Bloomberg Manhattan’s retail pain is worsening as the pandemic drags on, with rents falling in every major shopping district. Soho was hit the hardest in the fourth quarter, with average asking rents dropping nearly 22% to $290 a square foot, according to a report by brokerage Cushman & Wakefield Plc. Rents in the area, known for its many fashion boutiques, ...

Bloomberg Joseph Robinette Biden Jr. was sworn in as the 46th president of the United States, taking control of a nation wracked by a deadly pandemic, persistent unemployment and burgeoning social unrest to cap the most acrimonious transfer of power in modern American history. Biden, 78, took the oath of office around noon from Chief Justice John Roberts on the ...

Bloomberg China urged cooperation with Joe Biden’s administration and said it hoped new US officials would make their own judgments on Xinjiang, after outgoing Secretary of State Michael Pompeo called Beijing’s crackdown in the region “genocide.” “We hope the new US administration will work together with China, with mutual respect, properly handle differences and conduct more win-win cooperation in more ...