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China Vanke, one of China’s largest property developers, said on Monday that its top executives were stepping down and warned of a $6.2 billion loss for 2024, the latest sign that China’s grueling multiyear property downturn has not reached the bottom. In a filing in Hong Kong, Vanke said that its chairman, Yu Liang, would…
Barry Sternlicht made a fortune building Starwood Hotels and Resorts, which birthed successful brands like W Hotels, into a giant of the travel industry. Now he wants to do it all again — under the Starwood name. Mr. Sternlicht is resurrecting the Starwood Hotels brand starting in February, nine years after the previous company was…
Five years since the pandemic began, workers have grown accustomed to a script. Their bosses make return-to-office plans, which then get shelved. And then shelved again. In recent weeks, the calls to end remote work have come back with gusto, and with authority. On Monday, President Trump signed an executive order requiring federal department heads…
During his first administration, President-elect Donald J. Trump’s global business empire created an unprecedented number of conflicts of interest for a sitting president. Ethics experts worried that opportunists could try to curry favor by booking stays at Mr. Trump’s network of hotels, golf clubs and other properties. Their predictions bore out: Foreign governments and lobbyists…
