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An ultra-Orthodox Jewish man receives a vaccination against the coronavirus disease (COVID-19) as Israel continues its national vaccination drive, during a third national COVID lockdown, in Ashdod, Israel January 4, 2021. Picture taken January 4, 2021.
LONDON (Reuters Breakingviews) - Calling a race before the first hurdle is ill-advised. The same applies to countries scrambling to vaccinate citizens. The UK and Israel have surged ahead while France is lagging. But to inoculate a significant portion of the population, countries ideally require a centralised approach, a willing populace, and no goofs. Investors should be wary of betting on early leaders.
Israel’s vaccine rollout is world-beating. The country has inoculated more than 15% of its 9 million population, nearly double the proportion of the second place United Arab Emirates. The United Kingdom and America have surged in recent weeks, but with much larger populations, have still only vaccinated
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NEW YORK/LONDON/MELBOURNE/MUMBAI (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
The north view of the Manhattan skyline is seen from the 86th floor observation deck of the Empire State Building in midtown Manhattan, as the iconic tower prepares to open to more tenants and visitors following the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., June 24, 2020. REUTERS/Mike Segar
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OFFICE SPACES. If Zoom Video Communications is a pandemic winner, then commercial office space is its mirror image. The vacancy rate in New York edged above 15% in December, according to Savills, with leasing running at the lowest rate in at least two decades. It’s not an outlier among cities either as things continue to worsen.
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The London skyline is seen at dawn as the second lockdown in England ends, amid the coronavirus disease (COVID-19) outbreak, in London, Britain December 2, 2020.
LONDON (Reuters Breakingviews) - Sprucing up a run-down property is a quick way to add value. That’s what landlords are banking on in 2021, as Amazon.com buys defunct malls and offices become flats. It could boost valuations in the $33 trillion global commercial property market. Even so, assets will still be worth less than five years ago.
Demand for office space has plummeted to a record low, according to London’s Great Portland Estates. The landlord’s stock declined 25% since the beginning of 2020 as companies from Twitter to BP and PwC embrace a future where working from home is the norm. Shopping malls are in a worse predicament. Retail titans like Arcadia, owner of Britain’s Topshop, and J.C. Penney in the United States have collapsed amid the pandemic. The e-commerce boom that has eviscerated the
Breakingviews
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NEW YORK/HONG KONG/LONDON (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
A man poses for photos with the upcoming Apple store at the Marina Bay Sands in Singapore August 31, 2020. REUTERS/Edgar Su
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- Tesla’s Apple snub
ELON JOBS. Tesla boss Elon Musk says he once contacted Apple boss Tim Cook to discuss a sale of the electric-car maker to the technology colossus. That was in a difficult period for Tesla when Musk was struggling to ramp up Model 3 production, cash was scarce, and investors were skeptical. Cook declined.
Breakingviews
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NEW YORK/LONDON/HONG KONG/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
A Peloton exercise bike is seen after the ringing of the opening bell for the company s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. REUTERS/Shannon Stapleton
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ALL GAIN, NO BRAIN. One push-up won’t deliver Arnie-style pecs. But don’t tell investors in Peloton Interactive. They drove up the fitness company’s shares by almost 15% on Tuesday morning – adding more than $6 billion of market capitalization – as it agreed to buy exercise-equipment maker Precor in a deal worth just $420 million.