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BAGHDAD (Reuters) - Two car bombs and a suicide bomber killed at least 35 people in Baghdad and in a city to the west, and wounded more than 100 in Tuesday attacks targeting the late-night crowds typical of the Muslim holy month of Ramadan, security sources said.
CARACAS/NEW YORK (Reuters/IFR) - Goldman Sachs Group Inc`s statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought 2.8 billion of bonds for pennies on the dollar was dismissed by the country`s opposition on Tuesday as an effort to "put lipstick on this pig."

stefan krause

Faraday Future, the startup vying to put its electric vehicles on the road in the next two years, has a new plan.

The company was founded in 2014 and has faced money troubles, supplier lawsuits, and high-profile executive departures ever since. Earlier this year executives told Business Insider that it`s in shambles, lacking funding and leadership.

A much-touted plant in Nevada still hasn`t emerged from the ground, and the unveiling of its new vehicle earlier this year was seen as a public relations disaster. Now, as Faraday tries to turn things around, it is hoping to raise more than 1 billion from new investors.

"We are talking to investors, pre-marketing, providing information. We’ve had a lot of due-diligence done in Gardena," said Stefan Krause, the new chief financial officer Faraday brought on in March. Gardena is Faraday`s headquarters in the South Bay region of Los Angeles. "Within the process it’s going quite well. I’m quite satisfied." The funds, Krause says, would let Faraday deploy a two-year plan with five major goals:

  • Start construction on its North Las Vegas, Nevada, factory.
  • Continue development on its first vehicle, the FF91.
  • Engineer and design its sister brand, the LeSEE.
  • Support the development of a factory in China.
  • Prepare its sales infrastructure in the US.

Faraday Future FF91

Krause says he`s mostly pitching private individuals. The company has been notoriously secretive about its funding sources. Up until now, it`s only publicly known investor was Jia Yueting, the CEO of Chinese tech giant, LeEco — which itself is struggling financially.

Jia, who goes by YT, acknowledged LeEco`s financial woes last fall and in the first half of 2017, LeEco saw its US workforce shrink dramatically. The company, known in some circles as the "Netflix of China," recently unloaded some property in Silicon Valley amid the cash crunch.

Jia YuetingThe connection is not lost on Krause, who told Business Insider that despite LeEco`s financial turmoil, Faraday Future is still expected to receive funding from YT while Faraday rounds up new investors.

YT, who stepped down as CEO from the publicly traded, Beijing-based Leshi Internet Information and Technology last week, is also divesting from a number of startups in which he has a stake, to help round up more cash.

"The initial funds will come from YT, through his own divestments of some of his companies," Krause said. "So, that is money we are expecting in July and we will expect the funds from the first tranche of 500 million as we go into the third quarter," he said.

Asked how many investors Faraday would need to reach 1 billion, he said, "We need around 10 to 15, but I cannot exclude that there might be a Chinese investor coming with a larger amount of money."

Faraday’s spokespeople later emphasized it could receive a larger cash infusion from any of its potential investors.

Krause also suggested that the company has caught the attention of a "significant" automaker that could acquire a stake in the company, but declined to elaborate on what that means.

For his part, Krause said he is confident in Faraday Future`s prospects and emphasized in an earlier conversation with Business Insider the company`s efforts to get its financial affairs in the order for the long haul. Audits of the company`s books have been completed for 2014 and 2015, and an audit of 2016`s books is underway.

There are still plenty of unknowns. Faraday needs to secure that much-needed investor cash, keep paying its bills, and overcome negative public perceptions that have tarnished its name since the company first emerged from stealth mode in January 2016.

That says nothing of actually getting down to the work of building a car that it can sell.

SEE ALSO: Here`s everything we know so far about Faraday Future`s FF91 electric, self-driving car

Join the conversation about this story »

NOW WATCH: SCOTT GALLOWAY: Stop blaming Amazon for killing retail

Kathy Griffin

The provocative comedian Kathy Griffin has raised eyebrows again, this time for a photo of her holding a decapitated and bloody head that looks like Donald Trump`s.

TMZ leaked the photo, reporting that Griffin posed for the photo with photographer Tyler Shields. The outlet also posted video of the shoot.

The photo quickly became trending online, and Griffin is catching quite a lot of heat on social media.

Kathy Griffin is the embodiment of the average American liberal A psychotic lunatic who has more in common with ISIS than with the U.S. pic.twitter.com/5zlBwRv245

— Mark Dice (@MarkDice) May 30, 2017

 

I hope people realize the new precedent Kathy Griffin has set, this is madness. Call CNN advertisers & everyone shes affiliated with ASAP. pic.twitter.com/BKlhnbkgZh

— Irma Hinojosa (@irmahinojosa_) May 30, 2017

 

Kathy Griffin is the new face of the Democratic party and the newest member of ISIS. The Secret Service should investigate immediately. pic.twitter.com/KKD2Aibume

— Steve Hirsch (@Stevenwhirsch99) May 30, 2017

Representatives for Kathy Griffin and Tyler Shields did not immediately respond to Business Insider`s request for comment.

 

SEE ALSO: `Wonder Woman` is one of the best superhero movies ever made

Join the conversation about this story »

NOW WATCH: Here`s everything we know from the season 7 trailer for `Game of Thrones`

Travis Kalanick Anthony Levandowski

Uber has fired Anthony Levandowski, the former head of its self-driving-car program, over his refusal to cooperate in its legal battle against Waymo.

Uber`s firing of Levandowski, on Friday, was first reported Tuesday by The New York Times. Business Insider confirmed it with the company.

Uber had been asking Levandowski for months to assist with its internal investigation for its defense against Waymo`s charges, according to an Uber representative. Levandowski, however, invoked his Fifth Amendment right to protect himself against self-incrimination, and he hired criminal attorneys to represent him.

Uber fired Levandowski after he didn`t meet the company`s deadline for complying with its request, the representative said. Eric Meyhofer, who has been running Uber`s Advanced Technologies Group since Levandowski was demoted in April, will continue to oversee Uber`s self-driving-car development.

Despite not being named in the lawsuit, Levandowski`s actions have been at the center of the legal battle between Uber and Waymo, the self-driving-car operation under Google`s parent company, Alphabet. Waymo has accused Levandowski of downloading 14,000 files before he left Google and then using that information to jump-start Uber`s self-driving-car program.

Earlier in May, Judge William Alsup formally barred Levandowski from all lidar-related work at Uber. As part of his preliminary injunction, Alsup set a May 31 deadline for Uber to return the missing files.

The judge also ordered the company to hand over by the end of June a detailed log of "conferences, meetings, phone calls, one-on-one conversations, texts, emails, letters, memos, and voicemails — wherein Anthony Levandowski mentioned lidar to any officer, director, employee, agent, supplier, or consultant of defendants."

In response to Alsup`s order, Uber wrote a letter to Levandowski on May 15 issuing a series of demands and threatening to fire him if he didn`t comply. Included in those demands were turning over his personal devices and issuing a written statement denying he ever took files from Google — or, if he did take them, to turn them over to Uber`s attorneys.

In Levandowski`s termination letter, obtained by The Washington Post, Uber wrote that it "requested your full cooperation" but "as of today, you have not complied with these requirements."

Uber in April sent Levandowski another list of demands in a letter, which hasn`t been made public. Levandowski did not comply with those requests either.

"Your failure impeded Uber`s internal investigation and defense of the lawsuit referenced above and constitutes a ground for termination for cause," Uber`s general counsel, Salle Yoo, wrote in his termination letter.

SEE ALSO: The real fight between Uber and Google over what `may be the most lucrative business in history` is starting

Join the conversation about this story »

NOW WATCH: We took a ride in Uber’s new self-driving car on the streets of San Francisco — here`s what it was like

A prototype of the Tesla Model 3 is on display in front of the factory during a media tour of the Tesla Gigafactory which will produce batteries for the electric carmaker in Sparks, Nevada, U.S. July 26, 2016.  REUTERS/James Glover II

Morgan Stanley`s "Global Autos & Shared Mobility" team of analysts published a research note on Tuesday highlighting numerous aspects of its overall thesis on the transformation of transportation.

They covered a lot of ground, but let`s focus on what`s actually its most radical prediction. 

According to lead analyst Adam Jonas and his team, Morgan Stanley is "bullish on EV penetration and universally cautious on the long-term viability of the 100-year-old internal combustion engine (ICE) ecosystem, which we believe is in its last generation," adding that "[w]e expect EVs to account for 50-60% of global light vehicle sales by 2040."

To put that prediction in context, global EV sales now account for about 1% of sales.

A key enabler is autonomous and shared mobility, as well as the arrival of an entirely new business model that stressed miles driven over units sold (basically, we go from a car or two in every driveway, used almost none of the time, to a massive fleet of self-driving electric taxis, driven almost all of the time). 

This puts the entire traditional auto industry at a massive disadvantage and presumably favors the fortunes of new players, especially tech-industry titans. (The analysts go so far as to declare that Apple is developing a car, and that the vehicle won`t be powered by gas.)

Good for gas

Believe it or not, this scenario isn`t a catastrophe for the oil and gas-refining business. According to Morgan Stanley, "Gas demand grows until early 2030s as miles traveled accelerates faster than EV penetration," and "[b]y 2040, gas relevance is extended and demand remains little changed from today`s levels."

oil

Nevertheless, the overarching thesis is that individual auto ownership is ending, along with the dominance of the gas-powered engine.

Here`s a reality check on all that. True, ride-hailing services such as Uber and Lyft have in a short period created a new storyline connected to Silicon Valley. The sharing economy, through services such as Airbnb, suggest that people are aware that idle vehicles are an greatly underutilized asset. 

But it`s far from clear that this story embodies a wholesale shift in consumer behavior. People continue to own stuff. And people continue to not use everything they own in the most economically advantageous manner.

Even more telling is the non-growth of the EV market, at the same time the internal-combustion market has boomed. Almost 34 million vehicles have been sold over the past two years in the US alone — and nearly all them run on gas.

Electric cars, meanwhile, have failed to launch. Tesla sales are a drop in the bucket, and it`s the most successful electric carmaker around. Numerous EVs have been on sale for close to a decade now, supported by state and federal government incentives, and the results have been disappointing. 

Chevrolet Bolt 6

That basic fact is largely what`s propelling the "shared" versus "owned" debate. Consumers have had abundant opportunity to own EVs, but they`ve chosen not to. So for EVs to flourish, they need to not be individually owned. They need to be either shared or concentrated in large fleets, where they can overcome some of their charging issues (even a Tesla vehicle requires almost an hour to fully recharge at the fastest level, whereas any gas-powered car can be refueled in under five minutes).

Cue the major narrative shift: it won`t be electric cars on their own that displace gas cars, or we`d already see more significant signs of that; rather, it will be networked EVs that do the displacing. 

Punctuated equilibrium

The advance of EVs, jerky and halting, is a good example in the industrial world of what the paleontologists Niles Eldredge and Stephen Jay Gould called "punctuated equilibrium." What has happened is that EVs have gone through stages of rapid "evolution," followed by static periods. 

The most recent boost took place from about 2007-2011, when Tesla began to gain traction and a bunch of EV startups emerged. Many traditional automakers also began developing all-electric cars at this time, as well. 

The startups died off, for the most part, and the traditional carmakers have seen limited demand. Tesla has more or less thrived, but it`s also been selling high-priced luxury vehicles.

This has led to the uncomfortable realization that Tesla could survive, and that the traditional automakers can continue to tinker with their own EV designs, but the market won`t be transformed. In fact, it could require a few more EV cycles before Morgan Stanley`s outlook comes to pass — meaning that 50%-plus EV penetration won`t arrive until well past the midpoint of the century. 

gas prices gas station

What`s important to keep in mind here is that gasoline is easyOnce the oil is refined, it`s easy to store, easy to transport, and easy to distribute. Fueling infrastructure is widespread, while electric-charging infrastructure isn`t. A full tank of gas, for a hybrid gas-electric vehicle, costs about 20 and can be obtained almost everywhere, very quickly, providing another 400 miles of range. 

EVs are much better then they used to be, but they aren`t even close to that.

Tesla`s soon-to-launch Model 3 will be a test of Morgan Stanley`s thesis; there are around 400,000 pre-orders, and if everyone buys a car, that small fleet will provide ample insight into whether EVs are really a compelling alternative to gas cars.

I don`t think the Model 3 will move the needle as much as expected. Ultimately, what the pre-orders prove is that there`s a lot of people who want to buy into the Tesla brand but can`t, given the 100,000 average sticker price of the existing lineup.

The traditional auto industry has decided that it isn`t worth it to sell those folks an EV, because all they really want is a Tesla. And the auto industry is betting that Tesla demand isn`t infinite. 

If that bet pays off, then it will be a long, long time before the gas engine is wiped out.

SEE ALSO: The Alfa Romeo Giulia Quadrifoglio is a 505-horsepower Italian challenge to everything BMW holds dear

Join the conversation about this story »

NOW WATCH: An electric car just set a record on the infamous Nürburgring track

PARIS (Reuters) - Former French Prime Minister Edouard Balladur has been placed under formal investigation over allegations that possible kickbacks may have helped finance his 1995 presidential election campaign, a judicial source said on Tuesday.
BRASILIA (Reuters) - Brazilian President Michel Temer must respond within 24 hours to federal police questions about his alleged involvement in a sprawling political graft probe, a Supreme Court judge ruled on Tuesday, a source with direct knowledge of the investigation told Reuters.

Wonder Woman

The long-anticipated "Wonder Woman" hits theaters this weekend, and the reviews are in. The great news: It`s better than "Batman v Superman: Dawn of Justice." Like, a lot better.

Many critics are saying that "Wonder Woman" (starring Gal Gadot and directed by Patty Jenkins) is not only one of the best superhero origin stories ever, but it`s also one of the best superhero movies ever.

The action is amazing, Gadot is amazing, Chris Pine and his blue eyes are charming, and Jenkins has made a watchable (and re-watchable) superhero movie that gives us hope for more satisfying installments in the so-called DC Extended Universe. "Wonder Woman" proves that women can direct action and lead a successful superhero movie.

We rounded up what the critics are saying below: 

SEE ALSO: `Wonder Woman` is one of the best superhero movies ever made

It`s reminiscent of classic action movies, like "Superman" and "Indiana Jones."

“It gives us the kind of hero a lot of us fell in love with back in those 12-cent days of truth, justice, and the American way — and the kind of movie we haven`t seen since Christopher Reeve first flew into our lives.” —Newark Star-Ledger

"‘Wonder Woman’ feels like the real deal, a rollicking action adventure in the tradition of ‘Indiana Jones,’ with a fully functioning sense of humor and the year’s most lip-smackingly evil baddie." —Time Out London



It`s smart and satisfying, in a way that none of the other DCEU movies have been.

“Wonder Woman is smart, slick, and satisfying in all of the ways superhero films ought to be.” —Entertainment Weekly



The film`s action is great — and the stakes are heightened in the World War I setting.

“The film`s action is explosive and engaging, and a sequence where Diana ventures into no man`s land in the middle of a trench battle is stunning to behold.” —USA Today

"`Wonder Woman`s`  WWI setting also provides a landscape that is ripe for action, since the war’s level of carnage was due to the advancement of weapon technology (while militaries continued to use traditional tactics and strategies)." —ScreenRant



See the rest of the story at Business Insider

Unbelievably, there`s no Netflix-like service for video games on the Xbox One. On June 1, that changes with the introduction of Xbox Game Pass for the Xbox One.

Xbox Game Pass

The concept is simple: Pay a monthly fee for unlimited access to a library of content.

The service costs 10 per month, and offers unlimited access to a library of over 100 games. You can download as many games as you want, play them for as long as you want, and new games are added monthly.

Xbox Game Pass is slightly different from a Netflix-type service in that the games aren`t streamed over an internet connection — they`re downloaded, meaning you can play them online or offline. The service lights up on June 1, and there`s a 14-day free trial available to anyone with an Xbox One.

But with over 100 games, you might be wondering where to start. We`ve got some ideas below!

SEE ALSO: There`s a simple, frustrating reason you can`t play Xbox games with PlayStation owners online

1. "Spelunky"

"Spelunky" is simple to understand, impossible to master, and troublingly addictive. You`re an explorer in a 2D environment, fighting spiders and skeletons and aliens, on a quest to reach a door that will lead to the next level.

More enemies, more treasures, and always a different adventure — "Spelunky" is a "procedurally-generated" game, which is a complicated way of saying the levels are different every time you play the game. They`ll always look the same, but the way they`re laid out is unique on each playthrough. It`s just one of the many aspects in "Spelunky" that make it such a delight. 



2. "Halo 5: Guardians"

"Halo 5: Guardians" isn`t as revelatory as the original "Halo" and its sequel were, but it`s certainly the best-looking, best-playing "Halo" game ever made. It`s a more fully-realized universe than ever, with vegetation and animals and ancient structures and all sorts of other pretty stuff to gawk at. Better still, the multiplayer is still thriving with players — which is good, because it`s the finest multiplayer the series has ever had.



3. "Sunset Overdrive"

"Sunset Overdrive" is a ridiculous game. It can`t be overstated — much of its aesthetic resembles a Monster energy drink commercial crossed with a Good Charlotte music video, which is entirely intentional. Don`t let that dissuade you: "Sunset Overdrive" is a fantastic game that`s like nothing else on the Xbox One. It`s a third-person action game with a focus on high-speed movement — think "Tony Hawk Pro Skater" meets "Gears of War." It puts a premium on fun over all else that makes it a standout here.



See the rest of the story at Business Insider
OSLO (Reuters) - World leaders don`t generally troll each other, but the prime ministers of the five Nordic countries are giving it a shot.
UNITED NATIONS (Reuters) - The United States and China are negotiating when they should push for further United Nations Security Council action on North Korea and could reach a decision this week, U.S. Ambassador to the United Nations Nikki Haley said on Tuesday.

Travis Kalanick Anthony Levandowski

Uber has fired Anthony Levandowski, the former head of its self-driving car program, over his refusal to cooperate in its legal battle against Waymo.

Uber move, which it made on Friday, was first reported Tuesday by the New York Times. Business Insider confirmed Levandowski`s firing with the company. 

Uber had been asking Levandowski for months to assist with its internal investigation for its defense against Waymo`s charges, according to a company spokesperson. Levandowski, however, has pleaded the Fifth Amendment to protect himself against self-incrimination and hired his own criminal attorneys to represent him. 

Uber fired Levandowski after he didn`t meet the company`s deadline for complying with its request, the spokesperson said. Eric Meyhofer, who has been running Uber`s Advanced Technologies Group since Levandowski was demoted in April, will continue to oversee Uber`s self-driving car development.

Despite not being named in the lawsuit, Levandowski`s actions have been at the center of the legal battle between Uber and Waymo, the self-driving car operation from Google parent company Alphabet. Waymo has accused Levandowski of downloading 14,000 files before he left Google and then using that information to jump-start Uber`s self-driving car program. 

Earlier in May, Judge William Alsup formally blocked Levandowski from all Lidar-related work at Uber. As part of his preliminary injunction, Alsup set a May 31 deadline for Uber to return the missing files.

The judge also ordered the company to hand over, by the end of June, a detailed log of "conferences, meetings, phone calls, one-on-one conversations, texts, emails, letters, memos, and voicemails — wherein Anthony Levandowski mentioned LiDAR to any officer, director, employee, agent, supplier, or consultant of defendants."

In response to Alsup`s order, Uber wrote a letter to Levandowski on May 15, issuing a series of demands and threatening to fire him if he didn`t comply. Included in those demands were turning over his personal devices and issuing a written statement denying he ever took files from Google — or if he had actually taken them, to turn them over to Uber`s lawyers. 

In Levandowski`s termination letter, first obtained by the Washington Post, Uber wrote that it "requested your full cooperation" but "as of today, you have not complied with these requirements."

Uber had sent Levandowski in April a letter with an previous list of demands, which hasn`t been made public. Levandowski did not comply with that request either.

"Your failure impeded Uber`s internal investigation and defense of the lawsuit referenced above and constitutes a ground for termination for Cause," Uber`s general counsel Salle Yoo wrote in his dismissal.

SEE ALSO: The real fight between Uber and Google over what `may be the most lucrative business in history` is starting

Join the conversation about this story »

NOW WATCH: We took a ride in Uber’s new self-driving car on the streets of San Francisco — here`s what it was like

BMW Motorrad Concept Link

BMW just unveiled a new addition for its Vision Next 100 concept line that explores how driving will evolve in the next century.

The newest vehicle is an all-electric scooter called the BMW Motorrad Concept Link. The scooter made its debut at the Concorso d`Eleganza Villa d`Este, an Italian motor festival.

Scroll down for a closer look at the brand new concept:

SEE ALSO: BMW just unveiled a stunning motorcycle concept that comes with augmented reality glasses

BMW`s latest scooter concept features a "low-slung design": a flat seat with a stretched body. That`s because BMW installed the bike`s energy packs along the underfloor.



Here you can see the bike`s electric drive, which is placed on the rear wheel. BMW did not reveal specs for the scooter, like range or horsepower.



The scooter comes with two screens. The black touchscreen between the handle bars shows navigation, battery information, and speed. But secondary information is displayed on the larger touchscreen below the handle bars, like music.



See the rest of the story at Business Insider
ROME (Reuters) - Former Prime Minister Matteo Renzi said on Tuesday that Italy`s largest parties agree on the need for a proportional representation electoral system and that a law to adapt it should be enacted in the first week of July.
MEXICO CITY (Reuters) - Five Mexican police officers were shot dead on Tuesday in an ambush in the State of Mexico, where elections at the weekend will serve as an early referendum on the ruling party ahead of a 2018 presidential vote.

Ali Fedotowsky

Ali Fedotowsky walked away from Facebook when she opted to be ABC`s Bachelorette.

Robert Cezar Matei missed his chance to join early Facebook, Square and Instagram teams.

It`s impossible to know which startup is going to become the next billion dollar success story, and the risk of letting a golden opportunity slip through your fingers is something that tech workers grapple with every day.

While some who turn down lucrative offers still achieve success — Instagram`s Kevin Systrom is a prime example — others may come to live in regret.

Here are how some Silicon Valley techies missed opportunities to make millions at companies like Facebook and Instagram:

SEE ALSO: Here`s where Google`s first 21 employees are now

Instagram wanted Amanda Wixted to be its first hire but she was cozy at Zynga.

First, we should note that Wixted is plenty successful. She joined Zynga as an early employee and stayed through its IPO. But she probably could have made even more millions if she had left for Instagram when it came calling in 2010.

Wixted writes about her missed opportunity on Quora:

In June 2010, Mike and Kevin were just getting started on their mobile web app which they called Burbn.  I was a lead engineer on the mobile team at Zynga at the time.  Mike contacted me about coming on board as their first hire.  We met, and they showed me their ideas for where they were thinking of heading with Burbn: a photo-sharing mobile app.

... It was a great team fit, but I just couldn`t get excited about a photo-sharing app.  I felt, and I still feel, that I need to be working on more complicated things, so I`ve stayed in the games space...Of course, I`m kicking myself now.  Hindsight is 20/20 and all.

Now, Wixted is the founder of Meteor Grove Software and serves as CTO for e-learning company Homer. 

 



Ali Fedotowsky left Facebook to become the lead on ABC`s "The Bachelorette." Sadly, she and the guy she picked didn`t work out.

In 2009, Ali Fedotowsky faced a dilemma: She was a contestant on "The Bachelor" dating pilot Jake Palveka. In a tearful goodbye, she left Palveka to return to her job at Facebook. Fedotowsky had run out of vacation days while filming the show and didn`t want to miss out on millions.

But when ABC offered to make her its Bachelorette, Fedotowsky left her sales rep gig at Facebook. Two years after her March 2010 departure, Facebook had a massive IPO that turned many of its employees into millionaires.

Fedotowsky`s engagement to contestant Roberto Martinez ended shortly after the show aired and while Facebook didn`t re-hire her, she went on to be a host on NBC`s "1st Look." Now, Fedotowsky is married to TV and radio host Kevin Manno and writes a blog called Ali Luvs.



Julian Targowski was offered a role at Instagram in 2011 but walked away to launch his own app.

Julian Targowski was offered a role at Instagram in October 2011 but walked away to launch his own app.

He says he wasn`t even interested in the offer because he was loyal to his own team.

"I don`t regret a thing," he says on Quora. "You realize a lot of things about yourself (how content you are with your current situation, how hard you`re working, where you want to be in the next few years, etc) when things like this happen."

Targowski went on to work at a startup called DailyBooth, which was acquired by Airbnb in 2012. 



See the rest of the story at Business Insider

Atlanta Airport TSA checkpoint

The long-running saga of whether or not the Department of Homeland Security will expand its laptop ban to include non-stop flights from Europe drags on. 

On Tuesday, Politico reported that DHS has declined to implement an expanded laptop ban.

However, DHS spokesman David Lapan told Business Insider in an email that the "story is absolutely wrong".

In a statement to Business Insider, the DHS wrote:

"While a much-discussed expansion of the ban on large electronic devices in the cabin on flights to the United States was not announced today, the Secretary made it clear that an expansion is still on the table. Secretary Kelly affirmed he will implement any and all measures necessary to secure commercial aircraft flying to the United States – including prohibiting large electronic devices from the passenger cabin – if the intelligence and threat level warrant it."

The Politico report contradicts Homeland Security Secretary John Kelly who said on Fox News over the weekend that the ban "might" happen. 

"There`s a real threat — numerous threats against aviation. That`s really the thing that they are obsessed with, the terrorists, the idea of knocking down an airplane in flight, particularly if it`s a U.S. carrier, particularly if it`s full of mostly U.S. folks," Secretary Kelly said on Fox News Sunday.

This follows an announcement by Lapan on Friday in which he stated that there`s no imminent change to the agency`s existing ban on large electronics.

In March, the DHS implement a ban on all electronics larger than a cell phone for non-stop flights to the US originating from 10 airports in the Middle East and North Africa. 

"Evaluated intelligence indicates that terrorist groups continue to target commercial aviation and are aggressively pursuing innovative methods to undertake their attacks, to include smuggling explosive devices in various consumer items," a senior administration official said in March. 

In total, the existing ban affects roughly 50 flights a day operated by nine airlines. However, an expanded ban on flights from Europe would affect as many as 400 non-stop flights from 49 airports operated by 53 airlines. 

SEE ALSO: Here`s how much room you get on each of America`s airlines

Join the conversation about this story »

NOW WATCH: Here`s why some plane seats don`t line up with the windows

Atlanta Airport TSA checkpoint

Whether or not the Department of Homeland Security will expand its laptop ban to include non-stop flights from Europe drags on. 

On Tuesday, Politico reported that DHS has declined to implement an expanded laptop ban.

However, DHS spokesman David Lapan told Business Insider in an email that the "story is absolutely wrong" and that the agency will be issuing a statement in response to the article. 

The Politico report contradicts Homeland Security Secretary John Kelly who said on Fox News over the weekend that the ban "might" happen. 

"There`s a real threat — numerous threats against aviation. That`s really the thing that they are obsessed with, the terrorists, the idea of knocking down an airplane in flight, particularly if it`s a U.S. carrier, particularly if it`s full of mostly U.S. folks," Secretary Kelly said on Fox News Sunday.

This follows an announcement by Lapan on Friday in which he stated that there`s no imminent change to the agency`s existing ban on large electronics.

In March, the DHS implement a ban on all electronics larger than a cell phone for non-stop flights to the US originating from 10 airports in the Middle East and North Africa. 

"Evaluated intelligence indicates that terrorist groups continue to target commercial aviation and are aggressively pursuing innovative methods to undertake their attacks, to include smuggling explosive devices in various consumer items," a senior administration official said in March. 

In total, the existing ban affects roughly 50 flights a day operated by nine airlines. However, an expanded ban on flights from Europe would affect as many as 400 non-stop flights from 49 airports operated by 53 airlines. 

SEE ALSO: Here`s how much room you get on each of America`s airlines

Join the conversation about this story »

NOW WATCH: Here`s why some plane seats don`t line up with the windows

Nutella is an incredibly delicious "Hazelnut Spread," but even though it contains nuts, it`s not exactly the most wholesome snack. More than half of the jar is straight up sugar. 

We initially learned about Nutella`s ingredients from this viral chart. We reached out to Ferrero, the company that makes Nutella, to confirm. Here was its full, official response:

"We don’t disclose the full proportions of the ingredients in Nutella as our recipe is unique and we wish to safeguard this. The product’s label provides simple and clear nutritional information per 15g portion, or one heaped teaspoon, as well as per 100g.  The ingredients are also listed on the Nutella website."

"One of Ferrero’s core nutritional beliefs is that small portion sizes help people to enjoy their favourite foods in moderation. The labeling on our products enables consumers to make informed choices and helps ensure that Nutella can be enjoyed as part of a balanced and varied diet."

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DUBAI (Reuters) - Oman is mediating between Yemeni President Abd-Rabbu Mansour Hadi`s government and its Houthi opponents over a U.N. plan to resume peace talks in the war-torn country, a Yemeni government official said on Tuesday.
RIYADH (Reuters) - A Bahraini court again denied bail to a leading Bahraini human rights activist on Tuesday and delayed his trial on charges of spreading false news, a pro-opposition rights group reported.

amplifi meshpoint covers home in wifi

Shortly after Business Insider wrote about a new technology that can reveal people and objects in 3D through walls using Wi-Fi, we received a call from the US government.

The call was from Brett Scharringhausen, a technology scout with the Central Command, also known as CENTCOM. The group oversees US military operations for the Department of Defense in 20 countries located throughout the Middle East, northern Africa, and parts of Asia.

Scharringhausen was looking for more information on the Wi-Fi holography technology, possibly in hopes of capitalizing on it for the armed forces. (We pointed Scharringhausen to a publicly available study in Physical Review Letters.)

"I go out looking for new technologies [most days] of the year that could support men and women in uniform," Scharringhausen told Business Insider.

However, Scharringhausen says the CIA, police, FBI, and others "would all like to look through walls", and that the most promising technologies get shared far beyond the walls of CENTCOM.

"If we find something useful, we socialize it with them," he says — with "them" being his bosses, the armed forces (the Army, Navy, Air Force, Marines, and Coast Guard), and ultimately the Department of Homeland Security, the Department of State, CIA, FBI, NSA, and other relevant federal agencies.

If multiple wings of the government have a need for a certain technology, the thinking goes, Scharringhausen says it`s easier to achieve "economies of scale" in manufacturing, avoid redundancies, get it into the hands of troops and law enforcement officials more rapidly, and save taxpayer dollars.

wifi holography antenna take pictures through walls holl reinhard prl 1It`s not hard to imagine why CENTCOM or other government military and security agencies would want a technology that could photograph people through walls in 3D. In hostage situations, covert military operations, police stakeouts, and other dangerous scenarios, for instance, such images could mean the difference between life and death, or a criminal who is captured and one who gets away.

To be clear, the specific see-through-walls WiFi technology that CENTCOM asked us about, which can only see the rough shapes of objects (not details such as faces), may not ever be used by the government.

For one, the ability to make on-the-fly holograms of people and objects through walls is still in its infancy, so it may take many years and possibly millions of dollars to develop into a practical technology.

Second, anything that a technology scout considers must pass several high bars, including avoiding redundancies with other devices or techniques. If it doesn`t entirely replace a legacy device or system while improving it, "it is called additive and that is almost certain to fail" funding consideration, Scharringhausen told Business Insider in an email.

However, technology scouts are also supposed "[s]eek out game-changing technologies which our customer(s) don`t know they need," on 10- or even 20-year timelines, according to an unclassified presentation provided by Scharringhausen. He says these out-there projects can receive funding, even if they`re unlikely to work now, because they might be useful later.

"Sometimes it`s not a failure if it can`t do what it`s supposed to do. Sometimes it`s a physics problem. Sometimes the science hasn`t caught up yet," he says.

Philipp Holl, a 23-year-old undergraduate physics student at the Technical University of Munich who led the new technology`s development, told Business Insider via email that he hasn`t yet "had any contact with someone from the US Central Command".

For more details on Holl`s holographic Wi-Fi technology, read our full story here.

You can also watch the video below, which shows how it works.

SEE ALSO: Lights, windows, and solar panels may soon get you on the internet with `Li-Fi`

DON`T MISS: This see-through wood is cooler and stronger than glass

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NOW WATCH: In the 1970s the CIA created a spy drone the size of a dragonfly

uber new york josh mohrer

Josh Mohrer built Uber in New York City from the time when it was a black car service to the ride-hailing giant it is today.

But on Tuesday, the controversial yet steadfast manager announced he was leaving Uber after five years to join Tusk Ventures — the NYC firm that helped Uber lobby to stay in the city. 

In his place, three-year Uber veteran Sarfraz Maredia will be overseeing the company`s operations in New York, New Jersey, Pennsylvania, and Connecticut, an Uber spokesperson said. The company declined to comment on Mohrer`s departure.

Mohrer`s role in one of Uber`s largest markets was a crucial one. During his tenure, the company launched UberX, brought taxis into the app, launched UberRush, and expanded the service from Manhattan to the Hamptons, Jersey Shore, and Connecticut, as he noted in a farewell post on Medium. 

"I give my Uber ride “5-stars” and am so grateful for the opportunity Travis gave me to join the team and change the world," Mohrer wrote. "Getting to know and work closely with Travis has been the highlight of my career so far.

Uber Josh MohrerDespite his successful run, Mohrer also courted controversy during his time at Uber. Earlier in May, the company divulged it had been underpaying its New York drivers for years and owed them tens of millions dollars in back pay. 

Mohrer also used Uber`s "God View" tool in 2014 to track a BuzzFeed journalist while awaiting her arrival. His actions resulted in an investigation by the New York Attorney General into Uber`s privacy policies, which the company settled in July 2016.

And Mohrer was at the center of "Operation Slog", a scheme in which Uber`s New York team called and canceled rides from competitors to hinder their business. In an article published Tuesday, Mohrer told TechCrunch Slog was a "mistake" that he regrets.

Mohrer will now be taking the skills he honed fighting New York`s attempts to limit Uber to Tusk Ventures, a strategy firm that`s worked with Uber since its early days. Tusk Ventures advises startups on their regulatory challenges in exchange for equity in those companies. 

"Tusk Ventures invests time and capital helping startups thrive in heavily regulated markets," Mohrer wrote. "They are working with some of the most innovative companies and already experiencing incredible results. Like Uber, some of the most exciting opportunities in tech are in industries where laws never considered the impact of having networked supercomputers in our pockets." 

SEE ALSO: Uber is paying its NYC drivers `tens of millions` because of an accounting error that underpaid them for years

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NOW WATCH: Watch this Uber driver go through 236 consecutive green lights in NYC without stopping

LONDON (Reuters) - British Prime Minister Theresa May`s ability to deliver a landslide majority in the June 8 election was in doubt on Tuesday after two more opinion polls showed the vote could be much tighter than previously thought.

In the 1920s, the US government started delivering mail by plane. But planes could only travel during the day. Delivering a letter from coast to coast required a plane and then a train that would travel at night.  So the government created the highway of lights, a system of light beacons and large arrows that guided pilots.

1,550 beacons stretched across 18,000 miles. Maintaining this system of giant concrete arrows cost 28 million a year (adjusted for inflation). Before the highway of light it took 83 hours to get a letter across the US. After the system was put into place it took just 33 hours.

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IGNITION

Save 1,000 through June 5


Here`s your last chance to lock in the lowest rates for your seat at Business Insider’s IGNITION: Future of Media this November 29-30 in New York City.

After many requests for an extension following the holiday in the US, we are offering the extra-early-bird rates for an extra week, through Monday, June 5.

We have an exciting speaker lineup in the works, which we`ll be releasing in the coming months. Our agenda focuses on the future of media, and we`re going to tackle the latest developments in marketing, advertising, TV, publishing, international, startups, and all the tech behind those industries.

In the past, we`ve welcomed brilliant leaders on our stage, including Elon Musk, Sheryl Sandberg, Jeff Bezos, Mark Cuban, Arianna Huffington, Carolyn Everson, Travis Kalanick, James Murdoch, and Jim Cramer.

Before we start announcing the speakers for IGNITION 2017, we want to make sure you don’t miss any of the action and give you the opportunity do so at the lowest price by extending the extra-early-bird deadline one week.

Extra-early-bird deadline extended through June 5

The pre-speaker rate saves you 1,000 and guarantees you a seat at an event that can take your business and career to new heights.

Join us at IGNITION!

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NOW WATCH: Jeff Bezos Explains What Happened To The Fire Phone

house of cards neve cambell politics

Neve Campbell shot down speculation that the fifth season of Netflix`s "House of Cards" borrowed from actual events surrounding the 2016 presidential election and Donald Trump`s administration.

"Every season seems to have something that is true to life or true to some event that’s happening in the real world. The show has not gone out and actually tried to tear stories from the newspapers," Campbell told Business Insider on Friday.

There are certainly aspects of the show, which returns on Tuesday, that do echo some themes from the presidential election.

For example, an angry crowd chants "not my president" outside the White House. That was also a popular chant for Trump protesters after he won the presidential election with Electoral College votes but did not win the popular vote. But Campbell calls those kinds of similarities between the show and reality "accidental."

"They set out their characters and the plots and the arcs this season way before anything really got crazy," she said. "And I don’t think it would’ve made any sense to suddenly veer off the path of the season just because of things that are happening in the real world."

On season five, Campbell returns as political strategist Leann Harvey. Though she actually works for Claire Underwood (Robin Wright), the First Lady is the running mate to her husband, President Frank Underwood (Kevin Spacey). And that means Leann not only works for Frank, but it`s also in her nature to impress him. That puts her in direct conflict with the president`s chief of staff, Doug Stamper (Micheal Kelly).

house of cards netflix neve campbell michael kelly"Leann has come into the White House and into the world, and I think she likes the smell of power," Campbell said. "She could go either way. She does have a commitment to Claire, but also being true to the president is important to her because she cares about her position."

The new season finds Frank engaged in very corrupt plots to swing the election in his favor, a storyline that could be seen as playing off the current federal investigation into the Trump campaign and possible collusion with the Russian government to influence the 2016 presidential election.

"It just so happens that things did happen that mirror reality, but almost accidentally," said the actress, who catapulted to fame after starring in the 1990s show "Party of Five," the "Scream" movie franchise, and the provocative "Wild Things" opposite Kevin Bacon and Matt Dillon.

Campbell does say that the show faces the "challenge" of viewers feeling some fatigue surrounding politics who may not want to watch a political drama at the moment. But she thinks the show`s fans will show up.

"These are characters that everybody loves to hate," she told us. "These are storylines that people have been following for four years already. People have a real thirst for more of it. And in the end, what’s great about this show is if you’re watching for Machiavellian characters, you’re watching it on your couch with a glass of wine. And when you turn it off, nothing bad happens. So there’s a difference between watching the show and tuning into CNN and witnessing what’s happening in the real world."

SEE ALSO: Netflix just released a creepy new trailer for `House of Cards` season 5

DON`T MISS: Neve Campbell explains why she took a break from Hollywood: `I got tired of the game`

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NOW WATCH: Netflix and Marvel just dropped the first `The Defenders` trailer — and it looks amazing

Bill Simmons

There is one very good reason why The Ringer is ditching Medium for Vox Media. Traffic to the Bill Simmons-founded site has been anemic and slipping since it launched about a year ago.

According to comScore, the sports and pop culture-oriented site reached just 357,000 unique visitors in April. That`s down from roughly 1.2 million unique visitors in July of 2016 just after the site went live. In February, traffic had dipped to just 316,000 visitors.

The Ringer will soon begun publishing using Vox`s technology platform. And Vox will sell ads for The Ringer, with the two companies sharing the revenue, the Wall Street Journal reported. 

As part of that partnership, it`s a good bet that Vox will use its network of sites to send more people to The Ringer.com. An obvious place to promote the Ringer would be SB Nation, Vox`s network of sports properties. Vox`s technology and team should help The Ringer improve how its content gets discovered by search engines and shared via social media.

The Ringer currently has 90,000-plus Facebook fans and 304,000 Twitter followers.

On the ad sales front, besides benefiting from Vox`s ad sales clout, it`s possible that The Ringer could end up as part of ad packages sold by Vox partner NBCUniversal as part of the two companies ad partnership, known as "Concert" (NBCU was not part of today`s announcement).

The Ringer was launched as something of a successor to ESPN`s former highbrow sports content venture Grantland, which was also founded by longtime ESPN columnist Simmons. It was one of the first high profile publications lauched on Medium. But early this year Medium shifted its model away from advertising, and founder Ev Williams has spoken out about the web being "broken."

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NOW WATCH: SCOTT GALLOWAY: WeWork is arguably the most overvalued company in the world

BERLIN (Reuters) - U.S. President Donald Trump called Germany`s trade and spending policies "very bad" on Tuesday, intensifying a row between the longtime allies and immediately earning himself the moniker "destroyer of Western values" from a leading German politician.
UNITED NATIONS (Reuters) - A quarter of Yemen`s people are on the brink of famine, parents are marrying off young daughters so someone else can care for them and cholera cases are escalating, U.N. officials warned on Tuesday as they work to avert a Saudi-led attack on a key port.
LONDON (Reuters) - Labour`s Jeremy Corbyn, the man running to oust Theresa May as British prime minister, was unable to say how much his plans to reform childcare would cost as he launched the policy on Tuesday, attracting strong criticism from rivals.
NEW DELHI (Reuters) - India has rejected an Australian request to take part in joint naval exercises with the United States and Japan for fear of antagonizing China, which has warned against expanding the drills, navy officials and diplomats said.

shutterstock_624049757 (1)

Eating healthy is only half the battle.

Perhaps you`ve swapped your pancake and sausage breakfast for avocado toast, gone cold turkey on M&Ms, and even added salad to your meal repertoire.

But if you haven`t started paying attention to what you`re drinking, you may not have really made a dent.

Sweetened beverages like soda and juice can make up a surprising portion of the calories you consume each day, yet they don`t fill you up the same way solid food does.

Those are some of the reasons that Cara Anselmo, a nutritionist and outpatient dietitian at New York`s Memorial Sloan-Kettering Cancer Center, advises her clients who are trying to lose weight to stop drinking beverages with calories.

"If you drink 500 calories of liquid versus eating 500 calories of food you’re going to feel much less satiated, which is one of the reasons soda and sweetened drinks are such horrible things. You don’t get a sense of fullness," Anselmo tells Business Insider.

Researchers from Harvard University and Children`s Hospital in Boston tested this idea in an 8-year study that included nearly 50,000 women.

pomegranate juiceWhen compared to participants who slashed their intake of sweetened drinks like soda or fruit punch, those who started drinking more sugary beverages gained weight and increased their risk of developing type 2 diabetes. The more their sweet drink intake increased, the more weight they gained and the more their disease risk went up.

This is partially because the calories we get from sugary beverages don`t fill us up, as several short-term studies exploring people`s appetite and eating behavior after drinking sweetened beverages have suggested. In fact, they may do the opposite.

"When drinking fluid calories, people often end up eating more calories overall," Richard Mattes, a professor of nutrition at Purdue University tells Live Science.

The key takeaway: If you`re trying to lose weight, you can start by reducing your intake of sugary drinks like juice, soda, and fruit punch. Instead, wash down your meals with water.

SEE ALSO: Our obsession with calories can be traced back 100 years — and it hides a much bigger problem

DON`T MISS: Juice is the biggest con of your life, whether it`s squeezed by hand or a 400 machine

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NOW WATCH: The scientific breakthrough that enabled physicists to solve the puzzle of infinity

Why do Boeing 747s have that hump in the front?

Turns out, it`s been around since the `60s. Back then, everyone was excited for supersonic commercial flight. 

Sadly, that never panned out. However, that excitement got Boeing to thinking: its 747 might not be ideal for commercial flight if supersonic planes ruled the skies.

So, instead of designing the 747 solely for passengers, Boeing also designed the plane for cargo. But it needed an easy way to load large cargo into the plane. 

That`s where that iconic hump comes in.

Engineers decided to turn the front of the plane into a giant door. The nose would open up, making it easy to load tall cargo. But there was just one problem: the cockpit was located over the nose. 

So, it was moved to the second deck, creating that giant hump you still see today.

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PARIS (Reuters) - Russian President Vladimir Putin dismissed on Tuesday any suggestion that Syrian President Bashar al-Assad`s forces were behind a chemical attack that killed scores of people in Idlib province in April.
SKOPJE (Reuters) - Macedonian Prime Minister Zoran Zaev vowed on Tuesday to step up economic reforms and pledged to speed up the country`s bid to join the European Union and NATO, as he presented the program of his new cabinet in parliament.

Rolls Royce Sweptail

At roughly 3 million, the Bugatti Chiron is one of the most expensive production cars to ever reach showrooms. So, the words "affordable" and "Bugatti" rarely, if ever, occupy real estate in the same sentence. However, that`s exactly what happened over the weekend.

On Saturday, Rolls-Royce unveiled a one-off custom build called the Sweptail. At a reported price of nearly 13 million, it is believed to be the most expensive new car ever commissioned, the Telegraph reported.

While it may not be quite as pricey as the most expensive car of all-time — a 38 million Ferrari 250 GTO — the Rolls is still the price of four brand new Bugatti Chirons.

For Rolls-Royce, the Sweptail represents a return to prominence of the brand`s time-honored coach-building business.

Rolls Royce Sweptail"Sweptail is the automotive equivalent of Haute Couture," Rolls-Royce Motor Cars director of design, Giles Taylor said in a statement. "It is a Rolls-Royce designed and hand-tailored to fit a specific customer."

And it`s the result of four years of work.

According to Rolls, an individual customer approached the company in 2013 and ask them to build a one-of-a-kind motor car inspired by the luxury yachts of the 1920s and 30s.

Rolls Royce SweptaillThe Sweptail`s signature feature is a single-piece glass roof that tapers into the car`s fastback rear end. It`s a design feature that dominates the car`s overall silhouette.

Rolls-Royce has not released technical specs of the car. However, the Sweptail is believed to be based on the current generation Phantom platform, which means some version of the company`s 6.75 liter, V12 is lurking under the car`s long bonnet. 

Rolls Royce Sweptail

SEE ALSO: Here`s what it`s like to take a 400,000 Rolls-Royce Dawn convertible on a road trip through New Jersey

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NOW WATCH: This Rolls-Royce Ghost comes with 100K worth of goodies

LinkedIn NYC office speakeasy

At top companies, hard work is key. You`re not going to be able to land and retain a role at the most well-known companies unless you`re really willing to put in your hours.

But that doesn`t mean that workers at high-profile companies never take breaks. And that`s a good thing. Taking breaks at work is pretty crucial for long-term success.

That`s why, when Business Insider tours different offices, we`re never surprised to see pretty interesting spaces for workers to chill when they need some time to recharge.

Here are some of the cool places employees at top companies can hang:

SEE ALSO: A look inside Kickstarter`s Brooklyn office, where employees enjoy perks like a secret rooftop garden, coffee on tap, and plenty of dogs

DON`T MISS: A look inside Facebook`s New York office, where employees of the 280 billion company enjoy virtual reality games and an in-house pastry chef

In-office bars aren`t unusual. At Yelp`s Manhattan office, there are of kegs on tap to help the team kick back and relax — and throw office happy hours.



Or, for a different vibe, they can hop on this office swing.

See the full Yelp office tour »



Uber`s Manhattan office has its own ping-pong room. Apparently, tournaments can get pretty competitive here.

 



See the rest of the story at Business Insider
TULA, Russia (Reuters) - When aides to Russian opposition politician Alexei Navalny tried 28 venues to book a campaign meeting, the answer from all 28 was no. For a contender who apparently has no chance of winning the presidency next year, someone seems determined to block his way.
(Reuters) - Dozens of migrants were rescued at the weekend after jumping from a rubber dinghy that had burst into flames as they tried to get to Spain across the Mediterranean Sea.

Breathing fire

If you can`t beat `em, join `em.

That`s been the logic employed by tech stock bears who have thrown in the towel on short positions over the last year. And the buying volume that results from what`s commonly referred to as a "short squeeze" has been a crucial driver of tech gains during the period.

What`s more, active managers have actually slightly decreased exposure to the so-called FANG stocks (Facebook, Amazon, Netflix, Google) that have recently gotten the lion`s share of credit for stock gains not just in tech, but also the entire stock market.

That makes the role of short covering as a driver of share appreciation even more notable, according to strategists at Bank of America Merrill Lynch.

The heavily-weighted FANG group has returned almost 30% so far this year, while the S&P 500 has climbed 8%. Just last week investors poured 1.8 billion into the largest exchange-traded fund tracking the tech sector, the biggest inflow in almost seven years.

The covering of bearish positions can be seen when looking at short interest as a percentage of float for FANG stocks, plus Adobe and Broadcom, which have been identified by BAML as showing similarly robust sales expansion and long-term growth potential. The group — called FAAANG — has seen its level of shorts decline as positions have been closed.

FANG short interest

While short covering has clearly been instrumental, no discussion of tech strength is complete without a mention of the sector`s torrid earnings growth. The group boasts the best profit expansion in the S&P 500 at the moment, excluding energy, and is projected to see earnings increase by 19% for the full-year 2017, while the broader benchmark is expected to see ex-energy growth of just 9.2%, according to data compiled by Bloomberg.

Still, amid all this talk of FANG & Co. and earnings growth, not all tech stocks are so loved by investors. Companies like IBM, Xerox and Yahoo are now more underweight by fund managers than at any point since 2008, according to holdings data compiled by BAML.

SEE ALSO: Investors are pouring billions into the hottest part of the stock market

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NOW WATCH: `Really?`: A reporter calls out Huckabee`s claim that `countless` FBI employees were happy with Comey`s firing

"Wonder Woman" is the fourth installment in DC`s Extended Universe, and the first female superhero movie since Jennifer Garner starred in "Elektra" in 2006. Director Patty Jenkins explains what the biggest challenge she faced was in bringing the hero to life on the big screen.

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Following is a transcript of the video: 

Longevity of focus, I think, is the hardest part. You know it`s to have a vision and then try to hold that vision and not have it change.

The hardest part was literally getting it to the start line and a commitment to make it happen even though you know it was a low burn over a long period of time. But you know longevity of focus is I think the hardest part. You know it’s to have a vision and then try to hold that vision and not have it change when a million elements around it change every day. So what a shot turned out like or what the thing turned out like or how the story changes subtly it’s like still trying to hold to the center.

I put it on myself before anybody else even had to because I am also a fan, I also appreciate the genre and it`s a once of a lifetime chance for her to have her first movie. So I care a lot about making the greatest thing I can anyway. This is — there’s an added layer of responsibility. I did feel I was a perfectly good person to be the one to try and so from there I just gave everything that I had to trying to never drop the ball and make sure it really lived up to everything that I could. So, you know, it was pressure I could deal with and it actually was an amazingly fun experience because I love my cast and I love the story we are telling and we laughed all day long but it doesn’t mean I never stopped waking up everyday and saying like, "Anything I can do —I`ll do to make this better."

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Jay Z

Jay Z`s music streaming service Tidal has lost another CEO — the third CEO to leave the company since Jay Z acquired it in January 2015.

Billboard reported on May 26 that Tidal CEO Jeff Toig had left the company, and that Tidal plans to name a new CEO in the coming weeks.

A company losing a CEO is never a good sign. But a company losing three CEOs in just over two years is a particularly bad sign.

The list of departed Tidal executives shows the upheaval that the company has gone through since its January 2015 acquisition.

So, what`s going to happen to Tidal? There are two routes the company can go down:

Scale back expenses and operate as a niche streaming service

It costs money to compete with Apple and Spotify, and Tidal can`t fight a losing battle forever.

And yes, Tidal is losing. The most recent paying subscriber number we have for Tidal is just 3 million (although it was reported that internal numbers show 1.2 million subscribers.) Contrast that with Apple`s 20 million subscribers, and Spotify`s 50 million, and it`s clear that Tidal is barely moving the needle.

Data released by the BPI (British Phonographic Institute) earlier this month showed that Tidal has managed to gain just 0.1% penetration in the UK in 2016, a tiny amount compared to Spotify`s 11.6% (although Apple Music is on 2.5%.)

UK streaming services BPI

This could be sustainable if Tidal had a giant cash pile and low overheads, but it doesn`t. Its losses doubled to 28 million (£21.7 million) in 2015, double what it lost before Jay Z bought the company. 

It`s worth pointing out, though, that Tidal`s losses aren`t as big as rival SoundCloud. SoundCloud`s 2015 accounts show that it lost €51.22 million (£44 million) in 2015.

Tidal has the option of scaling back its overheads, potentially cutting staff, and operating as a lean and niche music streaming service. That`s what it did for years before being acquired by Jay Z, after all.

Sell to another company

But maybe Jay Z doesn`t want to scale back his ambitions. Maybe he`s bored of Tidal altogether. He did forget he owns the company in a court case, after all.

Apple doesn`t need Tidal. It already bought its own relatively niche music streaming service, Beats, and turned that into Apple Music. Apple Music dealmaker Jimmy Iovine also shut down rumours of a Tidal acquisition in a September 2016 interview with BuzzFeed News. "We`re really running our own race," Iovine said. "We`re not looking to acquire any streaming services."

OK, so Apple won`t buy Tidal. How about Spotify, another European music streaming service? Well, that deal doesn`t look too likely, either. Spotify chairman Martin Lorentzon joked about Tidal during an on-stage interview in Stockholm in May 2015. "I`ve got 99 problems — and Jay Z ain`t one," he reportedly said.

But there are two companies that do make sense here: Samsung and SoftBank.

Jay Z was photographed leaving Samsung`s US head office in Silicon Valley in October 2015.

Jay-Z leaving Samsung corp. in Silicon Valley right now pic.twitter.com/AQAJWzL6lq

— Damian Trujillo (@newsdamian) October 15, 2015

Samsung shuttered its Milk music streaming service in August 2016, potentially leaving a gap in its business for Tidal.

There`s one small problem with this theory, though: Samsung previously denied a rumour that it`s planning to buy Tidal. But maybe it would change its tune if Tidal offered itself for a knockdown price.

How about SoftBank? The Japanese company already owns a third of Tidal through its carrier company Sprint. SoftBank has bought tech companies before: In 2016 it announced that it had paid £24 billion to acquire British chip designer ARM Holdings.

Join the conversation about this story »

NOW WATCH: I wear these computer glasses every day even though I have perfect vision — here`s why

Larry Page Sergey Brin

Google has an infamously difficult interviewing process. Over the years, it has ditched the brain teaser questions it once asked many candidates, but it`s still no walk in the park.

So if interviewing for a position with an ordinary Google manager is difficult, what is it like interviewing with Google`s founders, Larry Page and Sergey Brin?

Tim Armstrong, who is CEO of AOL, knows.

Before joining AOL in 2009, Armstrong spent a decade at Google where he helped build its multi-billion-dollar-a-quarter ad business from scratch. He joined before the IPO, in the early 2000s.

Armstrong was first approached by Omid Kordestani, who was Google`s Chief Business Officer (Kordestani is now Twitter`s executive chairman). The two met at the Carlisle Hotel in New York City on a rainy Friday to discuss the possibility of Armstrong joining Google. They debated whether or not Google should enter the advertising business; Google was generating most of its (tiny) revenue by licensing software.

Armstrong had been an advertising salesman at Star Wave, a company created by Microsoft cofounder Paul Allen. He had another offer on the table, but he still met with Kordestani. He says they "hit it off right away."

The next step was to fly to California and interview with Google`s cofounders, Larry Page and Sergey Brin.

Armstrong told me about the experience during Business Insider`s podcast, "Success! How I Did It." The interviewing process sounded...unusual. 

Interview yourself while we watch

Tim Armstrong AOL CEO"They basically said at the beginning of the meeting, after a few questions, `We`re not really sure what to ask you. Ask yourself the questions. What questions would you ask yourself, if you were us?` Armstrong says.

"So I said, `Look, I`m very direct person, very honest. Here`s what I would ask, the following questions.` I thought that was interesting."

Armstrong later learned that this interaction wasn`t the result of Brin or Page being unprepared or lazy. Instead, it was a common tactic they used to help judge a candidate`s character. 

"I realized later, after working with them, that that was not an anomaly, that was one of their tactics," Armstrong said. It`s unclear if Brin and Page still use the same approach to screen people.

Despite the odd first meeting, Google`s founders left a lasting, positive impression on Armstrong.

"They were driven," Armstrong told Business Insider. "I think to this day, Larry and Sergey are obviously very smart, and very creative. They`re very competitive also, in a good way. I`d say they care a lot. At their size now and what they`re doing, I`m sure there`s a lot of feedback on them, how people feel about them. But they`re, at their heart, very good people. Both of them."

Listen to the interview with Tim Armstrong about his career, which is packed full of advice, here:

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BELGRADE (Reuters) - Serbia`s Prime Minister Aleksandar Vucic stepped down on Tuesday, a day before he assumes the country`s presidency which he won in a decisive election victory last month.
BEIRUT/AMMAN/BAGHDAD (Reuters) - Syrian rebels say the United States and its allies are sending them more arms to try to fend off a new push into the southeast by Iran-backed militias aiming to open an overland supply route between Iraq and Syria.
LONDON (Reuters) - British Prime Minister Theresa May`s lead fell to 12 percentage points in a poll published on Tuesday, the latest major survey since last week`s Manchester bombing showing the June 8 election could be closer than previously thought.
DUBAI/MOSCOW (Reuters) - Russia and Saudi Arabia praised their growing partnership in oil markets and dialogue on Syria on Tuesday, in a formidable departure from past hostilities between top global producers and major players in the Middle East.

Giza, March 2012. Credit: Bieke Depoorter/Magnum Photos

Egypt announced on Monday multiple decisions to alleviate the financial burden affecting the low and middle-income families from the economic reform program.

Egypt’s government approved to spend EGP 45 billion (US 2.48 billion) on increased pensions that will benefit around 100 million citizens, bonuses for public employees and increased subsidies, according to Minister of Social Solidarity Ghada Wali.

The inflation rate in Egypt has reached unprecedented levels after it had jumped in April to its highest rates in 30 years, recording 30.2 percent.

Prices in Egypt have soared after the Egyptian government had announced in November the liberation of its currency rate against all foreign currencies, resulting in the high rates of inflation.

The new budget that will be poured into the social aid program aims at helping citizens to counter the rise of cost of living, according to a statement released by the Ministry of Finance.

The flotation decision had an impact on nearly all the products, resulting in significant price hikes and high rates of inflation.

Minister of Finance Amr Al-Garhy expected earlier this month that rates of inflation will decrease by November and December 2017.

Monday’s decision was taken in line with the orders of President Abdel Fattah Al-Sisi to ward off the burden of high prices on low and middle-income people.

In 2016, Egypt started applying the Value Added Tax (VAT), and the subsidies of oil products were partially cut. It is expected that oil subsidies will further reduce in July.

 

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