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Italy February business morale falls to lowest in almost three years amid recession

Buildings are seen in the Porta Nuova district in Milan
Buildings are seen in the Porta Nuova district in Milan, Italy, March 27, 2017. REUTERS/Stefano Rellandini

February 27, 2019

Feb 27 (Reuters) – Morale among Italian manufacturers declined to its lowest level in almost three years and consumer sentiment also declined in February after the economy dipped into recession at the end of last year.

ISTAT’s manufacturing confidence index fell to 101.7 in February from a revised 102.0 in January, national statistics office ISTAT said on Wednesday.

The reading was slightly above the median forecast of 101.4 in a Reuters survey of 11 analysts, but the lowest for the index since August 2016.

ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, also declined in February to 98.3, its lowest in four years, from a revised 99.1 in January.

Consumer confidence fell in February to 112.4, the index’s lowest level since August 2017, and lower than a median forecast of 113.0 in a Reuters survey of eight analysts. In January, consumer sentiment was a revised 113.9.

The surveys come after Italy’s economy, the euro zone’s third biggest, slumped into its third recession in a decade in the second half of last year.

Sentiment is declining amid rising tensions within the governing populist coalition. Disagreements between the ruling League party and its 5-Star Movement partner have been bubbling up over a series of issues, including the construction of an Alpine tunnel.

The government forecasts GDP growth of 1 percent this year, but most independent bodies expect it to come in at little more than half that rate.

ISTAT gave the following data on the February manufacturing confidence survey:

(Reporting by Steve Scherer, Rome Newsroom reutersitaly@thomsonreuters.com)

Source: OANN

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Driver of truck involved in GOP train crash likely caused collision, NTSB says

The National Transportation Safety Board (NTSB) reportedly determined that the garbage truck driver involved in an accident last year with a train carrying GOP members was the likely cause of the crash.

The agency’s concluding report, released Thursday, listed a few of what they said were likely contributing factors to the crash in Virginia that left one person dead, according to The Associated Press.

Among the probable causes to the incident was the driver’s choice to navigate around the railroad crossing’s lowered safety gates, as well as their lack of movement once on the tracks, the NTSB said.

FLASHBACK: TRAIN CARRYING GOP LAWMAKERS TO RETREAT HITS TRUCK ON TRACKS, 1 KILLED

The crash unfolded in January 2018 in Crozet, Va., and Republican lawmakers onboard were bound for a retreat in West Virginia. But their plans were thwarted when the train slammed into a garbage truck.

The person killed was one of two passengers inside the truck.

Drugs also likely played a role in the crash, the agency determined. Results from a test of the driver’s blood showed the psychoactive ingredient found in marijuana, in addition to an anti-seizure medication, according to The Associated Press.

DRUNK TRAVELER ON HIGH-SPEED TRAIN SMASHES INTO CONDUCTOR’S AREA, DEMANDS TRAIN SLOW DOWN

Authorities were reportedly unsuccessful in locating a prescription for the medication.

The report also indicated instances of purported slow decision-making.

"The truck driver's lack of response after stopping the truck and being positioned between two obstacles for several seconds is an example of slow decision-making," the report said.

The trash truck's driver, Dana William Naylor Jr., had already been indicted locally on involuntary manslaughter and DUI charges, according to The Associated Press.

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But a charge of maiming under the influence was dropped after a judge ruled out certain scientific testimony and blood evidence, the outlet said, citing the Daily Progress.

Last month, a jury found Naylor not guilty of involuntary manslaughter. He still faces civil suits filed by people who were on the train.

Fox News’ Chad Pergram, Judson Berger and The Associated Press contributed to this report.

Source: Fox News National

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Ocasio-Cortez declares VA ‘isn’t broken,’ already provides top-notch care

Rep. Alexandria Ocasio-Cortez, D-N.Y., claimed during a recent town hall event that the Department of Veterans Affairs “isn’t broken" and is actually providing “some of the highest quality” care to veterans.

“All I can think of is that classic refrain that my parents always taught me growing up, is that: ‘if it ain't broke, don't fix it,’" she said in New York, as part of her argument against privatizing aspects of the scandal-scarred agency's work.

VA SECRETARY WARNS TRUMP'S SIGNATURE PROGRAM COULD COLLAPSE WITHOUT FIX

"That is the opening approach we have seen when it comes to privatization, it's the idea that this thing that isn’t broken, this thing that provides some of the highest quality care to our veterans somehow needs to be fixed, optimized, tinkered with until we don’t even recognize it anymore," she said, in comments first reported by The Washington Examiner.

"They are trying to fix the VA for pharmaceutical companies, they are trying to fix the VA for insurance corporations, and, ultimately they are trying to fix the VA for a for-profit healthcare industry that does not put people or veterans first," she said. “And so we have a responsibility to protect it.”

Ocasio-Cortez's comments were aimed at Trump administration efforts to expand choice and private health care options in the VA health care system, particularly via the MISSION Act -- signed into law by President Trump last year.

The comments are likely to raise the ire of proponents advocating VA reform. The department was plagued by scandal during the Obama administration -- including secret wait lists, systemic neglect and veterans dying while waiting to see a doctor.

VA SECRETARY WILKIE: THE VA IS MAKING REAL PROGRESSION ON SUICIDE PREVENTION FOR VETERANS

“Putting our veterans first means making sure they are at the center of any reform efforts. That is exactly what the administration did with the VA MISSION Act -- put the veteran ahead of the bureaucracy," Dan Caldwell, executive director of Concerned Veterans for America, told Fox News when asked about Ocasio-Cortez's comments. "The VA is structured for a veteran population that has fundamentally changed from when it was built. Policy reforms should fundamentally change with the population and the times. When the resources follow the veteran, the veteran wins."

"When resources go to prop up an aging and outdated bureaucracy, the veteran loses. It’s not about ‘fixing’ the VA, rather it is about making sure the focus of the VA is on the veteran, not itself," he said.

Current VA Secretary Robert Wilkie is the fourth secretary to lead the VA in the past four years, while the VA’s $200 billion budget has doubled in the past decade.

Wilkie has since declared the VA to be making “groundbreaking progress,” on accountability, transparency and efficiency while touting the MISSION Act.

"Under President Trump, VA has done more in the last two years than it has in decades in reforming the department and improving care and benefits for our nation’s heroes," he said in a Fox News op-ed in January, before saying there was still work to be done on issues such as suicide prevention.

Ocasio-Cortez’s comments are part of an increasing ideological shift among Democrats questioning the benefits of private health care -- with many now pushing single-payer forms of government-run health care for the population at large.

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2020 hopeful Sen. Bernie Sanders, I-Vt., this month unveiled his latest Medicare-for-all plan, signed onto by a number of other 2020 hopefuls. That plan would largely abolish private insurance plans -- with Sanders suggesting insurers could be reduced to cosmetic surgery.

"Under Medicare for All, we cover all basic health care needs, so they're not going to be there to do that. I suppose if you want to make yourself look a bit more beautiful, you want to work on that nose, your ears. They can do that," he said.

Fox News’ Barnini Chakraborty contributed to this report.

Source: Fox News Politics

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AG Bill Barr Confirms Criminal Conspiracy By Deep State

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Source: InfoWars

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Glencore probed by U.S. CFTC for ‘corrupt practices’

The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 25, 2019

(Reuters) – Glencore Plc said on Thursday that the U.S Commodity Futures Trading Commission (CFTC) is investigating whether the miner and its units may have violated certain regulations through “corrupt practices”.

The company said the investigations are at an early stage and have a similar scope in terms of subject matter as a current investigation by the U.S. Department of Justice.

Swiss-based Glencore said last July it received a subpoena from the DoJ requesting documents and records on compliance with the U.S. Foreign Corrupt Practices Act and money-laundering statutes.

The documents related to the company’s business in the Democratic Republic of Congo, Venezuela and Nigeria.

Glencore said it will cooperate with the CFTC, but declined to comment beyond the statement.

The company added that its response will be managed by its investigations committee, which was set up following the DoJ subpoena.

(Reporting by Justin George Varghese in Bengaluru; Editing by Maju Samuel and Sriraj Kalluvila)

Source: OANN

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Several Deutsche Bank exchange-traded-notes to cease trading Thursday

FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt
FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach/File Photo

April 9, 2019

By Saqib Iqbal Ahmed

NEW YORK (Reuters) – A dozen of Deutsche Bank’s exchange-traded notes that provide exposure to oil, metals and other commodities are set to stop trading on Thursday, according to a recent filing by the bank.

Exchange-traded notes, including the DB FI Enhanced Global High Yield ETN, the DB Crude Oil Long ETN and the Elements Dogs of the DOW Dow Jones High Yield Select 10 Total Return ETN, will be delisted at the close of trading on Thursday, according to an April 2 filing with the U.S. Securities and Exchange Commission.

ETNs are issued by a bank and are similar to exchange-traded funds in that they trade on stock exchanges and track benchmark indexes. But they differ from ETFs in that they are debt instruments with a set maturity date and expose investors to the issuer’s credit risk.

The Deutsche Bank ETNs being delisted are relatively small, with assets under management ranging from hundreds of thousands of dollars to a few million dollars, with most set to mature in 2038.

When ETNs stop trading publicly, they leave investors who hold them to find a buyer “over-the-counter,” where investors are not guaranteed anything close to what the notes are worth.

After the delisting, the secondary market for these ETNs may experience a significant drop in liquidity, Deutsche Bank warned in a statement in March.

Banks, under regulatory pressure to cut risk since the financial crisis, have been issuing fewer ETNs and delisting existing ones to focus on their core businesses.

In December 2016, Credit Suisse Group AG shuttered its $1.1 billion VelocityShares 3x Long Crude Oil ETN, making it the largest-ever note to be delisted from U.S. exchanges. (https://reut.rs/2uWnUCA)

(Reporting by Saqib Iqbal Ahmed; Editing by Dan Grebler)

Source: OANN

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Virginia Democrat running for state legislature under fire for past anti-Semitic remarks

A Democratic candidate who has apologized after once saying that giving money to Israel was worse than donating to the Ku Klux Klan is looking to win a seat in the Virginia state legislature on Tuesday.

Ibraheem Samirah, a dentist and Chicago native who bills himself as a “second-generation Palestinian refugee,” recently made headlines when he denounced what he called a “slander campaign” that exposed a series of old social media posts that were viewed as anti-Semitic and anti-Israel.

“This slander campaign is using five-year-old Facebook posts from my impassioned college days, posts that upon my reflection and with the blessing of time, I sincerely regret and apologize for,” Samirah said in a statement on Friday.

“I am so sorry that my ill-chosen words added to the pain of the Jewish community, and I seek your understanding and compassion as I prove to you our common humanity. Please do not let those who seek to divide us use these words out of context of time and place to accomplish their hateful goals.”

PELOSI, DEM LEADERS CONDEMN REP. OMAR FOR 'ANTI-SEMITIC' LANGUAGE   

In addition to the remark about the Klan, Samirah has also said the late Israeli Prime Minister Ariel Sharon would burn in hell. In another post, he charged Israeli teenagers were using Tinder to “cover up the murders in their names."

Samirah is running in a special election for a vacated seat in Virginia's 86th district, a suburban area in Fairfax County. The conservative website Big League Politics first reported the story, which has been picked up by Israeli media.

Samirah’s apology hasn’t been accepted by critics who say he remains virulently anti-Israel. They note in particular that he has advocated on social media for the Boycott, Divestment and Sanctions (BDS) movement.

BDS supports Palestinian rights and opposes Israel's occupation of the West Bank. Israeli officials say the BDS movement is anti-Semitic.

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Samirah’s opponent in the race is Gregg Nelson, an Air Force Veteran whose campaign took up the issue after the story of the past posts broke.

“There is never a place for any hateful speech whether it’s in politics or daily life. Dr. Samirah owes it to the voters of District 86 to address his statement that sending money to Israel is “worse” than sending money to the KKK. The people of the 86th District look forward to hearing his response,” said a statement from Nelson’s campaign manager, Chad Brown, before the apology.

Source: Fox News Politics

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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

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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

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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

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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

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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

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