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A guide for US entrepreneurs

Europe is becoming increasingly less attractive for the physical headquarters of big tech companies after years of expansion and growth, with major offices in London and Dublin being mothballed for a variety of economic and business reasons.

It’s hard to crack the headlines of the financial pages, what with GameStop, bitcoin, Tesla, and squeezes of one sort or another. There is a squeeze in commercial real estate that won’t shock anyone, or shouldn’t. That squeeze is tenants unable to pay owners and owners unable to pay lenders.  It’s possible the pandemic will fizzle, someone will snap their fingers, and everything will revert to the precovid economy. But indications are that commercial real estate will take lumps, some that will be fatal.  The Timesreports that HSBC bank, employer of forty thousand people in the U...

At certain times last year, up to 70 per cent of HSBC’s 226,059 global workforce were working remotely with the lender distributing more than 78,000 laptops and other items to employees to enable them to work remotely. The bank said it expects to see a “much greater degree of hybrid working” as the pandemic is brought under control. HSBC chief executive Noel Quinn said the reduction would not include branches or the lender’s headquarters in London's Canary Wharf, with any buildings kept on to be used more flexibly. "We are focused on those offices with support functions and head offic...