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UK PM May considers delaying Brexit deadline: Bloomberg

Britain's Prime Minister Theresa May is seen outside Downing Street in London
FILE PHOTO: Britain's Prime Minister Theresa May is seen outside Downing Street in London, Britain, February 20, 2019. REUTERS/Simon Dawson

February 25, 2019

(Reuters) – British Prime Minister Theresa May is considering a plan to delay Brexit and prevent the UK from leaving the European Union without a deal, Bloomberg reported on Monday, citing people familiar with the situation.

May is expected to let her Cabinet discuss extending the deadline beyond March 29 at a meeting on Tuesday, Bloomberg reported, adding that May would then reveal the Cabinet’s conclusions in an announcement to parliament later in the day.

No final decision has been taken yet, Bloomberg said.

(Reporting by Ismail Shakil in Bengaluru; editing by Jonathan Oatis)

Source: OANN

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Manipulation suspicions mount in Thailand’s post-coup election

FILE PHOTO: Ballots are counted during the general election in Bangkok
FILE PHOTO: Ballots are counted during the general election in Bangkok, Thailand, March 24, 2019. REUTERS/Athit Perawongmetha/File Photo

April 7, 2019

By Patpicha Tanakasempipat and Panarat Thepgumpanat

BANGKOK (Reuters) – Thailand’s first general election since a 2014 army coup has been touted by the ruling military junta as a return to democratic rule, but two weeks after the vote, results are still unclear and allegations of manipulation are mounting.

Since the March 24 vote, figures linked to a “democratic front” of opposition parties say they have come under increasing pressure from police and the military.

The Election Commission has also indicated it would use a complex allocation formula for 150 “party seats” in the House of Representatives in a way that would likely dilute the opposition alliance’s seats in the 500-seat lower house.

The Election Commission has said it won’t announce even provisional winners of the 150 party seats until May 9, saying it needs time to order by-elections and vote recounts as well as to disqualify candidates who broke election laws.

But critics say the time gap allows the military-royalist establishment to manipulate results and disqualify opponents of the pro-army Palang Pracharat party that seeks to keep junta leader Prayuth Chan-ocha in power as an elected prime minister.

The leading opposition Pheu Thai party, made up of loyalists to army-ousted Prime Minister Thaksin Shinawatra, sees the delays and legal actions as an attempt to deny the “democratic front” enough seats in the House needed to block the main junta-linked party from unrestrained lawmaking power.

“After the election … the majority of the people feels a sense of hopelessness and distrust for the election process,” said Pheu Thai’s secretary-general, Phumtham Wechayachai.

“People are talking about the Election Commission’s part in supporting the extension of power by the National Council for Peace and Order,” he said, using the junta’s formal name.

The Election Commission’s secretary-general, Jaroongwit Phumma, told Reuters the body is not helping the pro-military party.

“The election commission is neutral and adheres to the law. We don’t take sides or help one particular party,” Jaroongwit said.

Palang Pracharat said it does not gain any advantages over opposition parties.

“It’s completely false to say that the election commission is helping Palang Pracharat. This is an attempt to discredit us,” the party’s deputy spokesman Thanakorn Wangboonkongchana told Reuters.

SEDITION CHARGE

However, opposition figures say they are being targeted.

Thanathorn Juangroongruangkit, the leader of the youth-oriented Future Forward Party which did surprisingly well in the vote, was charged on Saturday with sedition on a junta complaint dating back to 2015 – a case that could see his party disbanded.

Online campaigns have also cast Thanathorn as anti-monarchy, a serious crime in Thailand, where the monarchy is revered without question.

Thanathorn denies being against the monarchy and all charges against him.

“It’s the establishment’s desire to stir hatred, fear, and mistrust among the people, creating legitimacy for the military to take over and stay on,” Thanathorn said last week.

Winthai Suvaree, a spokesman for the junta, said the charges against Thanathorn were not aimed at weakening the opposition and were “entirely unrelated to current political events”.

“ABNORMAL ELECTION”

The rules of the election were written in the 2017 junta-backed constitution, which critics said were aimed at ensuring military influence in Thai politics.

Among the new provisions is that the Senate, the 250-seat upper house of parliament appointed by the junta, must approve the prime minister in a combined vote with the House, which previously solely voted on the premier.

That means the junta-backed party and its allies have to gain only 126 seats in the House to install Prayuth as prime minister, while the opposition would need 376 votes for their potential candidate.

Still, days after the March 24 vote, the “democratic front” claimed through its own calculations that it would gain at least 255 House seats – not be enough to form a government but potentially allowing it to block the military-backed party from having free rein.

Last week, however, the election commission indicated the complex formula to calculate allocation of the 150 “party list” seats will round up decimals to give seats to 11 small parties although their popular votes did not meet a previously described threshhold required to earn even one seat.

“This is an irregularity that reflects an effort to block the democratic front from forming the next government,” said Pheu Thai’s spokeswoman Ladawan Wongsriwong.

Widening the list would cut seats from top popular vote getters and could reduce seats for Future Forward from around 87 to 80, potentially hurting the democratic front’s claim of House majority.

“It’s an abnormal election from the outset. It’s a game where the junta wrote the rules and appointed the referee, who is also acting abnormally,” said Yingcheep Atchanont, project manager at legal-monitoring group iLaw.

Palang Pracharat has repeatedly said it reaps no benefits from the constitution.

Sonthirat Sontijirawong, the Palang Pracharat secretary-general, has said the party would begin talks to form the next government only after the king’s official coronation on May 4-6.

“BAD PEOPLE”

The election comes after nearly 15 years of turmoil, during which conflicts between supporters of ousted former premier Thaksin and his establishment opponents manifested in street protests, violent clashes, and two military coups.

On the eve of the vote, King Maha Vajiralongkorn made an unexpected statement, recalling a comment made by his late father on the need to put “good people” in power and to prevent “bad people from … creating chaos.”

Six days later, the king revoked royal decorations that had been awarded to Thaksin, citing his 2008 corruption conviction and for fleeing the country to escape prison.

The military also stripped Thaksin of a pre-cadet school’s achievement award as well as deleting his name from the school’s hall of fame.

“Thaksin continues to be a threat to the position of power of the establishment,” Pavin Chachavalpongpun, associate professor at Kyoto University’s Center for Southeast Asian Studies, told Reuters.

(Additional reporting by Panu Wongcha-um. Editing by Lincoln Feast)

Source: OANN

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MLB roundup: Indians flirt with no-no vs. Jays

MLB: Chicago Cubs at Atlanta Braves
Apr 4, 2019; Atlanta, GA, USA; Atlanta Braves left fielder Ronald Acuna Jr. (13) runs around second base before scoring a run against the Chicago Cubs during the eighth inning at SunTrust Park. Mandatory Credit: Dale Zanine-USA TODAY Sports

April 5, 2019

Trevor Bauer tossed seven no-hit innings, and two relievers combined to finish a three-hit gem as the host Cleveland Indians posted a 4-1 victory over the Toronto Blue Jays on Thursday.

Bauer (1-0) finished with a flourish, striking out Lourdes Gurriel Jr., Alen Hanson and Brandon Drury to end the seventh inning. The 28-year-old fanned eight on the night, but six walks drove up his pitch count to 117.

Jon Edwards sandwiched a pair of walks around a hit batter to load the bases in the eighth before Brad Hand induced Gurriel to pop out to second to end the threat. Hand, however, allowed a single to Freddy Galvis to lead off the ninth, ending the Indians’ bid for their first no-hitter since Len Barker threw a perfect game against Toronto on May 15, 1981.

Tyler Naquin had two hits and scored a run, and Jose Ramirez and Roberto Perez each had sacrifice flies for the Indians, who have alternated losses and wins to even their record after six games despite mustering just 17 runs. The Blue Jays began their six-game road trip by falling for the fourth time in five outings.

Braves 9, Cubs 4

Nick Markakis drove in five runs to support the strong effort of starting pitcher Max Fried, and Atlanta rolled over visiting Chicago, capping a three-game series sweep.

Markakis was 5-for-5 with three doubles and scored three runs to pace the 13-hit Atlanta attack. He matched his career high for hits and doubles in a game. Markakis raised his batting average to .375 from .211 when the day started and was 8-for-12 in the three-game series.

Fried (1-0) showed good command of his breaking pitches and limited the Cubs to only one hit — a sixth-inning single by Mark Zagunis that spoiled a perfect game — in six shutout innings. Yu Darvish (0-1) allowed three runs in four innings as the Cubs lost their fifth straight.

Yankees 8, Orioles 4

Gleyber Torres hit a pair of homers, including the go-ahead three-run shot with two outs in the top of the sixth inning, lifting New York to victory at Baltimore.

Torre set a career high by going 4-for-4, falling a triple shy of the cycle, and he tied a career best with four RBIs. He helped the Yankees overcome a 4-1 deficit, driving a 0-2 fastball by Mike Wright Jr. (0-1) over the left field fence to put New York up 5-4. Gary Sanchez and Luke Voit also homered for the Yankees.

Jonathan Villar homered on the second pitch of the bottom of the first inning from James Paxton (1-1). Chris Davis went 0-for-3 with three strikeouts before being lifted for a pinch hitter in the eighth. He is hitless in 17 at-bats with 11 strikeouts this season and is hitless in his past 38 at-bats since Sept. 14.

Nationals 4, Mets 0

Stephen Strasburg struck out nine over 6 2/3 scoreless innings and earned the win as Washington spoiled New York’s home opener.

Wilmer Difo had two RBIs via a second-inning safety squeeze and a ninth-inning single for the Nationals, who were held to one hit — Victor Robles’ leadoff homer in the sixth — through eight innings before collecting four hits and adding two insurance runs in the ninth. Washington won its second straight.

Noah Syndergaard (0-1) took a hard-luck loss for the Mets, who had their three-game winning streak snapped. New York fell to 37-21 all-time in home openers. Syndergaard allowed two runs on one hit and two walks while striking out six.

A’s 7, Red Sox 3

Stephen Piscotty collected two singles, a double and a home run, driving in five runs as Oakland beat visiting Boston to win the series 3-1.

Three Oakland relievers combined to pitch 3 2/3 innings of two-hit, shutout relief to protect the lead.

J.D. Martinez hit a solo home run, his third of the season, for Boston, which fell to 2-6 on its season-opening trip that moves to Arizona on Friday. The Red Sox don’t get their home opener until Tuesday against the Toronto Blue Jays.

Tigers 5, Royals 4

Niko Goodrum knocked in three runs, Josh Harrison scored three times, and Detroit won its home opener by edging Kansas City.

Blaine Hardy (1-0) gave up one run in two innings of relief to pick up the win. Tigers starter Spencer Turnbull struck out a career-high 10 batters in six innings. He gave up three runs (two earned). Nicholas Castellanos scored two runs for Detroit, which has won three straight.

Alex Gordon hit a solo homer, scored two runs and drove in two for Kansas City. Whit Merrifield supplied two hits and two runs. Reliever Kyle Zimmer (0-1) walked all three batters he faced and took the loss.

Pirates 2, Reds 0

Jordan Lyles and three relievers spun a six-hit shutout as host Pittsburgh scored late for a shutout win over the poor-hitting Cincinnati. The Reds were blanked for the third time in their first six games of the season.

Kevin Newman drove in a run in the seventh on a groundout, and Josh Bell singled home an insurance run in the eighth as the Pirates ended a two-game losing streak while sticking the Reds with their fifth straight defeat.

The Reds, who were shut out 1-0 by the Milwaukee Brewers on Wednesday, have not scored in their past 19 innings.

Rangers 11, Angels 4

Joey Gallo and Ronald Guzman each homered in a five-run first inning, leading Texas to a victory that spoiled Los Angeles’ home opener in Anaheim, Calif.

Kole Calhoun and Mike Trout hit home runs in the losing effort for the Angels, who fell to 1-6 on the season. It is the worst start through seven games by an Angels team since the franchise’s inaugural club began 1-8 in 1961.

Angels starter Matt Harvey (0-1) was tagged for eight runs on 10 hits and two walks in four-plus innings. Rangers reliever Jeffrey Springs (1-0) got the victory.

–Field Level Media

Source: OANN

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Comedian leads presidential polling in Ukraine

A comedian who's never held political office tops the public opinion polls ahead of Ukraine's presidential election, but even he appears to be falling far short of enough support to win in the first round.

Ukrainians on Sunday will choose from among 39 candidates for a president they hope can guide the country of 42 million out of troubles including endemic corruption, a seemingly intractable war with Russia-backed separatists in the country's east and a struggling economy.

President Petro Poroshenko is seeking another term, but a poll released Friday by the Kiev International Institute of Sociology showed him with the support of just 13.7 percent of the voters.

Volodymyr Zelenskiy, who shot to national prominence by playing the role of the president in a television comedy, topped the poll at 20.9 percent.

Source: Fox News World

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US eases effects of sanctions on Iran’s elite guard force

The Trump administration on Wednesday granted important exemptions to new sanctions on Iran's Revolutionary Guard, watering down the effects of the measures while also eliminating an aspect that would have complicated U.S. foreign policy efforts.

Foreign governments and businesses that have dealings with the Revolutionary Guard and its affiliates will not be subject to a ban on U.S. travel under waivers outlined by Secretary of State Mike Pompeo in two notices published in the Federal Register.

That weakens the effect of the measures and will frustrate members of Congress backing tough measures against Iran who are already concerned that the Trump administration won't fully enforce sanctions on Iranian oil. But it lifts the threat that those who work with the U.S. in Iraq and Lebanon, where the Guard's subsidiaries are active, will face the full weight of American penalties.

The waivers leave intact sanctions that apply directly to Iran's Revolutionary Guard and its proxies, the first agencies of a foreign government that have ever been designated a foreign terrorist organization by the United States. The designation, which took effect April 15 , is part of a broader administration effort to increase pressure on Tehran.

Iranian Foreign Minister Mohammad Javad Zarif, speaking Wednesday in New York, said the administration is creating dangerous conditions with its campaign against Tehran. "Iranians are allergic to pressure," he said, adding that he believes the conflict can be resolved diplomatically.

Under U.S. immigration law, foreigners found to have provided designated foreign terrorist organizations with "material support" can be banned from the U.S.

When it was announced earlier this month, the designation raised fears that U.S. diplomats and troops might have to end contacts with officials in countries that have ties with Iran or elements of the Guard, a paramilitary organization formed in the wake of Iran's 1979 Islamic Revolution to defend its clerically overseen government.

Lebanon, where Iran and the Guard are active in their support of the militant Hezbollah movement, and Iraq, where they back Shiite militias and have close ties to the government, are two such countries where the U.S. is heavily engaged on military and diplomatic fronts.

Pompeo said in the notices that he decided to waive the travel bans in U.S. foreign policy and national security interests.

In one notice, he said the sanctions "shall not apply to any ministry, department, agency, division, or other group or subgroup within any foreign government" unless that entity is covered by existing U.S. sanctions.

In the second notice, he said the sanctions won't apply "to any business, organization, or group, whether public or private, solely based on its provision of material support to any foreign government sub-entity that has been designated as a foreign terrorist organization."

"At first glance, it looks like a wise carve-out," said Daniel Fried, a former sanctions coordinator for the State Department who is now with The Atlantic Council. "One of the rules of sanctions is that you need to account for unintended consequences and have wide licensing and waiver authority. Otherwise, if there are unintended consequences you find yourself unable to act."

The notices were published two days after the administration announced that it would not renew sanctions waivers for countries that import Iranian oil. Those waivers, which primarily affect five countries — China and India, Japan, South Korea and Turkey — expire on May 2. The announcement sparked a spike in world oil prices due to global supply concerns.

In the days since, however, concerns have been raised by Iran hawks that the administration may not impose sanctions on countries continuing their imports.

Under one scenario being considered by the administration, the countries could be allowed to place and pay for future orders of Iranian oil before May 2, essentially front-loading continued imports, according to officials, congressional aides and outside advisers familiar with the matter who spoke on the condition of anonymity to discuss internal deliberations.

The administration could then grant waivers from sanctions to transport and refine the oil under a 2012 law.

The State Department declined to comment on the possibility that Iranian oil imports might continue without sanctions.

President Donald Trump has said the goal is to cut Iranian oil exports to zero to choke off the estimated $50 billion a year it provided before sanctions were reinstated in November following the U.S. withdrawal from the 2015 Iran nuclear deal.

But officials in charge of Iran policy have not ruled out the possibility of allowing some importers additional time to wind down those purchases, drawing criticism from supporters of a "maximum pressure" campaign aimed at Tehran, which the U.S. says destabilizes the Middle East by supporting militant activity around the region.

"I think maximum pressure should mean maximum pressure," Sen. Ted Cruz, R-Texas, told Pompeo earlier this month at a Senate Foreign Relations Committee hearing during which he implored the administration to adopt the strictest possible interpretation of the sanctions.

Sen. Tom Cotton, R-Ark., concurred. "Going forward, the proper amount of oil exports from Iran is zero."

Outside opponents of the 2015 Iran nuclear deal also say exports must be eliminated for the maximum pressure campaign to succeed.

"There is no maximum pressure campaign without eliminating all Iranian oil exports. That must be the immediate objective," said Mark Dubowitz, the chief executive of the Foundation for Defense of Democracies, a critic of the deal.

Source: Fox News National

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Finnish startup Varjo rolls out $5,995 VR headset

FINLAND-VIRTUAL-REALITY
The new VR-1 headset from Finnish startup Varjo. Courtesy Varjo/via REUTERS

February 19, 2019

HELSINKI/LONDON (Reuters) – Atomico-backed Finnish startup Varjo on Tuesday launched its top-of-the-range virtual reality headset, aiming to take VR technology to the aerospace and automotive sectors.

The most widely known VR headsets such as HTC Vive or Facebook’s Oculus have so far mostly made headlines with consumer applications, but with a $5,995 price tag Varjo is betting on industrial uses in architecture, engineering and construction.

“There are millions of architects or engineers working on architectural projects … once they start to use VR on a daily basis, that’s when we start to see the volumes,” Niko Eiden, founder and CEO of Varjo, told Reuters.

“That’s when we start to see the cost go down.”

Varjo has collaborated with partners including Airbus, Audi, Saab, Volkswagen and Volvo in development of the VR-1, which was launched in 34 countries on Tuesday.

Varjo – which has raised around $45 million from investors such as Atomico and EQT Ventures – said its new headset has a resolution of more than 60 pixels per degree, more than 20 times higher than any other VR headset on the market.

“The Varjo headset is an important milestone for the VR industry because of the incredibly high resolution that it offers. This has the potential to offer the most realistic virtual reality to date,” said Ben Wood, head of research at UK-based tech consultancy CCS Insight.

(Reporting by Tarmo Virki in Helsinki and George Sargent in London; editing by David Evans)

Source: OANN

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Trial over Delaware prison riot ends with no convictions

The trial for four inmates charged with murder in a 2017 Delaware fatal prison riot has ended with no convictions.

The News Journal of Wilmington reports jurors returned no verdicts Monday against John Bramble and Obadiah Miller for the riot at Vaughn Correctional Center near Smyrna. They also could not come to a unanimous decision for Miller's murder charge and assault charges for Bramble. They were acquitted of all other charges.

Abednego Baynes and Kevin Berry were acquitted of all charges.

Jurors reported earlier Monday that they were at an impasse on some charges.

Officer Steven Floyd died during the 18-hour standoff. The two other guards were released and a prison counselor was rescued by police.

Each defendant proclaimed his innocence from the stand during the four-week trial.

___

Information from: The News Journal of Wilmington, Del., http://www.delawareonline.com

Source: Fox News National

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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

April 26, 2019

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

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

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

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

Source: OANN

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

April 26, 2019

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

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

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

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

Source: OANN

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