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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 […]

Photo Basel Ghattas, an Arab member of Israel’s Parliament, in 2015. Mr. Ghattas was accused of smuggling cellphones to Palestinian prisoners. Credit Ahmad Gharabli/Agence France-Presse — Getty Images JERUSALEM — An Arab member of Israel’s Parliament was arrested on Thursday after being accused of smuggling cellphones to Palestinian prisoners, capping days of fractious debate that raised questions about the nature of loyalty and identity in a predominantly […]

By Lisa Maria Garza | DALLAS DALLAS A video showing a white Fort Worth police officer in an escalating argument with a black woman he took into custody along with the woman’s daughters touched off a social media storm on Thursday, stoking a debate on race and U.S. policing. The woman identified by relatives as Jacqueline Craig, 46, was put on the ground and the officer held […]

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 […]

Law Blog rounds up the morning’s legal news: VW buy-back: Volkswagen agreed to pay around $1 billion to repurchase or fix an additional batch of diesel-powered vehicles tainted with emissions-cheating software, resolving what had become a sticking point more than a year into Volkswagen’s diesel-emissions crisis. [WSJ] Unrevealing: A newly unsealed search-warrant application in the Clinton probe confirms the FBI found thousands of emails potentially linked to […]

By David Stanway | SHANGHAI SHANGHAI China has publicly named more than 20 enterprises it says broke environmental rules during this week’s outbreak of hazardous smog in the country’s north, its latest attempt to bring lawbreaking firms to account by shaming them. The Ministry of Environmental Protection (MEP) accused steel and paper mills, cement plants, power generators and chemical producers of a range of offences, including ignoring […]

A UCI professor and colleagues have created an online survey platform called the Moral Machine to learn what people think a self-driving car should prioritize in the event of a fatal accident – and it’s not necessarily the lives of its occupants. Credit: Thinkstock Despite dramatic reductions in accident-related fatalities, injuries and damages, as well as significant improvements in transportation efficiency and safety, consumers aren’t as excited […]

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Although students at Abu Dhabi’s Future Rehabilitation Centre achieve varying degrees of independence after they graduate, the ideal is to land a job. One such graduate to have achieved this is Eid Al Shamsi, a 21-year-old Emirati who is now working at the Ministry of Interior’s human rights department. When he was a boy, Mr Al Shamsi had initially been enrolled in a private school, where he […]

For Lindsay Lohan, adopting new roles and changing her image seems to have become as much a part of her personal life as it was in her acting career. Following well-documented struggles with addiction, turbulent relationships and a somewhat chequered history as an actress, the 30-year-old is embracing her latest real-life role. She has become a self-proclaimed humanitarian campaigner for Syria and Turkey, in addition to reportedly […]

BEIJING Chinese state media on Friday expressed alarm and warned of a “showdown with the U.S.” after President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line against China, to head a new White House National Trade Council. Navarro is an academic and one-time investment adviser who has authored books such as “Death by China: How America Lost its Manufacturing Base”. The book […]

Europe’s Airbus signed a firm contract on Thursday to sell 100 jets to IranAir, completing a return by Western plane giants and paving the way for deliveries to start next month, a year after sanctions against Iran were lifted. The deal took weeks of shuttling between Airbus headquarters in Toulouse, France, and Tehran, complicated by a shortage of expert legal advice as Iran completes its biggest commercial […]

In October 1977, a Memphis, Tennessee woman was raped in her home by two intruders.  The woman subsequently identified one of the perpetrators as her neighbor, 22 year old Lawrence McKinney.  One year later, McKinney was convicted on rape and burglary charges and sentenced to 115 years in prison. The only problem is that he didn’t do it.  After spending 31 years in prison, DNA evidence cleared […]

Constellation Research hopes you all have a great holiday season this year with friends and family. In the spirit of recognizing memorable achievements in the tech industry, we also want to use this occasion to announce the winners of Constellation’s first annual Enterprise Awards. The winners were selected through a combination of internal voting and heated debate among Constellation’s analyst team. Each category also includes a number […]

Mr. Trump, who last week nominated as ambassador to Israel a bankruptcy lawyer who heads a fund-raising effort for a West Bank settlement, made clear on Thursday that he would not wait for his inauguration to weigh in. In a statement, he said bluntly that the resolution should be vetoed. Continue reading the main story “As the United States has long maintained, peace between the Israelis and […]

Sales of a new Dubai real estate project, which will feature an amphitheatre and a gourmet market, will be launched in early 2017, it has been announced. T.ZED Architects have been appointed as the design leads for Canvas, KOA’s first mixed-use development which is scheduled to be completed by the end of next year. Canvas will include 70 apartments and will also feature a co-working space, a […]

22 December 2016 The Capital Market Authority Board has approved the final version of the Parallel Market Listing Rules after the draft was published on the CMA’s website. The Authority ensured in the final draft that it took into consideration all recommendations, observations and opinions, received from investors and specialists, the interested an related parties during the public consultation. These Rules will be effective and enter into force […]

As journalists grapple with the rise of fake news, it’s worth examining what happens when policymakers embrace misinformation instead of evidence when it comes to climate change. In September, YourNewsWire breathlessly told its readers that thousands of scientists had declared climate change “a hoax.” This was big news — at least on Facebook — where the YourNewsWire post was shared more than 550,000 times, making it the […]

Now that you have a new internet media streaming device, you’ll need something to watch on it. I cut the cord in 2009 and here are the best services I’ve found since then. Cord-cutting and video-streaming is replacing traditional cable and satellite TV. Jonathan Alcorn/Reuters/Corbis Before launching into it, though, you should know things are changing. Cord cutting is no longer remarkable, it’s normal. The media companies […]

After India took the radical step of voiding the majority of its currency overnight to cut corruption and the nation’s reliance on cash, other countries with similar problems have been watching closely. Venezuala already followed suit by taking nearly half its bank notes out of circulation and now some politicians in Pakistan, India’s rival and neighbor, want their country to do the same. The upper house of […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The economy, however, remains on solid footing as other data on Thursday showed new orders for capital goods rising last month amid demand for machinery, indicating […]

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 […]

Vladimir Putin and Donald Trump on Thursday called for the strengthening of their countries’ nuclear capabilities. Speaking at a meeting of defence chiefs in Moscow, Mr Putin said Russia needed to “strengthen the strategic nuclear forces, for that we should develop missiles capable of penetrating any current and prospective missile defence systems”, according to the Tass news agency. Mr Putin claimed Russia’s military was able to repel […]

If you pay attention to the narrative following every Apple product announcement, it’s loaded with disappointment and declarations that Apple has lost the innovative touch to create a “magical” experience consumers have come to expect from the company. Some of the complaints are warranted, such as those about the TouchBar on the new MacBook Pro. It’s useful, sure, but it’s nowhere near as profound as the Apple […]

We’ve seen the iPhone 7 and the Google Pixel, and yes, both devices are some of the best smartphones of 2016. They will likely still be some of the best throughout 2017. The thing is, one device is better than the other. In our mind, the better one is the iPhone 7. There are many reasons to love the Google Pixel. It has a good design, and […]

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