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Saudis reportedly trim plans for futuristic desert city

Sources tell Bloomberg just 300,000 people will now be living in “The Line,” a 170-kilometer city composed of mirror-clad skyscrapers, by 2030. At one point, officials said 1.5 million people would live there by then.

That would put the city on a scale of, say, Greensboro, North Carolina, or perhaps Lincoln, Nebraska on a particularly busy day.

Needless to say? Not exactly the hemispheric metropolis the Prince had long yearned to construct.

The Line is the centerpiece of Neom, the city Crown Prince Mohammed bin Salman sought to build as a showcase of the Kingdom’s effort to diversify its economy away from oil. Foreign investments to fund the $500 billion projects have been slow to materialize, Bloomberg says.

Needless to say? Not exactly the hemispheric metropolis the Prince had long yearned to construct.

The Line is the centerpiece of Neom, the city Crown Prince Mohammed bin Salman sought to build as a showcase of the Kingdom’s effort to diversify its economy away from oil. Foreign investments to fund the $500 billion projects have been slow to materialize, Bloomberg says.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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