Harvard drops single-sex club ban after lawsuit by fraternities, sororities

BOSTON – Harvard University on Monday said it would discontinue its policy of sanctioning students who joined single-sex clubs, citing a lawsuit by a group of U.S. fraternities and sororities who said the crackdown amounted to sexual discrimination. Harvard President Lawrence Bacow said it appeared clear the Ivy League school would lose the lawsuit following a landmark U.S. Supreme Court ruling holding that a federal law barring workplace discrimination protects gay and transgender employees. Bacow…

"Harvard drops single-sex club ban after lawsuit by fraternities, sororities"

Breakingviews – Corona Capital: A tax on martinis

DALLAS/NEW YORK/LONDON/HONG KONG ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Shaken and stirred BIG BROTHER’S LAST STAND. U.S. Trade Representative Robert Lighthizer wants to tax one of pandemic life’s last remaining joys: martinis. According to a notice published on Tuesday night, the office wants to add $3.1 billion in new tariffs on goods coming from the…

"Breakingviews – Corona Capital: A tax on martinis"

Breakingviews – Corona Capital: Europe travel ban, Deal promises

NEW YORK/LONDON/HONG KONG ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – EU travel ban – T-Mobile US’s deal concessions NO YANKS, THANKS. The European Union’s eagerness to reopen this summer may not extend to American travellers. The New York Times on Tuesday reported that the bloc may include the United States in its draft list of unwelcome…

"Breakingviews – Corona Capital: Europe travel ban, Deal promises"

Breakingviews – Corona Capital: Swedish punters, Ali, Wine, Japan

LONDON/HONG KONG ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Swedish gaming deal – Alibaba at school – On-couch drinking – Abe’s un-stimulus GAMBLER’S FALLACY. Two Swedish gaming companies are trying a strangely ebullient mid-crisis combo. While most buyers are hunting for knock-down valuations amid the pandemic, $12 billion Evolution Gaming is offering roughly $2 billion in…

"Breakingviews – Corona Capital: Swedish punters, Ali, Wine, Japan"

Brazil services activity falls a record 11.7% in April

BRASILIA – Services activity in Brazil slumped 11.7% in April, figures showed on Wednesday, the biggest fall since comparable record-keeping began nearly a decade ago as social isolation measures to combat the COVID-19 outbreak slammed the economy into reverse. Coming a day after data showed a record crash in April retail sales, the economy’s incredibly weak start to the second quarter would appear to justify the expected cut in interest rates to a new low…

"Brazil services activity falls a record 11.7% in April"

Breakingviews – Corona Capital: Instacart stocks up

NEW YORK/MILAN/LONDON/HONG KONG ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Instacart STOCKING UP. Instacart is growing during the Great Lockdown, but like pantry-stocking, it might not last. The grocery-delivery company said on Thursday that it raised $225 million in a financing round led by DST Global and General Catalyst – valuing it at a chunky $13.7…

"Breakingviews – Corona Capital: Instacart stocks up"

Breakingviews – Corona Capital: Swiss franc, BA, Weight gain

MILAN/LONDON/HONG KONG ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Swiss franc – British Airways – Lockdown weight gain ARRIVEDERCI ITALEXIT. The Swiss franc is usually a handy barometer of euro breakup sentiment. Right now, it’s suffering. The Alpine currency has lost about 4% against the single currency since Paris and Berlin on May 18 backed a…

"Breakingviews – Corona Capital: Swiss franc, BA, Weight gain"

Breakingviews – Corona Capital: Movie theaters, Turkish lira

NEW YORK/HONG KONG/LONDON ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Downing more shots – Bezos-Buffett-Dimon’s JV blow SHOT IN THE DARK. Mexico had one small reason to celebrate on Cinco de Mayo: tequila sales. Exports of the agave-based drink rose by 43% in March versus the previous year, according to data from Panjiva, a unit of…

"Breakingviews – Corona Capital: Movie theaters, Turkish lira"

Breakingviews – Corona Capital: Movie theaters, Turkish lira

NEW YORK/HONG KONG/LONDON ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Amazon.com and AMC – Banks’ Turkish trading ban reversed A SILVER LINING FOR THE SILVER SCREEN. Amazon.com could be mulling a takeover of AMC Entertainment, according to a May 10 article in the Daily Mail. On Monday shares in the movie-theater chain controlled by China’s Dalian…

"Breakingviews – Corona Capital: Movie theaters, Turkish lira"

Breakingviews – Corona Capital: Disneyland, UK funerals, Henkel

HONG KONG/LONDON ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Shanghai Disneyland – Britain’s funeral business – Henkel MICKEY IS WEARING A MASK. Shanghai Disneyland is “full”. Tickets sold out for the Monday reopening of the theme park. Prospective visitors were undeterred by social-distancing measures in queues and restaurants and the need to brandish an approved health…

"Breakingviews – Corona Capital: Disneyland, UK funerals, Henkel"