German police raid Deutsche Bank..

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The investigation centers on allegations that Germany’s biggest lender helped clients set up offshore companies in tax havens to “transfer money from criminal activities” to Deutsche Bank accounts, the Frankfurt prosecutor’s office said.

Some 170 police officers and investigators from the prosecutor’s office were searching 6 of the bank’s premises in and around the city, it added in a statement.

Deutsche Bank confirmed the raids and said it was “fully cooperating” with the authorities.

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US FORCES OPERATES IN SOUTH CHINA SEA.

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Chinese vessel reportedly shadowed the US Navy warship during the operation.

“US Forces operate in the Indo-Pacific region on a daily basis, including the South China Sea,” Christensen added. “All operations are designed in accordance with international law and demonstrate that the United States will fly, sail and operate wherever international law allows.”

” challenge excessive maritime claims and demonstrate our commitment to uphold the rights, freedoms, and uses of the sea and airspace guaranteed to all nations under international law.”

Beijing responded with a formal diplomatic protest,citing multiple US officials.

China claims the vast majority of the South China Sea, and while those claims were discredited by an international arbitration tribunal two years ago, the Chinese military has continued to bolster its presence in the region through the deployment of jamming technology, anti-ship missiles, and surface-to-air missiles.

Two days after the latest, the US Navy aggravated China again by sending a destroyer and an oiler through the Taiwan Strait. The destroyer USS Stockdale and the underway replenishment oiler USNS Pecos pushed through the closely-watched strait Wednesday, drawing some criticism from Beijing.

“We urge the United States to … cautiously and appropriately handle the Taiwan issue and avoid damaging the peace and stability of the Taiwan Strait and China-US relations,” Chinese Ministry of Foreign Affairs spokesman Geng Shuang said Thursday.

The navigation of the strait by US warships was carried out in accordance with international law, Pacific Fleet stressed.

“The ships’ transit through the Taiwan Strait demonstrates the U.S. commitment to a free and open Indo-Pacific,” Pacific Fleet told Business Insider Wednesday.

The US military has been increasingly active, both at sea and in the air, in areas China considers key national interests, as tensions between Washington and Beijing have been rising over the past year.

In addition to US Navy FONOPs, the US Air Force has regularly sent B-52 bombers into the South China Sea, occasionally drawing Beijing’s ire.

While most incidents are uneventful, the US and Chinese navies had a close call in late September, when a Chinese warship challenged a US Navy destroyer, forcing it off course through aggressive maneuvers that US officials called dangerous and unprofessional..Captain Dong..

YouTube Removes more Accounts

YouTube has removed more than 270 accounts and over 150,000 videos from its platform, and switched off commenting on 625,000 videos targeted by child predators, according to Vice News. Advertising partners including Adidas, Deutsche Bank, Cadbury, and Hewlett-Packard have frozen advertising on the platform after finding their ads were being played alongside abusive content.
YouTube has had problems with child-exploitation material being uploaded onto its platform with videos depicting children in abusive situations gaining millions of views. “Over the past week we removed ads from nearly 2 million videos and over 50,000 channels masquerading as family-friendly content,” YouTube said in a statement to V_ice_. “Content that endangers children is abhorrent and unacceptable to us.”
This comes shortly after YouTube was found to be autofilling search results with pedophiliac terms; for example, when a user searched something like “how to,” the autocomplete generator suggested “have sx kids” and “have sx with your kids.” The results, first reported by BuzzFeed, were also spotted by some users on the site, but have since been removed and were gone when The Verge tested for it in a private browserPlaceholder Image

Easy Flourless Chocolate Cake.

Ingredients 16 tablespoons (2 sticks) unsalted butter, plus additional for greasing pan 12 ounces fine-quality bittersweet chocolate (70% cacao), coarsely chopped 5 large eggs 1 cup sugar 7 tablespoons water mascarpone or whipped cream to serve Method Preheat oven to 300°F, with rack in middle. Butter a cake pan and line bottom with a round […]

via Easy Flourless Chocolate Cake

The Oil Price Decline Is Almost

Oil prices have tanked in recent weeks, driven largely by fears of growing US output and weaker global demand.

Both of these factors are legitimate concerns that dent the bullish argument, but they are far from enough to warrant such a decline in price.

In addition to Venezuela and Iran adding to the bullish case, you have the fact that OPEC would be wise (and seems committed) to cut further.

This is the new paradigm in the oil markets and investors who see prices south of $60 per barrel would be wise to consider jumping in long.
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The past several days (and really the past month or so) for oil bulls has been excruciatingly painful. This pain only compounded when, on November 13, WTI crude prices plummeted more than 7% to close at $55.69 per barrel. This is actually the lowest price point for oil since November 2017 and has been driven by fears regarding robust US production, a lack of an impact related to sanctions, and faltering demand growth. Surely, this is a painful time, and at times like this, when there’s blood in the streets, investors come to worry that the worst is just around the corner, but that appears unlikely. While prices can and will be volatile in the near term, the vast majority of data points to a world where global oil markets should end up fine from a bull’s perspective.

To be fair, there are concerns globally about output outside of OPEC and some non-OPEC nations growing, but the real concern is always the US, which is and will remain the new marginal producer of sorts. In a recent weekly filing, the EIA (Energy Information Administration), for instance, revealed that new data forced it to increase its estimate on what daily output had been each week. This revision higher amounted to 415,000 barrels per day, pushing daily output for the week ending November 2, up to 11.60 million barrels per day. Monthly data has been even scarier in a sense, with the EIA estimating that production for the month of August climbing to 11.346 million barrels per day. This was up 0.416 million barrels per day compared to July’s figures, which in turn was up 0.258 million barrels per day from June.

With growth like that, especially during a period where some capacity constraints in the Permian Basin widened differentials considerably and brought to doubt the ability of firms to transport all the crude extracted (leading to worries that production growth might slow), there are legitimate concerns about the future path that output will take. For instance, in its latest Short-Term Energy Outlook, the EIA said that fourth quarter oil production will average 11.57 million barrels per day, up from 11.24 million barrels per day in the third quarter of this year. Seeing as how at the start of November we already are at or above that level, and if the current trend for material production growth month-to-month persists, it wouldn’t be unreasonable to anticipate the EIA’s current estimate to be off.

For 2018, given how close we are to the end of the year, this may not matter a great deal, but it will matter come 2019. As of the time of this writing, the EIA anticipates that US output for next year will average 12.06 million barrels per day. In the fourth quarter of the year, this figure should be 12.31 million barrels per day. It’s difficult to anticipate such timid growth next year if recent additions are accurate.

To be fair, one positive for oil bulls appears to be the fact that a chunk of this recent increase can be tied to offshore projects coming online. In August, for instance, offshore production in the Gulf of Mexico totaled 1.932 million barrels per day. This was up 68,000 barrels per day compared to a month earlier and was 0.410 million barrels per day higher than the 1.522 million barrels per day seen in May. Over time, offshore output likely will increase, but due to their long-term development cycles, high costs, and the fact that the offshore space is still struggling to recover from the last downturn in prices, it’s probable that we won’t see the same kind of soaring output next year from the space that we did in recent months. That said, production increases can still be big.
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2019 at&t streaming services will updated.

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AT&T update: 2019 streaming service will have three tiers

A guidance and strategy update just provided by AT&T (NYSE:T) as part of its presentation to analysts holds some details on plans for a big subscription video service that it might hope will serve as its “Netflix (NASDAQ:NFLX) killer.”
The company plans to launch the streaming service in beta in Q4 2019.
It will have three levels of service, AT&T says: an entry-level package focused on movies; a premium service with original programming and “blockbuster movies”; and a third service bundling content from the first two “plus an extensive library of WarnerMedia and licensed content.”
The new service will “complement WarnerMedia’s existing business; benefit its current distribution partners; expand the audience and increase engagement around its content; and provide data and analytics to inform new products and better monetize content,” AT&T says.

TOP 20 STRONG EST BANK IN ASIA REGION.🏧

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The top 20 strongest banks in the Asia Pacific region included 10 Hong Kong banks, four Chinese banks, two Singapore banks, and one each from Australia, Brunei, Japan, Malaysia and New Zealand. Banks in Hong Kong, Singapore and Australia achieved the highest weighted average strength score, at 4.10, 3.51 and 3.34 out of 5, respectively, except for Brunei, which has only one bank on the list,” The Asian Banker said in a statement.

This recognition follows BDO’s “Mortgage Product of the Year Award” at the recently held The Asian Banker Philippines Country Awards 2018.

The award recognized the bank’s extensive network as the main driver of its consumer loans business.

BDO has a network of more than 1,000 branches nationwide, the widest in the country. It has resources amounting to nearly P2.7 trillion, making it the largest bank in the Philippines..☺

Christmas came early for some bank customers in United States when an automated teller machine (ATM) mistakenly.👇

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Authorities said that had the bank asked for the money back and the customers refused to return the bills, those who took advantage of the incident would have been charged with theft.

“There’s no free lunch,” Sgt. Joshua Northrop of Harris County Sheriff’s Office, financial crimes unit said in the report. “If you receive money that you know it is not yours, and you refuse to give it back upon demand, you can, at the discretion of the district attorney, be charged with theft.”

Apparently, the mistake was discovered on Sunday, Nov. 25, after a man withdrew cash from the ATM. The man was surprised when instead of spitting out $20 (around P1,000), the cash machine dispensed a $100 bill.

The ecstatic man posted the incident on social media, the report stated. His post went viral, prompting people to flock to the said ATM to get their hands on some extra cash.

People were able to take advantage of the mishap for two hours before the Department of Public Safety trooper alerted the Harris County Sheriff’s Office. The authorities dispersed the eager customers while the issue was being resolved. https://LodericoOchia.WordPress.com

Trump and Xi to Meet for Dinner Saturday in Pivotal Moment for Trade War.

There’s a ‘Good Possibility’ of Reaching Trade Deal With China White House economic adviser Larry Kudlow says President Trump sees “a good possibility a deal can be made” with China. President Donald Trump and China’s Xi Jinping will meet over dinner Saturday evening in Buenos Aires marking a pivotal moment in the escalating trade war […]

via Trump and Xi to Meet for Dinner Saturday in Pivotal Moment for Trade War

Facebook fixes Messenger bug which brought back old messages as new.

Facebook announced it has resolved the Facebook Messenger issue that made old messages resurface as new and unread.

Speaking with The Next Web, Facebook said, “Earlier today, some people may have experienced Facebook resending older messages. The issue, caused by software updates, has been fully resolved.”

The bug was present on a number of users’ Messenger setups, Facebook confirmed Monday, November 26.

Twitter was active as users brought up the issue, which appeared to be bringing back the old messages for a subset of users without explanation.

Some users, unfortunately, were forced to relive less-than-pleasant memories as old conversations resurfaced.

Speaking with The Verge, a Facebook spokesperson earlier said, “Some people are seeing older messages on Facebook.com. We are aware of the issue and are actively working to resolve it in as soon as possible. images

Google pays tribute to PH scientist Fe Del Mundo with a doodle

20181127-Google-Fe-Del-Mundo-National-Scientist-Pediatrics_web-620x263The doodle, which went live on Tuesday at midnight, shows her caring for a child.

Born in Intramuros, Manila, in 1911, she was known as the “Grand Dame of Philippine Pediatrics” and was the first woman to be admitted to Harvard Medical School.

She was named National Scientist in 1980, the first woman to be honored with this award.

Also known as “The Angel of Santo Tomas,” del Mundo devoted her life to child healthcare and revolutionized pediatric medicine in the process.

In fact, she was the founder of the first pediatric hospital in the Philippines, the Children’s Medical Center which was later renamed to Fe Del Mundo Medical Center.

Del Mundo was conferred the Ramon Magsaysay Award, which is Asia’s version of the Nobel Prize and the Lakandula Award with the rank of Bayani.

She was also honored the Elizabeth Blackwell Award for Outstanding Service to Mankind and was the first lay recipient of the Blessed Teresa of Calcutta Award

Russia-Ukraine tensions rise after Kerch Strait ship capture — Ukraine considers martial law.

Ukraine’s parliament is to decide whether to bring in martial law as anger over the capture of three of its naval vessels by Russia spilled into the streets overnight. Protesters gathered outside the Russian embassy in the capital Kiev and an embassy car was set on fire. The incident, in waters off the Crimean Peninsula, […]

via Russia-Ukraine tensions rise after Kerch Strait ship capture — Ukraine considers martial law

US agents fire tear gas at migrants in start of border clashes.

Border Patrol agents fired tear gas to repel rock-throwing migrants who tried to storm through a border fence separating California and Mexico Sunday. Some of the migrants, part of the caravan that traveled to the border from Central America, threw “projectiles” at border agents as they approached the fence, officials said. Video appeared to […]

via US agents fire tear gas at migrants in start of border clashes with Mexico

Taiwan leader’s ‘separatist stance’ cost election: Chinese media.

Chinese state-run media on Monday blamed the electoral defeat of Taiwanese President Tsai Ing-wen’s party on her “separatist stance”, saying it must make an “about-face” on ties with the mainland. Tsai resigned as head of the ruling Democratic Progressive Party (DPP) after it was dealt a massive loss in city and county seats during […]

via Taiwan leader’s ‘separatist stance’ cost election: Chinese media

Hundreds of Flights Have Been Canceled as the Midwest Braces for a Snowstorm.

(CHICAGO) — A winter storm blanketed much of the central Midwest with snow on Sunday at the end of the Thanksgiving weekend, bringing blizzard-like conditions that grounded hundreds of flights and forced the closure of major highways on one of the busiest travel days of the year. “It’s going to be messy,” said Todd Kluber,…

via Hundreds of Flights Have Been Canceled as the Midwest Braces for a Snowstorm.