Billionaire tax measure on California ballot defeated

The nonprofit Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is moving its nonprofit headquarters to 119 West 125th Street in Harlem, Commercial Observer has learned. UMEZ, which finances community development in Upper Manhattan, inked a 9,000-square-foot lease at the 17-story mixed-use development between Malcolm X and Adam Clayton Powell boulevards, according to Taconic Partners, a…

Intercontinental Exchange has signed tZERO as a partner in developing infrastructure for its planned NYSE-affiliated tokenised securities venue, the Digital Trading Platform. The two firms agreed a memorandum of understanding on 31 August. The agreement does not mark the launch of the venue, which remains subject to regulatory approval and technology and operational requirements. What…

Cryptocurrency project Scandic Coin (SNC) has issued a formal public demand for answers from the exchange BitMart regarding three long-pending withdrawal requests that remain unresolved. The requests, submitted from an approved institutional account, involve substantial amounts of USDT and SNC tokens that have stayed in “Processing” status for nearly eight days without generating blockchain transaction…

As part of the government’s Cladding Safety Scheme, funding will be made available to the highest risk buildings under 11 metres. Since major cladding issues are less common in lower-rise buildings, they are not covered by existing leaseholder protections. However, leaseholders face large bills to fix safety issues not of their doing. Dangerous cladding will be removed from…

PepsiCo CEO Ramon Laguarta says that everything at the company that is not related to growth will not be part of the company.