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Norwegian Air reschedules aircraft delivery, to cut 2019-20 capex by $2.1 billion

FILE PHOTO: A Norwegian Air Boeing 737-800 is seen during the presentation of Norwegian Air first low cost transatlantic flight service from Argentina at Ezeiza airport in Buenos Aires
FILE PHOTO: A Norwegian Air Boeing 737-800 is seen during the presentation of Norwegian Air first low cost transatlantic flight service from Argentina at Ezeiza airport in Buenos Aires, Argentina, March 8, 2018. REUTERS/Marcos Brindicci

April 24, 2019

OSLO (Reuters) – Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday.

The Oslo-listed airline has shaken up the long-haul market by offering cut-price transatlantic fares, but its rapid expansion has left it with hefty losses and high debts.

In total, the announced restructurings and postponements of Boeing and Airbus aircraft delivery will reduce capital expenditure for 2019 and 2020 by $2.1 billion, the company said.

Norwegian said it would provide updated total capex guidance on Thursday, when it reports first-quarter results.

The company said its Dublin-based subsidiary Arctic Aviation Assets DAC had reached an agreement with Boeing to postpone delivery of 14 737 MAX aircraft which were originally due in 2020 and 2021.

In a separate statement, it also said that the subsidiary had agreed in principle with Airbus to restructure delivery schedule of both A320neos and A321LRs.

The deal with Airbus would reduce capital expenditure by approximately $670 million for 2019 and 2020, and $2.4 billion over the next five years, Norwegian added.

Those savings come on top of the reductions from the previously announced postponements, it said.

On Feb. 6, Norwegian announced postponing deliveries of 12 Boeing 737 MAX 8 aircraft from 2020 to 2023 and 2024, and four Airbus 321LR aircraft from 2019 to 2020, and on April 10 announced further postponements, including Airbus 320neos.

At the end of 2018, Norwegian had multi-year commitments to take a total of 63 A320neos, 30 A321LR and 92 Boeing 737 MAX 8, its annual report published on April 10 showed.

The company said in the report it expected in 2019 to take delivery of five new Boeing 787 Dreamliners, which it uses on its intercontinental routes, as previously planned.

(Reporting by Nerijus Adomaitis; editing by Emelia Sithole-Matarise and Tom Brown)

Source: OANN

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The Latest: Man who slipped into California river found dead

The Latest on river dangers in California (all times local):

8:30 p.m.

Authorities say search teams have found the body of a man who fell into a rain-swollen river in Northern California over the weekend.

The Placer County Sheriff's Office says 23-year-old Andy Odon Ortega Fonseca was found dead Monday in the American River northeast of Sacramento.

Investigators believe he was taking photographs along the bank when he slipped and fell Sunday evening.

To the south, crews are searching for a 5-year-old girl who slipped into the Stanislaus River on Sunday afternoon at Knights Ferry in the Sierra Nevada foothills.

Authorities are warning of dangers resulting from California's exceptionally wet winter.

___

9:45 a.m.

Authorities have rescued two people from a fast-flowing wash in Los Angeles and are searching a river in the Sierra Nevada foothills for a little girl swept away during the weekend, spotlighting the dangers of California's very wet winter.

The Los Angeles Fire Department says a man and woman were pulled from Pacoima Wash around 12:30 a.m. Monday after being swept miles downstream at 20 mph.

The department says the man was able to call 911 from the water, and rescuers lowered a firefighter in a harness to pluck them from the stream.

In the Sierra foothills, the search goes on for a 5-year-old girl who slipped into the Stanislaus River on Sunday afternoon at Knights Ferry.

Relatives and bystanders tried to reach the girl but she was swept away.

Source: Fox News National

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Angel mom speaks out after alleged illegal immigrant killer is deported to Mexico

A Tennessee angel mother is lamenting how the illegal immigrant accused in the death of her son is now walking free in Mexico while her loved one is “forever separated from our family.”

Wendy Corcoran, the mother of Pierce Corcoran – a 22-year-old who died in a car crash in South Knoxville in late December – made the comments Tuesday on ‘Fox & Friends’.

“He got to return to his family and our son, who was born in this county and was a responsible young man, is forever separated from our family,” Corcoran said.

In early April, ICE agents deported Francisco Eduardo Franco-Cambrany to Mexico, according to the Knoxville News Sentinel. The 44-year-old – who was behind the wheel of a vehicle that allegedly swerved and hit Corcoran head-on -- was facing charges of driving without a license or insurance and criminally negligent homicide, it added. But Franco-Cambrany’s fate was sealed after a judge ordered last month that he be deported for entering the U.S. illegally.

CORCORAN’S PARENTS SEEK STRONGER BORDER SECURITY

Pierce Kennedy Corcoran, the son of Knoxville Fire Department Captain D.J. Corcoran, right, was killed in a head-on car crash lin December 2018. Franco Cambrany Francisco-Eduardo was charged in Corcoran's death. (Knoxville Police Department / Twitter/Justice for Pierce Corcoran)

Pierce Kennedy Corcoran, the son of Knoxville Fire Department Captain D.J. Corcoran, right, was killed in a head-on car crash lin December 2018. Franco Cambrany Francisco-Eduardo was charged in Corcoran's death. (Knoxville Police Department / Twitter/Justice for Pierce Corcoran)

Pierce’s family has filed a wrongful death lawsuit seeking $8 million in damages, but it’s now unlikely that Franco-Cambrany will face trial for the crash, the Knoxville News Sentinel reported.

“Unfortunately we have seen other families go through this so we were not shocked by it, no,” Corcoran told ‘Fox & Friends’ when asked if she believed the legal system has failed her.

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“I would have liked for him to been in our court system here in Knox County and gone before a jury,” she added.

Source: Fox News National

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Exclusive: Venezuela oil exports stable in March despite sanctions, blackouts -data

FILE PHOTO: Isla Oil Refinery PDVSA terminal is seen in Willemstad on the island of Curacao
FILE PHOTO: Isla Oil Refinery PDVSA terminal is seen in Willemstad on the island of Curacao, February 22, 2019. REUTERS/Henry Romero/File Photo

April 2, 2019

By Marianna Parraga

(Reuters) – Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and ongoing power outages that crippled its main export terminal, according to PDVSA documents and Refinitiv Eikon data.

The OPEC member stabilized exports in March after shipments fell about 40 percent in February from the month before, in the immediate aftermath of the United States announcing it would impose sanctions on oil sales to choke off main source of revenue for the government of socialist President Nicolas Maduro.

The United States and many Western governments have recognized Venezuelan opposition leader Juan Guaido as the country’s rightful leader, after Maduro won an election last year that was widely considered a sham.

March’s exports of 980,355 barrels per day (bpd) of crude and fuel were only slightly less than February’s shipments of 990,215 bpd, according to the documents seen by Reuters and the Refinitiv Eikon data.

U.S. restrictions on Venezuelan exports will tighten further in May, when the grace period for winding down purchases expires for importers of Venezuelan oil who use U.S. subsidiaries or the U.S. financial system for transactions.

U.S. President Donald Trump is considering imposition of sanctions on companies from other countries that do business with Venezuela, White House national security adviser John Bolton told Reuters TV on Friday.

Most oil shipments in February and March were destined for Asia. Until the sanctions, the United States was Venezuela’s largest crude buyer.

“Given the new set of challenges that landed on PDVSA’s lap, we were surprised to see a rebound in exports amid the nationwide power blackouts,” said Samir Madani, co-founder of TankerTrackers.com, a service that tracks oil shipments and storage.

Exports dipped below 650,000 bpd during the blackouts, TankerTrackers estimates.

Two massive power outages in March caused Jose port, the country’s largest crude terminal, to shut for at least six full days, according to the Eikon data.

PDVSA was able, however, to offset delays caused by blackouts by loading larger vessels bound for Asia. Shipping data shows the company plans to do the same again in April.

Cargoes sent to India, China and Singapore – a hub for storage and re-exports – made up 74 percent of total exports in March, compared with almost 70 percent in February.

Exports to Europe accounted for 17 percent of the total, versus 22 percent the previous month.

PDVSA also continued exporting oil to Maduro’s ally Cuba. At least seven small cargoes were sent from its ports in March, totaling 65,520 bpd of crude and fuel, according to the data.

Guaido last month said shipments to Cuba should be halted. But PDVSA, controlled by a military leadership loyal to Maduro, has continued exports to the island.

The state-run company did not respond to a request for comment.

Venezuela’s oil production once surpassed 3 million bpd, but years of mismanagement and corruption caused that output to dwindle to barely 1 million bpd. The reduction in oil revenue has led the once-prosperous nation of 30 million into years of recession and created conditions that led to hyperinflation. Millions have fled the country and many who remained cannot afford food or basic goods.

Sanctions have made it difficult for PDVSA to take payment for its exports, said a PDVSA source, who did not want to be identified for fear of retaliation.

“The largest problem is not to load and ship the vessels,” the source said, declining to be identified due to the sensitivity of the matter. “It is to get paid.”

INDIA REMAINS TOP DESTINATION

India was once again Venezuela’s main destination for exports in March with a third of total cargoes sent to refineries operated by Reliance Industries and Nayara Energy.

U.S. imports of Venezuelan oil have dropped to zero since mid-March due to sanctions, according to the U.S. Energy Information Administration.

The largest individual recipient of Venezuelan barrels last month was China National Petroleum Corp (CNPC) and its subsidiaries with some 234,000 bpd, followed by Russia’s Rosneft, which received 214,000 bpd, according to the data. New customers including trading firms Sahara Energy and MS International also received access to Venezuelan crude.

Rosneft has increased its share of Venezuelan oil shipments since sanctions mainly for reselling to refiners. Venezuela’s oil minister, Manuel Quevedo, last month traveled to Moscow to negotiate larger sales of Venezuelan oil to Russian companies.

The Russian company has also boosted fuel supplies to Venezuela, according to the data. Venezuela imported 184,500 bpd of fuel last month, with the largest portion provided by Rosneft, followed by cargoes sent by Reliance and Spain’s Repsol.

Following U.S. pressure, Reliance turned to selling fuel to Venezuela from India and Europe to circumvent sanctions. Repsol in March swapped gasoline and other fuel for Venezuelan crude as part of an agreement to collect on dividends owed it by PDVSA.

GRAPHIC: Venezuela’s exports by destination in 2018, click https://tmsnrt.rs/2HU81FY

(Reporting by Marianna Parraga; Editing by David Gaffen, Simon Webb and Steve Orlofsky)

Source: OANN

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Watch Live: 850 Years, Two World Wars, But “Some People Did Something”

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Source: InfoWars

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At rally, Trump says Russia probe backers tried to illegally steal power

U.S. President Donald Trump speaks during a Make America Great Again rally in Grand Rapids, Michigan
U.S. President Donald Trump speaks during a Make America Great Again rally in Grand Rapids, Michigan, U.S., March 28, 2019. REUTERS/Joshua Roberts

March 29, 2019

By Jeff Mason

GRAND RAPIDS, Mich. (Reuters) – At his first political rally since the end of the Russia collusion probe, President Donald Trump on Thursday accused backers of the investigation of trying to overturn the 2016 election and attempting “illegally” to claim power.

Declaring the country “hurt” by the probe, Trump called his opponents “losers” and celebrated the fact that the investigation had come to a close.

“After three years of lies and smears and slander, the Russia hoax is finally dead. The collusion delusion is over,” he told a crowd of thousands.

Trump said: “The Russia witch hunt was a plan by those who lost the election to try and illegally regain power by framing innocent Americans – many of them, they suffered – with an elaborate hoax.”

On Sunday, U.S. Attorney General William Barr released a summary of Special Counsel Robert Mueller’s more than 300-page report about his investigation into Russia’s role in the 2016 election. The investigation did not establish that members of Trump’s campaign conspired with Russia during the election.

That news delighted the president and his inner circle, who spent the first two years of his administration confronting a cloud of suspicion over how the New York businessman and political novice won the White House.

With that cloud largely lifted, Trump has let loose, calling out those who supported the investigation and referring to evil acts of treason by his opponents.

Trump revisited that theme at the rally, knocking the media and Democrats and calling for accountability.

For the president, the rally capped off a week of rejoicing in the investigation’s results and stewing over its origins.

Trump spent nearly two years calling the effort a “hoax” and a “witch hunt” and despite declaring himself totally exonerated by its findings, he has continued to ruminate over them.

Advisers to Trump, who is not known to let go of grudges easily, have debated the merits of going after the president’s opponents and those he blames for sparking the investigation versus claiming a win, moving on and using the momentum of good news to bolster his bid for re-election.

In the packed, noisy arena in Michigan, a political swing state that Trump wants to win again in 2020, the view of the crowd was clear.

Thousands of supporters, many of them wearing red “Make America Great Again” hats, applauded and cheered as the president railed at his opponents.

The industrial state along with Pennsylvania and Wisconsin, helped propel the Republican Trump to his improbable victory in 2016.

Mueller did not draw a conclusion on whether the president had obstructed justice by impeding the Russia investigation, leaving that instead to Barr, who said there was not enough evidence to determine Trump had made such an offense.

Democrats were not satisfied with Barr’s determination and have demanded to see the report in full. Some Republicans, including Trump himself, have also voiced support for releasing it.

(Reporting by Jeff Mason; Additional reporting by Mohammad Zargham in Washington; Editing by Peter Cooney)

Source: OANN

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Kim Jong Ale, Rocket man T-shirts and Trump-themed haircuts: Vietnam embraces landmark summit

As President Trump's second summit with Kim Jong Un quickly approaches, the Vietnamese city where it is set to be held is bustling with new business - including the sale of T-shirts with the North Korean dictator's face on them, Trump and Kim-themed haircuts and drinks like the "Kim Jong Ale."

Designer Truong Thanh Duc says he's already sold about 300 of his novelty T-shirts, which are emblazoned with Kim's face alongside the phrase "Roket Man," the nickname Trump coined for the despot. Another T-shirt pictures Trump and Kim together below the word "Peace," according to Reuters.

Duc's T-shirt business isn't the only one to pop up in light of the forthcoming summit. One barber at the the Tuan Duong Beauty Academy in Hanoi is reportedly offering free haircuts for residents looking to clean up before the historic meeting, as long as they are in the style of Trump or Jong Un's haircut. Some patrons have even taken to dyeing their hair orange to match the U.S. President.

VIETNAMESE BARBER HANDING OUT FREE TRUMP-KIM HAIRCUTS TO MARK SECOND SUMMIT

Additionally, a bar in Hanoi has begun offering summit-themed drinks, such as the "Peace Negrotiations" and the "Kim Jong Ale."

T-shirt designer Duc, however, has philanthropic plans for his profits from the T-shirts. He says he'll buy baguettes for the poor people of Hanoi, which are a popular bread in the formerly French-colonized city.

TRUMP, KIM JONG UN'S SUMMIT IN VIETNAM: WHAT TO EXPECT FROM THE LEADERS' SECOND MEETING

Duc says he chose to capitalize on the summit, which is set to take place next week, because of his respect for the heads of American and North Korea.

Short, back un sides: To Gia Huy, 9, and Le Phuc Hai, 66, pose after having their haircut in North Korean leader Kim Jong Un and U.S. President Donald Trump styles in a haircut salon in Hanoi, Vietnam February 19.

Short, back un sides: To Gia Huy, 9, and Le Phuc Hai, 66, pose after having their haircut in North Korean leader Kim Jong Un and U.S. President Donald Trump styles in a haircut salon in Hanoi, Vietnam February 19. (REUTERS/Kham)

“I really admire these two leaders,” he said. “One is the leader of the most technologically advanced country in the world and the other leader, although a bit extreme, has realised his people are too poor and he wants his nation to develop."

NORTH KOREA KEEPS AMASSING NUCLEAR MATERIAL DESPITE PROMISING TO DENUCLEARIZE, REPORT FINDS

“There’s no need to talk about Trump as he’s already a great man. Everybody knows that,” he continued. “But we should always encourage Kim Jong Un to give up his dictatorship for his people”.

He added that although Kim's infamous legacy has been a controversial one, he believes he's changed his ways in the interest of diplomacy.

CLICK HERE TO GET THE FOX NEWS APP

“Kim Jong Un is a dictator but now he has changed,” said Duc. “He has to give up that status to shake hands with the developed world”.

Source: Fox News World

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

CLICK HERE TO GET THE FOX NEWS APP

Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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The Dalai Lama has returned to his headquarters in the north Indian hill town of Dharmsala after a brief stay in a hospital in the capital for treatment of a chest infection.

Hundreds of exiled Tibetans lined the streets of Dharmsala carrying ceremonial scarves and incense sticks to welcome the Dalai Lama on Friday.

The 83-year-old Tibetan spiritual leader told reporters that he had fully recovered, but that the illness had been “a little bit serious.” He did not give any details.

The Dalai Lama usually spends several months a year traveling the world to teach Buddhism and highlight Tibetans’ struggle for greater freedom in China. But he has cut down on his travels in the past year to take care of his health.

Source: Fox News World

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