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Settlements for a still-possible summit in between President Trump and Kim Jong Un UNDERWAY

Negotiations for a still-possible summit between President Trump and Kim Jong Un UNDERWAY   Previously MagaFirstNews Reported that Trump called off the summit earlier this month following increasingly harsh rhetoric from North Korea. In reaction, The Treasury Department had come up with new sanctions to levy on almost three dozen targets, including Chinese and Russian entities, […]

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The Latest: Italian minister explains refusal of migrants

The Latest on the flow of migrants into Europe (all times local):

1:40 p.m.

Italy's hard-line interior minister, Matteo Salvini, has given an emotional defense of his decision last summer to refuse to allow migrants aboard an Italian coast guard ship to disembark in a Sicilian port.

Salvini spoke in the Senate ahead of a vote on whether to lift his immunity as a lawmaker to face possible kidnapping charges for refusing to admit some 177 migrants rescued at sea and transferred to the Italian coast guard ship Diciotti last August.

Salvini said his refusal to let the migrants make landfall was necessary to force Italy's European partners to accept the burdens of migrant arrivals, which had disproportionately fallen on Italy as a primary destination of for humanitarian ships rescuing migrants from smugglers' boats off Libya. Within days, European partners agreed to accept the migrants.

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12:50 p.m.

Greek police say they are investigating a possible racist motive in a violent attack by hooded men on a group of teenage Afghan asylum-seekers in the northern town of Konitsa.

A police statement Wednesday said the racist violence department is trying to identify the assailants.

The nine migrants were attacked "without provocation" by five men with clubs while playing in an open-air basketball court on Sunday, police said.

The youths, aged 14-18, live in a center for unaccompanied minors in Konitsa, some 500 kilometers (310 miles) northwest of Athens.

The police statement said two of the victims were treated overnight in a hospital after the attack, one for light injuries and the other for shock.

Greece is a major entry point for migrants seeking a better life in Europe.

Source: Fox News World

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Scottish leader to give update on independence plans

Scottish leader Nicola Sturgeon is due to outline her plans for a new referendum on independence from the U.K.

The first minister is scheduled to update the Scottish Parliament in Edinburgh Wednesday on "Brexit and Scotland's future." Her office did not say whether Sturgeon will set a date for a new vote.

Scots voted against independence by 55% to 45% in a 2014 referendum billed as a once-in-generation poll.

In 2016, the U.K. as a whole voted to leave the European Union, but Scotland voted strongly to remain.

Sturgeon, who leads the pro-independence Scottish National Party, argues that Brexit changes everything because Scotland should not be taken out of the EU against its will.

A referendum would need approval from the British government, which says the time is not right.

Source: Fox News World

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Georgia man, woman accused of robberies across 3 states

A Georgia man was shot Sunday by a man and woman who went on to rob fast-food restaurants, take two hostages during a carjacking and fire at deputies during a high-speed chase prior to their capture Monday, authorities said.

The string of crimes stretched across three states, beginning in Columbus, Georgia early Sunday and ending in Vicksburg, Mississippi, late Monday, Warren County, Mississippi, Sheriff Martin Pace told reporters Tuesday.

Sharae Dominique Threadgill, 21, of Ellerslie, Georgia, and Jalen Benton, 18, of Stone Mountain, Georgia, were captured after carjacking a mother and daughter and shooting at deputies chasing the carjacked SUV, officials said.

Pace said that one of the two hostages, forced to drive, slammed on the brakes, with both hostages jumping out.

Pace said Threadgill then took over the wheel, with Benton firing more shots. Pace said deputies shot out one of the SUV's tires and the vehicle ran out of gas, finally ending the chase.

"These are some dangerous people," Pace said. "I firmly believe the hostage driver made a lifesaving/life preserving decision when she choose to end the period where she was driving,"

A judge on Tuesday denied bail to the pair, who are jailed in Vicksburg. It's unclear if either has a lawyer. Warren County charged Benton with two counts of simple assault on a police officer, armed carjacking, two counts of kidnapping and two counts of possession of a stolen firearm. Threadgill is charged with armed carjacking, two counts of kidnapping, felony fleeing and eluding a law enforcement officer and two counts of possession of a stolen firearm. The two are likely to face numerous charges elsewhere.

Officials in Columbus, Georgia, say they believe Threadgill and Benton tried to rob 30-year-old Phillip Whitaker, who was found dead in a truck at an apartment around 2 a.m. Sunday. Columbus police believe he was shot in a failed armed robbery attempt at a separate apartment complex.

Police in Demopolis, Alabama, said Benton jumped through a drive-thru window at a Burger King with a pistol in each hand and stole two cash register drawers, with Threadgill acting as a getaway driver Monday evening. Less than an hour later, the two tried to rob a Jimmy John's sandwich shop in Meridian, more than 50 miles (80 kilometers) away, officials said. There, they again entered through the drive-thru window, but Meridian police said the suspects were foiled when a delivery driver arrived.

The two repeated the drive-thru window robbery plan at a McDonald's in Brandon, just east of Jackson, authorities said. By then, Mississippi officials were watching for the couple, and a Warren County sheriff's deputy was waiting as they traveled west on Interstate 20 toward Louisiana. The pair veered off the highway in Vicksburg, abandoning their car at a gas station as they fired at officers, officials said. They carjacked the SUV at a Sonic restaurant and sped through the narrow streets of downtown Vicksburg, police said.

Source: Fox News National

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Biden reportedly debates tapping Stacey Abrams as running mate from the start – could it backfire?

It’s the talk of the 2020 presidential campaign.

Joe Biden’s top political advisers reportedly are debating whether the former vice president should launch a White House bid by pledging to choose a running mate.

BIDEN, SANDERS, REMAIN ON TOP IN LATEST 2020 DEMOCRATIC PRIMARY POLL

And that running mate, according to a report from Axios, could be Stacey Abrams, the 2018 Democratic gubernatorial nominee in Georgia. The former minority leader in the state’s House of Representatives nearly became the nation’s first black female governor and the first Democrat to win a gubernatorial election in Georgia in two decades, but lost the election.

The new speculation comes after Biden and Abrams had a private sit-down earlier this month, according to the Atlanta Journal-Constitution.

Abrams has been weighing her own political future, which could include a 2020 Senate bid, a 2022 run for governor again, or even possibly her own White House bid. Abrams is considered a quickly rising star in the party and earlier this year gave the Democratic response to Republican President Trump’s State of the Union address.

Abrams would bring diversity to the ticket, and some of Biden’s advisers – according to Axios – feel the move would add excitement to the former vice president’s campaign. And they feel that pointing to the 45-year old Abrams as a running mate could blunt concerns over the 76-year old Biden’s age.

BIDEN HINTS AGAIN AT 2020 WHITE HOUSE RUN

Sources close to Biden have told Fox News that the former vice president is likely next month to announce his campaign, which would be his third stab at trying to win the presidency. And the past two weeks, Biden’s publicly strongly hinted that he would be running.

While the former vice president has reportedly discussed naming a running mate early, it’s not known if he’s signed off on the suggestion of coming out of the gate with a pledge to name a number two on his ticket.

“It would certainly be something unique, something different. It would send a strong message,” said Mo Elleithee, the founding executive director of Georgetown University's Institute of Politics and Public Service and a Fox News contributor.

But there are downsides as well. The strategy could be seen as a gimmick that the former vice president needs to stand out in a large Democratic 2020 field, and Biden could be seen as having “an air of inevitability.” And it could raise the question of whether Biden feels out of step with the current political climate, concerned about decades-old political positions the longtime senator from Delaware held that now are unpopular among Democrats.

“I don’t think it’s necessary. I don’t think he should feel it’s something he has to do . At the end of the day he’ll go out there and make his own case,” explained Elleithee, a senior spokesman for Hillary Clinton’s 2008 presidential campaign who later served as communications director for the Democratic National Committee.

“He may choose to name a running mate before the end of the primary season but I don’t he needs to feel compelled to do it on day one. I think that could actually detract a bit from a bigger message,” Elleithee added.

Source: Fox News Politics

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British ISIS bride is stripped of her citizenship by the government despite begging to come home

ISIS bride Shamima Begum has had her British citizenship stripped by the U.K. government after begging to be allowed home.

An official Home Office letter breaking the shock news was received by the teen's "disappointed" family earlier Tuesday.

"Please find enclosed papers that relate to a decision taken by the Home Secretary, to deprive your daughter, Shamima Begum, of her British citizenship," the letter read.

CLICK HERE FOR MORE FROM THE SUN

FILE - This Monday Feb. 23, 2015 file handout image of a three image combo of stills taken from CCTV issued by the Metropolitan Police shows Kadiza Sultana, left, Shamima Begum, center, and Amira Abase going through security at Gatwick airport, south England, before catching their flight to Turkey. Shamima Begum told The Times newspaper in a story published Thursday Feb. 14, 2019, that she wants to come back to London.

FILE - This Monday Feb. 23, 2015 file handout image of a three image combo of stills taken from CCTV issued by the Metropolitan Police shows Kadiza Sultana, left, Shamima Begum, center, and Amira Abase going through security at Gatwick airport, south England, before catching their flight to Turkey. Shamima Begum told The Times newspaper in a story published Thursday Feb. 14, 2019, that she wants to come back to London. (Metropolitan Police via AP)

"In light of the circumstances of your daughter, the notice of the Home Secretary's decision has been served of file today (19th February), and the order removing her British citizenship has subsequently been made."

TEEN WHO JOINED ISIS GIVES BIRTH IN SYRIA, SAYS PEOPLE SHOULD BE SYMPATHETIC TOWARD HER

The letter - obtained by ITV News  - went on to urge Ms Begum's family to make her aware of the decision while adding she had the right to appeal.

The schoolgirl's family have said they are “disappointed” by the Home Office's decision, according to their lawyer Tasnime Akunjee.

This story originally appeared in The Sun. For more from The Sun, click here.

Source: Fox News World

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Powerful 7.5-magnitude quake hits eastern Ecuador

The U.S. Geological Survey says a very powerful magnitude 7.5 earthquake has struck eastern Ecuador close to its border with Peru.

The USGS said Friday morning's quake was near the town of Montalvo, Ecuador, at a depth of 132 kilometers (82 miles), nearly 17 kilometers (10 miles) south of the town of Montalvo.

There were no immediate reports of casualties.

Source: Fox News World

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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