Ukraine and Russia seem to be edging perilously close to war
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Markets plunged over coronavirus concerns. The Dow Jones Industrial Average fell 1,000 points marking its worst day in two years. The selloff erased all year-to-date gains for both the Dow and the S&P 500 as markets reprice the impact of COVID-19 on the world economy.CNBC
Intuit is buying Credit Karma for $7.1 billion. The company behind TurboTax, Mint.com, and QuickBooks is adding the credit-score monitoring startup to its portfolio in a cash and stock deal that is now Intuit’s largest-ever acquisition.Business Insider
Shake Shack’s stock crashed after missing sales targets. The New York-based burger chain saw its share prices fall by over 10% in extended trading after reporting a $2 million loss last quarter. The burger brand attributed the miss to food and labor costs.MarketWatch
Coronavirus is shaking the global order...
The first coronavirus vaccine is ready for human trials... The biotechnology firm Moderna has shipped the first batch of its experimental vaccine to US researchers at the National Institute of Allergy and Infection Diseases. Clinical trials are expected to begin in April.The Wall Street Journal
...and the World Health Organization says containment is still possible. WHO Director-General Tedros Adhanom Ghebreyesus told the global press corps that it's too early to label COVID-19 a pandemic, and that "this virus can be contained."Reuters
Hysteria over coronavirus in Italy is reminiscent of the black death. During the plague in Italy, individuals were accused of purposefully spreading the disease. Now with seven confirmed deaths in the country, it's happening all over again.Quartz
...and ruining fashion season.
Coronavirus will cost the luxury industry an estimated $40 billion. Many companies have already warned of steep losses and a new survey of luxury executives estimated the eye-popping potential of total losses for the industry.Quartz
If it trees the court
The US Supreme Court goes on a hike and gets metaphysical. The US Forest Service defended its right to allow a pipeline under the world’s longest hiking path by saying “the trail is not land.” Monday’s debate offered a preview of the heady philosophy we can expect from an eventual court decision.Quartz
An influx of nonviolent weapons in the US immigration system
The Friends cast cashes in
Each member will get $2.5 million to hang out for an hour. All six original cast members of the 1990s sitcom classic are reuniting for an hourlong special to help launch AT&T's HBO Max streaming service.Quartz
What's next for African economies
Wind energy churns across Africa. Renewable energy investment in sub-Saharan Africa has grown to $7.4 billion in 2018 up from $2.3 billion the year before.Quartz Africa
Nigeria’s economy is making a comeback—but it’s still not happening fast enough. The country’s recent rebound from its 2016 recession remains far short of the government's projections.Quartz
A refugee in the Netherlands returned a long-lost 18th century Ethiopian bronze crown More conversations are happening around the repatriation of stolen African artifacts on show at many European museums.Quartz Africa
This is a new take on the benefits of migration -- it might even result in the repatriation of artifacts!
The unprecedented rise of TikTok
TikTok is China’s first global app. The short-form video app, owned by ByteDance, is the first Chinese app to become truly intertwined in the lives of its international users. Quartz’s Jane Li explains TikTok’s history, the company behind it, and its biggest challenge: scrutiny from regulators, especially in the US. ✦Quartz
SoftBank and the state of the startup
Is the startup boom over? Last year saw the smallest number of venture capital investments in startups since 2016, and dozens of startups have kicked off the new decade by slashing jobs. Add to that a disastrous IPO for Casper Sleep and the failure of nine- and ten-figure businesses like Brandless and Essential—the glory days of startups may be over, for now.The New York Times
Trump in India
Trump brings up US’s relationship with Pakistan at Ahmedabad event. India has long viewed the US’s stance on Pakistan as not being critical enough over alleged terror funding and camps. Trump gloated over the American “victory” over the Islamic State of Iraq and Syria and expressed his resolve to not let terror thrive.Quartz
Donald Trump says $3 billion worth of military deals will be inked with India. Speaking at the “Namaste Trump” event in Ahmedabad’s newly-built Motera cricket stadium today, the US president said America looks forward to selling the “best and most feared” equipment to India.Quartz
Good that leaders visit other countries. But the country shouldn't try to shield the reality from view. What is, is. You can't hide your slums, you can't hire people to attend the event. The bare truth will still be obvious. Instead try to highlight the significant strengths of the country and benefits
Good that leaders visit other countries. But the country shouldn't try to shield the reality from view. What is, is. You can't hide your slums, you can't hire people to attend the event. The bare truth will still be obvious. Instead try to highlight the significant strengths of the country and benefits that can be availed being cordial and supportive of each other. After all we all live on one planet: Mother Earth.
India welcomes the Trumps with a second Republic Day Parade. The floats for the annual Jan. 26 parade, a matter of pride and well-deliberated upon, are prepared months in advance, but the Ahmedabad tableaux looked mostly haphazard, brought up after the US announced Trump’s maiden official visit to India on Feb. 13.Quartz
We're obsessed with leopard print
Leopard print spottings are on the rise. The fabric has been the preserve of royalty, the priesthood, high society ladies, and pinup models, but today it’s for anyone who’s bold enough to wear it—thanks to technological advances that allow machines to cheaply recreate the complex pattern, and with fashion doyens who have decided it’s now “neutral.”Quartz
You've spotted the end of the news!
Revolut triples valuation even as scrutiny over neobank profitability growsQuartz
The US Supreme Court gets metaphysical in Appalachian Trail pipeline fightQuartz
Renewable energy investment is taking big strides in sub-Saharan AfricaQuartz Africa
ICE expands use of pepper spray at privately-run immigration detention center accused of abuseQuartz
The “Friends” cast members are each making $2.5 million to hang out for an hourQuartz
Coronavirus will cost the luxury industry an estimated $40 billionQuartz
Hysteria over coronavirus in Italy is reminiscent of the black deathQuartz
Nigeria’s economy is making a comeback—but it’s still not happening fast enoughQuartz Africa
How a political refugee found a lost 18th century Ethiopian bronze crown and took it back homeQuartz Africa
East African B2B retail platform Sokowatch has closed a $14 million Series A fundingQuartz Africa