Ad blockers face scrutiny over pay-to-play policies. US senator Ron Wyden has asked the Federal Trade Commission to look into companies that allow businesses to pay to get around their adblockers and require more transparency around such practices.
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Netflix has hit a wall in the US, but its global outlook is much rosier. Netflix's fourth-quarter earnings beat Wall Street street estimates, and the stock is gaining after-hours despite weak domestic growth numbers and a softened first-quarter outlook. Toss a coin to your Witcher indeed.Quartz
Lebanon has a new government. Facing the worst economic crisis in decades, heavily indebted Lebanon has been without a government since October. The new prime minister, Hassan Diab, is a 60-year-old professor at the American University of Beirut.www.aljazeera.com
The spread of the Wuhan coronavirus
The first US case of the deadly Wuhan coronavirus has been confirmed. The US Centers for Disease Control and Prevention reports that a case of the dangerous new virus—that has already killed six in China—has been diagnosed in Washington State.CNN
No end in sight for Boeing's 737 crisis
Regulators say there is "no timeframe" for the 737 Max to return to the skies. Boeing shares cratered between four and five percent after news that the Federal Aviation Administration is still nowhere near giving Boeing's beleaguered jet the all-clear.CNBC
The flip side of the 737 Max issue is that airliners who didn’t buy the Max - JetBlue and Delta among them - are doing well as the supply constraint has boosted their revenue. And as travel is one of the first items to be cut in a recession, they could come out on top of any downturn consolidations down the road as a result.
Should Boeing rename the 737 Max? If not, Boeing could scrap the troubled jet altogether and develop an all-new replacement—leaving the door open to calling it whatever it chooses.Quartz
The 737 is forever linked to corporate failure. Despite its success Boeing trying to upgrade an old design is a repeat of Henry Ford trying to keep the Model T in production. Boeing should already have a new design in development . If it doesn't then Boeing will be in an abyss of its own making.
Boeing failed to go back to the drawing board when they discovered that it had huge design problems. Alternatively, they came up with a quick and flawed fix with the lame MCAS system. In the Boeing Exec Suite and Board Room, profit trumped basic safety and customer considerations. What a TOTAL disaster
Boeing failed to go back to the drawing board when they discovered that it had huge design problems. Alternatively, they came up with a quick and flawed fix with the lame MCAS system. In the Boeing Exec Suite and Board Room, profit trumped basic safety and customer considerations. What a TOTAL disaster on all fronts. It is embarrassing! It may be criminal! This will drag on and on. The FAA has egg on their face too and they will respond with a scorched earth system for re-certification for the MAX. And now, AND NOW, Boeing is planning to pay stock "dividends" to shareholders even while they are having to borrow an initial $10 billion to bolster the stock price and stay afloat. Greedy bastards!
Who's who at the World Economic Forum
There are nearly 2,800 attendees this year... Representing 117 different countries, the group includes world leaders, finance heavyweights, a smattering of women, and your perennial conference regulars. Don't take our word for it—here are some tables and maps instead.Quartz
...and we've obtained the full secret guest list... Sometimes the World Economic Forum keeps the list private and sometimes certain groups are strategically omitted. But this year, Quartz gained access to a guest list with an unprecedented level of detail.✦Quartz
...and this is how they're being divided... Delegates are slotted into categories numbered one to seven—an indication, of sorts, of how senior or perhaps important a delegate is to the business world. In all, 46% of this year’s participants are listed as ones, and 0.75% are sevens.Quartz
The climate at Davos
Trump trashed climate activists and boosted his own achievements. The US president's address during the World Economic Forum was a long list of what he’s done, whether true or not. He also found time to decry "prophets of doom" who bring a climate agenda to the conferenceQuartz
Greta Thunberg reminded attendees of the alarming numbers surrounding climate change, which show that the world is running out of time to reduce warming. The young Swedish activist said she would continue repeating the metrics until people start listening.Quartz
Greta Thunberg just finished speaking at Davos, one hour after Donald Trump gave a speech unremarkably light on climate-focused details and commitments. She reminded the assembled world leaders that she came to Davos last year and told them "our house is on fire." She ended her speech this year by saying
Greta Thunberg just finished speaking at Davos, one hour after Donald Trump gave a speech unremarkably light on climate-focused details and commitments. She reminded the assembled world leaders that she came to Davos last year and told them "our house is on fire." She ended her speech this year by saying: "Our house is still on fire."
It's also the world's most expensive business trip
Car rentals help push the administration's travel costs past $4 million. Car services alone for president Trump’s daughter and senior advisor over two days in Davos will cost US taxpayers $34,000, tacking onto the bill of Trump’s most-expensive trip to WEF.Quartz
The next level of gaming
Quartz Africa edition
The UK’s Africa summit was big on lofty promises but light on commitments. British ministers announced a smattering of trade deals to replace its EU agreements and $10.5 billion in investments and commerce—but UK-Africa trade continues to decline overall.Quartz
A Chinese super app is facing claims of predatory consumer lending. A new report by a US-based equity research firm claims OKash and OPesa, the Africa-focused consumer lending apps of Opera are offering loans on predatory termsQuartz
Our plant-based future
Starbucks inches closer to adding plant-based meat to its menu. However, the company declined to get into timelines or potential suppliers after CEO Kevin Johnson laid out a plan to make the coffee chain more environmentally friendly.Reuters
Bacteria could soon replace dairy cows and soy fields. Lab-grown food producers say they can reach cost parity with traditional agriculture by the end of the decade—while using less land and water and emitting less carbon and fewer pollutants.the Guardian
Check back soon
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India drops 10 places in The Economist’s democracy rankings over Kashmir and citizenship lawQuartz India
Brexit has reversed a decades-long drop in the size of the UK’s civil serviceQuartz
India’s organised retailers and e-tailers hold up, while kirana stores face the brunt of slowdownQuartz India
Ola proved itself smarter than Uber in India’s food-tech spaceQuartz India
China funds more coal plants in Bosnia as residents protest some of the world’s worst air qualityQuartz
Despite $5 billion dues and Jio’s wrath, Airtel is not hanging up just yetQuartz India
Netflix has hit a wall in the US, but its global outlook is much rosierQuartz
The museum that defines the Instagram age wants visitors to ditch their phonesQuartz
Should Boeing rename the 737 Max?Quartz