“Amazon took its ball and went home, dropping plans for a major expansion in New York City that could have included 25,000 jobs. While it’s a blow to New York, it’s good news for Chicago and other cities. “We do not intend to reopen the HQ2 search at this time,” the company said. “We will proceed […]
“Tension between the U.S. and China is about to get more complicated, with the World Trade Organization ready to investigate President Donald Trump’s tariffs on $250 billion worth of Chinese goods. On Monday, the Geneva-based arbiter of trade disputes is likely to begin an inquiry into whether the U.S. duties violate a requirement that all […]
“Over the past weekend, developer Sterling Bay released an updated masterplan for its sprawling Lincoln Yards megaproject, securing the backing of 2nd Ward Alderman Brian Hopkins in the process. The new version of the SOM-designed plan—the third iteration since its initial public debut in July—reflects recent revisions such as the elimination of a 20,000-seat soccer stadium and entertainment district for […]
“Chicago has a pack of powerful women. This special report demonstrates their achievements across industries. They’ve seized their opportunities, plunged ahead with their ventures and cultivated communities supportive of others—regardless of barriers in their way.” To read more, click here.
The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled “Darkening Skies,” the anti-poverty agency said Tuesday that it expects the world economy to grow 2.9 percent in 2019, down from the 3 percent it forecast […]
“The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist says, despite common gloomy predictions that humans are set to be replaced by machines. While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia […]
“The CTA board on Wednesday approved contracts for the largest and costliest construction project in CTA history: the massive $2.1 billion Red and Purple Line modernization. The board also approved a contract for preliminary work on an even larger project: the proposed $2.3 billion extension of the Red Line from 95th Street to 130th Street. […]
Investors recognized three global trends shaping real estate in 2018. Find out what they are in the latest issue of the WTCA Meridian.
“Archer-Daniels-Midland Co., the 116-year-old agribusiness giant, is shaping up as one of the few crop-trading houses to benefit from President Donald Trump’s trade war with China. On Tuesday, the Chicago-based firm reported better-than-expected earnings for a fourth straight quarter, with soybean crushing the main driver of growth. ADM also said it’s been able to find […]
“In 2019 WTC Querétaro will host the 50th anniversary of the celebration of the WTCA’s General Assembly, event that will take place for the first time in Mexico and Latin America.” Read more here.