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Ugandan police detained two lawmakers, one of whom is also a pop star, at the country`s sole international airport, where supporters say they were trying to seek treatment abroad for injuries suffered while being tortured by the security forces.
Spanish Prime Minister Pedro Sanchez, on his first tour of Latin America since taking office in June, on Thursday offered any necessary support to push forward a peace deal between Colombia and ELN rebels.

jay clayton

  • The US Securities and Exchange Commission is mulling options to let retail investors in on private-company fundraising, the agency`s chief told the Wall Street Journal. 
  • Main Street investors are largely excluded from private fundraising for companies like SpaceX, Uber, and Airbnb because of regulations.

Facing a dwindling number of publicly traded companies, the US Securities and Exchange Commission is exploring ways to let retail investors get a stake in high-flying private companies, the agency`s head said in an interview with the Wall Street Journal published Thursday.

"The private markets are awash in capital these days. The question is, who is participating?” Jay Clayton, chairman of the US` top stock regulator, told the paper at an education event in Nashville.

Some of the world`s most valuable and talked about companies — the Ubers, Airbnbs, SpaceXs, and WeWorks — have raised hundreds of millions of dollars through private deals which result in valuations in the billions. But because many never, or have yet to, go public on a stock exchange, retail investors largely miss out on any opportunity to invest in them.

A 2018 McKinsey report found that 448 billion was raised in private US markets in 2017 — a 15% increase from the previous year. What`s more, 91% of limited partners they surveyed said private markets generated better returns than public assets.

The agency plans to release more specifics in what`s called a "concept release" in coming months, but says details are still fluid pending feedback from the public.

"I think you could move pretty quickly on this kind of thing," Clayton told the Journal.

Of course, many secretive private companies like their reticent statuses. Elon Musk sent shockwaves through financial markets earlier this month when the billionaire, who has long bemoaned the quarterly reporting and disclosure requirements of being public, mulled taking Tesla private.

Donald Trump also recently voiced his support for lessening the transparency burden put on public companies, tweeting that he would ask regulators to study the feasibility of six-month reporting in order to "allow greater flexibility & save money."

Currently, much private investment is limited to so-called accredited investors, which the SEC defines as those individuals with a net-worth of 1 million or a two-year trailing annual income of 200,000 (or 300,000 for couples.)

Read the full Wall Street Journal interview with Jay Clayton here.

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NOW WATCH: What`s going on with Elon Musk

project loon balloons

  • Loon, an Alphabet company that started as a Google project, is in preliminary talks with Uganda about providing 4G LTE internet service to the country`s rural areas.
  • The talks come a month after Loon reached an agreement to provide service to remote areas in Kenya. 
  • The talks indicate that there might be a market in Africa for Loon`s brand of balloon-borne WiFi service.

Loon, the Alphabet subsidiary that started as a Google project, is in preliminary talks with Uganda that could bring balloon-borne wifi service to some of the African nation`s rural areas, the company confirmed on Thursday. 

Loon, born out of what was the Google X skunkworks lab, uses balloons to carry cell-tower equipment into the stratosphere and beam 4G LTE-based internet service across broad swaths of land. The company was created to bring Internet service to people living in remote locations who otherwise couldn`t get it.

On Tuesday, news media in Uganda reported that a deal had already been struck and the Loon`s balloons would soon be floating over the the nation. Scott Coriell, a Loon spokesman, however, indicated that an agreement did not yet exist between the company and Uganda. 

“A team from Loon was in Uganda earlier this week meeting with officials to discuss how Loon works and our commitment to safety," Coriell said in a statement. "We are always in discussions with governments and mobile network operators about the benefits of Loon, but we have no additional announcements to make at this time.”

google io project loon

The news comes a month after an agreement between Loon and Kenya was announced. The talks with Uganda are another sign that there might be a market in Africa for Loon, which only recently became a standalone division within Alphabet.  

Judging from some of the statements made at a ceremony this week attended by representatives from numerous Ugandan government organizations as well as US officials, the country believes it is important to follow Kenya`s lead. 

According to news outlet Chimpreports.com, U.S. Ambassador to Uganda Deborah Malac told those gathered that "Bringing internet to rural areas in Uganda remains a big challenge. The presence of Project Loon here today is an important step towards connecting remote populations.” 

SEE ALSO: Kenya will reportedly use Alphabet`s cutting-edge balloon project to deliver internet access to rural areas

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NOW WATCH: This machine turns a truck into a tent in seconds - here`s how it`s installed

CAIRO - 30 August 2018: A number of US forces and equipment arrived at an Egyptian airbase in preparation for the joint military exercises "Bright Star 2018" due to be conducted from September 8 to 20.

The drills will take place at Mohamed Naguib Base in addition to maritime exercises in the Mediterranean Sea.

Land, naval and air forces from Egypt, US, Greece, Jordan, Britain, Saudi Arabia, UAE, Italy and France will take part in the drills.

Several countries, including Lebanon, Rwanda, Iraq, Pakistan, India, Kenya, Tanzania, Uganda, DR Cong, Chad, South Africa, Senegal and Canada, were invited to monitor the exercises.

The drills are meant to exchange expertise among participating forces, hone their skills, develop operations and training mechanisms in combating terrorism, in addition to joint planning and management of military operations and training to confronting maritime security threats.

The exercises also aim at promoting stability in the region.

The Bright Star falls within the framework of joint drills, which the Egyptian Armed Forces conduct to promote military relations with sisterly and friendly states.

The drills also highlight the depth of the military relations between Egypt and the US as well as the strategic partnership binding the two sides.
Egypt`s tourism minister said on Thursday authorities would test food and hygiene at a hotel where a British couple stayed before dying last week, and that a forensic team would complete their postmortem in the coming days.
U.S. stocks ended their four-day winning streak on Thursday as trade anxieties resurfaced and investors sold risk ahead of the long Labor Day holiday weekend.
The Taliban urged Afghan soldiers on Thursday to attack Dutch troops serving in the NATO-led Resolute Support mission in retaliation for a contest of cartoons depicting the Prophet Mohammad planned by far-right politician Geert Wilders.

IPHONE XS

  • Apple is hosting journalists and other media on its campus on September 12.
  • It`s likely to launch new iPhones and Apple Watch models then.
  • Notorious Apple blog 9to5Mac has published what it says are official Apple marketing images of the still unreleased and unconfirmed devices. 

Apple sent out invitations to an event on its campus on September 12, where it`s expected to release new iPhones and new Apple Watch models.

Notorious Apple blog 9to5Mac may have just spoiled the party.

On Thursday, it published what it says is an actual marketing photo for two new iPhone devices:

Exclusive: This is `iPhone XS` — design, larger version, and gold colors confirmed https://t.co/XfGJODq7Vm by @_inside pic.twitter.com/fOezPOMV8i

— 9to5Mac  (@9to5mac) August 30, 2018

9to5Mac reports that these phones will be called iPhone XS, and will come in gold.

It also published a photo of what it says is the new Apple Watch. Apple didn`t respond to a request for comment.

Apple Watch Series 4 leak image 

9to5Mac also spoiled a lot of Apple`s surprises last year, thanks to details found in a then-nonpublic version of Apple`s iOS software that was leaked on Reddit and directly to some Apple blogs. 

This year is expected to be an "S year," which fits with the purported leaked name "iPhone XS." This suggests any new iPhones are likely to be an evolution, rather than a revolution, from last year`s flagship iPhone X. Indeed, rumors have suggested Apple could launch three new phones with the iPhone X`s edge-to-edge screen design, complete with the infamous "notch" for the Face ID selfie camera.

The photo above says it depicts two of the devices. Apple is also expected to launch a third iPhone model that could have the same facial recognition sensor but a price closer to 700 than 1000 .

Other possible products that could be on deck for a grand reveal include an updated iPad Pro and the next version of AirPods.

More details are available on 9to5Mac

SEE ALSO: Apple sends out invitations for the new iPhone event on September 12

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NOW WATCH: This machine turns a truck into a tent in seconds - here`s how it`s installed

traders cboe options

  • Cboe, the exchange group behind the first market for bitcoin futures, is telling market makers that it is getting close to launching ether futures. 
  • The exchange is waiting on additional clarity from the CFTC, a person with knowledge of the situation said. 
  • The launch of ether futures would mark a significant step in ether`s maturation as it could open the door to wider trading in the crypto and possibly an ETF.
  • Track the price of ether in real-time, here.

Cboe Global Markets, the exchange behind the first market for bitcoin futures, is telling market makers that it is getting close to launching futures for ether, the second-largest cryptocurrency by market capitalization, people familiar with the situation told Business Insider. The product may launch by the end of 2018, one of the people said. 

Futures, which provide investors a way to bet on the future price of an asset, helped propel bitcoin to all-time highs at the end of December. Bitcoin future markets, which include Cboe and CME in the US, have been relatively muted since their launch in December. 

Still, the launch of ether futures would mark a significant step in ether`s maturation as it could open the door to wider trading in the crypto and possibly an ETF. 

"Cboe’s offering will enable crypto traders to take both long and short positions in ether, and it’s another step forward to a new accepted asset class," Danny Kim, head of growth at SFOX, a crypto trading technology firm. "With this, I think the new investment opportunity will take crypto out of the bearish market and reverse to a new bull."

Cboe would be basing its futures on Gemini`s underlying market, people familiar with the situation said. Cboe also based its bitcoin futures on the New York-based crypto exchange run by the Winklevoss twins.

The futures and options exchange is waiting on the Commodities Futures Trading Commission to get comfortable with the product before its official launch, a person with knowledge of the matter said. 

A Securities and Exchange Commission director in June notably said the agency didn`t view the trading of ether as violating securities law which could bode well for Cboe.  

Cboe president Chris Concannon has previously hinted at the launch of other products tied to crypto markets. 

Concannon said in December 2017 that a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature. 

"We started down this road in the form of an ETF," he said. "A healthy market is a healthy underlying market, derivatives markets, and an ETF. That will take time."

Meanwhile, rival CME Group`s CEO Terry Duffy has said ether futures won`t go live on his venue any time soon. 

"I will take a wait and see approach with Bitcoin for now," Duffy told Bloomberg in July. 

Bats Global Markets, which was acquired by Cboe earlier this year, attempted to list a bitcoin exchange-traded fund from the Winklevoss twins. That attempt was rejected by regulators twice. 

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NOW WATCH: An early bitcoin investor explains what most people get wrong about the cryptocurrency

Apple Watch Series 4 leak image

  • A new leaked image from 9to5 Mac shows what it says is the Apple Watch Series 4. 
  • The image shows a watch with an apparent edge-to-edge display, more advanced watch face, and some subtle design tweaks. 
  • Apple is expected to unveil a new Apple Watch — along with three new iPhones — at its event on September 12. 

A new leak may have just revealed the design of the rumored Apple Watch Series 4. 

9to5 Mac`s Zac Hall on Thursday posted an image of a gold Apple Watch that 9to5 Mac says is not a render, but the real thing. 

The image shows a watch with what appears to be an edge-to-edge display, and a new watch face with eight complications, or special functions. Another change is the digital crown, which seems to have a thin red circle to denote LTE instead of last year`s large red dot. 

It appears that previous Apple Watch bands will still fit the new watch. 

Take a look:

Exclusive: Apple Watch Series 4 revealed — massive display, dense watch face, more https://t.co/Fwg5kH6dEL by @apollozac pic.twitter.com/5yrKmsK3g8

— 9to5Mac  (@9to5mac) August 30, 2018

9to5 Mac also published an image of what it says are two new iPhones, both of which it claims Apple will call the iPhone XS.

Apple is expected to unveil a new Apple Watch, along with three new models of its flagship smartphone, at its event on September 12.

SEE ALSO: A major update to the Apple Watch might be coming later this year — here`s what we`re expecting

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NOW WATCH: Top 9 features coming to the iPhone in iOS 12

iphone X

  • Apple will unveil its new iPhone at an event on September 12.
  • Shares hit a record high following the news.
  • The tech giant is the first publicly traded US company with a market cap of more than 1 trillion.
  • Watch Apple trade in real-time here.

Apple shares hit a record high of 228.26 on Thursday after the tech giant announced it will unveil its new iPhone at an event next month in California. They have pared their gains and now trade up 1.65% at 226.67 apiece.

The smartphone maker has sent out invitations for its next-generation iPhone unveiling on September 12. This year, Apple is expected to launch three news smartphone models that are likely to sport the iPhone X`s edge-to-edge screen design, complete with the infamous "notch" for the Face ID selfie camera. The company could also reveal other products such as an updated iPad Pro and the next version of its AirPods.

Today`s gains came after the company confirmed Wednesday that it has bought a startup that focused on making lenses for smart glasses, suggesting the company is on its way to create a wearable device that would superimpose digital information on the real world, according to Reuters.

Earlier this month, the mega-cap tech giant became the first publicly traded US company with a market cap of more than 1 trillion after it delivered strong second-quarter earnings. Adjusted for splits, Apple shares have roared nearly 40,000% since going public in 1980, according to Bloomberg.

Shares of Apple are up 31% since the start of this year.

AAPL

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NOW WATCH: An early bitcoin investor explains what most people get wrong about the cryptocurrency

U.S. stocks ended their four-day winning streak on Thursday as investors sold risk ahead of the long holiday weekend.
Chile`s most senior cleric has apologized for the "tension" affecting the country`s Roman Catholic Church after five bishops resigned in a sexual abuse scandal that has prompted a major civil investigation.
Enraged villagers in a small town in central Mexico burned alive two men whom they confused with alleged child abductors, local authorities said on Thursday.

traders cboe options

  • Cboe, the exchange group behind the first market for bitcoin futures, is telling market makers that ether futures will soon be live. 
  • The exchange is waiting on additional clarity from the CFTC, a person with knowledge of the situation said. 
  • The launch of ether futures would mark a significant step in ether`s maturation as it could open the door to wider trading in the crypto and possibly an ETF.

Cboe Global Markets, the exchange behind the first market for bitcoin futures, is telling market makers it is close to rolling out futures for ether, the second-largest cryptocurrency by market capitalization, people familiar with the situation told Business Insider. The product may launch by the end of 2018, one of the people said. 

Futures, which provide investors a way to bet on the future price of an asset, helped propel bitcoin to all-time highs at the end of December. Bitcoin future markets, which include Cboe and CME in the US, have been relatively muted since their launch in December. 

Still, the launch of ether futures would mark a significant step in ether`s maturation as it could open the door to wider trading in the crypto and possibly an ETF. 

Cboe will be basing its futures on Gemini`s underlying market, people familiar with the situation said. Cboe also based its bitcoin futures on the New York-based crypto exchange run by the Winklevoss twins. The futures and options exchange is waiting on the Commodities Futures Trading Commission to get comfortable with the product before its official launch, a person with knowledge of the matter said. 

A Securities and Exchange Commission director in June notably said the agency didn`t view the trading of ether as violating securities law which could bode well for Cboe.  

Cboe president Chris Concannon has previously hinted at the launch of other products tied to crypto markets. 

Concannon said in December 2017 that a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature. 

"We started down this road in the form of an ETF," he said. "A healthy market is a healthy underlying market, derivatives markets, and an ETF. That will take time."

Meanwhile, rival CME Group`s CEO Terry Duffy has said ether futures won`t go live on his venue any time soon. 

"I will take a wait and see approach with Bitcoin for now," Duffy told Bloomberg in July. 

Bats Global Markets, which was acquired by Cboe earlier this year, attempted to list a bitcoin exchange-traded fund from the Winklevoss twins. That attempt was rejected by regulators twice. 

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NOW WATCH: Cigna`s CEO says that the problem with healthcare in America has nothing to do with employers

Evan Spiegel

  • Brands are paying teens to make AR ads on Snapchat for a fraction of what they originally used to cost.
  • Previously they had to shell out anywhere between 500,000 to 750,000 for an AR lens, while now, they can get one for as cheap as 2,000.
  • A big reason is Lens Studio, a design app that provides users with templates and guides for getting started on AR on Snapchat, which has made it possible for anyone to jump in.
  • For some brands, partnering with teens is not only cheaper, but also more authentic.

Until a few years ago, brands had to shell out anywhere between 500,000 to 750,000 for an augmented reality lens on Snapchat.

Now, they can pay teenagers to make them them for a fraction of the price.

That`s because instead of having to directly work with Snapchat — or getting their agencies to design AR lenses —brands such as Warner Bros Records, Deezer and Plato, have started enlisting teens to create these animated, computer-generated visuals.

When gaming app Plato was looking to engage a young audience around its game Werewolf, for example, it tapped influencer platform Fanbytes` Snapchat influencer network, and found 17 year-old Jocelle and 19 year-old Ken (the pair declined to provide their last names). The duo then created two AR lenses for the brand, which were further amplified across 25 other channels on Snapchat.

The lenses ended up getting over 2.3 million views and 3.1 million views respectively, even becoming the top trending community lenses on Snapchat when they were released. And the whole process, from development to distribution, cost Plato merely 50,000.

"It was not only cheaper, but it actually helped us reach the audience we wanted to reach... [that is] young millennials and Gen Z," Joe Wagner, director of growth and community at Plato. "There is nowhere else that we can do that."

Lens Studio has made it possible for anyone to create an AR lens

Screen Shot 2018 08 30 at 2.59.45 PMIt was not always possible for just about anybody to create an AR lens on Snapchat, until the platform rolled out Lens Studio, a design app that provides users with templates and guides for getting started on AR. The tool essentially opened up a market for anyone to create lenses.

From Snapchat`s perspective, Lens Studio makes both AR creation and distribution easier, positively impacting the engagement with lenses. More than a third of Snapchat`s daily audience, for instance, plays with lenses each day, spending over 3 minutes each on average per day. 

But from the creator point-of-view, it not only allows them to test their creative muscles, but also easily get their work out there. Creators can submit their lenses to Snap after creating them, and then nearly seamlessly start sharing them with anyone on Snapchat, thanks to Snapcodes and deeplinks — no matter the device they are on.

Since Snapchat launched Lens Studio in December 2017, creators have submitted over 100,000 unique lenses, according to the company, which have been viewed by Snapchat users over 3.5 billion times. One such creator is Lucille Thomas, a 17 year-old from London, who started dabbling in lenses earlier this year.

"For me, personally, starting to create lenses was a very natural progression," she told Business Insider. "I was already very active on Snapchat and knew Photoshop as well."

Snapchat, itself, is continuing to invest in its lens community. It works closely with a few dozen creators it calls "Official Lens Creators," comprising artists, designers, developers and students who create lenses, providing them tools and guidance to foster learning and development. The group is also promoted through its website and workshops, and may also receive early access to new Lens Studio templates and capabilities.

And companies like Fanbytes have started to capitalize on the trend

The one downside, however, is that while creators can easily create and distribute lenses, there is no way for them to officially monetize them — not yet at least. And that`s where companies like Fanbytes have started to come in as middlemen.

While the company initially started off helping brands such as Go Pro and Adidas run branded collaborations with social influencers on YouTube, Instagram and Vine (RIP), it has shifted its attention to Snapchat in recent years. Fanbytes owns and partners with a network of over 120 channels and 1,000 influencers, overseeing the creation, distribution and analytics for such partnerships, including AR lenses.

Fanbytes has looked to tap into Snap trends early, hoping for a payoff. For example @makeuptutorials, which it bought from a 13 year-old that used to get 10,000 views and and now is seeing 110,000 views per snap. The strategy to boost content is by creating a relay chain of Snapchat handles of sort, with different channels giving shout outs to others and their content. 

"We are the ones that manage these kids, looking over everything from ideation and the creative process to distribution," said Tim Armoo, one of Fanbytes` co-founders. "You can think of us like the modern-day agency."

The company promises brands a guaranteed number of views on their campaigns, charging them on a cost-per-view basis. Plato, for example, shelled out 50,000 for both the creation and distribution of its AR lenses. The creators typically get anywhere between 2,000 to 5,000 for actually building the AR lenses because it`s a relatively technical skill, far higher than what teens on Instagram make, according to The Atlantic.

For brands, partnering with teens is cheaper and more organic

Screen Shot 2018 08 30 at 3.17.17 PMSnapchat has been pioneering augmented reality advertising, and advertisers can typically buy lenses in three ways.

They can use Snap`s self-serve tools to bid on Snap ads to run regular ads, where users can "Swipe Up to Try" AR lenses for 100 per day. Or they can pay for an audience-targeted lens for upwards of 40,000 with an agreed upon CPM.

Or they can buy lenses nationally, across the US, which run into hundreds of thousands of dollars, depending on the anticipated impressions that day.

But at the end of the day, these branded lenses are still ads, argues Armoo — a fact that is not lost on the highly coveted teen and 18-to-24 year-old segment of the app. Forcing them to watch ads or overly branding the lenses on the carousel only turns them off further, to the detriment of the advertisers. 

"The main reason brands come to us is that they don`t want to randomly show up in people’s Stories or carousels, they want to be more organic, and these teens help them do that," he said. "Plus, most bands still don`t know how create lenses easily themselves, and also don`t know how to make these go viral."

"A lot of the lenses brands sponsor aren`t organic and are unapologetically branded... I don`t want my face to turn into a Coke can," agreed creator Lucille Thomas. "This way, we can create lenses we actually want to use as well and make them organic, but it`s still got a brand element."

Of course, brands willing to to go down this route sacrifice the amplified reach that Snapchat`s self-serve ad tools offer as well as other direct-response results, such as using using an AR lens to get users to immediately download an app or make a purchase.

But depending on the brand goals, going with a native strategy can still work, said Nick Cicero, CEO and founder of Delmondo, a social video analytics and audience insights software platform.

"Not only can they [teens] deliver reach and authenticity when done properly, often times they know how the native tools will be perceived best to their large audiences."

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NOW WATCH: Is marrying your cousin actually dangerous?

Dutch anti-Islam lawmaker Geert Wilders said on Thursday he was cancelling plans to hold a contest for cartoons caricaturing the Prophet Mohammad, saying the danger of violence against innocent people was too great.
David Satterfield, a veteran U.S. diplomat with deep experience in the Middle East, is the leading candidate to be nominated as U.S. ambassador to Egypt, two U.S. officials said on Thursday.
The U.S. State Department on Thursday called on Russia to cease what it called "harassment of international shipping" in the Sea of Azov and Kerch Strait, accusing Moscow of trying to destabilize Ukraine.

Donald Trump

  • For US President Donald Trump and some of his allies, the idea that there`s a liberal bias in tech produces the same gut reaction as gun control and immigration.
  • The news website Axios reported Thursday that Trump was not about to back down in his war on Google and other firms, with one unnamed source calling it "an issue that`s here to stay."
  • Silicon Valley seems resigned to the long fight. "There will be no fixing this," a tech executive told The New York Times.

President Donald Trump and his allies are getting ready for a long fight with America`s tech giants.

That`s according to the news website Axios, which says it has spoken with several of Trump`s allies about his escalating attack on companies including Google and Twitter.

One source told the website that the idea these platforms contained liberal bias was getting conservatives as exercised as the gun-control debate and immigration issues.

"It`s risen to the level of being an emotional or gut issue with conservatives, like guns/immigration," an unnamed Trump operative told Axios. "It`s an issue that`s here to stay."

Trump`s eldest son, Donald Trump Jr., piled on with a similar sentiment, saying he didn`t think the issue was "going away" or "changing." He added that he would support the creation of a conservative social network meant to rival Facebook.

Trump has roasted Google for two straight days, accusing the company of favoring liberal news articles in its search results and falsely suggesting it failed to promote his State of the Union address after doing so for President Barack Obama. The quotes from sources close to him suggest these attacks will only continue.

Larry Page

Axios said Trump may also be using this line of attack to affect what is discussed in next week`s Senate Intelligence Committee hearing, during which Twitter`s CEO, Jack Dorsey; Facebook`s chief operating officer, Sheryl Sandberg; and potentially the Google cofounder Larry Page are expected to give evidence on foreign influence operations.

Silicon Valley seems resigned to a long fight

And it appears that Silicon Valley is resigned to a rumbling war with the president.

Kara Swisher, the editor at large for the tech website Recode, said in a New York Times opinion piece that social-media platforms had become such a "toxic swamp" that it would be nearly impossible to clean them up — particularly when they`re in the crosshairs of competing liberal and conservative demands.

"For one set, we can`t take enough down; for another set, we can`t leave up enough," an unnamed tech executive told her. "One side thinks social media enabled populism, while the other thinks the opposite. There will be no fixing this."

SEE ALSO: Google dismantled Trump`s latest salvo on the search engine

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NOW WATCH: Top 9 features coming to the iPhone in iOS 12

MoviePass

  • Carl Schramm has resigned from the board of MoviePass` parent company, Helios and Matheson Analytics.
  • In his resignation letter, Schramm raised concerns about the corporate governance of Helios and accused management of withholding material information from the board for months.
  • The past few months have been tumultuous for MoviePass and its parent company, which has instituted a series of unpopular changes designed to combat its massive cash burn.
  • Helios pushed back on Schramm`s concerns and said it was "unaware of any unanswered requests for information by Mr. Schramm."

Carl Schramm has resigned from the board of MoviePass` parent company, Helios and Matheson Analytics, the company disclosed in a Securities and Exchange Commission filing Thursday.

In Schramm`s resignation letter, he said that for several months he`d raised "questions and expressed concerned about the corporate governance" of Helios, and he accused management of withholding material information from the board for months.

He also accused management of not giving the board "sufficient time" to examine "complex documents, to review significant transactions, or to discuss how the proposed actions fit into the company`s strategic plan."

"These concerns have increased substantially over the past eight weeks as management apparently has made a number of important corporate decisions and executed significant transactions either without board knowledge or approval, or in board meetings initiated with only a few hours of advance notice by email (at least one of which I did not even know had been called until the meeting had concluded)," Schramm continued. "Just last week, I learned that management withheld material information from the board for several months."

Schramm is a professor at Syracuse University who previously ran the Ewing Marion Kauffman Foundation, a nonprofit focused on entrepreneurship and education. He`d served on the board of Helios since November 2016, a few months before the company took a majority stake in the popular movie-theater-subscription app MoviePass last summer.

The past two months have been tumultuous for MoviePass and its parent company. Over 3 million subscribers have flocked to the service, which last year began allowing subscribers to see one movie a day in theaters for 9.95 a month. The company subsidizes the tickets its users buy, however, and with advertising and other anticipated partnerships failing to have a major impact it has struggled to control its monthly cash burn, which rose to an estimated 45 million in July. After the service shut off in late July because the company ran out of money, Helios took an emergency loan of 5 million to turn it back on.

MoviePass then made drastic changes meant to bolster its business model. First, MoviePass announced that it would raise prices to 14.95 and bar major blockbusters from the app, at least for the first few weeks of release. After subscriber outcry, MoviePass quickly reversed those changes and instead instituted a cap of three movies a month.

Though Helios` management has said the changes helped slow MoviePass` cash burn dramatically, Helios` stock price has not recovered. It`s trading at about 0.02.

Helios pushed back on Schramm`s concerns in the Thursday filing.

"The company is unaware of any unanswered requests for information by Mr. Schramm," the filing says. "The board and committees of which Mr. Schramm was a member have met at least 25 times at duly convened meetings thus far in 2018, and the company firmly believes that it has kept the board fully informed and has provided all information needed for board members to exercise their responsibilities."

This is not the first controversy surrounding Helios` board. In June, Business Insider reported that a different Helios board member, Muralikrishna Gadiyaram, was under investigation in India after allegations of major fraud involving Helios` former parent company, Helios and Matheson Information Technology.

Here is the full resignation letter from Schramm, addressed to Helios CEO Ted Farnsworth:

"As you know, for several months now, I have raised questions and expressed concerns about the corporate governance of Helios and Matheson Analytics, Inc. (the `Company`). I have sought, often unsuccessfully, information about the Company`s financial status and operations, and explanations of Company strategy. I have objected to the manner in which a number of business decisions have been presented to the Board of Directors by management, without sufficient time for the Board to examine complex documents, to review significant transactions, or to discuss how the proposed actions fit into the Company`s strategic plan.

"These concerns have increased substantially over the past eight weeks as management apparently has made a number of important corporate decisions and executed significant transactions either without Board knowledge or approval, or in Board meetings initiated with only a few hours of advance notice by email (at least one of which I did not even know had been called until the meeting had concluded). Just last week, I learned that management withheld material information from the Board for several months.

"These and other actions have interfered with my ability to exercise my responsibilities as a board member. Taken together, they confirm that, despite my best efforts, my ability to effectively dis charge my duties as a director has been compromised beyond repair.

"Accordingly, effective immediately, I hereby resign from the Board of Directors of Helios and Matheson Analytics, Inc., and from any and all committees of which I am a member.

"In accordance with Section 11(b)(1) of the Securities Act, from this date forward, I disclaim any and all responsibility for any part of any registration statement filed with the United States Securities and Exchange Commission by or on behalf of Helios and Matheson Analytics, Inc., or any of its affiliates, including but not limited to the Form S-3 filed on January 25, 2018, the Form S-3 filed on July 2, 2018, and any other corporate filings."

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Honoring the 2015 nuclear deal is not Iran`s only option, Foreign Minister Mohammad Javad Zarif said on Thursday in a Twitter post.
Hundreds of anti-immigration protesters chanting "Resistance!" demonstrated in the German city of Chemnitz on Thursday after a series of violent confrontations that followed the killing of a German man by two immigrants.

Apple has sent out invitations for an event at its Cupertino, California, campus — an event that is almost sure to reveal the next generation of iPhone, as the company has done every September since 2012.

Here`s a look at the invitation:

Apple Invite 2018

Apple is expected to reveal three new models of its flagship smartphone on September 12 at the Steve Jobs Theater at its new Apple Park campus in Cupertino, California.

The "gather round" tagline most likely refers to Apple`s new campus, Apple Park, which features a signature "spaceship" design that`s perfectly round. It could also be a hint as to what we can expect from the event — is Apple also planning to reveal a new Apple Watch with a round face, perhaps? Or a new HomePod speaker?

This year is expected to be an "S year," meaning any new iPhones are likely to be an evolution, rather than a revolution, from last year`s flagship iPhone X reveal. Indeed, all three new phones are likely to sport the iPhone X`s edge-to-edge screen design, complete with the infamous "notch" for the Face ID selfie camera.

Of course, Apple could always have "one more thing" planned at its launch. Other possible products that could be on deck for a grand reveal include an updated iPad Pro and the next version of its AirPods.

Business Insider will cover the iPhone announcement live. Come back on September 12 for all the news as it happens.

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warren buffett arms outstretched

  • Warren Buffett weighed in on Tesla CEO Elon Musk`s Twitter usage, saying it hasn`t "helped him a lot."
  • Buffett also laughed off a fake Twitter account that was impersonating him. The account posted a tweet that was shared by Kanye West.
  • In addition to the Twitter commentary, Buffett talked about President Donald Trump`s idea to move away from quarterly earnings cycles, the president`s pressure on Fed Chairman Jerome Powell, and tariffs.

Warren Buffett doesn`t think Elon Musk`s tweeting is doing him any favors.

The Tesla CEO has come under fire recently for his Twitter usage, including a tweet announcing the company was considering going private and another attacking a British diver who helped save the young Thai soccer team that got trapped in caves as a "pedo guy."

"I don`t think it`s helped him a lot," Buffett said during an interview with CNBC on Thursday.

Musk`s Twitter proficiency has gotten Tesla and himself in hot water. The Securities and Exchange Commission launched an investigation into the tweet about taking Tesla private (the company has since abandoned the idea). And Vernon Unsworth, the British diver, is reportedly preparing legal action against Musk.

Buffett also rejected the idea of tweeting more, saying he doesn`t have enough opinions to weigh in on events daily.

"think there`s other things in life I want to do than tweet. I`m not that desperate for somebody to hear my opinion on this," he said.

The legendary investor was also asked about a fake Twitter account that took on his identity, gaining hundreds of thousands of followers along the way and even having one tweet shared by Kanye West.

"I do not have a daily view on all kinds of things, and maybe I`ve got a guy in this copycat or imitator, maybe he`s putting out better stuff than I would and if he puts out enough good advice, I`ll take credit for it," Buffett said.

Other highlights from Buffett`s interview:

  • On President Donald Trump`s plan to move US companies to twice-annual earnings reports: "I like to read quarterly reports as an investor, and we`ve got a couple hundred billion dollars worth of common stocks, so I like to get those quarterly reports," Buffett said. "I do not like guidance, and I think the guidance leads to lots of bad things and I`ve seen it lead to lots of bad things — I don`t think quarterly reporting itself — it`s when you get into promising people what you`re going to do every quarter."
  • On Trump`s public pressure on Federal Reserve Chairman Jerome Powell not to raise interest rates: "[Powell will] do what, in his judgment, is best for the American economy over time there isn`t any question about that," Buffett said. "Maybe he`ll make mistakes — I know I`ll make mistakes — but he knows what his job is and he`ll do it."
  • On Trump`s tariffs: "It pops up in every place and I haven`t really done that, but I was seeing [inflation] in raw materials well before the tariffs situation came up, but the tariff situation will aggravate it significantly," Buffett said.

SEE ALSO: A top trade commission just dismantled Trump`s tariffs that were wrecking newspapers

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marijuana legalization protest donald trump inauguration

  • Citron Research says marijuana company Cronos is worth one-third of its current value.
  • Specifically, Citron says Cronos has duped investors by excluding key information from disclosures.
  • Cronos fell as much as 10% following the note.
  • Follow Cronos in real time here. 

Citron Research — a short-selling firm with a history of wiping out stock prices and run by Andrew Left — has a new target: cannabis stocks.

In a report published Thursday, the firm says Cronos, one of the most valuable publicly traded marijuana companies, is worth roughly one-third of its current price: 3.50 per share.

"Citron would like to inform investors of caution on the ongoing and real green rush," the firm said.

"Although the hype is big and the prohibition after 100 years is real, it is critical to understand that in the Canadian landscape, there are over 100 licensed producers and there will ultimately be more losers than winners."

Specifically, Citron cites a lack of disclosures from the firm — which trades only in Canada, unlike some of its US-listed competitors — about major events. First, Citron criticized Cronos` lack of specifics in terms of its provincial supply agreements, and notes all other suppliers, including competitor Canopy Growth, have specified the amounts they`ve been tapped to supply.

"Cronos management appears to have been deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces – unlike every other major cannabis player," Citron wrote.

"Our sources have informed us that it’s because the agreements are so small they could never justify the premium investors are paying for the stock."

Citron also says a major recall in May of Cronos` product in Germany wasn`t disclosed to investors.

Cronos has been a popular investment among traders on Robinhood, who tend to skew younger than on traditional brokerages. The stock currently has more than 96,000 holders on the app, Robinhood`s website shows, up from just 60,000 less than a month ago. 

Cannabis stocks, including those of Cronos and its competitors, have seen an impressive run-up following investments by the beverage makers Constellation Brands and Lagunitas, but Citron says reports suggesting Britain`s Diageo was interested in the space have already compelled investors to price a new deal in to Cronos` stock.

"Yeah right, Diageo would ever do a deal with a company who has a history of contamination and has proven that they cannot even produce a small amount of commercial product," Citron wrote. "This is a NON EVENT. Citron feels stupid even discussing this, but it had to get mentioned."

Cronos did not respond to a request to comment from Business Insider.

Shares of Cronos fell as much as 10% in trading Thursday follow Citron`s report, but were still up 57% since their March debut.

Citron and its founder Andrew Left have previously come out with reports against Snap, Inogen, Wayfair, Netflix, and others. Left is perhaps best known for his damning October 2015 report that accused Valeant Pharmaceuticals of being a "pharmaceutical Enron," in which he helped bring up questions regarding the firm`s accounting and relationship with the specialty pharmacy Philidor.  

Read Citron`s full report on Cronos here. 

Cronos stock price weed marijuana

SEE ALSO: Legal marijuana could be worth 47 billion in the US alone, according to a Wall Street analyst

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amazon fulfillment center

  • Sen. Bernie Sanders and Amazon are engaged in a war of words over worker pay at the retail giant.
  • Sanders has claimed that Amazon underpays its workers at the company`s fulfillment centers compared to the industry average, while Amazon argues its pay is competitive.
  • We compared Amazon salary estimates to pay in other industries.

Sen. Bernie Sanders and Amazon are engaged in a war of words over a significant question: Does the retail giant pay its employees enough?

Sanders has attacked the company for underpaying workers at its massive fulfillment centers, where orders are processed and packaged. Amazon, however, has said it pays its workers competitive salaries and fair wages.

So who`s right?

The answer ultimately comes down to whose wages you`re comparing Amazon`s with — and how you measure them. 

In its rebuttal to Sanders, Amazon claimed the average hourly wage for a fulfillment center worker including "cash, stock, and incentive bonuses" is 15 an hour. Amazon did not, however, say how much fulfillment center workers make in just salary absent incentives. The company did not respond to a request for further comment. 

Meanwhile, a study from the Institute for Local Self-Reliance, which was cited by Sanders, looked at 1,300 job listings for Amazon fulfillment center positions. It found the median pay for those openings was 12.32 an hour.

The company has also revealed that the salary for a median Amazon employee is 28,446, which shakes out to about 13.67 an hour. That`s imprecise, however, since it includes all Amazon employees, but it offers a midpoint for our comparison.

Amazon also likes to compare their average worker pay to "traditional retail stores," which aids the company`s claim that its workers make "30% higher than employees` pay in traditional retail stores."

Looking at data from the Bureau of Labor Statistics on worker pay by occupation, we can parse out how much Amazon employees earn compared to similar workers in other industries.

  • According to BLS data, the median average hourly pay for a nonsupervisory retail worker at a general merchandise store like Target or Walmart made 12.63 an hour in 2017, or 18.8% less than Amazon said it pays fulfillment center workers (including bonuses and stock options). But the BLS data does not include bonuses, so that is not an apples-to-apples comparison.
  • Using the ILSR study`s estimate, Amazon fulfillment center employees make 2.5% less than traditional retail workers in big box stores.
  • Using the median Amazon employee salary, the fulfillment center workers made 8.2% more.

This appears to be the comparison Amazon is making when referring to "traditional retailers," but these workers are employed at brick-and-mortar retail locations — like a Walmart store.

Amazon fulfillment centers, by contrast, do not have storefronts and more closely mirror another BLS category: Warehousing and Storage. Workers in this category work in locations that do not make direct sales, like a fulfillment center, and provide logistics for the delivery of goods, also like a fulfillment center.

  • Nonsupervisory workers in this category made 16.82 an hour in 2017, and those employed as stock clerks and order fillers made 15.76 an hour.
  • Even when using Amazon`s 15 an hour calculation, the typical worker in Warehousing and Storage made 12% more than a fulfillment center employee, and the typical stock clerk made 5.2% more.
  • Using the ILSR calculation, fulfillment workers made 36.5% less than all warehousing workers and 27.9% less than stock clerks. Using the median Amazon employee pay, the retailer`s workers made 23% less than general warehousing workers and 15.3% less than stock clerks.

The bottom line: Amazon workers likely make right around or slightly above the industry average for workers in traditional big box stores, but less than their counterparts working in actual warehouses.

SEE ALSO: Amazon and Bernie Sanders launch war of words over worker pay, safety conditions at the retail giant

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NOW WATCH: Meet the woman behind Trump`s 20 million merch empire

Autostrade per l`Italia, a unit of Italian infrastructure group Atlantia, on Thursday presented several options to local authorities for rebuilding the motorway the bridge that collapsed in Genoa this month, the group said in a statement.
Three members of the Swedish Academy will return to the body which decides the Nobel Prize for Literature after withdrawing in protest over a sex scandal, the Svenska Dagbladet newspaper reported on its website on Thursday.
The S&P 500 and the Dow Jones Industrial Average slipped on Thursday, after four sessions of gains, over concerns about the U.S.-China trade war, but gains in technology stocks helped lift the Nasdaq.
Last March, Archbishop Carlo Maria Vigano dined on the outskirts of Rome at the home of a conservative Italian Catholic journalist. Over pasta, fish and white wine, the prelate poured out his concern for the future of the Roman Catholic Church.

Battlefield 4, electronic arts

  • Electronic Arts announced it is delaying the release of its Battlefield V video game.
  • The video-game maker also cut its net bookings guidance.
  • Shares of the company are down 10%.

Electronic Arts dropped 10% Thursday trading after the video-game maker announced it is delaying the release of its next Battlefield video game by four weeks — to November 20 — and cut its guidance. Battlefield, one of the company`s biggest franchise, is a first-person shooter game and known for its realistic depiction of combat.

"We believe we`ve got one of the best Battlefield games ever coming in Battlefield V," said Laura Miele, Chief Studios Officer of Electronic Arts.

"Tens of thousands of players have been hands on with the game so far, and we`ve been honored to receive best multiplayer awards at E3 and Gamescom. We`ve had valuable feedback from our community, and we`re going to take the time to make some final adjustments and deliver a great experience for our fans."

Alongside the announcement, the video-game maker cut its net bookings guidance to 5.20 billion from 5.55 billion, falling further below the Wall Street estimate of 5.59 billion, according to Bloomberg data. 

The delay adds to recent setbacks for Electronic Arts. Last month, the company set an earnings forecast of 3.55 per share for the fiscal year ending March 31, 2019, falling well short the 5.02 that was expected by analysts, sending shares tumbling.

Electronic Arts is up 6% this year.

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NOW WATCH: The CEO of one of the largest health insurers in the US explains the problem with healthcare in America

Evan Spiegel

  • Snap is trading at its lowest level in three months.
  • Snapchat users discovered Thursday morning that the app`s map labeled New York City as "Jewtropolis." 
  • Snap uses maps from its partner, Mapbox.
  • Watch Snap trade in real-time here.

Snap dropped more than 2% Thursday after its users discovered the app`s map labeled New York City as "Jewtropolis." Shares touched an intraday low of 10.88 — just 0.38 above the record low set on May 17.

Snapchat`s maps come from third-party mapping software Mapbox, which also supplies mapping information to other apps such as StreetEasy and Citi Bike.

Mapbox confirmed that it was an act of human vandalism, and the matter was resolved shortly before 9 a.m. ET.

"This is now 100 percent fixed and should have never happened. It`s disgusting,"Mapbox CEO Eric Gundersen said, adding that his company was still trying to figure out how the change was able to slip through the cracks unnoticed, according to Tech Crunch.

Snap shares have been under pressure since the company`s second-quarter earnings showed the first decline in users. They are down 27% this year.

SNAP

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NOW WATCH: What`s going on with Elon Musk

One of the longest-serving lawmakers in Britain`s opposition Labour Party has attacked its leadership for becoming "a force for anti-Semitism" and said he will no longer vote with the party in parliament.
The roof of a church built on top of an ancient prison that is said to have held St. Peter before his crucifixion collapsed on Thursday in Rome. No injuries were reported.

This story was delivered to Business Insider Intelligence IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here.

California-based cybersecurity startup Xage has announced a new tool, dubbed Xage Policy Manager, to help utilities and critical infrastructure providers secure their assets and systems using blockchain.

grid

The company’s new policy management tool is aimed at providing a decentralized solution to implement end-to-end security for these companies through a series of protocols to force secure operations, with a single dashboard to view and manage them all. This solution is also intended to offer infrastructure companies tools to comply with new and forthcoming US government directives.

Critical infrastructure providers, such as energy utilities companies, have been the subject of numerous cybersecurity conversations and worries in recent months.Security researchers have identified at least one hack in an unnamed location, while also discovering infiltration in energy grids around the world.

Atlanta, Georgia was also the victim of a cyberattack that held the city’s systems ransom, though it didn’t compromise critical services. To combat these attempts in the US, the Department of Homeland Security announced that it’s creating a new cybersecurity hub to help coordinate national cybersecurity efforts and ensure that lines of communication are maintained between various parties responsible for ensuring security.

Xage is looking to help companies combat these problems and comply with security needs. Blockchain is a useful tool for these sorts of security problems because it doesn’t rely on any single central system to enforce protocols and monitor policies that control access to critical infrastructure.

Elements of security requirements are baked directly onto the blockchain, so companies can require complex passwords that are changed regularly without needing to update legacy systems, for example. And, should an individual system like a single power node substation be compromised, the dashboard can display that penetration, and permissions can be revoked on the blockchain, so any requests originating from that node can be denied.

While Xage’s new policy management tool could help companies meet cybersecurity needs, it’s unclear how well it will scale due to the distributed nature of blockchain.A solution that uses blockchain relies on numerous computing systems to verify additions to that chain and process transactions or edits.

This means that as the chain gets longer, the file gets larger and takes more time to process, which can slow down verification and lead to delays. This problem is inherent to all blockchain solutions, and Xage will need to combat it in order to scale its critical infrastructure security management tool effectively.

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Donald Trump

  • For US President Donald Trump and some of his allies, the idea that there`s a liberal bias in tech produces the same gut reaction as gun control and immigration.
  • The news website Axios reported Thursday that Trump was not about to back down in his war on Google and other firms, with one unnamed source calling it "an issue that`s here to stay."
  • Silicon Valley seems resigned to the long fight. "There will be no fixing this," a tech executive told The New York Times.

President Donald Trump and his allies are getting ready for a long fight with America`s tech giants.

That`s according to the news website Axios, which says it has spoken with several of Trump`s operatives about his escalating attack on companies including Google and Twitter.

One source told the website that the idea these platforms contained liberal bias was getting conservatives as exercised as the gun-control debate and immigration issues.

"It`s risen to the level of being an emotional or gut issue with conservatives, like guns/immigration," an unnamed Trump operative told Axios. "It`s an issue that`s here to stay."

Trump`s eldest son, Donald Trump Jr., piled on with a similar same sentiment, saying he didn`t think the issue was "going away" or "changing." He added that he would support the creation of a conservative social network meant to rival Facebook.

Trump has roasted Google for two straight days, accusing the company of favoring liberal news articles in its search results and falsely suggesting it failed to promote his State of the Union address after doing so for President Barack Obama. The quotes from sources close to him suggest these attacks will only continue.

Larry Page

Axios said Trump may also be hijacking next week`s Senate Select Committee on Intelligence hearing, during which Twitter CEO Jack Dorsey, Facebook COO Sheryl Sandberg, and potentially Google cofounder Larry Page, will give evidence on foreign influence operations. The theory is that Trump wants to angle the hearing toward an issue that resonates with his support base.

Silicon Valley seems resigned to a long and rumbling fight

And it appears that Silicon Valley is resigned to a rumbling war with the President.

Writing in The New York Times, Recode Editor-At-Large Kara Swisher said social media platforms have become such a "toxic swamp" that a clean-up job is now nearly impossible — particularly when they`re in the crosshairs of competing liberal and conservative demands.

A tech exec source told her: "For one set, we can’t take enough down; for another set, we can’t leave up enough. One side thinks social media enabled populism, while the other thinks the opposite. There will be no fixing this."

SEE ALSO: Google totally dismantled Donald Trump`s latest salvo on the search engine

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MANAMA - 30 Aug 2018: Bahrain`s King Hamad bin Isa al Khalifa welcomed Egyptian President Abdel Fattah El Sisi upon his arrival at Bahrain International Airport on an official visit to the Kingdom.

Prime Minister Prince Khalifa bin Salman al Khalifa and senior Bahraini officials were present, Bahrain News Agency reported on Thursday.

An official reception ceremony was held upon the arrival of the Egyptian President at the Gudaibiya Palace.

After the national anthems of both countries were played, the two leaders inspected the Guard of Honour lined up to salute them.
CAIRO – 30 August 2018: Egypt’s government affirmed its full commitment to announce the results of the British couple death’s investigation. The couple passed away in Hurghada last week during their stay in Steigenberger Aqua Magic Hotel.

During a meeting held between Egypt’s Prime Minister, Mostafa Madbouly, and Minister of Tourism Rania al-Mashat and Thomas Cook Group Chief Executive Peter Fankhauser, the tragic deaths of John and Susan Cooper were discussed, as both sides affirmed their commitment and earnestness to the investigation.

In a statement issued by Thomas Cook Travel Company, it was stated that Fankhauser reiterated his personal commitment, and the commitment of everyone at Thomas Cook, to get to the bottom of what went wrong.

“It was a constructive discussion and the Prime Minister and Minister of Tourism gave their reassurance that they are doing all that they can to ensure the investigation is thorough, transparent and provides the answers we need as swiftly as possible,” The statement stated.

Fankhauser also met with British Ambassador to Egypt, John Casson, and Deputy Head of Mission, Helen Winterton, to discuss their continued cooperation to assist the Cooper family and work with the Egyptian authorities to support UK tourists in Egypt.

“We will continue to speak to the Egyptian authorities and the Foreign and Commonwealth Office to ensure that we work together and priorities the very best interests of the Cooper family. The wellbeing of our customers in Egypt remains of paramount importance,” Thomas Cook affirmed in its statement.

On Aug. 24, Egypt’s Red Sea governorate said that John and Susan Cooper died at different times in Hurghada as a result of circulatory collapse.

According to the governorate’s statement, John, 69, died inside his room in the hotel on 21 Aug. morning. The statement added that preliminary medical reports revealed that he died of a circulatory collapse and cardiac arrest. John’s body was moved to the Hurghada General Hospital.

Conducting a medical report, a Health Ministry medical inspector denied the presence of any criminal activity concerning the death of John, the statement added.

Susan, 64 and the victim’s wife, fainted and was then moved at 4 p.m. on the same day to Aseel Medical Care Hospital in the Red Sea city of Hurghada, according to the statement.

A Cardiopulmonary resuscitation had been carried out for 30 minutes, according to the statement, before Susan lost her life at 5:12 p.m. Susan’s body was also moved to Hurghada General Hospital.

The medical inspector also denied the presence of any criminal activity concerning Susan’s death, adding that Susan died of a circulatory collapse. Further examination of the two bodies has been ordered, the statement added.


Egypt`s Tourism Ministry follows up on British couple case

CAIRO - 24 August 2018: A team from the Egyptian Ministry of Tourism was formed to follow up on the death of a British couple who lost their lives in a Hurghada hotel in the Red Sea governorate due to "natural causes."




Read CNN`s Operation Enduring Freedom Fast Facts and learn more about the war on terror and al Qaeda in Afghanistan and the unseating of the Taliban government.
United Nations` human rights experts voiced alarm on Thursday over alleged Chinese political re-education camps for Muslim Uighurs and they called for the immediate release of those detained on the "pretext of countering terrorism".
Hundreds of migrants have been relocated from government-run detention centers in Libya after being trapped by clashes between rival groups, U.N. and aid sources said on Thursday.
bojack horsemanSetting off the fall TV season, a few fan-favorite shows shows are returning with new seasons next month.

To find out which returning series audiences are anticipating the most, the TV tracking app TV Time analyzed data from its 13 million global users to see which upcoming TV series viewers had followed the most frequently on its app.

The list includes the upcoming seasons of Netflix shows like "BoJack Horseman" and "Marvel`s Iron Fist," alongside the latest installment of FX`s anthology series "American Horror Story."

Here are the 5 returning shows that viewers are anticipating the most for September, according to TV Time:

SEE ALSO: The 5 most anticipated new TV shows premiering in September

5. "The Good Place" (Season 3) — Premieres September 27 on NBC

Summary: "The show follows Eleanor Shellstrop (Kristen Bell, `House of Lies,` `Veronica Mars`), an ordinary woman who enters the afterlife and, thanks to some kind of error, is sent to the Good Place instead of the Bad Place, which is definitely where she belongs."



4. "BoJack Horseman" (Season 5) — Premieres September 14 on Netflix

Summary: "Meet the most beloved sitcom horse of the `90s, 20 years later. He’s a curmudgeon with a heart of...not quite gold...but something like gold. Copper?"



3. "American Horror Story: Apocalypse" (Season 8) — Premieres September 12 on FX

Summary: "A groundbreaking anthology horror drama series created and produced by Ryan Murphy and Brad Falchuk."



See the rest of the story at Business Insider

elon musk twitter

  • Tesla CEO Elon Musk was recently asked how he spends his time at Tesla.
  • Musk explained that he spends most of his time in meetings around the factory, and though "people think I spend a lot of time on Twitter ... but actually it`s like, that`s like almost nothing."

Tesla CEO Elon Musk recently sat down for an interview with YouTuber Marques Brownlee, a.k.a. "MKBHD."

Brownlee`s first question was pretty straightforward: "How do you spend time at Tesla? What do you do?"

Here was Musk`s response:

I think probably a lot of people don`t realize I`m basically in the factory, in design or engineering meetings or in production — that`s like 80-90% of the time.

I think sometimes people think I spend a lot of time on Twitter. I don`t know what gave — why they would think that, that`s crazy. But actually it`s like, that`s like almost nothing.

But most of my time is spent — at least the last several months especially — going around the factory and then working on say, the paint shop, the body shop where we weld up the body, the final assembly where we put all the parts together, and if I`m not here I`m at the Gigafactory in Nevada.

Well, there you have it. Musk says he spends about 80% to 90% of his time in various meetings within the factory, checking in on production throughout the assembly process. Oh, and the amount of time he spends on Twitter is "like, almost nothing."

You can check out the rest of the interview below.

SEE ALSO: 

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