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China first quarter GDP growth steady at 6.4 percent year-on-year, beats expectations for slowdown

FILE PHOTO: People walk through an overpass near Beijing's central business area
FILE PHOTO: People walk through an overpass near Beijing's central business area, China January 18, 2019. REUTERS/Jason Lee

April 17, 2019

BEIJING (Reuters) – China’s economy grew 6.4 percent in the first quarter from a year earlier, official data showed on Wednesday, above expectations and steady from the previous quarter, helped by sharply higher factory production.

Analysts polled by Reuters had expected growth to slow slightly to 6.3 percent in the January-March quarter, the slowest pace in at least 27 years.

China’s trading partners and investors are closely watching for signs of improvement in its economy amid growing worries about sputtering global growth.

Initial March readings had offered some encouragement that the economy was starting to turn the corner after a rocky start to the year, but analysts say it is too early to call a sustainable turnaround.

(Reporting by Kevin Yao; Writing by Ryan Woo; Editing by Kim Coghill)

Source: OANN

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Athletics: Semenya says ‘no threat’ to women’s sport

Diamond League - Zurich
FILE PHOTO: Athletics - Diamond League - Letzigrund Stadium, Zurich, Switzerland - August 30, 2018 Caster Semenya of South Africa celebrates winning the Women's 800m REUTERS/Moritz Hager

March 27, 2019

CAPE TOWN (Reuters) – Double Olympic 800-meters champion Caster Semenya says she is “no threat” to women’s sport and that recent comments from International Association of Athletics Federations (IAAF) President Sebastian Coe have reopened old wounds.

Semenya is awaiting a Court of Arbitration for Sport verdict on her appeal against an IAAF regulation that says female athletes classed as having differences in sexual development (DSDs) gain an unfair advantage due to their higher testosterone levels, though only in races between 400 and 1,000m.

Under the new rules, athletes classed as having DSDs must reduce their blood testosterone level to below five (5) nmol/L for a continuous period of six months before they can compete. They must then maintain it below that level continuously.

The Court had been due to announce its decision on Tuesday but has postponed it until late April.

Coe told Australia’s Daily Telegraph at the weekend: “The reason we have gender classification is because if you didn’t then no woman would ever win another title or another medal or break another record in our sport.”

In response Semenya, in a statement through her lawyers, said: “The scars Ms Semenya has developed over the past decade run deep.

“Reading the comments of Mr. Coe this weekend opened those old wounds and the reference by the Daily Telegraph (Australia) to ‘the muscle-packed Semenya’ is just the latest illustration of how the issues have been distorted by innuendo.”

The statement continued: “Mr. Coe is wrong to think Ms Semenya is a threat to women’s sport,” calling her a “heroine” and “inspirational role model” to young girls.

Semenya also sought to differentiate her case from those of transgender athletes who were formerly male but have now entered the female sporting arena.

“Ms Semenya is a woman. There is no debate or question about this and the IAAF does not dispute this,” the statement continued.

“She was born a woman, raised a woman, socialized as a woman and has competed as a woman her entire life.

“Mr. Coe may have views about transgender women in sport, but that is a different issue.

“Ms Semenya does not wish to undergo medical intervention to change who she is and how she was born. She wants to compete naturally.”

(Reporting by Nick Said; Editing by Peter Rutherford)

Source: OANN

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Wirecard puts accounting manager on leave until probe ends: CEO

FILE PHOTO: A man walks past the Wirecard booth at the computer games fair Gamescom in Cologne, Germany, August 22, 2018.
FILE PHOTO: A man walks past the Wirecard booth at the computer games fair Gamescom in Cologne, Germany, August 22, 2018. REUTERS/Wolfgang Rattay

March 12, 2019

MUNICH (Reuters) – Wirecard has suspended an accounting employee in Singapore until an investigation into allegations of fraud and creative accounting is over, the company’s chief executive told Reuters on Tuesday.

“The employee has been put on leave until the end of the investigation,” Chief Executive Markus Braun told Reuters, saying the move was a standard procedure.

Singapore police opened inquiries last month following investigative reports by the Financial Times, which cited the preliminary findings of an investigation by law firm Rajah & Tann that found evidence of series offences of forgery and false accounting.

Braun rejected the allegations, saying an internal investigation had found them to be invalid.

“We are very optimistic as far as the outcome of the external investigation is concerned,” he said, adding that he expected the findings to be published soon.

(Reporting by Joern Poltz; Writing by Caroline Copley; Editing by Jan Harvey)

Source: OANN

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McConnell Backs Ambassador to Canada for UN Post

Senate Majority Leader Mitch McConnell, R-Ky., has told the president that his choice for next Ambassador to the United Nations should be Kelly Craft, the U.S. Ambassador to Canada.

Axios reported on Thursday that McConnell spoke to President Donald Trump to recommend Craft, his fellow Kentucky native and the wife of coal CEO Joe Craft, should take up the position. In 2007, Craft was appointed as an alternate delegate to the UN by former President George W. Bush, focusing on U.S. engagement in Africa.

“The Leader has spoken to the president and recommended Kelly Craft for the position," McConnell spokesperson David Popp told Politico.

Trump nominated State Department Spokesperson Heather Nauert to fill the post vacated by Nikki Haley, but Nauert withdrew from consideration in February. Former candidate for Michigan Senate John James also is reportedly in consideration for the post, as is Ambassador to Germany Richard Grenell.

Source: NewsMax Politics

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Japan’s new emperor Naruhito: A cosmopolitan team player

Japan's future new emperor is a musician and historian who is expected to bring a global perspective to an ancient institution when he ascends the Chrysanthemum Throne on May 1.

The 59-year-old Naruhito will be Japan's first emperor to have studied abroad and will enjoy greater liberty in shaping his own role than his father.

Japan's constitution limits the emperor to a symbolic role, and Naruhito is likely to emulate his father, 85-year-old Akihito.

Akihito chose to end his three-decade reign by abdicating April 30.

In an annual news conference ahead of his Feb. 23 birthday, Naruhito said he was open to taking up a new role that "suits the times."

Source: Fox News World

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Remember Solyndra? Loss of taxpayer millions now seems forgotten, expert says

It's been exactly ten years since the Solyndra solar power company accepted a loan of half a billion taxpayer dollars that would never be repaid. Now one industry expert says he's not sure any lessons have been learned in the years since.

On March 20, 2009, then-Secretary of Energy Steven Chu announced Solyndra would be the recipient of a $535 million loan from his department under the Obama administration's revamped loan guarantee program. Solyndra used the money, along with hundreds-of-millions more from private investors, to build a new facility where it would be mass-producing its easy-to-install cylindrical solar "panels." The whole thing lasted about two years.

May 26, 2010: President Obama lifts a solar panel as he tours a Solyndra facility in Fremont, Calif.

May 26, 2010: President Obama lifts a solar panel as he tours a Solyndra facility in Fremont, Calif. (Reuters)

The ill-fated energy company had initially asked President George Bush for cash under the loan guarantee program, which was created to help companies working with clean energy technologies that might be considered too risky for private investors.

But it wasn't until President Obama launched his sweeping stimulus spending plan that Solyndra's application was approved, launching the California company to poster-child status despite what were apparently growing concerns about its long-term (and even short-term) viability.

Those concerns were reportedly being relayed to the White House in the run-up to President Obama's highly publicized visit to Solyndra headquarters, which was scheduled just six months before the 2010 midterm elections. Congressional investigators later uncovered information indicating that Solyndra was planning on laying off some of its employees ahead of the midterms, but waited due to pressure from the White House.

By the end of August 2011, little more than a year after hosting a presidential visit, Solyndra had filed for bankruptcy. And the writing was on the wall much earlier.

In Feburary 2011, the Department of Energy had restructured its loan and included terms that guaranteed private investors would be repaid before the government in the event the company went under.

Adding to the anger among Republicans over what was perceived as a politically-charged loan process was the fact that one of the private investors backing Solyndra was a well-known Obama fundraising bundler, George Kaiser.

"[T]he actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department."

— Inspector General report on Solyndra, 2015

A little more than a week after the company announced it was going bankrupt, the FBI conducted a surprise raid and agents were seen carrying crates upon crates from Solyndra HQ in Fremont, Calif.

A 2015 Inspector General report found that Solyndra had over-inflated the value of some of its contracts, with some clients apparently receiving goods at a discount despite indications they would be paying full price. Some of the clients they had been counting on wound up bailing due to the availability of much cheaper technologies from China.

Either way, the IG report indicates that "the investigative record suggests that the actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department." The IG admits that there were signs the government might have missed some obvious red flags, while critics have argued those red flags were more likely overlooked intentionally.

Sept. 8, 2011: FBI agents stand guard outside of Solyndra headquarters in Fremont, Calif. 

Sept. 8, 2011: FBI agents stand guard outside of Solyndra headquarters in Fremont, Calif.  (AP)

The loan guarantee program that helped Solyndra get off the ground, however briefly, still exists today, and taxpayer dollars are still being shelled out to energy companies of all types. The solar industry itself also doesn't seem to have suffered much, with a recent industry report predicting the number of installed solar projects would more than double by 2021.

Tom Pyle, an energy industry expert who led the Trump presidential transition team on energy, says the program's ongoing existence despite the lessons learned from the Solyndra debacle shows that government has no business backing private energy companies, whether they're solar or not.

"Even though President Trump has submitted very responsible budgets, including eliminating the loan program, Congress continues to fund it... even more generously," Pyle tells Fox News.

And when he considers the prospects of our energy future under proposals like the Green New Deal, Pyle says the lack of knowledge becomes all the more obvious.

"The bottom line is the Green New Dealers want to impose massive government control of our energy resources, and infuse billions of our taxpayer dollars into doubling down on the Solyndras and those projects," Pyle says. "So there aren't lessons being learned here, they're going the opposite way."

Source: Fox News Politics

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Woman used T-shirt gun to launch contraband over Oklahoma prison fence, authorities say

An Oklahoma woman who was released from prison in January was back behind bars this week, accused of using a T-shirt gun to launch contraband over a prison fence.

The suspect, identified as Kerri Jo Hickman, of Oologah, used the device Sunday morning to deliver a package containing cell phones, earbuds, marijuana, tobacco, a digital scale and methamphetamine, authorities said.

FLORIDA MOM, DAUGHTER SENT CONTRABAND TO PRISON VIA DRONE DELIVERY, DEPUTIES SAY

A T-shirt gun was used to shoot contraband over a prison fence, Oklahoma corrections official said.

A T-shirt gun was used to shoot contraband over a prison fence, Oklahoma corrections official said. (Oklahoma Department of Corrections )

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After security officials at the North Fork Correctional Center in Sayre saw the package fly over the fence near an inmate housing unit, prison officials placed the unit on lockdown. A short time later, Oklahoma Highway Patrol officers pulled over Hickman's vehicle not far from the prison and found the T-shirt gun and another plastic package inside her vehicle, KOTV-DT of Tulsa reported.

She was being held in the Beckham County jail on suspicion of introducing contraband into a penal institution, conspiracy and drug trafficking.

The Associated Press contributed to this report. 

Source: Fox News National

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight taxis after landing at Reagan National Airport in Washington
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo

April 26, 2019

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after cancelling 1,200 flights in the first quarter.

The company said it now expects its 2019 adjusted profit to be between $4.00 per share and $6.00 per share.

Analysts on average had expected 2019 earnings of $5.63 per share, according to Refinitiv data.

The No. 1 U.S. airline by passenger traffic said net income rose to $185 million, or 41 cents per share, in the first quarter ended March 31, from $159 million, or 34 cents per share, a year earlier.

Total operating revenue rose 2 percent to $10.58 billion.

(Reporting by Sanjana Shivdas in Bengaluru)

Source: OANN

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2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa
2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa, U.S., April 16, 2019. REUTERS/Elijah Nouvelage

April 26, 2019

By James Oliphant

MARSHALLTOWN, Iowa (Reuters) – Four years ago, Donald Trump campaigned in small towns like Marshalltown, Iowa, vowing to restore economic prosperity to the U.S. heartland.

In his bid to replace Trump in the White House, Pete Buttigieg is taking a similar tack. The difference, he says, is that he can point to a model of success: South Bend, Indiana, the revitalized city where he has been mayor since 2012.

The Democratic presidential contender has vaulted to the congested field’s top tier in recent weeks, drawing media and donor attention for his youth, history-making status as the first openly gay major presidential candidate and a resume that includes military service in Afghanistan.

But Buttigieg’s main argument for his candidacy is that he is a turnaround artist in the mold of Trump, although the Democrat does not expressly invoke the comparison with the Republican president.

“I’m not going around saying we’ve fixed every problem we’ve got,” Buttigieg, 37, said after a house party with voters in Marshalltown. “But I’m proud of what we have done together, and I think it’s a very powerful story.”

Critics argue improving the fortunes of a Midwestern city of 100,000 people does not qualify Buttigieg, who has never held national office, for the presidency of a country of 330 million. Others say South Bend still has pockets of despair and that minorities, in particular, have failed to benefit from its growth.

Buttigieg has told crowds in Iowa and elsewhere that his experience in reviving a struggling Rust Belt community allows him to make a case to voters that other Democratic candidates cannot. That may give him the means to win back some of the disaffected Democratic voters who turned their backs on Hillary Clinton in 2016 to vote for Trump.

Watching Buttigieg at a union hall in Des Moines last week, Rick Ryan, 45, a member of the United Steelworkers, lamented how many of his fellow union workers voted for Trump. The president turned in the best performance by a Republican among union households since Ronald Reagan in 1984.

Ryan said he hoped someone like Buttigieg could return them to the Democratic fold.

“He’s aware of the decline in the labor force in America, not just in Indiana or Des Moines or anywhere else,” Ryan said. “Jobs are going overseas. We need a find to way to bring that back.”

Randy Tucker, 56, of Pleasant Hill, Iowa, a member of the International Brotherhood of Electrical Workers, said Trump appealed to union members “desperate for somebody to reach out to them, to help them, to listen to their voice.”

Buttigieg could do the same, he said. “In my heart right now, he’s No. 1.”

PAST VS. FUTURE

Buttigieg stresses a key difference in his and Trump’s approaches.

Trump, he tells crowds, is mired in the past, promising to rebuild the 20th century industrial economy. Buttigieg argues the pledge is misleading and unrealistic.

Buttigieg says his focus is on the future, and he often talks about what the country might look like decades from now.

“The only way that we can cultivate what makes America great is to look to the future and not be afraid of it,” Buttigieg said in Marshalltown.

Buttigieg knows his sexual preference may be a barrier to winning some blue-collar voters. But he notes that after he came out as gay in 2015, he won a second term as mayor with 80 percent of the vote in conservative Indiana.

Earlier this month, he announced his presidential bid at the hulking plant in South Bend that stopped making Studebaker autos more than 50 years ago. After lying dormant for decades, the building is being transformed into a high-tech hub after Buttigieg and other city leaders realized it would never again attract a large-scale industrial company.

“That building sat as a powerful reminder. We hoped we would get back that major employer that would fix our economy,” said Jeff Rea, president of the regional Chamber of Commerce.

Buttigieg is praised locally for spurring more than $100 million in downtown investment. During his two terms, unemployment has fallen to 4.1 percent from 11.8 percent.

But a study released in 2017 by the nonprofit group Prosperity Now said not all of the city’s residents had shared in its rebound. The median income for African-Americans remained half that of whites, while the unemployment rate for blacks was double.

Regina Williams-Preston, a city councilor running to replace Buttigieg as mayor, credits him for the revitalized downtown. But she said he had a “blind spot” when it came to focusing on troubled neighborhoods like the one she represents and only grew more engaged after community pressure.

“He understands it now,” she said. “The next step is figuring out how to open the doors of opportunity for everyone.”

‘ONE OF US’

Trump touts the fact that the United States added almost 300,000 manufacturing jobs last year as evidence he made good on his promise to restore the industrial sector. But that growth still left the country with fewer manufacturing jobs than in 2008.

The robust U.S. economy is likely the president’s greatest asset in his re-election bid, particularly in states he carried in 2016 such as Iowa, Wisconsin, Michigan and Pennsylvania. He won Buttigieg’s home state by 19 points over Clinton in 2016.

Sean Bagniewski, chairman of the Democratic Party in Polk County, Iowa, said Buttigieg would be well positioned to compete with Trump in the Midwest.

“People love the fact that he’s a mayor,” said Bagniewski, who has not endorsed a candidate in the nominating contest. “If you can talk about a positive future, and if you actually have experience that can do it, that’s a compelling vision in Iowa.”

Nan Whaley, the mayor of Dayton, Ohio, which faces many of the same challenges as South Bend, agreed.

“He’s one of us,” Whaley said. “That helps.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Peter Cooney)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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