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Mondelez in advanced talks for Campbell’s international business: Bloomberg

FILE PHOTO: A man looks at two paintings 'Coloured Campbell's soup can' by late U.S. artist Andy Warhol the Art Unlimited of the Art Basel art fair in Basel
FILE PHOTO: A man looks at two paintings 'Coloured Campbell's soup can' from 1965 by late U.S. artist Andy Warhol (1928-1987) the Art Unlimited of the Art Basel art fair in Basel June 16, 2011. REUTERS/Arnd Wiegmann/File Photo

March 29, 2019

(Reuters) – Oreo cookies maker Mondelez International Inc is in advanced talks to buy international brands being sold by U.S. food company Campbell Soup Co, Bloomberg reported late on Thursday.

Mondelez is negotiating final terms of a purchase of the business, which includes Australian cookie brand Arnott’s and Danish baked snacks maker Kelsen Group, the report said, citing people familiar with the matter.

The parties have been discussing a price of around $2.5 billion for the assets, the report said.

Campbell and Mondelez did not immediately respond to a request for comment.

Italian confectioner Ferrero and a consortium comprising private equity firms KKR & Co and Bain Capital were among the bidders for Campbell’s international business.

Campbell Soup said in August it would make preparations to divest its international portfolio and its “fresh” business, after being pressured by investors to boost its profitability and stock performance.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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New Jersey skydiving accident leaves ‘very experienced’ jumper dead

A skydiver, who was described as "very experienced," fell to his death in southern New Jersey on Sunday, officials said.

The incident happened around 5:25 p.m. in Williamstown, as the 54-year-old skydiver was making a jump at Skydive Cross Keys.

Witnesses on the ground reported the man's parachute was not open when he landed, FOX29 reported.

LIMO OPERATOR INDICTED ON MANSLAUGHTER, NEGLIGENT HOMICIDE IN CRASH THAT KILLED 20

"I heard a thud, we thought a car hit somebody then I saw this white thing lying there," resident Rosemary Ilgenfritz told WPVI-TV.

Neighbors said the man was surrounded by a parachute, but authorities at the scene said that appeared to be a backup chute.

EXPERIENCED SKYDIVING INSTRUCTOR DIES OF SUICIDE BY RELEASING HARNESS MIDAIR, POLICE SAY

The man, who has yet to be identified, landed in a neighborhood not far from the Cross Keys Airport, which is a popular location for skydivers.

"The jumper was very experienced having over 1000 jumps to his credit," Skydive Cross Keys told the Philadelphia Inquirer. "The skydiver's parachute was deployed upon exiting the airplane."

CLICK HERE FOR THE FOX NEWS APP

The Gloucester County Prosecutors Office is investigating the accident. Further details will be released pending the outcome of the investigation.

Source: Fox News National

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Beto O’Rourke receives prom request from teen, learns she can’t caucus for him

Democratic presidential candidate Beto O’Rourke got an unusual invite while on the campaign trail in Iowa on Thursday: A high school student asked him to be her date for the prom.

During a campaign rally in Sioux City, 17-year-old Claire Campbell asked O’Rourke: “It’s OK if you say no, but will you go to prom with me?”

O’Rourke said he was “really touched,” given that he did not attend his own prom when he was in high school.

BETO O’ROURKE’S CAMPAIGNS PAID $110G TO INTERNET COMPANY THAT HE FOUNDED, WIFE RAN

“This means more to me than you know,” he told her, before making a request of his own.

“[S]omebody told me about your sign, so we came up with a counter-proposal,” O’Rourke said, before lifting up a sign that said, “Will you caucus for me?” -- referring to the Iowa caucuses that will be held in early 2020 to determine the state's picks for president.

Campbell later told the Des Moines Register that she was disappointed with O’Rourke’s answer “because, like, I need a prom date. But his counter offer was pretty good.”

However, Campbell couldn't accept O'Rourke's invitation because she is from South Dakota, which bars her from participating in the Iowa caucuses.

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The light-hearted exchange was a sharp contrast to O’Rourke’s earlier response to a reporter in which he compared President Trump’s rhetoric to Nazi Germany.

Source: Fox News Politics

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Toyota sees slower sales growth in South America, Caribbean in 2019: executive

FILE PHOTO: The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi
FILE PHOTO: The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi, India, January 18, 2019. REUTERS/Anushree Fadnavis

March 26, 2019

SAO BERNARDO DO CAMPO, Brazil (Reuters) – Toyota Motor Co expects its sales in South America and the Caribbean to rise 0.9 percent in 2019 compared with last year, Celso Simomura, vice president of Toyota’s Brazil operation, said on Tuesday.

He said Toyota expected to sell 445,000 vehicles across the region in 2019, up from 441,000 in 2018. Simomura added that growth had been higher in recent years, with 5.2 percent sales growth in 2018, and 6.9 percent growth in 2017, but did not give a reason for the slowdown.

(Reporting by Marcelo Rochabrun; Editing by Leslie Adler)

Source: OANN

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Retiring late: As pensions underwhelm, more Japanese opt to prolong employment

Yasuhiro Furuse, a senior adviser of corporate sales headquarters of Orix Corp., unfolds his laptop at a meeting room in Tokyo
Yasuhiro Furuse, a senior adviser of corporate sales headquarters of Orix Corp., unfolds his laptop at a meeting room in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon

April 10, 2019

By Tetsushi Kajimoto

TOKYO (Reuters) – Yasuhiro Furuse could have retired two years ago, but he wasn’t entirely happy with his pension income and had to put any such thoughts to bed.

It was just as well for Furuse’s employer Orix Corp, a financial services group, which would have struggled to find a replacement, with Japan’s jobless rate at 26-year lows.

This win-win arrangement, increasingly common in Japan, highlights a structural and policy challenge facing the world’s third-biggest economy.

Prime Minister Shinzo Abe’s government is considering raising the retirement age to 70 or 75 from 65 now, to ease pension burdens as well as a labor crunch. But a more durable longer term solution, analysts say, is for Japan to relax its strict controls on foreign workers.

“I have no choice but to work,” said Furuse, 62, a senior adviser at Orix’s corporate business headquarters.

“I appreciate that I could keep working, which makes me better off than living on pension and savings. Besides, I want to do something to contribute to society.”

Japan’s population is among the oldest on the planet and has one of the longest lifespans, putting pressure on its pension system. The old-age dependency ratio — or the numbers of elderly against those of working age — is the highest in the OECD.

The situation is being compounded by Japan’s deep-seated reluctance to fully open its gates to foreign workers, leaving many companies to rely on the old guard to overcome severe labor shortages.

On top of that, a lengthy spell of monetary easing by the Bank of Japan to battle deflation and spur growth has led to near-zero bond yields and crippled savings.

INVESTING IN OLD AGE

The current law requires companies to allow employees to work until 65 if they wish. In practice, most companies, trying to keep a lid on labor costs, set a mandatory retirement age at 60, with an option of further five years’ work on reduced pay.

That is changing.

Orix has raised the mandatory retirement age for its employees to 65 from 60. Some other firms such as Taiyo Life Insurance and restaurant chain Skylark Holdings Co, now also allow staff to work until 65, or 70 if employees wish.

“We will raise the retirement age to 65 to … cope with a decline in the workforce,” Nippon Steel Corp said in a statement this month.

Mayumi Waki, a human resources manager at Orix, says the move was worth the extra spending. The older workers seem more motivated, the firm can benefit from their client relationships for longer and younger talent has more mentors available.

“We don’t consider raising the retirement age as a cost but a necessary investment,” Waki said.

To keep costs under control, Taiyo Life has changed the company’s pay review processes to be more focused on merit, and less on career length – another change in culture which is being increasingly adopted throughout Japan.

RETIREMENT AT 70?

Over 8 million Japanese workers are 65 or older, a staggering 12 percent of the entire workforce, government data shows. The old-age dependency ratio is over 50 percent, and is expected to rise to nearly 80 percent by 2050, the OECD says.

The average employee pension in Japan is about 150,000 yen ($1,350.01) a month, lower than government’s target of 60 percent of the pre-retirement income for salaried workers, which would be 220,000 yen on average.

Some economists expect the average pension-to-wage ratio to keep deteriorating and worries are growing that Japan’s ‘pay-as-you-go’ pension scheme may be unsustainable, with fewer workers paying into it and more elders drawing from it.

In a significant move, immigration-shy Japan is taking tentative steps to let in more foreign, blue-collar workers to ease the labor shortage.

Other labor reforms also kicked in this month to curb overtime and promote more flexibility, such as shorter days or working from home, with some analysts saying this could encourage more women and retirees to look for jobs.

Cutting back on Japan’s notorious long hours at work may also make longer careers easier to sustain, analysts say.

“The era of retirement at 70 will come sooner or later,” Taiyo Life’s chairman Katsuhide Tanaka said.

(Reporting by Tetsushi Kajimoto; additional reporting by Izumi Nakagawa; Editing by Marius Zaharia and Shri Navaratnam)

Source: OANN

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Sen. Dick Durbin teases Green New Deal sponsors: 'What in the heck is this?'

Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Ed Markey, D-Mass., are facing growing pushback within their own party over their Green New Deal proposal.

Sen. Dick Durbin, D-Ill., told MSNBC’s “Morning Joe” on Wednesday he was having trouble grasping the legislation in its current form after he was asked if he would vote for it.

“I can’t tell you, to be honest with you. I have read it and I have reread it and I asked Ed Markey … what in the heck is this,”  the Democrat said as his hosts erupted in laughter.

BARNEY FRANK SAYS GREEN NEW DEAL A 2020 'LOSER' 

Co-host Joe Scarborough responded, “You sound like Nancy [Pelosi].”

Pelosi, the speaker of the House, has downplayed the Green New Deal, calling it the “green dream.”

The resolution contains many “green” economic policies but also a range of far-reaching benefit programs and ideas that have split Democrats -- and have been used by Republicans to attack progressives.

CORY BOOKER CALLS WARNINGS ABOUT GREEN NEW DEAL PRICE TAG A 'LIE'

Alexandria Ocasio-Cortez and Ed Markey continue to face skepticism within their own party over their Green New Deal legislation.

Alexandria Ocasio-Cortez and Ed Markey continue to face skepticism within their own party over their Green New Deal legislation.

Durbin described it as a “resolution aspiration.”

“I will tell you I certainly agree with the premise that global warming is a threat to the planet and we’re not doing enough,” Durbin said.

Markey recently accused Senate Majority Leader Mitch McConnell, R-Ky., of trying to sabotage his legislation by fast-tracking it to a vote.

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"What we're going to do is ask the Republican leader -- what's your position on global warming, while we're at it?” Durbin added.

“Shouldn't you come out on the record and tell us whether you believe that human activity is having an impact on our environment?"

Source: Fox News Politics

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Gunmen kill 14 bus passengers in southwest Pakistan

A Pakistani official says gunmen have ambushed a bus and killed 14 passengers after forcing them off the vehicle on a highway in the country's southwest.

Local official Jehangir Dashti says it was unclear who was behind the killings before dawn Thursday.

He says about three dozen people were traveling to the southwestern port of Gawadar when gunmen stopped the bus and killed 14 people after checking their identity cards. The motive behind the killings is not known.

No one has claimed responsibility for the killings but Baluchi separatists often target security forces and people from Punjab, who tend to dominate the ranks of the military stationed in Baluchistan whom the separatists are fighting.

Separatists have waged a low-level insurgency in Baluchistan, demanding a fairer share of the province's resources.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: 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 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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