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Troubled Apple supplier Japan Display to seek funding, shares surge

Japan Display Inc's logo is pictured at its headquarters in Tokyo
Japan Display Inc's logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD NOV 7' FOR ALL IMAGES

April 1, 2019

TOKYO (Reuters) – Apple supplier Japan Display Inc said on Monday it aims to raise as much as $990 million in new financing as early as this week, sending shares of the struggling manufacturer sharply higher.

Japan Display, one of the world’s top vendors of liquid crystal display (LCD) panels used in iPhones, has been battered by Apple’s shifting fortunes. It has been particularly hurt by a slowdown in iPhone sales and a proliferation of new models that use newer, organic light-emitting displays (OLED).

Japan Display said it is aiming for a total capital increase of 110 billion yen ($990 million). As much as 80 billion yen of that would be through issuance of stocks and bonds to external investors, an agreement it aimed to reach this week, it said.

It did not name the external investors, although two sources with direct knowledge of the matter had previously told Reuters it was looking to an investor group, led by China Silkroad Investment Capital, for a bailout.

The remainder of the financing would come through preferred shares to refinance existing debt held by its largest shareholder, the state-backed INCJ Ltd, Japan Display said in its statement.

Japan Display, formed in 2012 in a government-backedmerger of the ailing display units of Sony Corp,Toshiba Corp and Hitachi Ltd, flagged its fifth straight year of net losses in February.

Shares of Japan Display rose as much as 16 percent in early trade on Monday and were up 13 percent at 78 yen as of 0211 GMT.

(Reporting by Junko Fujita; Editing by David Dolan and Neil Fullick)

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Egyptian voters urged to allow el-Sissi rule until 2030

Egyptian pro-government media are urging a "Yes" vote on the second day of a nationwide referendum that would allow President Abdel-Fattah el-Sissi to stay in power until 2030.

Polls reopened at 9 a.m. (0700 GMT) Sunday. Voting will continue through Monday to allow maximum turnout, which the government hopes will lend the referendum legitimacy.

Election officials say results are expected within a week.

Opposition parties have called on voters to reject the changes, blasted by critics as a major step back to authoritarianism.

Voting comes amid an unprecedented crackdown on dissent since the 2013 military ouster of an elected but divisive president.

El-Sissi came to power in 2014 and was re-elected for a second four-year term last year.

Trucks with loudspeakers drove around central Cairo Sunday morning urging high turnout.

Source: Fox News World

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Teen climate activist: I enjoy making a difference

Teenage climate activist Greta Thunberg has told a rally of several thousand young people in Rome's Piazza del Popolo they should aim that when they are older they can say they did everything they could to help the climate.

While the rally was part of the Friday school strike-for-climate movement, Italian classrooms were already shut for Easter vacation.

Thunberg told reporters: "I don't enjoy attention but I enjoy making a difference."

Since she doesn't fly to help the environment, the Swedish 16-year-old, asked what she'd do if she went to Washington or to U.N. headquarters in New York, said: "I guess I would have to take a boat."

On Wednesday, Thunberg chatted briefly with Pope Francis in St. Peter's Square. She said Francis, who champions environmental protection, was "very kind, encouraging" to her.

Source: Fox News World

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Chuck Grassley: Trump’s Comments on Wind Energy ‘Idiotic’

President Donald Trump’s remark that noise from wind turbines can cause cancer is “idiotic,” Sen. Chuck Grassley, R-Iowa, said Wednesday, reports the Des Moines Register.

"I’m told that the White House respects my views on a lot of issues," Grassley said during a call with reporters. "[Trump's] comments on wind energy — not only as a president but when he was a candidate — were, first of all, idiotic, and it didn’t show much respect for Chuck Grassley as the grandfather of the wind energy tax credit."

Trump made his comments during a National Republican Congressional Committee dinner Tuesday night.

“Hillary wanted to put up wind,” Trump said. “Wind. If you — if you have a windmill anywhere near your house, congratulations: your house just went down 75 percent in value. And they say the noise causes cancer. You tell me that one, okay? Rrrr rrrr—you know the thing makes the—it’s so noisy.”

“And of course it’s like a graveyard for birds,” he added. “If you love birds, you’d never want to walk under a windmill because it’s a very sad, sad sight. It’s like a cemetery. We put a little — we put a little statue for the poor birds. It’s true. You know in California, if you shoot a bald eagle, they put you in jail for five years. And yet the windmills wipe em all out. It’s true. They wipe em out. It’s terrible.”

Source: NewsMax Politics

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Video shows Chicago police drag student down stairs, beat and taser her after claiming she attacked them

Surveillance video from a Chicago high school reveals a shocking incident between local police and a 16-year-old student, who officers can be seen dragging down a flight of stairs before beating and Tasing her -- despite later saying the teen instigated the violence.

The incident began as Dnigma Howard was being escorted out of Marshall Metropolitan High School in January by two officers assigned to the school after a reported "confrontation" between her and the assistant principal. Police said that, as they were leading her out of the building, she attacked them, causing all three to fall down the stairs.

Video obtained by the Chicago Sun-Times, however, paints a different picture. Howard can be seen standing next to one of the officers, and slowly turns towards him. Apparently unprompted, the officer then appears to grab her and throw her down the stairs. Footage from the bottom of the staircase then shows two officers pulling Howard down the stairs by her arms, holding her down, stepping on her chest, punching her and using a stun gun on the teenager.

CHICAGO FILES CIVIL COMPLAINT AGAINST JUSSIE SMOLLETT FOR INVESTIGATION COSTS 

CHICAGO POLICE UNION WANTS REP. RUSH TO RETRACT CLAIM THAT IT'S THE 'SWORN ENEMY OF BLACK PEOPLE'

Throughout the violent exchange, Howard's father stood by and was told not to intervene. Howard was arrested and charged with two felony accounts of aggravated battery against the officers, who said in their report she “became irate and initiated a physical altercation with the officers.”

The charges against her have since been dropped "in the interest of justice," prosecutors said, but the Howard family has since filed a federal lawsuit on Thursday against the city, the Chicago Public School system and the two officers involved in the altercation, Johnnie Pierre and Sherry Tripp. The two are no longer working at the school, and one is reportedly out due to "injury on duty."

“The Board of Education and CPD continue to fail our children. An unarmed 16-year-old girl was beaten, kicked, punched and tasered by officers,” Howard's lawyer Andrew M. Stroth said. “Those officers filed a false statement. Their statements are completely untrue and are completely contradicted by what is shown on the video. The saving grace for Dnigma is that this was caught on camera.”

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Howard admitted that she was resisting officers at first, but only acted in her own defense responding to their actions.

A spokesperson for Chicago Public Schools said that they are "deeply disturbed and troubled by this incident which has no place in our schools."

Strouth has also called on Chicago's new mayor-elect, Lori Lightfoot, to take on the issue of police violence in the city's schools.

Source: Fox News National

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Italy's Salvini vows to change Europe after regional win

Italy's center-right, led by Matteo Salvini's League, has wrested control of the small southern region of Basilicata from the center-left Democratic Party that ran the regional government for nearly a quarter of a century.

Salvini on Monday touted the victory, saying that the League had tripled the number of votes in the region since last year's national election and he was looking ahead to elections for the European parliament in May. "Now to change Europe."

The center-right candidate, Vito Bardo, won 42 percent of the vote, ahead of the center-left's 33 percent. The 5-Star Movement took 20 percent, less than half of the vote registered in last year's national election when it dominated the region.

Source: Fox News World

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The Latest: Spain busts trafficking gang in northern Africa

The Latest on migrants trying to get to Europe (all times local):

10:15 a.m.

Spanish police say they have arrested 17 members of an alleged human trafficking network that threatened Moroccan migrants who sought a refund when attempts to reach Europe by sea failed.

The National Police said Tuesday the busted cell operated from Ceuta, a tiny Spanish enclave in northern Africa.

The alleged traffickers charged between 1,500 and 4,000 euros ($1,700 to $4,500) for taking the Moroccan migrants across the Straits of Gibraltar in high-speed rubber boats. According to police, a hitman threatened the migrants who dared to ask for a refund if they failed to complete the trip.

More than 5,500 migrants have reached Spanish shores this year and 121 have died trying to, according to the International Organization for Migration. Last year, a record 57,000 arrived and more than 800 died.

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9:35 a.m.

Turkish authorities say three women and an infant have died after a fiberglass boat carrying migrants to Greece sank off the Turkish coast.

The coast guard said 11 other migrants were saved in an air and sea search mission launched early Tuesday off the town of Ayvacik, in northwest Canakkale province.

The privately owned DHA news agency said the boat, carrying 15 migrants from Iran and Afghanistan, was heading to the Greek island of Lesbos. The three women and the infant who died were from Afghanistan, the report said.

Migrants have been trying to get from Turkey into Greece, which is in the European Union, before heading to more prosperous European nations.

A 2016 deal between Turkey and the EU significantly curbed numbers but migrants still attempt the perilous journey.

Source: Fox News World

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

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“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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