Germany has taken first place in the 2020 Bloomberg Innovation Index, breaking South Korea’s six-year winning streak.
Singapore climbed to third place, while the U.S. fell one notch to No. 9.
The index analyzes dozens of criteria using seven metrics, including research and development spending, manufacturing capability and concentration of high-tech public companies.
Read more: https://bloom.bg/2uX3ix5
Singapore climbed to third place, while the U.S. fell one notch to No. 9.
The index analyzes dozens of criteria using seven metrics, including research and development spending, manufacturing capability and concentration of high-tech public companies.
Read more: https://bloom.bg/2uX3ix5
There's now evidence a mystery SARS-like virus with more than 200 confirmed cases in China is being spread from person to person: https://bloom.bg/30zJsE2
The world’s richest 1% have more than twice the wealth of the rest of humanity combined, says Oxfam: https://bit.ly/2RxueLJ
Cryptocurrency skeptic Peter Schiff says he's lost all of his Bitcoin holdings because his digital wallet is rejecting his password: https://bloom.bg/30DemLz
The world’s richest 1% have more than twice the wealth of the rest of humanity combined, says Oxfam: https://bit.ly/2RxueLJ
Cryptocurrency skeptic Peter Schiff says he's lost all of his Bitcoin holdings because his digital wallet is rejecting his password: https://bloom.bg/30DemLz
Bloomberg.com
Mystery China Virus Spreads in Asia, Infects Health Workers
A new SARS-like virus that originated in central China is spreading from person-to-person and has sickened medical workers, heightening concern about the risk of wider transmission
✈️ Boeing got a tough message from a big buyer this week: Rename the 737 Max. “I think that word Max should go down in the history books as a bad name for an aircraft,” the founder and chairman of Air Lease Corp. said. https://bloom.bg/2NKfbNz
🍺 Beer sales in one of the world’s fastest-growing beer markets have dropped by 25% since a strict new drunk-driving law took effect this year. Vietnam’s crackdown has come as a surprise to many; the nation has a history of flouting alcohol restrictions. https://bloom.bg/2sIO2Dr
📈 And confidence is surging through China’s stock market, with investors pumping in funds in ways not seen in years. There’s optimism that the ascent will continue. https://bloom.bg/2NHZtCI
🍺 Beer sales in one of the world’s fastest-growing beer markets have dropped by 25% since a strict new drunk-driving law took effect this year. Vietnam’s crackdown has come as a surprise to many; the nation has a history of flouting alcohol restrictions. https://bloom.bg/2sIO2Dr
📈 And confidence is surging through China’s stock market, with investors pumping in funds in ways not seen in years. There’s optimism that the ascent will continue. https://bloom.bg/2NHZtCI
🌍 Meet some of the most interesting entrepreneurs, policymakers, engineers, and thinkers tackling the world's climate crisis in 2020: https://bloom.bg/2NJddNd
⛅ Bloomberg chose eight data points to track where we are — and aren’t — making progress on climate change. See our new data dashboard: https://bloom.bg/3atihPH
🌊 Greta Thunberg brought a stark message to the business elite gathering in Davos: Everybody is talking about climate change, but nobody is doing anything: https://bloom.bg/37gSqsd
⛅ Bloomberg chose eight data points to track where we are — and aren’t — making progress on climate change. See our new data dashboard: https://bloom.bg/3atihPH
🌊 Greta Thunberg brought a stark message to the business elite gathering in Davos: Everybody is talking about climate change, but nobody is doing anything: https://bloom.bg/37gSqsd
A new respiratory virus has now killed nine people in China and has spread to the U.S., sparking a rush to contain the outbreak. China will start nationwide screening as hundreds of millions get ready to travel during the Lunar New Year holiday. https://bloom.bg/2RGSfQf
It’s also sparked furious backlash on Chinese social media platforms Weibo and WeChat, where users are questioning why authorities didn’t tell the public about the virus earlier. https://bloom.bg/2upHmu8
As stocks wobbled around the world, investors are looking to prior health scares for guidance on how much market fallout to brace for. https://bloom.bg/30H0uQA
The coronavirus may or may not be the “big one.” To prepare, we should practice what we learned from SARS in 2003, writes Andreas Kluth for Bloomberg Opinion: https://bloom.bg/37iysxf
It’s also sparked furious backlash on Chinese social media platforms Weibo and WeChat, where users are questioning why authorities didn’t tell the public about the virus earlier. https://bloom.bg/2upHmu8
As stocks wobbled around the world, investors are looking to prior health scares for guidance on how much market fallout to brace for. https://bloom.bg/30H0uQA
The coronavirus may or may not be the “big one.” To prepare, we should practice what we learned from SARS in 2003, writes Andreas Kluth for Bloomberg Opinion: https://bloom.bg/37iysxf
🚗 Tesla’s market value briefly crept above $100 billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months. https://bloom.bg/2urB9xR
💰 He was convicted and deported for losing $2.3 billion at UBS. Now, former trader Kweku Adoboli is looking to make a comeback in the country of his birth. https://bloom.bg/38uVwce
🌎 These billionaires are among the first to profit from trying to stop climate change—and with a combined net worth of $61 billion, they won't be the last. https://bloom.bg/2RgDBjR
💰 He was convicted and deported for losing $2.3 billion at UBS. Now, former trader Kweku Adoboli is looking to make a comeback in the country of his birth. https://bloom.bg/38uVwce
🌎 These billionaires are among the first to profit from trying to stop climate change—and with a combined net worth of $61 billion, they won't be the last. https://bloom.bg/2RgDBjR
☎ UN officials called for an investigation after it appeared Saudi Crown Prince Mohammed bin Salman was possibly involved in hacking Jeff Bezos’ cell phone: https://bloom.bg/38tBHlz
💊 China's state broadcaster CCTV reported two “preliminary positive” cases of the pneumonia-causing coronavirus in Hong Kong that are still awaiting final test results: https://bloom.bg/2RfjmTJ
🐷 A Hong Kong businessman is trying to convince a billion people to embrace fake pork, and help save the planet: https://bloom.bg/2sN4qTk
💊 China's state broadcaster CCTV reported two “preliminary positive” cases of the pneumonia-causing coronavirus in Hong Kong that are still awaiting final test results: https://bloom.bg/2RfjmTJ
🐷 A Hong Kong businessman is trying to convince a billion people to embrace fake pork, and help save the planet: https://bloom.bg/2sN4qTk
TripAdvisor is cutting hundreds of jobs as competition from Google intensifies. In early November, TripAdvisor shares slumped more than 20% in one day after the company reported dismal third-quarter results. https://bloom.bg/2RmY4DP
A $262 million 45-room mansion isn’t even this buyer’s most expensive purchase. The Chinese poker-playing billionaire Cheung Chung Kiu can’t get enough London real estate — but for all his investments, very little is known about him outside of certain ultra-rich circles. https://bloom.bg/30MRqd9
And fear is rapidly spreading in Wuhan, the ground zero of a deadly coronavirus. Eleven million residents woke up on Thursday to find the Chinese city in lockdown. https://bloom.bg/36iiUIw
A $262 million 45-room mansion isn’t even this buyer’s most expensive purchase. The Chinese poker-playing billionaire Cheung Chung Kiu can’t get enough London real estate — but for all his investments, very little is known about him outside of certain ultra-rich circles. https://bloom.bg/30MRqd9
And fear is rapidly spreading in Wuhan, the ground zero of a deadly coronavirus. Eleven million residents woke up on Thursday to find the Chinese city in lockdown. https://bloom.bg/36iiUIw
📚 U.S. Treasury Secretary Steven Mnuchin said 17-year-old Swedish climate activist Greta Thunberg should go study economics. https://bloom.bg/3azssCk
🇨🇳 China has banned travel from Wuhan, the city at the center of the coronavirus outbreak. https://bloom.bg/2NS4icp
👵 Scientists say they have uncovered "new evidence" that shows how stress can cause hair to turn gray. https://bloom.bg/36lGcNR
🇨🇳 China has banned travel from Wuhan, the city at the center of the coronavirus outbreak. https://bloom.bg/2NS4icp
👵 Scientists say they have uncovered "new evidence" that shows how stress can cause hair to turn gray. https://bloom.bg/36lGcNR
Bloomberg.com
Mnuchin Tells Thunberg to Go Study Economics: Davos Update
The rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering is being closely watched to see how the global elite aims to tackle problems they helped create, above all climate change.
🏥 Singapore reported the first case of a SARS-like coronavirus that originated in China: https://bloom.bg/2RCOyuU
📞 A Facebook VP pointed the blame a smartphone operating system “vulnerabilities” after Amazon CEO Jeff Bezos’s phone was hacked via Facebook-owned WhatsApp: https://bloom.bg/30KNgCv
🌳 China wants activists to stay out of its war on pollution: https://bloom.bg/2uq63H1
📞 A Facebook VP pointed the blame a smartphone operating system “vulnerabilities” after Amazon CEO Jeff Bezos’s phone was hacked via Facebook-owned WhatsApp: https://bloom.bg/30KNgCv
🌳 China wants activists to stay out of its war on pollution: https://bloom.bg/2uq63H1
👨🏻 Goldman Sachs will soon refuse to work on a company's IPO if all its directors are straight, white men. https://bloom.bg/37ixNMl
🏢 With the political unrest in Hong Kong showing no signs of stopping, rich Chinese are snapping up Singapore luxury homes despite the higher taxes. An increasing number are purchasing them solely to park their wealth and aren’t keen on renting them out, agents say. https://bloom.bg/2NSpkaW
💬 Billionaire George Soros said he’ll commit $1 billion to start a global university to fight authoritarian governments and climate change, calling them twin challenges that threaten the survival of our civilization. https://bloom.bg/36lbwMF
🏢 With the political unrest in Hong Kong showing no signs of stopping, rich Chinese are snapping up Singapore luxury homes despite the higher taxes. An increasing number are purchasing them solely to park their wealth and aren’t keen on renting them out, agents say. https://bloom.bg/2NSpkaW
💬 Billionaire George Soros said he’ll commit $1 billion to start a global university to fight authoritarian governments and climate change, calling them twin challenges that threaten the survival of our civilization. https://bloom.bg/36lbwMF
China has put 40 million people on travel lockdown on the eve of Lunar New Year as the country struggles to contain rising public anger over its response to a spreading coronavirus. https://bloom.bg/2NTqiDQ
A Swiss bank's former chief executive officer has been sanctioned for insider trading in his wife's name. https://bloom.bg/2RMAr6A
Greta Thunberg called a climate strike in Davos and slammed delegates for failing to treat global warming as a crisis. https://bloom.bg/38FsVBj
A Swiss bank's former chief executive officer has been sanctioned for insider trading in his wife's name. https://bloom.bg/2RMAr6A
Greta Thunberg called a climate strike in Davos and slammed delegates for failing to treat global warming as a crisis. https://bloom.bg/38FsVBj
Bloomberg.com
China Locks Down 40 Million People as Anger Grows Over Virus
China is struggling to contain rising public anger over its response to a spreading coronavirus even as it took unprecedented steps to slow the outbreak, restricting travel for 40 million people on the eve of Lunar New Year.
😷 An outbreak of a pneumonia-like illness that started in the city of Wuhan has put health authorities on high alert in China and around the world. Here is map tracking the outbreak: https://bloom.bg/38B4Awj
✈ Boeing’s newest plane, the 777-9, is preparing to spread its gargantuan wings: https://bloom.bg/36pX5H7
🇺🇸 House Democrats prepare to wrap up their impeachment case Friday by focusing on White House “stonewalling": https://bloom.bg/2Gh1uS2
✈ Boeing’s newest plane, the 777-9, is preparing to spread its gargantuan wings: https://bloom.bg/36pX5H7
🇺🇸 House Democrats prepare to wrap up their impeachment case Friday by focusing on White House “stonewalling": https://bloom.bg/2Gh1uS2
🇺🇸 There’s suddenly intense new pressure for Senate Republicans to call witnesses in Donald Trump’s impeachment trial. A bombshell report from John Bolton, the national security adviser who Trump fired in September, says that the president told him in August he wanted to continue freezing aid to Ukraine until the government there investigated political rivals. https://bloom.bg/36vEucO
🇰🇵 Kim Jong Un’s aunt appeared in public for the first time since her husband was executed six years ago. https://bloom.bg/3aMqU84
🇹🇭 And the Thai baht has gone from being Asia’s top-performing currency in 2019 to dead last in January. https://bloom.bg/38IotBL
🇰🇵 Kim Jong Un’s aunt appeared in public for the first time since her husband was executed six years ago. https://bloom.bg/3aMqU84
🇹🇭 And the Thai baht has gone from being Asia’s top-performing currency in 2019 to dead last in January. https://bloom.bg/38IotBL
📉 U.S. stocks tumble on intensifying concern over the impact of the deadly coronavirus: https://bloom.bg/3aQcaFw
💰Warren Buffett is one of the world’s richest fossil-fuel billionaires. The 10 largest fortunes with links to greenhouse gas emissions are valued at $537 billion: https://bloom.bg/2GuAsXz
🎶 Billie Eilish, an 18-year-old singer-songwriter from Los Angeles, swept the top four prizes at Sunday’s Grammy Awards, becoming the first artist to do so in 39 years: https://bloom.bg/2RSeQK3
💰Warren Buffett is one of the world’s richest fossil-fuel billionaires. The 10 largest fortunes with links to greenhouse gas emissions are valued at $537 billion: https://bloom.bg/2GuAsXz
🎶 Billie Eilish, an 18-year-old singer-songwriter from Los Angeles, swept the top four prizes at Sunday’s Grammy Awards, becoming the first artist to do so in 39 years: https://bloom.bg/2RSeQK3
Hello, here’s the latest on the coronavirus:
The number of deaths in China from the virus has topped 100. Global companies are starting to pull workers out of the country, and some are making preparations for Hong Kong staff to work from home. The U.S. has advised citizens to reconsider traveling there. https://bloom.bg/2vttq31
China canceled exams including the GRE and GMAT that students need to study overseas, potentially disrupting enrollment plans at universities across the globe. https://bloom.bg/37tcSWZ
Pandemic panic is natural, but try to resist it, writes John Authers for Bloomberg Opinion. https://bloom.bg/2S11Z8u
The number of deaths in China from the virus has topped 100. Global companies are starting to pull workers out of the country, and some are making preparations for Hong Kong staff to work from home. The U.S. has advised citizens to reconsider traveling there. https://bloom.bg/2vttq31
China canceled exams including the GRE and GMAT that students need to study overseas, potentially disrupting enrollment plans at universities across the globe. https://bloom.bg/37tcSWZ
Pandemic panic is natural, but try to resist it, writes John Authers for Bloomberg Opinion. https://bloom.bg/2S11Z8u
🌏 The outbreak of the deadly coronavirus threatens to derail a fragile stabilization in the world economy. https://bloom.bg/38K3UEV
💶 The EU risks tariffs on €47 billion of exports without a Brexit trade deal. https://bloom.bg/2uADZku
🚀 Can we get to space without huge carbon emissions? https://bloom.bg/2GuW6uU
💶 The EU risks tariffs on €47 billion of exports without a Brexit trade deal. https://bloom.bg/2uADZku
🚀 Can we get to space without huge carbon emissions? https://bloom.bg/2GuW6uU
Bloomberg.com
Virus Poses New Threat to Economy’s Fragile Stabilization
The outbreak of the deadly coronavirus threatens to derail a fragile stabilization in the world economy, which had appeared poised to benefit from the phase one U.S.-China trade deal, and signs of a tech turnaround.
⚠ American travelers should avoid all non-essential trips to China to stop the spread of coronavirus, says the U.S. Centers for Disease Control and Prevention: https://bloom.bg/38HpxWk
🔴 Everyone’s favorite climate solution has a fire problem: https://bloom.bg/2RzbiNW
📉 A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since Jan. 20: https://bloom.bg/3aOgN2x
🔴 Everyone’s favorite climate solution has a fire problem: https://bloom.bg/2RzbiNW
📉 A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since Jan. 20: https://bloom.bg/3aOgN2x
🌏 At least 132 people have died from the coronavirus in China, while the number of cases has soared to almost 6,000.
That's more than the number of cases of SARS officially reported in the country during the epidemic 17 years ago. https://bloom.bg/2t6kMXr
Meanwhile, the U.S. is considering several options to combat the emergence of the virus, including a ban on flights to and from China. https://bloom.bg/2uJB1u4
➡️ In other news, JPMorgan plans to dismiss several hundred workers from its consumer unit in an effort to rein in costs. https://bloom.bg/2u2fVXJ
That's more than the number of cases of SARS officially reported in the country during the epidemic 17 years ago. https://bloom.bg/2t6kMXr
Meanwhile, the U.S. is considering several options to combat the emergence of the virus, including a ban on flights to and from China. https://bloom.bg/2uJB1u4
➡️ In other news, JPMorgan plans to dismiss several hundred workers from its consumer unit in an effort to rein in costs. https://bloom.bg/2u2fVXJ
✈ Airlines across the globe suspended more flights to China, as governments tightened up on travel to help stop the spread of the deadly coronavirus. https://bloom.bg/3aVrv7M
💰 You wouldn’t know that Alexander Fridman is the son of a Russian billionaire. He rents a two-room flat for $500 a month and uses the subway to get to work. https://bloom.bg/36Ff7oJ
📉 They were once deemed too risky, but U.K. stocks are now 'too cheap to ignore', according to Morgan Stanley. https://bloom.bg/36Dk0yE
💰 You wouldn’t know that Alexander Fridman is the son of a Russian billionaire. He rents a two-room flat for $500 a month and uses the subway to get to work. https://bloom.bg/36Ff7oJ
📉 They were once deemed too risky, but U.K. stocks are now 'too cheap to ignore', according to Morgan Stanley. https://bloom.bg/36Dk0yE
Bloomberg.com
Airlines Cancel More Mainland China Flights to Counter Virus
Airlines across the globe suspended more flights to China as governments clamped down on travel to help stop the spread of the deadly Wuhan virus.