Bloomberg
NYC Office Market Revives With Tech Firms Hunting for Space
(Bloomberg) — New York’s battered office market is drawing more interest from tech companies that are hungry for space even as the pandemic upends traditional work.Most Read from BloombergHow Los Angeles Became the City of DingbatsSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignThe Rise of the Pandemic DashboardBerlin Referendum Could Determine the Future of the City’s HousingRoku Inc. and Microsoft Corp. are among firms in
CoinDesk
Why China’s Crypto Crackdown Is ‘Not the End of Bitcoin At All’
The People’s Bank of China announced Friday virtual currency-related business activities are illegal, warning they seriously endanger the safety of its citizens’ assets. Bitcoin slipped below $42,000 after the news and is down about 3% over the past 24 hours. “The Hash” panel discusses whether crypto could really be banned, explaining why “this isn’t the end of bitcoin in China at all.”
Bloomberg
Starved of Gas, European Electricity Producers Snap Up Coal
(Bloomberg) — European electricity producers are snapping up coal cargoes as a shortage of natural gas forces utilities to burn the dirtiest of fossil fuels.Most Read from BloombergHow Los Angeles Became the City of DingbatsSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignThe Rise of the Pandemic DashboardBerlin Referendum Could Determine the Future of the City’s HousingA shipment for delivery next month at a major European h
Reuters
Factbox-Five facts about Huawei’s CFO Meng
Huawei Technologies Chief Financial Officer Meng Wanzhou and U.S. prosecutors are expected to appear in court to say they have reached an agreement to resolve charges against her, according to a source familiar with the matter, concluding a process that should allow her to leave Canada. Meng is expected to appear virtually in a hearing in Brooklyn federal court, according to a source. Here are some facts about Meng.
MarketWatch
Engine No. 1 says its new representation on ExxonMobil’s board has already scored a win
Engine No. 1, the small hedge fund that scored a coup this year by placing three climate-focused, independent directors on oil giant ExxonMobil’s board, said it has already had an early win. Jennifer Grancio, the CEO of Engine No. 1, said Exxon (XOM) has scaled back new long-term production targets. Exxon is keeping oil output at the lowest level in two decades in the years through 2025.
Bloomberg
Bond Market Gets Reprieve From SEC Rule That Spooked Traders
(Bloomberg) — The bond market got a three-month reprieve from a U.S. rule that traders said could cause big disruptions by preventing dealers from providing certain price quotes. Most Read from BloombergHow Los Angeles Became the City of DingbatsSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignThe Rise of the Pandemic DashboardBerlin Referendum Could Determine the Future of the City’s HousingThe Securities and Exchange Commis
TechCrunch
China roundup: Meng Wanzhou’s release and Huawei’s future
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. On Friday, Huawei’s chief financial executive Meng Wanzhou was released from house arrest in Vancouver after reaching a breakthrough deal with the U.S. Justice Department. Chinese startups that announced major funding rounds this week include Momenta, a Daimler-backed autonomous driving startup, Nreal, an augmented reality company, and Hai Robotics, a warehouse robotics maker.
