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Any other business

Forget cashmere-lined Ferraris but watch the shipping forecast

12 August 2023

9:00 AM

12 August 2023

9:00 AM

Some business stories are useful economic signals, some are not. For example, I’m not building any hopes on news that Ferrari sales are up 15 per cent thanks to buyers demanding ‘cashmere and corduroy’ interiors. Indicative of greater realism among the very rich is the statistic that superyacht sales are down by a third following a spectacular two-year boom.

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