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Analyst Laura Champine also lowered her price target to $80 from $85, implying a 6% increase for the stock. "New York City office is one of the few REIT subsectors seeing improved demand," the analyst wrote. The bank double-upgraded the e-commerce platform to overweight from underweight and hiked its price target to $62 from $35. Feather added that eBay stock is currently trading at a discount versus peers, with Etsy trading around 35% higher. "JetBlue's DNA aligns with our broader preference for loyalty, premium, and international exposure ... albeit with less vigor than the Big 3," the analyst wrote.

Persons: TD Cowen, Morgan Stanley, Needham, Laura Martin, Andy, Martin, — Jesse Pound, Laura Champine, Champine, — Lisa Kailai Han, Tesla, Emmanuel Rosner, Elon Musk, Rosner, Fred Imbert, John Kim, Kim, SLG, KeyBanc, Eric Heath, Heath, Nathan Feather, Feather, James West's, West, Jamie Baker, Baker, Lisa Kailai Han, Matthew Ramsay, Ramsay Organizations: CNBC, Nvidia, Amazon, Wholesale, BJ's Wholesale, Deutsche Bank, Tesla, Reuters, BMO Capital Markets, Green Realty, New York City, SL Green Realty, SL Green, SL, KeyBanc, eBay, EBAY, GE, ISI, GE Vernova, General Electric, JPMorgan, JetBlue JPMorgan, JetBlue, Jetblue, Technology, NVIDIA, Match Group Locations: China, Manhattan, York City, Wednesday's, York

☆ Then and now: Inside the legendary Orient Express train
▼ + stars: | 2024-04-09 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

The Orient Express, a famed historic train, is being revived by the Venice Simplon-Orient-Express. AdvertisementThe Orient Express is perhaps the most well-known train in history. As the first transcontinental express train in Europe, the Orient Express served the rich and royal on overnight journeys from 1883 to 1977, according to Britannica. According to the company's website, the Venice Simplon-Orient-Express operates 60 routes in 17 cities. So, I compared photos from my trip to historical images of the Orient Express.

Persons: — Organizations: Orient Express, Orient, Express, Service Locations: Venice, Europe, Britannica

☆ The reason luxury travel is so expensive these days
▼ + stars: | 2024-04-01 | by ( Monica Pitrelli | Helen Iatrou | ) www.cnbc.com time to read: +3 min

Luxury hotel rates reached "peak levels" this year, with average daily rates up 70% compared to 2019, according to the luxury travel company Virtuoso. The price for luxury train travel is also soaring, with rates for Accor's yet-to-be-opened La Dolce Vita Orient-Express climbing 75% in 16 months. When money is 'no object'As inflation and rising costs abate, luxury travel prices are holding firm. Wealthy travelers also value new and different experiences, such as luxury train travel, he said. Booking early can save money on airfares, but hotel pricing works differently, he said.

Persons: aren't, Belmond, Accor, Henry Harteveldt, Harteveldt Organizations: CNBC Travel, Dolce Vita Orient, Orient, Express, Atmosphere Research Group Locations: Italy, Venice

☆ Italy's new 'Orient Express' isn't running yet — but rates are already soaring
▼ + stars: | 2024-03-29 | by ( Monica Pitrelli | Helen Iatrou | ) www.cnbc.com time to read: 1 min

Reservations for Italy's new "La Dolce Vita Orient Express" train open Tuesday. Starting rates for a one-night journey on the luxury train increased from 2,000 euros ($2,168) per person in December 2022 to 2,500 euros per person in November 2023. Both rates were set during a pre-sales reservation period, which required a refundable deposit. But starting rates have now jumped to 3,500 euros per person per night, according to a press release published in March. The train is set to start running in the spring of 2025, according to Accor, the French multinational hospitality company that operates the train.

Persons: That's Organizations: Vita

☆ The world’s best dumplings
▼ + stars: | 2024-03-28 | by ( Julia Buckley | ) edition.cnn.com time to read: +17 min

The best way to sample these dumplings is from a street vendor carting a steamer on his bicycle. KartoffelknoedelCarbtastic kartoffelknoedel ExQuisine/Adobe StockFound across Germany, kartoffelknoedel, or potato dumplings, usually accompany meat dishes. Artit_Wongpradu/iStockphoto/Getty ImagesSome dumpling purists say that the Australian dim sim is merely a bastardized version of Chinese dumplings. Joshua Resnick/500px Plus/Getty ImagesFound on Chinese takeout menus in the United States, crab rangoon are deep-fried dumplings served as a side dish. Shish barakShish barak are lamb dumplings served with yoghurt.

Persons: ., Ravioli, –, chao shou, chao, bryndzové, Lisa Wiltse, dumpling, Edward Wong, there’s, Beata Zawrzel, Mayur, Lord Ganesha, Ganesh Chathurthi, Pelmeni, Dim sims, Peng, Kimchi, Jonathan Wong, manti, speck, you’ll, Deb Lindsey, Uszka, Gyoza, Joshua Resnick, Ihor, it’s, It’s, DiAnna Paulk, Paolo Bernardotti, Shish barak Shish barak, Julia Buckley Organizations: CNN, South China Morning, Adobe, Central Asia, Kazakhstan –, Turks, Adobe Stock, Corbis, China Morning, Getty, Turkish, Fascism, Washington Post Locations: . Cheng, South, Italy, Rome, Sichuan, Central, Turkey, China, Azerbaijan, Kazakhstan, Central Asia, Mongol, Slovakia, Slovakian, Indonesian, Bandung, Hong Kong, Eastern Europe, Maharashtra, Germany, Brazil, Siberia, European, Australia, North America, Europe, Tunisian, Argentina, empanadas, Mendoza, USA, Southern, United States, Central Asian, Korea, Alto Adige, Austrian Tyrol, Kathmandu, Poland, Tokyo, rangoon, Asia, Russia, Georgia, Japan, Pennsylvania, Piedmont, Afghanistan

☆ Richard Serra, Who Recast Sculpture on a Massive Scale, Dies at 85
▼ + stars: | 2024-03-26 | by ( Roberta Smith | ) www.nytimes.com time to read: +1 min

The cause was pneumonia, John Silberman, his lawyer, said. Mr. Serra’s most celebrated works had some of the scale of ancient temples or sacred sites and the inscrutability of landmarks like Stonehenge. But if these massive forms had a mystical effect, it came not from religious belief but from the distortions of space created by their leaning, curving or circling walls and the frankness of their materials. This was something new in sculpture; a flowing, circling geometry that had to be moved through and around to be fully experienced. Mr. Serra said his work required a lot of “walking and looking,” or “peripatetic perception.” It was, he said, “viewer centered”: Its meanings were to be arrived at by individual exploration and reflection.

Persons: Richard Serra, John Silberman, Serra’s, Serra Locations: Orient, Long

☆ Xi will probably try to 'play ball' with Trump if he's elected as U.S. president, analyst says
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXi will probably try to 'play ball' with Trump if he's elected as U.S. president, analyst saysAndrew Collier, managing director of Orient Capital Research, discusses how a second Trump presidency might affect China's relations with the United States, saying "from a strategic point of view, Trump may be easier, even though he speaks a harder tone."

Persons: Andrew Collier, Trump Organizations: Trump, Orient Capital Research Locations: United States

☆ China is trying to connect Southeast Asia by high-speed rail. Here’s how that’s going
▼ + stars: | 2024-03-25 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

CNN —Imagine jumping on a train in southwestern China, traveling some 2,000 miles and arriving in Singapore – less than 30 hours later. Southeast Asia is the “obvious” choice because of its “proximity to China,” Bowerman adds. “Beijing, I think, ultimately wants to see Southeast Asian countries within its sphere of geopolitical influence. A staff member waits for passengers to board the Jakarta-Bandung high-speed train during a week-long public trial phase at the Halim station in Jakarta on September 17, 2023. “In the example of a high-speed railway line between Malaysia and Singapore, Singapore would likely have just one stop – Malaysia would have more,” Wong told CNN.

Persons: China’s, Gary Bowerman, ” Bowerman, ”, Pon Souvannaseng, Peerapon Boonyakiat, Bowerman, Pan Wenbo, Pan, Mei Wei, Wei, “ I’m, Xi Jinping’s, Souvannaseng, Hong Kong –, Hong Kong’s, Yasuyoshi Chiba, Wong Muh Rong, ” Wong Organizations: CNN, Initiative, China Railway, Reuters, East Japan Railway Co, Malaysian, Bentley University, of, Communist Party, Laos Railway, Laos Railway cumulatively, Orient Express, Getty Locations: China, Singapore, Asia, Laos, Kunming, Vientiane –, Indonesia, Jakarta, Bandung, West Java, Thailand, Bangkok, Thai, Malaysia, Kuala Lumpur, Southeast Asia, “ China, Peerapon, Cities, Penang, Malacca, Phuket Old Town, Beijing, Vietnam, Philippines, Cambodia, Wat, Siem Reap, ”, Kowloon, Hong Kong, Shanghai, Halim, AFP, “

☆ Disney streaming salary data shows Disney+ and Hulu staffers can earn as much as $385,000 in pay. See the full list.
▼ + stars: | 2024-03-18 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +13 min

In the paid streaming wars, where only a few players will be favored, Disney has established itself as a formidable No. Disney has been pushing a lower-priced ad tier and cracking down on password sharing to drive subscriber growth at Disney+. To see what Disney and Hulu pay for certain jobs, Business Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles. Disney Streaming — $120,000 to $385,057 a yearDisney streaming roles, not including Hulu, Disney has offered between $120,000 and $385,057 a year to some candidates on US work visas.

Persons: Bob Iger, It's, Hulu, Elaine Low, Colin Salao Organizations: Disney, Netflix, ESPN, Star, Business, Netflix's, Hulu, Disney's, Fox Corp, Warner Bros, US, of Foreign Labor, Labor, Consumer, Software Engineering, Data Engineering, Business Intelligence, Software, Account, Growth, Hulu —, Management, Security, Network, Disney Entertainment, Disney Financial Services, Human Resources Services, Workforce Technology, Engineering, Disney Parks Technology, Technology, Digital, Retail Commerce, Disney Worldwide, Walt Disney Attractions Technology, Walt Disney Parks and Resorts, Walt Disney Pictures, & $ Locations: Hulu, Disney

☆ A celebrity stylist helped me pack for a luxury train trip with a dress code. I used a backpack and never repeated outfits.
▼ + stars: | 2024-03-16 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

I took a 30-hour trip on the Venice Simplon-Orient-Express sleeper train. The train has a strict dress code and encourages passengers to wear their finest attire. Celebrity stylist Kim Appelt helped me pack a light, elevated travel wardrobe for the trip. One was a 30-hour ride on one of the world's most luxurious locomotives — the Venice Simplon-Orient-Express. Appelt eased my fears as she helped me pack a light, comfortable, yet elevated wardrobe with versatile neutral pieces and pops of color.

Persons: Kim Appelt, —, Italy —, Appelt Organizations: Orient, Express, Service, Orient Express Locations: Venice, Europe, Paris, Italy, athleisure

☆ Dating apps confused by military GPS jamming could explain why Lebanon's citizens are suddenly being matched with Israelis
▼ + stars: | 2024-03-09 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Dating apps matching Israeli citizens with people in Lebanon are likely due to GPS signal jamming. Lebanese citizens are barred from having any type of contact with Israelis. Tensions were high between the countries even before the latest conflict, and Lebanese citizens have been barred from having any contact with Israelis for years. AdvertisementA Lebanese dating app user said the Israeli profiles were 'gorgeous'A match is not always what it seems. AdvertisementAnother Lebanese dating app user, Omar, said that while he has previously seen the occasional Israeli profile, the volume has recently increased.

Persons: —, ., Abed Al Kataya, Maher, Israel, Hassan Nasrallah, I've, Omar Organizations: Service, Hezbollah, GPS, Lebanese, . People, Facebook Locations: Lebanon, Israel, UAE, Lebanese, Beirut, Tinder

☆ I went on a luxury cruise for the first time. It was worth the $6,000 price tag for 5 reasons.
▼ + stars: | 2024-02-29 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Last summer, I embarked on my first luxury cruise with the adults-only cruise line Virgin Voyages. I booked a seven-day Mediterranean sailing in a cabin with a balcony for $5,900. The ship's unique design, VIP-worthy cabins, and surprising activities made it worth the price. I took the seven-day cruise from Barcelona on the Valiant Lady ship , which has a maximum of 2,700 guests. AdvertisementSix months after my cruise, I'm still thinking about the luxury details that made it worth the price.

Persons: —, I've, Valiant Organizations: Service, Orient Express, Virgin Voyages Locations: it's, Barcelona, Italy, France, Spain

☆ 11 things you should skip at your reception, according to wedding experts
▼ + stars: | 2024-02-26 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: +6 min

Business Insider asked wedding professionals what reception trends and traditions couples can skip to save money and stress. A giant wedding cake isn't necessary or cost-effectiveSheet cakes are more cost effective for a big reception. Stakhov Yuriy/Shutterstock"A huge cake isn't necessary, especially since the high price of a large, elaborate wedding cake often catches couples by surprise," Nickel said. AdvertisementYou shouldn't serve more than three courses at the receptionEven if you and your partner are foodies, a wedding reception isn't the best time for a seven-course dining experience. Dance-floor props can look out of place next to carefully chosen decorThe wedding photographer Amy Kolodziej said that dance-floor props can detract from the elegance of a wedding reception.

Persons: —, Artem Lomaz, Champagne, Brent Lewin, Lindsey Nickel, Lomaz, Nickel, Stakhov Yuriy, Shutterstock, Keith Willard, Willard, Amy Kolodziej, Kolodziej Organizations: Service, Business, Getty, Australian Turf

☆ Harvard-trained investor says this is the 'really powerful' financial lesson she wishes she’d learned at a young age
▼ + stars: | 2024-02-24 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Alexa von Tobel realized the importance of being financially savvy at a young age, but she still wishes she'd learned more about money as a kid. Like most children in the U.S., von Tobel received "no formal education" on personal finance. "Appreciating that you can have your dollars work hard for you, and on behalf of you, is a really powerful concept," von Tobel says. 'A skill set that you need for your whole life'Given her success as a fintech founder and investor, von Tobel clearly mastered that particular financial lesson eventually. "That concept is very powerful," von Tobel says.

Persons: Alexa von Tobel, she'd, von Tobel, Von Tobel's, von Tobel's, von, Von Tobel Organizations: Harvard University, CNBC, Northwestern Mutual Locations: U.S

☆ 3 simple ways to teach your kid about money and 'change their life,' says Harvard-trained investor and author
▼ + stars: | 2024-02-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Money is, simply, "a tool to help you live the life you want to," von Tobel says. Keep it practicalTalk to your kids about money in ways that make sense to them, von Tobel advises. "When you're walking through a store and your child wants something, pick it up [and] show them the price," says von Tobel. Adults often associate money with stress, because they're only thinking about "the things you didn't have," von Tobel says. "Trying to orient kids to have very positive, empowering moments around money early in their lives, we know from data [that] can change their life."

Persons: Alexa von Tobel, Von Tobel, It's, von Tobel, doesn't, Tobel Organizations: Harvard University, Northwestern Mutual, National Financial Educator's, CNBC

☆ In the West Bank, an independent Palestine remains a distant dream
▼ + stars: | 2024-02-17 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

Ramallah and Jerusalem CNN —The world is once again talking about a Palestinian state. Under the Oslo Accords peace agreement, the West Bank has been split into three distinct areas, depending on who is in charge. Israel has full administrative and security control over 60% of the West Bank area, which it continues settling its citizens in. Earlier this month, Biden issued an executive order imposing sanctions on four settlers accused of directly perpetrating violence or intimidation in the West Bank. It was largely here that the plans for a future Palestinian state and its institutions were drawn up.

Persons: Joe Biden, Benjamin Netanyahu, Khalil Shikaki, ”, Ivana Kottasova, “, Israel, –, Biden, CNN Diana Buttu, , it’s, Buttu, ” Buttu, “ We’re, Jo Shelley, Shikaki, Sojoud, Mahmoud Abbas, ” Shikaki, Adnan Joulani, David, Cameron Organizations: Jerusalem CNN, Palestinian Center, Policy, Survey Research, CNN, Palestinian Authority, West Bank, Orient House, Palestine Liberation Organization, Israel, International Court of Justice, Oslo Accords, Fatah, PLO, Israeli Police, Palestinian, Society, International Affairs, British Locations: Ramallah, Jerusalem, Palestinian, Israel, United States, Palestine, United Kingdom, Saudi Arabia, East Jerusalem, Gaza, Oslo, South Africa, Old City, Orient

☆ The Eastern & Oriental luxury train restarted this week — here’s what a trip costs
▼ + stars: | 2024-02-16 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +2 min

The train, which is operated by the luxury travel company Belmond, this week welcomed its first set of passengers since it stopped running as a result of the Covid-19 pandemic. The luxury train has been operating in Southeast Asia since 1993, when it first began shuttling travelers between Singapore and Bangkok. Now Thailand is out, replaced with two new journeys, which start and end in Singapore and explore different sides of Malaysia. The new routes are seasonal, with the "Essence of Malaysia" running from November to February, and "Wild Malaysia" from March to October. Prices start from £3,530 ($4,430) per person for a one-night trip in a historic cabin, according to its website.

Persons: Arnaud Champenois, Belmond's, Andre Chiang, Singapore's, Andre Organizations: Oriental Express, CNBC, Orient Locations: Southeast Asia, Singapore, Bangkok, Thailand, Malaysia, West Coast, Penang, Langkawi, Kuala Lumpur, Wild, Taman, Venice, Europe

☆ Odysseus moon mission will aim for landing near lunar south pole
▼ + stars: | 2024-02-15 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

The imminent launch attempt follows closely on the heels of a separate US lunar landing mission that failed in January. After burning through its fuel, the rocket will detach from Odie, leaving the lunar lander to fly solo through space. Houston-based Intuitive Machines developed the Nova-C moon lander under a NASA initiative. Packed on board the lunar lander are six NASA science and technology payloads. The device is set to pop off of the lunar lander as it approaches the surface and capture images of the vehicle’s descent.

Persons: “ Odie, ”, Odie, NASA’s, Stephen Altemus, NASA Odie, Astrobotic Technology’s Peregrine, Farzin Amzajerdian, Jeff Koons, we’ll, ” Altemus Organizations: CNN, NASA, SpaceX, NASA’s Kennedy Space Center, Payload Services, Langley Research, Embry, Riddle Aeronautical University Locations: Florida, Houston, Russia, Japan, China, India, Hampton , Virginia, Columbia, Daytona Beach , Florida

☆ I took my first luxury train ride, and 6 things surprised me
▼ + stars: | 2024-02-13 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I had a surprising experience on the Venice Simplon-Orient Express, a luxury sleeper train. The train exceeded my expectations with a red carpet, fine dining, and a dress code. But none of those rides surprised me like the Venice Simplon-Orient Express, a luxury Belmond train made of vintage Orient Express carriages that are nearly 100 years old. I recently booked a one-night ride from Paris to Venice, Italy, in the cheapest available accommodation, a private cabin that cost $9,000. This was my first-ever luxury train ride, and while I expected high-end details, some surprises made my trip feel more lavish than I'd anticipated.

Persons: —, I've Organizations: Orient Express, Service, Amtrak Locations: Venice, Europe, Coast, Germany, Austria, Italy, Paris

☆ What the collapse of a company owing $300 billion means for the world
▼ + stars: | 2024-02-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

AdvertisementImportantly, since the court order was made in Hong Kong, it's also unclear if mainland authorities will recognize and comply with the order. However, the company owes about $300 billion — a big shortfall, and there's a clear order of priority when it comes to repayments. How will the Evergrande collapse impact sentiment in China's economy and markets? Notably, the stock market sell-off came before Evergrande's liquidation order. Hong Kong's Hang Seng index ended up slightly higher the day the court order was made.

Persons: —, Kyle Rodda, Rodda, Alvarez, Marsal, Evergrande, it's, Baker McKenzie, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Hong Kong Stock Exchange, Reuters, Deloitte, CSI, Orient Capital Research Locations: Hong Kong, China, Beijing, Asia

☆ Scientists think they've finally solved the millennia-old mystery of why bugs flock to your porch light
▼ + stars: | 2024-01-31 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

The question of what brings insects toward lights of all kinds — from flames to porch lamps — is an ancient one. AdvertisementIt was as if they were using the light source as a way to orient themselves to the sky. Sam FabianBut Fabian said they tested this theory and found that some insects started traveling in a different direction when a new light source switched on. A less-bright future for insectsThere's a reason scientists have long sought to answer the question of why insects are attracted to artificial light. Oboyski also worries that light pollution is impacting the way insects navigate through their environments.

Persons: —, Mary Esther Murtfeldt, Sam Fabian, Chris Robbins, Getty Images Fabian, Yash Sondhi, Fabian, Peter Oboyski, wasn't, Oboyski, Sam Fabian Fish, It's, Sondhi, they're Organizations: Service, Imperial College London, Business, Getty Images, Essig, of Entomology, Nature Communications Locations: Costa Rica

☆ Dream of the Desert: Saudi Arabia is launching its own luxury train
▼ + stars: | 2024-01-29 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +7 min

State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom. The destination has made a number of high-profile tourism investments in recent years – a $500 billion model city in the desert of northwest Saudi Arabia among them. Now Saudi Arabia is getting on board with the slow travel movement in a big way by moving into the luxury train market. Arsenale S.P.A./Saudi Arabia RailwaysSaudi Arabia’s decision to enter the luxury train market comes as demand for high-speed trains and luxury “rail cruises” continues to increase around the world. Infrastructure investmentA rendering of Dream of the Desert, which will be the first luxury train in the Middle Eastern kingdom.

Persons: Paolo Barletta, ” Barletta, S.P.A, Joe Biden, Dolce, ”, Luigi Corradi, King, Khalid al, Falih, Arsenale S.P.A, Bashar bin Khaled Al Malik, Al Malik, CNN’s Lilit Marcus, Ben Jones Organizations: CNN, State, Saudi Arabia Railways, Saudi, Arsenale Group, SAR, Saudi Arabia Railways Saudi, Reuters, “ Orient, Accor, Ferrovie dello Stato, Speed Railway, King Abdulaziz International, Saudi Arabia’s Investment, Projects, Saudi Railway Company, Orient Express, Orient Locations: Saudi Arabia, Saudi, Arabia’s, Riyadh, Qurayyat, Jordan, Hail, Italy, France, Italy’s, Mecca, Medina, Jeddah, Venice, London, Kyushu

☆ China plans to merge 3 bad debt asset managers with its largest sovereign wealth fund, state media reports
▼ + stars: | 2024-01-29 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

The plan to put China Cinda Asset Management , China Orient Asset Management and China Great Wall Asset Management under the jurisdiction of one of the world's largest sovereign wealth funds by assets will happen "in the near future," Xinhua added, without providing any further details. Beijing's actions follow a stock market rout amid burgeoning financial risks stemming from a debt crisis in its real estate sector. Last week, China's central bank announced its largest cut in mandatory cash reserves for banks since 2021. The property market slumped after Beijing cracked down on developers' high reliance on debt for growth in 2020, weighing on consumer growth and broader growth in the world's second-largest economy. China's real estate troubles are closely intertwined with local government finances since they typically relied on land sales to developers for a significant portion of revenue.

Persons: Beijing's Organizations: China Investment Corp, Xinhua, Asset Management, China Orient Asset Management, Wall Asset Management Locations: China, Xinhua, Beijing

☆ I spent $9,000 for just one night on Europe's leading luxury train. Here are 5 reasons it's worth the splurge — and one why it isn't.
▼ + stars: | 2024-01-29 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Read previewThe Venice Simplon-Orient-Express is the epitome of luxury, overnight train travel. Back then, it was renowned for luxury and sophistication, drawing wealthy and celebrity clientele, according to Smithsonian Magazine . This story is available exclusively to Business Insider subscribers. Overnight cabins range from $9,000 to $26,000 per night, depending on the tier of accommodation, according to the company's website . Here's a breakdown of why the overnight trip was — and wasn't —worth $9,000.

Persons: —, I'd Organizations: Service, Orient, Orient Express, Smithsonian Magazine, Business Locations: Amsterdam, Istanbul, Europe, Paris, Venice, Italy

☆ There may be little to recover in the $300 billion Evergrande debt saga
▼ + stars: | 2024-01-29 | by ( Huileng Tan | Nidhi Pandurangi | ) www.businessinsider.com time to read: +5 min

Read previewChina Evergrande — the world's most indebted property developer — received a liquidation order from a Hong Kong court on Monday, but there may be little left to recover, said experts. Hong Kong-listed China Evergrande Group's stock price plunged 21% before the court hearing. But several experts BI spoke to prior to Monday's court order said Evergrande's liquidation will be challenging. AdvertisementIt's bad news for creditors, Mat Ng, the managing director at Grant Thornton, a professional services firm that specializes in restructuring, told BI. Despite the complications that could come with Evergrande's liquidation, there may be some upside in the longer run.

Persons: —, Evergrande, Liquidators, Linda Chan, Chan, Siu Shawn, Mat Ng, Grant Thornton, Ng, That's, John Bringardner, Bringardner, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Evergrande, Reuters, Trading, Securities Times, Deloitte, Investors, Orient Capital Research Locations: China, Hong Kong, Evergrande, Asia

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