Saudi Arabia Is Making a High-Risk $1 Trillion Bet on Tourism
The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
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The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
Jury selection was completed Friday for Donald Trump’s first criminal trial, setting the stage for opening arguments Monday in a New York case accusing the former president of falsifying business records to conceal a sex scandal before the 2016 election.
Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Nov 8, 2019
Bloomberg News
,WeWork said Friday that it added twice as many rented desks at its co-working spaces in the third quarter compared with same period the year before, even as its hotly anticipated initial public offering was imploding. The company also confirmed that it would divest businesses, including Meetup and its investment in the Wing.
The New York-based company shared new information publicly about its business that had been compiled for lenders in October for a potential debt package organized by JPMorgan Chase & Co. The data was previously only available to those who signed nondisclosure agreements, WeWork said.
As it added new members, the beleaguered company reported a drop in occupancy rate, down to 80 per cent from 83 per cent the year before. Occupancy in China and elsewhere in Asia were particularly low.
The investor presentation, which is dated Oct. 11, tries to put a positive spin on the upheaval it went through in the past few months. It describes the “member experience” for its customers as “focused.”