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Russia canceled its landmark Navy Day parade for the second year in a row, instead holding a muted event where only large posters of warships on display. Two rows of roughly 30 sailors greeted the country’s leader, Vladimir Putin, as he arrived on Sunday at the Russian Navy’s headquarters in St. Petersburg, where the Kremlin…
Olmstead Properties has signed Luckin Coffee to a new 10-year, 1,200-square-foot retail lease at 180 Varick St., bringing one of the country’s fastest-growing coffee brands to the base of the historic Hudson Square office building. Luckin Coffee will replace a neighborhood pizzeria and deli that had occupied the storefront for more than 40 years before its longtime owner retired….
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices extended their losses Tuesday after a pause in fighting between the U.S. and Iran held, raising hopes for a de-escalation in the Middle East conflict that has upended energy supplies. …
As investors’ borrowing capacity becomes restrained following recent interest rate rises and tax reforms, failing to structure loans properly can lead to further costly consequences. According to Strategic Brokers director, Hung Chuy, the top three borrowing mistakes among investors were using cross-collateralisation, failing to have a buffer in place, and not considering all their loan…
An artificial intelligence-powered management platform designed to help law firms has signed an office lease on the Lower East Side, Commercial Observer has learned. AI platform Sandstone signed a five-year deal spanning 13,794 square feet on the entire third and fourth floors of East End Capital’s 141 East Houston Street, according to landlord broker Current…
A new study found cognitive improvements for shorter durations of eating
Three weeks after structural columns buckled at the former Pfizer Building, New York City building officials issued a stop-work order at another office-to-residential conversion. Construction work has been halted over at 222 Broadway, where developer GFP Real Estate is in the process of converting the 32-story tower, a former home to Bank of America and…
In 2025, the IMF reported that, across the globe, companies, households, and countries had amassed $251 trillion in debt. Looking toward the end of 2026, J.P. Morgan has warned that interest rates on such borrowings are set to spike, owing largely to dwindling populations and diminishing fiscal discipline. JPMorgan’s Joyce Chang and team unpacked the…
AI Anxiety Drives Tech Selloff and Market Slump Across Asia Market Reactions and Financial Impacts Asian Markets Plunge Amid AI Funding Concerns SINGAPORE, July 28 (Reuters) – Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little…
With the landmark 21st Century Road to Housing Act now law, local governments may finally rein in the red tape that is choking off the construction of new homes. The new law includes a $200 million “innovation fund,” which would be a competitive grant program for local governments that can show they’ve taken steps to…