Zeca Pires

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'Rockstar' passenger is the only one on flight, amid massive delays

A common complaint on airplanes is a lack of leg room, but one Chinese woman recently had a whole plane's worth of it while travelling home for …

China

Why Pagani Doesn't Do Hybrids

"I don't like hybrid cars at the moment, the technology is not ready," says founder Horacio Pagani.<p>Hybrid technology dominates our current hypercar sphere. Just look at the hypercar big three: The Ferrari LaFerrari, the McLaren P1, and the Porsche 918 Spyder. But where has Pagani been on this …

Top Gear

We Hear: Pagani Zonda Revolucion Laps ‘Ring in 6:30!

Beats Zonda R record by 18 seconds.<p>The Pagani Zonda Revolucion has set a Nürburgring lap record of 6 minutes and 30 seconds, according to multiple internet sources. If true, the new time breaks the Pagani Zonda R’s previous (unofficial) record of 6:47.50 set by racing driver Marc Basseng in …

Supercars

2016 Ferrari F12tdf

Ferrari's virtual short wheelbase creates a kick-ass car in the real world.<p>To build its latest red-blooded creation, Ferrari first ruined a perfectly good car. In transforming the sure-footed F12berlinetta grand tourer into the fast-and-loose, apex-hounding F12tdf, Ferrari engineers deconstructed …

China home price gains quicken in October

BEIJING (Reuters) - Growth in Chinese new home prices quickened in October from a year ago, two private surveys showed, adding to signs of stabilization in the housing market after a raft of government support measures.<p>Residential buildings and construction sites are seen in Tianjin, China, October …

Real Estate

High-profile Chinese investor Xu Xiang detained

BEIJING (AP) — High-profile Chinese investor Xu Xiang has been detained on suspicion of insider trading, the Public Security Ministry reported.<p>A …

Chinese Oil Demand To Moderate, At Best

After a bullish 8 months, Chinese oil traders are stepping on the breaks. And demand, from hereon in, is not expected to surpass 2% growth rates on an annual basis, Barclays Capital analysts say.<p>China’s oil demand growth weakened to 2.1% yearly in September, according to government figures released …

Oil

Chinese luxury shopping undeterred by economic jitters

MILAN (AP) — Wealthy Chinese remain the No. 1 buyers of luxury products worldwide, appearing inured to economic turmoil at home as they zigzag the …

Angry China says shadowed U.S. warship near man-made islands in disputed sea

BEIJING/WASHINGTON (Reuters) - A U.S. guided-missile destroyer sailed close to one of China’s man-made islands in the South China Sea on Tuesday, drawing an angry rebuke from Beijing, which said it had tracked and warned the ship and called in the U.S. ambassador to protest.<p>The USS Lassen’s patrol …

China

'It's good to have money,' says China's newly-crowned richest man

Wang Jianlin named China's richest person after wealth more than doubles in a year<p>China's richest man saw his fortune balloon by nearly $17bn - a sum larger than the GDP of Iceland - in the past year.<p>Wang Jianlin, founder of real estate and entertainment conglomerate Wanda Group, saw his wealth …

China's Hunger for World's Food Grows, and U.S. Farmers Are Glad

China's recent slowdown has raised widespread concerns that any weakening demand there for goods and raw materials from the rest of the world could weigh on the entire global economy.<p>But, so far, the slowdown doesn't seem to have dampened China's appetite for imported food.<p>Though its economy has …

Americans are planning to spend more on Christmas presents than in any year since the Great Recession

During October, Gallup runs a survey asking Americans about their Christmas spending plans. After hitting a peak of just over $900 in 2006 and 2007, average spending intentions plummeted after the financial crisis of 2008 and the Great Recession, bottoming out at just above $700 in 2010 and …

The incredible rags-to-riches story of Starbucks billionaire Howard Schultz

He's now responsible for Starbucks, one of the world's most beloved brands, and worth at least $3 billion as chairman and CEO of the Fortune 500 company. But it wasn't an easy path to the top.<p>How did Schultz, who came from a "working poor" family in the Brooklyn projects, overcome adversity and …

Mark Zuckerberg gives 20-minute speech in Chinese

Mark Zuckerberg just revealed the mission behind Facebook -- in Chinese.<p>The Facebook CEO shared his thoughts about the company's purpose in a 20-minute speech in Chinese that he gave while visiting Tsingua University in Beijing on Saturday.<p>In true Zuckerberg form, the milestone was accompanied by a …

Mark Zuckerberg

Chinese Official Economists: China Should Grow At 6-7% For Some Years

Given that this is the official stance of China’s Communist Party, that the Chinese economy can and will grow at 6-7% in the coming years, it’s not all that much of a surprise to hear official economists stating that China’s economy can and will grow at 6-7% for several years. But, however cynical …

Economics

The Best Cities in the World

Condé Nast Traveler readers cast hundreds of thousands of votes for their favorite cities around the world in the 2017 Readers' Choice Awards survey—in fact, we got so much feedback, we had to divide our list in two. This roundup begins with your favorite Top 20 Large Cities, followed by Top 20 …

The Best Airlines in the World

In this year's Readers' Choice Awards survey, you voted on the world's best airlines (outside the U.S.), with several Middle Eastern and Asian carriers getting top marks for those long-haul flights around the globe. The number one airline, though, is a refreshing surprise for 2017. Want to change …

The Best Islands in the World

Condé Nast Traveler readers ranked the 30 best islands in the world outside the U.S. in the 2017 Readers' Choice Awards survey, from far-flung gems in Southeast Asia to volcanic outcrops in the Mediterranean.<p>1<p>Boracay, Philippines<p>2<p>Cebu and Visayan Islands, Philippines<p>3<p>Palawan, Philippines<p>4<p>Mallorca, …

Five Great VW Ads From the Golden Age of the Beetle

Long before the diesel scandal, Volkswagen was a quirky company selling a wildly unconventional car to American drivers. These are some of the best ads from the Beetle's heyday.<p>Imagine what the original VW Beetle must have looked like to the average post-war American car buyer. In a market …

Volkswagen

Australian mining giant Rio Tinto is using these huge self-driving trucks to transport iron ore

Australian mining giant Rio Tinto just completed its rollout of huge driverless trucks to transport iron ore and other material around its Pilbara sites. They can run 24 hours a day, 365 days a year.<p>The seven metre high trucks are Rio's way of increasing onsite efficiency, cutting costs, and …

The one thing holding back China’s yuan

Earlier this fall, the IMF postponed a scheduled update of the designated basket of reserve currencies, a basket that is used by member countries for …

Costa boosts Whitbread's profits

<b>Costa coffee sales and the hotel chain Premier Inn have boosted Whitbread's half-year pre-tax profits to £254.9m, up 5.4% on the same period last year.</b><p>Total sales rose 11% to £1.44bn, with the Costa coffee sales making an underlying operating profit of £67m.<p>Sales at Premier Inn rose by 12.6% and …

China now has more billionaires than the United States

For the first time, there are now more billionaires in China than in the United States.<p>The country boasts 596 billionaires, up 242 from last year, …

Here's Another Spy Video of the Rumored Ferrari F12 GTO

A camouflaged Ferrari F12 is spotted in Maranello. What could it be?<p>Another spy video emerged today of a camouflaged Ferrari F12berlinetta—perhaps it's the yet-unnamed lightweight, faster F12. Unconfirmed, uncamouflaged possibilities have been spotted before, so this video seems to confirm our …

Ferrari

Mercedes Considering Bentayga-Fighting Maybach SUV

With Bentley's Bentayga officially available and Rolls-Royce and Lamborghini working on SUVs of their own, Mercedes toys with the idea of an ultra-luxury SUV.<p>The profits inherent to SUVs have finally broken the resolve of the world's most premium carmakers. Bentley has debuted its Bentayga, …

Maybach

Starbucks brews up new latte

Starbucks' Pumpkin Spice Latte has some competition this fall: the Toasted Graham Latte<p>The drink has espresso, steamed milk, flavors of graham and sweet cream. It's topped with cinnamon graham crumbles. Customers can start ordering the drink in the U.S. and Canada starting Wednesday.<p>The company …

Report: China inks deal to buy 300 Boeing jets

HONG KONG (AP) — Chinese companies have agreed with Boeing to buy 300 jets and build an aircraft assembly plant in China in deals signed during President Xi Jinping's visit to the United States, the official Xinhua news agency said Wednesday.<p>China Aviation Supplies Holding, ICBC Financial Leasing …