Business Contents Archive

From the look of the cars for sale at the annual auctions August 18-20 in Monterey, California, you’d never guess the world is in turmoil. A 1955 Ferrari 410 is expected to sell for as much as $30 million; a 1973 Porsche Carrera RS is valued at up to $2.25 million. Pre-war hulks the sizes of current-day luxury SUVs are listed at seven- and eight-figure pricing estimates. They represent a fraction of the blue-chip vehicles primed to potentially inject the collecting market with enough cash to hit superlative highs. Tap the link in bio for a peek at the most exciting vintage autos that will go on sale in Monterey later this month. (via bloombergpursuits)

As the world searches for a way to avoid climate catastrophe, dozens of fusion startups are putting billions of dollars into the risky quest for unlimited clean power. Watch in full, for free, at the link in our bio. (via quicktake)

New York is getting yet another private club, this time in the form of a co-working space for the super rich. Developed by Edmond Safra, a member of the billionaire Safra family, and restaurateur Juan Santa Cruz, the club is set to occupy the entire 37th floor of New York’s GM building, which overlooks Central Park and the Plaza Hotel. The club, which is named Colette, is aimed at the itinerant, global rich who have second homes in New York, or perhaps even live in the city, but don’t need a full-time office. Tap the link in bio for the full story. (via bloombergpursuits)

A child swims in the flood water caused by heavy rains as a passenger bus passes by in Manila, Philippines, August 6, 2022.  📷 Lisa Marie David #weather #floods #philippines #reuters #reutersphotos

India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall which has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters. The 1.2 million square feet "Ambience Mall" in the posh southern district of India's capital has been put up for auction as its current owner, the Ambience Group, has not paid debt of $149 million to Indiabulls Housing Finance and other creditors, according to a previously unreported public auction notice. #DLF #delhimall #DLFmall #realestate

DANGEROUS DAIRY: Infection from the pathogen is especially dangerous to children, pregnant women and the elderly. Link in bio.

On Amazon, the Spangler Candy Company sells 400-packs of its own Dum Dums lollipops for $26 a pop. So when other sellers started undercutting them, e-commerce boss Mitchell Owens took notice. Owens had stumbled on a drop-shipping scheme, a twist on a long-standing version of retail arbitrage. The hustle works something like this: Sellers scour the internet for products listed at lower prices than on Amazon. They then post the items on Amazon themselves. When an order is placed, they buy the product from another retailer, have it shipped directly to the customer, and pocket the difference — all without ever touching the merchandise. Spangler says its been left millions of dollars out of pocket in lost business and legal fees. But while schemes like these violate Amazon policy, perpetrators are betting they won't be spotted in the clutter of its vast online store. Tap the link in our bio to read in full.

The re-alignment in the global supply chain and reduced dependence on China imply a huge opportunity for India as companies and countries will look for alternative supply sources, Anand G Mahindra, chairman of the Mahindra Group, said on Friday while addressing shareholders at the 76th Annual General Meeting of the company. #mahindra #supplychain #mahindragroup

NO BUZZ: 'Lightyear' won't stream on Disney+ Middle East as the streaming service reportedly won't release LGBTQ content on its platform. Link in bio.

For wealthy Chinese looking to flee pandemic lockdowns and political tensions, Portugal has a lot to offer: Mild weather, a laid-back and affordable lifestyle, and — for as little as 350,000 euros — investor visas that allow access to the whole European Union. It’s a pitch that’s lured thousands of Chinese over the past decade, helping to reshape Portugal’s urban landscape amid a tide of new money. But eight years on, that wave is drying up. It’s not for lack of demand. In fact, more wealthy Chinese are trying to leave as Covid Zero dents economic growth. But governments on both sides have become more hostile to golden visas, endangering similar programs continent-wide. Read in full at the link in our bio.

'THREATENING AMERICA'S ENERGY INDEPENDENCE': GOP lawmaker aims to force Dem states to allow fracking. Link in bio.

Explained: Why Taiwan is so important for the world? Head to our YouTube channel for full video. #taiwan #china

BOWING TO BEIJING: The American company isn’t the first to go out of its way to placate the CCP. Link in bio.

'JUST GETTING STARTED': CEO Peter Murray tells Fox Business the organization is 'very, very focused to really become a co-leader' in the industry. Link in bio.

Build a small, highly curated group of people you can develop deep relationships with and who have the capacity to grow alongside you throughout your career journey. https://t.co/ymBl5AKvBX