Italian jewellery maker Bulgari is marking the 10th anniversary of its Octo collection with an extraordinary world record. Its latest watch, the Octo Finissimo Ultra, is the thinnest mechanical watch ever created— the eighth occasion on which the luxury brand has set a record for thinness. Three years of research and development were required by […]
On Tuesday, Haun Ventures, founded by former federal prosecutor turned crypto investor Katie Haun, announced a $500 million early-stage fund. The firm also announced an additional $1 billion for more mature startups which will focus on Web3. Haun Ventures’ launch comes at a challenging time for the crypto industry. Following an all-time high for Bitcoin […]
Axios’ report states that China now has a total of 1,133 billionaires, a figure which is growing approximately three times faster than the US’ billionaire population. Presently, the US had 716 billionaires. The three cities with the largest billionaire populations are now all in China, with Shenzhen recently bumping New York City from third place. […]
On Monday, Berkshire Hathaway announced it had agreed to purchase insurance company Alleghany for $11.6 billion in cash. The company said the deal, expected to close in the fourth quarter of this year, represents “a multiple of 1.26 times Alleghany’s book value at December 31, 2021” in addition to a 16% premium to Alleghany’s average […]
According to CNBC, Tesla wrote in an email to its European employees: “For any Tesla employee who is a Ukrainian national and has been asked to return to Ukraine for active duty as a reservist, we will maintain their employment and salary for 3 months, with a view to assessing after this period as needed.” […]
The 1996 Ferrari F50 is one of four Ferrari supercars of the same collection going up for auction at the Artcurial Paris Rétromobile sale later this month. This F50 was delivered on 24 June 1996 by Charles Pozzi to a client in Monaco and has covered only 1318km. It is said to be in “faultless […]
The shadow secretary for women and equalities, Anneliese Dodds, said the research demonstrates that women are key to a stronger economy. She also accused the government of ignoring the needs of women throughout the covid-19 pandemic. “When you’ve got more engagement from women, when women are in the driving seat to the extent they should […]
Hermes and Cartier were the first brands to announce such moves, shortly followed by Chanel, Kering, and LVMH. Via a LinkedIn post, French fashion house Chanel said, "Given our increasing concerns about the current situation, the growing uncertainty and the complexity to operate, Chanel decided to temporarily pause its business in Russia.” Meanwhile, luxury goods […]
Twitter’s offices will begin to reopen from 15 March, CEO Parag Agrawal announced in a tweet. However, he also said that employees will never be forced to return to Twitter’s newly opened offices after the company promised in October 2020 that it would allow remote working permanently. “Wherever you feel most productive and creative is […]
In an email to Ukrainian Tesla owners published by Electreck, Musk’s EV company announced that it would drop the fee for its supercharging stations in countries directly surrounding Ukraine. Both Tesla and non-Tesla EVs can be charged without cost in Poland, Slovakia, and Hungary. “We hope that this helps give you the peace of mind […]
As sanctions against Russia increase following its unprovoked attack on Ukraine, the nation’s billionaires with ties to President Vladimir Putin are moving their luxury superyachts to avoid having them seized. As reported by CNBC, data from Marine Traffic shows that at least four luxury superyachts owned by Russia’s wealthy are currently being relocated to safer […]
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