Antony Currie

Breakingviews - Viewsroom: Angela Merkel faces early retirement

06 Dec 2019

NEW YORK (Reuters Breakingviews) - The German chancellor’s administration is in peril after coalition partner SPD chose left-wingers to lead the party. A snap 2020 election would probably end her 14 years in power and remove another of the world’s centrist governments. Plus: Australia’s colossal bank scandal.

Breakingviews - The Exchange: Carbon-free superpower

20 Nov 2019

HONG KONG (Reuters Breakingviews) - Bushfires and a historic drought have put climate change front and centre for Australia, increasing pressure on a pro-coal government to act. Ross Garnaut, economist and former Canberra adviser, explains why there's an opportunity Down Under that may outweigh the cost of change.

Breakingviews - Chile’s canceled summits are a climate allegory

31 Oct 2019

NEW YORK (Reuters Breakingviews) - Talk about a logistical nightmare. Delegations from 195 countries, lobbyists, company representatives and the like now have to rethink their plans after Chile’s government pulled out of hosting December’s annual United Nations climate summit. The decision by President Sebastian Piñera followed weeks of deadly protests over inequality. It exemplifies the dilemmas governments and companies face trying to tackle long-term problems when there are also immediate needs.

Breakingviews - GM lets short-term profit trump no-emissions goal

30 Oct 2019

NEW YORK (Reuters Breakingviews) - General Motors and Toyota Motor are among the major automakers making a song and dance about their commitment to reducing emissions. The $225 billion Japanese manufacturer was a pioneer of mass-market hybrid cars with its Prius lineup; it’s also trying to develop hydrogen fuel cells. GM, meanwhile, talks about its commitment to zero emissions, along with zero crashes and zero congestion. But on Monday both decided, along with Fiat Chrysler Automobiles and Hyundai Motor, to back a White House push to strip California of its right to set its own tailpipe-emissions standards.

Breakingviews - Viewsroom: WeWork’s future may lie in China’s past

25 Oct 2019

NEW YORK (Reuters Breakingviews) - Beijing-based Kr Space switched from renting out space held on long-term leases to selling services after the shared-office market crashed. Following suit may help WeWork stem losses. Also: climate change and Canada’s election. Plus: the gloomy IMF and unrest in Latin America.

Breakingviews - Elon Musk cuts his way to easier path

24 Oct 2019

NEW YORK (Reuters Breakingviews) - Elon Musk is finally giving Tesla shareholders some good financial news. Third-quarter earnings unveiled after the markets closed on Wednesday brought an unexpected, if small, profit of $143 million at the electric-car maker. Unlike this time last year, fast-growing sales weren’t the cause: cost discipline was. That’s a welcome change.

Breakingviews - WeWork mess should end the cult of the founder

23 Oct 2019

NEW YORK (Reuters Breakingviews) - Adam Neumann’s reign at WeWork is over – with a reward for failure. The office-sharing firm’s board has chosen a nearly $10 billion rescue package from existing backer SoftBank, valuing the business 83% below its $47 billion peak, the Wall Street Journal reported on Tuesday. Whether that’s enough for WeWork parent The We Company to build a profitable foundation won’t be apparent for some time. Investors can, however, ensure Neumann is the last founder able to run amok.

Breakingviews-Viewsroom: China-US trade deal is thin gruel

18 Oct 2019

NEW YORK (Reuters Breakingviews) - President Donald Trump is touting the latest Sino-American talks as a real win, especially for farmers. China agreed to buy more agricultural goods like soybeans, but big issues like intellectual-property theft are still up in the air. Plus: The pros and cons of direct listings.

Breakingviews - GM strike deal brings less relief than expected

17 Oct 2019

NEW YORK (Reuters Breakingviews) - New Buicks, Cadillacs and Chevys may soon start rolling out of factories across America again. On Wednesday, negotiators for the United Auto Workers and General Motors finally struck a deal aimed at ending their month-long dispute over the next four-year workers contract. Details may not emerge until Thursday, and the 48,000 or so union members who work at the $52 billion automaker have to vote on it. Either way, the resolution brings less relief than expected.

Breakingviews - Viewsroom: General Motors strike runs on hot air

11 Oct 2019

NEW YORK (Reuters Breakingviews) - Workers downed tools over three weeks ago, despite last-minute concessions by the U.S. carmaker. Job-security fears are a sticking point. So is the union’s need to prove its worth after a kickbacks scandal. Plus: U.S. basketball plays smart defense on China’s Hong Kong backlash.

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