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Breakingviews - Macron will retreat on French reform to win again

French President Emmanuel Macron’s reformist credentials are on the line. The former Rothschild investment banker on Friday reshuffled his government, the first step in what he has previously flagged would be a reinvention of his presidency. He may be willing to ditch more than his prime minister in his bid to win re-election in 2022.

Breakingviews - Gold mining in Greenland is smarter than it sounds

AEX Gold is setting the early pace in a global warming-fuelled scramble for Greenland’s mineral wealth. The Canadian miner wants to restart bullion production on the giant ice-bound island with 45 million pounds unearthed from a planned UK listing. The idea is less sketchy than it looks.

Breakingviews - Review: The callous roots of caffeine capitalism

The British author Tim Marshall once wrote that Africa is “equally cursed and blessed by its resources – blessed in so far as it has natural riches in abundance, but cursed because outsiders have long plundered them”. Augustine Sedgewick’s “Coffeeland” describes El Salvador’s own dubious blessing: the fertile soil on the slopes of the Santa Ana Volcano in the west of the Central American country. The problems raised by its dependence on abundant and enormously pr

Breakingviews - Sea’s $55 bln valuation can rise with the tide

Sea is benefitting from a high tide. The Singaporean tech company’s $55 billion market capitalisation has risen eight-fold in the three years since its New York listing, outpacing global rivals. A pandemic-related boom in online games and e-commerce has helped, justifying much of the investor enthusiasm. Its payments business could provide the Tencent-backed outfit with an extra valuation buoy.

Breakingviews - U.S. economic reboot menaced by bug in the system

Like a computer suffering from a pesky virus, the U.S. economy has been shut off and turned back on. This reboot seems to be working. The economy added almost 5 million jobs in June, on top of the roughly 3 million added in May, bringing the unemployment rate down over two percentage points to 11.1%. But as frustrated tech users know, short-term fixes are usually just that.

Breakingviews - Viewsroom: Wirecard, Hong Kong and Tesla

The German fintech scandal shines a light on its hapless regulator; China’s new security law stinks up the fragrant harbor and Elon Musk hasn’t just surpassed Toyota in market value, he’s becoming as rich as Croesus. Breakingviews columnists around the world weigh in.

Breakingviews - Oil majors’ Atlantic divide shows up in valuation

Oil majors’ growing Atlantic divide has an interesting valuation quirk. American energy giants Exxon Mobil and Chevron are lagging further behind European rivals Royal Dutch Shell, BP and Total in embracing the pivot away from hydrocarbons. Yet investors seem keener on the transition tortoises than hares.

Breakingviews - Ping An untangles one knot in its leadership

One knot is better than two. Ping An founder Ma Mingzhe has given up his role as chief executive but will remain chairman of the $187 billion Chinese insurer. The split is welcome, but quirky governance endures with three other co-CEOs below him. Multiple bosses can be effective when responsibilities are clearly divided. Luckily, Ping An mostly appears to have ticked that box.

About Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Sign up for a free trial of our full service at http://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

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