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TGI Fridays Announces Plans for Public Listing via Merger with U.K. Franchisee

TGI Fridays and Hostmore, the company that runs TGI Fridays in the UK, said they're going to join together. This deal is worth a...

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Superyachts Sales Down Due to Waiting Lists & Sanction on Russian Oligarchs

According to a recent report, sales of superyachts experienced a significant decline in 2023 due to a combination of factors such as lengthy waiting lists, escalating costs, and sanctions targeting oligarchs. The SuperYacht Times' State of Yachting report revealed a 17% drop in sales of new superyachts (defined as yachts over 100 feet long) last year. Specifically, there were 203 new superyacht sales in 2023, down from 245 in 2022 and a record-breaking 313 in 2021. Ralph Dazert, head of intelligence at SuperYacht Times, highlighted the challenges facing buyers, particularly those ordering yachts exceeding 200 feet, who now face waiting times of three to four years due to pandemic-related backlogs.3 Additionally, rising labor and material costs have contributed...

Apple’s iPhone Shipments Decline in Q1 as Chinese Competitors Gain Ground; Samsung Leads Again

Apple's iPhone sales dropped by almost 10% around the world in the first three months of 2024. This was because other companies from China, like Xiaomi and Transsion, sold a lot more phones during this time. A report from the International Data Corporation (IDC) shared this information. In those three months, Apple sold 50.1 million iPhones. This was a decrease of 9.6% compared to the same time last year when they sold 55.4 million iPhones. Among the top five smartphone brands mentioned in the report, Apple had the biggest drop in sales compared to last year. Samsung, which is another popular type of phone, sold the most phones in the first three months of 2024. They had...