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Monday, 13 June 2016

Microsoft to buy LinkedIn for $26bn

Microsoft is buying the professional networking website LinkedIn for just over $26bn (£18bn) in cash.

The software giant will pay $196 a share - a premium of almost 50%.

Shares in LinkedIn, which floated in May 2011, have fallen by more than 40% this year.

The stock plunged by a quarter in February after the company issued a profit warning for the first quarter and reported an annual loss of $8m.

LinkedIn shares soared to $194.25 in pre-market trading in New York after the deal was announced.

Microsoft said that LinkedIn would retain its "distinct brand, culture and independence", with Jeff Weiner remaining as chief executive, reporting to Microsoft boss Satya Nadella.

LinkedIn chief executive Jeff Weiner will continue in his role

Mr Weiner and Reid Hoffman - the chairman, co-founder and controlling shareholder of LinkedIn - both backed the deal.

"Today is a re-founding moment for LinkedIn," said Mr Hoffman.

Mr Nadella said: "The LinkedIn team has grown a fantastic business centred on connecting the world's professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics."

It is by far the biggest acquisition made by Microsoft, which has completed eight takeovers worth more than $1bn.

It paid $8.5bn for Skype in 2011 and bought Nokia's mobile phone business for $7.2bn in 2013.

The LinkedIn acquisition also eclipses the $19bn that Facebook paid for WhatsApp in 2014.

Friday, 10 June 2016

Hollande warns unions over Euro 2016


Special forces have been conducting training exercises as part of preparations for Euro 2016, as sports editor Dan Roan reports

French President Francois Hollande has warned against attempts to disrupt Euro 2016 with strike action, as the football tournament gets under way.

France has been in the grip of industrial action, mainly over reforms to labour law.

Train drivers are threatening to strike on a line serving the Stade de France in St Denis just outside Paris, where France play Romania in the first match.

Meanwhile, a brawl in Marseille led to two England fans being arrested.

Tear gas was fired and police in riot gear were on the streets after the incident outside a pub shortly before midnight on Thursday. England play Russia in the city on Saturday.

'Just not normal'

Football fans arriving in Paris and several other cities this week have been greeted by the sight and smell of uncollected rubbish sacks as trade unionists blockade incinerators.

The country is also on high alert since the jihadist attacks on Paris in November - one of them at the Stade de France - and is recovering from flood damage in central and northern regions.

Mr Hollande said everyone had a duty to ensure that the competition was allowed to proceed without incident.

"I appeal to everyone's sense of responsibility because if the state must do its duty - and it will, it will take all the measures that are necessary," he said on Thursday.

"At the same time, it is also necessary that those who are taking part in actions, or who are organising them should also shoulder their responsibility... so that this great event can be a shared popular festival."

Ten stadiums will host Euro 2016 matches

Thousands attended a concert by DJ David Guetta on Thursday to mark Euro 2016

Transport Minister Alain Vidalies told Europe 1 radio that if the government had to "issue orders" for trains to be driven to get fans to the opening match, "we will do so".

"If requisitioning is required... we will do it," he said. "There will be no more negotiating."

Sports Minister Thierry Braillard appealed to the unions to think about the football fans.

"While there are times when strikes can take place, we are now on the eve of an event during which they are going to prevent some fans from getting to the stadium," he said. "That's just not normal."

Strikers defiant

But train driver Berenger Cernon, secretary general of the CGT union at the Gare de Lyon in Paris, was unapologetic.

Euro 2016 security

Security has been stepped up for the month-long tournament in France

• 90,000 police and other security officials to patrol fan zones and stadiums

• Paris to have security force of at least 13,000 to patrol two zones and two stadiums

• Seven million people expected to visit 10 French cities from Lille in the north to Marseille in the south

• State of emergency in place after last November's jihadist attacks in Paris in which 130 people died

• Officials deny a report that Paris prefect Michel Cadot asked for the Eiffel Tower fan zone to be shut

France's 10 Euro 2016 stadiums

Euro 2016 - Uefa website

"It's not us who determine the calendar," he said.

"We did not decide that the Euro will take place on this date. There is a social movement going on now, the re-organisation [of labour] continues, the labour law continues.

"We want the negotiations on the collective agreements to be open for everybody. So yes, clearly this will disturb the Euro [tournament] and we will continue the strike."

He added that efforts were under way to try to resolve the situation although so far they only concerned the state rail company (SNCF).

Nearly 3,000 tonnes of waste have gone uncollected in Paris, according to the authorities.

Zahier, a waiter in a restaurant in the Latin Quarter where rubbish spilled out of bins into the narrow, cobbled streets, told AFP news agency: "Customers are looking out at the dustbins, so obviously it's making them lose their appetite."

Paris Mayor Anne Hidalgo told BFM television on Friday that "all the garbage will be collected today".

Some 50 lorries were sent out overnight and 30 more are being dispatched on Friday.

Another problem is a planned four-day Air France pilots' strike, set to start on Saturday as many football fans fly in.

Talks broke down on Thursday but Air France chief executive Frederic Gagey said he expected that 70%-80% of flights would operate on Saturday.

Obama formally endorses Hillary Clinton

Obama formally endorses Hillary Clinton

Hillary Clinton tweeted President Obama's endorsement video: "I don't think there's ever been someone so qualified to hold this office"

President Barack Obama has officially endorsed Hillary Clinton as the Democratic Party presidential nominee.

His endorsement came after meeting Vermont Senator Bernie Sanders who has been battling Mrs Clinton for the nomination.

Speaking in a video tweeted out by Mrs Clinton, Mr Obama said she may be the most qualified person "ever" for the role of president.

Leading liberal politician Elizabeth Warren also endorsed Mrs Clinton.

"I am ready to get in this fight and work my heart out for Hillary Clinton to become the next president of the United States," the Massachusetts senator told MSNBC, "and to make sure that Donald Trump never gets any place close to the White House."

President Obama and Mrs Clinton are set to start campaigning together soon.

"I want those of you who've been with me from the beginning of this incredible journey to be the first to know that 'I'm with Her.' I am fired up and cannot wait to get out there and campaign for Hillary," Mr Obama said in the video.

"Secretary Clinton and Senator Sanders may have been rivals during this primary, but they're both patriots who love this country and they share a vision for the America that we all believe in."

The two ran against one another for the Democratic nomination in 2008 and Mr Obama later made Mrs Clinton secretary of state.

Speaking to Reuters following the endorsement, Mrs Clinton said Mr Obama's endorsement "means the world".

"It is absolutely a joy and an honour that President Obama and I, over the years, have gone from fierce competitors to true friends," she said.

Presumptive Republican nominee Donald Trump tweeted that Mr Obama's endorsement means he wants "four more years of Obama" and "nobody else does".

To which came a much-retweeted reply from Mrs Clinton: "Delete your account."

Analysis

Mr Obama has made his endorsement official

Barack Obama is now in the game. In a slickly produced video endorsement, the president has thrown his support behind Hillary Clinton's bid to keep the White House in Democratic hands.

Given the high production value of the video, the announcement had obviously been in the works for some time. In fact, astute observers have noted that Mr Obama is sporting the tie he wore on Tuesday.

Bernie Sanders has said he will continue to campaign in Washington DC, leading up to the capital city's primary next week - but expect most Democrats to close ranks quickly. The Vermont senator even struck a more conciliatory tone after a meeting at the White House, saying he looks forward to "working together" with the former secretary of state to defeat Donald Trump.

Mr Obama and Mrs Clinton will make their first joint appearance together in Wisconsin next week. Before that she's visiting Ohio and Pennsylvania.

The Democrats clearly view the general election battleground as the industrial Rust Belt states. And for the first time since 1988 there is a popular, scandal-free second-term incumbent president working hard on the campaign trail to preserve his legacy.

Tuesday, 7 June 2016

Attack on Istanbul police bus 'kills 11'

A car bomb attack targeting a police bus has killed at least 11 people in central Istanbul, officials say.

The explosives were remotely detonated as the vehicle passed through the busy Vezneciler district at the morning rush hour.

No group has said it carried out the attack.

Violence in Turkey has escalated recently as a result of tensions with Kurdish separatists and the conflict in neighbouring Syria.

Suspicion is likely to fall on the outlawed Kurdistan Workers' Party (PKK) or one of its offshoots who have claimed other attacks on security targets in Turkey this year in Istanbul.

The explosion happened near the city's historic Beyazit Square neighbourhood, a major tourist attraction, and an Istanbul university building.

Four civilians and seven police officers were among the dead, Istanbul's governor, Vasip Sahin, said. Some 36 other people were injured, he added.

How dangerous is Turkey's unrest?

Turkey in midst of hideous vortex

The blast happened at the morning rush hour in central Istanbul

The explosion also damaged nearby buildings

"There was a loud bang. We thought it was lightning, but right at that second the windows of the shop came down. It was extremely scary," an unidentified eyewitness told Reuters news agency.

'Cold-hearted'

Turkey's Foreign Minister, Mevlut Cavusoglu, said the attackers were "cold-heartedly" exploding bombs on the holy Muslim month of Ramadan, which is in its second day.

In an interview with state-run TRT television, he also said Turkey was fighting on all fronts against "any form of terrorism."

Recent attacks in Turkey

• March 2016: 35 people killed by Kurdish militants in Ankara; 4 dead in a suicide attack in Istanbul

• February 2016: 28 killed in military convoy in Ankara

• January 2016: 12 German tourists are killed in a suspected IS suicide bombing in Istanbul

• October 2015: More than 100 people are killed in a double suicide bombing at a Kurdish peace rally in Ankara

Tears and destruction amid PKK crackdown

The country has been hit by bloody attacks in recent months by the so-called Islamic State (IS) group and Kurdish militants.

President Recep Tayyip Erdogan has said militants are targeting civilians because they are losing their struggle against Turkish security forces.

Turkey is part of the US-led coalition against IS and allows coalition planes to use its air base at Incirlik for raids on Iraq and Syria.

Reports said a parked car packed with explosives was detonated by remote control

Special force officers were sent to the area of the blast

The country has also been waging an offensive against the PKK, which fights for autonomy in the majority-Kurdish areas in Turkey's south-east.

A two-year-old ceasefire between Turkey and the PKK broke down last summer. Since then, violence has killed hundreds of Turkish security forces, Kurdish fighters and civilians.

Turkey, the EU and US refer to the PKK as a terrorist organisation.

An offshoot of the group, the TAK, carried out two attacks on police vehicles in Ankara this year.

The government and western intelligence groups believe TAK is an alias of the PKK.

Clinton 'secures Democratic nomination'


Hillary Clinton "I got to tell you according to the news we are on the brink of a historic unprecedented moment"

Hillary Clinton has clinched the Democratic nomination for US president after reaching the required number of delegates, an AP tally suggests.

The count puts Mrs Clinton on 2,383 - the number needed to make her the presumptive nominee.

She will become the first female nominee for a major US political party.

But rival Bernie Sanders said Mrs Clinton had not won as she was dependent on superdelegates who could not vote until July's party convention.

Mrs Clinton reached the threshold with a big win in Puerto Rico and a burst of last-minute support from superdelegates, AP said late on Monday night.

Superdelegates are party insiders who can pledge their support for a candidate ahead of the convention but do not formally vote for them until the convention itself.


It has taken a long 227 years to get even this far.

George Washington was elected president of a newly independent America in 1789. Forty-three men later (42 of them white) Hillary Clinton makes history today by being the first female nominee for the White House.

So why don't I feel more excited?

The lack of exuberance may come from the fact that this has all been going on for so long.

We've really been reworking a version of the "first viable female candidate for the presidency" story since 20 January 2007, the first time Hillary Clinton declared her candidacy for the White House.

We're exhausted. We've run out of superlatives. We've overused every anecdote from the former first lady, former senator, former secretary's well-covered life.

A woman president would be new, Hillary Clinton is not.

Why aren't we more excited about Clinton?

At an appearance in Long Beach, California, shortly after the news broke, she said: "We are on the brink of a historic and unprecedented moment but we still have work to do.

"We have six elections tomorrow and we're going to fight hard for every single vote, especially right here in California."

• Can Clinton win over Republican moderates?

• Clinton: why Trump is 'dangerously incoherent'

Voters will go to the polls for Democratic primaries on Tuesday in California, Montana, New Mexico, North Dakota, South Dakota, and New Jersey.

The nominee for either party is not officially named until the parties' respective conventions.

BBC North America editor Jon Sopel says the AP announcement could actually be a problem for Mrs Clinton, as it may depress turnout in Tuesday's primaries and creates the impression that she has only won because of the superdelegates and not the ordinary voters.

Sanders' California vow

Mr Sanders has vowed to stay in the race until the convention, and his campaign team said the Vermont senator would attempt to win back superdelegates.

His spokesman Michael Briggs said it was too early to call the contest.

The Sanders' campaign criticised the media's "rush to judgement"

"It is unfortunate that the media, in a rush to judgement, are ignoring the Democratic National Committee's clear statement that it is wrong to count the votes of superdelegates before they actually vote at the convention this summer," he said.

Mrs Clinton, a former secretary of state, New York senator and First Lady, leads Mr Sanders by three million votes, 291 pledged delegates and 523 superdelegates, according to AP's count.

She has won 29 caucuses and primaries to his 21 victories - and an estimated 2.9 million more voters have backed her during the nominating process.

That gives her a significantly greater lead over Mr Sanders than Barack Obama had over her in 2008 - he led by 131 pledged delegates and 105 superdelegates at the point he clinched the nomination.

"It's not complicated" - US media round-up

Philip Bump in the Washington Post unpicks the maths of the AP count, saying: "This is a subject of great consternation to rival Sen. Bernie Sanders, who... has repeatedly suggested that media outlets who point this out are irresponsibly abdicating their duty to their audiences. But it's not a complicated issue. If you accept that Donald Trump has clinched the Republican nomination, you should similarly accept that Clinton will seal her party's nomination on Tuesday."

Amy Chozick and Patrick Healy in the New York Times say: "Mrs Clinton must also work in the coming weeks to improve her own standing with voters, both with Mr. Sanders's hordes of young supporters and with a majority of registered voters who say they do not like or trust her."

Philip Elliot in Time quickly turned to the forthcoming presidential campaign, saying it will be "ugly". "Trump has invoked the scandals - and the faux-scandals -of the 1990s and has cast the current incarnation of Clinton as a "crooked" politician... He has shown little regard for her lifetime in the public eye... and has been devastating in his criticism. All which goads his massive audiences into rage against Clinton."

AP reports White House officials as saying that Mr Obama is preparing to endorse Mrs Clinton in the next few days, although the announcement would come after Tuesday's primaries.

Mr Obama telephoned Mr Sanders on Sunday, AP said. The contents of the call have not been revealed.

Speaking in San Francisco, Mr Sanders did not refer to the AP count, and promised supporters he would win in California: "As of today, we have won primaries and caucuses in 20 states across this country.

"And tomorrow, in the most important primary in the whole Democratic nominating process, we're going to win here in California."

On 26 May, Donald Trump passed the number of delegates needed to secure the Republican Party's presidential nomination, AP reported.

Saturday, 23 April 2016

Germans rally against US-EU trade deal


Thousands have gathered to protest against TTIP on the streets of Hannover

Thousands of people have marched in the German city of Hannover against a proposed Transatlantic Trade and Investment Partnership (TTIP) deal.

They say the deal would drive down wages, and weaken environmental protection and labour rights.

US President Barack Obama - who is pushing hard for the agreement - says it would create millions of jobs and increase trade by lowering tariffs.

On Sunday, he will visit the northern city to open a huge trade fair.

'Trojan horse'

Protesters are angry over the secrecy of the ongoing TTIP negotiations

German police estimate that more than 30,000 took part in the peaceful protest rally in Hannover.

Many carried placards with slogans that read: "Stop TTIP!"

The demonstrators have also been voicing their anger over the secrecy surrounding the ongoing TTIP negotiations.

"The TTIP between the American continent and Europe is very dangerous for the democracy, for our nature and for the rights of the workers," protester Florian Rohrich told the BBC.

"The rights in America for workers are much lower. It's like the Trojan horse. They can't change our whole system. But they will - because TTIP is written by the groups, by the companies, not by the politicians," he added.

The negotiations were launched three years ago, and the next round is due to open on Monday in New York.

Defending the TTIP, President Obama has said that the agreement would mean "new growth and jobs on both sides of the Atlantic".

The TTIP aims to cut tariffs and regulatory barriers to trade between the US and EU countries, making it easier for companies on both sides of the Atlantic to access each other's markets.

Industries it would affect include pharmaceuticals, cars, energy, finance, chemicals, clothing and food and drink.

What is TTIP for?

The aim is to boost the economies of the EU and the US by removing or reducing barriers to trade and foreign investment.

How would TTIP work?

By eliminating almost all tariffs (taxes applied only to imported goods) on trade between the US and the EU.

Why is TTIP controversial?

Much of the concern is about the regulatory aspect: that it would lead to lower standards of consumer and environmental protection and safety at work.

North Korea 'fires submarine missile'

April 23, 2016 16:41

It comes ahead of a party congress meant to cement leader Kim Jong-un's (right) grip on power

North Korea appears to have fired a ballistic missile from a submarine off its eastern coast, South Korea says.

It is not clear whether the test was authentic, and if it was, whether it will be considered a success by the North.

A successful test would be significant because submarine-launched ballistic missiles (SLBMs) are hard to detect.

It comes as North Korea gears up for a rare and significant party congress next month.

North Korea is banned from nuclear tests and activities that use ballistic missile technology under UN sanctions dating back to 2006.

'Fabricated'

"North Korea launched a projectile which was believed to be a submarine-launched ballistic missile around 6:30 pm (0930 GMT) in the East Sea (Sea of Japan) near the north-eastern port of Sinpo," a South Korea defence ministry spokesman said.

"We are keeping close tabs on the North Korean military and maintaining a full defence posture," he said.

North Korea has yet to report the test in its own official media. The secretive state has claimed to have carried out similar tests before but some doubt those claims.

• Can South Korea defend itself?

• Dealing with the North: Carrots or sticks?

• How advanced is North Korea's nuclear programme?

• How potent are the threats?

The US says photographs supposedly showing one launch in December were manipulated and others think the North has fired missiles from submerged platforms, but not submarines.

Regarding this latest test, South Korea's Joint Chiefs of Staff said in a statement that the missile travelled about 30km (19 miles), whereas a typical SLBM can travel at least 300km (186 miles).

North Korea has so far conducted four nuclear tests - the first one in October 2006 and the latest in January this year.

The UN Security Council responded to the latter by imposing its strongest sanctions to date over the North's nuclear weapons programme.

Last month North Korea said it had developed nuclear warheads small enough to fit on ballistic missiles, although experts cast doubt on the claims.

Analysts believe the North may be gearing up for a fifth test as a show of strength ahead of the North Korean Workers' Party Congress, the first since 1980.