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Rafi Eitan, leader of Israeli spy mission to capture Nazi Adolph Eichmann, dies at 92

Rafi Eitan, the leader of the Israeli spy team that captured Holocaust mastermind Adolph Eichmann in a daring operation 59 years ago, died on Saturday. He was 92.

A Tel Aviv hospital announced Eitan’s death, the Times of Israel reported.

"Rafi was one of the heroes of the State of Israel's intelligence service in countless acts for Israel's security," Prime Minister Benjamin Netanyahu said, according to the Jerusalem Post. "There was no match for his wisdom, wit and endless commitment to the people of Israel and our country."

Eichman escaped Europe after World War II and was living in Argentina under an assumed name when Israeli agents got wind of his whereabouts.

Eitan's Mossad team flew in and snatched Eichmann off the street on May 11, 1960, throwing him into a car and speeding away.

1962: Adolf Eichmann stands in his glass cage, flanked by guards, in the Jerusalem courtroom where he was tried for war crimes committed during World War II. The basics of Adolf Eichmann's story are well-documented. He was commonly known as the "architect of the Holocaust" for his role in coordinating the Nazis' policy of genocide. He fled Germany only to be captured in Argentina by the Mossad, taken to Israel for trial, and hanged.

1962: Adolf Eichmann stands in his glass cage, flanked by guards, in the Jerusalem courtroom where he was tried for war crimes committed during World War II. The basics of Adolf Eichmann's story are well-documented. He was commonly known as the "architect of the Holocaust" for his role in coordinating the Nazis' policy of genocide. He fled Germany only to be captured in Argentina by the Mossad, taken to Israel for trial, and hanged. (AP)

In the vehicle, Eitan confirmed Eichmann's identity by ripping off the captured man's sleeve to check for a scar on his left arm, and pulling up his shirt to feel for a scar on his stomach, Fox News’ Leland Vittert wrote in 2011.

CRITICS SLAM UN FOR POINTING FINGERS AT ISRAEL IN NEW REPORT WHILE NOT ALSO CONDEMNING HAMAS' USE OF HUMAN SHIELDS

"The moment I have Eichmann, on my knees I am, saying to myself the song of the Jewish partisans which says at the end, ‘We are here and we shall return,’" Eitan told Vittert.

Eventually, the man admitted he was Eichmann.

With more derring-do, Eitan and his fellow commandoes spirited Eichmann out of Argentina and brought him back to Israel where he was tried, convicted and sentenced to death by hanging.

ANCIENT CLAY JAR FRAGMENT DEPICTING 'GROTESQUE' DEITY DISCOVERED IN JERUSALEM'S CITY OF DAVID

At a reunion for those involved in Eichmann’s capture and trial some years ago, Eitan recalled Eichmann's capture with a twinkle in his eye.

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“I was 51 years younger (then)," he said. "But I am able and ready to do the same thing again."

Source: Fox News World

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Devin Nunes: 8 Criminal Referrals Ready, Including 3 Targeting ‘Conspiracy’ & ‘Global Leaks’

Rep. Devin Nunes, R-Calif., announced on Sunday he is ready to send eight criminal referrals to the Justice Department next week related to the origins of the Trump-Russia investigation.

“We’re prepared this week to notify the attorney general that we’re prepared to send those referrals over and brief him if he wishes to be briefed,” Nunes said on Fox News.

The ranking member of the House Intelligence Committee has been teasing a referral for months and previously predicted its delivery by the end of last week.

However, Nunes backed away from that deadline, hinting that his team of investigators found more people, potentially up to two dozen, who could be the subject of a criminal referral.

Nunes said on “Sunday Morning Futures” that the people ensnared in his eight-person referral “may not be all of them.”

Due to the classified or sensitive nature of his eight referrals, Nunes did not disclose any names, but he did break down three categories in which they fall.

“Five of them are what I would call straight up referrals so just referrals that are, that name someone and name the specific crimes. Those crimes are lying to Congress, misleading Congress, leaking classified information,” Nunes said.

The other three, he said are more complicated, related to charges of conspiracy to lie to the Foreign Intelligence Surveillance Court.

Read more

Last week, Alex Jones predicted that the Trump administration was preparing to exact justice upon the Deep State actors who propagated the Russia collusion hoax and tried to overthrow a duly elected president in a silent coup. Watch the video below to get the full story:

And last month, Trump lawyer Rudy Giuliani warned that “criminal evidence” against the Deep Staters who perpetuated the Russia hoax would come to light within “six months.”


Senator Chris Murphy has introduced bill S.3274 to fight “propaganda and disinformation“. Robert Barnes joins Alex to break down how this is actually a tactic to continue and even amplify their censorship of Christians, conservatives, and patriots.

Source: InfoWars

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Slovak assembly picks six top judge candidates, easing blockage of top court

FILE PHOTO: Slovak Prime Minister Robert Fico after a meeting with senior officials at Bratislava castle
FILE PHOTO: Slovak Prime Minister Robert Fico after a meeting with senior officials at Bratislava castle, Slovakia, March 9, 2018. REUTERS/Radovan Stoklasa/File Photo

April 3, 2019

BRATISLAVA (Reuters) – Slovak lawmakers on Wednesday picked six candidates for vacant seats on the constitutional court in a step toward unblocking the country’s top judicial body six weeks after most of its judges stepped down.

The impasse set in after Robert Fico, head of the ruling leftist SMER party who was forced to quit as prime minister last year over protests triggered by the murder of an investigative reporter, said he wanted to become the new chief justice.

Slovakia has become the third formerly communist, central European country where high-level judicial appointments have been caught up in power politics, after governments in Poland and Hungary sparked European Union alarm over efforts to place loyalists in top court posts.

The Slovak Constitutional Court, which rules on whether legislation and legal rulings are in line with the constitution, has 13 judges, nine of whom stepped down on Feb. 16.

The court needs at least seven judges in place to rule in cases of legal challenges to election results.

One of the unsuccessful candidates of this month’s presidential election, won by liberal anti-graft lawyer Zuzana Caputova, has gone to court alleging vote fraud. The national election committee said the accusation had no basis.

President Andrej Kiska, who will be replaced in office by Caputova in mid-June, is to pick three new court appointees from among six candidates presented to him by parliament on Wednesday, this time with coalition lawmakers voting.

It was not known when the assembly would choose candidates to fill the remaining three vacancies.

All six candidates were professional judges or attorneys, not known to be aligned with any party, though they were backed only by coalition not opposition lawmakers.

Fico announced he would leave politics if he was appointed chief justice, but withdrew his candidacy after Kiska and a junior coalition partner made clear they would not back him.

That resulted in governing coalition lawmakers abstaining from a vote on replacing the outgoing judges, invalidating the ballot and leaving the Constitutional Court unable to function.

President-elect Caputova said she would not support Fico for the post either.

(Reporting by Tatiana Jancarikova; Editing by Mark Heinrich)

Source: OANN

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Golf: Jutanugarn sisters caddie in par-three competition

Sisters caddie for Kiradech Aphibarnrat of Thailand during the 2019 Masters golf tournament's par 3 contest at the Augusta National Golf Club in Augusta, Georgia, U.S.
Sisters Ariya (L) and Moriya (C) Jutanugarn caddie for Kiradech Aphibarnrat (R) of Thailand during the 2019 Masters golf tournament's par 3 contest at the Augusta National Golf Club in Augusta, Georgia, U.S., April 10, 2019. REUTERS/Mike Segar

April 10, 2019

(Reuters) – After missing the proverbial boat for the inaugural Augusta National Women’s Amateur, the Jutanugarn sisters Ariya and Moriya instead made do with a chance to caddie in the par 3 competition at the Masters on Wednesday.

They shared the bag toting duties for fellow Thai Kiradech Aphibarnrat, even teeing it up on one hole, where all three swung simultaneously.

Ariya and Moriya turned professional in 2012, seven years before women finally got a chance to stride Augusta National’s famous fairways in competition, albeit sans professionals.

“We want to play it,” said world number three Ariya of the course as she and Moriya stood in their white caddie overalls outside the clubhouse on a warm and cloudless afternoon.

A visit last year allowed Ariya to admire the beauty of Augusta.

“Last year when I walked with Kiradech all 18 (holes) twice, I thought this course is amazing,” she said.

“I thought one time in my life I would really like to play here. I’m really jealous.”

Ariya and Moriya have earned between them $11 in career prize-money on the LPGA Tour.

But that does not stop them from wishing they had enjoyed a chance to compete at Augusta National.

“We don’t have that chance when it is our time,” said Moriya, before adding “hopefully one day.”

(Reporting by Andrew Both; Editing by Christian Radnedge)

Source: OANN

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Attorney slams Engler for attending game amid Nassar probe

John Engler's front-row interest in Michigan State University basketball has led to a war of words over the former school president's availability to speak to investigators about the Larry Nassar scandal .

Things have become so nasty that Engler's attorney has advised him not to cooperate if state Assistant Attorney General Christina Grossi remains on the case.

The attorney general's office wants to talk to Engler about campus changes after the sexual-assault scandal involving Nassar, a sports doctor, an interview that could take less than an hour. Engler was interim president for about a year until Jan. 17.

Grossi said Engler was scheduled to be interviewed March 28 in Washington, where he works, because he didn't plan to be in Michigan earlier. But she suddenly scratched that date this week. Grossi was upset to learn that the former Michigan governor was in a courtside seat at a MSU basketball game on March 9.

She suggested Engler could have carved out time to meet in Michigan long before March 28.

"Your client's brazen disregard for this investigation and his willingness to lie about his whereabouts is not only appalling but does a terrible disservice to the university," Grossi told attorney Seth Waxman in an email Tuesday.

"As an alumna of Michigan State, I'm embarrassed that our university's former president can make time to attend basketball games but not to sit to discuss the largest sexual assault scandal in the history of higher education," Grossi wrote.

In response, Waxman said he never indicated that Engler was unwilling to travel to Michigan. The lawyer said he was unavailable during the week of March 4, not Engler.

Waxman told Grossi that he's advising Engler to decline to speak to investigators unless she is dropped from the Nassar investigation. He accused her of "unfounded attacks" and said her "biases and prejudices" are unethical.

"The fact that the underlying conduct involved unspeakable harms," Waxman said of Nassar's assaults, "does not give the attorney general's office and its agents the right to attack, manipulate and deceive innocent people, including Mr. Engler."

Separately, Attorney General Dana Nessel asked the head of MSU's governing board to demand that Engler cooperate, under terms of his contract. She also wants the university to release more than 6,000 documents related to Nassar.

___

Follow Ed White at http://twitter.com/edwhiteap

Source: Fox News National

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EU tightens rules on London-based investment firms

People walk through the Canary Wharf financial district of London
People walk through the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson

February 27, 2019

BRUSSELS (Reuters) – European Union governments and lawmakers have reached a deal on tighter supervision of investment firms that offer “bank-like” services, including proprietary trading and underwriting of financial instruments.

The deal, reached late on Tuesday and which confirms an agreement in January by EU states, will boost the European Commission’s powers in overseeing foreign financial firms operating in the EU, giving Brussels more clout over London-based financial firms after Britain leaves the EU.

The overhaul also imposes stricter liquidity and capital requirements to large EU investment firms, tightening an initial proposal put forward by the European Commission in December 2017.

“The agreement further strengthens the equivalence regime that would apply to third country investment firms,” the EU said in a statement, adding more powers would be given to the Commission to assess whether foreign rules are compatible with EU regulations.

More than half of the 6,000 European investment firms, including U.S. giants Goldman Sachs and JPMorgan, have their EU headquarters in Britain, although many have started setting up continental subsidiaries to ensure they can continue to serve clients after Brexit.

Under the new rules, that require a final rubber stamp by the European Parliament and the EU Council, the Commission would assess whether foreign investment firms operate as banks. In that case they would be subject to stricter conditions, especially if they are deemed “of systemic importance”.

The agreement “levels the playing field between the largest investment firms and the largest banks; they will follow the same rules,” the Commission’s vice-president in charge of investment and growth, Jyrki Katainen, said in a statement.

Under the reform, EU legislators also agreed to halve a threshold for the automatic application of the strictest capital and liquidity rules for EU-based firms, which the Commission had initially proposed would only apply to financial companies with assets above 30 billion euros.

As a result, investment firms with assets of 15 billion euros ($17 billion) or more would automatically be subject to the same requirements as large banks, while firms with assets between 5 and 15 billion euros could face lighter requirements unless their activities are seen to pose risks to financial stability, an EU statement said.

Other smaller firms would face a lighter prudential regime.

(Reporting by Francesco Guarascio; Editing by Janet Lawrence)

Source: OANN

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Shell exits Gazprom-led LNG project in Russia

File photo of passenger plane flies over a Shell logo at a petrol station in west London
FILE PHOTO: A passenger plane flies over a Shell logo at a petrol station in west London, in this January 29, 2015 file photo. REUTERS/Toby Melville/Files

April 10, 2019

By Vladimir Soldatkin and Shadia Nasralla

ST PETERSBURG/LONDON, Russia (Reuters) – Royal Dutch Shell has decided to exit a Baltic liquefied natural gas (LNG) project led by Russian state gas major Gazprom on the Russian Baltic coast.

The development comes as Western firms struggle to expand in Russia because of pressure from sanctions imposed by the United States, while for Gazprom it could mean limited access to Shell’s technology as well as the need to fund the project without the help of the Anglo-Dutch major.

Shell, which has a long history of energy cooperation with Russia, said earlier it was studying the possible implications of a recent decision by Gazprom to move toward the full integration of its Baltic LNG and gas processing plants.

“Following Gazprom’s announcement on March 29 regarding the final development concept of Baltic LNG, we have decided to stop our involvement in this project,” Cederic Cremers, Shell Russia’s chairman, said in a statement.

“We have a number of other ongoing projects with Gazprom, including as part of the Strategic Alliance established between the two companies in 2015, which are not impacted by this decision,” Cremers added.

Gazprom declined to comment.

Shell remains a shareholder in the Gazprom-led Sakhalin-2 plant, which produces LNG on the Russian Pacific island of Sakhalin. Shell has been struggling to increase output of the frozen gas at the project for a number of reasons.

Its decision to leave the Baltic LNG project leaves open a question about the availability of technology needed for this project as Shell will not be providing it.

Shell had developed a technology specifically for the Sakhalin Energy LNG plant, and in February said it had created a 50/50 venture with Gazprom that would use Shell’s LNG know-how to develop Russia’s own technology for supercooling gas.

KEY TECHNOLOGY

The venture was expected to effectively insulate Russia from any new U.S. sanctions on LNG, a sector in which key technology belongs to a handful of players – mainly global majors such as Shell, Exxon and Total.

Russia, one of the world’s biggest oil producers, has been under Western sanctions since 2014 due to its role in the Ukraine crisis.

While the production of seaborne LNG is not directly affected by the sanctions, the sales and marketing of it, as well as foreign participation, have become more complicated due to the restrictions.

Shell previously suspended some shale oil and gas projects due to the introduction of sanctions on Moscow.

On March 29, Gazprom said in a statement that together with its partner RusGazDobycha it had made a decision on the final configuration of the project for a large-scale complex that would process ethane-containing gas and produce LNG in the Leningrad region. That statement did not mention Shell.

Shell said on Wednesday that its representations and those of Gazprom had not discussed the Baltic LNG project at their meetings in the Hague on Tuesday and Wednesday. These were their regular annual meetings to discuss progress on projects which are part of the strategic alliance, Shell added.

(Reporting by Vladimir Soldatkin and Shadia Nasralla; Writing by Tom Balmforth and Polina Devitt; Editing by Kirsten Donovan and David Holmes)

Source: OANN

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FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, days after a string of suicide bomb attacks on Easter Sunday, in Colombo
FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, five days after a string of suicide bomb attacks on Catholic churches and luxury hotels across the island on Easter Sunday, in Colombo, Sri Lanka April 26, 2019. REUTERS/Dinuka Liyanawatte/File Photo

April 26, 2019

By Tom Lasseter and Shri Navaratnam

KATTANKUDY, Sri Lanka (Reuters) – Mohamed Hashim Mohamed Zahran was 12 years old when he began his studies at the Jamiathul Falah Arabic College. He was a nobody, with no claim to scholarship other than ambition.

Zahran and his four brothers and sisters squeezed into a two-room house with their parents in a small seaside town in eastern Sri Lanka; their father was a poor man who sold packets of food on the street and had a reputation for being a petty thief.

“His father didn’t do much,” recalled the school’s vice principal, S.M. Aliyar, laughing out loud.

The boy surprised the school with his sharp mind. For three years, Zahran practiced memorizing the Koran. Next came his studies in Islamic law. But the more he learned, the more Zahran argued that his teachers were too liberal in their reading of the holy book.

“He was against our teaching and the way we interpreted the Koran – he wanted his radical Islam,” said Aliyar. “So we kicked him out.”

Aliyar, now 73 with a long white beard, remembers the day Zahran left in 2005. “His father came and asked, ‘Where can he go?’.”

The school would hear again of Mohamed Zahran. And the world now knows his name. The Sri Lankan government has identified him as the ringleader of a group that carried out a series of Easter Sunday suicide bombings in the country on April 21.

The blasts killed more than 250 people in churches and luxury hotels, one of the deadliest-ever such attacks in South Asia. There were nine suicide bombers who blew apart men, women and children as they sat to pray or ate breakfast.

Most of the attackers were well-educated and from wealthy families, with some having been abroad to study, according to Sri Lankan officials.

That description does not, however, fit their alleged leader, a man said to be in his early 30s, who authorities say died in the slaughter. Zahran was different.

INTELLIGENCE FAILINGS

Sri Lanka’s national leadership has come under heavy criticism for failing to heed warnings from Indian intelligence services – at least three in April alone – that an attack was pending. But Zahran’s path from provincial troublemaker to alleged jihadist mastermind was marked by years of missed or ignored signals that the man with a thick beard and paunch was dangerous.

His increasingly militant brand of Islam was allowed to grow inside a marginalized minority community – barely 10 percent of the country’s roughly 20 million people are Muslim – against a backdrop of a dysfunctional developing nation.

The top official at the nation’s defense ministry resigned on Thursday, saying that some institutions under his charge had failed.

For much of his adult life, Zahran, 33, courted controversy inside the Muslim community itself.

In the internet age, that problem did not stay local. Zahran released online videos calling for jihad and threatening bloodshed.

After the blasts, Islamic State claimed credit and posted a video of Zahran, clutching an assault rifle, standing before the group’s black flag and pledging allegiance to its leader.

The precise relationship between Zahran and Islamic State is not yet known. An official with India’s security services, who spoke on condition of anonymity, said that during a raid on a suspected Islamic State cell by the National Investigation Agency earlier this year officers found copies of Zahran’s videos. The operation was in the state of Tamil Nadu, just across a thin strait of ocean from Sri Lanka.

“LIKE A SPOILED CHILD”

Back in 2005, Zahran was looking to make his way in the world. His hometown of Kattankudy is some seven hours’ drive from Colombo on the other side of the island nation, past the countless palm trees, roadside Buddha statues, cashew hawkers and an occasional lumbering elephant in the bush. It is a town of about 40,000 people, a dot on the eastern coast with no clear future for an impoverished young man who’d just been expelled.

Zahran joined a mosque in 2006, the Dharul Athar, and gained a place on its management committee. But within three years they’d had a falling out.

“He wanted to speak more independently, without taking advice from elders,” said the mosque’s imam, or spiritual leader, M.T.M. Fawaz.

Also, the young man was more conservative, Fawaz said, objecting, for instance, to women wearing bangles or earrings.

“The rest of us come together as community leaders but Zahran wanted to speak for himself,” said Fawaz, a man with broad shoulders lounging with a group of friends in a back office of the mosque after evening prayers. “He was a black sheep who broke free.”

Mohamed Yusuf Mohamed Thaufeek, a friend who met Zahran at school and later became an adherent of his, said the problems revolved around Zahran’s habit of misquoting Islamic scriptures.

The mosque’s committee banned him from preaching for three months in 2009. Zahran stormed off.

“We treated him like a spoiled child, a very narrow-minded person who was always causing some trouble,” said the head of the committee, Mohamed Ismail Mohamed Naushad, a timber supplier who shook his head at the memory.

Now on his own, Zahran began to collect a group of followers who met in what Fawaz described as “a hut”.

At about that time, Zahran, then 23, married a young girl from a small town outside the capital of Colombo and brought his bride back to Kattankudy, according to his sister, Mathaniya.

“I didn’t have much of a connection with her – she was 14,” she said.

Despite being “a bit rough-edged”, Zahran was a skilled speaker and others his age were drawn to his speeches and Koranic lessons, said Thaufeek. He traveled the countryside at times, giving his version of religious instruction as he went.

Also, Zahran had found a popular target: the town’s Sufi population, who practice a form of Islam often described a mystical, but which to conservatives is heresy.

Tensions in the area went back some years. In 2004, there was a grenade attack on a Sufi mosque and in 2006 several homes of Sufis were set afire. Announcements boomed from surrounding mosques at the time calling for a Sufi spiritual leader to be killed, said Sahlan Khalil Rahman, secretary of a trust that oversees a group of Sufi mosques.

He blamed followers of the fundamentalist Wahhabi strain of Islam that some locals say became more popular after funding from Saudi Arabia, the birthplace of Wahhabism, flowed to mosques in Kattankudy.

It was, Rahman said, an effort “to convert Sufis into Wahhabis through this terrorism”. Rahman handed over a photograph album showing charred homes, bullet holes sprayed across an office wall and a shrine’s casket upended.

ONLINE RADICAL

It was an ideal backdrop for Zahran’s bellicose delivery and apparent sense of religious destiny.

He began holding rallies, bellowing insults through loudspeakers that reverberated inside the Sufis’ house of worship as they tried to pray.

In 2012, Zahran started a mosque of his own. The Sufis were alarmed and, Rahman said, passed on complaints to both local law enforcement and eventually national government offices. No action was taken.

The then-officer in charge of Kattankudy police, Ariyabandhu Wedagedara, said in a telephone interview that he couldn’t arrest people simply because of theological differences.

     “The problem at the time was between followers of different Islamic sects – Zahran was not a major troublemaker, but he and followers of other sects, including the Sufis, were at loggerheads,” Wedagedara said.

Zahran found another megaphone: the internet. His Facebook page was taken down after the bombings, but Muslims in the area said his video clips had previously achieved notoriety.

His speeches went from denouncing Sufis to “kafirs”, or non-believers, in general. Zahran’s sister, Mathaniya, said in an interview that she thought “his ideas became more radical from listening to Islamic State views on the Internet”.

In one undated video, Zahran, in a white tunic and standing in front of an image of flames, boomed in a loud voice: “You will not have time to pick up the remains of blown-up bodies. We’ll keep sending those insulting Allah to hell.”

“HARD TO TAKE”

Zahran spoke in Tamil, making his words available to young Muslims clicking on their cellphones in Kattankudy and other towns like it during a period when, in both 2014 and 2018, reports and images spread of Sinhalese Buddhists rioting against Muslims in Sri Lanka.

In 2017, Zahran’s confrontations boiled over. At a rally near a Sufi community, his followers came wielding swords. At least one man was hacked and hospitalized. The police arrested several people connected to Zahran, including his father and one of his brothers. Zahran slipped away from public view.

That December, the mosque Zahran founded released a public notice disowning him. Thaufeek, his friend from school, is now the head. He counted the places that Zahran had been driven away from – his school, the Dharul Athar mosque and then, “we ourselves kicked him out, which would have been hard for him to take”.

The next year, a group of Buddha statues was vandalized in the town of Mawanella, about five hours drive from Kattankudy. There, in the lush mountains of Sri Lanka’s interior, Zahran had taken up temporary residence.

“He was preaching to kill people,” said A.G.M. Anees, who has served as an imam at a small mosque in the area for a decade. “This is not Islam, this is violence.”

Zahran went into hiding once more.

On the Thursday morning before the Easter Sunday bombings, Zahran’s sister-in-law knocked on the door of a neighbor who did seamstress work near Kattankudy. She handed over a parcel of fabric and asked for it to be sewn into a tunic by the end of the day.

“She said she was going on a family trip,” said the neighbor, M.H. Sithi Nazlya.

Zahran’s sister says that her parents turned off their cellphones on the Friday. On Sunday, when she visited their home, they were gone.

She does not know if Zahran arranged for them to be taken somewhere safe. Or why he would have carried out the bombing.

But now in Kattankudy, and in many other places, people are talking about Mohamed Hashim Mohamed Zahran.

(Reporting by Tom Lasseter and Shri Navaratnam; Additional reporting by Sanjeev Miglani, Shihar Aneez and Alasdair Pal; Editing by John Chalmers and Alex Richardson)

Source: OANN

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A Wells Fargo logo is seen in New York City
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

April 26, 2019

By Jessica DiNapoli and Imani Moise

NEW YORK (Reuters) – Wells Fargo & Co’s board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said.

Wells Fargo’s ambition to become the only major U.S. bank with a female CEO underscores the need to restore its image with a wide range of constituents, including customers, shareholders, regulators and politicians, after it became mired in a scandal in 2016 for opening potentially millions of unauthorized accounts.

Former CEO Tim Sloan left abruptly last month, becoming the second CEO to leave the bank in the scandal’s fallout.

The board plans to approach Citigroup Inc’s Latin America chief Jane Fraser, one of the sources said. During Fraser’s 15-year tenure at Citigroup, she has gained experience running consumer and commercial businesses as well as its private bank.

Fraser could not be immediately reached for comment.

The board also discussed approaching JPMorgan Chase & Co’s Marianne Lake, but after the bank named her to run JPMorgan’s consumer lending business last week, that option became less viable, the source added. The board wants someone who can convince regulators, employees, investors and customers that the bank has fixed problems underpinning the sales scandal, the sources said.

The bank’s board feels that choosing a woman might please lawmakers in Washington who have been critical not only of Wells Fargo’s misbehavior, but of the broader banking industry for a lack of diversity and gender equality, said the sources, who spoke on the condition of anonymity.

It also believes that such a move could bolster Wells Fargo’s image with the households of customers where women play a leading role in managing finances, one of the sources added.

The new CEO will also have to resolve litigation and regulatory matters. There are 14 outstanding consent orders with government entities, as well as probes by the U.S. Securities and Exchange Commission, the Department of Labor and the Department of Justice.

To be sure, Spencer Stuart will approach and consider several male candidates for the CEO job as well, one of the sources said. The top priority is to find an external candidate who can navigate the bank’s regulatory issues, the source added.

Finding an outsider who meets all those qualifications and wants the job will be difficult, the sources said. There are few people with the necessary experience, even fewer of those who are women, and it is not clear if any of the obvious candidates would be open to taking the role.

The sources asked not to be identified because Wells Fargo’s board deliberations are confidential.

Spokespeople for Wells Fargo and Spencer Stuart declined to comment.

Wells Fargo’s board has not made any public statements about its requirements for a new CEO, beyond Chair Betsy Duke saying the job should attract the “top talent in banking.”

The board wants to complete the search within the next three to six months, one of the sources said.

STALLED SHARES

After Sloan’s ouster, Wells Fargo’s board appointed Allen Parker, who had been general counsel, as interim CEO. The board has said it is looking for an external candidate as a permanent replacement. It is not clear whether Parker will stay at the bank.

Others whose names have been mentioned by analysts, recruiters and industry sources as perspective CEO candidates include Alphabet Inc finance chief Ruth Porat and Bank of America Corp’s chief technology officer Cathy Bessant.

Wells Fargo shares have stalled since Sloan’s departure on March 29th, while the KBW Bank index has rallied more than 7 percent.

Wells Fargo would be “the best stock on earth to buy” if it had the right CEO, said Greg Donaldson, chairman of Donaldson Capital Management in Indiana.

Donaldson held about 50,000 Wells Fargo shares, but sold the stake last year as problems mounted. The CEO change could convince him to re-invest, depending on who it is, he told Reuters.

“It would be very smart for them to get a woman,” he said.

(Reporting by Jessica DiNapoli and Imani Moise in New York; Editing by Lauren Tara LaCapra, Greg Roumeliotis and Susan Thomas)

Source: OANN

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

Source: OANN

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