Real Estate

WeWork Inc founder Adam Neumann is making efforts to repurchase the company as it faces financial hurdles, requiring up to $400 million in new funding to avoid bankruptcy. Neumann's real estate firm is willing to outbid any other offers by 10%, with Neumann himself having submitted a bid of over $500 million to acquire WeWork.

The urgent construction of new homes in Australia to address the national housing shortage is raising concerns about the suitability of these new builds for the country's aging population. The introduction of mandatory design standards, focusing on improving accessibility for people with disabilities, is seen as crucial in ensuring that new homes meet the needs of the aging and disabled population.

Prime Minister Anthony Albanese visited Alice Springs following the end of a youth curfew that was implemented in response to social unrest and violent incidents. During his visit, he inspected the Central Australia Aboriginal Congress' new health hub, which is being constructed with federal funding to improve health services for young Territorians.

Nawaz Modi, estranged wife of Raymond Group Chairman Gautam Singhania, seeks a 25% share each for her daughters in the divorce settlement, while her father-in-law supports her receiving 50% of the total wealth. This development follows the collapse of settlement talks and accusations of assault and misuse of company funds.

The Congress party has announced its detailed manifesto for the upcoming Lok Sabha election, focusing on addressing the challenges of unemployment and social disparities. The manifesto includes plans to create jobs, enhance reservations for marginalized communities, and introduce various schemes aimed at boosting employment opportunities across different sectors.