Museveni Lauds Mandela’s Contribution to South Africa’s Liberation

President Yoweri Museveni has paid glowing tribute to former African National Congress (ANC) and South African leader, late Nelson Mandela, for his great contribution to the liberation of South Africa in particular and the African continent in general. He said that the current generation of African leaders needs to complete the work started by the […]

Anorexic Teen Weighed Just 70lbs Before She Was Forced To Dramatically Change Her Life

Anorexia is thought to affect nearly three million people across the globe. The eating disorder takes control of the lives of those it effects, often with catastrophic consequences. Vera Schulz knows this only too well, for she was nearly a victim of the disorder. And I say “nearly” because fortunately, Vera managed to find something […]

The post Anorexic Teen Weighed Just 70lbs Before She Was Forced To Dramatically Change Her Life appeared first on Viral Thread.

France’s Vivendi confirms outlook as second-quarter shows Canal Plus improving

By Gwénaëlle Barzic

PARIS (Reuters) – French media group Vivendi <VIV.PA> reported better than expected core profit growth for the second quarter on Thursday and confirmed its outlook for the year, saying its struggling Canal Plus pay TV arm was showing signs of improvement.

Earnings before interest, tax and amortization (EBITA) grew 16 percent from a year earlier to 203 million euros ($242 million), it said in a statement.

A poll of analysts for Reuters by Inquiry Financial had forecast on average an EBITA result of 183 million euros.

Vivendi, led by billionaire Vincent Bollore, has ambitions to become a European media powerhouse and has made acquisitions in the telecoms, broadcasting, advertising and video gaming sectors to that end.

Vivendi’s two main units, Canal Plus and Universal Music Group (UMG), have offered contrasting performances lately.

Canal Plus’s results have been hampered by the operating losses of its French channels, while UMG is benefiting from higher streaming revenues.

However, Thursday’s statement said that “tangible signs of improvement in revenues and EBITA” had been seen at Canal Plus in the second quarter.

Although the core French Canal Plus business is still struggling with falling sales, international pay-TV operations did well with a net increase in its subscriber base in the first half.

Meanwhile, the Canal Plus French operation is beginning to benefit from its foray into the bundled telecoms, TV and internet market. A presentation accompanying the results showed that it now reached about 3 million out of its 8 million clients through telecoms networks.

Vivendi reaffirmed an EBITA target for the year of 350 million euros for the unit.


UMG, which Bollore has said he may list separately on the stock market, reported healthy 14 percent revenue growth for the first half in part thanks to impressive sales of Luis Fonsi’s record-breaking “Despacito”, featuring Daddy Yankee and Justin Bieber.

The song has become the most-streamed of all time with over five billion streams across all streaming platforms.

It is the first non-English U.S. No. 1 in more than two decades, and in Britain, it has become the longest-running foreign language No. 1 in history.

Vivendi has been under a spotlight in Italy lately after it built up significant stakes in Telecom Italia (TIM) <TLIT.MI> and the country’s biggest private broadcaster, Mediaset <MS.MI>.

In July, the group bought out the 60 percent stake of advertising group Havas <HAVA.PA> owned by Bollore’s holding company.

Havas warned last week that it may not achieve its target for between 2 and 3 percent organic revenue growth in 2017 because of falling advertising spending and a downturn in high growth markets.

However, the Vivendi statement said the integration was still expected to have a positive impact on group earnings for the second half of 2017.

Yannick Bollore, one of the billionaire’ s sons, heads Havas and has been lined up by his father to eventually take over as the boss of Vivendi.

Bollore also appointed two of his allies to the Vivendi board on Thursday to exert even tighter control on the group.

(Additional reporting by Andrew Callus; and Sudip Kar-Gupta; Editing by Adrian Croft)

Brought to you by

A Computer Has Written The Last ‘Game Of Thrones’ Book And Things Get Very, Very Weird

Writing a novel is an arduous, time-consuming process – especially if you’re a renowned author with a lot of fans to please. There are currently seven books in George R. R. Martin’s critically acclaimed series A Song of Ice and Fire, but the seventh book, The Winds of Winter, is still “months away” from completion. The Winds […]

The post A Computer Has Written The Last ‘Game Of Thrones’ Book And Things Get Very, Very Weird appeared first on Viral Thread.

Wells Fargo uncovers more fake accounts in drawn-out scandal

By Dan Freed

(Reuters) – Wells Fargo & Co hiked the tally of accounts that were potentially opened without customers’ knowledge by over a million on Thursday after an expanded review of improper sales practices.

The revelation is the latest chapter in a year-long scandal at the San Francisco bank and puts it back in the crosshairs of lawmakers as they prepare to return to Congress next week.

Democratic U.S. Senator Elizabeth Warren, a leading voice on consumer finance issues, tweeted “Unbelievable” after Wells Fargo said it had found an additional 1.4 million accounts were potentially opened without permission, bringing the total estimate to about 3.5 million.

She repeated her call for the bank’s top brass to appear before the Senate Banking Committee.

“Every new disclosure seems to expand the scope of the bank’s troubles, which creates the perception that the scandal is getting bigger rather than going away,” said Jaret Seiberg, an analyst with Cowen Washington Research Group.

“We believe the political and regulatory spotlight will continue to shine brightly on Wells Fargo. That is likely to limit the ability of the bank to grow aggressively.”

The scandal over phony accounts first erupted last September, when Wells Fargo reached a $190 million settlement with regulators over the matter. That led to the departure of its veteran chief executive John Stumpf, a divisive shareholder meeting and disclosures of other sales practice problems ranging from unwanted auto insurance to improper mortgage fees.

Once lauded on Wall Street for its ability to sell more products to customers than any of its big-bank rivals, Tim Sloan, who took over as chief executive last year, faces a long slog to revive the bank’s reputation.

The problems reported on Thursday came after a third party hired by Wells Fargo examined accounts stemming back to 2009, a broader timeframe than a review conducted last year. The bank previously disclosed the expanded review in a quarterly securities filing, but not its results.

Wells will return $2.8 million to customers who appear to have had consumer and small business accounts opened without permission. It also uncovered about 528,000 potentially unauthorized online bill pay enrollments, a newly disclosed problem, and will return $910,000 to customers who were affected.

The bank also faces multiple regulatory probes and private lawsuits.

A pending settlement for one private lawsuit led Wells to review accounts dating back to 2002, Sloan said on a conference call with reporters.

“With the expanded analysis now complete, we will focus on remediation and making things right for our customers,” he said.

The unauthorized online billpay fees were small, Sloan said, often $1. They resulted from branch employees setting up accounts in order to achieve product sales goals that have since been eliminated. The bank has refunded these amounts.

Wells Fargo shares were down 0.8 percent in early afternoon trading, underperforming the S&P Financial which was flat.

The additional refunds amount to a tiny fraction of the bank’s quarterly earnings, but investors who spoke to Reuters in recent weeks said they were less worried about the hard costs than a degradation of the bank’s once-pristine brand.

They also expressed concern about Wells becoming an easy political target going into the midterm elections.

Warren Buffett, who runs Wells Fargo’s largest investor, Berkshire Hathaway Inc, said this week he still considers it a great bank despite selling some of his holdings. But he acknowledged the bank will likely find more problems now that it is shining a light in dark places.

“There’s never just one cockroach in the kitchen,” he said on CNBC.

(Reporting by Dan Freed in New York; Additional reporting by David Henry and Olivia Oran; Editing by Lauren Tara LaCapra, Bernadette Baum and Carmel Crimmins)

Brought to you by

Uruguay’s Suarez cleared to play Argentina in World Cup game

BARCELONA, Spain (AP) — Uruguay striker Luis Suarez has been cleared to play hours before a World Cup qualifier against Argentina after recovering from a knee injury ahead of schedule.

Barcelona said Suarez had been cleared by both the Spanish club and Uruguay’s team doctors for the game against Argentina later Thursday. Uruguay has another World Cup qualifier against Paraguay on Tuesday.

Uruguay is currently third in the South American qualifying group, tied on points with Chile and one point ahead of Argentina. The top four finishers qualify for the 2018 World Cup, while the fifth-placed team enters a playoff.

The 30-year-old Suarez injured his right knee two weeks ago during Barcelona’s 2-0 loss at Real Madrid in the second leg of the Spanish Super Cup. Barcelona ruled him out for four weeks, but he has returned in half that time.

Brought to you by

Update: Two years jail term for trader who caused Zambia market fire

Update: Source of fire jailed two years

Local media portal, the Lusaka Times, has reported that the cause of Wednesday market fire in northern Zambia has been established.

It was caused when a charcoal trader left a brasier – large metal container in which coal or charcoal is burned; unattended as he went to offload charcoal that had been brought to the market.

The unnamed convict pleaded guilty to criminal negligence and was handed a two-year jail term with hard labour. Traders continue to count their losses from the rampaging inferno.

Original story of Wednesday August 30, 2017

Fire has gutted thousands of stalls and caused extensive damage at a market located in Zambia’s Copperbelt region.

According to local media portal, Mwebantu, the Kapalala market located in the town of Ndola has been burnt to the ground. The market is the main business center in the region.

The latest fire said to have started around 1 am on Wednesday comes barely months after City Market, the country’s biggest trading center located in the capital Lusaka, was also burnt down.

Even though the cause of the fire is yet to be ascertained, reports indicate that thousands of stalls in the market have gone up in flames.

Even as authorities move to bring the blaze under control, reports indicate that goods worth millions of kwacha – the Zambian currency – have gone up in flames.

The country is currently under a partial state of emergency imposed in the wake of similar fires targeting public installations in the southern African country.

Ndola City Council Town Clerk Wisdom Bwalya who was at the scene with the Mayor Mr. Amon Chisenga bemoaned the unfortunate incident which he said had caused incalculable losses to hundreds of traders.

“It pains us deeply to announce that almost the entire Kapalala market in Masala, Ndola has been gutted by a fire that swept through the trading place in the early hour of today,” Mr Bwalya said.

“The fire which is reported to have started around 01:00hrs was quenched by alert fire fighters with the help of local residents. I was at the scene from around 01:00hrs,” he is quoted by the Lusaka Times portal to have said.

The Hidden Messages In Taylor Swift’s ‘Look What You Made Me Do’ Music Video That You Didn’t Notice

Taylor Swift has dominated the music industry since she released her first album in 2006. So, when she released ‘Look What You Made Me Do’ this month, it was guaranteed to be a smash hit. Whilst the song itself has received mixed reviews, the accompanying video has become iconic overnight. But, people are talking about […]

The post The Hidden Messages In Taylor Swift’s ‘Look What You Made Me Do’ Music Video That You Didn’t Notice appeared first on Viral Thread.

Ladies Get Ready For The Next Hearthrob! Mwachari Proves He Is Kenya’s Voice Of RnB (Audio)

RnB is a genre of music that has faded slowly and now has a few members left and upcoming. Mwachari came in for an interview with Kiss FM’s Chito on The Maloko Show. He is an upcoming sensational RnB artiste who released the song ‘Oyao’ a month ago that has become a constant request. During the interview, […]

The post Ladies Get Ready For The Next Hearthrob! Mwachari Proves He Is Kenya’s Voice Of RnB (Audio) appeared first on Kiss FM.

“Thank You For The Opportunity” Larry Asego Quits Classic 105

Radio Africa Group’s Classic 105 is less another big presenter after Larry Asego quit his job. This is just a few months after Nick Odhiambo left the station to head to Radio Maisha to replace Jalang’o who joined Hot 96 FM. Larry and Nick used to host an evening show called Larry Nick and Friends […]

The post “Thank You For The Opportunity” Larry Asego Quits Classic 105 appeared first on Naibuzz.

Social media & sharing icons powered by UltimatelySocial