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BBCNEWS Asia Business Report June 4, 2024 01:32:00

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. samira hussein reporting on that story for us. later today, wework, one of the giants in the co working space will report their latest ....

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WeWork Reports 11 Percent Revenue Spike in First Quarter, Improving Net Losses

WeWork saw strong(er) earnings in the first quarter of 2023, but it’s still seeing $299 million in net losses. ....

Adam Neumann , Sandeep Mathrani , York Stock Exchange , New York Stock Exchange , Bowx Acquisition Corporation , All Access , Ore Bowx Acquisition Corporation , New York Stock Exchange , S Ampp Global Ratings ,

BBCNEWS Asia Business Report June 4, 2024 23:35:00

Because what is happening 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 that revenue and cash flow. ....

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

BBCNEWS Asia Business Report June 4, 2024 23:33:00

Later today, wework, one of the giants in the co working space will report their latest quarterly earnings. analysts polled by reuters are expecting to see a bump up in revenue for the first three months of the year. the company held up well during the pandemic, due to strong demand for remote and co working spaces. but this year, it s stock price has been seeing very steep declines, and it faces the possibility of being delisted from the new york stock exchange. for more on this, jun bei liu of tribeca investment partners, whojoin us now. what is your sense of how we work is going to do? our sense is that the result in terms of the revenue it is going to be strong, because we are seeing very good trend of people returning to work and co working space, and reconfiguration of a lot of co working space. so this company has been a big beneficiary of it. however, the share price reaction really comes down to what is going to happen to its future, financial future, and what is going to happ ....

Bump Up , Stock Price , Whojoin Us , Tribeca Investment Partners , New York Stock Exchange , Share Price , Financial Future ,

BBCNEWS Asia Business Report June 4, 2024 23:40:00

Where do you get them? you go to venice. i went to italy and bought 250 masks. every mask shop, everything in one week and brought it back to england! people within the film industry sometime, are they a bit suspicious of someone who has come from outside, that they don t understand the challenges?- don t understand the challenges? oh, yeah, absolutely, challenges? oh, yeah, absolutely, and - challenges? oh, yeah, absolutely, and they . challenges? oh, yeah, i absolutely, and they have challenges? oh, yeah, - absolutely, and they have to overcome it. overcome it. how do you overcome overcome it. how do you overcome it? overcome it. how do you overcome it? i overcome it. how do you overcome it? i don t - overcome it. how do you l overcome it? i don t know, overcome it. how do you - overcome it? i don t know, by doinu a overcome it? i don t know, by doing a great overcome it? i don t know, by doing a great job. overcome it? i don t know, by doing a great job. wework- overcome ....

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