According to a Monday report by Bloomberg, luxury fashion brand Tom Ford is in talks with investment bank Goldman Sachs about a company valuation. The potential sale could put the company’s worth at several billion dollars, though as the details of Tom Ford’s financials are not public, this figure is difficult to estimate. According to […]
SpaceX, which was founded in 2002 by Elon Musk, has completed its first-ever launch to polar orbit for its Starlink internet network, enabling complete coverage of Earth. On Sunday, a SpaceX Falcon 9 rocket lifted off from the Vandenberg Space Force Base in California to deliver 46 Starlink satellites into low-Earth orbit. “These polar launches […]
On Thursday, it was announced that EDF is seeking a new CEO, just a day after France said it plans to fully renationalise the company amid issues with debt. EDF, in which France already has an 84% stake, is one of Europe's largest utility companies and is central to France's nuclear strategy. This is proving […]
Bulgari Resort Ranfushi will be built on the isle Raa Atoll, just 45 minutes from Malé airport by seaplane When completed, the resort will boast 54 spectacular rooms, 33 beach villas featuring their own swimming pools, and 20 overwater villas. All accommodation options will have access to a range of luxurious amenities, including a fitness […]
Rihanna was recently featured on Forbes’ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall. However, the Fenty Beauty CEO is the list’s only billionaire under the age of 40. While some of Rihanna’s $1.4 billion net worth stems from her successful music career, it is her […]
A new study by communications firm Mattison Public Relations on the gender pay gap has revealed that only one of the fifty highest paid directorships on the board of the UK’s FTSE 100 companies is held by a woman. The survey found Emma Walmsley, CEO of pharmaceuticals giant GlaxoSmithKline, is the only female representative on […]
Luxury Italian carmaker Lamborghini is set to invest a minimum of €1.8 billion to produce a new hybrid lineup by 2024 and to release a fully electric model by the end of the decade. The announcement comes as the European Union agrees to ban the sale of petrol and diesel cars by 2035 in a […]
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 […]
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