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Powerful 7.5-magnitude quake hits eastern Ecuador

The U.S. Geological Survey says a very powerful magnitude 7.5 earthquake has struck eastern Ecuador close to its border with Peru.

The USGS said Friday morning's quake was near the town of Montalvo, Ecuador, at a depth of 132 kilometers (82 miles), nearly 17 kilometers (10 miles) south of the town of Montalvo.

There were no immediate reports of casualties.

Source: Fox News World

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South Africa church collapses during Easter service, killing at least 13, injuring 16: report

At least 13 people were killed Thursday evening after a church collapsed in South Africa, according to local media.

The collapse at the Pentecostal church in Dlangubo occurred during an Easter season service, South Africa's News24 reported.

Robert McKenzie, a KwaZulu-Natal emergency medical services spokesman, told the outlet that heavy rainfall may have been to blame. He said sixteen people were also injured.

Disaster management officials were dispatched to the site of the collapse. An investigation is underway.

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Dlangubo is located near the country's eastern shore, about a 3-hour drive south of Swaziland.

The Associated Press contributed to this report.

Source: Fox News World

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T-Mobile, Comcast launch anti-robocalling feature, claim industry’s first

A T-Mobile logo is seen on the storefront door of a store in Manhattan
FILE PHOTO: A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton

April 17, 2019

By Angela Moon

NEW YORK (Reuters) – T-Mobile said on Wednesday it has launched a call protection feature with Comcast Corp to help protect customers from answering robocalls and spams, as robocalls have swollen into a tide numbering in the millions every day.

Robocalls, automated telephone calls that deliver a recorded message, typically on behalf of a political party or telemarketing company, are on the rise. T-Mobile said its new feature identifies authentic calls across the networks with the sign “Caller Verified” appearing on phone screens.

The feature will be available to T-Mobile and Metro by T-Mobile customers on certain smartphone devices by Samsung Electronics Co Ltd and LG Electronics Inc, the mobile carrier said, adding that it is working with other phone makers like Apple Inc to launch the feature in the near future.

Last month, 5.2 billion robocalls were placed, an average of 168.8 million per day, according to YouMail, a robocall management company that tracks the volume of calls. Scams make up about 40 percent of all robocalls.

T-Mobile said its new feature will be available for Comcast Xfinity Voice home phone service customers later in the year.

The feature uses an industry standard, called “Secure Telephony Identity Revisited (STIR) and Secure Handling of Asserted information using toKENs (SHAKEN),” or STIR/SHAKEN, to identify authentic calls across the networks. In February, Federal Communications Commission Chairman Ajit Pai told major telecommunications providers that the agency would step in if they failed to implement the standard to fight robocalls this year.

“Robocalls and spam calls are an industry-wide problem, and we’ve got to join forces to keep consumers protected. Today, we’re the first to cross industry lines to do just that,” said John Legere, chief executive of T-Mobile.

While T-Mobile claims to be the first to implement the feature across two networks, AT&T in March announced that it had successfully tested what the company believes to be the first STIR/SHAKEN-authenticated call between two different telecom networks with Comcast.

(Reporting by Angela Moon; Editing by Leslie Adler)

Source: OANN

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Cycling: Colombian Pantano suspended after failing drug test

FILE PHOTO: Cycling - Tour de France cycling race - Stage 15 from Bourg-en-Bresse to Culoz, France
FILE PHOTO: Cycling - Tour de France cycling race - The 160-km (99,4 miles) Stage 15 from Bourg-en-Bresse to Culoz, France - 17/07/2016 - IAM team rider Jarlinson Pantano of Colombia reacts on the podium. REUTERS/Juan Medina/File Photo

April 15, 2019

(Reuters) – Colombian rider Jarlinson Pantano has been suspended after failing a drug test during an out-of-competition doping control carried out by the Cycling Antidoping Foundation in February, his team Trek-Segafredo said on Monday.

“It is with deep disappointment that we have just learned that our rider, Jarlinson Pantano, has been notified of an adverse analytical finding in a sample,” the U.S.-licensed team said in a statement.

“In accordance with our zero tolerance policy, he has been suspended immediately.

“We hold our riders and staff to the highest ethical standards and will act and communicate accordingly as more details become available.”

Cycling Weekly reported the 30-year-old returned an adverse analytical finding for Erythropoietin (EPO) after he was tested on Feb 26.

“In accordance with UCI Anti-Doping Rules, the rider has been provisionally suspended until the adjudication of the affair,” the International Cycling Union (UCI) said in a statement.

“At this stage of the procedure, the UCI will not comment any further on this matter.”

Pantano can now request that his B sample by analyzed.

After turning professional with Colombia-Coldeportes in 2012, Pantano went on to ride for IAM Cycling in 2015 and 2016, before joining Trek in 2017.

He has picked up four wins during his career – a stage of the Tour de Suisse, a stage of the 2016 Tour de France, the Colombian national time trial championship and a stage of last year’s Volta a Catalunya.

(Writing by Zoran Milosavljevic; Editing by Pritha Sarkar)

Source: OANN

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Lenders and travelers stick with Ethiopian Airlines, for now

Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Flight ET 302 plane crash victims at the scene of a plane crash, near the town of Bishoftu, southeast of Addis Ababa
FILE PHOTO: Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Flight ET 302 plane crash victims at the scene of a plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 12, 2019. REUTERS/Baz Ratner

March 19, 2019

By Omar Mohammed

NAIROBI (Reuters) – Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines’ quest to become Africa’s dominant carrier, despite a March 10 crash that killed 157 people.

The causes of the Flight 302 tragedy will likely take months to establish. While much of the international focus has been on U.S. planemaker Boeing and its 737 MAX 8 jet, the airline’s reputation could also hinge on the results of the investigation.

Although crash inquiries focus on preventing future accidents rather than attributing liability, any findings that the carrier fell short in plane maintenance or piloting could be damaging.

For the present, however, passenger confidence in Ethiopian Airlines, long regarded as one of the most reliable in Africa, has remained steady, according to the company. Cancellation and booking rates are unchanged since the crash, said spokesman Asrat Begashaw.

“We are operating as normal,” he told Reuters. “Our brand is keeping its level, and we are okay.”

Two banking sources with knowledge of the matter said that, barring a major new twist in the investigation with long-term fallout, banks were still comfortable lending to Ethiopian Airlines.

“Ethiopian is a solid company,” said one, an official from an international bank that helped finance the acquisition of some Ethiopian Airlines planes. “No reason to change the way the bank sees its credit risk at this point.”

A vote of confidence from lenders is important for the airline because its years of rapid expansion have largely been financed by international borrowing.

The second source, a top European aviation banker, said Ethiopian Airlines was “a good airline, with a good reputation”.

“So unless it (the crash) is a major problem of piloting or maintenance – and it is far too early to talk about that – they will still have access to financing,” the source added.

The sources declined to be identified because the matters are confidential.

FOREIGN INVESTORS

Ethiopian Airlines has borrowed from foreign banks including JP Morgan, ING Capital and Societe Generale over the past decade. It also has outstanding bonds worth $540 million, though none due until 2024, Refinitiv data shows.

The borrowing helped finance the acquisition of stakes in or establish partnerships with at least four African carriers, establishing hubs to feed traffic into Addis Ababa. Last year, the Ethiopian capital overtook Dubai as the main gateway for long-haul passengers into Africa.

The airline’s fleet grew from 35 planes in 2007 to 111 in 2019. It now flies to more than 119 international destinations, up from 52 a decade ago.

The expansion has made the state-owned carrier, founded in 1945, the most profitable major airline on the continent. Ethiopian’s net profit in the 2017/18 financial year rose to $233 million from $229 million the previous year; operating revenue jumped 43 percent to $3.7 billion.

Last year, Prime Minister Abiy Ahmed announced plans to sell a minority stake in the airline as part of a broad strategy to open up the country to foreign investors.

Industry analysts said it was too early to evaluate the impact of the crash on the airline’s long-term plans but said, for now, its reputation remained largely intact.

“It’s a very strong management team, with good vision,” said Nawal Taneja, an author and professor at Ohio State University’s Center for Aviation Studies. “We’ve got to look at the strength of the airline as a whole, not just this one incident.”

PARTNERS, BOEING BOOKINGS

Those who want to travel across Africa have few options other than flying. Conflict, poor roads, and limited cross-border train transport often make travel by land difficult.

Analysts said the crash was unlikely to damage Ethiopian’s partnerships with African carriers, key to a strategy that helped increase passenger numbers from 2.5 million a decade ago to 10.6 million last year, or with other industry players.

One such partner is ASKY, a Togo-based carrier which Ethiopian Airlines helped launch in 2010.

“Ethiopian’s accident has not affected our partnership in any way,” said Lionel Tsoto, the airline’s head of public relations. “We continue just as before.”

Global aviation leasing firm GECAS said the airline was a “close and valued partner who we look forward to working with in the future”.

The crash, which saw the Nairobi-bound flight go down minutes after take-off from Addis Ababa, triggered a global grounding of 737 MAX planes, wiping about 10 percent off Boeing’s share price. GRAPHIC: http://graphics.thomsonreuters.com/testfiles/boeing737maxseries

Investigators have noted similarities with another deadly crash in Indonesia five months ago involving a plane of the same type owned by Lion Air, but safety officials stress the investigation is at an early stage.

Ethiopian Airlines, which grounded its handful of remaining 737 MAX planes, said it would decide whether to cancel orders for 29 others after a preliminary investigation.

Analysts said it was unlikely that the carrier would cancel the orders, worth $3.5 billion at the current list price, because Boeing would have to fix any problems before regulators permit the jet to fly again.

Boeing will be keen to retain the airline as a customer; more than half of Ethiopian’s fleet are Boeing jets.

“Ethiopian have been very loyal to Boeing in the past,” said Phil Seymour, chief executive of the IBA Group, a Surrey-based aviation consultancy.

“They will be in control of the conversation with Boeing now,” he added. “I would suspect that the business decision is to stick with the order.”

(Additional reporting by Tim Hepher and Inti Landauro in Paris, Rachel Armstrong in London, Maggie Fick in Addis Ababa and John Zodzi in Lome; Editing by Katharine Houreld, Alexandra Zavis and Pravin Char)

Source: OANN

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Tammy Bruce: Entire admissions system needs to be evaluated

Independent Women’s Voice president Tammy Bruce told “Tucker Carlson Tonight” Tuesday that the “entire” admissions process system must be reevaluated on the heels of new charges in the college admissions scandal.

“We're focused on these actresses and they're behaving very differently from each other in this regard. The Department of Education is investigating the eight colleges involved but I think this tells us, Tucker, that this entire system has to be looked at,” Bruce said.

LORI LOUGHLIN APPEARED ‘ARROGANT’ IN COURT WHILE FELICITY HUFFMAN LOOKED ‘MORE GENUINE,’ SAYS SKETCH ARTIST

“It's not just the eight colleges that were caught being involved. I think it's an it's an infrastructure of entitlement because of the liberalism that guides that institution as a whole.”

Actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, were indicted on fraud and money laundering charges Tuesday in the multimillion-dollar college admissions cheating scam that has ensnared dozens of wealthy parents trying to get their kids into the nation's most prestigious colleges.

Bruce and Carlson discussed the issue of transparency with colleges in regards to admissions citing that the instituions receive government funds.

WILLIAM H. MACY'S 'BEST ADVICE' BEFORE FELICITY HUFFMAN'S ARREST IN ALLEGED COLLEGE ADMISSIONS SCAM RESURFACES

“Since we fund these institutions through tax dollars and tuition. Why shouldn't we have some transparency in the admissions process? Why shouldn't we know how people get into college is the gateway to this to success in our society?” Carlson asked.

“We've got eight universities, six of them are private and two of them are public. However even with private institutions like Harvard, conservatives complain understandably a lot that we give research grants to these private institutions, right,” Bruce said.

Fox News' Sasha Savitsky and The Associated Press contributed to this report.

Source: Fox News National

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EU sugar rises as regional market tightens, world prices languish

A farmer harvests a sugar beet field in Puits-la-Vallee
A farmer harvests a sugar beet field in Puits-la-Vallee, northern France, November 17, 2017. REUTERS/Benoit Tessier

April 8, 2019

By Maytaal Angel

LONDON (Reuters) – Spot sugar prices in the European Union are recovering from last year’s record lows as world prices languish, prompting a pick-up in imports to one of the few global regions where output is slumping.

The EU sugar market is restructuring, with Europe’s biggest sugar refiner Suedzucker planning to shut five plants next season in a bid to combat overproduction, which soared in 2017/18 after the EU scrapped output and export quotas.

Spot EU white sugar prices were at 422 euros ($474) a tonne in late March, according to price provider S&P Global Platts, while global white sugar prices on ICE are currently at around $330 a tonne, not far off the 2018 decade low of $307.50.

(Graphic: EU versus global white sugar prices – https://tmsnrt.rs/2WKQfre)

The rise in spot EU prices is not captured in official European Commission data, which shows average prices at end-January at 312 euros a tonne based on invoices paid by buyers who booked their purchases at the start of the season.

“Commission price data is lagged. At sugar conferences at the moment people talk of low European prices, but in the real world prices have firmed up quite a bit and should continue to do so,” said John Stansfield, a sugar analyst at Group Sopex.

The rise in prices follows a poor EU harvest that has left output for the 2018/19 season at around 18 million tonnes, down some 3 million tonnes from 2017/18. The 2019/20 EU harvest is also seen at around 18 million tonnes following reduced beet plantings.

EU sugar stocks meanwhile slumped to 12.7 million tonnes at the end of January from 15.2 million a year earlier, European Commission data shows.

(Graphic: EU sugar stocks – https://tmsnrt.rs/2CUZYDQ)

“The EU market is gradually turning into a balanced situation, which is encouraging. Nobody is making money at these prices,” said Julian Price, consultant at julianprice.com and former trader at ED&F Man.

Suedzucker, which plans to reduce output by 700,000 tonnes per year starting next season, expects to make another operating loss in its sugar segment of 200-300 million euros in 2019/20. France’s Tereos, the world’s second-largest sugar maker, expects a full-year loss for 2018/19.

Agritel analyst Francois Thaury said the EU spot price rise was for now hurting regional sugar makers, many of which sold forward expecting a bumper crop and have been left scrambling for spot supplies to fill sales obligations.

They should eventually benefit, he said, but noted that EU sugar imports were also rising, meaning prices were capped and could come off the boil.

Sugar imports into the EU were at 163,000 tonnes in January, around double the year-earlier level, European Commission data shows. Although the imports are capped by a tariff regime, allocated tariff-free flows can still work to cool the market.

(Graphic: EU sugar imports – https://tmsnrt.rs/2WOOs4D)

For the non-EU market, reduced output in a key consuming region such as Europe comes as welcome relief to exporters scrambling for new markets.

Analysts expect the global sugar market to record a deficit of 1.9 million tonnes in 2019/20, but following years of surplus, stockpiles are plentiful, keeping prices stubbornly range-bound near decade lows.

(Graphic: World sugar market balance – https://tmsnrt.rs/2CWQVCh)

(Reporting by Maytaal Angel; Editing by Nigel Hunt and Dale Hudson)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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