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Facebook vows to block foreign ad-buying during Australia’s election

FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in front of displayed cables in this illustration in Zenica
FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in front of displayed cables in this illustration in Zenica, Bosnia and Herzegovina May 13, 2015. REUTERS/Dado Ruvic/File Photo

April 4, 2019

SYDNEY (Reuters) – Social media giant Facebook Inc said on Friday it would block electoral advertisements purchased outside Australia from being displayed there ahead of a national election due in May.

“Combating foreign interference is a key pillar of our approach to safeguarding elections on our platform,” Facebook Director of Policy for Australia and New Zealand, Mia Garlick, said in a statement. “We’re temporarily not allowing electoral ads purchased from outside Australia ahead of the election in May.”

Facebook and Alphabet Inc’s Google have been facing political and regulatory scrutiny in Australia and around the world as lawmakers wrestle with the large and growing influence of the powerful online platforms in public life.

Australia on Thursday passed new laws allowing big fines for social media firms if violent content is not removed quickly, a move in response to a lone gunman live streaming his attack on two mosques in Christchurch last month.

Australia’s Prime Minister Scott Morrison is expected to imminently call a general election due by the end of next month.

(Reporting by Tom Westbrook; Editing by David Gregorio)

Source: OANN

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The Latest: Venezuela’s Guaidó recognizes risk of arrest

The Latest on Venezuela's Crisis (all times local):

10:10 p.m.

Venezuelan opposition leader Juan Guaidó says he knows he runs the risk of being arrested for pushing to oust President Nicolas Maduro.

But a defiant Guaidó said Tuesday that he is undeterred. The 35-year-old opposition leader spoke publicly moments after an assembly loyal to Maduro stripped him of his immunity from prosecution.

The move by the National Constituent Assembly paves the way for his prosecution and potential arrest for supposedly violating the constitution when he declared himself interim president.

Guaidó has backing from more than 50 nations, including the United States, which reject Maduro as illegitimately elected.

Maduro blames Washington for trying to install a puppet government to seize Venezuela's vast oil reserves.

___

8 p.m.

Maduro loyalists stripped Venezuela's Juan Guaidó of immunity Tuesday, paving the way for the opposition leader's prosecution and potential arrest for supposedly violating the constitution when he declared himself interim president.

But whether the government of President Nicolas Maduro will take action against the 35-year-old lawmaker remains unclear. Guaidó has embarked on an international campaign to topple the president's socialist administration amid deepening social unrest in the country plagued by nearly a month of power outages.

He declared himself Venezuela's interim president in January, and vowed to overthrow Maduro. So far, however, Maduro has avoided jailing the man that the administration of U.S. President Donald Trump and roughly 50 other nations recognize as Venezuela's legitimate leader.

The Trump administration has threatened the Maduro government with a strong response if Guaido is harmed and Florida Senator Marco Rubio — who has Trump's ear on Venezuela policy — said before the vote that nations recognizing Guaidó as his country's legitimate leader should take any attempt by Maduro's government to "abduct" him as a coup.

"And anyone who cooperates with this should be treated as a coup plotter & dealt with accordingly," Rubio said on Twitter.

Source: Fox News World

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Under pressure, Britain’s May scrambles to win support for Brexit deal

Britain's Prime Minister Theresa May and her husband Philip arrive at church in Sonning
Britain's Prime Minister Theresa May and her husband Philip arrive at church in Sonning, Britain March 17, 2019. REUTERS/Henry Nicholls

March 17, 2019

By Elizabeth Piper and Kate Holton

LONDON (Reuters) – British Prime Minister Theresa May’s government was scrambling on Sunday to get support in parliament for her Brexit deal at the third time of asking, aiming to persuade doubters with threats and promises to avoid any move to oust her.

After parliament backed a move to delay Brexit, May still has only three days to win approval for her deal to leave the European Union if she wants to go to a summit with the bloc’s leaders on Thursday with something to offer them in return for more time.

Stepping up the pressure on the prime minister, Jeremy Corbyn, leader of the main opposition Labour Party, said he could trigger another confidence vote in May’s government if she fails again to get her deal approved by parliament.

Almost three years since Britain voted to leave the EU in a referendum, the country is no clearer about how and when it will leave the bloc, with several outcomes possible, from exiting without a deal to Brexit never happening at all.

May’s warning that if parliament again votes against her deal — which has already been crushed twice by lawmakers — that Britain could face a long delay and would need to take part in European elections in May seemed to be winning some over.

But her finance minister, Philip Hammond, said she was not in the clear yet.

“What has happened … is that a significant number of colleagues … have changed their view on this and decided that the alternatives are so unpalatable to them that they on reflection think the prime minister’s deal is the best way to deliver Brexit,” he told BBC’s Andrew Marr program.

Asked if the government had enough numbers yet, he replied: “Not yet, it is a work in progress.”

Many Brexit supporters in May’s Conservative Party say the key to whether they will back her deal is the agreement of the Northern Irish Democratic Unionist Party (DUP), which props up the prime minister’s minority government in parliament.

May needs 75 lawmakers to change their vote after it was crushed first in January by 230 lawmakers and then by 149 on March 12.

The DUP’s 10 lawmakers could sway a large segment of a pro-Brexit Conservative grouping, several lawmakers say, but even then, she would still probably also have to get some Labour lawmakers on board as well.

NO MONEY

Hammond said talks were continuing with the DUP to find ways of reassuring the party that any future border arrangements with EU member Ireland would not mean that Northern Ireland might be split away from the rest of Britain.

He denied the government would offer the DUP money to back the deal.

Until it is clear that the support is there, trade minister Liam Fox said, the government will not have the vote, which is widely expected to be held on Tuesday.

“It would be difficult to justify having a vote if we knew we were going to lose it,” Fox told Sky News.

With a threat that will no doubt focus ministers’ minds, Corbyn said he would try to force a confidence vote against the government if the prime minister failed to win approval for it and tried to further run “down the clock”.

“I think at that point a confidence motion would be appropriate. At that point we should say there has to be a general election,” he said.

There were signs that some Brexit supporters were shifting their views, fearful that if the deal failed, Brexit would never take place.

“The choice before us is this deal or no Brexit whatsoever and to not have Brexit would go against the democratic vote of the people,” said Esther McVey, a Brexit supporter who resigned from May’s government last year in protest against May’s deal.

“We’re going to have to hold our nose and vote for it.”

(Writing by Elizabeth Piper)

Source: OANN

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With ‘pop-ups’ and menswear, Vuitton aims to keep luxury crown

FILE PHOTO: Woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna
FILE PHOTO: A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner

April 11, 2019

By Sarah White and Pascale Denis

PARIS (Reuters) – From New York’s Fifth Avenue to Paris’ Place Vendome, Louis Vuitton sells its handbags at some of the world’s swankiest locations – but the brand is increasingly betting on “pop-ups” in off-beat spots as one way to keep shoppers hooked.

The label, which drives the bulk of sales and profits at French luxury group LVMH, plans to hold 100 temporary events to sell its wares this year, up from 80 last year, the conglomerate’s financial director said on Thursday.

“This is the privileged way and the main way to drive innovation,” Jean-Jacques Guiony told analysts after the conglomerate posted a pick-up in first-quarter sales, beating analyst forecasts.

“This trend in pop-up stores is extremely important, and we will continue to develop that because it enables us to be talking in a different way to our clients … important and it adds flexibility with our network.”

Vuitton’s retail shake-up comes as luxury brands experiment with ways to attract younger shoppers, who are increasingly propelling sales growth in a sector that has long been notoriously rigid in its approach, and slow to move into selling online for instance.

At the lower-end of the fashion scale, high street labels like H&M are grappling with shifting shopping habits, albeit often taking a different tack, such as sprucing up cluttered stores with a more luxurious feel.

At Vuitton, recent “pop-ups” include one in London’s exclusive Mayfair neighborhood to highlight its menswear line, with a Wizard of Oz themed space featuring a yellow brick road staircase, and which shoppers had to book tickets to attend.

With revenues of over 10 billion euros ($11.27 billion), Louis Vuitton is the world’s biggest luxury brand by sales, with privately-owned Chanel clipping at its heels, and Kering’s star brand Gucci on a mission to overtake it.

In its bid to stay ahead, Vuitton has also invested in new designers, betting on Virgil Abloh, a DJ and founder of high-end streetwear label Off-White, to help jazz up its mens’ clothing lines.

LVMH, which is notoriously tight-lipped about Vuitton’s performance, said on Thursday that the sales’ growth rate in men’s and womenswear was at a “very, very high level” in the first quarter.

“It’s a small part of Vuitton’s total business but it creates a lot of buzz and is important to drive store traffic and to help Vuitton sell more accessories,” RBC Capital Markets analyst Rogerio Fujimori said of the men’s collections.

Clothing only represents around 5 percent of the brand’s sales, the brokerage estimates, with three quarters of revenues coming from high-margin handbags and luggage. ($1 = 0.8875 euros)

(Reporting by Sarah White and Pascale Denis)

Source: OANN

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Sanders nabs top spot in new Dems poll as Pete Buttigieg gains momentum

A new poll released Monday has Sen. Bernie Sanders, I-Vt., leading the 2020 Democratic presidential field, ahead of former Vice President Joe Biden, former Texas Rep. Beto O’Rourke, Sen. Kamala Harris of California and more than a dozen other potential White House challengers.

The poll, which was conducted by Emerson Polling, puts Sanders atop the already crowded Democratic field with 29 percent, followed by Biden – who has yet to declare his candidacy -- with 24 percent and a surging South Bend, Ind. Mayor Pete Buttigieg rounding off the top three with nine percent.

O’Rourke and Harris garnered eight percent, while Sen. Elizabeth Warren, D-Mass., pulled in seven percent.

WHAT TO KNOW ABOUT BERNIE SANDERS' FOX NEWS TOWN HALL 

The polling indicates that Sanders, who will appear Monday evening at a Fox News Town Hall, has a broader appeal than just his Democratic Socialist base and that his message about trade, unions, working families and health care is resonating with Democratic voters. Last week, Sanders launched a revamped “Medicare for All” plan that would replace job-based and individual private health insurance with a government-run plan that guarantees coverage for all with no premiums, deductibles and only minimal copays for certain services. In this latest version, Sanders added coverage for long-term care.

Besides Sanders plucking the top spot in the poll, the other big news from the Emerson survey was the rise of Pete Buttigieg. Affectionately known to his fans as Mayor Pete, the poll is another piece of good news for the once thought-to-be longshot candidate who officially declared his White House intentions on Sunday.

PETE BUTTIGIEG FORMALLY ANNOUNCES 2020 PRESIDENTIAL RUN

Within hours of announcing his candidacy, Buttigieg’s campaign tweeted that it had received $1 million in grassroots donations.

In a speech announcing his run, Buttigieg highlighted both his progressive values and Midwestern upbringing.

"I ran for mayor in 2011 knowing that nothing like Studebaker would ever come back—but believing that we would, our city would, if we had the courage to reimagine our future," Buttigieg said in a speech inside South Bend's Studebaker auto plant. "And now, I can confidently say that South Bend is back."

CLICK HERE TO GET THE FOX NEWS APP

He added: "There’s a long way for us to go. Life here is far from perfect. But, we’ve changed our trajectory, and shown a path forward for communities like ours."

The 37-year-old Afghanistan War veteran, who has been exploring a White House run since January, now joins the field of a dozen-plus rivals and one that is likely to reach 20 or more.

Source: Fox News Politics

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UN urged to declare Venezuela a humanitarian emergency

Human Rights Watch and public health researchers from Johns Hopkins School of Medicine are urging the United Nations to declare the situation in Venezuela "a complex humanitarian emergency that poses a serious risk to the region."

They appealed to the Security Council ahead of its meeting Wednesday on Venezuela's humanitarian crisis to ask Secretary-General Antonio Guterres to make a declaration because their research shows severe medicine and food shortages in Venezuela, and disease spreading across its borders.

Dr. Kathleen Page of Johns Hopkins says Guterres "should ring the alarm bell and demonstrate leadership by ensuring that the U.N.'s vast resources can be mobilized for the Venezuelan people in a way that is neutral, independent, and impartial."

Source: Fox News World

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Alva Johnson speaks out in tearful interview about her claim Trump 'forcibly kissed' her

Former Trump campaign staffer Alva Johnson broke down in tears Tuesday night while explaining her accusations that President Trump “forcibly kissed” her during the 2016 election.

Johnson, who has filed a lawsuit against the president, told MSNBC she'd joined the Trump campaign because she believed the White House needed a “businessman” despite thinking he “didn’t have a chance of winning.” She described her role as an “outreach” director in Alabama, where she organized “one of the largest rallies” at the time with then-Sen. Jeff Sessions in attendance.

Johnson said in August 2016, she briefly interacted with then-candidate Trump on an RV during a campaign stop in Florida. Before he stepped off the bus to speak with campaign interns, she told him to “go kick ass” and said she hadn’t seen her family in a very long time. And, after he told her he wouldn’t “let you down,” Johnson said Trump held her hand and began getting closer.

“I just had a lot of internal dialogue. I’m like, ‘okay, is he gonna hug me?’ And then he keeps coming closer. And I’m like, ‘is he gonna hug me?’ I’m like, ‘oh my God, I think he’s going to kiss me’ because he was coming directly towards my face,’” Johnson told MSNBC host Chris Hayes.

The former campaign staffer then said once she realized Trump was going to kiss her, she turned her head, which left his lips touching the corner of her mouth.

Alva Johnson spoke out in a tearful interview.

Alva Johnson spoke out in a tearful interview. (Erica Aitken Photography (www.myatlantaphotographer.com))

“I was just kinda frozen. I didn’t know how to process it. I knew it was inappropriate because I worked in human resources. So I knew that it was completely inappropriate,” Johnson continued. “It was gross and creepy. Like I could sometimes still see those lips.”

LIBERAL 9TH CIRCUIT GETS TRUMP-BACKED JUDGE AFTER WHITE HOUSE BYPASSES CONSULTATION WITH DEMS

“This accusation is absurd on its face. This never happened and is directly contradicted by multiple highly credible eye witness accounts,” White House Press Secretary Sarah Sanders said Monday.

Johnson rejected Florida Attorney General Pam Bondi’s denial that she witnessed the alleged interaction after naming her as one of two witnesses, insisting Bondi’s statement was “not true.”

Following the alleged interaction, Johnson said she “pushed it” in the back of her mind and continued doing her job, but it wasn’t until the October 2016 release of the “Access Hollywood” tape that prompted her to leave the campaign. “When I heard the audio, I was, like, screaming in my car. I’m like, ‘oh my God, that’s exactly what he did to me.’ Like, he literally described exactly what he did to me, minus the grab the ‘P,’” Johnson said.

She told Hayes she was “afraid” to tell the campaign why she was leaving and that she sought a lawyer as other women came forward with allegations against Trump, but “for business reasons” didn’t carry on with her case.

When asked why she waited so long to bring the lawsuit and for offering praise for the president in 2017 as well as applying for a position at the White House, Johnson pointed to a nondisclosure agreement she signed, which she claimed made it feel like her “vocal cords had been clipped for years.”

CLICK HERE TO GET THE FOX NEWS APP

Johnson started getting tearful while describing the “guilt” she felt after the 2017 protest violence in Charlottesville, Va., and the separations of migrant families last year.

“Then you have him mocking women with the #MeToo movement, making fun of them and for me, I’m sitting there and I’m like, this is exactly what you did to me, and I don’t want to keep my mouth shut,” an emotional Johnson told Hayes.

Fox News' Jennifer Bowman contributed to this report.

Source: Fox News Politics

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

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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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