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Proxy adviser Glass Lewis opposes UBS compensation report

FILE PHOTO: Logo of Swiss bank UBS is seen in Zurich
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo

April 9, 2019

ZURICH (Reuters) – Shareholders of Swiss bank UBS Group should oppose its compensation report for 2018, proxy adviser Glass Lewis said, citing “pay-for-performance concern”.

Shareholders get a non-binding vote on top executives’ compensation at the bank’s annual meeting on May 2.

Glass Lewis said that while UBS had improved earnings last year, some financial indicators including earnings per share and return on equity lagged those of its Swiss and European peers.

“We are currently troubled by the significant fines the company is facing in Europe, particularly in France, as a result of money laundering litigations,” it added.

It also suggested shareholders abstain from approving the actions of the bank’s board and top management in 2018, especially in light of a French tax case that has prompted UBS to boost litigation provisions.

“Taking into account the considerable uncertainty surrounding ongoing investigations and proceedings, which

appears to have increased in recent months with the 4.5 billion euro penalty related to the French tax evasion case, we believe that shareholders are unable to confidently determine whether it is in their best interests to ratify the acts of the members of the board and management for the past fiscal year at this time,” it said.

(Reporting by Oliver Hirt and Michael Shields; Editing by Jan Harvey and David Evans)

Source: OANN

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Taliban team at Afghan peace talks in Qatar to include women: spokesman

FILE PHOTO: Afghan women line up at a polling station during parliamentary elections in Kabul
FILE PHOTO: Afghan women line up at a polling station during parliamentary elections in Kabul, Afghanistan October 20, 2018.REUTERS/Mohammad Ismail/File Photo

April 15, 2019

By Abdul Qadir Sediqi

KABUL (Reuters) – Women will be included for the first time in the Taliban delegation to talks this month with U.S. officials and Afghan representatives in Qatar over the future of Afghanistan, the movement’s main spokesman said on Monday.

For a group notorious for its strictly conservative attitude to women’s rights, the move represents a step towards addressing demands that women be included in the talks, aimed at bringing an end to more than 17 years of war in Afghanistan.

“There will be women among Taliban delegation members in the Doha, Qatar meeting,” Zabihullah Mujahid, the Taliban’s main spokesman, said by telephone.

He did not name the women, but added, “These women have no family relationship with the senior members of the Taliban, they are normal Afghans, from inside and outside the country, who have been supporters and part of the struggle of the Islamic Emirate”.

The April 19-21 meeting in Doha will be the latest in a series of talks between Taliban and U.S. officials and is also expected to include a 150-strong delegation of Afghan politicians and civil society figures.

The Taliban have maintained their rejection of formal talks with the Afghan government, which they dismiss as a “puppet” regime controlled by the United States.

While Afghanistan remains a deeply conservative country, especially in rural areas, there have been major advances in women’s rights since the U.S-led campaign of 2001 that toppled the Taliban government. Many women fear that if the group regains some power, many of these gains could be erased.

The movement gained worldwide notoriety when it came to power in the 1990s by forcing women to wear full facial covering and imposing severe restrictions including banning girls from school and forbidding women from working outside the home.

However Taliban spokesmen say the group has changed and it encourages girls’ education and other women’s rights within an Islamic Sharia system.

Civil society groups, the Western-backed government and Afghanistan’s international partners have pressed for women to take part in the talks and news of the Taliban delegation was welcomed. Fawzia Koofi, a former member of parliament who took part in a previous round of meetings in Moscow, said the presence of women in the Taliban team was a “good step”.

“Only women can feel the pain and miseries that Afghan women have suffered. The presence of women among the Taliban negotiators shows that the Taliban’s ideology has changed.”

Jean Shaheen, a member of the U.S. Senate Armed Services Committee, who has been pressing for women to play a role in the peace talks, said such inclusion would be vital for future international support for Afghanistan.

“There are certain levers that we have, that the Taliban are interested in,” she told reporters in Kabul, where she was visiting as part of a Congressional delegation. “There is going to be an interest in economic support after the conflict ends.”

“I think if the Taliban has any interest in getting international support … it would be in their interest to recognize the importance of including women and including human rights as part of any settlement that happens.”

(Additional reporting by James Mackenzie; Editing by Frances Kerry)

Source: OANN

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EU needs central supervisor to tackle money laundering ‘rats’: Latvia’s PM

Latvian Prime Minister Krisjanis Karins delivers a speech during a debate on the future of Europe, at the European Parliament in Strasbourg
Latvian Prime Minister Krisjanis Karins delivers a speech during a debate on the future of Europe, at the European Parliament in Strasbourg, France, April 17, 2019. REUTERS/Vincent Kessler

April 17, 2019

By Foo Yun Chee

STRASBOURG (Reuters) – Latvian Prime Minister Krisjanis Karins pledged on Wednesday to rid the country’s banking system of money-laundering “rats” in a year, as the Baltic state faces international pressure over its ability to counter financial crime.

In a speech to European Union lawmakers, Karins also said the best way to address the problem across the bloc was to set up a central supervisor to monitor and tackle money laundering, replacing the patchwork of national watchdogs that have sometimes proved ineffective against cross-border crime.

EU lawmakers and the European Central Bank have repeatedly called for the creation of a new supervisor against financial crime, but many EU governments have opposed the move as they prefer leaving powers at a national level.

Karins said he wanted to turn the Latvian banking system into “the cleanest” in Europe, after its reputation was tarnished by the collapse last year of ABLV, the country’s largest bank, amid money-laundering allegations.

Karins said he was confident that in a year’s time he could be in a position to provide tips to other Europeans on how to clean up banking systems.

“But it’s a little bit like fighting rats. I can make sure that I get the rats out of my house and my house will be clean, but what about my neighbors?” he told lawmakers.

Baltic and Nordic countries are grappling with a huge money-laundering scandal, after allegations the Estonian branch of Danske Bank, Denmark’s largest lender, handled 200 billion euros ($226 billion) in suspicious transactions of Russian money between 2007 and 2015.

Sweden’s Swedbank has recently been drawn into the scandal, after it was reported that it handled some of the same payments that went through Danske..

“The criminals may have left Latvia for now but they have unfortunately, I’m convinced, not left Europe,” Karins said, adding the problem concerned all European states.

Latvia faces a review by international money-laundering standards watchdog Moneyval in the coming months, which some officials fear could label the country as risky, alongside the likes of Serbia and Pakistan..

(Reporting by Foo Yun Chee in Strasbourg and Clare Roth in Brussels; Writing by Francesco Guarascio; Editing by Mark Potter)

Source: OANN

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Florida man charged with sexual battery on underage girl he allegedly lured after claiming to be 'Instagram famous'

A man was charged with sexual battery after he allegedly hired a driver to transport an underage girl from Texas to his family's home in Florida before holding her captive for three days, police said.

Richard Brown, 25, allegedly convinced the young girl he was "Instagram famous" and could provide for her. The two met on the social-media site and chatted for several months before Brown convinced her to visit him at his parents' home in Apopka, Fla., near Orlando, according to an affidavit. He then allegedly paid over $800 for the car taking her from San Antonio to Apopka.

When she got there, however, she realized that he was not who she believed he was -- but he responded by claiming she "owed him for bringing her out here," investigators said. She allegedly was sexually battered several times while the suspect took drugs including cocaine over the course of three days, the affidavit stated.

DOG DIES AFTER ATTACKING GUNMAN, PROTECTING FAMILY DURING SHOOTING

Eventually, after Brown fell asleep, the girl was able to escape the home and tried to walk to a fire station while video-chatting with her mother, according to investigators, who added that she ultimately called 911.

"We see several inconsistencies with this affidavit," Brown's attorney told Fox 35. "The victim said to police she met Mr. Brown through Instagram but somehow her account was hacked, couldn't download the messages to show police."

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Brown reportedly said that he was friends with the girl and that they had not had sex, and he denied taking drugs.

Brown reportedly faced three charges of sexual battery on a child aged 12-17, and one charge of contributing to the delinquency of a minor. He was behind bars in Orange County on $40,000 bond.

Source: Fox News National

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Feds: Chinese Woman Brought Malware Into Mar-a-Lago

A woman carrying two Chinese passports and a device containing computer malware lied to Secret Service agents and briefly gained admission to President Donald Trump's Mar-a-Lago club over the weekend during his Florida visit, federal prosecutors allege in court documents.

Yujing Zhang, 32, approached a Secret Service agent at a checkpoint outside the Palm Beach club early Saturday afternoon and said she was a member who wanted to use the pool, court documents said. She showed the passports as identification.

Agents say she wasn't on the membership list, but a club manager thought Zhang was the daughter of a member. Agents say that when they asked Zhang if the member was her father, she did not answer definitively but they thought it might be a language barrier and admitted her.

Zhang's story changed when she got inside, agents say, telling a front desk receptionist she was there to attend the United Nations Chinese American Association event scheduled for that evening. No such event was scheduled and agents were summoned.

Agent Samuel Ivanovich wrote in court documents that Zhang told him that she was there for the Chinese American event and had come early to familiarize herself with the club and take photos, again contradicting what she had said at the checkpoint. She showed him an invitation in Chinese that he could not read.

He said Zhang was taken off the grounds and told she could not be there. Ivanovich said she became argumentative, so she was taken to the local Secret Service office for questioning.

There, he said, it became clear Zhang speaks and reads English well. He said Zhang said she had traveled from Shanghai to attend the nonexistent Mar-a-Lago event on the invitation of an acquaintance named "Charles," whom she only knew through a Chinese social media app. Ivanovich said she then denied telling the checkpoint agents she was a member wanting to swim.

Ivanovich said Zhang carried four cellphones, a laptop computer, an external hard drive and a thumb drive containing computer malware. She did not have a swimsuit.

Zhang is charged with making false statements to federal agents and illegally entering a restricted area. She remains in custody pending a hearing next week. Her public defender, Robert Adler, declined comment.

There is no indication Zhang was ever near the president. There is also no indication that she is connected to Li Yang, a Chinese native, Republican donor and former Florida massage parlor owner. Yang recently made news after it was learned she was promising Chinese business leaders that her consulting firm could get them access to Mar-a-Lago, where they could mingle with the president.

Source: NewsMax America

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Concern raised over SKorean treatment of Bloomberg reporter

International journalists' organizations have expressed concern over South Korea's press freedoms after the country's ruling party singled out a Bloomberg reporter over what it claimed was a "borderline treacherous" article insulting President Moon Jae-in, resulting in threats to the reporter's safety.

The Democratic Party said Tuesday that it has no immediate plans to withdraw a March 13 statement by spokesman Lee Hae-sik, who attacked the reporter by name over a September article whose headline described Moon as acting as the "top spokesman" of North Korean leader Kim Jong Un at the U.N. General Assembly.

Moon's office has refused to answer multiple requests for comment. The Blue House responded sharply last week after a conservative lawmaker during a parliamentary speech borrowed the Bloomberg headline to criticize Moon's diplomacy with Pyongyang.

Source: Fox News World

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U.S. looking at responses to unilateral digital taxes: Treasury official

FILE PHOTO: Apple company logos are reflected on the glass window outside an Apple store in Shanghai
FILE PHOTO: Apple company logos are reflected on the glass window outside an Apple store in Shanghai, China January 3, 2019. REUTERS/Aly Song/File Photo

March 12, 2019

PARIS (Reuters) – The U.S. government is looking at how to respond to plans by governments such as France and Britain for taxes specifically targeting digital companies, a senior U.S. Treasury official said on Tuesday.

France and Britain as well as Italy and Spain are pushing ahead with plans for such taxes at the national level after EU countries failed to reach an agreement for the bloc as a whole.

Other countries outside the EU such as Australia are also planning such taxes in the absence of a broader reform of international tax rules to account for the rise of big digital companies such as Apple, Google and Facebook.

Chip Harter, the U.S. Treasury’s top international tax official, said such unilateral taxes were “ill conceived” and that it was better to pursue broader international tax reform at the Organisation for Economic Co-operation & Development (OECD).

“The challenges facing the international tax system are just far broader than how to tax social media and search engines,” Harter told journalists in Paris before talks at the OECD, a club of mostly wealthy nations, later this week.

The emergence of digital giants has pushed international tax rules to the limit because they can book profits in countries with the lowest taxes no matter where the customer is, which some countries like France say is unfair.

“The United States opposes any digital services tax proposals whether they be French or UK,” Harter said.

“What we have seen of the most recent French proposals, we view them as highly discriminatory against U.S. businesses … Various parts of our government are studying whether that discriminatory impact would give us rights under trade agreements, WTO, treaties,” he added.

Global reform of international tax rules have been debated for years but progress has been slow in the face of widely varying national interests.

A new push is under way at the Paris-based OECD after nearly 127 countries and territories agreed in January that any revision of global tax rules should tackle some of the most vexed issues, such as how to divide up the right to tax digital firms’ cross-border income between countries.

Speaking in a public session of a meeting of EU finance ministers, Romania’s Eugen Teodorovici said EU governments will focus on trying to reach a common position over the OECD-led overhaul.

If that reform were delayed beyond 2020, the EU could restart talks for its own tax, after they foundered because of the opposition of some governments in the 28-nation bloc.

(Reporting by Leigh Thomas; Additional reporting by Francesco Guarascio; Editing by Alison Williams)

Source: OANN

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Senior White House adviser Jared Kushner said Tuesday that a detailed plan for a merit-based immigration system will be presented to President Trump, giving priority to skilled immigrants rather than those with family ties to the U.S.

“I do believe that the president’s position on immigration has been maybe defined by his opponents by what he’s against as opposed to what he’s for,” Kushner said at the Time 100 Summit in New York City. “What I’ve done is I’ve tried to put together a very detailed proposal for him.”

KUSHNER: RUSSIA INVESTIGATION HAD ‘HARSHER IMPACT’ ON US THAN ELECTION MEDDLING

Kushner announced that the new immigration proposal, which Trump will receive this week or next, will resemble the point-based systems in Canada, Australia and New Zealand, and will unify people by ensuring strong wages and secure borders while protecting humanitarian values.

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term,” he said. “And my hope is we can really do something that unifies people around what we’re for on immigration.”

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term. And my hope is we can really do something that unifies people around what we’re for on immigration.”

— Jared Kushner

JARED KUSHNER RESPONDS AFTER HASAN MINHAJ CALLS OUT HIS TIES TO SAUDI PRINCE

Kushner denied in the same talk that he has clashed with White House staffer Stephen Miller, who’s seen as tougher on immigration than others, adding that the plan was concocted with the help of Miller and Kevin Hassett, chairman of the Council of Economic Advisers.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison,” Kushner joked, referring to the Israel-Palestine peace plan he’s working on.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison.”

— Jared Kushner

After the plan gets presented to Trump, it will likely undergo some changes and then he will decide when to proceed with it, Kushner said.

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“It’s very, very complicated, but it’s a very interesting issue, and if we can solve it, I do think it’s a critical component for America’s long-term competitive advantage,” he added.

The Associated Press contributed to this report.

Source: Fox News Politics

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Brazilian President Jair Bolsonaro on Thursday said his government must make men aware of the dangers of poor hygiene after expressing dismay over the 1,000 penis amputations that apparently occur in his country each year.

“In Brazil, we have 1,000 penis amputations a year due to a lack of water and soap,” he said while speaking to reporters in Brasilia after visiting the Education Ministry. “We have to find a way to get out of the bottom of this hole.”

The far-right leader called the figure “ridiculous and sad,” Reuters reported. A spokeswoman for the Brazilian urology society told the news agency the number is based on its official data for penis amputations.

CLICK HERE TO GET THE FOX NEWS APP

The amputations were conducted out of necessity over untreated infections, along with complications from HIV and various cancers, she said.

Source: Fox News World

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A top Russian diplomat says Russia is willing to negotiate a new nuclear weapons treaty with the United States and China.

Deputy Foreign Minister Sergei Ryabkov told reporters on Friday Moscow is closely following reports in the United States that the U.S. would like to reach a nuclear weapons deal with both Russia and China, and is “willing” to negotiate. The story was reported by CNN earlier Friday.

Ryabkov also said that Russia “would like to convince” the U.S. to adopt a joint statement that would condemn any use of nuclear weapons.

Ryabkov’s comments come just months after the U.S. withdrew from the Intermediate-Range Nuclear Forces Treaty, a cornerstone of the post-Cold War security, and Russia followed suit. Each claims breaches by the other.

Source: Fox News National

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Government dysfunction and an intelligence failure that preceded the Easter Sunday bombings in Sri Lanka are traced to simmering divisions between the president and prime minister after a weekslong political crisis that crippled the country last year.

The government has admitted to a “lapse of intelligence” after officials failed to act upon near-specific information received from foreign agencies. Suicide bombers exploded themselves last Sunday in three churches and three luxury hotels, killing 253 people and wounding 400 more. Authorities said eight Muslim militants blew themselves up at their targets while the wife of one of the attackers blasted herself on being rounded up by police.

The carnage has brought forth arguments that worshippers and holidaymakers fell victim to the rivalry and a lack of communication between the country’s two leaders — President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

The Cabinet led by Wickremesinghe says neither he nor his ministers were informed of the intelligence received by the defense authorities. Sirisena is the head of state, defense minister, minister in charge of the police and head of the armed forces. He also chairs the National Security Council, which includes the heads of security agencies and departments. Traditionally the prime minister also plays an important role on the council.

According to Health Minister Rajitha Senaratne, Sirisena has not included Wickremesinghe in national security affairs since a dispute between them came into the open in October last year. This is an unusual departure from the protocol, he said.

Senaratne said that Sirisena was overseas when the attacks took place and even after that, the National Security Council refused to meet with Wickremesinghe as he tried to give them instructions.

Sirisena has also said that he was not informed of the intelligence received and vowed to overhaul the leadership of the defense forces.

The top bureaucrat at the Defense Ministry, Hemasiri Fernando, has resigned at Sirisena’s insistence.

“It is a major factor,” said Jehan Perera, the head of local activist group National Peace Council, referring to the alleged lack of coordination between the leaders contributing to the failure to prevent the attacks.

“The primary responsibility has to be taken by the president, he did not give the information and he did not act,” Perera said. “He had the Ministry of Defense, took the police from the prime minister, chaired the National Security Council meetings and did nothing,” Perera said.

Kusal Perera, a journalist and political commentator, says security and intelligence officials should have acted on the information whether or not they received orders from politicians.

“If they (Wickremesinghe and his party) were not invited to the National Security Council, why did not they say in Parliament that they were not responsible for the security of the country any longer,” said Perera, who is not related to Jehan Perera.

“Saying that now is taking political advantage, not taking responsibility,” he said.

Sirisena and Wickremesinghe belong to different political parties but came together for Sirisena’s presidential campaign in 2015. Their relationships broke down and their differences exploded last year when Sirisena suddenly sacked Wickremesinghe as prime minister and appointed in his place former strongman Mahinda Rajapaksa, whom he defeated in the presidential election. The crisis crippled the country for more than seven weeks to the point of not being able to pass this year’s national budget on time.

A court decision compelled Sirisena to reappoint Wickremesinghe, but the two leaders have been rivals within the same government.

Rajapaksa, who is the minority leader in Parliament, blames the government for weakening intelligence and dropping its guard, which he had maintained to defeat the separatist Tamil Tiger rebels 10 years ago to end the 26-year-old civil war. He also criticized the government for the detention of intelligence officers accused of extrajudicial killings and abductions during the closing days of the war, which he said crippled the security apparatus before the bombings. According to conservative U.N estimates, some 100,000 people were killed in Sri Lanka’s conflict.

Sirisena summoned an all-party conference Thursday to which Wickremesinghe was also invited. At the conference, Sirisena stressed “setting aside all the political beliefs and difference (so that) everybody should collectively commit towards building a peaceful environment within the country,” a statement from his office said.

“It is not a secret that the disagreements between me and the government aggravated over the past two years,” Sirisena told the country’s media executives Friday. “One of the reasons for that is weakening of military intelligence and arresting military officials unnecessarily and my speaking up against it within and outside the government.”

Jehan Perera said that the security threat could prove politically advantageous to Rajapaksa and his family, with a presidential election scheduled at the end of this year. Gotabhaya Rajapaksa, a younger brother of Mahinda, was the powerful defense secretary during his brother’s reign and has expressed his interest to join the contest.

“People are saying we want a stronger leader and they are talking about Gotabhaya. It (the blasts) has worked to their benefit,” Perera said.

Source: Fox News World

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Cyprus police are intensifying a search for the remains of more victims at locations where an army officer, who authorities say admitted to killing five women and two girls, allegedly had dumped their bodies.

Police said Friday’s search will concentrate on a military firing range, a reservoir and a man-made lake near an abandoned mine approximately 32 kilometers (20 miles) west of the capital Nicosia.

On Thursday, the 35-year-old suspect told investigators that he had killed four more people than he had previously admitted to. All the suspect’s alleged victims are foreign nationals.

Police have already found the bodies of a 38-year-old Filipino woman and two as yet unidentified women.

Search crews are now looking for the daughter of the 38-year-old, a Romanian mother and daughter and another Filipino woman.

Source: Fox News World

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