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. A Detroit cop who used Facebook to refer to city residents as “garbage” and came pretty close to bragging about police brutality has retired, the city’s police chief announced Thursday. And at the heart of it all is a single […]
A trading surge powered by Donald Trump’s victory has helped two of the three biggest US banks boost quarterly profits, fuelling hopes Wall Street can extend its post-election resurgence. JPMorgan Chase’s trading business, the largest in the world by revenues, produced its best ever fourth-quarter. Net income jumped 96 per cent from a year earlier to $3.43bn. At Bank of America’s global markets business, net income soared […]
Deir al-Zour, an oil-rich province that borders Iraq, is largely under Islamic State control and has been the focus of American-led airstrikes and other military action. Continue reading the main story Since early 2015, the jihadists have besieged the provincial capital, also called Deir al-Zour, where about 200,000 people live. The Islamic State, also known as ISIS or ISIL, controls roughly half of the city, while the […]
Theresa May, the UK prime minister, bookended a volatile week for sterling, prompting a sharp rise in the cost of hedging against falls in the pound as she prepares to set out more information about her Brexit negotiating strategy. The pound rallied against the dollar on Friday, at one stage rising 0.6 per cent to regain the $1.22 mark. But traders are positioned for sterling to fall, […]
Barts Health NHS Trust incorporates five hospitals in London – including St Bartholowmew’s. Image: Barts Health NHS Trust The largest hospital group in the UK has taken some of its systems offline following a cyberattack. Barts Health NHS Trust incorporates five hospitals across East London – Mile End Hospital, Newham University Hospital, The Royal London Hospital, St Bartholowmew’s Hospital and Whipps Cross University Hospital, with its workforce […]
Cybercriminals are exploiting charity for their own nefarious means. Image: iStock Cybercriminals are attempting to infect people with bank data stealing Ramnit malware by using phishing emails pretending to come from a charity. Migrant Help is a real British charity which offers support to distressed migrants arriving in the UK, but hackers are using its name in an effort to infect victims with the Ramnit banking Trojan, […]
Throughout the presidential campaign and since Donald Trump’s election, former diplomats, retired generals, and foreign-policy analysts have attempted to decipher, explain, and predict his foreign-policy strategy. Will he pursue the big-stick model of Teddy Roosevelt? Embrace a neo-Nixonian “madman” strategy? Is Trump actually a champion of foreign-policy realism, or perhaps no realist at all? But all those questions make the same mistake — they assume the incoming […]
BlackRock says it will raise its quarterly dividend after reporting the largest net inflows of new client money in its history in 2016, despite a 5 per cent fall in net income for the year. Reporting its fourth quarter and full-year results, the world’s largest asset manager said that it took in total net inflow of $202bn in 2016, as its total assets under management rose by […]
For years, Iran has been under a series of international sanctions prohibiting it from exporting arms. The United States has frequently claimed that Tehran has violated the sanctions in support of proxy forces in many conflicts, including in Iraq, Syria, Yemen and the Palestinian territories. Photo Weapons seized in February from smugglers near Yemen’s coast. Credit Australian Department of Defense, via Small Arms Survey The grenade launchers […]
Fragile market conditions, poorly controlled algorithms and inexperienced staff all contributed to last October’s flash crash in sterling, global policymakers have concluded, with the Bank for International Settlements urging banks and other market participants to learn from their mistakes. The BIS — the central bank for central banks — said on Friday that no single event was responsible for the extraordinary 9 per cent plunge in the […]
Security researcher Niall Merrigan estimates that more than 600 Elasticsearch instances have now been hit. Image: Niall Merrigan/Twitter Hundreds of Elasticsearch instances have been wiped in the past few hours, in near-identical ransom attacks to those that have hit more than 34,000 unsecured MongoDB databases over the past week. Developers running Elasticsearch servers are being warned to conceal them from the web to avoid being targeted by […]
Can Technology Solve India’s Biggest Problem? India’s government is giving a unique ID to each of its 1.2 billion citizens, creating the world’s largest biometric data set. But some are questioning Prime Minister Narendra Modi’s decision to use technology to solve the country’s most critical problems: poverty and corruption. Photo: Karan Deep Singh/The Wall Street Journal By Gabriele Parussini Jan 13, 2017 12:56 pm IST 0 COMMENTS […]
The debate over what yield on the 10Y spells the end of the 30 year bond bull market, and would spillover into selling among other asset classes, is heating up. Earlier this week, in his monthly annual letter Bill Gross wrote that 2.6% is the only level for the market that matters: “This is my only forecast for the 10-year in 2017. If 2.60% is broken on […]
Abu Dhabi, U.A.E., 13 January 2017 Lawmakers from around the world are meeting today in Abu Dhabi to discuss the policies needed to support the transformation of the global energy system. Held the day before the opening of the seventh Assembly of the International Renewable Energy Agency (IRENA), the 2017 Legislators Forum, “Renewable Energy – the Role of Legislators in Catalyzing Action”, is the second meeting of […]
By Jamie McGeever | LONDON LONDON European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will […]
Takata, the Japanese automotive supplier at the centre of a global recall crisis over its exploding airbags, is expected to plead guilty as early as Friday to criminal wrongdoing in the US, as the Obama administration targets the global auto industry with a final burst of fines over environmental and safety issues. Takata is expected to agree to a criminal settlement with the Department of Justice on […]
Below the street, in their dressing rooms, the Housewives breathed through the tension. They had lived their reality on camera and watched the results. They had heard their Housewife colleagues talk about their behavior in on-air interviews. And they had built within themselves a caldron of anger, resentment and oh, yeah?s to what they had seen. So as not to dilute their fury, so as not to […]
After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key question: will they actually deliver all the promised cuts? A group of companies believe that they are positioned to deliver that answer, trumpeting their years of experience tracking global oil flows, using everything from modern satellite technology […]
A long-term national strategy needs to be formulated by the United States government, along with consulting the private sector, to facilitate the advancement of the Internet of Things (IoT), and minimise chances of privacy and security-related harm, the US Department of Commerce has said in a report on Thursday. The Fostering the Advancement of the Internet of Things report said the government can facilitate the IoT by […]
Today’s Leadership Models Fail To Address Responsive And Responsible Leadership The World Economic Forum kicks off January 17th to 20th in Davos-Klosters, Switzerland. As the global theme for the annual meeting, responsive and responsible leadership begins a lofty conversation about the qualities required to bring generations together, create inclusiveness in growth opportunities, and to bridge cultural and economic divides. With the global system challenged by a confluence […]
In this Thursday, Nov. 5, 2015, file photo, 2015 Jeep Grand Cherokees appear on display at a Fiat Chrysler dealership in Doral, Fla. On Thursday, Jan. 12, 2017, the U.S. government alleged that Fiat Chrysler Automobiles failed to disclose that software in some of its pickups and SUVs with diesel engines allows them to emit more pollution than allowed under the Clean Air Act. The Environmental Protection […]
Photo About 10,000 Palestinians took to the streets in the Jabaliya refugee center on Thursday. Credit Khalil Hamra/Associated Press JABALIYA, Gaza Strip — The nearly two million residents of Gaza have been suffering through a cold winter of crippling power cuts, receiving electricity for only three or four hours a day. The popular anger over the cuts erupted on Thursday in a large protest. In a rare […]
Friday 04:50 GMT Overview Asian stocks were mixed in the wake of a retreat by US stocks and the dollar as investors continued to assess the fallout from Donald Trump’s combative press conference on Wednesday. What to watch Shares in Nintendo were down 2 per cent after the company announced details about its new Switch video game console, including price and technical specifications. The device, a hybrid […]
SACRAMENTO, Calif. Several months of wet weather have dramatically eased California’s years-long drought, replenishing reservoirs and parched aquifers and forcing state water officials to switch – at least temporarily – from managing shortages to avoiding floods. With rain continuing to fall following a deluge that brought 20 inches (50 cm) of precipitation to some areas this week, the snowpack in the Sierra Nevada mountains – crucial for […]
