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Clarence Thomas backs Trump's call for changing defamation law to ease suits against media

Justice Clarence Thomas, in a concurring opinion released Tuesday, called for reversing decades of jurisprudence that has made it harder for public figures to sue media outlets and other organizations for defamation -- restrictions that were premised, he said, on a series of "policy-driven decisions masquerading as constitutional law."

Thomas' opinion comes against the backdrop of President Trump's repeated calls to make it easier to sue for defamation. Last weekend, Trump reacted to a "Saturday Night Live" skit about his southern-border emergency declaration by asking on Twitter, "How do the Networks get away with these total Republican hit jobs without retribution? Likewise for many other shows? Very unfair and should be looked into."

And last December, Trump wrote on Twitter: "Isn’t it a shame that someone can write an article or book, totally make up stories and form a picture of a person that is literally the exact opposite of the fact, and get away with it without retribution or cost. Don’t know why Washington politicians don’t change libel laws?"

Trump has sought elimination of the high "actual malice" standard that politicians must meet in order to prove they have been defamed by media organizations and other entities. In his opinion, Thomas argued at length that Trump's burden in such cases is indeed unfair.

Ordinarily, to prove defamation has occurred, a private individual only has to to show that a defendant negligently failed to exercise reasonable care in spreading a provable falsehood that has harmed his reputation. But in 1964, the Supreme Court ruled in New York Times Co. v. Sullivan that public officials must meet a higher "actual malice" burden. This means they must prove that the defendant spread a falsehood either intentionally or with reckless disregard for the truth.

The high court's ruling, which came amid a surge of politically motivated lawsuits by Southern political officials, unilaterally struck down the common law on defamation that was employed by each of the states and inherited from Britain.

"The common law of libel at the time the First and 14th Amendments were ratified did not require public figures to satisfy any kind of heightened liability standard as a condition of recovering damages," Thomas wrote.

In finding a constitutional basis for its ruling superseding that common law, the Sullivan court relied heavily on opposition by the founding fathers, including James Madison, to the Sedition Act of 1798, which would have prohibited any "false" or "scandalous" writings against government officers.

Alec Baldwin as Donald Trump on "Saturday Night Live." Trump has suggested liberal media portrayals of him constitute defamation and contain falsehoods.

Alec Baldwin as Donald Trump on "Saturday Night Live." Trump has suggested liberal media portrayals of him constitute defamation and contain falsehoods. (YouTube)

According to Thomas, though, the fact that the framers opposed criminal punishment for criticisms of public officials did not necessarily mean they opposed providing an accessible civil defamation remedy for those politicians. In fact, Thomas said, the founders consistently opposed using federal law to override state common law, which controlled defamation actions at the time.

TRUMP: OUR LIBEL LAWS ARE A 'SHAM'

"Far from increasing a public figure’s burden in a defamation action, the common law deemed libels against public figures to be, if anything, more serious and injurious than ordinary libels," Thomas wrote. "Libel of a public official was deemed an offense 'most dangerous to the people, and deserv[ing of] punishment, because the people may be deceived and reject the best citizens to their great injury, and it may be to the loss of their liberties.'"

Thomas added: "Madison seemed to contemplate that 'those who administer [the federal government]' retain “a remedy, for their injured reputations, under the same laws, and in the same tribunals, which protect their lives, their liberties, and their properties. ... In short, there appears to be little historical evidence suggesting that The New York Times actual-malice rule flows from the original understanding of the First or 14th Amendment."

In the absence of a compelling constitutional basis to override common law, Thomas said, the Supreme Court had no business getting involved in state-level defamation law in the first place.

Thomas' opinion came in an unrelated case in which the high court rejected an appeal from actress Kathrine McKee, who said comic icon Bill Cosby raped her in 1974. McKee sued Cosby for damaging her reputation after a lawyer for the comedian allegedly leaked a letter attacking McKee. Two lower courts ruled against her and dismissed the case, based largely on McKee's role as a public figure.

No other justice joined Thomas' opinion on Tuesday, and it appeared unlikely that the Supreme Court would agree to hear a challenge to the case.

But Thomas' opinion may have been an effort to signal to other groups to bring a lawsuit based on Sullivan, amid an increasingly changed media landscape in which information travels more quickly than ever, legal experts said. One of the key rationales for setting a higher bar for public officials to sue for defamation relates to their perceived ability to quickly quash misinformation on their own -- an ability that some observers say is fading in the age of blogs and around-the-clock news coverage.

Thomas is not the only prominent conservative justice to voice disdain for the Sullivan decision. The late Justice Antonin Scalia publicly railed against the court's ruling in that case, saying it was abhorrent and constitutionally baseless.

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Thomas has issued striking opinions in other cases that seemingly also served as signals. In support of Trump's reinstated travel ban, Thomas wrote that nationwide injunctions issued by individual federal judges “take a toll on the federal court system — preventing legal questions from percolating through the federal courts, encouraging forum shopping, and making every case a national emergency for the courts and for the executive branch.”

In Tuesday's opinion, Thomas suggested federal judges should similarly butt out of defamation cases.

Fox News' Bill Mears and The Associated Press contributed to this report.

Source: Fox News Politics

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Trump discussed Iran, human rights with Saudi crown prince: White House

FILE PHOTO: U.S. President Donald Trump reaches out to shake hands with Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office at the White House in Washington
FILE PHOTO: U.S. President Donald Trump reaches out to shake hands with Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office at the White House in Washington, U.S. March 20, 2018. REUTERS/Jonathan Ernst/File Photo

April 9, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump spoke with Saudi Arabia’s crown prince, Mohammed bin Salman, on the phone on Tuesday about Iran and “the importance of human rights issues,” the White House said.

A bipartisan chorus of U.S. lawmakers have called on the White House to harden its stance with ally Saudi Arabia after the murder of journalist Jamal Khashoggi, but Trump has said its partnership with the Gulf country is important for the U.S. economy and maintaining stability in the Middle East.

(Reporting by Makini Brice)

Source: OANN

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Democratic presidential candidates push Medicare-for-all ahead of 2020

As more Democrats enter the 2020 presidential race, many of the candidates are embracing a progressive issue they think will get them votes: universal healthcare.

“If you look at national polls and you ask people the most important issue that you think faces us in this country, No. 1 is healthcare,” said Steffen Schmidt, a political science professor at Iowa State University.

The issue is controversial and voters seem split on whether they support it. A recent Fox News poll shows that among registered voters 47 percent favor a national health insurance program.

Still, some candidates are rallying behind Medicare-for-all and even making it a central theme of their campaign.

“I will always support the philosophy of Medicare for all,” Sen. Sherrod Brown of Ohio told a crowd of voters in Dubuque, Iowa recently. “One of the first things I’d do if I am the president is pass Medicare at 55 or 50.”

At least eight out of 11 of the declared candidates support Medicare for all.

HOW MUCH WOULD 'MEDICARE FOR ALL" COST? DEMOCRATS' HEALTH CARE PLAN EXPLAINED

"I think that Americans deserve universal healthcare. I think citizens of most developing countries already enjoy this and I think it's crazy to suggest that Americans shouldn't be able to enjoy that same right," said South Bend, Indiana Mayor Pete Buttigieg

More than 50 million people across the country are enrolled in Medicare, which provides health care for older Americans and persons with disabilities, costing an estimated $700 billion, according to data from Statista.

A George Mason University study puts the cost of ‘Medicare-for-all’ at more than $32 trillion over the course of the next decade. The anticipated cost is part of the reason why GOP leaders are against the idea.

Republicans said by embracing such a controversial topic, Democrats will hurt themselves.

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“If Democrats want to force their incumbents in suburban districts to campaign for re-election on rationed care, abolishing people’s existing employer-provided health benefits in exchange for less medical coverage, reduced medical freedom and significant tax increases, we are happy to let them do so," said Wes Enos, chairman of the Polk County Republicans. "It will present a very clear contrast with the Republican message of lower taxes, job creation, economic prosperity and greater medical freedom.”

Not all Democrats running for president in the next election cycle agree with Medicare-for-all. Sen. Amy Klobuchar, D-Minn., believes in creating more options for consumers.

"What we would like to do is expand to have more options for people and I think that will bring prices down," she said. "And one way to do it is to expand Medicaid or Medicare."

BEWARE: MEDICARE-FOR-ALL IS FOOL'S GOLD

In key early states like Iowa, healthcare is a big issue for some voters.

“That’s one of my biggest interests this election,” Tiffanie Hodges said at a campaigning event for Cory Booker in Des Moines, Iowa early February. “I think it’s really important.”

It’s unclear whether the issue will help or hurt the candidates.

"Medicare works fairly well," Schmidt said. "We just have to make sure that we don't allow the expenses of it to get greater than the income that's flowing in."

Source: Fox News Politics

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North Carolina mom charged for having meth near baby bottle

Sheriff's deputies in North Carolina have filed multiple charges against the mother of a 21-month-old child after saying they found methamphetamine near a baby bottle.

The Winston-Salem Journal reports the Alamance County Sheriff's Office says its deputies were trying to serve a warrant at a home on Sunday when 27-year-old Kyle Elizabeth Hollingsworth allowed deputies inside to search for her live-in boyfriend. While searching, deputies found a bottle containing meth less than a foot (0.3 meter) from a half-full baby bottle.

Hollingsworth admitted that her child was drinking from the bottle in the same bed prior to the deputies' arrival. She was arrested on several charges, including felony possession of methamphetamine and misdemeanor child abuse.

Hollingsworth is jailed on a $25,000 bond and was scheduled to appear in court Monday.

___

Information from: Winston-Salem Journal, http://www.journalnow.com

Source: Fox News National

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U.S. imposes travel restrictions on DR Congo officials for vote abuses

Corneille Nangaa, President of Congo's National Independent Electoral Commission (CENI), speaks during a press conference announcing the results of the presidential election in Kinshasa
FILE PHOTO: Corneille Nangaa, President of Congo's National Independent Electoral Commission (CENI), speaks during a press conference announcing the results of the presidential election in Kinshasa, Democratic Republic of Congo, January 10, 2019. REUTERS/Jackson Njehia

February 22, 2019

WASHINGTON (Reuters) – The U.S. State Department on Friday imposed travel restrictions against five top officials from the Democratic Republic of Congo, including the heads of the country’s electoral commission and constitutional court, accusing them of corruption during recent presidential elections.

The surprise move comes a month after the United States welcomed the constitutional court’s ruling that opposition leader Felix Tshisekedi won the presidential election, and declared that Washington was willing to work with the new government.

“These individuals enriched themselves through corruption, or directed or oversaw violence against people exercising their rights of peaceful assembly and freedom of expression,” the State Department said in a statement.

“They operated with impunity at the expense of the Congolese people and showed a blatant disregard for democratic principles and human rights.”

The U.S. travel ban affects Corneille Nangaa, president of the country’s election commission CENI; his deputy Norbert Basengezi Katintima and advisor Marcellin Mukolo Basengezi; Aubin Minaku Ndjalandjoko, president of DRC’s National Assembly; and Benoit Lwamba Bindu, head of the constitutional court. 

The move also bans travel by their families to the United States.

Tshisekedi’s victory as marred by accusations that he struck a backroom deal with former President Joseph Kabila in Congo’s first transfer of power via an election in 59 years of independence.

(Reporting by Lesley Wroughton; Editing by Bill Trott and Richard Chang)

Source: OANN

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Pakistan call for peace with India as it shows off its military might

Women from armed forces march in the Pakistan Day military parade in Islamabad
Women from armed forces march in the Pakistan Day military parade in Islamabad, Pakistan, March 23, 2018. REUTERS/Caren Firouz

March 23, 2019

By Saad Sayeed

ISLAMABAD (Reuters) – Pakistan wants peace with India and they should focus on health and education, the Pakistani president said on Saturday during a parade to show off its military might following a tense standoff between the nuclear-armed neighbors.

Conflict between the rivals erupted last month following a suicide bomb attack claimed by a Pakistan-based militant group in the Indian party of the disputed and divided Kashmir region that killed 40 paramilitary police.

“We do not believe in war and want to solve problems through dialogue,” President Arif Alvi said in his Pakistani Republic Day speech.

“Instead of war we should focus on education and health.”

Pakistani warplanes engaged in a dogfight with Indian aircraft over Kashmir on Feb. 27, a day after a raid by Indian jets on what it said was a militant camp in Pakistan.

In their first such clash since their last war, in 1971, Pakistan downed an Indian plane and captured its pilot after he ejected over Pakistan-controlled Kashmir.

The pilot was later released by Pakistan as a peace gesture.

The president, who largely holds ceremonial duties, said India had blamed Pakistan for the suicide-bomb attack without evidence, which he said was irresponsible.

Saturday’s military parade included an air show featuring the Pakistani-built JF-17 fighter jet. One of the aircraft shot down the Indian plane last month.

“Today’s parade is sending the message that we are a peaceful people but we will never be oblivious of our defense,” Alvi said.

The parade was attended by Malaysian Prime Minister Mahathir Mohamad, who was invited to attend as the chief guest, and Pakistani Prime Minister Imran Khan.

Khan said on Twitter earlier that he had received a message from Indian Prime Minister Narendra Modi with his best wishes for Republic Day and calling for peace and regional cooperation.

“I welcome PM Modi’s message to our people,” Khan said.

“I believe it’s time to begin a comprehensive dialogue with India to address and resolve all issues.The dispute over the former princely state of Kashmir sparked the first two of three wars between India and Pakistan after independence in 1947. They fought the second in 1965, and a third, largely over what become Bangladesh, in 1971.

(Reporting by Saad Sayeed; Editing by Robert Birsel)

Source: OANN

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Valerie Plame, outed CIA agent and Trump critic, plans US Senate run in New Mexico: report

Valerie Plame, the former CIA operative who was at the center of an intelligence leak when her identity was publically revealed during the George W. Bush administration, plans to run for a U.S. Senate seat in New Mexico as a Democrat, according to reports.

Plame told the Washington Examiner on Friday that she would "like another opportunity to serve my country." Her disclosure follows the announcement Monday by U.S. Sen. Tom Udall, D-N.M., that he will not seek re-election.

Plame, 55, has a been vocal critic of President Trump, at one point raising nearly $90,000 on a crowdsourcing site to buy a stake in Twitter in hopes of banning the president from the social media platform. She also hosted a fundraiser for Hillary Clinton’s super PAC in 2014 and another for Clinton's presidential campaign.

FORMER CIA OPERATIVE VALERIE PLAME WILSON 'FELT HIT IN THE GUT' WHEN IDENTITY WAS REVEALED

But Plame could face a revival of the anti-Semitism allegations she faced in 2017 after retweeting an article in the Unz Review titled “America’s Jews Are Driving America’s Wars.” (The website was founded by former California GOP gubernatorial candidate Ron Unz.)

“First of all, calm down. Re-tweets don't imply endorsement,” Plame said in her initial response. “Yes, very provocative, but thoughtful. Many neocon hawks ARE Jewish." She later added: "OK folks, look, I messed up. I skimmed this piece, zeroed in on the neocon criticism, and shared it without seeing and considering the rest."

She later apologized and resigned from the board of the Ploughshares Fund, which provides grants for projects aimed at preventing the spread of nuclear weapons, according to the Examiner.

The ex-spy moved to New Mexico in 2007 after making headline following her outing during the Bush presidency. Journalist Robert Novak revealed Plame’s identity in a 2003 column that cited “two administrative officials” as sources. Plame claimed the revelation was payback from the Bush administration for an op-ed authored by her then-husband, former U.S. ambassador Joe Wilson, that questioned the intelligence used to invade Iraq.

Lewis “Scooter” Libby, former chief of staff to Vice President Dick Cheney, was convicted in 2007 of perjury, obstruction of justice and making false statements in connection with the leak. He was pardoned last year by President Trump. Plame later wrote a best-selling memoir, "Fair Game," about the ordeal that was made into a movie.

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In 2017, Plame and Wilson quietly divorced after nearly two decades of marriage, the Examiner reported.

Others contemplating bids for Udall’s seat include Rep. Ben Ray Lujan, New Mexico's Democratic Secretary of State Maggie Toulouse Oliver and freshman Democratic Rep. Deb Haaland, the news site said.

Possible Republican opponents include Mick Rich, a former Senate candidate and former New Mexico Lt. Gov John Sanchez.

Source: Fox News Politics

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

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