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‘World’s highest office yields are in India’

Bloomberg Three Indian cities offer the highest yields for prime office space as a shortage of supply allows owners to push up rents, according to Knight Frank LLP. Technology hub Bengaluru earned the highest yield at 10 percent, followed by New Delhi and Mumbai at 9.2 percent and 8.5 percent respectively, according to ‘Global Cities: The 2018 Report,’ released Thursday. ...

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Trump’s change of heart puts $1trn building plan in limbo

­­­­­­­­­­­Bloomberg Donald Trump’s infrastructure guru spent part of Sept. 26 at a conference in Washington promoting the president’s $1 trillion plan to rebuild the nation’s crumbling roads, bridges and airports relying in part on public-private partnerships. The same day, across town, Trump was telling lawmakers that those kinds of deals don’t work. The president’s apparent change of heart on what’s ...

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Google to retool user security in wake of political hack

Bloomberg Google is preparing to upgrade its security tools for online accounts to better insulate users from cyberattacks and politically motivated hacks, according to two people familiar with the company’s plan. The Alphabet Inc. company next month will begin offering a service called the Advanced Protection Program that places a collection of features onto accounts such as email, including a ...

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Sun co-founder sells secretive hedge fund on big chip trade

Bloomberg Sun Microsystems co-founder Bill Joy recently joined Water Street Capital and has pushed the secretive hedge fund firm to build a large stake in Micron Technology Inc., arguing the market for its main product is set for a sustained boom without the wild ups and crushing downs of the past. The rise of cloud computing, artificial intelligence, and augmented ...

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‘UrWork’ can’t use name on New York office

Bloomberg Chinese co-working company UrWork plans to open its first location in Manhattan early next year, but its name likely won’t be on the door. WeWork Cos., the New York-based startup, sued UrWork this month, arguing that the Chinese company’s name infringes on its trademarks. As part of the case, a judge ruled that Serendipity Labs, a co-working company that ...

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Uber ‘alibi’ ruled too confusing for Waymo

Bloomberg Uber Technologies Inc. lost one of its best alibis for why its former self-driving engineer downloaded files that Waymo claims are stolen trade secrets. But the company did get a pair of earrings to use in a trial against the Alphabet Inc. unit next month. As the two companies formulate arguments for a trial starting October 10, US District ...

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Amazon’s first NFL game draws 372,000

Bloomberg Amazon.com Inc.’s first National Football League broadcast drew 372,000 viewers who watched the game an average of 55 minutes on the internet giant’s Prime Video service—a small part of the overall audience for Thursday’s game. About 1.6 million viewers at least initiated a stream of the Green Bay Packers’ 35-14 victory over the Chicago Bears, the NFL’s oldest rivalry. ...

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Big Ben tower repair costs doubled to $82 mn

Bloomberg The cost of repairing Big Ben, the iconic clock tower of Britain’s Parliament, doubled following a detailed analysis by surveyors. Repairs to the Elizabeth Tower, as the tower is properly known, will cost $82 million, up from an original estimate of 29 million pounds, the House of Commons said on Friday in an emailed statement. The name “Big Ben” ...

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On N Korea, Trump needs to stop ranting, start dealing

Top US officials have said repeatedly that America is seeking a diplomatic solution to the nuclear crisis with North Korea. But President Trump’s insulting comments towards North Korean leader Kim Jong un appear to have made such a negotiated settlement more difficult. In the chaotic government-by-Twitter atmosphere of the Trump administration, no senior leader has publicly questioned whether the president’s ...

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Embracing populism means ignoring common good

One of the unfortunate aspects of Trumpian populism is the effect it is having on our discussion of economic policy, and thereby on our understanding of the underlying goals that policies are meant to advance. This is perhaps most stark in discussions of international trade. The right used to discuss trade as a way to enrich the nation and raise ...

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