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Saudi Arabia proposes extending oil output cut until year-end – Russian agencies

FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia
FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

March 12, 2019

MOSCOW (Reuters) – Saudi Arabia is proposing that a global deal to cut oil output be extended until the year-end, Russian news agencies TASS and Interfax reported on Tuesday, citing an unidentified source close to OPEC.

TASS reported that Saudi Arabia favored the same or more relaxed production quotas under the deal.

(Reporting by Vladimir Soldatkin; Editing by Dale Hudson)

Source: OANN

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Taco Bell manager gets three years probation for choking pregnant employee

A former manager at a Portland, Ore., Taco Bell restaurant received a sentence of three years probation Friday for choking a pregnant co-worker during an argument over a food order last year.

Linda Witkerson, 48, pleaded guilty to fourth-degree assault and strangulation in Multnomah County Circuit Court. In addition to probation, Witkerson was ordered to pay a $250 fine, attend anger management classes, perform 100 hours of community service and told not to contact Mary Hulett, the former co-worker.

“I’m glad there was at least some kind of punishment for what she did,” Hulett told the Oregonian newspaper. “I think she got what she deserved.”

Witkerson and Hulett got into an argument in the Portland International Airport Taco Bell on June 3, 2018. Hulett was four months pregnant at the time. The pair got into a heated exchange after Hulett ordered food during her break, the Oregonian reported. Witkerson , 48, canceled the order after about 20 minutes, the paper reported.

An argument ensued and quickly escalated when she put her hands around Hulett's neck until she was shoved away.

“I didn’t know when she was going to take her hands off my throat, and I was in fear for my child,” Hulett told the Oregonian/OregonLive. “I’m just glad she let go and my son was born healthy.”

“It was wrong for me to call her the b-word, but that doesn’t justify you putting your hands on someone,” she continued.

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Witkerson no longer works for Taco Bell. It was not immediately clear if Hulett was still employed at the fast food chain.

Source: Fox News National

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Uber driver arrested after reported rape in Boston, state police say

An Uber driver was arrested after a woman reported being sexually assaulted in Boston early Saturday, according to officials.

Massachusetts State Police said in a news release that officers received a report around 1:15 a.m. that a woman had been sexually assaulted by an Uber driver on Storrow Drive near the Hatch Memorial Shell in Boston.

A preliminary investigation by officials led to the arrest of the driver, 37-year-old Daudah Mayanja of Waltham, on two counts of rape.

SOUTH CAROLINA MAN CHARGED WITH KIDNAPPING AND MURDER OF UNIVERSITY OF SOUTH CAROLINA STUDENT

"State Police Crime Scene Services personnel and an MSP chemist collected potential evidence for forensic analysis," state police said.

The victim is an adult female, who was transported to an area hospital for treatment.

While still in police custody, Mayanja told WCVB-TV in a phone interview on Saturday he was innocent.

"That information that aired outside is wrong and false," Mayanja told the television station. "She jumped from the backseat to the driver's seat. When I pulled over, she jumped out from the car, (and) I left the scene. I called my bosses because, after, I noticed that she left her bag inside my car. I called the Uber offices to tell them about the situation."

In a statement to Boston 25 News, Uber called the incident "horrible."

"What’s been reported is horrible and something no one should ever go through," the company told Boston 25. "We stand ready to support law enforcement with their investigation.”

INSTAGRAM MODEL, 26, WHO WAS CAUGHT KICKING SMALL DOG ON VIDEO GETS PROBATION

The company added that it's increasing its safety features and that riders can call 911 directly through the app while sharing their location with their GPS technology.

Some Uber riders, however, said incidents like the one on Saturday make them cautious about using the service.

"That’s really scary," Boston resident Molly Hanlon told Boston 25 News. "I know my mom always warns me, she’s always worried about Uber and I think it’s obviously important to be aware, make sure they know your name. But it’s scary, it’s things that you don’t think happen."

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State police said they are still investigating the incident.  Mayanja is being held on $25,000 bail and is set to be arraigned at Boston Municipal Court on Monday, according to police.

Source: Fox News National

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Heat C Whiteside allegedly embezzled by Avenatti

FILE PHOTO: NBA: Miami Heat at Toronto Raptors
FILE PHOTO: Apr 7, 2019; Toronto, Ontario, CAN; Miami Heat center Hassan Whiteside (21) tries to get around Toronto Raptors forward Pascal Siakam (43) at Scotiabank Arena. Mandatory Credit: John E. Sokolowski-USA TODAY Sports/File Photo

April 22, 2019

Miami Heat center Hassan Whiteside was allegedly embezzled out of $2.75 million by attorney Michael Avenatti 27 months ago, the Los Angeles Times reported.

Alexis Gardner, a former girlfriend of Whiteside, retained Avenatti to negotiate a potential lawsuit against Whiteside and Avenatti struck a $3 million deal.

Whiteside made an initial $2.75 million payment to Avenatti in January 2017 but none of the money was passed on to Gardner, according to the report.

Avenatti was entitled to just over $1 million in legal fees but hid the payment from Gardner, according to prosecutors, and took $2.5 million to buy a share of a private jet.

Avenatti was indicted on April 10 by a grand jury in Santa Ana, Calif. Gardner is one of five people who had money stolen from them by Avenatti, prosecutors said.

According to prosecutors, Avenatti repeatedly told Gardner that Whiteside wasn’t making his payments. Eventually, Avenatti made 11 payments to Gardner over a 15-month period — always misrepresenting them as a payment from Whiteside — totaling $194,000 before stopping in June 2018.

On Sunday, Avenatti commented on this Twitter account, saying in part:

“I look forward to all the details coming out regarding Hassan Whiteside’s settlement, the money received by the client, the money deducted for fees and costs, etc. and the reason why he paid the money.”

The reason for a $3 million settlement isn’t publicly known and Whiteside offered no explanation in a joint statement provided to the Los Angeles Times.

“We entered into a mutually agreed upon settlement more than two years ago following the end of our relationship; a settlement that reflected Alexis’ investment of time and support over a number of years as Hassan pursued a career in the NBA,” Whiteside and Gardner said in a statement released by Whiteside’s agent.

“It is unfortunate that something that was meant to be kept private between us is now being publicly reported. We have both moved on amicably and wish nothing but the best for each other.”

Last month, Avenatti was charged with attempting to extort up to $25 million from Nike by threatening to expose misconduct by Nike employees involving payments to college basketball players. He mentioned former Arizona center Deandre Ayton and Oregon big man Bol Bol as players who received money from Nike as recruits.

About 10 days later, Avenatti said the mother of Duke star Zion Williamson was paid by Nike for “bogus consulting services” as part of the deal to get Williamson to choose the Blue Devils.

Avenatti jumped into the public eye when he was the attorney for adult film star Stormy Daniels during her legal battles with President Donald Trump. He and Daniels parted ways earlier this year.

Whiteside, 29, just completed the third season of a four-year, $98 million contract. He averaged 12.3 points and 11.3 rebounds in 72 games (53 starts) this past season.

–Field Level Media

Source: OANN

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Mali struggles to disarm ethnic militia suspected of massacre

Villagers are seen following the March 23 attack by militiamen, in Ogossagou Village
Villagers are seen following the March 23 attack by militiamen that killed about 160 Fulani people, in Ogossagou Village, Mali, March 31, 2019 in this handout picture obtained April 18, 2019. ICRC via REUTERS

April 19, 2019

By Aaron Ross

DAKAR (Reuters) – Shortly after rolling into the central Malian town of Koro to detain a leader of an ethnic militia suspected of massacring about 160 villagers, a pickup truck of army soldiers was swarmed by hostile residents.

Video provided to Reuters by a senior member of the Dan Na Ambassagou militia appears to show the troops beating a retreat amid a hail of rocks and angry chants.

The episode last weekend, which was confirmed by a local mayor, was an embarrassing blow to the state’s authority in central Mali, where Islamist insurgents have been capitalizing on spiraling communal conflicts to recruit new members and extend their reach.

Government and army spokespeople did not respond to repeated requests for comment about the incident in Koro.

Mali’s prime minister and his entire government resigned on Thursday after legislators discussed bringing a motion of no confidence because of the massacre and a failure to disarm militias or beat back militants.

“The government’s failure to … rein in militia groups is now coming home to roost,” said Corinne Dufka, Human Rights Watch’s West Africa director. “It’s now threatening the very authority of the state.”

Western governments, including former colonial power France and the United States, are alarmed by the rise of jihadist groups linked to al Qaeda and Islamic State in West Africa’s lawless Sahel region.

They have deployed thousands of elite troops there to make sure it does not become a new Islamist haven following the losses inflicted on the groups in the Middle East.

Governments across the Sahel have also tacitly outsourced part of the fight against jihadists to local self-defense groups, many of them intent chiefly on settling ethnic scores.

However, the killings of the villagers on March 23, Mali’s worst ethnic bloodletting in living memory, show what can go wrong when governments turn a blind eye to vigilante groups in order to repel jihadists.

JIHADI THREAT

Mali’s President Ibrahim Boubacar Keita had ordered the Dan Na Ambassagou — an anti-jihadi, ethnic Dogon group — disbanded after suspected members stormed the two villages, Ogossagou and Welingara, inhabited mainly by Fulani herders.

Most of the deaths occurred in Ogossagou, where gunmen left the charred bodies of women and children smoldering in their homes.

The United Nations has sent rights experts to investigate the killings. The International Criminal Court said the crimes could fall under its jurisdiction.

Dan Na Ambassagou denies involvement in the killings and is refusing to lay down weapons it says it needs to defend Dogon farmers against jihadists, whose ranks consist largely of Fulanis.

“When there are two people who are in conflict … you can’t take the weapon from one and leave the other with his,” a senior militia member, Marcelin Guenguere, told Reuters on Wednesday.

Forcibly disarming Dan Na Ambassagou “could provoke a rebellion that will not be so easily contained”, he said.

The shaky footage provided by Guenguere purports to show dozens of people, some wearing floppy brown caps sported by Dogon hunters, yelling and gesticulating at the soldiers as they climb onto the back of the pickup and drive off.

Reuters could not independently authenticate the video.

But Moulaye Guindo, mayor of the nearby town of Bankass, confirmed that soldiers had tried to arrest the militia leader in Koro and withdrew when residents protested.

The government denies it coordinates with any militia.

Security Minister Salife Traore told parliament this month that some groups “thought they needed to fill in for the state”.

Researchers such as Human Rights Watch also say there is no proof of formal collaboration between Mali’s government and militias but, at the very least, there appear to be understandings that allow fighters to openly man checkpoints and defy bans on motorcycles.

Guenguere, however, told Reuters that Dan Na Ambassagou had provided guides for army operations and secured polling places during last year’s presidential election at the government’s request.

The government denies this.

“We have always collaborated well with the Malian army and authorities,” Guenguere said, “but now we are starting to become a little disappointed.”

Jihadi attacks have multiplied in the region, spilling into neighboring Burkina Faso and Niger despite the deployment of thousands of French soldiers to go after Islamist militants who briefly seized northern Mali in 2012.

The jihadis are adept at exploiting ethnic division, often siding with semi-nomadic Fulani pastoralists in conflicts with more settled farming peoples such as the Dogon over land rights.

The massacre of the Fulani villagers followed a deadly assault by jihadists on an army post that killed at least 23 soldiers, also in central Mali, an attack claimed by an al Qaeda affiliate.

So far, authorities have made five arrests. It was unclear if the attempt to apprehend militia leader Mamadou Guindo on Saturday was related.

“The events playing out in the center of our country have reached an unacceptable dimension that cries out to us all,” President Keita said in a speech on Tuesday, saying new measures to counter militia violence were being implemented.

(Additional reporting by Tiemoko Diallo in Bamako and Tim Cocks in Dakar; Editing by Tim Cocks, Alexandra Zavis and Alison Williams)

Source: OANN

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Trump says he won’t discuss pardons ‘right now’ when asked his plans on Flynn

President Trump, in an exclusive interview with Fox News' "Hannity" Wednesday night, avoided giving an outright answer when asked if he planned to pardon General Michael Flynn, who was charged in the special counsel’s Russia investigation.

When host Sean Hannity asked if Trump would consider a pardon for Flynn, who served as Trump’s national security adviser for less than a month before resigning, the president responded: “I don’t want to talk about pardons now.”

TRUMP CALLS SCHIFF A 'DISGRACE' FOR PUSHING COLLUSION AGENDA, SAYS DEM MAY HAVE BROKEN LAW

“When you mention General Flynn, he was a man who had an incredible record in the military,” Trump told Hannity. “You see what happened to him. The FBI said he wasn’t lying, as I understand it, and the Mueller group said he was lying.

“And you know what he’s gone through, and what so many others have gone through,” Trump continued. “I could name names that would just go on for your entire show. It’s a very, very sad thing. I don’t want to talk about pardons now. But I can say, it’s so sad on so many levels.”

RUMP TELLS HANNITY 'HUNDREDS OF MILES' OF BORDER WALL ALREADY UNDER CONSTRUCTION

Flynn pleaded guilty in December 2017 to making false statements to the FBI about his conversations with then-Russian ambassador Sergey Kislyak.

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A judge delayed Flynn’s sentencing in December.

Source: Fox News Politics

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Keep Farage out: Weber wants no EU vote in UK

EU centre-right lead candidate Weber poses during an interview with Reuters in Brussels
Manfred Weber, the centre-right European People's Party's lead candidate in the European Parliament elections, poses during an interview with Reuters in Brussels, Belgium, March 22, 2019. REUTERS/Francois Lenoir

March 22, 2019

By Alastair Macdonald

BRUSSELS (Reuters) – Europeans don’t want Britons to vote in May’s EU parliamentary election, the lead candidate for the center-right said on Friday, in part because Nigel Farage and other British euroskeptics would disrupt the Union.

Speaking to Reuters after EU leaders agreed with Prime Minister Theresa May that Britain would elect its own members to a new European Parliament if it has not left before the May 23-26 vote, Manfred Weber of the European People’s Party (EPP) said the summit had provided needed clarity on Brexit.

Leaders hardened their insistence that Britain should be out of the European Union before the election, so as to avoid casting doubt on the EU legislature’s legitimacy.

Weber, who leads the EPP in the chamber and is campaigning to succeed Jean-Claude Juncker as EU chief executive, said he was concerned, however, that if Britain took up the leaders’ offer to rethink its Brexit plan, stay until next year and send its own MEPs to the EU parliament, that would spell trouble.

“A possible participation of Great Britain in the EU elections can lead to a big success for the anti-elite parties in Great Britain. So that is my worry,” the German lawmaker said. “When Nigel Farage is back with a lot of MEPs in the EU parliament, that will create big problems for all of us.”

As leader of the UK Independence Party, Farage was a major voice in the campaign for the 2016 referendum that saw Britons vote 52-48 percent to leave. With Brexit still in doubt, he has said he will lead a new party to press for it, and would seek re-election to the European Parliament if Britons end up voting.

Farage and Weber have often clashed verbally on the floor of the chamber in Strasbourg. The EPP leader denied, however, that his party was particularly opposed to Britain returning MEPs because it would also benefit their center-left opponents. May’s Conservative Party quit the EPP a decade ago, meaning British EU elections always leave the center-right bloc empty-handed.

“It’s not about party politics,” Weber said. “It’s about how to manage the situation.

“I cannot explain to anyone in Europe … that a country which is leaving the EU has a big say in the future of the European Union. That is not understandable for people.”

Opinion polls indicate that, even without British votes, euroskeptic parties could increase their share of seats to 14 percent from 10 percent, potentially giving them a greater opportunity to disrupt efforts by the larger groupings in the pro-EU center to promote policies on European integration.

(Additional reporting by Clare Roth; Editing by Janet Lawrence)

Source: OANN

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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