Peter Thal Larsen

Peter Thal Larsen

@petertl.bsky.social

Global Editor, Reuters Breakingviews. Usual disclaimers apply. Signal: petertl.17 www.breakingviews.com

7,137 Followers 585 Following 1,915 Posts Joined Jul 2023
19 hours ago

It's darkly funny that the combination of Trump's Truth Social posts and @reuters.com newswire snaps has turned this conflict into a war of ALL-CAPS STATEMENTS

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20 hours ago

now do Transport for London

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20 hours ago

I assume because 13*28 = 364

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21 hours ago
The $5 billion figure refers to GAAP revenue generated ​from 2023 through to December 2025, a person familiar with the matter told Breakingviews; the $19 billion ⁠is an extrapolation. Anthropic defines “run-rate revenue” in two parts. Use the last 28 days of sales from customers charged on a ​consumption basis and multiply it by 13. Then, multiply the monthly subscription take by 12, and add the two together.
These snapshots are ​inexact, capturing or missing sudden consumption spikes or dips. It helps explain how $14 billion can become $19 billion within weeks.

How do startups like Anthropic calculate their often-quoted "run-rate revenue" figures? The answer, via @karenkkwok.bsky.social, is even more convoluted than I expected.
www.reuters.com/commentary/b...

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22 hours ago
NEW LEADER MAY HAVE BEEN WOUNDED IN STRIKE
Though an influential backroom operator for decades spent running his father's office, Mojtaba Khamenei remains an obscure figure to many Iranians and may have been wounded in the U.S.-Israeli strikes that killed his father.
A state television anchor appeared to confirm widespread rumours Khamenei was hurt, describing him as a "janbaz", or "wounded veteran" of the Ramadan War, as Iran calls the current conflict. Reuters has not been able to confirm his condition.

👀 www.reuters.com/world/middle...

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1 day ago

no way to run the world's largest economy

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1 day ago
U.S. ENERGY SECRETARY CHRIS WRIGHT REMOVES POST ABOUT NAVY ESCORTING OIL TANKER THROUGH THE STRAIT OF HORMUZ

#FFS

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1 day ago
10 Mar 2026 17:21:34 - U.S. ENERGY SECRETARY CHRIS WRIGHT: U.S. NAVY SUCCESSFULLY ESCORTED AN OIL TANKER THROUGH THE STRAIT OF HORMUZ TO ENSURE OIL REMAINS FLOWING TO GLOBAL MARKETS

Update: not so closed after all

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1 day ago
U.S. ENERGY SECRETARY CHRIS WRIGHT: U.S. NAVY SUCCESSFULLY ESCORTED AN OIL TANKER THROUGH THE STRAIT OF HORMUZ TO ENSURE OIL REMAINS FLOWING TO GLOBAL MARKETS

And this I guess

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1 day ago

Kind of obvious, but oil traders believe the SoH will reopen soon. And the Trump administration may do some other things to ease pressure on the market - lifting Russian sanctions, etc.

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1 day ago
Line chart of Brent crude oil price

Thursday: "I can't believe the Strait of Hormuz is closed and oil is less than $90 a barrel."
Tuesday: "I can't believe the Strait of Hormuz is still closed and oil is back below $90 a barrel."

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1 day ago
Tweet by Kwasi Kwarteng. We are delighted to welcome @Nigel_Farage and @blockchain as strategic investors in Stack. Nigel's long-standing support for British business and his belief that Bitcoin will play an expanding role in global finance align closely with our vision.

I had to double check this was real. The former UK Chancellor of the Exchequer plugging his crypto vehicle. So very credAble.

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1 day ago
Screengrab of podcast

🔊New episode of THE BIG VIEW🎧: It's nearly a year since Donald Trump's "Liberation Day" tariff war. What have we learned about trade? I talked to Simon Evenett, Professor at IMD Business School, about the surprises of the past year and the shocks still to come. podcasts.apple.com/gb/podcast/d...

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1 day ago
Video thumbnail

🎧 The year since Donald Trump’s “Liberation Day” tariff war has produced many surprises.

In this episode of The Big View, @petertl.bsky.social and IMD’s Simon Evenett discuss why dire forecasts fizzled, how China levies fell to 26% — and why a larger jolt looms.

Full episode 👉 reut.rs/4uq517C

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1 day ago
Preview
Iran bets on endurance, energy disruption to outlast US, Israel Iran's strategy is stark: Unleash drones and missiles, cut vital energy routes and jolt markets.

“U.S. officials say a large share of Iran’s arsenal has already been destroyed, but regional sources say Tehran may still retain more than half its pre-war stockpile. If that estimate holds, Iran could keep launching missiles for several ‌more weeks.” www.reuters.com/world/middle...

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2 days ago
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2 days ago
Crude BART example
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2 days ago
One-day chart of the price of a barrel of Brent crude

Thank you for playing the oil market

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2 days ago

This is weird. The company owns £1m of bitcoin but Farage is buying in at a roughly £3m valuation. Also, the whole bitcoin treasury trade has stopped working in the US....

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6 days ago
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Why is Dubai discourse so rich? Class identities all mangled and so everyone thinks they are punching up and letting rip. Full column 🫵 www.economist.com/britain/2026...

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4 days ago
The Week in Breakingviews

Insights from Reuters global financial commentary team
 
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By Peter Thal Larsen, Global Editor
Welcome back! A week ago I woke up to find out that the United States and Israel were attacking Iran. It’s the second time this year that President Donald Trump has targeted another country’s leader – on a Saturday. If this newsletter was forwarded to you, sign up here to get it in your inbox every weekend.

Note: Links in this newsletter require a Breakingviews subscription. To sign up for a free trial, click here.

The latest edition of the Week in Breakingviews just landed in subscribers‘ inboxes, packed with insights on what’s next for Iran, the run on private credit vehicles, Lloyd Blankfein’s memoir, and the governance mess in Italian banking.
Sign up here: www.reuters.com/newsletters/...

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5 days ago
Axel Springer CEO Mathias Döpfner says: “Axel Springer was founded in 1946 under a British press licence. He built his company inspired by the tradition of Fleet Street. The Telegraph was his North Star. 

If you're spending £575 million on a newspaper maybe ask a subeditor to have a quick look at your quote before you publish it in a press release?

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5 days ago
Preview
Breakingviews - Lloyd Blankfein memoir dispels Goldman's mystique The $260 billion ​bank’s former boss ​has written an unusually ⁠frank account of his ​career. 'Streetwise' explains how ​the Wall Street firm became a global behemoth and navigated ​the 2008 crisis. ​...

For decades, Goldman Sachs hid its inner workings behind a thick veil of discretion. A former CEO telling all in a memoir was unimaginable. Lloyd Blankfein's "Streetwise" lifts the lid on his Wall Street career - and reminds us that Goldman is now a bit more ordinary.
www.reuters.com/commentary/b...

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5 days ago
Preview
Breakingviews - Lloyd Blankfein memoir dispels Goldman's mystique The $260 billion ​bank’s former boss ​has written an unusually ⁠frank account of his ​career. 'Streetwise' explains how ​the Wall Street firm became a global behemoth and navigated ​the 2008 crisis. ​...

For decades, Goldman Sachs hid its inner workings behind a thick veil of discretion. A former CEO telling all in a memoir was unimaginable. Lloyd Blankfein's "Streetwise" lifts the lid on his Wall Street career - and reminds us that Goldman is now a bit more ordinary.
www.reuters.com/commentary/b...

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5 days ago

Oh definitely. The same hedgies buy remote plots in New Zealand as apocalypse insurance. But surely the point of being rich is that when the shit hits the fan you don’t have to fly into a war zone to optimise your tax bill?

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5 days ago
Wealthy Dubai residents race back to UAE to avoid tax bills

Some risk spending too few days in the emirate and too many in the UK

Questioning the premise that anyone who feels the need to do this can truly be considered “wealthy”.
www.ft.com/content/80bf...

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6 days ago
Preview
Exclusive: US investigation points to likely US responsibility in Iran school strike, sources say Military investigators believe it is likely that U.S. forces were responsible for an apparent strike on an Iranian girls' school that killed scores of children on Saturday, two U.S. officials told Reu...

Exclusive: US military investigators believe it is likely that US forces were responsible for an apparent strike on an Iranian girls' school that killed scores of children on February 28 but have not yet reached a final conclusion or completed their investigation reut.rs/40b19JN

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6 days ago
President Donald Trump’s team has said repeatedly that they want the world to use American AI, and the draft rules aren’t meant to function as an Nvidia export ban. Rather, the regulation would set up the US government as gatekeeper for the AI industry: Companies — and in some cases, their governments — would have to seek the blessing of the US Commerce Department to buy the precious accelerators. How Trump’s team decides to dole out those licenses would then determine whether countries are able to build critical digital infrastructure, technology that many world leaders see as key to economic growth, corporate competitiveness and military sovereignty.

Welcome to the high-tech extractive state.
www.bloomberg.com/news/article...

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6 days ago

New worst episode of The Apprentice just dropped

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1 week ago
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The war of theocracies

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