US carriers halt Samsung Note 7 sales and replacements
AT&T and T-Mobile in the US have stopped replacing or selling the Samsung Note 7 following new reports that replacement devices still have critical battery issues. The South Korean firm issued a recall of the smartphone in September, and last month assured customers the fixed devices were safe. But there have now been two reports of phones that have been replaced and deemed safe starting to emit smoke. Samsung has said it is investigating the new reports. Meanwhile, the production of the phone has been halted temporarily. "If we conclude a product safety issue exists, we will work with the CPSC (US Consumer Product Safety Commission) to take immediate steps to address the situation," Samsung said.
Hungary's largest paper shuts, alleging pressure
Hungary's largest broadsheet newspaper Nepszabadsag has stopped publication, with journalists and the opposition alleging government pressure. Journalists said it was a "coup" - they were given notice after being stopped from entering the building on Saturday. The owners said it was a business decision following declining sales. There is no government comment. Nepszabadsag has often criticized Prime Minister Viktor Orban. It opposed last weekend's referendum on refugees. Orban's government has often been accused of using public media as a government mouthpiece. A number of private media outlets have also been bought by his allies, critics say.
Aviation industry agrees deal to cut CO2 emissions
The first deal limiting greenhouse gases from international aviation has been sealed after years of wrangling. From 2020, any increase in airline CO2 emissions will be offset by activities like tree planting, which soak up CO2. The deal comes in a momentous week for climate policy when the Paris agreement to stabilize climate change passed a key threshold for becoming law. Scientists applauded both commitments, but warned that plans to cut emissions are far too weak.
Burundi to withdraw membership from ICC
Vice President Gaston Sindimwo of Burundi on Thursday announced the country's decision to withdraw from the International Criminal Court (ICC), stating that his government is "ready to face the consequences." This decision comes in the wake of the ICC prosecutor Fatou Bensouda announcing six months ago that she plans to investigate the ongoing violence in Burundi—an announcement viewed by Burundi as a threat to its sovereignty. Sindimwo stated that his government thought it necessary to withdraw from ICC so that his government and its people can "really be free."
Mylan to settle EpiPen overpricing case for $465 million
The US government said Mylan had wrongly claimed EpiPen as a generic, leading Medicare and Medicaid to overpay for it. The company said the settlement included no admission of wrongdoing.
Paying $15 billion for Twitter will be hard for anyone to justify
Suitors are falling away, and there is no way conventional financial analysis can help any company rationalize an acquisition of the company. Twitter is expected to lose about $270 million next year. Add back around $100 million of interest, then cut in half the roughly $1.7 billion of research and development and marketing costs, as a buyer might do. Twitter’s operating profit would then be about $700 million. Twitter's weighted average cost of capital is roughly 9 percent. To generate an equivalent return on investment, even generously assuming a zero tax rate, would mean paying no more than $7.7 billion for the company, about half its current market value.
Brazil is years away from regaining investment grade
The initial approval of a public spending cap is a step in the right direction, but it will still take years and other tough reforms for Brazil to regain its coveted investment-grade rating, a senior analyst with S&P Global Ratings said. To change Brazil's negative outlook the agency needs to see concrete action from the new government to shore up its depleted fiscal accounts. President Michel Temer said that the overwhelming support for the cap in a special congressional committee on Thursday is a sign it will be approved in Congress. The proposal, which ties public spending growth to the rate of annual inflation for at least 10 years, is at the heart of Temer's austerity plan to close a yawning fiscal gap that cost Brazil its investment grade last year. S&P said that past experiences in India, Russia and Colombia show that a return to an investment grade rating is a difficult process that takes many years.
Centuries of Buddhist tradition make room for Bhutan's first law school
Under the gaze of the Buddhist god of wisdom, embodied in the form of a craggy hillside here, an American academic stood in front of 500 teenagers and posed a simple question: "What does a lawyer do?" As Bhutan's first democratic generation comes of age, there is the challenge of defining law in a nation that has been governed for much of its history in semi-theocracy and by monarchs. And there is the difficulty of designing a curriculum that strikes a balance between educating students in handling disputes in a formal court system and through a village elder — a long-held custom stemming from a belief that justice based on conciliation maintains social harmony. In a culture where the adversarial nature of Western legal practice is seen by some as opposed to Buddhism, which most here follow, Mr. Peil said the stakes were high for training lawyers who could defend Bhutanese values as the demands of modernity came rushing in.
Time
The White Helmets of Syria
Newsweek
Britain Squelches Concern Over Whether Businesses Would Have To List Foreign Workers
Business Week
Florida's Feud Over Zika-Fighting GMO Mosquitoes
The Economist
Britain and Europe: The road to Brexit
Der Spiegel
Der Weltmacht Kampf
L'Espresso
Critica della Ragion Crillina
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