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Breakingviews - Corona Capital: Quibi

福利网站Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

Breakingviews - Cox: China addiction looms as big corporate risk

“Nice business you have got here, it would be a shame if something happened to it.” What sounds like a bad line from a mafia television sketch is pretty much the dilemma facing Western multinationals in China.

Breakingviews - Off-colour IAG points to prolonged air-sickness

International Airlines Group boss Luis Gallego won’t be the only airline chief executive bracing for a wretched Christmas. Barely six weeks into the job, the Spaniard revealed that the parent of British Airways and Iberia lost 1.3 billion euros in the third quarter, and would not break even in the next three months due to rising infections and renewed travel restrictions. Dashed hopes are becoming aviation’s default setting.

Breakingviews - Crown Resorts disabused of gambler’s conceit

Crony capitalism was a losing bet at Crown Resorts. Regulatory inquiries into the $4 billion Australian casino operator exposed a board that was too cosy with billionaire founder James Packer, and failed to provide proper oversight. They’re the wrong people to lead the company out of a scandalous mess that has put a gambling licence for its luxurious new Sydney hotel in jeopardy.

Breakingviews - Could Bill Ackman's SPAC buy Bloomberg or Airbnb?

The naming of names for Bill Ackman’s special purpose acquisition company just got more interesting. On Tuesday, the New York Post reported that the hedge fund manager’s blank-check vehicle wanted to take a stake in the former New York mayor Mike Bloomberg’s eponymous media empire, something Bloomberg LP dismisses. It’s true that Ackman’s $5 billion war chest can hook a big fish by taking a small stake in a company. But large, well-known private firms don't nee

Breakingviews - Virus tests faith in food delivery economics

福利网站Jitse Groen and Matt Maloney were hungry and frustrated. It was 1999 and Groen couldn’t find a Chinese takeaway in his small Dutch town. Five years later in Chicago, Maloney wanted something to eat at work late one night. The lack of options spurred the entrepreneurs on either side of the Atlantic to independently cook up businesses to order food on the web.    

Breakingviews - Cathay is still overweight after layoffs

Cathay Pacific’s layoffs may not be the last. Hong Kong’s beleaguered airline is cutting around 8,500 jobs, or 24% of the group's headcount, and shutting down sister brand Cathay Dragon. That’s less severe than some other carriers, although shareholders took it well. The cuts will moreover only slow the cash burn rate. With travel expected to remain depressed next year, more savings will need to be found.

Breakingviews - Elite Euro-soccer league is an ill-timed challenge

福利网站When your team is struggling, it pays to play safe. The owners of Europe's elite soccer clubs appear to be doing the opposite by discussing a new super league amid a major financial crisis for the sport. The audacious move, as reported by Sky News, carries huge financial and political risks.  

Breakingviews - Google exhausts search for antitrust tolerance

Google has met its Microsoft moment. The U.S. Justice Department is suing the Alphabet-owned unit, slamming its dominance in online search. The presidential election in November may do little to help Google’s cause even if there is a change of the party in charge. The $1 trillion tech giant is in for a long fight.

Breakingviews - The Exchange: Private equity and the pandemic

BC Partners is an alternative asset manager whose portfolio companies include PetSmart and Springer Nature. Partner Nikos Stathopoulos chats to Peter Thal Larsen about managing during Covid-19, new investment challenges, and why we need to get back to face-to-face meetings.

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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.

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