The rise of the uber-luxurious office

The rise of the uber-luxurious office
One Vanderbilt is a 93-storey skyscraper with a sparkling “hall of light” observatory at the top. (Image: Getty)
The Economist
It is lunchtime at One Vanderbilt, a new office tower that juts out of midtown Manhattan. The building’s vast basement kitchen hums, as harried staff in chef’s whites leap in and out of swing doors. Upstairs, gourmet salads and soup are served in a lounge overlooking Grand Central Station; a sit-down restaurant offers foie gras, grilled scallops and other dishes from Daniel Boulud, a celebrity chef. There is not a soggy, al-desko sandwich in sight.Record high vacancy ratesAcross the rich world, the commercial-property indu...

More World

X and xAI megdeal breaks Wall Street’s rulebook
Technology

X and xAI megdeal breaks Wall Street’s rulebook

The merger is still raising dealmakers' eyebrows.

Canadian company buys majority stake in Serato for $116.9m
News in Brief

Canadian company buys majority stake in Serato for $116.9m

Canadian technology holding company Tiny has announced a 66% acquisition of DJ software company Serato for US$66 million (NZ$116.9m).Tiny has agreed to acquire the majority stake in Serato, payable through a combination of cash and Class A common shares. The deal valued the compa...

Staff reporters 01 Apr 2025
How to make 267% – or lose 90% – on treasury bonds
Investments Opinion

How to make 267% – or lose 90% – on treasury bonds

Extra-touchy funds come in two basic forms: leveraged and inverse.