Author: News Room

A downward spiral of commercial property prices can hurt sectors beyond the real-estate industry, warns Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management. Morgan Stanley analysts think commercial property prices could tumble as much as 40%, nearing declines seen in the aftermath of the 2008 global financial crisis. The estimate comes as trillions of dollars of commercial mortgage debt is set to mature in the next few years, likely in a higher rate environment. But there is also worry of broader ripple effects from half-empty office buildings. “These kinds of challenges can hurt not only the real-estate industry,…

In his yearlong battle with Disney, Florida Gov. Ron DeSantis has repeatedly leaned on the element of surprise in his attempts to outmaneuver the entertainment giant and its army of executives, high-priced lawyers and politically connected lobbyists. “Nobody can see this coming,” DeSantis told a top Republican legislative leader as they planned a move against Disney last year, he recalled in his new book. But when Disney finally struck back and thwarted, for now, a DeSantis-led state takeover of its long-standing special taxing district, it was the Republican governor who was seemingly caught off guard. The same February morning Disney…

Welcome back. President Vladimir Putin this week conferred a posthumous award on a bank robber turned ultranationalist blogger who was murdered in St Petersburg on Sunday. At the same time, a US journalist languishes in a Moscow prison, falsely accused of spying. What do these events tell us about Russia’s internal condition in the second year of its neo-imperialist war against Ukraine? You can reach me at [email protected] longer Putin’s reign lasts, the more obvious it becomes that political repression at home goes hand in hand with military aggression abroad. The arrest of Evan Gershkovich, a Moscow-based Wall Street Journal…

Company description Wizz Air Holdings Plc (OTCPK:WZZAF / OTCPK:WZZZY) offers passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. Their fleet of 154 aircraft operates services for around 1000 routes from 194 airports in 51 countries. Share price Data by YCharts Wizz’s share price was trending up before the pandemic but now looks to be far more volatile. Gains were made in late 2020 as the prospect of returning travel loomed but this quickly reversed as the reality of several lockdowns and soft air travel became apparent. Wizz is now trading only…

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The opposition leader of Thailand has promised to airdrop 10,000 baht ($300) in digital currency to anyone 16 or over should his Pheu Thai Party win the next election. On Wednesday, real estate mogul turned candidate Srettha Thavisin announced the $300 handout policy in the heavily populated central Thai province Nonthaburi, according to a report by the Bangkok Post.Paetongtarn Shinawatra, Pheu Thai’s chief adviser on public participation and innovation, claimed the policy is part of a blockchain-based project designed to distribute Thai products abroad and help introduce digital currencies to Thailand. The $300 airdrop will need to be spent within a 4-kilometer community…

In the wake of the 2016 presidential election, as online platforms began facing greater scrutiny for their impacts on users, elections and society, many tech firms started investing in safeguards. Big Tech companies brought on employees focused on election safety, misinformation and online extremism. Some also formed ethical AI teams and invested in oversight groups. These teams helped guide new safety features and policies. But over the past few months, large tech companies have slashed tens of thousands of jobs, and some of those same teams are seeing staff reductions. Twitter eliminated teams focused on security, public policy and human…

Since Tim Cook became CEO of Apple, he’s worked to cement his own legacy — but he still admires his predecessor Steve Jobs’ leadership style.”I knew I couldn’t be Steve [when I became CEO],” Cook, 62, told GQ on Monday. “I don’t think anybody could be Steve. I think he was a once-in-a-hundred-years kind of individual, an original by any stretch of the imagination. And so what I had to do was to be the best version of myself.”But that doesn’t mean Cook couldn’t take a leadership trick or two from Jobs’ book. In particular, Cook said he admired how…

Forty-two Chinese fighter jets briefly crossed the sensitive median line of the Taiwan Strait on Saturday as China began drills around Taiwan in anger at President Tsai Ing-wen’s meeting with the speaker of the U.S. House of Representatives.The three-day drills, announced the day after Tsai returned from the United States, had been widely expected after China condemned her Wednesday meeting with Speaker Kevin McCarthy in Los Angeles.China views democratically governed Taiwan as its own territory and has never renounced the use of force to bring the island under its control. Taiwan’s government strongly objects to China’s claims.Beijing’s announcement also came…