NEW YORK (BLOOMBERG) - Amazon.com said it is axing plans to build a new corporate campus in New York City, bowing to fierce opposition from some residents and politicians and denying the city what the mayor and governor had called its biggest ever economic win. New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio lobbied hard to bring the deal to the city, with the governor even jokingly offering to change his name. They touted the promise of as many 40,000 jobs in the city over the next two decades with an average salary of US$150,000 (S$200,000). But local opposition was fierce from the beginning. Lawmakers resented being excluded from negotiations for the deal, and decried the US$3 billion in government subsidies offered to a company run by the world's richest man, while the city itself is facing budget cuts. Community groups feared rising rents in the neighbourhood would push out long-time residents, and that the influx of workers would strain an already … [Read more...] about Amazon scraps plan to build a headquarters in New York City
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By Emma G. Fitzsimmons The New York Times Tues., Nov. 20, 2018 NEW YORK—When Andy Byford, the New York City subway leader, met with Amazon executives during the summer, Byford boasted that Long Island City in Queens was a transit wonderland ready to serve their army of workers. The reality is far less rosy. Long Island City does have half a dozen subway lines, the Long Island Rail Road, buses and ferryboats. But the picture Byford painted glosses over the enormous challenges facing the city’s transportation network, which regularly struggles to get millions of New Yorkers where they are going. The subway is still maddeningly unreliable more than a year after it was declared to be in a state of emergency. Last week, a relatively modest snowstorm paralysed traffic across the region. That same day, the Metropolitan Transportation Authority, which oversees the subway and buses, announced it was facing a budget crisis and might have to drastically raise fares … [Read more...] about Amazon is coming. Can New York’s transit system handle it?
NEW YORK: A senior North Korean official arrived in New York on Wednesday (May 30) for talks on salvaging a summit meeting between US President Donald Trump and Kim Jong Un.Kim Yong Chol, a close aide of North Korean leader Kim Jong Un and vice chairman of the ruling Workers' Party's Central Committee, arrived at New York's John F. Kennedy airport on a flight from Beijing. He was later seen entering a hotel in midtown Manhattan.Kim Yong Chol is due to meet with US Secretary of State Mike Pompeo on Wednesday and Thursday to discuss whether to go ahead with an unprecedented meeting between US President Donald Trump and North Korean leader Kim.The summit, originally planned for Jun 12 in Singapore, has been cast in doubt as the two countries - which have technically been at war since the 1950s - test each other's diplomatic mettle.Trump last week called off the summit after North Korea expressed anger at comments by senior US officials. But Trump later said he was … [Read more...] about Top North Korean official arrives in New York for talks on summit
By Kristin Rushowy Queen's Park Bureau Rob Ferguson Queen's Park Bureau Wed., April 4, 2018 Premier Kathleen Wynne has no desire for a trade spat with New York State — but says Ontario had to respond to its Buy American legislation amid concerns about a wider “protectionist wave.” “My hope is that we’ll see that there will be a change in their attitude, but they knew that we were going to respond. I’m always going to stand up for Ontario businesses and Ontario workers,” she told reporters at a news conference Wednesday morning. “You know we’re reacting to a protectionist wave and it’s not what we want. I don’t want to be in a situation where we are in a trade conflict with New York. They are a great partner. “We have had a long history of working together and that’s what I would like to see continue. But they knew that if they brought in even a narrow Buy America … [Read more...] about Trade spat with New York ‘not what we want,’ says Wynne
caption A rendering of the Hudson Yards neighborhood, under construction in Midtown West, one of New York City’s proposed sites for Amazon’s HQ2. source Related Companies New York is known for being a crowded city. Yet the metropolis has still managed to offer up to 62.5 million square feet of vacant space where Amazon could choose to build its second headquarters, dubbed HQ2. New York City is one of 20 finalist cities and regions that could get Amazon’s $5 billion campus. The company has said that it will select the winner in early 2018, and expects to bring 50,000 jobs to whatever city is picked. Amazon’s HQ2 search committee will visit NYC to look at potential sites some time in April, Bisnow New York reports. (It’s unclear exactly when the visit will take place.) The company has already traveled to Washington, DC, Chicago, and Denver, to speak with local officials about their proposals. NYC faces a lot of competition, but it … [Read more...] about Amazon officials are reportedly visiting New York City in April — here’s what the city proposed for HQ2