Friday, November 30, 2018

0 It's not the northern lights — it's a borealis of greenhouse glows

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Greenhouse

Purple, orange and yellow hues often light up the night sky in Kingsville and Leamington because of the cluster of greenhouses that fill the region.

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0 More plans unveiled for high-tech Quayside community, but still no word on who'll own it

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Sidewalk Toronto

Google affiliate Sidewalk Labs unveiled more details around its ambitious plan for a high-tech Toronto community on Thursday, but it's unclear as to who will own what in the company's futuristic neighbourhood, and who will pay for it.

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0 Instagram adds feature that means you can share Stories with just your closest friends

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instagram

  • Instagram announced a new feature called "Close Friends" which will allow people to share their Stories exclusively with a list of approved users.
  • Instagram's Head of Product Robby Stein said that in testing, people mostly used the feature to send Stories to their real-life friends.
  • The feature rolled out globally on Friday on iOS and Android.

Instagram announced on Friday a new feature to let users select "Close Friends" to view their Stories.

Under the new feature, users will be able to select an exclusive list of people who will be able to view their Stories. The feature rolled out globally on iOS and Android on Friday.

"Instagram Stories has become the place to express yourself and share everyday moments, but our community has grown and sometimes what you want to share isn’t for everyone," Instagram said in a blog.

"With Close Friends, you have the flexibility to share more personal moments with a smaller group that you choose."

Instagram's director of product Robby Stein also announced the feature at TechCrunch Disrupt Berlin. He said that in testing people used the feature to add people who are their friends in real life.

He added that when you add or remove people from your Close Friends list, they won't be notified, as it is a "completely private list."

While Instagram is touting the feature as a way to curate a more private Instagram Story, Guardian reporter Alex Hern pointed out it could be a way to more precisely target its users with advertising.

Business Insider contacted Instagram for comment.

SEE ALSO: Instagram's new TV service recommended videos of potential child abuse

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NOW WATCH: Why autocorrect makes so many mistakes, according to the former Apple engineer who helped create it

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0 Dutch church holds an 800-hour service to protect an immigrant family because they can't be deported during a religious ceremony

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bethel church

  • A Dutch church has been holding a church service for the past 800 hours to stop an Armenian family from deportation.
  • Bethel Church in The Hague is trying to protect the Tamrazyan family, who reportedly fled Armenia in 2010 and recently had their asylum status overturned.
  • Dutch law forbids police from entering places of worship while a service is ongoing.
  • Four hundred pastors from around the country have traveled to The Hague to keep the service running around the clock.

A Dutch church has been holding a service for over 800 hours to protect an immigrant family because Dutch law forbids police from entering places of worship while a service is ongoing.

The Hague's Bethel Church has been holding the ceremony around the clock since 1:30 p.m. on October 26, the church said.

It is trying to protect the Tamrazyan family, who fled Armenia in 2010, CBC and CNN reported. They have three children.

Police cannot enter a space "intended for religious or reflective meetings of a philosophical nature, during the worship or reflection meeting," the country's 2010 General Act on Entry says.

bethel church

The family was granted conditional asylum upon entering the Netherlands in April 2010, but the government rejected their application for a full political asylum status, CNN said. It's not clear when the Dutch government made that decision.

Four hundred pastors from around the country have volunteered to keep the service going, CBC reported.

The photos below show Hayarpi, one of the family's children, taking part in one of the services two weeks ago.

Axel Wicke, one of the volunteers keeping the service running, told CNN that the plan was hatched in secret and that they prepared by compiling every order of service they had done over the past ten years into one document. 

He said: "I had copied and pasted the liturgies of the last 10 years into one huge document and we just sang and prayed through that, until other pastors were found and took over."

Theo Hettema, the chairman of the General Council of Protestant Ministers in the Netherlands, also told CNN: "This was a clear opportunity to put the love for our neighbor into reality."

 

Wicke added that while police are not waiting outside the church, the building is being monitored "more closely than usual."

bethel church

Martin Goeman, a children's legal advisor in the Netherlands, told CNN that the family could theoretically get a "children's pardon," which is for people who have been in the country for more than five years.

The parents can then apply for a resident permit with that pardon, the Dutch immigration department said.

The Dutch government usually denies those applications, Goeman said. But she added: "The Minister for Migration could solve (the situation) in one day — by using his discretionary powers. There is a solution."

Reverend Joost Roselaers, one of the pastors, told CNN: "We will go on and on until it's clear that this family can stay."

Read more: There's a small town in Holland where the streets are made of water, and it looks like something straight out of a fairy tale

 

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NOW WATCH: Lindsey Graham once warned there would be 'holy hell to pay' if Trump fired Jeff Sessions

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0 Trudeau, Trump and Pena Nieto sign USMCA

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trudeau trump nieto collage

Prime Minister Justin Trudeau signed the USMCA, the replacement for NAFTA, in person Friday alongside U.S. President Donald Trump and Mexican President Enrique Pena Nieto. CBC News is carrying the event live.

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0 A British restaurant chain is asking diners to hand over their phones to 'celebrate family time,' and Twitter isn't having it

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frankie bennys

  • British restaurant chain Frankie & Benny's is asking diners to hand over their phones when they enter the establishment.
  • The idea is to help people "celebrate family time."
  • Diners will be incentivised to surrender their mobile devices with the promise of a free children's meal.
  • The scheme is being trialled for a week, but could roll out for longer depending on customer reaction.
  • However, the news has not gone down well with many people.

A British restaurant chain has angered diners by announcing it is asking people to hand over their phones in a bid to "celebrate family time."

Frankie & Benny's, which serves American-Italian inspired fare, is the first family restaurant in the UK to ban cellphones.

But the announcement has not gone down well.

From November 29 to December 7, customers entering the restaurant will be asked to deposit their phones in a designated "no phone box" at the table and leave them there until their meal is over.

By way of incentive, diners will be offered free kids' meals if they hand over their phones. 

The decision has been made following research cited by the company which apparently revealed that 72% of children wish their parents would spend less time on their phones, and 70% believe their parents enjoy more screen time than they do.

Read more: This London restaurant will lock up your mobile phone to stop you from texting while you eat

However, a spokesperson for Frankie & Benny's says it's possible the scheme will be extended if the trial is successful and customers respond well.

Judging by initial reactions, however, this seems unlikely. 

"I am not handing over a device that cost £700 [$900] new to your staff so I can sit and eat fries that taste of oil that hasn't been changed in too long," wrote Felicity Hannah on Twitter.

She went on to ask, "How dare you make assumptions about why people are on their phones?" and "Am I really going to take family advice from a company that offers my children a strawberry milkshake that comes with a bloody doughnut actually wedged into the top with squirty cream?"

Another Twitter user branded the move "a desperate marketing gimmick."

Others pointed out that the decision is ironic, considering the restaurant encourages diners to post on social media and also use an app to pay.

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NOW WATCH: The science of why human breasts are so big

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0 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, MAR, NIO)

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Trump Macri G20

Here is what you need to know. 

  1. Trump says he will be 'very productive' at the G20 summitPresident Donald Trump arrived in Argentina on Thursday, and tweeted that he has "a very busy two days planned," with the main event being trade negotiations with Chinese President Xi Jinping. 
  2. Goldman Sachs has some low risk, high reward trading strategies to help investors profit from the G20The bank's derivatives strategy team studied the seven periods of volatility surrounding various trade-war headlines this year and identified 21 stocks and four sectors where investors can make realtively low-risk bets by buying calls. 
  3. China's manufacturing sector hits stall speedThe government's purcashing managers index printed 50.0 in November, its weakest reading since July 2016, and is at a level that shows the sector is neither expanding nor contracting, according to data released Friday by China's National Bureau of Statistics. 
  4. Floyd Mayweather Jr. and DJ Khaled will each pay big fines after illegally touting ICOs. The boxing champ Floyd Mayweather Jr. and the record producer DJ Khaled will each pay fines of more than $100,000 to settle charges that they promoted initially coin offerings without disclosing they were paid for it, the US Securities and Exchange Commission said on Thursday. 
  5. Marriott says 500 million customers had their data hackedThe hotel chain announced Friday that 500 million customers who stayed at hotels including W, Sheraton, and Westin as far back as 2014 had their information accessed, including an unspecified number who had their credit card details taken.  
  6. Sheryl Sandburg reportedly wanted to know if George Soros was shorting Facebook's stock. Sandburg, Facebook's COO, reportedly requested opposition research on the billionaire and wanted to know if he was shorting her company's stock, after he publicly critcized the social-media network.   
  7. Nintendo Switch sales are on track to miss Wall Street targets despite a record-setting Black Friday weekend. The Nintendo Switch saw sales jump 115% year-over-year on Black Friday weekend, but the video-game maker is on track to sell 35 million units by March 2019, shy of the 38 million units that analysts surveyed by Bloomberg are hoping for.
  8. The Tesla of China loses its US CEO. Padmasree Warrior, the US CEO of the Chinese electric-car maker Nio, will leave the company in December for "personal interests," according to a filing out Friday.
  9. Stock markets around the world trade mixed. China's Shanghai Composite (+0.81%) led the advance in Asia and Britain's FTSE (-0.7%) trails in Europe. The S&P 500 is set to open lower by 0.26% near 2,731.
  10. US economic data trickles out. Chicago PMI will be released at 9:45 a.m. ET. The US 10-year yield is down 2 basis points at 3.01%. 

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NOW WATCH: Valedictorians rarely become rich and famous — here's why the average millionaire's college GPA is 2.9

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0 'That was not appropriate behavior': NASA roasted Elon Musk for smoking weed live on the internet

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Elon Musk

  • NASA boss Jim Bridenstine has told reporters that SpaceX CEO Elon Musk smoking week on a podcast "was not appropriate behavior."
  • Bridenstine said he's had "a number of conversations" with Musk about the incident, and "you won't be seeing that again."
  • Bridenstine confirmed he has ordered a safety review of NASA's contractors SpaceX and Boeing after Musk smoked, but said that was always the plan.

NASA Administrator Jim Bridenstine told reporters on Thursday that Elon Musk smoking weed live on the internet "did not inspire confidence," The Atlantic reports.

Musk's company SpaceX is subject to a NASA safety review after he inhaled cannabis on the livestreamed "Joe Rogan Experience" podcast in September.

Now Bridenstine has commented publicly on the incident for the first time. He told a meeting of reporters: "I will tell you that was not helpful, and that did not inspire confidence, and the leaders of these organizations need to take that as an example of what to do when you lead an organization that's going to launch American astronauts."

Bridenstine said he personally ordered the safety review into suppliers SpaceX and Boeing, which was first revealed by The Washington Post. But he stressed that he wanted a review of their corporate culture before Musk smoked weed.

His decision was influenced by tragedies in NASA's history, including the Apollo 1 fire in 1967, which killed three astronauts during a ground test, and the two Space Shuttle disasters in 1986 and 2003.

Read more: NASA is launching a safety review of SpaceX after Elon Musk smoked weed live on the internet

Bridenstine said a question that always comes up is whether the culture at NASA contributed to those accidents. "What was the culture of our contractors, and were there people that were raising a red flag that we didn't listen to, and ultimately did that culture contribute to the failure and, in those cases, to disaster?" he said.

The Atlantic's Marina Koren asked Bridenstine whether Musk smoking weed live online constituted a red flag. "I think those were not helpful," he responded.

Bridenstine also said he's had "a number of conversations" with Musk about his behavior. "I will tell you, he is as committed to safety as anybody, and he understands that that was not appropriate behavior, and you won't be seeing that again," he continued.

Business Insider contacted SpaceX and NASA for comment.

SEE ALSO: NASA is offering private companies up to $2.6 billion to get the US back to the moon's surface

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NOW WATCH: Jeff Bezos on regulating giant tech companies: 'I expect us to be scrutinized'

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0 Watch: 5 visions of Central Park after an eco-apocalypse

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Eco-terrorists with an army of beetles and bees have destroyed Central Park, stripping Frederick Law Olmsted’s landmark of its flora and fauna. It is barren and must be rebuilt. All options are on the table. That was the prompt for landscape architecture journal LA+’s recent design competition, which inspired 382 entries from all over the world. Take a look at the five winning designs.

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0 What it's really like to attend an Ivy League school

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Yale Law School Facebook

  • Life at an Ivy League school isn't as glamourous as Hollywood would have you think. 
  • While it's true Mark Zuckerberg graduated from Harvard, the dorm room from which he started Facebook was no more luxurious than a dorm room at any other top school. 
  • When it comes down to it, eating, sleeping, studying, and working out at an Ivy looks a lot like it would at any other university. 

It's no wonder people put Ivy League schools on such a pedestal. Between all the movies and television shows featuring Harvard and Yale — remember Rory Gilmore's inner struggle when it came to choosing between the two? — and the clout of having a degree from one of the elite eight northeastern universities, who wouldn't think everything about the schools is a dream?

While the academics at these schools is unquestionably prestigious — and they have educated some of the country's most well-known minds — it doesn't mean life on the campuses is as well. 

Dorm rooms are small and dining hall food is exactly that. The campuses are beautiful, but there are a vast amount of non-Ivy campuses that are as well. While the Ivy League was originally formed to create a sport conference, and its teams often make it into tournaments, there are plenty of teams at schools all across the country that are constantly beating them out for titles. 

Take a look at these photos proving life at an Ivy is no different from life at any other top university in the country. 

SEE ALSO: What it's really like to be a student at Harvard

DON'T MISS: The oldest college in every US state

Growing up, it's easy to think of Ivy League colleges as the pinnacle of higher education in every way.



Whether you watched "Gilmore Girls" ...



... "Legally Blonde" ...



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0 500 million Marriott customers have had their data hacked after staying at hotels including W, Sheraton, and Westin

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Marriott hotel

  • Around 500 million people have had their data hacked after staying at hotels brands including W and Sheraton, Marriott said on Friday.
  • A breach in the Starwood guest authorization database meant that millions of people had a combination of their name, address, passport number, date of birth, and other information stolen.
  • An unspecified number of people also had their credit card information taken. It is encrypted, but Marriott said that the hackers may have taken the information needed to decrypt it.
  • Marriott said it informed law enforcement about the incident and is supporting the investigation.

Marriott has announced a massive breach of data belonging to 500 million guests who stayed at hotel brands including W, Sheraton, and Westin.

Marriott announced on Friday that it had "taken measures to investigate and address a data security incident" that stemmed from its Starwood guest authorization database.

The company said it believes that around 500 million people's information was accessed, including an unspecified number who had their credit card details taken. It affects customers who made bookings on or before September 10, 2018.

Marriott said that this credit card information was encrypted, but that it is possible that the hackers also took the information necessary to decrypt them.

For around 367 million of those affected, Marriott said, the information taken includes some combination of their name, mailing address, phone number, email address, passport number, date of birth, gender, and other information around their Starwood account.

The company determined on November 19 that there had been unauthorized access to the Starwood database, which contained information from guests who stayed in Starwood properties on or before September 10 of this year.

Starwood brands include:

  • W Hotels
  • St. Regis
  • Sheraton Hotels & Resorts
  • Westin Hotels & Resorts
  • Element Hotels
  • Aloft Hotels
  • The Luxury Collection
  • Tribute Portfolio
  • Le Méridien Hotels & Resort
  • Four Points by Sheraton
  • Design Hotels

"Marriott reported this incident to law enforcement and continues to support their investigation.  The company has already begun notifying regulatory authorities," the company said.

Arne Sorenson, Marriott’s President and Chief Executive Officer, said: "We deeply regret this incident happened.

"We fell short of what our guests deserve and what we expect of ourselves.  We are doing everything we can to support our guests, and using lessons learned to be better moving forward."

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NOW WATCH: How Alibaba turned a fake holiday into a $25 billion shopping extravaganza that's bigger than Black Friday and Cyber Monday combined

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0 Trump defends 'very legal' conversations about Trump Tower Moscow after Michael Cohen admitted lying about the project

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Donald Trump Arms crossed

  • President Donald Trump said his exploration during the 2016 campaign of building a Trump Tower in Moscow was "very legal."
  • His statement came one day after his longtime lawyer and fixer Michael Cohen admitted lying about the project.
  • Cohen's guilty plea confirmed that Trump was not being truthful when he denied having financial interests in Russia during the 2016 campaign.
  • Cohen is expected to give dozens of hours of testimony, which could severely damage Trump.

President Donald Trump defended having "very legal" conversations about building a Trump Tower in Moscow during the 2016 presidential election, one day after his longtime fixer Michael Cohen admitted lying about the project.

Trump, who is in Argentina to attend the G20 summit, tweeted on Friday morning:

"Oh, I get it! I am a very good developer, happily living my life, when I see our Country going in the wrong direction (to put it mildly). Against all odds, I decide to run for President & continue to run my business-very legal & very cool, talked about it on the campaign trail...

"...Lightly looked at doing a building somewhere in Russia. Put up zero money, zero guarantees and didn’t do the project. Witch Hunt!"

Cohen, who served as Trump's personal lawyer and fixer, on Thursday pleaded guilty to making false statements to Congress about the Trump Organization's plans to build a Trump Tower in Moscow. The company ultimately did not go ahead with the project.

Prosecutors said Cohen knowingly misled congressional investigators when he said negotiations for the deal ended in January 2016 and that he did not discuss it extensively with Trump Organization executives.

Read more: Michael Cohen's latest plea deal shows Mueller's 'starting to finally get to the truth' behind Trump and Russia

Michael Cohen

Cohen's guilty plea was a confirmation that Trump was not being truthful when he denied having any financial interests in Russia during the campaign, according to reporting by Business Insider's Sonam Sheth.

It also adds context to other meetings and financial dealings between Trump campaign associates and Russian nationals during the 2016 election.

Cohen is expected to give dozens of hours of testimony that could severely damage Trump. The president called his former lawyer a liar and a "weak person" after the announcement of the plea deal:

Read more: Trump's team can't seem to get its story straight on whether Michael Cohen is a liar

Two law-enforcement officials also said that Cohen discussed the idea with a spokesman for Dmitry Peskov, Putin's press secretary, BuzzFeed News reported.

The Trump Organization also reportedly wanted to give Russian President Vladimir Putin the penthouse in the building.

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0 The glamorous partners of the world's best tennis players, including a tech millionaire, an MLS heavyweight, and a friend of Prince William

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Serena Williams and husband Alexis Ohanian arriving at the royal wedding

  • Tennis is one of the most stylist sports you can watch.
  • It's only natural that its athletes end up in relationships with some of the most glamorous people on the planet.
  • We've profiled the boyfriends, girlfriends, husbands, and wives of the tennis stars.
  • The list includes a friend of Prince William's, a tech millionaire, and an American soccer heavyweight.

Tennis is one of the most stylish sports in the world.

The men and women on the ATP and WTA Tour get to serve in some of the most famous cities in the world, competing for prizes that run into the millions.

But they are not the only ones bringing the glamour. No — their partners can often be just as interesting.

INSIDER has profiled the boyfriends, girlfriends, husbands, and wives of some of the most popular athletes in men's and women's tennis — and some pretty impressive people make the list.

The list is ranked in ascending order by the number of Grand Slam tournaments each tennis star has won.

Keep scrolling to meet 11 of the most glamorous partners of the best tennis players in the world.

11. Nick Kyrgios and tennis player Ajla Tomljanović.

Ajla Tomljanović is a tennis player in her own right, though lesser-known than her boyfriend Nick Kyrgios, who is one of the most polarising personalities in the sport despite never having won a Slam.

Tomljanović, 25, turned professional in 2008, broke into the top 50 ranked women in 2014, and reached her first WTA final in 2015. She is yet to win a WTA tournament, but has reached a final on three separate occasions — two of which arrived in 2018.

Tomljanović may be one to watch to watch next year, and could be seen practicing with Kyrgios should they be competing in the same event on the same day.



10. Karolína Plíšková and sports commentator Michal Hrdlička.

Michal Hrdlička, husband of 2016 US Open finalist Karolína Plíšková (who has also never won a Grand Slam), is a media personality and comments on sports events for Czech Republic television shows.

He has a particular interest in winter sports, soccer, and tennis, and began dating Plíšková in 2016. They got married in Monaco in 2018.



9. Sloane Stephens and Toronto FC striker Jozy Altidore.

Jozy Altidore is one of the most famous names in American soccer.

He burst onto the scene as a promising 16-year-old at New York Red Bulls in 2006, before moving to Europe to play for the La Liga team Villarreal in 2008. He represented the Dutch team AZ and the Premier League side Sunderland, before moving back to the MLS in 2015 to play for Toronto FC.

He is a two-time U.S. Soccer Athlete of the Year, has played for the United States men's national team 110 times, and has scored 41 international goals.

Altidore can often be seen supporting girlfriend one-time Grand Slam winner Sloane Stephens, the 25-year-old 2017 US Open Champion, at tennis events and has been spotted in the crowd at the 2017 Rogers Cup (see above) and the 2018 French Open.



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0 MORGAN STANLEY: Buy these 25 growth stocks to profit from huge gains, even if the global economy tanks

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traders

  • Morgan Stanley's equity analysts expect 2019 to be a year of consolidation for the stock market. 
  • They compiled a list of 25 stocks that should be able to grow their earnings independently of broader market weakness or an economic slowdown.

The stock market has reached a critical juncture that changes the game for investors, according to analysts at Morgan Stanley.

They expect the growth companies that have led gains for most of this bull market run to give way to value stocks. Also, they expect valuation metrics like price-to-earnings ratios to matter more than earnings growth in stock selection.

But don't take this viewpoint as the death knell for companies with outsized growth. Morgan Stanley expects select stocks to continue growing their earnings — and, subsequently, their stock prices — even as the market consolidates. Additionally, these companies offer competitive advantages like market share gains and pricing power that should help them continue growing even if there is a slowdown in the global economy.

In a client note, they listed 25 of these North American companies that have been classified as growth companies for 48 straight months, and have generated positive revenue growth in each of the last 12 quarters. 

What's more, only stocks they rated overweight or equal-weight made the cut.

That's where Morgan Stanley's work ends, however. The analysts cautioned that investors still need to study the specific risks and opportunitities attached to each company so they know the range of outcomes to expect. But they have high conviction that these 25 names will stand tall in the face of market adversity.

Here are the stocks:  

SEE ALSO: MORGAN STANLEY: The best group of stocks to own has shifted for the first time in years — here's why it will be more permanent than most investors expect

1. Adobe

Ticker: ADBE

12-month performance: 41%

Comment: "Adobe is participating in a ~$108B total addressable market (TAM) with strong secular tailwinds around digital content creation, digital marketing,and eCommerce," Keith Weiss said. 

"As Adobe integrates recent acquisitions of Marketo and Magento into an already rich product portfolio, we see the possibility for the company to widen its competitive moat. Together, we see these secular forces supporting both revenue and above-market EPS growth."

Source: Morgan Stanley



2. Alphabet

Ticker: GOOGL

12-month performance: 5.5%

Comment: "As the dominant player in paid search, Google continues to benefit from secular growth as advertising dollars shift into digital," Brian Nowak said. 

"Google also owns YouTube, the leader in online video advertising, an industry we believe will grow by nearly 25% from 2017 to 2020 to ~$22bn in the US alone."

Source: Morgan Stanley



3. Amazon

Ticker: AMZN

12-month performance: 44%

Comment: "As the dominant player in US eCommerce, Amazon continues to experience secular growth as retail dollars shift online," Nowak said.

"As Amazon scales its logistics network and expands its Prime membership program globally, we see a significant opportunity to capture a larger piece of the ~$1tn worldwide eCommerce market (ex China)."

Source: Morgan Stanley



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0 Goldman Sachs has formulated these low-risk, high-reward trading strategies to help investors profit from the G20 summit

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trump trading floor tv

  • The results of the G20 meeting are expected to send ripples through the stock market. But those fluctuations will largely hinge on how constructive the talks are.
  • Goldman Sachs has uncovered multiple low-risk, high-reward trading strategies to help investors navigate the uncertain landscape.

In the US stock market, the further away a company is from President Donald Trump's trade war, the better.

But in an investing landscape with so much going on, it can be difficult to pinpoint which areas of the market are the most vulnerable to new trade-war headlines.

That's where the derivatives strategy team at Goldman Sachs comes in. The firm has studied the seven periods of volatility surrounding various trade-war headlines this year, and it's identified a 21-company basket of stocks it says is particularly exposed to new developments.

Those seven instances are outlined in the chart below, which also shows that the select group has trailed the S&P 500 by nearly 40% since March.

Screen Shot 2018 11 29 at 11.42.14 AM

With these stocks identified, it would seem the most prudent approach is to avoid them entirely. But Goldman has other ideas. It says traders can make relatively low-risk bullish bets on these stocks, which could end up paying off in spades if the G20 meeting is more constructive than expected.

If this happens, it could trigger a rebound in the trade-war-exposed group, leading to gains for investors positioned accordingly. As such, Goldman recommends buying calls on each of the 21 companies included.

What makes this strategy even more appealing is the lack of downside risk. Goldman notes that, even if trade tensions ratchet higher during the G20 meeting, the worst that could happen is traders losing the premium they paid for options — which they calculate at roughly 3%.

"We are not making a call on the outcome of trade talks and the G20, but we see an opportunity in the options market for investors to express a view that trade news could be more constructive than feared by buying calls on the stocks that have lagged," the firm's strategists wrote in a recent client note.

So what stocks are actually included in the group? Here's Goldman's full list, ranked in order of cheapest 1-month calls betting on a 5% increase in the underlying stock.

Screen Shot 2018 11 29 at 12.21.23 PM

But Goldman's recommendations don't end there. The firm also says investors should consider buying calls on exchange-traded funds that have exhibited more volatility around trade news. It's an approach similar to the single-stock trades outlined above, except it's intended to profit from rebounds in full downtrodden sectors. 

To that end, Goldman has selected the SPDR ETFs tracking the industrials, materials, semiconductor, and technology industries as the best fits for this strategy. Here's a quick summary, with the four funds ranked in increasing order of one-month implied volatility:

Screen Shot 2018 11 29 at 12.55.05 PM

SEE ALSO: An investment director at a $150 billion firm warns that US companies are engaging in a risky, unsustainable practice — and explains why traders should be looking overseas

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NOW WATCH: There's so much CO2 in the atmosphere that planting trees can no longer save us

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0 British tech billionaire Mike Lynch charged with fraud in the US over $11 billion Autonomy sale

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Mike Lynch

  • The US has charged British tech billionaire Mike Lynch with 14 counts of fraud over the sale of his company Autonomy to Hewlett-Packard in 2011.
  • The charges allege that Lynch and Autonomy's former vice president for finance, Stephen Chamberlain, inflated the firm's earnings from 2009 to 2011.
  • "These stale allegations are meritless and we reject them emphatically," Lynch's lawyers said in a statement.

The US has charged British tech billionaire Mike Lynch with fraud over the sale of his company Autonomy to Hewlett-Packard.

Lynch sold Autonomy to HP for $11.7 billion (£9.2 billion) in 2011. A year later, HP's CEO claimed the company had wildly inflated its earnings, and subsequently wrote it down by $8.8 billion. In response Lynch launched a countersuit, claiming HP was scapegoating him for its own incompetence.

On Thursday, the US Department of Justice filed 14 charges of fraud against Lynch in a San Francisco court, along with Autonomy's former vice president for finance Stephen Chamberlain. The charges carry a maximum sentence of 20 years in prison.

The charges allege that Lynch and Chamberlain inflated Autonomy's earnings from the beginning of 2009 until October 2011, when it announced its sale to HP. The DoJ is also seeking to make Lynch return the $815 million he made from selling Autonomy.

In a statement sent to Business Insider, Lynch's lawyers said he will "vigorously defend" the charges. Clifford Chance's Chris Morvillo and Reid Weingarten, of Steptoe & Johnson, said:

"This indictment is a travesty of justice. Mike Lynch is a world-leading entrepreneur who started from nothing and spent his life building a multi-billion dollar technology business that solved critical problems for companies and governments all around the world. These stale allegations are meritless and we reject them emphatically.

"This case is unsupportable. It targets a British citizen with rehashed allegations about a British company regarding events that occurred in Britain a decade ago. It has no place in a US court. The claims amount to a business dispute over the application of UK accounting standards, which is the subject of a civil case with HP in the courts of England, where it belongs.

"There was no conspiracy at Autonomy and no fraud against HP for the DoJ to take up. HP has a long history of failed acquisitions. Autonomy was merely the latest successful company it destroyed. HP has sought to blame Autonomy for its own crippling errors, and has falsely accused Mike Lynch to cover its own tracks.

"Mike Lynch will not be a scapegoat for their failures. He has done nothing wrong and will vigorously defend the charges against him."

Autonomy's former chief financial officer Sushovan Hussain was convicted of fraud in April. Hussain is currently trying to overturn the conviction.

Lynch was also an early investor in UK-based cybersecurity unicorn Darktrace. According to its last filing at Companies House, Lynch is a director at Darktrace.

SEE ALSO: Security startup Darktrace is now worth $1.65 billion after raising $50 million

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0 Inside Eurostar's business lounge at London's St Pancras train station, which has a free cocktail bar with its own brand of gin

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champagne

  • The Eurostar is the high-speed train that links London to European cities like Paris and Amsterdam.
  • On a recent weekend trip to Paris, I checked out Eurostar's newly revamped lounge for Business Premier passengers at London's St. Pancras International.
  • It was pretty luxurious — and even has a free cocktail bar with its own brand of gin.

The Eurostar, the high-speed train that links London to European cities like Paris, Brussels, Amsterdam, and Marseille, is arguably one of the best ways to travel — especially in business class.

Called "Business Premier," passengers travelling in this cabin are treated to express check-in and complimentary drinks and fine dining on board, as well as access to a lounge which was recently given a shiny new cocktail bar.

Read more: I drank at the best bar in the world, and I was surprised by one thing

On a recent weekend trip to Paris, I checked out the new business lounge at London's St. Pancras International.

Here's what it's like inside.

SEE ALSO: I've lived in London for 5 years — here are the 50 places where you should actually eat

The Eurostar, the high-speed train that links London to European cities like Paris, Brussels, Amsterdam, and Marseille, is arguably one of the best ways to travel — especially in business class, where the experience starts before you even get on board.



After getting through security and passport control, Business Premier passengers can turn right for the brick-exterior entrance to the two-floor business lounge.



The first floor is sleek and stylish, with glass, exposed brick, and blues and greys.



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0 Canada, U.S. and Mexico sign USMCA trade agreement

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Canada, U.S. and Mexico sign USMCA trade agreement

The leaders of Canada, the United States and Mexico are signing the new USMCA trade agreement while in Argentina for the G20 summit.

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0 A giant Trump baby blimp that the president says makes him 'feel unwelcome' has followed him to the G20 summit in Argentina

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trump baby balloon

  • A giant blimp of a baby Donald Trump made the president feel very "unwelcome" when he came to London in July, he said.
  • Now it has followed him to join protestors at the G20 summit held in Buenos Aires, Argentina, on Friday and Saturday. 
  • The six-meter blimp was launched in London and has followed Trump to Paris and Ireland too.
  • Trump is scheduled to meet world leaders at the two-day event, but has already said he won't meet Russian President Vladimir Putin because of the situation in Ukraine.

A giant baby blimp that President Donald Trump said made him "feel unwelcome" when it greeted him in London has followed him to the G20 summit in Argentina.

The six-meter balloon, which hovered 100 feet over the ground outside parliament in London, welcomed Trump on July 13, but the president told British newspaper The Sun: "I guess when they put out blimps to make me feel unwelcome, no reason for me to go to London."

The balloon is now drifting above the Plaza del Congreso, Buenos Aires, where the president landed on Thursday to begin critical talks held as part of the G20 summit.

It's right outside the Palace of the Argentine National Congress, the home of the Argentine legislature. 

Trump is expected to speak with several world leaders, including President Xi Jinping of China, at the summit, but his itinerary has already been streamlined, with Trump tweeting he was going to cancel a planned head-to-head with Russian President Vladimir Putin.

He wrote: "Based on the fact that the ships and sailors have not been returned to Ukraine from Russia, I have decided it would be best for all parties concerned to cancel my previously scheduled meeting in Argentina with President Vladimir Putin."

Trump also forced a scheduled one-on-one meeting with Japanese Prime Minister Shinzo Abe into a "trilateral" with Indian Prime Minister Narendra Modi.

Trump's 48-hour visit is reportedly because he prefers his own bed and likes to keep his routines.

The blimp also followed Trump to Paris on November 11, where the president was due to attend a memorial for soldiers who died in World War I, but didn't show up because of bad weather.

trump baby balloon

The blip cost $6,390 (£,5,000) to make and was the brainchild of 36-year-old Matt Bonner from London.

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0 Southwest fits all its Boeing 737 MAX planes with new safety device to avoid a repeat of the Lion Air crash that killed 189 people

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0 Kylie Jenner says she always get an extra hotel room for her clothes and makeup

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kylie jenner

  • Kylie Jenner posted a video to her fans in which she revealed she always books a second hotel room for her wardrobe and makeup.
  • The beauty entrepreneur says she also lets her 10-month-old daughter Stormi Webster play in the extra room.
  • Jenner is currently accompanying her rapper husband Travis Scott on a tour of the US.

Travelling light is a struggle for many of us.

Kylie Jenner, however, has clearly given up on even trying.

The reality TV star and cosmetics entrepreneur has revealed that when travelling, she books an extra hotel room purely for her clothes and makeup, as well as for her 10-month-old daughter Stormi Webster to play in.

Jenner, 21, is currently on the road with her husband, rapper Travis Scott, whose Astroworld tour is travelling across the States.

Needless to say, however, the couple are travelling in style — after all, Jenner is worth $900 million and is set to become the youngest ever self-made billionaire in the US.

Read more: Watch Stormi Webster steal the spotlight from her mom Kylie Jenner as she interrupts her makeup tutorial

On Wednesday, Jenner posted a video online entitled "Get ready with me on tour," in which she showed fans how she does her makeup.

But the "Keeping Up With The Kardashians" star also revealed that she travels with so many clothes and so much makeup that she requires an extra hotel room just to store it all.

"Me and Travis have our own room, and then I always get a separate room for my wardrobe, my makeup and also Stormi so she can play around and have more space when we're in hotel rooms, since she always travels with us," Jenner explained.

One closet simply isn't enough.

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0 GOLDMAN SACHS: Trump's meeting with Xi is likely to make the trade war much worse

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Trump Xi trade war

  • A note from Goldman Sachs on Friday argues that the most likely outcome of the G20 meeting is that trade tensions escalate further, with Trump moving to impose tariffs on all Chinese goods sent to the US.
  • President Donald Trump heads to Argentina for the G20 summit, and trade talks with Chinese leader Xi Jinping. 
  • Goldman Sachs sees over a 50% probability of trade war escalation. The meeting between the two is set to be a crucial moment in the trade conflict between the two nations.
  • To read more about Trump's trip to Argentina, read Business Insider's comprehensive preview of the meeting.

President Donald Trump and his Chinese counterpart Xi Jinping will meet on the sidelines of the G20 summit in Buenos Aires, Argentina this weekend, in what is among the most widely watched bilateral meetings of 2018.

There have been tentative signs that a deal may be struck, but according to analysts at Goldman Sachs, the most likely outcome of the meeting is that the trade war actually escalates.

"We currently see 'escalation' as the most likely outcome in the next few months, with slightly over a 50% probability," the note from a Goldman team led by Andrew Tilton said.

That scenario, according to the report, would mean tariff rates rise to 25% on all imports currently under tariff, while tariffs are extended to remaining Chinese imports. The other, less likely, near-term scenarios Goldman Sachs outlines in the note are a 'pause,' and a 'deal.' 

"The chances of a comprehensive deal are pretty low in the near term (10%), though rising over the course of 2019," the bank said. "By late 2019, however, we think it is likely we will have at least reached a 'pause.'"

On the line is the future of global trade, with a positive meeting likely seeing a deescalation of the trade conflict between the two countries, and a negative one threatening to see the start of a full blown trade war.

Read more: Trump claims car companies are 'pouring' into the US. The reality is a lot more troubling

As it stands, tariffs have been levied by the Trump administration on around half of all Chinese goods imported to the USA, with a value of about $250 billion. China has imposed retaliatory tariffs on around $110 billion of US goods.

An unsuccessful meeting, however, could see that number double, with the US levying tariffs on all $500 billion or so of Chinese goods that come into the USA each year. 

In such a scenario, China has threatened to retaliate in kind, placing levies on all goods imported from the US.

Tariffs

The pause scenario, Goldman says, means: "existing tariffs remain in place but the two sides agree to keep talking with escalation put on hold," the analysts wrote.

And the deal: "which we think is unlikely in the near term, would involve complete rollback of the current tariffs."

The assets most sensitive to the trade outcome are likely to be the renminbi and equities, Goldman Sachs said. 

SEE ALSO: Lost jobs, shrinking growth, and rotting crops — here are the ways Trump's trade war is hurting America

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0 George Clooney's cousin says he'd make a 'wonderful godfather' to Harry and Meghan's royal baby, and insiders say he's 'a shoe-in'

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amal clooney george clooney

  • George Clooney could be the godfather to Prince Harry and Meghan Markle's royal baby, insiders told the Daily Mail.
  • Speaking to the Mail, Clooney's cousin Ben Breslin said that the A-lister would make a "wonderful godfather" to the Duke and Duchess of Sussex's first child.
  • A source also said Clooney has "told a couple of people he has a strong hunch" he will be play a role in the royal baby's life.
  • Clooney and his wife Amal's relationship with the Duke and Duchess of Sussex became public knowledge when the A-listers attended the royal wedding in May.
  • Since then, the friends have reportedly holidayed together in the Clooneys' luxurious Lake Como villa.

Could George Clooney be godfather to a member of the British royal family?

Quite possibly, insiders say.

Speaking to the Daily Mail, George Clooney's cousin Ben Breslin said that the A-lister would make a "wonderful godfather" to the first child of Prince Harry and Meghan Markle, saying: "I'm all for it[...] He'd make a wonderful just about anything — he's a good guy."

"'I'm not in on those royal circle talks," Breslin stipulated, "but that's not to say next time he comes in we might sit down for an hour over bourbon and talk about it."

Clooney and his wife Amal's relationship with the Duke and Duchess of Sussex is well-documented.

The pair famously attended Harry and Meghan's royal wedding in May and in August, and the friends reportedly holidayed together in the Clooneys' luxurious Lake Como villa.

Read more: Meghan Markle and Prince Harry reportedly spent 3 days at George and Amal Clooney’s luxurious Lake Como villa

Amal has reportedly been a friend of Markle's for some time and helped her settle into her new home, a source told People magazine in May. "Amal has been helping Meghan settle into London life. It was a very natural friendship from day one," the insider said.

meghan markle prince harry

A source told the Daily Mail that the couples' ties are stronger than headlines let on and that Clooney has "told a couple of people he has a strong hunch" that he's a shoe-in to be godfather to their royal baby.

Markle is due to give birth in April 2019.

The Mail adds that Harry and Meghan are due to attend a star-studded dinner party next month at the Clooneys' London home alongside Barack and Michelle Obama.

Clooney has had his run-ins with Daily Mail reports about his life in the past.

In 2014, the actor published an op-ed in USA Today denying claims made by the Mail that his future mother-in-law was opposed to his upcoming marriage to Amal (then Amal Alamuddin) due to her religious beliefs.

"None of the story is factually true," Clooney said at the time. "When they [Daily Mail] put my family and my friends in harm's way, they cross far beyond just a laughable tabloid and into the arena of inciting violence.

"They must be so very proud."

The Mail was forced to apologize for its story, though it denied that it was a complete fabrication.

Only time will tell whether the Clooneys will take their place as symbolic guardians of the next member of the royal family.

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0 Matthew McConaughey admitted he's never played a part that was 'as good as I'd hoped it would be'

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matthew mcconaughey

  • Matthew McConaughey says he has never done a film that's "lived up to what I imagined it could be."
  • This is despite being an Oscar-winning actor who has undergone what fans call the "McConaissance."
  • The actor originally made his mark in teen comedies and rom-coms before proving his acting chops.
  • Still, he's not satisfied.

Matthew McConaughey has come a long way.

Put on the map with teen comedy "Dazed and Confused" in 1993, he went on to play love interest roles in rom-coms like "The Wedding Planner" and "How to Lose A Guy in 10 Days" before truly proving his acting chops with the likes of "Dallas Buyers Club," where he plays a man living with AIDS.

His rise to acclaim has even been dubbed the "McConaissance," a term which he says he "doesn't mind."

However, McConaughey, now 49, has admitted he still isn't happy.

In a revealing interview with The Guardian, the actor admitted he's "never done [a film] that's lived up to what I imagined it could be."

"I’ve have never been in a film or given a performance that was as good as I'd hoped it would be," he said. "I've come close. I've seen some that are close."

Read more: Will Smith celebrated his 50th birthday by bungee jumping out of a helicopter over the Grand Canyon — and his message afterwards was pretty inspiring

He added that he's "been a part of a bunch of films that I highly respect and really have a love for and think are great."

"I’ve done performances that I’m very happy with and I’m like, 'Good job, McConaughey!'" — which makes sense, since he took home a "Best Actor" Oscar and a Golden Globe for his performance in "Dallas Buyers Club."

However, he added: "But nothing that I've ever thought..." then trailed off, finishing: "And I don't think I'll do one that does."

He went on to say that the movie he's worked on that was "closest to the script" was actually crime drama "Mud."

"There was like one scene different and the dialogue is almost exactly what Jeff Nichols wrote," he told The Guardian.

Of his time in rom-coms, he said: "The things that were really interesting me, I wasn’t getting offered."

He went on: "In life in general — but also specifically in our business — there’s an initiation process and people don’t just let you in. I didn’t have many people let me in on some things and years later I’m going: 'Come on, man, you could have just told me that; it took me seven years to figure it out!'"

Despite struggling to be cast in the right films, he claims he "didn't go seeking" for more mature roles.

"This is just the next chapter. I didn’t go seeking. I didn’t go: 'I want roles where I can really transform, I want roles where I can get skinny or fat.' You look at the character and I go: 'Well, who is that?'"

His upcoming projects include "White Boy Rick," a biographical crime drama based on Richard Wershe Jr., as well as thriller "Serenity" with Anne Hathaway, comedy "The Beach Bum," and Guy Ritchie gangster film "Toff Guys."

"I’m still getting off on acting," he said. "I'm not bored at all. Acting is like a working vacation for me. I can’t wait to go to work. I’m scared about it, I love it. I love the adrenaline of it. I’m confident with it. I’m surprised with it. It spooks me in a good way.

"I really like the adventure and experience of diving into it. It’s an excavation. It’s a construction. It’s architecture, building something. I’m happy. I look forward to it."

Still, he added: "I don’t make many films my kids can see yet but I look forward to them one day looking at my stuff and going: 'Oh, I see what Dad was doing!'"

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0 Trump says he will be 'very productive' at the G20 summit after report claimed he would rather stay at home

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donald trump

  • President Donald Trump said he would have a "very busy" and "very productive" two days at the G20 summit in Argentina this weekend.
  • His tweet comes as The Associated Press reported that he deliberately cut short his travel abroad because he liked to stay at home.
  • Others leaders arrived earlier and will likely stay for longer.

President Donald Trump said he would have a "very productive" 48 hours at the G20 summit in Buenos Aires this weekend after a report said he deliberately cut short his time abroad because he likes to stay home in his own bed.

Trump arrived in Argentina on Thursday night and tweeted that he had "a very busy two days planned."

He added that he "will be very productive!"

The tweet followed an Associated Press (AP) report that Trump packed in eight high-level meetings with world leaders during his 48 hours at the G20 summit this weekend.

Trump enjoys following his routine and sleeping in his own bed, the news agency reported.

Read more: Trump reportedly planned a lightning-quick G20 trip because he likes to stay at home

According to the AP, Trump's schedule is so tight that a previously planned, one-on-one meeting with Japanese Prime Minister Shinzo Abe will turn into a "trilateral" meeting when Indian Prime Minister Narendra Modi joins them halfway.

Current and former White House officials told the AP that Trump had at time expressed his frustration about overseas travel, and they have cut short his trips to please him.

One of the focal points of Trump's flying visit will be a meeting with President Xi Jinping of China.

As Business Insider's Bob Bryan reports, the talk has the potential to alter the course of Trump's trade war with China, with huge ramifications for both economies.

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0 The Stories Slide Deck: How Stories stack up across social platforms (FB, SNAP)

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In the last few years, there’s been a major shift as to how consumers interact with social media.

Rather than posting content that lives on the platform in perpetuity, users are now posting and viewing more “Stories,” video or images that live for only 24 hours.The Stories Slide Deck

Many platforms have introduced some form of Stories format — whether it be Facebook, Instagram, Snapchat or WhatsApp. Snapchat was the company to introduce it to the world, but Instagram has surpassed it in terms of volume and perhaps usability.

Business Insider Intelligence has compiled a slide deck that looks into how Stories work on Instagram and Snapchat, and how brands and publishers should be using the Stories feature to reach their audiences.

This exclusive deck can be yours for FREE today. As an added bonus, you will gain immediate access to our exclusive BI Intelligence Daily newsletter.

To get your copy of the FREE slide deck, simply click here.

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0 Pro-EU MPs plot amendment to take over Brexit talks as Theresa May refuses to back down

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Hilary Benn

  • Labour and Conservative MPs table amendment which gives Parliament control over Brexit if Theresa May's deal fails to win support. 
  • The amendment, tabled by leading Labour MP Hilary Benn, would give MPs the authority to say what steps the UK government should take if May's deal cannot get through Parliament.
  • Possible next steps include extending negotiations, a softer Brexit, or holding another referendum.
  • The prime minister is refusing to budge on her deal despite the prospect of a landslide defeat next week.
  • 100 Conservative MPs have said they will vote against the deal.

LONDON — A cross-party group of MPs have launched a bid to give the House of Commons the power to decide what action the UK government should take if Theresa May's Brexit deal cannot get through Parliament.

Labour MP Hilary Benn is the lead signatory on an amendment to the meaningful vote which if passed would give MPs control over the next steps in the Brexit process should May's Brexit deal with the EU fail to win support.

In practice, it means that should Parliament refuse to accept the prime minister's deal, MPs could instruct her to extend negotiations, hold another referendum, or pursue a different sort of Brexit like a softer, Norway-style exit.

The amendment — backed by MPs like Labour's Yvette Cooper and Conservative MP Sarah Wollaston — could determine the outcome of Brexit with MPs almost certain to vote down May's deal on December 11.

As of Friday morning, 100 Conservative MPs have said they will not support the prime minister's deal. Neither will the DUP which props up May's government or a vast majority of MPs in Labour and the other opposition parties.

Despite the prospect of a landslide defeat, May is currently refusing to budge on her Brexit deal with the EU.

Travelling to Argentina on Friday, she told journalists that she would not switch to Labour's policy of a permanent customs union with the EU, claiming: "I’ve been very clear about my position, we won’t be in the customs union."

She also refused to discuss the possible options if her deal is unable to get through Parliament.

"It has always been said we wouldn’t get to this position of having a deal. Now we’ve got to the position of having a deal, all you seem to want to be asking about is the next stage," the prime minister said.

May also refused to discuss what will happen if her Brexit deal is voted down during a forensic question and answer session with senior MPs on Thursday, repeatedly insisting: "I am focused on the meaningful vote."

Labour's Shadow Brexit Secretary, Sir Keir Starmer, has tabled an amendment of his own which seeks to guarantee that Britain won't leave the EU without a deal no matter what happens in the upcoming vote on May's deal.

Liam Fox

The prime minister has been boosted by pro-Brexit members of the Cabinet like Liam Fox who have agreed to stay in government and support her deal despite concerns about the details of the agreement.

Trade Secretary Fox will today use a speech in Bristol, southwest England to encourage Conservative MPs to get behind May and her controversial deal. He is set to say: "In politics, we cannot always have the luxury of doing what we want for ourselves — but we have an abiding duty to do what is right for our country."

He is set to add: "The deal we’ve reached will give us a firm and stable base on which to leave the EU and build this country’s global future... Now is the time to set aside our differences."

Andrea Leadsom, another leading government Brexiteer, still has significant reservations with the deal — specifically the backstop for avoiding a hard border on the island of Ireland — allies of the MP have told Business Insider.

However, she is set to vote for the deal next week, as Environment Secretary Michael Gove and International Development Secretary Penny Mordaunt, who have both been tipped to quit a government over May's deal.

SEE ALSO: The UK government admits Brexit will inevitably leave Britain poorer

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0 How to build a wind turbine for cities

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James Dyson Award winners

In this week's issue of our environment newsletter, we look at a prize-winning design for a new wind turbine, and what climate change skeptics are thinking.

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0 Supreme Court rules today in 'critically important' press freedom case

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Vice RCMP 20160301

Canada's top court will release a decision this morning in a high-profile case that pits journalists' ability to protect their sources against police officers' ability to conduct investigations.

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0 LCX Now Licensed to Provide Crypto Trading Services in Liechtenstein

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LCX Now Licensed to Provide Crypto Trading Services in Liechtenstein

Liechtenstein cryptocurrency exchange LCX has been granted a license to provide crypto trading services for utility and payment tokens. The exchange will be offering four main crypto services including a custody service and a fiat-to-crypto exchange in partnership with Binance.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

A Regulated Exchange

LCX Now Licensed to Provide Crypto Trading Services in LiechtensteinLCX announced on Tuesday that it has been granted “a business license of the Liechtenstein Ministry of Economic Affairs to conduct its business in Liechtenstein (Gewerbebewilligung).”

An LCX representative told news.Bitcoin.com:

With this license, we got the permission from the regulator to provide crypto exchange trading services for utility and payment tokens. So, we can offer an exchange to investors, to safely trade utility and payment coins (stable coins for example), that is approved by the regulator.

LCX Now Licensed to Provide Crypto Trading Services in LiechtensteinThe representative added that LCX can now offer “services that other crypto exchanges offer … in a regulatory compliant manner.” As a regulated exchange, LCX says that it will apply the “highest technology standards for KYC [know-your-customer] and AML [anti-money laundering] to safeguard fulfillment of all regulatory requirements for AML and KYC.”

The Liechtenstein Blockchain Act defines three different types of tokens: utility, payment, and security.

“We also want to offer security token trading to our clients,” he emphasized, noting that LCX has increased its nominal capital from 100,000 CHF (~$100,400) to 1,000,000 CHF in order to apply for additional licenses, such as the Financial Market Authority (Fma) license, to be able to trade security tokens and offer other regulated services.

Upcoming Services

The company plans to offer four key products. One is a trading platform for security tokens and other cryptoassets. The second is a crypto custody service called LCX Vault.

LCX Now Licensed to Provide Crypto Trading Services in Liechtenstein

LCX Now Licensed to Provide Crypto Trading Services in LiechtensteinThe third is called LCX Terminal which integrates the APIs of major exchanges — such as Binance, Bittrex, Coinbase, Poloniex, and LCX’s own exchange — into a single trading desk. This product recently entered the closed-beta phase. The company described it as “a trading desk for crypto assets equipped with portfolio management, analytics platform, auto trading functionality and audit reporting — [an] integration of major exchanges.”

The fourth is a fiat-to-crypto exchange unveiled in August in partnership with Binance. This exchange will offer the trading of Swiss francs and euros against major cryptocurrencies.

The LCX representative explained to news.Bitcoin.com:

The moment we decide we’re ready to integrate our exchange into the terminal we can go public with this product … All other products are in development and will be announced and made public in the near future.

Furthermore, he noted that LCX’s exchange services “can be offered in a global manner,” adding that “we will be setting new standards in terms of KYC and AML, which every client of LCX should pass.”

What do you think of LCX’s plans to provide crypto-related services? Let us know in the comments section below.


Images courtesy of Shutterstock and LCX.


Need to calculate your bitcoin holdings? Check our tools section.

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