Viewsroom

Breakingviews columnists talk about the big numbers, crunchy deals and nasty spats in global business and economics, offering a weekly dose of financial insight that goes beyond the concise and provocative views readers get from our columns every day.

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News
1
Behind Britain’s self-inflicted financial crisis
Sterling fell to a record low and gilt yields soared after finance minister Kwasi Kwarteng unveiled a raft of unfunded tax cuts. In this Viewsroom podcast, Breakingviews columnists explain the long-term damage to the UK’s credibility and what will rebuild investors’ confidence.
18 min
2
Italy’s first female leader, Amazon’s monopoly
Far-right leader Giorgia Meloni is favourite to become prime minister after Sunday’s election. In this Viewsroom podcast, Breakingviews columnists debate how she will handle Rome’s debt, which is expected to reach 148% of GDP. And: the online retail giant’s antitrust battle.
21 min
3
Disney’s big ESPN choice, Rio Tinto Mongolia drama
Activist Dan Loeb backed away from his demand that the $203 bln media firm sell its sports network. In this Viewsroom podcast, Breakingviews columnists debate whether it’s the right move. And the $94 bln mining giant’s attempt to secure copper supply may need heavier machinery.
17 min
4
The consequences of Europe’s energy crisis
As Russian President Vladimir Putin cuts off gas through a key pipeline, Breakingviews columnists discuss the response from UK and European governments, how the shutdown could have some longer-term benefits, and when Russia will feel the squeeze of lost revenue.
19 min
5
Chinese audits, Vaccine wars, UK tax cuts
Beijing will let companies submit to U.S. audit requirements. In this Viewsroom podcast, Breakingviews columnists argue only weak firms will comply. Also, Pfizer and Moderna’s legal battle is unlikely to create a winner, and Britain’s prime ministerial hopefuls debate handouts.
25 min
6
Do hybrid vehicles help or hurt the environment?
Automakers like Toyota still favour cars that run on both batteries and fossil fuels. In this Viewsroom podcast, Breakingviews columnists debate whether this is smart given shoddy power grids and rising cell costs, or a dangerous distraction in the battle against climate change.
22 min
7
Walmart inflation alarm, Unilever’s pricey remedy
America’s largest private employer’s market value fell $35 bln amid a profit warning. In this Viewsroom podcast, Breakingviews columnists discuss how customers shifting to low-margin food is a harbinger for rivals. Also, the Dove maker is pushing quality versus quantity sales.
18 min
8
China’s multi-layered property crisis explained
Homeowners in the world’s second-largest economy are refusing to pay mortgages on unbuilt homes. In this Viewsroom podcast, Breakingviews columnists describe how government deleveraging policy destabilised the sector – and President Xi Jinping’s unpalatable options for fixing it.
19 min
9
Japan’s post-Abe future, Europe’s currency problem
The assassination of former Prime Minister Shinzo Abe is an end of an economic era. In this Viewsroom podcast, Breakingviews columnists debate how his party’s success could bring about big spending. Also, the euro’s decline is a problem for central bank chief Christine Lagarde.
17 min
10
Kraft Heinz grocer war, China’s creaking economy
Tesco has pulled products made by the $47 bln baked bean producer over price rises. In this Viewsroom podcast, Breakingviews columnists debate how this loss of variety could open the door for rivals to expand. Also, the People’s Republic’s means of hitting economic goals.
14 min
11
Robinhood’s reversal, Russian oil cap
The digital brokerage is worth less than a quarter of its $32 bln IPO value. In this Viewsroom podcast, Breakingviews columnists argue that its $7 bln cash pile and ample user base make it an attractive target. Also, Western leaders’ plan to restrict funds to Moscow may backfire.
19 min
12
Gulf pot of gold, China’s unemployment problem
Investment banks like HSBC and Citigroup are beefing up teams in the Middle East to rake in juicy IPO and M&A fees. In this Viewsroom podcast, Breakingviews columnists discuss why early investment is paying off. Also, the People’s Republic’s jobs crisis is likely to worsen.
16 min
13
Indian cricket, Brexit breakdown, BlackRock voting
Disney took half the viewing rights to the country’s top sport league which fetched $6.2 bln. In this Viewsroom podcast, Breakingviews columnists debate who won. They also discuss Boris Johnson's plan to rip up his EU exit deal and BlackRock’s efforts to distribute voting rights.
28 min
14
New York hybrid working woe, Toshiba’s options
The work from home revolution looks here to stay with nearly 80% of surveyed employers accepting it as the new norm. In this Viewsroom podcast, Breakingviews columnists discuss how this will be painful for office landlords. Plus, the $22 bln Japanese company’s mysterious future.
18 min
15
Big four breakup plan, America’s big spenders
EY is considering splitting its audit unit from its fast-growing consulting practice. In this Viewsroom podcast, Breakingviews columnists debate a possible $60 bln valuation and why the plan may create few winners. Also, inflation is creating a murky economic picture stateside.
14 min
16
HSBC’s jarring ESG message, Davos in spring
The bank’s head of responsible investing believes policymakers are exaggerating the financial risks of climate change. In this Viewsroom podcast, Breakingviews columnists discuss the ramifications of those remarks. Plus: The World Economic Forum is back, but the mood is dour.
20 min
17
Crypto’s day of reckoning, Goldman holiday perks
Terra unravelled while $75 bln Tether wobbled. In this Viewsroom podcast, Breakingviews columnists discuss why reforming stablecoins which are supposedly linked to the dollar could dent their allure. Also, the Wall Street firm’s vacation offering is unlikely to benefit staff.
24 min
18
Chelsea’s generous buyer, U.S. inflation pain
Roman Abramovich is selling the soccer team to a group led by LA Dodgers co-owner Todd Boehly for $3 bln. In this Viewsroom podcast, Breakingviews columnists discuss the chunky valuation and the owner’s spending plans. Also, high prices are hitting the rich as well as the poor.
16 min
19
HSBC breakup, Big Oil’s surprise restraint
The $129 bln bank is under pressure from its largest shareholder to spin off its Asian unit. In this Viewsroom podcast, Breakingviews columnists discuss why the plan deserves short shrift. Also, the decision by oil giants to limit production will win few friends.
14 min
20
Elon Musk’s Twitter funds, Netflix with ads
Tesla’s boss is close to clinching control of the social network, having secured financing from Wall Street. Breakingviews columnists discuss why the bet makes sense for banks in this Viewsroom podcast. Also, the streaming service’s subscriber pain may lead to bountiful change.
19 min
21
Twitter’s scarce suitors, Didi’s New York exit
As Elon Musk dangles a $41 billion offer, Breakingviews columnists discuss whether anybody will end up buying the social network in this Viewsroom podcast. Plus, the Chinese ride-hailing firm cancels its U.S. listing less than a year after arriving, leaving shareholders stranded.
20 min
22
Covid shuts down China, Baltic lessons for Germany
As Shanghai grapples with a coronavirus outbreak and almost one-third of the country’s population is under lockdown, Breakingviews columnists discuss the impact on China’s economy in this Viewsroom podcast. Plus, tiny Lithuania shows European countries how to give up Russian gas.
20 min
23
Culture wars: Musk’s Twitter punt, French election
Outspoken political and business leaders are making big moves. In this Viewsroom podcast, Breakingviews columnists discuss why Twitter may have reaped the benefits from Elon Musk’s investment and how French president Emmanuel Macron needs to work hard to win over voters.
16 min
24
China jitters, energy decoupling and Russian gold
The war in Ukraine is spurring investors and governments to act fast. In this Viewsroom podcast, Breakingviews columnists discuss foreign cash fleeing Beijing, the West’s rapid plan to de-Russify its energy mix and Vladimir Putin’s options for his $140 billion gold chest.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
23 min
25
The Covid effect: Sheds, Hong Kong, Conferences
The pandemic continues to shape business and policy around the world. In this Viewsroom podcast, Breakingviews columnists debate a possible 21 bln euro bid for city-centre warehouses, the relaxing of restrictions in Hong Kong, and a recent conflab of M&amp;A advisers in New Orleans.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
25 min
26
Nickel gets nixed, French firms linger in Russia
The war in Ukraine is affecting far corners of global finance. In the Viewsroom podcast, Breakingviews columnists explain how the conflict helped bring nickel trading to a halt in London. And why oil giant Total and carmaker Renault are resisting the exodus by Western companies.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
28 min
27
Russia financial fallout contained, for the moment
The imposition of sweeping financial sanctions by the West to punish President Vladimir Putin’s invasion of Ukraine didn’t result in a Lehman-like moment in debt and equity markets. But there are still many unknowns to fret about, our columnists say in the Viewsroom podcast.&nbsp;&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
32 min
28
Viewsroom: Russia and Ukraine, Credit Suisse woes
As President Vladimir Putin launches the biggest attack on a European state since World War Two and the West prepares its response, Dasha Afanasieva and Gina Chon discuss what comes next. And Liam Proud explains how an embarrassing data leak is the Swiss bank’s latest headache.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
20 min
29
Viewsroom: Ukraine, ECB and India’s giant insurer
Worries about an invasion of Ukraine have rattled markets, but Dasha Afanasieva says Russian investors are more sanguine. The European Central Bank faces a tougher inflation juggling act, argues Swaha Pattanaik. And Una Galani discusses the listing of India’s Life Insurance Corp.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
28 min
30
Viewsroom: Spotify, Peloton and failed chip deals
Neil Young’s podcast protests have shone a light on a potential flaw in Spotify’s business model, says Liam Proud. Peloton highlights the danger of giving company founders too much voting power, Rob Cyran argues. And semiconductor M&amp;A gives global antitrust regulators agita.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
25 min
31
Viewsroom: Credit Suisse chair, Unilever’s GSK bid
As António Horta-Osório quits the Swiss lender after less than a year, Liam Proud explains what happened and offers career advice. And Unilever’s 50 bln pound offer for the pharma giant’s consumer unit puts both CEOs on the spot, say Aimee Donnellan and Dasha Afanasieva.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
18 min
32
Viewsroom: A $3 trln Apple, Theranos boss busted
The company led by Tim Cook hit another mega-milestone thanks to a lightning focus on the iPhone universe and investor willingness to accord it a market-beating multiple, Richard Beales explains. And Elizabeth Holmes draws bright lines between hype and fraud, Gina Chon says.&nbsp;&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
16 min
33
Viewsroom: More 2022 predictions and prescriptions
M&amp;A bankers will need to think small, in size, but big when it comes to helping clients meet net-zero climate targets. Watch for Big Pharma to tool up in the data arms race. And the Great Resignation will hit executive suites because running companies remotely is no fun.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
26 min
34
Viewsroom: Some of our 2022 predictions, Part One
Look for an end to the cult of revenue and another milestone for Microsoft. As net-zero efforts falter, investors ready a Plan B. Riyadh becomes strangely appealing. The World Cup pays dividends for the Gulf. And chips become Taiwan’s green calling card. Our columnists explain.&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
34 min
35
Viewsroom: China goes global, Harleys go electric
Gina Chon assesses how China’s 20 years of membership of the World Trade Organization have played out compared to expectations in 2001. And Jonathan Guilford test-drives Harley-Davidson’s deal to merge its electric-motorcycle unit with a blank-check company.&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
18 min
36
Viewsroom: Omicron hits, Dorsey quits
As the world gets to grips with a new coronavirus variant, Swaha Pattanaik looks ahead to how Omicron could frustrate attempts to rein in rising prices. Meanwhile, Gina Chon watches Twitter say goodbye to founder Jack Dorsey and usher in a new, still-quirky governance setup.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
18 min
37
Viewsroom: Barbarians invade Rome; Biden’s Fed
The board of Italy’s phone monopoly has a golden opportunity to end to years of creeping control, poor governance and dismal performance by considering a sale following the unsolicited $12 bln bid from KKR. And Gina Chon explains why Jay Powell has the hardest job in finance.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
20 min
38
Viewsroom: European bank M&A, De-Dutching Shell
Big lenders in the euro zone are doing deals, but not the kind investment bankers dream about. BNP Paribas is in U.S. retreat, BBVA bulks up in Turkey and KBC goes Bulgarian. Liam Proud explains. George Hay explains why the Anglo-Dutch oil major is dropping the Dutch bit.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
17 min
39
Viewsroom: GE goes for breakup; COP not out yet
Though Larry Culp’s move to separate the U.S. industrial conglomerate into three parts marks the end of an era, the decision was inevitable, John Foley argues. And the UN climate do kicks off its second week with one step backward. George Hay and Rob Cox check in from Glasgow.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
21 min
40
Viewsroom: Climate and tech shindig dispatches
World and business leaders made some headway in pledges to limit planetary frying during the first week of COP26 in Glasgow, say George Hay and Rob Cox. Also, venture capitalists and startups mingled along the banks of the Tagus in Lisbon with Peter Thal Larsen and Karen Kwok.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
30 min
41
Viewsroom: Soccer, steel and the COP; Andrea Orcel
As world leaders and corporate chieftains converge on Glasgow for the UN climate powwow, Rob Cox and George Hay talk about one European steel town’s struggle to transition from hydrocarbons to a green new era. And Lisa Jucca discusses the latest on UniCredit’s M&amp;A options.&nbsp;&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
20 min
42
Viewsroom: Oz goes green-ish; “Squid Game” wins
Australian climate policy is a work in progress, and Antony Currie fears the country’s net-zero plans may yet prove to be a damp squib. On the other hand, the South Korean drama is anything but: Jennifer Saba explains why the show is a major victory for Netflix and its investors.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
17 min
43
Viewsroom: IMF’s big brouhaha, European retailing
The multilateral lender’s boss, Kristalina Georgieva, rode out data-rigging charges. Now she has got a lot to prove. Swaha Pattanaik ticks through how she can remake her legacy and reform the institution. Aimee Donnellan walks through the aisles of French supermarket finance.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
21 min
44
Viewsroom: Electric-car global roundup; Facebook
Rivian drops its IPO prospectus, Volvo readies its public market return, Hertz brings on a car guy and GM gets a thumbs up from Engine No. 1. Antony Currie puts it all together. And what does Facebook’s outage mean for shareholders? Gina Chon and Richard Beales weigh in.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
21 min
45
Viewsroom: Basket-case Britain; Gambling in Macau
Trucker shortages, partly thanks to Brexit, have been blamed for all manner of UK economic hardships, from toilet paper scarcities to long queues at petrol stations. Ed Cropley and Peter Thal Larsen explain. And our columnists in Hong Kong discuss casinos and investment banking.&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
20 min
46
Viewsroom: Evergrande is a mostly domestic crisis
Global investors have woken up to the potential financial risks that the heavily indebted Chinese property developer poses. Breakingviews Asia columnists explain, though, that even in a worst-case scenario its effects beyond the country’s borders should be limited.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
18 min
47
Viewsroom: Breaking up Ant, smokes and flavors
Beijing’s crackdown on Jack Ma’s fintech giant continues, but there may be some silver linings to the latest wrinkle, Robyn Mak tells Pete Sweeney. Meantime Dasha Afanasieva explains what a cigar spinoff at Swedish Match and carveouts at Royal DSM have in common.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
21 min
48
Viewsroom: Bitcoin, El Salvador and Roger Federer
As the Central American country adopts the cryptocurrency as a coin of the realm, Richard Beales and Gina Chon discuss the merits of stablecoins and the scramble by regulators to catch up with the market. Karen Kwok takes a slice at Roger Federer-backed running shoe outfit On.&nbsp;&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
17 min
49
Viewsroom: Scoring Ronaldo’s return to Man Utd
Shareholders cheered the prolific Portuguese striker’s surprise decision to rejoin his former club in England. His three-year stint at Juventus, though, was hardly a clear financial victory. Plus: An $80 bln IPO valuation for electric-truck maker Rivian would be too racy.<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
15 min
50
Viewsroom: China’s push for common prosperity
Markets have been hit by a series of crackdowns in private tutoring, data security and more. Underlying this is Beijing’s effort to limit rich excesses and boost middle-class wealth, which could curb the performance of the country’s biggest and best-known private companies.&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>
13 min
51
Viewsroom: China’s Afghanistan question
Beijing was able to expand its influence in central Asia while America and its allies held back the Taliban. The Islamic fundamentalists’ return to power presents China with new challenges – and opportunities. Plus: CEO Mike Henry shakes up mining gian...
27 min
52
Viewsroom: Battling the climate emergency
A new U.N. report on global warming gives financiers fresh reasons to take bigger steps to help avert or mitigate the consequences, Breakingviews editors argue. A plan by the UK’s Prudential and the Asian Development Bank to close coal-fired power stat...
19 min
53
Viewsroom: Jack Dorsey takes a trip Down Under
Square’s $29 bln takeover of Aussie fintech darling Afterpay shines a light on the “buy now, pay later” craze, which poses a big challenge to many established players in the banking and payments businesses, argue Melbourne-based editors Jeff Goldfarb a...
11 min
54
Viewsroom: Climate transition, Chinese stocks
Some of the biggest investors, including Brookfield and TPG, are launching mega-funds to invest in the global transition to a net-zero economy in what could be the ultimate new asset class. Richard Beales and Rob Cox discuss. Plus, Beijing’s crackdown ...
17 min
55
Viewsroom: Olympic blunders and Robinhood’s IPO
The Tokyo games are struggling with rising Covid-19 infections, corporations pulling out, an unenthused Japanese public and now a bad Holocaust joke. Pete Sweeney and Rob Cox discuss. Meantime, John Foley says Robinhood resembles E*Trade 20 years ago –...
20 min
56
Viewsroom: Finance’s first-rate second quarter
Earnings&nbsp;of&nbsp;Wall Street’s largest banks confirmed that animal spirits among corporate chiefs and global investors are running high, while pandemic-shy consumers are getting their mojo back. John Foley walks Rob Cox through JPMorgan, G...
14 min
57
Viewsroom: Grocer buyouts, More China crackdowns
Why are private equity firms clogging the aisles at Britain’s WM Morrison to pull off a near-$9 billion purchase of the supermarket chain? Aimee Donnellan and Peter Thal Larsen explain. And our Asia columnists discuss Beijing’s new attitude to U.S.-tra...
24 min
58
Viewsroom: Communist birthday, Little guys in IPOs
China’s Communist Party turns 100. The institution&nbsp;has never been so popular at home or resented abroad. Its leaders are experts at the nuances of control and long on ambition, Pete Sweeney says. Plus, Wall Street enlists individual investors ...
20 min
59
Viewsroom: Wall Street is open again and booming
From Morgan Stanley to BlackRock, the world’s top investment banks and money managers are back in their offices and super busy with mergers, IPOs, LBOs and other activities thumping. Plus, Soho House and Wise go public and green hydrogen megalomania on...
33 min
60
Viewsroom: Private equity gets funky, HK hiring
Blackstone, KKR, Carlyle and other firms are flipping the leveraged buyout playbook with deals that, while less dependent on debt, don’t always add up for their backers. Meanwhile, investment banking is fast becoming the fragrant harbor’s monoculture. ...
24 min
61
Viewsroom: Vaccine carrots and sticks, plus donuts
Governments and companies are dangling incentives for people to get jabbed against Covid-19. But it will take more than free weed, lottery tickets and beer to reach herd immunity, Jeff Goldfarb explains. And Dasha Afanasieva says take the pastries, lea...
17 min
62
Viewsroom: Big Oil’s global blow
A small activist fund upended Exxon Mobil’s board while Shell was dealt a setback in a Dutch courtroom. At the same time, Chevron shareholders backed a proposal to cut more emissions. The interests of both stakeholders and shareholders are rapidly alig...
15 min
63
Viewsroom: AT&T’s second breakup, Asian super-apps
The telephone company’s deal with Discovery, the reversal of a failed strategy to become a media juggernaut, opens a window into streaming warfare; and the creation of Southeast Asia do-everything internet group GoTo is a prelude of more to come. Plus,...
22 min
64
Viewsroom: China’s baby bust, European SPAC boom
China’s census data showed the population grew just 0.53% every year in the decade to 2020, with fertility rates dropping to Japanese levels. That’s bad news for growth. And European rainmakers like Claudio Costamagna and Ian Osborne offer market-frien...
17 min
65
Viewsroom: Detailing the artistry of the SPAC
Though special purpose acquisition vehicles&nbsp;are nothing new, the recent boom in fundraising and&nbsp;dealmaking&nbsp;has provided fertile hunting grounds for Breakingviews columnists. Lauren&nbsp;Silva&nbsp;Laughlin and Richard...
16 min
66
Viewsroom: Life from the latest Indian lockdown
Images of vast funeral pyres, overcrowded hospitals and empty streets have been emanating from India as the country grapples with surging Covid-19 infection rates. Una Galani surveys the situation on the ground from Mumbai and discusses the government’...
16 min
67
Viewsroom: The Super League’s short, unhappy life
The richest&nbsp;European soccer clubs, including Juventus and Real Madrid, swiftly aborted plans to create a breakaway competition. But as Liam Proud and Peter Thal Larsen explain, the financial appeal of a U.S.-style sporting cartel remains irres...
26 min
68
Viewsroom: Cross-border travel hassles, Alibaba
For businesspeople eager to get back on the road, three lucky Breakingviews editors share their experiences of hopping across the Atlantic, traveling to India and navigating Europe’s arbitrary rules. Asia columnists discuss how&nbsp;Beijing has com...
34 min
69
Viewsroom: Asia’s E-car mania, U.S. infrastructure
Huawei makes telecoms, Haier dishwashers, Xiaomi phones, Evergrande condos. Now, these Chinese companies all want to make battery-powered vehicles too. And while on the subject of building, U.S. President Joe Biden is going big. Maybe too big for the b...
22 min
70
Viewsroom: Everything we know about Archegos
The extraordinary unwinding of Bill Hwang’s family office was one of those rare stories that connected Breakingviews columnists from Hong Kong, New York, Zurich, London, Melbourne and Washington into one big, hard-working family.&nbsp;Here&nbsp...
25 min
71
Viewsroom: Turkish trouble and emerging markets
President Tayyip Erdogan’s abrupt firing of a third central bank governor forced investors to contemplate whether this might precipitate a run on financial assets in other developing markets, including South Africa. Breakingviews columnists discuss the...
16 min
72
Viewsroom: The jabbed and jabbed nots, Jardine
Vaccination programmes are running apace in the UK,&nbsp;U.S.,&nbsp;Israel and other nations,&nbsp;but&nbsp;they have worryingly stalled in Europe. This reflects more than just differing health systems, Breakingviews columnists argue. P...
23 min
73
Viewsroom: Greensill/Credit Suisse, GE, Diversity
Big names in finance, like Credit Suisse and tycoon Sanjeev Gupta, are suffering collateral damage from the UK supply chain lender’s collapse.&nbsp;The sale of aircraft leasing brings GE closer to CEO Larry Culp’s light-bulb moment. And working fro...
27 min
74
Viewsroom: Wall Street CEOs’ pay, Sea, Greensill
A plague year for the world was a relatively rich one for the heads of Morgan Stanley, JPMorgan and Wells Fargo;&nbsp;Southeast Asian tech conglomerate Sea navigated choppy waters to a $127 bln market value; Greensill’s&nbsp;problems may not be...
26 min
75
Viewsroom: Electric cars share some market fever
Toyota, Ford and GM are all trading at their highest level in years as investors start to pick some winners among traditional automakers. Fear of missing the next Tesla, though, means shareholders are keeping the heady valuations for upstarts like late...
14 min
76
Viewsroom: Breakingviews’ new SPAC needs a name
Blank check mania has crossed the Atlantic, bringing with it hopes of riches for well-connected financiers, underwriters,&nbsp;startup&nbsp;founders and ordinary investors. The U.S. example, though, offers some warning signs, our columnists sug...
20 min
77
Viewsroom: Tesla/bitcoin, Hydrogen, French finance
Elon Musk has gone full cryptocurrency. Tesla’s $1.5 bln bitcoin buy is&nbsp;a wink to virtual-investment, anti-establishment fervor, if a challenge to accounting rules, Richard Beales argues. Meantime, Japanese carmakers are going gaga for hydroge...
24 min
78
Viewsroom: Bezos takes step back, Draghi steps up
Amazon&nbsp;founder Jeff Bezos is handing the baton to Andy Jassy so he can spend more time with his rockets, a move that’s not always smooth sailing,&nbsp;Jennifer&nbsp;Saba tells Rob Cox. Meantime Mr. Whatever It Takes, Mario Draghi, is s...
22 min
79
Viewsroom: Short squeeze craziness, Oz in the lead
Something completely wacky is happening with GameStop and a few other stocks favored by short sellers, and it’s likely to end very&nbsp;poorly for&nbsp;some armchair traders, Breakingviews columnists discuss. Plus, a visit to our Melbourne bure...
23 min
80
Viewsroom: Biden’s inauguration, China’s stresses
The new U.S. president arrives with a long to-do list, good intentions and a swelling national debt pile. Gina Chon and Richard Beales talk with John Foley about what to expect. Plus: New lockdowns bring fresh financial problems in China, as Yawen Chen...
23 min
81
Viewsroom: Predictions and prescriptions (Part 2)
A Joe Biden-Xi Jinping reset will be unsatisfying; China’s economic revival will frustrate critics; Southeast Asia will be the next tech hot spot; HSBC will retreat from America; and Hong Kong’s exchange will rethink&nbsp;deals. Pete Sweeney,&n...
22 min
82
Viewsroom: Predictions and prescriptions (Part 1)
Governments will become activist investors; U.S. airlines will merge;&nbsp;data centres will be the new ESG target;&nbsp;energy giants to consider renewable spinoffs; Tesla will buy Daimler; European soccer gets more American and more. Rob Cox,...
24 min
83
Viewsroom: Bank dividends and Chinese rentals
European regulators’ cautious lifting of a ban on bank dividends leaves investors in limbo, plus details of an unusually bold growth strategy from Credit Suisse. And the collapse of China’s WeWork-like apartment rental middlemen has left many young ten...
25 min
84
Viewsroom: Davos in Singapore, Bob Dylan sells out
The World Economic Forum’s decision to hold its annual chinwag in Southeast Asia instead of Switzerland this coming spring isn’t as simple as it sounds, Davos vets Peter Thal Larsen and Una Galani tell Rob Cox. Meantime, Anna Szymanski breaks down the ...
22 min
85
Viewsroom: Biden’s money team, Bank boss shuffle
The American president-elect has put forward a diverse and competent team of people to oversee economic policy, including Janet Yellen at Treasury. Across the pond, European banks engage in a bit of CEO and chairman musical chairs. Breakingviews column...
30 min
86
Viewsroom: Vaccines suggest light at tunnel’s end
Moderna and Pfizer came out with encouraging news on the fight to immunize the world against COVID-19, giving hope the pandemic’s end is near. Meantime, China’s Sinovac finds its trials are undermined by a puzzling governance disaster. Breakingviews co...
25 min
87
Viewsroom: Chinese tech crackdown, The vax trade
Beijing took Alibaba, Tencent and others to task over monopolistic practices; and global financial markets got a boost from Pfizer’s revelation that its Covid-19 vaccination may be super-effective. Breakingviews columnists around the world weigh in on ...
23 min
88
Viewsroom: What Biden bodes for money and markets
Without a clear Senate majority, the former vice president will need to tack to the center when he occupies the White House. For Wall Street that’s a bullet dodged. For other industries, it’s a mixed bag. For multilateral institutions, it’s an improvem...
19 min
89
Viewsroom: What we’re expecting on election night
If Joe Biden wins Donald Trump’s place as POTUS on Nov. 3, and the Senate turns Democrat, lots of things will change – chief among them tax and economic policy. But big tech companies and China’s Communist Party will gain no reprieve. Rob Cox, Gina Cho
25 min
90
Viewsroom: Asia’s richest man, China dependency
Mukesh Ambani can divide his $200 bln Reliance Industries and still rule, says India editor Una Galani. Meantime, European and U.S. multinationals are growing increasingly reliant on Chinese growth, seeding future financial and political risks, Rob Cox...
25 min
91
Viewsroom: On the road again, Zambia, Super-apps
Airlines columnist Ed Cropley boards his first plane since Covid-19 hit, and experiences travel in the pandemic era on a visit to Munich. He also discusses the financial proxy war over Zambia’s debt restructuring. Meantime, Asia goes mad for all-singin...
19 min
92
Viewsroom: Masks, masks everywhere; Tech breakups
The widespread covering of mouths and noses to stifle Covid-19 has spawned a mini-manufacturing boom, with some downsides, Sharon Lam tells Rob Cox. Yet the economic benefits of mask mandates are plentiful, Lisa Jucca argues from Milan. Plus, Congress ...
19 min
93
Viewsroom: Disastrous debate, Italian soccer deal
The first of the U.S. presidential debates was shambolic, with almost no substance on economic policy for investors or markets to sink their teeth into. On a lighter front, though, Italy’s Serie A soccer league has a chance to regain its glory. Breakin...
25 min
94
Viewsroom: The dream team to fix America’s economy
As voters head into the final stretch of the U.S. presidential election, Breakingviews has released a new interactive tool to help Joe Biden or Donald Trump pick a cabinet of economic all-stars. Listen to our picks for the battling candidates and learn...
33 min
95
Viewsroom: Credit-UBS, Bernard Arnault and Japan
A merger of Credit Suisse and UBS has some merits on paper, but would be bloody in practice, says Liam Proud. Plus, the LVMH billionaire’s impeccably ruthless dealmaking is on full display with the Tiffany takeover. Pete Sweeney and Sharon Lam discuss ...
22 min
96
Viewsroom: Republicans hammer it home
At their quadrennial convention,&nbsp;the GOP didn’t give much insight into what four more years of Trump&nbsp;would&nbsp;look like. But they were consistent in battering the Democrats and Joe Biden as a Trojan horse for socialism and other...
11 min
97
Viewsroom: Democrats pitch normalcy first
The Democratic National Convention wound up four days of speeches and spectacle with no unforced errors, a broadly appealing economic message and, above all, a call for a restoration of broken norms. Next up, the Republicans. Rob Cox, John Foley and An...
14 min
98
Viewsroom: Biden takes corporate succession cue
The presumptive Democratic candidate to challenge Donald Trump for the presidency chose California Senator Kamala Harris as his running mate. Gina Chon and Rob Cox discuss the parallels with corporate succession planning and what the choice says about ...
13 min
99
Viewsroom: Silicon Valley spotlight
The CEOs of&nbsp;Big Tech companies&nbsp;faced off against U.S. lawmakers during an antitrust hearing that raised new evidence about past acquisitions. Meanwhile, Japan’s Ootoya and Colowide engage in a food M&A fight. And: SoftBank CEO Mas...
24 min
100
Viewsroom: Europe’s big money moment and baijiu
The 750 bln-euro stimulus package agreed to by EU leaders this week was a test of the region’s political resiliency, may be a big deal for the single currency and could lead to more capital markets and M&A activity, EMEA Editor Peter Thal Larsen ex...
17 min