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If UK parliament votes for Brexit delay, May will write to EU on why and for how long

Britain's PM May poses with EU Council President Tusk in the Red Sea resort of Sharm el-Sheikh
FILE PHOTO: Britain's Prime Minister Theresa May poses with European Council President Donald Tusk during a summit between Arab League and European Union member states, in the Red Sea resort of Sharm el-Sheikh, Egypt, February 24, 2019. Francisco Seco/Pool via REUTERS

March 14, 2019

LONDON (Reuters) – If Britain seeks an extension to the Article 50 Brexit negotiation period, Prime Minister Theresa May will write to the European Union’s Donald Tusk to set out why it wants the delay and for how long, the British government said on Thursday.

Britain’s parliament is due to vote later on Thursday on whether to seek a delay, after lawmakers rejected May’s Brexit deal for a second time earlier this week.

In a document setting out the parameters of any delay, the government said it would have to have a specific end date and Britain would remain a full EU member state during an extension.

“While Article 50 does not set out how either party should request an extension, the government believes it would be appropriate for the Prime Minister to write to the President of the European Council, setting out why the UK was requesting an extension and for how long,” the document said.

(Reporting by Kylie MacLellan and Elizabeth Piper)

Source: OANN

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U.S. corporate breakups could be catalyst to change Dow index

FILE PHOTO: A screen displays the trading information for chemical producer DowDuPont Inc. on the floor at the NYSE in New York
FILE PHOTO: A screen displays the trading information for chemical producer DowDuPont Inc. on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019. REUTERS/Brendan McDermid/File Photo

March 22, 2019

By Lewis Krauskopf

NEW YORK (Reuters) – Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies.

The latest occasion to re-examine the Dow stems from chemical company DowDuPont Inc, which is breaking up into three publicly listed stocks. The first step, the separation of the company’s Dow materials science division, is due to take effect on April 1.

Another index component, industrial conglomerate United Technologies Corp, is also in the process of separating into three companies, possibly in about a year.

While many professional investors prefer other stock gauges to the Dow, membership in the blue-chip index – often thought of as Main Street’s market barometer – still carries allure because of its relatively few constituents. Funds with billions of dollars under management are also linked to the index, so constituent changes affect flows into and out of stocks.

While pieces of the original components could stay in the Dow, those corporate actions could spur the overseers of the index to add fresh blood, some market watchers say.

“All of the options are certainty on the table,” said Todd Rosenbluth, head of ETF and mutual fund research at CFRA. “This could be a catalyst for a new addition to the broader index.”

S&P Dow Jones Indices, which publishes the Dow index, will make an announcement before April 1, according to spokesman Ray McConville.

Any time there is a corporate action in an index, McConville said, “S&P DJI will review the index and make any necessary changes and issue a public announcement before the transaction takes place.”

Known for its inclusion of large U.S. companies as well as its relatively few members compared to other barometers, the Dow has changed components roughly every two years over the past 20 years. The most recent such move came last June, when longtime member General Electric Co was replaced by Walgreens Boots Alliance Inc.

Prior to that, DowDupont took over for DuPont in September 2017, after the latter company merged with Dow Chemical, and Apple replaced AT&T in March 2015.

The index is a measure of 30 companies designed to provide suitable sector representation, except for transportation and utilities stocks, which are covered by other Dow Jones indexes, according to published methodology for the index.

The overall level of the Dow does not change when its components do, because the divisor used to calculate the index is adjusted.

Stock selection is “not governed by” quantitative rules, according to the published methodology, which also says “a stock typically is added only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors.”

The subjectivity of the criteria regularly prompts speculation about which companies may qualify.

Some companies that seem like obvious candidates at first blush may have strikes against them. For example, two of the largest U.S. companies – Amazon.com Inc and Alphabet Inc, the parent of Google – have share prices that are both well over $1,000 each.

That’s a problem because such high prices would warp the Dow, whose constituents carry more weight the higher their share price. At about $375 a share, Boeing Co is the highest priced stock in the Dow by more than $100.

Many indexes, such as the S&P 500, are weighted by companies’ market capitalization, rather than by their share price.

One remaining piece of DowDuPont – the only materials sector stock in the Dow – could stay in the Dow Jones index.

“If you take DowDuPont off, then there is nothing really with that materials” exposure, said James Ragan, director of wealth management research at D.A. Davidson in Seattle. “I am not sure this is an opportunity to make a big change here.”

The DowDuPont breakup will leave Dow, specialty products company DuPont and Corteva, which focuses on agriculture.

Dow and DuPont would be the biggest of the three, with market values estimated at about $50 billion and $60 billion, respectively, according to Nomura Instinet analyst Aleksey Yefremov. “If they want to have a materials company they have to pick one of these two, just because they are so broad,” Yefremov said.

United Tech is separating into an aerospace supplier, an elevator manufacturer, and a provider of building products including air-conditioning systems.

Aerospace is by far the biggest division of the three by sales, but with one aerospace stock already in the Dow – planemaker Boeing – that new company may be redundant.

In many investors’ eyes, the Dow pales in importance as a market barometer to the S&P 500, with its 500 constituents weighted by market value. Just over $23 billion is invested in mutual and exchange-traded funds tied to the Dow Jones Industrial Average compared to nearly $4.3 trillion tied to the S&P 500, according to Lipper research.

But the more than 120-year-old index remains a popular market gauge.

“The Dow’s price-weighted construct and the fact that it’s only 30 names makes it reasonably distinct from measures that folks will more likely look at to be representing the market as a whole,” said Simeon Hyman, global investment strategist at ProShares, which has five ETFs with $1.5 billion linked to the Dow.

But, adds Hyman: “The fact that it’s distinct means that some folks will find utility in it.”

(Reporting by Lewis Krauskopf; Editing by Alden Bentley and Leslie Adler)

Source: OANN

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Poland seeks to prosecute communist-era judges, prosecutors

Poland's justice officials say they are seeking to prosecute seven communist-era judges and prosecutors who imprisoned pro-democracy fighters in the 1980s.

Justice Minister Zbigniew Ziobro said Tuesday that authorities want to lift the immunity of the seven, who "lawlessly deprived of freedom" those protesting the 1981 communist-imposed martial law. He said the aim was to bring them to justice. He did not disclose their identities.

It was not clear when the motions, written by special history-focused prosecutors, would be sent to court.

Poland's right-wing ruling Law and Justice party, which has introduced controversial charges to the justice system, has made it a priority to punish and remove from public life justice officials of the communist era. It argues it is acting in the interest of the victims.

Source: Fox News World

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Pompeo pledges support for Congo’s Tshisekedi ‘change agenda’ in first meeting

FILE PHOTO: Democratic Republic of Congo's Felix Tshisekedi swears into office during an inauguration ceremony as the new president of the Democratic Republic of Congo at the Palais de la Nation in Kinshasa
FILE PHOTO: Democratic Republic of Congo's Felix Tshisekedi swears into office during an inauguration ceremony as the new president of the Democratic Republic of Congo at the Palais de la Nation in Kinshasa, Democratic Republic of Congo January 24, 2019. REUTERS/ Olivia Acland/File Photo

April 4, 2019

WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo expressed support for Congo President Felix Tshisekedi’s “change agenda” to tackle corruption, improve human rights and strengthen security during their first meeting on Wednesday, the State Department said.

It was Tshisekedi’s first visit to the United States since winning Dec. 30 elections, which while marred by widespread accusations of fraud, led to the first transfer of power via the ballot box in the Democratic Republic of Congo.

“They discussed the future of U.S.-DRC relations following the country’s historic transfer of power earlier this year,” the department said in a statement.

They also discussed ways to combat the Ebola outbreak in the country’s eastern region, which has killed more than 600 people, and ways to open the country to U.S. investment, the department added.

Washington has imposed sanctions against senior Congolese elections officials for fraud and corruption in the Dec. 30 vote.

While the sanctions have targeted Congo’s electoral commission chief and advisers, Washington has stopped short of calling into question the legitimacy of Tshisekedi’s victory.

(Reporting by Lesley Wroughton; Editing by Peter Cooney)

Source: OANN

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Ilhan Omar: Obama’s a ‘pretty face’ who got ‘away with murder’

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Wimbledon champion Kvitova’s attacker gets eight-year sentence

Tennis: Miami Open
Mar 25, 2019; Miami Gardens, FL, USA; Petra Kvitova of Czech Republic waves to the crowd after her match against Caroline Garcia of France (not pictured) in the fourth round of the Miami Open at Miami Open Tennis Complex. Mandatory Credit: Geoff Burke-USA TODAY Sports

March 26, 2019

PRAGUE (Reuters) – An attacker who stabbed two-time Wimbledon champion Petra Kvitova was sentenced to eight years in prison by a Czech regional court, CTK news agency reported on Tuesday.

Kvitova suffered severe wounds to her left playing hand as she struggled with the intruder in her flat during the attack in December 2016.

She returned to professional tennis in May 2017, crowning her comeback 18 months later with her first final appearance at 2019 Australian Open.

(Reporting by Robert Muller, Editing by William Maclean)

Source: OANN

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Boxing: Yearning for Olympic gold, ‘Magnificent Mary’ keeps punching

FILE PHOTO: India's boxer MC Mary Kom listens to her coach during a training session in Pune
FILE PHOTO: India's boxer MC Mary Kom listens to her coach during a training session at Balewadi Stadium in Pune, about 190 km (118 miles) from Mumbai, March 12, 2012. REUTERS/Danish Siddiqui

March 14, 2019

By Sudipto Ganguly

MUMBAI (Reuters) – M.C. Mary Kom has spent close to two decades slugging it out in the ring but even at 36 one of the most decorated women boxers in the amateur game has no intention of quitting before she gets a chance to land the ultimate prize in Tokyo next year.

‘Magnificent Mary’, as she is known in India, was a bronze medalist at the 2012 Olympics in London and won a record sixth gold medal at the World Amateur Boxing Championships last year.

Her most recent gold came after a gap of eight years and, with the 2020 Olympics on the horizon, the trailblazing mother of three is not done yet.

“I believe the hunger and desire to take on challenges has kept me going,” Mary Kom told Reuters in an interview.

“I always like to challenge myself and accomplish them, it keeps me motivated to take on new ones.

“The new challenge for me is to win my first ever Olympic gold medal.”

The pint-sized puncher, who has also won gold medals at the Asian Games and Commonwealth Games, won her first world championship silver in 2001 and had targeted the 2016 Rio Games as her swansong.

Failing to qualify for the quadrennial showpiece was a heartbreaking setback given the amount of time and hard work she had put in for training, and she conceded the thought of hanging up her gloves had crossed her mind.

“It has happened at times,” said Mary Kom, who last month signed a two-year deal with Puma to be their ambassador for women’s training in India.

“Because family is equally important, but I believe that’s where I have been really lucky as my family has always motivated me to continue boxing and since it is my only passion I have always wanted to achieve more.”

As well as her opponents, Mary Kom has also had to fight negative perceptions about women’s boxing in what is still a socially conservative country.

In that regard, she considers herself fortunate to come from the state of Manipur in India’s northeast, where boys and girls are treated more equally.

In some Indian states, gender bias and sex-selective abortion are not uncommon and girls are often viewed as a financial burden because of the dowry given by the bride’s family to the groom – an illegal but prevailing social custom.

Mary Kom was also greeted with scepticism when she started her career in the ring and had to keep it a secret from her parents. It was only when her picture appeared in a local newspaper that she confessed she was a fighter.

But success came quickly and she was a world champion before her marriage. The doubters were back on her case when she returned to the ring after starting her family but Mary Kom has continued to prove them wrong.

BALANCING MOTHERHOOD AND BOXING

The face of the campaign to get women’s boxing into the Olympics in London, Mary Kom’s story ultimately captured the imagination of the country’s film industry and a biopic of her life came out in 2014.

She now has three boys of her own to raise and balancing boxing and motherhood is a daily challenge, and one that is only going to get harder as the Tokyo Olympics approach.

Mary Kom won her latest world title at light flyweight but at the Olympics has to move up to flyweight, the lightest of the five categories in Tokyo.

In the past she has also faced problems in finding the right sparring partner.

“I am focusing on my diet and doing the regular training,” said the Muhammad Ali fan. “The weight category will be tough and you have to be really, really focused as there are some good boxers in that category.

“I have a good coach and good support staff who are now capable enough to condition me for the best of opponents and I am going to continue with this.”

Boxing’s future as an Olympic sport is shrouded in uncertainty with planning for the Tokyo Olympic tournament on hold due to financial and governance issues in amateur boxing’s governing body AIBA.

But Mary Kom is not going to allow her attention to stray.

“I think as athletes our focus is to play to the best of our potential and not think of anything else,” she said. “Hopefully things will be taken care of.

“My job is to continue to train and be in the best version of myself. I should be ready for any condition.”

(Editing by Peter Rutherford)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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Al-Qaida in Yemen is vowing to avenge beheadings carried out by Saudi Arabia this week — an indication that some of the 37 Saudis executed on terrorism-related charges were members of the Sunni militant group.

Al-Qaida in the Arabian Peninsula, as the branch is called, posted a statement on militant-linked websites on Friday, accusing the kingdom of offering the blood of the “noble children of the nation just to appease America.”

The statement says al-Qaida will “never forget about their blood and we will avenge them.”

U.S. ally Saudi Arabia on Tuesday executed 37 suspects convicted on terrorism-related charges. Most were believed to be Shiites but at least one was believed to be a Sunni militant.

His body was pinned to a pole in public as a warning to others.

Source: Fox News World

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For two friends with checkered pasts it was the luck of a lifetime: a 4 million-pound ($5.2 million) lottery win.

But Mark Goodram and Jon-Ross Watson may see their celebrations cut short.

The Sun newspaper reports that Britain’s National Lottery is withholding the payout as it investigates whether the men, who have a string of criminal convictions, used illicit means to buy the winning ticket.

The Sun said neither man has a bank account, leading lottery organizers to investigate how they obtained the bank-issued debit card that paid for the 10 pound ($13) scratch card.

Camelot, which runs the lottery, said Friday it couldn’t confirm details of the story because of winner-anonymity rules. The firm said it holds a “thorough investigation” if there is any doubt about a claim.

Source: Fox News World

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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