Despite tough talk, Britain’s new sanctions program against Russia’s invasion of Ukraine has proved shaky. Some oligarchs have received generous exemptions. Officials have at times overreached.
Tag: Real Estate (Commercial)
Wildfires in Greece Raise Fears of Tourism Collapse
The fiercest wildfires have hit only parts of a few islands. But the effects of climate change pose a far wider threat to Greece’s tourism industry.
Some Canadian Indigenous See Hudson’s Bay Building as Hollow Gift
The company chartered centuries ago to found the colony that became part of Canada last year gave a building to the Indigenous that is heavy in symbolism. The move is being criticized by some as hollow.
Mykonos Building Boom Reveals ‘Wretched’ Side of Greece’s Recovery
Investors are eager to cash in on soaring demand for luxury properties, but an attack on an archaeologist investigating building violations brought a darker underbelly to light.
New Skyscraper, Built to Be an Environmental Marvel, Is Already Dated
One Vanderbilt, in the heart of New York City, is built to be especially climate friendly. But the design landscape and city rules have changed quickly.
Baghdad Loses Green Space to Real Estate Boom
The problem is driving up temperatures in what is already one of the hottest cities in the world, where air-conditioning is a luxury only the rich can afford.
New Amazon Headquarters Sparks Feud Among Indigenous South Africans
The development, still under construction, sits on sacred land in Cape Town. But some Indigenous leaders have allied with the developers, prompting a debate over who speaks for First Nations people.
Dorms Pop Up in Spain as More Students Seek Housing Away From Home
The country’s student population has become increasingly mobile, fueling investments in accommodations, largely funded by foreign capital.
With Property Sales Plunging, China Evergrande Faces More Protests
The developer has tried for months to signal that its $300 billion debt problem was under control. But the challenges keep mounting.
Soho China Sells to Blackstone, Cementing Owners’ Exit
The husband-and-wife team atop Soho China had already been keeping a lower profile than they did during an earlier, freer era of the country’s economic revival. Now they are selling their real estate business to Blackstone.