Corona Capital: Fortnite looks to capitalise on lockdown success; Qatar and Saudi Arabia battle over soccer. Read the latest insights on the pandemic’s financial fallout:
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.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. Given near-zero oil prices, empty soccer stadiums, and the collapse in London tourism, the question is whether spending 300 million pounds on Newcastle is a worse use of diminishing state resources than aThe fallout from Monday’s seismic drop of U.S.
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