Saudi Arabia expects a fresh injection of private capital into its local football clubs as it works to open up to investors. “We expect to have another wave of privatization coming up soon,” Vice Minister of Sport Bader Alkadi said at Bloomberg Power Players Jeddah, powered by Asharq. “That gives us opportunity to make the … Read more
If you’re looking for the best deal on airfare, don’t wait until Tuesday. The idea that cheaper seats can be booked when the clock strikes midnight Monday night is just a myth, according to travel app Hopper. That advice is a relic of a former time, says Hayley Berg, Hopper’s lead economist. Back before airlines … Read more
Hello Pursuits readers, it’s Jim Gaddy. By this time next week, I’ll have been inside an actual movie theater for the first time since April 2022, when I laughed-cried-laughed through a screening of Everything Everywhere All at Once. For practically my whole life, “going to the movies” was an event ripe with anticipation. But at … Read more
A chunk of the Golden State Warriors, the National Basketball Association’s most successful team over the past decade, is up for sale, according to people familiar with the matter. A group of minority investors accounting for just over 10% are looking to offload their stake, said the people, who asked not to be identified discussing … Read more
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
Three high-profile endorsers of the failed FTX cryptocurrency exchange – including NFL quarterback Trevor Lawrence – agreed to settle claims they helped dupe investors who lost billions in the meltdown of Sam Bankman-Fried’s digital-asset empire. The proposed agreements with Lawrence, a star for the Jacksonville Jaguars, and YouTube influencers Kevin Paffrath and Tom Nash were … Read more
A luxury cruise ship carrying 206 passengers — primarily Australians — has run aground in remote northeastern Greenland, with the closest vessel available to help with rescue efforts only expected to reach the scene on Friday. The Ocean Explorer became stuck at about noon on Monday in the Alpefjord, roughly 870 miles (1,400 kilometers) northeast … 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
With global temperatures reaching new records month after month this summer—and unprecedented wildfires destroying parts of Greece, Canada, and Italy—heat is becoming an increasing consideration in the way people travel. Shifting destinations is one strategy; buying travel insurance is another. Neither is black and white. Weather is unpredictable everywhere, and travel insurance policies can vary … Read more
At Bloomberg Pursuits, we love to travel. And we always want to make sure we’re doing it right. So we’re talking to road warriors to learn about their high-end hacks, tips and off-the-wall experiences. These are the Distinguished Travel Hackers . Ori Kafri is the co-founder of J.K. Place, a collection of small, stylish luxury … Read more