JPMorgan plans to build a new tower in Canary Wharf for its headquarters in the UK. The office building would be London's largest by far at three million square feet and could host as many as 12,000 employees, according to a statement from the investment bank Thursday. The construction is expected to take six years.

London

JPMorgan has revealed plans to build a new principal UK headquarters in Canary Wharf, London, which will become the largest office building in the city and one of the largest in Europe. The new site is designed to accommodate up to 12,000 employees and is projected to contribute nearly £10 billion to the local economy over a six-year period.

The decision comes amid a shortage of large office spaces in London, with developers facing challenges from Brexit, the COVID-19 pandemic, and rising interest rates. The project is seen as a significant vote of confidence in both Canary Wharf and the UK, and is expected to benefit local businesses. The building is anticipated to take six years to complete.

JPMorgan plans to build London's largest office building

that would serve as its principal U.K. headquarters and could contribute nearly £10 billion to the local economy over six years. Now, the bank says the new site would accommodate up to 12,000 people and become its most significant presence in the region. Let's bring in Jack Sidders, our team leader for real estate and European investment. Jack, this is a surprise announcement from J.P. Morgan. How big of a vote of confidence is it, A, in Canary Wharf and the U.K. just one day after the budget? Yeah, I mean, absolutely. It's huge. And I guess if we take a step back here and, you know, if you'd ask me, or indeed if you'd ask Sir George Jakabescu, the architect of Canary Wharf, the former chairman and chief executive of Canary Wharf, who's advising J.P. Morgan personally on this, if you'd asked him best part of 10 years ago when the U.K. voted for Brexit, would J.P. Morgan be building what is undoubtedly going to be London's biggest office building, one of the biggest office buildings in Europe, in Canary Wharf? I suspect he would have probably said maybe not. There's a decent risk that they don't. But, you know, we had a story the other day. It's become clear since COVID and since Jamie Dimon, you know, really leading the charge to get people back to their desks. They've been short on space. We knew that. We knew they were looking at options. You know, we'd reported that they'd drafted in fostering partners to look at new plans. But, yeah, and for Canary, it's huge. They could have left. They could have gone back to the city. I think one of the things that it shows us is just how few options there are for big organizations who want a huge new office tower. There just really aren't any being built. Developers have had to put up with Brexit. They've had to put up with COVID. They've had to put up with higher interest rates. There just aren't those buildings available. And so J.P. Morgan has really kind of gone down the maximalist option. They've owned this site for a very long time. They're now going to dust it off and they're going to build an absolutely enormous new HQ there, which will be great for Canary Wharf because that's 12,000 workers who are going to be using the restaurants, the bars, the shopping centers there. So, Jack, what does it also say about Jamie Dimon's legacy? He's put his stamp on Manhattan and it does feel like he's now doing the same in London. Yeah, absolutely. Yeah. We've got Diamond Town in midtown Manhattan now, the big new office headquarters and a couple of other buildings around it. We often, when speculating about his legacy, we talk about five years, five years. Well, this building is going to take six years to deliver. You'd be a brave person to bet that he's not there to cut the ribbon when it's time to open it. And having fully put his imprint on London as well as on New York.

The death toll from the inferno that engulfed a high-rise apartment complex in Hong Kong has surpassed 100. The figure is expected to rise further as rescue and clearing crews search the charred buildings for survivors.

Hong Kong Island

Hong Kong mourns victims of deadly fire in housing towers

Hong Kong firefighters found dozens more bodies Friday during an intensive apartment-by-apartment search of a high-rise tower complex, after a massive fire engulfed seven of its eight buildings. The death toll in one of the city's deadliest blazes is now at least 128.

Tai Po District

Death toll climbs as firefighters contain Hong Kong apartment blaze

U.S. President Donald Trump says Sarah Beckstrom, one of the National Guard members shot in Washington, has died and the other, Andrew Wolfe, is fighting for his life. The suspect in the shooting, Rahmanullah Lakanwal, is in 'serious condition.'

Washington

Trump says one National Guardsman has died after Washington shooting

Video has emerged of two Palestinian men surrendering to the Israeli military with their hands up, before being shot dead in Jenin.

Tel Aviv-Yafo

Two unarmed Palestinians killed in Jenin by Israeli military

Guard members Sarah Beckstrom and Andrew Wolfe were wounded in a shooting that the FBI is investigating as ‘terrorism’.

National Guard members shot in Washington, DC, attack identified

The Russian president reiterated his maximalist demands over occupied areas of Ukraine, and insisted Moscow has no plans of slowing down its full-scale invasion or even negotiating with Kyiv.

Kyiv

Putin demands Kyiv withdraw from Eastern Ukraine

The suspect in the shooting of two National Guard members led a team in the Afghanistan war and worked with U.S. and British forces, according to a former Afghan commando colleague. A DHS official says he was granted asylum earlier this year on humanitarian grounds.

West Virginia

Suspect in National Guard shooting granted asylum earlier this year

Firefighting and rescue missions continued into Thursday for a second day after a massive fire broke out in Hong Kong, gripping a complex of seven high-rise residential buildings. At least 55 people were killed and dozens more were injured in what is the worst fire to hit the territory in decades.

Death toll rises to 55 as blaze rips through Hong Kong tower complex

A Peruvian court on Wednesday (November 26) sentenced former President Martin Vizcarra to 14 years in prison after finding him guilty of taking bribes years before he took office, adding to a list of former leaders jailed for corruption.

Lima

Peru sentences ex-President Vizcarra to prison for corruption

Two National Guard members were shot dead near the White House in Washington D.C. A suspect was taken to hospital with injuries related to a gunshot.

Two National Guardsmen in critical condition after Washington shooting

A suspect is in custody and the scene is secured after a shooting mere blocks from the White House in Washington, D.C., police said Wednesday. DHS Secretary Kristi Noem said two National Guardsmen had been shot.

Suspect in custody after National Guardsmen shot in Washington, D.C.

Brazil's Supreme Court on Tuesday ordered far-right former president Jair Bolsonaro to begin serving a 27-year sentence for plotting a failed coup, after he exhausted all appeals.

Rio de Janeiro

Brazil's Bolsonaro begins 27-year jail term for coup bid

Brazil's Supreme Court on Tuesday (November 25) ordered former President Jair Bolsonaro to begin a prison sentence of more than 27 years for plotting a coup in 2022, according to a court document.

Brasília

Brazil's Bolsonaro to start 27-year prison sentence for coup plot

President Trump says only a few "points of disagreement" remain on a possible deal to end the war between Russia and Ukraine. The president says he will meet with the leaders of both countries only when the deal is in its final stages.

Trump optimistic on Russia-Ukraine peace deal despite recent strikes

The FBI has launched an inquiry into six Democratic lawmakers after President Trump accused them of “seditious behavior” for appearing in a video encouraging U.S. service members to refuse unlawful orders.

FBI probes Democrats over video urging troops to refuse illegal orders

President Donald Trump's administration has ramped up pressure on Venezuelan President Nicolás Maduro by designating the Cartel de los Soles as a foreign terrorist organization. But the entity that the U.S. government alleges is led by Maduro is not a cartel per se.

Caracas

U.S. labels Maduro-tied Cartel de los Soles as terror organization

The head of Sudan's Rapid Support Forces (RSF), General Mohamed Hamdan Dagalo, said late on Monday (November 24) that his paramilitaries would immediately enter into a three-month humanitarian truce in its conflict with the country's armed forces.

Khartoum

Sudan's RSF paramilitary says it will enter into ceasefire

A U.S. official tells CBS News that Ukraine has agreed to a peace proposal brokered by the Trump administration, but some details still need to be sorted out. CBS News' Holly Williams reports.

Ukraine Invasion

Ukraine agrees to peace proposal with Russia, U.S. official says

The Gaza Humanitarian Foundation, the U.S.- and Israeli-backed organization to distribute aid in Gaza, said on Monday (November 24) it was ending its operations after months of criticism over the deaths of hundreds of Palestinians trying to reach GHF hubs.

Divisive U.S.- and Israeli-backed Gaza aid group ends operations

Darfur

Sudan's RSF paramilitary says it will enter into a ceasefire

Chauncey Billups, who was serving as head coach of the Portland Trail Blazers until his suspension, pleaded not guilty on Monday to charges related to alleged rigged high-stakes poker games.

Chauncey Billups pleads not guilty to charges

The Kremlin on Monday (November 24) said that a European counter-proposal to a U.S. 28-point peace plan for Ukraine was not constructive and that it simply did not work for Moscow.

Moscow

Kremlin rejects revised European peace plan to end war in Ukraine

A federal judge has dismissed the criminal cases against former FBI Director James Comey and New York Attorney General Letitia James on the grounds that Lindsey Halligan, the interim U.S. attorney who secured their indictments, was unlawfully appointed to the role.

Cases against James Comey, Letitia James dismissed

At least 90 people have died in a week of torrential rain, flooding and landslides in south-central Vietnam, authorities said. Popular tourist areas have been heavily hit, with parts of Nha Trang submerged and deadly landslides cutting off roads near Da Lat.

Nha Trang

Vietnam flooding kills at least 90

The Trump Administration is ramping up pressure on Venezuela as the Air Force conducted a simulated nighttime attack along the country's coast. Charlie D'Agata has the latest.

Trump ramps up pressure on Venezuela with nighttime Air Force attack

Israel killed Ali Tabtabai, the acting chief of staff of militant group Hezbollah, in an airstrike on a southern suburb of Beirut on Sunday, the Israeli military said.

Beirut

Middle East Conflict

Israel kills Hezbollah military leader in Beirut strike

While Russia and Ukraine continue to exchange daily drone fire, an updated peace framework is being worked out in Geneva between Ukraine, the US and European partners.

Ukraine upholds red lines as Geneva peace talks continue

Álvaro García Ortiz's decision came less than a week after he received a two-year suspension and a fine for disclosing private information about the partner of an opposition politician.

Madrid

Spain's attorney general resigns after conviction over data leak

U.S. President Donald Trump's Department of Government Efficiency has been disbanded with eight months remaining in its mandate, and Office of Personnel Management Director Scott Kupor has told Reuters that the cost-cutting body now "doesn't exist".

DOGE 'doesn't exist' with eight months left on its charter

Al-Burhan rejected a new truce proposal from US envoy as the “worst yet”, accusing the Quad mediators of bias due to the UAE’s involvement.

Breakdown