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☆ 5 mind-bending buildings from Las Vegas to Dubai that never broke ground — and what stands in their place instead
▼ + stars: | 2024-06-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +1 min

A new book, "The Atlas of Never Built Architecture," explores the world as it could've been. Authors Sam Lubell and Greg Goldin explore never-built designs from over 300 global architects. 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 . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.

Persons: could've, Sam Lubell, Greg Goldin, — Organizations: Service, Business Locations: Jakarta's, Los Angeles

☆ Wombat walker: Australia needs help looking after its cutest residents
▼ + stars: | 2024-06-22 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

East Coast Natureworld in Tasmania, Australia, is hiring a “wombat walker” who will help keep these fuzzy marsupials in peak physical condition. Tasmania is also looking for a volunteer paranormal investigator to spend a day (or night …) checking out a spooky abandoned asylum. Now, travelers are looking at Norway and Sweden in the summer while checking out flights for Greece in the cooler fall and spring. New Zealand Prime Minister Christopher Luxon alights from a Royal New Zealand Air Force aircraft. But New Zealand Prime Minister Christopher Luxon isn’t just any ordinary traveler.

Persons: ”, Petros Giannakouris, Sarah Hamouda, Christopher Luxon alights, Andrew Kutan, grumbling, Christopher Luxon isn’t, Luxon, Michelle Wibowo, Simon Jacobs, Edamame Sheeran, Benedict Cucumberbatch, it’s Organizations: CNN, Zealand, Royal New Zealand Air Force, Getty, Air New Zealand –, Qatar Airways, Virgin Australia Locations: Dubai, East Coast, Tasmania, Australia, Athens, Greece, Italy, Hong Kong, Norway, Sweden, AFP, Japan, Air, Doha, South Korea, Matera

☆ At Royal Ascot, the Hats ‘Err on the Side of Extravagance’
▼ + stars: | 2024-06-22 | by ( Vanessa Friedman | Landon Nordeman | ) www.nytimes.com time to read: +1 min

Hats may follow horses around the world, from the Kentucky Derby to the Dubai World Cup and the Hong Kong Cup, but nothing tops the … well, toppers at Ascot, founded in 1711 by Queen Anne. Perhaps it’s because of “My Fair Lady” and the extraordinary black and white lace hat Cecil Beaton created for Eliza Doolittle when she made her Ascot debut. Or maybe it’s thanks to Queen Elizabeth II, whose twin passions for horses and hats reached their apex at Ascot. “To err on the side of extravagance as opposed to modesty is a joy for everyone,” said the milliner Stephen Jones, who reported that he once made an Ascot hat out of feathers for Jasmine Guinness, the aristo-model, in the shape of a feathered pinwheel about two feet high. “There are so few rules in dressing anymore that to dress up is part of the reason for going to Ascot.

Persons: Queen Anne, ”, Cecil Beaton, Eliza Doolittle, Queen Elizabeth II, Stephen Jones, Jasmine Guinness Organizations: Royal Ascot, Kentucky Derby, Dubai, Hong Kong, Ascot Locations: Ascot

☆ SIRO, One Za’abeel: Dubai’s ‘first fitness hotel’ is taking wellness tech to the next level
▼ + stars: | 2024-06-21 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

“The industry is evolving,” says Desmond Cawley, hotel manager at SIRO, One Za’abeel. This kind of light therapy treatment has its roots in NASA’s experimentation with red light therapy in the 1990s to boost plant growth in space and help heal wounds in astronauts. Rebecca Cairns/CNNEven at SIRO, with all its cutting-edge tech, Cawley has observed a surge of interest in mindfulness activities like meditation. Of course, at SIRO, there’s even a high-tech alternative to this: “vibroacoustic therapy,” the sci-fi equivalent of a gong bath. Tech to help you disconnect might seem excessive, but for SIRO, the integration of health data is the future of wellness, providing guests with a data-driven, personalized wellness program.

Persons: ”, Desmond Cawley, SIRO, Dubai’s, Adam Peaty, Ramla Ali, Cawley, it’s, Rebecca Cairns, Boka, “, Beth McGroarty, that’s, ” McGroarty, SIRO isn’t, McGroarty, —, there’s Organizations: CNN, AC Milan football, Kerzner, Global Wellness Institute, bros, Equinox Locations: Dubai, Montenegro, New York City, SIRO, Cryotherapy

☆ Amiri at Paris Fashion Week: How this fashion designer is reinventing American cool
▼ + stars: | 2024-06-21 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +5 min

Paris CNN —Few cities have been so adamantly idealized, mythologized and captured on film and in photographs as Los Angeles and Paris. Pascal Le Segretain/Getty ImagesThese inspirations translated into pieces in faded, sun-washed teal, blue, gray and vintage-inspired knits. Some models wore Amiri brooches resembling music notes. Designer Mike Amiri of the eponymous Californian brand at the finale of his Paris show. OConnor/Arroyo/AFF-USA/ShutterstockK-pop star Sunwoo (seen here at the brand's June 20, 2024 show in Paris) has been recently announced as an ambassador for Amiri.

Persons: “ Jardin des Plantes ”, Mike Amiri, Yussef Dayes, Miles Davis, Duke Ellington, Dizzy Gillespie, Amiri, dégradé, Pascal Le Segretain, Ryan, Amiri’s, Kay, Paris Fernandes, ”, Kim Sunwoo, Angelina Jolie, Lenny Kravitz —, Ryan Gosling, Omar Sy, Lena Waithe, Barry Keoghan, James Sleaford, “, Arroyo, Shutterstock, Saint Tropez Organizations: Paris CNN, “ Jardin des Plantes, City, South, AFF, Getty Locations: Angeles, Paris, “ Jardin, Hollywood, London, Paris’s, Montaigne, Venice Beach, South Korean, France, OConnor, Dubai, Saint

☆ Ken Griffin is betting big on Miami
▼ + stars: | 2024-06-20 | by ( Paul Squire | ) www.businessinsider.com time to read: +1 min

Billionaire Ken Griffin is doubling down on Miami. The Citadel boss is expanding its new office in the city's financial district, CoStar News reported. Griffin has pumped millions of dollars into Florida since moving his company from Chicago in 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The new Citadel office at 830 Brickell in the middle of Miami's financial district will now feature eight floors, CoStar reported.

Persons: Ken Griffin, Griffin, —, Adrian Smith, Gordon Gill Organizations: Citadel, News, Service, Gordon Gill Architecture, OKO Group, Business Locations: Miami, Florida, Chicago, Gordon Gill Architecture Dubai

☆ Meet the woman behind Dubai’s viral super-chunky chocolate bar
▼ + stars: | 2024-06-19 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +5 min

CNN —On TikTok, gooey, crunchy, loaded chocolate bars are going viral. Bursting with unusual fillings such as filo pastry, vanilla custard, or tea and biscuits, these chunky chocolate bars originate from Fix Dessert Chocolatier. It’s not just a chocolate bar, she says: “We want to create an experience.”The 38-year-old, who has been Dubai-based for nine years, launched the brand in 2021 as a side hustle. Inspired by her pregnancy cravings, the British Egyptian entrepreneur set out to create something more than the “typical” chocolate fix. The 200-gram chocolate bars, which retail for $20 each, are only available through food delivery service Deliveroo, with sales going live at 5pm daily.

Persons: ”, Sarah Hamouda, It’s, Maria Vehera, ingle, ike, ince, ideo, egan, hank Organizations: CNN, ust Locations: Dubai, British Egyptian, arak

Dubai CNN —Dozens of people have died and thousands have been treated for heatstroke while performing the annual Muslim Hajj pilgrimage to Mecca amid extreme temperatures of up to 49 degrees Celsius (120 degrees Fahrenheit). At least 41 Jordanians, 35 Tunisians and 11 Iranians are among the dead, according to authorities in each country. Additionally, the governments are only aware of pilgrims who have registered and traveled to Mecca as part of their country’s quota – more deaths are feared among unregistered pilgrims. While deaths among pilgrims are not uncommon (there were more than 200 last year), this year’s gathering is being held amid particularly high temperatures. On Monday, Saudi Arabia advised pilgrims against performing the ‘stoning of the devil’ ritual between certain hours after temperatures reached an extreme 49 degrees Celsius (120 degrees Fahrenheit).

Persons: Handi Alkhshali Organizations: Dubai CNN, Crescent, Saudi, Saudi General Authority, Statistics Locations: Dubai, Mecca, Saudi Arabia, Egypt, Kingdom

☆ Camping at a luxury Dubai oasis
▼ + stars: | 2024-06-19 | 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 EmailCamping at a luxury Dubai oasisNara and Sonara offer an escape from Dubai as a luxury resort in the middle of the desert. Founder Stephanie Reichenbach reveals what visitors can expect.

Persons: Stephanie Reichenbach Locations: Dubai, Nara

☆ Inside a $100,000-a-night hotel suite in Dubai
▼ + stars: | 2024-06-19 | 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 EmailInside a $100,000-a-night hotel suite in DubaiAtlantis The Royal's Royal Mansion is nicknamed the "Beyonce suite" because the music superstar and Jay-Z were its first guests. What do you get for $100,000 a night? Atlantis The Royal's Managing Director Tom Roelens gives CNBC's First Class an exclusive tour.

Persons: Jay, Tom Roelens Locations: Dubai

☆ The secrets of a Michelin-starred chef
▼ + stars: | 2024-06-19 | 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 EmailThe secrets of a Michelin-starred chefGiacomo Amicucci, head chef at Il Ristorante-Niko Romito at the Bulgari Resort Dubai, prepares a dish that almost everyone has had, but never like this. CNBC First Class reveals the secrets of preparing Spaghetti Pomodoro the Il Ristorante way.

Persons: Giacomo Amicucci, Il Ristorante, Niko Romito Organizations: Michelin, CNBC Locations: Dubai

☆ Shopping for a multimillion-dollar car
▼ + stars: | 2024-06-19 | 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 EmailShopping for a multimillion-dollar carThe 300XL Gullwing Mercedes-Benz is a two-seat sports car that was produced by Mercedes-Benz from 1954 to 1957. CNBC's First Class takes a look at a multimillion-dollar, totally restored version on sale in Dubai.

Persons: Gullwing Mercedes Organizations: Benz, Mercedes Locations: Dubai

☆ Matthew Briggs made his English Premier League debut at 16. 11 years later, he was left feeling suicidal
▼ + stars: | 2024-06-19 | by ( Ben Church | ) edition.cnn.com time to read: +11 min

That “surreal moment” seemingly was the start of an exciting career in the game – Briggs was once tipped as a future England captain. In the year when he walked away from soccer, Briggs moved in with his uncle. For the first time in his life, Briggs learned how to deal with the feelings he had struggled with for years. Briggs playing for England in the Under-20 World Cup in 2009. Thousands of young players are fed into the academy system every year, with only a tiny percentage ever making it.

Persons: CNN — Matthews Briggs, – Briggs, ” Briggs, “, ‘, ’, Briggs, ”, Middlesborough, Wayne Rooney, Lee Smith, I’m, Joe Giddens, Matthew Briggs, –, I’ve, Alex Livesey, “ I’ve, that’s, it’s, Matthew Ashton, ” Neil Saunders, Briggs leant, Harvey Elliot, Arsenal’s Ethan Nwaneri, Elliot Organizations: International Association for Suicide Prevention, Befrienders Worldwide, CNN, English Premier League, Fulham, CNN Sport, Fulham’s, Arsenal, Premier League, Professional Footballers Association, England, Guyana’s CONCACAF, FIFA, US, Danish, HB Køge, Guyana, CONCACAF, Panama, Academy, PFA –, PFA, Liverpool Locations: England, Dubai, “, Guyana, Panama, Trinidad & Tobago

☆ Elon Musk seems pleased that Dubai police are now driving a Cybertruck
▼ + stars: | 2024-06-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Dubai is adding a Cybertruck to its fleet of luxury police vehicles. Elon Musk is thrilled, but the Tesla pickup is unlikely to be chasing down criminals anytime soon. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDubai has added a Cybertruck to its fleet of luxury police vehicles — much to Elon Musk's satisfaction. Its police force said on X it now had the Tesla as part of its "tourist police" patrol fleet, posting an image of a Cybertruck in green and white livery.

Persons: Elon Musk, Tesla, —, Elon Organizations: Service, Dubai Police General Command Locations: Dubai

☆ Forget Nvidia: Wealth manager for the ultra-rich names 3 global stocks to buy instead
▼ + stars: | 2024-06-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Shares in Adobe jumped by 17% after its results announcement last week, and are up around 7% in the last 12 months. "The market is not seeing much potential in Adobe because Nvidia is making all these big future predictions and markets love that. HDFC Bank In India, the wealth manager is betting on financial firm HDFC , as the country — and the bank itself — prepares for growth. When asked how HDFC compares with competitors like ICICI Bank , Sengupta responded that the former's management is "very stable with consistent leadership and that puts them in good standing." Shares in the bank are up by just over 1% in the last 12 months, but are showing signs of picking up.

Persons: Dhruba Jyoti Sengupta, Sengupta, Davidson, Harley Davidson, HDFC Organizations: Nvidia, CNBC Pro, Wrise, Adobe, Harley, HDFC Bank, India, ICICI Bank, National Stock Exchange, U.S, India Financials Locations: Asia, East, Europe, Dubai, India, FactSet

☆ Inside Schonfeld's macro shake-up: Research turnover, PM changes, and a shift away from big bets
▼ + stars: | 2024-06-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A move away from big-time directional strategies is not a surprise. Plenty of funds that made their name on bold macro predictions have been humbled in the last 18 months. At Schonfeld, macro is still somewhat new for the firm. Several people familiar with the firm told Business Insider that he lost money while at the manager.

Persons: —, Colin Lancaster, Brent Cook, Eisler, Igor Ninkovic, Jaime Valle, Jerome Saragoussi, Ben Melkman, Brevan Howard, Jordan Barnes, Rahul Mehra, Karthikeyan, Yasmin Sahin, Said Haidar's, Sharpe, Lancaster, Melkman, Marc Tishfield Organizations: Service, Business, United Arab Emirates, Schonfeld, Bridgewater, Barclays, Citi, Matador Investment Management, Millennium Locations: York, Europe, Dubai, London, Bridgewater, Melkman, Schonfeld, New York

☆ From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
▼ + stars: | 2024-06-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +14 min

This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.

Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, –, Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, …, Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance

☆ Electric ‘seagliders’ that skim over water could make ferries a thing of the past
▼ + stars: | 2024-06-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

More than 600 seagliders have already been sold for a total of over $9 billion, according to Thalheimer. “When you’re coming in on a bumpy approach, then sort of get right over the runway, and the plane just sort of floats for a second before landing — that’s the ground effect at work. Wouldn’t that be a great place to spend the entire flight, that nice calm state over the runway?”The United States and Germany also experimented with ground effect vehicles, but ultimately the concept never took off. First, Thalheimer says, seagliders are better at dealing with waves than vintage ekranoplans. Old ground effect vehicles were more akin to aircraft, with pilots controlling them at all times.

Persons: “ We’re, ”, Billy Thalheimer, REGENT, seagliders, Regent, Thalheimer, ekranoplans, Rather, “, Brittany Ferries, Ras Al Khaimah, Darren Biddlecombe Organizations: CNN, REGENT, United Arab, Regent, Air Mobility, Key West, Japan Airlines, New, Abu Dhabi Department of Transport Locations: Boston, North America, Abu Dhabi, United Arab Emirates, Europe, Asia, Dubai, Soviet Union, United States, Germany, Hawaii, Miami, Key, Bahamas, Brittany, France, Italy, New Zealand, Ras Al

☆ Travel news: The Tank Museum in England has a bigger YouTube following than MoMA
▼ + stars: | 2024-06-08 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In this week’s roundup of travel news, we bring you the world’s best restaurants for 2024, Disneyland’s epic expansion plans and the little museum in rural England that’s become a YouTube hit. World’s best restaurants1. This famed Barcelona eatery was one of five restaurants in Spain to make this year's World's 50 Best Restaurants list. Dubai has more “best” restaurants than any other destination in the Middle East, according to the 50 Best group.

Persons: England that’s, He’s, that’s, AirlineRatings.com, Disney World’s, Peter Pan, Francesc Guillamet Ferran, Asador, Bruno Verjus, Philippe Vaures Santamaria, Dabiz Muñoz, Diverxo, Diverxo Maido, Maido, Atomix, Evan Sung, Søren Gammelmark, Gaggan Anand, Don Julio, Pablo Domina World's Organizations: CNN, Canada House, American Airlines, Disney, Aberdeen Angus, Multicultural, CNN Travel, Finland Locations: England, New York, Paris, Normandy, Canada, Philippines, Bataan, Florida, Texas, Gulf, Asia, Pacific, Southern California, Japan, Tokyo, Disfrutar, Barcelona, Spain, Basque, Madrid, Spanish, Lima, Peru, New York City, Koreatown, Manhattan, Quintonil, Mexico, Copenhagen, Denmark, Bangkok, Thailand, Kolkata, Buenos Aires, Argentina, Hereford, Dubai, British, Soviet Union

☆ Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
▼ + stars: | 2024-06-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn ChengBEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing their global footprint. The nearly 10-year-old company will also start shipping its lowest-cost brand, Firefly, in the first half of next year, Li said. The battery and electric car giant said in November it opened a showroom in Dubai Festival City as part of a collaboration with Al-Futtaim Electric Mobility Company. watch nowAs competition in the Chinese electric car market intensifies, Nio launched a lower-priced brand called Onvo in May.

Persons: Nio, Evelyn Cheng, William Li, Li, BYD, Nomura, Nio's Li Organizations: CNBC, United, United Arab Emirates, United Arab, Dubai Festival City, Al, Futtaim Electric Mobility Company, Tesla, BMW Locations: Shanghai, China, Evelyn Cheng BEIJING, Middle East, U.S, United Arab, Europe, United Arab Emirates, Dubai, 2H24

☆ World’s 50 Best Restaurants for 2024 revealed
▼ + stars: | 2024-06-06 | by ( Karla Cripps | ) edition.cnn.com time to read: +5 min

CNN —Any doubts that Spain remains the fine dining center of the world may just have evaporated with the revealing of the World’s 50 Best Restaurants for 2024 list. As for the event’s host country, the US had two restaurants on this year’s 50 Best list. Three restaurants from Tokyo were awarded, with eatery Sézanne (voted Asia’s best restaurant in 2024) ranking the highest in the Japanese capital, at 15. Restaurants can only win the top prize once, after which they’re entered into a separate “Best of the Best” program. The world’s 50 best restaurants 20241.

Persons: –, Barcelona’s, it’s, Oriol Castro, Eduard Xatruch, El, Victor Arguinzoniz, Paris, Bruno Verjus, Diverxo –, Lima’s, Gaggan Anand, York City’s Atomix, SingleThread, they’re, Osteria Francescana, Asador, Don Julio, Quique, São, Tim Raue, Jane, Le, Schloss, Hiša Franko Organizations: CNN, Wynn, Sézanne, Restaurants Academy, of, Trèsind Locations: Spain, Las Vegas, Spanish, Bilbao, Peruvian, Mexico, North America, Mexico City, Vegas, Paris, Bangkok, Thai, York, Healdsburg, California’s Sonoma Valley, Tokyo, Hong Kong, Noma, Copenhagen, London, Modena, Italy, Mirazur, Menton, France, of Lima , Peru, Disfrutar, Barcelona, Madrid, Lima, Peru, New York City, Quintonil, Denmark, Thailand, Buenos Aires, Argentina, Dubai, UAE, Japan, England, Sangro, Steirereck, Vienna, Austria, Suhring, Odette, Singapore, Bogotá, Colombia, São Paulo, Brazil, Santiago, Chile, Berlin, Germany, Belcanto, Lisbon, Portugal, Rosetta, Frantzén, Stockholm, Sweden, Antwerp, Belgium, Rio de Janeiro, Sorn, Piazza, Alba, Le Du, Ikoyi, Seoul, South Korea, , California, Switzerland, Kobarid, Slovenia, Cape Town , South Africa

☆ Flying taxis are closer than ever to reality. The booming industry needs to overcome infrastructure hurdles.
▼ + stars: | 2024-06-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

One expert said eVTOLs fly at low altitudes and could create airspace and security challenges. The US's first electric vertical-takeoff and -landing aircraft are expected to fly commercial passengers as soon as 2025. It still needs further approvals to fly for airlines like United, but the latest certificate puts it one step closer. Archer's Midnight aircraft are typically shorter range, with the Midnight flying up to 100 miles on one charge. Joby plans to use the four urban vertiports as a citywide commercial eVTOL air link around Dubai.

Persons: eVTOLs, —, Archer, Bryan Bernhard, Bernhard, Archer's, Pete Syme, Henry Harteveldt, Joby, Rani Plaut, Harteveldt, Bernard, Archer Aviation's, Archer Aviation Bernhard Organizations: Infrastructure, Service, Royal Aeronautical Society, American Airlines, United Airlines, Virgin Atlantic Airways, US Air Force, JPMorgan, Newark Liberty International, O'Hare International, Archer, Midnight, Joby Aviation, FAA, NASA, Joby, Air, Delta Air Lines, Federal Aviation, Archer Aviation Locations: Manhattan, New Jersey, Chicago's, Henry, Dubai, Japan, New York City, San Francisco, Washington, London, Paris

☆ Dubai Mall, one of the world's largest, is getting even bigger with a $400 million expansion
▼ + stars: | 2024-06-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an estimated 1.5 billion dirhams ($408 million). Spanning 12 million square feet of floor space, the mall is also connected to the Burj Khalifa, the world's tallest skyscraper. The mall's developer, Emaar Properties this week announced the building's expansion plan, which will add 240 new luxury stores and food and drink venues. "The new Dubai Mall expansion is a great addition to one of the most visited sites in the world," Mohamed Alabbar, Emaar founder, said in a statement.

Persons: Mohamed Alabbar Organizations: United Arab Emirates, SEGA Locations: Dubai, United Arab, DUBAI, Burj, UAE, Ukraine

☆ How the super rich ship their cars
▼ + stars: | 2024-06-05 | by ( Simon Usborne | ) edition.cnn.com time to read: +6 min

Hallworth's business, Dan Car Logistics, ships more than 100 flash cars a year. If anything, he says, the flow of wheels has reversed; he’s often transporting cars from London to Dubai for people travelling or doing business there. December was the busiest month, and the biggest destinations for cars leaving the UAE were Frankfurt, Zurich and Chicago. Some of Hallworth's clients have been put off storing cars in cities like London. “We always want the owner’s ID, the registration documents of the cars and to get a feel of the customer,” he says.

Persons: Naran, ”, Daniel Hallworth “, he’s, “, ” Dan Hallworth, Daniel Hallworth Hallworth, Hallworth, ” Mercedes, Chiron, Daniel Hallworth, “ I’ve, “ It’s, I’m Organizations: CNN, Porsche Carrera GT, Private Jets, Porsche, London Volkswagen, Dan Car Logistics, Cape Town, Samsung TV, Nissan, Bugatti, London . Newspapers, Police, Etihad Cargo, UAE, Daniel Hallworth Etihad Locations: Zimbabwe, Dubai, London, Los Angeles and New York, Emirates, hatchbacks, Cape, Manchester, England, East, Harrods, Los Angeles, Marbella, Spain, Qatari, Heathrow, Abu Dhabi, Frankfurt, Zurich, Chicago

☆ The super-rich are moving cash to one city, wealth manager says, revealing how they're investing
▼ + stars: | 2024-06-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

"A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai," Dhruba Jyoti Sengupta, CEO of Wrise Private Middle East, told CNBC Pro on May 31. Sengupta — whose firm serves ultra-high-net-worth and high-net-worth individuals across Asia, the Middle East and Europe — said he regularly receives inquiries from individuals about investing in Dubai. The consultancy firm, which tracks private wealth and global investment migration trends, ranked it as the 21st wealthiest city in the world. "In fact, the super-wealthy do a lot of diversification and invest in different geographies and assets using Dubai as a gateway." Portfolio allocation Sengupta also revealed how individuals with around $10 million to invest typically allocate funds: $3 million (30%) in wealth accumulation.

Persons: Dhruba Jyoti Sengupta, Sengupta —, Europe —, Sengupta Organizations: Wrise, CNBC Pro, United Arab, Henley & Partners, Citibank Locations: India, South Korea, Dubai, Asia, East, Europe, Indonesia, United Arab Emirates, Africa

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