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Exclusive: China makes unprecedented proposals on tech transfer, trade challenges remain – U.S. officials

U.S.-China trade delegations hold trade talks at the White House in Washington
U.S. Trade Representative Robert Lighthizer (4thL), Treasury Secretary Steven Mnuchin (3rdL) and White House economic adviser Larry Kudlow (2ndL) pose for a photograph before the start of U.S.-China trade talks at the White House in Washington, U.S., February 21, 2019. REUTERS/Joshua Roberts

March 28, 2019

By Jeff Mason

WASHINGTON (Reuters) – The United States and China have made progress in all areas under discussion in trade talks, with unprecedented movement on the touchy issue of forced technology transfers, but sticking points remain, U.S. officials told Reuters on Wednesday.

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrive in Beijing on Thursday for a new round of talks with Chinese officials to work out a deal that would end a months-long trade war.

The in-person talks, which will be followed by a round in Washington next week, are the first face-to-face meetings the two sides have held in weeks after working past an initial end-of-March goal for a summit between U.S. President Donald Trump and Chinese President Xi Jinping to sign a pact.

Reuters spoke to four senior administration officials for this report.

One official said China had put proposals on the table that went further than in the past, creating hope for a deal that the United States insists must include structural changes in the Chinese economy.

“They’re talking about forced technology transfer in a way that they’ve never wanted to talk about before – both in terms of scope and specifics,” he said, speaking on condition of anonymity.

Washington wants Beijing to end practices it says involve the theft of U.S. intellectual property and the forced transfer of American technology to Chinese companies. It wants improved access for American companies to China’s markets and a reduction in Chinese industrial subsidies.

Talks would continue as long as progress continued to be made on the core agreements being negotiated in the deal.

Reuters reported previously that the two sides were working on written agreements in six areas: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade. [nL1N20G1GV]

“If you looked at the texts a month ago compared to today, we have moved forward in all areas. We aren’t yet where we want to be,” the official said.

The officials declined to lay out a timetable for the talks.

“It could go to May, June, no one knows. It could happen in April, we don’t know,” another administration official said.

He said intellectual property and enforcement of an eventual deal continued to be sticking points.

‘SOME TARIFFS WILL STAY’

The world’s two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars of goods. China wants the United States to lift its tariffs as part of a deal. Washington, which is cognizant that the tariffs give it leverage to ensure Beijing follows through on any commitments it makes, is wary of lifting them right away.

Trump said last week the United States may leave tariffs on Chinese goods for a “substantial period” to ensure compliance.

“Some tariffs will stay,” the second official said. “There’s going to be some give on that, but we’re not going to get rid of all the tariffs. We can’t.”

The topic will be addressed in upcoming talks.

“Obviously that is an issue that we need to resolve … and will be an important part of a final deal,” the first official said.

Since July 2018, the United States has imposed duties on $250 billion worth of Chinese imports, including $50 billion in technology and industrial goods at 25 percent and $200 billion in other products including furniture and construction materials, at 10 percent.

China has hit back with tariffs on about $110 billion worth of U.S. goods, including soybeans and other commodities.

(Reporting by Jeff Mason; Editing by Peter Cooney)

Source: OANN

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Romania’s growing pains just keep coming back

Thousands of crows fly at dusk over the city skyline in Bucharest
FILE PHOTO: Thousands of crows fly at dusk over the city skyline in Bucharest November 27, 2012. REUTERS/Radu Sigheti

March 27, 2019

By Luiza Ilie and Marc Jones

BUCHAREST/LONDON (Reuters) – Almost every former Eastern Bloc country has suffered growing pains at some point over the last few decades. Romania’s just seem to keep coming back.

Fumbling attempts to bring in new bank, energy and telecoms taxes in recent months are the latest example of its struggle to assert itself as a fully functioning economy.

Two years ago, growth outpaced nearly all its European peers, spurring hopes it was finally harnessing the potential of its 20 million population — the second biggest in central Europe behind Poland — and its own oil and gas reserves.

But having been inflated by some potent fiscal stimulus, the expansion is now fading so fast again — to 4 percent last year from 7 percent in 2017 — that some analysts fear another boom and bust is playing out.

Expectations are dimming that equity index provider MSCI might promote Romania to emerging market status alongside peers like Poland and the Czech Republic as soon as this year, which would draw money into its undersized financial markets.

The IPO market is at a standstill and the new taxes worried S&P enough that it threatened to change Romania’s credit rating outlook to negative.

Bucharest averted that by promising to tweak the measures to preserve central bank independence. But the confusion has only added to a view that policymaking has become unpredictable.

“The frequency of legislative changes has been increasing and often seems to come out of the blue,” said Franklin Templeton’s Romania CEO, Johan Meyer, who manages the Fondul Proprietatea fund which has stakes in a slew of state-owned firms.

“Sometimes the decisions do get reversed or watered down, but at that point the reputational damage has been done.”

As the country gears up for four elections in 2019-20, Finance Minister Eugen Teodorovici had said the measures would help the economy “aggressively in the good way” by lowering borrowing costs and energy prices.

A ROAD TO NOWHERE

In the 12 years since it joined the European Union, Romania’s per capita national output has doubled, to roughly 60 percent of the euro zone average, while record low unemployment led to double-digit average wage growth in the last four years.

But income inequalities are among the bloc’s highest. One-third of the population lives in poverty and millions lack sufficient access to healthcare and basic amenities like indoor plumbing.

Its population is both shrinking and aging, while backsliding in the battle against chronic corruption has led to mass street protests.

“Investor confidence is being eroded by persistent legislative instability, unpredictable decision-making, low institutional quality and the continued weakening of the fight against corruption,” the European Commission said in February.

And while Romania is up 16 places on the World Economic Forum’s Global Competitiveness Index since joining the EU, Bulgaria, which also joined in 2007, has leapfrogged it.

Graphic: Poverty levels in EU interactive – https://tmsnrt.rs/2UR8cEa

This month, a businessman from northeastern Romania opened a one-meter-long motorway, built in a day and paid for by him, in protest at the state of the country’s roads.

Romania has only 800 kilometers of motorways, less than half that of Hungary even though it is more than double the size of its neighbor and has almost twice as many people.

Just 75 kilometers have been built in the last three years and none go border-to-border despite years of government promises.

Central Bank Governor Mugur Isarescu routinely uses roads to highlight poor infrastructure that impedes economic development.

“Romania will be ready to join the euro when it has a motorway crossing the Carpathian mountains,” he has said.

Graphic: Romania motorways interactive – https://tmsnrt.rs/2Ol8Abt

PATCHY IMPROVEMENTS

A series of International Monetary Fund-led aid deals in 2009-2015 helped Romania shrink its budget and current account deficits, seen as a key weakness of the economy, and it won back its investment-grade rating in 2014. Its debt to debt-to-GDP is low, in line with the Czech Republic’s at around 38 percent.

But those twin deficits are rising again after tax cuts and wage and pensions hikes that have inflated consumption.

The external shortfall was 4.7 percent of GDP in 2018, a decade high, although the government has kept the budget deficit under the EU’s 3 percent ceiling by postponing investments.

“Policies focused on raising public sector wages and pensions have widened imbalances and at some point their adjustment will be unavoidable,” said the head of Romania’s fiscal watchdog Ionut Dumitru.

“The current account deficit is at a level that can no longer be ignored.”

Graphic: Romania’s boom and bust cycles – https://tmsnrt.rs/2OfoiEO

PROMOTION PROSPECTS

Its financial markets are lagging too. Bucharest’s main stock market has only 16 companies and the tax changes have knocked banking and energy firms, leaving it with the lowest price-to-earnings ratio in the region.

Privatisations of firms like power utility Hidroelectrica, which were supposed to broaden and deepen the market and help its prospects of an MSCI promotion, have not materialized.

“They (Romania) are always remain on our radar screen. But so far it hasn’t reached the market classification framework requirements,” MSCI’s Sebastien Lieblich said, citing the small number of listed stocks.

Franklin Templeton’s Meyer blames government foot-dragging and a system whereby company directors can serve for just a few months, so that turnover at board level can hamper the six-to-nine month process of preparing a firm for the stock market.

He reckons up to five state-owned firms could easily be floated but sees none happening soon.

“It is like any promotion,” Meyer said of MSCI. “If you only do the bare minimum in your job you don’t get it.”

Graphic: Price-to-earnings ratio of Romania’s stock market – https://tmsnrt.rs/2OaW3Hr

(Reporting by Luiza Ilie in Bucharest and Marc Jones in London; Additional reporting by Karin Strohecker in London; Editing by Catherine Evans)

Source: OANN

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Delphi murder investigation features new sketch, background on ‘heartless’ killer of 2 Indiana girls

More than two years after two teenage girls were murdered after going for a walk, Indiana State Police revealed a new photo of the suspect in the slayings Monday while making an impassioned plea to the killer, who's still on the loose.

ISP Superintendent Doug Carter said the investigation into the 2017 killings of Libby German, 14, and Abby Williams, 13, has now shifted to focus on someone who lives in Delphi, Indiana or used to live in the city located about 60 miles northwest of Indianapolis.

"We believe you are hiding in plain sight," an emotional Carter said at a news conference in a plea to the killer. "For more than two years you never thought we would shift to a different investigative strategy, but we have."

2017 DELPHI MURDERS OF 2 TEENAGE GIRLS MOVING IN 'NEW DIRECTION,' INDIANA STATE POLICE SAY

On February 13, 2017, Abigail Williams, 13, and Liberty German, 14, disappeared after being dropped off at the Delphi Historic Trails. The sketch of the unidentified man (center) was released by Indiana State Police on Monday, who is suspected in their murders.

On February 13, 2017, Abigail Williams, 13, and Liberty German, 14, disappeared after being dropped off at the Delphi Historic Trails. The sketch of the unidentified man (center) was released by Indiana State Police on Monday, who is suspected in their murders. (Indiana State Police)

Carter released a new sketch of a suspect that appears to be much younger than the previous sketch released by police. The suspect now is believed to be a man who is between the ages of 18 and 40, but might also appear younger. The man is also believed to have lived, worked, or regularly visited Delphi.

Authorities were able to create the sketch that "more accurately" depicts the face of the suspect from the video recorded on German's cell phone while she and Abigail were on the High Bridge.

An emotional Indiana State Police Superintendent Doug Carter calls the suspected killer of the two girls a "heartless coward"

An emotional Indiana State Police Superintendent Doug Carter calls the suspected killer of the two girls a "heartless coward" (WRTV via NNS)

"We have a witness. You made mistakes," Carter said. "We are coming for you and there's no place for a heartless coward like you to hide that gets his thrill from killing little girls."

Besides the sketch, Carter also revealed that investigators were looking for the owner of a vehicle abandoned on the east side of County Road 300 North next to the Hoosier Heartland Highway between 12 p.m. and 5 p.m on Feb. 14, 2017. The vehicle was parked at the old CPS/DCS/Welfare building, according to Carter.

A new sketch of the suspected Delphi killer.

A new sketch of the suspected Delphi killer. (WRTV via NNS)

The teens were reported missing on Feb. 13, 2017, after they were dropped off at the Delphi Historic Trails in the early afternoon. Their bodies were discovered the next day by a volunteer, about a half-mile off the trail.

Despite autopsies being conducted, no cause of death has ever been revealed for either of the girls. Police have tens of thousands of tips in the investigation into Williams' and German’s deaths but have not yet made any arrests.

ACCUSED CHILD MOLESTER INVESTIGATED IN 2017 MURDERS OF INDIANA TEENS: REPORT

"We likely have interviewed you or someone close to you," Carter said in a message to the killer. "We know that this is about power for you, and you want to know what we know. One day, you will."

In the course of the investigation, authorities released a pixelated image of a man walking on the bridge around the time of the girl's disappearance. A new brief video of the man walking was released on Wednesday in the hopes that someone could identify the man based on the mannerisms as he walks.

Authorities also released an audio clip from one of the girl's phones. Police said it might be the suspect’s voice. An unidentified man can be heard saying: “Down the hill.”

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Carter said the girls' families learned about the latest developments Monday morning and asked the media to give the family two weeks before commenting on the new information, according to FOX59.

In the years since the teenager girls were killed, authorities had probed a possible connection between the murders and a man accused of child molestation, after the public drew similarities between his mugshot and an FBI sketch of the alleged killer.

On Feb. 14, 2017, Libby German, 14, and Abby Williams, 13, were killed while biking on trails near Delphi, about 60 miles northwest of Indianapolis

On Feb. 14, 2017, Libby German, 14, and Abby Williams, 13, were killed while biking on trails near Delphi, about 60 miles northwest of Indianapolis (Indiana State Police)

Delphi investigators had also worked closely with detectives in Fort Wayne, Indiana. after John. D Miller was arrested last year in the 1988 murder of an 8-year-old girl. Authorities, however, would not comment at the time if he was a possible suspect in the two teenagers’ deaths.

Authorities are encouraging anyone with information to contact the tip line at 844-459-5786 or email them to Abbyandlibbytip@cacoshrf.com.

Fox News' Katherine Lam and Paulina Dedaj contributed to this report.

Source: Fox News National

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Animal rights activist Brigitte Bardot stirs fury in Reunion with ‘racist’ comments

FILE PHOTO: Brigitte Bardot the former French film star turned animal rights activist gestures as she speaks to ..
FILE PHOTO: Brigitte Bardot the former French film star turned animal rights activist gestures as she speaks to EU [Environment Commissioner Stavros Dimas (not pictured)] at the European Commission headquarters in Brussels, June 9, 2006. REUTERS/Francois Lenoir/File Photo

March 20, 2019

SAINT-DENIS-DE-LA-REUNION, France (Reuters) – The highest ranking official on the French island of Reunion filed a legal suit against former film star and animal rights activist Brigitte Bardot on Wednesday after receiving a letter deemed “racist” by the authorities.

In the letter, sent on Tuesday to the prefect of Reunion and local media, Bardot described inhabitants of the Indian Ocean island as “aboriginals who have kept the genes of savages” and denounced what she called the barbaric treatment of animals by a “degenerate population”.

“This letter contains terms that are offensive and racist toward the inhabitants of Reunion”, prefect Amaury de Saint-Quentin said in a statement.

Bardot’s lawyer was not immediately available for comment.

The Brigitte Bardot Foundation, dedicated to animal protection, said Bardot had written the letter as a personal initiative, separate from the institution.

Bardot, now 84, rose to sex symbol status as an actress in the 1950s. She starred in numerous films and was also famous as a singer and fashion model but in recent decades has become better known as an outspoken campaigner for animal welfare.

Reunion is an overseas French department in the southern Indian Ocean, to the east of Madagascar, and is known for its volcanoes, coral reefs and rainforest.

Bardot’s comments triggered widespread outrage on the island, with several officials saying they would also take legal action. Two anti-racism NGOs, Licra and SOS Racisme, said they too intended to go to court.

“Ordinary racism has no place in the exchange of opinions”, France’s Minister of Overseas Territories Annick Girardin said on Tuesday, adding that she would add her name to the complaint filed by the island’s prefect.

In Paris, the president of the lower house of parliament, Richard Ferrand, expressed his “contempt” for Bardot’s comments.

Animal rights activists say abuse of animals is common on the island and that animal sacrifice is tolerated in some religious ceremonies.

(Reporting by Bernard Grollier; Additional reporting by Julie Carriat and Elizabeth Pineau; Editing by Richard Lough and Gareth Jones)

Source: OANN

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Trump: Decreasing troops in South Korea not on table for North Korea talks

South Korean and U.S. Marines take part in a winter military drill in Pyeongchang
FILE PHOTO: South Korean and U.S. Marines take part in a winter military drill in Pyeongchang, South Korea, December 19, 2017. REUTERS/Kim Hong-Ji

February 22, 2019

WASHINGTON (Reuters) – President Donald Trump said on Friday that drawing down U.S. troops in South Korea is not on the table for his upcoming talks with North Korea’s Kim Jong Un, which will be focused on pressing the Asian nation to abandon nuclear weapons.

Trump made the comments at a White House event on trade negotiations with China.

Senior Trump administration officials said on Thursday the two sides will not discuss removing U.S. troops from South Korea and will focus on seeking a common understanding of what it means to denuclearize when they meet in Vietnam at the end of the month.

The United States keeps some 28,500 troops in South Korea.

(Reporting by Lisa Lambert and Jeff Mason; Editing by Jeffrey Benkoe and Sonya Hepinstall)

Source: OANN

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Blown away by innovation or price? Samsung’s foldable phone opens up debate

The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co Ltd’s Unpacked event in San Francisco
The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co Ltd’s Unpacked event in San Francisco, California, U.S., February 20, 2019 REUTERS/Stephen Nellis

February 21, 2019

(Reuters) – Samsung Electronics Co Ltd has wowed the smartphone industry with the first mainstream foldable screen, accompanied by a nearly $2,000 price tag that generated heated debate as to whether it may prove too expensive to revive slumping sales.

The South Korean tech giant unveiled the Galaxy Fold which resembles a conventional smartphone, but which opens like a book to reveal a second display the size of a small tablet at 18.5 cm (7.3 inches). It will go on sale on April 26.

At its launch event in San Francisco on Wednesday, Samsung upped the surprise factor by briefing analysts and journalists on widely anticipated aspects ahead of time, such as 5G versions of its existing top-end Galaxy S phones.

The unveiling of the foldable device came as a shock to many in the auditorium.

“I am blown away,” said Patrick Moorhead of Moor Insights & Strategy, adding the phone could help Samsung rejuvenate its mobile business, whose lead is under attack from China’s Huawei Technologies Co Ltd.

“I believe you can innovate your way out of a mature market,” he said, noting that when Apple Inc launched the iPhone in 2007, most industry watchers believed the market had matured for $100 “candy bar” phones without touch screens.

Bob O’Donnell of TECHanalysis Research said the work Samsung had done with Facebook Inc, Alphabet Inc’s Google and Microsoft Corp to adapt applications to the new screen was important.

He said though Samsung had teased the folding phone before, “to see it in action, to see the software – I was like, Wow. It’s hugely important that the software experience be good.”

The phone, which can operate three apps simultaneously and boasts six cameras, also challenges the notion of what a phone can cost, debuting at nearly twice the price of current top-of-the-line models from Apple and Samsung itself.

“Due to price, it’s likely to be sold mainly to early adopters. Prices are key to expanding sales,” said former Samsung mobile executive Kim Yong-serk, who is now a professor at Sungkyunkwan University in Korea.

“It will help Samsung burnish an image as an innovative company, but it is unlikely to be profitable. I expect Apple to wait say for one year and come up with foldable phones with more features, as they did with the smartwatch,” he said.

Brokerage Hana Investment & Securities expects Samsung to sell 2 million foldable phones this year, with the price keeping the volume relatively low, while another brokerage expects shipments to reach 1 million. That would be less than one percent of the 291 million smartphones Samsung sold last year.

Online, social media users were divided over the price, the features, and whether consumers would even need such a phone.

“Innovative? Sure. Needed? Not sure. 6 cameras, 2 screens and 2 batteries at $1980?!?,” wrote Twitter user @JackPhan.

Reddit user AmazedCoder took a more positive view.

“The fact that people are only complaining about the price should tell you that a lot of people actually want this, but can’t get it. Second gen of this thing is gonna sell like hotcakes.”

While most analysts expect Apple to wait until 2020 to match the foldable phone, Samsung has set new price standards in the premium category as it seeks to revive consumer interest in an industry which posted its first-ever sales decline last year.

“$1980 dollar for a #galaxyfold no thanks… watch…now the next iPhone will be $1999,” Twitter user @zollotech said.

(Reporting by Stephen Nellis in SAN FRANCISCO, Hyunjoo Jin in SEOUL and Ambar Warrick in BENGALURU; Writing by Miyoung Kim; Editing by Christopher Cushing)

Source: OANN

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Stock futures subdued after weak manufacturing data from Europe

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 8, 2019. REUTERS/Brendan McDermid

April 18, 2019

By Amy Caren Daniel

(Reuters) – U.S. stock index futures were muted on Thursday, as weak manufacturing data out of Europe underscored concerns of a global slowdown, while investors stayed on the sidelines ahead of the release of a long-awaited Mueller report.

French and German surveys of purchasing managers for April showed that manufacturing activity in euro zone’s two biggest economies continued to contract.

Special Counsel Robert Mueller’s report on Russia’s role in the 2016 U.S. election will be released on Thursday, providing the first public look at the findings of an inquiry that has cast a shadow over Donald Trump’s presidency.

Attorney General William Barr will hold a news conference at 9:30 a.m. to discuss the report, ahead of the release.

At 6:59 a.m. ET, Dow e-minis were down 27 points, or 0.1%. S&P 500 e-minis were down 1.75 points, or 0.06%, and Nasdaq 100 e-minis were down 4.25 points, or 0.06%.

On trade, Washington and Beijing set a tentative timeline for a fresh round of face-to-face meetings ahead of a possible signing ceremony in late May or early June, according to a Wall Street Journal report.

Honeywell International Inc shares rose 1.9% after reporting a better-than-expected quarterly profit and raising its full-year financial forecast.

Of the 54 S&P 500 companies that have posted earnings so far, 79.6% have beaten consensus, according to Refinitiv data.

Analysts now expect first-quarter profits for S&P 500 companies to have dropped 1.8% year-on-year, an improvement from recent estimates, but would still be the first earnings decline since 2016.

Honeywell International Inc shares rose 1.9% after reporting a better-than-expected quarterly profit and raising its full-year financial forecast.

Kinder Morgan Inc rose 1.3 percent after Chief Executive Steven Kean said the company has begun internal discussions about building a third natural gas pipeline in the Permian Basin.

Investors are also awaiting the hotly-anticipated debut of online scrapbook company Pinterest Inc, the first high-profile initial public offering of a “tech unicorn” after Lyft Inc’s struggles.

Commerce Department report, due at 8:30 a.m. ET, is likely to show U.S. retail sales rebounded 0.9 percent in March after a 0.2 percent decline in February.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila)

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.

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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.

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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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