• The Infiniti QX80 is a full-size luxury SUV that competes with the Lexus LX and Cadillac Escalade.
• I recently drove a 2025 QX80 in the lower-mid-tier Luxe trim.
• I was impressed by the SUV's eye-catching looks, luxurious high-tech cabin, and quiet ride.

The third-generation Infiniti QX80 got some much-needed updates in 2024 to help it remain competitive against industry heavyweights like the Cadillac Escalade, Lincoln Navigator, and Lexus LX.

I recently reviewed a four-wheel-drive QX80 SUV with an as-tested price of $99,195. I was impressed by the QX's eye-catching looks, luxurious, high-tech cabin, and smooth ride.

The base rear-wheel-drive QX80 starts at $82,450, while the top-spec 4WD variant starts at $110,595. My lower-mid-tier four-wheel-drive Luxe trim test car starts at $92,650.

Here are 18 features that show why the QX80 is a stylish Japanese alternative to the Escalade.

The electronic system, EPAWSS for short, enhanced the F-15E aircraft's ability to detect and counter threats.

President Donald Trump pledged to take back the Panama Canal in his inauguration speech.

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• A global job crisis is brewing, Singapore's president warned in a World Economic Forum panel.
• About 1.2 billion new workers will be competing for 400 million jobs over the next decade, he said.
• Tharman Shanmugaratnam called for an overhaul of education and labor force training to help workers.

Singapore's president says a global job crisis is looming, and tackling it will require governments around the world to reimagine how they educate, train, and care for their workers.

Tharman Shanmugaratnam sounded the alarm during a Wednesday panel titled "Closing the Jobs Gap" at the World Economic Forum's annual meeting in Davos, Switzerland. He delivered a wide-ranging monologue in the session moderated by Business Insider's editor in chief, Jamie Heller.

Shanmugaratnam — an economist with degrees from Harvard, Cambridge, and the London School of Economics — said that roughly 1.2 billion people from developing and emerging nations are set to enter the global workforce over the next decade, but only 400 million new jobs are projected to be created in that period.

If another 800 million people wind up underemployed or fully unemployed, it won't just be an economic, social, and political nightmare — it will represent a "crisis of social compact" and a "crisis of hope, of self-belief and dignity, and a crisis of solidarity," he said.

Narrowing the jobs gap will require "shaping human potential through life," from the crucial first three years of a child's life to what they learn in school and at work, Shanmugaratnam said.

He flagged the mismatch between the overly academic and insufficiently technical education provided by many universities, and the skills that employers demand, which has left many graduates jobless and could leave a "whole generation feeling the system has failed them."

He also underscored the need to equip workers with the breadth of abilities and soft skills necessary to excel in their careers.

AI and informal work

Shanmugaratnam has held top-level government positions focused on human resources, education, finance, and economic and social policies during his career.

At Davos, he discussed the rise of artificial intelligence and the prospect that the technology could lead to mass displacement of workers.

He called for governments and employers to continually invest in workers to increase the chances that AI complements their skills instead of rendering them obsolete. He also urged authorities to take care of workers replaced by the tech.

Shanmugaratnam also flagged that the vast majority of workers in the developing world are in the informal sector, so they lack job security, have no opportunity to develop their skills, and are underemployed.

He called for other countries to follow Singapore's example and give gig workers benefits such as workplace injury compensation and social security, and ensure employers build up their workforce's skills over time.

• Alessandro Palombo has lived in Dubai and he's launched two businesses in Singapore.
• He said people in Dubai often display their wealth, while Singapore has billionaires in flip-flops.
• The lifestyle in Dubai can be transient, meanwhile, Singapore can feel small, he said.

This as-told-to essay is based on a transcribed conversation with Alessandro Palombo, 36, an entrepreneur based in Lisbon, about doing business in Dubai and Singapore. The following has been edited for length and clarity.

I lived in Dubai for around four years, and I have two businesses in Singapore.

I started my career in the legal field but pivoted into startups. I currently live in Lisbon and focus on running a fund advisor for a Golden Visa fund helping non-Europeans gain residency and citizenship in Portugal.

I first moved to Dubai in 2019. I used the city as my headquarters and often traveled from there for work and my startups. I had team members in Asia, so there was good connectivity from Dubai to them. I also frequently visited Singapore for business trips.

I launched two businesses, including a fund advisor, in Singapore in 2024. I travel frequently to manage both companies and plan to spend at least a quarter of my time there moving forward.

Having experienced life in both Dubai and Singapore, here is a comparison of what I think of both locations. Overall, I think they are both great places for doing business. Dubai is better suited for doing business with Europe or the US, and Singapore is a great place if you're doing business in Asia.

Displays of luxury are more understated in Singapore than in Dubai

People in Dubai often display their wealth, while in Singapore, there were billionaires in flip-flops — it's more understated.

In Dubai, you can get lost among hundreds of luxury shops at the Dubai Mall. It shows you the best of every luxury brand in one place.

While luxury is embedded into a holiday experience in Dubai, it isn't at the center of your experience when you live there. When visiting for a week, you're typically taken to high-end attractions and restaurants, but living in Dubai reveals its more grounded side. You can dine in more authentic Lebanese restaurants for 25 euros, around the same in dollars a head.

Meanwhile, in Singapore, I've personally met more wealthy and powerful people than I did in Dubai. This could be due to coincidences around my network, but I have a feeling it attracts more people who have already made it as opposed to people who are trying to make it. I've met several wealthy people who were dressed in ordinary clothes but had significant assets, including luxury cars.

In Dubai, business meetings often happen in lavish offices, but in Singapore, I've seen more personal touches, like a CEO's private room with an extraordinary cigar collection and premium liquor — items that reflect wealth but aren't immediately visible.

Consider where your clients are based when deciding which city is best for your business

I think both locations are great for digital nomads and entrepreneurs.

In Dubai, the killer value proposition is 0% personal income tax. It's one of the very rare places in the world where your earnings, capital gains, and dividends are not taxed. It's a major advantage for people who have wealth to preserve and for digital nomads. However, there is a 5% VAT.

If you're doing business with Europe or the US, Dubai would be a better fit because of the time zone.

Meanwhile, Singapore offers an unmatched ease of doing business in Asia without the language barriers present in countries like China, where Mandarin is essential. However, if you have clients in Europe, the time difference can make things difficult.

In Singapore, personal income tax is reasonable, and there are thoughtful tax exemptions for startups. Plus, there is no capital gains tax or foreign-source income tax. Singapore is such an efficient city. Compared to Dubai, it's faster to open a bank account. The tax guidelines are clear, and they enable you to do business easily.

That said, there are challenges around entrepreneurship in both locations. In Dubai, pathways for securing a visa can involve establishing a company or obtaining a freelance license. While feasible, it's more complex than it appears, and it's often useful to have assistance from trusted local partners. In Singapore, incorporation is straightforward, but obtaining the required Employment Pass involves additional steps.

There are some potential downsides to life in both cities.

In Dubai, I think the lifestyle can be quite transient. There's a large expat population, and since many people see their time there as temporary, it can limit deep connections.

I'd avoid the hottest summer months in Dubai. If you open your door in July, it's like a huge hairdryer blowing hot air on you. Meanwhile, in Singapore, it's hot and humid all year round. In both places, expect to be spending a lot of time in buildings with air conditioning.

Both cities can be expensive, but I think Singapore is more expensive, particularly the cost of cars and real estate.

Singapore is also a very small city. In Lisbon, where I live now, I can drive to many beautiful places in my car like beaches and hiking spaces, but in Singapore, you don't have to drive for long before you've left Singapore and are entering Malaysia. In the medium to long term, you may feel the smallness of the space. I haven't lived in Singapore, but when I visit, I often end up in the same four or five streets.

Overall, Singapore and Dubai are great examples of international hubs, and I really like both cities.

Do you want to share a review of cities you've lived in for work and business purposes? Email [email protected]

• CATL's co-chairman said EVs in China have gotten a new label: EIV.
• The term stands for "electric intelligent vehicles," Pan Jian said at a Davos panel on Tuesday.
• China's EV industry has seen an influx of affordable vehicles like the Xiaomi SU7 which are packed with AI technology.

There's a new buzzword in China's electric vehicle industry.

Pan Jian, the co-chairman of battery manufacturer and key Tesla supplier CATL, told a panel at the World Economic Forum in Davos on Tuesday that China's automakers were shunning traditional EVs for "EIVs," or Electric Intelligent Vehicles.

"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan said at a session moderated by Business Insider editor in chief Jamie Heller. Other speakers included Rio Tinto CEO Jakob Stausholm and South African science minister Bonginkosi Emmanuel "Blade" Nzimande.

Pan said the reason China's EV market is booming is because there's a "perfect marriage between E and I."

"E enables I, so that offers a whole suite of new features to consumers, which cannot be offered with traditional combustion engine cars," he said.

A spokesperson for CATL said that the term "EIV" was not yet widespread in China, but was growing in popularity.

China's booming EV market has seen an influx of affordable models that are packed with high-tech extras in recent years.

Smartphone maker Xiaomi rolled out its $30,000 SU7 sedan, which comes with advanced autonomous driving features and voice recognition that allows drivers to control household appliances from their car, in March, while EV startup Xpeng described its $26,000 P7+ electric car, which released in November, as the world's first "AI-defined" vehicle.

Not to be outdone, other automakers have invested heavily in intelligent technology, with Tesla rival BYD announcing last January it would spend $14 billion on AI and self-driving technology for its vehicles.

Zoe Zhang, an analyst at energy consultancy Rho Motion, told BI the term "EIV" had become broadly common in China, as automakers battle to stay relevant in the country's brutally competitive EV market by offering more advanced cockpit systems and software.

"I think more and more, the car manufacturers are going to be really competing over the user experience," said Zhang.

She said that Chinese automakers are investing heavily in making their EVs more intelligent and building their own hardware, such as chips.

"It's easier to incorporate those intelligent functions on EVs than traditional combustion engine vehicles because of the chips," Zhang said, adding that this was one of the reasons Chinese consumer electronics companies like Xiaomi and Huawei have pivoted into EVs.

Speaking at Davos, CATL co-chairman Pan also hailed China's talent pool of software engineers, nurtured by homegrown companies like Xiaomi, Alibaba, and Tencent, saying it has given China's EV industry an edge.

His comments come as EV sales in China are set to rise 20% this year to more than 12 million, outpacing conventional car sales for the first time.

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• Dexter Zhuang hit Coast FIRE, meaning he doesn't have to contribute any more money to his nest egg.
• He still has to earn income to cover his daily living expenses and expects to work into his 60s.
• Coast FIRE, which he hit with a simple strategy, has provided peace of mind and career flexibility.

Dexter Zhuang has achieved what's known as "Coast FIRE," an offshoot of the Financial Independence, Retire Early movement.

It's defined as having enough in your retirement accounts that you don't have to contribute any more money — the current amount will grow and compound enough over time, allowing you to "coast" into retirement.

Zhuang calculated his Coast FIRE number using an online calculator that allows you to input assumptions such as your current age, expected retirement age, annual spending in retirement, and invested assets. BI verified that he hit his six-figure number, which he prefers not to share, by looking at investment account screenshots and statements.

He still has to earn enough to cover his day-to-day expenses, but he doesn't mind working — and expects to do so well into his 60s.

"I don't see myself as someone who wants to retire early and stop working. The retirement age that I put into the Coast FIRE calculator is 67," said Zhuang, whose career has included a high-paying Silicon Valley job and working at growth-stage startups. He said his average cash compensation, including base salary and bonuses, was $133,000 between 2013 and 2022.

In 2023, he walked away from his 9-to-5 career to grow his newsletter, Money Abroad, and do freelance consulting for startup CEOs.

For Zhuang, the appeal of Coast FIRE was the peace of mind and career flexibility that it provided. Knowing he didn't have to worry about retirement allowed him to "pursue a different type of work, career path, and to experiment with something different," he said.

The 33-year-old has lived in San Francisco and Singapore throughout his career and currently resides in Mexico City with his wife. He shared the investment strategy that's allowing him to coast into retirement.

Investing early and diversifying over time

Zhuang started putting his money to work in his early 20s after landing his first full-time job as a product manager. He kept things simple, he said: "When I started investing after college, I was mainly buying boring index funds through my 401(k) retirement account and my taxable brokerage account."

Over time, he diversified his portfolio and, as of January 2025, has his money spread across various asset classes.

His portfolio is, roughly, "15% cash, 65% public equities, 15% real estate and REITs, and 5% more high-risk assets," he said. "My current strategy isn't anything fancy. It's long-term orientation, so investing based on a 10 plus year time horizon. I consider myself moderately aggressive on the risk spectrum."

Cash

Zhuang keeps about 15% of his money in four-week Treasury bills or a high-yield savings account. This is emergency fund money and also, "a fund that my wife and I have saved for starting a family in the future," he said.

Stocks

Public equities make up the majority, 65%, of Zhuang's portfolio.

"My distribution is around 75% US stocks and 25% non-US stocks," he said. "On the US stock side, my portfolio's gotten a bit messier over the years, so it includes a number of different US stock indexes, like VTSAX, which is the total stock market index. I also have some VOO, which is the S&P 500, and VXF, which is the mid- and small-cap. So, what I try to do is diversify a mix of the large-cap, mid-cap, and small-cap within US. Within non-US, I have funds like VTIAX, which is the international stock index, and the VXUS, which is similar; it's all the non-US international markets."

He prefers index fund investing over stock picking for a few reasons.

One, he'll probably get better returns than he would if he attempted to pick individual stocks, he said: "I don't think I'm going to succeed where professional, active investors have failed in terms of stock picking."

Two, he prefers the passive, hands-off approach that index fund investing allows.

Even if he could beat the market picking stocks, "I wouldn't want to spend the time really diving into individual stocks," he said. "I see money as a tool so that I don't have to spend a whole lot of time in the spreadsheet. I value the balance of building wealth for the future versus enjoying my current lifestyle."

Real estate

Zhuang doesn't want to own and operate properties but recognizes the benefit of having real estate make up a portion of his portfolio.

He owns REITs — real estate investment trusts — which are companies that own real estate. Like stock, investors can purchase shares in REITs.

"My preference is to not have to own the actual, physical property, so I don't have to manage it," Zhuang said. "That's why I prefer to go with the REITs approach, for diversification purposes."

High-risk investments

A small percentage of his portfolio is invested in startups and crypto. Zhuang calls this his "fun money bucket," and keeps it at about 5% of his portfolio.

"In 2021, during the crypto boom, I did allocate a bit more toward crypto," he said. "But since then I've reduced my holdings to this small portion of my portfolio because I realized this is an incredibly volatile asset and, ultimately, I was just speculating."

• I loved living in Portland, Oregon, in college and my early 20s — I thought I'd stay there forever.
• However, a temporary move to Baker City, a small town in rural Oregon, shifted my mindset.
• I moved there once I'd had enough of Portland's noise, big-city vibes, and cost of living.

I grew up in a small town in Oregon and couldn't wait to pack my bags and head to Portland for college.

The city seemed to have everything I could need: bustling streets, museums, art, culture, and an abundance of good food.

And for years, Portland was the perfect lively place for a young adult like me. I enjoyed living there while attending Portland State University, a campus in the heart of downtown surrounded by both trees and skyscrapers.

I spent most mornings jogging along the Willamette River and across the city's many bridges. On weekends, I could tour the local farmers market, visit a botanical garden, eat at tons of different food trucks, or even head to popular spots like Powell's City of Books or chains like Voodoo Doughnut.

I swore I'd never leave my beloved city, but I later realized doing so was the best option for me.

At first, I thought I just needed a temporary break from Portland

The summer after I graduated from college, I needed some time to regroup without feeling rushed to decide my next step.

The go-getter in me was feeling burned out, I missed my family, and I knew I couldn't slow down and just breathe while living in Portland.

The city felt so busy, and the high cost of living was tough to manage as a single person living on my own. I'd have to work full-time — and maybe even take on another job — just to make ends meet.

So, I packed my bags and headed five hours east to Baker City, a small town in rural Oregon where members of my family lived.

Affordable, quaint, and quiet, Baker City was just the break I needed. Soon enough, though, I missed the buzz of Portland and the convenience of having a wide variety of shops and restaurants at my fingertips.

After a few months, I returned to Portland to start graduate school.

However, my mental health took a turn when I returned to Portland

Although I was surrounded by people in the city, I felt incredibly lonely. My anxiety and depression were worsening by the day, and I was battling panic attacks, paranoia, and suicidal ideations.

Therapy wasn't helping, and neither were the antidepressants. Most days, I struggled to get dressed and leave my apartment.

I craved community, less noise, and more peace. Soon, I realized I only experienced those things when I was visiting family in Baker City.

Unlike before, the small town's slow pace seemed appealing to me. Plus, the lower cost of living could help alleviate some of my stress.

I knew I had to make a change to improve my well-being, so I left Portland for good and moved to Baker City.

My small town allows me to live the life of simplicity I desire

I now live in Baker City with my partner and pet Husky and work as a full-time yoga teacher and writer.

As I've gotten older, I realized I no longer want to be around crowds — and having too many choices for restaurants, shops, and events feels more overwhelming than desirable.

There are more small businesses than there are chains here, but I love it. Most of the local business owners know me by name and often ask how I'm doing.

Restaurant options are limited, but I still eat well. We have several ranches and farms we can locally source food from. Plus, I've started gardening and enjoy growing my own food.

Although Baker City's population of about 10,000 is a far cry from the over half a million people in Portland, my smaller community feels much tighter.

I can't remember the last time I felt lonely. Of all the years I lived in Portland, I never had as easy of a time making friends as I have here.

We have a large art and music community, many outdoor activities, and annual events. Baker City also gets lots of sunshine and less rain than Portland, which has also been beneficial to my mental health.

Portland will forever have a piece of my heart, but not like Baker City does. I love the simple yet beautiful life I've cultivated here over the past three years and wouldn't trade it for the world.

• My family moved from the US to Barcelona six years ago.
• I went from being a helicopter parent to letting my child explore the world independently.
• I went from asking where my kid was to does my kid know where I am?

When I lived in the United States, I was a helicopter mom. At the park, I followed my preschooler like a linebacker, ready to catch him if he fell. If I lost sight of him, I'd panic.

That changed six years ago when my family moved to Barcelona. During our first spring here, we attended a Catalan calçotada, a community gathering where you barbecue green onions.

My son's friends were climbing a tree. Naturally, my then-5-year-old joined in. Once he reached the top, the local parents started clapping. But they weren't clapping for my kid. They were clapping for me. For once, I hadn't intervened. I let my kid be a kid.

This hands-off parenting has endured. Today, my 11-year-old son picks up groceries, plays in the park, and commutes 30 minutes from school — all without adult supervision. But this shift didn't happen overnight. Spain's social climate and infrastructure provided us the opportunities to grow.

Independence is fostered from an early age

Restaurants here often have playgrounds or open squares nearby, with outdoor seating so parents can socialize while their kids play. When an American friend asked who watches the kids, I joked, "They run feral."

In Spain, I don't ask: "Where's my kid?" Instead, I ask: "Does my kid know where I am?" The restaurant table is the hub. If my son gets hurt, another child will run and find me. Otherwise, the kids sort issues out by themselves while we sip wine.

Schools here encourage independence early with annual multi-day rural trips for students starting at ages 5 or 6. When my son first went, I was nervous — who would remind him to pee or comfort him at night? I over-prepared, packing labeled outfits, only to find he wore the same clothes for three days. Did he reek? Yes. Did he survive? Also yes.

To be sure, this independence hasn't turned my son into an angel. He still complains when we ask him to set the table and would happily choose his iPad over park time, but independent actions give him a sense of agency.

Me being overprotective wasn't helping my kid

Since age 10, he has taken the city train home from school by himself. My American sisters (also moms) are shocked. "How brave," they told me. But here, it's normal thanks to supportive infrastructure like the FGC transportation system, which dedicates specific public train carriages to school children during rush hour. After a few months of practice in this train cocoon, he now takes the train alone whenever and wherever he needs it.

"One of the reasons it's easier in Spain is because the social norm is, obviously, to put your kid on the train," Lenore Skenazy, president of Let Grow, the nonprofit promoting childhood independence, told Business Insider.

The contrast with the US is striking. Half of the parents of kids ages 9 to 11 won't even let their children go to another aisle in a supermarket alone, according to a poll by the C.S. Mott Children's Hospital, and only 33% allow them to walk or bike to a friend's house alone.

This overprotectiveness leads to learned helplessness. Previously, my son would zone out during our train journeys together. Since he started commuting on his own, he's become more vigilant. Now, when we travel together, he's the one making sure we don't miss our stop.

In the US, there has been an alarming increase in anxiety and depression in children. To combat this, psychologists urge parents to give kids the freedom to roam, explore, and make choices without parental oversight.

"The only thing I've seen that changes parents here in America is not statistics," Skenazy said. "It's simply seeing their kid has done something without them."

Skenazy suggests coordinating with schools to adopt the Let Grow Project, a homework assignment that asks kids to do one thing by themselves (from frying an egg to biking solo to school). The children document this on a leaf-shaped paper, which is displayed publicly.

My son's journey toward independence began with a tree. Collect enough leaves, and soon, your children could have a tree of their own.