Author: theparknews

(Bloomberg) — For the first time in two decades, China no longer appears to be the driving force behind global oil demand, a development that is unchartered territory for many of the traders and executives gathered at the Organization of the Asia-Pacific Petroleum Exporting Countries oil meeting in Singapore this week.Most read articles on BloombergChina’s economic performance is dire, with a struggling real estate market and weak consumer confidence as it struggles to recover from the pandemic-induced slowdown. This, combined with structural changes brought about by an aging population, the energy transition and a growth model less dependent on large…

(Bloomberg) — Tupperware Brands Inc. is preparing to file for bankruptcy as soon as this week after a years-long turnaround effort amid sagging demand, people familiar with the matter said.Most read articles on BloombergThe household goods brand, a food storage icon for nearly a century, plans to seek court protection after hiring legal and financial advisers following a default on its debt, said the people, who asked not to be identified discussing confidential information.Following the news, the company’s shares fell by more than 50% as of 3:53 p.m. New York time.The bankruptcy proceedings began after protracted negotiations between Tupperware and…

A joint venture between China’s SAIC Motor and JSW Group has announced that it will launch a new luxury car brand and launch two models in early 2025.The joint venture, called JSW MG Motor India, has unveiled a new premium brand called MG Select.MG Select targets the growing ‘affordable luxury car’ segment in India and in phase 1, it will see the establishment of ‘new-age’ luxury car experience centres in 12 key cities across the country, JSW MG Motor India said in a statement.MG Select will offer a range of vehicles, with a focus on NEVs, including plug-in, hybrid and…

While investors eagerly await a possible interest rate cut from the Federal Reserve at its September FOMC meeting next week, uncertainty is likely to continue in the market.Katy Kaminski, Chief Research Strategist and Portfolio Manager at AlphaSimplex, joins us to discuss the market outlook in light of the expected shift in fiscal policy.Kaminsky noted that the discussion of rate cuts has been hovering between 25 and 50 basis points, and stressed that “the jury is still out,” but regardless of the size of the cut, “the Fed is changing course” which will impact multiple aspects of the economy and “present…

Q: How will workplaces navigate these intensely divisive political times? It might be wise to pay attention to “what do we want to create?” It might be better to focus on how we speak to each other rather than what we say. Focus on process rather than content. In such situations, lobbying your coworkers to subscribe to your political stance may not be considered a win. The workplace is not going to be open for an exhaustive discussion of your personal politics. Few workplaces exist for that reason. People are confused about that, especially these days. The pandemic has blurred…

Among the various technologies that have emerged in recent years, blockchain, NFTs, smart contracts, and generative AI are systematically changing the way art is authenticated, traded, rewarded, and created. They have not only helped to build a fully independent, natively digitized art world, but also changed the central premise of art from an object to be exhibited to a token to be traded.The world of traditional art is still coming to terms with its digital duality, the NFT space also known as “Web3”. Contemporary art seems to be merging with the luxury industry at a time when big brands are…

A long-closed hotel on one of Palm Beach’s most prominent streets is set to open as a luxury hotel called the Palm House in November, according to a statement released exclusively to the Palm Beach Daily News. The statement was made on behalf of Iconic Luxury Hotels, the company’s sister brand which purchased the hotel property out of bankruptcy in 2019 and spent about three years renovating the property at 160 Royal Palm Way. The seaside establishment has been closed to guests since it closed 17 years ago. “This marks a pivotal moment in the brand’s history as we announce…

In the five years that Tiffany Posch has been styling the hair of black women in Washington, DC, never before have so many women described her signature silk press as “presidential.”Calling herself the “healthy hair doctor,” Posh offers a pampering, multi-step service that includes shampoos, touch-up treatments and silky smooth, bouncy styles that leave clients smiling from the moment they sit in her chair.”My hair looks like the president’s,” one customer told Posh recently after getting her hair done.That’s because Vice President Kamala Harris has been driving demand at her salon in Columbia, Maryland, since becoming the Democratic presidential nominee…

Urban Planning – Vision 2045 wins three awards at state and national levelAccording to a city news release, Amarillo’s vision for the future has achieved a rare triple crown feat: City Plan – Vision 2045 is a comprehensive plan that identifies future goals for the Amarillo community. The plan is a tool for the city to effectively anticipate and guide future change in alignment with the community’s desires.The Urban Plan – Vision 2045 won three awards at state and national levels.2024 3CMA (City-County Communications & Marketing Association) Savvy Award for Community Engagement Plan. 2024 American Planning Association – Texas Chapter…

Hello AJ readers!There was a lot of business news this week, including the closing of another pizza restaurant, a $6.6 million expansion at Covenant Children’s and the opening of Grassano & Pioquinto LLC CPAs.A second pizza place announced it would close this month due to costs and increasing competition.”Since we opened this location in 2022, six to eight competitors have opened within a three-mile radius,” Westside Pizza’s James “Red” Williams said, “which has taken a significant amount of pizza out of the market.”Westside Pizza (6616 Milwaukee Ave.) will close on Sept. 20, just two weeks after Urban Bricks (7610 Milwaukee…