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Barclays sets aside millions to deal with Brexit uncertainty

British bank Barclays says it set aside 150 million pounds ($196 million) to deal with economic uncertainty as Britain prepares to leave the European Union.

The bank said Thursday that bad loans in its credit card and corporate lending businesses may increase amid "anticipated economic uncertainty in the U.K." Britain is scheduled to leave the EU on March 29, ending more than 40 years of free trade with the bloc.

The comments came as Barclays said recent restructuring efforts delivered "improved performance across the group" last year.

Barclays says fourth-quarter pretax profit jumped to 374 million pounds from 93 million pounds a year earlier as it cut costs and set aside less money to cover past misdeeds. The bank's net loss shrank to 76 million pounds from 1.29 billion pounds.

Source: Fox News World

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Rush: Justice Dept. Reported 25th Amendment Talks 'Silent Coup'

Rush: Justice Dept. Reported 25th Amendment Talks 'Silent Coup'

Justice Department officials’ reported discussions about using the 25th Amendment to oust President Donald Trump was “a silent coup,” radio host Rush Limbaugh said Sunday.

In a interview on “Fox News Sunday,” the conservative Trump ally railed at the explosive remarks by former FBI Deputy Director Andrew McCabe in a "60 Minutes" interview set to air Sunday.

Limbaugh said the intent of the reported discussions was clear — and that those involved ought to be jailed.

“People unelected, simply because they don't … like where he came from… decide …the American people's decision was invalid and began a systematic process to get him thrown out of office. This is a silent coup,” he said.

“These guys, if you ask me, ought to be the ones in jail. They are to be the ones under investigation. What they have done working with agents in the Obama intelligence agencies is simply unprecedented."

Limbaugh also railed at political attempts by “both parties”  to dump the president.

“Both parties have people that are still trying to get rid of Donald Trump,” he said, saying even legislative efforts regarding illegal immigrants carry a message to voters that “electing Trump was pointless, worthless, he can't protect you, you can't stop us, he can't do what he said he was going to do because we hate him so much were not going to allow him to do that.” 

Related Stories:

Source: NewsMax Politics

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Emperor performs ritual to report abdication to Shinto gods

Emperor Akihito is praying at a Japanese shrine in a ritual to report his upcoming abdication to the Shinto gods.

The 85-year-old emperor will retire on April 30 in the first abdication in 200 years and a rarity in Japan's ancient imperial history.

Crown Prince Naruhito will succeed to the Chrysanthemum throne May 1.

Akihito performed the "Shinetsu no Gi" ritual at Ise Shrine in western Japan on Thursday as part of the succession process.

Television footage showed Akihito in a tuxedo heading into the shrine, with palace officials holding up two imperial treasures — sword and jewel. The third, a mirror, is kept at the shrine. His daughter and head shrine priest, Sayako Kuroda, also attended.

The regalia, or three treasures, will be handed to Naruhito after his succession.

Source: Fox News World

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Juror’s job interview means late start at ex-cop’s trial

The trial of a former Minneapolis police officer charged in the fatal shooting of an unarmed woman took a brief pause as the judge sought to help out an unemployed juror.

Hennepin County Judge Kathryn Quaintance scheduled court to start two hours late on Thursday in the trial of Mohamed Noor. Noor killed Justine Ruszczyk Damond when the dual citizen of the U.S. and Australia approached his squad car minutes after dialing 911 to report a possible sexual assault in the alley behind her home. Noor is charged with murder and manslaughter.

Quaintance said she was accommodating a juror's job interview that could not be broken.

One of the women chosen for the jury revealed during jury selection that she had lost her job in March.

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Check out the AP's complete coverage of Mohamed Noor's trial.

Source: Fox News National

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Massive fire engulfs beloved Notre Dame Cathedral in Paris

A massive fire engulfed the upper reaches of Paris' soaring Notre Dame Cathedral as it was undergoing renovations Monday, threatening one of the greatest architectural treasures of the Western world as tourists and Parisians looked on aghast from the streets below.

The blaze collapsed the cathedral's spire and spread to one of its landmark rectangular towers, but Paris fire chief Jean-Claude Gallet said the church's structure had been saved after firefighters managed to stop the fire spreading to the northern belfry. The 12th-century cathedral is home to incalculable works of art and is one of the world's most famous tourist attractions, immortalized by Victor Hugo's 1831 novel "The Hunchback of Notre Dame."

The exact cause of the blaze was not known, but French media quoted the Paris fire brigade as saying the fire is "potentially linked" to a 6 million-euro ($6.8 million) renovation project on the church's spire and its 250 tons of lead. The Paris prosecutors' office ruled out arson and possible terror-related motives, and said it was treating it as an accident.

As the spire fell, the sky lit up orange and flames shot out of the roof behind the nave of the cathedral, among the most visited landmarks in the world. Hundreds of people lined up bridges around the island that houses the church, watching in shock as acrid smoke rose in plumes. Speaking alongside junior Interior minister Laurent Nunez late Monday, police chief Jean-Claude Gallet said "two thirds of the roofing has been ravaged." Gallet said firefighters would keep working overnight to cool down the building.

Late Monday, signs pointed to the fire nearing an end as lights could be seen through the windows moving around the front of the cathedral, apparently investigators inspecting the scene. Remarkably, only one of the about 400 firefighters who battled the blaze was injured, officials said.

The fire came less than a week before Easter amid Holy Week commemorations. As the cathedral burned, Parisians gathered to pray and sing hymns outside the church of Saint Julien Les Pauvres across the river from Notre Dame while the flames lit the sky behind them. Paris Archbishop Michel Aupetit invited priests across France to ring church bells in a call for prayers.

French President Emmanuel Macron was treating the fire as a national emergency, rushing to the scene and straight into meetings at the Paris police headquarters nearby. He pledged to rebuild the church and said would seek international help to do so.

"The worse has been avoided although the battle is not yet totally won," the president said, adding that he would launch a national funding campaign on Tuesday and call on the world's "greatest talents" to help rebuild the monument.

Built in the 12th and 13th centuries, Notre Dame is the most famous of the Gothic cathedrals of the Middle Ages as well as one of the most beloved structures in the world. Situated on the Ile de la Cite, an island in the Seine river, its architecture is famous for, among other things, its many gargoyles and its iconic flying buttresses.

Among the most celebrated artworks inside are its three stained-glass rose windows, placed high up on the west, north and south faces of the cathedral. Its priceless treasures also include a Catholic relic, the crown of thorns, which is only occasionally displayed, including on Fridays during Lent.

French historian Camille Pascal told BFM broadcast channel the blaze marked "the destruction of invaluable heritage."

"It's been 800 years that the Cathedral watches over Paris", Pascal said. "Happy and unfortunate events for centuries have been marked by the bells of Notre Dame."

He added: "We can be only horrified by what we see."

Paris Mayor Anne Hidalgo said in a Twitter message that Paris firefighters were still trying to limit the fire and urged Paris citizens to respect the security perimeter that has been set around the cathedral.

Hidalgo said Paris authorities are in touch with the Paris diocese.

Reactions from around the world came swiftly including from the Vatican, which released a statement expressing shock and sadness for the "terrible fire that has devastated the Cathedral of Notre Dame, symbol of Christianity in France and in the world."

In Washington, Trump tweeted: "So horrible to watch the massive fire at Notre Dame Cathedral in Paris" and suggested first responders use "flying water tankers" to put it out.

Cardinal Timothy Dolan, the archbishop of New York, said he was praying "to ask the intercession of Notre Dame, our Lady, for the Cathedral at the heart of Paris, and of civilization, now in flames! God preserve this splendid house of prayer, and protect those battling the blaze."

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Associated Press writers Elaine Ganley and Sylvie Corbet contributed.

Source: Fox News World

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Former Catalan leader Puigdemont to run in European election

Former Catalan president Puigdemont reacts as trial over independence bid starts in Madrid
Former Catalan president Carles Puigdemont addresses the media in Berlin, Germany, February 12, 2019, as twelve Catalan politicians go on trial for their role in Catalonia's failed 2017 independence bid. REUTERS/Hannibal Hanschke

March 10, 2019

BARCELONA (Reuters) – Former Catalan president Carles Puigdemont, living in self-imposed exile in Belgium, will run in the May 26 election to the European Parliament as the leading candidate of Junts per Catalunya (JxCat), his political party announced on Sunday.

Puigdemont, 56, fled Spain in October 2017 after Madrid imposed direct rule on Catalonia. The wealthy northeastern region had unilaterally declared independence on the basis of a referendum deemed illegal by Spanish courts.

“It is the moment to make another step to internationalize the self-determination right of Catalonia from Europe’s heart to all the world,” Puigdemont said on Twitter.

Puigdemont and five other former Catalan leaders in self-imposed exile in European countries would be arrested if they returned to Spain. Puigdemont, who was the Catalan president for about 22 months, faces charges of rebellion in Spain.

Last July, Spanish courts lifted the European arrest warrants for Puigdemont after a German court ruled that he could be extradited to Spain to face a separate charge of misuse of public funds, but not for the rebellion charge, something that Spain decided not to accept.

From Belgium, Puigdemont ran again for office in the December 2017 Catalan regional elections and was proposed for president by a parliamentary majority, but Spanish courts banned his attempt to assume office from outside the country.

Oriol Junqueras, leader of the pro-independence party ERC who is on trial in Madrid with 11 other Catalan politicians for their role in the 2017 secession drive, will also run in the European election.

(Reporting by Joan Faus; Editing by Janet Lawrence)

Source: OANN

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Zimbabwe to start paying white farmers compensation after April

FILE PHOTO: Resettled farmer Mike Madoro stores maize harvested on his six hectares of land near Chinhoyi
FILE PHOTO: Resettled farmer Mike Madoro stores maize harvested on his six hectares of land near Chinhoyi, Zimbabwe, July 26, 2017. Picture taken July 26, 2017. REUTERS/Philimon Bulawayo/File Photo

April 8, 2019

HARARE (Reuters) – Zimbabwe is to start paying compensation this year to thousands of white farmers who lost land under former president Robert Mugabe’s land reform nearly two decades ago, the government said, as it seeks to bring closure to a highly divisive issue.

Two decades ago Mugabe’s government carried out at times violent evictions of 4,500 white farmers and redistributed the land to around 300,000 black families, arguing it was redressing imbalances from the colonial era.

But land reform still divides public opinion as opponents see it as a partisan process that left the country struggling to feed itself.

President Emmerson Mnangagwa’s government sees the paying of compensation to white farmers as key to mend ties with the West, and set aside $17.5 million in this year’s budget to that end. The initial payments will target those in financial distress, while full compensation will be paid later.

“The registration process and list of farmers should be completed by the end of April 2019, after which the interim advance payments will be paid directly to former farm owners,” Zimbabwe’s ministries of finance and agriculture said in a joint statement on Monday.

They said the process to identify and register farmers for compensation was being undertaken the Commercial Farmers Union (CFU) and a committee representing the farmers.

A committee comprising government officials and former farm owners is currently valuing improvements made on the farms. That process should end next month and will determine the full amount due to the farmers.

The government, which maintains it will only pay compensation for infrastructure and improvements on farms and not for the land, is talking to international financial institutions on options to raise the full amount to pay farmers.

Colonialists seized some of the best agricultural land and much of it remained in the hands of white farmers after independence in 1980, while many blacks were landless.

(Reporting by MacDonald Dzirutwe; Editing by Raissa Kasolowsky)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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