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Leading software business SAP has been crowned by Glassdoor as the best place for German employees to work during the next year — and it’s not just Germany that SAP is winning over.

In Glassdoor’s annual best place to work rankings, the German-based group has made an appearance in five of the lists published this week, including France and the U.K. Reviews on Glassdoor see employees praise the company for the company’s work benefits and positive atmosphere shown across staff levels.

In Glassdoor’s 25 ‘Best places to work‘ list for Germany, it’s not just tech firms hitting the spot – transportation, consultancy and retail groups are also popular among the workforce.

To compile, the recruiter examined the input that workers give when offering feedback, in addition to ratings, which range from 1 to 5. With more than 830,000 companies assessed on Glassdoor worldwide, the top 10 firms in this list surpassed the average rating of 3.4; with each group receiving a figure of at least 4.3.

Here’s the top 10 companies to work for in Germany:

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Cetention of Huawei exec is ‘vile in nature’ China says



China summoned the Canadian ambassador to protest the detention of a top executive of leading Chinese tech giant Huawei, calling it “unreasonable, unconscionable, and vile in nature” and warning of “grave consequences” if she is not released.

A report by the official Xinhua News Agency carried on the Foreign Ministry’s website said that Vice Foreign Minister Le Yucheng called in Ambassador John McCallum on Saturday over the holding of Chief Financial Officer Meng Wanzhou, who is reportedly suspected of trying to evade U.S. trade curbs on Iran.

Huawei is the biggest global supplier of network gear for phone and internet companies and has been the target of deepening U.S. security concerns over its ties to the Chinese government. The U.S. has pressured European countries and other allies to limit use of its technology, warning they could be opening themselves up to surveillance and theft of information.

Le told McCallum that Meng’s detention at the request of the United States while transferring flights in Vancouver was a “severe violation” of her “legitimate rights and interests.”

“Such a move ignores the law and is unreasonable, unconscionable, and vile in nature,” Le said in the statement.

“China strongly urges the Canadian side to immediately release the detained Huawei executive … or face grave consequences that the Canadian side should be held accountable for,” Le said.

Roland Paris, a former foreign policy adviser to Canadian Prime Minister Justin Trudeau, said that Chinese pressure on the Canadian government won’t work.

“Perhaps because the Chinese state controls its judicial system, Beijing sometimes has difficulty understanding or believing that courts can be independent in a rule-of-law country. There’s no point in pressuring the Canadian government. Judges will decide,” Paris tweeted in response to the comments from Beijing.

A Canadian prosecutor urged a Vancouver court to deny bail to Meng, whose case is shaking up U.S.-China relations and worrying global financial markets.

Meng, also the daughter of Huawei’s founder, was detained at the request of the U.S. during a layover at the Vancouver airport Dec. 1 — the same day that Presidents Donald Trump and Xi Jinping of China agreed over dinner to a 90-day ceasefire in a trade dispute that threatens to disrupt global commerce.

The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

The surprise arrest raises doubts about whether the trade truce will hold and whether the world’s two biggest economies can resolve the complicated issues that divide them.

Canadian prosecutor John Gibb-Carsley said in a court hearing Friday that a warrant had been issued for Meng’s arrest in New York Aug. 22. He said Meng, arrested en route to Mexico from Hong Kong, was aware of the investigation and had been avoiding the United States for months, even though her teenage son goes to school in Boston.

Gibb-Carsley alleged that Huawei had done business in Iran through a Hong Kong company called Skycom. Meng, he said, had misled U.S. banks into thinking that Huawei and Skycom were separate when, in fact, “Skycom was Huawei.” Meng has contended that Huawei sold Skycom in 2009.

In urging the court to reject Meng’s bail request, Gibb-Carsley said the Huawei executive had vast resources and a strong incentive to bolt: She’s facing fraud charges in the United States that could put her in prison for 30 years.

The hearing will resume Monday after Meng spends the weekend in jail.

Huawei, in a brief statement emailed to The Associated Press, said that “we have every confidence that the Canadian and U.S. legal systems will reach the right conclusion.”

Canadian officials have declined to comment on Chinese threats of retaliation over the case, instead emphasizing the independence of Canada’s judiciary along with the importance of Ottawa’s relationship with Beijing.

Minister of Foreign Affairs Chrystia Freeland said Canada “has assured China that due process is absolutely being followed in Canada, that consular access for China to Ms. Meng will absolutely be provided.”

“We are a rule of law country and we will be following our laws as we have thus far in this matter and as we will continue to do,” Freeland said Friday.

While protesting what it calls Canada’s violation of Meng’s human rights, China’s ruling Communist Party stands accused of mass incarcerations of its Muslim minority without due process, locking up those exercising their right to free speech and refusing to allow foreign citizens to leave the country in order to bring pressure on their relatives accused of financial crimes.

The party also takes the lead in prosecutions of those accused of corruption or other crimes in a highly opaque process, without supervision from the court system or independent bodies.

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James Comey’s closed-door testimony on 2016 FBI probes



Former FBI Director James Comey on Friday defended his conduct and the bureau’s handling of the months-long investigation into Hillary Clinton’s private email server, even as he acknowledged in hindsight that the conduct of key officials involved in the case may have created the appearance of bias.

In transcripts of a closed-door hearing released on Saturday, Comey reiterated that there was “no substantive case” against the former Secretary of State for mishandling classified information. As part of an agreement with the Republican-led House Judiciary Committee, lawmakers agreed to release a full transcript of Comey’s testimony within 24 hours.

However, Comey told the U.S. House Judiciary Committee and House Oversight Committee that he was unaware of a series of text messages between Peter Strzok and Lisa Page, two agents formerly assigned to Special Counsel Robert Mueller’s Russia probe.

Strzok and Page were romantically linked, and exchanged thousands of disparaging messages about President Donald Trump during and after the election, while appearing to promote Clinton’s candidacy. Replying to a Congressman’s question, Comey suggested he would have blocked the agents from continuing in their roles in the probe.

“To the extent you’re asking about communications of Page and Strzok, if I had known about those things that they were communicating that I’ve seen in [the media], I would not have had them…playing any role in connection with that investigation,” Comey said, in response to a lawmaker’s question.

“The challenge for me is I haven’t read all the texts, but based on what I saw — have seen in the media since I left the FBI, that unless there was some explanation for that that I was missing, in my judgment, they wouldn’t have remained part of the investigation,” Comey added.

He also characterized the infamous Phoenix tarmac meeting between former Attorney General Loretta Lynch and former President Bill Clinton during the probe of his wife as inappropriate given the circumstances. “I was very concerned by the appearance of that interaction,” Comey said, according to the transcript.

“I remember being concerned about whether she should remain involved, especially after the tarmac visit,” the transcript of Comey’s remarks read. “But before I had an opportunity to discuss that with anyone at DOJ, the Attorney General announced that she would not recuse but would accept my recommendation and that of the career prosecutors.”

Comey sidestepped many of the questions related to the ongoing Russia investigation, but repeated that Trump was not the subject of the 2016 counterintelligence investigation involving four unnamed people linked to his campaign.

The transcripts cover the first of what is expected to be two days of hearings with Comey in the House of Representatives. The former FBI director is due to appear before the committees again on Dec 17.

Download a copy of the transcript here.

–Reuters and CNBC’s Kevin Breuninger contributed to this article.

Read the transcript of Comey’s entire testimony below.

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It’s a ‘messy correction’ – not a bear market, money manager says 



Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year.

Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve policy for the violent market swings.

“The first and fundamental question: Is this a correction or is this the start of the bear market? While you can certainly see a path that could get us to a bear market, I think it’s more of a messy correction,” he told CNBC’s “Trading Nation” on Friday. “We could go a little deeper.”

Gordon’s comments came as the major indexes got hammered. The Dow, S&P 500 and Nasdaq saw their worst weekly performance since last March. The S&P closed back in correction territory, down more than 10 percent from its September 21 all-time high.

He believes the correction will span about two to four months, citing the end of the 90-day trade war ceasefire between the U.S. and China as an important marker.

“The sources of risk right now are really exogenous, meaning they’re hard to forecast,” Gordon said. “They’re risks obviously tied to trade restrictions and the tariff escalation.”

Trade has been Gordon’s major risk factor for U.S. stocks for much of the year. In late June on “Trading Nation,” he placed the U.S.-China tariff threat as a major economic risk in the second half of 2018. And, that issue has played a big role in the painful pullback.

“You could have full on global growth slowing as a result of a complete breakdown in the trade and tariff negotiations,” he said, even though it’s not his base case.

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