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Fitch says 737 Max grounding to hurt Asian airline industry more in second quarter

FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton
FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File Photo

April 5, 2019

(Reuters) – Fitch Ratings said on Friday the impact on the airline industry in Asia from the grounding of Boeing 737 Max jets has been muted so far but may worsen in the second quarter of 2019.

Boeing’s top-selling aircraft has been grounded worldwide since the March 10 Ethiopian Airlines disaster, which killed 157 people, and came just five months after a Lion Air crash in Indonesia that killed 189.

The grounding of the model has had a limited impact on the fares and performances of airlines in most markets due to seasonally low demand in the first quarter, Fitch said in its report.

It added that there is limited flexibility for airlines to switch to alternatives from Airbus or Boeing.

The Indian aviation market, however, has seen a sharp rise in air fares in the recent months due to tight supply, partly worsened by the suspension of the 737 MAX, Fitch said.

A preliminary report in the Ethiopian crash on Thursday showed that the doomed 737 MAX jet hit excessive speed and was forced downwards by a wrongly-triggered automation system as pilots wrestled to regain control.

(Reporting by Gaurika Juneja and Kanishka Singh in Bengaluru; Editing by Gopakumar Warrier)

Source: OANN

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Russia accuses Norwegian man of submarine espionage

A Russian prosecutor says that a Norwegian man jailed on espionage charges has acquired classified information on Russian nuclear submarines.

Frode Berg was arrested in Moscow in December 2017. His lawyer says that Berg, a retired Norwegian border inspector, is the victim of a setup.

Prosecutor Milana Digayeva told Russian news agencies on Tuesday as Berg's trial began that the Norwegian man was collecting information about Russian nuclear submarines. The case is being heard behind closed doors for secrecy reasons.

Digayeva said that Berg, who was allegedly on the payroll of Norwegian intelligence, was caught red-handed with the documents he had received from an employee of a military facility who was shadowed by Russian intelligence.

Source: Fox News World

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Now grown up: the Rwandan genocide orphans who found a bigger family

Mukarusagara Emerithe, a genocide survivor and one of the caretaker at the Agahozo-Shalom Youth Village built to rehabilitate children who lost their families in the 1994 Rwandan genocide, poses for a photograph with some genocide survivors in Rwamagana
Mukarusagara Emerithe, a genocide survivor and one of the caretaker at the Agahozo-Shalom Youth Village (ASYV) built to rehabilitate children who lost their families in the 1994 Rwandan genocide, poses for a photograph with some other genocide survivors in Rwamagana, Eastern Province of Rwanda April 1, 2019. REUTERS/Jean Bizimana

April 4, 2019

By Clement Uwiringiyimana

AGAHOZO SHALOM YOUTH VILLAGE, Rwanda (Reuters) – Vicent de Paul Ruhumuriza was born in Rwanda just a few months before genocide consigned his father to an unknown grave and traumatized his mother so badly she still screams and shakes at any mention of that time.

But, helped by a model of healing dating back to the Holocaust, the 25-year-old has finished his education and blended into a new family, where individuals grieving lost loved ones have rebuilt their lives by caring for each other.

“People should not be driven by the past,” the bearded young man told Reuters this week, as the country prepared to mark a quarter of a century since Hutu militias killed around 800,000 Tutsis and moderate Hutus. “I want to grow into someone who will benefit society.”

Seven years ago, Ruhumuriza’s life was on course to become another small tragedy in a nation where every family is touched by grief.

He and his mother lived in poverty. His father’s death in the genocide was a mystery – the only time he ever tried to ask about it, his mother had a breakdown.

“Other people … told how she was beaten, how she was tortured, got raped,” he said. “She became like a mad person. She got traumatized.”

THE PLACE WHERE TEARS ARE DRIED

Then, in 2014, just as Ruhumuriza was about to drop out, his school got in touch with the Agahozo Shalom Youth Village, whose Hebrew-Kinyarwandan name translates as “the place where tears are dried”.

The village was set up in 2008 by a South African-born lawyer, Anne Heyman, who had worked in the United States. Heyman and her husband raised more than $12 million to help care for families ripped apart by the genocide, taking their model from Israel’s Youth Villages, which created new families for children whose parents had died in the Holocaust.

Rwanda’s genocide, sparked by the assassination of the president, lasted around 100 days and stopped after rebels fought their way to the capital, led by Paul Kagame, Rwanda’s current ruler.

More than 95,000 children were orphaned, the United Nations estimates, and around 300,000 children were killed. For some of the survivors, Heyman’s village offered healing and purpose.

“Having 15 children around you can calling you Mama, and you helping them to conquer their past, that is a great contribution to the nation,” said Emeritha Mukarusagara, a slender, bespectacled 57-year-old with long braids who became a foster mother after being widowed in the genocide.

She spent months hidden by a neighbor, heavily pregnant, terrified and filled with grief for her murdered husband. She keeps his picture on her phone but still cannot discuss his death.

Since then, she has fostered dozens of vulnerable children, including Ruhumuriza, who needed families.

NEW PURPOSE

A shy teenager, he arrived into a large, boisterous community where children live 15 to a house, watched over by a strict but loving foster parent they are all encouraged to call Mama. It was strange to call another woman Mama, he said. It was even stranger to have a brother. He liked it.

Ruhumuriza threw himself into his studies, becoming the school president, learning about Steve Jobs, and forming a deep bond with his foster mother. When he graduated and found a job in the construction industry, and a steady paycheck, he asked her what he should do with it.

Go home, she said. Build a house for the lonely woman who gave birth to you.

“Now my mother lives in the house I built,” he said proudly. “Mama Emeritha is one of my cornerstones … she is one of the best advisors I have.”

Ruhumuriza is one of more 850 children who has passed through the village’s 26 houses. But although the children of the genocide have grown up, many more come seeking refuge: those orphaned by accidents and disease. Refugees from Burundi. Children at risk of abuse.

Ruhumuriza, which was also the name of Mukarusagara’s murdered husband, has a special place in his foster mother’s heart.

“Every time I saw him, I remembered my dead husband. He was as kind as my husband,” she said with a sigh.

“At his wedding party, I will put on the best attire I have and sit next to his mother.”

(Writing by Katharine Houreld; Editing by Robin Pomeroy)

Source: OANN

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Mirroring grandfather, Kim rides the rails to Trump summit

For his second summit with President Donald Trump, North Korean leader Kim Jong Un opted to go retro — riding the rails like his grandfather decades before.

Kim's decision to take the train all the way across China was probably prompted at least in part by security considerations— his train is built like a tank and almost as slow. But it also marks a major attempt at showmanship designed to bring back memories of North Korean "eternal president" Kim Il Sung's many travels by railroad.

Kim Jong Un's journey aboard his forest green train from Pyongyang to the Vietnamese border town of Dong Dang took more than two and a half days. That's longer than it took Trump to fly halfway around the world, even with Air Force One stopping for fuel along the way.

But the overland passage was a marked upgrade in optics from Kim's first summit with Trump, in Singapore last June.

For that trip, Kim traveled aboard an Air China Boeing 747, meaning the first images from that history-making arrival showed him disembarking from an American-made plane emblazoned with a Chinese flag.

This time around, when Kim disembarked early Tuesday from his distinctive yellow-trimmed train, he was greeted with a bouquet of flowers on a patterned red carpet lined with a Vietnamese honor guard and the five-pointed communist-starred flags of North Korea and Vietnam. He then switched to a black limousine for the final drive to Hanoi.

That's a much more on-message scene for the North Koreans, who want their home audience to see Kim as the man in charge.

But it's also familiar on another level.

North Koreans grow up seeing images of Kim's grandfather traveling by train, which he took to the Soviet Union and Eastern Europe, among other places, including Vietnam in 1964.

A mockup of a car from the train is on permanent display at the mausoleum where Kim Il Sung and his son late leader Kim Jong Il lie in state, along with maps that light up to show the routes he took on his travels.

Inside the car is a desk used by the leaders, along with chairs and a sofa. Guides explain that the carriage was used as a mobile office — proof, they insist, the leaders worked tirelessly for the people.

Kim Jong Il, who was Kim Jong Un's father, was known to have hated flying and travelled by train on several trips to China. He is said to have fitted his train out to accommodate lavish parties and karaoke sessions.

During his father's rule, trips abroad were often not reported for days after they were over, if at all.

But that appears to be changing, also suggesting the importance in the minds of the North's propagandists of the getting their own visuals out quickly to the nation.

It took North Korean state media less than half a day from the time his train was spotted crossing the border into China to report that Kim was onboard. Images released by the official Korean Central News Agency showed him inspecting an honor guard in Pyongyang and waving from the train.

Kim's exact overseas travel plans are routinely kept secret for security reasons. His train appears to have bypassed the busy Chinese capital, Beijing, and few images have trickled out since The Associated Press and others witnessed his train crossing into the Chinese border city of Dandong on Saturday evening. South Korea's Yonhap news agency reported seeing his train in the central Chinese town of Changsha on Monday.

A Japanese TV network caught another candid moment — early morning shots of Kim, a well-known chain smoker, puffing away while on a stop in Nanning.

___

Talmadge is the AP's Pyongyang bureau chief. Follow him on Instagram and Twitter: @EricTalmadge.

Source: Fox News World

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Japanese space probe touches down on asteroid to collect samples

FILE PHOTO: A H-IIA rocket carrying Hayabusa 2 space probe blasts off from the launching pad at Tanegashima Space Center on the Japanese southwestern island of Tanegashima
FILE PHOTO: A H-IIA rocket carrying Hayabusa 2 space probe blasts off from the launching pad at Tanegashima Space Center on the Japanese southwestern island of Tanegashima, in this photo taken by Kyodo December 3, 2014. Mandatory credit Kyodo/via REUTERS

February 22, 2019

By Kaori Kaneko and Malcolm Foster

TOKYO (Reuters) – A Japanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km (186 million miles) from Earth on a mission to seek clues about the origins of life, Japan’s space agency said on Friday.

The spacecraft’s landing on the asteroid Ryugu, just 900 meters (3,000 feet) in diameter, came after an initial attempt in October was delayed because it was difficult to pick a landing spot on the asteroid’s rocky surface.

The Japan Aerospace Exploration Agency, or JAXA, said on Friday Hayabusa 2 fired a small projectile into the surface of Ryugu to collect particles scientists hope the spacecraft will bring back to Earth for analysis.

“We may have caused some worry due to the delay but we carried out our plan flawlessly over the past four months to bring it to a successful landing,” project manager Yuichi Tsuda told a news conference.

“It landed in the best circumstances among the scenarios we envisioned,” he said.

It is the second Japanese spacecraft to land on an asteroid after Hayabusa touched down on a near-Earth asteroid named Itokawa in 2005. It was the first to bring asteroid dust back to Earth, although not as much as hoped.

Asteroids are believed to have formed at the dawn of the solar system and scientists say Ryugu may contain organic matter that may have contributed to life on Earth.

JAXA’s plan is for Hayabusa 2 to lift off Ryugu and touch back down up to three times. It blasted off in December 2014 and is scheduled to return to Earth at the end of 2020.

(Reporting by Kaori Kaneko and Malcolm Foster; Editing by Paul Tait)

Source: OANN

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Citigroup’s institutional clients group CEO James Forese to retire: memo

FILE PHOTO: The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo

April 11, 2019

(Reuters) – James Forese, president and chief executive officer of Citigroup Inc’s institutional clients business, has decided to retire, according to an internal memo seen by Reuters.

This will be the biggest departure from the third-largest U.S. bank’s executive team since former consumer banking head Manuel Medina-Mora left three years ago.

Forese, 55, had told acquaintances that he was frustrated and unhappy, sources told Reuters.

Forese, who began overseeing the business in 2011, is the second-highest paid executive at the bank after Chief Executive Officer Michael Corbat.

He will be succeeded by Paco Ybarra, the global head of markets and securities services. Ybarra had been serving as Forese’s deputy since October 2018, and will take over his role on May 1.

Forese’s unit, which includes treasury services, the investment bank, corporate lending capital markets, delivered 50 percent of revenue and more than two thirds of profit for the bank last year.

His division fell short of annual targets in 2018 and Forese was the only executive on the operating committee not to receive a raise for the year, according a recent filing.

Forese retires after having spent his entire career at the firm. He came to the company through Salomon Brothers, which he joined in 1985, and cut his teeth in the securities trading business, eventually working his way up to become head of the markets division.

(Reporting By Imani Moise and Aparajita Saxena; Editing by Shailesh Kuber)

Source: OANN

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Kazakh activist campaigning against Chinese camps arrested

A prominent activist campaigning for the release of ethnic Kazakhs caught in a sweeping crackdown on Muslims in China has been arrested in the Kazakh city of Almaty.

Leila Adilzhan told The Associated Press by phone that her husband, Serikzhan Bilash, head of the advocacy group Atajurt, called her Sunday morning from a policeman's phone saying he had been arrested and had been taken to Astana, the capital of Kazakhstan.

The detention of possibly more than a million Uighurs (WEE-gurs), Kazakhs and other ethnic minorities into Chinese internment camps has been a touchy issue in neighboring Kazakhstan.

Atajurt became prominent last year for supporting the relatives of those detained. They wrote letters to embassies and the United Nations, and taped hundreds of testimonies by relatives looking for their loved ones.

Source: Fox News World

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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Funeral of journalist Lyra McKee in Belfast
Labour Party leader Jeremy Corbyn attends the funeral service for murdered journalist Lyra McKee at St Anne’s Cathedral in Belfast, Northern Ireland April 24, 2019. Brian Lawless/Pool via REUTERS

April 26, 2019

LONDON (Reuters) – The leader of Britain’s opposition Labour Party, Jeremy Corbyn, said on Friday he had turned down an invitation to a state dinner which will be part of U.S. President Donald Trump’s visit to Britain in June.

“Theresa May should not be rolling out the red carpet for a state visit to honor a president who rips up vital international treaties, backs climate change denial and uses racist and misogynist rhetoric,” Corbyn said in a statement.

He said maintaining the relationship with the United States did not require “the pomp and ceremony of a state visit” and he said he would welcome a meeting with Trump “to discuss all matters of interest.”

(Reporting by Andy Bruce; Writing by William Schomberg)

Source: OANN

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Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli
Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli, Libya April 25, 2019. REUTERS/Hani Amara

April 26, 2019

By Ulf Laessing

TRIPOLI (Reuters) – Libya’s U.N.-recognized government has budgeted up to 2 billion dinars ($1.43 billion) to cover costs of a three-week-old war for control of the capital, such as treatment for the wounded, to be funded without new borrowing, the economy minister said.

Ali Abdulaziz Issawi suggested the government hoped for business to continue more or less as usual despite the assault on Tripoli, in the country’s northwest, by forces tied to a parallel administration based in the eastern city of Benghazi.

Once Africa’s third largest producer of oil, Libya has been riven by factional conflict since the fall of Muammar Gaddafi in 2011, with the country now broadly split between eastern-based forces under Khalifa Haftar and the U.N.-backed government in Tripoli, in the west, under Prime Minister Fayez al-Serraj.

Still, with Haftar’s Libyan National Army forces unable so far to pierce defenses in Tripoli’s southern suburbs, normal life and business activities continue in much of the capital and western coastal towns.

Issawi, in an interview with Reuters in his Tripoli office, also said Libya’s commercial ports and wheat imports were still functioning normally, although some roads have been blocked.

He said the Serraj government estimates it will spend up to 2 billion dinars extra on medical treatment for wounded, aid for displaced people and other “emergency” war costs.

He said this was not military spending but analysts believe that the sum will also cover expenditures such as pay for allied armed groups or food for fighters.

“We could actually spend less,” he added, in comments that gave the first insight into the economic impact of the fighting.

Issawi said the Tripoli government, which controls little territory beyond the greater capital region, would not incur new debt to fund the war costs, sticking to a plan to post a 2019 budget without a deficit.

Tripoli derives revenue largely from oil and natural gas production, interest-free loans from local banks to the central bank, and a 183 percent surcharge on foreign exchange transactions conducted at official rates.

But with centralized tax collection greatly diminished, public debt has piled up – to 68 billion dinars in the west, including unpaid state obligations such as social insurance.

Some analysts expect Serraj’s government will be forced to raise new debt if the war for control of Tripoli drags on.

With much of Libya dominated by armed factions that also act as security forces, the public wage bill for both the western and eastern administrations has soared as fighters have been made public employees in efforts to buy their loyalty.

The east has sold bonds worth 35 billion dinars outside the official financial system as the Tripoli central bank does not fund the parallel government apart from some wages.

Despite its limited reach, the Tripoli government still runs an annual budget of around 46.8 billion dinars, mainly for public salaries and fuel subsidies.

“This year we cannot finance via debt…we will not borrow (by agreement with the central bank),” Issawi said.

According to International Monetary Fund data, Libya’s central government debt-to-GDP ratio is 143 percent, making it one of the most heavily indebted in the world on that measure.

Issawi declined to say what parts of the budget would be trimmed to support the extra outlay for war costs.

However, with some 70 percent of the budget allocated to public wages, fuel subsidies and other welfare benefits, a portion devoted to infrastructure is most likely to be axed.

Widespread lawlessness has meant there have been no major infrastructural projects since 2011, when a NATO-backed uprising overthrew dictator Muammar Gaddafi, leaving schools, hospitals and roads in acute need of restoration.

FOREX SURCHARGE

Issawi said the government planned to raise as much as 30 billion dinars by the end of 2019 from hard currency deals after imposing in September a 183 percent surcharge on commercial and private transactions done on the official rate of 1.4 to the U.S. dollar. That fee has effectively devalued the official rate to 3.9, much closer to the black market equivalent.

Some 17 billion dinars have been raised since then, with hard currency allocated for import credit letters now issued without delays, Issawi said. The forex fee has helped the government forecast a budget in the black for 2019.

Despite the narrowing spread between the two rates, the black market continues to thrive. Dozens of traders remained at their favorite spot behind the central bank headquarters in Tripoli when Reuters reporters visited it last week.

But traders said it could take time for the Serraj government to register the extra forex receipts as official banking channels were taking up to six months to approve import financing, keeping the black market in play for dealers.

Issawi said authorities planned to lower the forex fee from 183 percent, without saying when. The black market rate has dropped from 6 to around 4.1 since September but it has hardly moved of late as demand for black market cash remains high.

The Tripoli government has stopped subsidizing food and bread, which used to be cheaper than drinking water in Libya. Wheat imports are now being arranged by private traders and there are surplus stocks of flour at the moment, Issawi said.

(Reporting by Ulf Laessing in Tripoli with additional reporting by Karin Strohecker in London; Editing by Mark Heinrich)

Source: OANN

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Rep. Gerry Connolly, D-Va., threatened possible jail time for White House officials refusing to comply with subpoenas to testify before the House Oversight Committee.

Connolly, a member of the House panel, made his comments during an interview on CNN on Thursday. He said that “if a subpoena is issued and you’re told you must testify, we will back that up.”

He added: “And we will use any and all power in our command to make sure it’s backed up — whether that’s a contempt citation, whether that’s going to court and getting that citation enforced, whether it’s fines, whether it’s possible incarceration.”

“We will go to the max to enforce the constitutional role of the legislative branch of government.”

His comments came after three officials have refused to comply with congressional requests to testify, CNN noted.

Trump told The Washington Post that his staff should not testify on Capitol Hill, explaining that the White House cooperated fully with special counsel Robert Mueller and “there is no reason to go any further, especially in Congress where it’s very partisan.”

Source: NewsMax Politics

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“Outdated laws” need fixing to deal with the surge in illegal immigrant families crossing the U.S. border with Mexico, a top Border Patrol official said Friday.

Migrant families face no consequences if apprehended trying to cross the border illegally under present law, Border Patrol chief of Operations Brian Hastings claimed during an appearance on “Fox & Friends.”

“We need a change in the current outdated laws that we’re dealing with for this current demographic and this crisis that we have,” he said.

Hastings said as of Thursday there have been 440,000 apprehensions along the southwest border. There were 396,000 apprehensions all of last year.

SOUTHERN BORDER AT ‘BREAKING POINT’ AFTER MORE THAN 76,000 ILLEGAL IMMIGRANTS TRIED CROSSING IN FEBRUARY, OFFICIALS SAY

And those numbers continue to rise, he said.

Historically 70 to 90 percent of apprehensions at the border were quickly returned to Mexico, Hastings said.

Now, 83 percent of those apprehended have come from the Central American northern triangle which includes Guatemala, El Salvador, and Honduras, and of those 63 percent are “family units” and children who cannot be returned, he said.

“There are no consequences that we can apply to this group currently,” Hastings said. “We’re overwhelmed. If you look at agents there doing a tremendous job trying to deal with the flow.”

The law dictates children have to be released after 20 days of detention.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Sen. Lindsey Graham, R-S.C., says that has forced immigration officials to release entire families because “you don’t want to separate families.”

Recently, he said he is drafting legislation that would allow children to be detained for more than 20 days.

Hastings said agents are frustrated with the situation but are doing the best they can with the resources they have.

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“Up to 40 percent of our agents are processing at any given time,” he said. “That should say that in and of itself is pulling from those border security resources.”

Source: Fox News National

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