says. That means wearing a mask, practicing good hand hygiene, covering your mouth when you sneeze or cough and, for those able to do so, working from home. Many people won't or can't stay home from school or work with just a cold, though, so wearing a mask can at least protect others around you while you're sick, especially those at higher risk for complications. If there's anything we learned from the way flu and RSV basically disappeared in 2020, Flores says, it's that masking obviously works.
When should someone with RSV go to the hospital?
As with any other respiratory illness, the biggest sign that one should seek medical attention, regardless of age, is having difficulty breathing, Flores says. In addition, parents should take an infant under six months to the doctor or hospital if the child can't lie down without breathing difficulty, if they're sleepier than usual or if they're difficult to rouse from sleep.
What can one do to protect vulnerable people from RSV?
Infants and young children who were born premature or who have weakened immune systems, chronic lung disease, congenital heart disease or a neuromuscular disorder may qualify to receive the drug palivizumab. Palivizumab is very expensive and in limited supply, so it's reserved for those at highest risk, who will receive the most benefit from it. When the RSV season was more predictable, at-risk infants would begin receiving palivizumab in late fall, but when RSV's seasonality shifted in 2021, state public health authorities convened to ensure the drug would become available when cases began rising.

For others at risk, including infants without underlying conditions, older adults and immunocompromised individuals, the same protections they take against COVID are also effective against RSV, as the low rates of RSV in 2020 showed. "When we see these surges like this, [vulnerable people are] absolutely instructed to be more careful," Flores says. That means not having sick family members visit, washing hands regularly and wearing a mask outside the home to prevent not only COVID but also exposure to all the other seasonal respiratory viruses, including flu and RSV. And of course, Flores says, everyone eligible for a flu vaccine and COVID vaccine should ensure they're vaccinated and boosted to reduce the risk of developing multiple infections at the same time.

* Editor's Note (11/9/22): This story has been updated to reflect comparable efficacy rates for the two RSV vaccines in older adults.

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RSV Is Spreading: What We Know about This Common and Surprisingly Dangerous Virus

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Editor's Note (1/18/23): Moderna announced this week that its respiratory syncytial virus (RSV) vaccine is 84 percent effective at preventing lower respiratory disease in older adults. Scientific American answered common questions about the virus, its treatments and previously tested vaccines in this story from last November.

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Oil demand increases because of Russia-Ukraine War - Jonah

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Oil demand increases because of Russia-Ukraine War - Jonah

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By Annabelle Liang & Daniel Thomas

Business reporters, BBC News

Oil prices initially rose, then fell back amid concerns that a new cap on the price of Russian crude could disrupt global supplies.

A separate decision by major oil-producing countries to keep cutting how much they produce to prop up prices also affected prices.

Despite climbing initially, the price of Brent crude ended Monday almost $3 lower a barrel at $82.68.

Prices remain well below the highs seen after Russia invaded Ukraine.

Higher oil prices tend to push up petrol prices and the cost of living which, in the UK, is rising at its fastest pace in 41 years.

Price cap

On Monday, the G7 group of major economies implemented a cap on the price of Russian oil at $60 a barrel to "prevent Russia from profiting from its war of aggression against Ukraine".

It will stop any Russian crude sold for more than that price from being shipped using G7 and EU tankers, insurance companies and credit institutions. Many major global shipping and insurance companies are based within the G7.

However, Russia - which is the world's second biggest producer of crude oil - has said it will not accept the price cap and threatened to stop exporting oil to countries adopting the measures.

Jorge Leon, senior vice-president at Norwegian energy consultancy Rystad Energy, told the BBC's Today programme that oil prices could increase as a result.

"Russia has been very clear that they will not sell crude [oil] to anybody signing up to the price cap," he said.

"So probably what's going to happen is that we will see some disruptions in the coming months and therefore probably oil prices are going to start increasing again in the coming weeks."

Meanwhile, on Sunday the group of top oil-producing countries known as Opec+ said it would stick to its policy of reducing output to prop up global prices.

Opec+ is made up of 23 oil-exporting countries, including Russia, who regularly meet to decide how much crude oil to sell on the world market.

In the wake of Russia's invasion of Ukraine, global oil prices soared to more than $120 a barrel amid concerns about a shortfall in global supplies from Russia.

But they have fallen sharply since then as the global economy slows down and countries use less oil.

"This decision by Opec+ to keep the quota where it is... is by itself an implicit sort of support to the oil market," Kang Wu of S&P Global Commodity Insights told the BBC.

Analysts warned oil prices could also be impacted by the easing of Covid restrictions in some Chinese cities, leading to an increase in demand for oil.

More cities in China, including Urumqi in the north west, have said they will loosen strict lockdown rules after mass protests against the country's zero-Covid policy.

The $60 cap on Russian oil comes on top of an EU embargo on imports of Russian crude oil by sea and similar pledges by the US, Canada, Japan and the UK.

But this weekend Ukraine President Volodymyr Zelensky called the cap "a weak position" that was not "serious" enough to damage the Russian economy.

While the measures will most certainly be felt by Russia, the blow will be partially softened by its move to sell its oil to other markets such as India and China, who are currently the largest single buyers of Russian crude oil.

On Monday, Kremlin spokesman Dmitry Peskov said Russia would respond to the latest measures, adding that they would not stop its military campaign in Ukraine.

"Russia and the Russian economy have the required capacity to fully meet the needs and requirements of the special military operation," Peskov told reporters.

Correction 30 January 2023: This article has been expanded to reflect that following a rise in oil prices on the market opening, the price of Brent Crude slipped back below the starting price by the end of the day's trading.

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Ukraine war: Oil prices fall back after cap on Russian crude kicks in

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The G7 nations and its allies have agreed to limit the price of Russian oil to $60 a barrel.

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Gold demand after Russian-Ukraine war - Doeon

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Gold demand after Russian-Ukraine war - Doeon

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https://www.abnamro.com/research/en/our-research/gold-watch-impact-of-the-ukraine-war-on-gold-prices

Brief analysis: Since 2022 the price of gold was -0.4. However, this changed by the price of gold increased to 0.5. This is because people got fear that the Russian-Ukraine war will cause severe inflation embarking people invest on gold which is increased demand of gold.

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Gold Watch - Impact of the Ukraine war on gold prices

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Impact of the Ukraine war on gold prices

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Find recent news (from 2022 or 23) that allows you to identify a left or right shift in demand.

Provide a) the link and b) a brief analysis of what's causing the shift

INCLUDE YOUR NAME