Why 'free' shipping isn't free | Dubai Leapfrogs Lisbon as Best Destination for Globetrotting Executives | Russia’s Ruble Hits 16-Month Low

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Why 'free' shipping isn't free    The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for "free." "People like free shipping because the word free is very powerful, even if people know that it's not really free because someone is paying for it," Kara Buntin, owner of the Etsy shop A Cake To Remember, told CNBC. There were more than 131 billion parcels shipped worldwide in 2020, and parcel shipments are expected to double again in the next five years — possibly reaching 266 billion by 2026 — according to Pitney Bowes. Continued here Dubai Leapfrogs Lisbon as Best Destination for Globetrotting Executives    For the wave of executives turning into digital nomads since the pandemic, there's nowhere more accommodating than Dubai. That's according to research by real estate broker Savills Plc, which ranked 20 prime residential markets by their appeal to long-term remote workers. Dubai's fast-growing fintech and financial services sectors are attracting a flurry of senior hybrid workers, many of which have been impacted by the 200,000-plus tech industry job cuts seen this year. "Many have been impacted by layoffs across global tech firms," said Swapnil Pillai, a Middle East researcher at Savills. "They are exploring the city as a base to support these thriving sectors." Continued here You Might Like � � � � � � � � � Russia's Ruble Hits 16-Month Low    Russia's Central Bank announced on Monday that it will convene an emergency meeting on Tuesday after the ruble fell to a 16-month low against the U.S. dollar—indicating that Western sanctions and international isolation over Russia's war in Ukraine are taking a bite out of the country's economy. According to new central bank data, the ruble is trading at a rate just above 101 to the U.S. dollar—a value loss of around 30 percent since the year began. This marks the Kremlin's weakest currency level since Russia invaded Ukraine more than 18 months ago. Now, only a handful of fiscally stricken nations—such as Turkey, Nigeria, and Argentina—are having a worse monetary year. "The whole world is laughing at us now," said Vladimir Solovyov, a Russian TV presenter considered Moscow's top media propagandist. Continued here

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