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    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Second Chance Education (SCE) Signature Features – World – ReliefWeb

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    CTU Members Take Legal Action Against Union for Political Spending – WTTW News

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Wynne, Arkansas Takes Direct Hit From Violent Tornado – FOX Weather

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Not SpongeBob: Florida man lives under the sea for science – WKMG News 6 & ClickOrlando

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    How one man went to all 12 Disney parks around the world in 12 days – USA TODAY

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    More than 75 million under severe storm threat with possible tornadoes, hail and strong winds on the way – CNN

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Will Alibaba's Historic Split Into 6 New Business Units Supercharge Its Stock? – The Motley Fool

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      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Cano Health’s Board Drama Comes As Primary Care Firms Try To Attract Buyers – Forbes

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Food Friday: Italian cooking with James Beard nominated Wisconsin … – Wisconsin Public Radio

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Bay Cliff Health Camp in need of counselors for summer – WLUC

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      How 100 Top Tables’ Best Chef Silas Li is transforming Chinese cooking – South China Morning Post

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Costa Mesa Boys & Girls Club class puts 'kid' in kidney health – Los Angeles Times

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Mebane Enterprise Events – I Cannoli Have Eyes for Cooking – Mebane Enterprise

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Atrium Health Ballpark Set to Host F&M Bank Cannon Ballers … – City of Kannapolis

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        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Padres Agree to 7-Year Extension with All-Star Infielder – Sports Illustrated

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Student artists bring life to King Hall stairway – The Bulletin

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Diamondbacks' uneven Opening Day points to more potential than promise – FOX Sports

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Fancy food hall, high end shopping coming to Park Square in Uptown – KRQE News 13

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Kentucky Senate passes bill legalizing sports betting, sends to Beshear – Courier Journal

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        ‘Murder Mystery 2: Jennifer Aniston refuses to stand next to Adam Sandler – Geo News

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Milwaukee takes on Boston after Holiday's 51-point showing – FOX Sports

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          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Like a Cable Boss: Connecting Medical Technology – DVIDS

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Local Author To Be Published Using State-Of-The-Art Technology – Yellow Scene

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Will Pentagon Rush To Buy Ammo Advance New “Open Energetics Architecture” Technologies? – Forbes

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Marvell Technology: Upgrade To Buy Post-Haircut (NASDAQ:MRVL) – Seeking Alpha

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Forum Energy Technologies Awarded Approximately $25 Million Contract to Provide Desalter Systems to Saudi Aramco – Yahoo Finance

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Toledo Technology students get early look at engineering careers – Toledo Blade

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Technology has become the double-edged sword of Asia's protests – BBC

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            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Second Chance Education (SCE) Signature Features – World – ReliefWeb

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            CTU Members Take Legal Action Against Union for Political Spending – WTTW News

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Wynne, Arkansas Takes Direct Hit From Violent Tornado – FOX Weather

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Not SpongeBob: Florida man lives under the sea for science – WKMG News 6 & ClickOrlando

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            How one man went to all 12 Disney parks around the world in 12 days – USA TODAY

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            More than 75 million under severe storm threat with possible tornadoes, hail and strong winds on the way – CNN

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Will Alibaba's Historic Split Into 6 New Business Units Supercharge Its Stock? – The Motley Fool

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            • Lifestyle
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              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Cano Health’s Board Drama Comes As Primary Care Firms Try To Attract Buyers – Forbes

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Food Friday: Italian cooking with James Beard nominated Wisconsin … – Wisconsin Public Radio

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Bay Cliff Health Camp in need of counselors for summer – WLUC

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              How 100 Top Tables’ Best Chef Silas Li is transforming Chinese cooking – South China Morning Post

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Costa Mesa Boys & Girls Club class puts 'kid' in kidney health – Los Angeles Times

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Mebane Enterprise Events – I Cannoli Have Eyes for Cooking – Mebane Enterprise

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Atrium Health Ballpark Set to Host F&M Bank Cannon Ballers … – City of Kannapolis

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                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Padres Agree to 7-Year Extension with All-Star Infielder – Sports Illustrated

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Student artists bring life to King Hall stairway – The Bulletin

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Diamondbacks' uneven Opening Day points to more potential than promise – FOX Sports

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Fancy food hall, high end shopping coming to Park Square in Uptown – KRQE News 13

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Kentucky Senate passes bill legalizing sports betting, sends to Beshear – Courier Journal

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                ‘Murder Mystery 2: Jennifer Aniston refuses to stand next to Adam Sandler – Geo News

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Milwaukee takes on Boston after Holiday's 51-point showing – FOX Sports

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                • Tech
                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Like a Cable Boss: Connecting Medical Technology – DVIDS

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Local Author To Be Published Using State-Of-The-Art Technology – Yellow Scene

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Will Pentagon Rush To Buy Ammo Advance New “Open Energetics Architecture” Technologies? – Forbes

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Marvell Technology: Upgrade To Buy Post-Haircut (NASDAQ:MRVL) – Seeking Alpha

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Forum Energy Technologies Awarded Approximately $25 Million Contract to Provide Desalter Systems to Saudi Aramco – Yahoo Finance

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Toledo Technology students get early look at engineering careers – Toledo Blade

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Technology has become the double-edged sword of Asia's protests – BBC

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                  COVID-19 problems haven’t left the building. World’s biggest office-workspace group warns on profits.

                  by Editor
                  June 7, 2021
                  in World
                  0
                  COVID-19 problems haven’t left the building. World’s biggest office-workspace group warns on profits.
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                  Shares in IWG plunged more than 15% on Monday, after the world’s largest flexible-office company warned that underlying earnings in 2021 will be “well below” the previous year’s levels, as COVID-19 lockdowns and the emergence of new variants of the virus that causes the disease continued to hit its operations.

                  But the FTSE-250-listed owner of the Regus brand said it expected a “strong recovery” in 2022, citing unprecedented demand for flexible work products as companies adopt hybrid working.

                  Read: WeWork loses $2.1 billion in a quarter

                  IWG said it had seen “positive momentum” in some markets, such as the U.S., where COVID-19 pandemic restrictions were being relaxed, and that inquiries had reached pre-pandemic levels. But the company said that overall improvement in office occupancy has been lower than expected, and as a result, it expects underlying group earnings before interest, tax, and amortization to be well below the £133.8 million ($189.19 million) it reported in the previous year.

                  Shares in IWG
                  IWG,
                  -12.80%

                  dropped 15.85% in early morning London trading on Monday. The stock has fallen 10.11% so far this year, according to FactSet.

                  Read: Goldman Sachs CEO: Working from home is an ‘aberration’

                  Flexible-office providers such as IWG have been hit hard by the pandemic, which has dramatically accelerated the shift to remote working. Last week, rival Workspace Group
                  WKP,
                  -0.22%

                  said that a recovery to pre-pandemic levels will take a couple of years. Both companies offer shorter, more flexible lease terms to customers than traditional office providers, leaving them vulnerable as companies have pared back office space over the past year.

                  RBC Capital analysts said the working-from-home trend is likely to be a continuing feature, and there is a risk that many previous customers won’t require IWG’s services at all going forward, whilst there is a risk of oversupply of office space in many major cities, for example London.

                  “Whilst there is scope for a material rebound in occupancy off a much lower cost base post all the network rationalization, ultimately, the group needs to deliver on material master-franchising deals to demonstrate upside value in the group, reducing capital employed and justifying a higher long-term multiple,” said the analysts in a research note to clients on Monday.

                  IWG, which recently signed deals with companies including Japanese telecoms group NTT
                  NTTYY,
                  +0.30%

                  and U.K. bank Standard Chartered
                  STAN,
                  +1.23%

                  for hybrid working services, said it was making good progress on larger, master-franchise agreements, with several in the final stages of discussions.

                  Although some companies — such as customer relationship management platform Salesforce
                  CRM,
                  +2.88%

                  and music streaming platform Spotify
                  SPOT,
                  +1.71%

                  — have announced that their staff members would be allowed to work from home permanently in the future, others, such as Goldman Sachs
                  GS,
                  +0.70%

                  and JPMorgan
                  JPM,
                  +0.16%

                  have started to call their workers back to the office, citing lost collaboration and an inability to train junior staff members, as they have remained home for more than a year.



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                  Tags: BiggestbuildingCovid19grouphaventleftofficeworkspaceproblemsprofitswarnsworlds
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