Category: Business is Fun

Exodus of US firms from Hong Kong to avoid sanctions imposed in wake of security law would hit office market already hurt by unrest, coronavirus

A potential exodus of American companies from Hong Kong to avoid sanctions from US legislation that seeks to punish those who undermine the city’s freedom is likely to put pressure on landlords to reduce rents of prime office space, analysts said.

The fallout could be as much as a 30 per cent cut in rents, given that American companies are now the single largest occupier of prime office space in the city, according to one estimate. If the scenario plays out, it will further damage an office market that has been battered by a year of social unrest, and the

Read more

Lebanon’s Economic Crisis Is Spinning Out of Control, Fast

(Bloomberg) — Lebanon’s economic crisis is fast slipping out of control, driven by a currency collapse that’s decimating businesses and plunging families into destitution.

While politicians and bankers trade blame on the airwaves, the country’s pound has lost nearly 60% of its value on the black market in the past month, threatening to suck the economy into a hyper-inflation spiral. Food prices are rising so fast that the army took meat off its menus last week. The state-controlled price of a bag of flat-bread was raised by a third.

Blackouts are spreading as fuel runs out. Facing ruinous losses, well-known

Read more

Harris Poll and Yahoo Finance partner for exclusive ongoing polling of investors and publish first survey today

NEW YORK, June 29, 2020 — The Harris Poll and Yahoo Finance, part of Verizon Media, have formed a partnership to conduct an ongoing poll of investors, market and consumer trends. The surveys will be exclusive data sets for Yahoo Finance and will provide an additional stream of data-based coverage crucial to the over 80 million people who turn to the site every month for financial and business news.

“As market research experts, we understand the link between consumer sentiment and the market performance of brands,” says Will Johnson, CEO of The Harris Poll. “We’re here to help Yahoo Finance

Read more

How Israel and the Arab World Are Making Peace Without a Peace Deal

Without much fanfare or notice, the first known commercial aircraft from the United Arab Emirates recently landed at Israel’s Ben Gurion airport. It was carrying Covid-19 supplies for the Palestinian Authority, which, out of pique, rejected them.

As unprecedented as the flight was, it really shouldn’t have come as much of a surprise. For the past five years, contacts between Israel and the Gulf states—especially Saudi Arabia, the UAE and Bahrain—have been booming. The examples of what amounts to a Great Thaw in an otherwise frozen political landscape are plentiful:

Prime Minister Benjamin Netanyahu, together with his wife and the

Read more

Harris Poll and Yahoo Finance partner for ongoing polling of investors

NEW YORK, June 29, 2020 — The Harris Poll and Yahoo Finance, part of Verizon Media, have formed an exclusive partnership to conduct an ongoing poll of investors, market and consumer trends. The new surveys will enable Yahoo Finance to provide an additional stream of data-based coverage crucial to the over 80 million people who turn to the site every month for financial and business news.

“As market research experts, we understand the link between consumer sentiment and the market performance of brands,” says Will Johnson, CEO of The Harris Poll. “We’re here to help Yahoo Finance readers see that

Read more