Friday, 31 January 2020

U.S.-UK trade deal needs labor, climate protections, enforcement: U.S. lawmaker

A future U.S.-UK trade agreement must incorporate strong provisions on worker rights, environmental protection, and enforcement to ensure bipartisan support, U.S. House Ways and Means Committee Chairman Richard Neal said on Friday, staking out a claim for Congress to help shape any such accord.


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U.S. ramps up anti-coronavirus measures at border as impact spreads

The United States ramped up its response to the coronavirus epidemic on Friday, declaring a public health emergency and saying it would halt entry to foreign nationals who had been to China within the 14-day incubation period.


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Walmart temporarily limits 'non-business critical travel' to China

Walmart Inc , the world's largest retailer, said it is temporarily limiting "non-business critical travel" to China amid the coronavirus outbreak.


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As coronavirus misinformation spreads on social media, Facebook removes posts

Facebook Inc said it will take down misinformation about China's fast-spreading coronavirus, in a rare departure from its usual approach to dubious health content that is presenting a fresh challenge for social media companies.


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China's Tianjin closes schools, firms until further notice to curb virus: state media

The northern Chinese city of Tianjin has ordered schools and non-essential companies to remain closed until further notice to curb the spread of the coronavirus that has already infected thousands in the country, a local government-run newspaper said.


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China's total coronavirus deaths hit 259 by end of Jan. 31, up 46: state media

The total number of deaths from a coronavirus epidemic in China had reached 259 by the end of Friday, Jan. 31, up by 46, state broadcaster CCTV said, citing numbers from the country's National Health Commission.


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AI IN TELECOMMUNICATIONS: Why carriers could lose out if they don't adopt AI fast — and where they can make the biggest gains

This is a preview of the AI in Telecommunications research report from Business Insider Intelligence. Purchase this report. 14-Day Risk Free Trial: Get full access to this and all Connectivity & Tech research reports. Mobile revenueIn the face of rising demand for data, increasingly saturated mobile markets, and stiff opposition from legacy players, tech entrants, and startups, global telecoms are locked in a battle for market share. These market pressures have led to vicious price wars for mobile services and, as a result, declining average revenue per user (ARPU).

Making matters worse, improvements in infrastructure and technology have made telecoms largely comparable in terms of coverage, connection speeds, and service pricing, meaning companies must transform their businesses if they hope to compete.

For many global telecoms, shoring up market share under today's pressures while also future-proofing operations means having to invest in AI. The telecom industry is expected to invest $36.7 billion annually in AI software, hardware, and services by 2025, according to Tractica.

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How 215,000 meals are made for Super Bowl LIV

  • It takes a culinary staff of 3,000 people to feed some 215,000 fans, players, NFL executives, and performers flocking to Miami for Super Bowl LIV
  • All the cooking happens from kitchens deep inside Hard Rock Stadium and Miami Beach Convention Center.
  • Here, chefs are hustling to make everything from porchetta and paella for suites to 10,000 hot dogs for concession stands.
  • Business Insider producers got a behind-the-scenes tour with Executive Chef Dayanny de la Cruz to see how her team feeds football's biggest fans.
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Lamar Hunt, late owner of the Kansas City Chiefs, was one of 15 children and an heir to the Hunt family dynasty, one of the richest families in America

huntBettmann/Contributor/Getty Images

  • The Hunt family is one of the wealthiest families in America
  • Their fortune came from H.L. Hunt's early investments in American oil. 
  • H.L. had 15 children, some of whom are still very prominent in business today. 
  • His son, the late Lamar Hunt, was a founding member of the American Football League and owner of the Kansas City Chiefs.
  • Another son, Ray Hunt, is the richest of all his siblings — he heads up the oil and gas company Hunt Consolidated, Inc. 
  • Visit Business Insider's homepage for more stories.

Haroldson Lafayette Hunt was known as one of the richest men in America. He made his fortune in the oil industry.

Bettmann/Contributor/Getty Images

Source: Encyclopædia Britannica, The New York Times



He founded Hunt Oil Company in 1936. He saw great success in the oil business and reportedly used profits to invest in other industries like publishing, cosmetics, and even pecan farming.

Bettmann/Contributor/Getty Images

Source: Encyclopædia Britannica, The New York Times



Hunt died in 1974 with an estimated net worth of between $2 billion and $3 billion.

Shel Hershorn - HA/Inactive/Contributor/Getty Images

Source: Encyclopædia Britannica




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SEE ALSO: How the Waltons — America's wealthiest family and heirs to the Walmart empire — live their lives

DON'T MISS: Meet the Albrechts, the reclusive billionaire heirs to the Aldi and Trader Joe's empire

SEE ALSO: What the sole heiress to the In-N-Out empire and one of the US's youngest billionaires' life is really like



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Airbnb quietly acquired cloud storage startup Minbox in 2016

minboxScreenshot/The Internet Archive

  • In 2016, Airbnb bought Minbox, a tool for syncing files across cloud storage services like Google Drive and Dropbox, an Airbnb spokesperson confirmed to Business Insider.
  • The previously unreported purchase was one of several quiet acquisitions by Airbnb in 2016.
  • Airbnb did not say how much it acquired Minbox for or how it has integrated Minbox's team and technology.

Airbnb, in a previously unreported May 2016 transaction, bought a small cloud service startup called Minbox, an  Airbnb spokesperson confirmed to Business Insider.

Minbox let users sync files across multiple cloud service providers like Dropbox, Google Drive, Box, Evernote, Slack and OneDrive. Started in 2013 by Alexander Mimran, Michael Lawlor, and Simon Fletcher, the company raised a seed round of $800,000 from Correlation Ventures, Rho Ventures, and other individual investors, according to the Wall Street Journal.

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A risky corner of the ETF market has boomed this year as YOLO traders chase the rally

A fund that tracks Nvidia stock is one of the most popular leveraged ETFs. Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia F...