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U.S. considering sanctions to restrict Visa, Mastercard in Venezuela: official

FILE PHOTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Lagos
FILE PHOTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Lagos, Nigeria, as part of preparations ahead of the 2018 Pyeongchang Winter Olympic Games, February 1, 2018. REUTERS/Afolabi Sotunde

March 14, 2019

WASHINGTON (Reuters) – The United States is considering imposing financial sanctions that could prohibit Visa, Mastercard and other financial institutions from processing transactions in Venezuela, a senior Trump administration said on Thursday.

The move, which has not been finalized, would be a significant ratcheting up of pressure on the government of President Nicolas Maduro and his supporters.

“The purpose of these sanctions is to continue to deprive the illegitimate Maduro regime of access to funds and deny their ability to continue stealing from the Venezuelan people,” the official said.

(Reporting by Jeff Mason; Editing by Leslie Adler)

Source: OANN

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Citigroup’s institutional clients group CEO James Forese to retire: memo

FILE PHOTO: The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo

April 11, 2019

(Reuters) – James Forese, president and chief executive officer of Citigroup Inc’s institutional clients business, has decided to retire, according to an internal memo seen by Reuters.

This will be the biggest departure from the third-largest U.S. bank’s executive team since former consumer banking head Manuel Medina-Mora left three years ago.

Forese, 55, had told acquaintances that he was frustrated and unhappy, sources told Reuters.

Forese, who began overseeing the business in 2011, is the second-highest paid executive at the bank after Chief Executive Officer Michael Corbat.

He will be succeeded by Paco Ybarra, the global head of markets and securities services. Ybarra had been serving as Forese’s deputy since October 2018, and will take over his role on May 1.

Forese’s unit, which includes treasury services, the investment bank, corporate lending capital markets, delivered 50 percent of revenue and more than two thirds of profit for the bank last year.

His division fell short of annual targets in 2018 and Forese was the only executive on the operating committee not to receive a raise for the year, according a recent filing.

Forese retires after having spent his entire career at the firm. He came to the company through Salomon Brothers, which he joined in 1985, and cut his teeth in the securities trading business, eventually working his way up to become head of the markets division.

(Reporting By Imani Moise and Aparajita Saxena; Editing by Shailesh Kuber)

Source: OANN

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German ministry stands by 'sexist' bike helmet campaign

Germany's transport ministry says it stands by a cycling safety campaign that has drawn accusations of sexism even inside the governing coalition for featuring scantily clad women.

The campaign, launched by the conservative transport minister, aims to persuade young cyclists to wear helmets and uses the English-language slogan: "Looks like s---. But saves my life."

Critics have focused on the models' skimpy clothing. In response, Franziska Giffey, the center-left minister for women, posted a picture of herself on a bike with a helmet and the words: "You can wear a helmet even when you're dressed."

Transport ministry spokeswoman Svenja Friedrich said Monday the campaign was meant to get attention and also features male models. She said: "We can absolutely understand the criticism from various sides, but we still stand by the images."

Source: Fox News World

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Paul Ryan on advice to AOC: ‘I don’t think she really listened to a thing I said’

In an interview Tuesday night at an event in his home state, Wisconsin, former House speaker Paul Ryan told attendees he offered New York Democrat Rep. Alexandria Ocasio-Cortez some pointers for life in Congress as a young freshman representative -- and insisted that she didn't appear to listen to "a thing" he said.

Ryan, addressing several hundred members of the business and civic organization Forward Jainesville, began by reflecting on his election at age 28 to the House in 1998. Ryan opted not to run for re-election in 2018, and now serves on the board of the Fox Corporation, which owns the Fox News Channel.

"It was different then," Ryan said, noting that only one other member of Congress was, like him, in his 20s. "Everybody else was like, 15, 20 years older than us. So, we were sort of the beginning of that trend of younger people coming. For a while, they stopped me from coming on the [House] floor because they thought I was a staffer."

Ryan said with youth came "energy" and the chance to make a real difference -- but he also discussed some of the possible pitfalls.

FEC COMPLAINT ACCUSES OCASIO-CORTEZ OF ORGANIZING 'SUBSIDY SCHEME'

"The best advice that I gave myself -- that my mom gave me, that others gave me -- was, you got two ears and one mouth, use it in that proportion," Ryan said. "You come in ready to go, but you have to know that you don't know everything. There's a lot you can learn from, listen and apply."

Prompted by a moderator's question, Ryan added: "Actually, I talked to AOC -- AOC, everybody calls her AOC. She's a year older than when I came in -- she's the youngest person now there. I gave her just a few little tips on just being a good member of Congress, new. I don't think she really listened to a thing I said," Ryan said as the audience laughed.

"Take it easy, just watch things for a while, don't ruffle any — see how it works first," he said, recounting his advice.

Ocasio-Cortez has emerged as one of the most vocal members of a Democratic freshman class in the House that includes some other prominent names -- including Michigan Rep. Rashida Tlaib (who has vowed, sometimes using colorful language, to impeach President Trump) and Minnesota Rep. Ilhan Omar (whose repeated use of tropes called anti-Semitic has prompted rebukes from her own party).

From her sweeping environmental and social proposal called the Green New Deal, which some estimates say could cost more than $90 trillion, to her public spats with everyone from Republican Wyoming Rep. Liz Cheney to Trump and the White House, Ocasio-Cortez has made clear she has no plans to lie low -- even telling critics in February, "I'm the boss."

"I don't think she really listened to a thing I said."

— Former House Speaker Paul Ryan, on AOC

On Wednesday, Trump fired back, deriding Ocasio-Cortez as a "young bartender, 29 years old," and mocking senior Democrats for being "petrified" of her political clout.

"The Green New Deal. The first time I heard it, I said, 'That’s the craziest thing,'" Trump told House GOP lawmakers. "You have senators that are professionals, that you guys know, that have been there for a long time ... and they’re standing behind her shaking. They’re petrified of her."

Ocasio-Cortez worked as a bartender and political organizer in New York City before unseating incumbent U.S. Rep. Joe Crowley in a Democratic primary last year.

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For Ryan, though, age may not be the best line of attack for Republicans hoping to minimize Ocasio-Cortez's influence.

"A wave of young people started coming in more and more" starting in the early 2000s, Ryan said. "I think it's fantastic."

Source: Fox News Politics

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Alan García, ex-Peruvian president, dies at 69

Alan García, a former Peruvian president whose first term in the 1980s was marred by financial chaos and rebel violence, and who was recently targeted in Latin America's biggest corruption scandal, died on Wednesday at the age of 69.

President Martin Vizcarra announced on Twitter that García died after undergoing emergency surgery for a bullet wound hours earlier.

García shot himself before being detained by police amid allegations he received illegal payments from Brazilian construction giant Odebrecht after Peruvians voted him back into the presidency for a second term in 2006.

A lifelong politician, García's career was marked by epic triumphs and setbacks, a rollercoaster of a public life fueled by his charisma.

He was "condemned to become president again and again," a former president, Fernando Belaunde, once said.

Source: Fox News World

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McConnell gets emotional on Senate floor saying farewell to longtime staffer

Sen. Mitch McConnel, R-Ky., generally is not known for getting emotional, but on Thursday the normally taciturn Senate majority leader choked up as he said farewell to his longtime spokesman.

Speaking on the Senate floor, McConnell was praising his departing spokesman and former deputy chief of staff Don Stewart – who is leaving for a job as executive vice president of public affairs at the Association of Global Automakers – when he became weepy.

“For more than 12 years I entrusted Stew with my words and my goals and my reputation and he’s never let me down,” McConnell said as his voice began to quaver. “He never flagged, he never slowed.”

MCCONNELL: ENOUGH SENATE VOTES TO REJECT TRUMP'S WALL MOVE 

After a long pause to gather himself, McConnell continued, saying that “Stew” was “totally trustworthy, completely reliable, unbelievably competent.”

He added that Stewart was “the greatest luxury a leader could have.”

Stewart, who previously worked on the staffs of Sen. John Cornyn, R-Texas, and former Sens. Paul Coverdell, R-Ga., and Phil Gramm, R-Texas, before joining McConnell’s team, will oversee the Association of Global Automakers’ government affairs and communications activities.

“I am excited to join such a vibrant, innovative, and globally competitive industry, particularly one focused on increasing jobs and opportunities across our country,” Stewart said in a statement. “I look forward to expanding and integrating Global Automakers engagement in Washington and across the country.”

CLICK HERE TO GET THE FOX NEWS APP

Despite his reputation for stoicism, this is not the first time McConnell has shown his emotions when saying goodbye to a longtime staffer.

In 2010, the Kentucky Republican broke down in tears on the Senate floor when speaking about his departing chief of staff Kyle Simmons.

“Now that he's leaving, I'm just as confident that our office will carry on just as it always has because he leaves a fantastic team behind,” McConnell said, according to the CNN.  “He's made the right decision, as he usually does," but he "leaves behind an office and a boss that will miss him terribly."

Source: Fox News Politics

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JPMorgan shuffles CFO and card services executives

FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo

April 17, 2019

NEW YORK (Reuters) – JPMorgan Chase & Co switched roles for two women executives on Wednesday, putting Chief Financial Officer Marianne Lake in charge of consumer lending and naming card services chief Jenn Piepszak to take Lake’s place.

The moves were announced in an internal memo from Chief Executive Officer Jamie Dimon and the bank’s two co-presidents.

Both women are 49 and the changes are effective on May 1.

Dimon has a practice of moving executives into different positions to broaden their experience in the bank.

(Reporting by David Henry in New York; editing by Grant McCool)

Source: OANN

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Sri Lanka's former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake
Sri Lanka’s former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake, Sri Lanka April 12, 2019. REUTERS/Dinuka Liyanawatte

April 26, 2019

By Sanjeev Miglani and Shihar Aneez

COLOMBO (Reuters) – Sri Lanka’s former wartime defense chief, Gotabaya Rajapaksa, said on Friday he would run for president in elections this year and would stop the spread of Islamist extremism by rebuilding the intelligence service and surveilling citizens.

Gotabaya, as he is popularly known, is the younger brother of former President Mahinda Rajapaksa and the two led the country to a crushing defeat of separatist Tamil rebels a decade ago after a 26-year civil war.

More than 250 people were killed in bomb attacks on hotels and churches on Easter Sunday that the government has blamed on Islamist militants and that Islamic State has claimed responsibility for.

Gotabaya said the attacks could have been prevented if the island’s current government had not dismantled the intelligence network and extensive surveillance capabilities that he built up during the war and later on.

“Because the government was not prepared, that’s why you see a panic situation,” he said in an interview with Reuters.

Gotabaya said he would be a candidate “100 percent”, firming up months of speculation that he plans to run in the elections, which are due by December.

He was critical of the government’s response to the bombings. Since the attacks, the government has struggled to provide clear information about how they were staged, who was behind them and how serious the threat is from Islamic State to the country.

“Various people are blaming various people, not giving exactly the details as to what happened, even people expect the names, what organization did this, and how they came up to this level, that explanation was not given,” he said.

On Friday, President Maithripala Sirisena said the government led by premier Ranil Wickremesinghe should take responsibility for the attacks and that prior information warning of attacks was not shared with him.

Wickremesinghe said earlier he was not advised about warnings that came from India’s spy service either, presenting a picture of a government still in disarray since the two leaders fell out last October.

Gotabaya is facing lawsuits in the United States, where he is a dual citizen, over his role in the war and afterwards.

The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.

In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.

Gotabaya said the cases were baseless and only a “little distraction” as he prepared for the election campaign. He said he had asked U.S. authorities to renounce his citizenship and that process was nearly done, clearing the way for his candidature.

‘DISMANTLE THE NETWORKS’

He said that if he won, his immediate focus would to be tackle the threat from radical Islam and to rebuild the security set-up.

“It’s a serious problem, you have to go deep into the groups, dismantle the networks,” he said, adding he would give the military a mandate to collect intelligence from the ground and to mount surveillance of groups turning to extremism.

Gotabaya said that a military intelligence cell he had set up in 2011 of 5,000 people, some of them with Arabic language skills and that was tracking the bent towards extremist ideology some of the Islamist groups were taking in eastern Sri Lanka was disbanded by the current government.

“They did not give priority to national security, there was a mix-up. They were talking about ethnic reconciliation, then they were talking about human rights issues, they were talking about individual freedoms,” he said.

President Sirisena’s government sought to forge reconciliation with minority Tamils and close the wounds of the war and launched investigations into allegations of rights abuse and torture against military officers.

Officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings.

Muslims make up nearly 10 percent of Sri Lanka’s population of 22 million, which is predominantly Buddhist.

(Reporting by Sanjeev Miglani; Editing by Frances Kerry)

Source: OANN

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FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid

April 26, 2019

NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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In response to the news that the U.S. economy rose 3.2 percent in the first quarter of 2019, White House National Economic Council Director Larry Kudlow said that this “prosperity cycle” will continue if President Trump‘s policies stay in place.

Calling the advance in gross domestic product a “blow-out number,” Kudlow told “America’s Newsroom” Friday that it serves as concrete proof Trump’s measures to grow the economy have been successful.

“I’ll just say, Trump’s policies to rebuild the economy, lower taxes, regulations, opening energy, trade reform. Look, this stuff is working,” he said.

“It tells me, among other things, that the prosperity cycle we have entered into is continuing, it is strong. It has legs and momentum and frankly it is going to go on for quite some time,” he continued. “This is the new Trump economy. Some people don’t like that or they don’t agree with that. I respect the differences but I’ll tell you it’s working.”

STUART VARNEY: THANKS TO TRUMP, AMERICANS ARE FEELING BETTER ABOUT THEIR FINANCES

39 MILLION ADULTS CANNOT AFFORD A SUMMER VACATION

Kudlow added that Trump has “ended the war” on business and success, and is rallying for the small business owners of America.

“The president is rebuilding incentives, he is rebuilding confidence, he the rebuilding optimism,” he said. “He is basically saying you should keep more of what you earn. He is basically saying to small businesses we’ll cut the paperwork back and make it easier for you to start a business and prosper.”

CLICK HERE TO GET THE FOX NEWS APP

Kudlow said the Trump administration is also working with House Speaker Nancy Pelosi and other Democratic leaders to implement bipartisan deals to ensure the continuation of the GDP’s success.

“If the policies and the principles remain in place — and I believe they will — then I believe this new prosperity expansion cycle is going to go on for a whole bunch of more years,” he said.

Source: Fox News Politics

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Tennis - Australian Open - Women's Singles Final
FILE PHOTO: Tennis – Australian Open – Women’s Singles Final – Melbourne Park, Melbourne, Australia, January 26, 2019. Japan’s Naomi Osaka attends a news conference after winning her match against Czech Republic’s Petra Kvitova. REUTERS/Adnan Abidi

April 26, 2019

(Reuters) – World number one Naomi Osaka came from behind in the final set to beat Croatian Donna Vekic 6-3 4-6 7-6(4) on Friday and move into the Porsche Tennis Grand Prix semi-finals.

Osaka comfortably won the opening set but was tested by the Croatian, who pushed her to the limit in the second and third. The Japanese made 45 unforced errors as she struggles to get to grips with swapping hard courts for clay.

Osaka was visibly frustrated and trailed 5-1 in the final set but she refused to give up and found her rhythm to break Vekic twice and prevent her from serving for the match.

In the tiebreaker, a confident Osaka upped her baseline game and had two early mini breaks before wrapping up the match in two hours and 18 minutes. An infuriated Vekic even smashed her racket after losing the match.

“I told myself I didn’t want to have any regrets here,” Osaka said. “I was stressed out when I went down 1-5… but this (comeback) was pretty good because I don’t play really well on clay.”

Earlier, world number three Petra Kvitova came back from a set down to beat Anastasija Sevastova 2-6 6-2 6-3 and move into the tournament’s semi-finals for the third time in her career.

Sevastova had a dream start, breaking Kvitova twice to take a 3-0 lead as the Czech struggled with her first serve. Kvitova also made a slew of unforced errors, with many of her returns going long.

Sevastova used the full width of the court to get the better of Kvitova, who played on the back foot for much of the first set as the Latvian gave her little time to catch her breath.

However, Kvitova recovered in the second set and she broke Sevastova’s serve when she was 3-2 up, winning 10 straight points to take a 5-2 lead. Sevastova looked shaken and was broken again to give Kvitova the second set.

Kvitova took command in the final set and broke a visibly upset Sevastova to take a 3-1 lead before easing into the semis.

“In the first set I missed almost everything. I was pretty slow and she just couldn’t miss,” Kvitova said. “In the second set it was very important for me to stay on my serve and the chance to break her came.”

Kiki Bertens plays Angelique Kerber later on Friday and Victoria Azarenka faces Anett Kontaveit in the last quarter-final.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

Source: OANN

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President Donald Trump says he feels “young” and “vibrant” at age 72 and thinks he can beat 76-year-old Joe Biden “easily.”

A reporter asked Trump at the White House on Friday how old is too old to be president of the United States.

Trump said: “I just feel like a young man. I’m so young. I can’t believe it. … I’m a young vibrant man.”

Then he smiled and said he’s not sure about Democratic presidential contender Biden, the second-oldest contender in the race behind Bernie Sanders.

Trump said: “I look at Joe. I don’t know about him.”

Biden, in an interview on ABC’s “The View,” joked in response that if Trump “looks young and vibrant compared to me, I should probably go home.”

Source: NewsMax Politics

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