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US durable goods orders up solid 2.7% in March

Orders to U.S. factories for big-ticket manufactured goods rose 2.7% in March with a key category that tracks business investment decisions rising at the strongest pace in eight months.

The Commerce Department says the increase in orders for durable goods followed a 1.1% drop in orders in February. Both months were influenced by a swing in demand for commercial aircraft, which had fallen sharply in February and rebounded in March.

The closely watched category that serves as a proxy for business investment saw a 1.3% rise in orders in March, the best showing since a 1.5% increase last July.

Economists are hoping that manufacturing, which has been battered by global weakness and trade tensions, will begin showing strength in coming months which will provide support for the overall economy.

Source: Fox News National

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China backs Tanzania prison sentence for 'ivory queen'

China says it backs Tanzania's sentencing of a Chinese woman labeled the "ivory queen" to 15 years in jail for smuggling elephant tusks.

Foreign ministry spokesman Geng Shuang said Wednesday that China supports the Tanzanian authorities in conducting a "just" investigation and trial and is "ready to work with the international community to protect wildlife and curb the international trade."

Yang Fenglan was convicted of smuggling about 700 elephant tusks and her case was viewed as a major test of Africa-wide efforts to hold key trafficking figures accountable for the mass killing of elephants to supply ivory to illegal markets, including in China.

China has cracked down on smuggling and a total ban on all trade in ivory products came into effect last year.

Source: Fox News World

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Trump on Immigration: ‘We Have a System That Is Full’

President Donald Trump touted the progress of building more barrier along the United States-Mexico border during a visit to California Friday, saying it's now imperative that the U.S. stop the flow of illegal aliens because "the system is full."

Trump and Homeland Security Secretary Kirstjen Nielsen visited Calexico, California and held a public meeting with officials from the Border Patrol, Immigrations and Customs Enforcement, the military, and others.

Trump said the U.S. immigration system is beyond capacity and more wall needs to continue to be built. So far this year, more than 80 miles of barrier have been installed, with another 97 miles planned by the end of the year.

"The wall has had a tremendous impact," Trump said. "We have a system that is full. It's just full. And I was telling some of the people before, if it's full, there's nothing we can do about it."

Lt. Gen. Todd Semonite, who heads the Army Corps of Engineers, attended the meeting and said there will be around 450 miles of new border barrier put in place by the end of 2020.

Trump reiterated the point several times during the meeting, which was broadcast live, that there is an emergency at the border and something needs to be done.

"This is an absolute emergency. I see that some of our biggest opponents over the last two days have said, you know what? It is an emergency. They can't believe what is happening," Trump said. "Part of it is because of the fact that the country is doing so well. Part of it is a scam. People want to come in. They shouldn't be coming in."

Trump added later that existing immigration laws, including those around the asylum process, need to be fixed.

After calling some of the laws "horrible loopholes," Trump said, "It's bad. Whether it's catch and release or the visa lottery. So many of them. Chain migration. Total disaster. The asylum laws are broken. I inherited this stuff. We're going to get it fixed. We have to.

"I also want to state that there is indeed an emergency on our southern border. It's been loud and clear."

Trump recently threatened to close down the U.S. border with Mexico, which prompted an outcry of pushback from all sides. But he said Friday that over the last four days, Mexico has begun cooperating with its northern neighbor to help squash the flow of migrants coming through its country en route to the U.S.

"They're apprehending people by the thousands and bringing them back to their countries, bringing them back to where they came from," he said.

Source: NewsMax Politics

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Taiwan president denounces Chinese military ‘coercion’

Taiwanese President Tsai Ing-wen says Chinese attempts at what she calls military coercion only strengthen the resolve of the self-governing island republic to defend itself.

Tsai's comments Tuesday follow what the island's defense ministry called a major foray by Chinese military planes into airspace just south of the island on Monday.

That included bombers, fighter jets, and early warning and control aircraft.

Tsai told a security forum in Taipei that such actions "only serve to strengthen our resolve."

China's ruling Communist Party considers Taiwan its own territory, although it has never governed the island, which split from the mainland amid civil war in 1949.

Beijing cut ties with Tsai's government following her 2016 election and has been stepping up military threats and efforts to isolate Taipei diplomatically.

Source: Fox News World

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Google to buy data migration company Alooma in cloud push

FILE PHOTO: The exterior of Google's offices in Manhattan, New York
FILE PHOTO: The outside of the Google offices in Manhattan, New York City, New York, U.S., January 18, 2019. REUTERS/Mike Segar/File Photo

February 19, 2019

(Reuters) – Alphabet Inc’s Google said on Tuesday it will buy data migration company Alooma, as part of efforts to catch up with bigger cloud service rivals Amazon.com Inc and Microsoft Corp.

Google trails Amazon and Microsoft in the fast-growing business of helping companies move to the cloud, with Google Cloud holding 8.5 percent of worldwide cloud market share at the end of 2018, according to Canalys.

Amazon Web Services had a 31.7 percent share and Microsoft Azure 16.8 percent during the same period, the market research firm said.

Google in November hired former Oracle Corp product head Thomas Kurian as the chief executive officer of the cloud division.

Headquartered in Redwood City, California, Alooma helps enterprise companies streamline database migration in the cloud with a tool that enables moving data from multiple sources to a single data warehouse.

The company has raised about $15 million from investors including leading venture funds such as Sequoia Capital and Lightspeed, according to Crunchbase.

Google did not disclose terms of the deal.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila)

Source: OANN

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Goldman Sachs to layoff 98 bank employees in New York

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange
FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/File Photo

April 15, 2019

By Elizabeth Dilts and John McCrank

NEW YORK (Reuters) – Goldman Sachs Group Inc plans to lay off nearly 100 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Monday.

The 98 employees are being let go for “economic” reasons and their final day will be between May 29 and Sept. 28, according to a Worker Adjustment and Retraining Notification that the bank filed with the New York State Department of Labor on Feb. 19.

It was not immediately clear in what division of the bank the employees worked, but they have all been notified about the layoffs, according to a source familiar with the filing.

Goldman Sachs is known for an annual all-staff review in which the bank fires around 5 percent of employees for reasons like missing performance targets. The bank has said that this allows it to make new hires.

The bank employs around 36,000 people worldwide.

Goldman Sachs reported a 13 percent slump in first-quarter revenue earlier on Monday. Declines in trading, underwriting, investment management and investing and lending revenues all contributed to the bank missing analysts’ expectations.

(Reporting by Elizabeth Dilts; Editing by Sonya Hepinstall)

Source: OANN

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US pushes NATO allies to join observer force in Syria

President Donald Trump's decision authorizing about 200 U.S. troops to remain in northeast Syria indefinitely is a key step in creating a larger multinational observer force that can keep the peace and prevent a resurgence of the Islamic State group, administration and defense officials said Friday, as U.S. leaders press NATO allies to join.

The president also agreed to allow the Pentagon to keep about 200 troops at the al-Tanf garrison in southern Syria, where they train local forces and help root out remaining IS militants in the region.

Trump's decision endorses a plan pressed by U.S. military leaders for some time, calling for an international force of 800 to 1,500 troops that would monitor a safe zone along Syria's border with Turkey. The officials spoke on the condition of anonymity in order to provide details about a troop deployment before details are finalized.

Trump in December announced he was pulling all 2,000 U.S. troops from Syria quickly, but has gradually reversed course. He made this decision Thursday after being told European allies insisted on some U.S. forces remaining on the ground as part of the observer force.

His sudden order to pull all U.S. troops from Syria had shocked U.S. allies and angered the Kurds in Syria, who are vulnerable to attack by Turkey. It also contributed to Defense Secretary Jim Mattis's decision to resign, and drew fierce criticism in Congress. Sen. Jack Reed, a Rhode Island Democrat, called the decision a "betrayal of our Kurdish partners."

Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, has been leading discussions with allies on assembling the observer mission. He told reporters Friday he is confident they will step up and commit troops.

"I'm confident we can maintain the campaign" in Syria, Dunford said.

Asked about the decision to keep 400 U.S. troops in Syria, acting Defense Secretary Patrick Shanahan described it as "good progress." He spoke to reporters shortly before meeting with Turkish Defense Minister Hulusi Akar in the Pentagon. He said the meeting with Akar would be about "next steps."

Officials said the number of U.S. troops assigned to the safe zone could change, but that roughly 200 is an informed number. They said U.S. troops would remain in the area indefinitely to keep the U.S.'s Kurdish allies and Turkish forces from clashing, prevent forces loyal to Syrian President Bashar Assad from seizing the territory and minimize the risk of a resurgence of the Islamic State. A defense official said Turkish and Syrian opposition forces would not be allowed in the safe zone.

Turkey views Kurdish members of the Syrian Democratic Forces who have fought alongside the U.S. against the Islamic State as terrorists.

The SDF is currently involved in a standoff over the final sliver of land held by IS in eastern Syria, close to the Iraq border.

The U.S. is not seeking a United Nations mandate for the deployment and currently does not envision asking NATO to sponsor the mission, an administration official said, adding that the troops would not be "peacekeepers," a term that carries restricted rules of engagement. The current goal is to have the force stood up by the end of April.

___

AP writers Deb Riechmann and Bob Burns contributed to this report.

Source: Fox News National

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Hundreds of Cuban migrants are reported to be on the run Friday in Mexico after a crowd of more than 1,000 burst out of a troubled immigration detention center on its southern border.

Mexico’s National Immigration Institute said the mass escape Thursday in Tapachula – which the Associated Press called the largest in recent memory — involved around 1,300 Cuban migrants, although 700 of them have since returned voluntarily.

The migrants reportedly streamed out of the compound without any resistance, as the institute said its agents weren’t armed and “there was no confrontation.”

Federal police with riot shields later rushed in to control the situation, as a crowd of angry Cubans whose relatives were being held at the facility gathered outside. The Cubans claimed their relatives reported overcrowding and unsanitary conditions at the facility.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout. (AP)

BORDER PATROL UNION CHIEF BLASTS CONGRESS OVER MIGRANT CARAVANS: ‘WHAT ARE YOU DOING ABOUT IT’?

“My wife and child have been in there for 27 days in bad conditions,” said Usmoni Velazquez Vallejo, as he waited outside for news. “There is overcrowding, insufficient food and there isn’t even medicine for them.”

Another Cuban detainee told the AFP: “We have many there… we are very tight, we sleep on the floor.”

It’s the third time since October that migrants at the facility staged an uprising, according to the news agency.

The center’s holding capacity is officially listed at less than 1,000 people, but the escape of 1,300 meant it was probably at least at double its capacity, since not everyone being held there escaped. Residents in the area said that sometimes the facility has held as many as 3,000 people, and a Mexican newspaper cited by Reuters said Haitians and Central Americans also are among the large group who still have not been tracked down.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday. (AP)

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Earlier in the day, Mexico’s top human rights official toured the facility.

Elsewhere in the country, a new caravan estimated to contain up to 10,000 migrants is making its way to the U.S.-Mexico border.

The Associated Press contributed to this report.

Source: Fox News World

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Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

April 26, 2019

(Reuters) – Exxon Mobil Corp on Friday reported first-quarter profit fell sharply on lower oil and gas prices and weakness in its refining and chemicals businesses that offset modest production gains.

The largest U.S. oil producer’s first quarter earnings fell to $2.35 billion, or 55 cents a share, from $4.65 billion, or $1.09 a share, a year ago.

Analysts had expected Exxon to earn 70 cents per share, according to Refinitiv Eikon estimates.

Shares were trading down about 2.7 percent in premarket trading on Friday.

Exxon’s oil equivalent production rose 2 percent to 4 million barrels per day, up from 3.9 million bpd in the same period the year prior. The company said its output in the Permian Basin, the largest U.S. shale basin, rose 140 percent over a year ago.

(Reporting by Jennifer Hiller; Editing by Chizu Nomiyama)

Source: OANN

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The Washington Post’s media critic went into meltdown after White House Press Secretary Sarah Sanders held a mock press briefing for the children of White House journalists and employees on Take Your Daughters and Sons to Work Day.

Erik Wemple, the newspaper’s chief media critic, slammed Sanders and the White House for organizing a fun day on Thursday for junior would-be journalists, while not holding an actual press conference for the record number of days.

WHITE HOUSE STAFF TO SKIP CORRESPONDENTS’ DINNER AFTER LAST YEAR’S CONTROVERSY

Wemple wrote that Sanders gave to children an important lesson of “the centrality of nonaccountability mechanisms in the affairs of state” after she announced that the mock press briefing was “off the record.”

“When the children head home tonight, perhaps they can pull up archival footage to see how their questions stack up against ye olde press briefings,” he added.

“Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

— Erik Wemple

“Tuesday, after all, marked a record for number of days without a White House press briefing. Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

While some correspondents praised the White House for doing “a lot of work to welcome the children and provide “them an excellent experience,” other journalists echoed Wemple’s criticism and pointed out that Sanders hasn’t held a press briefing in over 40 days.

“Kids of WH Press Corps members are getting ready for a briefing with  @PressSec. Their parents have not had one in 45 days,” tweeted CBS News’ White House Correspondent Weijia Jiang.

REPORTER SHOUTS AT SARAH SANDERS AFTER BRIEFING: ‘DO YOUR JOB, SARAH!’

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time,” another correspondent quoted by the Post said.

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time.”

— a White HOuse Correspondent

The Post struck a different tune in a column earlier this year, which declared that despite the administration’s criticism of the media, President Trump was “extremely accessible.”

Wemple quoted Martha Joynt Kumar, director of the White House Transition Project, who said that Trump held 338 “short question-and-answer” sessions over his time in office, significantly more than 75 such sessions by former President Barack Obama during his first full two years in office.

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In terms of total instances of access to the media, which include interviews, short sessions, and news conferences, Trump was accessible least 577 times in his first two years in office.

Source: Fox News Politics

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