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☆ Covid caused a ‘massive spike’ in yacht sales — now some of those boats are back on the market
▼ + stars: | 2024-04-30 | by ( Monica Pitrelli | Poonam Binayak | ) www.cnbc.com time to read: +3 min

The pandemic spurred a "massive spike" in yacht sales, said Richard Allen, chief operating officer of the Hong Kong-based yachting company Simpson Marine. "We've seen a lot of those people, that had their boats for two years, sort of now wanting to travel," he told CNBC. Prices in the pre-owned marketEnthusiasm for yachting remains high, even if sales have fallen since 2021, said Casani. Casani and Allen, who spoke to CNBC on April 26 while attending the second annual Singapore Yachting Festival, agreed that the continent's yachting market is growing. "We need to do a lot of lobbying with governments to make it easier to import boats," said Allen.

Persons: Richard Allen, we've, Paolo Casani, Allen —, Allen, Casani Organizations: Simpson, CNBC, Singapore Yachting Festival, International Council of Marine Industry Associations Locations: Hong Kong, Monaco, Asia, Singapore, Indonesia, Philippines, Vietnam

☆ Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.
▼ + stars: | 2024-04-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +8 min

While the US dithered over aid, Ukraine had a robust argument for prosecuting the war pretty much as it pleased. "Taking out a particular refinery is not going to immediately undermine Russia's war effort," said Dailey, the RAND strategist. "But consistently putting pressure on Russia's oil sector would have a significant impact on Russia's ability to fight this war." AdvertisementVakulenko, in his article, also noted that that strikes on Russian oil refineries have "little impact on Russian export earnings." Later, Ukraine said that its attacks had reduced Russian oil production and processing by 12%.

Persons: —, Ann Marie Dailey, Rafael Loss, Joe Biden's, Marina Miron, Dailey, Volodymyr Zelenskyy, Olga Tokariuk, Tokariuk, Donald Trump, Miron, Whittling, Celeste Wallander, Lloyd Austin, Sergey Vakulenko, There's, Sir Tony Radakin, Biden, James Patton Rogers, Patton Rogers Organizations: Service, White, Telegraph, Business, RAND Corporation, European Council, Foreign Relations, Washington Post, Department of, King's College, London's, House, Carnegie, RAND, Financial, Cornell Brooks Tech Policy Institute, Ukraine Locations: Ukraine, Krasnodar, King's College London, Russia

☆ Saudi Arabia wants big spenders for the first part of its Neom megaproject
▼ + stars: | 2024-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Saudi Arabia plans to open the first part of its Neom megaproject this year. Saudi Arabia is pushing to distinguish itself in the high-end luxury market to compete with Dubai. AdvertisementSaudi Arabia plans to open the first region of its Neom megacity by the end of the year. Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. A rendering of The Line, part of the Neom project planned by Saudi Arabia.

Persons: —, Neom, roadshows, It's, Marriott Bonvoy, Chadi, MDLBEAST, Kristian Coates Ulrichsen, Saudi Arabia hasn't, Ulrichsen, Saudi Crown Prince Mohammed bin Salman's Organizations: Dubai, Service, Arab News, Marriott, United, Rice, Baker Institute for Public Policy, Emirates, Saudi, Bloomberg, Business Locations: Saudi Arabia, Sindalah, China, Saudi, Vives, Dubai, United Arab Emirates, Saudi Crown, Gulf Kingdom

CNN —A Russian court has placed Forbes journalist Sergey Mingazov under house arrest after he was detained for allegedly spreading fake news about the Russian armed forces, the Russian state news agency RIA Novosti has reported. Forbes Russia says its journalist will be under house arrest for at least two months as he awaits trial after being detained on Friday. Bubon said that Mingazov is accused of spreading “knowingly false information” about the Russian armed forces “under the guise” of reliable reporting. Internet ban imposedBubon told Forbes Russia that Mingazov’s house arrest was enforced as a “preventative measure.” In Russia, preventative measures take place pre-trial and include being remanded in custody, released on bail, or placed under house arrest. “It contained, under the guise of being reliable, deliberately false information about… the Armed Forces of the Russian Federation,” it continued.

Persons: Sergey Mingazov, Forbes, “ Forbes, Mingazov, ”, Mingazov’s, Konstantin Bubon, Bubon, “, general’s, Alsu Kurmasheva, Evan Gershkovich, Alexander Nevzorov, Dmitry Gordon, Marina Ovsyannikova Organizations: CNN, Novosti, Forbes Russia, Russian Armed Forces, Mingazov’s, Kremlin, Khabarovsk territory’s, Armed Forces, Russian Federation, Radio Free, Radio Liberty, Wall Street Locations: Russian, Bucha, Ukraine, ”, Kyiv, Ukrainian, Russia, Khabarovsk, Radio Free Europe

☆ 'We are different, we are unique:' Owner of Singapore's One°15 Marina is expanding the brand overseas
▼ + stars: | 2024-04-26 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are different, we are unique:' Owner of Singapore's One°15 Marina is expanding the brand overseasArthur Tay, chairman and CEO of SUTL Group, talks about expanding his ONE°15 brand overseas so others can "understand the Asian ways of indulging in marine and yachting tourism."

Persons: Arthur Tay Organizations: SUTL

☆ What it’s really like to live in Macao
▼ + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com time to read: +9 min

Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.

Persons: CNN — “, ”, Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, “, it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, “, ”, Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s

☆ The week that life in Dubai ground to a halt
▼ + stars: | 2024-04-20 | by ( Abbas Allawati | Abbas Al Lawati | ) edition.cnn.com time to read: +9 min

The United Arab Emirates, of which Dubai is part, saw the heaviest rainfall in at least 75 years, with more than a year’s worth of precipitation in 24 hours. Abandoned vehicles on a flooded highway after a rainstorm in Dubai, United Arab Emirates on Wednesday. People stand as flood water caused by heavy rains covers the stairs of a residential building, in Dubai, United Arab Emirates on Wednesday. A man walks in flood water caused by heavy rains, with the Burj Khalifa tower visible in the background, in Dubai, United Arab Emirates, April 17, 2024. Residents move their belongings on a kayak at a flooded residential complex following heavy rainfall, in Dubai, United Arab Emirates on Thursday.

Persons: hadn’t, Christopher Pike, ”, Sofie, Sheikh, Avinash Babur, Amr Alfiky, Babur, Amr Alfiky Amr Alfiky, Ali Salem, “, wasn’t Organizations: UAE CNN, United, United Arab Emirates, Bloomberg, Getty, Dubai Marina, CNN, “, Dubai “, REUTERS, Reuters, . Schools Locations: Dubai, UAE, United Arab Emirates, Ras Al, Khaimah, Persian, United Arab, Western, lockdowns, freezers, United States, China, Burj Khalifa, Jumeirah

☆ The seemingly AI-generated ads for 'Civil War,' A24's most expensive film, are laughable — especially if you're from Chicago
▼ + stars: | 2024-04-20 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

One image appears to show soldiers in a boat somewhere near Los Angeles pointing their guns at a giant swan. "These are AI images inspired by the movie," the source told the outlet. Promotion for the horror-comedy "Late Night with the Devil" has been bogged down by complaints that the filmmakers used AI. AdvertisementMarketing for "Civil War" has been controversial even beyond the use of AI, with some people criticizing it as misleading. The images A24 posted do not do that feeling — or the movie they're supposed to be promoting — justice.

Persons: —, Wilco, Cmon, zQSEUj9ecd — Alex Pope Organizations: Service, Business, Hollywood Reporter, Miami Locations: North America, America, Chicago, Marina City, York, Los Angeles, Echo, New York

☆ Singapore non oil domestic exports plunge 20.7%, misses expectations by a huge margin
▼ + stars: | 2024-04-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore's non-oil domestic exports plunged 20.7% in March from a year ago, a sharp decline from the revised 0.2% fall in February. The 20.7% fall missed expectations by a huge margin, with economists polled by Reuters forecasting a 7% fall. This is the largest drop in non-oil domestic exports recorded by Singapore since January 2023. On a month-on-month basis, non-oil domestic exports slid 8.4%, also more than the 4.5% expected in the Reuters forecast. Non-oil domestic exports to Singapore's top markets declined in March, particularly for the U.S., the European Union and Japan.

Persons: Singapore's Organizations: Reuters, Enterprise Singapore, European Union, . Enterprise Singapore Locations: Marina, Sands, Singapore, Japan, China, Hong Kong, Taiwan

☆ Dubai flooding: Chaos as UAE records heaviest rainfall in 75 years
▼ + stars: | 2024-04-17 | by ( Brandon Miller | Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

Cars are stuck on a flooded road after a rainstorm hit Dubai, United Arab Emirates on Wednesday. Large jets looked more like boats moving through the flooded airport as water sprayed in their wake and waves rippled through the deep water. Video shared on social media showed furniture flying off balconies. Images published in local media showed traffic gridlocked on Dubai’s Sheikh Zayed Road, a 16-lane thoroughfare. Other videos from social media showed water rushing through a major shopping mall and inundating the ground floor of homes.

Persons: UAE CNN —, Rula Rouhana, Ras, Dubai International Airport –, Dubai’s Sheikh, Stringer Organizations: UAE CNN, United, United Arab Emirates, United Nations, Emergency Management, Wednesday, Dubai International Airport, Emirates, Flydubai, Dubai International, AFP, Getty, Dubai Marina, Dubai Metro, Anadolu, National, of Meteorology Locations: Dubai, UAE, United Arab, Gulf of Oman, Oman, Iran, Ras Al, Khaimah, Pakistan, Iran’s, Chabahar, Sistan, Baluchestan, Emirates, Dubai’s, Business, Persian

☆ Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
▼ + stars: | 2024-04-17 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Dazert said he expects new superyacht sales to "go down a little bit further this year" given the continued costs and delays. Sales of new superyachts (yachts over 100 feet long) fell 17% last year, according to the new SuperYacht Times' State of Yachting report. Superyachts sales took a dive in 2023, as long waiting lists, soaring costs and oligarch sanctions hit demand, according to a new report. Americans are picking up some of the slack, accounting for nearly a quarter of all superyacht sales last year. There are now nearly 6,000 superyachts, triple the number in 2002, according to SuperYacht Times.

Persons: Dazert, Ralph Dazert, Robert Frank Organizations: SuperYacht Times, Times, of Yachting Locations: Times ', Russia, Ukraine, Eastern, Saudi

ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 300 in the USAmerican UFC fans know the drill by now. You can purchase the streamer's PPV Package, which is a one-year ESPN+ subscription with the next UFC PPV fight (in this case, UFC 300) for $134.98. Where to watch UFC 300 everywhere elseThere are a few international viewing options for UFC 300 for those who aren't in the US. Install it on the device you're using to watch UFC 300. UFC 300 Fight Card: Pereira vs. HillMain card - 10 p.m.

Persons: Alex Pereira, Jamahal, we've, Pereira, Hill's, Zhang Weili, Yan Xiaonan, ExpressVPN, Justin Gaethje, Max Holloway, Charles Oliveira, Arman Tsarukyan, Bo Nickal, Cody Brundage, Aleksandar Rakić, Calvin Kattar, Aljamain Sterling, Holly Holm, Kayla Harrison, Sodiq, Diego Lopes, Turner, Renato Moicano, Jéssica Andrade, Marina Rodriguez, Women's, Bobby Green, Jim Miller, Deiveson Figueiredo, Cody Garbrandt Organizations: Business, UFC, ESPN, TNT Sports, US, Hulu Locations: Las Vegas, Canada, ExpressVPN

☆ Pittsburgh Shuts Bridges as 26 Barges Break Loose on Ohio River
▼ + stars: | 2024-04-13 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

The authorities in Pittsburgh closed several bridges as a precaution after 26 barges loaded with coal broke loose on the Ohio River late Friday, drifting miles downstream and damaging a marina, as a flood warning was in effect for the river. There is a risk that the barges could come into contact with the “substructure” of one of the bridges, the McKees Rocks Bridge, the McKees Rocks Police Department said in a statement early Saturday confirming its closure. While floating down the river, the barges caused “extensive damage” to a marina near Brunot Island, the city said. At least 11 barges were found and pinned against a riverbank near the island and held by a tugboat, the city said. But others continued downstream, with six going over the Emsworth Dam, about five miles farther.

Persons: “ Organizations: McKees Rocks Police Department, Campbell Transportation Company Locations: Pittsburgh, Ohio, Brunot, Emsworth

☆ Robert Downey Jr.'s 'showboating' performances in 'The Sympathizer' are polarizing critics. Here's what reviews are saying about HBO's new series.
▼ + stars: | 2024-04-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

The series follows an agent referred to only as the Captain (Hoa Xuande), who's half-Vietnamese and half-French. Aligned with North Vietnam, he's embedded within the South Vietnam army. Critics have generally praised the series, particularly Xuande's performance and Park's direction (in addition to showrunning duties, he directs the first three episodes). Here's a breakdown of where some reviewers stand ahead of the series premiere on HBO Sunday evening. AdvertisementVariety's Alison Herman says that splitting Downey into parts both "deploys and diffuses" the impact of his celebrity on the series.

Persons: Viet Thanh Nguyen's Pulitzer, Hoa, Critics, —, Viet Thanh Nguyen, Chan, Don McKellar, he's, Robert Downey Jr, Xuande, Hopper Stone, Alan Sepinwall, IndieWire's Ben Travers, Tran Bui, Beth Dubber, weren't, Robert Downey's, Laura Sirikul, Sirikul, Variety's Alison Herman, Herman, Christopher Nolan's, Oppenheimer, Nick Schager, Downey, Sandra Oh, Park Chan, Nguyen's, Judy Berman, Rory Doherty, lauds, Doherty, Inverse's, Fred Nguyen Khan, Duy Nguyen, Sepinwall, IndieWire's Travers, Richard Lawson, Schager, Thanh, Fair's Lawson, Marina Fang Organizations: HBO, Viet Thanh, Service, Downey, Stone, Daily Locations: Viet, North Vietnam, Vietnam, United States, Korean

☆ Armie Hammer is still laying low after his fall from grace. Here's what we know about his life today.
▼ + stars: | 2024-04-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Hammer has remained out of the spotlight since his 2021 fall from grace. Effie later accused Hammer in a press conference of raping her, and other women also came forward with allegations about Hammer, Air Mail reported. Chris Pizzello/APThat same month, Hammer and Chambers finalized their divorce, each waiving their right to a divorce trial. AdvertisementHammer has also kept his personal life private but may have briefly been engagedHammer has posted sparingly on Instagram since his fall from grace. According to People, a since-removed Instagram post appeared to show that Hammer had proposed to Gris in October 2023.

Persons: Armie Hammer's, Elizabeth Chambers, Hammer, Chambers, —, Hammer's, Effie, Prosecutors, Jennifer Lopez, William Morris, Kenneth Branagh, didn't, Armie Hammer, Chris Pizzello, Pema Chödrön, Marina Gris Organizations: Service, Air Mail, Air, Los Angeles District, Business, William, William Morris Endeavor, Variety, China Morning Post Locations: Cayman Islands, Hollywood, Gris

☆ Zaha Hadid Architects unveil Muscat waterfront development
▼ + stars: | 2024-04-05 | by ( Rym Bendimerad | ) edition.cnn.com time to read: +3 min

CNN —Oman’s capital of Muscat is set to get an expansive $1.3 billion waterfront development, designed by globally renowned Zaha Hadid Architects (ZHA). The 3.3 million square-meter Al Khuwair Muscat Downtown and Waterfront development will include a residential complex, a marina, a cultural district, numerous canal walkways and a ministerial campus. ZHA’s associate director, architect Paolo Zilli, told CNN he spent around a year finalizing the model he presented to Oman’s Ministry of Housing and Urban Planning. In Muscat, the population is projected to increase from 1.5 million to 2.7 million by that year. “There are a lot of changes,” Dr. Khalfan bin Saeed bin Mubarak al-Shueili, Oman’s Minister of Housing and Urban Planning, told CNN.

Persons: CNN —, Zaha Hadid, Paolo Zilli, ”, ZHA, Khalfan bin Saeed bin Mubarak, “ Organizations: CNN, Oman’s Ministry of Housing, Urban Planning, Oman Ministry of Housing, Urban, Oman’s, Housing, ”, Zaha Hadid Architects, Guangzhou Opera House, United, United Arab Emirates Locations: Muscat, Khuwair Muscat Downtown, Oman, “, Guangzhou, China, Wolfsburg, Germany, Sharjah, United Arab

☆ Billionaires' superyachts are bigger, better, and have more on board than ever
▼ + stars: | 2024-03-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?

Persons: —, Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, —, Monaco Yacht Locations: Russian, superyachting

☆ Best Buy offers to screen LGBTQ nonprofit donations after conservative pressure, filing shows
▼ + stars: | 2024-03-29 | by ( Matt Lavietes | Brooke Sopelsa | ) www.cnbc.com time to read: +9 min

"Best Buy has partnerships with and contributes to organizations and activists that promote the practice of gender transition surgeries on minors and evangelize gender theory to minors. Why are Best Buy shareholders funding the proliferation of an ideology seeking to mutilate the reproductive organs of children before they finish puberty?" "This contentious and vast disagreement between radical gender theory activists and the general public has nothing to do with Best Buy selling electronics." "Were Best Buy to agree to such a compromise with us, we will not make a splash about it." In an email on Friday, GLAAD, one of the LGBTQ nonprofits mentioned in the SEC filing, expressed its displeasure with Best Buy.

Persons: hasn't, Carly Charlson, NCPPR, —, Ethan Peck, Peck, Marina Rizzo, Rizzo, we're, Bud Light, Bud Light's, influencer Dylan Mulvaney, Sarah Kate Ellis Organizations: Securities and Exchange Commission, SEC, National Center for Public Policy Research, Best, HRC, NCPPR's Free Enterprise Institute, SAGE, GLAAD, Rights, PRIDE, NBC, Anheuser, Busch Inbev Locations: States

☆ Creators are growing increasingly concerned about AI as OpenAI's Sora looms and issues of inclusivity and crediting persist
▼ + stars: | 2024-03-26 | by ( Shriya Bhattacharya | Marta Biino | ) www.businessinsider.com time to read: +8 min

"I'm worried about AI stunting creativity, replacing the need to use our brains," said travel creator Jessica Morrobel, who has about 168,000 followers on TikTok and Instagram. Lifestyle creator Joseph Arujo said he primarily uses ChatGPT to format his emails, since he gets a lot of brand partnership requests. AdvertisementCherie Luo, who publishes educational content, said she uses AI to transcribe and summarize her podcast episodes. And UGC creator Salha Aziz said she uses AI for a variety of tasks, including writing scripts for her videos. "It is concerning how good it's getting," said Tales, who has 2.7 million followers on TikTok and Instagram.

Persons: —, Snapchat, I'm, Jessica Morrobel, Noah Jennings, Marina Mogilko, YouTuber who's, Cassey Ho, Joseph Arujo, Cherie Luo, Salha Aziz, Sora, Tyler Perry, he'd, Martin Haerlin, Tristan, Alex Piper, Haerlin, Kahlil Greene, we'll, Nneya Richards, she'd, Richards Organizations: Service, SXSW, Business, Adobe, YouTube, Ferrari, Night Studios, it's Locations: Texas, TikTok

☆ Baltimore businesses are trying to figure out how the bridge collapse will affect them
▼ + stars: | 2024-03-26 | by ( Grace Dean | Mary Hanbury | ) www.businessinsider.com time to read: +5 min

Read previewThe collapse of the Francis Scott Key Bridge in Baltimore could have major effects on distribution and deliveries for businesses in the area. Baltimore's biggest bridge collapsed early on Tuesday morning after a cargo ship crashed into one of its support beams, prompting Maryland Gov. A spokesperson for Volkswagen said its operations were unaffected as its Baltimore facility was "located on the sea board of the bridge collapse." AdvertisementMcCormick, which manufactures spices and seasonings, said in 2020 that it expected its site at Tradepoint Atlantic to become its biggest distribution site. Local businesses prepare for ongoing disruptionThe Hard Yacht Cafe, located about a mile from the bridge, told BI that it wasn't yet clear how the collapse would affect its business.

Persons: —, Francis Scott Key, Wes Moore, Kevin Cartwright, Neil Saunders, Baltimore's Francis Scott Key, Armour, McCormick, we're, Alexander DelSordo Organizations: Service, Maryland Gov, Baltimore Fire Department, Associated Press, Business, Bloomberg, Maryland Transportation Authority, Depot, FedEx, BMW, Volkswagen, Google, Amazon, Volkswagen Group, Audi, Lamborghini, Bentley, CBS, WJZ, Bay Locations: Baltimore, Port of Baltimore, Sparrows, Europe, Mexico, Hawkins

☆ 4 men charged in Moscow attack, showing signs of beatings at hearing as court says 2 accept guilt
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +6 min

Four men accused of staging the Russia concert hall attack that killed more than 130 people appeared before a Moscow court Sunday showing signs of severe beatings as they faced formal terrorism charges. There had been earlier conflicting reports in Russian media outlets that said three or all four men admitted culpability. Russian media said Saturday that one of the suspects had his ear cut off during interrogation. A steady stream of people added to a makeshift memorial near the burned-out concert hall, creating a huge mound of flowers. Igor Pogadaev was desperately seeking any details about his wife, Yana Pogadaeva, who went to the attack concert.

Persons: Dalerdzhon Mirzoyev, Saidakrami Rachabalizoda, Shamsidin Fariduni, Mukhammadsobir Faizov, Rachabalizoda, Mirzoyev, Vladimir Putin, Andrey Kondakov, Marina Korshunova, Rescuers, Igor Pogadaev, Yana Pogadaeva, Pogadaev, couldn't, wasn't, Putin, Russia's Organizations: Associated Press, Crocus City Hall, Islamic State, RIA Novosti, Moscow's Department of Health, Ministry Locations: Crocus, Krasnogorsk, Moscow, Russia, Basmanny, Tajikistan, Russian, Ukraine

☆ Asia markets poised for mixed open as investors await inflation data from the region this week
▼ + stars: | 2024-03-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Roslan Rahman | AFP | Getty ImagesAsia-Pacific markets were set to open mixed as investors await a slew of inflation reports from the region. Singapore and Malaysia will release their February inflation reports on Monday, while Australia's inflation numbers will be out on Wednesday. Tokyo's inflation numbers are due Friday. The capital's inflation numbers are widely seen as a leading indicator of nationwide trends. Futures for Hong Kong's Hang Seng index stood at 16,515, pointing to a slightly stronger open compared with the HSI's last close of 16,499.47.

Persons: Roslan Rahman Organizations: AFP, Getty, Nikkei Locations: Sands, Singapore, Asia, Pacific, Malaysia, Australia, Chicago, Osaka

☆ Malaysia's $100 billion ghost town really wants to draw in tourists. It's not working.
▼ + stars: | 2024-03-25 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +8 min

Forest City, a luxury development in Malaysia, is banking on tourism to shed its ghost town image. AdvertisementWendy Noble lives 15 minutes away from Malaysia's Forest City, across the border in Singapore. Country Garden, the largest developer in China, spent $100 billion building Forest City. "Forest City is able to attract the weekend tourists," Adilah said, referring to tourists like Noble and Nemis. Forest City Golf Resort's lobby, with a miniature figure of the development.

Persons: it's, —, Wendy Noble, Ree Nemis, Noble, Marielle, Nemis, Adilah Zain, Adilah, Sultan Ibrahim, Shawn, Gary, We've, Chandran Organizations: Forest City, Service, Malaysia's, MARA Technological University, Garden, Bloomberg, BI, Forest, Challenge, Hotel Locations: Forest, Malaysia, Malaysia's Forest City, Singapore, Forest City, China, Johor —, Malaysian, Monaco, Challenge Malaysia, Kuala Lumpur

☆ They moved into floating homes and houseboats — and discovered a world of adventure and hidden expenses
▼ + stars: | 2024-03-25 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Read previewMoving into their 360-square-foot floating home a year ago was a dream come true for Sarah Spiro and Brandon Jones. In 2023, there were 70 floating home sales reported on the Regional Multiple Listing Service, or RMLS, which covers the Portland area and a significant part of northwest Oregon, Portland Floating Homes real-estate broker John McPherson told BI. Lily and Dylan Rose moved onto their houseboat on Lake Union in Seattle in June 2019. AdvertisementHome insurance for a floating house tends to be about double what it is for a regular house on land, McPherson said. Additionally, the float — the part of the floating house that's equivalent to a foundation — deteriorates over time, McPherson said.

Persons: —, Sarah Spiro, Brandon Jones, Spiro, keepingafloatwiththejoneses Spiro, Jones, keepingafloatwiththejoneses, Adam Lind, @adam.floatinghome, It's, John McPherson, Lily, Dylan Rose, Elizabeth Earle, BI's Jordan Pandy, Earle, Elizabeth Earle Earle's, McPherson, Daryl Fairweather, Redfin's, Realtor.com, Hannah Jones, it's, Laura Woodley, Woodley, isn't, Kate Fincham, Fincham, Lily Rose, Dylan, Rose, she's Organizations: Service, Business, Portland Floating Homes, Realtor.com, Union, Trust, England & Wales, Lake Union Locations: Fontana Lake, North Carolina, Portland, Oregon, Seattle, Sausalito , California, Johns Island , South Carolina, England, Bluffers Park, Toronto, Lake, Boston

☆ No slowdown in spending among the wealthy on this Bahamian island
▼ + stars: | 2024-03-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). "I hear she's staying right up the street," a woman sitting alone at the bar told us. With a population of only 1,800, Harbour Island and its one and only town, Dunmore Town, makes Saint Barts (population 11,000) look like midtown Manhattan. The woman herself, she explained, had moved to Eleuthera, a 10-minute water taxi ride away, where the hoi polloi rarely come, apparently. All of which begs the question: Why on earth would anyone, let alone Taylor Swift and a bunch of billionaires, come to this tiny speck?

Persons: Taylor Swift, Travis Kelce, speck, bemusement, Barts, she's, eyeing, Saint Locations: Bahamas, Dunmore Town, Manhattan, Eleuthera

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