US Small-Business Rent Delinquencies Rise to a Three-Year High
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
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The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
Apollo Global Management Inc., KKR & Co. and Stonepeak may inject billions of dollars into a joint venture that will help fund Intel Corp.’s semiconductor fabrication facility in Ireland, according to people with knowledge of the matter.
Cava Group Inc. is planning to further expand its footprint in the Chicago area and other areas of the Midwest, making a contrarian bet that the region will reverse population declines that have plagued it in recent years.
Donald Trump’s lawyer at his “hush money” trial sought to cast doubt on claims that a tabloid publisher’s $150,000 deal with an ex-Playboy model to keep quiet about an alleged affair was an attempt to influence the 2016 election.
Mexican companies are pushing ahead with plans to sell shares, seeking to tap renewed interest from global equity investors, according to the head of Barclays Plc in the country.
Jun 21, 2021
Bloomberg News
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The Bank for International Settlements is looking to revamp its Basel headquarters centered around the institution’s distinctive Martin Burckhardt-designed tower.
The BIS, which hosts regular meetings for central bankers and regulators, announced on Monday that it wants to modernize its facilities and bring all its 600 staff into one location.
In light of the new way of working brought about by the Covid-19 pandemic, the institution’s aging buildings near the Swiss city’s main train station are no longer fit for purpose. The copper-colored tower, opened in 1977, will remain, the BIS said in a statement.
“We envision a modern, flexible workspace and meeting place that brings everyone together on a single campus site,” General Manager Agustin Carstens was quoted as saying. “We would like to see a design that is both environmentally sustainable and fits well into the cityscape and local surroundings.”
Architects from around the world have until Aug. 6 to send in submissions demonstrating their experience with similar projects. Shortlisted applicants can then participate in a study, which would last 12 months.
Currently, some BIS staff are based in a building designed by Mario Botta several blocks away. The BIS did not say what will happen to that facility.
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