China’s youth jobless rate hits 11-month high in July

A highly anticipated office development snagged a fresh round of debt, totaling in the billions. BXP scored a $1.2 billion construction loan for its development at 343 Madison Avenue next to Grand Central Terminal, the company disclosed in its second-quarter earnings report. The loan carries a 2.5 percent secured overnight financing rate, which will drop…

Politics And The Markets 08/18/26

Apple has sued OpenAI and two of its employees, alleging that they stole trade secrets from Apple to support OpenAI’s development of devices. The OpenAI employees named in the lawsuit, Chief Hardware Officer Tang Tan and technical staff member Chang Liu, are former Apple employees, the Wall Street Journal reported Friday (July 10). The suit alleges that Tan emailed himself information about…

Offr, a digital buying platform backed by Barclays, has partnered with website specialist PropertyStream to launch Transact, a white-labelled platform that enables estate agents to manage property transactions from initial enquiry to completion within their own branded websites. The joint venture claims to offer an integrated response to the government’s consultation on digital reforms to…

Zohran Mamdani is filling the seven-month void at one of the city’s most critical business agencies with a political veteran intimately familiar with the workings of New York City government. Mamdani will name McKinsey & Co. partner Anthony Shorris as the president and chief executive officer of the Economic Development Corporation, Crain’s reported. The official…