The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that aims to finance infrastructure in Asia and globally, was launched by China in October 2014 with a planned initial capitalization of $50 billion.1 As the March 31 deadline for joining as founding members of the AIIB2 draws near, the U.K. announced its application to…
Author: Luana Tung
Restoring the Luster to McDonald’s Golden Arches
McDonald’s remains mired in its worst sales slump in more than a decade.1 Revenue in the quarter ending on December 31 fell by 7% to $6.6 billion, while earnings dropped 21% from $1.4 billion to $1.1 billion in the same period a year ago.2 A major factor behind McDonald’s woes is the changing tastes of…
From Land to Sky: Amazon’s Package Delivery Initiatives
Retail sales have seen a surge on Cyber Monday (December 1) with an increase of 8.5% over last year, resulting in the “largest online shopping day” so far in 2014.1 E-shopping continued its climb, as online sales during Thanksgiving weekend grew by 17% over last year.2 Amazon, the largest U.S. online retailer,3 shipped an estimated…
From Greening to Greenback: How Walmart’s Sustainable Food Initiative Can Increase Profits
Walmart has launched a new green initiative “to create a more sustainable food system,” which it seeks to implement through “four key pillars”:1 Reduce “True Cost” of Food: Walmart not only pledges to “provid[e] everyday low costs for customers.”2 Furthermore, it aims to reduce the “environmental impact of agricultural practices” by working with and promoting…