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The Wild International Battle Over Seized Russian Superyachts!

In 2022, the world witnessed the drama surrounding Russian-owned superyachts in the wake of the Ukraine invasion, with many attempting to evade authorities. Alfa Nero, renowned as one of the world’s grandest superyachts, is believed to belong to Russian oligarch Andrey Guryev, who faced U.S. sanctions. Its fate is now caught in a tripartite dispute involving Guryev’s daughter, the Antigua and Barbuda administration, and ex-Google CEO Eric Schmidt.

Built in 2007 by Oceanco for Greek magnate Theodore Angelopolous, the 269-foot superyacht features luxurious amenities, including multiple cabins, a gym, office, pools, and even a helipad. It was allegedly bought by Guryev for $120 million in 2014. However, Guryev, ranked as Russia’s 25th wealthiest individual, has consistently denied ownership. In April, the $120-million vessel war seized and harbored in Falmouth Harbour, Antigua. It costs the local authorities a staggering $30,000 weekly.

The former Google CEO, Eric Schmidt, bought the Oceanco-built superyacht for $67.6 million at an auction on 16 June 2023. However, the luxury vessel, nearly two months ago, the Alfa Nero, hasn’t moved an inch from Falmouth Harbour, Antigua. Cautious lawyers advised the billionaire philanthropist to wait before transferring any money until the court controversy was ironed out.

The risk is real, considering that Yulia Guryeva-Motlokhov, the daughter of a sanctioned oligarch, Andrew Guryev, and the superyacht’s original owner on paper, fought hard to get it back and is still not giving up. She asserted her ownership, stating she is the sole beneficiary of the trust owning the Alfa Nero.

If Schmidt withdraws his bid, the next highest bidder might secure Alfa Nero. Financially, the gap between the two bids is negligible. Regardless, the yacht, valued at $115 million, is set to be sold at a significant discount. The agreed minimum sale price stands at a mere $60 million. Schmidt’s initial offer was $67.6 million, but the superyacht might now go for $66 million. The situation could deteriorate further, with the third-highest bid being a paltry $25 million, well below the minimum. If the second bidder also retracts, the Alfa Nero could be ensnared in perpetual legal entanglements.

Market For Luxury Watches Continues To Correct Despite Gen Z Demand!

Luxury watch prices on the secondhand market have hit a near two-year low, undoing the surge that saw brands like Rolex, Patek Philippe, and Audemars Piguet achieve record prices during the pandemic. Data from WatchCharts reveals a 34% drop in the average resale price since March 2022. At its height, the average resale price reached $47,715 and collapsed to $31,507 in early September 2023.

Paul Altieri, CEO of Bob’s Watches, attributed the spike to the unique circumstances of the pandemic and the rise of cryptocurrencies. He described the current market adjustment as a “healthy correction.” The pandemic saw many, with extra stimulus cash, splurge on luxury items. The scarcity of certain watch models in retail stores led enthusiasts to the resale market.

WatchChart shows collapsing market for luxury watches
WatchChard Index

Tim Stracke, CEO of Chrono24, noted that the price surge was primarily among Rolex, Patek Philippe, and Audemars Piguet. However, the influx of these watches into the market has now led to a price decline, especially for iconic models. Stracke explained, “When prices soared, it drew in more sellers, tripling the supply of top pieces from these three brands in just a few months.

There have been concerns about a potential luxury watch bubble, mirroring trends in cryptocurrencies and other pandemic-driven booms. WatchCharts data shows significant price drops for major brands over the past year. However, resale prices remain significantly higher than three years ago.

Pierre Dupreelle of Boston Consulting Group believes that while there have been price adjustments in 2023, they haven’t plummeted to pre-pandemic levels. He anticipates potential price stabilization or even an increase as the economy recovers. The current price dip might attract younger buyers. A BCG survey published in March 2023 found that over half of Gen Z and millennial respondents increased their luxury watch spending in recent years.

Intermittent Fasting: The Key To Longevity And Mental Health For The Cyber Generation?

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The generation of cyber citizens (Millennials or Generation Z and following) have realized that nutrition and metabolism are the keys to longevity and mental fitness. For several years now, the topic of Intermittent Fasting (IF) has been a hotly debated concept for achieving maximum physical and mental health through metabolism. TikTok has made it super-popular and more and more people from the cyber generation swear by it. Below is a brief overview of this highly topical subject.

1. The Intermitting Fasting Concept

Intermittent fasting (IF) is a dietary approach that alternates between periods of eating and fasting rather than focusing on the types of foods consumed. It encompasses various methods, such as the 16/8 method, where one fasts for 16 hours and eats during an 8-hour window, or the 5:2 method, where one consumes a very reduced calorie intake for two non-consecutive days a week while eating normally on the other five days. The primary goal of IF is to allow the body to switch from using glucose as its primary energy source to using stored fat, leading to potential benefits such as weight loss, improved metabolic health, and enhanced brain function.

2. Physical Health Benefits

  • Weight Loss and Fat Reduction One of the most well-known benefits of intermittent fasting is its potential to aid in weight loss. By reducing the eating window, individuals often consume fewer calories, leading to a caloric deficit and subsequent weight loss.
  • Improved Metabolic Health Intermittent fasting can lead to improved insulin sensitivity and reductions in insulin levels, which can be beneficial for those at risk of type 2 diabetes.
  • Heart Health Studies have shown that IF can lead to reductions in risk factors for cardiovascular diseases, including reduced inflammation, lower blood pressure, and improved cholesterol levels.
  • Cellular Health and Longevity IF can promote autophagy, a process where cells remove damaged components, potentially leading to increased longevity and better cellular function.

3. Mental Health Benefits

  • Enhanced Brain Health Intermittent fasting can increase the production of brain-derived neurotrophic factor (BDNF), a protein that supports brain function and reduces the risk of neurodegenerative diseases.
  • Improved Mood and Mental Clarity Many individuals report enhanced mental clarity and mood during their fasting periods, which could be attributed to stable blood sugar levels and increased ketone production.
  • Potential Reduction in Depression and Anxiety Preliminary studies suggest that intermittent fasting might have antidepressant effects, potentially due to its impact on neurotransmitter regulation.

4. Latest Research Results

Recent studies have delved deeper into the mechanisms behind the benefits of intermittent fasting. For instance, research from PubMed emphasized the potential of IF in reducing the risk of chronic diseases beyond just heart health and diabetes. Other studies explored the potential neuroprotective benefits of IF, suggesting its role in reducing the risk of diseases like Alzheimer’s and Parkinson’s.

Read more on the potential health benefits of intermittent fasting here:

5. Conclusion

Intermittent fasting, when done correctly and under proper guidance, offers a plethora of benefits for both the body and the mind. As with any dietary strategy, it’s essential to consult with a healthcare professional before starting to ensure it’s a good fit for individual health needs.

Debunking the Myth: Understanding BlackRock’s Influence and Ownership Landscape!

In the realm of global finance, few names resonate as powerfully as BlackRock. However, the notion that “BlackRock runs the world” oversimplifies the intricate dynamics of the global economy. While BlackRock is undeniably one of the world’s largest asset management firms, its influence is part of a broader web of interconnected players and factors that shape economic affairs. In this article, we’ll delve into the reality behind this claim and explore the concentration of ownership among major institutional investors.

BlackRock’s prominence in the financial sector is undeniable. With vast assets under management and a significant role in shaping investment strategies, the company has earned its reputation as a major player. But it’s important to clarify that influence doesn’t equate to control over every facet of global economics.

Dispelling the Myth
Saying “BlackRock runs the world” is an exaggeration that disregards the multifaceted nature of economic systems. The global economy is an intricate ecosystem where various governments, institutions, corporations, and individuals interact. While BlackRock’s decisions have far-reaching implications, they don’t single-handedly dictate the course of global affairs.

Ownership Landscape
The assertion that 88% of public companies have their largest shareholder as one of three entities is a statement that requires scrutiny. While institutional investors, including BlackRock, do hold significant stakes in numerous companies, the specifics can vary widely across sectors and regions. Concentrated ownership patterns often emerge due to diversification strategies and investment goals.

Nuanced Perspective

Understanding BlackRock’s influence necessitates a nuanced perspective. The company’s decisions can impact markets and industries, but they’re part of a larger network of forces. Global economic systems are influenced by geopolitical events, technological advancements, consumer behavior, and a multitude of other factors.

Diverse Players in the Global Economy

The global financial landscape is composed of governments, central banks, regulatory bodies, corporations, investors, and individuals. Each entity contributes to the intricate tapestry that shapes economies. Relying solely on a single entity to run the world disregards the collaborative efforts and interactions that define economic dynamics.

In the grand scheme of things, the assertion that “BlackRock runs the world” oversimplifies the complexities of global economics. While BlackRock undoubtedly wields significant influence, it is one piece of a multifaceted puzzle. Acknowledging the role of numerous players and factors in shaping economic outcomes is crucial for a more accurate understanding of the global financial landscape. As we navigate the intricacies of our interconnected world, recognizing the collaborative nature of economic systems is essential.

BRICS Alliance Explores Potential for Gold-Backed Trade Currency!

Reports are circulating that the BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, is contemplating the creation of a new global trade currency, possibly backed by gold. As members of BRICS, China, Russia, and India have been significantly accumulating gold reserves, raising speculation about the alliance’s intention to establish a currency supported by the precious metal.

While the exact details remain uncertain, experts suggest that a new currency, whether gold-backed or not, could be on the horizon.

Gold Accumulation by BRICS Members

In recent fiscal years, BRICS members, particularly China, Russia, and India, have been acquiring substantial amounts of gold. For instance, China added 21 tonnes of gold to its reserves in June 2023, indicating a concerted effort to bolster its holdings. This trend is not limited to China, as the central banks of BRICS countries collectively stand out as top buyers of gold in the current year. This has led to speculation that gold could potentially serve as the foundation for a new trade currency within the alliance.

Expert Opinion and Possibilities

Andy Schectman, President of Miles Franklin, has suggested that the BRICS alliance may be considering the introduction of a new currency, potentially backed by gold. While the exact nature of the currency remains uncertain, Schectman emphasizes the likelihood of a common settlement currency emerging from BRICS. He anticipates that this move could be executed within a few months or years, representing a step toward reducing reliance on the U.S. dollar.

BRICS Ambassador’s Perspective

BRICS Ambassador Anil Sooklal from South Africa has clarified that discussions regarding the formation of a new currency are not on the alliance’s agenda. Instead, the alliance is focused on strengthening the use of local currencies for trading and settlement. Sooklal underscores that the primary goal is to deepen the utilization of local currencies in transactions among BRICS members.

BRICS Summit and Future Prospects

The upcoming BRICS summit, scheduled for August 22 to 24 in Johannesburg, is expected to address the alliance’s efforts to enhance the use of local currencies in trade. While the immediate focus may not be on introducing a new currency, the ongoing gold accumulation and discussions around trade settlement suggest that the alliance is exploring various avenues to strengthen its economic cooperation and reduce reliance on traditional global currencies.

The possibility of a new gold-backed currency for global trade within the BRICS alliance has garnered attention and speculation. While a concrete plan is yet to emerge, the accumulation of gold reserves and discussions around trade settlement highlight the alliance’s commitment to exploring innovative approaches to enhance economic cooperation among its member countries. The outcome of these discussions will likely shape the future landscape of international trade and finance.

Devastating Wildfires Claim Lives in Hawaii, Prompting Emergency Response!

Tragedy has struck the picturesque paradise of Hawaii as raging bush and forest fires have led to a harrowing loss of life. With a death toll of at least six confirmed by Richard Bissen, the mayor of Maui County, the US state of Hawaii finds itself grappling with a catastrophic event.

The devastating wildfires have left a trail of destruction across the islands, prompting emergency responses and a call for aid from various quarters. In this article, we delve into the details of the wildfires, their impact, and the efforts being made to address this crisis.

The Unfolding Disaster

Hawaii’s Governor, Josh Green, has described the situation as a “terrible catastrophe,” echoing the sentiments of many who have witnessed the destruction firsthand. The fires have raged across the islands of Maui and Hawaii, the largest island in the state, leaving a wake of devastation in their path. As rescue operations continue, authorities have emphasized the heroic efforts of first responders, which have prevented further losses but sadly could not prevent loss of life.Maui County Mayor Richard Bissen emphasized that the rescue efforts were ongoing, but some loss of life was expected. The historic town of Lahaina on Maui has borne the brunt of the destruction, with reports of extensive damage and heartbreaking scenes of people jumping into the sea to escape the rapidly spreading flames.

The US Coast Guard later reported that more than a dozen individuals were rescued from the waters. CNN reports that over 271 buildings have been engulfed by the flames, leading to the displacement of hundreds of families.

The Toll and Response

Amid the chaos, reports indicate that at least six people have tragically lost their lives, with over 20 individuals suffering burns. However, authorities warn that the number of casualties could rise as the full extent of the damage becomes clear. The gravity of the situation led to a state of emergency being declared in the Maui and Hawaii districts.

This declaration mobilized the Hawaii National Guard to aid emergency responders in the affected communities.Hurricane Dora, passing south of the islands, is believed to have contributed to the rapid spread of the fires. This unusual combination of wildfires indirectly linked to a hurricane has taken both residents and authorities by surprise. Sylvia Luke, Deputy Governor of Maui, expressed astonishment at the unprecedented nature of this disaster. With the situation deemed unsafe, Maui County issued an urgent plea to travelers to leave the island as quickly as possible.

Assistance and Support

In response to the crisis, US President Joe Biden has assured the authorities of Hawaii that assistance is on the way to combat the wildfires. The National Guard and the Navy are standing by to support the emergency teams. The Department of Transportation is also coordinating efforts to evacuate tourists from Maui to the nearby island of Oahu, where a convention center is being converted into an emergency shelter.Conclusion:The devastating wildfires in Hawaii have left a trail of destruction and loss of life, sending shockwaves through the picturesque state. As authorities and rescue teams work tirelessly to contain the fires and support affected communities, the tragedy serves as a poignant reminder of the unpredictable and fierce forces of nature. The outpouring of support from both local and national entities underscores the resilience of communities and the determination to overcome adversity in the face of this unprecedented disaster.

The Impact of Quitting Smoking on Your Body: Short-Term and Long-Term Effects!

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Smoking is a detrimental habit that can lead to a variety of health issues. Choosing to quit smoking can bring about numerous positive changes in your body, with effects ranging from just minutes after your last cigarette to several years down the line. In this article, we will explore the transformative effects of quitting smoking on your overall well-being.

Immediate Effects of Quitting Smoking

The decision to quit smoking yields remarkable benefits that can manifest both in the short term and over the years. Within about 20 minutes of your last cigarette, your blood pressure and pulse begin to drop, leading to an almost immediate improvement in cardiovascular health. These initial positive changes set the stage for more substantial transformations, particularly for your lungs and heart.

Positive Changes Within the First Weeks

After approximately two smoke-free days, nerve endings start to regenerate, enhancing your senses of taste and smell. Just a day later, your bronchial tubes begin to function more efficiently, allowing for better airflow. Around two to three weeks after quitting, your circulation experiences a noticeable improvement, contributing to an enhanced sense of well-being, increased energy, and vitality. Lung function also sees substantial progress during this period.

As you approach the two-week mark, your lung’s ability to cleanse itself is reinvigorated. Tiny hair-like structures called cilia in your airways begin to effectively remove toxins and mucus, leading to a strengthened immune system and better defense against pathogens. Respiratory ailments and breathing difficulties may begin to diminish as a result.

Long-Term Benefits of Quitting Smoking

The advantages of quitting smoking extend far beyond the initial weeks, accumulating in significant changes that become more pronounced over time:Reduced Cardiovascular Strain: Smoking is a key risk factor for heart diseases and strokes. Upon quitting, your body initiates the process of normalizing blood pressure and pulse, thus alleviating strain on the heart. The risk of heart-related illnesses diminishes gradually, and after six to twelve weeks, the likelihood of a heart attack or stroke decreases.

Over the span of 15 years, the risk reaches levels comparable to those of non-smokers.Diminished Cancer Risk: Smoking is closely linked to various types of cancer, including lung, oral, esophageal, and pancreatic cancer. While complete elimination of cancer risk is not guaranteed, every smoke-free year significantly reduces the likelihood of developing these cancers.Improved Lung Function: Unless severe lung damage has occurred, the respiratory system can rejuvenate within one to two years after quitting smoking.

Skin and Hair Health

Smoking accelerates skin aging and contributes to wrinkles and pigmentation issues. After several months of not smoking, your skin receives improved oxygen and nutrient supply, resulting in a fresher and healthier complexion. Better blood circulation can also benefit your hair, making it stronger and more lustrous.

Weight Changes

Many individuals experience initial weight gain after quitting smoking. This is a normal response, as quitting alters metabolism. Some former smokers may turn to unhealthy foods instead of cigarettes, leading to temporary weight fluctuations. Over time, these effects tend to balance out.

Choosing to quit smoking brings forth an array of positive changes that extend from the short term to the long term. From immediate cardiovascular improvements to the gradual reduction of cancer risk and enhanced lung function, your body’s transformation is remarkable. While challenges may arise during the process, understanding the numerous benefits of quitting smoking can provide the motivation needed to embark on this path toward improved health and well-being.

Tragic Sink of Princess Diana’s Super Yacht off France!

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The world-famous celebrity yacht, Cujo, where Princess Diana enjoyed her last summer vacation before her untimely death, has sunk to the ocean floor off the coast of South France.

Dramatic Images and Rescue Efforts

The French Coast Guard shared harrowing images on their Facebook profile, showing the yacht initially afloat with most of its sun deck visible. However, moments later, only the bow could be seen protruding from the water, with furniture drifting in the sea. The expensive vessel now rests at the depths of the Mediterranean, approximately 2500 meters below the surface.

Fortunately, all seven passengers on board were rescued after the captain promptly issued a distress call upon the yacht’s collision with an unknown object near Beaulieu-sur-Mer on the French Riviera. Despite rescue efforts, the ship sank around 19 nautical miles (approximately 35 kilometers) off the coast. The Coast Guard reported a significant water leak near the front starboard hull, and though the owner activated pumps and kept the engines running, they were unable to prevent the yacht from sinking.

A Fateful Yacht with a Royal Connection

The Cujo, once a sought-after yacht among superstars, made headlines in 1997 when it was used by Princess Diana‘s then-boyfriend, Dodi Al-Fayed, who owned the vessel, to evade the paparazzi’s watchful eyes. To ensure the luxurious yacht befitted a true princess, Al-Fayed spent one million pounds to customize and enhance it.

Tragic Outcome

The memorable images of Diana on the Cujo were taken shortly before the couple tragically lost their lives in a car accident in central Paris, caused by Al-Fayed’s drunken driver.

The sinking of Cujo, the yacht with a royal connection, is a poignant reminder of the fragility of life and the unpredictability of events. While the passengers were successfully rescued, the loss of this iconic vessel marks a somber moment for all those who cherish the memories associated with Princess Diana and her final summer escapade.

Ukrainian Intelligence Confirms Involvement in Crimea Bridge Explosions!

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After much speculation, the involvement of the Ukrainian intelligence agency in the two explosions on the Crimea Bridge, connecting the Russian region of Krasnodar to the annexed Black Sea peninsula of Crimea, has been officially confirmed.

Details of the Explosions

Oleksiy Danilov, the Secretary of Ukraine’s National Security and Defense Council, revealed on Ukrainian television that their military had targeted several objects that Russia believed were 100% protected. The Crimea Bridge was one such target, and representatives from the Ukrainian intelligence agency disclosed their involvement in both the first and second explosions that occurred.

Confirmation by Ukrainian Intelligence Chief

Ukrainian Intelligence Chief Vasily Maliuk publicly acknowledged in July that the explosion on the Crimea Bridge in October 2022 was orchestrated by the Ukrainian intelligence agency. Similarly, the second explosion on July 17th of this year was also carried out by their operatives. While Ukrainian media had previously speculated about this involvement, official confirmation had been withheld.

Importance of Crimea for President Zelensky

For Ukrainian President Volodymyr Zelensky, recapturing the Black Sea peninsula of Crimea remains a crucial war objective and a primary condition for achieving peace. The situation in the region remains highly volatile, and tensions could escalate at any time.

High-Risk Situation in Russia

Given the ongoing Russian aggression against Ukraine, regions bordering Ukraine, and to a lesser extent other parts of Russia, including Moscow, have experienced an increase in military attacks and sabotage. Consequently, a partial travel warning has been issued for the country.

Travel Warnings

Travel to the administrative regions of Belgorod, Kursk, Bryansk, Voronezh, Rostov, and Krasnodar, which are adjacent to Ukraine, is discouraged. Austrian citizens currently in these areas are urgently advised to contact the relevant Austrian diplomatic authority or the nearest representation of an EU member state.

The confirmation of Ukrainian intelligence involvement in the explosions on the Crimea Bridge has added to the already tense situation in the region. The ongoing conflict between Ukraine and Russia poses risks not only for the two nations but also for travelers in the affected areas. The situation remains highly dynamic, and it is crucial to exercise caution and remain updated with official travel advisories to ensure personal safety.

Rosberg Curse: McLaren Imposes House Ban in a Playful Twist!

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Legend has it that when Nico Rosberg takes a selfie, it brings misfortune to those in the background. This quirky belief has led McLaren to impose a house ban on the 2016 World Champion. The team jokingly explained that they didn’t want to tempt the “bewitching powers” of the German.

The Selfie Jinx

The superstition stemmed from a recent incident in Budapest, where Rosberg posed for a selfie in front of Max Verstappen‘s racing car. Curiously, it was the first time in six races that the Red Bull pilot failed to secure the pole position. Instead, Lewis Hamilton took the lead.

An Unfortunate Twist

Unfazed by the selfie jinx, Rosberg decided to take another photo, this time in front of the Mercedes box. However, this seemed to have a reverse effect as Hamilton faced a poor start and finished in fourth place.

Playing it Safe

Though it could all be mere coincidence, McLaren isn’t willing to take any chances. The team expressed, “One must do what one must do. Sorry, Nico, but we cannot challenge your bewitching powers.”

Rosberg’s Playful Response

In a cheeky retort, the 38-year-old hexer quipped, “I’m heading straight to your box.” Perhaps he actually made it there as the race ended prematurely for Oscar Piastri after just one lap, and Lando Norris, who had two consecutive podium finishes, only managed seventh place.

As the saga of the Rosberg curse continues to entertain and bemuse, McLaren has decided to humorously ward off any potential ill luck. While the superstitions surrounding selfies and racing outcomes may remain unfounded, the ban adds a lighthearted twist to the Formula 1 scene. With Rosberg’s playful spirit intact, the motorsport community eagerly awaits any further magical moments that may unfold on the track.