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Star Wars: The Force Awakens Becomes Top-Earning Movie of All Time in North America

Star Wars: The Force Awakens has become the top-earning movie of all time in North America after unseating Avatar, Disney says.

According to Disney studio, the JJ Abrams movie has passed the $760.5 million taken by Avatar over its lifetime, but has yet to give official figures.

In December 2015, Star Wars: The Force Awakens became the fastest film to take $1 billion at the global box office.

However, Avatar, which was released in 2009, still holds the global record.

Avatar took $2.8 billion across the world, as compared to The Force Awakens worldwide earnings of $1.6 billion to date.Star Wars Force Awakens crushes Avatar

The Force Awakens is already the fourth highest-grossing global movie of all time after just three weeks in release, but analysts believe it will have to play well in China, where it opens on January 9, to beat the record set by Avatar.

Disney thanked its fans for helping it clinch the domestic record, saying that without them “there is no Star Wars.”

“There has indeed been an awakening – and it’s all thanks to you,” Disney said, in a statement released on January 6.

Star Wars: The Force Awakens returns the action to “a galaxy far, far away” some 30 years on from the action of 1983’s Return of the Jedi.

The movie, which reunites the original trilogy stars, Harrison Ford, Carrie Fisher and Mark Hamill alongside newcomers including Daisy Ridley and John Boyega, scored the biggest US Christmas Day box office takings in history with $49.3 million.

The Force Awakens also smashed the record for the biggest box office debut weekend globally – when it opened on December 16, in most countries – with ticket sales of $529 million.

Top 5 US Box Office Hits:

  1. Star Wars: The Force Awakens (2015)
  2. Avatar (2009)
  3. Titanic (1997)
  4. Jurassic World (2015)
  5. Marvel’s The Avengers (2012)

https://www.youtube.com/watch?v=DlLZah38Jzw

Marc Bolland to Leave Marks and Spencer in April

Marks and Spencer CEO Marc Bolland will leave the company in April, the retailer said as it announced its Christmas results.

Marc Bolland will be succeeded by Steve Rowe, executive director of general merchandise.

Third-quarter sales of general merchandise were down by 5.8% for the thirteen weeks to December 26.

However, M&S said it had an “excellent quarter” for food, with record sales in the Christmas week.

Investors reacted positively, with Marks and Spencer shares rising more than 1% in morning trading in London.Marc Bolland to leave Marks and Spencer

There was no pressure on Marc Bolland to leave from shareholders or the board, Marks and Spencer chairman Robert Swannell said on a conference call with reporters.

Marc Bolland is retiring after six years in the role.

“There has been absolutely no pressure at all on Marc [to leave],” Robert Swannell said, adding that succession planning had been “rigorous”.

Planning Marc Bolland’s succession had not been done “quickly on the back of an envelope”, but instead had been a process that had gone on “for years”, Robert Swannell added.

He declined to discuss whether Marks and Spencer had considered external candidates, but said the company had used “external benchmarking” during a “thorough, rigorous process” to select candidates.

Marc Bolland had informed the board in the summer of 2015 of his intention to leave in mid-2016, he said.

Steve Rowe will receive a salary of £810,000 ($1.21 million) from April 2, 2016, as part of his chief executive remuneration package, the company said.

He has been employed by Marks and Spencer for more than 25 years, and has had roles including director of retail and e-commerce and positions in general merchandise.

Marks and Spencer’s third quarter general merchandise sales, which include clothing, were “disappointing”, the company said.

The 5.8% drop in sales was put down to “unseasonal conditions and availability”. Retailers such as Next also blamed unseasonably warm weather in December for disappointing sales.

However, food sales for Marks and Spencer were up 0.4% in Q3, and the retailer said it had record sales in the Christmas week, up 17%.

Online sales rose more than 20% in Q3, it added.

Marks and Spencer has had recurrent problems in general merchandise for a number of years.

North Korea Hydrogen Bomb: US, South Korea and Japan United in Response

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South Korea, Japan and the United States have said they will be united in their response to North Korea’s claim to have successfully tested a hydrogen bomb.

North Korea said it carried out the test on January 6.

If confirmed it would be North Korea’s fourth nuclear test, and its first of the more powerful H-bomb.

The UN Security Council has also agreed to start drawing up new measures against North Korea.

However, skepticism remains over whether North Korea really did conduct such a test.

Experts have said the seismic activity generated by the blast was not large enough for it to have been a full thermonuclear explosion.

The White House said President Barack Obama had spoken separately to South Korea’s President Park Geun-Hye and Japan’s PM Shinzo Abe.

They “agreed to work together to forge a united and strong international response to North Korea’s latest reckless behavior”, it said in a statement.

PM Shinzo Abe told reporters: “We agreed that the provocative act by North Korea is unacceptable… We will deal with this situation in a firm manner through the cooperation with the United Nations Security Council.”Response to North Korea hydrogen bomb test

He added that Japan may take unilateral action, saying it is “considering measures unique to our nation”.

South Korea’s presidential office said in a statement that Presidents Geun-hye and Barack Obama had agreed to closely co-operate and that the international community “must make sure that North Korea pays the corresponding price” for the nuclear test, reported Yonhap news agency.

The UN Security Council held an emergency session on January 6 and condemned the test claim as “a clear threat to international peace and security.”

Japan’s ambassador to the UN, Motohide Yoshikawa, called for a swift and robust new UN resolution, insisting: “The authority and credibility of the Security Council will be put in question if it does not take these measures.”

However, the UN ambassador for Russia, which has been developing warmer relations with Pyongyang, said it would be going “too far” to say Moscow supported further sanctions.

Meanwhile, South Korea has begun limiting entry to the Kaesong industrial park in North Korea, jointly run by both countries. Only those directly involved in operations there will be allowed to enter from the South, said Seoul’s Unification Ministry.

South Korea has also said it will restart propaganda broadcasts across the border on January 8, an act which North Korea strongly opposes. The broadcasts were stopped in 2015 as part of a deal with North Korea to ease tensions that had escalated sharply in the summer.

The nuclear test came days before North Korean leader Kim Jong-un’s 33rd birthday, which falls on January 8 and is expected to be marked by celebrations.

Hydrogen bombs are more powerful and technologically advanced than atomic weapons, using fusion – the merging of atoms – to unleash massive amounts of energy.

Atomic bombs, like those that devastated two Japanese cities in World War Two, use fission, or the splitting of atoms.

South Korea’s intelligence agency also told politicians that the estimated power of the blast fell far short of what would be expected from a hydrogen bomb.

Some analysts have suggested it is possible Pyongyang tested a “boosted” atomic bomb, which uses some fusion fuel to increase the yield of the fission reaction.

The United States and nearby countries are thought to be carrying out atmospheric sampling, hoping to find leaked radioactive material, which would give clues as to what kind of device was tested.

https://www.youtube.com/watch?v=_ZPFP6cSQk8

China Stocks Trading Suspended Second Time in a Week

The Chinese share trading has been suspended again after shares fell more than 7% for the second time this week.

The “circuit-breaker” rule, introduced to stem volatility, was triggered in the first 30 minutes of trading, making it China’s shortest ever trading day.

Investors are nervous after China’s central bank moved to weaken the yuan.

This indicates that Beijing is looking to boost exports, as China’s economy may be slowing more than expected.

The CSI 300 index, which triggers the trading halt, fell 7.2% to 3,284.74. The index is a collection of blue-chip stocks from Shanghai and Shenzhen, and first sparked a 15-minute trading halt after it fell 5%.

The mainland benchmark Shanghai Composite index also fell 7.3% to 3,115.89, while the tech-heavy Shenzhen Composite lost 8.3% before trading was stopped entirely for the day.China stocks trading suspension January 2016

It was the shortest trading day in the 25-year history of China’s stock market.

After the trading suspension, the China Securities Regulatory Commission announced that major shareholders could not sell more than 1% of a company’s shares within three months as of January 9.

It comes as a previous six-month ban of stock sales by major shareholders is set to expire on January 8.

Recent moves by Beijing to depreciate the yuan have ignited fears that the world’s second-largest economy is slowing more than expected and could trigger another wave of competitive currency devaluation in the region.

China’s central bank set a weaker yuan guidance rate for the eighth day, pushing the offshore yuan to 6.5646 per US dollar – which is the lowest level since March 2011.

A weaker yuan makes the cost of exporting goods for Chinese companies cheaper, giving the slowing factory sector a boost.

After disappointing manufacturing data on January 4, the mainland benchmark index plunged 7%, triggering a global equities sell-off.

The negative sentiment spilled over the border to Hong Kong, where the Hang Seng index also lost 2.8% to 20,393.14 in afternoon trade.

Meanwhile, Brent crude prices hit new 11-year lows on oversupply concerns, also weighed on investors’ confidence.

Japan’s Nikkei 225 index finished down 2.3% to 17,767.34, while Australia’s S&P/ASX 200 index lost 2.2% to 5,010.30 as energy shares dragged down the market.

South Korea’s Kospi index ended lower by 1.1% to 1,904.33 points as geopolitical tensions rose after North Korea’s nuclear test on January 6.

Eitam Lachover: Israeli TV Reporter Stabbed While Testing Protective Vest

Israeli journalist Eitam Lachover has been stabbed accidentally while demonstrating a protective vest for a TV report.

The Israel’s Channel 1 reporter was asked to don the supposedly knife-proof jacket and be stabbed several times in front of the camera.

But the knife penetrated the vest and Eitam Lachover suffered a slight cut to his back which required stitches.

Israeli soldiers are due to receive the same safety vest following a recent wave of stabbings by Palestinians.

Photo APTN
Photo APTN

Yaniv Montakyo, a vice president of the company that makes the vest, told Israel’s Channel 2 that he had stabbed Eitam Lachover in a section of the vest where there had been no protective material.

He said that an earlier recording had been successful and the reporter had not been harmed.

Linda Bar, a spokeswoman for Israel’s state broadcaster, said the report would be broadcast on January 6 despite the mishap.

Eitam Lachover said on Twitter that he was discharged from hospital after receiving the stitches.

https://www.youtube.com/watch?v=8d-png8qHLo

LA Methane Leak: California Governor Declares State of Emergency

California Governor Jerry Brown has declared a state of emergency in a suburb of Los Angeles over the leaking of methane gas from an underground storage field.

The governor ordered “all necessary and viable actions” be taken to stop it.

More than 2,000 families have been moved from their homes and many people have reported feeling ill because of the leakage, which began in October.

It stems from a vast underground storage field in Porter Ranch, on the outskirts of Los Angeles.

Gas is spewing into the atmosphere at a rate so fast that the well now accounts for about a quarter of the state’s total emissions of methane – an extremely potent greenhouse gas.

The well is situated in a mountainous area more than a mile away from residential areas, but residents have complained of health effects like headaches, nausea, vomiting and trouble breathing.Porter Ranch methane leak

Methane – the main component of natural gas – is a very strong greenhouse gas, capable of trapping solar radiation in the atmosphere.

It belongs to a category of gases called short-lived climate pollutants.

While methane and other short-lived pollutants remain in the atmosphere for a relatively short time compared to other gases, the California Air Resources Board says that “when measured in terms of how they heat the atmosphere, their impacts can be tens, hundreds, or even thousands of times greater than that of carbon dioxide”.

Residents have been complaining of nausea, headaches and other symptoms, but the utility company says that “scientists agree natural gas is not toxic and that its odorant is harmless at the minute levels at which it is added to natural gas”.

Health officials in the area have said the long-term effects of being exposed to the gas are unknown.

The utility company is providing temporary accommodation or funds for the displaced residents, and several thousand people in Porter Ranch have been relocated while the gas continues to leak and repairs take place.

Only 2,200 families have been relocated even though 6,500 have applied for help, CBS News reports.

“You have kids going to school outside their neighborhoods, families that are living in hotels,” says Paula Cracium, president of the Porter Ranch Neighborhood Council.

“The longer this goes on the more stress there is.”

North Korea H-Bomb: UN Security Council to Take New Measures

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The UN Security Council has announced it will begin work immediately on new measures against North Korea, after Pyongyang claimed it had tested a hydrogen bomb.

The council condemned the test, saying “a clear threat to international peace and security continues to exist”.

This is North Korea’s fourth nuclear test since 2006, but if confirmed would be the first of an H-bomb.

However, the US has joined nuclear experts in questioning whether the blast was large enough for such a test.

White House spokesman Josh Earnest said “initial analysis was not consistent with North Korea’s claims of a successful hydrogen bomb test”.

Josh Earnest added: “Nothing that has occurred in the last 24 hours has caused the United States government to change our assessment of North Korea’s technical and military capabilities.”

The Security Council held an emergency session on January 6. It was called by the US, Japan and South Korea.

Uruguay’s UN Ambassador Elbio Rosselli, current president of the council, said: “The members… recalled that they have previously expressed their determination to take further significant measures in the event of another [North Korea] nuclear test.

“In line with this commitment and the gravity of this violation, [they] will begin to work immediately on such measures in a new Security Council resolution.”North Korea hydrogen bomb 2016

Josh Earnest said North Korea’s isolation had “deepened as they have sought to engage in increasingly provocative acts”.

Japan’s ambassador to the UN, Motohide Yoshikawa, called for a swift and robust new UN resolution.

Motohide Yoshikawa said: “The authority and credibility of the Security Council will be put in question if it does not take these measures.”

However, Motohide Yoshikawa and other members have not spelled out what they will be or when the resolution could be adopted.

Russia’s UN ambassador said it would be going “too far” to say Moscow supported further sanctions.

North Korea’s tests in 2006, 2009 and 2013 triggered UN sanctions, with 20 entities and 12 individuals on a UN blacklist.

If an H-bomb test were confirmed, it would mark a major upgrade in North Korea’s nuclear capabilities.

Hydrogen bombs are more powerful and technologically advanced than atomic weapons, using fusion – the merging of atoms – to unleash massive amounts of energy.

Atomic bombs, like the kind that devastated two Japanese cities in World War Two, use fission, or the splitting of atoms.

A South Korean politician, Lee Cheol-woo, said he was briefed by the country’s intelligence agency that the blast “probably falls short” of a hydrogen detonation.

Suspicions that North Korea had carried out a nuclear test were raised when an earthquake was registered near the Punggye-ri nuclear site in North Korea at 10:00 Pyongyang time, with the tremors rattling Chinese border cities.

Hours later, in a surprise announcement, a newsreader on North Korean state TV said: “The republic’s first hydrogen bomb test has been successfully performed at 10:00 am on January 6, 2016.”

A note signed by North Korea leader Kim Jong-un authorizing the test said 2016 should begin with the “stirring explosive sound” of a hydrogen bomb.

China and Japan are reported to have been trying to detect radiation.

Oil Price Falls to 11-Year Low

Oil price has fallen below $35 a barrel for the first time in 11 years.

Brent crude sank by 4.2% to $34.88 a barrel, surpassing its late December fall, and taking the price to its lowest level since July 1, 2004.

The price of US crude dropped 3.3% to $34.77 a barrel.

The sharp falls followed a short-lived rally on January 4 after Saudi Arabia severed diplomatic ties with Iran.

Analysts said fears over the worsening relations between Saudi Arabia and Iran, which had initially raised concerns about possible supply disruptions and boosted the oil price, had now been overtaken by pessimism over oil cartel OPEC ever agreeing on a production ceiling.

Photo Reuters
Photo Reuters

Historically, OPEC has cut production to support prices. But led by Saudi Arabia, by far the group’s most powerful member, the group has resolutely refused to trim supply this time.

Rising tensions over Saudi Arabia’s execution of Shia cleric Sheikh Nimr al-Nimr mean that any agreement is now deemed less likely than ever.

Since mid-2014, oil prices have slumped 70% mainly because of oversupply. This in turn is largely due to US shale oil flooding the market.

At the same time, demand has fallen because of a slowdown in economic growth in China and Europe.

Iranian oil exports are also expected to rise later this year once Western sanctions against Tehran for its nuclear program are lifted, increasing the oversupply of oil.

OPEC is hoping that refusing to cut production will help to drive US shale producers out of business, believing that they will fall victim to lower prices long before its own members, and has forecast that prices will recover to $70 a barrel by 2020.

Goldman Sachs has warned that oil prices could go as low as $20 a barrel, but most analysts are expecting the price to stabilize in the second half of the year as supply from non-OPEC nations slows and demand remains relatively robust.

Donald Trump Questions Whether Ted Cruz Is Eligible to Become GOP Nominee

Donald Trump has questioned whether rival candidate Ted Cruz is eligible to become a GOP nominee because he was born in Canada.

The Republican presidential front-runner called it a “very precarious” issue for the party and said that Ted Cruz’s nomination could be challenged in court.

Ted Cruz was born in Calgary to an American mother and a Cuban father.

Most legal experts believe Ted Cruz meets the requirements to be president.

The Cruz campaign responded by saying Donald Trump had “jumped the shark” – a pop culture reference to when a TV show or fad has overreached and fallen into decline.

Photo Getty Images
Photo Getty Images

The Texas senator is performing well in polling in the early voting state of Iowa. While Donald Trump leads most polls, several surveys show Ted Cruz is the top choice of likely Republican voters.

Candidates for US president must be a “natural born citizen” – interpreted as being born in the US or having one parent who is a US citizen; be 35 years of age or older; live in the US for the past 14 years.

Much of Donald Trump’s support comes from independents, disillusioned Democrats and people who have never voted before.

Some analysts are predicting that Ted Cruz will win because of how the voting process is structured in Iowa.

The caucus format requires more time and dedication from voters than a typical US primary election.

Before Donald Trump became a presidential candidate, the New York tycoon had repeatedly questioned President Barack Obama’s citizenship.

Barack Obama was born in Hawaii to an American mother and a Kenyan father.

Authorities in Hawaii and Barack Obama both provided detailed birth records after some conservatives such as Donald Trump questioned where he was born.

Barack Obama’s allies have said the “birther” movement was a racist effort to discredit the county’s first black president.

https://www.youtube.com/watch?v=4bV_nzD7B9Q

Netflix Goes Live in Nearly Every Country in the World

Netflix has extended its service to nearly every country in the world.

The streaming service company announced it had switched on its service in 130 additional countries.

Netflix said it was still trying to expand to China. The other exceptions are North Korea, Syria and Crimea, where it is banned from operating by US law.

The announcement was made by Netflix CEO Reed Hastings at his keynote speech at the CES tech show in Las Vegas.

Reed Hastings also confirmed that Netflix would begin offering HDR (high dynamic range) content later this year.

Netflix shares jumped to about 8% over their opening price following the announcements.

Reed Hastings said Netflix was in talks with the Chinese government, but acknowledged it would take time to reach an agreement.

“It’s a very large country, you know a billion Chinese that we want to give access to the Netflix content,” he said.

“In China you need specific permission from the government to operate, so we are continuing to work on that and we are very patient.”

As part of its expansion, Netflix has added support for Korean, Chinese and Arabic to its list of supported languages.

That brings the total number – in which the firm provides subtitles, captions and alternative audio – to 21 languages.

Reed Hastings added that Netflix would initially focus on expanding the reach of its existing content rather than commissioning extra locally-made shoNetflix at CES 2016ws.

For consumers who already have Netflix, the biggest change may be the addition of HDR.

High dynamic range video allows compatible TVs to show millions more colors and a wider dynamic range – added shades of brightness in between black and white – letting more detail be shown.

Many experts believe the impact is greater than that of just jumping from 1080p to 4K ultra-high definition resolution alone. One consequence of using the format, however, is that it requires more data, and few TVs support it yet.

Reed Hastings said users with compatible TVs should get a “visceral sensation that’s pretty amazing”.

Netflix’s rival, Amazon, began streaming a limited number of shows in the format in 2015.

https://www.youtube.com/watch?v=Nz7wvfUa_Jc

Pierre Boulez Dies in Baden-Baden Aged 90

Composer Pierre Boulez has died on January 5 at his home in Baden-Baden, Germany, aged 90, his family has said.

In a statement, the French composer and conductor’s family said: “For all those who met him and were able to appreciate his creative energy, his artistic vigor… will remain alive and strong.”

As well as being a world-famous composer and conductor, Pierre Boulez was a prolific writer and pianist and head of the music venue The Paris Philharmonic.

Pierre Boulez was also the founder and former director of the Paris based Institut de Recherche et Coordination Acoustique/Musique and was famed for his work alongside leading experimental composers such as Karlheinz Stockhausen and Olivier Messiaen.

French PM Manuel Valls paid tribute to Pierre Boulez on Twitter: “Courage, innovation, creativity, this is what Pierre Boulez meant to the world of French music, of which he made a beacon of light throughout the world.”

French President Francois Hollande said in a statement: “Pierre Boulez made French music shine throughout the world. As a composer and conductor, he always wanted to reflect on the ages.”Pierre Boulez dead at 90

Pierre Boulez had been considered one of the most influential voices in the contemporary music since the 1950s and, as a conductor, he was in demand on both sides of the Atlantic.

One of his particular trademarks as a conductor was that he shunned the baton, always choosing to conduct with his hands.

As a composer, Pierre Boulez’s work was noted for its difficulty, with one of his most celebrated works, Le Marteau Sans Maitre, being inspired by the complexity and lack of formal artistic structure of surrealist poetry.

Born in the Loire region of France in 1925, Pierre Boulez began his musical career at the Conservatoire in Paris, one of the world’s most celebrated music schools.

He graduated in 1945 and, still only 21, became musical director of the theatre company of Jean-Louis Barrault and Madeleine Renaud.

During this period Pierre Boulez composed violent early pieces such as his first two piano sonatas and Livre Pour Quatuor for the string quartet.

Pierre Boulez’s career as a conductor took off in the 1950s, during which time he performed with the Sudwestfunk (South-West German Radio).

He also began acting as guest conductor for some of Europe’s leading orchestras and festivals.

His rebellious nature also led him once being briefly detained by Swiss police on suspicion of being linked to terrorist activities in the period of heightened security soon after the 9/11 terror attacks.

Swiss authorities confiscated his passport in the town of Basle, where he had been conducting at a music festival, after discovering he had said in the 1960s opera houses should be blown up and therefore considered him a potential security threat.

Pierre Boulez was also conducted into the Gramophone Hall of Fame in 2012.

Huawei Smartphone Revenue Jumps 70% in 2015

Huawei Technologies’ revenue jumped 70% to more than $20 billion in 2015 from a year ago on strong smartphone sales.

The Chinese tech giant, one of the biggest smartphone vendors behind Apple and Samsung, said that its shipments also rose 44% to 108 million units in 2015.

Huawei’s growth figures come as it launched its latest flagship smartphone – the Huawei Mate 8 – in Las Vegas.

The company’s telecom devices for carriers, such as routers, are banned in the US.

Huawei is also one of the world’s largest telecommunications companies, but has been blocked from participating in broadband projects in the US and Australia over espionage fears.

Photo Huawei
Photo Huawei

Other businesses, such as consumer electronic products including mobile devices, are allowed into the US market.

Huawei’s smartphone business has been growing rapidly. Earlier this year, the company said sales had jumped almost 40% in the first half of 2015.

The growth in 2015 smartphone sales is being attributed to strong sales in China and Western Europe.

The company’s new premium Huawei Mate 8, unveiled at the Consumer Electronics Show (CES) in Las Vegas, is priced at $644 for the base model.

Huawei has previously said it wants to shed its low-cost appeal and produce high-margin premium devices to challenge Samsung and Apple at the top end of the market.

US Gun Sales Rise Ahead of Control Measures

The US gun sales are rising, just as President Barack Obama unveils control measures designed to limit the availability of weapons.

Smith & Wesson’s shares rose to their highest value since 1999 ahead of Barack Obama’s announcement.

On January 4, Smith & Wesson raised its sales estimate, saying the market was “stronger than originally anticipated”.

The number of background and CRB checks on potential buyers – a guide to future sales – has also risen.

The National Instant Criminal Background Check System said that checks were up by about 38% last month compared with December 2014.

Smith & Wesson’s trading update said that for the three months ending January 31 it expected sales to be about $175 million-$180 million. Earlier guidance put the likely figure at between $150 million and $155 million.Gun sales and control measures

The gunmaker said that “the sell-through rate of its products at distribution has been stronger than originally anticipated, resulting in reduced distributor inventories of its firearms”. That means guns are being bought faster than Smith & Wesson is supplying them.

The company said its net profit was $14.2 million for the period, compared with $5.2 million for the same period last year.

In December, Smith & Wesson reported that profits had nearly tripled for the three months to October and net sales have increased 38% over the last five years.

On January 4, the White House unveiled proposals for gun control measures that require more sellers to get licenses and more gun buyers to undergo background checks.

The US Bureau of Alcohol, Tobacco, Firearms and Explosives will require that people who sell guns at stores, at gun shows or over the internet be licensed and conduct checks.

The bureau is also finalizing a rule requiring background checks for buyers of dangerous weapons from a trust, corporation or other legal entity.

News of the stronger gun market saw Smith & Wesson’s shares up 11% on January 5, despite stock markets in general falling sharply. Competitor Sturm Ruger’s share rose 7.28% to a 52-week high.

China Stock Market Trades Higher after Recent Big Falls

China stock market traded higher on January 6, recovering some of the steep losses made earlier this week on concerns about the economy.

The Shanghai Composite index was up 1.8% to 3,348.22 as measures from regulators to support the stock market started to have an impact.

Local reports said the securities regulator would keep in effect its ban on share sales by major shareholders until new rules were released.

The ban was set to expire on January 8.

It was put in place six months ago at the height of the mainland stock market sell-off over the summer and locked up an estimated 1.24 trillion yuan ($190 billion) worth of shares.

Photo AFP/Getty Images
Photo AFP/Getty Images

The 7% plunge in the Shanghai market on January 4, which led to the suspension of trading for the first time, triggered a global equities rout.

Beijing’s decision on January 5 to inject cash into the falling market also helped soothe fears.

Economic data that suggested activity in China’s services sector expanded at its slowest pace in 17 months in December had little impact on investors’ confidence.

The Caixin/Markit purchasing managers’ index (PMI) fell to 50.2 from 51.2 in November. A reading above 50 suggests growth in the sector, while one below that suggests contraction.

Hong Kong’s Hang Seng index failed to match the positive run from the mainland market and was down 0.7% to 21,042.89.

Traders in the rest of Asia were cautious after a North Korean nuclear test heightened geopolitical tensions.

North Korea claimed that it had successfully tested a hydrogen bomb on January 6, drawing widespread criticism from around the world.

South Korea’s Kospi index finished down 0.3% to 1,925.43, but the index was already lower before the news of the bomb.

Japan’s Nikkei 225 index ended lower by 1% to 18,191.32, while Australia’s S&P/ASX 200 closed down 1.2% to 5,123.1.

Shares of Japanese electronics maker Sharp fell 3.3% after reports that the troubled tech company is expected to book an operating loss of at least 10 billion yen ($84 million) for the nine months to December.

North Korea Successfully Tests First Hydrogen Bomb

North Korea claims it has successfully tested a miniaturized hydrogen bomb which, if confirmed, would be its fourth nuclear test since 2006.

It came after a 5.1-magnitude quake was detected close to its nuclear test site at Punggye-ri, indicating a test may have been conducted.

This is North Korea’s first claim to have tested a H-bomb – more powerful than an atomic bomb.

International experts have cast doubt over North Korea’s nuclear capabilities.

Suspicion of an underground test was first raised after the US Geological Survey said the epicenter of the quake – detected at 10:00 Pyongyang time – was in the north-east of the country, some 30 miles from Kilju city, near Punggye-ri.North Korea hydrogen bomb test 2016

Then in a surprise announcement, a newsreader on North Korean state TV said: “The republic’s first hydrogen bomb test has been successfully performed at 10:00 am on January 6, 2016.”

It could be days or weeks before independent tests are able to verify the claim.

In December 2015, North Korean leader Kim Jong-un said Pyongyang had developed a hydrogen bomb, although many experts were skeptical.

Hours before the seismic activity, South Korean media reported that Pyongyang had test-fired a ballistic missile from a submarine in late December. It is unclear whether the test was successful or not.

In May 2015, North Korea claimed it had successfully launched a missile from a submarine.

Strong reaction started pouring in after the North Korean announcement of the hydrogen bomb test, with South Korea saying it was a serious challenge to global peace and a violation of UN Security Council resolutions.

Japan’s PM Shinzo Abe said it was a threat to Japan’s safety and could not be tolerated.

The US called on North Korea to abide by its international commitments and obligations saying it would respond to provocations.

After previous tests, the international community has responded with economic and political sanctions.

https://www.youtube.com/watch?v=2iKzYlfOnK8

Gun Controls: Republicans Denounce Barack Obama’s Executive Actions

Republicans have denounced President Barack Obama’s executive actions to tighten gun controls.

House of Representatives Speaker Paul Ryan said the executive orders, which bypass Congress, “undermined liberty” and would be challenged in court.

Donald Trump said that, if elected, he would reverse the measures.

In an emotional address on January 5, Barack Obama accused the gun lobby of holding the country hostage.

Wiping away tears, Barack Obama recalled the 2012 Sandy Hook primary school shooting in which 20 children and six adults were killed.

Barack Obama’s executive actions involve:

  • Background checks for all gun sellers, overturning current exemptions to some online and gun show sellers
  • States providing information on people disqualified from buying guns due to mental illness or domestic violence
  • Increased workforce for the FBI to process background checks, hiring more than 230 new examiners
  • Congress being asked to invest $500 million to improve access to mental healthcare in the US
  • The departments of defense, justice and homeland security exploring “smart gun technology” to improve gun safetyRepublicans and gun control

The largest gun lobby group, the National Rifle Association (NRA), said Barack Obama’s steps would not have prevented any recent mass killings in the United States.

Correspondents say the announcement is already shaping up to be an issue in the 2016 presidential election.

Republican presidential hopeful Donald Trump said that he would “un-sign” the measures if elected to the White House – a sentiment echoed by other Republican presidential candidates.

Senator Ted Cruz tweeted that the executive actions were unconstitutional, with a link to sign up for his campaign correspondence on a web page that says “Obama wants your guns”.

Jeb Bush, also a Republican candidate, tweeted that he would repeal the actions and protect the Second Amendment.

Barack Obama announced the law change at the White House, surrounded by survivors and relatives of victims of shootings.

“The gun lobby may be holding Congress hostage right now, but they can’t hold America hostage,” he said.

Gun violence is significantly higher in the US than in other advanced countries, killing about 30,000 people each year.

Sales of guns in the US appear to have risen recently amid speculation that the White House was going to tighten the law.

Shares in gunmaker Smith & Wesson rose to their highest value since 1999 ahead of Barack Obama’s announcement.

Congress has been reluctant to pass any laws restricting gun ownership, facing pressure from gun owners and the NRA.

Save Time While Shopping with These Handpicked Daily Deal Sites

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There are so many deals available during and after the holiday season. It’s tough to feel secure in knowing what truly is the best price. Scanning retailer websites can be time-consuming enough, but walking from shop to shop in a mall or shopping center can a real chore.

Mobile shopping 

 Save-Time-While-Shopping-with-These-Handpicked-Daily-Deal-Sites

The numbers are in from Black Friday. Of course, online sales were up from last year, but what may be surprising are the mobile numbers. In a Mobile Marketing story, Ben Frederick wrote that mobile app revenue was way up compared with other Fridays in November and Cyber Monday.

One way to take advantage of the mobile trend in a way that can save time and money while shopping at brick-and-mortar stores is to use the DailySale website to find the deal of the day per category or to use the search bar. It’s a great way to tell whether a local sale is a truly good deal or just hype. Most of the items on the website include free shipping. Sales tax on orders depends on the buyer’s state.

Timing is effective

 

The end of the year is a good time to save on certain categories consumers might not need immediately. Tools usually are marked down quite a bit in December, according to Jason Notte of The Street. That roadside emergency kit might come in handy, someday. It sure beats waiting on AAA.

Golf clubs are another bargain at the end of the year. Why pay more for the 2016 model, when the 2015 model is just fine? Other December deals to look for include gift cards, cookware and Christmas decorations, says Jon Lal of U.S. News and World Report.

Buying these items well in advance of the next season or birthdays can be like visiting a theme park on the first day of school. Prices will be low, and no one will be around to get in the way. This brings up another advantage to shopping online.

Mobile shoppers can enjoy the best of both worlds. They can browse the aisles of the brick-and-mortar stores, photograph the items they want with their cellphone, walk past the checkout lines and order the items they want potentially at a lower price from the comfort of their car in the mall parking lot. It will feel like shopping on an isle away from the masses.

Make a plan

 

Deal of the day websites can help knock off email spam and endless Googling. One way to reduce search time frustration is to make a list of the items needed including the name brand. Hopefully, the list is not too long.

Consumers can plug in the search terms from their list at the same time every day or take a more relaxed approach and check every few days. This method maximizes the chances of finding a deal and reduces time spent searching.

Of course, this technique is most practical for relatively big-ticket items such as laptops and cellphones. A proactive approach should produce faster and more valuable results than sampling putting items into a wish list on a retailer’s website or signing up for individual retailer email alerts. Who cares whether the price of a Nikon camera dropped $1?

With deal of the day websites, shoppers can get the thrill of finding a great price without the agony of trudging through the mall or hunting for shipping policies on retailer websites. Savvy shoppers won’t have to enter their personal and financial information into a slew of retailer websites just see whether a promo code works. The best Daily Deal websites have their codes prominently displayed.

Of course, while checking out specific items on the deal websites, consumers might run across impulse buys, but at least they’ll be buying them at a discount therefore reducing the regret buyers sometimes face, according to Science Of Us.

Burger King Launches 5 for $4 Value Menu

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Burger King has begun selling a five-item meal for $4 on January 5, a deal that marks its answer to the recently-launched McDonald’s McPick 2 and Wendy’s 4 for $4 deals.

The new Burger King promotion includes a bacon cheeseburger, small French fries, small drink, 4 piece chicken nuggets and a warm chocolate chip cookie. The fast-food chain and its rivals all acknowledge they are aggressively pursuing value-conscious customers looking for the cheapest of the deals. Burger King officials did not say how long their promotion will last.

Alex Macedo, president for Burger King in North America, said the promotion builds on the company’s “strategy of bringing people into our restaurants with great tasting food at an accessible price point”.

The new deal comes as McDonald’s on January 5 launched its McPick 2 promotion, which allows customers to choose two of the following items for $2: McChicken, McDouble, mozzarella sticks, and small French fries.Burger King value menu January 2016

Wendy’s beat their burger rivals to the punch last year when the Dublin, Ohio-headquartered chain introduced its 4 for $4 deal that includes a junior bacon cheeseburger, 4 chicken nuggets, small fries and a drink.

It’s not just the fast food burger giants that are fighting for customers looking for lots of food for little money.

On January 4, Pizza Hut launched a seven-item value menu in which each item is $5 if the customer purchases two or more. The menu options includes one-topping medium pizzas, eight boneless wings, pasta, double order of breadsticks, chocolate chip cookie pizza, brownies, and four Pepsi beverages.

McDonald’s is initially testing its McPick 2 for five weeks, but has already expressed confidence that it will be a winner in driving sales. Company officials downplay concerns that customers will trade down for cheaper items and depress overall sales.

“So far in the tests, we have done  we haven’t seen that,” McDonald’s chief marketing officer Deborah Wahl told reporters ahead of the launch.

Barack Obama Unveils New Restrictions on Gun Purchases

President Barack Obama has unveiled new restrictions on gun purchases at the White House, saying the “constant excuses for inaction” have to stop.

The White House has outlined Barack Obama’s plans for executive action, which focus on background checks.

Most of the actions can be carried out without Congressional approval.

“That’s why we’re here, not to do something about the last mass shooting, but to prevent the next one,” Barack Obama said.

“The gun lobby may be holding Congress hostage right now, but they can’t hold America hostage,” he said.

Barack Obama gave his remarks surrounded by survivors and relatives of victims of shootings, recalling mass shootings across the United States in the past few years and everyday gun violence in cities like Chicago.

Gun violence is significantly higher in the US than in other advanced countries, killing about 30,000 people each year.Barack Obama gun control speech

Congress has been reluctant to pass any laws restricting gun ownership, facing pressure from gun owners and the powerful National Rifle Association.

Barack Obama tried to pass expanded background check legislation in 2012 after the shooting in Newtown, Connecticut, that left 20 children and six adults dead but it failed in Congress.

The executive actions include:

  • Background checks for all gun sellers, overturning current exemptions to some online and gun show sellers
  • States providing information on people disqualified from buying guns due to mental illness or domestic violence
  • Increased workforce for the FBI to process background checks, hiring more than 230 new examiners
  • Congress being asked to invest $500 million to improve access to mental healthcare in the US
  • The departments of defense, justice and homeland security exploring “smart gun technology” to improve gun safety

The announcement is already shaping up to be an issue in the 2016 presidential election.

Democratic presidential hopeful Hillary Clinton tweeted: “@POTUS is right: We can protect the second Amendment while protecting our families and communities from gun violence. And we have to.”

Republican candidate Senator Ted Cruz tweeted that the executive actions are unconstitutional, with a link to sign up for his campaign correspondence on a webpage that says “Obama wants your guns” with a photo of the president in an army jacket and hat.

Jeb Bush tweeted that he would repeal the actions and protect the Second Amendment.

During Barack Obama’s speech, comedian Amy Schumer, cousin of New York Senator Chuck Schumer, was in the audience. Two women died in a shooting at a movie theatre in Louisiana during a showing of her movie Trainwreck.

Gabby Giffords, a former congresswoman who survived a shooting, was there as well, in addition to many relatives of victims and survivors of mass shooting.

Sheikh Nimr al-Nimr Execution: Kuwait Recalls Its Ambassador to Iran

Kuwait has recalled its ambassador to Iran as a regional row over the execution of Shia cleric Sheikh Nimr al-Nimr in Saudi Arabia deepens.

Saudi Arabia’s embassy in Tehran was ransacked and set alight on January 2, after it executed Sheikh Nimr al-Nimr and 46 others.

The kingdom severed diplomatic ties with Iran in response, followed on January 4 by its allies Bahrain and Sudan.

The UN, United States and Turkey are among those calling for calm in the region.

Sunni Muslim Saudi Arabia and Shia Iran are major rivals for power in the Middle East and back opposing sides in the conflicts in Syria and Yemen.

Saudi Arabia insists peace efforts should not be affected by the dispute but has criticized Iran’s contribution to the process.

Iran has reiterated its condemnation of Saudi Arabia, with President Hassan Rouhani saying it cannot “hide its crime of beheading a religious leader by severing political relations with Iran”.

The Kuwaiti government said it was recalling its ambassador from the Iranian capital, describing the attacks as a “flagrant breach of international norms”.

Kuwait did not expel Tehran’s ambassador or downgrade diplomatic ties.

Saudi Arabia’s unexpected decision to carry out the executions – following convictions over terror offences – prompted an expression of “deep dismay” from the UN secretary general, while the US accused Saudi Arabia of exacerbating tensions “at a time when they urgently need to be reduced”.Sheikh Nimr al-Nimr execution Kuwait Recalls Ambassador to Iran

Since then, Saudi Arabia has gained support from some allies in its response to the attacks on its missions in Tehran and the Iranian city of Mashhad.

Saudi authorities on January 3 severed diplomatic relations with Iran. They said that all commercial and air traffic links were being cut and that Saudi citizens were banned from travelling to Iran.

As well as the moves by Bahrain, Sudan and Kuwait, the United Arab Emirates (UAE) has downgraded its diplomatic team in Iran.

On January 4, the UN Security Council issued a strongly worded statement condemning the attack on the Saudi embassy – making no mention of the execution of the cleric.

However, several of the smaller Gulf Arab states have good working relationships with Iran, and two of them, Oman and Qatar, have yet to take any action at all.

Protests against Saudi Arabia have erupted outside Iran, including in Shia-majority Bahrain, where nonetheless Sunni authorities moved to express solidarity with Saudi, clamping down on demonstrations.

Iran has responded angrily to the diplomatic moves, insisting it had no hand in the violent protests that followed the execution.

Earlier, in New York, Saudi UN ambassador Abdallah al-Mouallimi accused Iran of “interfering in the affairs of other countries, including our own”, and “taking provocative and negative positions”.

The UN’s special international envoy for peace in Syria, Staffan de Mistura, is holding talks in both countries and will be hoping the storm will blow over before a major peace conference on Syria is held towards the end of the month.

https://www.youtube.com/watch?v=jhxBr_Exrzw

China Stock Market Opens 3% Lower after Suspension

China stock market extended losses in a volatile session, following January 4 suspension of trading which led to a global equities sell-off.

The Shanghai Composite fell 0.3% to close at 3,287.71 points, although it had opened more than 3% lower.

Hong Kong’s Hang Seng index also fluctuated through the day, and ended 0.7% lower at 21,188.72.

Trading in Shanghai was suspended on January 4 under a new rule designed to limit dramatic falls in markets.

However, regulators said on January 5 they may restrict stock sales to stem falls.

Photo AFP/Getty Images
Photo AFP/Getty Images

The China Securities Regulatory Commission said it would consider restricting the proportion of shares that major shareholders could sell during a given period of time.

The Chinese central bank also injected an unexpected 130 billion yuan ($19.94 billion) into the market to keep borrowing costs down – in a move to reassure retail investors.

The measures, however, did little to prevent Chinese shares from falling in afternoon trade.

Analysts said investors were waiting to see if Beijing could stem the latest selling in Chinese stocks and whether more measures would be introduced.

The new “circuit breaker” rule that suspended trading nationwide for the first time on January 4 was created after sharp falls last summer and was meant to curb market volatility in China.

Yesterday’s 7% fall in China spooked global markets.

Overnight, US benchmark indexes lost up to 2% as concerns grew that the dive in the Chinese stocks was the start of another volatile period after last summer’s dramatic market rout.

Escalating tensions in the Middle East, which affected oil prices, also dented investors’ confidence.

Oil prices were flat after rising as much as 4% on Monday following the dispute between Saudi Arabia and Iran.

Japan’s Nikkei 225 index ended 0.4% lower at 18,374.00, while Australia’s S&P/ASX 200 closed down 1.6% at 5,184.43.

Only South Korean shares bucked the downward trend after a senior finance ministry official said the government would take action to stabilize the market if needed, following January 4 steep plunge. The Kospi finished up 0.6% at 1,930.53.

https://www.youtube.com/watch?v=eYNjDEe8Hyk

Gun Control: Barack Obama to Announce New Measures

President Barack Obama has taken actions over the US gun control laws by widening background checks on buyers of firearms.

The new measures meant to address gun violence will be announced on January 5 by the president, despite opposition from Congress to new gun laws.

All sellers who operate online or at gun shows will be forced to conduct background checks on potential buyers.

Republican presidential candidate Rand Paul said he would fight the executive actions “tooth and nail”.

Several of his Republican rivals said they would erase the measures “on day one” if they win the White House.

However, Barack Obama says his new measures will be within his legal authority and consistent with the Second Amendment, which grants Americans the right to bear arms.Barack Obama Loretta Lynch gun control laws

While they will not solve every violent crime in the US, he said, they will potentially “save lives and spare families the pain” of loss.

Under the plan announced on January 4 by the White House:

  • All sellers must be licensed and conduct background checks, overturning current exemptions to some online and gun show sellers
  • States must provide information on people disqualified due to mental illness or domestic violence
  • FBI will increase workforce processing background checks by 50%, hiring more than 230 new examiners
  • Congress will be asked to invest $500 million to improve access to mental healthcare
  • The departments of defense, justice and homeland security will explore “smart gun technology” to improve gun safety

On January 4, Barack Obama heard recommendations from Attorney General Loretta Lynch, FBI Director James Comey and other top law enforcement officials.

The Republican speaker of the House of Representatives, Paul Ryan, accused President Barack Obama of “dismissiveness” towards Americans who value the right to bear arms.

Paul Ryan said in a statement: “This is a dangerous level of executive overreach, and the country will not stand for it.”

VW Emissions Scandal: Justice Department Sues German Car Giant

VW has been sued by the US Justice Department over the emissions scandal that saw the German automaker fitting software in millions of cars to cheat emissions tests.

In September 2015, following an investigation by the US Environmental Protection Agency (EPA), VW admitted fitting the so-called defeat device on 11 million cars globally.

The emissions scandal has hit Volkswagen sales worldwide.

The German car giant has put aside billions of euros to deal with the fallout.

The lawsuit, on behalf of the EPA was filed on January 4 in a federal court in Detroit, Michigan.

“The complaint alleges that nearly 600,000 diesel engine vehicles had illegal defeat devices installed that impair their emission control systems and cause emissions to exceed EPA’s standards, resulting in harmful air pollution,” the filing said.VW sued by Department of Justice

It also alleges that VW “violated” clean air laws by selling cars that were different in design from those originally cleared for sale by the EPA.

“With today’s filing, we take an important step to protect public health by seeking to hold Volkswagen accountable for any unlawful air pollution, setting us on a path to resolution,” said assistant administrator Cynthia Giles for the EPA’s Office of Enforcement and Compliance Assurance.

“So far, recall discussions with the company have not produced an acceptable way forward. These discussions will continue in parallel with the federal court action.”

The department said the filing was just the first step in “bringing Volkswagen to justice”.

VW is also facing separate criminal charges, and a raft of class-action lawsuits filed by car owners.

The EPA says that VW fitted many of its cars with a device that was able to recognize test conditions and adjust the engine settings accordingly, with the express purpose of giving distorted readings on nitrogen oxide emissions.

VW admitted to “totally screwing up”, and there has been a shake-up in the management structure and personnel as a result. Martin Winterkorn resigned as CEO and was replaced with Matthias Muller, the former boss of Porsche.

The company is currently conducting an internal investigation that it says will “leave no stone unturned”.

VW will begin recalling millions of cars worldwide soon, and has set aside €6.7 billion to cover costs. That resulted in the company posting its first quarterly loss for 15 years, of €2.5 billion in October 2015.

With the lawsuits piling up, experts say the final costs for VW are likely to be much higher than that.

YOGA 900S: Lenovo Unveils World’s Thinnest Laptop at CES 2016

Lenovo has unveiled the world’s thinnest ultraportable, the 13-inch YOGA 900S laptop.

With a carbon fiber body, the new laptop is just a half an inch thick weighs just 2.2 pounds.

Photo Lenovo
Photo Lenovo

It comes with the latest Intel Skylake Core M7, which helps the new laptop to get an impressive 10.5 hour battery life.

The YOGA 900S will be available in March starting at $1,100 in Champagne Gold or Platinum Silver.

Lenovo’s new offerings at this year’s CES consist of nearly 40 new products, including laptops, desktops, tablets, gaming gear, and even a selfie-centric smartphone.

Scott Disick Is Dating Model Lina Sandberg

Scott Disick is dating Swedish model Lina Sandberg, multiple outlets reported.

Like Scott Disick, Lina Sandberg is no stranger to the spotlight. The model is listed as working for the prestigious Ford models agency, as well as Wilhelmina Models.

It is not known how the two initially met, but Lina Sandberg recently appeared in a music video for Diddy featuring Scott Disick’s buddy French Montana.

Lina Sandberg was reportedly born in Sweden but now resides in Los Angeles.Scott Disick and Lina Sandberg

The romance is surprising in that many people assumed that Scott Disick and his long-time partner Kourtney Kardashian would eventually get back together, and they certainly still could, but even she moved on from her boyfriend of nine years and the father of her three children.

In December 2015, it was widely reported that Kourtney Kardashian hooked up with Justin Bieber, but that it was more of a fling. That theory would go along with Justin Bieber’s Instagram account over the weekend in which he posted an image of him and Hailey Baldwin kissing.

Scott Disick was reportedly upset about Kourtney Kardashian’s fling.

On the most recent episode of Keeping Up With The Kardashians, filmed several months ago, Scott Disick teared up and admitted that he was unhappy and had suicidal thoughts.

https://www.youtube.com/watch?v=eN_9KuaFVPs