Zamna Festival, the globally celebrated electronic music event originally rooted in Tulum, Mexico, is set to make its highly anticipated debut in Toronto this November. The festival will take place on 8th and 9th November 2024 at The International Centre, with a star-studded line-up featuring world-renowned artists including Adriatique, Bob Moses, Luciano, and MRAK. The arrival of Zamna promises to be a transformative experience, offering an immersive atmosphere that will reshape Toronto’s music scene. From Tulum to Toronto Launched in Tulum, Zamna Festival has rapidly become a global cultural phenomenon, known for its unique fusion of electronic music, breathtaking visual…
Author: Kaitlyn Brown
A new study has revealed a significant drop in cash property purchases across parts of the UK, with Harlow in Essex experiencing the sharpest decline. Between 2013 and 2023, the percentage of homes bought outright in the town plummeted by 44.9%, according to research by mortgage broker SPF.co.uk. The study, which analysed data from HM Land Registry, found that in 2013, 26.3% of all properties in Harlow were purchased with cash. By 2023, that figure had fallen to just 14.5%, with the average property in the area now costing £309,000, according to the Office for National Statistics (ONS). Barking and…
British travellers often struggle to enjoy a cup of tea abroad, with three-quarters (76%) of holidaymakers claiming it never quite tastes the same once they leave the UK. Research from MSC Cruises has revealed that 51% of Brits resort to packing their own tea bags when travelling, and 37% even take their own kettle, mug, or sugar bowl to ensure the perfect brew. In response to the findings, MSC Cruises has launched the MSC Tea Library aboard its popular cruise ship, MSC Virtuosa, catering specifically to British tea drinkers. The innovative new offering provides travellers with nearly 100 different types…
Tesla’s (TSLA) stock performance has been under scrutiny this year, with the company’s shares falling by 12% in 2024. After peaking in July, Tesla’s stock has dropped 20%, partly driven by a year-over-year decline in second-quarter earnings. As the much-anticipated October robotaxi reveal event approaches, investors are weighing their options. In its Q2 earnings report, Tesla disclosed a 43% drop in earnings per share to $0.52, despite a 2% increase in revenue to $25.5 billion compared to the same period last year. Analysts had expected higher earnings of $0.61 per share and lower revenue of $24.54 billion, according to FactSet.…
Volvo initially planned to sell only fully electric cars and plug-in hybrids by 2030. However, it now seems that target was overly ambitious. The Swedish-Chinese automaker Volvo announced on September 4, 2024, that it will continue to sell internal combustion engine vehicles even after 2030. While the company still aims for 90 to 100 percent of its sales to come from fully electric cars or plug-in hybrids by the end of the decade, the remaining zero to ten percent will be covered by mild-hybrid models, if necessary. Volvo cited several reasons for this adjustment, including the slower-than-expected expansion of charging…
The ongoing shift towards remote work is expected to significantly impact the real estate market in the coming years, with researchers from the Ifo Institute predicting a 12 percent decline in the demand for office space. German companies are increasingly reducing their office space due to the persistent trend of regular remote work. According to a survey conducted by the Munich-based Ifo Institute, 6.2 percent of businesses have already downsized their office space. Additionally, 8.3 percent of companies plan to do so within the next five years. “This trend is particularly strong among service providers and large corporations, which utilize…
The Small and Medium-Sized Enterprises and Economic Union (MIT) is a significant voice within the CDU. The MIT is now calling for equality between electric cars and combustion engines at the EU level, insisting that the entire energy consumption of electric vehicles must be considered. Electric cars are seen as a crucial element of German and European climate policy. However, electric vehicles are not always more environmentally friendly than combustion engines. Only after 90,000 kilometers of driving are compact class electric cars more climate-friendly than combustion engines. If only green electricity were used, the threshold at which electric cars become…
Shares of Naturgy plunged nearly 14% in Tuesday’s trading session after CriteriaCaixa announced the termination of its negotiations with the Emirati company Taqa, without reaching any agreement. The two companies were finalizing plans for a joint takeover bid for the Spanish energy firm. Naturgy’s stock maintained its Monday closing price of 24.86 euros per share until 9:35 AM, reflecting a 0.65% increase. However, following an auction, the energy company’s shares fell by 11.67% by 9:45 AM, trading at 21.96 euros per share. By 11:00 AM, the stock had further declined by 12.15%, reaching 21.81 euros per share. By 1:30 PM,…
Worldbild GmbH & Co. KG, a key player in the German book trade and part of the Droege Group, has filed for insolvency, according to “WirtschaftsWoche”. The company, which includes brands such as teNeues and Jokers, recently reported revenues of around 500 million euros. However, external crises and competition from new Asian vendors have forced it to take this step. The insolvency filing for Worldbild GmbH & Co. KG was made on Monday and exclusively affects this entity. Other brands and subsidiaries of the WB D2C Group, which account for about 80% of the group’s revenue, are not impacted. Struggling…
Warren Buffett has finally unveiled the secret stocks his company has been investing in: Chubb. The renowned investor, through Berkshire Hathaway, bought into the insurance giant during the third quarter of 2023. He obtained regulatory approval to keep this investment confidential until Berkshire had fully established its stake. In late September, Buffett’s company initially acquired 8.1 million Chubb shares valued at $1.7 billion (approximately €1.5 billion). By the end of December, this position had increased to 20.1 million shares worth $4.5 billion (€4.17 billion). The buying spree didn’t stop there. By the end of March, Berkshire had further increased its…