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☆ Rolls-Royce is growing its factory so it can build cars more slowly
▼ + stars: | 2024-04-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.

Persons: Royce, “ We’re, ”, Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry

☆ The super-rich are buying more ultra-customized Rolls-Royces and Lamborghinis
▼ + stars: | 2024-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +10 min

Lamborghini sold more than 10,000 vehicles last year for the first time ever and Ferrari had a more than 17% increase in revenue. But customers purchasing Lamborghinis, Rolls-Royces and Bentleys have an even wider array of infinitely customizable paint colors and interior materials, to start with, than carmakers offer for less expensive brands. If the customer has a favorite shirt, for example, the car paint could be matched to the fabric color. At Dixon’s Rolls-Royce dealership three quarters of the roughly 90 cars sold each year include some degree of custom options, she said. While she and Rolls-Royce’s design team can provide guidance, in the end, the choices have to be the customer’s.

Persons: Royce, Ferrari, Lamborghini, Bentley, ”, Stephan Winkelmann, Lewis Hamilton, Altrata, Royce Cullinan, Javier Gonzalez Lastra, “, ” Gonzalez Lastra, Pietro Frigerio, Kellyn Dixon, Dixon, Bugatti Chiron, Bugatti, Chiron, Lamborghini’s Winkelmann Organizations: California CNN, Lamborghini, Ferrari, Bentley, Royce, CNN, Ferrari’s, Tema, Volkswagen, Ford, Art Basel Miami Beach, Rolls Royce, Bugatti, Bugatti Bugatti Locations: Irvine, California, Newport Beach , California, Irvine , California, Goodwood

☆ An 11-year-old girl is going viral on TikTok after showing off her luxury outfits including a $124,000 watch and a $31,000 handbag
▼ + stars: | 2023-12-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

11-year-old Moo Abraham went viral on TikTok this year after showing off her lavish lifestyle. Videos on the account of Love Luxury, a store owned by her parents, show her modelling clothes and jewelry worth thousands. AdvertisementAn 11-year-old girl has caused a stir on TikTok and divided users' opinions as videos of her showing off her luxury items including a $124,000 watch and a $31,000 Hermés handbag have gone viral. The Patek Philippe Nautilus 5711 , which was discontinued by the brand, is being resold for anywhere between £70,000 ($87,000) to £266,798 ($333,000) on the luxury watch marketplace Chrono24. Business Insider couldn't independently verify whether Moo Abraham owns the items she models, or whether they are stock in her parents' store.

Persons: Moo Abraham, —, Emily, Adam Abraham, Louis Vuitton, Dior, Gucci, billionairesdaughter, She's, Emily Abraham, she's, Philippe, Kelly, Philippe Nautilus, couldn't, Moo, Royce Cullinan, item's Organizations: Service, Love, Philippe Nautilus, Fashion Locations: London, TikTok, Knightsbridge , London, Dubai

☆ Rolls-Royce CEO Torsten Muller-Otvos retires after boosting sales six-fold
▼ + stars: | 2023-10-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Rolls-Royce CEO Torsten Muller-Otvos unveils the new coachbuilt Rolls-Royce Boat Tail on May 27, 2021, at the Home of Rolls-Royce in Goodwood, West Sussex, England. Torsten Muller-Otvos, the Rolls-Royce CEO who turned an aging brand into a coveted badge of success for pop stars, athletes and young entrepreneurs, is retiring after 14 years. Rolls-Royce announced Thursday that Muller-Otvos, 63, the longest serving CEO of Rolls-Royce in nearly a century, will retire on December 1. Muller-Otvos brought new shine to the Rolls-Royce brand and became a leader in the luxury world by attracting a new generation of wealthy buyers. Muller-Otvos is the longest-serving CEO of Rolls-Royce since Claude Johnson, who brought Charles Rolls and Henry Royce together in 1904 and served until 1926.

Persons: Torsten Muller, Otvos, Muller, Chris Brownridge, " Muller, Claude Johnson, Charles Rolls, Henry Royce, Cullinan, Royce Organizations: Royce, BMW UK, Muller, CNBC, NBA Locations: Goodwood , West Sussex, England, U.S

☆ UAE crypto scammer sentenced to 8 years in prison for multimillion dollar fraud scheme
▼ + stars: | 2023-07-19 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

A United Arab Emirates resident and Nigerian citizen was sentenced to 8 years in federal prison for orchestrating a multi-million dollar fraud scheme that victimized businesses across the U.S., Illinois federal prosecutors said. Ponle worked with a network of scammers to masquerade as corporate entities using phishing emails. Ponle will forfeit those items, collectively valued at over $1 million, and pay more than $8 million in restitution to victim companies. Ponle was prosecuted despite the lack of an extradition treaty between the UAE and the United States. Federal officials at the DOJ'S Office of International Affairs worked with their UAE counterparties to secure Ponle's rendition.

Persons: Olaekan Jacob Ponle, Ponle, Royce Cullinan, Lamborghini Organizations: Jumeirah, United, United Arab Emirates, Federal Bureau of Investigation, Justice Department, Royce, UAE, Federal, DOJ'S, International Affairs, UAE counterparties Locations: Dubai, United Arab Emirates, United Arab, U.S, , Illinois, UAE, Nigeria, Nigerian, United States

☆ I got chauffeured in a $500,000 Rolls-Royce and saw firsthand how nice life is for the .1%
▼ + stars: | 2023-07-12 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I got driven in the Rolls-Royce Cullinan SUV and Ghost sedan. The Rolls-Royce Cullinan starts at around $400,000. Getting whisked to my destination in a $500,000 Rolls-Royce Cullinan SUV provided an even fuller picture of the good life — and disproved once and for all the notion that you can't get any happier after making $75,000 per year. The Rolls-Royce Cullinan's headrest had trim that matched the cabin's blue theme. The Rolls-Royce Ghost is little sibling of the Phantom.

Persons: Royce Cullinan, Royce, I'd, Tim Levin, Royce Cullinan's, Cullinan, Royce Cullinan's headrest Organizations: Royce, SFO, BMW, TSA Locations: New York, San Francisco, Napa, Nobu, Riding, steerage

☆ With Slashed Funding, British Museums Turn to Philanthropy
▼ + stars: | 2023-06-23 | by ( Alex Marshall | ) www.nytimes.com time to read: +2 min

Although the National Portrait Gallery soon secured large grants from several donors, including some from the United States, it also had setbacks. In 2019, the museum turned down a $1.3 million donation from the Sackler family’s charitable arm. Although the National Portrait Gallery eventually raised enough for the renovation, it has struggled in other fund-raising drives. It is widely considered one of the most important portraits of a person of color in British art history. The trans-Atlantic collaboration was “hopefully a good blueprint” for other museums struggling to buy masterpieces, Hilliam added.

Persons: Ramos, Cullinan, ”, Joshua Reynolds’s “, Mai, Sarah Hilliam, Hilliam Organizations: Sackler, Purdue Pharma, Paul Getty Museum Locations: United States, London, Los Angeles

☆ Diversity takes center stage at the new National Portrait Gallery in London
▼ + stars: | 2023-06-22 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +7 min

London CNN —When The National Portrait Gallery opened its doors to the public in London on Thursday, it was the first time in three years it has done so. The National Portrait Gallery was officially opened by Catherine, Princess of Wales, seen standing in front of Joshua Reynolds’ Portrait of Mai (Omai). Why would the National Portrait Gallery commit to taking this work they wouldn’t see until it’s finished, 90% of which is created by non-artists? What did she do?” Haworth told the National Portrait Gallery about the figure. Some art critics have been scathing of the gallery’s rework, with Jonathan Jones at the Guardian dubbing it “the same old cocktail party.” His review begins: “The National Portrait Gallery has been closed for three years.

Persons: Princess Catherine of Wales, ”, Jamie Fobert, Purcell, The Mary Weston, David Parry, Tracey Emin, Sam Taylor Johnson’s, David Beckham, Zadie Smith, Toyin Ojih Odutola, Sir Michael Eavis, Peter Blake, Ada Lovelace, Margaret Sarah Carpenter, Catherine , Princess of, Joshua Reynolds ’, Mai, Paul Grover, Jann Haworth, Liberty Blake, Boudicca, Elizabeth I, Mary Beard, Beatrix Potter, Agatha Christie, Nicola Adams, Pepper’s, Haworth, ” Blake, “, ” Jann Haworth, Toby Hancock, Blake, “ It’s, ’ It’s, it’s, ” Haworth, Oliver Hess, Jonathan Jones, Nicholas Cullinan, You’ll Organizations: London CNN, Jamie Fobert Architects, Getty, Chanel Culture Fund, Olympic, Beatles, Art, CNN, Guardian Locations: London, United Kingdom, Britain, The, Nigerian American, Glastonbury, British, Catherine , Princess of Wales, AFP, Salt Lake City

☆ The procession path for King Charle’s coronation and the crowns and jewels he is wearing
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +7 min

The coronation ceremony followed a procession from Buckingham Palace. Coronation chair The coronation service is a solemn, religious occasion full of symbolism. The chair was cleaned ahead of this year’s ceremony for King Charles. The bejewelled Sword of Offering, made for the coronation of George IV in 1821, was one of the objects used during the coronation ceremony. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ Why is Camilla being crowned and will she be called ‘Queen’?
▼ + stars: | 2023-05-06 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —Queen Camilla? On Saturday, Camilla became the 29th Queen Consort to be crowned at Westminster Abbey. Many wives of a sitting monarch have often been titled as Queen, with the most recent example being Elizabeth II’s mother, Queen Elizabeth. But the first time we saw his wife titled as “Queen Camilla” was in the elaborate coronation invitations sent out to esteemed VIPs. “The coronation is an appropriate time to start using ‘Queen Camilla’ in an official capacity,” the royal source said.

☆ World leaders gather in London for King Charles' coronation
▼ + stars: | 2023-05-05 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

Summary King Charles to host reception for world leadersRoyal fans gather on The Mall for coronationAcross Britain, preparations underwayPolls show many apathetic, question cost of lavish eventLONDON, May 5 (Reuters) - King Charles will hold a reception on Friday for world leaders gathered in London for his coronation this weekend, the biggest ceremonial event to be staged in Britain for 70 years. She will be among the world leaders attending the reception at Buckingham Palace on Friday evening which the king and queen will host along with other senior members of the royal family. The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation on Saturday even though both are life-long republicans who do not shy away from making their positions clear. The St Edward's Crown, which weighs about 2.2 kg (4 lb 12 ounces) and dates back to 1661 and the reign of his namesake King Charles II, will be placed on his head during the ceremony. Buckingham Palace said it expected it would provide an economic lift for Britain's struggling economy.

☆ Factbox: The crowns, jewels, swords and spoon used at King Charles' coronation
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +5 min

LONDON, May 5 (Reuters) - The ceremony for King Charles' coronation at Westminster Abbey in London on Saturday will involve historic regalia ranging from sceptres and maces to a ring and a spoon. It replaced an original crown believed to date back to the 11th century Anglo-Saxon king of England, Edward the Confessor. SOVEREIGN'S SCEPTRE WITH DOVEThis is the second sceptre used in the ceremony, representing the sovereign's spiritual role. It was used to anoint King James 1 in 1603 and has featured at every coronation since. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ The procession path for King Charle’s coronation and the crowns and jewels he will wear
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +7 min

The coronation ceremony will begin at 1000 GMT following a procession from Buckingham Palace. Coronation chair The coronation service is a solemn, religious occasion full of symbolism. The chair is being cleaned ahead of this year’s ceremony for King Charles. The bejewelled Sword of Offering, made for the coronation of George IV in 1821, is one of the objects used during the coronation ceremony. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ South Africans call for UK to return diamonds set in crown jewels
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

The diamond, which weighs 530 carats, was discovered in South Africa in 1905 and presented to the British monarchy by the colonial government in the country, which was then under British rule. "The diamond needs to come to South Africa. Officially known as Cullinan I, the diamond in the sceptre was cut from the Cullinan diamond, a 3,100 carat stone that was mined near Pretoria. A smaller diamond cut from the same stone, known as Cullinan II, is set in the Imperial State Crown which is worn by British monarchs on ceremonial occasions. A replica of the whole Cullinan diamond, which is about the size of a man's fist, is displayed at the Cape Town Diamond Museum.

☆ What King Charles' coronation means for the UK economy
▼ + stars: | 2023-05-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

But the UK economy as a whole could suffer as workers take an extra day’s holiday. John Lewis' Coronation Lewis Bear. John Lewis & PartnersDepartment store John Lewis has had to limit in-store purchases of its Coronation Lewis Bear to two per household, and the teddy is out of stock online. For the coronation, UK luxury brands “have procured unique merchandise at all levels of the economy and we’re seeing people buying it, particularly Americans and EU customers,” she added. (The coronation holiday will be the third holiday Monday this month.)

Charles’ coronation is expected to be shorter than his mother’s seven decades ago. The spot where King Charles will be crowned inside Westminster Abbey Dan Kitwood/Getty ImagesWhat happens during the coronation service? Which crown will King Charles use? How is King Charles making the ceremony more inclusive? Don’t missThe coronation of King Charles III brings pageantry, revelry, and new questions – is the monarchy relevant in the modern world?

☆ Factbox: From holy oil to sceptres and a spoon: King Charles' coronation ceremony
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +5 min

LONDON, April 9 (Reuters) - The ceremony for King Charles's coronation at Westminster Abbey in London on May 6 will involve historic regalia ranging from sceptres and maces to a ring and a spoon. It replaced an original crown believed to date back to the 11th century Anglo-Saxon king of England, Edward the Confessor. SOVEREIGN'S SCEPTRE WITH DOVEThis is the second sceptre used in the ceremony, representing the sovereign's spiritual role. The bejewelled Sword of Offering, made for the coronation of George IV in 1821, is one of the objects used during the coronation ceremony. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ Faraday Future starts EV production of FF 91 after months-long delay
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - Faraday Future Intelligent Electric Inc (FFIE.O) said on Wednesday it has started production of its much-delayed first luxury electric car, FF 91 Futurist, at its California factory. "This shows that FF has entered a new phase under the governance and operation of the new board and management," founder YT Jia said in a statement. The FF 91 Futurist is expected to be offered in both the U.S. and China markets, with initial 2023 sales to begin in Los Angeles, San Francisco, New York, Shanghai and Beijing, the company said. Deliveries in the U.S. will begin at the end of April 2023, a spokesperson for Faraday Future told Reuters, but did not give details on who the first customers would be. Reporting by Yana Gaur and Jyoti Narayan in Bengaluru; Editing by Sherry Jacob-Phillips and Uttaresh VenkateshwaranOur Standards: The Thomson Reuters Trust Principles.

☆ Rolls-Royce, Bently and Lamborghini had record sales last year, again
▼ + stars: | 2023-01-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

Rolls-Royce, Bentley and Lamborghini, car brands that cater to billionaires, had record sales again last year. In fact, it was the third record year in a row for Bentley and the second consecutive record for Rolls-Royce and Lamborghini. The Lamborghini Urus SUV accounted for more than half of that brand’s sales last year while, for Bentley, the Bentayga accounted for 42% sales. The Rolls-Royce Cullinan SUV accounted for nearly half of that brand’s sales last year. The amount of money Rolls-Royce customers paid for options on their cars and SUVs rose to record levels last year.

☆ Rolls-Royce sees record sales 2022, no slowdown in spending by the wealthy
▼ + stars: | 2023-01-09 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. "We haven't seen seen any slowdown or downturn," Muller-Otvos told CNBC. Still, the U.S. was the largest market overall for Rolls-Royce in 2022, accounting for nearly 35% of its global sales, Muller-Otvos said. China, its second-largest market, saw a slight decline in sales but still claimed 25% of global sales and posted its second-strongest year for the company. The company's SUV, the Cullinan, was its best seller in 2022 making up about half of global sales, Muller-Otvos said.

☆ Faraday Future slides on signaling need for funds to start production
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - Shares of Faraday Future Intelligent Electric (FFIE.O) tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional financing. The company is in talks with new and existing investors to raise the $150 million to $170 million in capital needed to start production in March and deliveries a month later of the FF 91 Futurist, Faraday disclosed on Thursday. The company, which said it required investors to approve an increase in the number of shares to secure the financing, is also grappling with top-level changes. Last month, the board appointed Faraday Future's China Chief Executive Xuefeng Chen as its global CEO after Carsten Breitfeld was asked to resign. Reporting by Akash Sriram in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Apple workers in Australia plan Christmas strike
▼ + stars: | 2022-12-09 | by ( Praveen Menon | ) www.reuters.com time to read: +3 min

SummarySummary Companies About 200 Apple workers to strike ahead of Christmas weekendStriking workers asking for better work conditions, wagesIndustrial action comes at peak time for Apple salesSYDNEY, Dec 9 (Reuters) - Hundreds of Apple workers in Australia are preparing to go on a strike ahead of Christmas to demand better working conditions and wages, union leaders and staff said, a move likely to hurt the iPhone maker's sales and services in the country. read moreMembers of Australia's Retail and Fast Food Workers Union (RAFFWU) are asking Apple Inc (AAPL.O) for fixed rosters, known hours of work, weekends of two consecutive days and an agreed annual wage rise. Striking workers would walk out of Apple's retail outlets at 3 p.m. (0400 GMT) on Dec. 23 and stay away throughout Christmas Eve, usually a peak time for sales of Apple iPhones, watches and other products. In June this year Apple workers in Maryland became the first retail employees of the tech giant to unionise in the United States. Apple workers staged a full day strike in October and also a one-hour walkout later that month.

☆ These biotech stocks look cheap — and analysts give 2 more than 100% upside
▼ + stars: | 2022-11-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

U.S. biotech stocks have been on the up recently. To identify biotech stocks that look cheap and are expected to rally looking ahead, CNBC Pro screened the iShares Biotechnology ETF on FactSet. The ETF, which tracks U.S. biotech stocks, has jumped around 10% in the past month, and risen more than 4% in the past week. Two stocks stood out as having average potential upside of more than 100%, and a buy rating from all analysts who cover them. One stock — Chimerix — had an average price target upside of 266% from analysts, 83% of whom gave it a buy rating.

☆ Apple workers in Australia gear up for more strike action
▼ + stars: | 2022-10-31 | by ( Lewis Jackson | ) www.reuters.com time to read: +1 min

Results released on Monday show 68% of Apple workers rejected a workplace agreement proposed by management with 87% of Apple's almost 4,000 Australian workers participating. Members of the Retail and Fast Food Workers Union (RAFFWU), one of three involved in negotiations and representing around 200 workers, will meet on Monday night and union representatives say more strikes will "absolutely" be discussed. Our members have been engaged in pretty serious work bans and strikes," RAFFWU secretary Josh Cullinan told Reuters by phone. Negotiations began in August when Apple proposed a new set of locked-in wage rises and conditions that unions say mean real wage cuts and poor work-life balance. Apple says its minimum pay rates are 17% above the industry minimum and that full-time workers get guaranteed weekends.

☆ Workers at Apple stores in Australia went on strike for an hour and are refusing to repair AirPods or handle deliveries in a dispute over pay and conditions
▼ + stars: | 2022-10-19 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Dozens of Apple workers in Australia went on strike on Tuesday in a dispute over pay and conditions. The workers are now refusing to repair AirPods, fix screens, or handle deliveries. "Apple workers represented by RAFFWU have stepped up where no other retail workers in Australian history have gone. Apple workers were not permitted to speak to media but made comments that could be heard by reporters, per The Herald. In June, an Apple store in Towson, Maryland became the first to officially unionize.

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