Upcoming shows
Real News

NOW ON AIR
Upcoming

Maga First News with Peter Boykin

8:00 am 9:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Amazon, Comcast, Electronic Arts submit bids for Nexon holding firm: Maeil report

The logo of Amazon is seen on the door of an Amazon Books retail store in New York
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid

February 27, 2019

SEOUL (Reuters) – Amazon.com Inc, Comcast Corp and Electronic Arts Inc submitted initial bids for the holding firm of South Korea’s biggest gaming firm Nexon, Maeil Business Newspaper said on Wednesday, citing investment banking sources.

Last week, South Korean tech firms Netmarble and Kakao and private equity fund MBK Partners submitted letters of intent to buy the holding firm, NXC Corp, in what could be one of South Korea’s biggest deals, a source familiar with the matter said.

A Nexon spokeswoman declined to comment. Amazon, Comcast and Electronic Arts did not immediately respond to emailed requests for comment.

(Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Muralikumar Anantharaman)

Source: OANN

0 0

Berlin backs Deutsche Bank merger despite risk of shortfall: sources

FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank's annual news conference in Frankfurt
FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank's annual news conference in Frankfurt, Germany, February 1, 2019. REUTERS/Kai Pfaffenbach/File Photo

March 10, 2019

By John O’Donnell and Tom Sims

FRANKFURT (Reuters) – Berlin is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official told Reuters.

Deutsche Bank’s management board has agreed to hold talks with Commerzbank about the feasibility of a merger. The state owns a 15 percent stake of Commerzbank and is expected to be a shareholder in the new group.

The German official said that any tie-up would likely result in a multi-billion-euro hole because a switch in bank ownership legally triggers a revaluation of assets such as government bonds.

They would be revalued at a market price which is typically lower than the one registered on the accounts. A second source, who is familiar with the talks, said they also expected a shortfall after the potential merger.

Rating agency Moody’s has said that a takeover could result in a “downward valuation adjustment for parts of Commerzbank’s asset base”.

A second German official said Deutsche’s future was in question because high costs left it with little profit. Asked about a merger between the two banks, a third official said one was urgently needed to reduce the number of branches in an overcrowded market.

Both said a buoyant jobs market in Germany made it easier to make staff cuts without prompting large protests because those employees would be easily able to find other work.

Spokespeople for both banks, the German finance ministry and the economy ministry declined to comment for this story.

Deutsche Bank has said it is stable. Last month, as it announced a return to profit in 2018, its chief executive Christian Sewing said it was “on the right track” for growth and lower costs.

The banks will make a decision about whether to pursue a merger within weeks, a fifth source said.

“In 2016 … Deutsche went to the brink,” said the first official. “They haven’t really got out of that hole…It’s legitimate to ask:… how dangerous is that with systematic relevance?”

While having the government of Europe’s largest economy as a shareholder would give the group some weight, it would also be humbling for Deutsche Bank, once a symbol of German strength on Wall Street and London.

Its share price has tumbled after a string of scandals and fines including a $7 billion plus penalty in 2016 for selling U.S. home loans that unraveled in the financial crash.

A key measure of its default risk, a form of insurance known as credit default swaps, has risen.

Deutsche’s significance was underscored by the International Monetary Fund in 2016 when it said the bank’s links to the world’s largest lenders made it a bigger potential risk to the wider financial system than any other global bank.

Berlin has been examining options for Deutsche for many months. Senior German officials even participated in informal, exploratory discussions in recent months with Switzerland’s UBS about a merger with Deutsche, two more sources said.

But there was little appetite in Switzerland for making UBS bigger or for merging with a weaker Deutsche, so German officials reverted to Commerzbank, those people said. A UBS spokesman declined to comment.

CONFIDENCE SHAKEN

The sources said it was not clear how any shortfall would be filled or even what size it would be.

The first source said that capital shortfall would be in the order of billions of euros although he noted that some people said there would be no need for fresh capital.

The new group could get financial support from a new fund that will be set up to support strategic industries in the face of competition from China.

German officials have identified Deutsche Bank as a national “champion” and the fund is expected to provide state backing or guarantees that would help companies raise cash from pension funds or insurers.

“I would get in private capital,” said a fourth German official. “An international bank is strategic.” It is not clear how big the fund will be.

Officials also see the potential merger as a way to protect Commerzbank from being snapped up by a foreign rival, which could make Deutsche’s problems worse.

Some experts are skeptical, however. Jan Krahnen, a member of the academic advisory board of the German finance ministry, said he had “strong reservations” because building such a “national champion…is blatantly against the spirit of Europe.”

Achim Wambach, president of influential German think tank ZEW research institute, said it was unclear whether such a tie-up would improve financial stability.

Klaus Adam, a professor of economics at the University of Oxford and also a member of the advisory panel to the finance ministry, said Deutsche Bank’s “reputation problems” could rub off on Commerzbank.

Customers’ and peers’ faith in Deutsche was shaken after the 2016 fines. A raid on the bank by police in November as part of an investigation into money laundering and two other scandals further shook confidence and hurt revenues.

Such matters “of course…were not helpful in the fourth quarter of 2018,” the bank’s co-deputy CEO Karl von Rohr said.

(Editing by Anna Willard)

Source: OANN

0 0

Charles, William, Harry: 3 princes help launch ‘Our Planet’

A new eight-part Netflix series chronicling life on Earth and the threat posed by climate change has received a royal sendoff at London's Natural History Museum.

Prince Charles lauded the "Our Planet" series and its narrator David Attenborough at the world premiere Thursday night. He was joined by sons Prince William and Prince Harry.

Charles praised Attenborough, 92, for helping to "lift the veil of ignorance from our eyes about the intricate and integrated beauty of our home."

Charles said he is proud of his sons for sharing his passion for working to restore "the balance of nature."

The ambitious Netflix series, produced in conjunction with the WWF, was four years in the making and involved 600 crew members filming in 50 countries and on each continent.

Source: Fox News World

0 0

6 in Canadian family killed in Ethiopian Airlines crash

Six members of a Canadian family heading for a safari vacation were among the 18 Canadians killed in the crash of an Ethiopian Airlines passenger jet.

The Peel District School Board said Monday that 14-year-old Ashka and 13-year-old Anushka Dixit were with their parents and grandparents on the plane. The 37-year-old mother Kosha Vaidya, 45-year-old father Prerit Dixit, 71-year-old grandfather Pannagesh Vaidya and 63-year-old grandmother Hansini Vaidya also died.

The mother's brother, Manant Vaidya, says the family vacation to Kenya was supposed to be first visit for his sister to her birthplace in decades. He says the teenage girls were excited about plans to go on a safari. He says they wanted to see all the animals without cages.

Source: Fox News World

0 0

Brazil’s Bolsonaro suffers first defeat in Congress

Brazil's President Jair Bolsonaro arrives at an inauguration ceremony of the new president of the Parliamentary Agricultural Front (FPA) in Brasilia
Brazil's President Jair Bolsonaro arrives at an inauguration ceremony of the new president of the Parliamentary Agricultural Front (FPA) in Brasilia, Brazil February 19, 2019. REUTERS/Ueslei Marcelino

February 20, 2019

BRASILIA (Reuters) – Brazil’s lower chamber handed right-wing President Jair Bolsonaro his first defeat in Congress on Tuesday, the day before his government presents its most important legislative proposal to rein in a gaping budget deficit and spur growth.

The house voted overwhelmingly to suspend an executive order by the Bolsonaro government that altered Brazil’s freedom of information law to broaden the number of officials allowed to designate data and documents as secret or ultra-secret.

Lawmakers voted 367 to 57 to fast-track a bill overturning the secrecy measure and government whips were unable to muster votes to avoid defeat.

The bill must still be voted on by the Senate, but the reversal showed that Bolsonaro, who took office on Jan. 1, has not yet been able to organize a coalition in Congress to back his legislative agenda.

On Wednesday, Bolsonaro will send to Congress his plan to overhaul Brazil’s generous and costly pension system that eats up more than half of federal spending and is the main factor behind an unsustainable budget deficit.

Approval of pension reform is vital for the recovery of investor confidence in Latin America’s largest economy.

The defeat on the floor of the house came one day after Bolsonaro fired a senior minister amid a scandal involving campaign financing for some of his party’s congressional candidates in the October elections.

The ousted minister, Gustavo Bebianno, was instrumental in getting Bolsonaro elected but had a run-in with one of the president’s sons, triggering the weeks-old government’s first cabinet crisis.

In a note to clients, analysts at Eurasia Group said the scandal indicated the administration’s political team was in disarray, but they still expected the pension reform to get passed, albeit in a less ambitious version.

(Reporting by Maria Carolina Marcello; Writing by Anthony Boadle; Editing by Clarence Fernandez)

Source: OANN

0 0

Nadler requests Mueller testify before House Judiciary Committee ‘as soon as possible’

House Judiciary Committee Chairman Jerrold Nadler on Thursday requested Special Counsel Robert Mueller appear before his committee “as soon as possible”—and no later than May 23.

Nadler’s request came prior to the Justice Department’s imminent release of Mueller’s report to Nadler’s committee, the Senate Judiciary Committee, and the American public.

BARR AFFIRMS MUELLER PROBE FOUND NO EVIDENCE OF RUSSIA-TRUMP COLLUSION, PREPARES TO RELEASE REPORT

“It is clear Congress and the American people must hear from Special Counsel Robert Mueller in person to better understand his findings. We are now requesting Mueller to appear before @HouseJudiciary as soon as possible,” Nadler tweeted Thursday.

Nadler also attached an image of the letter he sent to Mueller Thursday, requesting his testimony “as soon as possible—but, in any event, no later than May 23, 2019.”

“I look forward to working with you on a mutually agreeable date,” Nadler wrote to Mueller.

He added: "We cannot take Attorney General Barr's word for it. We must read the full Mueller report, and the underlying evidence. This is about transparency and ensuring accountability."

There was no immediate response from Mueller.

Nadler’s request for Mueller’s testimony came just moments after Attorney General Bill Barr addressed the press from the Justice Department. Barr affirmed that Mueller found no evidence of collusion between members of the Trump campaign and the Russians during the 2016 presidential election.

Barr said during the press conference that, later Thursday morning, he would transmit the special counsel’s report, which is expected to be more than 300-pages-long, to the chairmen and ranking members of both the House and Senate Judiciary Committees, and would post the full report to the Justice Department’s website for the American public to review.

Barr explained that the redactions were "compelled by the need to prevent harm to ongoing matters and to comply with court orders prohibiting the public disclosure of information bearing upon ongoing investigations and criminal cases."

TRUMP BLASTS RUSSIA PROBE AS 'HOAX' AND 'HARASSMENT' AHEAD OF MUELLER REPORT RELEASE

But as the DOJ tangles with Congress over redactions, Barr vowed to make a less-redacted version available to certain lawmakers. Still, he said he will submit the first version at 11 a.m. ET Thursday, describing its redactions as "limited."

Barr vowed to work with Congress to "accommodate their legitimate oversight interests with respect to the Special Counsel's investigation."

"Given the limited nature of the redactions, I believe that the publicly released report will allow every American to understand the results of the Special Counsel’s investigation," Barr said. "Nevertheless, in an effort to accommodate congressional requests, we will make available to a bipartisan group of leaders from several Congressional committees a version of the report with all redactions removed except those relating to grand-jury information."

Barr explained that those members of Congress "will be able to see all of the redacted material for themselves – with the limited exception of that which, by law, cannot be shared," referencing grand jury material included in the report.

Despite Barr's promise, though, Nadler has already said that the committee will "very quickly" issue subpoenas for the full report, should he and his colleagues be unsatisfied with the amount of and basis for the redactions in the report released Thursday.

Nadler’s request for Mueller’s testimony also comes after a joint-statement from House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., who also called for Mueller to appear before Congress.

“We believe the only way to begin restoring public trust in the handling of the Special Counsel’s investigation is for Special Counsel Mueller himself to provide public testimony in the House and Senate as soon as possible,” they wrote.

Later, Pelosi tweeted: "AG Barr has confirmed the staggering partisan effort by the Trump Admin to spin public’s view of the #MuellerReport – complete with acknowledgment that the Trump team received a sneak preview. It’s more urgent than ever that Special Counsel Mueller testify before Congress."

Source: Fox News Politics

0 0

Merkel: Germany, like U.S., thinks Russia has violated nuclear arms treaty

German Chancellor Merkel visits the Thomas-Mann High School in Berlin
German Chancellor Angela Merkel visits the Thomas-Mann High School as part of the Europe-Project Day in Berlin, Germany, April 2, 2019. REUTERS/Fabrizio Bensch

April 2, 2019

BERLIN (Reuters) – Germany, like the United States, believes that Russia has breached the Cold War-era Intermediate-range Nuclear Forces Treaty, Chancellor Angela Merkel said on Tuesday.

U.S. President Donald Trump has said Washington will withdraw from the 1987 INF treaty, this summer unless Moscow ends its alleged violations – an announcement that Merkel said she understood. Russia denies violating the INF treaty.

(Reporting by Andreas Rinke; Writing by Michelle Martin; Editing by Madeline Chambers)

Source: OANN

NOW ON AIR
Upcoming

Maga First News with Peter Boykin

8:00 am 9:00 am



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist