NEW YORK (Reuters Breakingviews) - That’s when the Facebook CEO rejected Yahoo’s $1 bln takeover bid. Now he uses the decision to justify his grip on control and decisions on data, privacy and the chance of a breakup under a Democratic president. Plus: How a spat over shrubbery almost felled Credit Suisse’s CEO.
NEW YORK (Reuters Breakingviews) - If only those who talk about mitigating climate change put their money where their mouths are. This week’s United Nations Climate Action Summit in New York brought forth pledges and proposals, but the financial resources being committed to the problem are puny.
NEW YORK (Reuters Breakingviews) - Adam Neumann lost his CEO role and control of the shared-office provider after its valuation plummeted in preparation for a now-postponed IPO. But WeWork’s business model remains a problem. Plus: Thomas Cook’s collapse hits China’s Fosun. And: parsing financial climate pledges.
NEW YORK (Reuters Breakingviews) - The former BP boss-turned-renewable-energy-supporter-turned-gas baron stops by to discuss “Make, Think, Imagine,” his new book that’s part an explanation of and part an ode to the benefits of engineering. As UN Climate Week kicks off, he also discusses his take on global warming.
NEW YORK (Reuters Breakingviews) - The streets of Melbourne, Australia were packed on Friday. Perhaps 1.6 million people downed tools and textbooks in Germany, according to early estimates. All in, almost 5,000 strikes and marches in 139 countries had been planned to call for more action to combat global warming, the 16-year-old Swedish activist Greta Thunberg tweeted on Thursday.
NEW YORK (Reuters Breakingviews) - Saudi Arabia is quickly repairing the damage drones inflicted on its oil industry. But the fallout has implications for everything from security to U.S. shale drillers to climate change-driven alternative energy. Plus: Why are AB InBev and ESR restarting Hong Kong listing plans?
NEW YORK (Reuters Breakingviews) - The strike at General Motors’ U.S. plants should have very little staying power. That’s not because members of the United Auto Workers don’t have their hearts in it, or because the carmaker’s executives have little at stake. It’s simply because the two sides are far too close to a deal for it to be worth continuing for long.
NEW YORK (Reuters Breakingviews) - Hiroto Saikawa is stepping down amid controversy over his pay. It has implications for the company’s rocky Renault alliance, and by extension for the French carmaker’s recent attempt to merge with Fiat Chrysler. Plus, is activist Elliott Management going soft on AT&T?
STOCKHOLM (Reuters Breakingviews) - Stockholm’s architecture, waterways and balmy climate make Sweden’s capital a tourist haven in the summer. Throw in the networking appeal of almost 4,000 people in town for the annual World Water Week confab, including government officials and executives from big companies like Diageo, Apple and Nestlé, and it’s hard to imagine Wall Street types not flooding the event. But most stay away.
NEW YORK (Reuters Breakingviews) - Carmakers have a $372 billion incentive to defy Donald Trump. That’s the annual sales potentially at risk if they don’t meet tailpipe-emissions rules in California and 14 other states that are tougher than the U.S. president wants. Trump on Wednesday lobbed baseless accusations at Ford Motor, which along with BMW, Honda Motor and Volkswagen recently sided with the Golden State. But the financial case for greener vehicles is clear.
Hong Kong’s metro system stayed shut on Saturday, paralysing transport in the Asian financial hub after a night of chaos in which police shot a teenage boy and pro-democracy protesters torched businesses and metro stations.