福利网站Silicon Valley is at risk of treating diversity not as a challenge but as a new asset class. Andreessen Horowitz and SoftBank Group have new funds to back entrepreneurs of color, prompted by U.S. protests against racial injustice. Yet the problem isn’t a shortage of capital – it’s that what’s there rarely goes to black and minority founders. The fix for that starts with the venture capitalists themselves.
福利网站Oil’s 2020 roller coaster is on a new downward section of track. After respectively falling below $20 a barrel and turning negative in April, Brent and U.S. crude prices recovered to $40 a barrel amid coordinated supply cuts. Fresh falls in recent days make that level look more like a ceiling.
Donald Trump started the trade war with China, but the broader fight between Washington and Beijing will outlast him. That’s one of the main takeaways from “Superpower Showdown”. The book reminds readers that U.S. anger at the People’s Republic predates the current occupant of the White House. Much of the very public tariff row is familiar. But miscalculations on both sides are a sober warning for future policymakers.
Pearson is a textbook case for activist investment after the pandemic. The education group has been a long-term laggard under departing Chief Executive John Fallon. Though any turnaround is likely to be painstaking, a patient but persistent shareholder can speed the process along. The arrival of Cevian Capital, which on Thursday disclosed a 5.4% stake in the company, looks well timed.
Nothing sums up pandemic dealmaking quite like this: As a merger of America’s top shopping mall operators crashed and burned, two of the world’s biggest food-delivery companies joined forces. Also, Cathay gets a bailout and so might the Mets. Breakingviews columnists discuss.
福利网站Zoom Video Communications is getting even more entangled in politics. The $62 billion videoconferencing service temporarily suspended a U.S.-based Chinese activist account after members held an event commemorating China’s Tiananmen Square crackdown in 1989. Like the Chinese owner of TikTok, Zoom founder Eric Yuan needs to start thinking about how to fork his technology or silo his operations to stay in the good graces of Beijing and Washington.
福利网站Just Eat Takeaway.com’s Chief Executive Jitse Groen will have to face down his own shareholders to get what he wants. The billionaire entrepreneur’s Anglo-Dutch company on Wednesday agreed to a $7.3 billion all-share acquisition of U.S. meal-delivery peer Grubhub. Investors in the $14 billion buyer have both the means and motive to veto it.
Unilever has bowed to the power of the FTSE 100 index. The consumer giant on Thursday unveiled a plan to unify its dual holding companies in London, less than two years after UK shareholders rejected an attempt to create a single Dutch parent. This attempt has a greater chance of success.
福利网站Consolidation in the food-delivery business in the United States is a tall order. But Grubhub Chief Executive Matt Maloney has managed to pull a deal off. The company he founded has agreed to a $7.3 billion takeover by European counterpart Just Eat Takeaway.com. There are some benefits, but swallowing the deal will require a fistful of antacid.
福利网站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.
福利网站The “Lipstick effect”, coined by an Estee Lauder chairman, was meant to forecast economic downturns from women buying cheaper cosmetics over pricier things like shoes. Masked faces after the pandemic mean the idea needs a makeover. Karen Kwok suggests some alternatives.