In Berkshire Hathaway’s Form 13F regulatory filing, the company, owned by billionaire Warren Buffett, revealed it had bought a stake in banking giant Citigroup. Berkshire Hathaway purchased 55.2 million shares, or approximately 2.8% of Citigroup’s outstanding shares, for a total value of around $2.95 billion. Berkshire Hathaway’s average cost per share was around $53.40. At […]
The new luxury hotel is set to open in the summer of 2023 and is part of the 810-acre Son Bunyola Estate, which sits within the spectacular UNESCO World Heritage Site of the Serra de Tramuntana mountains. The hotel, simply named the Son Bunyola Hotel, is based around an existing farming manor which dates back […]
Amazon founder and former CEO Jeff Bezos has criticised the Biden Administration over spiralling US inflation. Turning to Twitter, Bezos wrote that it is the least affluent Americans who are suffering the most. Presently, US inflation is at a near 40-year high. “In fact, the administration tried hard to inject even more stimulus into an […]
The report, published on Friday, said that Murphy had fixed pay of £1.54 million and performance-related pay of £3.21 million. Tesco also noted that Murphy would receive a salary rise of 2.25% in 2022-23. Last month, Tesco reported a 36% increase in profit for 2021-22, though warned of a decline this financial year as rocketing […]
Amanda Blanc, who became the first female CEO of insurance giant Aviva in 2020, has called out sexism in the industry, saying “unacceptable behaviour” has only increased since she started in more senior roles. At the company’s annual general meeting on Monday, shareholders made “sexist and derogatory comments” which Blanc says she is “pretty used […]
The 228.31-carat pear-shaped diamond, nicknamed “The Rock” is expected to fetch between $20 million to $30 million, according to Christie’s. It was mined and polished in South Africa over two decades ago and, at the approximate size of a golf ball, is the largest white diamond ever to appear for sale at auction. The diamond’s […]
In a Tuesday statement, the EV company said it will launch a limited number of its Lucid Air Dream Edition P and R sedans for customers in Germany, Switzerland, Norway, and the Netherlands, adding that it would price its Air Dream Edition P/R at approximately €218,000 in Germany. Last week, Lucid said it would increase […]
According to recruitment firm Hays, over half of employees (53%) would consider moving to a different company if a four-day working week was being offered. Hays said the study of over 9,600 employees also revealed that two in five believe a four-day working week will become a reality over the next few years. Most people […]
Recently, the world’s first-ever airport for flying cars opened its doors. UK-based Urban-Air Port launched Air-One on April 25, which will serve as a hub for electric vertical take-off and landing (eVTOL) vehicles once it’s fully ready for use. Urban-Air Port will operate Air-One for at least one month in Coventry, helping to develop a […]
On Wednesday, luxury carmaker Aston Martin Lagonda named former Ferrari boss Amedeo Felisa as its new chief executive officer, succeeding Tobias Moers who joined the company in 2020. Moers is set to step down with immediate effect and Felisa will also be appointed as CEO with immediate effect. Felisa currently serves on Aston Martin’s board […]
Musk’s tweet, which soon went viral, came just two days after the Tesla CEO acquired Twitter in a $44 billion deal. “Next I’m buying Coca-Cola to put the cocaine back in,” Musk wrote, referring to the drink’s original 1886 recipe when it was a tonic for various ailments. Musk also shared a screenshot of a […]
In 2024, Six Senses will open the world’s first energy-positive hotel at the foot of the breathtaking Svartisen glacier in Norway. The luxurious Six Senses Svart takes inspiration from a coastal fisherman’s cabin, known as rorbu, with its 94 rooms impressively suspended above the Holandsforden fjord on poles that have been carefully designed to have […]
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