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Renault, Nissan, MMC plan joint board meeting, eye integration: report

Nissan Motor Co Ltd Chief Executive Hiroto Saikawa speaks at a news conference in Yokohama
Nissan Motor Co Ltd Chief Executive Hiroto Saikawa speaks at a news conference in Yokohama, in this photo taken by Kyodo February 12, 2019. Mandatory credit Kyodo/via REUTERS

March 10, 2019

TOKYO (Reuters) – Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to set up a joint board meeting structure to discuss issues related to their alliance in a step toward integration of operations, TV Tokyo reported on Sunday.

Citing multiple sources involved in the matter, the broadcaster said the heads of the three automakers – Nissan Chief Executive Hiroto Saikawa, Mitsubishi Motors Chairman Osamu Masuko, and Renault Chairman Jean-Dominique Senard – are preparing to announce the plan for the joint meeting soon.

If approved at Nissan’s scheduled board meeting on Tuesday, the three companies’ top executives will unveil the plan for the joint meeting, TV Tokyo said.

None of the three companies could be reached for immediate comment.

The alliance between Renault and Nissan was first set up in 1999 and expanded in 2016 to include Mitsubishi.

Carlos Ghosn, who served as chairman at all three companies, before his arrest in November, had been pushing for a deeper tie-up between Nissan and Renault, including possiby a full merger, despite Nissan reservations.

The future of the three-way partnership has been thrown into doubt after Ghosn’s arrest for alleged financial misconduct.

Ghosn, released on $9 million bail last week, faces charges of aggravated breach of trust and under-reporting his salary by about $82 million at Nissan for nearly a decade. He denies the charges.

The new board meeting structure, to be called “New Alliance Board”, would effectively replace two separate Dutch-based companies – one between Nissan and Renault, and the other between Nissan and Mitsubishi Motors – that were set up to explore synergies and handle other alliance matters, TV Tokyo reported.

The board meeting is likely to be chaired by Senard, and may assign working groups to explore ways to combine the three companies’ operations, TV Tokyo said.

(Reporting by Chang-Ran Kim and Maki Shiraki. Editing by Jane Merriman)

Source: OANN

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Dominant Nadal makes winning start in Monte Carlo

ATP 1000 - Monte Carlo Masters
Tennis - ATP 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 17, 2019 Spain's Rafael Nadal celebrates after winning his second round match against Spain's Roberto Bautista Agut REUTERS/Eric Gaillard

April 17, 2019

(Reuters) – Rafa Nadal produced a claycourt masterclass to pick apart fellow Spaniard Roberto Bautista Agut 6-1 6-1, as the world number two began his Monte Carlo Masters title defense in stunning fashion on Wednesday.

Playing his first match since injuring his knee at Indian Wells last month, Nadal showed no signs of rust as he raced into a 5-0 lead in the first set on Court Rainier III.

Bautista Agut did get on the board but Nadal clinched the opening set and put his opponent under further pressure with another break of serve at the start of the second.

There was no stopping Nadal who regularly moved Bautista Agut out of position, opening the court up effortlessly with powerful forehand combinations.

After saving three break points at 2-1, Nadal displayed his clinical side at the net to secure a 4-1 advantage and went on to claim a convincing win.

The 11-times Monte Carlo champion extended his winning streak to 16 matches at the tournament and will face Bulgarian Grigor Dimitrov in the third round.

“It was a great start, it’s good to be back here,” Nadal, the 17-times Grand Slam winner, said.

“I’ve had some great moments on this court, I really enjoy playing here.

“It’s not easy to come back from injury, I had to do a lot of mental work as well to be prepared. I tried to play solid, dominate with my forehand when I had the chance.”

German hotshot Alexander Zverev showed signs of a return to his explosive best in a 6-1 6-4 win over Canadian teenager Felix Auger-Aliassime.

Third seed Zverev, who lives in Monte Carlo, reached the semi-finals of his ‘home’ event a year ago, but has endured a difficult 2019 season.

After finishing runner-up to Australian Nick Kyrgios in Acapulco, Zverev has suffered early exits at Indian Wells, Miami and Marrakech.

“This is the first time this season I’ve felt really healthy,” said the 21-year-old.

“I’ve been training well but haven’t been able to take that into matches.

“I live just 500 meters from here, I’m comfortable on this court. I’m starting to feel better about my game. I’m really ready for the clay season.”

Last year’s French Open runner-up Dominic Thiem won 20 of his 23 first-serve points in a commanding display to beat Slovakian Martin Klizan 6-1 6-4.

Greek sixth seed Stefanos Tsitsipas also progressed, defeating Kazakh Mikhail Kukushkin 6-3 7-5.

(Reporting by Hardik Vyas in Bengaluru; Editing by Toby Davis)

Source: OANN

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Indonesian presidential hopefuls vow energy self-sufficiency through palm

Indonesia's presidential candidate Joko Widodo shakes hands with his opponent Prabowo Subianto after the second debate between presidential candidates ahead of the next general election in Jakarta
Indonesia's presidential candidate Joko Widodo (L) shakes hands with his opponent Prabowo Subianto after the second debate between presidential candidates ahead of the next general election in Jakarta, Indonesia, February 17, 2019. REUTERS/Willy Kurniawan

February 18, 2019

JAKARTA (Reuters) – Indonesia’s two presidential candidates pledged on Sunday to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fueled by palm oil, to cut costly oil imports by Southeast Asia’s biggest economy.

Indonesia, the world’s biggest palm oil producer, has been pushing for all diesel fuel used in the country to contain biodiesel to boost palm consumption, slash fuel imports, and narrow a yawning current account gap.

In a televised election debate, President Joko Widodo said if he won a second term the government planned to implement a B100 program, referring to fuel made entirely from palm oil, after last year making it mandatory to use biodiesel containing 20 percent bio-content (B20).

“We hope 30 percent of total palm production will go to biofuel. The plan is clear, so we will not rely on imported oil,” Widodo said, adding that Indonesia’s crude palm oil production had reached 46 million tonnes a year.

Agreeing on the importance of bioenergy for self-sufficiency, his opponent Prabowo Subianto said if elected he would also “boost the use of palm oil, palm sugar, cassava and ethanol from sugar (cane)”.

The challenger did not elaborate on his bioenergy plan, but his campaign team has proposed using millions of hectares of degraded land to cultivate palm sugar to produce energy.

Widodo’s government has previously said it would offer incentives for developers of B100, which the net oil importer hopes can replace fuel imports within three years.

Indonesia’s state energy company PT Pertamina has signed an agreement with Italian oil company Eni to develop a refinery in Indonesia that would produce fuel completely derived from crude palm oil (CPO).

Oil imports have contributed to Indonesia’s widening current account deficit and the volatility of the rupiah currency. The government claimed that its biodiesel program would save billions of dollars in diesel fuel imports.

Although retired general Prabowo agreed with Widodo on several points during the debate, he said Indonesia’s “land and water, and the resources within” must be controlled by the government.

“We are of the view that the government must be present in detail, thoroughly, firmly and actively to correct inequalities in wealth,” he said.

The challenger said the proportion of small farmers’ holdings in the country’s palm plantations should also be larger. Smallholders currently account for roughly 40 percent of Indonesia’s 12 million hectares of palm oil plantations.

Farmers currently do not require larger plots of land, but instead, they need a program to boost yield from their current farm, Mansuetus Darto of Palm Farmers Union said.

He added that farmers wanted more clarity on Widodo’s B100 program and have asked to ensure that small holders play a greater role in the biodiesel supply chain.

“This is an important task for Jokowi on how to prevent big palm companies to be the only main suppliers and not farmers,” Darto said, referring to the president’s nickname.

Both candidates expressed support for greater control of Indonesian natural resources.

President Widodo highlighted Pertamina’s takeover of stewardship of major oil and gas blocks from foreign operators, and an agreement for a state company to purchase a 51 percent stake in the giant Grasberg copper mine from Freeport McMoRan.

(Reporting by Fransiska Nangoy and Tabita Diela,; Additional reporting Bernadette Christina Munthe,; Editing by Ed Davies, Jan Harvey and Sherry Jacob-Phillips)

Source: OANN

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Japan February machinery orders seen rising for first time in four months: Reuters poll

File photo of a worker standing on a crane which is parked at a construction site at Keihin industrial zone in Kawasaki
A worker stands on a crane which is parked at a construction site at Keihin industrial zone in Kawasaki, south of Tokyo, in this June 13, 2012 file photo. REUTERS/Toru Hanai/Files

April 5, 2019

TOKYO (Reuters) – Japan’s core machinery orders likely rose for the first time in four months in February, a Reuters poll showed on Friday, but weak external demand and the U.S.-China trade war continue to cloud the outlook.

Core machinery orders, a volatile data series regarded as an indicator of capital spending in the following six to nine months, likely grew 2.5 percent in February from a month earlier, the poll of 17 economists showed.

In January, orders dropped 5.4 percent from the previous month.

To economists, the anticipated gain in February is not strong enough to change a trend of lackluster core machinery orders, which exclude those for ships and electric power utilities.

“Uncertainty over the economic outlook has risen globally and firms are cautious about investment, especially high-tech companies,” said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.

Compared with one year earlier, core orders in February are expected to have fallen 5.2 percent in February, according to the poll.

The trade friction between the United States and China is a major risk for Japan, as it ships electronics parts and heavy machinery to China as well as makes finished products for the United States and other markets.

The Cabinet Office will announce the machinery orders data at 8:50 a.m. Wednesday, April 10, Tokyo time.

The Reuters poll also showed an expectation that Japan’s current account likely had a surplus of 2.68 trillion yen ($24.00 billion) in February after 600.4 billion yen in January.

A weak yen likely inflated income from investments overseas, which contributed to a wider payments surplus, analysts said.

The finance ministry will release the February current account balance at 8:50 a.m. Tokyo time on April 8.

The poll also showed the Bank of Japan’s corporate goods price index (CGPI), which measures the prices companies charge each other for goods and services, increased 1.1 percent in March from a year earlier, after a 0.8 percent gain in February.

Price gains in oil-related items and chemical products lifted the index, analysts said.

($1 = 111.66 yen)

(Reporting by Kaori Kaneko; Editing by Richard Borsuk)

Source: OANN

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Australian media to face court over Pell trial coverage

FILE PHOTO - Vatican Treasurer Cardinal George Pell is surrounded by Australian police and members of the media as he leaves the Melbourne Magistrates Court in Australia
FILE PHOTO - Vatican Treasurer Cardinal George Pell is surrounded by Australian police and members of the media as he leaves the Melbourne Magistrates Court in Australia, July 26, 2017. REUTERS/Mark Dadswell/File Photo

April 14, 2019

By Tom Westbrook

SYDNEY (Reuters) – Three dozen Australian journalists and publishers are to face court on Monday over their coverage of Cardinal George Pell’s trial for child sex abuse, with prosecutors seeking fines and jail terms over accusations of breached gag orders in the case. Prosecutors in the southeastern state of Victoria have accused the 23 journalists and 13 news outlets of aiding and abetting contempt of court by overseas media and breaching suppression orders.

Among those facing contempt charges are Nine Entertainment Co, the Age, the Australian Financial Review, Macquarie Media, and several News Corp publications.

Although Monday’s hearing is largely procedural, media experts say the case shows not only the serious consequences of breaching rules on court reporting but also how poorly the rules rein in coverage in the era of digital news.

“It shows that the laws themselves are out of sync with the speed and breadth of publication,” said Mark Pearson, a professor of journalism and social media at Griffith University in Queensland state.

“But the courts can only do what is available to them. The courts have to send a message that people deserve a fair trial and that people can’t publish what they want to when someone is facing court, if that might damage the trial.”

Breaches of suppression orders can be punished with jail for up to five years and fines of nearly A$100,000 ($71,000) for individuals, and nearly A$500,000 for companies.

Macquarie Media did not respond to a request for comment but it has previously declined to comment, as the accusations are subject to legal proceedings.

Nine, which owns the Age and the Australian Financial Review, has denied the accusations and said it was surprised by the charges. News Corp has said it will defend itself vigorously.

Pell, who became the most senior Catholic cleric worldwide to be convicted of child sex abuse, was jailed for six years in February.

The county court of Victoria put a suppression order on reporting of Pell’s trial last year to prevent jury prejudice in that case, as well as on a second trial on other charges set for March.

In December, the jury in the first trial found Pell guilty of abusing two choir boys.

After the verdict, some Australian media said an unnamed high-profile person had been convicted of a serious crime that could not be reported.

No Australian media named Pell or the charges at the time, though some overseas media did.

Those who published online do not have offices or staff in Australia and were not charged for ignoring the suppression order, but have lobbied against it.

“Gag orders are futile in a case of global interest in the digital age,” said Steven Butler, an official of the Washington-based Committee to Protect Journalists. “We urge Australian authorities to drop these proceedings and to re-examine the application of such suppression orders,” added Butler.

The gag order, which had applied across Australia “and on any website or other electronic or broadcast format accessible within Australia”, was lifted on Feb. 26 when the charges that would have figured in the second trial were dropped.

(Reporting by Tom Westbrook; Editing by Darren Schuettler and Clarence Fernandez)

Source: OANN

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Roche lifts 2019 outlook as first-quarter sales beat forecasts

FILE PHOTO: Logo of Swiss drugmaker Roche is seen at its headquarters in Basel
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd Wiegmann

April 17, 2019

ZURICH (Reuters) – Swiss drugmaker Roche raised its 2019 outlook after first-quarter sales beat analyst forecasts on the strength of newer medicines including multiple sclerosis treatment Ocrevus and cancer immunotherapy Tecentriq.

Roche said sales are now expected to grow in the mid-single digit range, at constant exchange rates.

Revenue in the first quarter rose to 14.8 billion Swiss francs ($14.70 billion), compared to the 14.2 billion franc average forecast in a poll for Reuters. Ocrevus sales rose 67 percent to 836 million francs. Tecentriq revenue more than doubled to 336 million francs.

(Reporting by John Miller)

Source: OANN

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4 Stabbings In 14 hours: London Police Search For Serial Attacker

UK police are searching for a man who stabbed four victims in a series of attacks over 14 hours in Edmonton, North London. At least two are in critical condition, with officers calling on the public to stay vigilant.

The four victims were stabbed by an attacker who approached them from behind. Each was on their own at the time and “are all from different backgrounds and appear to have been selected at random due to them being alone and vulnerable,”DCI Stuart Smillie from North Area Command said.

“Police are treating the four stabbing related incidents as potentially linked,” Smillie added. “There is nothing to suggest this incident is terror-related.”

One woman was stabbed in the back on Aberdeen Road at about 7pm on Saturday and is in critical condition in hospital. A man was attacked just after 12am and is also in hospital, while a third victim was stabbed just before 4am near the Seven Sisters tube station and is in critical condition. The most recent victim was stabbed at 9:40am Sunday in Brettenham Road and has potentially life-changing injuries.

“We are working on the hypothesis that the single male suspect is acting alone and mental health issues may be a factor,”police said.

The suspect has been described as black, about 6ft 3ins, with a skinny build and wearing dark clothing. People living in the area have been advised to be vigilant and call the police if they see anyone acting suspiciously who matches the description.

A man was arrested on suspicion of grievous bodily harm before 11am in Fore Street, Edmonton and police are working to find out if this is the suspected attacker.

Source: InfoWars

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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President Trump said Friday he would beat Joe Biden “easily” in the 2020 presidential election, suggesting the former vice president could not have enough “energy” to hold the post—taking an apparent swipe at his age.

The president, departing the White House, was asked about Biden’s entrance into the Democratic primary field. Biden announced his presidential bid early Thursday morning, marking his third attempt at the White House.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

“I think we’d beat him easily,” Trump told reporters Friday.

Trump, 72, said he feels “young” and is ready for 2020, and another term for his administration.

“I feel like a young man. I am a young, vibrant man,” Trump said. “I look at Joe, I don’t know about him.”

The president’s comments seemingly were a shot at the age of Biden, who is 76.

BIDEN ENTERS WHITE HOUSE RACE WITHOUT OBAMA’S ENDORSEMENT

“I would never say anyone’s too old,” Trump said. “I know they’re all making me look very young both in terms of age and in terms of energy.”

Biden became the 20th candidate to join the crowded Democratic primary field Thursday. But Biden is not the oldest in the pack. Sen. Bernie Sanders, I-Vt., is 77 and Sen. Elizabeth Warren, D-Mass., is 69.

Should Trump be re-elected, he would be 74 on Jan. 20, 2021—Inauguration Day. Should the presidency go to one of the elder Democrats in the field—Biden would be 78; Sanders would be 79; and Warren would be 71.

Meanwhile, in a wide-ranging interview on “Hannity” Thursday night, Trump dismissed Biden’s candidacy, nicknaming him “Sleepy Joe,” and saying he’s “not the brightest bulb.” Trump also said that while the former vice president has name recognition, he won’t “be able to do the job.”

Source: Fox News Politics

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

Source: OANN

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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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