Offices in New York could lose almost 40% of their value between 2019 and 2029. Companies are increasingly prepared to pay more per square foot for fancier offices. Firms are poaching upmarket hospitality teams from places like the Four Seasons Hotel Chain or the Mandarin Oriental, says Jera Mconda-Wierry.
The race for AI supremacy is on. Microsoft, Google, Baidu and a host of smaller firms are all placing bets on the technology’s future. Which version emerges on top may well determine how people find information online for decades to come. Luxury offices are a bright spot in the commercial real-estate doldrums. And why inflation is stalking Europe’s sweet treats.
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