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Trump security adviser Bolton unveils new U.S. sanctions to pressure Cuba

National Security Advisor Bolton listens as U.S. President Trump speaks while meeting with NATO Secretary General Stoltenberg at White House in Washington
FILE PHOTO: National Security Advisor John Bolton adjusts his glasses as U.S. President Donald Trump speaks while meeting with NATO Secretary General Jens Stoltenberg in the Oval Office at the White House in Washington, U.S., April 2, 2019. REUTERS/Joshua Roberts

April 17, 2019

MIAMI (Reuters) – U.S. national security adviser John Bolton said on Wednesday the United States is adding five names linked to Cuba’s military and intelligence services to its sanctions blacklist, including the Cuban military-owned airline Aerogaviota.

Bolton, in a speech to veterans of the failed 1961 Bay of Pigs invasion, also said the United States would further restrict non-family travel to Cuba in a bid to reduce “veiled tourism” that provides funds to Havana’s security sector.

(Reporting by Matt Spetalnick; Writing by David Alexander; Editing by Lisa Shumaker)

Source: OANN

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At the Oscars or in the cinema, the sound that puts movie lovers in the picture

FILE PHOTO: The Dolby Theatre is decorated for the Oscars as preparations continue for the 91st Academy Awards in Hollywood, Los Angeles
FILE PHOTO: The Dolby Theatre is decorated for the Oscars as preparations continue for the 91st Academy Awards in Hollywood, Los Angeles, California, U.S., February 19, 2019. REUTERS/Lucy Nicholson

February 22, 2019

LONDON (Reuters) – You may be a guest at the Oscars or simply watching one of the season’s hit movies in a hi-tech multiplex, but chances are that, in either case, the soundtrack will make you feel like you’re right at the heart of the action.

Five of the eight movies that will vie for the Best Picture academy award on Sunday use Atmos, the latest sound technology developed by Dolby.

The same goes for the Dolby Theatre where the prizes will be handed out.

The post-production system, which also features ultra-high resolution Dolby Vision Technology, allows directors to place “up to 108 different sound objects in 3D space”, said Julian Stanford, Dolby Cinema Europe’s director of business development.

That creates a soundscape with different angles, intensities, and tonal values. “It’s an immersive system which has speakers that are not only all round you but above your head and behind the screen,” he told Reuters TV.

“So it allows the director and his sound mixer to put objects in sound in three-dimensional space and so it means they can put you right in the middle of the movie.”

For those watching in the growing number of Atmos-equipped cinemas worldwide, sound can nuance the movie-going experience every bit as much as images, Stanford believes.

At one end of the decibel scale, the pivotal beach scene in “Roma” is largely silent, but the tonal textures remain key.

“You feel terrified. There is no music in the background, almost no dialogue at all. The landscape of your emotion is defined by that sound that he (director Alfonso Cuaron) has created,” he said.

At the other, in the wall-of-noise Live Aid segment of “Bohemian Rhapsody”, director Brian Singer can place “the bass to the left, the drums to the back.

“You are placed on the stage with them, and you hear this incredibly intense experience, and you live what (Queen frontman) Freddie Mercury is living at that moment,” Stanford said.

(Reporting by Emily Roe; writing by John Stonestreet; editing by Michael Davidson)

Source: OANN

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New York, California, 14 other states sue Trump in Ninth Circuit over emergency declaration

The attorneys general of California, New York, and 14 other states on Monday filed a lawsuit in the Ninth Circuit against the White House's recent national emergency declaration over border security, claiming President Trump has "veered the country toward a constitutional crisis of his own making."

President Trump sarcastically had predicted the lawsuit last week. He's slammed the Ninth Circuit multiple times as "disgraceful" and politically biased.

The litigation, brought before a federal trial court in the Northern District of California, seeks an injunction to prevent Trump from shifting billions of dollars from military construction to the border without explicit congressional approval. The suit also asks a court to declare Trump's actions illegal, arguing that Trump showed a "flagrant disregard of fundamental separation of powers principles engrained in the United States Constitution" by violating the Constitution's Presentment and Appropriations Clauses, which govern federal spending.

The litigation additionally includes allegations that Trump is violating the National Environmental Policy Act, by planning to build a wall that could impact the environment without first completing the necessary environmental impact reports.

The states argue they have standing to sue the administration largely because, they allege, the federal funds could have been spent on their defense. "Maine is aggrieved by the actions of Defendants and has standing to bring this action because of the injury to the State and its residents caused by Defendants’ reduction of federal defense spending in Maine due to diversion of funding to the border wall," one section of the suit reads.

"California is aggrieved by the actions of Defendants and has standing to bring this action because of the injury due to the loss of federal drug interdiction, counter-narcotic, and lawenforcement funding to the State caused by Defendants’ diversion of funding," reads another paragraph.

A person dressed to look like President Donald Trump in a prison uniform, and others gather Monday, Feb. 18, 2019, in front of the White House in Washington, to protest that President Donald Trump declared a national emergence along the southern boarder. (AP Photo/Carolyn Kaster)

A person dressed to look like President Donald Trump in a prison uniform, and others gather Monday, Feb. 18, 2019, in front of the White House in Washington, to protest that President Donald Trump declared a national emergence along the southern boarder. (AP Photo/Carolyn Kaster)

“Declaring a National Emergency when one does not exist is immoral and illegal,” New York Attorney General Letitia James, who previously vowed to use "every area of the law" to investigate Trump and his family, said in a statement. “Diverting necessary funds from real emergencies, crime-fighting activities, and military construction projects usurps Congressional power and will hurt Americans across the country. We will not stand for this abuse of power and will fight using every tool at our disposal.”

In a separate statement, California Gov. Gavin Newsom, a Democrat, remarked, "President Trump is manufacturing a crisis and declaring a made-up 'national emergency' in order to seize power and undermine the Constitution."

The litigation came amid scattered anti-Trump Presidents Day protests across the country, including a group of more than a hundred demonstrators who waved signs at the White House while the president was speaking in Florida.

At a news conference outside the White House on Friday, Trump mockingly predicted legal challenges against his emergency declaration would follow a tried-and-true path.

WHITE HOUSE SAYS SUBSTANTIAL BORDER WALL CONSTRUCTION SHOULD BE COMPLETED BY SEPT. 2020

"So the order is signed and I'll sign the final papers as soon as I get into the Oval Office," Trump told reporters. "And we will have a national emergency and we will then be sued, and they will sue us in the Ninth Circuit even though it shouldn't be there, and we will possibly get a bad ruling, and then we'll get another bad ruling, and then we'll end up in the Supreme Court and hopefully we'll get a fair shake and we'll win in the Supreme Court just like the ban. They sued us in the Ninth Circuit and we lost, and then we lost in the Appellate Division, and then we went to the Supreme Court and we won."

President Donald Trump speaks during an event in the Rose Garden at the White House to declare a national emergency in order to build a wall along the southern border, Friday, Feb. 15, 2019, in Washington. (AP Photo/ Evan Vucci)

President Donald Trump speaks during an event in the Rose Garden at the White House to declare a national emergency in order to build a wall along the southern border, Friday, Feb. 15, 2019, in Washington. (AP Photo/ Evan Vucci)

The Ninth Circuit Court of Appeals has jurisdiction over all appeals coming out of the Northern District of California, where Monday's lawsuit was filed. The San Francisco-based Ninth Circuit has long been a legal stumbling block for conservative policies, and the White House has sought to appoint conservative justices to thin out the liberal ranks on the court. Last year, Trump bypassed traditional protocols and ignored the concerns of the state's Democratic politicians to nominate prominent conservatives to the Ninth Circuit.

Late last year, Trump engaged in a public spat with Chief Justice John Roberts on the issue, after Roberts took the unusual step of disputing Trump's comments that the nation has biased judges on some courts. Roberts has sought to portray himself as a nonpartisan justice.

But, Democrats have said it's the president who defies basic legal norms.

"President Trump treats the rule of law with utter contempt," California Attorney General Xavier Becerra said Monday. "He knows there is no border crisis, he knows his emergency declaration is unwarranted, and he admits that he will likely lose this case in court."

Protesters of President Donald Trump's national emergency declaration block traffic near Trump International Hotel & Tower on Friday, Feb. 15, 2019, in New York. (AP Photo/Frank Franklin II)

Protesters of President Donald Trump's national emergency declaration block traffic near Trump International Hotel & Tower on Friday, Feb. 15, 2019, in New York. (AP Photo/Frank Franklin II)

James, the New York attorney general, argued that the emergency declaration was not only legally unconstitutional, but also unnecessary as a practical matter, asserting that "unlawful southern border entries are at their lowest point in twenty-years, immigrants are less likely than native-born citizens to commit crimes, and illegal drugs are more likely to come through official ports of entry."

Senior White House adviser Stephen Miller, speaking exclusively to "Fox News Sunday" anchor Chris Wallace, disputed those arguments over the weekend.

"The problem with the statement that you're 'apprehending 80 or 90 percent of drugs at ports of entry' -- that's like saying you apprehend most contraband at (Transportation Security Administration) checkpoints at airports," Miller said. "You apprehend the contraband there because that's where you have the people, the screeners. I assure you if we had screeners of that same density across every single inch and mile of the southern border, you'd have more drugs interdicted in those areas."

TRUMP CONDEMNS 'DISGRACEFUL' NINTH CIRCUIT, DEEMING IT RUBBER STAMP FOR HIS FOES

In response to claims that the president was unconstitutionally taking power from Congress, Miller noted that the National Emergencies Act includes an express grant of power from the legislature to the executive branch -- and also includes dispute mechanisms in case Congress disagrees with the president's use of his authority.

"The statute, Chris, is clear on its own terms," Miller said. "Congress has appropriated money for construction of border barriers consistently.  This is part of the national security."

Still, even a single federal judge could issue an order blocking the national emergency declaration, which has occurred nearly three dozen times so far under Trump's watch.

Central American immigrants lining up for breakfast at a shelter in Piedras Negras, Mexico, earlier this month. (Jerry Lara/The San Antonio Express-News via AP)

Central American immigrants lining up for breakfast at a shelter in Piedras Negras, Mexico, earlier this month. (Jerry Lara/The San Antonio Express-News via AP)

The Trump administration repeatedly has condemned the increasingly common practice of one judge issuing such a sweeping order, and Associate Justice Clarence Thomas, who concurred in the high court's decision last year to reinstate Trump's travel ban, wrote that such injunctions “take a toll on the federal court system—preventing legal questions from percolating through the federal courts, encouraging forum shopping, and making every case a national emergency for the courts and for the executive branch.”

TRUMP ANNOUNCES NEW CONSERVATIVE PICKS FOR NINTH CIRCUIT

The stakes are high for the White House, which has struggled to see new wall funding win approval in Congress. On Friday, Trump signed a compromise spending bill that included just $1.4 billion for border security -- far short of the $5.7 billion he'd requested for the wall.

The compromise legislation, which overwhelmingly passed in the House and Senate last week, contained enough funding for building just 55 miles of barricades, not the 200-plus miles the White House has sought.

NEW YORK AG PROMISES TO PROBE TRUMP USING 'EVERY' RESOURCE POSSIBLE

Still, neither party seemed enthused about the legislation, save for its provisions averting another partial federal government shutdown. Conservative talk radio host Rush Limbaugh, speaking to "Fox News Sunday," called the bill "outrageous," pointing to is provisions for what he called "welcoming centers for newly arriving illegal aliens, and all kinds of medical care" -- a reference to the allocation of $192,700,000 in the bill's conference agreement to enhance medical care and transportation for illegal immigrants in U.S. custody, including to shelters run by nonprofits.

The bill provided additional funding for 5,000 more beds that Immigration and Customs Enforcement (ICE) could use to house illegal immigrants. But, in an attempt to pressure the agency to detain fewer illegal immigrants, Democrats ensured that the bill did not include funding for the 2,000 additional ICE agents requested by the Trump administration, or the 750 Border Patrol agents who also were sought.

Cathy Clark holding a sign during a protest in downtown Fort Worth, Texas, on Monday. (AP Photo/LM Otero)

Cathy Clark holding a sign during a protest in downtown Fort Worth, Texas, on Monday. (AP Photo/LM Otero)

Several Republicans, including Texas Reps. Dan Crenshaw and Chip Roy, voted against the bill, saying it didn't properly address the flow of illegal immigrants and drugs across the border. Roy called the bill a "sham" and said it "undermines the whole point of an emergency declaration."

Prominent Democrats, including New York Rep. Alexandria Ocasio-Cortez and Minnesota Rep. Ilhan Omar, rejected the spending bill as well, saying it did not do enough to curb ICE.

A senior administration official told Fox News the White House planned to move $8 billion in currently appropriated or available funds toward construction of the wall. Of that, $3 billion could be diverted with help from the emergency declaration.

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That money would include about $600 million from the Treasury Department’s forfeiture fund. That money has been described as “easy money” that the White House can use however it wants. The White House also is expected to use drug interdiction money from the Defense Department.

But, by declaring an emergency, Trump is potentially able to unlock money from the Pentagon's military construction budget, to the tune of $3.5 billion.

Fox News' Brooke Singman, Kelly Phares, Kathleen Foster and Chris Wallace contributed to this report.

Source: Fox News Politics

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Nearly 30 people learn they’re siblings fathered by same sperm donor: report

A San Francisco Bay Area woman who was raised as a single child said that within two years she went from learning her dad wasn’t her biological father to finding out she has nearly 30 siblings -- linked by the same sperm donor.

Shauna Harrison, who has a Ph.D. in public health, said she wanted to try the ancestry website 23andMe to find out if she was susceptible to any illnesses. But soon after discovering the identity of her biological father – a Jewish man of Russian descent who lived in the Bay Area – people began contacting her to say they were related, she said.

“Boom! Next day I get an email from one of the siblings. ‘Looks like we are related. Not sure if that’s a surprise to you,’” Harrison told KGO-TV.

TWO SIMILAR-LOOKING BASEBALL PLAYERS TAKE DNA TESTS TO FIND OUT IF THEY’RE RELATED

And the messages kept coming in. Today, Harrison boasts 29 siblings ranging in age between 24 and 41, and they get together regularly, Harrison told KGO.

“It’s just nice to have someone else that is in sort of the same place,” said Jodi Hale, one of Harrison’s siblings. “And you have a lot of the same history. It’s fun.”

Harrison said the siblings keep in touch through a Facebook page. They also use a spreadsheet to keep up with birthdays and welcome new members to the ever-expanding list.

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“The biggest thing is that it’s such an odd situation that there’s not a lot of people can understand,” Harrison said. “It’s nice to have people to go through this process with. It’s not normal.”

Source: Fox News National

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‘Beam me up’: Indonesian president uses holograms to woo rural voters

FILE PHOTO: Indonesia's President and presidential candidate for the next election Joko Widodo and his running mate for the upcoming election Ma'ruf Amin gesture as they greet their supporters at a carnival during campaign rally in Tangerang
FILE PHOTO: Indonesia's President and presidential candidate for the next election Joko Widodo and his running mate for the upcoming election Ma'ruf Amin gesture as they greet their supporters at a carnival during campaign rally in Tangerang, Banten province, Indonesia, April 7, 2019. REUTERS/Willy Kurniawan/File Photo

April 12, 2019

KARAWANG, Indonesia (Reuters) – A crowd of villagers cheers as a holographic image of Indonesia’s President Joko Widodo appears at a campaign rally outside the capital, Jakarta.

Widodo and his rival, former general Prabowo Subianto, have been criss-crossing the archipelago of more than 17,000 islands, a span exceeding the length of the United States, to rally support ahead of Wendesday’s presidential election.

Widodo hopes to extend his reach with hologram technology, deployed also by leaders such as India’s Narendra Modi and Turkey’s Recep Tayyip Erdorgan in recent years, as a way of seeming to appear in several places at once.

“I am very pleased to meet you here with this technology called ‘hologram’,” Widodo’s life-sized projection says in a pre-recorded message.

“This hologram technology is one hundred percent made by our people, this is the work of our (younger generation).”

Wearing his signature casual white shirt, jeans and sneakers, the holographic Widodo promotes his plan to tackle Indonesia’s education and employment issues, in hopes of appealing to rural and young voters.

Ninik, a young voter at this week’s rally, said she enjoyed the experience. “It feels like Jokowi is here with us,” she added, using a popular nickname for the president.

Another, a housewife named Mariani, said she would vote for Widodo.

“This is really helpful in the campaign,” one of Widodo’s campaign organizers said of the holograms.

About 192 million people, including five million young people voting for the first time, are eligible to cast their ballots in the fiercely contested race, in which most opinion polls give Widodo a comfortable lead.

Prabowo, 67, has not used hologram technology, but his running mate, Sandiaga Uno, a 49-year-old marathon-running business tycoon, has visited 1,500 places across Indonesia.

(Reporting by Widodo Hadijatmiko; Writing by Tabita Diela; Editing by Kanupriya Kapoor and Clarence Fernandez)

Source: OANN

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Thousands rally in Mali to protest ethnic violence

People gather to protest the government and international forces' failure to stem rising ethnic and jihadist violence, in the Malian capital of Bamako
People gather to protest the government and international forces' failure to stem rising ethnic and jihadist violence, in the Malian capital of Bamako, Mali April 5, 2019. REUTERS/Matthieu Rosier

April 5, 2019

BAMAKO (Reuters) – Thousands rallied in the Malian capital Bamako on Friday to protest at the failure of the government and international peacekeepers to stem rising ethnic and jihadist violence, notably the massacre of around 160 villagers last month.

The protest was one of the largest in Mali in recent years.

It followed the March 23 massacre by suspected militiamen from the Dogon ethnic group of rival Fulani herders in the village of Ogossagou, the deadliest act of ethnic bloodshed in West Africa’s Sahel region in living memory.

Six years after French forces intervened to halt a jihadist advance from Mali’s desert north, the violence has spread across the Sahel, an arid region between the Sahara desert and Africa’s savannas, to neighboring Burkina Faso and Niger.

While helmeted riot police looked on, protesters held signs calling on Mali’s President Ibrahim Boubacar Keita and the United Nations MINUSMA peacekeeping mission to leave.

Keita has responded to the attack on the Fulanis by disbanding an anti-jihadist vigilante group, whose fighters are suspected of being behind the massacre.

Over 200 people had been killed by anti-jihadist self-defense groups in Mali since the start of this year, according to the United Nations, which has dispatched human rights experts to investigate the March attack.

Friday’s march of religious, civil society and opposition leaders reflects growing frustration at the escalating violence.

“We hold the government responsible for the deterioration of the situation,” said former minister Hamadoun Dicko.

Friday’s march was largely peaceful, although at one point police fired tear gas and some protesters threw stones in response. Organizers have called for another protest next week.

(Reporting by Tiemoko Diallo, Souleymane Ag Anara, Fadima Kontao and Cheick Diouara; Writing by Alessandra Prentice; editing by John Stonestreet)

Source: OANN

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Media Will Never Live Down Ignominy of Collusion Hoax

The left-wing media will never learn to tell the truth. That was reinforced when we learned that even though special counsel Robert Mueller's cleared President Trump of false claims against him, many in the media energetically spun the report in a way that perpetuated their anti-Trump narrative of…

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

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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