Karen joined Breakingviews in 2018. She previously worked as an European gas and power reporter at S&P Global Platts in London, and covered funds and stocks at Morningstar UK. Karen also briefly worked at the Press Association, China Daily Europe and Bloomberg. She graduated from the University of Sheffield in 2015 with a degree in Journalism Studies, and did an Erasmus exchange programme in Barcelona, Spain. Born and raised in Hong Kong, she is fluent in both Mandarin and Cantonese.
Margrethe Vestager may well block the rail groups’ merger. That would rile German and French politicians yearning for a European champion to face down distant fears of Chinese dominance. But if the antitrust tsar pulls the plug, neither Siemens nor Alstom would suffer too much.
Masa Son’s main partners have balked at pouring more cash into the office-space provider, according to the FT. That undermines the idea of him as a visionary tech investor. It also makes it harder for the $97 bln vehicle to negotiate future deals – or set up a second fund.
Italian luxury brands have so far resisted becoming conglomerates like the French behemoth and rival Kering. But generational shifts by founders, combined with an aversion to political risk by global investors, may afford Moncler boss Remo Ruffini his opportunity to change that.