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As every year, the Eurovision song contest gives stage to bands and artists selected by the European and Europe-adjacent nations (as well as Australia), to compete for the the Eurovison trophy. In 2024, the contest was hosted by Sweden in Malmö, following Loreen's second win in the competition the year before. The Italian song "La noia" by artist Angelina Mango was streamed over 60 million times on Spotify until the day before the competition, making it the most streamed song from Eurovision 2024 on the platform. Croatia's Baby Lasagna, the favorite to win the contest, stood at 8th position and recorded 6.5 million streams.
In the second quarter of 2024, the number of global Disney+ subscribers amounted to 153.6 million. This marked a decline of around four million compared with the same quarter of the previous year, amid further price increases of the service in October 2023.
The Walt Disney Company launched its highly anticipated streaming service in November 2019. Less than two years later, Disney+ reached a significant milestone by amassing 100 million subscribers worldwide – which is even more impressive considering that the company had initially set a goal of 60 to 90 million users by 2024. By comparison, it took SVOD market leader Netflix roughly a decade to reach the 100-million-mark, despite having navigated a much less competitive market then.
What makes Disney+ so appealing to audiences is not just its repertoire of animated classics but also the vast range of content from Disney’s various subsidiaries. The House of Mouse has acquired Lucasfilm, 20th Century Studios, Pixar, and Marvel Entertainment over the last few years, setting it up for success with viewers of all ages. In 2022, for example, “Moon Knight” and “Obi-Wan Kenobi,” available exclusively on Disney+, were among the five most popular original series releases worldwide.
The number of international tourist arrivals worldwide increased in 2023 compared to the previous year. That said, it remained still below the figure reported in 2019, before the impact of the COVID-19 pandemic. After declining with the onset of the health crisis to roughly 407 million, the lowest figure recorded since 1989, global inbound tourist arrivals showed strong signs of recovery in the following years, totaling just under 1.3 billion in 2023.
Europe is the most popular destination for international tourismSince 2005, Europe has been the global region attracting the highest number of international tourists. While inbound tourist arrivals in Europe rose significantly in 2023 over the previous year, they did not catch up yet with pre-pandemic levels. Within this region, Southern and Mediterranean Europe was the most popular area for international tourism, recording around 265 million arrivals in 2022.
According to Statista Mobility Market Insights, the global travel and tourism market's revenue - including hotels, package holidays, vacation rentals, and camping - amounted to nearly 860 million U.S. dollars in 2023, recovering from the impact of COVID-19. When breaking down travel and tourism's revenue worldwide by sales channels, it emerges that the online channel generated over two-third of the global transactions' value that year.
The global semiconductor materials market generated revenues of 66.72 billion U.S. dollars in 2023, of which 19.18 billion U.S. dollars was consumed in Taiwan. A further 13.09 billion U.S. dollars was consumed in China.
The popularity of ecommerce platform Temu has been surging since its debut in the fall of 2022. In April 2024, the app was downloaded over 46 million times all over the world, making it more popular than Amazon’s marketplace app.
What is Temu?Temu, which is owned by the Chinese online retailer PDD Holdings, has successfully replicated the meteoric growth of its sister app Pinduoduo in overseas markets through effective marketing campaigns. Focusing on providing low-cost products with free and fast shipping, Temu has emerged as a wallet-saving alternative amidst rising inflation. The newcomer has also followed the playbook of Pinduoduo, such as gamification features and personalized purchase recommendations, to make shopping on mobile more fun.
Who is using Temu?These strategies work. In the first five months of 2023, Temu generated over 1.5 billion U.S. dollars in gross merchandise volume. It has caught the eye of inflation-weary shoppers in the West, particularly young people in the United States and Mexico. In April 2023, Temu achieved its first milestone of over 100 million active users in the United States.
The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States. In April 2024, the national unemployment rate was at 3.9 percent. Seasonal adjustment is a statistical method of removing the seasonal component of a time series that is used when analyzing non-seasonal trends.
According to the Bureau of Labor Statistics - the principle fact-finding agency for the U.S. Federal Government in labor economics and statistics - unemployment decreased dramatically between 2010 to 2019. This trend of decreasing unemployment followed after a high in 2010 resulting from the 2008 financial crisis. However, after a smaller financial crisis due to the COVID-19 pandemic unemployment reached 8.1 percent in 2020. As the economy recovered the unemployment rate fell to 5.3 in 2021, and fell even further in 2022.
Additional statistics from the BLS paint an interesting picture of unemployment in the United States. In November 2023, the states with the highest (seasonally adjusted) unemployment rate were the Nevada and the District of Columbia. Unemployment was the lowest in Maryland, at 1.8 percent. Workers in the agricultural and related industries suffered the highest unemployment rate of any industry at seven percent in December 2023.
As of February 2024, Tencent's music apps - KuGou, QQ, and Kuwo - were the three most popular music streaming apps in China. The monthly active users of KuGou totaled to around 350 million, whereas Baidu's rebranded Qian Qian amassed around 5.7 million monthly active users.
Globally, Tencent is one of the biggest music streaming providers. The Chinese tech behemoth owns the largest music company in the country – Tencent Music Entertainment (TME). With roughly 60 percent of the local music market share, TME had reported a profitable financial status since its founding in 2016. Besides, its monthly active users rose to 600 million – capturing most of the mobile music userbase in the country. Among its music apps, KuGou Music was found to be favored by those who aged between 19 and 28, while QQ Music was more preferred among older users.
Although the usage of mobile music streaming is high among Chinese netizens, most of them are not familiar with paying for the services. Music streaming platforms can hardly generate high revenue per user. They are more likely to opt for free sources to access their choice of music. In 2020, paying members was estimated to make up about eight percent of the total music userbase in China. To address the problem, industry experts suggested to raise public awareness of copyright protections.
As of 2022, the European Union member states spent almost 240 billion Euros collectively on military defense. This includes money spent on procuring weapons, paying salaries, and other operational costs, as well as research & development expenditure. The total amount spent on defense declined significantly following the global financial crisis, as European countries cut back on public expenditure, reaching a low point of 138 billion Euros in 2012.
Since 2014, when Russia reemerged as a geopolitical threat to EU countries, due to its illegal annexation of Crimea from Ukraine and its covert military operations in the east of that country, military expenditure has increased sharply, rising particularly in Poland and Germany. Despite this, Germany still lags far behind the spending target set for it by NATO and the European Defence Agency of two percent of GDP.
In May 2024, 48 percent of British adults would vote for the Labour Party in a general election, compared with 18 percent who would vote for the Conservative Party. The ruling Conservatives have trailed Labour in the polls throughout 2022 and 2023, with a huge gap emerging in September 2022 when Liz Truss came to power. Truss' short time as Prime Minister was widely seen as a disaster for the country and her party, and she was succeeded by Rishi Sunak as Prime Minister that October. Labour has maintained their lead in the polls since Sunak became Prime Minister, and would win the next general election based on the most recent polls.
The next UK general election is expected in 2024, but may take place as late as January 2025. Unlike many other democracies, general elections in the UK have no fixed date, with the power to call one resting with the Prime Minister, although this must be done at least every five years. While the last election in 2019 was held in the winter, it is unlikely that Sunak will wait until then to call an election, with a Spring or Autumn election in 2024 the most likely scenario. It may suit the Conservatives to bide their time until the Autumn, however, in the hope that the economic situation improves, giving a lift to Sunak's job rating and a boost to the government's sinking approval ratings. The job of catching Labour in the polls in 2024 may be a long shot for the Conservatives, especially as no ground was made up in 2023.
After a tough 2022, in which Britain suffered through its worst cost of living crisis in a generation, the economy was consistently identified as the main issue facing the country, just ahead of healthcare. To respond to these concerns, Rishi Sunak started 2023 with five pledges; halve inflation, grow the economy, reduce national debt, cut NHS waiting times, and stop small boats. One year on from this announcement, just one pledge can be said to be realized, with CPI inflation falling from 10.1 percent at the start of the year to 3.9 percent by November. There is some ambiguity regarding the success of some of the other pledges. The economy shrank in the third quarter of 2023, the national debt has increased slightly, while small boat arrivals are down from 2022, but still higher than in most other years. The pledge to cut NHS waiting times was not fulfilled either, with the number of people awaiting treatment rising in 2023.
In 2024, Rwanda was the safest country in Africa. It had a score of roughly 73.2 points in the safety index, making it the African nation with the lowest crime incidents and the only country with high safety levels - over 60 index points. In several other countries in Africa, the level of safety was considered moderate (40 to 60 index points).
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