Bad press about the Middle East won’t stop me investing there, BlackRock’s Fink says

“The fact that there are issues in the press does not tell me I must run away from a place. Fink said he felt the power of the press was playing a good role in addressing issues in the Middle East and he was witnessing continued reform. And that is why long-term optimism is generally the right strategy for most investing over a long horizon,” Fink said. Nonetheless, BlackRock’s Fink said changes he had witnessed in the kingdom over the past few years had been “pretty amazing” and that a moderniz


“The fact that there are issues in the press does not tell me I must run away from a place. Fink said he felt the power of the press was playing a good role in addressing issues in the Middle East and he was witnessing continued reform. And that is why long-term optimism is generally the right strategy for most investing over a long horizon,” Fink said. Nonetheless, BlackRock’s Fink said changes he had witnessed in the kingdom over the past few years had been “pretty amazing” and that a moderniz
Bad press about the Middle East won’t stop me investing there, BlackRock’s Fink says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: david reid
Keywords: news, cnbc, companies, bad, east, investing, issues, fink, press, wont, inclusion, stop, blackrocks, region, run, middle, media, role


Bad press about the Middle East won't stop me investing there, BlackRock's Fink says

BlackRock CEO: We will play a role in working with domestic investors in Middle East 53 Mins Ago | 03:29

Negative media reports about the Middle East and the ruling authorities in the region are not a reason to end investment plans, according to the CEO of BlackRock.

“The fact that there are issues in the press does not tell me I must run away from a place. In many cases it tells me I should run to and invest because what we are most frightened of are things that we don’t talk about,” BlackRock Chief Executive Larry Fink told CNBC’s Hadley Gamble during a panel session in Riyadh, Saudi Arabia on Wednesday.

Fink said he felt the power of the press was playing a good role in addressing issues in the Middle East and he was witnessing continued reform.

“Most issues that are being addressed in the media are (being) mitigated. And that is why long-term optimism is generally the right strategy for most investing over a long horizon,” Fink said.

Saudi Arabia has come in for renewed criticism after it introduced an antiterrorism law in November 2017 that laid out lengthy prison terms for offenses linked to political and religious speech.

Authorities there have reportedly used the legislation to jail prominent women’s rights activists, journalists, and other government critics.

Nonetheless, BlackRock’s Fink said changes he had witnessed in the kingdom over the past few years had been “pretty amazing” and that a modernization across the wider Middle East was in place.

“I see governments willing to move forward. I see governments in the region focusing on how to widen financial inclusion and increase social inclusion,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: david reid
Keywords: news, cnbc, companies, bad, east, investing, issues, fink, press, wont, inclusion, stop, blackrocks, region, run, middle, media, role


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Leica says it wasn’t behind ad depicting Tiananmen Square protests

A promotional video for camera maker Leica showing photojournalists covering global conflicts — including the deadly Tiananmen Square protests in China in 1989 — has resulted in the company’s name being banned on Chinese social media and the marketer denying responsibility for the video. The ad was released by Brazilian ad agency F/Nazca Saatchi & Saatchi, according to the South China Morning Post. Leica told the Morning Post the video was not commissioned by the company. By Friday morning, the


A promotional video for camera maker Leica showing photojournalists covering global conflicts — including the deadly Tiananmen Square protests in China in 1989 — has resulted in the company’s name being banned on Chinese social media and the marketer denying responsibility for the video. The ad was released by Brazilian ad agency F/Nazca Saatchi & Saatchi, according to the South China Morning Post. Leica told the Morning Post the video was not commissioned by the company. By Friday morning, the
Leica says it wasn’t behind ad depicting Tiananmen Square protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: megan graham, source, leica
Keywords: news, cnbc, companies, china, chinese, square, agency, social, told, tiananmen, ad, protests, morning, media, depicting, video, wasnt, leica


Leica says it wasn't behind ad depicting Tiananmen Square protests

A promotional video for camera maker Leica showing photojournalists covering global conflicts — including the deadly Tiananmen Square protests in China in 1989 — has resulted in the company’s name being banned on Chinese social media and the marketer denying responsibility for the video.

The five-minute film is called “The Hunt.” It depicts photographers covering conflicts, including one capturing images of the “Tank Man,” who stood in front of a convoy of Chinese military tanks the day after the Tiananmen Square massacre in which Chinese military attacked pro-democracy demonstrators. That subject has been widely censored in China. The video concludes with the image of Leica’s logo.

The ad was released by Brazilian ad agency F/Nazca Saatchi & Saatchi, according to the South China Morning Post. The agency told the publication it had developed the film with Leica representatives in Brazil and said it “would never harm its huge reputation by creating, producing and airing a work without the proper approval of its client.”

The agency said it has worked with Leica in Brazil since 2012.

Leica told the Morning Post the video was not commissioned by the company. Leica and F/Nazca did not immediately respond for requests for comment from CNBC.

By Friday morning, the Chinese social media site Weibo had banned the word “Leica” in Mandarin and English.

Some social media posters wondered whether Chinese tech giant Huawei, which works with Leica on smartphone camera lenses, would be pulled into the controversy. Huawei declined to comment on the video.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: megan graham, source, leica
Keywords: news, cnbc, companies, china, chinese, square, agency, social, told, tiananmen, ad, protests, morning, media, depicting, video, wasnt, leica


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Pinterest is an advertising — not social media — company: Fund manager


Pinterest is an advertising — not social media — company: Fund manager Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18
Keywords: news, cnbc, companies, media, fund, advertising, company, social, manager, pinterest


Pinterest is an advertising — not social media — company: Fund manager


Company: cnbc, Activity: cnbc, Date: 2019-04-18
Keywords: news, cnbc, companies, media, fund, advertising, company, social, manager, pinterest


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Expert: Pinterest isn’t quite a social media company, but will be compared to them

Expert: Pinterest isn’t quite a social media company, but will be compared to them5 Hours AgoDoug Clinton of Loup Ventures and CNBC’s Leslie Picker and Deirdre Bosa join “The Exchange” to look at Pinterest after its first trades on Thursday.


Expert: Pinterest isn’t quite a social media company, but will be compared to them5 Hours AgoDoug Clinton of Loup Ventures and CNBC’s Leslie Picker and Deirdre Bosa join “The Exchange” to look at Pinterest after its first trades on Thursday.
Expert: Pinterest isn’t quite a social media company, but will be compared to them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18
Keywords: news, cnbc, companies, company, look, trades, social, loup, isnt, compared, ventures, them5, picker, media, expert, pinterest, quite


Expert: Pinterest isn't quite a social media company, but will be compared to them

Expert: Pinterest isn’t quite a social media company, but will be compared to them

5 Hours Ago

Doug Clinton of Loup Ventures and CNBC’s Leslie Picker and Deirdre Bosa join “The Exchange” to look at Pinterest after its first trades on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-04-18
Keywords: news, cnbc, companies, company, look, trades, social, loup, isnt, compared, ventures, them5, picker, media, expert, pinterest, quite


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Pinterest prices IPO at $19, valuing social media company at $10 billion

Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion. Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month. Still, Pinterest’s IPO is below the $12 bil


Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion. Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month. Still, Pinterest’s IPO is below the $12 bil
Pinterest prices IPO at $19, valuing social media company at $10 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: salvador rodriguez, justin sullivan, getty images news, getty images
Keywords: news, cnbc, companies, million, pinterests, pinterest, 19, tech, media, ipo, worth, stock, valuing, start, trading, social, billion, company, prices


Pinterest prices IPO at $19, valuing social media company at $10 billion

Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion.

Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month.

CNBC reported earlier on Wednesday that the company would price above the expected range. Pinterest’s revenue jumped 60% last year to $756 million, and the company moved significantly closer to profitability with a net loss of $63 million. Still, Pinterest’s IPO is below the $12 billion valuation it attained in a 2017 financing round.

Pinterest is among the first big tech IPOs of the year and is scheduled to start trading around the same time as videoconferencing company Zoom. Ride-hailing company Lyft was the first big offering to hit the market in March, but the stock has dropped 19 percent from its IPO price.

Founded in 2010 by Ben Silbermann, a former Google employee, and Evan Sharp, who was previously a designer at Facebook, Pinterest has grown to 265 million monthly users. The company burst into the mainstream in 2012 with rapid growth, but expansion has since cooled due in part to a work culture that many employees describe as slow when it comes to making decisions.

Silbermann’s stake is worth close to $1 billion at the offer price. Bessemer Ventures owns shares valued at $1.13 billion, while FirstMark’s holdings are worth $844 million and Andreessen Horowitz’s stake is worth $827 million.

Goldman Sachs and J.P. Morgan Chase are leading the offering.

Watch: Pinterest’s path forward


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: salvador rodriguez, justin sullivan, getty images news, getty images
Keywords: news, cnbc, companies, million, pinterests, pinterest, 19, tech, media, ipo, worth, stock, valuing, start, trading, social, billion, company, prices


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Social media firms told not to let children use the ‘like’ button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we


“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we
Social media firms told not to let children use the ‘like’ button in new UK proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, used, uk, techniques, online, media, told, services, privacy, data, ico, children, button, social, let, firms, proposals, users


Social media firms told not to let children use the 'like' button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added.

“Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. Or spend more time than they intend on a particular service.”

Using such techniques are “based on the exploitation of human psychological bias” and go against the General Data Protection Regulation (GDPR), a European data law that came into effect in May 2018, the ICO says.

It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as well as attract advertising. For example, Snapchat’s new ad-supported gaming platform was welcomed by advertisers as a way to increase the time spent on the app when parent company Snap announced new functions earlier this month.

The ICO’s document also makes the case for social media firms to have location options off by default when children are using their apps, as well as make their services “high privacy” by default. The ICO also published research showing that teenagers would prefer higher privacy settings. “Everything should be set to private and then you can change it for what you want to share,” one teen said.

Under the U.K.’s Data Protection Act 2018, the ICO is required to produce a code of practice for online firms to follow when designing for children, including services that are likely to process their personal data. Companies that break the law face fines of up to £17 million ($22.3 million), or 4 percent of global turnover.

The draft code of practice is out for consultation until May 31 and is expected to come into effect before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, used, uk, techniques, online, media, told, services, privacy, data, ico, children, button, social, let, firms, proposals, users


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Social media firms told not to let children use the ‘like’ button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we


“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we
Social media firms told not to let children use the ‘like’ button in new UK proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, social, ico, users, proposals, told, firms, data, uk, children, services, online, used, techniques, privacy, media, button, let


Social media firms told not to let children use the 'like' button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added.

“Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. Or spend more time than they intend on a particular service.”

Using such techniques are “based on the exploitation of human psychological bias” and go against the General Data Protection Regulation (GDPR), a European data law that came into effect in May 2018, the ICO says.

It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as well as attract advertising. For example, Snapchat’s new ad-supported gaming platform was welcomed by advertisers as a way to increase the time spent on the app when parent company Snap announced new functions earlier this month.

The ICO’s document also makes the case for social media firms to have location options off by default when children are using their apps, as well as make their services “high privacy” by default. The ICO also published research showing that teenagers would prefer higher privacy settings. “Everything should be set to private and then you can change it for what you want to share,” one teen said.

Under the U.K.’s Data Protection Act 2018, the ICO is required to produce a code of practice for online firms to follow when designing for children, including services that are likely to process their personal data. Companies that break the law face fines of up to £17 million ($22.3 million), or 4 percent of global turnover.

The draft code of practice is out for consultation until May 31 and is expected to come into effect before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, social, ico, users, proposals, told, firms, data, uk, children, services, online, used, techniques, privacy, media, button, let


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Facebook, Instagram, WhatsApp suffer hours-long outage in US, Europe

Facebook, Instagram and WhatsApp were down Sunday. All three social media platforms, including Facebook Messenger, were not loading as of early Sunday morning. Downdetector.com, a site that monitors site outages, shows Facebook was down since 6:30 a.m. EST in much of the world, with thousands of reported outages concentrated in northeastern U.S., Europe and the Philippines. An email requesting comment about the outage was sent to Facebook and Instagram. There are more than 1.52 billion daily act


Facebook, Instagram and WhatsApp were down Sunday. All three social media platforms, including Facebook Messenger, were not loading as of early Sunday morning. Downdetector.com, a site that monitors site outages, shows Facebook was down since 6:30 a.m. EST in much of the world, with thousands of reported outages concentrated in northeastern U.S., Europe and the Philippines. An email requesting comment about the outage was sent to Facebook and Instagram. There are more than 1.52 billion daily act
Facebook, Instagram, WhatsApp suffer hours-long outage in US, Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: chesnot, getty images
Keywords: news, cnbc, companies, site, hourslong, platforms, europe, social, media, suffer, outage, whatsapp, instagram, facebook, users, outages


Facebook, Instagram, WhatsApp suffer hours-long outage in US, Europe

Facebook, Instagram and WhatsApp were down Sunday.

All three social media platforms, including Facebook Messenger, were not loading as of early Sunday morning.

Downdetector.com, a site that monitors site outages, shows Facebook was down since 6:30 a.m. EST in much of the world, with thousands of reported outages concentrated in northeastern U.S., Europe and the Philippines.

Facebook appeared to be back up and running for most users by 9 a.m. EST.

It was not immediately clear what caused the outage or how long the platforms would be down.

An email requesting comment about the outage was sent to Facebook and Instagram.

#FacebookDown, #instagramdown and #whatsappdown were all trending on Twitter globally.

Facebook acquired Instagram in 2012 and WhatsApp in 2014.

There are more than 1.52 billion daily active Facebook users, according to the social media network’s website.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: chesnot, getty images
Keywords: news, cnbc, companies, site, hourslong, platforms, europe, social, media, suffer, outage, whatsapp, instagram, facebook, users, outages


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Disney+ just put a lot of pressure on Apple’s streaming video service

Disney shocked the tech and media worlds on Thursday when it announced that its streaming video subscription would cost $6.99 per month or $69.99 per year — significantly less than Netflix or Amazon Prime currently cost. But the company that might need to make the most changes in response to the Disney+ product is Apple. Last month Apple said that it will release its streaming video service, Apple TV+, this fall. The subscription service will include exclusive original shows, movies and document


Disney shocked the tech and media worlds on Thursday when it announced that its streaming video subscription would cost $6.99 per month or $69.99 per year — significantly less than Netflix or Amazon Prime currently cost. But the company that might need to make the most changes in response to the Disney+ product is Apple. Last month Apple said that it will release its streaming video service, Apple TV+, this fall. The subscription service will include exclusive original shows, movies and document
Disney+ just put a lot of pressure on Apple’s streaming video service Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: kif leswing, getty images
Keywords: news, cnbc, companies, movies, service, video, apples, shows, pressure, media, lot, streaming, subscription, disney, month, apple


Disney+ just put a lot of pressure on Apple's streaming video service

Disney shocked the tech and media worlds on Thursday when it announced that its streaming video subscription would cost $6.99 per month or $69.99 per year — significantly less than Netflix or Amazon Prime currently cost. There were gasps at Disney’s launch event when it revealed the price.

But the company that might need to make the most changes in response to the Disney+ product is Apple.

Last month Apple said that it will release its streaming video service, Apple TV+, this fall. The subscription service will include exclusive original shows, movies and documentaries produced by Apple. The company is spending billions of dollars on stars like Oprah Winfrey, Steve Carell, Jennifer Aniston and Steven Spielberg.

But no matter how well Apple’s shows and movies end up being received, there’s no way that it can compete with the lineup of content that Disney has assembled for Disney+, which will put pressure on Apple to undercut Disney’s price or give its shows away for free, as was once the company’s strategy, CNBC first reported in October.

“While there is uncertainty in the broader media landscape … we believe Disney is in the best position to succeed given its unmatched arsenal of content, well recognized global brand and impressive marketing arm,” J.P. Morgan analyst Alexia Quadrani wrote in a note distributed Friday.


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: kif leswing, getty images
Keywords: news, cnbc, companies, movies, service, video, apples, shows, pressure, media, lot, streaming, subscription, disney, month, apple


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The Assange indictment shows how hard it is to protect classified information in the modern era

Assange also allegedly provided support to Manning, and encouraged her to keep leaking terabytes of information even after she said she couldn’t access any more. The indictment also outlines an alleged “password cracking agreement,” in which Assange helped Manning find sensitive passwords and attempt to crack them, in order to give her greater access to classified information. These are the basis of charges that Assange conspired to hack government computers and steal classified information. Ass


Assange also allegedly provided support to Manning, and encouraged her to keep leaking terabytes of information even after she said she couldn’t access any more. The indictment also outlines an alleged “password cracking agreement,” in which Assange helped Manning find sensitive passwords and attempt to crack them, in order to give her greater access to classified information. These are the basis of charges that Assange conspired to hack government computers and steal classified information. Ass
The Assange indictment shows how hard it is to protect classified information in the modern era Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: kate fazzini, henry nicholls
Keywords: news, cnbc, companies, modern, shows, helped, era, 2010, data, media, manning, allegedly, classified, assange, indictment, protect, diplomatic, hard, wikileaks, information


The Assange indictment shows how hard it is to protect classified information in the modern era

The indictment describes a relationship that ran from January to May 2010. During that time, Chelsea Manning, an Army intelligence analyst then known as Bradley Manning, sent “nearly complete” databases from U.S. government agencies to Wikileaks at Assange’s request. The data included 90,000 Afghan war reports, 400,000 Iraq war reports, 800 assessment briefs of prisoners at Guantanamo Bay and 250,000 diplomatic cables.

Assange also allegedly provided support to Manning, and encouraged her to keep leaking terabytes of information even after she said she couldn’t access any more.

Assange is alleged to have helped Manning break a password associated with the U.S. government’s Secret Internet Protocol Network, encouraged Manning to provide various records and information from several different departments and helped Manning conceal her identity while doing it.

The indictment also outlines an alleged “password cracking agreement,” in which Assange helped Manning find sensitive passwords and attempt to crack them, in order to give her greater access to classified information. For this, Manning used a Linux-based software tool, the Justice Department alleges, though it’s unclear where Manning obtained the software.

These are the basis of charges that Assange conspired to hack government computers and steal classified information.

Assange also allegedly pushed Manning for more information.

“After this upload, that’s all I really have got left,” Manning allegedly said in early 2010 after the initial leaks.

“Curious eyes never run dry in my experience,” Assange replied, according to the indictment.

The army arrested Manning for the leaks in July 2010. Wikileaks publicly released the data starting later that year.

Assange used the diplomatic cables to take U.S. government officials and media outlets on a months-long ride, involving promises of massive file dumps, allegedly damaging data held as “insurance,” and various other teases throughout 2010. The data dumps provided Wikileaks with significant media attention and caused diplomatic headaches and long-lasting repercussions in the relationships between the U.S. and its European allies.

Manning has said she leaked the information to Wikileaks because of grave concerns that media and government portrayals of success in Iraq and Afghanistan were a stark contrast to the starker, uglier reality she had been observing in her Army role.

At her sentencing in August 2013, she said, “When I made these decisions I believed I was going to help people, not hurt people. At the time of my decisions I was dealing with a lot of issues.” She was sentenced to 35 years in prison.

Throughout her court martial, Manning was often described by her attorneys as “emotionally fragile,” and she said she became involved with Wikileaks staffers because they sympathized with her personally and made her feel like she could “be myself.” Manning has so far fought a subpoena to testify in the case against Assange.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: kate fazzini, henry nicholls
Keywords: news, cnbc, companies, modern, shows, helped, era, 2010, data, media, manning, allegedly, classified, assange, indictment, protect, diplomatic, hard, wikileaks, information


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