Real Estate
11 Nov
WeWork, bankruptcy ,US , real estate WeWork, the desk renting company co-founded by Adam Neumann, has filed for bankruptcy in order to deal with its $13 billion in outstanding lease obligations. The group, which was once valued at $47 billion, saw its meteoric rise thwarted in 2019 when its heavy losses were exposed and during the Covid-19 pandemic with the advent of remote work.
2 Sep 2023
The Evergrande Group filed for bankruptcy in order to safeguard its assets within the US. Many developers have been facing similar issues in China's expansive property industry.
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Find these stories and much more when you grab a copy of The Guardian on Friday.
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Housing is the social issue of the 21st century, German politicians and experts say time and again. And yet there's no improvement in sight, especially in cities, where affordable housing is in short supply.
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According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one year, with adverse economic effects lasting more than two years
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As the US government and its allies mull new sanctions on Iran after Tehran's missile and drone attack on Israel, we look at whether existing sanctions have been effective at stemming the flow of Iranian oil to global markets.
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The Venice Biennale, which runs this year from April 20 to November 24, is one of the world's most prestigious international art shows, alongside the documents in the German city of Kassel.
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Indonesia is aiming to reduce its dependence on fossil fuels, with 30 percent of the country's energy slated to come from biodiesel by 2030. But the plan has caused alarm among environmental groups.