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Commercial property
Office space vacancies in US and London reach at least 20-year highs
...Vacancies in San Francisco offices hit a two-decade high and reached a 20 per cent rate in the third quarter — up from 6.3 per cent at the onset of the pandemic....
October 10, 2023
Wilson Sonsini
Law firm Wilson Sonsini explores Singapore office as China dealmaking slows
...Several China-focused investors have recently expanded or opened offices in the city-state, including private equity firms Hillhouse, PAG and Boyu Capital and venture capital groups GGV and HongShan, formerly...
October 15, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Ransomware
Ransomware attack on ICBC disrupts trades in US Treasury market
...ICBC FS operates independently from ICBC in China, it added, and neither the head office nor the New York branch of ICBC itself were affected....
November 10, 2023
Elaine Moore
San Francisco’s clean up should spur new city solutions
...In 2022, there were 887 people without homes per 100,000 residents, according to a report by the City & County Of San Francisco Office of the Controller City Performance Unit....
November 27, 2023
San Francisco 49ers
San Francisco 49ers hope to spin Super Bowl run into financial gold
...The San Francisco 49ers will face off with the Kansas City Chiefs on Sunday in the hope of clinching their sixth Super Bowl victory, a feat that would put it in the ranks of the most successful teams competitively...
February 11, 2024
Elon Musk
Brazil threatens to regulate social media after clash with Elon Musk
...an armed intervention to prevent President Luiz Inácio Lula da Silva from taking office....
April 7, 2024
FT Live
Business of Entertainment Summit
Capitalizing on Disruption
Thursday, 19 SeptemberLos Angeles, CA
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...There is also the prospect that Joe Biden — and by extension his zealous antitrust enforcers, including Jonathan Kanter, the DoJ’s assistant attorney-general for antitrust — will be swept out of office in...
March 22, 2024
Google LLC
Google engineer charged with AI secrets theft while working for Chinese groups
...The US attorney’s office in San Francisco in recent years charged three former Apple employees with stealing trade secrets related to self-driving car technology for Chinese companies....
March 6, 2024
LexSan Francisco
San Francisco: office vacancy rates track crime hotspots Premium content
...San Francisco remains one of the world’s most beautiful cities. Yet solutions for its deterioration are strangely lacking....
August 21, 2023
News updates from November 15: Biden and Xi meet in effort to stabilise relations, UK inflation slows
Joe Biden and Xi Jinping meet in effort to stabilise relations
...They met at the Filoli estate south of San Francisco and had lunch before attending the Asia-Pacific Economic Cooperation forum with other world leaders in the city. Read more about the meeting here...
November 15, 2023
Driverless vehicles
California clears way for driverless taxis in San Francisco
...San Francisco’s transit authorities and the mayor’s office called on the utilities commission to delay approval, arguing that more time was needed to show the vehicles were safe and to put a system in place...
August 11, 2023
News in-depthUS politics & policy
Scandal in Georgia threatens to muddy criminal case against Trump
...“We send millions of dollars to the Fulton County District Attorney’s office from the state coffers,” Dolezal told the Financial Times....
January 27, 2024
Commercial property
Office loans ‘living on borrowed time’
...Central business districts of some cities like as Seattle, Los Angeles, and San Francisco, where distressed sales represent a large share of transaction volume, have seen average office sales prices fall...
March 20, 2024
Film
Girls State, the documentary offering ‘a crystal ball on the US’s political future’
...Speaking over Zoom from San Francisco, Moss says that the idea of documenting them emerged from the despair the pair felt after the 2016 election of Donald Trump: “We were trying to make sense of the political...
March 22, 2024
The FT ViewThe editorial board
The painful reset in commercial real estate
...Economic activity in some city centres, such as San Francisco — which has a concentration of tech workers — risks being hollowed out. Urban authorities are not powerless....
February 15, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
FirstFT
FirstFT: Europe must consolidate its defence industry, says Ursula von der Leyen
...outside attorney hired by her office....
February 16, 2024
US-China relations
Biden and Xi meet in effort to stabilise relations
...They met at the Filoli estate south of San Francisco and had lunch before attending the Asia-Pacific Economic Cooperation forum with other world leaders in the city....
November 15, 2023
ObituaryDianne Feinstein
Dianne Feinstein, US senator, 1933-2023
...Despite sometimes aggravating the city’s liberals, she left office with a 70 per cent approval rating in the city — and a national profile....
September 30, 2023
News in-depthCommercial property
Defaults raise alarm over stability of San Francisco’s commercial property
...Office vacancies have risen to 30 per cent in San Francisco, the highest of any big US city. Hotels in San Francisco have also been particularly hard hit....
June 17, 2023
FT WealthRhymer Rigby
Is it a good thing for the very affluent to live in rich enclaves?
...You see this in cities such as London and San Francisco where a top 1 per cent income is routinely trotted out as ‘middle class’. This can become a problem if the cities’ rich go into government....
April 12, 2024
US presidential election 2024
San Francisco’s woes and wealth draw 2024 presidential contenders
...In a video published on Monday, Kennedy criticised San Francisco’s homeless problem — where 1 per cent of the city’s population are homeless compared to less than 0.2 per cent nationally — in front of tents...
June 23, 2023
FirstFT
FirstFT: Elon Musk sues Sam Altman and OpenAI over Microsoft partnership
...The presidents of the Federal Reserve banks of Dallas, Atlanta, San Francisco and Kansas City are also speaking in public later....
March 1, 2024
Chinese business & finance
Chinese police arrest tech founder on suspicion of running casino
...Chen’s troubles increased after China’s powerful internet watchdog in May dispatched a team of officials to the company’s offices for a month of “intensive rectification and supervision” of “porn and vulgar...
November 22, 2023
FT Magazine
What if San Francisco never pulls out of its ‘doom loop’?
...“The drug-dealing crisis downtown has overrun a large section of our city,” says Brooke Jenkins, San Francisco’s new district attorney, who was elected to “get tough” on crime....
May 18, 2023
World
FirstFT: Uber chief unlocks $136mn in shares
...The result of the Kansas City Chiefs and the San Francisco 49ers game took a back seat to the conspiracy theory circulating in Maga circles about Taylor Swift and the Chiefs’ Travis Kelce being part of a...
February 29, 2024

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