December 1, 2023


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WeWork is reportedly planning to file for chapter

4 min read
WeWork is reportedly planning to file for bankruptcy

Good morning, Quartz readers!

This is what you could know

An Israeli air strike on a refugee camp in Gaza killed dozens. Israel Ground operations in Gaza It continues, and Hamas says it would Some foreign hostages will be released soon.

WeWork is reportedly planning to file for chapter. Based on the Wall Avenue Journal, the once-hot workplace house firm is simply so Heading towards Chapter 11 Early subsequent week.

Actual property shares did not have a fantastic day. Zilo et al I felt the effects In Missouri v. Nationwide Affiliation of Realtors of the US, the jury discovered actual property brokers responsible of working collectively to maintain commissions excessive.

Wages in the US rose barely within the final quarter. That is nice information for staff, however robust for the Fed Anti-inflation technique.

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S is price lower than half of what Elon invested in it

New worker compensation plans on the social media platform previously often called Twitter supply restricted inventory models at $45 per share. Do some math, and that places the corporate’s valuation at lower than half of Elon Musk’s $44 billion price ticket when he purchased it one yr in the past.

What a yr it has been. Net visitors and promoting revenues have been down, and the banks concerned in financing the acquisition have been reevaluating their holdings. Do X workers get the brief finish of the stick?

Quote: Seafood is within the steadiness

“As for the statements of the American ambassador to Japan, it should be identified that the responsibility of diplomats is to deepen friendship between international locations, to not distort different international locations and sow discord.” – Chinese language International Ministry spokesman Wang Wenbin responded throughout a press convention on October 31

Japan has had issue discovering consumers for its seafood exports because it started releasing handled wastewater from the Fukushima nuclear plant in late August. Though regulators give these fish a security stamp of approval, China won’t budge, and this can be a main blow to the Japanese financial system. China took 100,000 tons of scallops off Japan’s palms final yr (not all of it was supposed for consumption—many scallops are peeled in China earlier than being exported to the US).

Nevertheless, the US navy is getting into right into a “long-term contract” with Japan’s fisheries and cooperatives, in response to US Ambassador to Japan Rahm Emanuel. The seafood will feed troopers stationed in Japan and aboard ships, in an try to “weaken China’s financial coercion.” Because the contract won’t assist Japan a lot economically, and because the launch of wastewater might take as much as 40 years… asks Ananya Bhattacharya What are everybody’s long run plans truly.

Do you need to go to Thailand?

Thailand actually hopes you’ll, and if you’re an Indian or Taiwanese citizen, you’ll It simply received somewhat simpler Let’s do it. Thailand will cancel entry visas for these two international locations for a interval of six months – between November 10 this yr and Might 10, 2024, within the hope that the wide-open doorways will give its financial system a significant increase.

$1 million: Thailand was already anticipating vacationers from India – the world’s most populous nation – earlier than dropping the necessities

$57: The sooner visa charges that Indian passport holders needed to pay on arrival have now been dropped

30%: A notable rise in resort and flight bookings because the announcement of decrease necessities for Indian and Taiwanese vacationers, in response to the Thai Tourism Minister

4: International locations that Thailand now accepts and not using a visa (China and Kazakhstan benefit from the free go till February 29, 2024)

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Shocking discoveries

Your subsequent information canine may very well be a robotic. We imagine Accessibility Innovation at Binghamton University It sounds extra like a type of cricket, however possibly that is irrelevant.

Taylor Swift is now among the many music billionaires. Bloomberg says it’s official-And in contrast to others within the comparatively small class, she did it fully via music.

Dippin’ Dots remains to be round. The brand new proprietor of the remedy is… Bullish on the future For future ice cream.

Glass will not be a slow-moving liquid. Older glass home windows are thicker on the backside simply due to this How they were made.

Saudi Arabia is the one nation to bid to host the 2034 Males’s World Cup. It was a A strange process and a strange result.

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(tags for translation)WEWORK

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