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ECB to keep policy as easy as needed: Villeroy

FILE PHOTO: ECB policymaker Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo
FILE PHOTO: European Central Bank policymaker Francois Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai/File Photo

April 11, 2019

WASHINGTON (Reuters) – The European Central Bank will keep its monetary policy as accommodative as necessary for as long as needed to reach its inflation target, French central bank governor Francois Villeroy de Galhau said on Thursday.

Speaking at an event in Washington on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, Villeroy de Galhau said the euro zone economy was now slowing, but would not be in recession.

Referring to the last meeting of the ECB’s governing council this week, he said:

“We confirmed our monetary commitment that we are ready to keep policy accommodative for as much and as long as necessary to reach our inflation target.”

He also reiterated the ECB would study the possibility of introducing tiered deposit rates for banks to limit the negative effect the current negative rate has on banks.

(Reporting By Jan Strupczewski; Editing by Francesco Canepa)

Source: OANN

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NHL roundup: Marner nets two to lead Leafs past Bruins

NHL: Stanley Cup Playoffs-Toronto Maple Leafs at Boston Bruins
Apr 11, 2019; Boston, MA, USA; Toronto Maple Leafs right wing Mitchell Marner (16) high fives center John Tavares (91) after an empty net goal against the Boston Bruins during the third period in game one of the first round of the 2019 Stanley Cup Playoffs at TD Garden. Mandatory Credit: Bob DeChiara-USA TODAY Sports

April 12, 2019

Mitch Marner scored two goals — one on a short-handed penalty shot in the second period — and the visiting Toronto Maple Leafs went on to defeat the Boston Bruins 4-1 Thursday night in the opener of a best-of-seven, first-round Eastern Conference playoff series.

William Nylander and John Tavares (into an empty net) also scored for the Maple Leafs. Patrice Bergeron scored for the Bruins, who won a first-round series over the Maple Leafs in seven games last season.

Toronto goaltender Frederik Andersen made 37 saves and frustrated the Bruins on several occasions. Tuukka Rask stopped 29 shots for Boston.

After tying the game late in the first, Marner was tripped by Jake DeBrusk on a short-handed breakaway early in the second to earn a penalty shot. Marner deked Rask easily for what proved to be the game-winner at 2:47 of the second period.

Capitals 4, Hurricanes 2

Nicklas Backstrom scored two of Washington’s three first-period goals, and the Capitals held off a late Carolina rally for a victory in Game 1 of a first-round Eastern Conference playoff series.

Backstrom had multiple goals for the third time in his playoff career, coming just over three minutes apart in that opening period. Alex Ovechkin also scored in the first period, and John Carlson notched a hat trick of assists, getting helpers on all three first-period goals. That tied the NHL record for most assists in a period of a playoff game.

Hurricanes rookie Andrei Svechnikov scored twice in a span of 2:19 in the third period to cut the deficit to 3-2, but Lars Eller put it away with an empty-net goal in the final minute. Svechnikov (19 years, 16 days) became the youngest player with multiple goals in a playoff game since 1997.

Flames 4, Avalanche 0

Mike Smith stopped all 26 shots he faced to earn the shutout, and Matthew Tkachuk scored twice as host Calgary beat Colorado in the first game of their opening-round Western Conference playoff series.

Smith was undoubtedly the star while posting his fourth career playoff shutout and adding an assist in the process. His teammates rewarded him with more than enough offense. Andrew Mangiapane broke the deadlock late in the second period for his first playoff goal, and Mikael Backlund also found the net.

Avalanche goalie Philipp Grubauer made 28 saves in the loss.

–Field Level Media

Source: OANN

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SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the sky

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

April 25, 2019

By Paresh Dave

SAN FRANCISCO (Reuters) – A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem.

SoftBank’s year-old HAPSMobile and Alphabet’s Loon, which spun out last July from the research incubator of the Google parent, separately have been trying to fly networking equipment at high altitudes to provide high-speed internet where ground-based towers are unreachable.

Loon carries the gear with a large balloon, while HAPSMobile uses a large drone.

Despite internet coverage gaps in rural areas or during natural disasters, mobile network operators, governments and other potential customers have yet to demonstrate much enthusiasm for buying skyborne technologies.

Also in the competition to fill the coverage gaps are several billionaire entrepreneurs, including Elon Musk, Richard Branson and Jeff Bezos. Each is backing separate early-stage ventures that want to beam internet from satellites in near-Earth orbit.

Loon and HAPSMobile said on Wednesday that collaboration could be the key to adoption. They are discussing the possibility of using each others’ technology, standardizing their airborne and ground networking gear and joining forces in regulatory discussions, they said in a statement.

The companies described their partnership as a “long-term” tie-up of one of Japan’s top three wireless carriers and one of the world’s biggest tech companies.

“I’m confident we can accelerate the path toward the realization of utilizing the stratosphere for global networks by pooling our technologies, insights and experience,” Junichi Miyakawa, SoftBank’s chief technology officer and HAPSMobile’s chief executive, said in the statement.

“Even in this current era of coming 5G services, we cannot ignore the reality that roughly half of the world’s population is without internet access,” Miyakawa added.

Loon has tested balloons for nearly a decade and expects to hold its first commercial trial in Kenya this year.

HAPSMobile emerged from technology developed by dronemaker AeroVironment Inc, which owns 10 percent of the SoftBank subsidiary.

Loon said it has the option to later invest $125 million in HAPSMobile.

(Reporting by Paresh Dave, Editing by Rosalba O’Brien)

Source: OANN

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Key senator urges White House to fill top Pentagon post

The Republican chairman of a key Senate committee is urging the White House to quickly nominate someone to lead the Pentagon.

Sen. James Inhofe said Tuesday that if the White House nominates Patrick Shanahan, who has been the acting secretary of defense since Jan. 1, he would welcome a "thorough but expeditious" investigation by the Defense Department inspector general of what Inhofe called "any outstanding issues." That seemed to be a reference to a recently announced investigation of alleged Shanahan bias in favor of his former employer, Boeing Co.

Inhofe is chairman of the Senate Armed Services Committee, which has jurisdiction over nominations to Pentagon positions.

Shanahan became acting secretary after Jim Mattis resigned in December. He is only the third person in history to serve as interim secretary.

Source: Fox News National

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Refugees in Egypt struggle to live as economic hardships deepen

Syrian refugee Ahmad al-Khatib sits with his wife Ilham Mohammad and his daughter Walaa in their home in Cairo
Syrian refugee Ahmad al-Khatib sits with his wife Ilham Mohammad (L) and his daughter Walaa in their home in Cairo, Egypt April 8, 2019. Picture taken April 8, 2019. REUTERS/Mohamed Abd El Ghany

April 10, 2019

By Lena Masri

CAIRO (Reuters) – Syrian refugee Ahmad al-Khatib and his 16-year-old son both work as tuk-tuk drivers in Cairo, but it is not enough to pay the bills.

Tough economic reforms and rising costs have hit refugees and migrants in Egypt particularly hard, aid groups say.

Help from a charity is the only way Khatib can cover the family’s rent. He also borrows cash from friends.

“How am I going to repay them?” he asked.

More than 77 percent of Syrian families in Egypt were in debt in 2017, up from 73 percent the year before, according to unpublished data seen by Reuters from a UNHCR survey of more than 100,000 Syrians.

Nearly 93 percent of families were unable to repay the loans, up from 81 percent in 2016, the year Egypt devalued its currency as part of an IMF loan deal.

Egypt has much smaller refugee populations than Jordan, Lebanon and Turkey, where most of those displaced by Syria’s war have fled. But refugees and asylum seekers reside in Egyptian communities rather than camps, and those without means are directly exposed to economic hardships.

Nearly 250,000 registered refugees and asylum seekers live in Egypt, more than half of them Syrian.

Khatib, 58, suffers from multiple illnesses, including a prostate infection, but cannot afford all the treatments he needs. He usually eats just one meal a day to cut costs.

AUSTERITY MEASURES

Arrivals of refugees and asylum seekers have surged, with about a 25 percent increase registered over the past two years, UNHCR data shows.

Since 2016 Egypt has also prevented large numbers of migrants and refugees from leaving by boat toward Europe, efforts that have been praised by the European Union, but this, combined with the increase in arrivals, have left many stranded in some of Egypt’s poorest neighborhoods.

The Egypt State Information Service could not immediately be reached for comment, but Egypt has previously said that the country’s treatment of refugees is exemplary because they can access services such as healthcare without discrimination and live freely among the Egyptian people.

Economic reforms have not only made life more difficult for Syrians. The International Organization for Migration says requests for assistance with housing costs, medical expenses and returns started to increase in June and have more than doubled since September. The majority come from Sudanese and Ethiopians.

“We believe it’s a consequence of economic reforms and the cut of gas subsidies, which has led to an increase in basic goods costs,” said Laurent De Boeck, IOM’s head in Egypt.

Austerity measures mean Egyptian landlords are stricter collecting rent, he said. Migrants mainly work in the informal sector and some poor Egyptians now view them as competitors, he added.

When Hala Bekdash fled shelling in her native Syria and brought her children to Egypt in 2012, life in their new country was affordable.

But during the past two years prices have rocketed and the family’s bills have doubled, the 32-year-old said.

Bekdash, who works long hours as a teacher, cannot afford to renew her expired passport, which means she cannot renew her Egyptian residency either, resulting in a fine she does not know how to pay.

But she does not want to return to Syria, where her husband would risk being conscripted.

“The building we lived in and where we had our shop was destroyed,” she said. “We have nothing left in Syria.”

(Reporting by Lena Masri; Editing by Aidan Lewis and Alison Williams)

Source: OANN

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Christians, hotel workers, tourists among Easter attack dead

More than 350 people were killed in bombings of churches and hotels in Sri Lanka on Easter Sunday.

Some details on the victims:

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SRI LANKA

The vast majority of victims were Sri Lankan, many from the nation's Christian minority. Their names and details of their lives were slow to trickle in and difficult to report, in part because authorities blocked most social media after the blasts.

Colombo archbishop Cardinal Malcolm Ranjith says at least 110 people were killed at St. Sebastian's Church in Negombo, a seaside town that's the center of Sri Lanka's small Catholic community

Sneha Savindi, 12, was among them. Her uncle, Duminda, said her badly wounded body was only identifiable by a birthmark on her foot. Stroking the sealed coffin, Savindi's aunt, Lalitha, said, "I wanted to see you as a bride, but now you're in this box."

The Shangri-La Hotel in Colombo, the capital, said three of its employees died at work.

At the hotel restaurant, Nisanga Mayadunne posted a selfie on Facebook showing her and her relatives around a table, eating eggs and sausages. Moments later, she and her mother, Shantha Mayadunne, were killed.

Shantha was an acclaimed chef who hosted live cooking programs on Sri Lankan television.

"They were the most loving family anyone could ask for," Manik Mayadunne, Nisanga's cousin, wrote on his Facebook page Monday.

In some places, the violence struck entire families. On Easter Sunday, as they did every Sunday, Berlington Joseph Gomez, 33, and his wife, Chandrika Arumugam, 31, went to church at Colombo's St. Anthony's Shrine. As always, they brought their three sons: 9-year-old Bevon, 6-year-old Clavon and baby Avon, just 11 months old.

Two days later, they were all being mourned by dozens of neighbors gathered at the modest home of Berlington's father, Joseph Gomez.

Candles burned beside three coffins and women sang hymns. The bodies of two grandsons have yet to be recovered.

"All family, all generation, is lost," Gomez said.

Negombo resident Herman Peiris lost two sisters and two nieces — one of whom was about to get married. He said his sisters, Celine and Elizabeth, spent most of their time as involved members at St. Sebastian church, and now people in the community are afraid to go there. He called for more security and for leaders to take both the blame and action.

"We villagers, or civil people, we can't do much," Peiris said.

Carpenter Dileep Roshan, 37, left behind a wife and daughter, his family said.

"His wife and daughter won't be able to do much now because he is gone," said his older brother, Sanjeevani Roshan. "The real question is what will happen to their future."

In addition to the suicide attacks at the hotels and churches, authorities have said two people were killed at a guesthouse and three police officers were killed by an explosion later Sunday that was set off by suspects trying to evade arrest.

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UNITED KINGDOM

Sri Lanka's top diplomat in Britain says authorities know of eight British nationals killed in the bombings.

Londoner Matthew Linsey's 15-year-old daughter, Amelie, and 19-year-old son, Daniel, died on the final day of their holiday while in the Shangri-La Hotel in Colombo. They apparently survived the first explosion but were killed by a second. Linsey described the event to The Times of London newspaper: "People were screaming. I was with my children. I couldn't tell whether they were all right; it was dark. I was worried there would be another blast. We ran out — another blast."

Lawyer Anita Nicholson, son Alex Nicholson and daughter Annabel Nicholson also died while on holiday and sitting at the Shangri-la Hotel restaurant, her husband, Ben Nicholson, said in a statement. He said, "The holiday we had just enjoyed was a testament to Anita's enjoyment of travel and providing a rich and colorful life for our family, and especially our children."

Former firefighter Bill Harrop and doctor Sally Bradley, a British couple who lived in Australia, were killed in one of the hotels, a family statement to The Australian newspaper said.

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INDIA

The Indian Embassy in Colombo says 10 Indian nationals died in the blasts.

H.D. Kumaraswamy, the chief minister of southern Karnataka state, mourned the deaths of two fellow Janata Dal Secular party members, K.G. Hanumantharayappa and M. Rangappa.

"I am deeply shocked at the loss of our JDS party workers, whom I know personally," he wrote Monday on Twitter.

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UNITED STATES

The State Department says at least four Americans were killed and several others seriously injured. It did not identify the victims.

Fifth-grader Kieran Shafritz de Zoysa, spending a year in Sri Lanka on leave from the private Sidwell Friends School in Washington, D.C., was among those killed, the school said in an email to parents. The email said, "Kieran was passionate about learning, he adored his friends, and he was incredibly excited" about returning to school.

Dieter Kowalski, who lived in Denver and worked for international education company Pearson, died in the blasts shortly after he arrived at his hotel for a business trip, the company and his family told the AP.

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DENMARK

The Bestseller clothing chain confirmed Danish media reports that three of the children of its owner, business tycoon Anders Holch Povlsen, were killed in the attacks. However, spokesman Jesper Stubkier gave no details in an emailed response to a query on the matter and said the company had no further comment.

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SWITZERLAND

Switzerland's foreign ministry says a Swiss national, a Swiss dual national and a non-Swiss member of the same family were killed in the bombings. It didn't identify the second country or give other details on the victims.

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SPAIN

Spain's foreign ministry says a Spanish man and woman were killed but didn't provide further details. The mayor of Pontecesures in northwest Spain, Juan Manuel Vidal, told Radio Galega that he knew the local pair and says they were in their 30s, according to a report by the Spanish private news agency Europa Press.

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AUSTRALIA

Australia's prime minister says a mother and daughter from that country were killed. Manik Suriaaratchi and her 10-year-old daughter, Alexendria, were attending a church service in Negombo when they died.

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CHINA

China's foreign ministry says one Chinese citizen was killed in the blasts, while five are missing. Five others were injured, including two who suffered severe injuries.

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OTHERS

The Netherlands, Japan and Portugal have confirmed that some of their nationals were among the dead.

Source: Fox News World

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CNBC: Top Trump Trade Official Clete Willems Leaving

Top Trump trade official Clete Willems is leaving the White House in a matter of weeks, CNBC reports, citing three unidentified sources.

Willems, who is deputy director of the National Economic Council, has been lead trade negotiator for the U.S. and has represented the council in trade talks with China in Beijing, subbing for NEC Director Larry Kudlow, who has been unable to travel for health reasons.

Source: NewsMax Politics

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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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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

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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