AMSTERDAM: A six-year construction boom in the Netherlands is set to end next year, a research firm said on Thursday, as uncertainty over European Union rules on nitrogen emissions delays… Read more »
ZURICH: LafargeHolcim expects the construction industry to remain buoyant next year despite the downturn dragging on other sectors of the global economy. The outlook for 2020 remained good despite problems… Read more »
HONG KONG: China’s biggest shared workspace provider Ucommune has filed a confidential prospectus with the U.S. securities regulator as it seeks an initial public offering (IPO) before the end of… Read more »
NEW YORK: Japan-based SoftBank will take control of WeWork in a bailout plan that will see the office-sharing startup’s co-founder Adam Neumann exit the board, a person close to the… Read more »
SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the… Read more »
SAN FRANCISCO: Facebook on Tuesday said that it is devoting $1 billion during the coming decade in affordable housing, most of it in its home state of California. The leading… Read more »
HONG KONG: Hong Kong’s financial chief urged landlords and property developers to offer rent subsidies to retailers and food and beverage businesses suffering after four months of protests that have… Read more »
Mounting debt failures in India have been catching rating companies off guard, underscoring continued challenges a year after the landmark failure of shadow bank IL&FS increased scrutiny of the industry…. Read more »
WeWork owner The We Company took a last-minute decision on Monday to suspend preparations for an initial public offering (IPO), concerned that its stock market debut would be snubbed by… Read more »
BY: Claire Boston WeWork’s suddenly troubled IPO plans have begun to unnerve its creditors, who worry about where the cash-burning company will turn to land its next round of financing… Read more »