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Don Jr.: The ‘Alliance’ Between Big Tech And The Activist Left ‘Prevents People From Being Heard’

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ECB rate hike timing pushed further back again: Reuters poll

FILE PHOTO: A worker sorts packages at the Amazon warehouse in Leipzig
FILE PHOTO: A worker sorts packages at the Amazon warehouse in Leipzig, December 3, 2008. REUTERS/Fabrizio Bensch/File Photo

April 5, 2019

By Shrutee Sarkar

BENGALURU (Reuters) – The European Central Bank will delay any interest rate hikes further into next year than previously thought as euro zone economic growth and inflation prospects have dimmed, a Reuters poll of economists showed.

That change comes only a few months after the central bank shut its monthly asset purchases, known as quantitative easing (QE), and March’s offer of new long-term loans, or TLTROs, to start in September.

It is not very different elsewhere in the world, with growth in most major economies predicted to slow and central banks, including the U.S. Federal Reserve, expected to hold off on policy tightening.

The ECB is already on its longest break from changing rates and this week’s poll of more than 80 economists showed the central bank will delay any tightening even further.

“To some extent, the ECB’s concerns are understandable as its toolbox is empty. Of course, when push comes to shove, the ECB could restart QE. They could even follow the BoJ in its footsteps, buying equities at some point,” said Elwin de Groot, head of macro strategy at Rabobank.

“But after massive QE, negative deposit rates and strong forward guidance, core inflation for March still stood just 0.2 percent shy of its all-time low. So the ECB may well prove to be relatively powerless.”

The poll showed the ECB is expected to lift interest rates later next year, but inflation was forecast to remain below the Bank’s target of just under 2 percent for at least the next three years.

Inflation was forecast to average 1.4 percent in 2019, 1.5 percent in 2020 and 1.6 percent in 2021, broadly unchanged from last month.

“The ECB cannot increase rates just yet, simply because inflation is too weak. They will continue to reinvest everything that comes to maturity in their asset portfolio at least until 2021,” said Julien Manceaux, senior economist at ING.

The consensus was for the euro zone economy to grow between 0.2 and 0.4 percent each quarter through to the end of next year, a slight downgrade from last month. One contributor forecast outright contraction next year.

Twenty-nineteen and 2020 growth outlooks for big euro zone economies were downgraded or at best left unchanged in the latest poll compared with the January poll.

Still, the ECB is forecast to raise its deposit rate by 10 basis points to -0.30 percent in the third quarter of 2020, according to the consensus, compared with a second quarter hike expected in the previous poll.

But whether the first rate hike comes in the third or fourth quarter was on a knife edge.

Of economists with a view that far out, 51 percent predicted rates to have risen by the end of the third quarter next year and over 55 percent expect it by end-2020.

The refinancing rate was forecast to remain on hold at zero through to the end of next year at least. Last month, a hike was expected at the end of next year.

This latest poll was also the first since 2016 when any respondent has forecast the deposit rate would be cut further. That call echoes eonia money market futures, which have priced in a small chance of a rate cut this year.

“We think a U.S. recession in 2020 will prevent any further normalization moves and instead push the ECB to more accommodative monetary policy in September 2020,” noted Michel Martinez, chief economist for Europe at Societe Generale.

But over 65 percent of economists who answered an additional question said they were confident the euro zone economy would recover significantly from its current downturn. The remaining said they were not.

The median probability of a recession in the euro zone was unchanged at 20 percent in the next 12 months and 30 percent in the next two years.

“Both the ECB and the Fed have turned incrementally more dovish. If all else were to remain constant, this should provide support to the economy and risk assets,” noted Ajay Rajadhyaksha, head of macro research at Barclays.

(For other stories from the Reuters global long-term economic outlook polls package:)

(Additional reporting by Richa Rebello, polling by Sarmista Sen, Manjul Paul and Sumanto Mondal)

Source: OANN

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Modi’s alliance to win slim majority in Indian election, poll shows

FILE PHOTO: Indian Prime Minister Narendra Modi gestures as he speaks after releasing BJP's election manifesto for the April/May general election, in New Delhi
FILE PHOTO: Indian Prime Minister Narendra Modi gestures as he speaks after releasing India's ruling Bharatiya Janata Party (BJP)'s election manifesto for the April/May general election, in New Delhi, India, April 8, 2019. REUTERS/Adnan Abidi/File Photo

April 9, 2019

By Subrat Patnaik

NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s ruling alliance will win a thin majority in a general election that starts on Thursday, an average of four opinion polls showed, with a focus on national security appearing to trump concerns over jobs and farm prices.

The coalition led by Modi’s Hindu nationalist Bharatiya Janata Party (BJP) is expected to win 273 of the 543 parliament seats at stake, one more than the halfway mark required to rule. In the last election the alliance won more than 330 seats – the biggest mandate in three decades.

Most of the polling agencies that released surveys in the last four days said Modi got a boost from recent tension with arch enemy Pakistan after a militant group based there killed 40 Indian policemen in the disputed region of Kashmir in February.

“In today’s India we have seen perhaps for the first-time security issues competing with, and outdoing, a bread and butter issue like unemployment,” CVoter said in a statement.

“Primarily, the BJP has been unable to sufficiently distinguish itself from Congress when it comes to making people feel the difference in terms of their livelihoods and economic interests.

“However, when it comes to controlling and responding on terror the same set of respondents do feel a clear and visible difference.”

CVoter’s poll is the most conservative, predicting 267 seats for the ruling group, while the Times Now-VMR’s poll is the most bullish, with 279 seats.

The main opposition Congress and its allies are expected to more than double their seats to about 141 on average.

Pre-election opinion polls in India, with thousands of respondents, have proved unreliable several times in the past in a vast country of about 1.3 billion people, of whom about 900 million are eligible to vote.

Congress has accused the BJP of using retaliatory air strikes on Pakistan as a political tool and has instead highlighted job creation, tackling farm distress and empowerment of women, among its top priorities.

But the BJP has doubled down on national security issues, promising in its manifesto released on Monday to strip decades-old special rights from the people of Jammu and Kashmir.

Modi has said he will retain power with a bigger mandate than before, while Congress says its plan for annual handouts of 72,000 rupees ($1,034) to the poorest families will help fuel its comeback.

The election will be held in seven phases and votes will be counted on May 23, with results likely to be clear the same day.

($1=69.6025 Indian rupees)

(Reporting by Subrat Patnaik in New Delhi; Editing by Krishna N. Das and Clarence Fernandez)

Source: OANN

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AZ Police Keep Coming After Unvaccinated Child

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Puerto Rico debt adjustment plan not ‘realistic’ in April: official

FILE PHOTO - Natalie Jaresko, Executive Director of the Federal Fiscal Control Board of Puerto Rico attends a meeting of the Financial Oversight and Management Board for Puerto Rico at the College of Engineers and Land Surveyors in San Juan
FILE PHOTO - Natalie Jaresko, Executive Director of the Federal Fiscal Control Board of Puerto Rico attends a meeting of the Financial Oversight and Management Board for Puerto Rico at the College of Engineers and Land Surveyors in San Juan, Puerto Rico October 31, 2017. REUTERS/Alvin Baez

March 19, 2019

SAN JUAN (Reuters) – The executive director of Puerto Rico’s federally created financial oversight board said on Monday that a plan to restructure the U.S. commonwealth’s core government debt likely cannot be done by the end of April.

An attorney for the board last week told a U.S. judge who is hearing Puerto Rico’s bankruptcy cases that a draft plan was expected next month, according to local media reports.

But on Monday, the oversight board’s executive director, Natalie Jaresko, said the attorney meant to say that the plan could be filed with the court “at best” in April.

“I don’t think it’s highly realistic to do this by the end of April,” Jaresko said, adding that board’s goal is to seek court confirmation of a plan before year end.

Negotiations are ongoing with creditors over a plan of adjustment for roughly $13 billion of general obligation debt and almost $50 billion in unfunded pension obligations, although the board has asked the court to void more than $6 billion of GO bonds issued in 2012 and 2014.

“We’re trying not to do a cramdown, but I don’t know where that’s going to end up in the end,” Jaresko said, referring to a process where an adjustment plan could be imposed on certain creditors.

She took questions from the media following a meeting on Monday with members of the U.S. House Natural Resources Committee, which oversees U.S. territories and which has raised concerns over the 2016 federal Promesa law that created the oversight board.

“I think the Promesa law is working right now,” Jaresko said, adding that she cannot predict whether Congress would seek to revise it.

A committee spokesman did not immediately respond to a request for comment.

The privatization of Puerto Rico’s bankrupt power utility, PREPA, is “moving forward,” but its pace “needs to improve,” Jaresko warned.

Governor Ricardo Rosselló announced in January 2018 his plans to privatize PREPA, a process that was expected to take 18 months. It was not until earlier this year, however, that the government selected companies to bid on taking over the distribution and transmission of power on the island. The utility, which filed for bankruptcy in the summer of 2017, continues to negotiate with its creditors to restructure roughly $9 billion in debt.

Puerto Rico has won court approval for restructurings of debt from its Government Development Bank and Sales Tax Financing Corporation known as COFINA.

(Reporting by Karen Pierog in Chicago and Luis Valentin Ortiz in San Juan; Editing by Matthew Lewis)

Source: OANN

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IKEA to start serving salad grown at its stores

IKEA to test container farming technologyas part of their sustainability initiative
A basil plant and a red lettuce grown without soil, using nutrients and water while LED-lights give it the light it needs to grow, is pictured outside a 30 square meters farming technology container that IKEA, the world's biggest furniture group, tests at an IKEA store in Kaarst near Duesseldorf, Germany, April 3, 2019. REUTERS/Wolfgang Rattay

April 4, 2019

KAARST, Germany (Reuters) – IKEA, the world’s biggest furniture retailer, is preparing to serve lettuce grown in high-tech containers outside its stores as part of efforts to improve its environmental profile.

IKEA, which demonstrated one of the LED-powered containers at an event at a store in Kaarst, western Germany, expects to start serving home-grown salad to customers at its restaurants from pilot projects at two stores in Sweden next month.

“The conditions are perfect for maximum taste and growth and you also have the sustainability advantage because you don’t have the transport,” said Catarina Englund, innovation manager for the Ingka Group, which owns most IKEA stores.

The containers, managed by circular farming firm Bonbio, have four shelves, carrying up to 3,600 plants in total, fed by nutrients extracted from organic waste, including leftovers from IKEA’s restaurants. Circular farming involves waste food being turned into nutrients that are used to grow new crops.

The system, known as hydroponic farming, means the plants need no soil or pesticides, and use 90 percent less water and less than half of the area of conventional farming, with the LED lights to be powered by renewable energy, IKEA said.

One of the world’s biggest sellers of LED lights, IKEA also sells home hydroponic kits for hobby indoor gardeners.

Englund said about 15-20 kilograms of salad can be harvested a day from each container and the fact that the lettuce will be grown on site means production can be precisely tailored to the demand of a store, reducing food waste.

Sales of IKEA food like hotdogs or Swedish meatballs account for about 5 percent of the group’s 35 billion euros ($39.34 billion) of turnover.

(Reporting by Emma Thomasson; editing by Emelia Sithole-Matarise)

Source: OANN

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Swiss call off search after no one found in avalanche: police

The site of an avalanche is pictured in Crans-Montana
The site of an avalanche is pictured in Crans-Montana, Switzerland, February 19, 2019. Police Cantonale Valaisanne/Handout via REUTERS

February 20, 2019

CRANS-MONTANA, Switzerland (Reuters) – Rescuers who worked all night to try to find skiers who might have been trapped in an avalanche in the Swiss resort of Crans-Montana have called off the search after finding no more casualties, police said on Wednesday.

“The search continued all night and was halted this morning. It will resume if the situation requires. No disappearance has been signaled and the toll is four injured including one seriously,” Valais police said in a statement.

After a large avalanche spilled onto a piste on Tuesday, four people were pulled from the snow and remain in Sion hospital being treated for their injuries, including one victim in a critical condition.

(Reporting by Cecile Mantovani; Writing by Stephanie Nebehay; Editing by Alison Williams)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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Source: InfoWars

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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