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Breakingviews - Buy now, pay later faces Juul-style backlash

Giving young shoppers easy credit to spend online doesn’t sound sensible. Yet a new craze called “buy now, pay later” (BNPL) is growing in popularity. The risk is a regulatory backlash like that which befell U.S. vaping heavyweight Juul.

Breakingviews - Tokyo brings home the Olympic gold in 2020

Tokyo will top the sporting podium in 2020. Host cities for the summer Olympics are often saddled with large debts, and cases of mismanagement have stretched from Montreal to Rio de Janeiro. Yet Japan is setting new standards in sponsorship and sustainability. Add on a boost from short-term stimulus, and the Land of the Rising Sun is set to bring home host gold. 

Breakingviews - BlackRock is Wall Street’s object of fantasy M&A

Steve Schwarzman has one big regret. In 1994 the Blackstone boss sold a stake in some funds that later became BlackRock, the $7 trillion asset manager run by Larry Fink. Schwarzman describes the sale as “a heroic mistake.” It’s not too late to fix it.

Breakingviews - Peak subscription economy approaches in 2020

福利网站Don’t subscribe now! At least not to the idea of the subscription economy. It’s not just streaming TV services chasing steadily paying customers. Wine sellers, food delivery outfits and even Swedish furniture giant Ikea want them, too. Buyers can only spend and consume so much, though.

Breakingviews - China’s e-yuan will be more cryptic than crypto

福利网站China may debut the breakout fintech innovation of 2020. Beijing is primed to launch the world's first digital sovereign currency. The initial roll out looks cautious, focusing on consumer spending. Deploying the new technology more widely in the country's banking system could be the disruptive next step. 

Breakingviews - Review: Bloomberg primer goes beyond hagiography

The telephone’s caller ID made clear the boss was on the line. “It’s Mike,” said Michael R. Bloomberg, the founder of the firm that carried his name and paid my salary. “You say stocks are mixed, but I have the Dow Jones down 40 points. That’s not mixed.”

Breakingviews - Jack Dorsey adds third job as anti-Facebook hero

福利网站Jack Dorsey will add another line to his resume in 2020. The Twitter boss banned political ads and did more than Mark Zuckerberg to prevent the silencing of Hong Kong protesters. Dorsey, who also runs payments firm Square, fared surprisingly well in Washington hearings, too. His style will turn him into the anti-Facebook hero.

Breakingviews - Margrethe Vestager will open tech’s walled garden

福利网站European Competition Commissioner Margrethe Vestager will in 2020 swap her sledgehammer for a scalpel. A new, more surgical approach to antitrust regulation could finally make it easier for Alphabet-owned Google and Facebook’s rivals to compete with these behemoths.

Breakingviews - China swaps its poor for the merely miserable

福利网站China’s Communist Party will hit its self-imposed economic targets in 2020. The government led by Xi Jinping will be able to boast of doubling incomes and real gross domestic product in the decade from 2010, while eliminating extreme poverty. That’s a laudable achievement.

Breakingviews - Disney will lose its magic touch

福利网站Walt Disney Chief Executive Bob Iger rarely puts a foot wrong. In his 14 years in charge he has bought properties like Star Wars and the Avengers, and while he paid a high price in the auction of assets from Twenty-First Century Fox, at least he won. Expectations are therefore high for his next magic trick: creating a video-streaming product to rival Netflix. This feat may be beyond him.

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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.

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