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A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an estimated 1.5 billion dirhams ($408 million). Spanning 12 million square feet of floor space, the mall is also connected to the Burj Khalifa, the world's tallest skyscraper. The mall's developer, Emaar Properties this week announced the building's expansion plan, which will add 240 new luxury stores and food and drink venues. "The new Dubai Mall expansion is a great addition to one of the most visited sites in the world," Mohamed Alabbar, Emaar founder, said in a statement.
Persons: Mohamed Alabbar Organizations: United Arab Emirates, SEGA Locations: Dubai, United Arab, DUBAI, Burj, UAE, Ukraine
The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.
Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida
Gold rangebound as traders seek more U.S. data for Fed cues
  + stars: | 2024-06-05 | by ( ) www.cnbc.com   time to read: +1 min
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Friday, Oct. 13, 2023. Gold prices rose slightly on Wednesday helped by lower Treasury yields, but were stuck in a tight range as investors waited for more U.S. data to gauge the Federal Reserve's next step on monetary policy. U.S. gold futures rose 0.3% to $2,354.50. Benchmark 10-year Treasury yields lingered near their lowest level in almost three weeks hit on Tuesday, making bullion more attractive to investors. The U.S. services data is due at 1400 GMT.
Persons: Matt Simpson Organizations: Korea Gold Exchange, Federal, Index, Gold Locations: Seoul, South Korea, U.S
A War on the Nile Pushes Sudan Toward the Abyss
  + stars: | 2024-06-05 | by ( Declan Walsh | Ivor Prickett | ) www.nytimes.com   time to read: +1 min
The national film archive was blown open in battle, its treasures now yellowing in the sun. Artillery shells soar over the Nile, smashing into hospitals and houses. Khartoum, the capital of Sudan and one of the largest cities in Africa, has been reduced to a charred battleground. Another nine million have been forced from their homes, making Sudan home to the largest displacement crisis on earth, the United Nations says. Fueling the chaos, Sudan has become a playground for foreign players like the United Arab Emirates, Iran, Russia and its Wagner mercenaries, and even a few Ukrainian special forces.
Persons: Wagner Organizations: Nations, United Arab Locations: Khartoum, Sudan, Africa, United Arab Emirates, Iran, Russia
Unwilling to chance the New York City market — in which homes usually just get more expensive — the couple decided to stay put. Enter architect Robert Garneau, who first experimented with flexible spaces in his own New York City apartment 25 years ago. The whole apartment, located on Manhattan's family-friendly Upper East Side, clocks in at 400 square feet. According to The New York Times, which first profiled the apartment, the couple purchased it in 2006 for around $300,000. AdvertisementThe family has now lived comfortably in the renovated apartment for over two years — take a look inside.
Persons: , Robert Garneau, who's, Murphy, Garneau Organizations: Service, New, Business, The New York Times Locations: Manhattan, New York City, New York City , California, Spain, France
But with the rising cost of living, Joe is apprehensive about the future. His experience echoes that of many HIFIs, a group of Americans who are defined as high income, financially insecure. Joe doesn't feel wealthy, despite a six-figure incomeRight before the pandemic, Joe estimates he and his wife made about $150,000 together. And, despite his household income, Joe doesn't feel wealthy. He doesn't feel like he's saved enough in his 401(k), and he worries his current spending will hurt his future.
Persons: , Joe doesn't, Joe, we're, Zers, Gen Zers, Debra Kaplan, Kaplan, they're, We're Organizations: Service, Business, BI Locations: Austin
The departure of the company’s chief product officer adds to a “wall of worry” Raymond James analysts said. Choe joined Lululemon more than seven years ago and became chief product officer in 2018, according to her LinkedIn. “I think that there’s a lot of people out there who believe that she was the person behind the scenes and was the most instrumental to Lululemon’s success,” Nikic said. Lulu has been “hyper aware” of dupe culture, Nikki Neuburger, then its Chief Brand Officer, previously said in an interview with CNN Business. However, Lululemon wasn’t stocked enough in these smaller sizes, which could have led these younger shoppers to competitors, Nikic said.
Persons: New York CNN —, Lulu, Alo, , Sun Choe, ” Raymond James, Choe, Raymond James, Tom Nikic, , ” Nikic, Mike Kemp, Vuori, Nikki Neuburger, Hailey Bieber, Martha Stewart, Lululemon, Nikic, Calvin McDonald, Samsul Said Organizations: New, New York CNN, preteens, Nike, Wall, Vans, CNN, Jefferies, CNN Business, Shoppers, Bloomberg, Getty Locations: New York, athleticwear, Covent, London, United Kingdom, Los Angeles, preteen, Bukit Bintang, Kuala Lumpur, Malaysia, China
Chinese trade group seeks drone jammers for Russian buyers
  + stars: | 2024-06-05 | by ( Laura He | ) edition.cnn.com   time to read: +5 min
Hong Kong CNN —A Chinese government trade body has sought drone detectors and jammers for apparent Russian buyers, adding to concerns that Beijing may be supplying dual-use technology to Moscow. They are known for being used by the Russian army during its 2022 invasion of Ukraine to identify drone activity. He told CNN by phone that it was removed because it was “improper.” CNN has also reached out to the Yunfu trade association for comment. Mastro said she is “not particularly surprised” that local Chinese governments would help Russian companies seek drone equipment. Last week, the US warned it could act against Chinese firms and financial institutions in response to Beijing’s alleged backing of Russian war efforts.
Persons: Vladimir Putin, Xi Jinping, Volodymyr Zelensky, , , Oriana Skylar Mastro, Stanford University’s Freeman, Mastro, doesn’t, Antony Blinken, Washington Organizations: Hong Kong CNN, Guangdong Provincial Association, Promotion of, province’s Commerce Department, Assel Labs, 3MX, City’s Association, Promotion of International Trade, United, CNN, US, Stanford, Stanford University’s Freeman Spogli Institute for International Studies Locations: China, Hong Kong, Beijing, Moscow, Guangdong, Russia, Russian, Ukraine, United States, Singapore, “ Beijing
Knox, Sollecito and Ivory Coast native Rudy Guede, whose DNA was present in the murder room, were all convicted of the murder in 2009. Guglielmo Mangiapane/Reuters/FileKnox and Sollecito’s murder convictions were overturned by a Perugia appellate court in 2011 after an independent review of key forensic evidence, only to have that acquittal overturned by Italy’s supreme court in 2013. The 36-year-old Seattle native, now a mother of two, along with Sollecito, were definitively cleared in 2015 of Kercher’s murder after Italy’s supreme court voided the 2013 re-conviction. After being cleared of murder, Knox remained convicted of slander against Lumumba, a ruling upheld by Italy’s supreme court in 2015. The decision will then have to go to Italy’s supreme court once more.
Persons: Rome, Amanda Knox, Knox, Patrick Lumumba, Meredith Kercher, Lumumba, Raffaele Sollecito, Rudy Guede, Guede, Sollecito, Guglielmo Mangiapane, Italy’s, ” Knox, Monica Lewinsky Organizations: Rome CNN, Democratic, Ivory Coast, of Human, CNN, White House, Hulu Locations: Italy, Italian, Perugia, Kercher’s, Democratic Republic of Congo, Sollecito, Ivory, Seattle, Florence
The sophisticated scheme boosted revenue flowing into the coffers of The Epoch Times, the Justice Department said. In one year, revenue at the Trump-boosting outlet ballooned 410%, jumping from $15 million to about $62 million, the Justice Department added. But, when CNN asked for further comment on Tuesday, The Epoch Times brass chose to stay mum. The indictment said there was an entire group at The Epoch Times that took part in the alleged money laundering scheme. Notably, Tang and Fakkert declined to answer questions about whether they were aware of the alleged scheme.
Persons: Donald Trump’s, Weidong Guan, Guan, MAGA, Gong, Mark Zuckerberg, Trump, , , Department’s, Guan —, John Tang, Jasper Fakkert, Tang, Fakkert, It’s Organizations: New York CNN, Department of Justice, Times, Epoch Times, Justice Department, Trump, Department, Fox News, New York Times, Facebook, NBC News, Epoch, CNN, Outfront, PayPal, Justice Locations: New York, , China
"A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai," Dhruba Jyoti Sengupta, CEO of Wrise Private Middle East, told CNBC Pro on May 31. Sengupta — whose firm serves ultra-high-net-worth and high-net-worth individuals across Asia, the Middle East and Europe — said he regularly receives inquiries from individuals about investing in Dubai. The consultancy firm, which tracks private wealth and global investment migration trends, ranked it as the 21st wealthiest city in the world. "In fact, the super-wealthy do a lot of diversification and invest in different geographies and assets using Dubai as a gateway." Portfolio allocation Sengupta also revealed how individuals with around $10 million to invest typically allocate funds: $3 million (30%) in wealth accumulation.
Persons: Dhruba Jyoti Sengupta, Sengupta —, Europe —, Sengupta Organizations: Wrise, CNBC Pro, United Arab, Henley & Partners, Citibank Locations: India, South Korea, Dubai, Asia, East, Europe, Indonesia, United Arab Emirates, Africa
CNN —The woman mayor of a town in western Mexico was shot dead Monday, authorities said, just hours after the country elected its first female president in a race marred by deadly attacks on candidates. Yolanda Sánchez Figueroa, mayor of Cotija in Michoacán state, was walking from a gym back to her house with her bodyguard when they were shot by people in a white van, the state attorney general said in a statement. Both Sánchez Figueroa and her bodyguard later died in hospital, it said, adding that an investigation has been launched. According to the think tank Mexico Evalua, around 95% of all crimes nationwide went unsolved in the country in 2022. Sánchez Figueroa had previously been kidnapped in September 2023 in the city of Zapopan, and was released three days later.
Persons: Yolanda Sánchez Figueroa, Sánchez Figueroa, Sánchez, Claudia Sheinbaum, Claudia Sheinbaum's, Pedro Pardo, Andrés Manuel López Obrador, Morena, Organizations: CNN, Getty, state’s Ministry of Public Security Locations: Mexico, Cotija, Michoacán, AFP, Zapopan
Hunter Biden has pleaded not guilty to charges of illegally purchasing and possessing a gun while abusing or being addicted to drugs, a violation of federal law. Another question probed whether potential jurors or their close associates had ever sought treatment for drug use. During their, at times, emotional answers, prospective juror after juror described how drug use had afflicted people they knew. About 42% of adults in the United States say they personally know at least one person who died from a drug overdose, according to survey findings published earlier this year by the nonprofit research institute RAND Corporation. In addition to illuminating the sheer number of Americans impacted by addiction, Hunter Biden’s trial is also creating critical awareness around the very language used to describe drug use.
Persons: Hunter Biden, Wilmington’s J, Caleb Boggs, , , Scott Hadland, Hunter Biden’s, Andy Mendenhall, Bob Day, McPhillips, Marshall Cohen, Jacqueline Howard Organizations: Mental Health Services Administration, CNN, RAND Corporation, Children, Concern, Portland Police Locations: Delaware, United States, Oregon
CNN —AT&T’s second prolonged outage so far this year left customers irate on Tuesday, with experts criticizing the company’s response and saying the wireless company risked losing user loyalty over the issues. Because of the problem connecting to other carriers, thousands of Verizon customers also reported a service outage on Down Detector Tuesday. In a statement Tuesday, AT&T said it had resolved the outage and that calls between AT&T customers were not impacted. Tens of thousands of AT&T customers in America could not make phone calls, send texts, reach emergency services or access the internet. After two consecutive outages and a March data breach, North said AT&T needs to work to regain customer trust.
Persons: , Mojtaba, ” Vaezi, Karen North Organizations: CNN —, Verizon, Wireless, Laboratory, Villanova University, CNN, University of Southern, & & Locations: New York City, Chicago, Philadelphia, Dallas, Pittsburgh, Indianapolis, America, University of Southern California, Camden County , Georgia, Scranton , Pennsylvania
During the pandemic, he was a moderator for a Discord community, at first mainly sorting out technical problems and weeding out trolls. But one night, an adolescent boy called him over voice chat, and started sharing how lonely and depressed he was. But it was the boys who seemed the most desperately lonely and isolated. On the site, he said, he found “a lot more unhealthy men than unhealthy women.” He added: “With men, there is a huge thing about mental health and shame because you’re not supposed to be weak. You’re not supposed to be broken.” A male mental-health crisis was flying under the radar.
Persons: he’d, you’re, You’re Locations: Cedar City , Utah, America
New York City delivery workers who don't use cars have one of the deadliest jobs in the city. There are now more than 65,000 app-based restaurant delivery workers in the city, and about 80% of them use e-bikes and motorbikes. The city report found that 28.7% of e-bike or moped delivery workers experienced injuries that forced them to miss work, lose consciousness, or seek medical care. They're asking for wider protected bike lanes, or even separate lanes for e-bikes and mopeds, and charging facilities for e-bikes. Indeed, "New Yorkers are dependent on app delivery workers to keep them safe and fed during times of crisis," she added.
Persons: , takeout, Eric Adams, it's, Jose Alvarado, Andrew Lichtenstein, Brad Lander, Uber, DoorDash —, Ligia Guallpa, Guallpa, DoorDash, Guallpa's, Lander Organizations: Service, Business, Department of Consumer and Worker Protection, US Bureau of Labor Statistics, Bureau of Labor Statistics, Bloomberg, Yorkers, New York Times, Department of Transportation, Getty, City, York, Workers Justice Locations: New York City, York, New York, South Bronx, York City, City, Manhattan, Williamsburg , Brooklyn
Authorities are blaming an intern for a construction firm in China for a tunnel collapse. The intern, Wang Nianpu, is named "mainly responsible" and criminally liable while his bosses face fines. AdvertisementChinese authorities have named a construction intern as likely criminally responsible for a pipe network collapse that killed three construction workers. The report, seen by Business Insider, was filed in early May but went viral after local media reported the case over the weekend. This story is available exclusively to Business Insider subscribers.
Persons: Wang Nianpu, Wang, Organizations: Service, Business Locations: China, Jinan City
After eight months of devastating bombardment by Israeli forces, some Gazans are urging Hamas to accept a cease-fire plan outlined by President Biden, but many remain deeply skeptical that the United States, as Israel’s chief ally, would truly bring an end to the war. “I am hopeful that Hamas will accept this deal,” said Ayman Skeik, a 31-year-old merchant driven out of his home in Gaza City by the fighting. “But I am still scared it would not be achieved.”Like other Gazans, Mr. Skeik, who is now sheltering in Deir al-Balah in central Gaza, said he had grown frustrated by the long and generally fruitless cease-fire talks. He noted pointedly that months ago, in February, Mr. Biden suggested that a deal was imminent. “The United States used to have a strong word when it wanted to stop any crisis in the world,” Mr. Skeik said.
Persons: President Biden, , , Ayman Skeik, Skeik, Biden, Mr Organizations: Mr, White Locations: United States, Gaza City, Deir al, Gaza, Israel
Maitri Mody moved into a one-bedroom apartment in Brooklyn, New York, in February. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs Maitri Mody settled into her new apartment, she knew she needed to put her stamp on it. In February, she moved into a one-bedroom apartment in Brooklyn's Park Slope neighborhood with her pug, Ari. As a maximalist and fan of bright decor, Mody wanted to fill her apartment with color, even though she was only renting.
Persons: Maitri Mody, , Mody, pug, Ari Organizations: Service, Business Locations: Brooklyn , New York, New York City, Brooklyn's
How AI could supercharge the Vision Pro
  + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.
Persons: it’s, Tim Cook, It’s, Siri, , Tuong, , Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, Locations: Cupertino , California, New York City
Muhammad Ali’s Childhood Home Goes on the Market
  + stars: | 2024-06-04 | by ( Johnny Diaz | ) www.nytimes.com   time to read: 1 min
The childhood home where Muhammad Ali, the three-time world heavyweight boxing champion and activist, learned to box and that was along the route of his funeral procession in Louisville, Ky., is for sale. On Tuesday, the pink one-story home, which for several years was a museum of sorts, focusing on Ali’s early life and humanitarian pursuits, and two of its neighboring properties were listed for sale through Christie’s International Real Estate Bluegrass for $1.5 million, according to the company’s listing. “Home to ‘The Greatest,’” the listing states, noting that the ranch style, one-story house at 3302 Grand Avenue in the Parkland neighborhood of the city features two bedrooms. The living area of the three homes combined is 3,363 square feet.
Persons: Muhammad Ali, Organizations: Christie’s Locations: Louisville, Ky, Parkland
This summer, with Paris expected to draw nearly 15 million visitors between July 26 and Sept. 8 for the Olympic and Paralympic Games, that ritual is anything but certain. Many shopkeepers, bakers, restaurateurs and tour guides — citing patriotism as well as profit — say they’re planning to stay open. The 2012 London Olympics have cast a long shadow in Paris. Small-business owners in Paris are hoping history does not repeat itself. Most of the events in London were held in one section of the city, he said, while in Paris, they’re taking place all over.
Persons: who’s, Pierre Rabadan, they’re, , Organizations: Paris, Olympic, Paralympic Games Locations: Paris, London
CNN —Hundreds of residents living near Mount Kanlaon in the Philippines were ordered to evacuate Tuesday after the volcano erupted, sending a three-mile tall (five-kilometer) ash column into the sky that caused dozens of flights to be canceled. The Philippine Institute of Volcanology and Seismology (Phivolcs) said Mount Kanlaon erupted for six minutes on Monday evening, causing a “strong earthquake,” as the agency warned that ash fall and sulphuric odor would affect surrounding villages. Forty-three volcanic earthquakes had been recorded in the 24 hours to midnight Monday, according to the agency’s volcano summary. Images on social media showed an ash cloud shooting into the starry night sky. Situated on Negros, the fourth most populous island of the archipelago, Mount Kanlaon is one of 24 seismically active volcanoes in the country.
Persons: Kanlaon, ” Jose Chubasco Cardenas Organizations: CNN, Philippine Institute of, Civil Aviation Authority of, Silay Locations: Mount Kanlaon, Philippines, , Bacolod, Canlaon City, Negros Oriental, Negros
Kathy Hochul is quietly maneuvering to delay a plan to toll drivers entering Manhattan’s central business district, just weeks before it is slated to go into effect, according to two people familiar with the discussions. The first-in-the-nation congestion pricing plan, which has been decades in the making, is slated to start June 30. Drivers using E-ZPass will pay as much as $15 to enter Manhattan south of 60th Street. But even as Ms. Hochul believes that congestion pricing is good environmental policy, she has concerns that the timing was less than ideal, according to a person familiar with her thinking. The governor feared that it might deter commuters from returning to the central business district, which has yet to fully recover from the pandemic.
Persons: Kathy Hochul, Hochul Locations: Manhattan, New York City
If so, we'll take a wild guess that you're visiting either Spain, Italy, France, or Greece. Here, Abbamonte shares a few alternatives to popular tourist hot spots that anyone visiting Spain, Italy, France, and Greece should check out. In Spain, forget Barcelona or Madrid and explore the cliffside city of RondaRonda is a historic city in Spain's Andalusia region. Related stories"I've done a lot of road trips around the north of Spain," Abbamonte said. AdvertisementOne of his favorites is Biarritz, a seaside hub known for its surfing culture in the Basque region of France.
Persons: , Lee Abbamonte, Europe's, He's, Colin Rieser, Abbamonte, they're, he'd, Peter.Zelei, Italy don't, Grace Kelly, Bruno Morandi, Saint Paul De Vence Organizations: Service, Business, Camino, Biarritz Locations: Europe, Spain, Italy, France, Greece, Abbamonte, Barcelona, Madrid, Ronda Ronda, Spain's Andalusia, Seville, Ibiza, Majorca, Ronda, Andalucia, Marbella, Sevilla, Gibraltar, Santiago, Santiago de Compostela, Hydra, Mykonos, Aegina, Poros, Meteora, Thessaly, Como, Florence, San Gimignano, Tuscany, Siena, Pisa, Gimignano, Biarritz, Paris, Nice, Basque, It's, San Sebastian, Spanish, Sebastian, Saint, Avignon, Monte Carlo, Monaco
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