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Russia offers quick citizenship in Ukraine’s separatist area

Russian President Vladimir Putin has signed a decree to expedite applications for Russian citizenship by Ukrainians living in separatist-held areas.

The decree published on the Kremlin's website Wednesday says that people living in the parts of Ukraine's Donetsk and Luhansk regions under separatist control will have their applications considered in under three months.

The move is likely to further exacerbate relations between Ukraine and Russia, which annexed Ukraine's Crimean peninsula and threw its weight behind separatist rebels in the east.

The decree comes just days after TV comedian Volodymyr Zelenskiy was elected as the new Ukrainian president; he will be sworn in next month. Zelenskiy has said his priority for the presidency is to end the war in the east that has claimed more than 15,000 lives.

Source: Fox News World

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Germany’s Leica moves to distance itself from Tiananmen video

FILE PHOTO - The entrance area and the showroom of German camera manufacturer Leica Camera AG are pictured at the Leica production site in Solms
FILE PHOTO - The entrance area and the showroom of German camera manufacturer Leica Camera AG are pictured at the Leica production site in Solms, 70km south-east of Frankfurt, September 13, 2013. REUTERS/Kai Pfaffenbach

April 21, 2019

BEIJING (Reuters) – Germany’s Leica Camera AG has distanced itself from a promotional video that depicts a news photographer covering democracy protests at Tiananmen Square amid a backlash on social media and broad censorship of the brand’s name.

The five-minute video, called “The Hunt”, includes a dramatized scene in which a photographer runs from Chinese-speaking policemen before capturing the iconic “tank-man” photograph of a protester standing in front of a convoy of tanks to block their path.

Mention of the June 4, 1989, event is heavily censored in Chinese news and social media, as well as related dates, names and symbols. The ruling Communist Party has never declared how many protesters were killed in the crackdown in and around Tiananmen Square, with many analysts putting the toll in the hundreds.

A spokesman for Leica, Dirk Große-Leege, said in a statement “the video was not commissioned, financed or approved by any company in the Leica Group. We expressly regret any confusion and will take further legal steps to prevent unauthorized use of our brand.”

Leica did not clarify how the promotional video was conceived, or comment on the company’s relationship with the Brazilian ad agency that created it, F/Nazca Saatchi & Saatchi.

F/Nazca Saatchi & Saatchi, which previously produced promotional videos for Leica, produced “The Hunt” video and published the video on its Twitter account on April 16.

F/Nazca Saatchi & Saatchi did not respond to requests for comment, however a spokeswoman for the ad firm, Carolina Aranha, was quoted by Hong Kong’s South China Morning Post as saying the video was approved by Leica.

The backlash against the video in Chinese social media comes at a particularly sensitive time, ahead of the 30th anniversary of the protests.

Hundreds of people using Chinese social media site Weibo left comments on Leica’s recent posts, condemning the video before mentions of the company’s name were swiftly censored.

(Reporting by Beijing newsroom; Editing by Nick Macfie)

Source: OANN

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Citi aims to grow Asia wealth management client base by 10 percent in 2019

FILE PHOTO: A Citibank sign on bank branch in midtown Manhattan in New York
FILE PHOTO: A Citibank sign on a bank branch in midtown Manhattan, New York, November 17, 2010. REUTERS/Mike Segar/File Photo

March 26, 2019

HONG KONG (Reuters) – Citigroup Inc said on Tuesday it planned to grow its Asia Pacific wealth management client base by 10 percent this year, stronger than the 8 percent growth it posted in 2018, as it hires more client advisers and boosts digital offerings.

Citi’s wealth management business, which is a part of its consumer banking unit, targets clients in Asia Pacific with investible assets of between $100,000 and $10 million in 17 markets.

Asia has become the main battleground for global wealth managers, including Credit Suisse, HSBC and Standard Chartered, looking to benefit from surging incomes in countries such as China and India.

Asia Pacific saw total household wealth grow by 3 percent in 2018 from a year ago to $114.6 trillion, making it the largest wealth region globally and putting it ahead of the United States and Europe, according to a Credit Suisse global wealth report.

With $256 billion worth of assets under management in 2017, Citi ranks second in the Asia wealth management league table after Swiss bank UBS, according to data compiled by Asian Private Banker.

“We are confident the investments we have made and continue to make will support double-digit client growth rates in 2019,” Gonzalo Luchetti, Citi’s head of consumer banking for Asia Pacific and EMEA, said in a statement.

Growth will be driven by increased investments the bank plans to make to bolster the headcount for client relationship managers as well as the usage of digital technology to offer wealth advice, it said.

Citi also expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank’s country chief said in January, despite a slowdown in the world’s second-largest economy.

(Reporting by Sumeet Chatterjee; Editing by Subhranshu Sahu)

Source: OANN

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Ocasio-Cortez’s Green New Deal Is So Urgent That She’s Mad GOP Wants To Vote On It

Virginia Kruta | Associate Editor

Democratic New York Rep. Alexandria Ocasio-Cortez attacked the GOP Saturday — for calling a vote on the Green New Deal that she proposed.

Calling it a “bluff-vote” designed to help Republicans campaign, the freshman Democrat tweeted, “The GOP’s whole game of wasting votes in Congress to target others ‘on the record’, for leg they have no intent to pass, is a disgrace.”

Many were quick to respond, however, that it seemed odd for someone to propose legislation at all if she didn’t actually want people to vote on it.

And then a few noted that it was doubly odd that Ocasio-Cortez wouldn’t want the specific legislation voted on — especially since she has referred to the climate fight as her generation’s “World War II” and has claimed that there’s 12 years left to live. (RELATED: Ocasio-Cortez Sells Green New Deal To Democrats As WWII Scale Effort)

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Source: The Daily Caller

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GBI releases ID of slain man accused of threatening woman

The Georgia Bureau of Investigation has released the identity of a man authorities say was holding a woman at gunpoint when he was fatally shot by a Cherokee County deputy.

News outlets report the GBI says 45-year-old Robert Mark Frady was killed Tuesday. The sheriff's office says a deputy responding to a domestic dispute found Frady threatening his estranged wife.

It says Frady refused to drop the weapon and was shot. The woman was treated at a hospital for unrelated injuries.

The GBI hasn't yet released identities of those involved in two police shootings that happened Wednesday. Atlanta police say two suspects were wounded when authorities saw them arming themselves. Their conditions are unclear. DeKalb County police say a traffic stop escalated into a shooting that critically wounded a man.

Source: Fox News National

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UK PM May asks EU for Brexit delay until June 30

Cars drive over Westminster Bridge as the Houses of Parliament is seen in the background, in Westminster, central London
Cars drive over Westminster Bridge as the Houses of Parliament is seen in the background, in Westminster, central London, Britain, April 4, 2019. Picture taken with long exposure. REUTERS/Alkis Konstantinidis

April 5, 2019

LONDON (Reuters) – British Prime Minister Theresa May wrote to European Council President Donald Tusk on Friday asking to delay Brexit until June 30 to allow divided British lawmakers to agree a withdrawal deal.

“The United Kingdom proposes that this period should end on 30 June 2019,” May said in the letter.

May said that if an agreement was reached before this date, then Britain proposed that the extension should be ended early.

“The government will want to agree a timetable for ratification that allows the United Kingdom to withdraw from the European Union before 23 May 2019 and therefore cancel the European Parliament elections, but will continue to make responsible preparations to hold the elections should this not prove possible,” she said.

(Reporting by Alistair Smout and Michael Holden; editing by Guy Faulconbridge)

Source: OANN

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Erdogan loses hold over Turkish capital, Istanbul disputed

Supporters of the main opposition CHP gather in front of the party's headquarters to celebrate the municipal elections results in Ankara
Supporters of the main opposition Republican People's Party (CHP) gather in front of the party's headquarters to celebrate the municipal elections results in Ankara, Turkey, March 31, 2019. REUTERS/Stringer

April 1, 2019

By Tuvan Gumrukcu and Ece Toksabay

ANKARA (Reuters) – Turkey’s Tayyip Erdogan suffered a severe setback as his ruling AK Party lost control of the capital Ankara for the first time in a local election and he appeared to concede defeat in the country’s largest city, Istanbul.

Erdogan, who has dominated Turkish politics since coming to power 16 years ago and ruled his country with an ever tighter grip, campaigned relentlessly for two months ahead of Sunday’s vote, which he described as a “matter of survival” for Turkey.

But the president’s daily rallies and overwhelmingly supportive media coverage failed to win over the country’s capital or secure a definitive result in Istanbul, as Turkey’s economic downturn weighed heavily on voters.

Turkish broadcasters said opposition Republican People’s Party (CHP) candidate Mansur Yavas had won a clear victory in Ankara, but the vote count in Istanbul was so tight that both parties declared the narrowest of victories.

“The people have voted in favor of democracy, they have chosen democracy,” opposition leader Kemal Kilicdaroglu said, declaring that his secularist Republican People’s Party (CHP) had taken Ankara and Istanbul from the AK Party and held its Aegean coastal stronghold of Izmir, Turkey’s third largest city,

Defeat for Erdogan’s Islamist-rooted party in Ankara was a significant blow for the president. Losing Istanbul, where he launched his political career and served as mayor in the 1990s, would be an even greater symbolic shock and a broader sign of dwindling support.

State-owned Anadolu Agency said the AKP would appeal in some districts of the capital.

In Istanbul, the AK Party said former Prime Minister Binali Yildirim defeated his CHP rival Ekrem Imamoglu by a mere 4,000 votes – with both candidates polling more than 4 million votes. Imamoglu said he had a lead of 28,000 with only 2,000 votes uncounted.

In a speech to supporters in Ankara, Erdogan appeared to accept AKP defeat in Istanbul, although he maintained that most neighborhoods in the city were held by his party. “Even if our people gave away the mayorship, they gave the districts to the AK Party,” he said.

The party would appeal results wherever needed, he added.

“TURNING A PAGE”

Erdogan pledged that Turkey would now focus on its troubled economy in the run-up to national elections in 2023. “We have a long period ahead where we will carry out economic reforms without compromising on the rules of the free-market economy,” he told reporters.

Turkey’s most prominent leader since the founder of the Turkish republic Mustafa Kemal Ataturk, Erdogan’s support has been based on strong economic growth and backing from a core constituency of pious, conservative Muslim Turks.

A consummate campaigner, he has been the country’s most popular – although divisive – modern politician, tightening his grip in elections last year that ushered in a powerful executive presidency, approved in a bitter 2017 referendum which alarmed Western allies who fear growing authoritarianism in Turkey.

But a currency crisis after last year’s election dragged the lira down by 30 percent and tipped the economy towards recession. With inflation close to 20 percent and unemployment rising, some voters appeared ready to punish the president.

“Today’s elections are as historic as that of 1994,” prominent journalist Rusen Cakir tweeted, referring to the year Erdogan was elected mayor of Istanbul. “It is a declaration that a page that was opened 25 years ago is being turned.”

As authorities again scrambled to shore up the lira over the past week, Erdogan cast the country’s economic woes as resulting from attacks by the West, saying Turkey would overcome its troubles and adding he was “the boss” of the economy. [nL8N21F3VP]

However Wolfango Piccoli, co-president of Teneo political risk advisers, said the AK Party had lost seven of the country’s 12 main cities, even without taking Istanbul into account.

“It’s a bad night for the AK Party,” he said. “They have done very poorly in all the economic powerhouses of country. For a party which portrays itself as pro-business, it’s a huge issue.”

The lira traded at 5.61 to the dollar after initial results came in, compared with 5.55 at Friday’s close and 5.65 in U.S. trading hours later on Friday.

In mainly Kurdish southeast Turkey, residents celebrated as the pro-Kurdish opposition Peoples Democratic Party (HDP) won back municipalities that authorities had taken over two years ago, accusing the HDP of terrorist links. The HDP denies links to the outlawed militant Kurdistan Workers’ Party.

“They robbed us of our will and we overturned this,” Diyarbakir resident Abdullah Elmas said.

(Additional reporting by Tulay Karadeniz, Orhan Coskun and Nevzat Devranoglu in Ankara, Daren Butler in Istanbul; Writing by Dominic Evans; Editing by Michael Perry)

Source: OANN

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

April 26, 2019

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

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

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

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

Source: OANN

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

April 26, 2019

By Simon Jessop and Sinead Cruise

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

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

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

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

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

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

Sherborne declined to comment.

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

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

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

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

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

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

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

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

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

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

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

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

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

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

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

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

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

(Editing by Jane Merriman)

Source: OANN

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

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

Ron Magill/Zoo Miami

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

Source: Fox News World

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

April 26, 2019

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

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

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

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

Source: OANN

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

April 26, 2019

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

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

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

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

Source: OANN

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