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☆ Deluge Batters U.A.E. and Oman, Killing at Least 19
▼ + stars: | 2024-04-17 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: 1 min

A relentless deluge of rain battered the United Arab Emirates and Oman this week, killing at least 19 people in Oman, causing scores of delays and cancellations at Dubai’s airport and bringing other cities to a standstill in what experts have described as a weather system supercharged by climate change. The storm first hit Oman on Sunday, causing widespread flash flooding and turning streets into raging rivers in Muscat, the capital. In the U.A.E., which experienced its largest rainfall in 75 years, the authorities urged residents to remain at home as videos showed cars submerged on gridlocked highways and planes taxiing down flooded runways. Here are photos and video of the flooding:

Organizations: United Arab Locations: United Arab Emirates, Oman, Muscat

☆ Photos of torrential Dubai flash floods show the downsides of trying to control the weather
▼ + stars: | 2024-04-17 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

The United Arab Emirates experienced torrential rainfall and severe flash floods on Tuesday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTorrential rainfall pummeled the United Arab Emirates this week, resulting in flash floods that have caused air travel delays, closed schools, and deluged homes. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: United Arab Emirates, Service, United, Dubai International Airport, Business Locations: United Arab Emirates, Dubai

☆ Columbia's president managed to avoid the missteps of other elite colleges in heated congressional grilling
▼ + stars: | 2024-04-17 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Nemat "Minouche" Shafik, Columbia's president, appeared before the Republican-led House Committee on Education and the Workforce on Wednesday. But there was a big difference between what those presidents said at their hearing and what Shafik said at hers. Related storyHarvard President Claudine Gay answered with, "It can be, depending on the context," while MIT President Sally Kornbluth said, "I have not heard calling for the genocide for Jews on our campus." In a similarly soft response, UPenn's president Elizabeth Magill responded, "If the speech turns into conduct, it can be harassment." AdvertisementIn Wednesday's hearing, Shafik also commented on a few controversial professors.

Persons: —, Elise Stefanik, Shafik, Israel's, Claudine Gay, Sally Kornbluth, Elizabeth Magill, Magill, Kornbluth, Mohamed Abdou, Joseph Massad, Massah, Stefanik Organizations: Service, Wednesday, Columbia, Republican, Committee, Education, New York, Business, Harvard, MIT, Gay, Street Journal, Street, Middle East Institute, Hamas, African Studies Locations: Israel, Gaza, UPenn, —, Dubai, Columbia's, South

☆ Live Updates: Columbia’s President to Testify in Antisemitism Hearing
▼ + stars: | 2024-04-17 | by ( Sharon Otterman | ) www.nytimes.com time to read: +4 min

From left, Claudine Gay, president of Harvard University; M. Elizabeth Magill, president of Penn; Pamela Nadell, a professor at American University; and Sally Kornbluth, president of M.I.T., at a congressional hearing in December. When Nemat Shafik, the president of Columbia University, was asked to appear before Congress to testify about antisemitism on college campuses in December, she cited a scheduling conflict and said she could not attend. The president of the University of Pennsylvania, M. Elizabeth Magill, resigned four days after her appearance at the hearing, where she delivered evasive answers about campus antisemitism. Harvard’s president, Claudine Gay, similarly gave vague responses and faced fierce backlash for weeks up to her resignation in January. Lawyers who prepare clients to testify before Congress said that while there are risks to not appearing, it is always an option.

Persons: Claudine Gay, Elizabeth Magill, Penn, Pamela Nadell, Sally Kornbluth, Nemat Shafik, Shafik, Minouche, Christopher Armstrong, “, you’re, ”, it’s, ” Mr, Armstrong, There’s, Emily Loeb, Block, ” Sharon Otterman Organizations: Harvard University, American University, Columbia University, University of Pennsylvania, Massachusetts Institute of Technology, Education, Workforce, United Nations, Change, Lawyers, Holland, Knight, Jenner Locations: Dubai

☆ UAE government unit denies cloud seeding took place before Dubai floods
▼ + stars: | 2024-04-17 | by ( Joan Muwahed | ) www.cnbc.com time to read: +1 min

The organization told CNBC that it did not dispatch pilots for seeding operations before or during the storm that struck the UAE on Tuesday. Omar AlYazeedi, deputy director general of the NCM, said that the institution "did not conduct any seeding operations during this event." He added, "One of the basic principles of cloud seeding is that you have to target clouds in its early stage before it rains, if you have a severe thunderstorm situation then it is too late to conduct any seeding operation." The NCM denial follows an earlier Bloomberg report, in which Ahmed Habib, a specialist meteorologist, had said that the Tuesday rains had stemmed partly from cloud seeding. Habib later told CNBC that six pilots had flown missions as part of regular protocol, but had not seeded any clouds.

Persons: Omar AlYazeedi, Ahmed Habib, Habib Organizations: National Center of Meteorology, United Arab Emirates, CNBC, Bloomberg Locations: DUBAI, Dubai, UAE, Emirate, Al Ain

DUBAI — One of the world's busiest airports temporarily halted operations as the United Arab Emirates experienced its heaviest rainfall on record. The airport said road blockages and flooding have prevented many passengers from reaching the airport for departing flights. Fly Dubai, a budget carrier owned by the government of Dubai, suspended all flights from the UAE hub until 10 a.m. local time on April 17, citing extreme weather. The UAE saw over 100 mm of rain, a 75 year record since the UAE began recording rainfall. It also advised people to take preventative measures to avoid property damage from heavy rain and hailstorms.

Organizations: United Arab Emirates, Dubai's, CNBC, Emirates, National, of Meteorology, Disaster Authority Locations: DUBAI, Dubai, UAE, Al Ain

☆ Heavy rains cause rare flooding in Dubai
▼ + stars: | 2024-04-17 | by ( Denise Chow | ) www.cnbc.com time to read: +1 min

Vehicles hardly move on flooded streets due to heavy rain in Dubai, United Arab Emirates on April 16, 2024. Flooding ensued as a result of the downpour, leading to several vehicles being submerged on the streets and avenues. Heavy rains battered parts of the Middle East on Tuesday, closing schools in the United Arab Emirates and flooding the tarmac at Dubai International Airport. Flights into the Dubai airport were temporarily diverted as a result of the "continued exceptional weather event currently being experienced in the UAE," airport officials said Tuesday in a statement. More than 4.7 inches of rain fell in a day in the UAE, flooding streets across Dubai and sending water spilling into homes and businesses, The Associated Press reported.

Organizations: United Arab Emirates, United Arab, Dubai International, Saudi, Associated Press Locations: Dubai, United Arab, United Arab Emirates, Oman, UAE, Saudi Arabia's, Arabiya

☆ 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

☆ What is cloud seeding and does it work?
▼ + stars: | 2024-04-17 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

Officials at the country’s National Center of Meteorology have been cited as saying the rain was not caused by cloud seeding. Here’s what to know about cloud seeding. What is cloud seeding? Cloud seeding is a weather modification concept that attempts to draw more rain or snow out of a cloud than would occur naturally. Does cloud seeding work?

Persons: hasn’t, ” Daniel Swain, ” Swain, Rachel Ramirez, Angela Fritz Organizations: CNN, United, National, of Meteorology, Aircraft, UCLA, National Academies of Sciences, United Arab Locations: Dubai, United Arab Emirates, UAE, China, Oman, Iran, Gulf of Oman

☆ Deluge Batters U.A.E. and Oman, Killing at Least 20
▼ + stars: | 2024-04-17 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: 1 min

A relentless deluge of rain battered the United Arab Emirates and Oman this week, killing at least 20 people, causing scores of delays and cancellations at Dubai’s airport and bringing other cities to a standstill in what experts have described as a weather system supercharged by climate change. The storm first hit Oman on Sunday, killing 19 people as it caused widespread flash flooding and turned streets into raging rivers in Muscat, the capital. In the U.A.E., which experienced its largest rainfall in 75 years, one person died in the city of Ras Al-Khaimah and the authorities urged residents to remain at home as videos showed cars submerged on gridlocked highways and planes taxiing down flooded runways. Here are photos and video of the flooding:

Organizations: United Arab Locations: United Arab Emirates, Oman, Muscat, Ras Al, Khaimah

☆ Torrential rain wreaked havoc at Dubai's airport, with video showing a plane battling across a flooded runway
▼ + stars: | 2024-04-17 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Torrential rain and flash floods brought Dubai airport to a standstill on Tuesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . All operations were suspended for 25 minutes in the afternoon, and inbound flights were diverted due to the intense storm, an airport spokesperson said. In total, 21 outbound and 24 inbound flights were cancelled, and 3 flights were diverted, according to the latest update published around 5 p.m. local time on Tuesday. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Dubai, Business Locations: Dubai

☆ Russia is expected to grow faster than all advanced economies this year
▼ + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesRussia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. The prediction will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine. In short, Russia has adapted to a "new normal" as its economy has been put on a war footing. The Washington-based IMF includes the U.S., U.K., the euro area's largest economies, Canada and Japan as advanced economies. "If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down.

Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Elvira Nabiullina, Andrey Rudakov Organizations: Evraz Consolidated, Siberian Metallurgical, Bloomberg, Getty, International Monetary Fund, U.S, Sputnik, Afp, IMF, TU, CNBC, World Governments, Bank of Russia, Duma Locations: Evraz Consolidated West, Novokuznetsk, Russia, Germany, France, Ukraine, India, China, Russian, Urals, Nizhny Tagil, Washington, Canada, Japan, Europe, Asia, Kazan, Dubai, Soviet Union, Russia's

☆ Dubai weather: A year’s worth of rain plunges city underwater
▼ + stars: | 2024-04-16 | by ( Mary Gilbert | Brandon Miller | ) edition.cnn.com time to read: +2 min

CNN —A year’s worth of rain unleashed immense flash flooding in Dubai Tuesday as roads turned into rivers and rushing water inundated homes and businesses. Shocking video showed the tarmac of Dubai International Airport – recently crowned the second-busiest airport in the world – underwater as massive aircraft attempt to navigate floodwaters. A vehicle drives through deep floodwaters in Dubai, United Arab Emirates, Tuesday. Jon Gambrell/APDubai – like the rest of the United Arab Emirates – has a hot and dry climate. Cars drive through a flooded street in Dubai, United Arab Emirates, Tuesday.

Persons: Dubai International Airport –, Jon Gambrell, United Arab Emirates –, Abdel Hadi Ramahi Organizations: CNN, Dubai International Airport, “, United Arab Emirates, United Nations, AP Dubai –, United Locations: Dubai, United Arab, Gulf of Oman, Oman, Iran

☆ World’s busiest airports: There’s a new No. 2
▼ + stars: | 2024-04-15 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

CNN —Globe-trotters are on the move again in a big way, boosting the rankings of a handful of international aviation hubs on the list of the world’s busiest airports. With 104.7 million passengers in 2023, Dubai’s not nipping at its heels just yet. Tokyo International Airport, commonly known as Haneda Airport, leapt up from No. Tokyo Haneda, Japan (HND): 78.7 million passengers; up 55.1% from 20226. Los Angeles, California (LAX): 75.1 million passengers; up 13.8% from 20229.

Persons: Atlanta’s, ”, Luis Felipe de Oliveira, de Oliveira, Dubai’s, Kamran Jebreili, Issei Kato, Indira, ” de Oliveira Organizations: CNN — Globe, Atlanta’s Hartsfield, Jackson International, “, ACI, Asia Pacific, Atlanta, Chicago, London Heathrow, Tokyo International Airport, Haneda Airport, Reuters, Indira Gandhi International, Air India, IndiGo, Boeing, Aircraft, Hartsfield, Jackson, United Arab Emirates, London, Tokyo, Chicago O’Hare Locations: Dubai, “ Dubai, East, Asia, Atlanta, United States, Dallas, Fort Worth, Denver, Los Angeles, London, Tokyo, Japan, Haneda, Reuters Istanbul’s, New Delhi, India, Jackson Atlanta , Georgia, United Arab, Fort Worth , Texas, DFW, London Heathrow, United Kingdom, Tokyo Haneda, Denver , Colorado, Istanbul, Turkey, Los Angeles , California, Chicago O’Hare , Illinois, ORD, Delhi

☆ Hong Kong regulators approve launch of spot bitcoin and ether ETFs
▼ + stars: | 2024-04-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Harvest Global and Bosera International have also received SFC approval for bitcoin and ether ETFs, according to the companies. However, Hong Kong has slowly been trying to make itself a regulated crypto hub to compete with places like Dubai and Singapore. Hong Kong's moves come after U.S. securities regulators approved the trade of spot bitcoin ETFs, which have seen billions of dollars of inflows. Hong Kong would be one of the first places in the world to approve an ether ETF.

Persons: ChinaAMC, Bitcoin, Kong's, Yolande Chee Organizations: OSL Digital Securities, ChinaAMC, Hong Kong's Securities, Futures Commission, Harvest, Bosera, Hong Kong SFC, CNBC, U.S . Securities, Exchange Commission Locations: Hong Kong, China, Dubai, Singapore, cryptocurrencies

☆ World's busiest airports show surge in international travel. Here are the rankings
▼ + stars: | 2024-04-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Dubai International Airport ranked as the second busiest in 2023, up from fifth place in 2022 and fourth place in 2019, according to Airports Council International's preliminary ranking, which was released on Monday. The resurgence of international travel has been a bright spot for airlines with big international networks, while ultra-low-cost, domestic-focused U.S. airlines have struggled in recent months. Domestic U.S. airports continued to post big gains in passenger counts, but some slipped in the rankings compared with the middle of the pandemic, when international travel restrictions limited long-haul trips abroad. Hartsfield-Jackson Atlanta International Airport, Delta Air Lines ' biggest hub, once again topped the list of the busiest airports, serving 104.7 million passengers, ACI said. Here are the 2023 rankings (with 2022 rankings in parentheses):

Organizations: British Airways Airbus, Heathrow Airport, Dubai International Airport, International Airport, Global, ACI, Domestic U.S, Airport, United Airlines, Hartsfield, Jackson Atlanta International Airport, Delta Air Lines Locations: London, Britain, Tokyo, Denver, United, ACI's

☆ I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
▼ + stars: | 2024-04-14 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

A 25-year-old private tutor told BI about his experiences working in the UAE. He said he had taught the children of some of Dubai's richest people. One of his pupils paid him $3,000 to do his homework, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with a 25-year-old private tutor and academic governor in Dubai.

Persons: —, Catherine Boudreau, I'd Organizations: Service, United Arab Emirates Locations: UAE, Dubai, Maiden Shanghai, Russia, France

☆ Fashion designer Roberto Cavalli, renowned for fierce animal prints and riviera chic, dies at 83
▼ + stars: | 2024-04-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

CNN —Roberto Cavalli, the Italian fashion designer who made his mark on the fashion world with distinctive, glamorous animal prints, has died at the age of 83. Roberto Cavalli walks the runway after a fashion show showcasing his label's designs in Budva, Montenegro on June 10, 2013. Along with animal prints and intarsia leather, denim became a core element of his signature style, leading to the establishment of a more youthful offshoot brand, Just Cavalli, in 1998. Flanked by models in quintessential Cavalli florals and animal prints, Roberto Cavalli takes his bow after his label's Spring-Summer 2015 menswear show at Milan Fashion Week on June 24, 2014. “Dear Roberto, you may not be physically here with us anymore but I know I will feel your spirit with me always.

Persons: CNN — Roberto Cavalli, ” Roberto Cavalli, Francois Guillot, Roberto Cavalli’s, ” Cavalli, Giuseppe Rossi, Cavalli, Pierre Cardin, ” ’ Cavalli, ”, Roberto Cavalli, Savo Prelevic, Eva Maria Düringer, Düringer, Miss Austria, — Cavalli, —, Sandra Nilsson, animalism, Daniele Venturelli, Peter Dundas, Dundas, Paul Surridge, Fausto Puglisi, Puglisi, “, Roberto, ” Puglisi Organizations: CNN, Milan, Getty, Florence’s Academy of Art, Miss, Oxford University, Metropolitan Museum of Art Locations: AFP, Florence, Hermès, Paris, Milan, Saint, Budva, Montenegro, Austrian, New York, Dubai

☆ Global airlines are governed by strict 'freedoms of the air' dating back 80 years. They've created some funky routes.
▼ + stars: | 2024-04-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Global airlines are governed by nine "freedoms of the air," drafted 80 years ago in 1944. The fifth freedom can give airlines a competitive edge and help capitalize on demand. "Five Freedom Agreements"Qantas flies a Boeing 787 on its fifth freedom route between Sydney and New York. Seventh FreedomThe seventh freedom is similar to the fifth freedom but takes out the limitation of where the route must start or end. Ninth FreedomAdvertisementThis cabotage freedom allows an airline of one nation to fly between two points in a separate single country.

Persons: —, Vytautas Kielaitis, Taylor Rains, Toshi, Nicolas Economou Organizations: Service, International Civil Aviation Organization, United Nations, Chicago Convention, ICAO, Chicago, European Union, Singapore Airlines, Airbus, Qantas, Google Flights, United Airlines, FAA, Emirates, Latam Airlines, Atlantic . Emirates, luxe, Forbes, Air Senegal, Boeing, Ryanair, Getty, Nice Locations: New York, Singapore, Frankfurt, Germany, Emirates, JFK, Milan, Newark, Athens, Dubai, Australian, Sydney, Auckland , New Zealand, Cebu, Philippines, Tokyo, —, Mexico City, Barcelona, Santiago, Chile, Auckland, Amsterdam, Buenos Aires, Los Angeles, Australia, Dakar, Baltimore, Ireland, Rome, Vilnius, Lithuania, Paris

☆ BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
▼ + stars: | 2024-04-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

(Photo by Sean Gallup/Getty Images)BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won't meet its inflation target. A report earlier this week showed inflation running at a 3.5% annual rate. Still, Fink expects the Fed to do some reductions this year while it may have to concede that inflation will remain elevated. "Inflation has moderated and we've always said inflation is going to moderate. Fink spoke the same day BlackRock reported quarterly earnings that topped Wall Street expectations both for profit and revenue.

Persons: Larry Fink, Sean Gallup, it's, Fink, we're, " Fink, we've Organizations: UNITED, Expo City, United Arab Emirates, Getty, Federal Reserve, Fed, Federal, BlackRock Locations: DUBAI, EMIRATES, Expo City Dubai, Dubai, United Arab

☆ Jamie Dimon had a lot to say in his annual letter to shareholders
▼ + stars: | 2024-04-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Jamie Dimon's annual letter to shareholders and why this edition is so different . The big storyDimon sounds offWin McNamee/Getty Images; Chelsea Jia Feng/BIWhen Jamie Dimon talks, people tend to listen. Dimon's annual letter to shareholders grabs the business world's attention in ways most executives can only imagine. Dimon described the tech as just as innovative and impactful as the printing press, steam engine, electricity, and the internet, writes Business Insider's Jyoti Mann. The polarization of politics was something Dimon touched on in his letter, urging people to resist being "weaponized."

Persons: —, Jamie Dimon's, Jamie's, Win McNamee, Chelsea Jia Feng, Jamie Dimon, Larry Fink, Dimon, Insider's Jyoti Mann, BI's Theron Mohamed, BI's Juliana Kaplan, Alex Brandon, Rebecca Zisser, he's, it'd, David Rosenberg, Jenny Chang, Rodriguez, Elon Musk, Tesla, Musk, Gabor Cselle, Brooks Kraft, Zers, they'll, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, JPMorgan, Democratic, Monetary Fund, Microsoft, Google, Twitter, Brooks Kraft LLC, Getty, Warner Bros, Oxford High, Boeing Locations: Pennsylvania, Asia, Hong Kong, Singapore, Dubai, Abu Dhabi, London, New York

☆ There's a thriving Russian black market for Elon Musk's Starlink terminals, with the tech being sent far beyond Ukraine
▼ + stars: | 2024-04-09 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Starlink terminals are being widely used by Russian forces in Ukraine, The Wall Street Journal reported. AdvertisementThe Journal also reported that a similar black market is also thriving in Sudan, even though the terminals' use is not authorized there. AdvertisementIn early February, Musk pushed back on claims from Ukrainian military intelligence that the terminals were being systematically used by Russian forces in Ukraine. House Democrats have also pressured Musk to take action, saying Russian military use of the tech is "potentially in violation of US sanctions and export controls." Musk has long sought to limit Starlink's military use, stipulating in the technology's terms of service that it is intended for civilians only.

Persons: Elon Musk's, —, Vladimir Putin's, Musk, Mikhailo Fedorov, Starlink, Musk's Organizations: Street Journal, Service, Elon, Elon Musk's SpaceX, Rapid Support Forces, SpaceX, eBay, Democrats Locations: Ukraine, Russia, Sudan, Crimea, Russia's, Dubai, Chad, South Sudan, Russian, Starlink

☆ Multi-strategy hedge funds in Hong Kong and Singapore are booming. Here's why they're tapping the Middle East to get to the next level.
▼ + stars: | 2024-04-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.

Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, —, Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China

☆ Travel news: The world’s best airports for food and drink
▼ + stars: | 2024-04-06 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —This week in travel news: Europe’s highest pedestrian suspension bridge, a groundbreaking “blended wing” plane, North America’s solar eclipse and the world’s best airports to arrive at hungry. Airport diningThere’s no more captive consumer than a traveler caught between airport security and the departure gate, which is why Food & Wine’s 2024 roundup of the world’s best airports for food and drink got our mouths watering. “Like interest on a bank account we never knew we had.”Solar eclipse across North AmericaVideo Ad Feedback A total solar eclipse will darken skies across the US. There won’t be another total solar eclipse in the contiguous United States until 2044, so make sure you’re prepped.

Persons: bartenders, Shakira, Blake Scholl, ”, don’t, CNN’s Chris Isidore, he’s, won’t Organizations: CNN, hawker, Singapore, Narita International, Dubai International, Pathfinder, America, Disney Locations: Changi, Raffles, Tokyo, Dubai, Italy, Umbria, Africa, Kalandula Falls, Angola, South America, American, Costa Rican, Machu Picchu, Aguas Calientes, California, Colorado, vida, Mexico, United States, Spain, “ Andalusia, North America, Alicudi, Bogota

☆ I'm a digital nomad in Big Tech who got promoted to senior management in 2 years. Traveling constantly hasn't held me back.
▼ + stars: | 2024-04-04 | by ( Cornelia Holzbauer | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a transcribed conversation with Andre Maxwell, a digital nomad who works at cloud security company Okta. I had already been a digital nomad for almost a year, working as a cybersecurity engineer at a smaller tech company. I start working at 5 p.m. local time from Dubai or 10 p.m. from Japan. Discovering new restaurants and cafés in a coastal city, near the water with the sun shining on me — it makes the sacrifices of the digital nomad life all worth it. If your role mainly depends on you and your ability to perform, then I think it's much easier to go the digital nomad route.

Persons: —, Andre Maxwell, I've Organizations: Service, Okta, Business, Time Locations: Tulum, Mexico, Okta, Dallas, That's, Thailand, Japan, Finland, Austria, Dubai, California, Barcelona

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