Latest Business News
Corporate Dollar Deposits Surge in Korea
Corporate dollar deposits in Korea rose at the fastest pace of 2025, reaching $53.7 billion as firms increased holdings amid a strengthening dollar and market uncertainty . Individual deposits also rose, hitting $12.2 billion, driven by overseas investments and expectations of further dollar gains
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Lee Nonprofit Breaks Ground on $50M Food Bank
A nonprofit in Lee County, Florida, has started construction on a $50 million food bank facility, set to double its capacity and better serve the local community . The project is part of a broader wave of commercial real estate activity in the region
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Best Buy Warehouse Sold for Nearly $50M
A Best Buy distribution center and warehouse in Polk County, Florida, was sold for $49.5 million to Tratt Properties, reflecting strong demand for logistics assets in growing markets . The facility spans 650,808 square feet and was built to support Best Buy's expansion
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Edward Tirtanata: Indonesia's Coffee King
Edward Tirtanata, co-founder of Kopi Kenangan, has built the fastest-growing coffee chain in Southeast Asia, achieving unicorn status with a valuation over $1 billion . The company's success is attributed to mobile commerce and strategic timing
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Major Real Estate Deal for Waste Management Campus
A 69-acre site in Ruskin, Florida, was sold for $3 million to develop a multiuse waste management campus, supporting recycling, composting, and debris operations . The project is expected to boost local infrastructure and sustainability efforts
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Hotel Proposed at Sarasota-Bradenton Airport
Plans for a 60-room, four-story hotel at Sarasota-Bradenton International Airport have been submitted for review, including a business center, fitness center, and a 100-seat restaurant . The proposal aims to enhance airport amenities and attract more visitors
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Retailers See Record Black Friday Foot Traffic, Lower Spending
Black Friday in the U.S. saw record foot traffic but a significant drop in consumer spending, reflecting ongoing inflation pressures and weak consumer confidence . Retailers are adapting to changing shopping behaviors and economic conditions
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International Tourism Continues Strong Recovery
Global tourism has rebounded strongly, with over 1.1 billion international arrivals in the first nine months of 2025, up 5% from the previous year . The Asia-Pacific region led the recovery with an 8% increase in arrivals
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Real Estate Acquisitions by Major Homebuilders
Homebuilders Lennar, Taylor Morrison, and Perry Homes acquired multiple lots in Florida, signaling continued investment in residential development . The deals reflect confidence in the housing market and demand for new construction
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Airbus Grounds Thousands of A320 Planes for Software Update
Thousands of Airbus A320 aircraft were grounded for a software update, causing widespread flight cancellations and travel disruptions . ANA Airlines alone canceled 95 flights, affecting over 13,000 travelers
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