Coronavirus live updates: China, South Korea cases

A nurse working in the isolation ward communicates with a co-worker on the talkie-walkie in Jinyintan Hospital, designated for COVID-19 patients, in Wuhan in central China’s Hubei province Monday, Feb. 17, 2020. Feature China | Barcroft Media via Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 9:24 am: South Korea cases surpass 760, fatalities rise to seven The Korea Centers for Disease Control and Prevention reported an additional 161 cases on Monday morning, bringing the total to 763 nationwide. Most…

Judicialisation of elections erodes democratic legitimacy in Nigeria

Judicial activism in electoral matters is now prevalent in Nigeria. Abraham Lincoln famously defined democracy as “the government of the people, by the people, for the people”. But instead of “government by the people”, we are seeing “government by judges”, with the growing phenomenon of judge-made governors. The recent Supreme Court rulings overturning the results of the Imo State and Bayelsa State governorship elections are latest instances of such judicial overreach. In the case of Imo State, the Supreme Court, on 14 January 2020, controversially removed Emeka Ihedioha, of the…

Coronavirus could spark a 20% technology pullback, Paul Meeks warns

Investor Paul Meeks is bracing for a bear market in technology. Meeks, who’s known for running the world’s largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads. “There is some comeuppance due, and unfortunately I think the coronavirus is that exogenous variable that is a catalyst to take some of these stocks down,” the portfolio manager at Independent Solutions Wealth Management told CNBC’s “Trading Nation” on Friday. The major indexes ended the week meaningfully lower after a series of new coronavirus cases…

‘Tesla killers’ aren’t killing Tesla at all

At least a few executives at major automakers have indicated that electric cars are the way of the future, and several of them are making big bets on battery-powered vehicles. But at least in the United States, the market seems to belong almost entirely to Tesla. The California carmaker’s Model 3 midsize sedan far outstripped sales of any other competitor in 2019. The next best-selling model that year was the Chevrolet Bolt, which sold a mere 16,000. The success of both Tesla cars, and Tesla shares, have baffled many in…

Hotels offer offbeat concierge services to keep guests coming back

Crawfish concierge at Ritz-Carlton New Orleans. Source: Ritz-Carlton New Orleans Pantelis Evangelou is a guest services manager at the London Marriott Park Lane, but to young guests, he may be better known as the hotel’s teddy bear butler. The hotel offers a teddy-bear themed concierge service to children that is included with suite bookings or available as an add-on for a fee of roughly $50. After a child chooses an option from the hotel’s menu of 11 themed bears, Evangelou arrives at the door with a stuffed animal ready for…

Saudi Arabia will support Lebanon if it sees viable reform plan

Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Saudi Arabia is willing to support crisis-stricken Lebanon, but wants to see a realistic reform plan first, its finance minister said during the G-20 Summit in Riyadh on Sunday. Asked if the kingdom would offer financial assistance to Lebanon, which is in the clutches of a debt, banking and currency crisis brought on by decades of financial mismanagement and corruption, Saudi Finance Minister Mohammed al Jadaan said he’s monitoring…

The Kia Telluride is the best three-row SUV on sale

2020 Kia Telluride SUV Mack Hogan | CNBC Kia’s first attempt at giving the American marked a three-row SUV didn’t work so well. The thirsty Borrego arrived as gas prices began to soar during the recession, making the V-8 truck mostly dead on arrival. It was a total miss for the market at the time. But Kia’s a lot savvier than it was 12 years ago. The Korean company has mastered the American market. The proof is in the Telluride, Kia’s second try at cracking the three-row SUV market. It’s…

TurboTax maker Intuit near deal to buy Credit Karma for $7 billion: WSJ

TurboTax maker Inuit Inc. is close to an agreement to buy personal-finance technology portal Credit Karma Inc. for roughly $7 billion, the Wall Street Journal reported, citing anonymous sources. The deal, which will be in cash and stock, would push Intuit further into the growing online consumer finance sector. The company is expected to announce the agreement on Monday, people familiar with the matter told the newspaper. The acquisition would be Intuit’s largest in its 37-year history. Intuit shares have risen nearly 14% since the beginning of the year, and…

Turkey closes Iran border due to outbreak

People wear masks after deaths and new confirmed cases revealed from the coronavirus in Tehran, Iran on February 21, 2020. Anadolu Agency All times below are in Eastern time. 10:28 am: G20 ready to adopt policies to limit economic impact of virus Saudi Arabia’s finance minister said that finance officials from the Group of 20 major economies agreed to continue monitoring the risk from the coronavirus outbreak and to adopt appropriate policies to limit the global economic impact. 9:45 am: IMF chief sees negative economic impact from virus, even if outbreak…

SEC restates commitment to resolve ‘Dantata Success’ subscribers’ issues

The Securities and Exchange Commission (SEC) has assured subscribers of defunct Dantata Success and Profitable Company (DSPC) that it is discussing with all parties with a view to settling claims of subscribers. The SEC had sealed off the premises of DSPC for engaging in illegal capital market activities. Dantata Success reportedly solicited funds from unsuspecting members of the public and did not register with the commission before going into investment operations that fall within the purview of fund management. It sold registration forms to prospective investors according to their investment…