Consus Real Estate subsidiary, were sold to institutional investors at a price 13.6% below the gross asset value as of December, reflecting a “challenging market environment,” Adler said in a statement on Thursday.There’s a new way to cope with the guilt of firing your employees -- a LinkedIn post letting your network know you feel miserable about it.
Braden Wallake, the chief executive officer of a Columbus, Ohio-based marketing agency called HyperSocial, wrote a guilt-filled post Tuesday about laying off employees that concluded with a teary-eyed selfie. After the post went viral, he declared himself “the crying CEO.”
- AAA.
Prices were at $3.99 figures released Thursday showed, continuing a downward trend for almost two months. Costs have fallen with cheaper oil and relatively weak demand. By one measure, fuel consumption has recently been
Covid-19 cases in China jumped to a three-month high, with almost half of the 1,993 infections reported nationally for Wednesday coming from Hainan island where tourists had thronged in search of respite.
Sanya, a beach resort town in Hainan, saw infections triple in a day to 1,254 for Wednesday. It’s the first time the daily number of cases in any Chinese province or city has exceeded 1,000 since May, when an outbreak
Japanese Prime Minister Fumio Kishida replaced the female minister in charge of tackling the country’s falling birthrate and installed a man who sought to deepen his understanding of the issue by trying out a “pregnancy belly.”
Kishida reshuffled his cabinet Wednesday and named former Bank of Japan official Masanobu Ogura, 41, to take over the post from ruling party veteran Seiko Noda, a mother of one. In
A Las Vegas bartender coping with a recent cancer diagnosis is fearing eviction. A young professional in Tucson is skipping car payments to afford her higher rent. A researcher in Miami signed the lease for her new apartment sight unseen.
Rental costs in the US are soaring at the
- 10th-largest builder by contracted sales plans to start paying off some debt due in 2023 like syndicated loans during the second half of this year, a company official said during a Wednesday investor call, said several people who dialed in to it.
- just renewed for a third season and garnered a host of Emmy nominations—including Outstanding Comedy Series, Lead Actor (for Martin and Short), and Outstanding Contemporary Costumes. Fans tune in for the chemistry between the leads, the whodunit mysteries, and the impressively curated Upper West Side styling.
- Hal Brands is a Bloomberg Opinion columnist. The Henry Kissinger Distinguished Professor at Johns Hopkins University’s School of Advanced International Studies, he is co-author, most recently, of "Danger Zone: The Coming Conflict with China" and a member of the State Department's Foreign Affairs Policy Board.
- footage is clear enough to make out a hooded figure on a tree-lined Sydney street. The person is energetically hurling -- almost like a baseball pitcher -- something at a house just before 2 a.m. on July 12.
Daylight reveals that the A$19 million ($13 million) harborside home of
Covid-19 cases in China jumped to a three-month high, with almost half of the 1,993 infections reported nationally for Wednesday coming from Hainan island where tourists had thronged in search of respite.
Sanya, a beach resort town in Hainan, saw infections triple in a day to 1,254 for Wednesday. It’s the first time the daily number of cases in any Chinese province or city has exceeded 1,000 since May, when an outbreak
RWE AG will delay dismantling one of its shuttered coal stations in Germany in case it’s needed to step in to keep the lights on this winter.
The company will keep the option open to bring back the the 50-year-old Neurath A, plant which was shut down on April 1 in line with the nation’s plan to phase out coal, RWE said on Thursday in its earnings report.
A global spell of high inflation, aggressive monetary tightening and the risk of a recession are prompting economists to revise Indonesia’s economic forecasts for the remainder of the year.
Analysts raised inflation projections for the third- and fourth-quarters by almost a full percentage point to 5% and 5.15%, respectively, median forecasts from Bloomberg’s
- Jollibee Foods Corp., the largest Philippine restaurant operator, saw its profit jump by nearly 200% in the second quarter as diners returned with the easing of Covid restrictions.
“We are encouraged to see further improvement in dine-in sales while at the same time sustaining growth in our delivery business,” chief executive officer Ernesto Tanmantiong said in a statement Thursday. Sales were better than expected and have returned to pre-pandemic levels, he said.
Inflation is so last season.
In many parts of retail, particularly clothing, there’s a sea of red price-reduction stickers washing across stores and websites as retailers mark down their unwanted stock. Shoppers should make the most of these sales — they may be as good as it gets for a while.
- testified against Penguin Random House’s acquisition of rival publisher Simon & Schuster last week, arguing that industry consolidation made it harder for fledgling authors to get printed. He may be right. But the legal thrust of this case is not primarily about unknown writers — it’s about big names like King and the threat to their jumbo advances.
After at least four people drowned in basement homes during the worst storm to lash Seoul in more than a century, South Korea’s capital city is planning to phase out such dwellings that came to symbolize yawning inequality in the Oscar-winning film “Parasite.”
Seoul is considering banning construction of underground and semi-underground houses after coordination with the government, according to a statement Wednesday. Landlords will be given 10 to 20 years to remove such structures known as “banjiha” homes from existing buildings. As of 2020, about 5% or 200,000 homes in the city were basement or half-basement flats, according to the Seoul Metropolitan Government.
Does an industrial-sized dog whistle go off when advocates boast about cryptocurrency’s ability to evade US government sanctions?
Back in March, a founder of Tornado Cash — a so-called “mixer” service that masks cryptocurrency transactions by mixing them with others — told Bloomberg it would be “technically impossible” for sanctions to be enforced against decentralized protocols. Surprise: Tornado has now been sanctioned by the US Treasury’s Office of Foreign Assets Control, partly because of its use by hackers said to be linked to North Korean money laundering.
- Swire Pacific Ltd., one of the two remaining British trading houses in Hong Kong, announced plans to buy back up to HK$4 billion ($510 million) of shares, sending the stock surging.
The buyback comes as Swire reported a 38% increase in underlying profit to HK$1.7 billion in the six months ended June 30, mostly due to
- Adani Enterprises Ltd. plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha, as Gautam Adani, Asia’s richest man, adds one more business to his rapidly-expanding empire.
The flagship company of the Adani Group got the approval to build the refinery and a captive power plant in Rayagada for an investment of 416.53 billion rupees ($5.2 billion), according to a Twitter
The worst may be over for emerging Asian currencies as slower-than-expected US inflation eases pressure on the Federal Reserve to aggressively raise interest rates, according to DBS Group Holdings Ltd. and Malayan Banking Bhd.
Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar. The South Korean won and Thai baht both advanced 0.6%, and the Indonesian rupiah strengthened 0.5%.
Johor Corp., a Malaysian state-owned investment firm, has picked banks for an initial public offering of its plantation unit, according to people with knowledge of the matter.
The investment arm of the Johor state government is working with advisers including
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