Chinese travellers wear protective masks as they arrive to board trains at Beijing Railway station before the annual Spring Festival on January 21, 2020 in Beijing, China. Many in China scrambled to buy face masks to protect themselves from the previously unknown, flu-like coronavirus infection and airports around the world tightened screening. The SARS coronavirus outbreak killed nearly 800 people then. The disease was spreading further around other parts of China, however, including five cases

DAVOS, Switzerland – Many business leaders at the World Economic Forum aren’t convinced the latest round of trade negotiations between China and the U.S. will yield a “phase two” deal before the end of President Donald Trump’s first term. It is unclear how another China trade deal could be accomplished if Trump isn’t reelected. “That is why most of our tariffs on China will remain in place during the ‘phase two’ negotiations.” Ray Dalio, who leads investment firm Bridgewater Associates, said he,

A visual representation of digital cryptocurrency coins on display in front of Facebook and Libra logos. Some of the world’s largest central banks are teaming up on an initiative to explore digital currencies. The central banks of Britain, Japan, the euro zone, Sweden and Switzerland have grouped up with the Bank for International Settlements (BIS) to assess potential use cases for such currencies. The topic of central bank digital currencies (CBDC) has gained momentum among major institutions s

Earlier this week, President Donald Trump’s campaign told email subscribers that they’d get a sneak peek at his $10 million Super Bowl ad if they got in touch via text. But he said big marketers will still advertise during the Super Bowl because they want to reach exceptionally large audiences. Last year’s Super Bowl on CBS attracted an audience of 98.8 million, the biggest telecast of 2019 by far. Kellogg’s Pop-Tarts is in the Super Bowl for the first time this yeardebuting a new pretzel flavor

On Tuesday, the company announced it sold its Uber Eats food delivery business in India to Zomato, its competitor backed by Alibaba affiliate Ant Financial. The deal could leave Uber out of a significant chunk of the food delivery market. “It is increasingly clear that Uber has a strong ride-sharing business and a food delivery business that is rationalizing,” they wrote. Uber’s market value is now around $63 billion. In September, Uber said it would end its food delivery service in South Korea.

Disney announced Tuesday that it will launch its new streaming service Disney+ in the UK and parts of Europe a week earlier than planned. Disney+ was initially set to launch across parts of Europe on March 31. Disney also confirmed its European pricing for Disney+, which will cost £5.99/€6.99 per month, or £59.99/€69.99 for a year. Disney launched its streaming service in November in the U.S., Canada, Australia, New Zealand, and The Netherlands. Apple’s streaming service Apple TV+ launched last

Apple dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters. When Apple spoke privately to the FBI about its work on phone security the following year, the end-to-end encryption plan had been dropped, according to the six sources. Reuters could not determine why exactly Apple dropped the plan. The government dropped the proceedings

Swiss police reportedly believe they uncovered two Russian spies who had posed as plumbers in order to bug world leaders at Davos this week. According to the Financial Times, Swiss police picked up two men at the high-end resort in August after the pair had aroused suspicion by staying for an unusually long time. Zürich’s Tages-Anzeiger newspaper reported that Swiss officials and police concluded that the pair were Russian spies employed by the Kremlin to record and tap into the conversations of

Ray Dalio, founder of investment firm Bridgewater Associates, said on Tuesday that he thinks investors shouldn’t miss out on the strength of the current market and they should dump cash for a diversified portfolio. “Everybody is missing out, so everybody wants to get in,” Dalio said, speaking to CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switerzland. Dalio advised having a global and well-diversified portfolio in this market and said the thing people can’t “jump into” is cash. “Ca

Billionaire investor Paul Tudor Jones said the stock market today is reminiscent of the latter stages of the bull market in 1999 that saw a giant surge that ultimately ended with the popping of the dot-com bubble. Asked if investors should sell now to avoid a blow-up like the one that took place in March of 2000, Jones said, “Not really. The train has got a long, long way to go if you think about it.” The stock market hit a peak in 2000 before the dot-com bubble burst. The tech-heavy Nasdaq Comp

President Donald Trump addresses the World Economic Forum at the congress centre in Davos, on January 21, 2020. Fabrice Coffrini | AFP | Getty ImagesDAVOS, Switzerland — Some attendees at the World Economic Forum (WEF) have described President Donald Trump’s remarks on Tuesday as being a little too optimistic. In what was his second speech as U.S. leader at Davos, Trump outlined how his “America-first” approach had worked and advised other countries to follow suit. During his remarks, Trump ment

Children’s charity Unicef has urged policymakers at the World Economic Forum to address the education spending gap, after it found 30% of the world’s poorest teenage girls have never been to school. It found fewer (20%) of the world’s poorest boys had never attended school. However, it reported that an equal number of boys and girls (14%) had dropped out of education in primary school, the British equivalent of elementary school. The report said children from the world’s poorest households alrea

Work with people you genuinely admire, Oscar-nominated screenwriter Richard Curtis advises3 Hours AgoRichard Curtis, the creative force behind a string of iconic movies including “Love Actually” and “Four Weddings and a Funeral,” speaks to CNBC’s Tania Bryer about his career success.

Making a hit movie isn’t as life changing as people might expect, Oscar-nominated screenwriter and director Richard Curtis told CNBC. Speaking to CNBC’s Tania Bryer at the World Economic Forum in Davos, Switzerland, Curtis — the creative force behind movies including “Love Actually,” “Notting Hill” and “Four Weddings and a Funeral,” said success “doesn’t really change your life as much as you would expect.” Despite all of his success, Curtis told CNBC he struggled with self-discipline in the ear

China leading the way on tech used in everyday life, Naspers CEO saysBob van Dijk, group CEO of Naspers and group CEO of Prosus, discusses the tech sector.

Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. The chairman of major aircraft leasing firm Air Lease, which has 150 of Boeing’s grounded 737 MAX jet on order, on Monday called on the U.S. manufacturer to drop the “damaged” MAX brand to avoid it undermining the plane’s value. “We’ve asked Boeing to get rid of that word MAX,” Udvar-Hazy told the Airline Economics aviation finance conference in

Steven Mnuchin, U.S. Treasury secretary, exits after a House Financial Services Committee hearing in Washington, D.C., Dec. 5, 2019. The phase 2 trade deal with China would not necessarily be a “big bang” that removes all existing tariffs, U.S. Treasury Secretary Steven Mnuchin told The Wall Street Journal in an interview. British Prime Minister Boris Johnson in December had pledged to make major multinational companies pay their fair share of tax, including the implementation of a Digital Servi

Arguments will begin Wednesday at 1 p.m., according to the rules McConnell laid out, setting up several long days for Senate jurors. The four-page organizing resolution, which the Senate is expected to adopt Tuesday, lays out the initial parameters of the trial. Once that concludes, the Senate will consider “the question of whether it shall be in order to consider and debate under the impeachment rules any motion to subpoena witnesses or documents.” Depositions typically occur behind closed door

Steve Schwarzman, billionaire co-founder of private equity powerhouse Blackstone, told CNBC on Tuesday he sees fewer buying opportunities because markets and assets have become so expensive. Schwarzman said the moves were partly justified by expectations for further economic growth as interest rates remain low. General Atlantic CEO Bill Ford, appearing on CNBC shortly after Schwarzman, agreed that valuations are getting lofty. In 2019, General Atlantic invested $4.5 billion in 31 new companies.

Watch CNBC’s full interview at Davos with Blackstone CEO Stephen SchwarzmanStephen Schwarzman, founder, CEO and Chairman of Blackstone Group, joins “Squawk Box” at the World Economic Forum in Davos to discuss sustainable investing, the role of capitalism, the “phase one” China trade deal, the 2020 election and much more.