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Boycotts of Western brands by Muslim countries are causing significant revenue declines for major multinationals like Coca-Cola and Starbucks. Meanwhile, a surprising poll reveals that more Americans trust Kamala Harris over Donald Trump to manage the economy. The podcast also highlights how mid-tier U.S. accounting firms are adjusting their strategies to adapt to international demands, and discusses the evolving trends in business travel as executives embrace a new normal.
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- Boycotts of Western brands in Muslim countries, driven by perceived political ties, are leading to significant revenue losses for multinationals.
- Mid-tier US accounting firms are restructuring their global operations to better serve the growing needs of international clients amid increasing competition.
Deep dives
Decreasing Natural Gas Storage in Ukraine
Natural gas storage facilities in Ukraine are experiencing a significant decline in capacity compared to previous years, primarily due to the ongoing conflict with Russia. This summer, companies are storing only about one-tenth of the gas they had last year, raising concerns about the economic repercussions for Ukraine. The war has targeted critical energy infrastructure, creating hesitation among traders who fear further strikes on storage sites. This reduction in storage could severely impact Ukraine's economy, which relies on income generated from these resources.
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Listen to the best highlights from the podcasts you love and dive into the full episode