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For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.

Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain

☆ Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement
▼ + stars: | 2024-04-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Eight U.S. newspaper publishers filed suit against Microsoft and OpenAI in a New York federal court on Tuesday, claiming the technology companies reuse their articles without permission in generative artificial intelligence products and incorrectly attribute inaccurate information to them. The group of eight newspaper publishers takes issue with ChatGPT and Microsoft's Copilot assistant — available in the Windows operating system, the Bing search engine, and other products the software maker produces. The legal challenge comes four months after The New York Times sued OpenAI over copyright infringement in the ChatGPT chatbot that the startup released in late 2022. The New York Times case also touched on the matter of OpenAI models regurgitating information from its articles. Correction: This article has been updated to reflect the correct day the lawsuit against Microsoft and OpenAI was filed.

Persons: Sam Altman, Microsoft's, OpenAI, Axel Springer Organizations: Economic, U.S, Microsoft, Bing, Southern, of, New York Daily News, Chicago Tribune, Orlando Sentinel, Sun Sentinel, The Mercury, The Denver Post, Orange County Register, Pioneer Press of Minnesota, CNBC, New York Times, OpenAI's, Financial, Google Locations: Davos, Switzerland, New York, U.S, of New York, Florida, California, Orange

☆ 86% of expats report being stressed out, but study suggests they may also cope better with burnout
▼ + stars: | 2024-04-30 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Globally mobile employees often have... a mental and physical feeling of being healthy, capable, and energetic – and a strong sense of meaning and purpose. So why do globally mobile individuals score higher on vitality despite reporting higher stress and burnout levels compared to local counterparts? Globally mobile employees emerge as a highly valuable and resilient segment of the workforce. Despite facing unique stressors associated with their situation, they exhibit distinct skills and a high level of motivation, resulting in higher vitality. 2024 Cigna Healthcare Vitality Study

Persons: Ernestine Siu It's, Wendy Sherry, Sherry Organizations: Healthcare, Global Health, International Health, Cigna, Cigna Healthcare, Financial Locations: United States, Singapore, U.S, Spain, Netherlands, Belgium, Switzerland, Kenya, United Arab Emirates, Saudi Arabia, China, Hong Kong, Asia, Middle East, Africa, UAE, Europe

☆ Nearly 47 child migrants a day vanished in Europe since 2021, research reveals
▼ + stars: | 2024-04-30 | by ( Carlotta Dotto | ) edition.cnn.com time to read: +6 min

CNN —Around 47 children vanish every day in Europe, according to new research by cross-border journalism collective Lost in Europe showing more than 50,000 child migrants went missing after arrival over the past three years. The research builds on findings released in 2021 that revealed at least 18,000 child migrants disappeared upon arrival in Europe in the three years from January 2018 to December 2020. Out of 31 contacted countries, Lost in Europe received 20 responses, with seven lacking required data and 11 not responding — representing an improvement from 12 responses overall in 2021. Other significant countries of origin include Syria, Tunisia, Egypt, and Morocco, according to the data collected by Lost in Europe. Lost in Europe is a not-for-profit cross-border journalism project investigating the disappearance of child migrants in Europe.

Persons: Aagje Ieven, Ieven, ”, “, Maja Hitij, Patricia Durr, Adam Berry Organizations: CNN, Ghent University, United Nations, Lost, ECPAT, Austrian Ministry of, European Union, Migration Network Locations: Europe, Austria, Germany, Italy, Slovakia, Belgium, Switzerland, Ghent, Eisenhuttenstadt, Afghanistan, Syria, Tunisia, Egypt, Morocco, ”, Moria, Mytilene, Greece

☆ Perimenopause may spike risk of depression, study finds
▼ + stars: | 2024-04-30 | by ( Kristen Rogers | ) edition.cnn.com time to read: +6 min

Now, a new study has quantified the risk of depression during the transition, known as perimenopause — showing that women in this stage are about 40% more likely to experience the mental health condition than premenopausal women. The authors conducted the study — which is a review of seven studies totaling 9,141 women — to provide an estimate for the risk of developing clinical, diagnosed depression or depressive symptoms at different menopausal stages. The authors didn’t find a significant difference in risk of depression for postmenopausal women compared with premenopausal women. Badawy is now an associate graduate mental health worker at the Barnet, Enfield and Haringey Mental Health NHS Trust in London. And doctors should develop and maintain relationships with mental health providers to whom they can refer patients diagnosed with depression.

Persons: ”, Aimee Spector, ” Spector, —, didn’t, Stephanie Faubion, Penny, Bill George, Faubion wasn’t, Yasmeen Badawy, ” Faubion, Faubion, Rebecca Thurston, wasn’t, Thurston, “ Organizations: CNN, Disorders, University College London, Johns Hopkins Medicine, Mayo Clinic’s Center, Women’s Health, Barnet, Haringey Mental Health, Trust, Pittsburgh, University of Pittsburgh, Lifeline Locations: United States, Australia, China, Netherlands, Switzerland, Minnesota, Enfield, Haringey, London

☆ Gold retreats as dampened Fed rate cut hopes dent appeal
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices slipped on Monday as hopes for early interest rate cuts this year dampened, while focus shifted to the Federal Reserve policy meeting and U.S. non-farm payrolls data due this week for further clarity on monetary policy. "Short term, gold is facing some challenges given the likely delayed timeline for rate cuts. The Federal Reserve's policy meeting from April 30-May 1 and the non-farm payrolls data due on Friday are key for markets this week. The Fed is seen holding its benchmark interest rate steady at 5.25%-to-5.5% at this meeting.

Persons: Tim Waterer, Jerome Powell, Waterer Organizations: Federal Reserve, KCM Trade, Investors, People's Bank of, Citi Locations: Mendrisio, Switzerland, People's Bank of China

☆ WADA to launch independent review into its handling of doping case involving Chinese swimming
▼ + stars: | 2024-04-26 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —The World Anti-Doping Agency (WADA) has commissioned an independent review into its handling of a doping case involving 23 Chinese swimmers after the organization said that it had been the subject of “damaging and baseless allegations.”The development comes after WADA was criticized by members of the anti-doping community, sparking a dispute which looks set to overshadow events in the pool at this year’s Olympics in Paris. “We have no evidence of any sort of skullduggery or planting of trimetazidine,” Wenzel told reporters on Monday. “In the past few days, WADA has been unfairly accused of bias in favor of China by not appealing the CHINADA [China Anti-Doping Agency] case to the Court of Arbitration for Sport,” added Bańka. Trimetazidine has the potential to boost endurance and has been banned by WADA since 2014. WADA said that Swiss prosecutor Eric Cottier, attorney general of Vaud in Switzerland for 17 years until his retirement in 2022, will lead the review into the handling of the case.

Persons: WADA, –, ”, Witold Bańka, “, Ross Wenzel, trimetazidine, ” Wenzel, Bańka, ” Bańka, Trimetazidine, CHINADA, Eric Cottier, USADA, WADA’s, ” WADA, Cottier Organizations: CNN, Doping Agency, New York Times, ARD, Tokyo Olympics, Sport, Xinhua Locations: Paris, China, trimetazidine, Swiss, Vaud, Switzerland

☆ WADA Appoints Special Prosecutor in Chinese Doping Case
▼ + stars: | 2024-04-25 | by ( Michael S. Schmidt | Tariq Panja | ) www.nytimes.com time to read: +1 min

The World Anti-Doping Agency on Thursday appointed a special prosecutor to review how 23 Chinese swimmers who tested positive for a banned drug were allowed to avoid public scrutiny and compete at the 2021 Olympics, where they won gold medals and set records. The decision to appoint the special prosecutor, Eric Cottier of Switzerland, came amid an outcry from top government officials, antidoping experts and authorities, and athletes over the way Chinese antidoping officials and the global regulator, known as WADA, handled the positives. “WADA’s integrity and reputation is under attack,” the WADA president, Witold Banka, said in a statement. “In the past few days, WADA has been unfairly accused of bias in favor of China by not appealing the Chinada case to the Court of Arbitration for Sport. We continue to reject the false accusations and we are pleased to be able to put these questions into the hands of an experienced, respected and independent prosecutor.”

Persons: Eric Cottier of, WADA, Witold Banka, “, ” Organizations: Doping Agency, New York Times, Sport Locations: Eric Cottier of Switzerland, China

☆ Americans are falling behind on their payments
▼ + stars: | 2024-04-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Americans are already struggling to keep up with their credit card payments. Strong consumer spending has buoyed the US economy through the Fed’s aggressive hiking cycle that has brought interest rates to a 23-year high. Economists say that Fed officials look closely at Americans’ ability to make their payments. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. “This is particularly troubling given that ‘naked’ short selling often entails sophisticated market participants profiting at the expense of retail investors,” the Trump Media CEO wrote.

Persons: New York CNN —, Austan Goolsbee, ’ ”, ”, Ramon Laguarta, Matt Egan, Devin Nunes, ” Nunes, Nunes, Read, Hanna Ziady, Colm Kelleher, “ Organizations: CNN Business, Bell, New York CNN, Chicago Federal, Society for, New York Fed, ISI, PepsiCo, Commerce Department, Atlanta Fed, Social, Trump Media, Trump Media & Technology Group, Truth Social, Financial Services, Republican, Traders, UBS, Credit Suisse Locations: New York, California, Switzerland, Swiss

☆ BHP Anglo American bid: The clean energy race could trigger the biggest mining deal in decades
▼ + stars: | 2024-04-25 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion) in total. The potential deal would have a higher value than the $38.3 billion acquisition of Switzerland’s Xstrata by commodities company Glencore in 2012, according to Dealogic data. It would also be the biggest merger or acquisition in the mining industry by value since Dealogic began collecting the data in 2004. Shares in Anglo American soared as much as 13.8% on the news.

Persons: BHP, Dealogic, “, Mike Henry, ” Susannah Streeter, Hargreaves Lansdown, Rob North Organizations: London CNN — Mining, BHP, London Metals, Oz Minerals, United Kingdom’s, London Stock Exchange, City of, Hargreaves Locations: Australia, City, City of London

☆ IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
▼ + stars: | 2024-04-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

On Tuesday, The Wall Street Journal reported that IBM was getting close to acquiring HashiCorp, sending shares upward. In 2021 HashiCorp shares started trading on the Nasdaq. HashiCorp shares moved 4% higher in extended trading following the acquisition announcement. Revenue from software, at $5.90 billion, increased about 6% and was below the $5.96 billion consensus among analysts surveyed by StreetAccount. Notwithstanding the after-hours move, IBM shares are up about 13% so far this year, outperforming the S&P 500 index, which is up 6% over the same period.

Persons: Arvind Krishna, Dave McJannet, Rob Thomas, IBM's, HashiCorp Organizations: Economic, IBM, HashiCorp, Street Journal, Bloomberg, Linux, Nasdaq, LSEG, StreetAccount, Weather Company, Francisco Partners Locations: Davos, Switzerland

☆ The pre-owned luxury watch market is thriving
▼ + stars: | 2024-04-24 | by ( Fawnia Soo Hoo | ) edition.cnn.com time to read: +11 min

Granted, the pandemic-induced second hand luxury watch boom peaked back in March 2022, but the market is still going strong, and price levels remain higher than pre-Covid times. “(They’re) a crucial demographic for the growth and evolution of the pre-owned and vintage luxury watch industry,” added Paul Altieri, founder & CEO of multi-brand online luxury marketplace Bob’s Watches. Don't be shy," said Dimepiece's Brynn Wallner of new buyers' potential nerves when it comes to luxury watch stores. How can you tell if a luxury pre-owned watch is the real deal? “Luxury watches of this caliber will go from one generation to the next to the next to the next,” he explained.

☆ Some families are hiring multilingual nannies. They say there are clear benefits for their children.
▼ + stars: | 2024-04-24 | by ( Pooja Mistry Shah | ) www.businessinsider.com time to read: +6 min

These caregivers can help children connect with the family's native tongue. "I definitely recommend it to families to help their children with their linguistic tools and global appreciation." Advertisement"We intentionally picked a Filipino caregiver who spoke Tagalog for live-in help because of how nurturing and outgoing the community is," Bhalla Mistry told BI. "Children who grow up multilingual often develop better communication skills and can switch between languages more easily," Bhalla Mistry said. Multilingual nannies can help children connect with their native tonguesMaria Olsson-Tysor of Orange County, California, hails from Sweden and only speaks Swedish to her children, while her husband speaks to them in English.

Persons: —, Candi Vajana, Vajana, nannies, multilingualism, Jayna Patel, Patel, Natasha Bhalla Mistry, Bhalla Mistry, Bhalla, Maria Olsson, " Olsson, Tysor, Olsson Organizations: Service, Business, Montessori Locations: Miami, Singapore, London, COVID, Switzerland, Orange County , California, Sweden

☆ Switzerland says UBS may need more cash. The bank is fuming
▼ + stars: | 2024-04-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center. “There can be no regulatory solution for a broken business model,” he continued, referring to Credit Suisse. UBS bought its stricken rival last March in a government-orchestrated rescue aimed at preventing a global financial crisis. It was not too-low capital requirements that forced Credit Suisse into the historic weekend rescue,” he added. But that leaves the stock more vulnerable to declines as a result of “execution risk in the Credit Suisse integration,” suggested Citi analyst Andrew Coombs.

Persons: London CNN —, Colm Kelleher, “, ”, Kelleher, Pascal Mora, Karin Keller, Keller Sutter, Anke, Andrew Coombs, ” Kelleher, Sergio Ermotti’s, Ermotti Organizations: London CNN, Credit Suisse, UBS, Bloomberg, Getty, RBC Capital Markets, Citi, Reuters Locations: Swiss, Switzerland, Europe

☆ Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump
▼ + stars: | 2024-04-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Swiss pharmaceutical company Roche on Wednesday reported a modest uptick in first-quarter sales, even as waning demand for its Covid-19 products continued to weigh on the company. Sales were up 2% at constant exchange rates, led by stronger demand for Roche's newer medicines and diagnostics, the company said. Excluding Covid-19 products, sales were up 7%. But sales tightened when reported in the company's local currency, down 6% off the back of a strong Swiss franc. Roche CEO Thomas Schinecker on Wednesday confirmed the company's 2024 outlook, saying it was largely out of the woods following a post-Covid-19 slump.

Persons: Roche, Thomas Schinecker, Schinecker Organizations: Roche, AG, Wednesday, Reuters Locations: Basel, Switzerland, Swiss

☆ Drugmaker Novartis climbs 4.4% after guidance rise on sales of blockbuster drugs
▼ + stars: | 2024-04-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Signage for Novartis AG at a building in the company's headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals on Tuesday, after the company raised its full-year guidance following better-than-expected first-quarter results. Novartis' net sales rose 11% in the first three months of the year, while core operating income increased 22% over the same period. Narasimhan said the company continued to advance its drug pipeline in the first quarter, including treatments for prostate cancer and leukemia. "The momentum in our business and pipeline gives us continued confidence in our mid- and long-term growth outlook," he said.

Persons: Vas Narasimhan, Narasimhan Organizations: Novartis AG, Swiss, Novartis Locations: company's, Basel, Switzerland, London

☆ Here are the top 10 smartest cities in the world — and none are in the U.S.
▼ + stars: | 2024-04-22 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

These are the ten smartest cities in the world, according to IMD. This year's index was produced by the IMD World Competitiveness Center's Smart City Observatory in collaboration with the World Smart Sustainable Cities Organization (WeGO) that's based in Seoul, South Korea. Smart cities in Europe and Asia are gaining ground globally while North American cities have fallen down the ranks, according to the 2024 Smart City Index released April. Here are the top 10 smart cities, according to the 2024 Smart City Index. While European cities dominated the list, Asian cities are gaining ground too.

Persons: Bruno Lanvin, Lanvin Organizations: IMD, Smart, Smart Sustainable Cities Organization, United Arab Emirates, Washington DC, San, U.S, Boston, CNBC Locations: Seoul, South Korea, Europe, Smart, Asia, Zurich, Switzerland Oslo, Norway Canberra, Australia Geneva, Switzerland Singapore Copenhagen, Denmark Lausanne, Switzerland London, England Helsinki, Finland Abu Dhabi, Denver, Los Angeles, San Francisco, New York City, Chicago, Singapore, Beijing, Taipei City, Shanghai

☆ Airlines That Offer 'Stopover' Programs, Some With Free Hotels
▼ + stars: | 2024-04-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +12 min

Airlines capitalize on this trend with "stopover" programs, some even offering free hotels and food. Airlines have jumped on this growing trend with built-in "stopover" programs, which can come with free or discounted hotels, excursions, transportation, and food at the layover destination. Essentially, you can't intentionally book a longer layover to quality for the free stopover hotel. Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty ImagesSingapore Airlines' stopover program is available via the multi-city tool, similar to other carriers, where travelers can add hotels, transfers, and activities. Urbanandsport/NurPhoto via Getty ImagesTurkish Airlines' stopover program gives economy travelers a one-night free hotel stay and business flyers a two-night free stay if the period between their connecting flights in Istanbul exceeds 20 hours.

Persons: —, Robert Smith, Markus Mainka, Liang Xu, Nicolas Economou, Thomas Mukoya, Suparat, Finnair, Shutterstock Icelandair, Marcio Rodrigo Machado, Bauer, Griffin, Alexi Rosenfeld, CHARLY TRIBALLEAU, Massimo Insabato, It's, Matheus Organizations: Service, Airlines, Travelers, An Air Canada Boeing, Getty Images Air, Air France, KLM Air France, KLM, Air, China Southern Airlines, China Southern Airlines Airbus, Getty Images China Southern Airlines, Copa Airlines AP Copa Airlines, Copa, Emirates, Emirates Airbus, Getty Images Emirates, Dubai Connect, Ethiopian Airlines Ethiopian Airlines, Reuters Ethiopian Airlines, Etihad Airways, Etihad Airways Airbus, Shutterstock.com Etihad Airways, Fiji Airways Fiji Airways, Shutterstock Fiji Airways, Iberia Airbus, Japan, Japan Airlines Boeing, Japan Airlines, Latam Airlines Boeing, Latam Airlines, Hotels, An Oman Air, Getty Images Oman Air, Qantas, Getty, JAL, Oneworld, Qatar Airways, Qatar Airways Boeing, Getty Images Qatar Airways, Royal Jordanian Airlines Royal Jordanian Airlines Boeing, Getty Images Royal Jordanian Airlines, Air Lines, Swiss International Air Lines Airbus, Getty Images Swiss, Singapore Airlines, Airbus, Getty Images Singapore Airlines, Portugal, TAP Air Portugal Airbus, TAP Air Portugal, Turkish Airlines, Turkish Airlines Airbus, Getty Images Turkish Airlines Locations: Getty Images Air Canada, Canada, Air France, Xinhua, Panama, Panama City, Emirates, Dubai, UAE, Addis Ababa, Abu Dhabi, Fiji, Australia, New Zealand, Pacific, Helsinki, Iberia, Iberia Airbus Iberia, Madrid, Icelandair, Reykjavik, Tokyo, Osaka, Kyoto, São Paulo, Brasilia, Fortaleza, Recife, Manaus, Curitiba, Belem, Oman, Muscat, layover, Bangkok, San Francisco, AFP, Switzerland, Singapore, Lisbon, Porto, Portuguese, Azores, Madeira, Istanbul

☆ Canada’s gold heist: Inside one of the biggest thefts in the annals of crime
▼ + stars: | 2024-04-20 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +13 min

“One which we jokingly say belongs in a Netflix series.”A truck driver with a fraudulent waybill for a seafood shipment picks up the container. Instead of a load of farm-raised seafood, the truck driver pulled away from the loading dock with loot. “They needed people inside Air Canada to facilitate this theft,” Peel Regional Police Det. In its legal response to the Brink’s lawsuit, Air Canada has denied it was “careless” and its security lax. Canadian police had identified him as the truck driver early in the investigation but had not been able to locate him.

Persons: ”, Nishan Duraiappah, Nando Iannicca, Canada “, ” Duraiappah, ’ ” Patrick Brown, –, Mike Mavity, Mavity, couldn’t, “ We’re, ” Mavity, “, it’s, Brink’s, Eric, “ They’re, Nick Milinovich, Duraiappah, CNN’s Paula Newton, Fabiana Chaparro Organizations: CNN, Toronto Pearson International, Air Canada, ” Peel Regional Police, Netflix, Peel Regional Police, Peel, Canadian, CSI, Vancouver Bullion & Currency Exchange, Air, Police, ” Air Canada, Authorities, Alcohol, Tobacco, Firearms, Explosives, ” Police, Investigators, Court, Middle, Middle District of Pennsylvania, ” Peel Locations: Zurich, Switzerland, Canada, Pennsylvania, Florida, Georgia, Brampton, Toronto, Air Canada, United Kingdom, Dubai, India, Franklin County , Pennsylvania, Philadelphia, Middle District, Atlanta

☆ Watch CNBC's full interview with Swiss Finance Minister Karin Keller-Sutter
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Swiss Finance Minister Karin Keller-SutterKarin Keller-Sutter, the finance minister for Switzerland, discusses the "Too Big to Fail" measures recently introduced to regulate the Swiss financial system, and how they could be adopted by other jurisdictions worldwide.

Persons: Karin Keller, Sutter Karin Keller, Sutter Organizations: Swiss Locations: Switzerland, Swiss

☆ These are the world's 10 best airports for 2024, according to passengers. None are in the US.
▼ + stars: | 2024-04-19 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Mikhail Markovskiy/ShutterstockCountry: Germany2023 Ranking: 7AdvertisementSkytrax Awards: Best Airport Staff in Europe, Best Airport in Central Europe, Best Airport Hotel in Europe (Hilton Munich Airport)7. Kazzure Gonzalez/Shutterstock.comCountry: JapanAdvertisement2023 Ranking: 9Skytrax Awards: World's Best Airport Staff, Best Airport Staff in Asia, Best Airport: 30-40 million passengers4. Sean Pavone / iStockCountry: Japan2023 Ranking: 3AdvertisementSkytrax Awards: World's Cleanest Airport, World's Best Domestic Airport, Best PRM and Accessible Facilities, Best Airport: 70+ million passengers, The Cleanest Airport in Asia3. Taylor Rains/Business InsiderCountry: Singapore2023 Ranking: 1Skytrax Awards: Best Airport in Asia, Best Airport Immigration Service, Best Airport: 50-60 million passengers, Best Airport Hotel in the World and Asia (Crowne Plaza Changi Airport)1. Thomas Pallini/Business InsiderCountry: QatarAdvertisement2023 Ranking: 2Skytrax Awards: World's Best Airport, Best Airport in the Middle East, World's Best Airport Shopping, Best Airport: 40-50 million passengers, The Cleanest Airport in the Middle East

☆ Legendary Formula 1 driver Michael Schumacher’s watch collection is going on sale
▼ + stars: | 2024-04-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +4 min

CNN —Eight of Formula One legend Michael Schumacher’s luxury and personalized watches are going up for auction – and they could sell for more than $4.8 million in total. The Rolex stainless steel Paul Newman Daytona watch was named after the Daytona International Speedway in Florida, according to auction house Christie's head of Watches Remi Guillemin. Christie's Images LTD. 2024The collection will form part of Christie’s traditional rare watches auction, consisting of vintage and modern pieces of high-caliber watchmaking from brands such as Audemars Piguet, F.P. Christie's Images LTD. 2024The platinum Vagabondage 1 watch was also a gift from Todt, but for the following Christmas. “These watches (are) for people who are following Formula One, who have followed, like I have, Michael Schumacher when he was racing.

Persons: Michael Schumacher’s, ”, Remi Guillemin, “ We’re, Paul Newman Daytona, Journe, Paul Newman, Guillemin, Jean Todt, chronograph, Schumacher, Christie’s, Michael Schumacher, Todt, Ferrari, ” Guillemin, Corinna, Michael Organizations: CNN, Miami Grand Prix, Daytona, Rolex, Paris Brain Institute, Foundation, Netflix Locations: New York, Geneva, Switzerland, Florida

☆ China’s growing love of luxury watches remains strong, despite economic headwinds
▼ + stars: | 2024-04-19 | by ( Leona Liu | ) edition.cnn.com time to read: +9 min

Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.

Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, ”, Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, “ Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, “, Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, “, Asia — China, Guadalupe, Swiss, watchmaking

☆ A Florida man returned from Europe with a $143,000 phone bill after failing to set up international roaming
▼ + stars: | 2024-04-19 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A Florida man received a $143,000 phone bill from T-Mobile after an overseas trip to Switzerland. The charges were due to his phone not being set for international roaming, according to ABC Action News. AdvertisementA Florida man returned from a trip to Switzerland with his wife last September to discover he was facing an unexpectedly massive phone bill, Tampa's ABC Action News reported. AdvertisementRemund had incurred thousands of dollars in daily roaming charges because his phone was not set up for international roaming, the report said. Related storiesRemund said he contacted T-Mobile, which confirmed the bill was indeed what he owed, per ABC Action News.

Persons: —, Rene Remund, Remund Organizations: Mobile, ABC Action, Service, ABC, Forbes, Federal Communications Commission, Ericsson, North Locations: Florida, Switzerland

☆ It's important to learn lessons from Credit Suisse crisis, Switzerland's finance minister says
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's important to learn lessons from Credit Suisse crisis, Switzerland's finance minister saysSwiss Finance Minister Karin Keller-Sutter says the country should learn lessons from Credit Suisse's failure and devise new legislation in an effort to prevent it happening again.

Persons: Karin Keller, Sutter Organizations: Credit Suisse, Swiss

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