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The latest news from Business Insider

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    gay weddings

    • A top Australian wedding magazine was forced to shut its doors after it received backlash for refusing to feature same-sex couples in its spread.
    • White Magazine's founders issued a statement explaining that it was "no longer economically viable" after advertisers began pulling out of the publication over its beliefs. 
    • According to the statement, the company took a silent stance as Australia debated and ultimately legalized same-sex marriage in December.
    • Several of White Magazine's former photographers, some of whom are queer themselves, raised the alarm to the publication's practices.
    • "It seems they're able to differentiate a photographer from their work, as long as a heterosexual couple ends up on their pages," a former photographer for the magazine wrote on Twitter. 

    A top Australian wedding magazine was forced to shut its doors after it received backlash for refusing to feature same-sex couples in its spread. 

    On Saturday, White Magazine's founders issued a statement explaining that it was "no longer economically viable," after advertisers began pulling out of the publication due to the backlash the company recieved over its exclusion of LGBTQI+ weddings. 

    According to the magazine's statement, the company took a silent stance as Australia debated and ultimately legalized same-sex marriage in December 2017. After being questioned about representation of same-sex couples in the magazine, they said their publication received "a flood of judgment," and claimed that the magazine, its advertisers, and even couples featured had "been the subject of online abuse despite their individual beliefs."

    "Instead of allowing us the space to work through our thoughts and feelings, or being willing to engage in brave conversations to really hear each other’s stories, some have just blindly demanded that we pick a side," founders Luke and Carla Burrell wrote. "We’re not about sides, we’re about love, patience and kindness."

    The founders wrote that while the publication was secular, they as publishers are Christian.

    Several of White Magazine's former photographers raised the alarm to the publication's practices. Melbourne-based photographer Tanya Volt, who identifies as queer, says the company has published some of her work in the past, but they refused to comment when pressed to take a stance on the issue. 

    "It seems they're able to differentiate a photographer from their work, as long as a heterosexual couple ends up on their pages," she wrote on Twitter

    Queer photographer Lara Hotz, whose photos have been featured on the magazine's cover in the past, told the Australian Broadcasting Corporation that the company's policy is discriminatory.

    "It appears they are happy to take money, content and photographs from LGBTQI advertisers and contributors, but are yet to support and represent us in the same way as heterosexual couples are represented in the magazine," Hotz said. 

    White's Facebook and Instagram accounts were flooded with comments calling the magazine "bigoted" and "ignorant".

    Commenters reacted to the company's announcement of its closure:

    "Good riddance," someone posted on Twitter.

    "Love is love. And as a business you should have been able to put your personal religious beliefs aside," another wrote on Facebook under the magazine's farewell message. 

    Some, however, praised the company's stance and lauded its legacy.

    "I'm sorry to hear this but am so thankful and grateful for all that you have offered to married couples over the past 12 years," one commenter wrote on Facebook.

    "Have always loved the depth & beauty that White brought to the wedding space," wrote another. 

    Similar cases of businesses taking a stance on same-sex marriage have popped up around the world. In one of the most highly publicized cases in Colorado, a Christian baker refused to bake a cake for a same-sex couple. The case was taken to the Supreme Court, which ultimately sided with the baker.

    Join the conversation about this story »

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


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    kfc chicken and waffles

    • On November 12, KFC added three new meals made with chicken and waffles to its menu.
    • The available options are chicken tenders, fried chicken, and a sandwich with Belgian Liège-style waffle buns, along with a side of Mrs. Butterworth's syrup. 
    • The fried chicken and chicken tenders remain the same as the fast-food's other chicken menu items, but the Liège-style waffles are sweeter and doughier than expected.
    • My favorite was the chicken and waffle sandwich, which had just the right balance of spicy and sweet for my taste.

    While pairing fried chicken and waffles together predates Colonel Sanders, it isn't until this year that KFC finally decided to try its hand at the iconic dish.

    After a trial at locations in Charlotte, North Carolina, this past summer, KFC started serving chicken and waffles nationwide from November 12 and will offer the dishes through December 31. 

    kfc chicken and waffles

    Meal options include waffles topped either with KFC's "Extra Crispy" fried chicken or "Extra Crispy" chicken tenders, and a chicken and waffle sandwich consisting of KFC's new "Hot Honey" fried chicken breast between two waffle buns. All three come with a side of Mrs. Butterworth maple-flavored syrup.

    Available in three different varieties, INSIDER tried KFC's new menu additions to see how they compare.

    The chicken tasted like any other KFC chicken, but the waffles made all the difference 

    kfc chicken and waffles

    For all three menu options, KFC used Belgian Liège-style waffles that are known to be dense and richer than Brussels waffles, the light and rectangular variety most popularly used in American cooking.

    Speaking to INSIDER, KFC's head chef Bob Das said the fast-food restaurant wanted to create a "new spin on a classic dish" while still maintaining the fundamentals of what makes chicken and waffles such a classic pairing.

    Das added that the company went through 15 different waffle variations before settling on the Liège-style waffle. He went on to say that the waffle is "sweeter and doughier than American style waffles," but that it combines seamlessly with KFC's fried chicken.

    KFC's chicken and waffle sandwich took me by surprise and ended up being my favorite

    KFC chicken and waffle sandwich

    As a self-professed lover of chicken and waffles, KFC entering the market was welcome news to me. Though they're fast food and not home-cooked, the dishes are still rich and a satisfying.

    KFC's use of the Liège-style waffle lent itself especially well to the sandwich, in my opinion. The waffles' density coupled with their sweetness complemented the chicken's sweet and hot flavoring. I thought the sandwich's flavor is unlike anything else on KFC's menu.

    The other chicken and waffle meals paled in comparison to the sandwich

    chicken and waffles ad kfc

    One mark against the release is that KFC lost some of its creativity with the two other dishes. In the plated chicken and waffle meals, the only new components were the addition of the waffles and syrup; the chicken remained unchanged from what KFC already offers.

    Read more: We tried fried chicken from 4 fast food chains — and the winner was clear

    I've eaten KFC's fried chicken and chicken tenders before, so there weren't any surprises there. While the sandwich took some liberties with its honey flavoring, I was a bit bored eating the plated dishes and it didn't feel like I was really getting anything new.

    That being said, I thought the waffles still paired well with KFC's chicken and made for a no-nonsense eating experience, as chicken and waffles always should.

    You can try the new chicken and waffle dishes at KFC restaurants in the US until December 31. 

    Visit INSIDER's homepage for more.

    Join the conversation about this story »

    NOW WATCH: Trump once won a lawsuit against the NFL — but the result was an embarrassment


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    Chicago Mercy Hospital shooting

    • At least four people are dead, including a Chicago police officer and a suspected gunman, after a shooting at Chicago's Mercy Hospital on Monday afternoon. 
    • The 28-year-old officer, identified as Samuel Jimenez, had just completed his probationary period local news outlets reported.

    At least four people are dead — including a 28-year-old Chicago police officer and a suspected gunman — after a shooting at Chicago's Mercy Hospital on Monday afternoon, Chicago police officials told local news media.

    The 28-year-old officer, identified as Samuel Jimenez, had just completed his probationary period local news outlets reported.

    Two other people were wounded in the shooting, according to officials cited by Reuters. The newswire service said an investigator at the Cook County Medical Examiner's office said those two had also died.

    Around 3:30 p.m. local time on Monday afternoon, Chicago Police communications officer Anthony Guglielmi tweeted that there had been reports "of shots fired in the vicinity of 26th and Michigan" and warned the public to stay away from the area.

    Screen Shot 2018 11 19 at 5.34.28 PM

    Around 4:40 p.m., a tweet from the Mercy Hospital account indicated that Chicago Police had secured the scene and that "patients are safe."

    Hours after police had secured the area, Guglielmi confirmed Officer Jimenez's death and called the shooting incident "senseless."

    "Please pray for his family, his fellow officers & the entire Chicago Department,"Guglielmi wrote on Twitter.

    Chicago Sun-Times reporter Sam Charles said he spoke to a man who was visiting his wife at the hospital, who said he heard five "rapid-fire" shots from what appeared to be a "large caliber weapon."

    Bill West, a local traffic reporter, tweeted that the hospital was being evacuated as police officers searched the building. However, he said so far there "appears to be" only one shooter. West said evacuees were being put on buses to get them away from the scene. 

    One hospital employee told the Tribune that she was in her office when she heard an announcement over the building's PA system, telling everyone to lock their doors. She was later evacuated and put on one of the buses. 

    "I don't know what happened," she told the reporter as she was ushered onto the bus. 

    "They told us to run so we did," another evacuated employee told the Tribune. 

    Another shaken employee told ABC 7 Chicago that she was "scared as hell."

    "I have never been so scared, I hear of shootings going on every day at people's workplaces, but not where I work at. This was very too close to me. That could have been us back there and if any bullets had pierced the wall we all would have been hurt," the employee said. 

    Join the conversation about this story »

    NOW WATCH: 4 lottery winners who lost it all


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    Ivanka Trump

    • White House senior adviser Ivanka Trump reportedly sent numerous emails related to internal government affairs using her personal email address.
    • The first daughter is believed to have discussed government policy in her emails, and sent her work schedule and travel information to herself and personal assistants.
    • Ivanka, who took on her unpaid White House role in March 2017, "sometimes used her personal account, almost always for logistics and scheduling concerning her family," according to a statement from a spokesman for Abbe Lowell, Ivanka Trump's attorney.
    • The spokesman claimed that none of Ivanka's emails contained classified information, adding that although she received an official email account, she did not recieve "the same guidance" other government employees received after assuming a government role.

    White House senior adviser Ivanka Trump reportedly sent numerous emails related to government affairs using a personal email address, potentially in violation of records laws, according to a Washington Post report published Monday.

    The first daughter was found to have sent hundreds of messages from her private email address to numerous White House aides, officials, and assistants, after a public-records lawsuit prompted a White House ethics invesitgation, The Post reported, citing people familiar with the situation.

    Ivanka took on her unpaid White House role in March 2017. Her spokesman, Abbe Lowell, claimed "sometimes used her personal account, almost always for logistics and scheduling concerning her family," according to a statement from a spokesman for Abbe Lowell, Trump's attorney.

    Ivanka Trump

    The spokesman asserted that none of the first daughter's emails contained classified information.

    Lowell also claimed that Ivanka did not receive "the same guidance" after assuming her role as other government employees have.

    Ivanka claimed she was unaware of the White House's email policy, and was found to have not received reminders from the White House forbidding private emails, sources said to The Post.

    Her frequent use of her private email address concerned aides, including one former senior official who described her as "the worst offender in the White House."

    Some government officials, including Treasury official Dan Kowalski, were reportedly familiar with Ivanka's personal email address, but not her official one.

    "I apologize for reaching out to you on your personal email for this, but it is the only email I have for you," Kowalski said in an April 2017 email obtained by government watchdog group American Oversight.

    "For future reference my [White House] email is [redacted]," Ivanka Trump said in her reply. "Thanks for reaching out and making this introduction."

    The emails were sent using the "ijkfamily.com" domain, which was registered in December 2016, shortly before Donald Trump took office. Emails were checked for security concerns, including viruses, by the Trump Organization, sources told The Post.

    Ivanka and husband Jared Kushner's private email accounts were scrutinized after earlier reports suggested Kushner had corresponded with White House officials, prompting congressional investigators to request a retainment of the emails.

    SEE ALSO: White House issues rules for the media after it grudgingly reinstates CNN correspondent Jim Acosta's press pass

    Join the conversation about this story »

    NOW WATCH: This top economist has a radical plan to change the way Americans vote


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    Michelle Wolf White House Correspondents' Association dinner

    • For the first time in over three decades, a stand-up comedian will not headline the White House Correspondents' Dinner. Biographer Ron Chernow, who wrote the book on Alexander Hamilton that was turned into the musical "Hamilton," will be headlining.
    • "The WHCA are cowards," last year's comedian headliner Michelle Wolf tweeted, on Monday. "The media is complicit. And I couldn't be prouder."
    • "While I have never been mistaken for a stand-up comedian, I promise that my history lesson won’t be dry," Chernow said in a statement.

    For the first time in over three decades, a stand-up comedian will not headline the White House Correspondents' Dinner. Instead the event, which will take place on April 27, 2019, will feature Ron Chernow, the noted biographer whose books include those about Alexander Hamilton, President George Washington, and President Ulysses S. Grant.

    However, comedian Michelle Wolf, who headlined last year's dinner, is not pleased. "The WHCA are cowards. The media is complicit. And I couldn't be prouder," she tweeted on Monday.

    The White House, members of the news media, and the correspondents' association criticized Wolf's edgy performance— and her roast of White House Press Secretary Sarah Huckabee Sanders this spring.

    While some said she had gone too far, others defended her, saying that the biting truth in her jokes were supposed to make people feel uncomfortable.

    Other comedians have pushed boundaries during the White House Correspondents' Dinner: Stephen Colbert lampooned President George Bush, and Larry Wilmore dropped the N-word in 2016.

    However in 2019, the WHCA is eschewing comedy as a means to speak truth to power in favor of a historical perspective — and a lesson on the First Amendment.

    "The White House Correspondents' Association has asked me to make the case for the First Amendment and I am happy to oblige," Chernow said in a statement. "Freedom of the press is always a timely subject and this seems like the perfect moment to go back to basics."

    "My major worry these days is that we Americans will forget who we are as a people and historians should serve as our chief custodians in preserving that rich storehouse of memory," Chernow continued. "While I have never been mistaken for a stand-up comedian, I promise that my history lesson won’t be dry."

    The announcement of Chernow as keynote speaker is happening as the Trump administration's relationship with the press continues to suffer. The White House this week reinstated CNN correspondent Jim Acosta's press credential after a heated exchange between Acosta and President Donald Trump earlier this month landed in court.

    The White House reacted to a judge's order to give Acosta his press credential back by announcing a set of "rules" meant to govern reporters' interactions with Trump.

    Of course this is hardly the first White House Correspondents' Dinner to break with tradition in recent years. Trump became the first president in 36 years to not attend. He skipped the dinner in both 2017 and 2018.

    SEE ALSO: White House issues rules for the media after it reinstates CNN correspondent Jim Acosta's press

    Join the conversation about this story »

    NOW WATCH: Fox News' Harris Faulkner is the only black woman in cable news with a daily show: 'It's a tremendous amount of responsibility'


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    Venezuela Nicolas Maduro Vladimir Padrino military army parade

    • The Trump administration is reportedly considering naming Venezuela a state sponsor of terror.
    • The designation would put Venezuela alongside countries like Iran and North Korea.
    • But applying the label may hinder efforts to help Venezuelans, millions of whom have fled their country.

    The Trump administration is reportedly preparing to escalate its campaign to isolate and pressure the regime of Nicolas Maduro in Venezuela by adding the government to the US's state sponsors of terror list, according to The Washington Post.

    Countries on the list have been found by the US secretary of state "to have repeatedly provided support for acts of international terrorism."

    The four main kinds of sanctions that result from designation are "restrictions on US foreign assistance; a ban on defense exports and sales; certain controls over exports of dual-use items; and miscellaneous financial and other restrictions."

    North Korea, Iran, Syria, and Sudan are the only countries on the list, which critics say has been used inconsistently.

    Trump Tillerson venezuela

    The designation has not be made, but the State Department has sought feedback on naming Venezuela to the list, according to The Post, including from the Health and Human Services Department.

    Emails to HHS officials did not name the country, but a State Department officer did say Venezuela was the country in question on a phone call with officials last week from various US agencies. The officer did not give a date, saying only that "they expect to make a decision soon," an official on the call told The Post.

    Read also: Millions of Venezuelans have fled their homes, and it's affecting the entire region — here's where they're going

    Trump has sought to pressure the Venezuelan government since taking office — his National Security Council was reportedly told that the South American country was one of his top-three priorities, alongside Iran and North Korea.

    The South American country economy has deteriorated, with the public facing political repression, health crises, and widespread violence. Government services have broken down, including healthcare, allowing disease to spread and depriving patients of treatment. Some three million people have left the country in recent years.

    Colombia Venezuela border migrants

    In August 2017, Trump said he was "not going to rule out a military option" in Venezuela, and he has raised the possibility in public and private since then. Trump's aides have reportedly dissuaded him, and US officials have met with but rebuffed inquiries from Venezuelan military officers who said they were planning a coup.

    The Trump administration has sanctioned dozens of Venezuelan officials, including Maduro.

    Republican Sens. Marco Rubio of Florida, John Cornyn of Texas, and Cory Gardner of Colorado, wrote a letter to Secretary of State Mike Pompeo in September supporting the terrorism-sponsor designation for Venezuela.

    Now read: Drug cartels make billions in the US, but somebody else is doing the selling

    The letter said Maduro's government had associated with Colombian left-wing rebel groups the Revolutionary Armed Forces of Colombia, or FARC, and the National Liberation Army, or ELN, as well as with Hezbollah, a Lebanese group recently named by the Justice Department as one of the main transnational criminal threats to the US.

    The FARC has agreed to demobilize, though some former members are still involved in criminal activity. The ELN has engaged in peace talks with the Colombian government that have not gone anywhere; the group is believed to be growing in power and present in at least half of Venezuela's states, where it has attacked the military and civilians.

    Corruption and impunity in Venezuela have allowed criminal activity to flourish, with Colombian groups deeply involved and with Venezuelan officials actively participating.

    Venezuela Colombia Cucuta migrants refugees

    However, officials have said the links to Hezbollah and other terrorist groups may be overstated. "The whole Hezbollah line has been distorted for political purposes by the more extreme elements of the US right wing," a former CIA senior official told Reuters earlier this year.

    Assessments of the potential impact of such a designation on Venezuela were mixed, according to officials who spoke with The Post.

    Naming Venezuela as a state sponsor of terrorism could interfere with efforts to support health programs in the country, though Trump could provide waivers to groups involved, William Brownsfield, a former US ambassador to Venezuela, told The Post.

    Read more: Mexican troops are in the streets to fight the drug war, and the country's defense chief says legalization may be 'a way out'

    Designating Venezuela as a sponsor of terrorism could also complicate dealings with the US oil industry, which processes most of Venezuela's crude. (Venezuela has the world's largest proven oil reserves.)

    The designation may also further efforts to portray Venezuela as a threat to US national security, though applying it and further discussion of military action may be counterproductive to the goal of forcing Maduro out of power.

    Such threats "contribute to the unity and coherence of the Maduro government and undermine opposition organization and unity," David Smilde, a Venezuela expert and senior fellow at the Washington Office on Latin America, told The Post. "Since President Trump first suggested a military option in August 2017 the Venezuelan opposition has fallen apart."

    SEE ALSO: The Justice Department just named these 5 groups as the top transnational organized-crime threats to the US

    Join the conversation about this story »

    NOW WATCH: Venezuela was Latin America’s richest country and now it is in complete crisis — here’s how it fell apart


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    Donald Trump Salute Salutes

    • President Donald Trump, in private conversations, expressed concern for his safety in potential trips to Afghanistan or Iraq to visit deployed US service members, a former senior White House official told The Washington Post.
    • "He's never been interested in going," the former official said. "He's afraid of those situations. He's afraid people want to kill him."
    • Trump also reportedly turned down the idea of visiting deployed troops because he believed he could be tied to failed military conflicts, other current and former advisers said.
    • Trump, who has yet to visit US troops in a combat zone, recently received criticism for his absence in nearly two years as commander-in-chief.

    President Donald Trump, in private conversations, expressed concern for his safety in potential trips to Afghanistan or Iraq to visit deployed US service members, a former senior White House official said in a Washington Post report published Monday.

    "He's never been interested in going," the former official said. "He's afraid of those situations. He's afraid people want to kill him."

    Trump, who has yet to visit US troops in a combat zone, recently received criticism for not making the trip. This may change, however, according to The Post and Trump's own comments. In recent weeks, Trump reportedly floated the idea to his advisers.

    "I think you will see that happen," Trump said during an interview with Fox News host Chris Wallace. "There are things that are being planned. We don't want to talk about it because of security reasons and everything else."

    Trump's immediate predecessor, President Barack Obama, visited troops in Iraq as a US senator in 2008. He made another trip to Iraq after becoming president in 2009, and went on to make four trips to Afghanistan.

    BARBARA BUSH

    Trump has also turned down the idea of visiting deployed troops because he believed he could be tied to failed military conflicts, other current and former advisers told The Post. Aides also noted that shortly after taking office, Trump was noticeably affected following an unannounced trip to receive the remains of US Navy SEAL William "Ryans" Owens, who was killed during a raid on an al-Qaida compound in Yemen.

    Although some of the preparations ahead of a president's visit to a combat zone fall squarely on the shoulders of service members, the move is generally seen as a morale boost for troops, particularly during the holiday season when many are away from their families.

    Despite his numerous claims that his support for the military is unparalleled, Trump continues to be at odds with high-profile veterans and their families, notably those who remain critical of his policies. 

    On Sunday, former Joint Special Operations commander Adm. William McRaven, who oversaw the raid that killed Osama bin Laden, became the latest veteran to be targeted by the president.

    In his Fox News interview, Trump referred to McRaven as "a Hillary Clinton-backer and an Obama-backer," and he downplayed the military's role that took down bin Laden.

    admiral william mcraven

    "Frankly, wouldn't it have been nice if we got Osama bin Laden a lot sooner than that," Trump said to Wallace.

    McRaven, who was reportedly once on Trump's shortlist for national security adviser, penned a stunning opinion column in rebuke of the White House's controversial decision to revoke CIA Director John Brennan's security clearance.

    "Your leadership ... has shown little of these qualities," McRaven wrote in reference to Trump. "Through your actions, you have embarrassed us in the eyes of our children, humiliated us on the world stage and, worst of all, divided us as a nation."

    In recent days, Trump raised eyebrows after he decided not to attend a memorial service in France that marked the end of World War I. The White House cited inclement weather and logistical difficulties.

    Trump continued to draw scrutiny after failing to visit Arlington National Cemetery after Veterans Day, a tradition observed by his predecessors. He later expressed regret in not attending.

    "I should have done that," Trump said to Fox News' Wallace.

    SEE ALSO: Former Fox News contributor calls Trump a 'draft dodger' who is 'playing with our troops'

    Join the conversation about this story »

    NOW WATCH: Fox News' Harris Faulkner is the only black woman in cable news with a daily show: 'It's a tremendous amount of responsibility'


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    Xi Jinping and Donald Trump in China

    Hello! Here's what you need to know for Tuesday.

    1. The US and China are giving off bad signals ahead of a crucial meeting between their leaders. President Donald Trump is talking up the possibility of making progress on the trade war with China, but other parts of the administration are still going hard after China.

    2. Germany bans 18 Saudi nationals from 26 Schengen countries in response to the murder of Jamal Khashoggi killing. Germany's foreign minister said questions regarding the crime and who was behind it still remain.

    3. At least 4 people are dead — including a police officer and a gunman — after a shooting at a Chicago hospital. Officials called the violence "senseless."

    4. Saudi Arabia's foreign minister says the CIA's assessment of Jamal Khashoggi's murder is false. The CIA briefed the president on the investigation into the murder, and reportedly said evidence points to the Crown Prince's direct role.

    5. A group of up to 100 security forces have stormed the Papua New Guinea parliament over unpaid wages. The dramatic event took place just days after world leaders attended the APEC conference hosted by the impoverished Pacific nation.

    6. President Trump is reportedly getting ready to put Venezuela on the state sponsors of terror list. The designation would put Venezuela alongside countries like Iran and North Korea, but applying the label may hinder efforts to help Venezuelans.

    7. Uber insiders describe infighting and questionable decisions before its self-driving car killed a pedestrian. As Uber prepares to return its cars to the roads, Business Insider spoke to current and former employees and viewed internal documents.

    8. Three Australians have been arrested over an alleged plot to "kill the maximum number of people possible" in Melbourne, Australia's second-largest city. The trio, who have Turkish heritage, had their passports cancelled this year.

    9. Airbnb is pulling its listings within Israeli settlements in the West Bank. Around 200 West Bank settlements listed on the site are considered illegal under international law, though Israel disputes this.

    10. Apple CEO Tim Cook defended taking billions of dollars from Google to make it the default search engine on the iPhone. Google has been blighted by privacy concerns in recent months, including a Google+ data snafu.

    And finally ...

    One ticket, two days, 50+ insightful speakers, and 600+ executives. Business Insider's flagship IGNITION conference headliners include Mark Cuban, Janice Min, Sir Martin Sorrell and Barbara Corcoran. Join us for IGNITION, December 3-4, New York City.

    Join the conversation about this story »

    NOW WATCH: This mind-melting thought experiment of Einstein's reveals how to manipulate time


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    Papua New Guinea parliament building

    • A group of disgruntled soldiers and police officers have attacked Papua New Guinea’s national Parliament, according to reports from The Guardian's Australia edition.
    • Parliament building in Port Moresby was in lockdown Tuesday afternoon.
    • According to The Guardian, unpaid police and soldiers were "smashing vehicles and entryways," on Tuesday afternoon (AEDT).

    Angry local police and national soldiers have stormed PNG's Parliament building, shattering windows and tearing up furniture, according to reports from The Guardian's Australia edition.

    According to a person familiar with the situation in Port Moresby, the group is made up largely of military police and the Papua New Guinea correctional services, or CIS. 

    The officers are demanding their unpaid bonuses, after working to keep the peace while the capital Port Moresby hosted the Asia-Pacific Economic Cooperation (APEC) summit — a first for the impoverished Pacific nation.

    The rampage by disgruntled members of PNG's Joint Security Forces Taskforces is only the "tip of the iceberg" when it comes to unpaid officials, according to the Post Courier.

    Security forces and line agencies were promised payment first thing Monday, but that did not eventuate, resulting in today’s rampage, the Post Courier added.

    Police and witnesses told Agence France Presse, that the soldiers currently outside the Parliament building are on a rampage after failing to receive their expected bonuses hardly 48 hours after the international summit concluded without a joint communique for the first time in its 25 year history.

    "A group of policemen and soldiers are outside the Parliament and demanding their APEC allowances," PNG police spokesman Dominic Kakas told AFP.

    Despite the New Guinean Parliament being in session as the building was attacked, no-one was known to be hurt, Kakas said.

    Kakas told AFP that other police were "dealing with it."

    “We don’t expect any further damage or confrontation,” Mr. Momos said.

    Opposition parliamentarian Allan Bird told the Guardian Australia that he and other opposition MPs were in a locked conference room when they heard the group.

    “We heard them coming in, you could hear them smashing things – the glass entry ways, a few vehicles on the way in,” Bird said.

    A police spokesman told Guardian Australia there was no further information beyond some “disgruntled” police officers and soldiers had attacked the building.

    However, Bird told Reuters that the group was as strong as up to 100 security personnel. He said they forced their way into Parliament.

    "It was the armed forces, police and correctional workers," Bird told Reuters by telephone. "They have entered the Parliament and just smashed everything up."

    “They were yelling: ‘corrupt government, bloody government’ and so on," Bird said.

    The Post Courier has reported that "opportunists taking advantage of the tense situation (are) commencing looting and fighting."

    Police sources have said the National Capital District Police are trying to contain the situation. The Papua New Guinea Defence Force have also confirmed they are keeping watch on the situation.

    In a press release before the attack on Tuesday afternoon (AEDT), the PNG Police Association said it was "very concerned" that the security personnel (Police, Defence and CIS) allowances for APEC had yet to be paid.

    "What a gross irony! It is a slap in the face of all the security elements, they had worked diligently and tirelessly to provide effective and efficient security to the twenty one economies, their prime ministers and presidents, including business delegates comprising some ten thousand plus dignitaries. They have performed in par with other international security forces," the statement read.

    Harry Momos, a spokesman for PNG's Parliament, told the New York Times, that about 300 people forced their way into the building, but calmed down after members were able to meet with officials.

    Papua New Guinea, the poorest of all 21 APEC nations, invested millions of dollars over years of preparation into hosting the summit. They quite literally rolled out the red carpet for Chinese President Xi Jinping's state visit and even purchased and flew in three Bentleys and some 40 Maseratis to drive dignitaries around Moresby's disintegrating roads.

    Join the conversation about this story »

    NOW WATCH: Trump once won a lawsuit against the NFL — but the result was an embarrassment


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    Silicon Valley

    Good morning! This is the tech news you need to know this Tuesday.

    1. Uber insiders told Business Insider about infighting and questionable decisions before its self-driving car killed a pedestrian. On March 18, one of Uber's self-driving cars killed a woman, the first pedestrian fatality involving a self-driving car.
    2. Instagram will soon start cracking down on accounts that use third-party apps to dole out fake likes and followers. Using machine learning tools, the photo-sharing platform will remove "inauthentic" likes, which are generated by third-party platforms designed to boost audience growth for users.
    3. Bill Gates says that HBO's "Silicon Valley" is the best way to understand the real Silicon Valley."They don't make any more fun of us than we deserve," said the Microsoft founder, who has consulted on the show.
    4. Tim Cook defended Apple taking billions from Google after his blistering attack on data-hoarding tech firms. Cook defended Apple taking money from Google to make it the default search engine on the iPhone.
    5. Elon Musk shared two videos of the Boring Company's giant drill completing its first tunnel at the bottom of a huge pit. Musk has previously said the first Boring Company tunnel will be ready to use on December 10.
    6. Elon Musk says he's open to working with Mercedes-Benz on an electric van. The Tesla CEO said on Monday via Twitter that the automaker might make an electric van and he will contact Daimler, the parent company of Mercedes-Benz, about a potential collaboration.
    7. Tesla accidentally gave a customer access to the email addresses linked to over 1.5 million accounts on its online forum. The customer received administrative access to the automaker's online forums, allowing him to see contact information for some Tesla owners.
    8. Eight parliaments are now demanding Mark Zuckerberg come and answer their questions at an International Grand Committee hearing in London. Thus far Zuckerberg has declined to appear at the UK and Canada-led hearing, which has now been joined by Brazil, Latvia, and Singapore.
    9. Microsoft acquired a Georgia-based startup that plays into a key Windows initiative. Microsoft announced on Monday that it has acquired FSLogix for an undisclosed sum.
    10. Evan Spiegel spends most of his time during board meetings on Snapchat. According to a report by The Information, Snap CEO Evan Spiegel is tied to his phone during the meetings, and was often "dismissive" toward Mitch Lasky, a Benchmark partner who stepped down from Snap's board in August.

    Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.

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    jerome powell glasses

    Good morning! Here's what you need to know on Tuesday.

    1. Asian stock markets slipped on Tuesday,extending sharp overnight losses on Wall Street as technology firms bore the brunt of worries about slackening demand. 

    2. The US and China are giving off bad signals ahead of a crucial meeting between their leaders. President Donald Trump is talking up the possibility of making progress on the trade war with China, but other parts of the administration are still going hard after China.

    3. Warburg Pincus is looking to raise its second China-focused private equity fund of up to $4 billion, giving the U.S. investment firm more firepower to cut deals in the world’s second-largest economy, sources told Reuters.

    4. The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down.

    5. Norwegian oil and gas company Equinor is preparing to pay for the protection of tropical forests to help reduce its carbon footprint, it said on Tuesday.

    6. Google will invest 4.5 billion Danish crowns ($690 million) in building a new data center in Fredericia, Denmark, its Danish unit announced on Tuesday.

    7. Germany bans 18 Saudi nationals from 26 Schengen countries in response to the murder of Jamal Khashoggi killing. Germany's foreign minister said questions regarding the crime and who was behind it still remain.

    8. Saudi Arabia's foreign minister says the CIA's assessment of Jamal Khashoggi's murder is false. The CIA briefed the president on the investigation into the murder, and reportedly said evidence points to the Crown Prince's direct role.

    9. Nissan and Mitsubishi shares slumped in Tokyo trade, after the arrest on Monday of chairman Carlos Ghosn. Ghosn, who heads up the Japanese-French alliance Renault-Nissan-Mitsubishi, is accused of under-reporting his income. Both Nissan and Mitsubishi have said they plan to remove him from his posts. 

    10. Uber insiders describe infighting and questionable decisions before its self-driving car killed a pedestrian. As Uber prepares to return its cars to the roads, Business Insider spoke to current and former employees and viewed internal documents.

    Join the conversation about this story »

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    Pence Abe Apec

    • A major Asia-Pacific summit’s failure was down to "deliberate protectionism" and "excusing” by "individual economies," China's foreign ministry spokesperson said in a statement on Monday, using loaded language aimed directly at the United States.
    • For the first time since its inception back in 1993, a leaders' communiqué has not been issued after the annual Asia Pacific Economic Cooperation (APEC) meeting and it's really all because of the US and China.
    • China-US ties are on a downswing following the failed summit in Papua New Guinea, and ahead of a critical G20 meet at the end of the month.
    • A day after US Vice President Mike Pence accused China of seeking to "drown our partners in a sea of debt," the world's two great powers simply refused to reach out over the wording of bits of the proposed APEC communiqué.
    • But the truth is things between the US and China were heading south long before the summit started and don't bode well for a Trump-led trade war rapprochement anytime soon.

    It was a summit to help sort out the Pacific's problems, but, in the end, it was all about the lingering spat between two of the world's most-powerful nations.

    At the start of November, with US President Donald Trump and Chinese President Xi Jinping injecting a little optimism into a bilateral relationship that's been at its lowest ebb in decades, unfortunately it now seems resolving US-China trade differences ahead of a possible face-to-face at the G20 meeting in Argentina looks pretty distant.

    The weekend’s Asia-Pacific Economic Cooperation (APEC) summit in Port Moresby was one of open hostility, bilateral acrimony, and big-brother posturing over which giant would make the stronger regional partner.

    The ill will spilled over into what was now a historic APEC summit for all the wrong reasons.

    The annual meeting, this year held in the New Guinean capital of Port Moresby, ended in disarray and a little chaos when a belligerent contest between the two dominant powers ensured that, for the first time, there was no consensus communiqué for the 21 national leaders to walk away with.

    That failure was "by no means accidental," the Chinese government foreign ministry spokesman Wang Yi said in his weekly comments posted on the foreign ministry’s website.

    "It is mainly that individual economies insisted on imposing their own texts on other parties, excusing protectionism and unilateralism, and not accepting reasonable revisions from the Chinese and other parties,” Wang said, in a reference to the US and the disintegration that was APEC's final hours.

    Not only could leaders not meet at a consensus ­position for the first time in a quarter of a century, but Peter O’Neill, the prime minister of Papua New Guinea, was bundled out of the summit in a media scrum and Chinese officials were accused of pressuring the country's foreign minister and breaking into his office.

    It is the first time since 1993 that a leaders’ communiqué has not been issued after the annual APEC meeting.

    Giants in the room

    Xi Jinping apec

    O’Neill referenced “the two big ­giants in the room” when asked why the closing communiqué was not drawn up, amid chaotic scenes.

    The unusually tense gathering of Pacific nation leaders in Port Moresby fell into disarray after speeches from Chinese President Xi Jinping and US Vice President Mike Pence, fell into tit-for-tat rhetoric and criticism of their chosen paths to regional leadership.

    The simmering tension between the power rivals boiled over after Papua New Guinea were presented with a set of significant pledges from the major competing blocs.

    A day after Pence accused China of seeking to "drown our partners in a sea of debt," the two regional giants imported their trade war into APEC, refusing to cede even a few disputed paragraphs in the proposed APEC communiqué, according to a report in The Australian published on Monday.

    It is understood China refused to agree to US calls for changes to world trading rules targeting predatory economic conduct and demanding state-owned enterprises be forced to compete on "a level playing field" with private businesses.

    No surprises where these changes were aimed.

    And perhaps no surprises when Chinese officials were reportedly kicked out of PNG Foreign Minister Rimbink Pato’s office by security a few hours later as they sought to secure their own changes to the communiqué.

    But the problems really started from the outset, and merely reached a crescendo when Xi and Pence gave subsequent addresses on Saturday night.

    Xi you in Port Moresby

    xi jinping apec

    Xi had been in Port Moresby since Thursday, last week.

    The first generation of Chinese migrants that dominate retail stores across New Guinea are Fujianese — Xi was governor of Fujian province from 1999 until 2002, so he comes with perhaps a better connection to China's role in Papua New Guinea than most other leaders.

    He has toured facilities on this state visit, written op-eds and enjoyed the spotlight as the undoubted star of the show.

    And he was busy too, as China and PNG signed off on a total of 14 agreements before the summit deteriorated.

    About $300 million in soft loans are on the table for PNG prime minister O'Neill to divvy up, while the Chinese-owned Rabu nickel mine will also grow to the tune of $1.5 billion.

    Other deals range across visa exemptions that allow labor and education exchanges, economic and technical cooperation, establishment of a joint economic and trade committee, strengthening investment and production capacity cooperation, promotion of trade, a "dry land rice" technical project, further infrastructure investment, as well as "cooperation in the field of education, human-resource development and culture and tourism."

    But it hasn't been a great public-relations success, however much money is being splashed around.

    Oddly, the Chinese delegation refused local media entry into President Xi's meeting with regional leaders on Friday, which set the tone for an APEC riven by concerns of backroom wheeling and dealing at the hands of the Chinese.

    Xi Jinping China Apec

    A strategic slumber

    Meanwhile, the traditional Pacific powers appear to have awoken from their geostrategic slumber to a new day in the Pacific, full of challenges presented by what they characterize as China's territorial ambitions, couched in rich infrastructure promises through Xi's "Belt and Road Initiative."

    After five years of touting, billions of dollars of investment, and a series of names that failed to articulate its exact purpose, the still uncertain Belt and Road initiative (One Belt, One Road or OBOR) is China's quasi-interconnected network of land and sea links that purport to open up a trade corridor and at the least seed Chinese influence through Southeast Asia, Central Asia, the Middle East, Europe and Africa.

    China’s expansive — and expensive — play to gain friends, partners and customers in the resource-rich Pacific states like New Guinea have been causing a rising angst among the formerly influential powers in the region.

    Australia is a former colonial power here, as its closest military ally, the US, while there has been some newfound and welcome ballast from Japan under Prime Minister Shinzo Abe.

    Abe met with the leaders of Australia and New Zealand in the days leading up to the summit, while Pence was in Japan last week as Japan tightens its regional bonds, while China becomes more assertive in the Pacific and the contested South China Seas.

    Critics have suggested that while Western countries are bound to particular standards when it comes to aid, the Chinese state-led investments and loans have been galvanizing corrupt practices and leveraging so-called "debt-trap diplomacy."

    For security reasons, Pence originally planned to fly in and out of New Guinea by way of Cairns, in Australia.

    But following the rapid-fire diplomacy on display from Beijing, the vice president decided at the last moment to stay in Port Moresby, perhaps with Xi's dominant performance weighing on minds in Washington.

    Mike Pence APEC 2018

    A 'one-way' road

    Certainly, when Pence got up to deliver his address, minutes after Xi, on Saturday, he spoke his mind on the behaviors of a rising China in the region.

    Pence set out in blunt terms what he saw as the two stark choices facing Pacific nations caught between China and the Western bloc.

    He warned these nations of the dangers of being seduced by the easy money of China, describing a Beijing that offers struggling Pacific nations "opaque" loans with strings attached.

    China, he warned, is happy to create a "staggering debt burden."

    In a sign of how much Chinese and US relations have deteriorated, the vice president appeared to openly mock president Xi's signature foreign policy in front of a blank Chinese delegation, suggesting the belt was “constricting" and the road was "one-way."

    For good measure, Pence drew on President Donald Trump, when he accused China of having "taken advantage of the United States for many, many years," adding: "those days are over."

    That speech was reportedly met with stony silence from the Chinese delegation, particularly because Xi's star had reached its APEC apex moments earlier when he assured the gathering of regional heads that his One Belt, One Road strategy was obviously not a debt trap.

    Any final agreement on a joint communiqué was done and dusted when the US sought clauses on China's predatory trade conduct and demanded China's state-owned enterprises compete on a level with other private businesses.

    Power play

    Before the summit burst into the latest live battlefront in the ongoing trade war between the US and China, O'Neill announced that PNG "invited" Australia, Japan, New Zealand, and the US to work together on the goal of connecting 70% of its population to electricity by 2030.

    The move represents, along with Australian and US participation in the development of the Lombrum naval base at Manus Island port, a key staging facility as part of the counter play offered by the Western bloc.

    Right now, only about 13% of Papua New Guinea’s population has any reliable access to electricity. Rolling out power promises to directly raise the living standards of communities in cities, towns, and remote villages — and is commonly a precursor for the growth of the private sector and industry.

    For its part, Australia is focusing anew on the Pacific after once again being caught between its strongest ally and its biggest trading partner.

    The Australian Prime Minister Scott Morrison told a press conference on Monday that the "APEC family" remains committed to working together, despite the US and China spat.

    "If the major powers here are not going to agree, we shouldn't be pretending that they do. And we shouldn't be trying to smooth that over for the sake of a communiqué, and we should call that out."

    However, he said there were many areas of agreement, such as the need to improve digital connectedness and the benefits of dropping trade barriers.

    "We are all still absolutely committed to stronger trading outcomes because we understand that here in the APEC family we have been able to reduce tariffs," Morrison said in a pointed reference to what is not happening between the world's two biggest economies.

    Donald Trump and Xi Jinping

    No reason for optimism

    China's foreign ministry spokesperson Hua Chunying reserved a few words of advice for the US ahead of Xi and Trump's showdown in Buenos Aires where the 2018 G20 Summit will be held.

    "Our advice for the relevant country is that instead of pointing fingers at others, it would be better to match its deeds with its words and truly treat all countries, big or small, as equals, respect the right enjoyed by other countries to choose the development path in light of their national conditions and make substantial contributions to the development of developing countries."

    Trump and his Chinese counterpart are to meet at the G20 in Argentina, and hopes had been rising that the two might be able to seek some way to hit reverse on a trade war in which Xi has warned their will "be no winners."

    Trump had recently been talking up his personal admiration for Xi and Tweeted a few weeks earlier of his optimism of an outcome heading into the G20.

    That optimism may be dead in the warm Pacific waters as Xi now heads to Brunei and the Philippines with a newly appreciative sense of US regional opposition.

    SEE ALSO: APEC host Papua New Guinea doesn't need cheap cash and hollow promises, it needs a genuine solution

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    Saudi Foreign Minister Adel Al-Jubeir

    Saudi foreign minister Adel Jubeir said on Tuesday that the allegations — including by the CIA linking the crown prince to the murder of journalist Jamal Khashoggi are false. 

    This weekend, several news outlets reported that the CIA has determined that Saudi crown prince Mohammed bin Salman ordered Khashoggi's assassination. The CIA's conclusion was based on several pieces of intelligence, including a call from Saudi ambassador Khalid bin Salman, Mohammed's brother, to Khashoggi and audio recordings of the killing that have been circulating around global intelligence agencies. 

    A former CIA officer and intelligence analyst also claimed the Trump administration is helping the crown prince cover up the October 2 murder.

    "We in the kingdom know that such allegations about the crown prince have no basis in truth and we categorically reject them," al-Jubeir was quoted as saying in Saudi-owned Al Sharq Al Awsat newspaper. 

    "They are leaks that have not been officially announced, and I have noticed that they are based on an assessment, not conclusive evidence," he said.

    This was the first comment from a Saudi official on the alleged CIA report, seen as the most definitive US assessment connecting the crown prince to the murder. 

    Saudi Arabia has repeatedly denied that the crown prince had a role in Khashoggi's death, though its version of the events surrounding Khashoggi's murder have shifted several times over the last several weeks. 

    On Monday, Saudi King Salman heaped praise on his son, the crown prince, but made no mention of Khashoggi's death. Sources also told Reuters that some members of the country's ruling family are working to prevent prince Mohammed from becoming king, fueling speculation of his involvement. 

    Sarah Gray contributed to this report. 

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    Crawford Falconer

    • Exclusive: The UK government's top trade advisor has privately expressed anger with the draft Brexit deal, according to multiple well-placed sources.
    • Crawford Falconer, who was appointed to negotiate free trade deals with Trade Secretary Liam Fox, is unhappy with Theresa May's plan to keep the UK in a customs union with the UK for years after exit day.
    • Foreign officials believe he could quit the UK Department For International Trade "any day."
    • "If we’re stuck in the Customs Union and forced to follow EU regulations, his role is basically superfluous," a friend of Crawford told Business Insider.
    • Government sources deny suggestions that Falconer is planning to quit.

     

    LONDON — The UK's chief trade negotiator has privately expressed frustration with the Brexit withdrawal deal amid rumours that he is on the verge of quitting his role in the Department for International Trade.

    Crawford Falconer, who was appointed to work alongside Trade Secretary Liam Fox on post-Brexit trade deals, could resign as chief trade negotiations advisor "any day," according to foreign officials who work closely with him.

    Sources close to Falconer denied suggestions that he was planning to resign.

    However, Falconer, who joined DIT in June 2017, has become increasingly frustrated with the direction of Brexit talks, particularly plans for the UK to be wedded to EU customs arrangements for years after exit day, multiple sources have told Business Insider.

    A source at the department told BI: "He more or less came out of retirement for professional interest in hashing out trade deals. If the meatier parts of that job might have to wait until 2022, would someone in that position want to hang around?"

    In October, Crawford told The Telegraph that his job would be redundant if the UK didn't have a fully independent trade policy after completing its departure from the European Union.

    Under the draft Withdrawal Agreement, the UK will stay in the customs union for a transition period lasting at least 21-months and remain tied to EU customs rules until a UK-EU trade deal which preserves the frictionless Irish border is ready to be implemented. Figures involved in negotiations believe could take several years.

    A report earlier this year suggested that Falconer, who is described by insiders as "highly opinionated," had his role "marginalised" by Downing Street in the Brexit talks. Before joining DIT, he was Special Trade Commissioner for the Legatum Institute think tank and held roles in international trade including New Zealand's Chief Negotiator.

    Insiders at the department told BI that Falconer has been close to resigning "several times" this year, including when May revealed her plan for a "common rule book" with the European Union as part of her Chequers proposals.

    Falconer is angry with the prime minister's decision to keep the UK in a customs union with the EU during the transition period and potentially beyond, as it will limit DIT's ability to sign new trade deals, insiders claim.

    "He certainly isn’t doing the role for the pay," a friend of Crawford told BI.

    "He took it up because there aren’t many opportunities to set up an independent trade policy for a western country. If we’re stuck in the Customs Union and forced to follow EU regulations, his role is basically superfluous."

    A source close to Falconer stressed that the UK will be able to sign trade deals in the areas of services and investment during this period of time. However, the UK will be limited in other areas as long as it remains tied to EU rules.

    Liam Fox

    A spokesperson for the Department of International Trade told Business Insider: "The Prime Minister has been clear that once we leave the EU, we will have the ability to negotiate new free trade agreements with the rest of the world.

    "We are already laying the groundwork for negotiations with the US, Australia and New Zealand and we will set out our negotiating objectives before formal trade talks begin."

    Tom Brake, Lib Dem Brexit spokesperson and supporter of anti-Brexit group Best for Britain, said: "The PMs deal makes it as clear as spring water that there hasn't been, and probably never will be, a purpose to the DIT.

    "It would hardly be surprising in the circumstances if people chose to walk."

    Fox has decided to stay in May's Cabinet and push for changes to the Withdrawal Agreement rather than resign like ex-Brexit Secretary Dominic Raab and former Work & Pensions Secretary Esther McVey.

    Last week, Fox urged pro-Brexit MPs who dislike the draft deal to stay loyal to the prime minister, stating: "We aren't elected to do what we want. We are elected to do what's in the national interest."

    SEE ALSO: Theresa May's government told leading medics UK can't rule out medicine shortages in a no-deal Brexit

    DON'T MISS: Theresa May admits the Brexit transition period could last until 2022

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    Traders work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell on August 15, 2018 in New York City. U.S. stocks fight to avoid a hard beat in global markets due to fears of economic chaos. There are some worries that Turkey should join into emerging markets denting global growth. (Photo by )

    • Global stock markets were selling off Tuesday as the tech slump that gripped US equities on Monday spread around the world.
    • US stocks plummeted on Monday, with the tech-focused Nasdaq index losing more than 3%.
    • Those falls have extended into Asia and Europe, where most major indexes were down 1% or more. China's benchmark share index dropped 2%.
    • US futures markets ahead of the open pointed to a continued sell-off stateside.
    • You can follow the latest price action at Markets Insider.

    Global stock markets were selling off Tuesday, with major tech firms looking set to continue the slide that triggered a major fall in global equities on Monday.

    Facebook, Apple, Amazon, Netflix, and Google — the so-called FAANG stocks — were also set to open more than 1% lower later on Tuesday, adding to the drops seen Monday that saw the Nasdaq close down more than 3% lower.

    Monday's sell-off on Wall Street appears to have been largely triggered by a report from The Wall Street Journal that Apple had slashed production orders in recent weeks for all three of the new iPhones it unveiled in September.

    Wall Street is also worried about global growth and trade tensions amid a quiet week for economic data.

    The S&P 500 fell 1.8%, and the Dow Jones Industrial Average shed 1.6%, or nearly 400 points.

    Wall Street's Monday sell-off spread into Asia overnight, with benchmark indexes in Japan and China falling substantially. China's most watched index, the Shanghai Composite, fell 2.1%, while Japan's Nikkei was 1.1% lower at the close.

    As the morning began in Europe, stocks on the continent also fell, and after about an hour of trading, Germany's DAX had dropped 1.2%, while the Euro Stoxx 50 index was just shy of 1% lower.

    Read more: Venezuela really wants its $550 million worth of gold back from the Bank of England

    "Monday's sharp sell-off in US technology shares is a reflection of investor concerns over global demand following the recent emerging market currency crises and trade disputes," Fawad Razaqzada, an analyst at Forex.com, said in an email Tuesday morning.

    "So, as things stand, the outlook for global equity indices appears bleak and we could easily witness further falls," he added.

    That suggestion looks likely to be correct, with futures pointing to another day in the red for US stocks. As of 9 a.m. GMT (4 a.m. ET), futures for all three US indexes were at least 0.6% lower.

    Here's the scoreboard:

    • Nasdaq futures down 1%; S&P 500 down 0.7%; Dow Jones Industrial Average down 0.6%
    • Shanghai Composite Index closed down 2.1%; Shenzhen Composite was 2.8% lower
    • Benchmark Euro Stoxx 50 down 1%; Germany's DAX 1.1% lower; Britain's blue-chip FTSE 100 down 0.6%
    • Indexes in Spain, Italy, and France more than 1% lower
    • Both major oil benchmarks, Brent and West Texas Intermediate, down more than 1%, with Brent trading at $66.02 a barrel and WTI at $56.64

    Lower production by Apple tends to suggest falling demand for its products, which in turn acts as a bellwether for general sentiment surrounding the tech sector. Shares of the world’s biggest technology company are down more than 10% this month as a result.

    SEE ALSO: Apple has reportedly cut production of its 3 newest iPhone models after lower-than-expected demand

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    Prince Philip

    Prince Philip turned 97 this year — and it's been over a year since he announced his official retirement from public service.

    According to The Telegraph, the Duke of Edinburgh has carried out 22,219 solo engagements and 637 solo visits overseas since he left active military service in 1952. 

    In retirement, the Duke is reportedly enjoying more leisure time at the Sandringham Estate in Norfolk — he is an avid carriage driver and enjoys oil painting.

    His Royal Highness' career will be remembered equally for his sharp wit as he will be for his gaffes, which have often left the nation laughing or reeling. 

    The Prince's prolonged service has won him support from both sides of Parliament — Jeremy Corbyn applauded his "clear sense of public duty" and Theresa May praised his "steadfast support" to the Queen. 

    Philip's lengthy career, marked by hundreds of visits to far-flung corners of the British Empire, has unsurprisingly produced some remarkable royal photography.

    Here are the best images from each of his years as Prince Philip, Duke of Edinburgh:

    SEE ALSO: The 23 best candid photos from Prince Harry and Meghan Markle's royal wedding

    1947: Prince Philip began his journey as a British Royal when he married into the country's royal family after a five-month engagement to his distant cousin, Elizabeth. He was 26.



    1948: The couple had their first child, Prince Charles, in 1948. In this picture, he sleeps in the arms of his mother, then Princess Elizabeth, after his Christening at Buckingham Palace.



    1949: Philip spent many of his younger years in the Royal Navy meaning family time was precious. He spent much of 1949 stationed in Malta as the first lieutenant of the destroyer HMS Checkers, the lead ship of the 1st Destroyer Flotilla in the Mediterranean Fleet.



    See the rest of the story at Business Insider

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    Alexander Zverev, ATP Tour finals champion

    • Alexander Zverev defeated Novak Djokovic in the last match of the ATP Tour Finals on Sunday.
    • The victory was Zverev's greatest in his entire career.
    • In beating Djokovic, the 21-year-old destroyed the greatest men's tennis statistic in 2018.
    • Before Sunday's final, Djokovic had a winning head-to-head record over every single man in the ATP's top 10 list of the best players in the sport.
    • But Zverev's win pulled him square. He is now the only athlete in the top 10 without a losing record against the world number one.

    Alexander Zverev destroyed the greatest men's tennis statistic of 2018 when he beat Novak Djokovic on Sunday.

    Djokovic had been enjoying incredible form up until the last match of the ATP Tour Finals.

    Since winning the 2018 Wimbledon Championships in July, Djokovic won three ATP events and even defeated Roger Federer in one of the greatest tennis matches of the year earlier this month.

    Heading into Sunday's match against Zverev, Djokovic was expected to win yet another title.

    Djokovic had been on an awesome winning run, and an earlier ATP Tour Finals group stage win over Zverev meant he had winning records over every top 10 ranked man on ATP's list of the best players in world tennis.

    Simply put, ahead of the weekend Djokovic was tipped to win whenever he faced a top-ranked player because history showed that more often than not, he left the court with a victory.

    But Zverev ripped up the form book, torched the script, and destroyed Djokovic's incredible feat.

    Yes, Zverev beat Djokovic to win the ATP Tour Finals title, but the victory will have tasted even sweeter as the 21-year-old is now the only top 10 ranked men's player to not have a losing record against the sport's 14-time Grand Slam champion.

    See below for the ATP top 10 men's players, together with their percentage of wins scored against Djokovic:

    1. Novak Djokovic
    2. Rafa Nadal — 48% wins against Djokovic
    3. Roger Federer — 47% wins against Djokovic
    4. Alexander Zverev — 50% wins against Djokovic
    5. Juan Martin del Potro — 21% wins against Djokovic
    6. Kevin Anderson — 11% wins against Djokovic
    7. Marin Cilic — 11% wins against Djokovic
    8. Dominic Thiem — 29% wins against Djokovic
    9. Kei Nishikori — 12% wins against Djokovic
    10. John Isner — 18% wins against Djokovic

    Zverev has only faced Djokovic four times, but with two wins each, the honours are now even.

    And his most recent win was the best of the lot.

    "This is the biggest title of my career so far,"he said, according to the official ATP website. "This trophy means a lot, everything, to all the players. I mean, you only have so many chances of winning it. You play against the best players only. How I played today, how I won it, for me it's just amazing."

    The win was perhaps more impressive as he was beaten by Djokovic 6-4, 6-1 in a group stage match, but rallied to beat Isner, Federer, and then sought his revenge against Djokovic in the final.

    "It's quite astonishing, winning this title, beating two such players back-to-back, Roger and Novak, in semi-finals and final," Zverev said. "It means so much. I'm incredibly happy and incredibly proud of this moment right now."

    Aside from the Davis Cup final, the tennis season is over. This means Zverev will break from the sport and return when the 2019 ATP Tour begins.

    Only time will tell whether he will continue to prove a thorn in the side of the world's number one player. But if the above data is anything to go by, he has a better chance than any of the top players in tennis.

    Join the conversation about this story »

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    GettyImages 468362075

    • A Canadian curling team including a former Olympian reportedly ran amok at an event on Saturday.
    • The team turned up to the rink "extremely drunk" after swearing, breaking brooms, and damaging the locker room.
    • They even kicked their opponents' curling bags around backstage.
    • Prominent team members have apologized.
    • But a facility manager at the tournament said "there's no upside to acting like an idiot out on the ice."

    A team of "extremely drunk" Canadian curlers have been disqualified from a tournament for life because they turned up to the rink to compete after swearing, breaking brooms, and damaging the locker room.

    Former Winter Olympian Ryan Fry, who won gold for Canada at the Sochi games in 2014, and his teammates Jamie Koe, Chris Schille, and DJ Kidby, were removed from the Red Deer Curling Classic final by a committee when their opponents and fans complained over their poor behaviour on Saturday, the BBC reports.

    Wade Thurber, the facility manager at the Red Deer Curling Centre, said: "They went out to curl and they were extremely drunk, breaking brooms, and swearing."

    There was also "damage in the locker room," according to Thurber.

    "I came to the event to play and enjoy the sport," an apologetic Fry said in a CBC report, according to Reuters. "My actions were truly disrespectful and embarrassing — the committee was right to disqualify us from play. I allowed myself to lose control and I offended people with my actions."

    Koe also published a statement on Twitter stating that there had been a "lapse of judgement" and that the team "contributed to an unpleasant experience for others."

    The World Curling Tour Twitter account posted confirmation of the Canadian team's disqualification, stating: "The team… has been ejected from the Red Deer Curling classic due to unsportsmanlike behaviour."

    The Calgary Herald published further details of the incident.

    "A lot of us assume they were drinking before they got here; but, they had some booze upstairs and it came time to curl,"Thurber said in the Herald.

    "Jamie Koe was too drunk to play so he didn’t even play."

    Thurber also said Fry "was having anger management issues."

    The Canadians, Thurber said, caused "a scene" and even kicked other teams' curling bags around backstage.

    A sign posted at the event indicated that Koe, Fry, et al were banned for life. It stated that the team was disqualified from the 2018 tournament and "future Red Deer Curling Classic events."

    "There’s no upside to acting like an idiot out on the ice," Thurber said.

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    0 0

    Tim Cook and Jeff Bezos

    • Facebook, Apple, Amazon, Netflix, and Google have lost $728 billion off of their value in six weeks.
    • That's more than the GDP of Saudi Arabia.
    • Amid fears of a slowdown in iPhone sales, Apple has been hit hardest. Facebook is on course for its longest-ever losing streak.

    It was another dark day in the markets for America's biggest tech companies.

    The so-called FAANG firms — Facebook, Apple, Amazon, Netflix, and Google — all finished Monday in the red as the sell-off deepened. It was the continuation of a downward spiral that has run for weeks.

    In fact, since Apple hit a high of $232 on October 3, giving it a market cap of $1.16 trillion, the FAANG companies have lost a combined $728 billion off of their value, according to numbers crunched via Macrotrends.

    That's more than Saudi Arabia's GDP of $683.83 billion, according to World Bank figures. This in itself is something of an irony, given the kingdom's desire to emulate Silicon Valley.

    During the six-week sell-off, Apple has been hit hardest. Amid fears of a slowdown in iPhone sales, Apple's market cap has tanked $231.06 billion to $929.32 billion on Monday.

    How much has been wiped from the value of the FAANGs since October 3:

    • Apple: $231.06 billion
    • Amazon: $220.67 billion
    • Google: $138.22 billion
    • Facebook: $89.95 billion
    • Netflix: $48.11 billion

      Total: $728.01 billion

    Amazon was next in line, while Facebook's declines have been significant as it remains dogged by controversy over data breaches, election interference, and crisis mismanagement.

    Mark Zuckerberg's company hit its lowest level since 13 February 2017 on Monday. It is now on course for a third month in the red, which would be its longest ever losing streak, according to CNBC.

    The tech pummelling has also dragged down the wider market. The S&P 500, DOW 30, and NASDAQ 100 dropped by 1.66%, 1.56%, and 3.26% respectively on Monday.

    SEE ALSO: Apple took nearly 30 years to hit a value of $190 billion. It lost that much in little more than 5 weeks.

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    Carlos Ghosn  in Iwaki city, Fukushima prefecture, Japan, April 5, 2016. REUTERS/Yuya Shino

    • Nissan and Mitsubishi shares tumbled in Tokyo after chairman Carlos Ghosn was arrested and as Tokyo prosecutors said he reported only half of his $89 million in earnings.
    • French President Emmanuel Macron said the state would be "vigilant" in encouraging stability at Renault, while French ministers said they will push for interim governance. Nissan ousted him on Monday.
    • Ghosn could face up to 10 years in prison in Japan, a fine of up to ¥10 million, or both. 
    • Follow the share prices of Renault, Nissan and Mitsubishi Motors at Markets Insider.

    It's all getting worse for Carlos Ghosn.

    Prosecutors in Japan allege the Renault-Nissan-Mitsubishi Alliance chairman and CEO earned a salary of about ¥10 billion ($88.7 million) between 2011 and 2015, but reported only half of that. He was arrested Monday, and could face up to 10 years in prison, a fine of up to ¥10 million, or both. 

    Now, the highest members of the French government (France owns a whopping 15% stake in Renault) have piled on.

    "The state as a shareholder will be extremely vigilant to the stability of the alliance and the group," French President Emmanuel Macron said on Monday. France's Finance Minister, Bruno Le Maire, told France Info that he would push for interim governance at the carmaker. Renault said executives would meet imminently to discuss the incident. 

    The debacle has called into question the future of the world's biggest car alliance without the veteran executive at the helm. Investors have showed concern: After Renault shares reached a four-year low on Monday, Nissan and Mitsubishi Motors followed suit, tumbling in Tokyo trading. Renault fell for a second day, and is down 3.1% in Paris trading on Tuesday. 

    Renault-Nissan-Mitsubishi have had a strategic partnership since 1999 with Ghosn acting as chairman of all three companies as well as being CEO at Renault. It was a car-making powerhouse: the alliance sold more than 10.6 million cars in 2017, the most of any automaker in the world.

    Brazil-born Ghosn, 64, was arrested in Tokyo following allegations of misconduct with claims that he underreported his salary with the help of fellow director Greg Kelly. Japanese broadcaster NHK also said Nissan paid tens of millions of dollars towards his residences in various global cities, while paying hundreds of thousands towards his family vacations. 

    Ghosn stepped down as CEO of Nissan in 2017. Renault's shares, already battered by the US-China trade war, are down about 30% this year. 

    "Nissan deeply apologizes for causing great concern to our shareholders and stakeholders," the company Monday. 

    Renault declined to comment to Business Insider on Tuesday. 

    See Mitsubishi's intraday performance in the chart below:

    Mitsubishi stock price

    SEE ALSO: Renault CEO Carlos Ghosn is arrested in Japan as Nissan ousts him over financial misconduct

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