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Saudi plans to invite bids for nuclear power project in 2020: sources

FILE PHOTO: A car drives past electricity poles erected in east of Riyadh April 23, 2012.Reuters/Fahad Shadeed/File Photo
FILE PHOTO: A car drives past electricity poles erected in east of Riyadh April 23, 2012.Reuters/Fahad Shadeed/File Photo

April 4, 2019

By Sylvia Westall, Rania El Gamal and Stephen Kalin

DUBAI/RIYADH (Reuters) – Saudi Arabia plans to issue a multi-billion-dollar tender in 2020 to construct its first two nuclear power reactors and is discussing the project with U.S. and other potential suppliers, three sources familiar with the plans said.

The world’s top oil exporter wants to diversify its energy mix, adding nuclear power so it can free up more crude for export. But the plans are facing Washington’s scrutiny because of potential military uses for the technology.

Saudi Arabia, which aims to mine for uranium, says its plans are peaceful. But Crown Prince Mohammed bin Salman said in 2018 the kingdom would develop nuclear arms if Iran did.

U.S., Russian, South Korean, Chinese and French firms are in talks with Riyadh to supply reactors, a promising deal for an industry recovering from the 2011 Fukushima nuclear disaster.

“Saudi Arabia is continuing to make very deliberate steps forward although at a slower pace than originally expected,” one of the sources familiar with the plans told Reuters.

Saudi officials previously said they aimed to select a vendor in late 2018, which then slipped to 2019. The sources said the tender would now be issued in 2020.

Two sources said the project was proceeding slowly partly because the kingdom was still in discussions with all potential suppliers rather than narrowing them down to a short list.

The plans have also been delayed by strained ties with Washington, which criticized Riyadh after the murder of Saudi journalist Jamal Khashoggi in the kingdom’s Istanbul consulate in October, a source familiar with the talks said.

Riyadh needs to sign an accord on the peaceful use of nuclear technology with Washington to secure the transfer of U.S. nuclear equipment and expertise, under the U.S. Atomic Energy Act. U.S. Energy Secretary Rick Perry said last week that the negotiations which began in 2012 were continuing.

The source said Washington has also been seeking to convince Riyadh to sign the International Atomic Energy Agency’s Additional Protocol on extra safeguards for verifying nuclear technology is used for peaceful applications. The kingdom has so far resisted, the source added.

The fate of these negotiations could determine whether Riyadh reaches a deal with U.S. firms, the source said.

WORKSHOPS

Saudi Arabia, which sent a “request for information” (RFI) to nuclear vendors in 2017, is holding workshops with vendors from five nations as part of the pre-tender process, one source said, adding that this was expected to last 12 to 15 months.

The King Abdullah City for Atomic and Renewable Energy (KACARE), tasked with developing the nuclear program, has brought in an executive from oil giant Saudi Aramco to help manage the pre-tender consultancy process, two sources said.

The Energy Ministry, overseeing the project, and the kingdom’s international press office did not respond to Reuters requests for comment.

KACARE has in the past said the kingdom was considering building 17.6 gigawatts of nuclear capacity by 2032, requiring about 16 reactors. But the sources said the focus for now was on the first two reactors and a potentially smaller program.

Neighboring United Arab Emirates is building a nuclear power plant, the first in a Gulf Arab state. Iran, across the Gulf, has a nuclear plant in operation and has been locked in a row over its nuclear ambitions with the United States.

Saudi Arabia, which has long vied with Iran for regional influence, has said it will not sign any deal with the United States that deprives the kingdom of the possibility of enriching uranium or reprocessing spent fuel in the future, both potential paths to a bomb.

South Korea’s state-owned Korea Electric Power Corp (KEPCO), Russian state nuclear group Rosatom, French utility EDF, state-run China National Nuclear Corp and U.S. Westinghouse have expressed interest in the Saudi project.

(Additional reporting by Geert De Clercq in Paris; Writing by Sylvia Westall; Editing by Edmund Blair)

Source: OANN

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BOJ’s Kuroda vows to patiently continue current monetary stimulus

FILE PHOTO: BOJ Governor Kuroda attends the Paris Europlace International Financial Forum in Tokyo
FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai

April 16, 2019

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Tuesday vowed to “patiently continue” the central bank’s “powerful” monetary easing as it was taking longer than previously thought to accelerate inflation to its 2 percent target.

Prices remain weak despite a tight labor market, but the momentum toward 2 percent inflation is intact, Kuroda told lawmakers in parliament.

While continuing its massive monetary stimulus, the BOJ will examine whether the decline in profits at regional banks may undermine financial intermediation, Kuroda added, urging regional banks to step up efforts to reduce costs and extend tie-ups.

(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

Source: OANN

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Perilous times for Mozambican children impacted by cyclone

Her name is Chuva, which in Portuguese means rain. For four days that was all she saw as she clung to her rooftop in the cyclone's aftermath and prayed to be saved.

Maria Chuva clasped her 5-year-old daughter, Amiel, to her tightly as she recounted the panic of opening her front door to water that came up to her neck, and scrambling with her family to the roof.

Now, after elbowing her way onto a rescue boat for a bewildering journey with her two girls to the inundated port city of Beira, she paused in the din of a displacement camp to reflect on losing everything but her children — and the splintered families now around her. The orphans are especially hard for her to bear.

"It hurts me so bad," she said.

An estimated 900,000 children have been orphaned or separated from their families, made homeless or otherwise affected by Cyclone Idai, half of the 1.8 million people impacted overall, according to Mozambican government figures.

The children crowd displacement camps, sleeping rough on plastic tarps on bare brick floors, or on the wooden benches of crowded schools.

They slide down wooden bannisters, teeter on rain-slickened tile stairs near open cooking fires on the concrete floor. They play checkers with bottle caps. They squat around a metal pot as big as themselves, scraping its sides with their bare hands for the last remaining kernels of rice.

No one yet knows how many are orphaned, just as no one knows how many people in the cyclone-hit countries of Mozambique, Zimbabwe and Malawi are dead or missing.

Families were separated in the chaos. Many children lost a mother or father, or both.

"We are concerned about children who were orphaned by the cyclone or became separated from their parents in the chaos that followed," said Henrietta Fore, executive director of the U.N. organization for children, UNICEF.

Initial assessments in Beira indicate that more than 2,600 classrooms have been destroyed and 39 health centers impacted. At least 11,000 houses have been totally destroyed. "This will have serious consequences on children's education, access to health services, and mental well-being," Fore said.

"The situation will get worse before it gets better," Fore added, warning of diseases like cholera, malaria and diarrhea "which can turn this disaster into a major catastrophe."

In a bare gymnasium in the Samora Machel secondary school in Beira, at least 12 children are orphans, said Juta Joao Sithole, who represents the nearly 350 people from the town of Buzi who shelter there.

He said the orphans are very young: 4, 5, 7-years old.

He feels for them keenly. His own two children, ages 9 and 7, are still at home in Buzi after he was plucked from a rooftop after three days without water and food and flown to Beira. With communications completely down, he has no way of reaching them, of knowing how they are.

When the orphaned children approach with questions, Sithole uses tough love and deflection: Eat this. Sleep here. Go play.

"When they ask about their parents, I tell them, 'Please keep quiet,'" he said. He tells them stories and jokes instead.

It is too difficult to talk about death. "Children are children," he said. "They don't know anything. I treat them like my own."

For more than a week after the cyclone, a 7-year-old girl waited with her older sister at the school, injured and bewildered by her mother's absence. Finally her mother appeared at the school. By then the small girl was so traumatized she couldn't say her name.

She sat alone on the concrete floor the next morning, crying, snot running down her lip, even though her mother had only stepped away. Sithole hoisted her up by one arm and tried to question her. She balances on one leg and only sniffled, her eyes swollen.

"Her health is not good," Sithole said, and helped her sit again.

Many other Mozambican children now know hunger and homelessness, and the growing risk of disease.

In the Agostinho Neto primary school in Beira, 270 children displaced by the cyclone now live in classrooms, all of them thought to have at least one guardian. They play beneath the remains of a collapsed roof, its beams now hung with drying clothes.

"It's sad. It hurts me to see families sleeping 10 people together, separated by desks," said Saoundina Tempe, a manager there with Mozambique's disaster management agency. "Newborns, pregnant women. Their lives are in jeopardy because of disease, being together in the same place."

For some children who survived the storm, a patch of sidewalk in downtown Beira is now home.

Marta Ben is surrounded by them. The 30-year-old mother of five clutched a baby to her hip, barefoot, a cooking pot bubbling nearby.

When the cyclone hit their neighborhood of shacks near the sea and peeled their roofs away, she and other young mothers gathered what children they could and fled.

"We lost some of them," she said.

On Friday she and the children marked a week on the sidewalk. They now beg to get by.

"If people give," she said simply, "we receive."

Source: Fox News World

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Organ Donor? Organs Cut Out of Patients’ Bodies Even While Conscious and Aware, Horrifying New Science Study Reveals

If you’re an organ donor, you might have chosen that status out of a sense of goodwill, thinking that medical personnel don’t harvest your organs until after you’re dead and unconscious. But a new scientific study reveals that organ harvesting is very likely taking place even while patients are still conscious, even though their hearts have stopped beating.

This means that patients are fully aware — and experience all the pain — of doctors rapidly cutting into their bodies and slicing away their organs in order to generate “transplant profits” for the corrupt medical system.

Even when your heart stops beating, you’re still alive and conscious for several minutes

You’re not really dead when your heart merely stops beating, even though that’s what doctors use to pronounce you dead. “[P]eople who have survived cardiac arrest later accurately described what was happening around them after their hearts stopped beating,” said Dr. Sam Parnia, a researcher who studies consciousness after death. His comments were reported by Fox News:

He said: “They’ll describe watching doctors and nurses working, they’ll describe having awareness of full conversations, of visual things that were going on, that would otherwise not be known to them.”

In other words, you’re still alive, conscious and aware for several minutes after your heart stops beating. Just because the heart stops doesn’t instantly disconnect the activity of the brain. (This should be obvious, but the corrupt, evil medical system has whitewashed this issue for years, pretending that death is instantaneous, taking place the moment the heart stops beating.)

“This means you are essentially ‘trapped’ inside your dead body with your brain still working,” reports Fox News. If you’re an organ donor, that’s the moment in which doctors slice into your body without using anesthesia (since they assume you’re dead) and start rapidly harvesting your organs. You feel every bit of it, but you’re trapped inside your body and can’t move or even scream.

If you’re an organ donor, greedy hospitals and unethical doctors may start harvesting your organs BEFORE you’re dead

Doctors are pushed by the medical industry to harvest as many organs as possible, since organs are free to the hospital, yet that same hospital can generate millions of dollars in revenue from an organ transplant. The organ trade is steeped in unethical medical crimes and horrifying realities that almost no one dares acknowledge. Over the years, there have been many reports that claim some doctors dishonestly declare patients to be deceased even when they aren’t, in order to start harvesting their organs before their heart stops beating.

A shocking investigative book called The Red Market (by Scott Carney) documents the unethical practices of the organ trade industry. The book’s subtitle is, “On the trail of the world’s organ brokers, bone thieves, blood farmers and child traffickers,” and it lays out the horrifying truth about the organ harvesting industry that the medical establishment has successfully covered up for decades.

The corrupt medical system pushes you to donate your organs for THEIR benefit, not yours

In summary, the entire push for you to become an organ donor is based on medical system profits. They need your organs in order to charge patients for organ transplant procedures, drugs and a lifetime of repeat doctor visits. In seeking to capture these profits, they falsely imply that somehow organ transplants are free to everyone, as if hospitals and doctors are volunteering their time and resources to save lives.

That’s a big lie.

In truth, organ transplants are a huge profit center for many hospitals, and while hospitals and doctors reap enormous profits on these procedures, they pay no money whatsoever to the family of the deceased person whose organs made the entire thing possible in the first place.

Why should organ donors give up their organs for free while doctors, hospitals and drug companies reap huge profits from those organs? If “saving lives” is the real goal, then why don’t hospitals the doctors offer all organ transplants for free?

The answer is obvious: It’s big business. It’s a profit center for the corrupt, evil medical industry.

And if you are an organ donor, you are perpetuating this great evil and possibly subjecting yourself to horrifying torture as surgeons rip your organs from your body while you’re still alive and conscious.

If you really want to help others, teach people how to protect their own organs through healthy living, nutrition and avoidance of toxins. By teaching people how to keeps their own organs healthy, you reduce the need for fresh organ transplants, thereby making more of those organs available to those who are waiting for them.

You can start by teaching people to avoid toxic vaccines, since vaccines damage the kidneys. Chemotherapy damages the heart, liver and brain. Exposure to glyphosate herbicide and other agricultural chemicals damages all your organs. If you really want to save lives and help others, encourage them to read Natural News where they can learn how to avoid disease and protect the organs God gave them.

Also read MedicalViolence.com for more stories about the extreme violence carried out against human beings by the medical system.


Source: InfoWars

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Sudan’s parliament shortens state of emergency to six months: witness

FILE PHOTO: Sudanese President Omar Hassan al-Bashir speaks during a press conference in Khartoum
FILE PHOTO: Sudanese President Omar Hassan al-Bashir speaks during a press conference after the swearing-in of the prime minister and first vice president at the presidential palace in Khartoum, Sudan March 2, 2017. REUTERS/Mohamed Nureldin Abdallah/File Photo

March 11, 2019

KHARTOUM (Reuters) – Sudan’s parliament voted on Monday to shorten a state of emergency declared by President Omar al-Bashir last month from one year to six months, a Reuters witness said.

Parliament may renew the state of emergency.

Bashir declared the nationwide state of emergency, the first since 1999, on Feb. 22 to try to quell persistent protests that have posed the most serious challenge to his three-decade rule.

(Writing by Yousef Saba; Editing by Toby Chopra)

Source: OANN

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Piatti’s brace leads Impact past Orlando City

MLS: Montreal Impact at Orlando City SC
Mar 16, 2019; Orlando, FL, USA; Montreal Impact midfielder Ignacio Piatti (10) celebrates a goal against Orlando City in the first half at Orlando City Stadium. Mandatory Credit: Matt Stamey-USA TODAY Sports

March 16, 2019

Ignacio Piatti scored twice to lead the visiting Montreal Impact to a 3-1 victory over Orlando City SC on Saturday.

Piatti, who already has three goals this season for Montreal (2-1-0, 6 points), has 10 in 10 career MLS matches against Orlando City. His first goal of the day came as the Impact scored twice in roughly 90 seconds in the first half.

Orji Okwonkwo recorded his first MLS goal in the 14th minute with a cross-body effort to open the scoring. Just one minute later, Piatti increased Montreal’s advantage with a score off a careless back-pass to Orlando City keeper Brian Rowe that was broken up by teammate Max Urruti, thus leaving an empty net.

Piatti put things out of reach in the 80th minute, when he scored on a counter strike off a Orlando City miss. The Impact, amid their season-opening, six-game road stretch, have won four in a row over Orlando City (0-1-2) — which has now gone winless in its first three matches for a second consecutive season.

Though the Impact held an 11-2 advantage in shots on target, Orlando City had its chances while Rowe kept things from getting out of hand.

In the seventh minute, Dom Dwyer went well high of the goal from the center of the box. Impact keeper Evan Bush then made a straight-on save off a direct header from Dwyer in the 35th minute.

Play remained relatively wide open in the second half and even got chippy at times. Players from both squads got into a shoving match in the 56th minute following a questionable foul by Orlando City’s Danilo Acosta.

Dwyer, who missed over the bar during a one-on-one with Bush on 58 minutes, finally broke through in the first minute of second-half stoppage time on a feed from Santiago Patino.

Montreal defender Zakaria Diallo drew a red card for a push to the head as things again got heated between the sides near the conclusion of the match.

Orlando City midfielder Will Johnson came off in the 16th minute and was reportedly placed into concussion protocol.

–Field Level Media

Source: OANN

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Ecuador Hacked After Julian Assange Arrest

Two days after the Thursday arrest of Julian Assange at Ecuador’s London embassy, several government websites were hacked; including Ecuador’s official website, the Central Bank of Ecuador, the Ministry of the Interior and the Ecuadorian Assembly in the UK, according to Gateway Pundit‘s Cassandra Fairbanks, who was in London last week and documented the run-up to Assange’s arrest. 

Concurrent with the breach, a hacking group operating under the name “AL1NE3737” released a database containing the full names and passwords for what appear to be 728 Ecuadorian government employees.

Furthermore, Ecuador’s sites were hit with Denial of Service (DoS) attacks. According to DefCon Lab.

Among those involved in these attacks stand out from the groups / hacker DeathLaw , 5UB5, Cyb3r C0nven Security and Al1ne ( Pryzraky ).

DoS actions has consistently been against the Ecuadorian government targets, the country that gave Julian Assange to the UK police.” –DefCon Lab


Norm Pattis joins Alex Jones and Paul Joseph Watson to give his take on the recent arrest of Julian Assange.

The hacker Al1ne ( Pryzraky ) performed page defacements against and released a list of vulnerable targets related to the government of Ecuador

As noted by Fairbanks, “The cyber attack was reminiscent of 2010’s “Operation Avenge Assange” which was launched by the broader “Operation Payback” effort. The movement lead to hacktivists hitting companies such as PayPal, PostFinance, Mastercard, Visa, and others who had blocked services to WikiLeaks with a distributed denial-of-service (DDOS) attack. This is when a website is flooded with fake traffic until it crashes and goes offline.”

Following Assange’s Thursday arrest, more than 70 MPs and peers signed a letter urging the UK home secretary to ensure that the WikiLeaks founder is extradited to Sweden if Swedish authorities request it.

Sweden is considering whether to open a previously-dropped investigation into allegations of rape and sexual assault against Assange.

The United States, meanwhile, wants to try Assange for the largest-ever leak of government secrets in 2010.  On Thursday, the Justice Department hit him with an indictment that claims the WikiLeaks founder helped former US Army intelligence analyst crack DoD password using Linux.

“The indictment alleges that in March 2010, Assange engaged in a conspiracy with Chelsea Manning, a former intelligence analyst in the U.S. Army, to assist Manning in cracking a password stored on U.S. Department of Defense computers connected to the Secret Internet Protocol Network (SIPRNet), a U.S. government network used for classified documents and communications,” reads a DOJ press release.

Materials Manning released included videos of various US airstrikes in Iraq and Afghanistan, as well as the “Iraq War Logs” and “Afghan War Diary.”

Assange faces five years in prison if convicted in the Manning case.

Source: InfoWars

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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