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Sudan coup throws rock into choppy Nile waters

From the times of the pharaohs, the Nile has been a source of life and wealth to millions. With populations soaring along its 6,700-kilometre length, it is increasingly a source of tension. A coup in Sudan raises the odds that disagreements, particularly over Ethiopia’s...

Nahr-an-nil , Sudan , New-york , United-states , Nigeria , Hong-kong , Egypt , United-kingdom , Khartoum , Al-khartum , Nile , London

Credit Suisse's exorcism has only just begun

António Horta-Osório is expelling ghosts at Credit Suisse. The Swiss bank’s new chair has settled a Mozambican scandal for $475 million, while a spying saga that toppled previous Chief Executive Tidjane Thiam’s job has also been laid to rest. But the demons of collapsed...

New-york , United-states , Mozambique , Hong-kong , United-kingdom , Switzerland , London , City-of , Britain , American , British , Mozambican

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, leave the Krispy Kreme...

New-york , United-states , Zurich , Züsz , Switzerland , Hong-kong , London , City-of , United-kingdom , Rob-cox , Dasha-afanasieva , Jeff-goldfarb

Capital Calls: Bill Gates under yet another spotlight

By Reuters Staff
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
Bill Gates, co-chair of the Bill & Melinda Gates Foundation, attends a news conference in Tokyo, November 9, 2018. REUTERS/Toru Hanai
NEW YORK (Reuters Breakingviews) - Concise insights on global finance.
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FLOOD GATES OPEN. Rich guy and Microsoft founder Bill Gates is, as the world knows, getting divorced. Since the announcement of the split, Gates has come under fresh scrutiny here, including over his contacts with convicted sex offender Jeffrey Epstein and a prior consensual relationship with a Microsoft employee. An investigation years later into the latter by Microsoft’s board coincided with Gates’ resignation as a director in 2020, according to the Wall Street Journal.

New-york , United-states , Australia , Hong-kong , London , City-of , United-kingdom , Richard-beales , Bill-gates , Jeff-bezos , Jeffrey-epstein , Michael-larson

Bike sharing shifts into a more manageable gear

4 Min Read
HONG KONG (Reuters Breakingviews) - Bike-sharing companies are back in the saddle after a brutal wipe-out. Survivors are now pedalling their way onto public markets in a fresh test of investor endurance.
A man rides a bicycle of bike-sharing firm Hellobike amid Hellobike bicycles placed on a plaza a day ahead of the World Car Free Day, in Zhengzhou, Henan province, China September 21, 2018. Picture taken September 21, 2018. REUTERS/Stringer
China invented so-called “dockless” shared bicycles: hardy vehicles unlocked by smartphone and left anywhere for the next user. Mobike and Ofo spawned dozens of imitators at home and abroad. A price war ensued, while bike-strewn sidewalks irritated municipal officials, who cracked down. The collapse was brutal: Ofo had raised $2.2 billion, per Crunchbase, before it failed.

New-york , United-states , China , Hong-kong , London , City-of , United-kingdom , Chinese , Patrick-davin , Pete-sweeney , Bloomberg , Twitter

Review: Lessons from Wall Street's forgotten bank

6 Min Read
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013.
LONDON (Reuters Breakingviews) - Brown Brothers Harriman is Wall Street’s forgotten bank. As Zachary Karabell admits in the introduction to “Inside Money: Brown Brothers Harriman and the American Way of Power”, mention of the firm’s name today prompts some to wonder whether it still exists. Yet its public profile was not always subterranean. For the best part of two centuries, the partnership tracked the turbulent ascent of American capitalism. Though its power has ebbed, its story still holds relevant lessons. As so often, the financial dynasty started with an immigrant selling something more tangible than credit. Alexander Brown was an Irish linen merchant who decamped to Baltimore in 1800, subsequently dispatching his eldest son to Liverpool. The family made its fortune in the transatlantic cotton trade. By 1835, the firm accounted for a tenth of the estimated $100 million that flowed between the United States and Great Britain. Over time it switched from buying and selling commodities to the more lucrative business of trading on its name, issuing letters of credit for companies and individuals. When U.S. President Woodrow Wilson travelled to the Versailles peace talks in 1919, he carried a $10,000 note from Brown Brothers.

New-york , United-states , Hong-kong , United-kingdom , Blackrock , Washington , White-house , District-of-columbia , Vietnam , Republic-of , New-haven , Connecticut

Bursting gas bubble leaves hierarchy of pain

Natural gas’ status as the acceptable face of hydrocarbons has suffered a grievous blow. Until recently the biggest players – energy majors like Royal Dutch Shell, or Total and states like Qatar – rested contentedly on forecasts of demand rising for decades to come. Yet...

New-york , United-states , Qatar , Australia , Netherlands , United-kingdom , Hong-kong , Boston , Massachusetts , Russia , London , City-of

Capital Calls: Burberry upsets with dowdy outlook

By Reuters Staff
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
Children's Burberry clothes are seen on display at the Nordstrom flagship store during a media preview in New York, U.S., October 21, 2019.
LONDON (Reuters Breakingviews) - Concise insights on global finance.
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REALITY CHECK. Burberry is making a financial faux pas. The British luxury brand, known for its iconic “nova check” pattern, on Thursday reported here a 10% drop in sales for the year to March 27 to 2.3 billion pounds, worse than analyst forecasts here of a 9% drop. Even though adjusted operating profit was a positive surprise, at 396 million pounds rather than the forecast 378 million pounds, shares plunged as much as 10%.

China , New-york , United-states , Xinjiang , Jiangxi , United-kingdom , Hong-kong , London , City-of , British , Dasha-afanasieva , Burberry

Capital Calls: Alphawave's IPO wipeout may drag on

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)

China , New-york , United-states , Canada , Hong-kong , London , City-of , United-kingdom , Canadian , Christopher-thompson , Synopsys , Burberry

Capital Calls: Ackman takes a slice of pie

By Reuters Staff
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
A pizza comes out of the oven at Domino's Pizza restaurant in Los Angeles, July 18, 2018. REUTERS/Lucy Nicholson
NEW YORK (Reuters Breakingviews) - Concise insights on global finance.
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TASTY SLICE. Domino’s Pizza has delivered, and Bill Ackman wants a reorder. The hedge fund manager revealed on Wednesday here that his fund, Pershing Square Capital Management, has taken a 6% stake in the Michigan-based pie maker, touting its delivery infrastructure. Breakingviews saw Domino's potential back in late 2017 here and again last year.
Had Ackman invested on the earlier of those two occasions, the holding would have already returned twice as much as the S&P 500 Index and more than the technology-focused Nasdaq Composite Index, too. That’s without the special shareholder-activist sauce he sometimes adds, of course. Over the same period, Chipotle Mexican Grill, another Pershing Square investment, put the performance of Domino’s stock in the shade.

China , New-york , United-states , Mexico , Hong-kong , Michigan , Pershing-square , London , City-of , United-kingdom , Mexican , Lauren-silva-laughlin