Thomas Edison, arguably the greatest entrepreneur of modern times, once astutely said that innovation is 1 percent inspiration and 99 percent perspiration, because there’s a balancing act that often goes on between creativity and execution. Diving deep into what the perspiration looks like from the perspective of an entrepreneur is different than it is with an economist, but one would assume that in industries that are focused on emerging markets, entrepreneurs have the upper hand. Great entrepreneurs know how to listen to the perspective of their customers and users while still taking into account the perspective of their advisors and
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
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The Cannes Marché du Film, along with a sales initiative led by Hollywood agencies, is hosting the first major virtual market since the start of pandemic, starting on June 23. Distributors and sales agents are looking forward to it: the turn-up for the online Cannes Marché du Film is significant with more than 7,000 accredited participants as of mid-June.
“As nobody can leave their house, a virtual market is the next best thing. It’s a valid and worthwhile effort … people need something to initiate interactions. If this virtual market can help in