Signa Sports United is a network of web shops and fulfilment systems for cycling, team sports and outdoor kit. Its CEO Stephan Zoll speaks to Dasha Afanasieva about going public through a Ron Burkle-backed SPAC, and how punters are spending big on sophisticated bikes and rackets.

The Exchange: Riding the high-tech fitness boom

Relations between the world’s two largest economies were already tense, and Russia’s invasion of Ukraine has further increased the pressure. In this episode of The Exchange, James Fok explains how the relationship became so fraught, and why it’s unlikely to improve anytime soon.

Why U.S.-China financial tension is hard to disarm

The pandemic sped up the shift to online advertising and e-commerce. In this episode of The Exchange Mark Read, CEO of WPP, tells how his clients coped with Covid-19, why virtual reality is the next big thing for consumer giants, and why corporate purpose is more than a buzzword.

How Mad Men are waking up to the metaverse

Kleiner Perkins Chair John Doerr outlines in his new book a plan to reach net-zero emissions by 2050. As an early backer of Amazon and Alphabet, he also explains how saving the planet is a business opportunity akin to the internet in this episode of The Exchange podcast.

The climate revolution is underhyped

That’s an argument author Sebastian Mallaby makes in his new book on the financiers behind the world’s technology giants. He also discusses the role of luck, founders’ increasing power, late-stage investment pile-on risks and Chinese tech in this episode of The Exchange podcast.

VCs are victims of their own success

Investor turned anti-corruption campaigner Bill Browder joins Dasha Afanasieva on The Exchange podcast to explain why tougher sanctions from the West, including freezing oligarch assets, threaten Russian President Vladimir Putin’s grip, and cripple the country’s economy.

Ukraine war is tectonic shift for global finance

Presidents Donald Trump and Joe Biden both embraced barriers like tariffs as a U.S. response to technology and globalization. Former White House economic adviser Glenn Hubbard argues that such strategies will fail. But policymakers can do more to take care of those left behind.

The Exchange: Why economic walls don’t work

From Saks Fifth Avenue to Target,&nbsp;U.S.&nbsp;retailers are under intense pressure to change their businesses to meet consumers’ needs. Alix Partners’&nbsp;Joel Bines&nbsp;tells Jennifer Saba&nbsp;it’s about more than just a shift in shopping habits. He argues that consumers&nbsp;now&nbsp;hold all the power.&nbsp;

The Exchange: Consumers have the retail whip hand

Europe’s antitrust tsar is responsible for keeping U.S. digital behemoths in check and making sure that the bloc doesn’t slip too far behind on technology. She joined Liam Proud to talk about a string of recent court losses and the future of competition policy.

The Exchange: Margrethe Vestager

The Italian banker wants to return 16 bln euros to investors by 2024. Choppy markets and growing geopolitical risks raise the bar for European banks’ promised returns. UniCredit CEO Andrea Orcel tells Breakingviews how his $35 bln lender can navigate through uncertain times.

The Exchange: UniCredit’s Andrea Orcel

A Reuters Podcast

The Exchange is a regular conversation with some of the most influential movers and shakers in business and markets hosted by Rob Cox, global editor of Breakingviews, the commentary publication of Thomson Reuters. From Reuters’ global headquarters in New York’s Times Square, Rob debates and discusses trends in finance and economics with those who shape them, from central bankers and corporate executives to authors and film directors.

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The Exchange: Riding the high-tech fitness boom

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How Mad Men are waking up to the metaverse

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