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Prarthana Prakash

Prarthana Prakash

Fortune

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The Olympic Village isn’t serving ‘adequate’ food, forcing Britain’s athletes to stay away and eat packed lunches instead

Team GB's CEO said there was a quality and quantity problem as there wasn't not enough of foods like eggs and chicken.

yesterday 7

Fortune

Prarthana Prakash

Is overtourism inevitable? One expert explains why the phenomenon is a wake-up call and how European cities are getting it wrong

“One thing that tends to get forgotten in the overtourism clamor is that locals are a part of it. They have been, at some point, willing...

yesterday 3

Fortune

Prarthana Prakash

Budget airline EasyJet sells an extra 1.5 million tickets with profits up 16% as its summer looks vastly different from struggling rival Ryanair

EasyJet’s CEO Johan Lundgren said the company was “on track to deliver another record-breaking summer.” 

wednesday 10

Fortune

Prarthana Prakash

LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing their luxury purchases

“Continued economic and geopolitical uncertainties are still impacting certain businesses, notably wine and spirits,” LVMH CFO Jean-Jacques Guiony...

wednesday 10

Fortune

Prarthana Prakash

Welcome to ‘Ratatouille’: Paris is trying to curb its rat population ahead of the Olympics kick-off as thousands descend on the French capital

Even though Paris will be in the spotlight for hosting the Olympics, the rats will likely still be part of the fanfare—so long as they remain...

23.07.2024 9

Fortune

Prarthana Prakash

Ryanair profits nearly halved as the low-cost airline blames its ‘frugal’ customers for booking too many last-minute tickets

“We have tried in recent weeks to close off some cheap seats and price passengers up, but are meeting resistance,” CEO Michael O'Leary said.

22.07.2024 10

Fortune

Prarthana Prakash

Affordable travel is to blame for Europe’s overtourism problem, spoiling its most sought-after cities like Barcelona, Amsterdam and Athens

Mass tourism isn't a new phenomenon, but it’s reached a tipping point in Europe where locals are increasingly bearing the brunt of it.

20.07.2024 20

Fortune

Prarthana Prakash

Olympic track and field winners will win more than eternal glory for the first time with a $50,000 reward: ‘They deserve some skin in the game’

World Athletics's Sebastian Coe explained that the reward could ease the financial burden on families that support athletes in their foundational...

18.07.2024 5

Fortune

Prarthana Prakash

Exclusive: Google is backing a Danish startup ‘brewing’ CO2 that can clean up one of the most polluting industries in the world

Copenhagen-based Again helps convert carbon released into valuable chemicals used in making paint, plastics and more.

17.07.2024 30

Fortune

Prarthana Prakash

Airbus is slashing costs and halting hiring after a potential bounce back from Boeing and tough Chinese competition on the cards

Airbus will now "concentrate our efforts on the fundamentals" as rising costs, supply chain snarls and competition catch up with it.

16.07.2024 20

Fortune

Prarthana Prakash

Can iconic coat maker Burberry ever recover from CEO departures, a stodgy turnaround plan, and a 64% share decline in a year?

Burberry has had to navigate the twin challenges of a massive turnaround plan coupled with luxury market downturn.

15.07.2024 10

Fortune

Prarthana Prakash

A former Nazi bunker in Hamburg just relaunched as a hip new attraction with restaurants and a hotel after a €100 million revamp

The revamp has given the bunker a different look, paving the way for what Bunker St. Pauli calls “an unforgettable experience.”

12.07.2024 10

Fortune

Prarthana Prakash

Copenhagen wants to do tourism differently by rewarding visitors with free coffee, food and museum passes if they cycle in the city and keep it clean

“It is an experimental and a small step towards creating a new mindset amongst travelers,” said Mikkel Aarø-Hansen, CEO of Wonderful Copenhagen.

11.07.2024 10

Fortune

Prarthana Prakash

The VC behind Mistral, Revolut and Slack just raised $2.3 billion to invest in long-term AI champions: ‘The era of the quick buck mentality is over’

“We think Europe is going to be one of the most important ecosystems for AI,” Index Ventures's Hannah Seal told Fortune.

10.07.2024 10

Fortune

Prarthana Prakash

Sicily’s summer drought is so acute this year that it’s drying up lakes and forcing cities to turn away tourists because they don’t have enough water

Climate change is hurting the Italian island of Sicily in various ways—from record-high heat and shrinking water reserves.

10.07.2024 20

Fortune

Prarthana Prakash

Mayor of Athens says tourism in Greece isn’t ‘viable’ anymore as each visitor only adds €0.40 to the economy

Last year, 33 million tourists visited Greece—over thrice the country’s population. But tourism is a double-edged sword for the historic country.

09.07.2024 20

Fortune

Prarthana Prakash

Danish brewer Carlsberg is pouring $4.2 billion into a deal with Pepsi and Lipton distributor Britvic as Gen Z shies away from alcohol

“It's very much a kind of growth-oriented acquisition, wanting to expand and invest," a Carlsberg spokesperson told Fortune.

08.07.2024 10

Fortune

Prarthana Prakash

The Seine River, the romantic lifeblood of Paris, is set to reopen for swimming after 100 years. But the cursed clean-up project has become an important lesson for future Olympics

“The Seine plays this dualistic role between our Emily in Paris postcard moments and the reality of being a living, working, breathing river,” one...

06.07.2024 20

Fortune

Prarthana Prakash

Europeans feel the happiest and most respected in the world. Will the threat of an aging population change everything?

Finland has held the crown as world’s happiest countries for seven years now—it's also one of the rapidly aging economies of Europe.

05.07.2024 10

Fortune

Prarthana Prakash

Amsterdam has long wanted to keep ‘nuisance’ tourists away. First, it banned new hotels and now, it plans to ban cruises

Amsterdam has seen visitor numbers soar in recent years—and it's not a fan. But cracking down on the trend could hurt its tourism industry.

04.07.2024 10

Fortune

Prarthana Prakash

The German railway system has become a ‘national embarrassment’ amid Euro 2024—and there seems to be no light at the end of the tunnel

German punctuality is well-known—but its railway service managed by Deutsche Bahn has struggled to follow it, hampering the fan experience at Euros...

03.07.2024 10

Fortune

Prarthana Prakash

Norway is blocking the sale of the last piece of private property in an embattled Arctic archipelago dominated by Russian settlements

Svalbard is at the heart of the simmering Arctic politics—and its special legal status allowing foreign presence complicates matters for Norway.

02.07.2024 10

Fortune

Prarthana Prakash

Europeans suffer from ‘vacation deprivation,’ despite working less and having more time off than their American and Japanese peers

People’s attitudes toward vacation and its place in each country’s culture dictate why they feel deprived of their downtime, Expedia's report...

01.07.2024 10

Fortune

Prarthana Prakash

How to survive Paris during the 2024 Olympics

For the uninitiated, Paris can be a lot. So, Fortune spoke to tourism, insurance, banking, and culture experts for their tips on navigating the city.

29.06.2024 10

Fortune

Prarthana Prakash

Italy is paying people as much as $32,000 to relocate to its Tuscan mountains as it tries to stabilize dwindling populations there

Italy has launched a string of similar programs—include €1 homes—to lure more people to towns that are off the beaten path.

28.06.2024 10

Fortune

Prarthana Prakash

Denmark is spending $100 million to get its citizens to adopt a plant-based diet—but its economy is still stubbornly reliant on pork and dairy exports

Denmark is a pioneer for encouraging vegan and vegetarian diets among Danes who have traditionally had red meat-heavy meals.

27.06.2024 20

Fortune

Prarthana Prakash

LVMH’s Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80

The Arnaults' clout in the luxury world has conjured "Succession" parallels over who might take over. But Bernard Arnault doesn't plan to retire just...

26.06.2024 10

Fortune

Prarthana Prakash

The U.K.’s wine business is booming, so much so that Britain’s largest winemaker is considering putting itself up for sale to fund expansion

Founded 22 years ago, Chapel Down has witnessed the U.K.’s wine business boom as climate change wreaked havoc on other traditional wine-producing...

25.06.2024 10

Fortune

Prarthana Prakash

A Great Resignation 2.0 is simmering as employees feel overworked and underpaid, forcing them to look for greener pastures

The "Great Resignation" never really ended. But now, employees' challenges include them being overworked, underpaid and not ready for AI.

25.06.2024 20

Fortune

Prarthana Prakash

Europe’s richest man Bernard Arnault just bought a quirky 3-star Parisian bistro that makes $100 roast chicken

The Parisian bistro may be more low key than LVMH's other businesses, but it has hosted many A-listers visiting the French capital.

24.06.2024 20

Fortune

Prarthana Prakash

Nvidia single-handedly surpasses Europe’s biggest stock markets as London Stock Exchange chief promises reform to refresh U.K.’s ‘ambition’

A decade ago, the London Stock Exchange had a significant lead, with its listed stocks collectively worth 400 times Nvidia’s value.

21.06.2024 10

Fortune

Prarthana Prakash

How a German Olympian helped take on CrossFit to build Hyrox, the next-generation fitness race with 34,000% growth

Hyrox has grown exponentially in just seven years, attracting average gym-goers, accomplished athletes, and CrossFit enthusiasts alike.

21.06.2024 10

Fortune

Prarthana Prakash

Online-only retailer Asos blames 'detrimental' virtual meetings, ordering staff back to the office to lift performance after making $150 million in losses

Asos added that there was a “very real need” for people to touch and feel clothes, which was “impossible virtually.”

20.06.2024 60

Fortune

Prarthana Prakash

Austrian heiress Marlene Engelhorn just wrote away her $27 million fortune

Engelhorn's wealth, which she inherited from her grandmother in 2022, was "contradicting every democratic principle," she said.

19.06.2024 20

Fortune

Prarthana Prakash

The next paradigm for ultra-fast grocery delivery is more choice—without decimating brick-and-mortar stores, Uber's grocery boss says

Customers value range more than their deliveries arriving in 10 minutes instead of an hour, Uber's grocery and retail head told Fortune.

18.06.2024 7

Fortune

Prarthana Prakash

'Overtourism' crackdown enters Iceland as the country plans new measures to prioritize locals over hot spring-obsessed visitors

“We would like to lean more towards a system where the user pays," Iceland's prime minister said as he's contemplating new measures to tackle the...

18.06.2024 10

Fortune

Prarthana Prakash

London snatches the crown from Paris as Europe’s largest stock market after Emmanuel Macron’s snap election sends investors into a spin

London lost its position as the leading stock market last time following political chaos under former Prime Minister Liz Truss.

17.06.2024 10

Fortune

Prarthana Prakash

Portugal might have cracked down on golden visas after a housing crunch—but repeat visitors who stay at Airbnbs are still very welcome

“The repeating tourist is the best tourist we can have,” Porto's mayor said.

14.06.2024 9

Fortune

Prarthana Prakash

Here's how the U.K. election front-runners Keir Starmer and Rishi Sunak differ on taxation, healthcare, housing and education

The two U.K. front-runners from the Labour and Conservative Parties will go head-to-head in less than a month from now.

13.06.2024 4

Fortune

Prarthana Prakash

We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns

Supply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at the height of the Covid-19 lockdowns in 2020,”...

13.06.2024 20

Fortune

Prarthana Prakash

U.K.’s legion of missing workers and quiet quitters is costing the economy nearly $400 billion, adding to a productivity crisis it can’t seem to escape

No one wants an economy that punches below its weight when it comes to productivity as it undermines economic resilience to big shocks.

12.06.2024 5

Fortune

Prarthana Prakash

The world’s oldest book just fetched $3.9 million in auction

The 104-page Crosby-Schøyen Codex from Egypt was written by a single scribe over 40 years, dating back to 250-350 AD.

11.06.2024 7

Fortune

Prarthana Prakash

LVMH's Italian Dior maker is being investigated for outsourcing luxury goods manufacturing to Chinese-owned firms that allegedly exploit workers

The ruling found that employees slept at their workplace just to ensure they were “available 24 hours a day,” a report said.

11.06.2024 20

Fortune

Prarthana Prakash

Raspberry Pi’s tiny, non-flashy $15 computers could usher in new tech IPO hope for London

Raspberry Pi had a humble start to life as a charity in Cambridge. Sixteen years later, it's sold over 60 million personal computers and is on track...

11.06.2024 40

Fortune

Prarthana Prakash

Macron calls snap election for France as far-right gains ground in EU Parliament vote that will determine the region’s future

The EU parliamentary elections will determine the fate of the entire regional bloc. Hint: the results are skewing to the right.

10.06.2024 20

Fortune

Prarthana Prakash

As Rémy Cointreau profits slump 30% and fine tequila becomes more popular, will American rap fans help French cognac rebound?

Like other luxury products, cognac faces slumping demand. But its deep connection to pop culture has kept it on people's minds either way.

06.06.2024 10

Fortune

Prarthana Prakash

De Beers, the business that coined ‘diamonds are forever’, is pivoting to jewelry retail ahead of spinoff from Anglo American

De Beers, the company that coined the slogan “diamonds are forever,” wants to make a splash in retail to compete with the likes of Tiffany and...

05.06.2024 7

Fortune

Prarthana Prakash

U.K. teachers, who feel like they're ‘severely underpaid,’ are spending their own money to help students, study finds

Students' conditions have deteriorated, leaving them unable to meet basic well-being needs owing to the cost of living crisis.

05.06.2024 10

Fortune

Prarthana Prakash

As France braces for 15 million Olympics visitors, its ‘dengue detectives’ are hunting for tiger mosquitoes to prevent an outbreak

The so-called detectives will track down disease hotspots, seek out mosquito eggs, and help curb the spread of the virus in French cities.

05.06.2024 30

Fortune

Prarthana Prakash

The world's wealthy need to pay up to address the climate crisis, says the top expert behind the Paris Agreement

Decarbonizing isn't cheap or easy, but the wealthy are responsible for the bulk of the emissions—can we actually hold them accountable?

04.06.2024 20

Fortune

Prarthana Prakash

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