Tag: Impact

Sinkhole repairs and clean-up of water main break impact SF Cow Hollow businesses

SAN FRANCISCO — Businesses in the area of a massive water main break and sinkhole in San Francisco’s Cow Hollow neighborhood are feeling the effects of what looks to be a lengthy repair to the streets and sidewalks.

Union Street Coffee Roastery is facing tough times. On Wednesday afternoon, most of the tables in the cafe sat empty. Employee Rolando Moreno said business has slowed significantly due to the huge sinkhole that opened up at Fillmore and Green Streets after a 16-inch water main broke late Sunday evening, flooding some businesses.

SF sinkhole repairs
Repairs are ongoing at a sinkhole that opened up at Green and Fillmore in San Francisco early Monday morning.


Moreno pointed out the damaged area near the Union Street Coffee Roastery that is making it challenging for customers to access the business. 

“This part over here in this corner is very damaged around here and people cannot come through. It’s very hard to walk, And it’s very hard for us. Customers are very slow right now,” he said.

On Tuesday, two smaller holes appeared at Fillmore and Union streets. One is on the sidewalk next to her shop, and one is in the middle of the street.   

Union Street Coffee Roastery is one of several businesses impacted by the water main break. Work to repair the water main and the sinkhole the break closed several surrounding streets in the process. 

Moreno shared that they are still dealing with the aftermath of the water main break, which caused significant flooding inside their store. 

“We’re okay right now. But a couple of days ago, it was really hard because there was a lot of water that came inside the store. And we spent a lot of time cleaning it up, and there’s a lot of damage,” he explained.

Saudi-India Investment Forum builds on business impact of G20 summit

Saudi-India Investment Forum builds on business impact of G20 summit

Saudi-India Investment Forum builds on business impact of G20 summit
Crown Prince Mohammed bin Salman shakes hand with Indian Prime Minister Narendra Modi. (AP)

There may have been criticisms of the G20’s joint declaration at the weekend, including from Ukraine and environmental nongovernmental organizations, but the summit surpassed many expectations and provided some key business takeaways.

This includes the eye-catching new India-Middle East-Europe Economic Corridor initiative, which Saudi Arabia and India are key to. There was also the historic incorporation of the 55 African Union emerging markets into the G20.

Moreover, the business impact continued post-summit, including with Monday’s Saudi Arabia-India investment forum. The Kingdom has emerged as a key partner of India, including in the energy sector, with Riyadh now the third-largest source of crude oil and petroleum products for India.

In October 2019, moreover, the two countries created a Strategic Partnership Council. This body has two pillars: a committee on economy and investments led by the Indian commerce minister and the Saudi energy minister, plus a political, security, social and cultural committee headed by the nations’ foreign ministers.

India is Saudi Arabia’s second-largest trading partner, whereas the Kingdom is India’s fourth-largest. Bilateral trade reached an all-time high of $52.75 billion in 2022-23.

At Monday’s investment forum, the two nations signed a comprehensive energy partnership deal at a time when India — the world’s third-largest oil importer — is looking to become a net exporter of renewable energy.

India has targeted achieving 5 million tons of green hydrogen capacity annually, along with an additional 125 gigawatts of renewable energy capacity by 2030. India is also looking at having 500 GW of renewable energy capacity by the end of the decade.

The India-Saudi Arabia investment forum built on the business impact of the G20 summit at the weekend. Going into