Prolonged war, renewed disruptions pose biggest risk to Middle East region, IMF says
Prolonged war, renewed disruptions pose biggest risk to Middle East region, IMF says
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HMRC changes 20-hour landlord incorporation guidance weeks after Property118 open letter
HMRC has changed its published guidance on the controversial 20-hour test for landlord Incorporation Relief, expressly confirming that somebody who spends fewer than 20 hours a week on their property activities may nevertheless be carrying on a business for the purposes of section 162 of the Taxation of Chargeable Gains Act 1992. The amendment to…
Rudin Finishes Filling 345 Park With 70K SF Lease
A lease from Los Angeles-based Capital Group brought 345 Park Avenue to full occupancy, a year on from a tragedy at the building that shook the real estate industry. The global investment management firm signed a lease for 70,000 square feet at the Midtown office tower, the Commercial Observer reported. Capital Group will occupy the…
How high can CEO pay climb before shareholders push back?
Canada’s 100 highest-paid CEOs earned an average of $16.2m in 2024, a record and about 248 times the average worker’s pay, according to the Canadian Centre for Policy Alternatives. Shopify’s Tobias Lütke topped the list at $205.5m, the largest single-year package the centre has recorded. “The top CEOs make $7,812 an hour, so it only takes…
Cirrus, LCOR Sign Pacific Park Momorandum
The Pacific Park development, beleaguered by more than two decades of delays, missed deadlines and foreclosure, has a path forward after Cirrus Real Estate Partners and LCOR signed a memorandum of understanding with the state Tuesday, an Empire State Development spokesperson confirmed. ESD last month announced the developers’ $5 billion proposal for the next phase…
How Good Good’s Casual Culture Turned a Callaway Ad Into a Crisis
The stars of YouTube supergroup Good Good could hardly contain their enthusiasm as they unveiled an expansive partnership with one of golf’s best-known names: Callaway. “It’s a dream of ours,” one said, as another gushed it would be “super dope.” That was 2023, and the reveal — which Good Good called its “biggest announcement yet”…
An IQVIA CEO Sold $26.1 Million as Bookings Hit a Record $3.15 Billion
Chairman and CEO Ari Bousbib reported a sale of about 106,000 shares of IQVIA Holdings Inc. (IQV -1.17%) for total proceeds of $26.1 million in an SEC Form 4 filing. Transaction summary Metric Value Transaction value ~$26.1 million Shares sold ~106,000 Post-transaction shares (total) ~1.4 million Post-transaction shares (directly held) ~836,000 Post-transaction shares (indirectly held)…
