Business Contents Archive

Despite her brief tenure as Prime Minister, Liz Truss is eligible to claim an annual allowance for the rest of her life. Truss’s tenure — the shortest ever in the nation — qualifies her for the Public Duty Costs Allowance, which is not for private use but rather to help pay for the additional costs faced by ex-premiers from being in “public life,” such as staffing. The £115,000 ($129,306) limit is reviewed by the sitting prime minister at least once a year, but it has been static since 2011. Tap the link in bio to read more.

● Just over a decade ago, the city’s property market collapsed. Now, Dubai — which is part of the United Arab Emirates — is at the heart of one of the world’s biggest luxury housing booms. ● The emirate’s prime real-estate prices surged 70.3% over the 12 months through September, making it the biggest gainer on Knight Frank’s global index, which focuses on a city’s most desirable and expensive homes. ● Among new arrivals into Dubai are Israeli investors, crypto millionaires, and hedge fund executives. There were also bankers fleeing Covid restrictions in Asia and the fallout of Brexit in the City of London. ● Read more through the link in our bio. (📸: Christopher Pike/Bloomberg)

Italy’s new Prime Minister Giorgia Meloni arrives for her first cabinet meeting at Chigi Palace in Rome, Italy, October 23, 2022.  📷 Remo Casilli #rome #italy #meloni #politics #reuters #reutersphotos

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The result was a kind of mania among buyers, who paid tens of thousands over the odds — more than double, on average, what they saved in tax. The frenzy echoed the buildup to the house price crash that started at the end of the 1980s, when a previous government's tax relief efforts led to a surge in demand. The slump that followed was brutal, taking nine years for the market to recover. It’s not just the UK where warning signals are flashing from 30 years ago. The big losers then — which included Australia, Canada and Sweden — all saw home prices reach records in recent years as cheap credit made home ownership possible even as values soared. But now, they’re facing a reckoning. Tap the link in our bio to read in full.

☠️ Everybody has one. After the global upsurge of pandemic alone-time, we’re all out of practice at managing challenging personalities at the office. We asked author Amy Gallo for her strategies to handle four flavors of nightmare co-worker: the pessimist ("your plan will never work"), the tormentor ("I suffered, so you should too"), the passive-aggressive peer complaining behind your back, and the career climber taking credit for your work. Tap the link in our bio for her tips. (via businessweek)

It was a red-carpet moment that revealed to China's 1.4 billion people and the world who will rule the nation for the next half decade. President Xi Jinping led a procession of six Communist Party officials, in order of rank, at the end of its twice-a-decade reshuffle. The lineup of his six closest allies gives Xi unfettered control over the nation, with few voices at the top to question his policies. In another landmark turn, the nation's wider 24-member Politburo will not include women for the first time in 25 years. Tap the link in bio to read more about the seven men who will steer the world's second-largest economy. 📷: Xi Jinping and his six top officials, excluding one off frame. Photographer: Noel Celis/AFP

Tay Za, once dubbed the junta’s “No. 1 crony businessman,” enjoys the good life on Sentosa Island. His family owns houses in a luxury development overlooking the South China Sea. A short drive away is the Marina Bay Sands casino, where he would often show up carrying a duffel bag stuffed with cash. But those days may be coming to an end. Singapore is finding its hands-off stance on Myanmar increasingly difficult to maintain as the US ramps up pressure on the junta and global financial regulators weigh blacklisting the country. Tay Za — who has been accused by the US and others of supplying arms and equipment to the military (an allegation he “1,000%” denies) — is also seeing his empire shrink. Tap the link in bio to read the full story.

These leadership skills are difficult to master — and improving them may require going against your nature. https://t.co/EFo6m0yV2S

MORE: President Xi Jinping stacked China’s most powerful body with his allies, giving him unfettered control over the world’s second-largest economy https://t.co/hd88oH7d6t

‘People will burn anything’: energy poverty and pollution hit eastern Europe https://t.co/lbSt5vWo7w

‘If Socrates returned to earth, I like to think he’d start dialoguing on Twitter, probably in English for global reach’ — @KuperSimon on why Twitter still rules (despite everything) https://t.co/uTDLWb9ghU https://t.co/PGGs0CmNBl

The 7 types of rest that are essential for human flourishing.  @entrylevelrebel https://t.co/X6342rJCAx

Absorbing deep knowledge won’t happen overnight. But frequently asking two powerful questions can put you on the right track: “Why?” and “Can you give me an example?” https://t.co/aCxpoUYIHu

Here is our profile of He Lifeng, who is likely to play a very big role in China’s economic policy over the next five years https://t.co/8vzzweVlKP

Retail investor portfolios down 44% year to date https://t.co/W3yBmKdqPT