International

What central banks can do when shocks come from outside

External shocks: central bank policy options

External shocks—from commodity price surges, wars, and pandemics to foreign monetary tightening and abrupt capital flow reversals—create swift and varied challenges for central banks. The suitable rea...

Economy

Istanbul, in Turkey: What makes a retail concept scalable across diverse neighborhoods

Istanbul retail strategy: achieving scalability across districts

Istanbul emerges as a megacity defined by striking contrasts: compact historic districts, heavily visited tourist corridors, sleek business hubs, expansive suburban areas, and two ...

Investments and Business

Why are subscription models evolving toward usage-based pricing?

How changing customer expectations drive usage-based pricing

Subscription models once promised simplicity: pay a fixed monthly fee and get access. That promise worked well when customer needs were predictable and usage patterns were relatively uniform. Today, markets are more dynamic, digital services are more granular, and customers expec...