There are few global industries hotter than co-working, or the practice of renting shared office space to freelancers, startups and other companies. The rise of co-working recently prompted Beijing authorities to add new business-registration requirements, which may be a sign of global regulatory changes to come.
For years, China’s government encouraged privately-owned companies to engage in cross-border acquisitions, and enabled them with cheap debt. This led to the rise of “gray rhinos,” free-spending companies that have dramatically changed the global M&A landscape. Beijing is now looking to rein them in.
In 2009, Greece was sucked into a vortex of mounting public debt, austerity measures, workers’ strikes, referendums and bailouts that’s still spinning. Last week, Greece and its creditors announced an agreement for more Greek austerity measures in exchange for more bailout funds.