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...Canary Wharf has also been challenged by the departure of key tenants, as it works to diversify the estate. The group is burdened with £3.7bn of net debt....
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...It risks creating paralysis or overreaction: failure to shift fast enough from reliance on real estate is an example of the former; failure to relax Covid lockdowns in time is an example of the latter....
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...She moved in as a six-year-old after her grandfather died and her father took over the running of the estate....
...If, as seems probable, it is the centralised party under the direction of one man, can the market economy thrive? martin.wolf@ft.com Follow Martin Wolf with myFT and on X (formerly Twitter)...
...A letter of credit from a lender, backed by real estate, would carry a separate fee in addition to the premium for a surety bond....
...estate it represents....
...The reflections of water and light moving on the walls resemble the movement in Gugilelmo’s paintings – where all the shadows seem to be running away.”...
...I heard one of the hosts of another bitcoin-focused podcast, the Wolf of All Streets, say recently that “TradFi is just as degen” — a crypto word describing a reckless (and degenerate) gambler — “as the...
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