The founders of the World’s 50 Best Restaurants and Bars lists have crowned the world’s best hotel for the first time—and it’s Lake Como’s Passalacqua. The tiny, 24-room hotel only just opened in June 2022 after a years-long restoration to its 18th century building—which has played host to guests as illustrious as Napoleon Bonaparte, Winston … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, White House reporter Jordan Fabian looks at the pushback to President Biden’s border policies from Democratic strongholds like New York, and what that means for 2024. Sign up here and follow us at @bpolitics. Email our editors here. Republicans … Read more
Idea Generation: Mike Amiri Mike Amiri was raised in Los Angeles’s most famous neighborhood, Hollywood, during the excess of the ’80s hair metal scene. The son of Iranian immigrants, he was transfixed by the music, culture and fashion coming out of clubs like the Roxy. So when he launched his eponymous luxury brand in 2013–with … Read more
Hong Kong is making preparations for a possible direct hit by Super Typhoon Saola, which is shaping up to be the strongest storm to affect the city in at least five years. The government said it will hold a press conference at 4:30 p.m. local time to brief the public on plans for coping with … Read more
Welcome to my weekly newsletter on the cannabis and psychedelics industries. Analysts and investors are always looking for “catalysts” that can boost stocks. And in the psychedelics space, with biotech-style companies researching pharmaceutical drug candidates, such events can be massive gamechangers. Recent funding rounds for companies in the psychedelics space are renewing interest in their … Read more
There are only a handful of cities in India that have pleasant weather all year round. These destinations have mild temperatures and are ideal for vacations or living full-time. Here’s a round-up of the nine top cities with the perfect climate to live in. People in these places can enjoy outdoor activities throughout the year … Read more
Country Garden Holdings Co., once China’s biggest real estate developer, is edging toward a default. The distressed builder suspended trading in nearly a dozen onshore bonds Monday, paving the way for debt negotiations and a possible restructuring. Investment bank CICC International Capital Corp. has been engaged to explore optionsBloomberg Terminal for the company, including extending … Read more
What’s the true value of an apartment or office space in Hong Kong? No one really knows. Property sales, especially in the pre-owned segment, have slowed to a trickle. Li Ka-shing, nicknamed “Superman” for his rags-to-riches story, is the last one who has to worry about a possible property crash among the city’s tycoons. The … Read more
Default is a taboo most companies are keen to avoid. But sometimes, business operations demand it. Even the bond investors don’t mind. Country Garden Holdings Co., once China’s biggest real-estate developer by sales, is walking a tightrope. A scrapped share placement last week fueled concerns whether the company has enough money to repay its dollar … Read more
Hello! I’m Xinyi Luo, a Bloomberg News rotator on the Pursuits team. Living the high life the past three months, I’ve taken a private tour of Delta’s new SkyClub at John F. Kennedy airport, experienced the first padel club in Manhattan, explained the latest Aspen mansion market, and analyzed watches worth millions of dollars on … Read more