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☆ Man Behind California Forever, Silicon Valley's City of the Future
▼ + stars: | 2024-05-05 | by ( Hugh Langley | Adam Rogers | ) www.businessinsider.com time to read: +29 min

He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.

Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, —, Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe

☆ Here are Thursday's biggest analyst calls: Ferrari, Netflix, Tesla, Nvidia, TJX, Carvana & more
▼ + stars: | 2024-05-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS upgrades Burlington to neutral from sell UBS said the outlook for Burlington is improving. Jefferies reiterates Netflix as buy After a change in analyst coverage, the firm says it's standing by its buy rating. UBS upgrades TJX Companies to buy from neutral UBS says the off-price retailer is a "growth stock with surprising upside." UBS downgrades CVS to neutral from buy UBS said it sees too much uncertainty for shares of CVS. JPMorgan upgrades Carvana to overweight from neutral JPMorgan upgraded Carvana following earnings on Wednesday.

Persons: Morgan Stanley, Ferrari, Mizuho, C27E, BURL, Jefferies, Rosenblatt, TD Cowen downgrades Wolfspeed, Cowen, Raymond James, Parsons, Ziff Davis, KBW, Piper Sandler, Cantor Fitzgerald, Tesla, Cantor, it's bullish Organizations: Nvidia, Mizuho, UBS, Netflix, Networks, Enterprise, Jefferies, CTV, TJX Companies, Department Stores, CVS, JPMorgan, Susquehanna, MGM, Bank of America, Community Bank, Piper, NYCB, ~$ Locations: Burlington, Las Vegas

☆ I went shopping at Express and saw firsthand why the retailer has filed for bankruptcy
▼ + stars: | 2024-05-02 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Express filed for Chapter 11 bankruptcy in April, and it's closing 95 branded stores in the US. One analyst said Express failed to adapt to the post-pandemic world of remote work. AdvertisementExpress has been a clothing retailer staple in malls across the US for years but filed for Chapter 11 bankruptcy in April and will close 95 stores. So, I visited two Express locations destined to shut soon. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ A boomer explains why he left coastal Florida for a rural Arkansas town of 900 residents
▼ + stars: | 2024-04-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

So he decided to move from his city of 24,000 along the beach to a town of just 900 in rural Arkansas. While many older Americans continue moving to Florida, some have told BI that Florida has lost its feeling of "paradise." AdvertisementLeaving Florida and settling in ArkansasNovak was born in New Jersey but moved to Florida at 19. His wife wanted to sell his 4,000-square-foot Florida home, as their kids had moved out, and he and his wife wanted to downsize. AdvertisementMilan Novak bought his small home for $38,000 a decade ago in Mammoth Spring, Arkansas.

Persons: —, Milan Novak, he's, Novak, they'll, Arkansas Novak, Novak Fulton, there's, you'd, I'd Organizations: Service, Business, Chrysler Dodge, South Central, Realtors, Novak Fulton County, Walmart, Social Locations: Arkansas, Florida, Missouri, New Jersey, Edgewater, Daytona, Florida's, Willow Springs, Missouri's Ozark, Spring , Arkansas

☆ Dubai property boss says floods were overexaggerated: 'Things like that happen in Miami regularly'
▼ + stars: | 2024-04-28 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Flash floods that formed led to water engulfing cars, in some areas fully submerging them, leading hundreds of drivers to abandon their vehicles on roads to escape the rising water levels. The deluge also closed schools and businesses, grounded hundreds of flights, and destroyed cars, businesses and other property. Damac's Sajwani conceded there was chaos at the airport, but said the UAE had recovered much faster than other nations would have. "Fine, we get some, in one of the malls, some damage. He explained that he arrived in Dubai from London just a few hours after the rains had stopped, and visited all the major properties that belong to his company.

Persons: Hussain Sajwani, Damac's Sajwani, CNBC's Dan Murphy, it's Organizations: Damac, United, UAE, Energy Locations: United Arab, UAE, Riyadh, Saudi Arabia, Dubai, London

☆ Say goodbye to Ruby Tuesday and Chili’s. These are the hot new restaurants at the mall
▼ + stars: | 2024-04-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. What’s taking their place illustrates a large shift in US tastes: There’s a boom in smaller and regional restaurant chains with a local following. At the same time, many national chains are prioritizing drive-thru locations over their sit-down restaurants in malls. Chick-fil-A restaurants were only located in mall food courts for the company’s first 20 years. “Traditional mall restaurants were casual dining chains like Chili’s, TGI Fridays, and quick-service restaurants in food courts.

Persons: Ruby, What’s, Paul Hennessy, ”, Chris Simms, Simms, Gabby Jones, Mark Hunter, CBRE, RJ Hottovy, ” Hottovy, David Kim, ” Kim, It’s Organizations: New, New York CNN, Anadolu Agency, Getty, “, Food, JCPenney, Nordstrom, Green, Westfield Garden, Bloomberg, Deloitte, NV Locations: New York, Applebee’s, Orlando , Florida, Paramus , New Jersey, United States, Greenbriar, Atlanta, Korean, Henderson

☆ Dubai’s floods were made worse by climate change, scientists find
▼ + stars: | 2024-04-25 | by ( Angela Dewan | ) edition.cnn.com time to read: +5 min

Using scientific models, the team was unable to determine precisely how much more likely climate change had made the floods. Changing circulation patterns driven by global warming are also increasing rainfall intensity, the analysis noted. Global warming was the only remaining reason they could identify to explain the heavier downpour. However, the focus must be on slowing climate change, she added. “While we can’t stop El Niño, we can stop climate change,” Otto said.

Persons: Amr Alfiky, ”, Sonia Seneviratne, Mansour Almazroui, King Abdulaziz University’s, Friederike Otto, Niño, Otto said, El, ” Otto, Francois Nel, Sultan Al, Jaber, CNN’s Abbas Al Lawati Organizations: CNN, United Arab, United Arab Emirates, Global, Reuters “, Institute for Atmospheric, Science, King Abdulaziz University’s Center, Excellence, Change, Grantham Institute, International Energy Agency Locations: United Arab Emirates, Oman, El, Dubai, UAE, Dubai’s, Zurich, Jeddah, Saudi Arabia, London, Paris, deadlier

☆ Sidestep injury with the lateral lunge
▼ + stars: | 2024-04-25 | by ( Dana Santas | ) edition.cnn.com time to read: +6 min

The side or lateral lunge is one of the best exercises for building lateral stability and mobility in the often neglected frontal plane. The side lunge also improves the mobility and stability of your hips, knees and ankles to avoid related strains and sprains. By strengthening the muscles involved in lateral movement with side lunges, you can accomplish these chores more efficiently while reducing your risk of muscle strain or injury. Training with side lunges can increase your lateral movement strength, enhance your mobility and boost your confidence to be more adventurous outdoors. The side or lateral lunge strengthens the quadriceps, hamstrings, glutes, adductors and core to help you ward off injuries.

Persons: Dana Santas Organizations: Pain, CNN

☆ Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence
▼ + stars: | 2024-04-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In this article FL Follow your favorite stocks CREATE FREE ACCOUNTA Foot Locker, Inc. store. Even the Striper uniform, the iconic black and white striped outfit worn by Foot Locker's store associates, is getting a refresh, Frank Bracken, Foot Locker's chief commercial officer, told CNBC in an interview. A Foot Locker, Inc. store. A Foot Locker, Inc. store. Courtesy of: Foot Locker, Inc.An overall view of a Foot Locker, Inc. store.

Persons: Foot Locker's, Frank Bracken, Foot, Bracken, Mary Dillon, Dillon, She's, Foot Locker, Locker Organizations: Inc, CNBC, Summer, Nike, Adidas Locations: New Jersey, Manhattan, Wayne, New York City, Paris, Melbourne, Delhi

☆ Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
▼ + stars: | 2024-04-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The company said hours for remaining stores won't change and it will continue to accept orders and returns as usual. "The proposed transaction will provide Express with additional financial resources, better position the business for profitable growth and maximize value for the Company's stakeholders," Express said. "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives," he added. Last spring, Express acquired Bonobos' operating assets and related liabilities for $25 million from Walmart in a joint deal with WHP. The deal came as Express' "core business was weak, and cash was tight," GlobalData managing director Neil Saunders said in a Monday note.

Persons: –, Stewart Glendinning, Neil Saunders, Saunders, Kirkland Organizations: Express Inc, Longtime, Express, WHP, Simon Property Group, Brookfield Properties, Les Wexner's, CNBC, Walmart, Powerhouse, Ellis, Partners Locations: New York, U.S

☆ The week that life in Dubai ground to a halt
▼ + stars: | 2024-04-20 | by ( Abbas Allawati | Abbas Al Lawati | ) edition.cnn.com time to read: +9 min

The United Arab Emirates, of which Dubai is part, saw the heaviest rainfall in at least 75 years, with more than a year’s worth of precipitation in 24 hours. Abandoned vehicles on a flooded highway after a rainstorm in Dubai, United Arab Emirates on Wednesday. People stand as flood water caused by heavy rains covers the stairs of a residential building, in Dubai, United Arab Emirates on Wednesday. A man walks in flood water caused by heavy rains, with the Burj Khalifa tower visible in the background, in Dubai, United Arab Emirates, April 17, 2024. Residents move their belongings on a kayak at a flooded residential complex following heavy rainfall, in Dubai, United Arab Emirates on Thursday.

Persons: hadn’t, Christopher Pike, ”, Sofie, Sheikh, Avinash Babur, Amr Alfiky, Babur, Amr Alfiky Amr Alfiky, Ali Salem, “, wasn’t Organizations: UAE CNN, United, United Arab Emirates, Bloomberg, Getty, Dubai Marina, CNN, “, Dubai “, REUTERS, Reuters, . Schools Locations: Dubai, UAE, United Arab Emirates, Ras Al, Khaimah, Persian, United Arab, Western, lockdowns, freezers, United States, China, Burj Khalifa, Jumeirah

☆ I'm a Democrat who moved to Florida to be closer to my boyfriend. I was nervous about the politics and weather but have been most dismayed by the cost of living.
▼ + stars: | 2024-04-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

David Maughan, 32, moved from Richmond, Virginia, to Oakland Park, Florida, last year. As a progressive, Maughan said he was nervous about Florida's culture war politics. Everyone says the weather in Florida is great, but they don't realize that Florida is hot hot. David Maughan and his boyfriend Brandon were long-distance for three years before David moved to Florida in August 2023. David Maughan said he's been able to make friends in the Florida LGBTQ community by joining an adult sports league.

Persons: David Maughan, Maughan, he's, —, David, Brandon, Richmond, I'm, They've, it's, I've, disenfranchisement, hasn't, David Maughan Florida, We've, It's, He's Organizations: Service, Sunshine State, Business, Democrat, Democratic, Oakland Park, Broward Young Democrats, Sunshine Locations: Richmond , Virginia, Oakland Park , Florida, Florida, South Florida, Central Pennsylvania, Virginia, Richmond, Oakland, Fort Lauderdale, Broward County, Wilton Manors

☆ ‘Ghostly’ city: How Russia’s war in Ukraine is taking a toll on its own Belgorod region
▼ + stars: | 2024-04-20 | by ( Anna Chernova | ) edition.cnn.com time to read: +12 min

In recent weeks, the Belgorod region has been subject to almost daily shelling and drone attacks. Russian authorities blame Ukraine and report having repelled the attacks, while also admitting destruction and casualties caused by them. The Belgorod region has borne the brunt of the war compared to more distant Russian regions, which have been relatively untouched. The governor of Belgorod region, Vyacheslav Gladkov, said on March 23 that 24 people had been killed and 152 injured in the span of less than two weeks. Following a major air attack on Ukraine by Russia overnight into December 29, Kyiv retaliated a day later by targeting the Belgorod region.

Persons: Vyacheslav Gladkov, ‘, Timur Khaliullin, ” Khaliullin, “, Khaliullin, Natalia Izotova, ”, Izotova, Gladkov, Kyiv's, Emil Leegunov, we’ve, It’s, ” Elizaveta, Yevhen Titov, Vasily, we’re, ” Vasily, Vladimir Putin, ” Izotova Organizations: CNN, Belgorod Philharmonic, Kyiv, Getty, Victory, Nazi, Reuters, Belgorod Locations: Belgorod, Russia’s, Ukraine, Russia, ”, Russia, Russian, Anadolu, Elizaveta, Kharkiv, Ukraine’s, St, Petersburg, Bryansk, Makhachkala, Grayvoron, Nazi Germany, Ukrainian

Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.

Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, ”, “ Wonka, Barbie, “ Oppenheimer, —, goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American

☆ What It Would Really Take to Have an American Civil War - The New York Times
▼ + stars: | 2024-04-17 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

This week Donald Trump was put on trial by a liberal prosecutor on what seems like the most nakedly political of the multiple charges that he’s facing. This fairly pitiful scene made an interesting accompaniment to the country’s biggest movie at the moment, Alex Garland’s “Civil War,” which depicts a version of contemporary America riven by civil strife, with various secessionist forces at war against a dictatorial president who’s stayed on for a third term. That president is clearly a Trump-like figure, but the movie is extremely light on politics; it’s mostly interested in juxtaposing scenes of brutality — mass graves, tortured prisoners, firefights and summary executions — with the familiar American landscapes of shopping malls, carwashes and the pillars of the White House. We aren’t supposed to ask for detailed how-we-got-here explanations; we’re just supposed to meditate on how easily It Could Happen Here. Some people who like “Civil War” find the political lacuna admirable, since it cuts the movie free from current ideological preoccupations and lets us take the antiwar message straight.

Persons: Donald Trump, MAGA, Alex Garland’s “, who’s, it’s, we’re, ” Organizations: Trump, White Locations: York, carwashes

☆ TGI Fridays to go public through merger with its U.K. franchisee
▼ + stars: | 2024-04-16 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

TGI Fridays logo is seen on one of their branches. TGI Fridays and Hostmore, the chain's U.K. franchisee, announced plans to merge on Tuesday. If it closes, TGI Fridays, best known for its potato skins, chicken wings and endless appetizers, will be publicly traded on the London Stock Exchange under the ticker "TGIF." In 2022, TGI Fridays' revenue rose 3.6% to $75.2 million, according to U.S. franchise disclosure documents. Earlier this year, TGI Fridays closed 36 underperforming restaurants in the U.S.

Persons: Weldon Spangler, Spangler, Carlson, TriArtisan Organizations: London Stock Exchange, TriArtisan Capital Advisors, U.S Locations: Dallas , Texas, U.S, P.F

☆ Dropbox CEO says employees appreciate remote work more than cushy office perks: 'they value flexibility a lot more than snacks'
▼ + stars: | 2024-04-16 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewDropbox cofounder and CEO Drew Houston said he views his employees like customers, and that means giving them what they want — which isn't in-person work. Many companies are pushing employees to return to office in a hybrid structure, including giants like Google, Apple, and Amazon. Transitioning to virtual first meant getting rid of the "super vibrant in-person culture" Dropbox had before, the CEO said. But Houston said people voted "voted with their feet that they value flexibility a lot more than snacks in the office." AdvertisementThe CEO said one of the problems with hybrid work is it puts employees on a leash to tied to the nearby office space.

Persons: —, Drew Houston, Houston, Dropbox, Aaron Wojack, would've Organizations: Service, Business, Apple, Dropbox, Michelin, Google, Chicago Locations: San Francisco, Boston, LA, Houston

☆ How American malls survived the slow death of department stores
▼ + stars: | 2024-04-14 | by ( Delon Thornton | ) www.cnbc.com time to read: +2 min

Department stores — which were historically the most important real estate in the nation's malls — are a different story. Department stores are struggling to compete against new online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever-changing demand of consumers. Top-tier malls, known as Class A malls, are pivoting toward an experiential model, replacing department stores with grocery stores, casinos, gyms, ice skating rinks and, in some cases, even residential apartments. Lower-tier malls are feeling the effects of department store closures more acutely as inflation and economic pressures increasingly split consumers into two categories: luxury shoppers and discount shoppers. Watch the video above to find out more about how malls survived the death of the department store.

Persons: Michael Guerin, That's, America's, Haendel St, Juste Organizations: . Department, JCPenney, Sears, Macy's, Mizuho Securities Locations: Macerich

☆ How U.S. malls survived the death of department stores
▼ + stars: | 2024-04-14 | by ( Delon Thornton | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow U.S. malls survived the death of department storesAmerican malls are pivoting toward an experiential model less dependent on department stores. U.S. department stores are struggling to compete against newer, online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever changing demand of consumers. And this is causing familiar retailers like JCPenney, Sears and Macy's to close, the latter of which recently announced it would close up to 150 stores.

Persons: Macy's Organizations: JCPenney, Sears Locations: U.S

☆ The American dollar store has fallen on hard times
▼ + stars: | 2024-04-14 | by ( Kevin Williams | ) www.cnbc.com time to read: +5 min

Dollar Tree Inc. expects to close about 600 Family Dollar stores in the first half of fiscal 2024 and shut down an additional 370 Family Dollar and 30 Dollar Tree locations as their leases expire. "Dollar General and Family Dollar are neighborhood consumable stores, while Dollar Tree is a modern version of the old-fashioned variety stores," Strong said. Dollar General and Family Dollar have an 80 percent consumable merchandise mix: food, cleaning supplies, and healthcare. While Dollar General caters to a primarily rural clientele, Family Dollar stores are generally in urban areas. There are larger-format Dollar General stores, food-focus stores branded as Dollar General Market, and a Popshelf, a new concept store focusing on items that rival Dollar Tree is better known for (think wrapping paper and party favors).

Persons: Ruth Colvin, Graves, Colvin, isn't, Ellen Forroux, Forroux, Mary, John Strong, Strong Organizations: Inc, Walmart, Social, Dollar, Aldi Locations: Hyattsville , Maryland, Columbus , Ohio, Medford , Oregon, Los Angeles

☆ Macy's proxy fight is over, but the battle for the department store's future wages on
▼ + stars: | 2024-04-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.

Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, —, GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City

☆ China's commercial property segment is seeing some bright spots amid a slump in the wider realty sector
▼ + stars: | 2024-04-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's commercial property sector is seeing pockets of demand amid an overall real estate slump. Commercial real estate, which includes office buildings and shopping malls, makes up just a fraction of China's overall property market. Sales for both commercial and residential properties had fallen for much of last year, according to Wind. Covid-19 restrictions on movement had also cut demand for China's commercial property, in line with global trends. China's economy, however, took longer than expected to rebound from the pandemic, amid a broader slump in the property market.

Persons: JLL Organizations: Visual China, Getty, BEIJING Locations: Beijing, China

☆ Hamas Political Leader Says Israeli Strike Kills His 3 Sons
▼ + stars: | 2024-04-10 | by ( Peter Baker | ) www.nytimes.com time to read: +5 min

Palestinians gathered for Eid prayers across Gaza on Wednesday, where many mosques have been destroyed after six months of war. Ms. Abu Awda’s family managed to take some clothes with them when they fled their home in Jabaliya two months ago. “What kind of Eid is this?” Ms. Abu Awda said, adding, “We have lost so much. We have lost family and loved ones. The Gaza Ministry of Health says that more than 33,000 people have been killed in Gaza over six months of Israeli bombardment.

Persons: Eid, Fitr, Amani Abu Awda’s, Abu Awda, ”, “, —, Abu Awda’s, Ms, Alina Al, Yazji, Haitham Imad, Muna Daloob, Mohammad Shehada, we’re, Shehada, enjoyments Organizations: Hospital, Al, Aqsa Martyrs Hospital, ., Agence France, Gaza Ministry, Health Locations: Gaza, Rafah, Jabaliya, Aqsa, Deir al, Gaza City, Israel, Egypt

☆ Middle East Crisis End of Ramadan Is Marked by War and Hunger in Gaza
▼ + stars: | 2024-04-10 | by ( Raja Abdulrahim | Ameera Harouda | ) www.nytimes.com time to read: +5 min

As Eid al-Fitr approached, Amani Abu Awda’s four children began asking her for new clothes and toys — festive items that Muslims customarily buy to celebrate the holiday that marks the end of the holy month of Ramadan. “Oh God, I couldn’t get anything for them because of the high prices,” she said Saturday, days before most Muslims worldwide would celebrate Eid al-Fitr. We have lost family and loved ones. Image Displaced Palestinians prepare traditional cakes before Eid al-Fitr, in Rafah, southern Gaza, on Tuesday. “I have a lot of hopes for Eid,” he said, “but firstly for them to end this revolting war.”

Persons: Eid, Fitr, Amani Abu Awda’s, ”, “, —, Abu Awda’s, Ms, Abu Awda, Alina Al, Yazji, Haitham Imad, Muna Daloob, Mohammad Shehada, we’re, Shehada, enjoyments Organizations: Hospital, Al, Aqsa Martyrs Hospital, ., Agence France, Gaza Ministry, Health Locations: Gaza, Rafah, Jabaliya, Aqsa, Deir al, Gaza City, Israel, Egypt

☆ Ramadan in Malaysia: Raids and fines for those caught breaking fast spotlight growing religious conservatism
▼ + stars: | 2024-04-08 | by ( Heather Chen | ) edition.cnn.com time to read: +9 min

In many parts of Malaysia, Muslims caught eating or drinking during daytime hours can find themselves on the wrong side of the law. Those caught eating or drinking during daytime hours face fines of up to 1,000 Malaysian Ringgit (about $200) and prison terms of up to a year. CNN reached out to multiple state religious bodies across Malaysia for comment. Complaints were made to the state religious department, media reports said, and the scandal caused a national stir – drawing scorn from conservative politicians and prompting public apologies from the celebrities. “As long as you look Malay, you must fast during Ramadan – those are the rules,” Yusuf told CNN.

Persons: Rahmad Mariman, ” Mariman, TikTok, ” JAIPK, Hadi Awang, ”, MOHD RASFAN, –, Ameena Siddiqi, Siddiqi, ” Siddiqi, Salahuddin Abdul Aziz, Annice Lyn, Anisah Mahmood, Fadhlina Sidek, “, Haji Ahmad Bin Yahaya, Yusuf, ” Yusuf Organizations: CNN, Malaysian, Islamic Religious Department, JAIM, PAS, Malaysia Islamic Party, AFP, Getty, Annice, Education Locations: Malaysia, Malacca, Perak, Gerik, South, Southeast Asia, AFP, Malaysian, Islam, Kuala Lumpur, Shah Alam, Selangor, London, Malay, Johor

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