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Sandalwood is one of the most expensive woods in the world: One kilogram of Indian sandalwood can cost $200. Its unique, long-lasting aroma makes it extremely sought after. And when that aroma is distilled into oil, a single kilogram can cost $8,000. Today, sandalwood oil is a coveted ingredient for perfumes, soaps, and incense. So

The rapid expansion of China’s property sector was powered by a great migration from the farms to the cities – and built on cheap credit. The FT tells the story of Evergrande, the most indebted property developer in the world, which now stands on the brink of collapse. It’s a story that changes the outlook

As space becomes more accessible to private enterprise, many companies are hoping to make it not just possible, but affordable to put objects into orbit. Now a startup called Astra is on the verge of launching rockets at a fraction of the cost to competitors, potentially starting a new era for the business of space.

Nov. 19 (Bloomberg) – A small lab in Brooklyn is working on a gel that can stop bleeding in 20 seconds. Platelets stick together when VetiGel, made from plant-based polymers, comes into contact with blood. VetiGel’s co-founder, Joe Landolina, started working on the project while he was a freshman at New York University. Bloomberg’s Sam

Shenzhen has been dubbed the Silicon Valley of hardware. If you own a smartphone or computer, odds are parts of it came from here. In 30-years the city has grown from a town into a megacity of over 12 million people. Welcome to Shenzhen, the manifestation of China’s economic miracle. Video by Angus Bennett Like

Jacob Kingston, a member of a controversial Mormon offshoot known as “the Order,” pleaded guilty to the largest biofuel scam in U.S. history. This is how he was seduced by a flashy L.A. businessman, and how the partnership ultimately led to their downfall. For more about the biofuel scandal, check out Jesse Hyde and David

Nov. 28 (Bloomberg) — Bloomberg’s Michael McKee breaks down the math behind the record $500 million Powerball jackpot and whether it is better to take a lump sum or annuity payment. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”

Oct. 17 — Philippines’ President Rodrigo Duterte has become notorious for his fiery, expletive-laden tirades against foreign leaders. Bloomberg QuickTake looks at who Duterte is, what he’s said and and how his war on drugs has turned deadly.

VistaJet founder Thomas Flohr talks about why he started the private jet company and how the business has grown.

America enjoys an exorbitant privilege from the fact that the dollar is the world’s reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start

There’s graffiti on the outside and no running water for now, but this renovated railcar can be yours for under $100,000.

Before they can begin their training to become Air Assault-qualified, all students at the Sabalauski Air Assault School must survive “day zero,” a physically and mentally grueling test that marks the beginning of what’s known as the Army’s “10 toughest days.” Beginning before sunrise, day zero consists of a detailed inspection of the students’ gear,

New ‘Daily Show’ host Trevor Noah tells CNNMoney’s Brian Stelter that CNN, Fox News and even BuzzFeed won’t be safe from the show’s jabs.

Once one of China’s most successful developers, Evergrande has been labeled a defaulter and is more than $300 billion in debt. Now it’s racing to restructure as bondholders warn of possible enforcement action. #Asia #TheBreakdown #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Subscribe to Quicktake Explained: https://bit.ly/3iERrup

Sept. 25 (Bloomberg) — Advertising hits us from every direction..everyone is trying to get our attention. But we have a hard time believing what those ads are telling us. As part of Naked Brand, airing September 25 at 9pm EDT, we take a look at the way Patagonia is bringing transparency to their marketing. (Source:

At Wagner Custom Skis in Telluride, Co., the size, skill, and ambition of a skier are taken into account while handcrafting a one-of-a-kind pair. But it’s on the mountain where Wagner style really shows. Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join QuickTake Originals is Bloomberg’s official premium video channel.

General Electric is fighting back after the company was accused of fraud and its stock experienced its worst one-day percentage drop since April 2008. Harry Markopolos, who is famous for blowing the whistle on Bernie Madoff’s Ponzi scheme in 2008, accused GE of orchestrating a massive fraud. #CNNBusiness

John Deere boasted record profits in 2021 and finally struck a deal with striking union workers. But now it has a bigger problem: farmers are revolting against restrictions on how they repair complex equipment. #Technology #TheBreakdown #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Subscribe to Quicktake Explained:

Read more about the Fall of the Billionaire Gucci Master: https://www.bloomberg.com/features/2021-hushpuppi-gucci-influencer/ Ramon Abbas perfected a simple internet scam that helped him launder millions of dollars, riches he shamelessly flaunted on Instagram. Better known as @Hushpuppi, the young Nigerian became a fixture among the global elite as fashion houses showered him with gifts. But his fame

How many streams does it take to make minimum wage? Streaming platforms like Spotify now dominate the music business. Social media apps like TikTok and Instagram are changing the playing field. And some artists are moving away from traditional record deals and revenue sources in favor of independence. The FT’s Don Newkirk Jr asks some

Stetson cowboy hats are an iconic American accessory. The popular Skyline style will cost you $245, while other premium varieties can set you back $5,000. Over the years, famous figures like President Ronald Reagan and Beyonce have worn Stetsons, further solidifying the brand’s image as the premier American cowboy hat. It’s one of the few

We got an inside look at the United States Air Force’s 7.5-week basic military training, or BMT, program. Insider spent four days at Lackland Air Force Base in San Antonio, Texas, observing different squadrons at various stages of training. Trainees are instructed in marksmanship, drill, and battlefield first aid. The program culminates in week six

Meet Joe. He used to make a steady income in manufacturing, but the work has disappeared. Now, he is selling everything and moving into his van.

Tennis champions Novak Djokovic and Naomi Osaka are among the best paid athletes in the world. But prize money drops off steeply, with lower-ranked players often struggling to make a living amid the expense of travel and coaching. The FT talks to governing bodies in what is a fragmented sport and follows two players fighting

Using the pressure of the sun’s rays to propel spacecraft, solar sails will allow future unmanned missions to be longer and cheaper while reaching the outer solar system—and possibly beyond. #Moonshot #Space #BloombergQuicktake ——– “Moonshot” introduces you to the scientists and thinkers chasing humanity’s wildest dreams. The series takes a deeper look into how science

Nick Mason made his first fortune playing drums for Pink Floyd. His second came from racing old cars. Specifically, old Ferraris that today are among the most expensive cars on the planet. This weekend he took the star of his collection—a 1962 Ferrari GTO—flat out up the 1.16 mile track at the Goodwood Festival of

In the next 40 years we’ll need to produce as much food as we did over the past 8,000 years. But as our population grows, the resources we need are shrinking and so farmers and scientists around the world are finding new solutions to feed us all. Video by Leila Hussain and Menglin Huang Like

The original Noma opened in Copenhagen 15 years ago, surprising guests with its inventive offerings, like dishes disguised as herb pots. Noma was voted number one restaurant in the world four times. But not too long ago, Chef René Redzepi shut everything down. And this latest move could give them back the title. Noma closed

New Zealand’s wine industry was the first in the world to have a national sustainability programme and more than 96 percent of its vineyards operate according to specific environmental standards. Measures to reduce waste and emissions include using lighter bottles and natural fertilisers, and minimising packaging. One vineyard has even managed to reduce its waste

Gooseneck barnacles are one of the most expensive seafoods in the world. Just 1 pound can cost over $100 in Spain and Portugal, where the barnacles are considered a delicacy. But getting your hands on them is harder than it seems. The job comes with serious risks — and even the possibility of death. So