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Read previewOffices have been the weak spot in the commercial real estate market since the pandemic gave rise to widespread remote work and caused companies to reassess how much space they need. The Federal Reserve's likely interest rate cut, expected at the end of its meeting on September 18, could give office owners some relief with lower interest rates when they refinance. But that doesn't mean they're in the clear, according to commercial real estate experts. Right now, most commercial real estate loans come from small, regional banks, but that could change. AdvertisementYet even with the weakness in the office market, lower interest rates are a net positive for the industry, economist Richard McGahey says.
Persons: , Lisa Pendergast, Pendergast, Lisa Knee, Knee, It's, Richard McGahey, McGahey Organizations: Service, Business, CRE Finance
Transgender cricketer retires after ICC ruling
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +2 min
The International Cricket Council (ICC)'s decision, made at a board meeting on Tuesday, follows similar rulings over the last couple of years by the global chiefs of swimming, rugby union, cycling and athletics. "Inclusivity is incredibly important to us as a sport, but our priority was to protect the integrity of the international women's game and the safety of players." Critics of transgender inclusion in women's sport say going through male puberty imbues athletes with a huge musculo-skeletal advantage that transition does not mitigate. The ICC said the ruling, which followed a nine-month consultation process and applies only to international cricket, would be reviewed after two years. Australian-born McGahey, who has played international cricket for Canada for more than a year, said the campaign for transgender inclusion in women's sport would continue.
Persons: Danielle McGahey, McGahey, Nick Mulvenney, Ken Ferris Organizations: International Cricket Council, ICC, Thomson Locations: Canadian, Canada, Sydney
Russian billionaire Mikhail Fridman said a UK police warrant to search his home was unlawfully obtained, per Reuters. He wants to overturn the warrant which he said was obtained based on allegations from a 2007 report. Back in December, the UK National Crime Agency, or NCA, searched Fridman's multi-million dollar home over several allegations — including conspiracy to evade UK sanctions and money laundering — per Reuters. Cathryn McGahey, the NCA's lawyer, said in court filings the UK government agency admitted its raid on Fridman's house was "unlawful," per Reuters. An NCA spokesperson told Insider that it accepted that the search warrant contained technical errors.
Persons: Mikhail Fridman, Fridman, Hugo Keith, Cathryn McGahey, Keith Organizations: Reuters, Service, London's, National Crime Agency, European Union, Alfa Group, WikiLeaks, Merriam, Webster, NCA, Agency Locations: Wall, Silicon, Russian, London, Russia, Ukraine, Russia's
Trump recently announced a plan to build up to 10 new American cities on federal land. But some right-wing critics have attacked it as a "leftist plan" to create walkable "15-minute cities." Fox News left its in-house comedian, Greg Gutfeld, to handle the coverage of Freedom Cities. A conservative member of the UK parliament recently called 15-minute cities an "international socialist concept" that "would take away your personal freedoms." But Freedom Cities don't sound like 15-minute cities at all.
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