Bloomberg Commercial real estate deals in New York City have taken a major hit as the pandemic continues to roil the local economy. Investment sales totalled $10.5 billion in first half of 2020, down 54% from a year earlier and a record low since the Real Estate Board of New York (REBNY) began reporting the data in 2015. “We continue to ...

Bloomberg Canada’s budget deficit hit C$120.4 billion ($92 billion) in the three months through June, already more than double the largest yearly shortfall the country has ever run. Program expenses surged to C$167.9 billion, up 117% over the same time last year, as the government rolled out massive support for individuals and companies to mitigate the economic damage of the ...

Bloomberg Regulators signalled they would take a neutral stance on a new London license for Uber Technologies, offering a route for the ride hailing firm to continue to operate in its biggest European market. The London transport authority plans to leave final decision to a judge, an attorney for Uber said. The decision essentially mirrors the process through which Uber ...