Kushner was asked to ‘lay low’ after Russia-related reports, source says

Trump was greeted on U.S. soil by new reports involving his son-in-law-turned-senior White House adviser, Jared Kushner. NBC News reported Thursday that Kushner has come under FBI scrutiny in the Russia investigation, with multiple officials telling NBC News that investigators believe Kushner has significant information relevant to their inquiry. That Kushner is being cautioned to keep a low profile is notable considering his role leading a new White House “war room” to deal with Russia-related


Trump was greeted on U.S. soil by new reports involving his son-in-law-turned-senior White House adviser, Jared Kushner. NBC News reported Thursday that Kushner has come under FBI scrutiny in the Russia investigation, with multiple officials telling NBC News that investigators believe Kushner has significant information relevant to their inquiry. That Kushner is being cautioned to keep a low profile is notable considering his role leading a new White House “war room” to deal with Russia-related
Kushner was asked to ‘lay low’ after Russia-related reports, source says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: ali vitali, kristen welker, jonathan ernst
Keywords: news, games, cnbc, companies, white, asked, kushner, lay, russia, told, house, telling, trump, reports, nbc, source, low, officials, russiarelated


Kushner was asked to ‘lay low’ after Russia-related reports, source says

Back on his home turf after an eight-day foreign trip, President Donald Trump is once again facing down controversy — and now it’s hitting close to home.

Trump was greeted on U.S. soil by new reports involving his son-in-law-turned-senior White House adviser, Jared Kushner. NBC News reported Thursday that Kushner has come under FBI scrutiny in the Russia investigation, with multiple officials telling NBC News that investigators believe Kushner has significant information relevant to their inquiry. That doesn’t mean, however, that they suspect him of a crime or intend to charge him.

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A source familiar with the thinking inside the White House told NBC News that a few individuals have even suggested to Kushner that he should “lay low,” in the aftermath of those reports and new revelations that he sought to set up a secret back-channel with Russia. Separately, a White House official, who spoke on condition of anonymity, told NBC News that at least one staffer was speechless when they learned about reports of a purported Russia back channel.

Despite that request, there is no indication that the president shares that view and Kushner remains one of his top advisers. “Jared is doing a great job for the country,” the president told The New York Times Sunday. “I have total confidence in him. He is respected by virtually everyone and is working on programs that will save our country billions of dollars. In addition to that, and perhaps more importantly, he is a very good person.”

The Washington Post reported Friday that Kushner discussed setting up a secure and secret communication channel between the Kremlin and the Trump transition with Russian Ambassador Sergey Kislyak. The proposal, which hasn’t been independently confirmed by NBC News, was made during a meeting in December with Kisylak, also attended by former Trump National Security Adviser Michael Flynn, The Post reported.

That Kushner is being cautioned to keep a low profile is notable considering his role leading a new White House “war room” to deal with Russia-related issues. White House aides told NBC News before the weekend that Kushner, presidential counselor Steve Bannon and White House Chief of Staff Reince Priebus would head up the effort, but other officials sounded more skeptical Sunday that Kushner would play a leading and hands-on role.

Despite mounting questions, Kushner remains focused on work and eager to cooperate with the investigation, a source familiar with his thinking told NBC News. And Sen. Bob Corker, R-Tennessee, delivered a similar reminder Sunday, telling NBC News’ Chuck Todd that it “sounds like he’s more than glad to talk about all of these things.”

Kushner would speak for himself, Corker said he’d been reassured, “when the time is right.”

Although the White House largely believed Trump’s first foreign trip to be a success, that doesn’t mean thoughts about shaking things up in the president’s inner circle have subsided. Multiple sources told NBC News that changes are still coming in a White House that has become known for its palace intrigue and publicly aired internal politics.

Questions have long swirled about White House Press Secretary Sean Spicer’s future, with Trump still weighing a higher-profile role for Spicer’s deputy, Sarah Huckabee Sanders. Officials previewed changes to come in the communications shop, including having more top officials make appearances at briefings.

And former campaign aides Corey Lewandowski and David Bossie are back in the president’s orbit, sources confirmed to NBC News, with their prospects of officially joining the administration swirling as Trump seeks out the team that brought him success during the campaign.

That campaign spirit could be back in full view in the coming weeks, as well, with one official telling NBC News that Trump is expected to get back on the road and to the rallies he so loves, using them to bolster his agenda on key issues like tax reform and health care.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: ali vitali, kristen welker, jonathan ernst
Keywords: news, games, cnbc, companies, white, asked, kushner, lay, russia, told, house, telling, trump, reports, nbc, source, low, officials, russiarelated


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France’s Macron meets with Vladimir Putin, promises tough talk and cooperation on key issues

French President Emmanuel Macron met Russia’s Vladimir Putin near Paris on Monday, promising some frank talking with the Kremlin leader after an election campaign in which his team accused Russian media of trying to interfere. Macron, who took office two weeks ago, has said dialogue with Russia is vital in tackling a number of international disputes. Nevertheless, relations have been beset by mistrust, with Paris and Moscow backing opposing sides in the Syrian civil war and at odds over the Ukra


French President Emmanuel Macron met Russia’s Vladimir Putin near Paris on Monday, promising some frank talking with the Kremlin leader after an election campaign in which his team accused Russian media of trying to interfere. Macron, who took office two weeks ago, has said dialogue with Russia is vital in tackling a number of international disputes. Nevertheless, relations have been beset by mistrust, with Paris and Moscow backing opposing sides in the Syrian civil war and at odds over the Ukra
France’s Macron meets with Vladimir Putin, promises tough talk and cooperation on key issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: stephane de sakutin
Keywords: news, games, cnbc, companies, russian, french, issues, promises, moscow, vladimir, frances, russia, putin, meets, paris, talk, macron, president, election, palace, tough, key


France's Macron meets with Vladimir Putin, promises tough talk and cooperation on key issues

French President Emmanuel Macron met Russia’s Vladimir Putin near Paris on Monday, promising some frank talking with the Kremlin leader after an election campaign in which his team accused Russian media of trying to interfere.

Macron, who took office two weeks ago, has said dialogue with Russia is vital in tackling a number of international disputes. Nevertheless, relations have been beset by mistrust, with Paris and Moscow backing opposing sides in the Syrian civil war and at odds over the Ukraine conflict.

Fresh from talks with his Western counterparts at a NATO meeting in Brussels and a G7 summit in Sicily, Macron was hosting the Russian president at the sumptuous 17th Century palace of Versailles outside Paris.

Amid the baroque splendor, Macron will use an exhibition on Russian Tsar Peter the Great at the former royal palace to try to get Franco-Russian relations off to a new start.

The 39-year-old French leader and Putin exchanged a cordial, businesslike handshake and smiles when the latter stepped from his limousine for a red carpet welcome, with Macron appearing to say “welcome” to him in French.

The two men then entered the palace to start their talks.

“It’s indispensable to talk to Russia because there are a number of international subjects that will not be resolved without a tough dialogue with them,” Macron told reporters at the end of the G7 summit on Saturday, where the Western leaders agreed to consider new measures against Moscow if the situation in Ukraine did not improve.

“I will be demanding in my exchanges with Russia,” he added.

Relations between Paris and Moscow were increasingly strained under former President Francois Hollande.

Putin, 64, cancelled his last planned visit in October after Hollande accused Russia of war crimes in Syria and refused to roll out the red carpet for him.

Then during the French election campaign the Macron camp alleged Russian hacking and disinformation efforts, at one point refusing accreditation to the Russian state-funded Sputnik and RT news outlets which it said were spreading Russian propaganda and fake news.

Two days before the May 7 election runoff, Macron’s team said thousands of hacked campaign emails had been put online in a leak that one New York-based analyst said could have come from a group tied to Russian military intelligence.

Moscow and RT itself rejected allegations of meddling in the election.

Putin also offered Macron’s far-right opponent Marine Le Pen a publicity coup when he granted her an audience a month before the election’s first round.

Nonetheless, Russia’s ambassador to Paris, Alexander Orlov said on Monday that he expected this first meeting between the two men to be full of “smiles” and marking the beginning of “a very good and long relationship”.

Orlov, speaking on Europe 1 radio, said he believed that Macron was “much more flexible” on the Syrian question, though he did not say why he thought this. Putin would certainly invite Macron to pay a visit to Moscow, he said.

Putin’s schedule included a trip to a newly opened Russian Orthodox cathedral in Paris – a call he had been due to make for its inauguration in October, but which was cancelled along with that trip.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: stephane de sakutin
Keywords: news, games, cnbc, companies, russian, french, issues, promises, moscow, vladimir, frances, russia, putin, meets, paris, talk, macron, president, election, palace, tough, key


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Backdoor IRAs: Another way to save on taxes in retirement

Because there are income limits to open a Roth IRA, most people earning high salaries don’t believe a Roth IRA is an option. Here’s how this “backdoor” Roth IRA strategy works. Anyone is eligible to open a non-deductible IRA, even if contributing the maximum to a company 401(k) plan. Once the after-tax IRA has been set up, the second step is to convert it into a Roth IRA. People setting up a new after-tax IRA should consult with a financial advisor on how quickly this account can be converted in


Because there are income limits to open a Roth IRA, most people earning high salaries don’t believe a Roth IRA is an option. Here’s how this “backdoor” Roth IRA strategy works. Anyone is eligible to open a non-deductible IRA, even if contributing the maximum to a company 401(k) plan. Once the after-tax IRA has been set up, the second step is to convert it into a Roth IRA. People setting up a new after-tax IRA should consult with a financial advisor on how quickly this account can be converted in
Backdoor IRAs: Another way to save on taxes in retirement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: mike dewitt, wealth advisor at brightworth, james balston arcaidimages, getty images, fatcamera, portra images, adam gault, pedro castellano, paul marotta
Keywords: news, games, cnbc, companies, married, income, age, taxes, backdoor, strategy, save, retirement, way, iras, ira, person, funds, nondeductible, open, roth


Backdoor IRAs: Another way to save on taxes in retirement

Because there are income limits to open a Roth IRA, most people earning high salaries don’t believe a Roth IRA is an option. Under the law, a single person with an annual adjusted gross income of $133,000 or more and a married couple making more than $196,000 cannot directly fund a Roth IRA.

However, since an IRS rule change in 2010, there have been no income limits on converting funds initially made to traditional IRAs into Roth IRAs. By taking advantage of this strategy, many people can implement a long-term strategy to have more tax-free funds available in retirement.

Here’s how this “backdoor” Roth IRA strategy works.

Most high earners are likely saving the maximum allowed in company 401(k) plans. After all, it’s an easy way to save and consistently invest money that will grow over time, but there is a limit to these contributions. The ceiling for 2016 before-tax contributions is $24,000 for people age 50 and older. So how can a person save more and reduce their taxes?

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The first step is to open an after-tax “non-deductible” traditional IRA and, if you are married, one for your spouse, too. Anyone is eligible to open a non-deductible IRA, even if contributing the maximum to a company 401(k) plan. For example, a person earning $300,000 annually who participates in his or her company’s 401(k) plan can open a non-deductible IRA and contribute up to $5,500 annually, or $6,500 if over age 50. If married and both spouses are age 50 or older, they can contribute a combined $13,000.

Once the after-tax IRA has been set up, the second step is to convert it into a Roth IRA.

People setting up a new after-tax IRA should consult with a financial advisor on how quickly this account can be converted into a Roth IRA. If the account can be converted quickly, any taxes owed could be minimal. The more time between the initial contribution and conversion to a Roth IRA, the more likely these funds will generate a gain. If this occurs, taxes will be due on the gains.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: mike dewitt, wealth advisor at brightworth, james balston arcaidimages, getty images, fatcamera, portra images, adam gault, pedro castellano, paul marotta
Keywords: news, games, cnbc, companies, married, income, age, taxes, backdoor, strategy, save, retirement, way, iras, ira, person, funds, nondeductible, open, roth


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Tiger Woods arrested in Florida for suspicion of drunk driving

Tiger Woods was arrested early Monday on a DUI charge in Jupiter, Florida, and spent nearly four hours in a county jail before he was released. Woods, the 14-time major champion who ranks second with his 79 career victories on the PGA Tour, has not played for four months. Woods was arrested on suspicion of DUI about 3 a.m. Monday in a suburban area and taken to the Palm Beach County jail, Jupiter Police spokeswoman Kristin Rightler said. She said an arrest report may be available Tuesday. The sa


Tiger Woods was arrested early Monday on a DUI charge in Jupiter, Florida, and spent nearly four hours in a county jail before he was released. Woods, the 14-time major champion who ranks second with his 79 career victories on the PGA Tour, has not played for four months. Woods was arrested on suspicion of DUI about 3 a.m. Monday in a suburban area and taken to the Palm Beach County jail, Jupiter Police spokeswoman Kristin Rightler said. She said an arrest report may be available Tuesday. The sa
Tiger Woods arrested in Florida for suspicion of drunk driving Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: palm beach county sheriffs office
Keywords: news, games, cnbc, companies, woods, witness, jail, arrest, florida, tiger, driving, suspicion, arrested, golf, report, tour, county, drunk


Tiger Woods arrested in Florida for suspicion of drunk driving

Tiger Woods was arrested early Monday on a DUI charge in Jupiter, Florida, and spent nearly four hours in a county jail before he was released.

Woods, the 14-time major champion who ranks second with his 79 career victories on the PGA Tour, has not played for four months. He is out for the rest of the season while he recovers from his fourth back surgery.

Woods was arrested on suspicion of DUI about 3 a.m. Monday in a suburban area and taken to the Palm Beach County jail, Jupiter Police spokeswoman Kristin Rightler said. He was arrested on Military Trail, south of Indian Creek Parkway.

Jail records show that Woods was booked into Palm Beach County jail at 7:18 a.m. and released on his own recognizance at 10:50 a.m.

Rightler said she did not have additional details about the circumstances leading to Woods’ arrest, nor did she have any information about whether the arrest involved drugs or alcohol. She said an arrest report may be available Tuesday.

His agent at Excel Sports, Mark Steinberg, did not immediately respond to a voicemail from The Associated Press. PGA Tour spokesman Ty Votaw said the tour would have no comment.

Woods has not been seen at a golf tournament since he opened with a 77 at the Omega Dubai Desert Classic, withdrawing the next day because of back spasms. He was in Los Angeles for the Genesis Open, run by his Tiger Woods Foundation, but did not come to the course because of his back.

He was at the Masters, but only to attend the dinner for past champions.

Woods, who had been No. 1 longer than any other golfer, has not been a factor since his last victory in August 2013 as he battled through back surgeries from a week before the 2014 Masters until his most recent operation to fuse disks in his lower back a month ago.

In an update Friday on his website, Woods said the fusion surgery provided instant relief and that “I haven’t felt this good in years.”

It was the first time Woods has run into trouble off the golf course since he plowed his SUV into a tree and a fire hydrant outside his Windermere, Florida, home in the early morning after Thanksgiving in 2009, which led to revelations that he had multiple extramarital affairs.

A police report then showed that a Florida trooper who suspected Woods was driving under the influence sought a subpoena for the golfer’s blood test results from the hospital, but prosecutors rejected the petition for insufficient information.

A witness, who wasn’t identified in the report, told the trooper he had been drinking alcohol earlier. The same witness also said Woods had been prescribed two drugs, the sleep aid Ambien and the painkiller Vicodin. The report did not say who the witness was but added it was the same person who pulled Woods from the vehicle after the accident. Woods’ wife has told police that she used a golf club to smash the back windows of the Cadillac Escalade to help her husband out.

He eventually was cited for careless driving and fined $164.

Woods and wife Elin Nordegren divorced in August 2010. He later had a relationship with Olympic ski champion Lindsey Vonn from 2013 that lasted two years.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: palm beach county sheriffs office
Keywords: news, games, cnbc, companies, woods, witness, jail, arrest, florida, tiger, driving, suspicion, arrested, golf, report, tour, county, drunk


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Airline liveries use Star Wars, cartoons and nature as decorations

You aren’t seeing things: That really is R2-D2 on that plane. The colors, logos and designs that adorn commercial aircraft play an important role in promoting a company’s brand. A carrier’s official livery is normally applied fleet-wide, yet some companies decorate planes with temporary paint jobs that celebrate a milestone, a partnership, or a special occasion. Featured below are a handful of the more festive decals that CNBC noticed flying the friendly skies.


You aren’t seeing things: That really is R2-D2 on that plane. The colors, logos and designs that adorn commercial aircraft play an important role in promoting a company’s brand. A carrier’s official livery is normally applied fleet-wide, yet some companies decorate planes with temporary paint jobs that celebrate a milestone, a partnership, or a special occasion. Featured below are a handful of the more festive decals that CNBC noticed flying the friendly skies.
Airline liveries use Star Wars, cartoons and nature as decorations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: harriet baskas, special to cnbccom, source, alaska airlines, brussels airlines, eva air
Keywords: news, games, cnbc, companies, promoting, nature, special, skies, cartoons, play, temporary, star, decorations, things, seeing, role, really, r2d2, wars, airline, liveries


Airline liveries use Star Wars, cartoons and nature as decorations

You aren’t seeing things: That really is R2-D2 on that plane.

The colors, logos and designs that adorn commercial aircraft play an important role in promoting a company’s brand. A carrier’s official livery is normally applied fleet-wide, yet some companies decorate planes with temporary paint jobs that celebrate a milestone, a partnership, or a special occasion.

Featured below are a handful of the more festive decals that CNBC noticed flying the friendly skies.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: harriet baskas, special to cnbccom, source, alaska airlines, brussels airlines, eva air
Keywords: news, games, cnbc, companies, promoting, nature, special, skies, cartoons, play, temporary, star, decorations, things, seeing, role, really, r2d2, wars, airline, liveries


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Video game sales ease from record high in April

Digital video game sales pulled back slightly in April after striking a record high in the previous month, as seasonal factors set in and some high-flying titles got their wings clipped. Global revenues from video games downloaded to PCs and consoles or played online totaled $7.7 billion last month, down from an all-time high of $8 billion in March, analysis by gaming intelligence firm SuperData shows. March is a historically strong period for digital games, so it’s natural for revenues to tick


Digital video game sales pulled back slightly in April after striking a record high in the previous month, as seasonal factors set in and some high-flying titles got their wings clipped. Global revenues from video games downloaded to PCs and consoles or played online totaled $7.7 billion last month, down from an all-time high of $8 billion in March, analysis by gaming intelligence firm SuperData shows. March is a historically strong period for digital games, so it’s natural for revenues to tick
Video game sales ease from record high in April Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: tom dichristopher, david m benett, getty images
Keywords: news, games, cnbc, companies, ease, high, superdata, van, strong, game, games, mobile, dreunen, digital, video, sales, record, titles


Video game sales ease from record high in April

Digital video game sales pulled back slightly in April after striking a record high in the previous month, as seasonal factors set in and some high-flying titles got their wings clipped.

Global revenues from video games downloaded to PCs and consoles or played online totaled $7.7 billion last month, down from an all-time high of $8 billion in March, analysis by gaming intelligence firm SuperData shows. Despite the sequential slowdown, April’s haul marked a 9 percent uptick from a year ago.

The figures did not reflect games bought in stores.

March is a historically strong period for digital games, so it’s natural for revenues to tick down in April, SuperData CEO Joost van Dreunen told CNBC.

Sales usually pick back up during the back-to-school period in August and September, but van Dreunen says this summer’s figures may be particularly strong as developers look to build on the success of “Pokemon Go.” The smash hit forced gamers to head outside to hunt down digital critters linked to real world locations.

“That really blew people away. You’re going to start seeing more of that. People are going to try to copy that formula,” he said.

Another trend to watch, according to van Dreunen are Chinese mobile developers looking to crack the U.S. market with their sophisticated mobile games that play more like PC titles. One such title is “Honor of Kings” from Chinese Internet and media giant Tencent, which was the seventh highest grossing mobile game in April.

The mobile segment posted 8 percent sales growth in April, helping to offset slight revenue declines in premium PC and pay-to-play online titles, console downloads and social media-based games.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: tom dichristopher, david m benett, getty images
Keywords: news, games, cnbc, companies, ease, high, superdata, van, strong, game, games, mobile, dreunen, digital, video, sales, record, titles


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ECB waiting for new data but overall extraordinary monetary policy needs to stay

The European Central Bank is set to receive updated data when it meets next month, but according to its president, it is not yet time to tighten monetary policy. “Overall, we remain firmly convinced that an extraordinary amount of monetary policy support, including through our forward guidance, is still necessary for the present level of underutilized resources to be re-absorbed and for inflation to return to and durably stabilize around levels close to 2 percent within a meaningful medium-term


The European Central Bank is set to receive updated data when it meets next month, but according to its president, it is not yet time to tighten monetary policy. “Overall, we remain firmly convinced that an extraordinary amount of monetary policy support, including through our forward guidance, is still necessary for the present level of underutilized resources to be re-absorbed and for inflation to return to and durably stabilize around levels close to 2 percent within a meaningful medium-term
ECB waiting for new data but overall extraordinary monetary policy needs to stay Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: silvia amaro, alex kraus, bloomberg via getty images
Keywords: news, games, cnbc, companies, policy, monetary, draghi, zone, debt, data, bank, update, central, extraordinary, stay, ecb, support, waiting, needs, overall


ECB waiting for new data but overall extraordinary monetary policy needs to stay

The European Central Bank is set to receive updated data when it meets next month, but according to its president, it is not yet time to tighten monetary policy.

“At its June monetary policy meeting the Governing Council will receive an update of the staff projections and a more complete information set on which it will be able to formulate its judgement on the distribution of risks around the most likely outlook for growth and inflation,” ECB President Mario Draghi told a parliamentary hearing in Brussels on Monday.

“Overall, we remain firmly convinced that an extraordinary amount of monetary policy support, including through our forward guidance, is still necessary for the present level of underutilized resources to be re-absorbed and for inflation to return to and durably stabilize around levels close to 2 percent within a meaningful medium-term horizon,” he said.

The euro zone has been growing for many consecutive quarters, reaching a real GDP growth pace of 1.7 percent year-on-year in the first quarter of this year. At the same time, unemployment has fallen and business sentiment hit a six-year high. However, the bank sees problems with domestic costs, which are still to low to support durable inflation.

Some analysts expect the ECB to update its tone towards monetary policy over the summer given the upbeat data over the last quarters.

The central bank’s next meeting is on June 8.

Brexit & Greece

Speaking to European lawmakers, Draghi stated that the central bank is preparing internally for Brexit and is in touch with all of the financial institutions who are seeking to move some of their operations to the euro zone from the City of London.

He acknowledged, however, that such a transition raises the risk of “supervisory fragmentation”.

Meanwhile, when asked when Greek bonds will be included in the ECB’s quantitative easing program, Draghi said that first, it’s important to overcome the impasse over Greece’s debt burden.

“Let’s find debt measures that will make debt more sustainable,” he said.

For the moment, Greek bonds cannot be purchased by the ECB because they are considered junk by credit rating agencies.

Follow CNBC International on Twitter and Facebook.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: silvia amaro, alex kraus, bloomberg via getty images
Keywords: news, games, cnbc, companies, policy, monetary, draghi, zone, debt, data, bank, update, central, extraordinary, stay, ecb, support, waiting, needs, overall


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BA battles third day of disruption, image blow after IT meltdown

British Airways was battling its third day of disruption on Monday after a global computer system failure stranded thousands of passengers over a holiday weekend and turned into a public relations disaster. The airline said it was running a full schedule at London’s Gatwick airport on Monday and planned to operate all its long-haul flights from Heathrow, although some short-haul flights had been cancelled. Some stranded passengers curled up under blankets on the floor or slumped on luggage troll


British Airways was battling its third day of disruption on Monday after a global computer system failure stranded thousands of passengers over a holiday weekend and turned into a public relations disaster. The airline said it was running a full schedule at London’s Gatwick airport on Monday and planned to operate all its long-haul flights from Heathrow, although some short-haul flights had been cancelled. Some stranded passengers curled up under blankets on the floor or slumped on luggage troll
BA battles third day of disruption, image blow after IT meltdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: jack taylor
Keywords: news, games, cnbc, companies, disruption, million, stranded, cost, gatwick, passengers, meltdown, ba, operations, blow, heathrow, image, flights, day, battles


BA battles third day of disruption, image blow after IT meltdown

British Airways was battling its third day of disruption on Monday after a global computer system failure stranded thousands of passengers over a holiday weekend and turned into a public relations disaster.

The airline said it was running a full schedule at London’s Gatwick airport on Monday and planned to operate all its long-haul flights from Heathrow, although some short-haul flights had been cancelled.

BA had been forced to cancel all its flights from Heathrow, Europe’s busiest airport, and Gatwick on Saturday after a power supply problem disrupted its operations worldwide and also hit its call centres and website.

The disruption continued on Sunday. Some stranded passengers curled up under blankets on the floor or slumped on luggage trolleys, images that played prominently in the media at the start of a week when schools were on holiday.

“Apologises all well and good but not enough. BA has lost another loyal customer #disgraceful,” tweeted Tom Callway, who had been due to fly to Budapest.

Spanish-listed shares of parent company IAG, which also owns carriers Iberia, Aer Lingus and Vueling, dropped 2.7 percent on Monday after the outage.

Davy analyst Stephen Furlong said the cost to the carrier of cancelling one day of operations was around 30 million pounds ($38.5 million) in revenue and 4 million in operating profit.

On top of that, the airline will pay compensation to customers for the delays, though he added it looked likely to be a one-off cost which would be limited given the resumption of flights on Sunday and Monday.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: jack taylor
Keywords: news, games, cnbc, companies, disruption, million, stranded, cost, gatwick, passengers, meltdown, ba, operations, blow, heathrow, image, flights, day, battles


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Philippines military says close to defeating Islamist rebels

The Philippines military said on Monday it was close to retaking a southern city held for a seventh day by Islamist militants, as helicopters unleashed more rockets on positions held by the rebels aligned with Islamic State. The military said the rebels may be getting help from “sympathetic elements”and fighters they had freed from jail during the rampage that started on Tuesday and caught the military by surprise. The military said the Maute group was still present in nine of the city’s 96 Bara


The Philippines military said on Monday it was close to retaking a southern city held for a seventh day by Islamist militants, as helicopters unleashed more rockets on positions held by the rebels aligned with Islamic State. The military said the rebels may be getting help from “sympathetic elements”and fighters they had freed from jail during the rampage that started on Tuesday and caught the military by surprise. The military said the Maute group was still present in nine of the city’s 96 Bara
Philippines military says close to defeating Islamist rebels Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: lean daval jr
Keywords: news, games, cnbc, companies, marawi, philippines, military, maute, militants, rebels, taken, state, air, defeating, islamist, islamic, close, city


Philippines military says close to defeating Islamist rebels

The Philippines military said on Monday it was close to retaking a southern city held for a seventh day by Islamist militants, as helicopters unleashed more rockets on positions held by the rebels aligned with Islamic State.

The clashes in Marawi city with the Maute militia, a group hardly known a year ago, has become the biggest security challenge of Rodrigo Duterte’s 11-month presidency, with gunmen resisting air and ground assaults and still in control of central parts of a city of 200,000 people.

The military said the rebels may be getting help from “sympathetic elements”and fighters they had freed from jail during the rampage that started on Tuesday and caught the military by surprise.

“Our ground commanders have assured that the end is almost there,” military spokesman, Restituto Padilla told reporters.

“We can control who comes in and who comes out, who moves around and who doesn’t. And we’re trying to isolate all these pockets of resistance.”

More than 100 people have been killed, most of them militants, according to the military, and most of the city’s residents have fled.

The military said the Maute group was still present in nine of the city’s 96 Barangays, or communities.

The Maute group’s ability to fight off the military for so long will add to fears that Islamic State’s radical ideology is spreading in the southern Philippines and it could become a haven for militants from Indonesia, Malaysia and beyond.

The government believes the Maute carried out their assault before the Muslim holy month of Ramadan to capture the attention of Islamic State and earn recognition as a Southeast Asian affiliate.

The military’s estimates of the size of the rebel force and the extent of its occupation have fluctuated each day. It has maintained throughout that it is in full control of the situation and says supporters of the Maute were making exaggerated claims on social media.

According to witnesses, men with black headbands typical of Islamic State were seen on city streets in recent days. A photograph taken by a resident shows 10 men carrying assault rifles and dressed entirely in black.

A Reuters photographer saw an Islamic State flag in an oil drum in an abandoned street on Monday, where chickens roamed in front of damaged shops and homes.

LOCKDOWN

Iligan City, 38 km (24 miles) away, was overflowing with evacuees and was on lockdown over fears that fighters had sneaked out of Marawi by blending in with civilians.

“We don’t want what’s happening in Marawi to spill over in Iligan,” said Colonel Alex Aduca, chief of the Fourth Mechanized Infantry Battalion.

Sixty-one militants, 20 members of the security forces and 19 civilians have been killed since Tuesday, when Maute rebels went on the rampage after a botched military operation to arrest Isnilon Hapilon, who the government believes is a point man for Islamic State in the Philippines.

Some troops tried to eliminate Maute snipers on Monday as others guarded deserted streets, taken back block-by-block.

Helicopters circled the lakeside city and smoke poured out of some buildings. Artillery explosions echoed.

Though most people have left, thousands are stranded, worried they could be intercepted by militants at checkpoints on routes out of the city.

There were still bodies of civilians in Marawi and residents urged the military to halt air strikes, said Zia Alonto Adiong, a politician involved in evacuation efforts.

“The anticipation of death is worse than death itself,” he told news channel ANC. “We appeal to our military forces to do a different approach.”

The military said air strikes were taken on “known and verified enemy positions”.

“We are using precision ammunition in our surgical air strikes,” said another army spokesman, Colonal Edgard Arevalo. “We have highly skilled and trained pilots delivering the payload.”

Bodies of what appeared to be executed civilians were found in a ravine outside Marawi on Sunday as the crisis took a more sinister turn. Most of the eight men were shot in the head and some had bound hands.

Duterte imposed martial law last week on Mindanao, an island of 22 million people where both Marawi and Iligan are located, to quell the unrest and wipe out militancy.

He made an unconventional offer on Saturday to Muslim separatists and communist rebels to join his fight against extremists, and said he would give them the same pay and benefits as government troops.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: lean daval jr
Keywords: news, games, cnbc, companies, marawi, philippines, military, maute, militants, rebels, taken, state, air, defeating, islamist, islamic, close, city


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Op-Ed: Bitcoin is more akin to the Nasdaq than gold and is not a safe haven asset

Just to be clear, if you bought $100 worth of bitcoin in 2010 when it was worth 0.003 cents each, you’d be sitting on over $88 million. But for regular investors in bitcoin – those not heavily involved in the cryptocurrency world – bitcoin has often got a confusing reputation. I’ve never been a big believer in bitcoin as a safe haven asset. However, a comparison on bitcoin’s performance over the past year against the Nasdaq – a tech-heavy stock index – and the typical safe-have asset of gold, sh


Just to be clear, if you bought $100 worth of bitcoin in 2010 when it was worth 0.003 cents each, you’d be sitting on over $88 million. But for regular investors in bitcoin – those not heavily involved in the cryptocurrency world – bitcoin has often got a confusing reputation. I’ve never been a big believer in bitcoin as a safe haven asset. However, a comparison on bitcoin’s performance over the past year against the Nasdaq – a tech-heavy stock index – and the typical safe-have asset of gold, sh
Op-Ed: Bitcoin is more akin to the Nasdaq than gold and is not a safe haven asset Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: arjun kharpal
Keywords: news, games, cnbc, companies, index, asset, worth, stock, cryptocurrency, record, bitcoin, lee, hit, nasdaq, oped, safe, gold, haven, akin


Op-Ed: Bitcoin is more akin to the Nasdaq than gold and is not a safe haven asset

“I wish I’d invested in bitcoin,” is a response I usually hear when I tell people how much they could have made off the cryptocurrency if they bought it at the start. Just to be clear, if you bought $100 worth of bitcoin in 2010 when it was worth 0.003 cents each, you’d be sitting on over $88 million.

It all sounds so easy. But for regular investors in bitcoin – those not heavily involved in the cryptocurrency world – bitcoin has often got a confusing reputation. It’s known to be highly volatile with wild price swings, but at the same time some, such as Bobby Lee, co-founder and chief executive of bitcoin exchange BTCC, have called it a safe-haven asset.

“When the existing money system has problems, people turn to bitcoin sort of like people used to go to gold in the old days,” Lee told CNBC in a recent interview.

I’ve never been a big believer in bitcoin as a safe haven asset. Sure it has got a touch of support when politics has been rocky. However, a comparison on bitcoin’s performance over the past year against the Nasdaq – a tech-heavy stock index – and the typical safe-have asset of gold, shows that the cryptocurrency has more in common with the former.

From around mid-June of 2016, both bitcoin and the Nasdaq have been on a steady climb higher with the stock index recently breaking the 6,000 point barrier and continuing to hit fresh record highs. And it appears there isn’t a day that goes by where bitcoin doesn’t hit a fresh record high.


Company: cnbc, Activity: cnbc, Date: 2017-05-29  Authors: arjun kharpal
Keywords: news, games, cnbc, companies, index, asset, worth, stock, cryptocurrency, record, bitcoin, lee, hit, nasdaq, oped, safe, gold, haven, akin


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