NEW YORK (Reuters Breakingviews) - Upon moving to Switzerland around the start of the pandemic, the first thing that stuck out in my leafy Zurich neighborhood was the orange flags. They seemed to flutter from every other stately or middle-class home, bearing a large “JA!” and one of those German portmanteau words, “Konzernverantwortungsinitiative,” which translates into English as corporate responsibility initiative.
NEW YORK (Reuters Breakingviews) - Eight years ago, New York Magazine proclaimed Benjamin Harrison the most forgotten of America’s commanders in chief. Donald Trump’s turbulent stint as a fellow one-term president may, ironically, revive interest in his 19th century Republican forebear’s four years in the White House.
NEW YORK (Reuters Breakingviews) - Moderna and Pfizer came out with encouraging news on the fight to immunize the world against Covid-19, giving hope the pandemic’s end is near. Meantime, China’s Sinovac finds its trials are undermined by a puzzling governance disaster. Breakingviews columnists weigh in globally.
ZURICH (Reuters Breakingviews) - Beijing took Alibaba, Tencent and others to task over monopolistic practices; and global financial markets got a boost from Pfizer’s revelation that its Covid-19 vaccination may be super-effective. Breakingviews columnists around the world weigh in on both developing stories.
ZURICH (Reuters Breakingviews) - American presidents typically spend their first term in the White House trying to fulfil campaign promises in the hopes this will grant them another four years in office. But at 78 years of age when he is inaugurated in January, Joe Biden doesn’t realistically, or actuarially, have eight years to make his mark.
ZURICH (Reuters Breakingviews) - Without a clear Senate majority, the former vice president will need to tack to the center when he occupies the White House. For Wall Street that’s a bullet dodged. For other industries, it’s a mixed bag. For multilateral institutions, it’s an improvement from Donald Trump.
ZURICH (Reuters Breakingviews) - Uncle Sam deserves an A for participation. For what’s shaping up to be the first time in more than a generation, as many as two thirds of eligible U.S. voters turned off Netflix and left their couches long enough to mail in, or physically cast, their ballots. Setting aside the final verdicts of the presidential and congressional election it’s at least a sign that the world’s first modern democracy is very much alive.
ZURICH (Reuters Breakingviews) - If Joe Biden wins Donald Trump’s place as POTUS on Nov. 3, and the Senate turns Democrat, lots of things will change – chief among them tax and economic policy. But big tech companies and China’s Communist Party will gain no reprieve. Rob Cox, Gina Chon and John Foley discuss.
ZURICH (Reuters Breakingviews) - Mukesh Ambani can divide his $200 bln Reliance Industries and still rule, says India editor Una Galani. Meantime, European and U.S. multinationals are growing increasingly reliant on Chinese growth, seeding future financial and political risks, Rob Cox and columnists discuss.
ZURICH (Reuters Breakingviews) - “Nice business you have got here, it would be a shame if something happened to it.” What sounds like a bad line from a mafia television sketch is pretty much the dilemma facing Western multinationals in China.