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For asset managers, the Middle East is the place to be.Funds seeking capital can pitch their strategies to some of the world’s largest sovereign wealth funds and family offices, which collectively run trillions in assets. Managers searching for a geography with growth potential and limited competition are increasingly spending time in countries such as the United Arab Emirates.But operating in the Gulf is not the same as working in New York or London, warns Viraj Sawhney, head of Middle East private equity for Warburg Pincus. The region “feels more like the East than the West,” said Sawhney, who lived in…

This as-told-to essay is based on a conversation with Travis Carrasquillo, 37, a content creator living in Da Nang, Vietnam. It has been edited for length and clarity.I’ve been living in Vietnam for six years now.Before moving here, I was based in Hawaii, working as a behavior analyst supporting children from military families with autism. It was an incredibly stressful job, and I knew I’d have to find a different path eventually because I couldn’t keep that up forever.I’d always loved traveling, and after visiting the Philippines, Thailand, and Vietnam over three consecutive years, I absolutely loved Asia. He was…

A group of Democratic lawmakers wants to test a new kind of social safety net: a monthly paycheck provided by the federal government to spend however you want.New Jersey Rep. Bonnie Watson Coleman said she is reintroducing a bill to establish a three-year guaranteed basic income pilot program that would offer a cohort of Americans across the country a no-strings-attached monthly payment — enough to cover rent for a two-bedroom home.”Events like the Coronavirus Pandemic, economic fluctuations, and increasing automation and job losses threaten to wipe out what little savings they have, to finally push them to homelessness, to reinforce…

President Donald Trump is expected to make headway on two pressing issues this week while meeting with Chinese leader Xi Jinping in South Korea: tariffs and TikTok.During a Sunday interview on CBS News’ “Face the Nation,” Treasury Secretary Scott Bessent said trade talks between the US and China were progressing. He said the additional 100% tariff on China that President Donald Trump threatened earlier this month, and which was supposed to take effect on November 1, is now “effectively off the table.”Bessent is traveling with Trump during a nearly weeklong tour in Asia, which also includes stops in Malaysia and…

Have you heard of Reg A? Neither had Austin Allison — until he used it to fund Pacaso, a real estate startup for luxury vacation homes.Allison, Pacaso’s cofounder and CEO, started the company with Spencer Rascoff. They were both veterans of the real estate and consumer technology industries when they launched Pacaso in 2020.Pacaso is a platform for fractional ownership of luxury vacation homes. The company facilitates the sale of properties in vacation destinations like Jackson Hole, Tuscany, and Napa, which are acquired through property-specific LLCs. Unlike timeshares, which allow multiple users the right to use a property for a…

The Metro North train to New York City got stuck due to torrential rains, which meant that I missed one of the few “Ladies Night” open mics of the week. I usually travel three hours round-trip, then pay $5 to get five minutes of stage time. That night, I had traveled five hours to miss five minutes on stage. I got a delicious cup of coffee at Grand Central Terminal for those five bucks, though.At 68, I am launching a career as a comedian. I’ve spent the last 42 years working in Information Technology; no one outside my industry knows…

2025-10-26T12:48:02Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Kanye West sold his Wyoming ranch back to its original owners for $16.995 million. West bought the 6,713-acre Bighorn Mountain Ranch in 2019 for $14.495 million. West seems to be done with Wyoming, but he still has another property on the market. After years of sitting vacant, rapper Kanye…

An American Airlines Airbus A321 taxis at San Diego International Airport as a United Airlines airplane departs on August 24, 2024 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesFORT WORTH, Texas — American Airlines started pouring customers Champagne Bollinger in its top-tier lounges and cabins this fall. But at headquarters, it’s not time to celebrate — yet.American has fallen behind large rivals Delta Air Lines and United Airlines in the post-Covid luxury travel boom that has taken Seoul spa vacations and 40th birthday bashes abroad out of the chat and armed millions of consumers with high-end…

As AI reshapes white-collar work and graduate schemes shrink, one City veteran says the safest hedge may be to stop waiting for callbacks — and start building something.Quentin Nason, a 35-year finance veteran who spent two decades in investment banking and 15 years in asset management, has watched both his children and countless students hit a wall trying to break into finance.Through City Pay It Forward, his independent, self-funded charity that teaches financial literacy in UK and US schools, the former Deutsche Bank managing director and now vice chair of the London Foundation for Banking and Finance, said he sees…

If you’re looking for art advice, consider asking your bank.Rebekah Bowling, an art advisor at Citi, helps ultra-high-net-worth clients in Citi Wealth manage and build their art collections and knows how hard it can be to make sense of the market. Bank of America, Morgan Stanley, and UBS are among the other banks offering art advice to wealthy clients.Bowling spent a decade at the global auction house Phillips, where she ran the midseason and day sales, before moving to LA and focusing in part on client development. She joined Citi in July.Her day-to-day can include keeping clients in the know…