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Ocasio-Cortez responds to Trump over ‘bartender’ comment; lashes out at Amazon

U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., called President Trump’s recent barb about her being a “young bartender” a compliment and lashed out at Amazon while speaking with constituents Saturday.

“There’s nothing wrong with being a bartender," Ocasio-Cortez said at a joint event in the New York City borough of Queens alongside New York state Sen. Michael Gianaris. “It’s so crazy to at once mock someone for being from a working-class background, for being a bartender, for shaming me for where I was born and where I’m from and on the other hand, when I lean into my identity and who I am and all of that, people are saying that’s not true either."

The freshman congresswoman said her work as a bartender gave her first-hand experience with health care issues, the New York Daily News reported. She said that unlike Trump, she bought into health care public exchanges.

“He’s never had to actually see the rising premiums month to month, and you have a $6,000 deductible for a $2,000 health insurance plan," she said, according to the paper.

Ocasio-Cortez also responded to New York Gov. Andrew Cuomo, who has blamed her and other Amazon critics for the company's decision to scrap a proposal to open a second headquarters in the Long Island City neighborhood of Queens, according to the New York Post. Amazon promised the facility would bring 25,000 jobs to the city.

OCASIO-CORTEZ SLAMMED AS 'FINANCIALLY ILLITERATE' AT SHARPTON EVENT OVER AMAZON, FACES CALLS TO BE OUSTED FROM OFFICE

The retail giant pulled out of the deal in February after backlash from some progressives over the $3 billion in tax breaks and subsidies the city was prepared to offer the company.

“[A] small group [of] politicians put their own narrow political interests above their community -- which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City,” Cuomo said in a statement at the time.

Some local residents also blasted the progressives, saying the area needed the Amazon jobs.

“I felt like people should have gotten the jobs,” Susie Scaretta-Enright of Woodside told the New York Post. “There are people that are struggling.”

“I felt like people should have gotten the jobs. There are people that are struggling.”

— Susie Scaretta-Enright, resident opposing Ocasio-Cortez stand on Amazon plan in New York City

The governor recently said the fallout has wrecked the city’s ability to attract new businesses.

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“What’s wild to see is how when the community tried to sit down at the table and negotiate … any small demand was immediately met with a ‘no’,” Ocasio-Cortez said. “So it’s not about being blanket ‘pro’ or ‘anti’ Amazon, it’s the fact that … we can’t just be allowed to govern by bullying.”

“People are unhappy, and they should be unhappy with those who were in secret rooms making the deal — not anyone else asking questions and trying to protect the community,” Gianaris added.

Source: Fox News Politics

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Russia accuses Serbian opposition of stoking violence with protests

Protest against Serbian President Vucic in Belgrade
FILE PHOTO: Demonstrators face-off with riot police at a protest against Serbian President Aleksandar Vucic and his government in front of the presidential building in Belgrade, Serbia, March 17, 2019. REUTERS/Marko Djurica

March 18, 2019

MOSCOW (Reuters) – Russia’s Ministry of Foreign Affairs said on Monday it was seriously concerned by what it described as attempts by some opposition forces in Serbia to provoke violence during protests in Belgrade over the weekend.

Thousands of anti-government protesters staged a rally outside President Aleksandar Vucic’s residence on Sunday to press their demands for greater media freedom and free and fair elections, a day after they briefly broke into the state television building.

Russia’s foreign ministry noted what it called the “measured and balanced” reaction to the protests by authorities in Serbia, a close ally of Russia.

(Reporting by Maria Tsvetkova; writing by Tom Balmforth; editing by Andrew Osborn)

Source: OANN

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‘Matriarch’ author describes touching last moment between George and Barbara Bush

On the anniversary of former First Lady Barbara Bush's death, journalist Susan Page sat down with Fox News's Sandra Smith and detailed one of the last moments shared between Barbara and her husband George.

Page, author of "The Matriarch: Barbara Bush and the Making of an American Dynasty," described how the pair grew over the course of their marriage and shifted from a more "traditional" relationship in which he "called the shots" to one in which they were more like "partners."

Before her death in 2018, Barbara, wasn't so worried about dying as she was leaving her husband of 73 years. Just two days before she died in April, the two sat together in the den of their home in Houston. Page explained how Barbara "said to him 'George, I'm not going to worry about you'; and he said to her, 'Bar, I'm not going to worry about you.'"

"She gave him permission to live, he gave her permission to die — and you know what they did then? They had a drink," Page said on "America's Newsroom."

BARBARA BUSH DIDN'T CONSIDER HERSELF REPUBLICAN, BLAMED TRUMP FOR 'HEART ATTACK,' NEW BOOK SAYS

The feisty grandmother was "consequential," Page said, in both her son George W.'s presidency as well as her husband's. She died at the age of 92 after struggling with multiple health issues.

Bush was known for her tough personality, fighting for expanded literacy, and her battle against the stigma surrounding AIDS. "But I think her legacy is perhaps broader," Page said, "kind of an air of civility, of mutual respect."

"And she would tell you that her grandchildren are her true legacy," Page added. One of Barbara's toughest moments, according to Page, was when her 3-year-old daughter Robin died of cancer.

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"I came to believe, after doing research for this book, that that was the defining moment of her adult life. It left her harder on the outside and softer on the inside," Page said.

"It was a thread that then continued through the rest of her life. It was a touchstone for her as she thought about the big issues of the day."

Source: Fox News Politics

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Cornyn’s team, Patton Oswalt get into heated back-and-forth on Twitter

Sen. John Cornyn, R-Texas's campaign and actor Patton Oswalt got into a heated back-and-forth on Monday after Cornyn's team reposted a string of “offensive” tweets by the 50-year-old.

Oswalt made a brief appearance in a Tuesday video that announced the senatorial bid of Democrat Mary Jennings “MJ” Hegar, a former Air Force helicopter pilot.

MJ Hegar, a former Air Force helicopter pilot declared her intent to run for one of Texas’ Senate seat against Sen. John Cornyn. 

MJ Hegar, a former Air Force helicopter pilot declared her intent to run for one of Texas’ Senate seat against Sen. John Cornyn.  (Campaign website/YouTube)

Team Cornyn, the official Twitter account for Cornyn’s campaign, reposted a string of “offensive” tweets by the 50-year-old actor and questioned why Hegar would associate with Oswalt. Some Twitter users accused the campaign of "pearl clutching."

“Hollywood Hegar supporter and video guest star, Patton Oswalt, has tweeted some offensive comments over the years, reply A or B to let us know which one is more offensive to you,” read one of the tweets from Team Cornyn. The post included a screengrab of Oswalt's old tweets.

TEXAS’ JOHN CORNYN TO FACE AIR FORCE VET MJ HEGAR IN 2020 SENATE RACE

Within hours the tweet received nearly 9,000 comments but only 450 likes. Twitter users mocked Cornyn for his perceived prudishness. Others accused him of hypocrisy for not calling out President Trump for including the “S-word” in a Friday tweet.

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Oswalt weighed in, accusing Cornyn of being “scared s---less” of Hegar, and for not debating her. He later mocked Cornyn for unwittingly promoting Hegar, and pleaded with his campaign to "never stop."

Source: Fox News Politics

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Beijing city targets raising $1.5 billion fund in tech push: sources

FILE PHOTO: A man wearing a mask makes his way at a financial district during a heavily polluted day in Beijing
FILE PHOTO: A man wearing a mask makes his way at a financial district during a heavily polluted day in Beijing, November 30, 2015. REUTERS/Kim Kyung-Hoon

February 26, 2019

By Julie Zhu and Kane Wu

HONG KONG (Reuters) – An investment firm backed by the Beijing city government is in talks with prospective investors to raise over 10 billion yuan ($1.5 billion) in its first fund aimed mainly at cutting-edge tech investments, said two people with direct knowledge.

Beijing Innovation Industry Investment Co’s fundraising move underscores the Chinese capital city’s push to catch up with other cities in the country, most notably Shenzhen, in pursuing innovative technology and industrial upgrading projects.

It comes as China aims to speed up development of its technology sector, including segments such as semiconductors and artificial intelligence, amid a fierce trade stand-off with the United States that has demonstrated the country’s reliance on imported technology.

China’s State Council in 2016 approved a 200 billion yuan venture capital fund https://www.reuters.com/article/china-funds-idUSL3N1AZ1SX, financed by state controlled entities, to invest in new technologies.

Beijing Innovation could not be immediately reached for comment.

It was set up by Beijing’s municipal State-owned Assets Supervision and Administration Commission (SASAC), which oversees the city’s state-owned enterprises, and has been tasked with making investments in new-economy sectors on behalf of the local government.

Beijing Innovation has attracted the local SASAC and several local government-backed companies such as Shenzhen Capital Group, the venture investment vehicle of the Shenzhen government, as investors, according to domestic media reports and public corporate registry filings.

It will look for direct-equity investment opportunities in sectors ranging from information technology and integrated circuits to electric vehicles and new materials, according to domestic media reports.

As a major tech hub in China, Beijing, where ByteDance Technology, one of the world’s most valuable startups, online food delivery-to-ticketing services firm Meituan Dianping and e-commerce firm JD.com are headquartered, has for years lacked a consolidated investment arm under the local government for tech deals.

In contrast, Shenzhen which has bred companies such as online gaming-to-social media giant Tencent Holdings, telecoms equipment maker Huawei Technologies and drone maker DJI, has Shenzhen Capital Group investing in the tech sector for 20 years.

Shenzhen Capital Group has over 333 billion yuan of assets under management, its website shows, and holds a 15 percent stake in Beijing Innovation, according to public disclosures.

(Reporting by Julie Zhu and Kane Wu; Editing by Muralikumar Anantharaman)

Source: OANN

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U.S. Interior chief Bernhardt under inspector general probe

FILE PHOTO: Former energy lobbyist David Bernhardt testifies before a Senate Energy and Natural Resources Committee
FILE PHOTO: Former energy lobbyist David Bernhardt testifies before a Senate Energy and Natural Resources Committee hearing on his nomination of to be Interior secretary, on Capitol Hill in Washington, U.S., March 28, 2019. REUTERS/Yuri Gripas/File Photo

April 15, 2019

By Timothy Gardner

WASHINGTON (Reuters) – The U.S. Interior Department’s inspector general office has opened a probe into recently-confirmed Secretary David Bernhardt on several allegations, including conflict of interest, it said in a letter to lawmakers on Monday.

Mary Kendall, the Interior Department’s deputy inspector general, told Senator Ron Wyden in a letter, a copy of which was seen by Reuters, that it received seven complaints from a “wide assortment of complainants alleging various potential conflict of interest and other violations when he was deputy secretary of the department.”

Kendall said her office had opened an investigation and was continuing to gather information about the complaints. She did not detail the other complaints against Bernhardt, a Republican.

Wyden and Senator Mazie Hirono, both Democrats, had urged the inspector general in separate requests to investigate allegations that Bernhardt had inappropriately blocked a U.S. Fish and Wildlife Service assessment of the effect of pesticides on several endangered species. The service is an office of the Interior Department.

Bernhardt, a former energy lobbyist, was confirmed by the Senate last week in a 56 to 41 vote. He replaced Ryan Zinke who resigned under a cloud of ethics investigations.

Wyden, who had pushed for a delay in Bernhardt’s confirmation vote, had also asked the Department of Justice to investigate whether Bernhardt was in violation of lobbying disclosure laws.

“We now have an Interior Secretary who has been on the job for one full business day and is already under investigation,” Wyden said. “With Bernhardt’s track record and the number of allegations against him, it’s no surprise. At least now, the American people will finally get the answers they deserve.”

Bernhardt’s critics, including environmental groups, have said his previous work as a lobbyist could risk conflicts of interest, unless he recuses himself from certain issues, because he worked for companies that could benefit by opening up lands to development.

The Interior Department, which employs more than 70,000 people and oversees more than 20 percent of the U.S. land surface, has been central to President Donald Trump’s “energy dominance” policy of boosting energy production.

Interior spokeswoman Faith Vander Voort said Bernhardt “is in complete compliance with his ethics agreement and all applicable laws, rules, and regulations.”

Vander Voort also said that the ethics office at the department had already reviewed many of the accusations at Bernhardt’s request and determined that he was in compliance with his ethics agreement and all laws.

(Reporting by Timothy Gardner; Editing by Bill Berkrot)

Source: OANN

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Trump touts tax cut successes in trip to Minnesota, key voting state in 2020 election

President Trump spent his tax filing day in Minnesota, where he touted his $1.5 trillion package of corporate and individual tax cuts he signed into law in 2017 and made a pitch for his 2020 reelection.

Speaking at a trucking company in the Minneapolis suburb of Burnsville on Monday, Trump said he hoped his economic message would be met with enthusiasm from a state that he came within 1.5 percentage points of carrying in 2016.

“We promised that these tax cuts would be rocket fuel to the economy and we were right,” Trump said during a roundtable discussion.

TRUMP HAULS IN $30 MILLION IN FIRST THREE MONTHS OF 2019

In his remarks the president said the economy was doing well and that the recent tax cuts were "working very, very well."

Besides taxes, Trump also argued that his tariffs on imported steel were helping blue-collar workers in Minnesota’s more rural north and leading to a resurgence in the mining industry due to increased demand from domestic steelmakers.

While the trip was billed as a chance to meet with local business leaders on Tax Day, Minnesota likely will play a crucial role in deciding Trump’s chances of winning reelection next fall as well.

Minnesota, which gave the country Vice Presidents Hubert Humphrey and Walter Mondale, both Democrats, hasn't given its 10 electoral votes to a Republican since Richard Nixon in 1972.

The state's Democrats saw a huge overall resurgence during the anti-Trump backlash of 2018, notably in traditionally Republican suburbs of Minneapolis and St. Paul. Giving the president hope is the memory that his popularity outside the Twin Cities area helped the GOP flip two U.S. House seats away from the Democrats last year.

KUDLOW: US ECONOMY HOTTEST IN WORLD

The tax cuts were lambasted on Sunday by Minnesota Sen. Amy Klobuchar, a Democrat in the 2020 White House race, arguing that they added trillions of dollars to the nation's debt and disproportionately helped the wealthy.

"That tax bill was a major missed opportunity," she said. "That tax bill should have been a bill that would have not only brought some taxes down for working people but also could have funded a major infrastructure investment."

So far Trump doesn't appear to be getting much credit for the tax changes. An NBC/Wall Street Journal poll last week showed that most Americans didn't think they even got a tax cut. Just 17 percent of those polled believed their taxes went down.

More evidence came from a report by tax preparer H&R Block on Thursday that said Americans were undergoing a "confusing tax experience" this season. While its customers' overall tax liability fell 24.9 percent in the first year under the new tax law, refunds were roughly flat at just 1.4 percent. While the average filer was better off, it said, they weren't seeing it in their refunds, "which many people think of as their 'bottom line.'"

Federal data also showed a negligible increase in refunds. According to the IRS, as of March 29 the average refund nationally was $2,893, which was just $20 more than at the same point last tax season.

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Further muddling the picture was the federal deduction for state and local taxes being capped at $10,000, which has mattered in high-tax states such as Minnesota, California and New York, among others.

Along with discussions on taxes, trade and the economy, Trump also expressed his shock and sadness for the massive fire that was devastating the Notre Dame Cathedral in Paris – calling the blaze something “that is beyond country, it’s beyond everything.”

“The fire that they’re having at the Notre Dame Cathedral is something like few have witnessed,” he said, adding that the church was “one of the great treasures of the world.”

The Associated Press contributed to this report.

Source: Fox News Politics

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

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Source: InfoWars

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