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☆ A visit to Amangani last summer — one of the top luxury resorts in Jackson Hole, Wyoming — quickly showed me why it's such a hotspot for wealthy travelers
▼ + stars: | 2023-07-14 | by ( Katie Warren | ) www.businessinsider.com time to read: +1 min

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 . AdvertisementAdvertisementTucked away in the mountains with sweeping views of the Tetons, luxury resort Amangani includes 40 suites that start at $975 per night and go up to $2,100 per night. The Jackson Hole, Wyoming, resort is part of global luxury chain Aman Resorts, which is beloved by celebrities and ultra-wealthy. Last summer, I visited Jackson Hole, which has become a ritzy resort town, and got an exclusive tour of Amangani.

Persons: —, Stuart Lang, Jackson, Amangani Organizations: Service, Rolls Royce, Aman Locations: , Wyoming

☆ India and China are buying new tanks designed to fight on one of the world's highest battlefields
▼ + stars: | 2023-07-02 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

Both countries are also investing in new light tanks designed for high altitudes and rough terrain. Consequently, India is planning to developing its own light tank to level the playing field. The Type 15A Type 15 tank on display at the Beijing Exhibition Center in October. NOEL CELIS/AFP via Getty ImagesChina has coped with these issues by deploying its Type 15 light tank, one of the few modern light tanks produced in the 21st century. India has tried on and off since 1983 to develop a new light tank but has never settled on a model.

Persons: —, NOEL CELIS, Arjuna, Ajay Aggarwal, hasn't, Danish Ismail, Narendra Modi's, Toubro, Zorawar Singh Organizations: Service, US Army, Bilderwelt, Beijing Exhibition Center, Getty Images, Abrams, Getty, Hindustan Times, Indian Ministry of Defense, REUTERS, Danish, India's Ministry of Defense, Larsen, Rolls Royce Locations: India, Bologna, China, Japan, Ladakh, AFP, Getty Images China, Russia, Western, People's Republic of China, New Delhi, Pakistan, Indian, Belgian

☆ Australia's Canva expands A.I.-powered design business to Europe
▼ + stars: | 2023-06-08 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Melanie Perkins, co-founder & chief executive of Australian graphic design firm Canva, says the business is in a "uniquely strong position" as it expands to Europe. LONDON — Australian graphic design company Canva believes it is in a "uniquely strong position" to withstand industry headwinds as it embarks on a European expansion. The Sydney-based software company opened its new Europe headquarters in London last month as it competes with tech heavyweights Adobe and Microsoft to attract individual and enterprise users to its design suite. Canva, which offers both free and paid tools for designing websites, presentations and social content, had annualized revenues of $1.5 billion in the year to May. Of its 135 million global users, 16% are in Europe.

Persons: Melanie Perkins, Canva, Perkins, We've Organizations: LONDON, Adobe, Microsoft, CNBC, WPP, Unilever, Rolls Royce Locations: Europe, Sydney, London

☆ The fundamental factors fueling the European rally this year
▼ + stars: | 2023-04-26 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +1 min

Favorable climate conditions and a decrease in the cost of natural gas are fueling a European market rally, a stark contrast to energy crisis fears of last year. "Which could arguably be a tail wind for the European consumer to help spend on those luxury goods." European luxury stocks are among the breakout stars in 2023, with Rolls Royce up 58% and Hermes and LVMH jumping 34% and 33%, respectively. Bartolini said that the energy crisis concerns that were once weighing down on sentiment have come and gone, reinvigorating optimism into the European market. "Because there are more things pointing up than there are more things pointing down for the European markets."

☆ Europe is the place to invest so far in 2023. Here's why
▼ + stars: | 2023-04-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

U.S. stocks are off to a good start in 2023, with the S & P 500 up 7%, but Europe is just killing it. All the major European ETFs are up 15%-20% for the year and were at new highs last week. From makeup to sneakers to steel to pharmaceuticals and software to cars for the masses, Europe is outperforming. European stocks this year L'Oreal up 38% Adidas up 33% Thyssenkrup up 32% Bayer up 30% SAP up 29% Stellantis up 25% There's are several other reasons Europe is outperforming. That is historically a very low P/E ratio for Europe, in the 4th percentile (low) relative to the STOXX Europe 600 over the last 15 years.

☆ The Janes 1960s underground abortion network
▼ + stars: | 2023-04-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +28 min

The group was officially created in 1969 as the “Abortion Counseling Service of Women’s Liberation.”But after running ads in an underground newspaper: “Pregnant? “It wasn’t just abortion,” Barron explained. “Vacuum aspiration was much easier to do, and I think it’s less difficult for the woman,” Scott said. We had to keep the service running.”Laura Kaplan volunteered for the Janes, later immortalizing the group in her book, "The Story of Jane: The Legendary Underground Feminist Abortion Service." Each Jane was charged with 11 counts of abortion and conspiracy to commit abortion, with a possible sentence of up to 110 years in prison.

☆ I started my Turo business with one car and grew my fleet to 69 cars. Now I can afford a luxury apartment and multiple vacations every year.
▼ + stars: | 2023-04-19 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

Natalia Zorina is a Turo host in Miami who started her business on the car-rental app in 2018. I started Turo as a side hustle with one carI'm from Ukraine and moved to the US in 2017. I started renting our family car, a 2011 Porsche Cayenne, on Turo in 2018. Luxury family cars, like Mercedes SUVs, are also in demand because tourists in Miami come here to enjoy the luxury vibe of the city. In my fleet, I have a yellow car, orange car, blue cars, green cars — I have all sorts of colors.

☆ From making parts with A.I. to digitally cloning cars: What factories will look like in the future
▼ + stars: | 2023-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

RittalConversational artificial intelligence that can be used to communicate with equipment and generate machine parts. These are just a few of the technologies that will power the factories of the future, according to technologists and industry experts who spoke with CNBC. Floyd said that Google is already working to achieve this with natural language processing capabilities in its AI tools. "In the future, there is potential to generate content from and for many types of manufacturing equipment, ranging from specific repair instructions to software code that is tailored to a specific asset." Many manufacturers see potential in the "industrial metaverse," a version of the metaverse tailored to the manufacturing, construction and engineering industries.

☆ Lamborghini CEO says orders for hybrid Revuelto show 'incredible' demand from wealthy car-buyers
▼ + stars: | 2023-04-11 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

watch nowLamborghini's quick sellout of its new $600,000 hybrid supercar is proof that wealthy car buyers are still spending, according to the CEO. Lamborghini already has a waiting list and two years worth of orders for the Revuelto, its first ever plug-in hybrid that was launched last month, CEO Stephan Winkelmann told CNBC. Every Lamborghini model launched after the Revuelto will be a hybrid, with plug-in versions of the Urus SUV and Huracan sportscar expected in the coming years. With the Revuelto, Lamborghini utilized the best of both worlds, pairing three electric motors with a new 6.5-liter, naturally aspirated V12 engine for a combined 1,001 horsepower. Lamborghini Revuelto Ambient Courtesy: Lamborghini"The team worked hard on this car for years," Winkelmann said.

☆ Faraday Future starts EV production of FF 91 after months-long delay
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - Faraday Future Intelligent Electric Inc (FFIE.O) said on Wednesday it has started production of its much-delayed first luxury electric car, FF 91 Futurist, at its California factory. "This shows that FF has entered a new phase under the governance and operation of the new board and management," founder YT Jia said in a statement. The FF 91 Futurist is expected to be offered in both the U.S. and China markets, with initial 2023 sales to begin in Los Angeles, San Francisco, New York, Shanghai and Beijing, the company said. Deliveries in the U.S. will begin at the end of April 2023, a spokesperson for Faraday Future told Reuters, but did not give details on who the first customers would be. Reporting by Yana Gaur and Jyoti Narayan in Bengaluru; Editing by Sherry Jacob-Phillips and Uttaresh VenkateshwaranOur Standards: The Thomson Reuters Trust Principles.

[1/5] A concept model of the Global Combat Air Programme (GCAP)'s fighter jet is displayed at the DSEI Japan defense show at Makuhari Messe in Chiba, east of Tokyo, Japan March 15, 2023. REUTERS/Kim Kyung-HoonTOKYO, March 15 (Reuters) - Britain and Japan are set to dominate a three-nation project with Italy to build an advanced jet fighter, with Rome set to pay around only a fifth of the overall development cost, two sources said. "The cost of the project will likely be around 40% each for Japan and Britain," one of the people with knowledge of discussions told Reuters. Japan's defence ministry said that discussions were ongoing and declined to comment on the cost sharing ratios. Details of which companies will build what components are being hammered out in regular talks between more junior government officials and contractors in Britain, Japan and Italy, the sources said.

☆ A look inside a $22.5 million Miami condo with insane luxury amenities
▼ + stars: | 2023-03-09 | by ( Ray Parisi | ) www.cnbc.com time to read: +12 min

Turnberry Ocean Club ResidencesInside the Sky Club's fitness center where the treadmills come with impressive views. Turnberry Ocean Club ResidencesOutdoor sunset lounge Turnberry Ocean Club ResidencesAlso up on 32nd floor is a so-called dog retreat where lucky pooches can take in the ocean views and relieve themselves. Turnberry Ocean Club Residences / Leo DiazThe kitchen includes three islands and comes equipped with custom Italian-made cabinetry and high-end German appliances. A rendering of one of the Turnberry Ocean Club Residences' beach front cabanas. Turnberry Ocean Club Residences

☆ Rolls-Royce shares soar by 23% after annual results crush expectations
▼ + stars: | 2023-02-23 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Rolls Royce Trent XWB engines, designed specifically for the Airbus A350 family of aircraft, are seen on the assembly line at the Rolls Royce factory in Derby, November 30, 2016. Shares of London-listed aviation manufacturer Rolls-Royce soared Thursday, after the company sharply beat expectations with a 57% year-on-year increase in underlying profit, driven by its civil aerospace and power systems. The company recorded £652 million ($786 million) of underlying profit last year, £238 million higher than in 2021 — exceeding analyst forecasts near £478 million, as polled by Reuters. The company attributed the results to recovering demand for international travel, noting a 35% year-on-year hike in large engine flying hours for civil aerospace. The surge brings Rolls-Royce shares in line with the Deutsche Bank analysts' price target of £1.36.

BENGALURU, Feb 13 (Reuters) - India wants to more than triple annual defence exports to $5 billion by 2024/25 from $1.5 billion currently as it looks to ramp up domestic manufacturing, Prime Minister Narendra Modi said on Monday while inaugurating the Aero India show. "Today, India is not just a market for defence companies, it is also a potential defence partner," Modi said in his speech at the show. "I call on India's private sector to invest more and more in the country's defence sector." India, for decades one of the world's biggest importers of defence equipment, now exports to 75 countries, he added. India's airlines are also expanding, with Tata Group's Air India expected to announce a potentially record deal to buy nearly 500 jets from Airbus and Boeing, worth more than $100 billion at list prices.

☆ Ferrari CEO says Tesla's success was a 'wake up call' for the auto industry
▼ + stars: | 2023-02-13 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Ferrari is an "emotional car" while Tesla is a "functional car," he said. Ferrari plans to unveil its first fully electric car in 2025, taking it to market in 2026. And Tesla certainly got things moving for the electrification of the automotive industry, Ferrari CEO Benedetto Vigna told Bloomberg. While investing in electric cars, it will "keep offering a mix of technology for as long as it's feasible. As "functional" electric cars, to use Vigna's words, become more and more popular, luxury automakers like Ferrari are getting ready to enter the market.

☆ Bugatti just sold its last purely gas-powered car for more than $10 million
▼ + stars: | 2023-02-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

New York CNN —Bugatti sold its last purely gas-powered supercar at a Paris auction Wednesday for more than $10 million, setting a world auction record for a new car. Originally a special development model that was never intended to be sold, the one-of-a-kind Bugatti Chiron Profilée sold at RM Sotheby’s Paris collector car auction for a bid of $9.5 million. The Bugatti Chiron Profilée is painted in a special color called Argent Atlantique, a hue developed just for this car. Included in that 500 have been a few variants, such as the Chiron Sport, Chiron Pur Sport and Chiron Super Sport, each with varying degrees of top speed, acceleration and cornering aggressiveness. The Bugatti Chiron Profilée has an aerodynamic wing to increase pressure on the rear wheels at high speeds.

☆ Feds seized a party boat, a Rolls Royce, and a motorcycle from a man accused of using COVID loans to buy his way into a Texas yacht club
▼ + stars: | 2023-01-27 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

A deceased Texas man had his party boat, Rolls Royce, and yacht club membership seized by the feds. He secured the goods through a COVID PPP loan fraud scheme, seeking $23 million, feds alleged. Between April 2020 and May 2020, he received almost $1 million in PPP loans and started spending. McQuarn agreed to hand over the items he bought with some of the $23 million in COVID PPP loans he tried to secure, which included a Rolls Royce and a sizable boat. By June 2020, federal investigators had caught up to McQuarn and his associates, seizing all of the money and luxury items that they had amassed in their scheme.

☆ Rolls Royce and Porsche's gravity-defying sales numbers show the rich aren't cutting back on luxury spending just yet
▼ + stars: | 2023-01-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Ultra-wealthy shoppers meanwhile have kept up spending, driving record sales for Rolls Royce and Porsche. But the 2022 sales of brands like Rolls Royce and Porsche appear to defy this financial gravity. Rolls Royce CEO Torsten Müller-Ötvös. Porsche 2022 Taycan GTS and Taycan GTS Sport Turismo. While most average households are balancing the math of higher-priced eggs against shifting energy bills, an exclusive few are busy making sure the Rolls Royce they buy is one-of-a-kind.

☆ 'Entourage' star Adrian Grenier traded Hollywood for a Texas ranch. Read the 21-page deck that helped him launch a production company and inspire others to embrace sustainable living.
▼ + stars: | 2023-01-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Adrian Grenier, star of HBO's hit series "Entourage," now lives at Kintsugi, a ranch outside Austin. He's taking viewers into his sustainable lifestyle with a new production company, Earth Speed Media. "Entourage" star Adrian Grenier went from La La Land — to working the land. Named Kintsugi, a Japanese word for a traditional art of repairing pottery, the ranch is a far cry from life in Hollywood. To coincide with Earth Speed Media's launch, the company shared the deck that helped it raise more than $150,000 in pre-seed funding last year.

☆ Rolls-Royce sees record sales 2022, no slowdown in spending by the wealthy
▼ + stars: | 2023-01-09 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. "We haven't seen seen any slowdown or downturn," Muller-Otvos told CNBC. Still, the U.S. was the largest market overall for Rolls-Royce in 2022, accounting for nearly 35% of its global sales, Muller-Otvos said. China, its second-largest market, saw a slight decline in sales but still claimed 25% of global sales and posted its second-strongest year for the company. The company's SUV, the Cullinan, was its best seller in 2022 making up about half of global sales, Muller-Otvos said.

☆ Rolls-Royce sees record sales in 2022
▼ + stars: | 2023-01-09 | by ( Darren Geeter | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRolls-Royce sees record sales in 2022Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong. The company said the average price of a Rolls Royce soared to $534,000 last year — thanks largely to its customization program known as Bespoke.

☆ Queen guitarist May, soccer Lionesses named in king's New Year honours
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

Denis Pellerin/Handout via REUTERSLONDON, Dec 30 (Reuters) - Britain recognised Queen guitarist Brian May, several English "Lionesses" who won the European women's soccer championship and diplomats involved in the response to Russia's invasion of Ukraine in King Charles' first New Year's honours list. Four members of the England women's soccer team received honours, with captain Leah Williamson awarded an OBE, while the tournament's golden boot winner Beth Mead, defender Lucy Bronze and all-time top scorer Ellen White received MBEs. The team's coach, Dutch national Sarina Wiegman, received an honorary CBE - a type of award given to foreign nationals. Queen Elizabeth died in September, making the New Year's honours the first to be awarded by King Charles since he came to the throne. The list is drawn up by independent committees, before it is approved by the prime minister and the monarch.

☆ Faraday Future slides on signaling need for funds to start production
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - Shares of Faraday Future Intelligent Electric (FFIE.O) tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional financing. The company is in talks with new and existing investors to raise the $150 million to $170 million in capital needed to start production in March and deliveries a month later of the FF 91 Futurist, Faraday disclosed on Thursday. The company, which said it required investors to approve an increase in the number of shares to secure the financing, is also grappling with top-level changes. Last month, the board appointed Faraday Future's China Chief Executive Xuefeng Chen as its global CEO after Carsten Breitfeld was asked to resign. Reporting by Akash Sriram in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Saka at the double as dynamic England hit Iran for six
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +4 min

England, semi-finalists in 2018, came into the tournament without a win in six games, but a dynamic opening 45 minutes in which Jude Bellingham scored his first England goal, Bukayo Saka doubled the lead and Raheem Sterling grabbed a third set up a second-half stroll. read moreThe game eventually took centre stage and it was not long before England were in top gear. Shaw was the provider again for England's second as his corner was headed back across the area by Harry Maguire to Saka, who volleyed home expertly. England were not done, however, as Saka grabbed his second in the 62nd minute. His side face Wales on Friday when England take on the United States.

☆ Rolls-Royce’s first electric car has two doors and is longer than a Cadillac Escalade
▼ + stars: | 2022-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN Business —Rolls-Royce will start production of its first electric car next year. That’s fairly sleek, but just in the ballpark among modern electric cars. Even an electric Rolls-Royce could hardly go without the grille, though, since the upright, tombstone-shaped slab of metal slats is among the most genuinely iconic in the industry. This follows the strategy of Rolls-Royce’s parent company, BMW, which also relies on flexible engineering that can be used to build both gasoline and electric cars. Usually automakers try to conserve weight when making electric cars to make up for all the mass the batteries themselves add.

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