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April 15, 2021

GLOBAL

‘It’s a Roller-Coaster Ride’: Global Chip Shortage Is Making Industries Sweat

New York Times
Dan Rozycki, the president of a small engineering firm, worries about what a global semiconductor shortage could mean for curing concrete. Mr. Rozycki’s company, Transtec Group in Austin, Texas, sells small sensors that are placed where concrete is poured at building, highway and bridge construction sites. The gadgets take temperature......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

What ‘energy transition’? Global fossil fuel use is accelerating and set to get even worse

CNBC
CNBC – For more and to sign up click here Electricity pylons are seen in front of the cooling towers of the coal-fired power station of German energy giant RWE in Weisweiler, western Germany, on January 26, 2021. INA FASSBENDER | AFP | Getty Images LONDON — The world’s dependency......

Breakingviews – Capital Calls – LVMH surges back to full health

Reuters
A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. REUTERS/Charles Platiau MILAN (Reuters Breakingviews) – BLING BOUNCE. LVMH has bounced back with a vengeance from its pandemic sales sickness. The maker of $2,500 Speedy bags and $6,000 Tag Heuer watches on......

PC shipments notch fastest quarterly growth in 20 years – Gartner

Reuters
(Reuters) – Global shipments of personal computers rose at their fastest pace in two decades in the first quarter as people bought computers to help them work and study remotely during the COVID-19 crisis, according to research firm Gartner Inc. PC shipments, which include both laptops and desktop computers, grew......

Breakingviews – Capital Calls – U.S. CEO pay

Reuters
George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters Breakingviews) – CHAUFFEURED IMMUNITY. Last month, around 8 million fewer Americans were employed than in February 2020, before coronavirus struck. Big-company bosses aren’t sharing the......

China’s Huawei blames global chip shortage on U.S. sanctions

CNBC
CNBC – For more and to sign up click here The U.S. flag and a smartphone with the Huawei and 5G network logo are seen on a PC motherboard in this illustration taken January 29, 2020. Dado Ruvic | Reuters Huawei said Monday that U.S. sanctions on the company are......

Breakingviews – Capital Calls – Tod’s needs Ferragni sizzle, plus

Reuters
The 76th Venice Film Festival – Screening of the film “Chiara Ferragni – Unposted” – Photocall – Venice, Italy, September 4, 2019 – Chiara Ferragni poses. MILAN (Reuters Breakingviews) – EFFETTO FERRAGNI. Chiara Ferragni’s digital magic worked on Tod’s shares. The Italian maker of $500-a-pair loafers rallied 14% on Friday......

Asia is the world’s most expensive region for the wealthy. Here’s how 25 global cities stack up

CNBC
CNBC – For more and to sign up click here Asia continues to be the most expensive place in the world to be rich, according to a new report, which saw the region’s resilience to the Covid-19 pandemic hold high prices steady. The world’s most populous continent remained the most......

As U.S. Prospects Brighten, Fed’s Powell Sees Risk in Global Vaccination Pace

New York Times
Jerome H. Powell, the Federal Reserve chair, stressed on Thursday that even as economic prospects look brighter in the United States, getting the world vaccinated and controlling the coronavirus pandemic remain critical to the global outlook. “Viruses are no respecters of borders,” Mr. Powell said while speaking on an International......

Breakingviews – Capital Calls – Cellebrite good times

Reuters
A Cellebrite forensic device extracts data from a Samsung mobile phone during a demonstration at a training centre in Beijing, China June 19, 2018. REUTERS/Cate Cadell NEW YORK (Reuters Breakingviews) – SOMETHING TO CELLEBRITE. Controversy over cops breaking into people’s cellphones is heading to a stock exchange near you. Israeli......

U.S. Intelligence Report Warns of Global Consequences of Social Fragmentation

New York Times
New York Times – For more and to sign up click here Income inequality could grow worse, the report said, tying it at times to information inequality. The “trust gap” between an informed public that has faith in a government solution and a wider public with deep skepticism of institutions......

Breakingviews – Path out of global tax combat is slowly emerging

Reuters
WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) – A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly......

Breakingviews – Capital Calls – KPN’s buyout window gets narrower

Reuters
The KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. LONDON (Reuters Breakingviews) – DUTCH COURAGE. Buyout barons eyeing up KPN are having to contemplate an increasingly narrow door. The Dutch telecom firm’s shares have risen nearly a third since October, when Bloomberg first reported that......

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