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BBCNEWS Asia Business Report June 4, 2024 00:32:00

But us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the white house the two warring political parties go to try and work it out. but the clock is ticking. the us government could run out of cash as early as 1june. so what are the possible consequences? forstarters, people who work for government agencies won t get paid. and those getting social security benefits won t get their money, either. financial markets would fall, and thousands ofjobs would be lost in the immediate aftermath. but the most dire consequence would be investors losing confidence in the country s ability to pay the interest on its debt, which comes in the form of treasury bonds, which are seen as one of the safest places to put your money. and that would quickly shatter the world s confidence in america. sameer hussein reporting on that story for us. later today, wework, one of the giants in the co working space will report their latest ....

Presidentjoe Biden , Political Parties , White House , Social Security , Government Agencies , Thousands Ofjobs , Treasury Bonds , Sameer Hussein Reporting ,

BBCNEWS Asia Business Report June 4, 2024 00:35:00

In the us with their second tier banking crisis. all of that together just means a very tough environment for this company. just looking at the sector as a whole, more broadly, there was so much hype about co working spaces, remote working, etc. what is your sense of how the sector will do in the future? look, i think absolutely there is a space for the sector because we do think that there is a future for working from home. and flexible working conditions. and with all that in mind, the co working space becomes collaboration space. so, it requires a lot of new thinking. and wework is good at that. all of that together does mean there is a place in the future, butjust right now how do you monetise that during an economic slowdown when perhaps there won t be enough people to really support ....

Banking Crisis , Remote Working , Collaboration Space , The Future ,

BBCNEWS Asia Business Report June 4, 2024 01:35:00

Tier banking crisis. all of that together just means a very tough environment for this company. just looking at the sector as a whole, more broadly, there was so much hype about co working spaces, remote working, etc. what is your sense of how the sector will do in the future? look, i think absolutely there is a space for the sector because we do think that there is a future for working from home. and flexible working conditions. and with all that in mind, the co working space becomes collaboration space. so, it requires a lot of new thinking. and wework is good at that. all of that together does mean there is a place in the future, butjust right now how do you monetise that during an economic slowdown when perhaps there won t be enough people to really support that revenue and cash flow. ....

Banking Crisis , Remote Working , The Future For Wework , Collaboration Space , Cash Flow ,