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The U.S. Department of Justice has subpoenaed a high-profile whistleblower in its criminal investigation into Wells Fargo & Co’s (WFC.N) opening of accounts without customer permission. U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Most of us can feel unavoidably like Mongo in Mel Brooks’ “Blazing Saddles,” meaning a self-perception that “Mongo only pawn in game of life.” (YouTube) Yes, we all try to be philosophical but can lapse into merely being dim-witted, like […]

America’s biggest defence contractors cannot decide whether to be thrilled or terrified by Donald Trump. The titans of the US defence establishment beat a path to Mr Trump’s Florida resort on Wednesday to hear the president-elect warn that the US government is spending too much money on wasteful, over-budget, out-of-control defence programmes. At the same time, however, Mr Trump has consistently promised a build-up in America’s military — including his […]

Good morning. A media A-list’s favorite books of 2016 Jake Tapper, the CNN reporter-show host, needed far less time than even a hyperactive wire service rewrite guy to answer a question about his favorite book this year: “‘Moonglow’ by Michael Chabon.” Bam, that didn’t take long. But it’s why amid a Trump- and-terrorism-centric moment, I asked busy and smart journalists to go high when so many others […]

Lately, cybersecurity has been the place where IT’s optimism goes to die. It’s been a tough road for companies and organizations the past few years as their network defenses have been bent and broken on a consistent, and often dramatic, basis. Hacks that topple over a billion user accounts are shocking and make a solution seem impossible. But IT is resilient despite on-going challenges in staffing, budgeting, […]

Deutsche Bank and Credit Suisse have agreed to pay out billions to resolve a probe into the alleged mis-selling of mortgage-backed securities at the height of the US housing bubble, striking deals before the Trump administration takes power. The deals came as federal prosecutors announced they were suing Barclays and two of its executives over the issue of allegedly fraudulent residential mortgage-backed securities. The suit followed the breakdown of talks […]

Automotive technology is rapidly advancing on all fronts. This past year saw several massively important developments ranging from vehicle-to-vehicle communication to the advent of 48-volt electrical systems. To be sure, self-driving cars dominated the automotive news over the last 12 months. Hardly a week went by without a significant autonomous vehicle announcement from an automaker, tech company, ride-sharing service, or other player in the increasingly […]

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Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It could be a dinner akin to the disastrous ones in “Meet the Parents,” “Talladega Nights” and “Wedding Crashers.” Or maybe “American Beauty,” where newly unemployed Kevin Spacey turns to his wife (Annette Bening) and daughter (Thora Birch) and says […]

The volcanic eruption that formed the Campi Flegrei caldera about 39,000 years ago is believed to be the largest eruption in Europe in the past 200,000 years. The supervolcano on the coast of Italy last erupted in 1538. Now, the 7.5-mile-wide cauldron-like depression of the volcano shows signs of stirring up again after nearly 500 years of inactivity. Sleeping Supervolcano Shows Signs Of Reawakening In a new […]

The Beyond the Net Funding Programme is proud to announce the results of our November 2016 grant application cycle. This cycle, we received 39 amazing applications from around the world. The project ideas were varied, original, and focused on helping local communities. It was hard, but the Selection Committee managed to pick six projects for funding. These projects were selected for their uniqueness, structure and the benefits […]

Donald Trump turned up the heat under Lockheed Martin about the cost of its F-35 fighter jet, tweeting on Thursday that he had asked rival defence contractor Boeing to price its F-18 Super Hornet as an alternative.  “Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!” Mr Trump tweeted on Thursday evening. […]

In the wake of reports that Fitbit has dominated the wearables segment and with its acquisition of Pebble, it would seem that the picture for the wearable industry is all rosy. A new report, however, shows that it is not the case. Wearables’ Negative Outlook Research firm eMarketer has downgraded its outlook on the wearable devices market. It estimates a 24.7 percent growth this year for an industry […]

22 December 2016 Etihad Airways, the national airline of the United Arab Emirates (UAE), and Montenegro Airlines, the flag carrier of the Republic of Montenegro, have signed a codeshare agreement that provides travellers with enhanced connectivity when flying between Southeast Europe and the Middle East.* The agreement will see Etihad Airways placing its “EY” code on Montenegro Airlines’ flights between Belgrade and two destinations in Montenegro – […]

But talk around the house was more likely to involve the Dodgers or Bruins. Malcolm was a good athlete, a basketball player growing up and an avid tennis player until the end. He and Steve spent a lot of time at the high school hitting and fielding, and Malcolm sometimes joined Steve in the driveway. Continue reading the main story “He was a lefty and had a […]

AMMAN Thousands of rebels and fighters were still waiting on Thursday to be evacuated from the last rebel bastion in Aleppo city but difficulties including harsh weather were complicating the final phase of the operation, a rebel spokesman said. Ahmed Kara Ali, the spokesman for the rebel group Ahrar al Sham, which is involved in the negotiations, told Reuters “large numbers” were left but that it was […]

2016 was fact-checking’s finest year [1]. No it wasn’t, it was the year of “post-truth” [2] — some preferred “post-fact” [3] — and fact-checking is a fool’s errand. The discussion about facts in journalism worldwide has rarely been as fractured and animated as it has been in 2016, so we collected 366 links, one for each day of the year, to try and make sense of what […]

The series of scattershot remarks has further unsettled a turbulent period in American foreign policy. It underscores Mr. Trump’s challenge in fashioning a coherent approach to the problems he will inherit in Asia, Europe and the Middle East, especially working with a team that consists of retired generals and an oil executive, few of whom have experience in the daily cascade of crises that confront every White […]

Iceland Of all the world leaders shamed over hidden wealth stashed offshore, none was more unfortunate than Sigmundur Davíð Gunnlaugsson. The hapless prime minister of Iceland was caught on camera desperately trying to work out how to explain the presence of his signature on the documents of Wintris Inc, a company in the British Virgin Islands that held shares in one of the country’s failed banks. As […]

Submitted by a Zero Hedge reader who wishes to remain anonymous: OPEN LETTER TO MINISTER-PRESIDENT SEEHOFER(Sent before the carnage in Berlin’s Christmas market) Dear Minister-President Seehofer, I would like to commend you on your opposition to mass uncontrolled immigration into Europe. One would think that it would be trivial to praise politicians – who are elected to uphold law and order, meaning our culture and values – […]

Friction between the two countries and their proxies is rising alarmingly at a time that mutual trust has reached a nadir. Tehran interprets Turkey’s Syria policy as primarily a product of a neo-Ottoman ambition to regain clout and empower pro-Turkey Sunnis in territories ruled by its progenitor. “What changed in Syria” after the civil war began “was neither the government’s nature nor Iran’s ties with it, but […]

Italian bank shares are on track for their best month in more than seven years as signs the government may intervene to support its financial sector gave fresh momentum to a rally. The FTSE Italia All-Share banks climbed 2.3 per cent in afternoon trading, leaving it up more than 22 per cent so far in December. The index is now on course for its best monthly showing […]

By Angus McDowall and Maria Tsvetkova | BEIRUT/MOSCOW BEIRUT/MOSCOW As President Bashar al-Assad’s army closed in on the last rebel enclave in Aleppo on Tuesday, Russia, Iran and Turkey said they were ready to help broker a Syrian peace deal. The Syrian army used loudspeakers to broadcast warnings to insurgents that it was poised to enter their rapidly diminishing area during the day and told them to […]

DUBAI // Housewives are risking fines and even jail by selling clothes, beauty products, home accessories and other items on social media without securing approval or a licence from authorities. The women, from India and Pakistan, are using sites such as Facebook and Instagram to sell their wares, which they either make themselves or bring from their home countries. This form of cottage industry is common on […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It could be called the “NBC Very, Very Late Nightly News With Brian Williams.” Instead, it’s “The 11th Hour With Brian Williams” on MSNBC — a new show starring an old face who’s honorably doing what he does well in […]

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