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Handout IWG PLC, the world’s biggest co-working company, is trying to adapt its business model to reduce its exposure to long-term office leases as dozens of its locations in Canada and the United States restructure under creditor protection. The pandemic’s work-from-home mandates have exacerbated weaknesses with the co-working business of rent arbitrage. IWG and other flexible office providers such as WeWork and Knotel have had to continue paying rent on their long-term property leases while their revenue evaporated because their short-term subtenants stopped using their space. Story con...

acoustic switch, whicis not required in the u.s.. should it be? >> we do not things up, because we had three triggering systems for the blowout preventer and then a manual intervention. this acoustic devices essentially another triggering device. it would have to be looked at through the investigation to see a fact that at some positive redundancy into the system. i do not know but i do not believe that it would have made a difference. >> do you think that u.s. regulations should be reformed to require this as a backup? even if it would not have helped in this situation? >> i think t...