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Judge Approves Lawsuit Against Obama Presidential Library

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Source: InfoWars

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Yen holds gains on U.S.-Europe trade tension, Brexit summit in focus

FILE PHOTO: Illustration photo of a Japan Yen note
FILE PHOTO: A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration

April 10, 2019

By Daniel Leussink

TOKYO (Reuters) – The safe-haven yen held most of its recent gains on Wednesday as investor caution prevailed due to fresh global trade tensions and as the International Monetary Fund downgraded its global economic outlook.

Broader sentiment in the market remained subdued as the flare-up between the United States and Europe added to other potential global flashpoints over trade, including ongoing Sino-U.S. tariff negotiations.

“Now, there are battles on two fronts for the U.S.,” said Bart Wakabayashi, Tokyo branch manager at State Street Bank.

“If they’re going to be driving the global economy, it’ll be inherently more difficult if they’re fighting all these trade wars…on multiple fronts,” he said.

The dollar was basically unchanged at 111.17 yen, paring a slight loss earlier. The U.S. unit has fallen almost two-thirds of a percent from a more than three-week high of 111.825 yen brushed on Friday last week.

Against a basket of key rival currencies, the dollar was steady at 97.017, after giving up 0.35 percent overnight.

On Monday, the U.S. Trade Representative proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for European aircraft subsidies.

The IMF on Tuesday slashed its global growth forecasts for 2019 to 3.3 percent, the slowest expansion since 2016 and from its earlier projection of 3.5 percent in January.

The global lender said a sharp downturn could require world leaders to coordinate stimulus measures.

Investors’ immediate focus on Wednesday will be on a European Central Bank meeting and the release of minutes of the Federal Reserve’s last policy meeting.

Ahead of a Brexit summit meeting later on Wednesday, the euro and sterling both were essentially unchanged, trading at $1.1266 and $1.3052, respectively.

European Union leaders will likely grant Prime Minister Theresa May a second delay to Britain’s exit from the EU but they could demand she accepts a much longer extension as France pushed for conditions to limit Britain’s ability to undermine the bloc.

The latest IMF forecasts, together with a pullback in oil prices, put pressure on commodity-linked currencies such as the Australian and Canadian dollars.

The Aussie was essentially unchanged at $0.7128 after coming off a more than two-week high during the previous session. The loonie was flat at $1.3330 after retreating from its strongest since March 21 overnight.

(Editing by Sam Holmes)

Source: OANN

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Pope condemns politicians who want walls to keep migrants out

Pope Francis addresses reporters aboard the plane bringing him back following a two-day trip to Morocco
Pope Francis addresses reporters aboard the plane bringing him back following a two-day trip to Morocco March 31, 2019. Alberto Pizzoli/Pool via REUTERS

March 31, 2019

ABOARD THE PAPAL PLANE (Reuters) – Pope Francis on Sunday said political leaders who want walls and other barriers to keep migrants out “will end up becoming prisoners of the walls they build”.

The pope made his comments to reporters aboard the plane returning from Morocco in response to a question about migration in general and about U.S. President Donald Trump’s threat to shut down the southern border with Mexico.

“Builders of walls, be they made of razor wire or bricks, will end up becoming prisoners of the walls they build,” he said.

(Reporting by Philip Pullella; Editing by Phil Berlowitz)

Source: OANN

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Saudi Aramco buys $1.2 billion stake in South Korean refiner

Saudi Aramco says it has reached an agreement to acquire a $1.25 billion stake in South Korean refiner Hyundai Oilbank that would provide Saudi Arabia's state-run oil company with a dedicated outlet for its crude to South Korea.

Aramco says the deal, announced on Monday, amounts to a 17% stake in Hyundai Oilbank, a private oil refining company that is a subsidiary of the publicly traded Hyundai Heavy Industries Holdings. The refinery complex in the western coastal city of Daesan, where Hyundai Oilbank's major facilities are located, has a processing capacity of 650,000 barrels per day.

Hyundai Oilbank says the Aramco purchase was made on valuation of the business at around $8.8 billion in market capitalization. It comes ahead of plans for an initial public offering by Hyundai Oilbank.

Source: Fox News World

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China’s Xi says Belt and Road must be green, sustainable

Chinese President Xi speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Chinese President Xi Jinping speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

By Brenda Goh and Yilei Sun

BEIJING (Reuters) – China’s Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in “high quality” growth for everyone.

Xi’s plan to rebuild the old Silk Road to connect China with Asia, Europe and beyond with huge spending on infrastructure, has become mired in controversy as some partner nations have bemoaned the high cost of projects.

China has repeatedly said it is not seeking to trap anyone with debt and only has good intentions, and has been looking to use this week’s summit in Beijing to recalibrate the policy and address those concerns.

Xi said in a keynote speech to the summit that environmental protection must underpin the scheme “to protect the common home we live in”.

“We must adhere to the concept of openness, greenness, and cleanliness,” he said.

“Operate in the sun and fight corruption together with zero tolerance,” Xi added.

“Building high-quality, sustainable, risk-resistant, reasonably priced, and inclusive infrastructure will help countries to fully utilize their resource endowments.”

Western governments have tended to view it as a means to spread Chinese influence abroad, saddling poor countries with unsustainable debt.

While most of the Belt and Road projects are continuing as planned, some have been caught up by changes in government in countries such as Malaysia and the Maldives.

Those that have been shelved for financial reasons include a power plant in Pakistan and an airport in Sierra Leone, and Beijing has in recent months had to rebuff critics by saying that not one country has been burdened with so-called “debt traps”.

Since 2017, the finance ministries of 28 countries have called on governments, financial institutions and companies from Belt and Road countries to work together to build a long-term, stable and sustainable financing system to manage risks, China’s finance ministry said in a report released on Thursday.

Debt sustainability has to be taken into account when mobilizing funds, the finance ministry said in the report, which outlined a framework for use in analyzing debt sustainability of low-income Belt and Road nations and managing debt risks.

The framework is based on the IMF/World Bank Debt Sustainability Framework for Low Income Countries while penciling in local conditions and development of partner nations, according to the report.

CHINESE PROMISES

The Belt and Road initiative will also open up development opportunities for China just as China itself is further opening up its markets to the world, Xi said.

“In accordance with the need for further opening up, (we’ll) improve laws and regulations, regulate government behavior at all levels in administrative licensing, market supervision and other areas, and clean up and abolish unreasonable regulations, subsidies and practices that impede fair competition and distort the market,” he said.

Xi promised to significantly shorten the negative list for foreign investments, and allow foreign companies to take a majority stake or set up wholly-owned companies in more sectors.

Tariffs will be lower and non-tariff barriers will be eliminated, Xi added.

China also aims to import more services and goods, and is willing to import competitive agricultural products and services to achieve trade balance.

“China will strengthen macroeconomic policy coordination with major economies in the world and strive to create positive spillover effects to promote a strong, sustainable, balanced and inclusive growth for the world economy,” said Xi.

VISITING LEADERS

Visiting leaders include Russia’s Vladimir Putin, as well as Prime Minister Imran Khan of Pakistan, a close China ally and among the biggest recipients of Belt and Road investment, and Prime Minister Giuseppe Conte of Italy, which recently became the first G7 country to sign on to the initiative.

The United States, which has not joined the Belt and Road, is expected to send only lower-level officials, and nobody from Washington, citing concerns over opaque financing practices, poor governance, and disregard for internationally accepted norms.

“The United States is not sending high level officials from Washington to the Belt and Road Forum,” a spokesman for the U.S. Embassy in Beijing said.

“We continue to have serious concerns that China’s infrastructure diplomacy activities ignore or weaken international standards and best practices related to development, labor protections, and environmental protection.”

(Reporting by Brenda Goh and Yilei Sun; Additional reporting by Tony Munroe, Stella Qiu, Ryan Woo, Cate Cadell and Tom Daly; Writing by Ben Blanchard; Editing by Simon Cameron-Moore)

Source: OANN

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Adidas announces partnership with singer Beyonce

FILE PHOTO: 50th NAACP Image Awards - Show - Los Angeles, California, U.S.
FILE PHOTO: 50th NAACP Image Awards - Show - Los Angeles, California, U.S., March 30, 2019 - Beyonce reacts after winning the entertainer of the year award. REUTERS/Mario Anzuoni

April 4, 2019

BERLIN (Reuters) – Adidas announced a partnership with singer Beyonce on Thursday that will include relaunching her Ivy Park athleisure brand, the latest deal between a sportswear firm and a top celebrity after rival Puma teamed up with Rihanna and Jay-Z.

Adidas, which also has a partnership with Kanye West, said it will work with Beyonce on creating both performance and lifestyle products, respecting her ownership of the Ivy Park brand she launched in 2016 together with Britain’s Top Shop.

After the rise of athleisure companies like Lululemon and a big drive by Nike into women’s products, Adidas has made a push in recent years to attract more female consumers.

It did not give financial details.

(Reporting by Emma Thomasson; editing by Thomas Seythal)

Source: OANN

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New Jersey Governor Wants to Tax Poor People’s Right to Self-Defense

According to a New York Times report, Governor Phil Murphy wants to significantly increase the tax on gun ownership in New Jersey.

New Jersey’s firearm ID currently costs $5, while a permit to own and carry a gun costs $2 and $20 respectively.

Governor Murphy, however, wants to raise those fees to $100 for the ID, $50 to own a firearm, and $400 just to carry a firearm.

And that’s not all.

Murphy wants to tax ammo by 10 percent and guns by 2.5 percent.

These proposals are included in the state budget which has to be passed on the deadline of June 30.

Like universal background checks, these new fees would disproportionately punish the poor and minorities.

John Lott has noted this in his book The War on Guns:

There are real costs of expanding background checks to private transfers. In particular, the fees on private transfers reduce gun ownership, particularly among law-abiding poor blacks who live in high crime urban areas and who benefit the most from protecting themselves; they will be the ones most likely priced out of owning guns for protection.

The New Jersey Governor asserts that he is not waging a “war on responsible gun owners.”

Instead, Murphy says that the funds raised from this gun tax would go towards “anti-violence” programs.

Murphy concluded, “We can support the efforts of the attorney general, state troopers, county and local law enforcement, to do the stuff we need to do: track crime, track gun violence, combat trafficking of illegal guns.”

Cody McLaughlin, the spokesman for the New Jersey Outdoor Alliance, pushed back, saying that “This is clear bullying of law-abiding gun owners in the state.”

McLaughlin added, “You’re talking about sportsmen that are already paying hundreds of dollars a year in license fees.”

Lisa Caso, owner of Caso’s Gun-A-Rama in Jersey City, stated that “It’s [gun tax} going to affect gun shops tremendously” and will “deter a lot of people from buying permits. In our business, you have people coming in who barely have money to buy the most modestly priced guns, which are around $300.”

In the meantime, Caso alleges that she has heard rumors about people scrambling to buy gun permits “ahead of the potentially higher fees.”

New Jersey is one of the most anti-gun states in America, with Guns & Ammo magazine ranking it in 50th place in 2018.

Since the Parkland shooting, New Jersey has embraced a wide array of gun control measures, which notably included a 3D printable gun ban.

Should these taxes pass, New Jersey will only cement its status as one of the least friendly states for gun owners in America.

Source: InfoWars

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

April 26, 2019

By James Davey

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

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

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

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

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

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

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

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

THE RIGHT STRATEGY?

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

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

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

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

Some analysts believe major change is needed.

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

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

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

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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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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