WeWork is planning to renegotiate leases due to coronavirus pandemic

Halifax is home to the worst drivers in Britain as 16 per cent have points on their licence – The Sun

HALIFAX is home to Britain’s worst drivers, a study has found.

Sixteen per cent of drivers in the West Yorkshire town have penalty points on their licence for offences such as speeding and drink-driving.

Bradford, Huddersfield, East London and Wakefield made up the top five.

At the other end of the scale, just four per cent of those in Swindon, Wilts, have points, and five per cent in Milton Keynes, Bucks.

The poll by car sales firm ChooseMyCar.com revealed the 41million drivers in Britain have 10.6million points between them.

Among them, three motorists aged 101 or more had at least three points.

And men were found to be twice as likely as women to have penalty points.

A spokesman for ChooseMyCar said: “You might think the majority of road users are fairly safe drivers, but 2.7million have points on their driving licence.”


Coronavirus: US has world's most confirmed cases, says New York Times

NEW YORK (AFP) – The United States now has the most number of confirmed coronavirus cases in the world, The New York Times reported on Thursday (March 26), citing a tally based on its own data gathering.

With 81,321 cases of infection, the country of 330 million people has surpassed virus hot spots China and Italy in reaching the grim milestone.

Italy’s declared caseload stood Thursday at 80,539 and China’s at 81,285, according to an AFP tally.

New York Times Shows Scope Of America’s Job Losses In Unforgettable Front Page

The New York Times broke its typical format to accommodate an incredible visual: a graphic comparing the 3.3 million unemployment claims filed last week to weekly claims over the past two decades. 

Times print editor Tom Jolly shared the image on Twitter:

Twitter users took note:

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BEFORE YOU GO

Trump says energy industry poised to recover

How will coronavirus impact demand for oil?

CFRA energy analyst Stewart Glickman discusses the effects coronavirus will have on demand for oil and whether or not he would buy oil stocks.

U.S. oil producers have taken a big hit during the coronavirus outbreak amid tumbling energy prices.

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The pandemic has caused fuel demand to plunge as travel stalls and people stay put.

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President Trump tweeted words of encouragement to the industry.

The travel restrictions in cities have affected tens of millions of people. Flights, trains, buses, subways, and for-hire cars have also been suspended.

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Benchmark U.S. oil slid 7.7 percent on Thursday to settle at $22.60 a barrel. Goldman Sachs has forecast that it will fall well below $20 a barrel in the next two months because storage will be filled to the brim and wells will have to be shut in.

The Stark Chart That Shows How U.S. Virus Cases Surged Past China

The U.S. overtook China to record the most new coronavirus infections in the world on Thursday, fueled by a large jump in New York. The American tally topped 82,000, amid at least 6,448 new cases in New York state, which accounts for nearly half the total infections nationwide, according to data compiled by Bloomberg. Meanwhile in China — where the outbreak began — virtually all the latest cases came from people arriving from overseas, prompting the government to temporarily suspend the entry of foreigners holding valid visas and residence permits starting Saturday.

Publicis Groupe Issues Update On Impact From COVID-19 – Quick Facts

Publicis Groupe (PGPEF.PK,PUBGY.PK) stated that, due to the uncertainties related to the COVID-19 pandemic, the Group has decided not to give any guidance until further notice. The Groupe indicated that revenues at end of February were in line with its 2020 roadmap.

The Groupe noted ninety-five per cent of its talent around the world are connected and equipped to work from home, supporting clients. Publicis Groupe said it will continue to protect all its stakeholders’ interests and to rigorously manage all costs, particularly during the period.

WeWork is planning to renegotiate leases due to coronavirus pandemic

Office-leasing giant WeWork is in talks to hire an outside adviser to help it renegotiate its leases as the coronavirus outbreak threatens rent revenues around the world.

The New York company, which leases office space and then sublets it to entrepreneurs and other businesses, is in talks to hire real-estate brokerage Newmark Knight Frank to review and then rejigger its global lease obligations, The Post has learned. It’s also in talks with real-estate advisory company JLL, sources said.

“As part of our plan to seek profitable growth, we are conducting an in-depth review of operations and assets globally in order to rightsize the business and optimize our real-estate portfolio,” a WeWork spokesperson said. “As we work through this process, we are working with industry partners where appropriate.”

Sources attributed the push to WeWork Chief Executive Sandeep Mathrani, who was brought in to clean house following the company’s failed IPO last year. “Sandeep was hired to come in and evaluate everything,” said a person with knowledge of the situation who was not authorized to speak on the record. “Could you see a couple of leases go to sublease — of course. Others may be extended,” the person said.

WeWork on Thursday told investors the $4.4 billion in cash it had at year-end 2019 is enough to execute its five-year plan and manage the challenges posed by the coronavirus crisis.

As of the end of the fourth quarter, WeWork had more than 662,000 members across 140 cities and 37 countries — many of whom are now out of work or struggling to stay afloat.