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Lebanon explosion 'destroys Hezbollah arms depot'

BBC News - World - Tue, 09/22/2020 - 17:25
Security sources say the blast in the village of Ain Qana was the result of an accident.
Categories: English

Dark web drugs raid leads to 179 arrests

BBC News - World - Tue, 09/22/2020 - 16:50
About 500kg of cocaine, heroin and other drugs have been seized as well as guns.
Categories: English

Covid: US death toll passes 200,000

BBC News - World - Tue, 09/22/2020 - 16:43
The US is the worst hit country in the world and cases are still continuing to rise, data shows.
Categories: English

Iranians break taboos with their version of #MeToo

Al Jazeera - Tue, 09/22/2020 - 16:04
Decades-old sexual trauma is being unearthed in a society that rarely discusses it, but can that bring about change?
Categories: English

US election explainer: The 'battleground' states to watch

Al Jazeera - Tue, 09/22/2020 - 15:58
Under the Electoral College system, a few states take on out-sized influence in US elections.
Categories: English

Palestinian factions Fatah and Hamas to hold talks in Ankara

Al Jazeera - Tue, 09/22/2020 - 15:57
The two rivals will discuss ending the internal division and holding general elections.
Categories: English

Palestine quits Arab League role in protest over Israel deals

Al Jazeera - Tue, 09/22/2020 - 15:51
Palestine was meant to chair Arab League meetings for next six months, but FM Riyad al-Maliki has declined the position.
Categories: English

Without Ruth Bader Ginsburg, US Supreme Court faces challenges

Al Jazeera - Tue, 09/22/2020 - 15:43
The normally nine-justice court now faces the possibility of 4-4 splits and potential for compromise among judges.
Categories: English

Mali military leader asks for end to ECOWAS economic sanctions

Al Jazeera - Tue, 09/22/2020 - 15:37
Restrictions by 15 African countries were imposed after Malian military officers removed President Keita.
Categories: English

At 'perilous turning point', UK enforces new COVID-19 measures

Al Jazeera - Tue, 09/22/2020 - 15:31
UK prime minister announces more physical distancing measures that could last for six months, but rejects full lockdown.
Categories: English

Explainer: Where do Arab states stand on normalising Israel ties?

Al Jazeera - Tue, 09/22/2020 - 15:22
A roundup of where other Arab countries stand after the UAE and Bahrain establish formal ties with Israel.
Categories: English

Iran says 'internal agents' may be responsible for Natanz blast

Al Jazeera - Tue, 09/22/2020 - 15:17
President Rouhani's administration hints at new possibility of sabotage at Iran's key nuclear facilities.
Categories: English

Turkey, Greece 'ready to resume' exploratory talks over East Med

Al Jazeera - Tue, 09/22/2020 - 14:58
Prospect of dialogue appears more likely after Turkish president holds call with Merkel and EU Council president.
Categories: English

Suarez accused of cheating Italian citizenship language exam

Al Jazeera - Tue, 09/22/2020 - 14:33
Footballer Luis Suarez, a Uruguay national, passed the exam despite his tutor allegedly saying 'he can't speak a word'.
Categories: English

Bogota: Clashes over police brutality continue in Colombia

Al Jazeera - Tue, 09/22/2020 - 14:31
Anger in Colombia as police kills a man for breaking coronavirus restrictions. Protesters say brutality is systemic.
Categories: English

Sergei Torop: Russian religious sect leader arrested over allegations of harm

BBC News - World - Tue, 09/22/2020 - 14:07
Sergei Torop, who has thousands of followers, is arrested over causing harm to them and money extortion.
Categories: English

Charlie Hebdo: French magazine's head of HR 'forced out of home'

BBC News - World - Tue, 09/22/2020 - 14:06
Marika Bret, who lost 12 colleagues in the 2015 attack, says her guards received "detailed threats".
Categories: English

Trump and Beijing both hinted at blocking the Oracle-TikTok deal amid huge confusion about who will own the app

Businessinsider - Tue, 09/22/2020 - 11:21
Donald Trump, left, and ByteDance founder Zhang Yiming.
  • President Trump threatened to withdraw his initial, informal approval of Oracle and Walmart's deal with TikTok on Monday.
  • Beijing, via state-owned press, also hinted that it would block the deal.
  • Each party is attempting to publicly spin the deal to their advantage, causing huge confusion over the final shape of the deal or even whether it will take place.
  • ByteDance said in a statement Monday it would retain 80% control of the company, but Oracle later said "ByteDance will have no ownership in TikTok Global."
  • Visit Business Insider's homepage for more stories.

President Trump and Beijing have both hinted they might block TikTok's financial tie-up with Oracle and Walmart, amid enormous confusion about the future ownership structure of the video app in the US.

On Monday, President Trump told Fox News that he won't approve the deal unless Oracle and Walmart have "total control" of the company.

He said: "They will have nothing to do with it, and if they do, we just won't make the deal ... It's going to be controlled, totally controlled by Oracle, and I guess they're going public and they're buying out the rest of it, they're buying out a lot, and if we find that they don't have total control then we're not going to approve the deal."

Confusingly, Trump then told reporters on Monday afternoon he'd given the deal a "preliminary okay" — but continued to cast doubt over whether the deal would pass.

Asked about a final decision, Trump said: "That's working its way through. I've given a preliminary okay. They will work — they're two great companies — Oracle and Walmart. Larry Ellison [Oracle's cofounder] is a — you know, a great genius at that kind of thing. The technology is incredible."

"And so if we can save it, we'll save it. And if we can't, we'll cut it off. But they have preliminary. We'll see what they can do," he added.

The president had also previously said on Saturday he had given the deal between TikTok and the two US giants his "blessing" and approved the deal "in concept." 

In their original statement about the deal issued on Saturday, Oracle and Walmart said that together they would acquire 20% of a new entity called TikTok Global, which they said would run TikTok in the US as well as most other countries where it operates.

ByteDance insists it will retain control of a newly formed TikTok entity after the Oracle deal

But TikTok's parent firm ByteDance put out its own contradictory statement.

The company put out a statement claiming to dispel "groundless rumors" about the deal, in which it said it would retain 80% control of the company after the Oracle-Walmart deal.

Separately it also denied a claim from Trump that a $5 billion fee from the deal would go to the US Treasury to help set up an education fund.

On Monday Oracle weighed in again, adding another layer of confusion.

"Upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global," said Oracle's Executive Vice President Ken Glueck in a statement.

Beijing has also weighed in, via the state-run press, and threatened to block the deal.

Hu Xijin, editor-in-chief of state-run media outlet the Global Times, tweeted on Monday: "Based on what I know, Beijing won't approve current agreement between ByteDance, TikTok's parent company, and Oracle, Walmart, because the agreement would endanger China's national security, interests and dignity."

In an official op-ed the Global Times characterized the proposed deal as "unfair" but qualified that by saying it was was "relatively more reasonable to ByteDance."

China also announced on Saturday a new "unreliable entity list" which it will use to sanction companies it says pose a national security threat.

Read the original article on Business Insider
Categories: English

Amazon was criticized for a racist 'Black Lives Don't Matter' cap listing

Businessinsider - Tue, 09/22/2020 - 11:21
  • Amazon has removed a racist cap with the slogan “Black Lives Don’t Matter” from its website after multiple complaints.
  • The third-party seller described the hat as a “nice present.”
  • Attorney Alexandra Wilson, from Essex, England, described the listing as “honestly embarrassing” for Amazon in a social media post. The group Black and Asian Lawyers For Justice called the cap "blatant fascist ideological propaganda."
  • An Amazon spokesperson said that sellers who don’t follow its guidelines “will be subject to action including potential removal of their account.”
  • Visit Business Insider's homepage for more stories.

Twitter users have slammed Amazon over a racist hat with the slogan "Black Lives Don't Matter" that was listed on its site.

The product was listed as "Black Lives Matter BLM Sport Baseball Hat," and its description did not quote the racist slogan — Twitter users suspect this may be how it bypassed Amazon's algorithms. 

The third-party seller, IMERIOi, said it would make a "nice present." They described the design as "unique and fashionable" and said the hat was "eye catching" and "elegant." The hat featured two crosses in place of the two letter T's in the word "matter."

Numerous people complained about the trucker hat, which was listed for £12.96 ($16.56), before Amazon removed it from the site.

Attorney Alexandra Wilson, from Essex, England, posted a screenshot of the hat on Twitter, saying that "THIS IS NOT OK." It was "embarrassing" that Amazon was selling it, she said.

Wilson posted the Tweet on Saturday, and by Monday the hat was no longer available on the site. The seller's page had also been taken down.

Dozens of other Twitter users expressed their shock, describing the cap as "racist garbage" and questioning how Amazon hadn't removed it sooner.

The group Black and Asian Lawyers For Justice called the hat "blatant fascist ideological propaganda."

Another Twitter user said that the sale of the hat "is causing deep upset and disgust to many people working towards racial justice and unity around the world."

Amazon needs 'better checks'

After Amazon removed the hat, Wilson told The Independent that Amazon needed "better checks in place for both their descriptions and photos because this isn't the first time something like this has happened."

In Amazon's "Offensive and Controversial Materials" policy, the e-commerce giant says it "does not allow products that promote, incite or glorify hatred, violence, racial, sexual, or religious intolerance, or promote organizations with such views." Amazon says that when sellers violate this policy, it will take actions including immediate suspension, destroying inventory in its fulfillment centers without reimbursement, and terminating its business relationship with the seller.

An Amazon spokesperson told Business Insider: "All sellers must follow our selling guidelines and those who do not will be subject to action including potential removal of their account. The product in question is no longer available."

In August, David Lammy, the UK shadow justice secretary, took to Twitter to question Amazon about a pair of boots that included racist language in the description.

Lammy said: "Just buying brown brogues tonight leads to this racist micro aggression. Is it 2020 or 1720? Please ⁦@amazon⁩ take it down."

Amazon removed the shoes within two hours but Lammy said that the item had been on sale since March, and questioned the e-commerce giant about its systems for blocking racist listings.

Last week, Amazon came under fire after a third-party seller listed T-shirts with the slogan "Let's Make Down Syndrome Extinct." Amazon removed the product after complaints and a petition that more than 25,000 people signed.

Read the original article on Business Insider
Categories: English

Headhunters to know — Goldman M&A shakeup — Gatekeepers for alt investments

Businessinsider - Tue, 09/22/2020 - 11:20
A man crosses a nearly deserted Nassau Street in front of the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 3, 2020.

Hi!

Monday was an absolute bloodbath off the back of reports of some suspect money flow that big banks helped facilitate. 

If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Also, check out a live conversation with our politics team in the lead up to the election. Listen in on Tuesday, September 29, at 1 p.m. ET.

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The folks to know if you want a job on Wall Street

Looking to work on Wall Street? These are the people to get to know

Alex Morrell, Reed Alexander, and Shayanne Gal created an interactive database of over 350 headhunters. Regardless of where you are in your career, this one is worth checking out.

From traders to portfolio managers to investment bankers, find out the people tasked with hiring for the roles you are most interested in. 

Click here to read the full story.

Meet the 9 gatekeepers of alternative investments at major wealth firms like UBS, Merrill Lynch, and Wells Fargo shaping how the wealthy are investing in red-hot private markets

Alternatives are becoming not so alternative. Lots of wealth managers are putting more resources towards non-traditional asset classes. Rebecca Ungarino profiled executives leading the charge at some of the biggest firms. Check out the whole list.

Read the full memo Goldman Sachs just sent announcing a leadership shakeup in its powerhouse M&A group A Goldman Sachs trader work on the floor of the New York Stock Exchange in New York, on Friday, October 29, 2010.

One of the top investment banks in the world is shaking up its M&A team. Reed Alexander has the full memo detailing Goldman Sachs announcing the new heads of its M&A group. Read the whole memo here.

Read the full pitch deck an NYC apartment-rental startup that's looking to disrupt brokers' fees used to raise $5.7 million from VCs and landlords

Pitch deck alert! Alex Nicoll has got one for a startup that helps manage the apartment leasing process. Read the whole deck here.

Odd lots:

Companies' New Back-to-Work Dilemma: Who Comes First? (WSJ)

Breaking News: Trevor Milton out at Nikola Motor (FreightWaves)

Bonds Tied to Hotels, Retail Properties Struggle to Recover (WSJ)

A former Starbucks barista shares 9 of the most annoying drink orders (Insider)

Read the original article on Business Insider
Categories: English