LVMH luxury watches at Watch Week in Miami
Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models. Sales…
LVMH shares jump 8% as earnings point to luxury sector resilience
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024.…
Goldman Sachs predicts 100 million Indians will earn $10,000 by 2027
The increase in wealth has been seen from stronger retail participation, larger investments into the Indian stock markets, and gold and property purchases. Sopa Images | Lightrocket | Getty Images…
Mega-rich renew call on global leaders at Davos to ‘tax our extreme wealth’
Austrian Marlene Engelhorn, who inherited from her family who owns the Germany’s chemical giant BASF, poses with a placard reading “Tax the rich!” at the entrance of the Congress center…
India boycott of Maldives may cost country millions in tourism dollars
Social media posts by Maldivian officials may cost the country millions in tourism revenue, as calls by Indian travelers to boycott the island nation intensify. “We are seeing a 40%…
India’s Gautam Adani is once again Asia’s richest person
Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | Afp | Getty Images Gautam Adani…
Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year,…
Cabbing in Italy can be a gnarly affair. Here’s how to navigate it
I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. While negotiating the evening rush hour traffic and…
How much does it cost to Aman’s new brand Janu hotels?
Few names exude “quiet luxury” like the ultra-luxe Aman Resorts. Its hotels bear its moniker: from Amanoi in Vietnam, to Aman Sveti Stefan in Montenegro and the hotel that started…
IRS unveils employee retention credit voluntary disclosure program
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS has unveiled a “voluntary disclosure program” for businesses…