Danish yacht maker X-Yachts has recently launched an innovative new sailing yacht that is as sleek and stylish as it is sustainable. Named the X49E, the 49-foot yacht is the very first electric sailboat produced by the luxury sailboat maker. The X49E is based on X-Yachts’ existing X49 model, but renounces the traditional diesel engine […]
The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla need to be cut, though he added that the company would be increasing hourly […]
According to the country’s Minister of Environment, Climate Change and Technology, the Maldives could disappear by the end of the century, if the world does not act quickly. In response to this devastating estimate, the government of the Maldives has been working in collaboration with Netherlands-based developer Dutch Docklands to generate plans for an innovative […]
Elon Musk has shared a dose of bad news for his electric vehicle company Tesla, explaining that its new factories in Germany and the United States are losing billions of dollars due to battery shortages and supply disruptions in China. Musk referred to Tesla’s Berlin and Austin, Texas plants as “gigantic money furnaces.” "Both Berlin […]
Portland-based Outside Van has just unveiled its new camper model, Tails, carefully crafted for the avid cyclist. The camper van, which is based on the Mercedes-Benz Sprinter, has room for up to six bikes; four can be mounted to the van’s outside utility ladders, while an additional two can be mounted on the interior garage […]
As first reported by Sky News, aero-engine group Rolls-Royce is to give a one-off payment of £2,000 to 14,000 of its UK employees to help with the rising cost of living. In addition to the lump sum, Rolls-Royce will also offer a 4% pay rise backdated to March to 11,000 shopfloor workers. Rolls-Royce, which is […]
Food delivery company Deliveroo has appointed Scilla Grimble as its next chief financial officer (CFO). Grimble will replace Adam Miller who is set to stand down in September. Grimble has served as CFO for price comparison site MoneySupermarket.com since 2019 and previously worked as interim CFO for British retailer Marks & Spencer. Grimble is set […]
Helen Connolly, who has been at New Look since 2020 as chief commercial officer, will now step into the role. She has previously served as chief executive at women’s clothing brand Bonmarche and as head of buying at Dorothy Perkins. In a company press release, Connolly said, “It’s a privilege to be taking on the […]
On Thursday, Ferrari CEO Benedetto Vigna confirmed the luxury carmaker’s plan to launch its first electric model in 2025. Vigna said that the company expects full-electric cars to make up 5% of sales in 2025 and 40% by 2030. He said Ferrari would develop and build its own electric motors, inverters, and battery modules. With […]
Henley & Partners, which supports high-net-worth individuals (HNWI) in seeking citizenship around the world, teamed up with New World Wealth to conduct the analysis. Henley’s most recent instalment of its Global Citizens Report updated projections for the migration of millionaires. While Russia currently has 101,100 millionaire residents, around 15,0000 (15%) of them are expected to […]
Winch Design has unveiled its latest superyacht concept. Known simply as the “Beach Explorer”, this impressive superyacht spans 367 feet and, inspired by the commissioning client’s passion for diving and water sports, has been thoroughly kitted out for exciting ocean adventures. The Beach Explorer features a plethora of toys, gear, and amenities to keep guests […]
Last week, the Federation of Small Businesses (FSB) agreed to sign the Menopause Workplace Pledge, which aims to correct the lack of awareness and support for women and non-binary people in the workplace who are experiencing menopause. While women make up around half of the UK workplace, approximately 900,000 have left their jobs due to […]
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