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Take Five: World markets themes for the week ahead

The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 19, 2019. REUTERS/Staff

February 22, 2019

LONDON (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) MARCH ON

The March 1 deadline that ends a 90-day U.S.-China trade truce arrives soon and hopes are high that some kind of trade deal — reportedly being sketched out by the two sides — is reached by then.

If not, markets hope the deadline will be postponed. The alternative? A significant trade war escalation, with Washington slapping 25 percent tariffs on $200 billion worth of Chinese goods — more than double current levels.

But a trade deal may not be a panacea for China, whose economy grew in 2018 at its slowest in 28 years. Purchasing manufacturing surveys (PMIs) are likely to confirm that lackluster picture. Factory activity shrank more than expected in January, hit by trade spats but also by cooling domestic demand.

And as China — accounting for a fifth of global manufacturing — slows and the trade war disrupts supply chains, hiring and investment, the impact will be felt across Asia. There was a taste of that already: advance data from Japan showed manufacturing shrank this month for the first time since 2016. Others might follow.

-Japan Feb manufacturing shrinks for first time since 2016 amid trade war-flash PMI

-In sharp U-turn, monetary policy easing back in play across Asia

(Graphics of ‘Asia manufacturing activity’ – https://tmsnrt.rs/2TZtlLX)

2) FROM SHUTDOWN TO SLOWDOWN

After a forced one-month hiatus, we’ll finally get a read on how the United States economy fared last quarter. Federal Reserve Chairman Jerome Powell is also likely to give his take on the economic outlook and its monetary policy plans when he testifies in the House of Representatives and Senate on Feb 26. and 27.

The Commerce Department will then publish its first look at fourth-quarter gross domestic product on Thursday. Economic growth data was scheduled for Jan. 30 but delayed, along with a slew of other economic reports, by the 35-day partial government shutdown.

    December’s final third-quarter GDP report showed annual growth contracted to 3.4 percent from 4.2 percent in the April-June period. Signs of substantial slowing have dribbled in since then. The Q4 estimate is expected at 2.4 percent.

    In recent days delayed December retail sales data came in way below expectations and durable goods orders also disappointed. So did Markit’s February manufacturing flash PMI, which was unaffected by the shutdown. 

    On Friday, Commerce will release December personal income and consumer spending, which was supposed to land on Jan. 31, as well as personal income for January.

-U.S. Commerce Dept releases new dates for Q4 GDP, other reports

-U.S. third-quarter growth trimmed; business spending slowing

-Weakest U.S. retail sales since 2009 cast pall over economy

(Graphics of ‘Waiting for U.S. Q4 GDP’ – https://tmsnrt.rs/2Eo2Wlx)

3) THE PRICE OF MONEY

More stimulus from the European Central Bank — probably in the form of a cheap bank loan program — feels almost like a done deal. That such loans are on policymakers’ minds is evident in the minutes from the last ECB meeting, policymaker comments and on bond markets.

An advance peek into February’s PMI surveys indicates factories across the bloc shunted into reverse for the first time in six years. The question for the ECB before its March 7 meeting is: will “flash” inflation numbers due Thursday and Friday reinforce the picture of a sluggish economy and below-target inflation.

The ECB targets price growth of around 2 percent. But a long-term market gauge of euro zone inflation is languishing well below that, below 1.43 percent — a 2-1/2-year low. Last February it was approaching the 2 percent-mark.

The last print showed euro zone inflation slowed to 1.4 percent in January. Core inflation did show signs of picking up, however, as services costs rose, possibly fed by wage growth. The other upcoming data print of interest is consumer confidence — this did rise last month, helped by the low inflation and higher wage combination.

– Shrinking euro zone factories drag bloc’s economy to near-halt

– Moderate inflation, upbeat shoppers bode well for German consumption

– Time to TLTRO? Markets home in on details of ECB’s potential new booster

(Graphics of ‘Euro zone market inflation expectations fall’ – https://tmsnrt.rs/2U334fB)

4) BREXIT HOUSE IN ORDER?

Britain’s parliament and Prime Minister Theresa May are squaring up for another battle as they try to agree a Brexit divorce deal before time runs out — a “meaningful vote” on the agreement could come as early as Feb 27.

If May cannot bring a deal back soon, she has promised to make a statement to parliament on her progress on Feb. 26, and then to allow lawmakers to debate the issue on Feb. 27.

Any sort of defeat for May — who many argue really has nothing very new to present to parliament — will raise risks of a no-deal Brexit, dealing a blow to the pound and hurting vulnerable sectors, such as housing.

Just how much damage has been done to the real estate market already will be evident when housebuilders Taylor Wimpey and Persimmon report earnings. These companies were top targets for short sellers positioning for share price falls. Those bets have been scaled back but a messy Brexit that causes prospective buyers to delay purchases will be bad news for them and the estate agents trying to flog property.

Agent Rightmove, reporting on Friday, will seek to quell fears over the market, especially after rival Purplebricks shed nearly a quarter of its market value following its results.

-Investors grab Brexit bargains among UK housebuilders

-Order! Order! Pound traders brush up on parliament as Brexit stakes mount

-Britain’s next Brexit flashpoint: What happens in parliament on Feb. 26-27?

(Graphics of ‘UK Housebuilders price to book value Feb 22’ – https://tmsnrt.rs/2V6vJ3A)

5) TIME TO VOTE (AGAIN)!

After a week’s delay, Nigerians are headed to the polls on Saturday to pick a new president after a shock last-minute one-week delay to the vote. The stakes are high in a race pitching incumbent Muhammadu Buhari against his closest rival Atiku Abubakar, a business man and ex-vice president.

Africa’s top oil producer has suffered from violence surrounding its elections in the past, leaving the population in turmoil and rattling its financial markets. Last week’s surprise delay to the vote sent Nigeria’s stocks slumping and put pressure on its bonds and currency.

Elsewhere in the region, voters in Senegal on Sunday will have their say at the ballot box with President Macky Sall the strong favorite to win.

It’s a busy year on the political front across emerging markets more widely. Presidential elections are scheduled in Ukraine on March 31 and South Africa on May 8. Voters in Poland, Argentina, India and Indonesia, the Philippines and Thailand also head to the polls this year. In Turkey, local elections are due on March 31.

-Nigeria’s Buhari, Atiku make final pitches for support before delayed vote

-EXPLAINER-The race for Nigeria’s presidency in 2019

-PREVIEW-Senegal’s modernizing president leads field in upcoming election

-Interactive graphic on Nigeria’s presidential election https://tmsnrt.rs/2E6qkDO

(Graphics of ‘Nigeria Elections’ – https://tmsnrt.rs/2VaNHC3)

(Reporting by Sujata Rao, Alden Bentley, Helen Reid, Dhara Ranasinghe and Karin Strohecker; Compiled by Tommy Reggiori Wilkes; Editing by Toby Chopra)

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In Mozambique, parents yearn for children torn away by cyclone

Virginia Bernardo sits with two of her four children at a camp for people displaced in the aftermath of Cyclone Idai in Beira
Virginia Samuel sits with two of her four children at a camp for people displaced in the aftermath of Cyclone Idai in Beira, Mozambique, March 26, 2019. REUTERS/Mike Hutchings

March 29, 2019

By Emma Rumney

BEIRA, Mozambique (Reuters) – It has been more than a week since Virginia Samuel last saw two of her children.

Her family was marooned for four days in the stands of a basketball stadium after Cyclone Idai brought floods along the Buzi River in central Mozambique, where she lived.

A helicopter hoisted Samuel to safety with her two youngest boys, aged 5 and 6. But there was no room for her 12-year-old son and nine-year-old daughter.

She is haunted by the memory of them screaming for her as the helicopter flew away, leaving them behind with their grandmother.

“I have to pray to God, so I can see my mother and my children again,” she said, wiping tears with her patterned skirt at a camp for displaced people in the nearby port city of Beira.

Hers is a common plight in this part of Mozambique, where families were ripped apart in the chaos of the cyclone and floods across an area roughly the size of Luxembourg.

As many as 4,900 children may have been separated from their families, according to preliminary figures compiled by a group of United Nations and other humanitarian agencies.

Other survivors lost touch with husbands, wives and siblings. No one knows how many people remain unaccounted for two weeks after the storm hit on March 14.

From Mozambique, the cyclone ripped through neighboring Zimbabwe and Malawi, flattening homes and causing deadly mudslides. At least 738 people were killed in the storm and heavy rains before it hit.

DESPERATE SEARCH

Entire villages were submerged, roads cut off and communications knocked out, complicating the search for missing loved ones.

While the floodwaters are now receding, tens of thousands of people remain in camps far from home, unable to contact those left behind.

Samuel, 25, made repeated trips to the beach-side community of Praia Nova, where boats were arriving daily with people fleeing the Buzi district, hoping for news of her children. But noone had seen them.

Even her sister, who reached Beira soon after Samuel, could not tell her where they were. The sister thought the children were with their mother, she said, sitting outside a school building, a son’s head resting in her lap.

Mozambique’s government, with help from the International Committee of the Red Cross (ICRC), has started deploying staff to dozens of makeshift camps to register the displaced and compile a list of the missing.

Unaccompanied children are referred to social services, who will place them in an orphanage and try to trace parents, said Jean Benoit Manhes, team leader for U.N. children’s agency UNICEF in Beira.

There is also a website, in English and Portuguese, where people in the three countries affected by the storm can report they are alive or someone is missing.

About 70 families have been reunited this way already, according to ICRC. But most people in the disaster zones do not have internet access, and the site has only 300 or so registered users, said Diana Araujo, who is leading ICRC’s reunification efforts in Mozambique.

The organization also has places in Beira where people can report a missing relative in person, a strategy it plans to deploy in other areas as they become more accessible.

Its site in Samuel’s camp near the airport consisted of little more than three plastic chairs, with a crumpled white tent lying on the floor, when Reuters visited on Tuesday. But people would soon be able to submit names there and charge their cell phones using solar-powered batteries, Araujo said.

“A LOT OF PEOPLE SUFFERED”

Tales of heartbreak abounded among the rows of tents set up on the grounds of a damaged school. Although there are no official figures yet, Araujo said there were many people who had lost touch with relatives at this camp alone.

Maria Bernardo, 25, said her only wish was to hug her husband again. The boat that rescued her from Buzi was charging 20 metical ($0.32) per person, more than the whole family could afford, she said.

She left with their three daughters, but her husband stayed behind. Her voice was hoarse when she described him.

“He’s short and fat … he’s a good person,” she said, recalling him with a laugh.

Janeiro Gabriel, 33, also from Buzi, was caught at a fish market when streets started to fill with water some 36 hours after the storm hit. He never made it home to his wife and three children, and has had no word from them since.

“I know that a lot of people suffered in Buzi,” he said. “But I don’t know how much my family suffered.”

He wants the government to help him get home to search for them. But officials in Mozambique, one of the world’s poorest countries, are overwhelmed with the task of getting food, water and shelter to hundreds of thousands in need.

Some areas were still not reached 10 days after the storm.

“The priority was urgent things,” Mozambique’s Environment Minister Celso Correia, who is overseeing the government’s response to the disaster, told Reuters when asked about separated families.

“Now we can start on the rest.”

(Additional reporting by Stephen Eisenhammer in Beira; Editing by Alexandra Zavis and Andrew Cawthorne)

Source: OANN

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Howard Schultz’s sole purpose is to get Trump re-elected: Juan Williams

The Five” co-host Juan Williams called possible presidential candidate and former Starbucks CEO Howard Schultz “irrelevant” Tuesday, saying that the “only purpose” he serves” is to get President Trump re-elected.

“Howard Schultz, goodness gracious, he is so irrelevant to this whole conversation except when it serves your purpose, because guess what? He's not even running as a Democrat,” Williams said.

“Independent,” co-host Jesse Watters interjected.

HOWARD SCHULTZ CONCERNED BY BIDEN ACCUSATIONS AND TIMING

“Howard Schultz, the only purpose he serves right now is to get Trump re-elected, you know,  to try to divide up support for Democrats,” Williams added. He called Schultz “Kryptonite for Democrats.”

Williams and “The Five” discussed the Democratic presidential candidates and a party shift toward the left, reacting to Schultz criticizing the Democratic field for “crying” about capitalism.

“All these politicians who are crying about capitalism. Have they ever made a payroll? Have they ever worked in a business? What have they done other than criticize the system?” Schultz said on "Fox Business Monday."

SCHULTZ: FEDERAL DEBT OUT OF CONTROL

Source: Fox News Politics

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Doctor convicted in ‘ski rage’ attack on boy

A doctor accused of attacking a 12-year-old boy in a "ski rage" incident at a northern New Jersey resort has been convicted of child endangerment and other counts.

But a Sussex County jury also acquitted Samuel Caruthers of aggravated assault and a weapons charge.

The 47-year-old Caruthers could face up to seven years in prison when he's sentenced next month. But the doctor's lawyer says they will appeal the "contradictory" jury verdict.

Authorities have said Caruthers punched the boy and stabbed him with a ski pole in February 2016. That came after the youth fell into Caruthers and his then-10-year-old son while snowboarding on the bunny slope at the Mountain Creek resort in Vernon.

The youth suffered minor injuries in the attack. He said the collision was an accident.

Source: Fox News National

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Chinese student uses handwriting robot to complete homework faster

Is she a cheater or a genius?

A Chinese student sparked debate earlier this week after her mother discovered the teenage girl bought a robot and trained it to imitate her handwriting so she can finish her homework.

The teen spent 800 yuan, about $120, on the robot that mimicked her handwriting, Qianjiang Evening News reported. She then used the robot to copy Chinese phrases dozens of times for an assignment that required students to repeatedly write Chinese characters to help them learn how to read and write.

She finished her Chinese writing assignment in two days. Her mother, sensing something was off, discovered the robot in her daughter’s room and reportedly smashed the machine.

KIM JONG UN MAY TRAVEL MORE THAN 2,500 MILES TO VIETNAM VIA HIS SIGNATURE TRAIN FOR TRUMP SUMMIT

The mother then took to the popular social media platform Weibo to complain about her daughter’s tactics. She was quoted writing in her post: “It can help you with homework, but can it help you on tests?”

Several users, however, applauded the teen’s creative idea to quickly finish her assignments that was given during the Lunar New Year break.

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“Give her a break. How meaningful is copying anyway?” one commenter asked, the New York Times reported.

Another person said: “The difference between humans and other animals is that they know how to make and use tools. This young lady already knows how to do this.”

Source: Fox News World

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Ten Kosovo women under house arrest after returning from Syria

Ten Kosovo women under house arrest after returning from Syria
Women repatriated to Kosovo from Syria enter the Basic Court in Pristina, Kosovo, April 23, 2019. REUTERS/Laura Hasani

April 23, 2019

By Fatos Bytyci

PRISTINA (Reuters) – Ten women repatriated to Kosovo from Syria at the weekend have been placed under house arrest on charges of participating in terrorist groups, a court said on Tuesday.

They were among a group of 110 Kosovo citizens brought back on Saturday from Syria, including 32 women, 74 children and four jihadists who had gone to fight in the country’s civil war.

The four fighters were immediately arrested and detained for one month awaiting questioning.

The women and children were sent to the Foreign Detention Centre in the outskirts of Pristina but were freed to go home after 72 hours.

Ten women were seen entering Pristina Basic Court in a police escort on Tuesday. The court said in a statement later that they had been placed under house arrest on charges of joining foreign armed groups and terrorist groups in Syria and Iraq from 2014 to 2019.

The state prosecution said all 32 repatriated women are under investigation and more of them are expected to appear in front of judges on Wednesday.

The prosecution has yet to file indictments.

After the collapse of Islamic State’s self-declared caliphate in Syria and Iraq, countries around the world are wrestling with how to handle militants and their families seeking to return to their home countries.

Kosovo’s population is nominally 90 percent Muslim, but the country is largely secular in outlook. More than 300 of its citizens travelled to Syria since 2012 and 70 men who fought alongside militant groups were killed.

Police said 30 Kosovan fighters, 49 women and eight children remain in the conflict zones. The government said it plans to bring back those who are still there.

International and local security agencies have previously warned of the risk posed by returning fighters. In 2015, Kosovo adopted a law making fighting in foreign conflicts punishable by up to 15 years in prison.

(Reporting by Fatos Bytyci; Editing by Frances Kerry)

Source: OANN

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Cannabis constituency? Israeli election rivals warm to pot

FILE PHOTO: An employee tends to a medical cannabis plants at Pharmocann, an Israeli medical cannabis company in northern Israel
FILE PHOTO: An employee tends to a medical cannabis plants at Pharmocann, an Israeli medical cannabis company in northern Israel January 24, 2019. REUTERS/Amir Cohen/File Photo

March 12, 2019

By Dan Williams

JERUSALEM (Reuters) – Marijuana has becoming an election issue in Israel now that an upstart far-right party that favors legalizing the drug seems to be drawing voters away from conservative Prime Minister Benjamin Netanyahu.

Opinion polls originally showed the party, Zehut, would fail to win even a single seat in parliament in the April 9 ballot. But its ultranationalist leader’s focus on decriminalizing cannabis has resonated with voters.

Polls this week predicted Zehut would take at least four seats in the 120-member legislature, giving it a possible linchpin role in the formation of a future coalition government.

A cartoon in one Israeli newspaper depicted Zehut’s leader, Moshe Feiglin, holding a lit joint, with a Pied Piper-like trail of liberal voters rapt at their new, unexpected champion.

Usually focused in his campaign on national security challenges, Netanyahu said he is pondering the issue.

Asked on a TV channel run by his right-wing Likud party about decriminalization, Netanyahu said: “I am now looking into the question that you raised. I will give you an answer soon.”

In the meantime, he said, Israel has increased the use of medical cannabis “to one of the highest levels in the world”.

Medicinal use is allowed with a doctor’s permission.

But as a country with large, religious Jewish and Muslim communities, Israel had long frowned on drug use of any kind. Admission of pot-smoking could once disqualify a young Israeli from mandatory military service or a civil servant from office.

Recreational use remains illegal, if not frequently enforced. People face a potential 3 years’ jail for possessing an amount for personal use – up to 15 grams. Trafficking-level possession carries a maximum 20-year jail term.

On Tuesday, Israel’s police said they had arrested 42 people suspected of using TeleGrass, an encrypted messaging service for selling drugs that enabled Israelis to use an app on their smartphone to order marijuana delivered to their door.

Likud and its strongest challenger, the centrist Blue and White party, which has not taken a position on marijuana legalization, are locked in a closely contested race.

Joining the debate, Avi Gabbay, head of the center-left Labour party, said on Army Radio that he himself had smoked pot and it was time to “get out and join real life” in keeping up with Western leniency on its recreational use.

Israel’s parliament in December approved the export of medical cannabis, a field that the finance and health ministries estimate could reap $265 million in taxes a year. There are eight cannabis cultivation companies in Israel.

Shares of medical cannabis firm Tefen jumped 13 percent, while other cannabis producers were 2.6 percent to 7 percent higher on the Tel Aviv Stock Exchange after Netanyahu’s remarks.

(Additional reporting by Steven Scheer; Editing by Jeffrey Heller and Alison Williams)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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Cyprus police on Friday widened their search for more victims of a suspected serial killer after the 35-year-old national guard captain told investigators he killed four more people that he previously admitted to on the small Mediterranean nation.

The count now has climbed to seven.

CYPRUS FEARS POSSIBLE SERIAL KILLER AFTER BODIES OF TWO WOMEN ARE DISCOVERED IN MINESHAFT

Authorities said they are focusing on a military firing range, a man-made lake and an abandoned mine about 20 miles west of the capital Nicosia.

Cypriot President Nicos Anastasiades expressed “deep sorrow and concern” at the slayings and said he shared the public’s revulsion at “murders that appear to have selectively targeted foreign women who are in our country to work.”

“Such instincts are contrary to our culture’s traditions and values,” he said in a statement from China, where he was on an official visit. He urged calm so police can complete their investigation.

The scale of the alleged crimes by a Cypriot National Guard captain has horrified the small nation of over a million people, where multiple killings are rare. Five British law enforcement officials — including a coroner, a psychiatrist and investigators who specialize in multiple homicides — have been dispatched to help with the investigation.

On Thursday, the 35-year-old suspect, who can’t yet be named because he hasn’t been formally charged, told investigators that he had killed four more people than he had previously admitted to. Police said the suspect will appear in court Saturday for another custody hearing.

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims. 

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week’s discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims.  (AP)

The victims — all foreigners— include Marry Rose Tiburcio, 38, from the Philippines, whose bound body was found April 14 in a flooded mineshaft. She and her six-year-old daughter had been missing since May of last year.

The girl remains missing and authorities believe she was also slain by the suspect. Divers have entered the reservoir to search for her but have not found her body yet.

CYPRUS: GROUND NOT YET READY FOR PEACE TALKS RESUMPTION 

Authorities tracked down the officer last week by scouring Tiburcio’s online messages.

Six days later, police discovered another body April 20 in the same mineshaft, identified by Cypriot media as 28-year-old Arian Palanas Lozano, also from the Philippines.

A third alleged victim, also of Filipino descent, is 31-year-old Maricar Valtez Arquiola, who had been missing since December 2017. The suspect initially denied killing Arquiola but reversed himself after a court hearing Thursday, a police official said.

The suspect on Thursday also pointed investigators to a military firing range, where they discovered another unidentified body, which according to the suspect belongs to a woman of either Nepalese or Indian descent.

SERIAL KILLER WHO MAY HAVE COMMITTED 90 MURDERS IS LINKED TO YET ANOTHER KILLING 

Cypriot police are also looking for a Romanian mother and daughter. Cypriot media identified them as Livia Florentina Bunea, 36, and eight-year-old Elena Natalia Bunea, who are believed to have been missing since September 2016.

The man-made lake remains off-limits to a manned search because of high levels of toxic heavy metals from the copper pyrite mine, Fire Service Chief Marcos Trangolas said, adding that authorities will use other means to scour the lake.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

Cyprus police have faced criticism from immigrant activists who said they didn’t act fast enough to investigate the whereabouts of some of the victims, many of them domestic workers. The island nation has 80 unsolved missing persons cases, going back to 1990.

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Police chief Zacharias Chrysostomou said a three-member panel has been assigned to probe whether police followed all the correct protocol in recent missing persons cases.

According to the state-run Cyprus News Agency, an investigator had told the court at an earlier hearing that the suspect admitted to killing one woman he met online after having sex with her.

The Associated Press contributed to this report. 

Source: Fox News World

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Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas
Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas, Venezuela June 12, 2018 in this still image taken from a video. REUTERS TV/ via REUTERS

April 26, 2019

CARACAS (Reuters) – Venezuela’s opposition-run National Assembly said on Friday that opposition lawmaker Gilber Caro was detained, which it described in a Twitter post as a violation of diplomatic immunity.

Caro had previously spend a year and a half in jail, before being freed in June 2018. The arrest comes as Juan Guaido, the National Assembly’s leader, mounts a challenge to President Nicolas Maduro, arguing his 2018 re-election was illegitimate. Guaido in January invoked the country’s constitution to assume an interim presidency.

(Reporting by Caracas newsroom; Editing by Chizu Nomiyama)

Source: OANN

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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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Arizona Gov. Doug Ducey rejected demands from a secular group to remove posts on social media where he sent Easter greetings and cited a Bible verse, offering to provide copies of the Constitution to his critics.

Ducey, who’s a practicing Catholic, has been bombarded with calls from Secular Communities for Arizona to remove the post, which included a cross, a Bible verse, and the phrase, “He is risen.”

ARIZONA’S GOP GOVERNOR WAGING WAR AGAINST OCCUPATIONAL LICENSING LAWS

The group argued the posts crossed a line into government sponsorship of religious messages and was unconstitutional.

The governor fired back at the group, saying in a tweet that he will never remove the posts or other religious ones.

“We won’t be removing this post. Ever. Nor will we be removing our posts for Christmas, Hanukkah, Rosh Hashanah, Palm Sunday, Passover or any other religious holiday,” he tweeted. “We support the First Amendment, and are happy to provide copies of the Constitution to anyone who hasn’t read it.”

Dianne Post, an attorney for the secular group, told the Arizona Republic “elected officials should not use their government position and government property to promote their religious views.”

LICENSE REQUIRED TO REPAIR DOORS? REGS SPARK HEATED DEBATE IN ARIZONA

She added the courts have repeatedly “struck down symbolism that unites government with religion,” adding that Ducey’s office must “represent and protect the rights of all residents of Arizona, including those who do not believe in a monotheistic God or any gods at all.”

Many congratulated Ducey for not backing down amid the pressure, though some Facebook users sided with the secular group and criticized the governor on his original post.

“Why do you use a government platform to bring up your personal religion?” asked one person. “Are there no citizens in your jurisdiction that believe differently from you?”

Another stipulated that the post was somewhat discriminatory. “Great sensitivity, Doug. That’s the last time this Jew votes for you,” one person wrote.

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Ducey wished in a statement Arizonans last week a “blessed and joyful Easter and Passover weekend.”

The Associated Press contributed to this report.

Source: Fox News Politics

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