Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture

Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn plan to set up a joint venture to build electric cars and develop internet-connected vehicles, the two groups said. Fiat Chrysler (FCA) confirmed on Friday it was in talks with Hon Hai on the potential creation of a 50-50 joint venture to develop and manufacture new generation battery electric vehicles in China and engage in the IoV, or ‘Internet of Vehicles,’ business. The Italian-American carmaker is looking to


Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn plan to set up a joint venture to build electric cars and develop internet-connected vehicles, the two groups said.
Fiat Chrysler (FCA) confirmed on Friday it was in talks with Hon Hai on the potential creation of a 50-50 joint venture to develop and manufacture new generation battery electric vehicles in China and engage in the IoV, or ‘Internet of Vehicles,’ business.
The Italian-American carmaker is looking to
Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17
Keywords: news, cnbc, companies, statement, plan, set, chrysler, fiat, electric, potential, chinese, vehicle, italianamerican, hon, foxconn, vehicles, parent, venture, hai, joint


Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture

Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn plan to set up a joint venture to build electric cars and develop internet-connected vehicles, the two groups said.

Fiat Chrysler (FCA) confirmed on Friday it was in talks with Hon Hai on the potential creation of a 50-50 joint venture to develop and manufacture new generation battery electric vehicles in China and engage in the IoV, or ‘Internet of Vehicles,’ business.

The Italian-American carmaker is looking to make up ground in the battery-powered vehicle space and is set to launch its first full-electric model — the 500 small car — this year.

FCA’s statement came after Taiwan’s Hon Hai — the parent of Foxconn, the Chinese assembler of Apple iPhones — announced the potential joint venture in a separate statement.


Company: cnbc, Activity: cnbc, Date: 2020-01-17
Keywords: news, cnbc, companies, statement, plan, set, chrysler, fiat, electric, potential, chinese, vehicle, italianamerican, hon, foxconn, vehicles, parent, venture, hai, joint


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Democratic Rep. Ann Kirkpatrick is taking time off to treat alcoholism

Then Rep.-elect Ann Kirkpatrick, D-Ariz., arrives for New Member Orientation at the Courtyard Marriott in SE, on November 13, 2018. Democratic Rep. Ann Kirkpatrick is taking time off from her role in Congress to treat alcoholism, she said in a written statement on Wednesday. The fall was serious, but with physical therapy I will fully recover,” Kirkpatrick said in the statement. Beginning next week, I will receive treatment that I have struggled to ask for, to treat my alcohol dependence,” she a


Then Rep.-elect Ann Kirkpatrick, D-Ariz., arrives for New Member Orientation at the Courtyard Marriott in SE, on November 13, 2018.
Democratic Rep. Ann Kirkpatrick is taking time off from her role in Congress to treat alcoholism, she said in a written statement on Wednesday.
The fall was serious, but with physical therapy I will fully recover,” Kirkpatrick said in the statement.
Beginning next week, I will receive treatment that I have struggled to ask for, to treat my alcohol dependence,” she a
Democratic Rep. Ann Kirkpatrick is taking time off to treat alcoholism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: yelena dzhanova
Keywords: news, cnbc, companies, statement, democratic, congressional, fall, week, ann, reelection, member, alcoholism, treat, taking, kirkpatrick, office, rep, physical


Democratic Rep. Ann Kirkpatrick is taking time off to treat alcoholism

Then Rep.-elect Ann Kirkpatrick, D-Ariz., arrives for New Member Orientation at the Courtyard Marriott in SE, on November 13, 2018.

Democratic Rep. Ann Kirkpatrick is taking time off from her role in Congress to treat alcoholism, she said in a written statement on Wednesday.

The Arizona representative has been absent from Congress since last week after a fall that resulted in an injury, for which she said she will attend physical therapy.

The fall, she said, was the result of her addiction to alcohol.

“I sincerely thank the many people who have reached out in support after my accident last week. The fall was serious, but with physical therapy I will fully recover,” Kirkpatrick said in the statement.

“I do, however, have another challenge I must face, which was the underlying cause of my fall. Beginning next week, I will receive treatment that I have struggled to ask for, to treat my alcohol dependence,” she added.

A spokesperson for her office told CNBC she will be “out of the office for a few weeks.”

But the congresswoman noted in the statement that it will be business as usual for her staff.

“During my absence, my congressional offices in Washington and Arizona will be fully operational, processing all constituent requests, meetings, activities and correspondence,” she said.

“My positions on all recorded votes will be submitted to the Congressional Record and made publicly available,” she added.

Kirkpatrick won re-election to Arizona’s 2nd Congressional District in 2018, defeating Republican challenger Lea Marquez Peterson with 54.7% of the vote. Kirkpatrick, like every House member, is up for re-election in 2020.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: yelena dzhanova
Keywords: news, cnbc, companies, statement, democratic, congressional, fall, week, ann, reelection, member, alcoholism, treat, taking, kirkpatrick, office, rep, physical


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Europeans trigger dispute mechanism in urgent bid to save Iran nuclear deal

Getty ImagesAfter more than 18 months of sticking up for the Iran nuclear deal after the U.S. administration left it in May 2018, European Union signatories have triggered a dispute mechanism in the accord over Tehran’s suspension of compliance. The motion does not reimpose sanctions; rather, it appears to allow the E3 to officially “register our concerns” that Iran is not meeting its commitments under the deal. Still no sanctions”We do not accept the argument that Iran is entitled to reduce com


Getty ImagesAfter more than 18 months of sticking up for the Iran nuclear deal after the U.S. administration left it in May 2018, European Union signatories have triggered a dispute mechanism in the accord over Tehran’s suspension of compliance.
The motion does not reimpose sanctions; rather, it appears to allow the E3 to officially “register our concerns” that Iran is not meeting its commitments under the deal.
Still no sanctions”We do not accept the argument that Iran is entitled to reduce com
Europeans trigger dispute mechanism in urgent bid to save Iran nuclear deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: natasha turak
Keywords: news, cnbc, companies, urgent, dispute, sanctions, joint, bid, jcpoa, deal, trigger, mechanism, iran, compliance, europeans, save, statement, nuclear


Europeans trigger dispute mechanism in urgent bid to save Iran nuclear deal

This handout image supplied by the IIPA (Iran International Photo Agency) shows a view of the reactor building at the Russian-built Bushehr nuclear power plant as the first fuel is loaded, on August 21, 2010 in Bushehr, southern Iran. Getty Images

After more than 18 months of sticking up for the Iran nuclear deal after the U.S. administration left it in May 2018, European Union signatories have triggered a dispute mechanism in the accord over Tehran’s suspension of compliance. France, Germany and the U.K. (the E3) in a joint statement informed the EU on Tuesday that they had set off the mechanism, which they say is aimed at saving the deal, also known as the JCPOA (Joint Comprehensive Plan of Action). The motion does not reimpose sanctions; rather, it appears to allow the E3 to officially “register our concerns” that Iran is not meeting its commitments under the deal. What concrete consequences the mechanism actually has is unclear.

Still no sanctions

“We do not accept the argument that Iran is entitled to reduce compliance with the JCPoA,” the statement read. “Iran’s actions are inconsistent with the provisions of the nuclear agreement and have increasingly severe and non-reversible proliferation implications.” The statement went on to say that the E3 “have therefore been left with no choice, given Iran’s actions, but to register today our concerns that Iran is not meeting its commitments under the JCPoA and to refer this matter to the Joint Commission under the Dispute Resolution Mechanism” set out in the agreement. At the same time, the three countries stressed their commitment to upholding the deal and their desire for a diplomatic solution.

“The E3 remain fully committed to this diplomatic effort and intend to resume it as soon as conditions allow,” the statement said, stressing the countries’ “objective of preserving the JCPoA” and “sincere hope of finding a way forward to resolve the impasse through constructive diplomatic dialogue,” while remaining in the deal’s framework. In doing so, the statement added, “our three countries are not joining a campaign to implement maximum pressure against Iran.” EU ministers have long threatened to re-impose sanctions or “consequences” of some sort if Iran breaks its obligations under the deal, though critics have accused them of fecklessness after the threats failed to materialize despite months of incremental deal breaches from Tehran.

Iran increasing enrichment and centrifuges

The news comes after Tehran’s series of progressive rollbacks in compliance over the last year to the multilateral 2015 agreement that was meant to keep Iran’s nuclear program in check. Iran has pledged to return to higher levels of uranium enrichment in response to intensified U.S. sanctions, and in early January announced it was dropping all obligations to the deal — including limits on its number of nuclear centrifuges — in the wake of the U.S. killing of top Iranian general Qasem Soleimani. Iranian officials noted that the country would still work with International Atomic Energy Agency inspectors, and held that while compliance was suspended, the deal was not officially dead and that the rollbacks could be reversed if heavy U.S. sanctions on the country were lifted.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: natasha turak
Keywords: news, cnbc, companies, urgent, dispute, sanctions, joint, bid, jcpoa, deal, trigger, mechanism, iran, compliance, europeans, save, statement, nuclear


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For Jamie Dimon, retirement from JP Morgan is always five years away

For years, Jamie Dimon had a running joke: Ask him when he was going to step down from J.P. Morgan Chase, and the answer was always five years in the future, no matter when the question was asked. Fast forward to now: Dimon appeared uncommitted to that timing when CNBC asked him about it in a Tuesday media call. He built J.P. Morgan into the biggest U.S. bank after the financial crisis, the industry’s 800-pound gorilla across Main Street and Wall Street. The company is fresh off the most profita


For years, Jamie Dimon had a running joke: Ask him when he was going to step down from J.P. Morgan Chase, and the answer was always five years in the future, no matter when the question was asked.
Fast forward to now: Dimon appeared uncommitted to that timing when CNBC asked him about it in a Tuesday media call.
He built J.P. Morgan into the biggest U.S. bank after the financial crisis, the industry’s 800-pound gorilla across Main Street and Wall Street.
The company is fresh off the most profita
For Jamie Dimon, retirement from JP Morgan is always five years away Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: hugh son
Keywords: news, cnbc, companies, dimon, street, financial, lead, away, retirement, bank, statement, jamie, deputies, step, morgan


For Jamie Dimon, retirement from JP Morgan is always five years away

For years, Jamie Dimon had a running joke: Ask him when he was going to step down from J.P. Morgan Chase, and the answer was always five years in the future, no matter when the question was asked.

But two years ago, Dimon said in a press release that he would continue as CEO “for approximately five more years” as the bank appointed a pair of co-presidents who could step in for him if needed.

Fast forward to now: Dimon appeared uncommitted to that timing when CNBC asked him about it in a Tuesday media call.

“My statement stays the same, it’s five years,” Dimon said. “When and if we ever set an actual retirement date, we’ll let you know.”

It’s understandable that Dimon, 63, doesn’t want to think about stepping down right now. He built J.P. Morgan into the biggest U.S. bank after the financial crisis, the industry’s 800-pound gorilla across Main Street and Wall Street. The company is fresh off the most profitable year of any bank in history, and J.P. Morgan is currently among the most richly valued of the big lenders after surging about 40% last year.

But one reason the bank made that January 2018 statement was to allay fears that talented deputies would leave in frustration, a critique given in the past. Dimon’s deputies have gone on to lead banks and financial firms around the world, most recently at Wells Fargo.

A spokesman for J.P. Morgan said that the bank’s board has the ultimate say on when Dimon retires and noted that the 2018 statement was an approximation.

Dimon’s rival at Bank of America, Brian Moynihan, 60, has said he wants to lead his firm for as long as possible, pointing to 89-year-old Warren Buffett at Berkshire Hathaway.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: hugh son
Keywords: news, cnbc, companies, dimon, street, financial, lead, away, retirement, bank, statement, jamie, deputies, step, morgan


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Iran admits to ‘unintentionally’ shooting down Ukrainian airliner, blames ‘human error’

ABU DHABI, United Arab Emirates — Iran’s military early Saturday morning announced its role in the downing of a Ukrainian passenger jet that killed all 176 people on board, saying the shootdown was “unintentional” and blaming “human error.” Those attacks caused no casualties. “Armed Forces’ internal investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the Ukrainian plane & death of 176 innocent people,” Rouhani’s tweet said. Iranian Foreign


ABU DHABI, United Arab Emirates — Iran’s military early Saturday morning announced its role in the downing of a Ukrainian passenger jet that killed all 176 people on board, saying the shootdown was “unintentional” and blaming “human error.”
Those attacks caused no casualties.
“Armed Forces’ internal investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the Ukrainian plane & death of 176 innocent people,” Rouhani’s tweet said.
Iranian Foreign
Iran admits to ‘unintentionally’ shooting down Ukrainian airliner, blames ‘human error’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: natasha turak
Keywords: news, cnbc, companies, error, admits, caused, shooting, statement, blames, military, forces, planes, attacks, iran, airliner, human, armed, unintentionally, ukrainian


Iran admits to 'unintentionally' shooting down Ukrainian airliner, blames 'human error'

Aircraft parts from the wreckage of a Boeing Co. 737-800 aircraft, operated by Ukraine International Airlines, which crashed shortly after takeoff lie on the ground near Shahedshahr, Iran, on Wednesday, Jan. 8, 2020.

ABU DHABI, United Arab Emirates — Iran’s military early Saturday morning announced its role in the downing of a Ukrainian passenger jet that killed all 176 people on board, saying the shootdown was “unintentional” and blaming “human error.”

The Boeing 737-800 airliner, Ukrainian International Airlines flight PS752, crashed five minutes after takeoff from Tehran’s Imam Khomeini airport on Wednesday Jan. 8, just hours after Iran fired a barrage of missiles at two military bases in Iraq. The attacks on the bases, which housed American forces, were in retaliation for the U.S. killing of Iranian commander Gen. Qasem Soleimani the previous week. Those attacks caused no casualties.

Iran’s President Hassan Rouhani took to Twitter to call the crash a “great tragedy” and “unforgivable mistake.”

“Armed Forces’ internal investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the Ukrainian plane & death of 176 innocent people,” Rouhani’s tweet said. “Investigations continue to identify & prosecute this great tragedy & unforgivable mistake.”

Iranian Foreign Minister Javad Zarif blamed America’s actions for the “human error,” writing on Twitter that Iran’s armed forces concluded that “human error at time of crisis caused by U.S. adventurism led to disaster.”

Iran’s statement stressed that the error occurred during very high tensions with the U.S.

“After the threat of U.S. president and commanders of attacking several important places in our soil and the movement of U.S. planes in the region we were at the highest alert,” an English translation of the armed forces’ statement read.

“After the attacks the flights of U.S. planes increased in the region and reports came in from strategic centers and many targets were visible in the radar,” the statement went on. “In this sensitive moment the Ukrainian plane while approaching an IRGC (Islamic Revolutionary Guard Corps) base was shot down after the plane’s unexpected and sharp turn, leading to the martyrdom of several of our fellow citizens and foreign nationals.”

The statement added that the person responsible for the shootdown of PS752 would face legal consequences, and that the military will undertake “major reform in operations of all armed forces” to ensure such “human errors” would not happen again. The Revolutionary Guard Corps has also been ordered to give a full public explanation.

Iran’s armed forces expressed “deepest condolences and sympathy” to the victims’ families. The flight, which was carrying 167 passengers and nine crew, was en route to Kyiv, Ukraine. Eleven Ukrainians, 82 Iranians and at least 57 Canadians were also among those killed.


Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: natasha turak
Keywords: news, cnbc, companies, error, admits, caused, shooting, statement, blames, military, forces, planes, attacks, iran, airliner, human, armed, unintentionally, ukrainian


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Queen, other senior royals want ‘workable solution’ for future of Harry and Meghan, report says

Queen Elizabeth II, Prince Charles and Prince William have instructed their aides to reach a “workable solution” for the future roles of Prince Harry and Meghan, the Duchess of Sussex, within the British royal family, according to a new report. The senior members of the royal family have asked their teams to work “at pace” with governments and the Sussexes, a Buckingham Palace source told Press Association, a British national news agency. The queen and other key members of the royal family were


Queen Elizabeth II, Prince Charles and Prince William have instructed their aides to reach a “workable solution” for the future roles of Prince Harry and Meghan, the Duchess of Sussex, within the British royal family, according to a new report.
The senior members of the royal family have asked their teams to work “at pace” with governments and the Sussexes, a Buckingham Palace source told Press Association, a British national news agency.
The queen and other key members of the royal family were
Queen, other senior royals want ‘workable solution’ for future of Harry and Meghan, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: daniel arkin
Keywords: news, cnbc, companies, future, statement, palace, queen, work, members, prince, senior, harry, royal, meghan, workable, sussex, royals, family, solution, report


Queen, other senior royals want 'workable solution' for future of Harry and Meghan, report says

Queen Elizabeth II, Prince Charles and Prince William have instructed their aides to reach a “workable solution” for the future roles of Prince Harry and Meghan, the Duchess of Sussex, within the British royal family, according to a new report.

The senior members of the royal family have asked their teams to work “at pace” with governments and the Sussexes, a Buckingham Palace source told Press Association, a British national news agency.

The report came a day after Harry and Meghan stunned the British public with their announcement that they intended to “step back” from their official duties, dividing their time between the United Kingdom and North America as they “carve out a progressive new role within this institution.”

The queen and other key members of the royal family were “hurt” by Harry and Meghan’s decision to issue their statement Wednesday, according to Press Association.

The statement said the Duke and Duchess of Sussex, as they are formally known, planned to “work to become financially independent, while continuing to fully support Her Majesty The Queen,” as they focused on “the next chapter” of their lives.

In a decidedly brief statement issued after their announcement, the palace suggested that the Sussexes’ retreat from their formal roles was far from a done deal.

“Discussions with The Duke and Duchess of Sussex are at an early stage,” the palace said. “We understand their desire to take a different approach, but these are complicated issues that will take time to work through.”

In an interview with “TODAY” on Thursday, Victoria Arbiter, a frequent commentator on the royal family, said she believed the queen was “blindsided” by the announcement, which included the debut of a website outlining Harry’s and Meghan’s vision for the future.

“When they got back [from spending Christmas in Canada], they did have a discussion with the queen, Prince Charles, Prince William, saying, ‘Look, we want to do something different here,’ but I don’t think any of this information, certainly, that’s been listed on their website, was shared with the senior members of the royal family,” Arbiter said. “And that’s where they were blindsided.”

“What makes it incredibly difficult now is that all of these details have to be ironed out on the public platform,” she added.


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: daniel arkin
Keywords: news, cnbc, companies, future, statement, palace, queen, work, members, prince, senior, harry, royal, meghan, workable, sussex, royals, family, solution, report


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Iraqi PM tells US to decide the mechanism for troop withdrawal

Iraqi Prime Minister Adel Abdul-Mahdi has told the U.S. secretary of state to send a delegation to Iraq tasked with formulating the mechanism for the withdrawal of U.S troops from Iraq, according to a statement released Friday. The statement, from the office of the Iraqi caretaker prime minister, said the request came in a telephone call between Abdul-Mahdi and U.S. Secretary of State Mike Pompeo on Thursday night. The Iraqi leader asked Pompeo to “send delegates to Iraq to prepare a mechanism t


Iraqi Prime Minister Adel Abdul-Mahdi has told the U.S. secretary of state to send a delegation to Iraq tasked with formulating the mechanism for the withdrawal of U.S troops from Iraq, according to a statement released Friday.
The statement, from the office of the Iraqi caretaker prime minister, said the request came in a telephone call between Abdul-Mahdi and U.S. Secretary of State Mike Pompeo on Thursday night.
The Iraqi leader asked Pompeo to “send delegates to Iraq to prepare a mechanism t
Iraqi PM tells US to decide the mechanism for troop withdrawal Cached Page below :
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Iraqi PM tells US to decide the mechanism for troop withdrawal

US Secretary of State Mike Pompeo (C), US Secretary of Defense Mark Esper (L) and Chairman of the Joint Chiefs of Staff US army general Mark A. Milley (R) speak on stage during a briefing on the past 72 hours events in Mar a Lago, Palm Beach, Florida on December 29, 2019.

Iraqi Prime Minister Adel Abdul-Mahdi has told the U.S. secretary of state to send a delegation to Iraq tasked with formulating the mechanism for the withdrawal of U.S troops from Iraq, according to a statement released Friday.

The statement, from the office of the Iraqi caretaker prime minister, said the request came in a telephone call between Abdul-Mahdi and U.S. Secretary of State Mike Pompeo on Thursday night. It says Pompeo called the Iraqi premier.

The prime minister said Iraq rejects all violations against its sovereignty including the attacks carried out by Iranian forces against U.S. troops in Iraq and also American violations of Iraq’s airspace in the airstrike that killed a top Iranian general last week.

The Iraqi leader asked Pompeo to “send delegates to Iraq to prepare a mechanism to carry out the parliament’s resolution regarding the withdrawal of foreign troops from Iraq,” the statement said.

“The prime minister said American forces had entered Iraq and drones are flying in its airspace without permission from Iraqi authorities and this was a violation of the bilateral agreements,” the statement added.

Iraqi lawmakers passed a non-binding resolution to oust U.S. troops following a strike that killed top Iranian general Qassem Soleimani and senior Iraqi militia commander Abu Mahdi al-Muhandis last Friday.


Company: cnbc, Activity: cnbc, Date: 2020-01-10
Keywords: news, cnbc, companies, prime, iraq, statement, iraqi, decide, pompeo, troops, state, secretary, mechanism, tells, iranian, withdrawal, troop, minister


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No, you’re not being drafted to Iran, US Army says after spoof messages scare Americans

“You’ve been marked eligible and must come to the nearest recruitment branch in Jacksonville, Florida for immediate departure to Iran.” The message was signed off “U.S. Army Recruiting Battalion” and offers a name and location to which the recipient is directed to report. The demographic of who the messages were sent to appears random — from adults to kids as young as 14, according U.S. Army Recruiting Command media relations chief who spoke to NPR. The Army statement added, “Registering for the


“You’ve been marked eligible and must come to the nearest recruitment branch in Jacksonville, Florida for immediate departure to Iran.”
The message was signed off “U.S. Army Recruiting Battalion” and offers a name and location to which the recipient is directed to report.
The demographic of who the messages were sent to appears random — from adults to kids as young as 14, according U.S. Army Recruiting Command media relations chief who spoke to NPR.
The Army statement added, “Registering for the
No, you’re not being drafted to Iran, US Army says after spoof messages scare Americans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: natasha turak
Keywords: news, cnbc, companies, website, draft, drafted, messages, youre, scare, text, statement, iran, army, americans, strike, sent, selective, recruiting, spoof


No, you're not being drafted to Iran, US Army says after spoof messages scare Americans

This handout picture released by the US Army shows U.S. Army Paratroopers assigned to the 2nd Battalion, 504th Parachute Infantry Regiment, 1st Brigade Combat Team, 82nd Airborne Division, deploy from Pope Army Airfield, North Carolina on January 1, 2020.

Fake news had a field day amid last week’s dramatic escalation in U.S.-Iran tensions, even managing to convince several Americans that the U.S. was reinstating the draft for an impending war with Iran.

“United States Official Army Draft, we tried contacting you through the mail several times and have had no response,” the text messages read, which were sent out in the days after the U.S. launched a drone strike in Baghdad that killed Iranian General Qasem Soleimani.

“You’ve been marked eligible and must come to the nearest recruitment branch in Jacksonville, Florida for immediate departure to Iran.”

“We’re aware that this number is not disconnected, you’ll be fined and sent to jail for minimum 6 years if no reply,” the text concluded.

The message was signed off “U.S. Army Recruiting Battalion” and offers a name and location to which the recipient is directed to report.

It’s not known how many people received messages, but it was apparently enough that the U.S. Army had to make an official statement after recruiting offices in the U.S. were hit with a barrage of panicked phone calls.

“U.S. Army Recruiting Command has received multiple calls and emails about these fake text messages and wants to ensure Americans understand these texts are false and were not initiated by this command or the U.S. Army,” a statement on the Army’s website read.

A similar version of the message that was circulated read: “You’ve been marked eligible and must come to the nearest branch in New Jersey Area for immediate departure to Iran.”

The U.S. disbanded the draft in 1973, and the country’s military — the third-largest in the world after China and India with just over 1.2 million active personnel — has been an all-volunteer force since.

The demographic of who the messages were sent to appears random — from adults to kids as young as 14, according U.S. Army Recruiting Command media relations chief who spoke to NPR.

The Army statement added, “Registering for the Selective Service does not enlist a person into the military. Army recruiting operations are proceeding as normal.”

Heavy online traffic brought down parts of the Selective Services System website on Jan. 3 and it posted a notice on its website that read, “Due to the spread of misinformation, our website is experiencing high volumes of traffic at this time. If you are registering or attempting to verify registration, please check back later today as we are working to resolve this issue.”

The Selective Service System (SSS) is an independent U.S. government agency that holds information on Americans eligible for conscription, and all males between the ages of 18 to 26 are required by law to register their information with it. Because the draft is no longer in place, its relevance is minimal, and compliance is patchy.

Fears of greater conflict in the Middle East shook global markets after the Trump administration’s Jan. 3 strike on Soleimani, who had headed Iran’s Revolutionary Guard Corps’ elite Quds Force and led Iranian expansion through proxy forces around the region. “WW3” was trending on Twitter. Trump has since announced that Iran “appears to be standing down” after an Iranian retaliatory strike resulted in no casualties, but Iran’s Revolutionary Guards are publicly threatening further revenge.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: natasha turak
Keywords: news, cnbc, companies, website, draft, drafted, messages, youre, scare, text, statement, iran, army, americans, strike, sent, selective, recruiting, spoof


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British banks hit by hacking of foreign exchange firm Travelex

Britain’s largest retail banks have been forced to halt processing foreign currency orders after a cyberattack on exchange provider Travelex. The hackers have reportedly demanded $6 million in return for encrypted customer data. The hackers told the BBC that they have downloaded 5GBs of customer data and plan to sell it online in six days’ time, unless Travelex pays the ransom. Travelex said it is in discussions with the U.K.’s National Crime Agency (NCA) and London’s Metropolitan Police, both o


Britain’s largest retail banks have been forced to halt processing foreign currency orders after a cyberattack on exchange provider Travelex.
The hackers have reportedly demanded $6 million in return for encrypted customer data.
The hackers told the BBC that they have downloaded 5GBs of customer data and plan to sell it online in six days’ time, unless Travelex pays the ransom.
Travelex said it is in discussions with the U.K.’s National Crime Agency (NCA) and London’s Metropolitan Police, both o
British banks hit by hacking of foreign exchange firm Travelex Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: elliot smith
Keywords: news, cnbc, companies, data, british, customer, hit, hacking, money, firm, exchange, hackers, systems, virus, foreign, banks, travel, travelex, statement


British banks hit by hacking of foreign exchange firm Travelex

Britain’s largest retail banks have been forced to halt processing foreign currency orders after a cyberattack on exchange provider Travelex.

Computer systems at the travel money firm have been down for more than a week since a malware attack on New Year’s Eve, leaving Lloyds, Barclays, HSBC and the Royal Bank of Scotland, among others, unable to process transactions.

The hackers have reportedly demanded $6 million in return for encrypted customer data. But in a statement late on Wednesday, Travelex said the system had been taken down as a “precautionary measure” following the discovery of the virus, and that its investigation had shown that customer data had not been compromised.

“We have now contained the virus and are working to restore our systems and resume normal operations as quickly as possible,” the statement said, adding that “Travelex’s network of branches continue to provide foreign exchange services manually.”

The attack was carried out by a ransomware gang known as Sodinokibi. The hackers told the BBC that they have downloaded 5GBs of customer data and plan to sell it online in six days’ time, unless Travelex pays the ransom.

Travelex said it is in discussions with the U.K.’s National Crime Agency (NCA) and London’s Metropolitan Police, both of which are conducting criminal investigations.

The banks have issued apologies for the inconvenience to customers on their respective travel money websites.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: elliot smith
Keywords: news, cnbc, companies, data, british, customer, hit, hacking, money, firm, exchange, hackers, systems, virus, foreign, banks, travel, travelex, statement


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Prince Harry and Meghan Markle say they are taking a step back as ‘senior’ members of the royal family

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, announced Wednesday they “intend to step back as ‘senior’ members of the Royal Family and work to become financially independent.” The statement added that the royal family understands the couple’s “desire to take a different approach, but these are complicated issues that will take time to work through.” Harry and Meghan recently spoke about the hardships, pressures and family rifts they’ve faced since marrying in May 2018, accordi


Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, announced Wednesday they “intend to step back as ‘senior’ members of the Royal Family and work to become financially independent.”
The statement added that the royal family understands the couple’s “desire to take a different approach, but these are complicated issues that will take time to work through.”
Harry and Meghan recently spoke about the hardships, pressures and family rifts they’ve faced since marrying in May 2018, accordi
Prince Harry and Meghan Markle say they are taking a step back as ‘senior’ members of the royal family Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: elly cosgrove
Keywords: news, cnbc, companies, say, harry, family, markle, work, tabloid, written, couple, senior, sussex, royal, united, statement, members, step, meghan, taking, prince


Prince Harry and Meghan Markle say they are taking a step back as 'senior' members of the royal family

Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex react after their visit to Canada House in thanks for the warm Canadian hospitality and support they received during their recent stay in Canada, on January 7, 2020 in London, England.

The couple — whose son, Archie Harrison Mountbatten-Windsor, was born last May — said they plan to balance their time between the United Kingdom and North America while “continuing to honour our duty to The Queen, the Commonwealth, and our patronages.”

“After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution,” they posted on Instagram.

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, announced Wednesday they “intend to step back as ‘senior’ members of the Royal Family and work to become financially independent.”

“This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity,” the announcement said.

American-born Markle was an actress before becoming a royal, appearing in a number of TV series before landing her role on the show “Suits.”

Buckingham Palace issued its own statement Wednesday saying the discussions are “at an early stage.” The statement added that the royal family understands the couple’s “desire to take a different approach, but these are complicated issues that will take time to work through.”

Harry and Meghan recently spoke about the hardships, pressures and family rifts they’ve faced since marrying in May 2018, according to NBC News. The comments came in a documentary about the royal couple made by British broadcaster ITV and filmed during the couple’s tour of southern Africa this past fall.

Last year, the tabloid Daily Mail published a private letter written by Meghan, NBC News reported. As a result, the couple filed a claim against the tabloid’s parent company, Associated Papers, for the misuse of private information, infringement of copyright and breach of the United Kingdom’s Data Protection Act 2018.

Harry said in a written statement that his wife “has become one of the latest victims of a British tabloid press that wages campaigns against individuals with no thought to the consequences – a ruthless campaign that has escalated over the past year, throughout her pregnancy and while raising our newborn son.”

He added that “there comes a point when the only thing to do is to stand up to this behaviour, because it destroys people and destroys lives.”


Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: elly cosgrove
Keywords: news, cnbc, companies, say, harry, family, markle, work, tabloid, written, couple, senior, sussex, royal, united, statement, members, step, meghan, taking, prince


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