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Breakingviews - Twitter deserves a follow for China mute and block

Twitter deserves a follow for muting and blocking China. The U.S. social network suspended state-backed accounts trying to subvert protests in Hong Kong. It also will stop accepting ads from government-controlled media. Beijing’s wedge issue provides a good opportunity for Facebook, YouTube and others to reconsider profiting from propaganda.

Breakingviews - SoftBank skin in the game risks major organ damage

SoftBank is stretching the concept of “skin in the game” to breaking point. The Japanese technology group wants to lend up to $20 billion to employees, including Chief Executive Masayoshi Son, to buy into its $108 billion Vision Fund 2, the Wall Street Journal reported. Son’s backers, like Apple and Microsoft, will welcome the move to align staff’s incentives with their own. But it magnifies SoftBank’s losses if the vehicle blows up.

Breakingviews - Chinese tourists’ reverse-Marco Polo is no fluke

Marco Polo brought the idea of paper money to Venice when he returned from China towards the end of the 13th century. Now, it’s Chinese tourists that are bringing money into all of Italy. The number of visitors from the Middle Kingdom rose 31% between May and August compared with a year before, according to information from travel data analysts ForwardKeys. That was the fastest growth of any country out of Asia. The sudden popularity has less to do with a rash of

Breakingviews - China’s rate reform inches along the market path

China’s lending policy is inching along the path to market. The central bank’s latest move to reform the way mainland interest rates are set pushes aside a long-standing benchmark decided by officials. It’s an overdue step designed to ease credit conditions and help companies borrow. Transmission problems remain, but a move closer to a more responsive system is welcome.

Breakingviews - Cox: Let’s just get on with the recession already

In the nine years since WeWork was born, everything has gone its way. The firm, which values itself at nearly $50 billion as it goes public, has only known a growing global economy where jobs are plentiful, creditors fall all over themselves to lend money and venture capital flows like the free beer in the shared offices its founder Adam Neumann operates around the world.

Breakingviews - Cathay shakeup clarifies China’s corporate muscle

It looks as if China is now flying Cathay Pacific Airways. Chief Executive Rupert Hogg and one of his top deputies abruptly resigned on Friday after the company spent a week scrambling to quell a mainland backlash related to Hong Kong protests. The shakeup occurs at an especially bad time for the carrier.

Breakingviews - Unrest is recurring cost of Hong Kong’s stinginess

Unrest is the recurring cost of Hong Kong’s elite procrastination. Home prices have risen and tycoons have grown wealthier, while officials hoard fiscal reserves. Today’s protests focus on resistance to Beijing’s influence, but local officials’ stubborn indifference to inequality since the last round of unrest in 2014 has stoked the flames.

Breakingviews - GE has more to lose from whistle-blower

General Electric is getting a harsh lesson in the cost of credibility. A man who warned about Bernie Madoff’s Ponzi scheme claims the conglomerate is hiding $38 billion in losses with false accounting. The company run by Larry Culp strongly denies it, but its history of opaque reports and belated write-offs put it on weak ground. The stock’s more than 10% drop implies investors give the claims only partial credence – for now.

Breakingviews - Viewsroom: WeWork unfurls the red flags

The shared-office provider’s long-awaited IPO filing is packed with pointless life-affirming tropes. But it also details a host of conflicts of interest and other risks that should send investors running. Plus: India’s powerhouse Reliance is building a war chest for dominance.

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