Business Contents Archive

Philip Radziwill is the 41-year-old scion of Polish and Lithuanian royalty — Prince Radziwill, in fact — and he has a claim to American aristocracy, too: his grandfather married Jackie Kennedy’s sister. He manages his family fortune from an office in London, as well as outposts in New York and Monaco, traversing the globe in search of opportunities. More than a decade ago, he set his sights on Warsaw. The family invested millions of dollars in what would become the Mennica Legacy Tower, a soaring glass-and-steel building that’s now a landmark in the city’s business district. It would seem to confirm the gilded financial reputation of the Radziwills, whose lineage can be traced to the Middle Ages. But behind the scenes, the family’s signature Polish investment is almost certain to become something unexpected: a cautionary tale for international investors, including those who’ve flooded the country with $50 billion over the past three years. Tap the link in bio for the full story.

People around the world are taking drastic steps to cope with rising energy costs: bubble-wrapping their windows, skipping showers and sitting in the dark. Despite a mild winter in places like New York City and London, the global energy crisis is hammering people who are grappling with inflation that is driving up the cost of pretty much everything. On Friday, Russia said it would cut its oil output by 500,000 barrels a day next month in retaliation for western energy sanctions, sending oil prices higher. Tyrone Stallone, a comedian in his 30s who lives in a one-bedroom rental in Berlin, has stopped going out with friends so he can save enough money to pay his energy bills, which in recent months have surged more than 10-fold to €80 ($86) a month. Skipping showers, wearing extra clothes and turning off the lights as often as he can have become part of his routine. “It’s just insane. I’ve never experienced anything like it,” he said. Tap the link in bio to learn more.

Mass layoffs are underway all over Big Tech, but not at Apple — because it hired more efficiently in the first place. During the industry’s pandemic-fueled hiring binge, the company added fewer employees than other big tech firms. But on top of that, it also generated far more revenue per new hire than its peers, according to data compiled by Bloomberg. “Apple is frugal by nature,” according to one Credit Suisse analyst. While it has frozen hiring in some areas and is keeping a lid on spending, its more cautious approach is paying off. Tap the link in bio to see how it stacks up against its competitors.

Google has been the market leader in online search for decades. To ‘Google’ something has even become a commonly accepted term. As our chart shows, when it comes to search engines, the product of parent company #Alphabet is hard to beat, especially in the mobile segment. https://t.co/Bn2MkCbNrH

Cutting calories by 25% can slow the rate of aging in humans, according to a new study out of Columbia University https://t.co/wdBTdKJny3

In a single week last November, Sam Bankman-Fried, who is facing charges including money laundering, watched his $40bn company disintegrate into a pile of financial toxic waste. What follows is the most detailed account yet of FTX’s final days 👇 https://t.co/j1ewUBEDvM

Why a Brics currency is a flawed idea https://t.co/vlQdluVjcd | opinion

Valentine's Day isn't Valentine's Day without chocolate. But if you want to sweep your beloved off their feet, it better be the good stuff. bloombergpursuits enlisted Matthew Ryle, rising star chef behind London's Maison François, to do a blind taste-test of 11 luxury brands (most of which can be found around the world). The winning box will set you back a mere £17 ($20), but it's sure to make your day sweeter. Tap the link in our bio for the list.

Good listeners do not judge or impose solutions. They do ask good questions. https://t.co/nCpcgQmDOe

Indonesia has become the world’s second-largest cobalt producer, bolstering its bid to be a big player in the electric-vehicle supply chain https://t.co/mgowerP7Hh

One of the world’s top traders in the sector says Putin has 'lost the energy war' as Europe learns rapidly to live without Russian gas https://t.co/F5LboUgreE

Create a distraction-free ritual. Lock yourself in a room for 45 minutes with noise-canceling headphones, a coffee, and an intention for what you want to accomplish. https://t.co/01BBWv0Vav

UK economy stagnates but avoids recession https://t.co/8Bq8fjSTv1

The world's largest stock investor — Norway's sovereign wealth fund — has dumped its remaining shares in Adani companies worth $200 million https://t.co/eMSLDntCF5

The World Bank is offering Turkey immediate assistance of $780 million to rebuild basic municipal-level infrastructure. It’s also preparing an extra $1 billion in operations to support people affected https://t.co/IgmRHH1YP5