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petertl.bsky.social
Global Editor, Reuters Breakingviews. Usual disclaimers apply. Signal: petertl.17 www.breakingviews.com
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The never-ending loop: 1. Non-US stock exchanges: "We must loosen our listing rules to stop local companies from going to the US." 2. US stock exchanges: "We must loosen our listing rules to persuade private companies to go public." 3. Go back to 1. www.reuters.com/legal/govern....

I can see why the people of Venice are annoyed by the Bezos wedding, but come on, it's not exactly a proletarian paradise. www.reuters.com/business/med...

Well, there we go, Lime is going for an IPO. London is so very important to them so I am very intrigued to see how they describe the risk factors in all the documents to investors. www.reuters.com/business/ube...

Comprehensive shellacking of Stablecoins by the Bank for International Settlements. They fail all the core tests of money: singleness, elasticity, and integrity. www.bis.org/publ/arpdf/a...

Someone didn't get the "peace in our time" memo

I would have more confidence in Microsoft's ability to implement artificial intelligence if Outlook didn't suddenly decide to start dumping emails I open almost every day into the junk folder.

Well at least this should put a stop to all that talk about the MAGA movement’s isolationist tendencies. www.reuters.com/world/middle...

It's quite striking that despite everything that's happened in AI over the last 3 years, the world is still spending *less* capex building semiconductor foundries today than in 2022 All of AI is still small enough to be washed away by consumers buying -10% fewer Android phones

Hard to think of a more dispiriting job in journalism than trying to fact-check the half-formed ideas Masayoshi Son has in the shower. www.bloomberg.com/news/article...

Treasury Secretary Scott Bessent seems to think legalising stablecoins will create fresh demand for US government bonds. Felix Martin doubts it. www.reuters.com/commentary/b...

Rival shareholders have been battling over a Nasdaq-listed Chinese biotech for almost a decade. Along the way it invented China's Covid vaccine, which is why it now has $10bn of cash. The long legal battle comes to a head next month. Wild story by Jeff Goldfarb. www.reuters.com/commentary/b...

Slogans to live by

So @dsquareddigest.bsky.social is a former banks analyst who has written books on fraud and on systemic failures. That makes him the ideal person to come on The Big View and talk about stablecoins. Listen here: podcasts.apple.com/gb/podcast/t...

So @dsquareddigest.bsky.social is a former banks analyst who has written books on fraud and on systemic failures. That makes him the ideal person to come on The Big View and talk about stablecoins. Listen here: podcasts.apple.com/gb/podcast/t...

One of these companies is a once-proud French industrial champion that has lost its way, and the other is Renault www.reuters.com/business/aut...

Once again wondering what they mean by "not involved"? www.reuters.com/world/middle...

Thanks, I hate it already

“What does a human slowly going insane look like to a corporation?” Mr. Yudkowsky asked in an interview. “It looks like an additional monthly user.” www.nytimes.com/2025/06/13/t...

So what exactly did you mean by "not involved"?

BREAKING: Israel said that it struck Iran, and Iranian media said explosions were heard in Tehran as tensions mounted over US efforts to win Iran's agreement to halt production of material for an atomic bomb reut.rs/4600FKi

"The increasing competition for audience attention means that it’s harder and harder to get younger fans to watch a 90-minute live game." Football for the TikTok kidz...😐 www.reuters.com/sports/socce...

New episode of 🎙️THE BIG VIEW🎧: There's been a rush of books criticising private equity, so we decided to air the arguments. Jeff Goldfarb talks to Megan Greenwell, author of "Bad Company", about the experiences of employees and customers of private equity-owned firms. www.reuters.com/podcasts/pri...

When the founder of an investment banking boutique moves from being CEO to being Executive Chairman without a departure date is he really stepping down? www.wsj.com/finance/bank...

Is this the first CEO of a FTSE 100 company to lose his job because of artificial intelligence?

"Find a way to “provide a worse service for less money” is the single best-proven fintech strategy of them all." 🔥😂by @dsquareddigest.bsky.social www.ft.com/content/28cf...

Great how telephone contact between the president and his former adviser is now a market-moving event on a par with China and the US resuming trade talks. www.reuters.com/business/aut...

My colleague Jonathan Guilford wrote this 7 months ago. Pretty prescient, in the light of today’s developments. www.reuters.com/breakingview...

Let's see if both sides can agree this happened

Cognitive dissonance

Dutch government lasted longer than the time it took to form, but not by much. Looks like they managed 1.5 days in office for every day they spent negotiating the coalition agreement. www.reuters.com/world/europe...

Like Succession, Mountainhead is nicely observed and has some great lines. But it's hard to parody already ludicrous figures like Musk or Zuckerberg. And the threat of violence fuelled by AI-driven misinformation is all too real. Besides, tech bros are just less interesting people than media titans.

Cornwalling

300,000 deaths.

Really interesting piece by @liamproud.bsky.social on the (lack of) dollar hedging. The giant Japanese Public Investment Fund has about a third of its $1.7 trillion assets invested in the US, almost all of it unhedged. @breakingviews.reuters.com www.reuters.com/breakingview...