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AI must be accountable, says EU as sets ethical guidelines

FILE PHOTO: An activist from the Campaign to Stop Killer Robots, a coalition of non-governmental organisations opposing lethal autonomous weapons or so-called 'killer robots', protests at Brandenburg Gate in Berlin
FILE PHOTO: An activist from the Campaign to Stop Killer Robots, a coalition of non-governmental organisations opposing lethal autonomous weapons or so-called 'killer robots', protests at Brandenburg Gate in Berlin, Germany, March, 21, 2019. REUTERS/Annegret Hilse/File Photo

April 8, 2019

By Foo Yun Chee

BRUSSELS (Reuters) – Companies working with artificial intelligence need to install accountability mechanisms to prevent it being misused, the European Commission said on Monday, under new ethical guidelines for a technology open to abuse by authoritarian regimes.

AI projects should be transparent, have human oversight and secure and reliable algorithms and be subject to privacy and data protection rules, the commission said, among other recommendations.

The EU initiative taps in to a global debate about when or whether companies should put ethical concerns before business interests, and how tough a line regulators can afford to take on new projects without risking killing off innovation.

“The ethical dimension of AI is not a luxury feature or an add-on. It is only with trust that our society can fully benefit from technologies,” Commission digital chief Andrus Ansip said in a statement.

AI can help detect fraud and cybersecurity threats, improve healthcare and financial risk management and tackle climate change.

But it can also be used to support unscrupulous business practices and authoritarian governments.

The EU executive last year enlisted the help of 52 experts from academia, industry bodies and companies including Google, SAP, Santander and Bayer to help it draft the principles.

Companies and organizations can sign up to a pilot phase in June, after which the experts will review the results and the Commission decide on the next steps.

IBM Europe Chairman Martin Jetter said guidelines “set a global standard for efforts to advance AI that is ethical and responsible.”

(Reporting by Foo Yun Chee; editing by John Stonestreet)

Source: OANN

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German Bund yield crashes below zero for first time since 2016 as bleak data rattles markets

The German share price index DAX graph at the stock exchange in Frankfurt
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 12, 2019. REUTERS/Staff

March 22, 2019

By Virginia Furness and Dhara Ranasinghe

LONDON (Reuters) – Germany’s 10-year bond yield dived below zero percent on Friday for the first time since October 2016, as a survey showing German manufacturing contracted for a third straight month fueled fears about a widespread European slowdown.

Those concerns were exacerbated when the U.S. manufacturing sector flash Purchasing Managers’ Index (PMI) came in below estimates, triggering an inversion of the U.S. bond yield curve for the first time since 2007.

In a session of eye-popping moves across major bond markets, Germany’s 10-year bond yield slid over 6 basis points to minus 0.032 percent, its lowest since October 2016.

French and Dutch long-dated bond yields hit their lowest since 2016, British gilt yields fell to their lowest since September 2017 and the 10-year U.S. Treasury yields slid 10 bps to 14-month lows.

“We had tentative signs of a stabilization in the economic numbers and then the data came out today and it suggested there is no stabilization,” said Peter Schaffrik, global macro strategist at RBC Capital Markets in London.

IHS Markit’s flash composite Purchasing Managers’ Index measuring activity in German services and manufacturing, which together account for more than two-thirds of the economy, fell to 51.5 in March, its lowest reading since June 2013.

The broader euro zone PMI meanwhile showed that businesses across the 19-country currency bloc have performed much worse than expected this month.

“The narrative behind it isn’t a big surprise … But the size of the surprise is fairly material. These things happen very rarely, and the surprise is what matters the most for market activity,” said Antoine Bouvet, rates strategist at Mizuho.

The bleak data comes after the U.S. Federal Reserve this week abandoned its projections for a rate hike this year and as Brexit uncertainty has grown, bolstering demand for safe-haven assets.

The ripple effects were felt across markets.

The euro fell 0.9 percent to below $1.13, while Europe’s STOXX 600 index tumbled 1 percent. Italian bond yields rose as a “risk-off” mood gripped investors.

In a worrying sign for the European Central Bank, its favored market gauge of long-term inflation expectations fell to 1.4169 — down almost 6 bps from Thursday’s closing levels to its lowest since 2016.

HOW LOW?

Concern about growing recession risks was highlighted by the move in the U.S. bond yield curve. The gap between three-month Treasury bills and 10-year note yields inverted on Friday for the first time since 2007.

In France and Germany, 30-year bond yields slid almost 10 bps each as investors moved up the government bond curve in the hope of getting some yield. They were set for their biggest daily falls since 2016.

Germany’s 10-year yield last hit zero percent on Oct. 21, 2016, when ECB chief Mario Draghi dispelled market concerns about tapering and said the ECB remained committed to its now-ended asset purchase program. Bund yields below zero percent show investors are willing to pay the German government to hold its long-term debt, seen among the safest of assets.

“We think Bund yields can now certainly revisit the minus 0.15 percent area which refocuses investor concerns about the growth trajectory,” said Rabbani Wahhab, senior fixed income fund manager at London and Capital.

(Reporting by Virginia Furness and Dhara Ranasinghe; Editing by Catherine Evans)

Source: OANN

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Trump Frustrated Military Can’t ‘Get a Little Rough’ with Immigrants at Border

President Donald Trump on Wednesday said he’ll put more troops on the U.S.-Mexico border and expressed frustration the U.S. military “can't act like they would normally act” and get “a little rough” with immigrants, the Dallas Morning News reports.

"I'm going to have to call up more military," the president said during a fundraising stop in San Antonio, Texas. "Our military, don't forget, can't act like a military would act. Because if they got a little rough, everybody would go crazy.”

Trump was referring to a federal law called the Posse Comitatus Act, which prohibits military personnel from having direct contact with civilians to prevent it from acting as a domestic law-enforcement agency.

“They have all these horrible laws that the Democrats won't change. ... I think they will pay a very big price in 2020 for all of the things, whether it is the fake witch hunt they start out, or whether it is a situation like this. I think the border is going to be an incredible issue,” said Trump.

There are currently about 5,000 active-duty and National Guard troops near the border, though that number fluctuates.

Source: NewsMax Politics

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Media lawyers in Australian court over Cardinal gag order

Dozens of high-profile Australian journalists and major media organizations have been represented by lawyers in a court on charges relating to breaches of a gag order on reporting about Cardinal George Pell's convictions for sexually molesting two choirboys.

Reporting in any format accessible from Australia about the former Vatican economy chief's convictions in a Melbourne court in December was banned by a judge's suppression order that was not lifted until February.

Lawyers representing 23 journalists, producers and broadcasters as well as 13 media organizations that employ them appeared in the Victoria state Supreme Court on Monday for the first time on charges including breaching the suppression order and sub judice contempt, which is the publishing of material that could interfere with the administration of justice.

Source: Fox News World

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Georgia deputies seize $500G from car in traffic stop

Authorities in Georgia reportedly seized more than $500,000 in cash from two Colombian men during a traffic stop on Interstate 75.

Deputies with the Lowndes County Sheriff's Office pulled over a vehicle that was "in and out of lanes, just moving over the line," Sheriff Ashley Paulk said, according to WALB-TV.

PENNSYLVANIA MAN ALLEGEDLY ASSAULTS DRIVER WHO WOULDN'T STOP SINGING CHRISTMAS CAROLS, REPORTS SAY

The vehicle traveling south had "a very slow limit of speed on interstate" to the point the deputies "thought the driver might be impaired."

When the two men were pulled over, they reportedly appeared nervous. Deputies worked with K-9s to search the car and reportedly found the money stuffed in duffle bags and a dog food bag.

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“All of it is wrapped the same way they wrap cocaine, the same rubber bands, the same style of wrapping," Paulk said. "So, when you see that you know where that money’s derived from."

The two men reportedly are facing traffic charges as the sheriff's office investigates.

Source: Fox News National

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Brazil government, house speaker bury hatchet to save pension bill

FILE PHOTO - Brazil's President Jair Bolsonaro is seen near Brazil's Vice President Hamilton Mourao during an award ceremony for the Order of Military Judicial Merit, in Brasilia
FILE PHOTO - Brazil's President Jair Bolsonaro is seen near Brazil's Vice President Hamilton Mourao during an award ceremony for the Order of Military Judicial Merit, in Brasilia, Brazil March 28, 2019. REUTERS/Ueslei Marcelino

March 28, 2019

By Mateus Maia

BRASILIA (Reuters) – Brazil’s president, economy minister and speaker of the lower house of Congress patched things up publicly on Thursday, trying to move past days of finger pointing to focus on passing a thorny pension reform to save the country’s public finances.

Their pledge to bury the hatchet helped Brazilian markets rebound a day after a sharp plunge on fears that the bickering would sink the cornerstone of the government’s economic agenda.

Elected to tackle crime and kickstart the economy, President Jair Bolsonaro has become increasingly bogged down in petty fighting and social media crusades that hurt his poll numbers and led investors to question whether he can deliver major fiscal reforms.

Brazil’s benchmark stock index jumped 2.7 percent on the peace signs and the local currency firmed 1.1 percent — in both cases nearly erasing Wednesday’s losses.

Economy Minister Paulo Guedes, who on Wednesday said he would quit if there was no appetite for his pension proposal, said the “noise” surrounding the reform will diminish.

Speaking to reporters alongside House Speaker Rodrigo Maia in Brasilia, he said he had Bolsonaro and Maia’s full support to get the pension overhaul through Congress.

Echoing the sense of a fresh start, Maia said his aim was to get the reform process back on track.

Maia also sought to downplay a festering spat with Bolsonaro, who on Wednesday said the house speaker was “shaken up by personal matters” — seen as a reference to the legal problems of his wife’s stepfather, a former minister accused of corruption.

Bolsonaro said he had “no problems” with Maia.

Marcelo Freitas, a freshman lawmaker from Bolsonaro’s Social Liberal Party (PSL), was announced later on Thursday as the government’s lead legislator for the pension reform bill.

The president’s chief of staff, Onyx Lorenzoni, said congressional leaders agreed it was best that the job should fall to someone in Bolsonaro’s party.

Separately, when asked whether he still planned to move Brazil’s embassy in Israel from Tel Aviv to Jerusalem, Bolsonaro backtracked and told reporters that the government may instead open a “business office” in Jerusalem.

Brazil’s agriculture sector is ardently against any embassy move, which could threaten the country’s world-leading $5 billion in halal meat exports to Muslim countries.

(Reporting by Mateus Maia; Additional reporting by Lisandra Paraguassu; writing by Gabriel Stargardter; editing by Brad Haynes, Leslie Adler and Lisa Shumaker)

Source: OANN

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Singapore, Malaysia reach deal to end months-long airspace dispute

A Firefly ATR 72-500 airplane approaches to land at Changi International Airport in Singapore
FILE PHOTO: A Firefly ATR 72-500 airplane approaches to land at Changi International Airport in Singapore June 10, 2018. REUTERS/Tim Chong

April 6, 2019

SINGAPORE (Reuters) – Singapore and Malaysia reached an agreement to end their months-long airspace dispute, the transport ministers of the two neighboring countries said in a joint statement on Saturday.

Under the deal, Singapore will halt instrument landing system procedures at its Seletar Airport, while Malaysia will open up a restricted area near the countries’ border.

“Singapore will withdraw the Instrument Landing System procedures for Seletar Airport and Malaysia will indefinitely suspend its permanent Restricted Area over Pasir Gudang,” the statement of Malaysian Transport Minister Anthony Loke and Singapore’s Transport Minister Khaw Boon Wan said.

This will allow Malaysia Airlines’ subsidiary Firefly to start operations at Seletar Airport this month, the statement said. Media reports said the airline postponed its plans to fly out of Seletar Airport last year due to the dispute.

In December, Malaysia said it wanted to take back control of airspace managed by the city-state since 1974, as Singapore’s new instrument landing system at its small Seletar airport involved a flight path over Malaysian airspace.

The ministers also said in the joint statement that the two countries have set up a committee to review the 1974 airspace agreement.

Singapore was once part of Malaysia but they separated acrimoniously in 1965, clouding diplomatic and economic dealings for years.

In another dispute, the sides previously agreed to the establishment of a working group to discuss issues around port limits after Singapore protested in December about Malaysia’s plan to extend the limits of a port, saying it encroached on its territorial waters.

(Reporting by Fathin Ungku; Editing by Muralikumar Anantharaman)

Source: OANN

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Good morning and welcome to Fox News First. Here’s a look at what you need to know today …

EXCLUSIVE: Trump says ‘Sleepy Joe’ Biden doesn’t have what it takes

President Trump, in a wide-ranging, exclusive phone interview with Fox News’ Sean Hannity, dismissed the launch of former Vice President Joe Biden’s presidential campaign, nicknaming him “Sleepy Joe” and saying he’s “not the brightest bulb.” Biden, the president said, has name recognition but he won’t “be able to do the job.” When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had “misguided energy” and asserted that Sanders “talks a lot” but hasn’t accomplished anything. The president referred to former U.S. Rep. Beto O’Rourke of Texas as “a fluke” who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg — although he said he was “rooting” for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party’s youth movement: Biden’s biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party — a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. … But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez’s bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could “develop for potential relationships,” track lines of questioning and “assess” changes in “demeanor” – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News’ “Hannity” Thursday night, responded to this report by accusing Strzok and Page of an attempted “coup.” “They were trying to infiltrate the administration,” he said.

Kim accuses US of acting in ‘bad faith’
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, “the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point,” the Straits Times of Singapore reported. Kim warned that the situation “may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks,” the Korean Central News Agency added.

NFL Draft 2019: It’s all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick — the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

CLICK HERE TO GET THE FOX NEWS APP.

TODAY’S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the “Special Report” panel take a look at former Vice President Joe Biden’s decision to run for president a third time and the battle for the “soul” of America.

Not signed up yet for Fox News First? Click here to find out what you’re missing.

CLICK HERE to find out what’s on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News’ Bryan Robinson. Thank you for joining us! Have a good day and weekend! We’ll see you in your inbox first thing Monday morning.

Source: Fox News National

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