Austrian Marlene Engelhorn, who inherited from her family who owns the Germany’s chemical giant BASF, poses with a placard reading “Tax the rich!” at the entrance of the Congress center on the opening of the annual meeting of the World Economic Forum (WEF) in Davos, on January 15, 2024. (Photo by Fabrice COFFRINI / AFP) … Read more
Pandemic-era lockdowns ushered in the rise of “travel experiences” — or meaningful, purpose-driven activities that take a deeper, and often slower, dive into a destination. It’s not enough to simply go to a place anymore; many want to learn about it and be mentally transformed along the way. If that sounds like a tall order … Read more
1967 Porsche 910 Source: Bringatrailer.com Bring a Trailer, the popular online auction site for collectible cars, posted record sales in 2023, even as classic-car prices hit the skids. Bring a Trailer’s sales increased about 2% last year to over $1.4 billion from $1.35 billion in 2022, according to the company’s CEO Randy Nonnenberg. Bring a … Read more
Recep-bg | E+ | Getty Images The U.S. Securities and Exchange Commission on Wednesday approved the first U.S. spot bitcoin exchange-traded funds. But experts urge caution before piling into the long-awaited ETFs. The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock, Fidelity, Ark Invest, WisdomTree and Grayscale. The new investment provides … Read more
Social media posts by Maldivian officials may cost the country millions in tourism revenue, as calls by Indian travelers to boycott the island nation intensify. “We are seeing a 40% drop in bookings over the last two days,” Ankit Chaturvedi, vice president and global head of marketing at the India-based travel software company Rategain, … Read more
The airline industry’s dramatic climb from the depths of the pandemic may be ending soon. A review of multiple reports shows stabilization across several key metrics, as rapid growth ends and a new era of normalcy begins. “2024 is expected to mark the end of the dramatic year-on-year increases that have been characteristic of the … Read more
Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist’s first known nude, at the Christie’s auction house in Paris on May 18, 2022. Emmanuel Dunand | Afp | Getty Images Wealthy, young collectors in Asia have been fueling demand for art — particularly … Read more
Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | Afp | Getty Images Gautam Adani is the richest person in Asia again, according to Bloomberg Billionaires Index’s updated figures Friday. The founder and chairman of the Adani Group regained pole … Read more
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images The average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary by 1 p.m. London time on Thursday, according to estimates from the High Pay Centre think tank. The … Read more
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi … Read more
