Saturday, November 11, 2017

Rupert Murdoch 'interested in buying CNN' after reports Trump administration may force AT&T to sell it - Independent

Rupert Murdoch 'interested in buying CNN' after reports Trump administration may force AT&T to sell it
Mr Murdoch reportedly called AT&T's chief executive twice in the last six months and talked about CNN
Alexandra Wilts Washington DC
Rupert Murdoch attends the 2017 Metropolitan Opera Opening Night at The Metropolitan Opera House (Photo by Dia Dipasupil/Getty Images) Getty Images
Rupert Murdoch is said to be interested in buying CNN – which, if true, could prove to be an interesting development given Mr Murdoch's reported close association with Donald Trump, who has repeatedly railed against the network.
The news comes after reports saying Mr Trump's administration may force AT&T to ditch the network to receive antitrust approval of its $85.4bn deal with Time Warner.
According to Reuters, Mr Murdoch called AT&T chief executive Randall Stephenson twice in the last six months and talked about CNN.
Trump administration may 'force CNN to be sold' as part of $85bn deal
One of the outlet's sources said Mr Murdoch offered to buy CNN in both conversations, while another source said the 86-year-old executive chairman of Twenty-First Century Fox had "zero interest" in owning the network.
It would not be the first time Mr Murdoch has expressed interest in taking over CNN.
In 2014, Twenty-First Century Fox proposed buying Time Warner for $80bn. But the company abandoned the plan in the face of Time Warner’s resistance, Reuters said.
If the companies had stuck a deal, Fox had planned to sell CNN - which competes directly with Fox News - to avoid antitrust issues.
Over the past year, AT&T's proposed merger with mass media company Time Warner has received significant antitrust scrutiny.
When the telecommunications giant and Time Warner announced their deal last October, then-candidate Trump said his administration would never approve such a combination "because it's too much concentration of power in the hands of too few."
This week, news outlets reported that the Justice Department has recommended AT&T sell either its DirecTV unit or Time Warner’s Turner Broadcasting unit - which includes CNN - to gain antitrust approval of the merger.
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The agency's reservations about approving the tie-up appear to stem from concerns about how competition could be harmed by the consolidation of AT&T's distribution platforms with Time Warner's wide range of content.
A longtime news executive told the Daily Beast that the DOJ's request is "politics plain and simple", noting that Mr Trump has repeatedly attacked CNN as "fake news".

EU tells Britain: Agree Brexit bill within two weeks or no trade talks this year - Independent

EU tells Britain: Agree Brexit bill within two weeks or no trade talks this year
The Brexit timetable is in serious jeopardy
Jon Stone Europe Correspondent
Britain has two weeks to make concessions in Brexit negotiations if it wants to open trade talks by the end of the year, the European Commission's chief negotiator has said.
Michel Barnier told reporters in Brussels that talks on trade would be "put back" again if Britain's position did not move in the fortnight.
Any further delay in meeting the EU's demands would mean "sufficient progress" to move to the next stage of talks would not be granted at the European Council summit scheduled for December, he suggested.
European Parliament rejects Britain's new offer on EU citizens' rights
A failure to meet the milestone at the meeting, following a failure to do so at the previous October summit, could seriously jeopardise the Brexit timetable and steeply increase the likelihood of 'no deal'. The next opportunity to make sufficient progress would be in March 2018, leaving very little time for the rest of the negotiations to take place.
"I have to present a sincere and real picture to those three subjects to the European Council and the European Parliament. If that’s not the case then we will continue and that will put back the opening on discussions of the future," Mr Barnier said.
"That includes the transition, because that does relate to the future, because it would start on the 30 March, after the actual exiting of the United Kingdom, and our future relations and the long term partnership that we wish to agree on with the United Kingdom."
Asked whether the UK only had two weeks to make progress before the December meeting, Mr Barnier said simply: "My answer is yes."
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There was no major breakthrough in the short round of talks held on Thursday and Friday this week, with Mr Barnier warning that the public "should not expect, from us at the stage where we are today, any announcements or decisions" despite some small new agreement on EU citizens' rights.
Brexit Secretary David Davis said the two-day round of talks had "enabled us to consolidate the progress of earlier negotiating rounds and to draw out those areas where further political and technical discussion is required".
"This is now about moving into the political discussions that will enable both of us to move forward together. We must now look ahead on moving our discussions into the future relationship," he added.
Asked about whether he thought the UK would make sufficient progress, Mr Davis said only: "December depends on sufficient progress and that’s a Commission concept".
Mr Barnier said Theresa May should make good on her Florence speech (AP)
The two leaders said there had been progress on the issue of citizens' rights, though Mr Barnier said there was further work needed on the issues of family reunification, the export of social benefits, and the role of the European Court of Justice before a deal could be reached.
On Northern Ireland, Mr Davis drew a clear red line rejecting leaked European Commission proposals to put customs controls between Northern Ireland and Great Britain in order to avoid a hard border on the island of Ireland. The solution to the issue "cannot amount to creating a new border inside the United Kingdom", he warned.
Again, little progress appeared to have been made on the divorce bill, however. Mr Barnier said the two sided needed “to work now on the objective interpretation of the undertakings entered into by the prime minister May in Florence”, adding: "This is absolutely vital if we are to achieve sufficient progress in December. It is just a matter of settling accounts as in any separation.” Mr Davis said the issue was "serious business".
This week's round of talks was just two days long, compared to the four days of previous rounds. Despite the looming deadline and previous warnings of "deadlock" by Mr Barnier, no further rounds are yet scheduled.

Ominous sign? 7 US nuke aircraft carriers simultaneously underway as Trump visits Asia - Asia Times

The USS Nimitz, USS Kitty Hawk and USS John C Stennis Carrier Strike Groups transit in formation during a joint exercise in the Pacific Ocean.
The USS Nimitz, USS Kitty Hawk and USS John C Stennis Carrier Strike Groups transit in formation during a joint exercise in the Pacific Ocean. Photo: US Navy via Reuters/Stephen W Rowe
Ominous sign? 7 US nuke aircraft carriers simultaneously underway as Trump visits Asia
Unclear if naval movements tied to North Korea
By ASIA TIMES STAFF NOVEMBER 8, 2017
Seven out of a total of 11 US nuclear aircraft carriers are underway simultaneously for the first time in several years as President Donald Trump makes a visit to Asian nations, according to a report by USNI News which has been confirmed by the US Navy.
US defense officials say the large-scale carrier movements are part of unrelated operational readiness and training exercises or routine deployments.
The US Naval Institute-based website says that three US nuke carriers are presently on operational deployments in the Western Pacific with full air wings and carrier strike groups — the USS Ronald Reagan, USS Nimitz and USS Theodore Roosevelt.
Four more of the huge carriers have reportedly been deployed for “short training missions” as part of training operations or workups ahead of deployments. The ships include the USS Carl Vinson and the USS John C. Stennis which are operating in the Eastern Pacific. The USS Abraham Lincoln and the Navy’s newest carrier, the USS Gerald R. Ford are currently operating in the Atlantic.
A Navy official confirmed the basic details of the carrier moves on Monday, to USNI News.
The carriers in 7th Fleet’s Pacific area could converge for the first simultaneous three-strike group training operations in a decade, defense officials have told USNI News.
But the Pentagon has downplayed its deployment of three carrier strike groups to the western Pacific, saying it has nothing to do with North Korea. “These three carriers are not there specifically targeting North Korea,” Chairman of the Joint Chiefs Gen. Joseph Dunford said last week. “This is a routine demonstration of our commitment to the region.”
If the exercise involving the strike groups takes place, it will happen against the backdrop of Trump’s ongoing 12-day Asian tour as tensions continue to mount with Pyongyang over its nuclear program.

Alleged Hong Kong triad boss ‘Shanghai Boy’ Kwok Wing-hung arrested over HK$100m money - Hong Kong Free Press

HONG KONG LAW & CRIME
Alleged Hong Kong triad boss ‘Shanghai Boy’ Kwok Wing-hung arrested over HK$100m money laundering
2 November 2017
An alleged Hong Kong triad boss known as “Shanghai Boy” was arrested Wednesday on suspicion of laundering more than HK$100 million ($12.8 million), police said.
Businessman Kwok Wing-hung, famed for his ever-present 70s-style sunglasses and swept-forward bowl haircut, was detained in the upmarket Repulse Bay district.
“The investigation revealed that the arrested man was suspected to have laundered more than HK$100 million through four local bank accounts from January 2007 to July 2012,” a police statement said, identifying Kwok only by his surname and age of 59.
Local media images showed Kwok in the back of a car looking relaxed in a black suit jacket and trademark sepia-tinted sunglasses after being arrested.
Kwok grabbed headlines in 2012 after he was reportedly seen dining with a campaign director for Leung Chun-ying, who was then a candidate for the city’s leadership and secured the post later that year.
Kwok was again in the spotlight in 2015 when he was reportedly punched in the face by a mystery attacker while having afternoon tea at Hong Kong’s luxury Peninsula Hotel.
Kwok brushed off the incident, saying he had bumped into a table edge.
Local media said the attack was related either to a dispute over his mistress, or to financial problems with his Macau business.
Before his arrest Wednesday, Kwok was on police bail after being arrested in July 2016 for “conspiracy to commit criminal intimidation, conspiracy to wound with intent and conspiracy to blackmail”.

Li Ka-shing Sells Hong Kong Tower for Record $5.2 Billion - Bloomberg

Li Ka-shing Sells Hong Kong Tower for Record $5.2 Billion
By Frederik Balfour and Emma Dai
November 1, 2017,
Sale shows city’s commercial property market remains red hot
China Energy Reserve owns 55% of purchaser, local media say
Li Ka-shing’s CK Asset Holdings Ltd. agreed to sell its stake in The Center for HK$40.2 billion ($5.2 billion), setting a record for a Hong Kong office tower and showing that the city’s commercial property market remains red hot.
CK Asset’s gain will be about HK$14.5 billion, the company told Hong Kong’s stock exchange late Wednesday. State-owned China Energy Reserve and Chemicals Group owns 55 percent of the purchaser, with Hong Kong individuals accounting for the rest, local media reported.
The deal bodes well for the potential sale of the Langham Place Office Tower in Mongkok by Champion REIT, Morgan Stanley said. A mainland Chinese company, LVGEM (China) Real Estate Investment Co., last month announced the HK$9 billion purchase of a building from Wheelock & Co. Earlier this year, Henderson Land Development Co. paid HK$23.3 billion for the first commercial land sold by the government in the Central district in more than 20 years.
“Demand from mainlanders remains strong and capital controls may not be as strict as many investors think,” Raymond Cheng, director of Hong Kong and China property research at CIMB Securities, wrote in a note. “We expect this transaction to set a benchmark for future office transactions, especially in Central.”
CK Asset shares rose as much as 4.6 percent, the biggest intraday gain since July last year. They were up 2.9 percent as of 10:40 a.m. local time. The sale proceeds may go into share buybacks, special dividends or investments in high-yielding non-property assets, Cheng said.
CK Asset, which changed its name from CK Property, is diversifying away from its main real-estate business. CK Asset and affiliate CK Infrastructure Holdings Ltd. earlier this year agreed to buy a German maker of smart meters for about 4.5 billion euros ($5.3 billion), building on the company’s expansion in infrastructure and energy.
73-story Tower
CK Asset’s properties, which include the Cheung Kong Center and Hutchison House, spanned about 17 million square feet (1.6 million square meters) as of June, with more than 80 percent located in Hong Kong, according to the company. It owned 75 percent of the floor space in The Center, according to Morgan Stanley.
The 73-story tower in the Central business district is the city’s fifth-tallest, according to the Skyscraper Center. Hong Kong’s skyscrapers command the highest rents in the world, according to a report from Knight Frank, which said rental costs are more than four times higher than in Singapore. Rental growth will continue to be robust on an influx of mainland Chinese tenants, Knight Frank said.
The deal suggests that September’s scrapped sale of the Excelsior hotel in Causeway Bay was an exception, rather than a sign of a cooling market. The purchaser of The Center, C.H.M.T. Peaceful Development Asia Property Ltd., is a British Virgin Islands special purpose vehicle set up for the acquisition.
— With assistance by Prudence Ho

Missile targeting Saudis was Iranian, U.S. Air Force official says - CBS News

November 10, 2017,
Missile targeting Saudis was Iranian, U.S. Air Force official says
DUBAI, United Arab Emirates -- Iran manufactured the ballistic missile fired by Yemen's Shiite rebels toward the Saudi capital and remnants of it bore "Iranian markings," the top U.S. Air Force official in the Mideast said Friday, backing the kingdom's earlier allegations.
The comments by Lt. Gen. Jeffrey L. Harrigian, who oversees the Air Force's Central Command in Qatar, further internationalizes the yearslong conflict in Yemen — the Arab world's poorest country.
Saudi Arabia long has accused Iran of giving weapons to the Shiite rebels known as Houthis and their allies, though Tehran has just as long denied supplying them.
"There have been Iranian markings on those missiles," Harrigian told journalists at a news conference in Dubai ahead of the Dubai Air Show. "To me, that connects the dots to Iran."
There was no immediate reaction from Tehran.
Saudi Arabia says it shot down the missile Nov. 4 near Riyadh's international airport, the deepest yet to reach into the kingdom. Saudi Arabia's Foreign Ministry later said investigators examining the remains of the rocket found evidence proving "the role of Iranian regime in manufacturing them." It did not elaborate, though it also mentioned it found similar evidence after a July 22 missile launch. French President Emmanuel Macron similarly this week described the missile as "obviously" Iranian.
Nikki Haley, the U.S. ambassador to the United Nations, said in a statement Tuesday that the July launch involved an Iranian Qiam-1, a liquid-fueled, short-range Scud missile variant. Iran used a Qiam-1 in combat for the first time in June when it targeted Islamic State of Iraq and Syria (ISIS) militants in Syria over twin militant attacks in Tehran.
Harrigian declined to offer any specifics on what type of missile U.S. officials believed it was, nor did he show any images of the debris. He also didn't explain how Iran evaded the blockade by the Saudi-led coalition, which intensified after the missile targeting Riyadh.
"How they got it there is probably something that will continue to be investigated over time," the lieutenant general said. "What has been demonstrated and shown based on the findings of that missile is that it had Iranian markings on it. That in itself provides evidence of where it came from."
The Houthis have described using Burkan-2 or "Volcano" Scud variants in their recent attacks, including the one on Nov. 4. Those finless missiles are reminiscent of the Qiam, wrote Jeremy Binnie of Jane's Defense Weekly in a February analysis.
"The Burkan-2 is likely to heighten suspicions that Iran is helping Yemen's rebel forces to develop their ballistic missile capabilities," Binnie wrote.
Adding to that suspicion is the fact that Yemen's missile forces previously never had experience in disassembling and rebuilding the weapons, said Michael Knights, a fellow at The Washington Institute For Near East Policy who previously worked in Yemen.
It is "not a stretch to believe that Tehran is supporting the Houthi missile program with technical advice and specialized components," Knights wrote in an analysis Thursday. "After all, the Houthis have rapidly fielded three major new missile systems in less than two years while under wartime conditions and international blockade."
The U.S. already is involved in the war in Yemen and has launched drone strikes targeting the local branch of al-Qaida, though it stopped offering targeting information under the Obama administration over concerns about civilian casualties. That prohibition continues today, though the Air Force continues to refuel warplanes in the Yemen theater and offers support in managing airspace over the country, Harrigian said. The Saudi-led coalition also uses American-made bombs and ordinance in its attacks.
Yemen long has had ballistic missiles, dating back to the 1970s when Yemen was split between the socialist South Yemen and North Yemen. After unification in 1990 and a later civil war, Yemen largely moved its ballistic missile stockpile to a mountain base in Sanaa, the capital. It also purchased more from North Korea.
When the Houthis seized Sanaa in September 2014, their allied fighters also held control of the ballistic missiles. The Yemeni military was widely believed to possess around 300 Scud missiles at the time, though exact figures remain unknown.
The Saudi-led coalition entered the war in March 2015 on the side of Yemen's internationally recognized government. It then attacked the ballistic missile base in April 2015, touching off massive explosions that killed several dozen people. Saudi Arabia implied at the time that the Scud arsenal in Yemen had been seriously degraded, if not entirely destroyed, as a result of the airstrikes.
It soon would become clear that wasn't the case. In June 2015, the rebels fired their first ballistic missile into Saudi Arabia near the southwestern city of Khamis Mushait. In the time since, Yemen's rebels have fired over 70 ballistic missiles into Saudi Arabia, according to the Washington-based Center for Strategic and International Studies' missile defense project.
For its part, Iran long has denied offering any arms to Yemen, though it has backed the Houthis and highlighted the high civilian casualties from the Saudi-led coalition's campaign of airstrikes.
But others in Iran have been coy about the ballistic missiles in Yemen. Mehdi Taeb, an influential hard-line cleric who is a brother to the intelligence chief of the hard-line Revolutionary Guard, said in April that Iran tried three times to send missiles to Yemen. The Guard, answerable only to Supreme Leader Ayatollah Ali Khamenei, oversees Iran's missile program.
"We did it one time via an airplane, one time via a Navy boat and one time with a ship," Taeb said in an online video.
The cleric said ultimately the administration of Iranian President Hassan Rouhani ordered the transfers stopped over negotiations on the nuclear deal with world powers, without offering a specific time for the attempted shipments.
"They said come back because the Americans said, 'If you send missiles to Yemen, we will end the negotiations,'" Taeb said.

Ex-Trump aide Mike Flynn 'offered $15m by Turkey for Gulen' - BBC News

Ex-Trump aide Mike Flynn 'offered $15m by Turkey for Gulen'
Mr Flynn denies discussing anything illegal
A former top White House aide was reportedly offered $15m (£11.5m) to help forcibly remove a Muslim cleric from the US and deliver him to Turkey.
Ex-national security adviser Michael Flynn and his son discussed the alleged plot with Turkish representatives, NBC News and Wall Street Journal report.
His lawyer denounced the allegations as "outrageous" and "false".
The matter is said to have emerged in a justice department probe into alleged Russian meddling in the US election.
Mr Flynn quit his post after misleading the White House about meeting a Russian envoy before President Donald Trump took office in January.
The alleged plot to remove the cleric, Fethullah Gulen, was first revealed in March 2017 by former CIA director James Woolsey.
The Turkish government accuses Mr Gulen, who lives in the US state of Pennsylvania, of being behind last year's failed coup.
He is viewed as chief political rival to Turkish President Recep Tayyip Erdogan, who has repeatedly called for Mr Gulen's extradition from the US.
According to the Wall Street Journal, special counsel Robert Mueller's investigation is focusing on a meeting in mid-December between Mr Flynn and Turkish officials in New York.
Mr Flynn reportedly discussed having Mr Gulen transported on a private jet to the Turkish prison island of Imrali.
Fethullah Gulen: Powerful but reclusive Turkish cleric
Michael Flynn: Former US national security adviser
Mr Flynn was serving on the White House transition team during the reported meeting, which came a month before he joined the Trump administration.
He also met Turkish representatives in September last year, according to Mr Woolsey, a board member for Mr Flynn's consultancy.
Mr Woolsey has previously told CNN that in September, "there was at least some strong suggestion by one or more of the Americans present at the meeting that we would be able, the United States would be able, through them, to be able to get hold of Gulen".
NBC reported that federal investigators are also looking into whether Mr Flynn tried to push for the return of Mr Gulen to Turkey during his time as White House national security adviser.
Mr Flynn's attorney did not immediately respond to a request for comment from the BBC. However, one of his lawyers, Robert Kelner, later issued a statement saying that, as a rule, they had avoided responding to media rumours and allegations.
"But today's news cycle has brought allegations about General Flynn, ranging from kidnapping to bribery, that are so outrageous and prejudicial that we are making an exception to our usual rule: they are false."
A spokesman for his company has also previously denied he discussed any illegal actions with the Turks.
Mr Flynn Snr was the first aide in Mr Trump's White House to resign, after only 23 days on the job.
The retired lieutenant general had admitted lying to Vice-President Mike Pence about a meeting with the Russian ambassador in which the lifting of US sanctions was discussed.
Mr Flynn also failed to register as a lobbyist for the Turkish government while he was seeking White House security clearance.
In 2016, his consultancy Flynn Intel Group was paid $530,000 for lobbying on behalf of the Turkish government - work which required him to register as "a foreign agent".
His lawyer later said Mr Flynn had not registered because he was working for a Turkish businessman, rather than a government official.
Investigators are also looking into the actions of his son, Michel Flynn Jr, who worked closely with him at Flynn Intel Group.
NBC News and The Wall Street Journal also reported that Mr Flynn and the meeting participants had discussed a way to free Turkish-Iranian gold trader Reza Zarrab, who is in a US jail on charges of evading US sanctions on Iran.