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They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime. They will also be prevented from avoiding inheritance tax on assets held in trust. The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax. Where the wealthy are movingIt comes as other countries are shaking up their tax regimes to incentivize wealthy investors. Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in "wait and see" mode ahead of possible changes to capital gains and inheritance tax.
Persons: Keir Starmer, Rachel Reeves, Macleod, Miller, they'll, Leslie Macleod, Helena Moyas de Forton, Moyas de Forton, Labour's, Alexander Spatari, I'm, Marcus Meijer, Mark, CNBC's, it's, James Myers, Oliver James, Myers, Knight Frank, Stuart Bailey, Knight Frank's, they're, Bailey Organizations: Old Bond, Pawel, Bank, Getty, Labour, Oxford Economics, Conservative, Investors, Britain, CNBC, Treasury, EMEA, Christie's, Estate, Henley & Partners, Monaco, London, Istock Locations: Old, Mayfair, London, United Kingdom, Monaco, Italy, Switzerland, Dubai, They're, Britain, Greece, Malta, Caribbean, Bahamas, Monte Carlo, Gibraltar, South Kensington, England
Read previewThis as-told-to essay is based on a transcribed conversation with Armand Arton, 47, president of Arton Capital, a financial advisory firm, about golden visas and passports. We advise them about golden visas and golden passports — government programs that offer residency or citizenship rights to foreign investors. AdvertisementDuring the COVID-19 pandemic, many American investors couldn't enter Europe, so they are now looking for residency programs in European countries. After this year's elections in France and the UK, we're also seeing millionaires in those countries looking to relocate. I'd advise wealthy migrants to get in on programs sooner rather than laterThe number of applicants for golden visas increases every year.
Persons: , Armand Arton, couldn't, we're, haven't, I've, It's, Brexit, We've, who've, Irma, Maria, it's, I'd Organizations: Service, Arton, Arton Capital, Business, Caribbean Locations: Europe, France, Hungary, Portugal, Spain, Property, Greece, Italy, England, Germany, UAE, Antigua, Barbuda, Bulgaria, Ireland
When I was in my mid-30s and working in the corporate world, I thought that 55 would be a good age to retire. Now I'm 62, and I have no plans to retire, despite the fact that friends and even my wife are stepping back from their long-term careers. I focus on the parts of work that bring me joyBecause I own my own business, I have a lot of control over my working environment. I've carefully selected employees who can keep things running even when I'm away from work. When I'm traveling, I'm entirely unplugged, able to join Kate in her retirement mindset.
Persons: David B, Horne, I'm, they've, Kate, we've, I've Organizations: Service, Business Locations: Greece, Canada
Read previewSatellite imagery obtained by Business Insider captures the difficult mission to rescue an oil tanker stranded in the Red Sea nearly a month after the Iran-backed Houthi rebels first attacked the vessel. Operation Aspides stated that it would continue to monitor the situation while "private stakeholders" finish the salvage mission. Satellite images captured by Maxar Technologies this past weekend show the salvage mission underway. Related storiesRear Adm. Vasileios Gryparis, the operational commander of Aspides, told BI earlier this month that a successful salvage mission required meeting safety, technical, environmental, and weather considerations. AdvertisementThe Houthis have struck a number of vessels with missiles and drones since the Iran-backed rebels started attacking merchant shipping lanes in the Red Sea and Gulf of Aden last fall.
Persons: , Aspides, BlackSky, Valdez, Vasileios Gryparis Organizations: Service, Business Insider, Business, Maxar Technologies, Technologies, European Locations: Iran, Red, Iraq, Greece, Gulf, Aden, Yemen
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhen we had kids, everyone was like, "Oh, you're never going to be able to travel anymore now that you have kids." Children belong in business class like any other passenger who has paid to be thereWe've only flown business class when we have points to fly business class. Oftentimes, it's more comfortable for families to be in business class anyway. Thinking that adults own business class is not right.
Persons: , Monet Hambrick, Monet, James Hambrick — Jordyn, Kennedy, I'm, I've, Hambrick, they've, You'll Organizations: Service, Business, University of Florida Locations: Jamaica, United States, Italy, Greece, America, Colombia
My husband and I rarely catch up with our own parentsWe see my husband's family about twice a month, as they live nearby. When my kids were small, we took road trips from Chicago to Montana, a 1,400-mile drive that would take 21 hours. The author's trip with her son began in Rafina, a port city near Athens. Wendy AltschulerA one-on-one vacation with my middle childIn June, I took my middle son to Greece on an adventure for just the two of us. I do this with each of my sons, but this time, it was my middle son's turn.
Persons: I'm, Long, we'd, they've, we're, Wendy Altschuler, Nikolas, beryl, I've Organizations: Service, Business, Fira Port Locations: Chicago, Montana, Rafina, Athens, Greece, Paros, Naxos, Santorini, Fira, Oia
CNN —Germany has begun new controls at all of its land borders as part of a crackdown on migration, placing restrictions on a wide area of free movement known as the Schengen Zone and stirring anger among its European neighbors. From Monday, as well as existing border controls with Austria, Switzerland, the Czech Republic and Poland, Germany will now also have internal border controls with France, Luxembourg, the Netherlands, Belgium and Denmark. Berlin will have the power to reject people at all land borders, a statement from the Interior Ministry said. The move marks how far Germany has shifted in recent years on the flashpoint issue of migration. Under European Union rules, member states have the ability to temporarily reintroduce border control at internal borders in the event of a serious threat to public policy or internal security.
Persons: Angela Merkel, Maja Hitij, Nancy Faeser, Donald Tusk, , , Chancellor Olaf Scholz, Ukraine – Organizations: CNN, Schengen, Interior Ministry, Union, Poland’s, Germany, Germany’s, Migration, ISIS Locations: Germany, Austria, Switzerland, Czech Republic, Poland, France, Luxembourg, Netherlands, Belgium, Denmark, Berlin, Kenya, Polish, Warsaw, Greece, Europe, East, Ukraine, Solingen
I was an immigrant child, and growing up in the UK in an Albanian family wasn't easy. It's ironic, given that I now run two fitness businesses and my main passion is getting women into strength training. I now run two fitness businesses that combined made over $70 million last year. What strength training does for your mind and body is profound; it's so empowering. It was good for SEO but contradicted our message and ethos, which is that strength training is about more than just how your body looks.
Persons: , Krissy Cela, — I'd, Jack Bullimore, I've, David, Lukas Kurzmann, I'd, We've, Oner, I'm Organizations: Service, Business Locations: London, LA, Albania, Greece, PE
CNN retains full editorial control over subject matter, reporting and frequency of the articles and videos within the sponsorship, in compliance with our policyCNN —If its ancient walls could talk, Sümela Monastery in eastern Turkey would have quite a few stories to tell. “The Virgin Mary is a holy person for the Muslim people also. “The sultans considered Sümela a sacred place and helped the monastery by giving the monks donations and more land,” he adds. Sümela was popular with Christian and Muslim pilgrims, and an active Greek Orthodox monastery, until the early 20th century. Many of the Greeks living in the Pontic Alps and nearby Black Sea coast chose to relocate to Greece, including the monks of Sümela Monastery.
Persons: “ We’ve, Levent Alniak, Senol Aktaş, Virgin Mary, Sümela, Jesus, Mary, St, Ignatius, Öznur, who’s, Sümela’s, Barnabas, Sophronios, Luke the, ” Alniak, Soumela Organizations: CNN, Ottomans, Turkish, Rock Church, Turkey’s Ministry of Culture and Tourism, van, Turkish Airlines, Ramada Plaza, Radisson Locations: Sümela, Turkey, Roman, Trabzon province, , Sofia, Istanbul, Ottoman, Black, Greece, Sümela Monastery, Altindere, Nea Sumela, Constantinople, Altındere, Trabzon, Coşandere
He remembers the way she walked down the beach, recalls noticing her immediately, wanting to talk to her. “We’d download songs and listen to the album at the same time,” recalls Vlad. “The emotion was really, really intense. Iga OlszakWhile Vlad and Iga were together in Germany, they talked about the potential of Iga visiting Vlad in the US. “He created that space for me where it felt really good and I finally felt okay to say the truth,” she says.
Persons: Iga Olszak, Vlad Dimovski, Iga, Vlad, , Skotina, , ” Vlad, ” Iga, , wasn’t, , that’s, ’ ”, Vlad’s, She’d, he’d, Iga –, weren’t, they’d, Olszak, I’d, who’d, ​ ”, “ I’d, Will, ’ ” Vlad, Luca, Klara, They're, – he’d, “ I’m, we’ve Organizations: CNN, CNN Travel, , Facebook Locations: Skotina, Greece, Poland, North Macedonia, Mount Olympus, Iga, Germany, Chicago, Republic of Macedonia, Europe, Bielefeld, , Florida, Macedonia, pouting
Rome CNN —Hundreds of posters have appeared on billboards across Italy this summer, bearing the slogan: “Russia is not our enemy” and depicting a handshake in the colors of the Italian and Russian flags. In Rome, the posters drew ire from the mayor’s office because they featured both the city’s name and its official symbol. In a decree to local police and the advertising company that owns the billboards in Rome, it ordered the removal of all posters. Earlier this month, they met at the European House’s Ambrosetti Forum in Cernobbio, northern Italy. The Russian propaganda posters have not caused notable outcry among the Italian public, in part because they started appearing during the summer months, when most Italians take their vacations.
Persons: Rome, Sovranita Popolare, Piazza Mazzini, Giorgia Meloni, Volodymyr Zelensky, Silvio Berlusconi –, Vladimir Putin, Matteo Salvini Organizations: Rome CNN, Nations, CNN, European Union, Putin, European Council of Foreign Relations Locations: Italy, Russia, Rome, Ukraine, Israel, Verona, Modena, Parma, Pisa, Calabria, Ukraine’s, Eternal, , Europe, Cernobbio, Red, Greece, Bulgaria, Russian
Leo and Faith Jean-Louis were paying about $2,200 in minimum monthly payments towards their debt. In order to maintain their debt payments, the couple had a minimum monthly payment of $2,200 between the two of them. At that rate, it would take them 15 years and cost them $125,000 in additional interest to pay off their debt. After returning from their honeymoon in Greece, they decided to tackle their debt and pay it off as soon as possible. Leo and Faith didn't want their kids to start their lives off financially behind or in debt like they did.
Persons: Leo, Faith Jean, Louis, , Leo Jean, Roth, Faith didn't, Faith, hadn't, doesn't, Faith babysat, couldn't Organizations: Service, Ramsey Locations: Greece
CNN —The US Food and Drug Administration announced Tuesday that it will examine the potential harm to women of heavy metals such as lead and arsenic found in tampons. The FDA’s action follows the July publication of a small pilot study that found arsenic and lead in organic and nonorganic tampons. The July study discovered only the presence of the metals and “did not test whether metals are released from tampons when used,” the FDA said in a statement Tuesday. “However, there is no reason for people to be afraid to use menstrual products at this time,” Pollack added. That advice also applies to anyone concerned about heavy metals or chemicals in their menstrual products, experts say.
Persons: , Kathrin Schilling, ” Schilling, nonorganic tampons, hasn’t, , Anna Pollack, Pollack, ” Pollack Organizations: CNN, Food and Drug Administration, US Environmental Protection Agency, FDA, Consumer Healthcare, Association, Columbia University’s Mailman, of Public Health, American Chemistry Council, , for Disease Control, Prevention, George Mason University Locations: tampons, U.S, United States, United Kingdom, Greece, New York City, Fairfax , Virginia
Greece will charge cruise passengers €20 ($22) to visit some of its most popular islands. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: , Kyriakos Mitsotakis Organizations: Service, Business Locations: Greece, Venice, Thessaloniki, Mykonos, Athens
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. As social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy preparing for the 2025 Europe travel season, a bet that strong demand for international travel will continue next summer. American Airlines on Thursday unveiled new routes to Europe for spring and summer next year. Rivals United Airlines and Delta Air Lines are expected to release their 2025 travel plans in the coming weeks. American said its trans-Atlantic capacity next summer will be up low-to-mid-single digits over this year, with executives confident that consumers will continue to prioritize travel.
Persons: Charlotte ,, Brian Znotins, American's Organizations: Boeing, American Airlines, Milan, Rivals United Airlines, Delta Air Lines Locations: Barcelona, Europe, Chicago, Madrid, Philadelphia, Edinburgh, Scotland, Charlotte, Charlotte , North Carolina, Athens, Greece, Miami, Rome, Italy
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Adam Caller, the CEO and founder of Tutors International. A child from a socioeconomically disadvantaged background who's struggling and a child from enormous wealth who's struggling are still both children who are struggling. The teachers who stay with us long term are the ones who don't get changed by the wealth around them. But if they talk about how they can help the children, I know they speak the right language.
Persons: , Adam, I'd, I've, We've, they've Organizations: Service, International, Business Locations: Switzerland, France, Greece, Italy
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —In travel news this week: an accidental megadeal on first-class tickets, the world’s best-connected airport and why now is a good time to plan a trip to Europe. Goodbye to EU passport stampsPaper mementoes of our travels, from boarding cards to even passports themselves, are fast moving into obsolescence. Whether you’re off to Greece, Asia or the Middle East, you’ll likely find a use for these 45 best-selling travel accessories.
Persons: Il dolce, , Lucy Laucht, it’s, you’ll, Hell Organizations: CNN, Labor, European Union Schengen Area, Aviation, Australian, Qantas, CNN Travel, Duluth Locations: Europe, Naples, Ischia, Puglia, Amalfi, Hungary, Gresham, Budapest, Stockholm, Greece, Northeast Asia, Abu Dhabi, Asia, Duluth, Minnesota, Duluth , Minnesota, United States, Lake Superior, Japan, Chile
A federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk's X. Because of U.S. District Judge Reed O'Connor's decision on Thursday, X's lawsuit against the nonprofit media watchdog and two of its staff members will proceed to trial on April 7. Attorneys representing X claimed the Media Matters report was "intentionally deceptive" and financially damaged the company. Media Matters and X didn't immediately respond to requests for comment. In August, O'Connor dismissed a request by Media Matters to force Musk to list Tesla as an interested party in X's lawsuit against the nonprofit.
Persons: Elon Musk's, District Judge Reed O'Connor's, Angelo Carusone, O'Connor, didn't, Tesla Organizations: Media Matters, U.S, District, Twitter, Media, Apple, IBM, Disney, X, Unilever, Mars, CVS Health, Elon Musk Locations: Athens, Greece, Texas, California, Meta
Social Security won't save you
  + stars: | 2024-08-24 | by ( Juliana Kaplan | Noah Sheidlower | Allie Kelly | ) www.businessinsider.com   time to read: +11 min
Though many say they are thankful to have Social Security payments at all, they aren't enough to fill the gap. To help pay the bills, nearly 80% of retirees receive some Social Security income, per BI's calculations, and the Social Security Administration estimates that 97% of older adults will ultimately receive benefits. She told BI that her expected $2,000 monthly Social Security payments may not be enough. As pensions dissipate and only higher-earning retirees have savings, Social Security might only become more pivotal for retirees. Advertisement"I don't want to be rich, I just need to be comfortable," 62-year-old Angela Babin — who lives on her $1,100 monthly Social Security check — told BI.
Persons: , Emma Echols, she'll, Echols, she's, She's, Xers, Tracey Gronniger, Cheryl Simmons, Franklin D, Roosevelt, they've, Mary Dacus, Stephen, They've, Becky Davenport, Davenport, Donald Trump, Bernie Sanders, Elizabeth Warren, Gronniger, Angela Babin — Organizations: Service, Social Security, Business, Social, Security, Social Security Administration, SNAP, Pew Research Center, Republican, Republicans, allisonkelly Locations: Alabama, San Diego, Spain, Greece, Robinson , Illinois, Florida, Anchorage
Nesmith said she had flown into Greece on Sunday, the day the wildfire initially broke out in the village of Varnavas, about 20 miles north of Athens. As the danger spread, Greece implored fellow European Union members to help respond to the blaze. “We stand with Greece as it battles devastating fires,” European Commission President Ursula von der Leyen said in a statement on X on Monday. While wildfires are common during the summertime in Greece, climate scientists have warned that unusually hot and dry weather connected to climate change can make fires more likely to ignite and spread. A satellite image shows the ongoing fire near Athens, Greece.
Persons: Nesmith, Vassilis, Ursula von der Leyen, Kikilias, Angelos Tzortzinis, Maria Sidiropoulou, Chantal Da Silva Organizations: Reuters, Officials, Volunteers, Aris Oikonomou, Getty, Union, Copernicus, NBC Locations: Greece, Varnavas, Athens, , Vrilissia, AFP, EU, Italy, France, Czechia, Romania, Chalandri, European, Libya, Stamata, London
Greek authorities on Tuesday issued an evacuation alert for the seaside town of Nea Makri in eastern Attica, as firefighters continued to battle a massive blaze burning through the Athens suburbs. Hundreds of European firefighters, backed by fire engines and waterbombing aircraft, have sought to contain the country's worst wildfire this year. The fire began on Sunday roughly 20 miles from Athens, according to Sky News. Strong winds and scorching temperatures have created tinderbox conditions in the southern European country. Authorities in Greece, which experienced Europe's largest wildfire ever recorded last year, have ordered the evacuation of several towns in the north-eastern suburbs of the capital in recent days.
Organizations: Sky News, Authorities Locations: Nea Makri, Attica, Athens, Greece
Athens, Greece CNN —Where just hours ago there were thick rows of trees, now stumps protrude and smoke still rises from scorched soil. “At some point, the fire went faster than the cars,” Vasilis Xypolitas, mayor of Kifisia municipality on the outskirts of Athens, told CNN. Her car, like scores of others lining the roads that climb out of Athens, was burned. More than 700 firefighters, nearly 200 vehicles and 35 water-bombing aircraft were deployed to battle the blaze, Greek public broadcaster ERT reported. Once the winds and the worst of the blaze abated, residents in Chalandri returned to inspect the damage.
Persons: Greece CNN —, bedsheets –, Vasilis Xypolitas, , Sophia, Alexandros Avramidis, Xypolitas Organizations: Greece CNN, CNN, , ERT, Ministry, Protection Locations: Athens, Greece, Chalandri, Attica, , Kifisia, Penteli, Varnavas, Grammatiko
Hundreds of firefighters backed by more than 30 water-dropping planes were battling a major forest fire raging out of control Monday on the northern fringes of the Greek capital. A car burns in Varnava village during a wildfire, north of Athens, Greece, on August 11, 2024. Three Athens hospitals were put on heightened alert to treat any potential injuries. It began Sunday afternoon about 35 kilometers (22 miles) from Athens and was fanned by strong winds that quickly drove it out of control. Women embrace after being rescued during a wildfire in Varnavas, north of Athens, Greece, on August 11, 2024.
Persons: Vassilis Kikilias, Michael Varaklas, ” Kikilias, Angelos Tzortzinis, , Vassileios Vathrakogiannis, Organizations: Civil, AP Authorities, Local, Authorities, Getty Locations: Greece, Athens, Varnava, Marathon, Varnavas, AFP, Mati
Firefighters in Greece were working early Monday to contain a major and fast-spreading wildfire that broke out near Athens a day earlier, which has damaged buildings and produced flames more than 80 feet tall, the authorities said. The fire started on Sunday afternoon in Varnava, a town less than 30 miles north of Athens by road, and spread rapidly within minutes because of high winds, Greece’s national fire service said. The fire then spread on Sunday evening, in some cases between residential buildings, Col. Vassilios Vathrakogiannis, a spokesman for the fire service, said in a news release. He said the fire also threatened Lake Marathon, a reservoir serving Athens. The fire service warned of strong winds.
Persons: Vassilios Locations: Greece, Athens, Varnava, Lake
CNN —A fast-spreading wildfire continued to rage close to the Greek capital of Athens on Monday, prompting authorities to ask residents to evacuate their homes. Fire authorities warned Monday that the wildfire had “developed rapidly” and was heading towards Penteli, around 16 kilometers (about 10 miles) northeast of Athens. Greek authorities have battled dozens of blazes already this summer after enduring its hottest June and July on record. Kikilias warned over the weekend that “extremely high and dangerous weather conditions” would continue through Thursday. Angelos Tzortzinis/AFP/Getty Images“Winds overnight remained strong creating dangerous conditions.
Persons: Vassilis, Kikilias, Adonis Georgiadis, Angelos Tzortzinis, Vasilios Vathrakoyiannis, Organizations: CNN, ERT, Getty, ” CNN, Authorities Locations: Athens, Varnavas, Penteli, AFP, Greece
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