Catch up with the latest pandemic-related financial insights from Breakingviews, from oil trading losses to Heineken’s Asian boost, in the latest edition of Corona Capital:
Epic Games booth for the game Fortnite is shown at E3, the annual video games expo revealing the latest in gaming software and hardware in Los Angeles, California, U.S., June 12, 2019. REUTERS/Mike BlakeAHEAD OF THE GAME. The company behind Fortnite is aiming to capitalise on its success during the pandemic. Epic Games has started talks to raise up to $1 billion, according to Bloomberg, and lift its valuation beyond $15 billion.
Doha accuses Riyadh of engaging in television piracy – a claim its larger neighbour denies. Given Saudi has blockaded Qatar since 2017 it could be a sign that relations between the two, which had seemed to be thawing, are still in the deep freeze.
STRONG SIGNAL. Who thought the absence of bad news could be such good news? Ericsson shares jumped 5% on Wednesday after the Swedish telecoms equipment maker maintained its 2020 financial targets. That in itself is a rarity given the coronavirus’s economic chaos, and explains why Ericsson is one of the few stocks in the black this year.
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