The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.
Category: Coronavirus (2019-nCoV)
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How Engagement Rings Explain What’s Happening in the Economy
A major jeweler claims the pandemic may have prevented people from meeting their future fiancés, cutting demand for engagement rings. Inflation and anxiety among shoppers haven’t helped.
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Pivots That Helped Businesses Through the Pandemic Have Endured
A challenging time proved to be fertile ground for experimentation that continues to pay off.
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Russia and Saudi Arabia’s Oil Partnership Shows Strain
Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.
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Hotelier Stops Making Loan Payments on Two San Francisco Properties
Park Hotels & Resorts said it stopped making payments on a $725 million loan tied to two prominent hotels in a city hit hard by pandemic-related changes.
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World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
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Co-Working Spaces Are Reviving Thanks to Remote Corporate Workers
For many, shared offices have become an escape from often chaotic homes — and a chance to join a community. Are they the future of co-working?
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Movie Theaters Offer Larger Screens, Heated Seats and Sushi to Lure Fans Back
After scraping by during the pandemic, cinemas are hoping to lure back moviegoers by spending millions of dollars on upgrades.
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Companies Push Prices Higher, Protecting Profits but Adding to Inflation
Corporate profits have been bolstered by higher prices even as some of the costs of doing business have fallen in recent months.
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Cathay Pacific Struggles With Aftermath of Covid, and China Crackdown
Pandemic lockdowns, on the heels of the turmoil of pro-democracy protests, hurt an airline that relied on Hong Kong as a vibrant gateway to Asia.