LONDON (Reuters Breakingviews) - A suicide bomber has brought a tragic twist to the British election. The attack that killed at least 22 concertgoers in the northern city of Manchester and left another 59 injured was the country’s deadliest for more than a decade. Even in a country familiar with acts of terror, this will shift the debate.
HONG KONG (Reuters Breakingviews) - HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia’s few sizeable independent asset managers, says Bloomberg. If HNA wants to connect Chinese investors with the wider world, this could be useful.
SHANGHAI (Reuters Breakingviews) - Ford Motor’s many flubs under Mark Fields were becoming existential for the $43 billion carmaker’s founding family. Two weeks ago, a majority of those shareholders not named Ford voted to abolish the family's super-voting stock. The Fords took the hint, and the chief executive is now leaving. But naming a 62-year-old from the furniture trade to replace him hints at how unprepared the family was for a revolt.
NEW YORK (Reuters Breakingviews) - Wal-Mart’s online therapy may help revive ailing retailers. The $242 billion giant is starting to reap the benefits of embracing e-commerce while shares in digital laggards like Macy’s and J.C. Penney plummeted after poor results. Unless they follow the behemoth’s lead, they’re likely to hand more market share to Wal-Mart and internet megastore Amazon.
LONDON (Reuters Breakingviews) - Spain’s rapid economic revival had it billed once as a rival to Germany. But after the leftist surge in Sunday’s socialist primaries, Madrid’s fragmented political landscape makes it look a bit like slower-growth peer Italy.
HONG KONG (Reuters Breakingviews) - Can you have vision without clarity? When it comes to SoftBank boss Masayoshi Son, it seems the answer is yes. The Japanese maverick has unveiled the first close of his $100 billion technology fund, rustling up $93 billion in seven months: an unprecedented sum, raised in a very short space of time. If he can deploy that to find more gems like Alibaba , his most successful investment, this may turn into a bonanza for SoftBank investors. But for now he is keepin
(Corrects OPEC share to around 1/3rd from 2/5th and global oil use to 95 million bpd from 80 million in para 7, also adds clarifying language and sourcing.Also correct name of U.S. EIA in para 4.)
WASHINGTON (Reuters Breakingviews) - Elizabeth Warren's latest book reads like a marker for a 2020 White House campaign. In "This Fight is Our Fight," the U.S. senator from Massachusetts blasts familiar targets like lobbyists and Wall Street, plus a new foe: President Donald Trump. Tales of struggling Americans are engagingly woven into the outrage. Still, her rote views limit her appeal.
HONG KONG (Reuters Breakingviews) - Asia’s aviation hub model is showing signs of wear and tear. Chinese competition is hitting both Singapore Airlines and Hong Kong rival Cathay Pacific, and neither has a big domestic customer base to rely on. At least the Singaporeans have a smarter-looking approach to budget travel.
NEW YORK (Reuters Breakingviews) - What would Mike Pence do? That's the question global investors may ponder amid the woes of U.S. President Donald Trump. There is a whiff of impeachment in the air in Washington following the appointment of a special counsel to oversee the FBI's probe into Russian government ties with the real-estate developer's electoral campaign.
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