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☆ Working from home could wipe $800 billion from office values globally
▼ + stars: | 2023-07-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Remote work risks wiping $800 billion from the value of office buildings in major cities worldwide by 2030 as the post-pandemic trend pushes up office vacancy rates and drives down rents, according to a new report. “Urban real estate in superstar cities around the world faces substantial challenges. In a more severe scenario, the value of office space could fall by as much as 42%, the consultancy said. Waning demand for office space has driven down landlords’ asking rents, with US cities suffering the sharpest falls, McKinsey found. In a moderate scenario, demand for office space could be 13% lower by the end of the decade than it was in 2019.

Persons: ” McKinsey, “, ” Organizations: London CNN, McKinsey Global Institute, HSBC, ” McKinsey, McKinsey, Bloomberg’s Technology, San Francisco Mayor London Breed, Westfield Locations: Canary Wharf, Beijing, Houston, London , New York, Paris, Munich, San Francisco, Shanghai, Tokyo, United States, Francisco and New York

☆ London’s Canary Wharf Takes Brunt of Real-Estate Pain
▼ + stars: | 2023-07-12 | by ( Humza Jilani | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

Another source inside Barclays' investment bank, talking anonymously because they are not authorised to speak to the media, said lower staff attrition at its technology and back office operations had started to worry cost-conscious managers. The BCG review could lead to layoffs, the source familiar with the review said, although no decisions have been made. Some top Barclays investors, however, told Reuters they would have misgivings about a plan to prioritise investment over capital distributions. But a recent shake-up at its investment bank has raised concern about Barclays' ability to compete amid a worldwide dealmaking slump. They are not valued properly together," said Alan Beaney, chief executive at RC Brown Investment Management, which has held Barclays shares since 2012.

Persons: C.S, shivers, Richard Marwood, Venkat, Edward Bramson, Richard Buxton, Alan Beaney, Elisa Martinuzzi, Mark Potter Organizations: Barclays, Boston Consulting, Reuters, Royal London Asset Management, Lehman Brothers, Jupiter Asset, RC Brown Investment Management, BNP, HSBC, Reuters Graphics Barclays, Jefferies, Thomson Locations: U.S, Africa

☆ Spanish coastguard rescues two Nigerian migrants from ship's rudder
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +2 min

Polic?a... Read moreMADRID, July 11 (Reuters) - The Spanish coastguard rescued two Nigerian migrants who stowed away on the rudder of a ship that arrived in the Canary Islands from Togo, a coastguard spokesperson and the police said on Tuesday. After being rescued on Monday night in the port of Las Palmas, the migrants were taken to a hospital. The container ship's last stop before reaching the Spanish archipelago off the African coast was Lome, Togo's capital, said the coastguard spokesperson without elaborating. In a similar case in November last year, the Spanish coastguard rescued three African stowaways who had arrived in the Canary Islands after enduring 11 days on the rudder of a fuel tanker from Nigeria. The Spanish-owned Canary Islands are a popular but dangerous gateway for African migrants attempting to reach Europe.

Persons: Read, Joan Faus, Sharon Singleton Organizations: Spanish coastguard, Las Palmas de, Las Palmas de Gran Canaria, coastguard, Twitter, MSC, Guardia Civil, La Provincia, Thomson Locations: Canary, Togo, Las Palmas, Las Palmas de Gran, Spain, MADRID, Palmas, Spanish, Lome, Togo's, Lagos, Nigeria

☆ Spain Rescues Migrants After Search for Missing Boat
▼ + stars: | 2023-07-10 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: +1 min

The migrants were “in good health” on a rescue vessel headed for Arguineguin, a coastal town on Gran Canaria, the Spanish authorities said. They declined to specify where the migrants had traveled from but said they were sub-Saharan Africa. Little more was known about the boats reported missing in Senegal, which is about 1,000 miles away from the Canary Islands. Many migrants have died in recent years trying to cross the Atlantic and the Mediterranean in attempts to get to Europe. In one of the worst such maritime tragedies, last month a boat that set sail from Libya capsized, killing hundreds of people off the coast of Greece.

Persons: Caminando Fronteras, Helena Maleno Garzón, ”, Maleno Garzón Organizations: Gran Canaria Locations: Gran, Spanish, Africa, Saharan Africa, Senegal, Canary, Europe, Libya, Greece

☆ At least 300 migrants missing at sea near Spanish Canary Islands, aid group says
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

MADRID, July 9 (Reuters) - At least 300 people who were traveling on three migrant boats from Senegal to Spain's Canary Islands have disappeared, migrant aid group Walking Borders said on Sunday. A third boat left Senegal on June 27 with about 200 people aboard. The families of those on board have not heard from them since they left, Maleno said. All three boats left Kafountine in the south of Senegal, which is about 1,700 kilometres (1,057 miles) from Tenerife, one of the Canary Islands. At least 559 people - including 22 children - died in 2022 in attempts to reach the Canary Islands, according to data from the U.N.'s International Organisation for Migration.

Persons: Helena Maleno, Maleno, Graham Keeley, David Holmes Organizations: Borders, Reuters, for Migration, Thomson Locations: MADRID, Senegal, Spain, Tenerife, Canary, West Africa, Spanish, Saharan Africa

☆ U.S. Black employment falls despite wider job market stability
▼ + stars: | 2023-07-07 | by ( Safiyah Riddle | ) www.reuters.com time to read: +4 min

The Black unemployment rate rose to 6.0% last month, the highest since last August, from 5.6% in May, even as the overall jobless rate ticked down a notch to 3.6%. In fact, the majority of the 239,000 person decrease in Black employment came from the people who left the labor force altogether in June, according to the report. The exact cause of the recent weakening in Black employment is not yet clear. Reuters GraphicsNonetheless, a spike in the Black unemployment rate can be a strong predictor of an impending recession, since Black workers have historically been the first to be fired during an economic downturn. Su also said the rise in Black unemployment and the decline in participation is something the Biden administration would "continue to track."

Persons: William M, Rodgers III, Louis, Rodgers, it's, Rakeen Mabud, Julie Su, Su, Biden, Safiyah Riddle, Chizu Nomiyama, Dan Burns Organizations: U.S, Labor, Labor Department, Blacks, Reuters, Louis Federal Reserve's Institute of Economic Equity, Reuters Graphics Reuters, Thomson Locations: U.S

☆ Reaction: June US jobs growth cools, but wages won't comfort Fed
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +6 min

Nonfarm payrolls increased by 209,000 jobs last month, the Labor Department said on Friday. "Today's numbers confirm the job market is still strong... and this report gives the green light to the Fed to raise rates. "If anything, it probably confirms this idea that the Fed has had that they are making progress in the right direction." "It's not like this is a sudden vast improvement in the labor market." The hours worked numbers are rising slower than the payrolls numbers.

Persons: Nonfarm, payrolls, CANDICE, GOLDMAN, BEN JEFFERY, “, PETER CARDILLO, we're, STUART COLE, JASON PRIDE, MICHAEL BROWN, ”, ” BRIAN JACOBSEN, MENOMONEE Organizations: YORK, Labor Department, Reuters, Treasury, BMO, NFP, Fed, Global Finance, Markets, Thomson Locations: GOLDMAN SACHS, PHILADELPHIA, WISCONSIN

☆ Rapidly retreating Arctic glaciers are triggering the release of ancient methane. Here's why scientists are worried.
▼ + stars: | 2023-07-07 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

The springs were exposed by retreating glaciers in Svalbard, a Norwegian archipelago in the Arctic Ocean. Scientists think the methane in the Svalbard springs comes from somewhere else. The researchers estimate springs across the archipelago alone could represent about 2,000 tonnes of methane emissions a year. Scientists have found springs full of methane bubbling near retreating glaciers in Svalbard. Kleber suspects these methane emissions are only one of several "invisible feedback loops that we're just not aware of."

Persons: —, hasn't, Gabrielle Kleber, Kleber, Andy Hodson, ", Rick Spinrad Organizations: Service, University of Cambridge, Nature Geoscience, International Energy Agency, NOAA Locations: Svalbard, Norwegian, Alaska, Norway

☆ Canary Wharf faces stiff test to reinvent itself: podcast
▼ + stars: | 2023-07-06 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, July 6 (Reuters Breakingviews) - HSBC is quitting the financial hub and moving to smaller quarters. In this Viewsroom podcast, Breakingviews columnists discuss how hybrid working is an existential threat for commercial property and how Canary Wharf’s pivot to residential and retail may only be a partial salve. Listen to the podcastFollow @aimeedonnellan on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Oliver Taslic Organizations: Reuters, HSBC, Twitter, Thomson

☆ Felipe Romero Beltrán’s photographs document Spain’s ‘Kafka-esque’ migration system
▼ + stars: | 2023-07-03 | by ( Oscar Holland | ) edition.cnn.com time to read: +10 min

Felipe Romero Beltrán/Courtesy Loose Joints Beltrán's subjects recreate the moment one of them landed on Spain's coast. Felipe Romero Beltrán/Courtesy Loose Joints "The system is built to avoid you, or to deny you access to (it)," Beltrán said. Felipe Romero Beltrán/Courtesy Loose Joints The men are pictured working out and giving one another hair cuts. Felipe Romero Beltrán/Courtesy Loose Joints Beltrán often turned his lens on conditions inside the facility in which the nine migrants lived. Felipe Romero Beltrán/Courtesy Loose Joints "Dialect," published by Loose Joints, is available now.

Persons: Felipe Romero Beltrán’s, Beltrán, ” Beltrán, Felipe Romero Beltrán, Youssef Elhafidi, ” Elhafidi, “, —, ”, “ Authorizations, ‘, Elhafidi Organizations: CNN, “, Spanish, Beltrán, UNHCR Locations: Spain, Seville, Andalucía, Madrid, “, Spanish, Spain's, Morocco, Strait, Gibraltar, Colombia, ”

LONDON, July 3 (Reuters Breakingviews) - Canary Wharf may be in trouble once again. While CWG’s average tenancy agreement still has 10 years left, the risk is that itself and the wider Canary Wharf area slip into a vicious circle. Rental incomes on apartments are roughly on a par with offices, per square foot, according to a person familiar with the matter. The 45-storey skyscraper in Canary Wharf has been HSBC's home for more than 20 years. Canary Wharf Group, which runs the east London financial district, declined to comment.

Persons: Paul Reichmann’s Olympia, Morgan Stanley, CWG, Knight Frank, Hong Kong’s Cheung, Bear Stearns, that’s, Liam Proud, Pranav Kiran Organizations: Reuters, Docklands, HSBC, York, Saudi Arabian, Canary Wharf Group, Barclays, Estates, Brookfield Property Partners, Qatar Investment Authority, Brookfield, Canary, QIA, Moody’s, Reuters Graphics Reuters, Hong Kong’s Cheung Kei Group, Churchill, NYK, Transport, BT, Thomson Locations: London, Canary, Canadian, Saudi, U.S, Brookfield, That’s, Docklands, Stratford, Wharf, QIA, Canary Wharf, Europe's

Some also said the tragic end, when it came, was precipitated by the actions of the Greek coastguard. after a Greek coastguard vessel attached a rope to the bow of the trawler and began to pull it while picking up speed. The shipping ministry, which oversees the coastguard, told Reuters it couldn't comment on issues that were the subject of a confidential and ongoing investigation by prosecutors. Nikos Spanos, a retired admiral in the Greek coastguard, told Reuters it was unlikely that a coastguard vessel would have attempted such a dangerous manoeuvre as towing the stricken trawler. Three survivors told authorities they paid anywhere from 50 to 200 euros ($55-220) extra for places on the outer deck, considered safer.

Persons: Stelios Misinas, Adriana, haven't, Mohamed, Nikos Spanos, Renee Maltezou, Jonathan Saul, Riham, Rachel Armstrong, Pravin Organizations: Hellenic Coast Guard, REUTERS, Greek coastguard, coastguard, Reuters, GO, Thomson Locations: Greece, Kalamata, KALAMATA, North Africa, Italy, Greek, GO ITALY, Pylos, Syria, Egypt, Pakistan, Tobruk, Europe, Tunisia, Libya, Athens, London, Berlin

☆ What could break as interest rates rise?
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +5 min

Sweden, where rates rose again on Thursday, is one to watch with most homeowners' mortgages moving in lockstep with rates. Reuters Graphics2/ REAL ESTATE: PART 2Having taken advantage of the low rates era to borrow aplenty and buy up property assets, the commercial real estate sector is grappling with higher debt refinancing costs as rates rise. "The single most important thing is interest rates. But not just interest rates; what it is equally important is the predictability of rates," said Thomas Mundy, EMEA head of capital markets strategy at real estate firm JLL. "If we were settled on an interest rate, real estate prices could adjust.

Persons: Richard Portes, Thomas Mundy, Banks, Florian, Ielpo, Jerome Powell, Markus Allenspach, Julius Baer, Nick Kraemer, Wagner, Vladimir Putin's, Putin, Tina Fordham, Chiara Elisei, Naomi Rovnick, Nell Mackenzie, Karin Strohecker, Vincent Flasseur, Kripa Jayaram, Sumanta Sen, Pasit, Dhara Ranasinghe, Alison Williams Organizations: International Monetary Fund, Reuters, Federal, Finance, London Business School, Lombard, Federal Reserve, Casino, Sweden's SBB, Fordham Global Foresight, Thomson Locations: Britain, Norway, Russia, Sweden, lockstep, London's, City, RUSSIA, Ukraine

Silicon Valley is bracing for what it fears will be an "extinction event" threatening the survival of hundreds of startups. Tom Loverro, a investor at 40-year-old Bay Area venture capital firm IVP, has been loudly warning for months on Twitter and in media interviews about a coming "mass extinction event" for startups. The total volume of venture capital investment into US startups has slumped for six consecutive quarters, according to data firm Pitchbook. Even a last-ditch slashing of the startup's prospective valuation — a "down-round," in Silicon Valley parlance — didn't whet investors' appetites. Over the past year, many startups that rely on Silicon Valley funding have been steeling themselves for the slowdown to avoid similar fates.

Persons: —, they're, Jennifer Neundorfer, That's, Tom Loverro, Loverro, Consuelo Vanderbilt, Vanderbilt, Cameron Lester, I've, Lester, Linda Ahrens, Ahrens, Unown, " Ahrens, Anna Dittrich, Plastiq, Vincent Harrison, Elad Gil, Steve Brotman, Brotman, Will Hawthorne, VC's, Mike Ryan, Pitchbook's Harrison, Sell, Hawthorne Organizations: Ventures, Sequoia Capital, —, Venture, Twitter, United States Federal Reserve, Jefferies, January Ventures, Alpha Partners, Avid Capital, Sugar, Menlo, BulletPoint Network Locations: Silicon, Sequoia, IVP, Valley, Instacart, Navan, Boston, Snowflake, America

[1/2] The HSBC headquarters is seen in the Canary Wharf financial district in east London February 15, 2015. The ripple effects of so many companies slashing office space has significantly impacted wider markets. 'GENIE OUT OF THE BOTTLE'HSBC for its part has one of the most aggressive targets to cut office space among major employers, with a commitment to axe around 40% globally. Canary Wharf Group, the Docklands commercial landlord, declined to comment. One of the Canary Wharf estate's newer developments, the YY building - a recently completed redevelopment of Thomson Reuters' former headquarters opposite Canary Wharf station - remains vacant, Bloomberg has reported.

Persons: Peter Nicholls, Tony Travers, Travers, Knight Frank, Weil, Gerardine Davies, HSBC's, Moody's, YY, Andrew Mawson, Iain Withers, Chiara Elisei, Sinead Cruise, Paul Sandle, Mark Potter Organizations: HSBC, REUTERS, Companies, London School of Economics, of, Perenna Capital Management, BT, UBS, City of London Corporation, Canary, Canary Wharf Group, Docklands, Thomson Reuters, Bloomberg, Workplace Associates, Employees, Thomson Locations: Canary, London, St Paul's Cathedral, of London, Real, Sweden, Aldgate, City, Swiss, Docklands, Canary Wharf

☆ Morning Bid: World markets calm after Russia drama
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +5 min

More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. For Russian markets themselves, the rouble slipped to 15-month lows - but it too had been falling last week as oil prices ebbed. Largely now isolated from western investment, Russian stocks fell about 1%. U.S. Treasury yields slipped lower, perhaps with a smidgen of a safety bid from the weekend events helping too. Turkey's lira slid again to record lows after the central bank took steps to simplify rules governing lenders' holdings and foreign deposits after a sharp but underwhelming interest rate rise last week.

Persons: Mike Dolan, uneasily, Vladimir Putin, Leonardo, Raphael Bostic, James Bullard, Loretta Mester, Ed Osmond Organizations: Wall, Saab, Rheinmetall, Brent, . U.S, Treasury, Bank for International Settlements, HSBC, Dallas Federal, Central Bank, Central Banking, Atlanta Federal Reserve, St Louis Fed, Cleveland Fed, PMI, Thomson, Reuters Locations: U.S, Ukraine, Moscow, Shanghai, Europe, United States, ., Canary Wharf, London, Sintra, Portugal

☆ HSBC to ditch Canary Wharf tower in favour of central London - memo
▼ + stars: | 2023-06-26 | by ( Iain Withers | ) www.reuters.com time to read: +1 min

LONDON, June 26 (Reuters) - HSBC has decided to leave its longstanding headquarters in Canary Wharf in east London in favour of a move to a much smaller office in the centre of the city, according to a memo seen by Reuters. Europe's largest bank told staff its preferred option was to move to the redeveloped former offices of telecoms firm BT, a development known as Panorama St Paul's. The switch will be seen as a blow to the Canary Wharf financial district, where a 45-floor skyscraper has been HSBC's home for more than 20 years. Panorama St Paul's is a 556,000 square foot development featuring roof gardens overlooking St Paul's Cathedral, according to the development's website, and is substantially smaller than the tower HSBC currently occupies. Canary Wharf Group, which runs the east London financial district, declined to comment.

Persons: Iain Withers, Toby Chopra, Jason Neely Organizations: HSBC, Reuters, BT, The Times, Canary, Canary Wharf Group, Thomson Locations: Canary Wharf, London, Europe's, St Paul's

☆ HSBC is downsizing its headquarters and leaving London’s Canary Wharf
▼ + stars: | 2023-06-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

CNN —HSBC is halving the size of its global headquarters and moving out of Canary Wharf, a business district built in the abandoned docklands of east London in the 1980s. It follows similar moves by other big companies to get rid of expensive office space in cities around the world. The bank has long been a mainstay of Canary Wharf, where it occupies 1.1 million square feet of office space. HSBC is a key tenant in Canary Wharf, and its planned departure raises questions about whether other companies will also think about leaving. Canary Wharf Group, which manages real estate in the area, declined to comment when asked about the matter Monday.

Persons: San Francisco —, Knight Frank, Noel Quinn, Quinn, Jones Lang, Elizabeth, — Hanna Ziady Organizations: CNN, HSBC, Europe’s, Panorama St, City of, San, Canary, Canary Wharf Group, Lloyds, Standard Chartered, Barclays, BCS, Jones Locations: Canary Wharf, London, Panorama, City, City of London, Asia, Wharf, Canada, San Francisco, Canary, Jones Lang LaSalle .

☆ Ombudsman to investigate if Spain delayed migrant rescue
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

MADRID, June 23 (Reuters) - Spain's ombudsman is to investigate the sinking of a dinghy headed to the Canary Islands from Morocco on Wednesday after more than 30 migrants were feared dead. Migration-focused organisations Walking Borders and Alarm Phone criticised Spain and Morocco this week for not intervening earlier to rescue the vessel's passengers. Two people, a child and an adult man, were found dead while 24 migrants were rescued by Morocco, Spain's maritime rescue service said. The ministry statement said the maritime rescue service complied with international search and rescue procedures. "At no time did the Moroccan authorities ask Spain's rescue service for assistance or mobilisation of resources, except in the final moments when the mobilisation of a helicopter was requested.

Persons: Emma Pinedo, Aislinn Laing, Alison Williams Organizations: Borders, United Nations, Transport, Thomson Locations: MADRID, Canary Islands, Morocco, Spain, Spain's, Melilla, Spanish, Madrid, Rabat

[1/5] Actors sing during a performance of To The Ocean being performed at The Greenhouse, a zero waste pop up theatre in Canary Wharf, London, Britain June 19, 2023. The Greenhouse Theatre, billed as Britain's first zero waste theatre, is staging plays in London over the summer months when long, light evenings reduce the need for electricity. Over the five years since the Gift Horse Theatre was set up as environmentally-conscious theatre, Lury senses actors and audiences have become more willing to confront the climate issue. Other industry observers say building an entire theatre from re-used materials, although exceptional, is aligned with a trend that gathered momentum in lockdown. The Theatre Green Book's co-founder architect Patrick Dillon said it has been adopted across the world and is being translated into 11 languages.

Persons: Anna Gordon LONDON, Oli Savage, Signe Lury, Green Book's, Patrick Dillon, Barbara Lewis, Sarah Mills, Ed Osmond Organizations: REUTERS, Reuters, Theatre, Research, Indigo, Thomson Locations: Canary Wharf, London, Britain

☆ Migrants to Spain's Canary Islands surge, three new boatloads rescued Thursday
▼ + stars: | 2023-06-22 | by ( Borja Suarez | ) www.reuters.com time to read: +3 min

Canary Islands officials said on Thursday that during the night emergency services had assisted 114 migrants in two boats. At least 559 people - including 22 children - died in 2022 in attempts to reach the Canary Islands, according to data from the U.N.'s International Organisation for Migration. JUNE SURGEThere has been a rise in arrivals in the Canary Islands this month. Only in June, close to 2,000 people have arrived," said Canary Islands migration lawyer Loueila Mint El Mamy. Spanish government data showed 5,914 people arrived in the Canary Islands between January and mid-June this year, a 31.5% drop compared to the same period last year.

Persons: Borja Suarez ARGUINEGUIN, Aita Mari, SMH, Nadir, Emma Pinedo, Corina Rodriguez, Aislinn Laing, Frances Kerry Organizations: Gran Canaria, REUTERS, Maritimo, Italian Coast Guard, for Migration, Loueila, Islands, Reuters, Inti, Thomson Locations: Spanish, Arguineguin, Gran, Spain, Islands, West Africa, Moroccan, Morocco, Lanzarote, Lampedusa, Saharan Africa, Canary Islands

☆ Dozens of Migrants Bound for Canary Islands Feared Dead as Boat Sinks
▼ + stars: | 2023-06-21 | by ( Constant Méheut | ) www.nytimes.com time to read: 1 min

Thirty-six migrants were feared dead after an inflatable boat en route to the Canary Islands, a Spanish archipelago off northwestern Africa, sank on Wednesday, according to an aid group. At least one body, belonging to a child, has been recovered, according to the aid group, Caminando Fronteras, a nongovernmental organization that tracks the deaths of migrants. The group said that 24 people had been rescued, but that dozens remained missing of the 61 people who had been on the vessel. According to a Twitter post from Helena Maleno Garzón, who founded Caminando Fronteras, “The inflatable had been begging for rescue in Spanish waters for more than twelve hours.”Maritime Rescue, Spain’s sea search-and-rescue agency, did not immediately respond to several requests for comment.

Persons: Caminando, Helena Maleno Garzón Locations: Canary, Spanish, Africa

☆ Disney has a math problem as it strives to compete with Netflix, Wall Street analysts warn. Here's why Bob Iger is destined to make a $9 billion bet on Hulu anyway.
▼ + stars: | 2023-06-16 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Disney CEO Bob Iger must decide whether to acquire all of Hulu and fold it into Disney+. By buying all of Hulu, Disney could integrate its content into Disney+, which would make the flagship Disney streamer a formidable challenger to Netflix. "You look at the Disney+ bundle with Disney+, Hulu, and ESPN+, and it's a pretty powerful combination," Nispel told Insider. Currently, the ad versions of Hulu and Disney+ each cost $8 per month while ad-free Hulu and Disney+ cost $15 and $11, respectively. The consensus among analysts about Disney's Hulu dilemma was neatly summarized by Barton Crockett of Rosenblatt Securities, whose price target implies 26% upside for Disney.

Persons: Bob Iger, Iger, that's, Joe Bonner, Brandon Nispel, Nispel, Disney's, Wells, Steven Cahall, Cahall, Hulu, Michael Morris, He's, Morris, Disney, Will Iger, Barton Crockett, Crockett Organizations: Disney, Hulu, Comcast, Netflix, Wall, Argus Research, KeyBanc, ESPN, TAM, Rosenblatt Securities Locations: Hulu

☆ Opinion | Even in Texas, You Can’t Stop the Green Revolution
▼ + stars: | 2023-06-14 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +3 min

It is no longer clean energy that requires political interventions for survival. And when American investors are drawn to opportunities, they find themselves overwhelmingly in red states like Texas. Nearly a hundred new clean energy manufacturing facilities or factory expansions have been announced since the bill, marking more than $70 billion in new investment, according to Canary Media. This is the rundown offered by the former director of President Biden’s National Economic Council, Brian Deese, last month:Companies have announced at least 31 new battery manufacturing projects in the United States. In energy production, companies have announced 96 gigawatts of new clean power over the past eight months, which is more than the total investment in clean power plants from 2017 to 2021.

Persons: Brian Deese, decarbonization Organizations: Bloomberg, Republicans, Democrat, Canary Media, Economic Council, Companies Locations: Texas, There’s, United States

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