Kamis, 05 Desember 2019

Huawei launches new legal challenge against US ban - BBC News

Chinese telecoms giant Huawei has launched a legal challenge to a decision by US regulators to classify it as a national security threat.

It comes after the US Federal Communications Commission put curbs on rural mobile providers using a $8.5bn (£6.5bn) government fund to buy Huawei equipment.

The firm said evidence that it was a threat to security "does not exist".

The move is the latest in a series of challenges between Huawei and the US.

The company has asked the US Court of Appeal to overturn the decision.

Speaking at a news conference at Huawei's headquarters in Shenzhen, the company's chief legal officer, Song Liuping, said: "The US government has never presented real evidence to show that Huawei is a national security threat. That's because this evidence does not exist."

This is the second legal challenge this year by the company as it fights back against the Trump administration's policies.

Huawei launched similar legal action in May, challenging a decision to ban US government agencies from buying its equipment.

The company has been drawn into the disputes against the backdrop of the bitter trade war between the world's two biggest economies.

It has a leading role in manufacturing and selling key technology for next generation 5G telecoms infrastructure.

Meanwhile, Washington has been pressuring other nations to not allow Huawei to build their critical 5G telecoms infrastructure.

At the Nato summit in the UK on Wednesday, UK Prime Minister Boris Johnson said the decision on whether to allow Huawei a role in building Britain's 5G networks would be based on ensuring continued co-operation with the US over intelligence sharing.

"On Huawei and 5G, I don't want this country to be unnecessarily hostile to investment from overseas," Mr Johnson said.

"On the other hand, we cannot prejudice our vital national security. Nor can we prejudice our ability to co-operate with other vital... security partners - and that will be the key criteria that informs our decision about Huawei."

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2019-12-05 08:25:47Z
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Rabu, 04 Desember 2019

Stock futures point to a rebound for Wall Street with renewed optimism over U.S.-China trade talks - MarketWatch

U.S. stock futures climbed early on Wednesday as investors took cheer from a report that Beijing and Washington are still working toward a phase one trade deal, offsetting fears of a delay sparked a day earlier by President Donald Trump’s remarks.

What are stocks doing?

Dow Jones Industrial Average futures YMZ19, +0.57%  were up 113 points, or 0.4%, at 27,600, while S&P 500 futures ESZ19, +0.49%  climbed 11.15 points, or 0.4%, to 3,102.25. Nasdaq-100 NQZ19, +0.62%  futures rose 37.75 points, or 0.5%, to 8,289.

On Tuesday, the Dow Jones Industrial Average DJIA, +0.53% ended 280.23 points lower, down 1%, at 27,502.81, for its biggest one-day point and percentage drop since October 8. The S&P 500 index SPX, +0.43% finished with a loss of 20.67 points, or 0.7%, at 3,093.20, while the Nasdaq Composite Index  COMP, +0.44% retreated 47.34 points, or 0.6%, ending at 8,520.64.

What’s driving the market?

Stocks climbed in Europe and were set to rebound in the U.S. after Bloomberg reported, citing sources, that despite signs of fresh tensions, Beijing and Washington were making progress toward a phase one trade deal.

Those sources said that a phase one agreement would be completed before another set of China tariffs is set to kick in on December 15. Stocks slumped on Tuesday after U.S. President Donald Trump said at a news conference in London, where he was attending a NATO meeting, that he had “no deadline” when it comes to concluding the two-year-old U.S.-China trade talks.

“It still baffles me that investors hang on every Trump statement and tweet,” said Craig Erlam, an analyst with OANDA Europe. “His trade deal optimism changes on a near-daily basis and yet investors are very sensitive to it. It’s probably a reflection of the relative lack of other talking points.”

Read: What a ‘no-deal’ U.S.-China trade scenario would mean for stocks and bonds

The sources told Bloomberg that Trump’s comments shouldn’t be read as an indication negotiations were at an impasse, nor would U.S. legislation aimed at supporting Hong Kong protesters and ethnic Muslims in the far west of China affect a deal.

Private-sector employers hired just 67,000 workers in November, payroll processor ADP said Wednesday morning, a much weaker reading than analysts had forecast, made worse by downward revisions to earlier months.

Fresh data on the services sector of the U.S. economy is also due Wednesday: the Markit services sector purchasing managers index is released at 9:45 a.m. Eastern and the Institute for Supply Management’s nonmanufacturing index is due at 10 a.m.

At 10 a.m., Federal Reserve Vice Chairman Randal Quarles will testify before the House Financial Services Committee. The hearing is about banking supervision, not monetary policy.

What stocks are in focus?

Shares of Tesla Inc. TSLA, -0.44% moved up in premarket trading after an analyst upgrade. Citi analysts said shares were likely to hit $222, up from a previous target of $191, but that still implies a hefty decline for the stock, which closed Tuesday at $336.20.

G-111 Apparel Group Ltd. GIII, -9.74% shares fell in premarket hours after the owner of fashion brands like Calvin Klein missed sales expectations and lowered its guidance. The company said tariffs were biting into its business.

Shares of Campbell’s Soup CPB, +1.06% slid 2.5% after the company reported earnings that were weaker than a year ago and cut its 2020 sales growth guidance.

Investors will also be watching for third-quarter results from Restoration Hardware RH, +0.15%, Slack Technologies, Inc. WORK, -0.84%, and H&R Block Inc., HRB, +0.64% among others.

What are other markets doing?

The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, +1.60% ticked up three basis points to 1.74%.

In commodities markets, the price of a barrel of West Texas Intermediate crude oil CL00, +2.99% edged up 1.60% to $57.

Gold for February delivery GCG20, -0.05% fell 3.30 to $1,474.90.

The U.S. dollar edged down fractionally against a basket of its peers.

European stocks were higher, with the STOXX Europe SXXP, +0.87% up a little more than 4 points, 1%, to 402.76.

In Asia overnight, the Hang Seng fell 328 points, 1.3%, and the China CSI 300 ticked down 1.3 points to 3,849.82.

Related: Don’t get so excited, this economist says — the trade news isn’t that good

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2019-12-04 13:25:00Z
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Dow Jones Futures: China Trade Deal Hopes Set To Buoy Stock Market Rally; Alphabet CEO Larry Page Exits With Google Stock A Buy - Investor's Business Daily

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  1. Dow Jones Futures: China Trade Deal Hopes Set To Buoy Stock Market Rally; Alphabet CEO Larry Page Exits With Google Stock A Buy  Investor's Business Daily
  2. Dow tumbles on Trump's China remarks  NHK WORLD
  3. Futures Rebound, Jobs, Salesforce, Marvell, Alphabet - 5 Things You Must Know  TheStreet.com
  4. Dow Jones Today: Stocks Sell Off On Trump Trade Comments, Biotech Stocks Stage Stealth Rally  Investor's Business Daily
  5. Dow Jones, S&P 500, Nasdaq 100: Weakness Brings Support into Play  DailyFX
  6. View full coverage on Google News

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2019-12-04 12:49:00Z
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Dow Jones Futures: China Trade Deal Hopes Set To Buoy Stock Market Rally; Alphabet CEO Larry Page Exits With Google Stock A Buy - Investor's Business Daily

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  1. Dow Jones Futures: China Trade Deal Hopes Set To Buoy Stock Market Rally; Alphabet CEO Larry Page Exits With Google Stock A Buy  Investor's Business Daily
  2. Futures Rebound, Jobs, Salesforce, Marvell, Alphabet - 5 Things You Must Know  TheStreet.com
  3. Dow Jones, S&P 500, Nasdaq 100: Weakness Brings Support into Play  DailyFX
  4. Dow Jones Today: Stocks Sell Off On Trump Trade Comments, Biotech Stocks Stage Stealth Rally  Investor's Business Daily
  5. Dow tumbles on Trump's China remarks  NHK WORLD
  6. View full coverage on Google News

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2019-12-04 11:48:00Z
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Larry Page is the tech world’s Dr. Manhattan - The Verge

You never forget the first time you see Sergey Brin. This is because he is wearing Crocs, and while you have read profiles that take great pains to point out that the billionaire Google co-founder is wearing cheap plastic shoes, they still come as a surprise when you find yourself face to foot with them.

For me this experience came four years ago, when Google invited me and a bunch of other reporters down to Mountain View to get an update on its self-driving car. Brin made a surprise appearance at the event, took a handful of questions, and then went back to doing whatever Brin did during the day. (It often seemed to involve a Segway.)

Larry Page, on the other hand, you never saw at all. Brin at least seemed to be of this world — I later bumped into him at a restaurant in San Francisco, where he was attending some sort of party for the Google Glass team, wearing a pair on his face — but Page was a phantom. You might hear his voice on an earnings call every once in a while, but for the better part of the decade everyone had the same question about Larry Page: where in the world was he?

On Tuesday, we got the answer: he’s gone, and so is Brin. The co-founders wrote in a surprise farewell blog post:

If the company was a person, it would be a young adult of 21 and it would be time to leave the roost. While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents—offering advice and love, but not daily nagging!

Sundar Pichai is now CEO of Google and its holding company, Alphabet. And just like that, one of the founding stories of the modern-day internet — the two graduate students in their garage, devising a radically better search engine than the world had ever seen — has come to an abrupt close.

Of course, some observers wondered whether it had come to a close at all. Page and Brin remain on Google’s board and are not selling off their founder stock, which gives them ultimate control over the company’s fate. “Nothing in the Page/Brin announcement says anything about a divestiture or relinquishing of the voting control,” tweeted Luther Lowe, the Yelp lobbyist and professional Alphabet antagonist. “The fact remains: Larry Page and Sergey Brin are the most powerful and least accountable humans on the planet.”

Kara Swisher echoed those sentiments, pointing out that the founders had “essentially gone AWOL” years ago. That was backed up by Googlers I heard from. “By my reckoning, they had checked out since about the time of the transition to Alphabet in 2015/2016.”

OK, sure. But to the extent that they are leaving — why now?

One popular theory was that they are fleeing — something. Some speculated that they are fleeing a board investigation into Google’s troubling history of inappropriate relationships between Google’s mostly male C-suite and their subordinates. (If you don’t know the name Amanda Rosenberg, you should.) Or maybe they are fleeing a period of historic worker unrest at Google. Others told me they must be leaving because of the ongoing antitrust investigations into the company.

Still others wondered if they were simply trying to get out of the Google media holiday party Tuesday. (That’s a joke; they never came!) Then there was Salesforce CEO Marc Benioff, who tweeted “How about Page/Brin 2020?” ... to absolute crickets.

Perhaps one of these theories will prove to be true in time. In the meantime, I’m left thinking of the superb HBO series Watchmen, which is now late into its first season. It’s a superhero show where only one character has actual superhero powers: a godlike enigma named Dr. Manhattan, who began life as an ordinary scientist before being transformed into an all-powerful titan on accident.

Eventually Dr. Manhattan grows to be so powerful that he loses all interest in the affairs of ordinary humans, and goes to live by himself on Mars. People call a hotline and leave him voicemails begging for his intervention in their affairs, and he ignores them all. His time among mortals is simply done.

It’s hard not to look at Larry Page’s life and see a little Dr. Manhattan in him. A young scientist becomes a titan of industry in an accidental collision of technology and timing, sending him into such rarefied air that he all but loses interest in his former world. The rest of us shout questions at him forever, but we’re just shouting into the void.

(I don’t know who the Brin analogue would be in the Watchmen universe. Suggestions welcome!)

Page and Brin’s Google was a historical triumph. But there’s little that feels triumphant about their sudden departure. The heat turned up on Google, and they decided to head for the exits. Google’s outsized success will dominate stories about their legacy. But the way they left — bored and mostly absent in a time of crisis — is part of their legacy, too.

The Ratio

Today in news that could affect public perception of the big tech platforms.

Trending up: Facebook is expanding its efforts against ad discrimination, following a settlement with the ACLU earlier this year. Its searchable ad library will now include housing ads targeted at people in the US.

Trending down: Four former Google engineers are filing unfair labor practice charges against the company for allegedly firing them due to workplace organizing efforts.

Trending down: Amazon’s on-site medical care puts workers in danger, a new investigation from The Intercept reports. The company sometimes fails to provide adequate care and discourages workers from going to the hospital, even in serious situations.

Trending up: Apple CEO Tim Cook signed a renewed commitment to the Paris Agreement, saying “humanity has never faced a greater or more urgent threat than climate change.” Microsoft’s Satya Nadella, Tesla’s Elon Musk, and Google’s Sundar Pichai all co-signed the agreement as well.

Governing

Facebook moderators are suing the company in Europe, saying they suffered psychological trauma as a result of poor working conditions. These contractors, who work for CPL Resources in Dublin, say they lacked proper training to prepare for viewing horrific content. David Gilbert from Vice explains why this lawsuit poses a particular risk:

Facebook is already facing a lawsuit in California, brought by two former moderators who are seeking class-action status, but the lawsuit being filed in Dublin this week poses a much bigger risk for the company.

Not only are Europe’s workplace-safety rules much stricter than California’s, but among the dozen Dublin plaintiffs is one of Facebook’s own highly-paid employees.

The Facebook employee, who is seeking to remain anonymous during the court proceedings, worked on content flagged by moderators working for CPL and says that even their limited exposure to harrowing material has resulted in being diagnosed with Type 2 PTSD, which can result in symptoms ranging from irritability and panic attacks to suicidal feelings.

Fighting fake news isn’t just a job for tech companies and governments. This guide teaches you how to identify when something could be fake or taken out of its proper context — and fact-check to make sure it’s legit. Print this out and share it with your families! (Adi Robertson / The Verge)

The leak of classified trade documents between the UK and the United States resembles a Russian disinformation campaign, according to some experts. They say it could point to foreign interference in Britain’s election. (Jack Stubbs / Reuters)

Rating news sources could help limit the spread of misinformation, a new study shows. The ratings are most effective when they come from experts, rather than regular users. (Antino Kim, Alan R. Dennis, Patricia L. Moravec and Randall K. Minas / The Conversation)

The man who wrote the Facebook post that triggered the first correction under Singapore’s new fake news law is happy with how the tech company responded. “Facebook did a great job,” he said. “They didn’t say that this post contains a falsehood.” (Cameron Wilson / BuzzFeed)

Congress is split over your right to sue Facebook. Democrats have widely backed a provision that would ensure big tech companies are held liable for the data scandals they create. Republicans disagree, suggesting that it would create a storm of frivolous lawsuits that would negatively impact small businesses. (Makena Kelly / The Verge)

Democratic presidential candidate Michael Bloomberg has spent nearly $1 million on Google ads since the company said it would restrict political ads in the 2020 campaign. The company said that while the new policies don’t go into effect until January, Bloomberg’s ads are already in compliance. (Alex Kantrowitz / BuzzFeed)

Should social media companies be legally responsible for misinformation and hate speech? Right now, they’re shielded by Section 230 of The Communications Decency Act, but some politicians are looking to change that. Vox surveyed the 2020 Democratic presidential candidates to weigh in. (Rani Molla and Emily Stewart / Vox)

The Trump administration says a new French tax aimed at big tech companies discriminates against the United States. The announcement could lead to retaliatory tariffs as high as 100 percent on French wines. (Jim Tankersley and Ana Swanson / The New York Times)

A California college student is suing TikTok for illegally harvesting user data and sending it to China. She says the company neglected its duty to handle user data with care and knowingly violated a slew of statutes governing data gathering and the right to privacy. (Blake Montgomery / Daily Beast)

Schools in the United States are implementing pricey surveillance systems, ostensibly to keep kids safe. The technology monitors what students write in emails, chats and shared documents — some even track what they say on social media. (Lois Beckett / The Guardian)

Chinese scientists are using DNA samples from Uighurs and other predominantly Muslim minority groups to create images of peoples’ faces. The technology is also being developed in the US. (Sui-Lee Wee and Paul Mozur / The New York Times)

A Chinese diplomat is going after the US on Twitter, calling out the government’s hypocrisy in condemning China’s human rights abuses and saying American officials are scared of his country’s rise. (Ben Smith / BuzzFeed)

Russia passed a new law that will require manufacturers of smartphones, computers, and smart TVs to pre-install Russian-made software on their devices. The bill was approved earlier this year and officially signed into law on Monday. (Jon Porter / The Verge)

The FBI is treating any mobile app that comes out of Russia as a “potential counterintelligence threat,” according to a letter the law enforcement agency sent to Congress. Since 2015, Russia has required tech companies to store data on Russian users on servers inside the country, and hand it over if the government demands. (Ben Brody / Bloomberg)

Industry

Facebook created a chatbot to help employees navigate difficult conversations over the holidays. The “Liam Bot” teaches them what to say if someone wants to know how the tech giant handles hate speech, for example. Sheera Frenkel and Mike Isaac from The New York Times explain why this might be necessary:

Facebook’s reputation has been shredded by a string of scandals — including how the site spreads disinformation and can be used to meddle in elections — in recent years. In October, Mr. Zuckerberg was grilled by lawmakers for hours over everything from political advertising to work-force diversity.

For Facebook employees, that has sometimes led to questions from family and friends about why they would work for the Silicon Valley company. This year, Facebook fell to seventh place from the top spot when people were asked where they most wanted to work, according to a survey by Glassdoor, the employee reviews site.

Facebook announced the Liam Bot in a message to employees, the company said. In past years, Facebook provided employees with guidance for the holiday season by sharing news releases in internal groups, or directly with those who asked for advice. The company said it wanted to create a more efficient way to answer employee questions this year.

Google Photos added a new feature for fast messaging. With this release, Google has satisfied its legal requirement to release a new messaging product at random at least once a year. (Nick Statt / The Verge)

As Facebook expands into commerce, payments, and hardware, it’s still going to largely rely on ads as the cornerstone of its business. Other companies are pushing to diversify their businesses with subscriptions and licensing. (Sara Fischer / Axios)

Twitter is updating its global privacy policy to give users more information about what data is sent to advertisers. It’s also launching a site to share how it protects user data. (Elizabeth Culliford / Reuters)

A new YouTube policy will allow creators who produce gaming content to upload videos that contain simulated violence without worrying about being automatically hit by age-restriction gates. The new policy doesn’t apply to advertisement guidelines — if a video is considered too violent for marketers, it still runs the risk of being demonetized. (Julia Alexander / The Verge)

In the wake of recent reporting regarding how registered sex offenders use dating apps like Tinder, some people are suggesting these apps start doing background checks on users. That could change the culture of online dating, however, by limiting how freely users are willing to talk about their sexual preferences. (Ashley Carman / The Verge)

TikTok swiped one of Instagram’s senior European executives, Trevor Johnson, to head up the company’s UK and EMEA operations. The video-sharing platform has been on an aggressive hiring spree in the US and Europe. (Omar Oakes / Campaign)

Inside Twitch’s wildest talk show, a livestreamed reality TV series with 13 of the platforms more controversial personalities. (Cecilia D’Anastasio / Kotaku)

Investors and founders are starting to explore a new generation of social products that leverage the physical world, focus on content moderation and truth, or invent new content formats. (Sam Lessin / The Information)

And finally...

Standing ovation to the (anonymous, I think?) class clown who built a fake Liam bot for our enjoyment, simulating the chatbot Facebook employees are using to talk with family members over the holidays:

Aunt: What are you planning to do to lose the baby weight?

Robot: We’re committed to protecting people’s privacy.

It’s spectacular.

Talk to us

Send us tips, comments, questions, and your Larry Page / Watchmen fan fiction: casey@theverge.com and zoe@theverge.com.

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2019-12-04 11:00:00Z
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Read the email Sundar Pichai sent Google employees after founders Sergey Brin and Larry Page announced they were stepping down - Business Insider

Sundar PichaiSundar Pichai is now CEO of both Google and its parent company Alphabet.REUTERS/Brandon Wade/File Photo

  • Google cofounders Larry Page and Sergey Brin announced Tuesday they were stepping down from Google's parent company Alphabet.
  • Google CEO Sundar Pichai will now become CEO of both Google and Alphabet.
  • Pichai sent an email to employees on Tuesday outlining how his role will (and won't) change.
  • Visit Business Insider's homepage for more stories.

Tuesday marked the end of an era for Silicon Valley.

Larry Page and Sergey Brin, who founded Google in a garage in 1998, announced they were stepping down from Google's parent company Alphabet.

Their successor is Sundar Pichai, Google's CEO of four years. Pichai will be retain his role as CEO of Google as well as becoming CEO of Alphabet.

Pichai circulated an email to employees after Page and Brin put up a blog post announcing their departure on Tuesday, outlining what the change would mean for the company. 

In the email Pichai says that Google is a company of "continuous evolution," but that his accession won't affect Alphabet's structure or the day-to-day work of Googlers.

Here is the email in full:

Hi everyone,

When I was visiting Googlers in Tokyo a few weeks ago I talked about how Google has changed over the years. In fact, in my 15+ years with Google, the only constant I've seen is change. This process of continuous evolution — which the founders often refer to as "uncomfortably exciting" – is part of who we are. That statement will feel particularly true today as you read the news Larry and Sergey have just posted to our blog.

The key message Larry and Sergey shared is this:

While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it's time to assume the role of proud parents — offering advice and love, but not daily nagging!

With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, it's the natural time to simplify our management structure. We've never been ones to hold on to management roles when we think there's a better way to run the company. And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet. He will be the executive responsible and accountable for leading Google, and managing Alphabet's investment in our portfolio of Other Bets. We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders. In addition, we plan to continue talking with Sundar regularly, especially on topics we're passionate about!

I first met Larry and Sergey back in 2004 and have been benefiting from their guidance and insights ever since. The good news is I'll continue to work with them — although in different roles for them and me. They'll still be around to advise as board members and co-founders.

I want to be clear that this transition won't affect the Alphabet structure or the work we do day to day. I will continue to be very focused on Google and the deep work we're doing to push the boundaries of computing and build a more helpful Google for everyone. At the same time, I'm excited about Alphabet and its long term focus on tackling big challenges through technology.

The founders have given all of us an incredible chance to have an impact on the world. Thanks to them, we have a timeless mission, enduring values, and a culture of collaboration and exploration that makes it exciting to come to work every day. It's a strong foundation on which we will continue to build. Can't wait to see where we go next and look forward to continuing the journey with all of you.

— Sundar

Although Pichai emphasises that power in the two companies will be consolidated under him, it's important to note that since Page and Brin control over half of Google's shares, they will still have voting control over the company. In their goodbye blog post the pair said they would remain "actively involved" board members and shareholders.

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2019-12-04 10:04:11Z
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U.S., China Move Closer to Trade Deal Despite Heated Rhetoric - Bloomberg

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  1. U.S., China Move Closer to Trade Deal Despite Heated Rhetoric  Bloomberg
  2. Stocks log third day of losses after Trump warns China trade war could go beyond 2020 election  CNN
  3. Trump plans to move forward with more China tariffs this month, report says | Markets  Business Insider
  4. Trump’s new stance on China trade deal may be good for him but bad for investors  MarketWatch
  5. Hamish McRae: Trump's trade war demands a clever – not rash – response  The Independent
  6. View full coverage on Google News

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2019-12-04 09:11:00Z
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