The death toll of a coronavirus outbreak that started in China is rising.
Of more than 540 people who've been infected, 17 have died. The virus, which originated in the city of Wuhan, has spread to five other countries: Thailand, Japan, South Korea, Taiwan, and the US.
The virus' scientific name is 2019-nCoV, and it can be passed from human to human. Authorities are fighting to stop it from spreading further as millions begin to travel for the upcoming Chinese New Year.
The disease is part of the larger coronavirus family, which typically infect the nose, throat, or sinuses. This one has pneumonia-like symptoms.
Here's everything we know:
- In January 2019, Jeff Bezos and his wife MacKenzie announced their surprise divorce. The statement preempted the National Enquirer tabloid's story describing intimate texts and photos from Bezos' extramarital affair.Bezos also accused the National Enquirer of "extortion and blackmail."Bezos and his security chief hinted at or accused the Saudis of accessing the Amazon CEO's personal data at the time. The Saudis denied the hacking allegationsThe Guardian on Tuesday revealed that Bezos' phone had been hacked by Saudi Crown Prince Mohammed bin Salman. That raises a question: How did the Enquirer get hold of the material?Crown Prince Mohammed Bin Salman and Enquirer owner David Pecker have a years-long business relationship. Pecker's company recently produced a 97-page magazine extolling the "magic" of the new Saudi Arabia.There is no hard evidence so far, however, that MBS passed Bezos' intimate data to the Enquirer.Scroll down for a timeline on the Bezos...
- New images have been published of the Russian GRU assassination team working in Europe. A video from a case in Bulgaria shows a man connected to the 2015 poisoning of an arms dealer.The suspects in the Bulgarian poisoning are believed to be part of the same Russian unit that conducted the poison attack on Sergei Skripal in Salisbury, England.Russia is seemingly able to conduct its state-sponsored assassination attempts in Western Europe with little interference from domestic security services.But they keep failing to kill their targets. And they leave lots of evidence behind them.Read more on Insider.com.
- President Trump slammed the Fed for raising interest rates in 2017 and 2018. He accused the Fed of hindering the economy and stock market in a CNBC interview. The economy would be growing faster and the stock market could be more than a third higher if the central bank hadn't hiked rates, Trump said. "Had we not done the big raise on interest, I think we would have been close to 4%," Trump said. "I could see 5,000 to 10,000 points more on the Dow. It was just a big mistake." Visit Business Insider's homepage for more stories.
- We've reached peak globalisation, says Capital Economics, and emerging economies like China will suffer. That means the widespread assumption that China will leapfrog the US for the title of the world's biggest economy is likely wrong. "If we're right, then the world in 2050 will look very different to what the consensus expects," the economists said. Visit Business Insider for more stories.
- Stocks rallied on Wednesday as investors shrugged off the spread of the deadly coronavirus from China. The first confirmed US case of the SARS-like disease was diagnosed, heightening fears of an outbreak. "There isn't any case reported in Europe yet but it is only a matter of a time," one analyst said. Germany's DAX index touched a record high amid "evidence that an industrial rebound is just around the corner," another analyst said. Visit Business Insider's homepage for more stories.
Ray Dalio proclaimed "cash is trash" and warned investors against ditching stocks for dollars in a CNBC interview on the sidelines of the World Economic Forum in Davos, Switzerland on Tuesday.
The advice from the billionaire founder of Bridgewater Associates, the world's largest hedge fund, contrasts with the stance of Warren Buffett, whose Berkshire Hathaway conglomerate was sitting on $128 billion in cash at last count.
Dalio warned the value of hard currency would be eroded by a weaker dollar and growing money supply. He recommended investors build a globally diversified portfolio that includes at least some gold.
- Warren Buffett topped the list of America's biggest givers after donating almost $15 billion to charitable causes between 2014 and 2018. The famed investor and Berkshire Hathaway boss led the pack in all five years, primarily giving to causes chosen by the Bill and Melinda Gates foundation. The high-profile philanthropist couple ranked second after Buffett, beating out George Soros, Michael Bloomberg, and the Walton family. Visit Business Insider's homepage for more stories.
Authorities are fighting to stop it from spreading as millions travel for Chinese New Year, and scientists are trying to understand the virus, which has not been seen by humans before, and its effects.
The virus, called 2019-nCoV, is a coronavirus — which is one that infects the nose, throat, or sinuses — and has pneumonia-like symptoms. Experts say it can be spread from human to human.
Here's what we know:
- President Trump blasted Nobel Prize-winning economist Paul Krugman on Sunday for predicting his election would devastate the global economy. "If you listened to the flawed advice of @paulkrugman at the @nytimes, a newspaper that was going broke until I came along, you would have entirely missed the RECORD BREAKING Stock Market (and other) numbers produced since Election Day, 2016," Trump tweeted. "We are very probably looking at a global recession, with no end in sight," Krugman wrote after the 2016 election. Krugman has repeatedly attacked Trump's economic record, but his doomsday predictions are yet to come true. Visit Business Insider's homepage for more stories.
- Presidents Trump and Macron have reached a ceasefire in their escalating trade war.The fight began in July when France approved a 3% tax on revenue generated by large digital companies operating within the country, primarily targeted at Silicon Valley giants like Amazon, Facebook, and Google.Amazon, Facebook, and Google have been criticized for minimizing their corporate tax in Europe by channelling sales through low-tax countries such as Luxembourg.The Trump administration claimed the tax was unfair because it disproportionately impacted American firms and threatened tariffs on French goods including cheese and wine.Visit Business Insider's homepage for more stories.
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