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☆ Tourists can be a turnoff for wealthy travelers in hotspots like Tulum and Mykonos. Here are 4 places that are still an oasis for the ultra-rich.
▼ + stars: | 2024-07-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDuring the summer months, if you're not on vacation yourself, it feels nearly impossible to avoid seeing pictures or videos of everyone else's trips to popular hotspots. But while both destinations still attract several million tourists yearly, some ultra-rich vacationers seek more exclusive locations away from the hoi polloi. Its casinos, luxury shopping, and excess of yachts make it "a playground for the ultra-rich," according to West. Courtesy of Fraser YachtsFive-star hotels have attractive amenities, but luxury yachts unlock another level of privacy and mobility for those rich enough to own or charter one.

Persons: —, Alexa West —, Aman, Kylie Jenner, Justin Bieber, Valentin Luthiger Andermatt, Knight Frank, Mark Cavendish Organizations: Service, United Nations World Tourism Organization, Business, Aman Resorts, Aman Resorts Aman Resorts, Monaco Monaco, Monaco, Wall Street, Yachts, Fraser Yachts Locations: japan, Italy, Tourism, US's Utah, Aman Resorts Aman, Its Utah, Utah, Switzerland, Monaco, Mykonos, St, Tropez, Sardinia, Carinthia

☆ Apple reportedly cancels plans to build a car
▼ + stars: | 2024-02-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg. The news signals that Apple will cease its secretive effort to build a car to rival Tesla . The program employed thousands of employees but never fit with Apple's core business of electronics and online services, and raised questions about what companies Apple would tap to manufacture a car. Reports of Apple's ambition to build a car first surfaced in 2014 after the company recruited automotive engineers and other talent from car companies. Some Apple employees in the company's car division may move to a generative artificial intelligence team, according to Bloomberg.

Persons: Tim Cook, Tesla Organizations: Apple, Formula One United, Prix Circuit, Bloomberg, San Francisco Bay Area, CNBC PRO Locations: Formula One United States, Americas, Austin , Texas, San Francisco Bay

☆ F1 on the right track in Vegas after parking lot past
▼ + stars: | 2023-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

"The only problem last time was we couldn’t run on the Strip, which is what I wanted to do," he said. "I wanted to make sure when somebody turned their television on they knew they were in Vegas, not in the desert. But it never happened because the people in Vegas, all the hotels, couldn’t see that it was going to be any good for them. "F1 didn’t take to Vegas, it was mutual," recalled journalist Nigel Roebuck 30 years later in MotorSport magazine. "A night race down the Strip that’s going to be iconic ... that’s going to be on every piece of television imaginable."

Persons: Jose Carlos Pace, Bernie Ecclestone, Amanda Perobelli, Max Verstappen, Ecclestone, we’d, I’m, They’ve, Nigel Roebuck, Roebuck, Alan Jones, Maurice Hamilton, Greg Maffei, Alan Baldwin, Chris Reese Organizations: Prix, Jose Carlos Pace Circuit, Formula, One, Briton, Caesars Palace, Formula One, MotorSport, Netflix, Liberty Media, Thomson Locations: Sao Paulo, Brazil, Las Vegas, Vegas, United States, Miami, Americas, Austin, America, U.S, London

☆ Motorsport icon Marc Marquez shares the biggest lesson and toughest decision of his career
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

BURIRAM, THAILAND - OCTOBER 28: No.93 Marc Marquez of Spain and Repsol Honda Team during qualifying at Chang International Circuit on October 28, 2023 in Buriram, Thailand. (Photo by Supakit Wisetanuphong/MB Media/Getty Images) Supakit Wisetanuphong/mb Media | Getty Images Sport | Getty ImagesMotoGP legend Marc Márquez says leaving Repsol Honda — where he has won six premier class world titles over the last decade — was the biggest and most difficult decision of his career. Márquez will leave his current team at the end of this season of Grand Prix motorcycle racing (MotoGP). Since then, a series of serious injuries and a drop-off in performance of the Honda bike relative to rival manufacturers, particularly the currently dominant Ducati, have prevented him from tilting at a record-equalling seventh premier class world championship. At Gresini Ducati, a satellite team of the flagship Ducati Lenovo factory team, Márquez will be riding what is currently the most dominant bike on the grid.

Persons: Marc Marquez, Spain, Supakit Wisetanuphong, Supakit, Marc Márquez, Repsol, —, Márquez, Joan Mir, Gresini, PHILLIP, Mirco Lazzari Organizations: Repsol Honda Team, Chang, Circuit, Getty, Repsol Honda, Prix, Honda, Ducati, Gresini Ducati, CNBC, videolink, Malaysian, Phillip, Ducati Lenovo Locations: BURIRAM, THAILAND, Buriram, Thailand, Malaysia, PHILLIP ISLAND, AUSTRALIA, San Remo, Phillip Island, Australia

☆ F1 teams analyse crane photos for secrets of Red Bull floor
▼ + stars: | 2023-05-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

MONACO, May 28 (Reuters) - Formula One rivals hope to discover some of dominant Red Bull's most closely guarded secrets from photographs of the underside of Sergio Perez's car after it was craned off the Monaco Grand Prix circuit. The floor is the most aerodynamically sensitive area of the car, with ground-effect sculpting responsible for much of the performance. Monaco marshals typically use cranes to clear stranded cars from the metal-fenced track because of the close confines and lack of runoff. "So the teams will be all over those kinds of photographs. "There’s a lot of very excited aerodynamicists up and down the pitlane looking at all of that."

☆ Formula One under scrutiny over balance between safety and entertainment
▼ + stars: | 2023-04-03 | by ( Ian Ransom | ) www.reuters.com time to read: +4 min

Stewards had hoped racing would decide the winner but the carnage only served to trigger a third red flag and a processional win behind a safety car for Red Bull's Max Verstappen. DAMAGE BILLSStriking the right balance between safety and sport has long challenged Formula One, which moved to tighten its safety car rules after controversy hit the title-deciding 2021 Abu Dhabi Grand Prix. Officials no longer have such discretion but the application of safety car rules continues to flummox drivers and team bosses alike. Mercedes boss Toto Wolff said he was not sure when to expect a standard safety car versus a virtual one or a red flag after incidents. "Standing starts are the most vulnerable part of any grand prix and we did three of them," said Red Bull boss Christian Horner.

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