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Teens who were with boy shot by officer are added to lawsuit

Four teenagers who were with a black Ohio boy before he was fatally shot by a white police officer are now third-party defendants in a lawsuit over his death, even though his family doesn't believe the teens should be held financially responsible.

The Columbus Dispatch reports the city of Columbus wanted the teens added to the case over the September 2016 death of 13-year-old Tyre (TY'-ree) King. That means they could be on the hook if Columbus or the officer is found liable for damages.

The city contends Tyre's death was a consequence of the teens' misbehavior.

Police say Tyre was with another teen who robbed someone, and Tyre was shot by a responding officer who thought he had a firearm. It turned out to be an inoperable BB gun.

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Information from: The Columbus Dispatch, http://www.dispatch.com

Source: Fox News National

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Kelsey Berreth case: Patrick Frazee to stand trial for murdering Colorado mom, judge rules

A Colorado man accused of killing his fiancee will stand trial on murder and other charges -- including tampering with a deceased body -- later this year, a county judge ruled following a preliminary hearing Tuesday.

Patrick Frazee, 32, is scheduled to be arraigned in the death of 29-year-old Kelsey Berreth on April 8. He has been held in jail since his arrest in late December. Berreth, who had a 1-year-old daughter with Frazee, was last seen alive on Thanksgiving Day, and her body has not yet been found.

Testimony during the daylong hearing centered on what Frazee's paramour, 32-year-old Krystal Jean Lee Kenney, told investigators during their probe into Frazee's disappearance. Colorado Bureau of Investigation Agent Gregg Slater testified that Kenney told police Frazee characterized Berreth as an alcoholic who had physically abused the couple's daughter, Kaylee. Slater said there was no evidence that was the case.

Slater testified that Frazee began trying to convince Kenney to kill Berreth in September of last year. Kenney told police Frazee suggested a number of methods to kill Berreth, including poisoning her coffee and beating her with a metal pipe or baseball bat. According to Slater, Kenney said she failed to follow through with Frazee's instructions, leading him to say at one point at the end of October: "I guess if you can't do it, I'm going to have to."

Kelsey Berreth, 29, was last seen alive on Thanksgiving Day. (Woodland Park Police Department)

Kelsey Berreth, 29, was last seen alive on Thanksgiving Day. (Woodland Park Police Department)

Slater also testified that Kenney told police that Frazee called her at her Idaho home on Thanksgiving Day and told her: "You need to get back out here right now, you've got a mess to clean up." When Kenney arrived at Berreth's townhouse in Woodland Park, Colorado two days later, she found a "horrific" scene with blood spattered on the walls and floors of Berreth's townhome, Slater said.

Kenney told police that Frazee convinced Berreth to wrap a sweater around her head and guess the scent of various candles then beat her to death with a baseball bat and stashed her body on a ranch. After she cleaned the house, Kenney said she went with Frazee to retrieve Berreth's body and watched as Frazee burned it along with the baseball bat on his property, Slater said.

She said Frazee later told her he planned to throw the remains in a dump or river.

Krystal Jean Lee Kenney has admitted to tampering with evidence. (Colorado Springs Police Department via AP)

Krystal Jean Lee Kenney has admitted to tampering with evidence. (Colorado Springs Police Department via AP)

Kenney took Berreth's phone to Idaho, where she sent text messages to Frazee and Berreth's employer posing as the dead woman then burned the phone, Slater said.

Kenney told police she wanted to please Frazee and feared that he would harm her or her family if she did not cooperate, Slater said. She has since pleaded guilty to tampering with evidence and is required to testify against Frazee as part of her plea agreement with prosecutors.

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The testimony did not reveal prosecutors' theory for a motive for why Frazee would kill Berreth. Her parents argue in a wrongful death lawsuit that they believe Frazee wanted full custody of the couple's 1-year-old daughter. The child has remained with them while the criminal case proceeds.

Investigators initially said Berreth was last seen on surveillance video with the couple's daughter at a grocery store near her home. However, police later found footage on a neighbor's surveillance camera showing Berreth, Frazee and their daughter at the entrance of Berreth's townhome later that afternoon.

Fox News' Kelly Burke and The Associated Press contributed to this report.

Source: Fox News National

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British Politician Slams Trump Plans to Visit UK on D-Day

The head of the Portsmouth City Council has criticized President Donald Trump's plan to visit the British city on the 75th anniversary of D-Day, saying it "will change things for the worse."

Gerald Vernon-Jackson told Portsmouth's local newspaper that "we don't want to see Trump in Portsmouth."

The city is scheduled to commemorate the Normandy landings on the day's 75th anniversary in June. The event has been planned by the Portsmouth City Council along with the Ministry of Defense and is set to feature military displays and tributes to those who found in the invasion and in the Second World War.

"His visit has changed things dramatically for D-Day 75 and has ruined things for the people of Portsmouth," he added. "We made a conscious decision not to invite him. We thought about inviting all the heads of state of Allied nations but decided against it."

Vernon-Jackson told the Evening Standard: "I am disappointed because it will change the nature of the event a great deal, for us the center of the events was meant to be the veterans.

"It's the 75th anniversary, this is probably the last time they will get together like this, the last time when they will meet the Queen, the last time the people of the city will be in a big event with them," he continued.

"With Donald Trump coming, I think the chances are that it will move from being around commemoration and instead it will be a day of controversy. There will be protests and that is not what we want."

Source: NewsMax Politics

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The Latest: Hamas says agreement to restore calm with Israel

The Latest on Israel-Gaza (all times local):

12:10 p.m.

A Hamas official says an agreement to restore calm between Gaza militants and Israel has been reached.

The official, speaking on condition of anonymity Friday because the Islamic militant group is yet to announce, said Egypt led meditation efforts "that have apparently paid off."

After about 7:30 a.m. Friday, there were no reports of outgoing Palestinian rocket attacks or Israeli airstrikes.

In what appeared to be a step to bolster the Egyptian efforts, organizers announced the cancellation of the weekly protests along the Gaza-Israel frontier, an activity that has been going on for a year and has often led to a violence flare-up.

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8:00 a.m.

The Israeli military says it struck 100 Hamas targets in the Gaza Strip overnight in response to rocket fire.

The army said early Friday that targets included an office complex in Gaza City, an underground complex that served as Hamas' main rocket-manufacturing site, and a center used for a Hamas drone program.

The airstrikes followed a rare rocket attack on the Israeli metropolis of Tel Aviv late Thursday. Israel says Hamas fired the rockets, though Hamas and a smaller militant group, Islamic Jihad, both denied involvement.

The fighting broke out amid Egyptian efforts to broker an expanded cease-fire deal between the bitter enemies, who last fought a war in 2014.

Several barrages of rocket fire continued during the night.

Source: Fox News World

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What is ‘Democratic socialism’? Bernie Sanders’ political ideology explained

Once largely considered “taboo” and a “dirty word,” socialism — particularly, Democratic socialism — has seemingly started to trickle into the political mainstream in recent years, thanks, in part, to self-proclaimed Democratic socialist Sen. Bernie Sanders of Vermont and New York Rep. Alexandria Ocasio-Cortez.

An August 2018 Gallup poll found Democrats had a “more positive image” of socialism than of capitalism, with 57 percent of Democrats and Democratic-leaning independents saying they had a positive view of socialism compared to 47 percent who had a positive view of capitalism.

Sanders will join Fox News Channel for a town hall co-anchored by Bret Baier and Martha MacCallum on Monday, April 15, at 6:30 p.m. ET in Bethlehem, Pennsylvania.

“Views of socialism among Democrats and Democratic-leaning independents are particularly important in the current political environment because many observers have claimed the Democratic Party is turning in more of a socialist direction,” Gallup noted at the time.

3 BERNIE SANDERS POLICIES NOW EMBRACED BY THE DEMOCRATIC FIELD

Socialism — a term that first hatched in the early 19th century, per The Washington Post — has “meant different things to different people in different times and places, while maintaining a stable core of themes and objectives: social (as opposed to private) control of the means of production, and of all the societal, humanitarian and political-economic changes that entails, especially where the freedom and autonomy of working people are concerned,” Opinion columnist Elizabeth Bruenig wrote in August 2018.

But what exactly does it mean to be a Democratic socialist? And how have Ocasio-Cortez, Sanders and other politicians who align with the political philosophy describe its meaning to them?

Read on for a brief look Democratic socialism.

First, what is Democratic socialism?

Democratic socialism pulls from both Democracy and socialism, per the Democratic Socialists of America (DSA) website. Political theorist and activist Michael Harrington helped form the DSA in 1982.

“Democratic socialists believe that both the economy and society should be run democratically — to meet public needs, not to make profits for a few,” the group states, noting to achieve a more “just society” many “structures of our government and economy must be radically transformed through greater economic and social democracy so that ordinary Americans can participate in the many decisions that affect our lives.”

Democratic socialists favor decentralization; they don’t necessarily want to create “an all-powerful government bureaucracy” but are not in favor of “big corporate bureaucracies to control our society either,” reads the website.

Those who align with the political ideology typically support pro-union politics, tuition-free public universities, universal healthcare and using tax money from the wealthy to fund social welfare programs, among other ideas, reported TIME in October 2018.

“[What they want] is not a violent overthrow of capitalism, but working within the system through legal and peaceful means [such as] electoral and social movements,” Maurice Isserman, a professor of History at Hamilton College, told the magazine at the time.

What issues are Democratic socialists focused on right now?

"Medicare for All," strong unions and electoral power are three of the DSA’s current campaigns.

What has Sanders said about being a Democratic socialist?

Sanders, a Democratic presidential candidate in 2016 and now one of the many vying for the Democratic presidential nomination for the 2020 election, explained what the political ideology means to him during a CNN town hall in February.

“These are not radical ideas,” said Sanders, 77.

“What democratic socialism means to me is having, in a civilized society, the understanding that we can make sure that all of our people live in security and in dignity,” he said. “All people should have health care. You can’t get ahead in this country, in this world, unless you have a decent education.”

"We have got to, as a right, end the kinds of discrimination — the racism, the sexism, and the homophobia — that exists. To me, when I talk about democratic socialism, what I talk about are human rights and economic rights,” he continued, before going on to list his policies — such as tuition-free public universities, raising the minimum wage and universal health care — he would enact if elected president.

What about other Democratic socialists like Ocasio-Cortez, Julia Salazar and Rashida Tlaib?

New York Rep. Ocasio-Cortez, 29, echoed Sanders when speaking to Business Insider in March.

"So when millennials talk about concepts like Democratic socialism, we're not talking about these kinds of 'Red Scare' boogeyman," she said. "We're talking about countries and systems that already exist that have already been proven to be successful in the modern world."

"We're talking about single-payer health care that has already been successful in many different models, from Finland to Canada to the UK," she added, before going on to say Democratic socialism enforces “basic levels of dignity so that no person in America is too poor to live.”

Julia Salazar, who represents New York’s 18th State Senate District, is also a self-proclaimed Democratic socialist, telling October, a beer-centric magazine, she has been a DSA member for two years and is “committed to trying to build Democratic socialism.”

On a personal level, Salazar, 28, said being a Democratic socialist “means fighting to make sure that every person is empowered to be able to determine their own destiny.”

“That all of us have access to not only basic needs, but to what we need to thrive in society. Housing is a human right, not something that should be at the mercy of the market. Health care is a human right, similarly, that shouldn’t be accessible only by income or status,” she added.

Rep. Rashida Tlaib, who represents Michigan’s 13th congressional district, has also spoken on the political ideology — telling In These Times in August of 2018 “it means a strong partner.”

“When I talk about equitable, just fairness, I lean on a whole group of people who understand just how much the structures in place are set up against the people, people of color, and the working class. It helps me have an organization and people to lean on. It’s important to have that kind of partnership,” Tlaib, 42, said.

Democratic socialism and American politics

Isserman told NPR in July 2018 “this is the most important moment in DSA history.”

The group has garnered an increasing amount of visibility in recent years, increasing from roughly 7,000 members to 50,00 since President Trump’s election in 2016, according to a 2018 Axios report.

The growing membership, combined with big wins for Democratic socialists are solid examples of the group’s “growing movement,” the publication added.

BERNIE SANDERS' BIGGEST STAR-STUDDED BACKERS: MARK RUFFALO, DANNY DEVITO AND OTHERS

Are there any models of Democratic socialism in the world today?

No country to-date has fully instituted Democratic socialism, per the DSA’s website, which noted some countries — Canada, Sweden and France, among others — have pulled from the political ideology in terms of health care, childcare and beyond.

Republicans, specifically, often refer to countries where socialism has arguably gone array — such as Zimbabwe and Venezuela, among others — to discredit some of the group’s ideologies.

“Critics say the U.S. would be a poorer, less efficient society,” Michael Kazin, a professor of history at Georgetown University, also told TIME.

Source: Fox News Politics

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Ivanka Blasts AOC's 'Green New Deal' as Handout

White House adviser Ivanka Trump on Tuesday slapped down New York Democratic Rep. Alexandria Ocasio-Cortez’s “Green New Deal” plan to boost jobs in an interview on Fox News.

“You’ve got people who will see that offer from the Democrats, from the progressive Democrats, Alexandria Ocasio-Cortez: ‘Here’s the Green New Deal, here’s the guarantee of a job,’ and think, ‘Yeah, that’s what I want, it’s that simple.’ What do you say to those people?” Trump, the daughter of President Donald Trump, was asked by Fox News host Steve Hilton in an interview that will air on Sunday.

“I don’t think most Americans, in their heart, want to be given something. I’ve spent a lot of time traveling around this country over the last four years. People want to work for what they get,” said Trump.

“So, I think that this idea of a guaranteed minimum is not something most people want. They want the ability to be able to secure a job. They want the ability to live in a country where’s there’s the potential for upward mobility,” she added.

Trump went on to say that her father’s policies are “continuing to allow this economy to thrive.”

Source: NewsMax Politics

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Conservative activist assaulted at UC-Berkeley campus during recruitment drive

University of California police want the public's help tracking down a suspect whose brutal alleged assault of a conservative activist on the Berkeley campus was caught on video.

The campus police website said that two men on Tuesday approached a table where the activist was recruiting members to his group, and an argument ensued. The alleged victim, identified by Turning Point USA as Hayden Williams, held up his cell phone and began filming the two men who were allegedly harassing him. One of the two men knocked over the table, police said, and then punched Williams several times, causing injuries to his face. Much of the incident was captured on a witness' cellphone, but it was unclear what, if anything, Williams may have said before the attack.

The suspects had left by the time police arrived.

Although Williams was helping Turning Point USA, he is not actually a member of the group. Williams is campus representative for Leadership Institute, according to Campus Reform, a conservative news site that the institute operates.

A witness told Fox News the recruitment table had a sign that said: "Hate Crime Hoaxes Hurt Real Victims," in reference to the case of “Empire” actor Jussie Smollett, who is accused of staging a bias attack against himself in downtown Chicago last month.

On its website, Campus Reform, which interviewed Williams, reported that the alleged attacker cursed at the activist, calling him a racist and threatened to shoot him.

The Berkeley incident is the latest in a growing series of ideological clashes that have turned violent on college campuses. Conservative groups claim students who lean to the right have been targeted for harassment and even assault over their views.

“College campuses have become increasingly unsafe for conservatives,” Charlie Kirk, the founder and executive director of Turning Point USA, told Fox News. “Our amazing Turning Point USA team was talking and then confronted by the hateful left which resulted in the assault and punching in the face just because of a difference of opinion. If the attacker was wearing a MAGA hat, this would be classified as a hate crime and all over every news channel.”

IOWA COLLEGE REJECTS CONSERVATIVE GROUP'S STUDENT CHAPTER 

Guillermina Castro, a UC-Berkeley freshman who is trying to establish a Turning Point USA chapter on the campus, said it was her idea to set up the table to offer information to potential recruits.

She said that harassment of conservative students is so common these days that she felt nervous about leaving Williams at the table alone as she sat in a class.

When she returned to the table, she found her concerns had been well-founded.

“I saw our sign ripped up, all our papers were on the floor, Hayden was covering his [injured] eye,” Castro told Fox News. “I said ‘Oh my God, what happened?’”

“He said that a guy had just punched him in the face.”

CRAZIEST CAMPUS MELTDOWNS, PROFESSORIAL RANTS FROM 2018

She added that when she tweeted about the incident, she received hateful messages from people applauding the violence.

“One woman called me a white supremacist,” she said. “I said ‘Wait, I’m Latina!’”

TRUMP SLAMS JUSSIE SMOLLETT FOR SMEARING SUPPORTERS WITH 'RACIST AND DANGEROUS COMMENTS'

Castro said that while she has come to expect taunts from other students over her political views, Tuesday’s violence had a chilling effect.

“I was shocked,” she said. “You’d expect students at Berkeley to be smarter, to be more open about different points of view.”

CLICK HERE FOR THE FOX NEWS APP

Campus Reform quoted Williams as saying: “Some students nearby tabling were laughing, even one guy was smiling while I was being attacked and trying to hand me his flyer as a joke. The idea is free speech has consequences.... which include you getting assaulted if they find you promoting ideas others don't agree with.”

Alex Szarka, a junior who happened to be passing by when the altercation broke out, filmed it to ensure that there would be documentation and that the man who punched Williams is held accountable, he told Fox News.

“I was walking by when I saw it, it escalated so quickly,” Szarka said. “The Turning Point USA table had signs that on a campus like Berkeley, would be seen as provocative. I was surprised to see [the reaction] be this bad. I would like to see the guy get arrested, and expelled immediately. In any other situation, without the politics, this would absolutely be a very well-publicized thing. I was in disbelief.”

Source: Fox News National

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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