Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets during this important unfolding story.
福利网站Corporate bailouts should be quick, big and wide. From airlines to carmakers to restaurants, businesses around the world are pleading for state support to cope with the coronavirus-induced blow to their revenue. Governments are scrambling to help. The best way to do so is to swiftly offer cheap loans to any business that wants them.
福利网站A tortuous Japanese takeover battle has taken a viral twist. Unizo, an owner of hotels and commercial property, is backing a $1.9 billion bid from buyout shop Lone Star that matches the price offered by peer Blackstone. Fresh Covid-19 volatility could accelerate an endgame, but also calls into question the structure of the frontrunner’s deal.
No standing on ceremony for Andrew Bailey. Within a week of taking up his new job, the head of the Bank of England has slashed interest rates to a record low and announced more bond buying. Federal Reserve Chairman Jerome Powell and European Central Bank President Christine Lagarde have done similar things in the past week. Their best efforts won’t fix one of the problems that is causing them headaches.
福利网站Dave Portnoy has had a crappy week. The Barstool Sports founder, who calls himself “El Presidente,” was already coping with coronavirus shutting down the American athletic leagues that provide the grist his website relies upon for its daily fodder of irreverent videos and hilariously obnoxious social posts. Portnoy, who founded Barstool in his mom’s Boston-area basement 17 years ago, was also toiling with Tom Brady’s exit as quarterback for his beloved New Englan
Christine Lagarde is building her legacy early and quickly. Less than five months after taking charge, the European Central Bank boss unveiled plans to buy assets worth 750 billion euros. That fixes some of the problems plaguing the euro zone. It also shores up her claim to be Mario Draghi’s worthy heir.
Visibility is improving for China’s Trip.com . As most of the world hunkers down in place, the $12 billion online booking site reckons it could be through the worst of the virus. First-quarter sales are expected to halve, but boss Jane Sun also sees a rebound coming at home, where the epidemic may be ebbing. It offers a glimmer of hope in a sea of economic gloom.
福利网站Covid-19 is causing a global recession. Ever stricter restrictions on activity are pushing down gross domestic product throughout Europe and the United States, while economic activity will only slowly return to normal in China and South Korea. However, these macroeconomic numbers fail to capture the unusual nature of the current situation.
A savage panic grips the planet just as oil prices collapse. Substitute the coronavirus for the sub-prime mortgage meltdown, and 2020 is beginning to sound like 2008. Twelve years ago, the urgent need to rescue banks following the financial crisis pushed the requirement to cut carbon emissions down policymakers’ to-do lists. The pandemic risks another serious delay.
福利网站China’s war on U.S. newspapers could backfire economically. Beijing is expelling reporters from the Wall Street Journal, the New York Times and the Washington Post in retaliation for U.S. restrictions on Chinese state media. For foreign investors who are already inclined to discount local financial reporting, it’s another red flag. It also risks further inflating the fake news bubble enveloping President Xi Jinping.
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Sign up for a free trial of our full service at and follow us on Twitter and at . All opinions expressed are those of the authors.
Media companies are taking the opportunity to reach homebound consumers by dropping paywalls and releasing movies ahead of schedule. It’s beneficial to society, but it’s also a powerful sampling tool to get people hooked on new services, says Jennifer Saba.