Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is to ax vast swathes of its trading desks in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis, in a restructuring that will see 18,000 jobs go and cost 7.4 billion euros.

The plan represents a major retreat from investment banking by Deutsche Bank, which for years had tried to compete as a major force on Wall Street.

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    ‘The kids emptied our bank account playing Fifa’

    Image copyright EA

    Four children spent nearly £550 in three weeks buying player packs to play the Fifa football video game online on the family’s Nintendo Switch console.

    In Fifa, special players can be bought in packs, but the contents are only revealed after payment is completed.

    The children’s father, Thomas Carter, had bought them a single pack for around £8, and had not realised they had seen how he made the purchase.

    The Switch has now been confiscated “indefinitely”, Mr Carter said.

    InDriver launches ride-hail app in fourth African country, Uganda

    This post is by Jake Bright from TechCrunch

    Click here to view on the original site: Original Post

    Global ride-hail startup InDriver launches its app-based service in Kampala (Uganda) this week.

    After going live in Nairobi in June—the online taxi company now operates in four African countries: Kenya, Uganda, South Africa, and Tanzania

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    State driver’s license databases prove valuable for FBI, ICE for facial-recognition searches: report

    Federal authorities have had access to millions of Americans’ photos without their consent or approval from Congress by tapping into state driver’s license databases and have turned into an “unprecedented surveillance infrastructure” that some critics see as an “ask-permission-later” system, The Washington Post reported Sunday.

    The agencies reportedly using the databases include the F.B.I and Immigration and Customs Enforcement. Most of the photos at the DMV are of citizens never charged with a crime and not the subject of an investigation.

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    Innovative CIOs make shift to managing IT as a product

    Leading-edge CIOs are pursuing new IT operating models characterized by agile development and continuous delivery cycles. And while co-creation with the business is the latest recipe for IT-business alignment, CIOs must also ensure their workflows match attendant value streams.

    To read this article in full, please click here

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    How do deer grow antlers so quickly?

    A whitetail buck in the early stages of antler growth. (brm1949/

    This story originally published on

    When you stop and think about it, antlers seem like the stuff of science fiction rather than real life. They’re bones that grow extremely fast outside of a mammals body, and every year they fall off and grow back. For whitetails, at the peak of development, antlers will grow a ¼ inch per day; for bull elk it’s more like an inch.

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    THE RISE OF AMAZON ADVERTISING: This is exactly what Amazon is doing to siphon billions of ad dollars from Google and Facebook and why brands love it (AMZN, FB, GOOGL)

    Ted Soqui/Getty

    When Marianne Williamson vowed to set about “harnessing love for political purposes” at the first Democratic presidential debate, it may have seemed off-beat—or straight-up kooky—to some of the tens of millions of viewers who were hearing her for the first time. 

    But for those people watching from one particularly New Age-y swath of Southern California, Williamson’s schtick did not seem politically out of place at all. Five years ago, she  had run a campaign for Congress there. Much like her debate performance, it was a bizarre effort. 

    Data Roaming Plans Singapore – Starhub DataTravel vs Singtel ReadyRoam vs M1 Data Passport

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    If you see a bunch of bewildered looking tourists searching for wi-fi hotspots while on holiday, there’s a high chance they’re Singaporean. Apparently, we’ve all become so used to staring at our smartphones on those grinding MRT rides and during boring meetings that we’re completely unable to disconnect even on holiday.

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    Liz tries to improve the dress with a skinny belt to stop it swamping her. It’s so all-enveloping that – if you are one of the thousands who have bought it – passers-by will assume, depending on your age, that you are either pregnant or Ann Widdecombe

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    Elon Musk: Tesla will ‘most likely’ begin computer chip upgrades this year

    Tesla CEO Elon Musk said the company will “most likely” begin upgrading older electric vehicles with its new custom chip later this year — a lofty task that will involve retrofitting hundreds of thousands of Model S, X and 3s.

    Musk tweeted Sunday night that the upgrades will begin most likely at the end of the fourth quarter.

    End of Q4, most likely

    — Elon Musk (@elonmusk) July 8, 2019

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