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BOJ Kuroda: Inflation pick-up must be accompanied by wage hikes

FILE PHOTO: BOJ Governor Kuroda attends a news conference in Tokyo
FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan December 20, 2018. Mandatory credit Kyodo/via REUTERS

April 10, 2019

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank was seeking to create a condition in which any acceleration in inflation is accompanied by rises in corporate profits and wages.

“The BOJ isn’t seeking to push up inflation alone. We want to create a situation where wage and employment conditions improve too … and a positive economic cycle is created,” Kuroda told parliament.

Finance Minister Taro Aso told the same parliament committee meeting that pushing up inflation alone “won’t do any good,” as people’s livelihoods would not improve without increases in capital expenditure and wages.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)

Source: OANN

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Hilarious! Charles Barkley Savagely Mocks Jussie Smollett, Triggers Esquire

NBA legend Charles Barkley, who is known for refusing to bow to political correctness, went off on Jussie Smollett for hoaxing a hate crime during a Thursday night segment on TNT.

“America, let me just tell you something. Do not commit crimes with checks. If you’re going to break the law, do not write a check,” Barkley said, mocking Smollett for leaving a paper trail.

Barkley also poked fun at Hollywood actor Liam Neeson who recently admitted an urge to kill a “black bastard” after learning his friend was raped by an African American.

“Jussie, you wasted all that damn time and money. You know what you should have did? Just went up to Liam Neeson’s neighborhood. That would have solved all your damn problems,” chuckled Barkley.

Barkley’s co-host Shaquille O’Neil couldn’t stop laughing during the segment as Barkley relentlessly slammed Smollett’s poorly planned hoax.

Esquire Magazine called the rant “bizarre” and said the Liam Neeson joke was “turrible,” a shot at Barkley’s pronunciation of the word.

“In a word, it’s brutal. In a few more? It’s random, weird, and will make you uncomfortable,” Esquire wrote.

When Esquire posted the article to their Twitter account, the post was ratioed by users who slammed the fashion magazine.

Check out a sample of reactions from Twitter users below:

Follow on Twitter @Kelenmcbreen

Source: InfoWars

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African Development Bank, GE reach settlement on Alstom misconduct

The headquarters of the African Development Bank (AfDB) are pictured in Abidjan
The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast, September 16, 2016. Picture taken September 16, 2016. REUTERS/Luc Gnago

March 22, 2019

(Reuters) – The African Development Bank Group said on Friday that two General Electric Co subsidiaries would be temporarily barred from bidding on power contracts as part of a settlement of misconduct cases.

The agreement bars GE Power units in Egypt and Germany from bidding for up to 76 months, the bank said. The units, former parts of Alstom that GE acquired in 2015, were found to have engaged in bribery and fraud in 2006 and 2011, the bank said.

“This conduct happened long before GE acquired Alstom’s power business and we cooperated fully with the investigation,” GE said in a statement. “Ethical behavior and compliance are foundational to GE’s ability to successfully operate in more than 180 markets around the world.”

Other development banks may also enforce the bans, the bank said. “We have no reason whatsoever to doubt that the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group will follow the African Development Bank’s lead,” Johann Benohr, a senior advisor to the director of the office of integrity and anti-corruption at the African Development Bank Group, said in an email to Reuters.

The barred entities are Alstom Egypt for Power Projects S.A.E., based in Cairo, and GE Power Systems GmbH, based in Mannheim, Germany, the bank said.

GE is trying to restore profits at its money-losing power business as the conglomerate slims down to three main product lines: power plants, jet engines and wind turbines.

(Reporting by Alwyn Scott; editing by Diane Craft)

Source: OANN

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Cubans on Hunger Strike Beg Trump to ‘Denounce Communism’

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A group of 89 pro-democracy dissidents, members of the Patriotic Union of Cuba (UNPACU), asked President Donald Trump in an open letter published Monday for his support for their campaign against a Communist Party referendum to impose a new constitution on the country.

The Castro regime scheduled the referendum to adopt the new constitution, written by the Party, for Sunday, February 24. Police and paramilitary have systematically targeted any individual who publicly states they will vote against the new constitution, or not vote at all in protest, with beatings, arrests, and state violence. Miguel Díaz-Canel, the Cuban “president” who answers to dictator Raúl Castro, stated on Twitter last week that he was prepared for when the Cuban people would “approve” the new constitution on Sunday, not allowing for the possibility that Cubans could vote “no.”

UNPACU launched a campaign this month to urge Cubans to vote “no,” triggering widespread violence against UNPACU members by state police.

“We have seen during the last week heavily armed forces of the Ministry of Interior violently raid fourteen homes of its members, knocking down doors and barging in while families are sleeping,” the group tells President Trump in their open letter. “Children, elderly and pregnant women have been dragged out of bed, minors stripped naked and searched and countless items stolen including medicine, food and personal effects. Actions that without a doubt qualify as state terrorism.”

The letter also highlights the use of state force to keep UNPACU members from leaving their homes and the group’s headquarters.

“Since February 11th, the regime’s repressive forces have permanently surrounded the organization’s headquarters and have arrested those that attempt to enter or exit. For example, a 16-year-old has been beaten and detained as he left the headquarters in search of food for his 23-month-old niece since food items were stolen during the raid,” the letter reads. “Although repression has been occurring with unusual fury in the last few days, actually since our campaign for the ‘NO’ to the Constitution began, the regime has increased its attacks against us.”

The signatories to the letter – 89 UNPACU members who have committed to a hunger strike against the regime – “respectfully ask that [Trump] join us in denouncing the fraud of the illegitimate Constitution.”

When the head of UNPACU, José Daniel Ferrer, announced the hunger strike this month, the group had 23 participants. It has since expanded an includes prominent activists like Tomás Nuñez Magdariaga, who completed a 62-day hunger strike last year, and Zaqueo Báez, the protesters famously beaten and arrested on video in front of Pope Francis for saying the word “freedom” too close to the papal convoy in 2015.

UNPACU has begun releasing a series of videos of the hunger strikers explaining the reasons for their protest. “I am on hunger strike to end communism,” one says to the camera. “I am on hunger strike to reveal the lies and farce of the Cuban regime,” another declares.

Those who cannot join the hunger strike but are in solidarity with the project have also produced video messages. Below, an UNPACU member expresses her support to colleagues, noting she is not participating in the hunger strike because she is five months pregnant. Despite her health status, she says she, too, was a victim of police brutality for publicly stating she would vote against the referendum.

Other dissidents and unaffiliated Cubans who publicly expressed disapproval of the new constitution have complained of beatings, arrests, and threats. Speaking to 14 y medio, a Cuban independent newspaper, activists said police threatened to “lock [them] in a dungeon” if they did not stop campaigning for the “no” vote, which any Cuban can legal cast in Sunday’s election. Ferrer, the head of UNPACU, was beaten and arrested for displaying a poster reading “I Vote No” in a public park.

February 24, the date of the referendum, is the 23rd anniversary of the murder of Carlos Costa, Armando Alejandre, Mario de la Peña, and Pablo Morales – four Cuban-American pilots working for a project called Brothers to the Rescue in which they would fly over the Caribbean looking for Cuban refugees adrift to save their lives. Fidel Castro ordered their planes shot down over international waters, an international crime, but President Bill Clinton did nothing to bring the Castro regime to justice.

The day before, February 23, the Cuban dissident movement observes the death of Orlando Zapata Tamayo, who died in a Cuban prison in 2010 of a hunger strike against the regime. He spent the last seven years of his life behind bars for opposing communism.

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UN: Pro-government forces kill more Afghans than insurgents

The U.N. says Afghan and international forces killed more civilians than insurgents in the first three months of the year, the first time the deaths caused by the government and its allies exceeded their enemies.

Still it was insurgents who were responsible for the majority of dead and wounded civilians combined, according to the U.N. Assistance Mission in Afghanistan's report, which was released in Kabul. Most of the deaths were the result of airstrikes, most often by international forces.

The report says 1,773 civilians were hurt or died in the first three months, which is a significant drop from the same period last year when 2,305 civilians were killed or wounded. Last year, many brutal suicide bombings were blamed for the high casualties.

Source: Fox News World

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Iraq: Yazidis to accept children of IS rape into community

The Yazidi community in Iraq says it will accept the survivors of the Islamic State group's campaign of enslavement and welcome the children conceived through rape into the minority community.

The decision, issued by the Yazidi Supreme Spiritual Council, will help Yazidi women taken as slaves by the militants earlier this decade to return to their community in Iraq, along with the children they had through rape, said Eido Baba Sheikh, a community leader, on Thursday.

Several freed Yazidi captives say they have been forced to leave their children in Syria because their community in Iraq would refuse to accept them.

Some 3,000 Yazidis are still missing after IS militants stormed their communities in northwest Iraq in 2014 and enslaved, raped and killed thousands of them.

Source: Fox News World

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Julian Castro Silent on His Fundraising

Democratic presidential hopeful Julian Castro has yet to release how much money his campaign raised in the first 24 hours of his candidacy, The Washington Free Beacon is reporting.

His silence comes as some of the top Democratic presidential contenders have released how much they took in. Beto O’Rourke’s campaign announced it has received more than $6.1 million in online contributions in the first 24 hours after announcing his candidacy last week. And Sen. Bernie Sanders, I-Vt., collected $5.9 million in his first 24 hours.

According to the Free Beacon, Castro’s campaign did not respond to questions about how much he took in during his first 24 hours. The website said it also was uncertain how much the campaign has raised to date. The Federal Election Commission deadline for the first quarter of the year has not yet passed.

Castro is the former mayor of San Antonio, Texas and who once served as secretary of Housing and Urban Development.

"America is just confirming what we already knew about Julian Castro—nobody knows who he is," said James Dickey, chairman of the Texas Republican Party. said. "His biggest accomplishment was being appointed an ineffective HUD secretary during the Obama administration. Simply put, he is not an exciting candidate."

Source: NewsMax Politics

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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