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Australia’s NAB to expand threshold for small business protections

The National Australia Bank Logo is seen on a branch in central Sydney
The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz

March 14, 2019

(Reuters) – National Australia Bank on Friday said it has decided to expand the threshold for small business protections, as the lender takes action with regards to recommendations of the Royal Commission inquiry.

NAB will extend its definition of small businesses to those with aggregate borrowings of less than A$5 million ($3.53 million), up from the previous agreed level of less than A$3 million, the lender said in a statement.

(Reporting by Shanima A in Bengaluru; Editing by Sandra Maler)

Source: OANN

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Air Force says it needs $4.9 billion in disaster relief

The Air Force says it will need nearly $5 billion over the next two years to rebuild a Florida base heavily damaged by Hurricane Michael last fall and repair a base in Nebraska struck by flooding this month.

The estimate was disclosed Wednesday by Air Force Secretary Heather Wilson.

The money would have to be approved by Congress. It would be for disaster relief at Tyndall Air Force Base in Florida and Offutt Air Force Base in Nebraska.

In a statement, Wilson said the Air Force "desperately" needs $1.2 billion in extra funds this year and $3.7 billion extra in the 2020 and 2021 budgets.

The Air Force said that without that money, it will make other cuts that risk undercutting Air Force readiness for combat operations.

Source: Fox News National

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Aquis Exchange revises no-deal Brexit share trading strategy

FILE PHOTO: The Canary Wharf financial district is seen at dusk in London
FILE PHOTO: The Canary Wharf financial district is seen at dusk in London, Britain, March 26, 2019. REUTERS/Marika Kochiashvili/File Photo

April 9, 2019

By Huw Jones

LONDON (Reuters) – Aquis Exchange has revised its no-deal Brexit strategy in an effort to steal a march on rivals in the face of curbs on where investors can buy and sell stocks.

The pan-European stock trading platform said on Tuesday that customers would be able to trade EU27 listed stocks in London as well as on its new Paris platform from Monday morning if the UK leaves the European Union without an exit deal. UK and Swiss shares would continue to be offered in London only.

Britain is due to leave the EU on Friday unless it secures a “standstill” transition agreement to avoid a disruptive departure. Prime Minister Theresa May will ask an EU summit on Wednesday for a delay until at least the end of June.

“Most volume in EU27 stocks would probably be done in London,” Aquis Chief Executive Alasdair Haynes said in a statement.

It originally planned to offer EU27 stocks in Paris only to avoid harming prices by splitting trading.

Larger rivals Cboe and London Stock Exchange’s Turquoise, which have new EU hubs in Amsterdam, have announced similar changes. Aquis says it was going a step further by offering EU27 shares in London immediately after a no-deal Brexit to stop national exchanges in the bloc taking the business.

Cboe and Turquoise have said they would seek to reintroduce EU27 shares in London later in the year.

The EU’s markets watchdog ruled last month that fund managers could only trade 6,200 shares in the bloc if Britain leaves without a deal. These are mostly EU27 listed stocks but also include 14 from Britain.

If Britain’s Financial Conduct Authority takes tit-for-tat action to require UK and many EU shares to be traded in Britain, it would give Aquis an early advantage over Turquoise and Cboe.

Such a retaliatory move was “highly likely”, Haynes said. The FCA has declined to comment on its plans.

Aquis will revert to its preferred plan of trading EU27 shares only in Paris when it is clear the FCA won’t introduce trading curbs, Haynes said.

“My understanding is that the UK government does not want to see EU27 business move from London to Europe and will do whatever it can, unless some form of equivalence or financial services deal is agreed, to allow business to remain in London,” he said. Trading in European government bonds and repurchase agreements on CME’s London unit has already moved to Amsterdam.

(Reporting by Huw Jones, editing by Mike Harrison)

Source: OANN

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Rep. Rashida Tlaib Links ‘White Supremacy’ Agenda Behind Mosque Killings to Support for Trump’s ‘Muslim Ban’

Rep. Rashida Tlaib (D-Mich.), speaking in the context of the killing of 50 Muslim worshippers in New Zealand, suggested Sunday that people in America who “stay silent” and those who “support the Muslim ban” are facilitating a “white supremacy” agenda.

On CNN’s “State of the Union,” Tlaib was asked about a comment she made Friday, after news of the mass killing at two mosques in Christchurch broke.

“You said in a statement after the attack that you were angry at, quote, those who follow the white supremacy agenda in my own country that sends a signal across the world that massacres like this are a call to action,” said host Jake Tapper. “Who are you specifically talking about?”

“The ones that stay silent and the ones that support the Muslim ban,” she replied, in reference to President Trump’s 2017 travel orders and proclamations.

“Not only once, but twice, three times, did we in this nation say to the world and to everyone in this country that Muslims don’t belong here. From the fact that every time we talk about a wall, it’s not about a structure, but about xenophobia. It’s about racism.”

Read more

Source: InfoWars

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Australian security adviser told writer not to fly to China

A security adviser to an Australian prime minister says he warned a Chinese-Australian writer not to travel to China before the blogger and critic of China's Communist Party was detained on arrival at a Chinese airport in January.

John Garnaut was commissioned in 2016 to write a report on Chinese influence on Australian politics, leading to laws in 2018 banning covert foreign political interference.

Garnaut told Australian Broadcasting Corp. in an interview broadcast on Monday that he advised writer Yang Hengjun not to travel to China after Yang revealed he had been questioned by a Chinese official in Sydney about Garnaut's investigation.

Yang did not take Garnaut's advice and flew to China, where he was detained on suspicion of engaging in criminal activities endangering China's national security.

Source: Fox News World

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US Wants to Build More Tents at Border to Detain Migrants

The Trump administration wants to open two new tent facilities to temporarily detain up to 1,000 parents and children near the southern border, as advocates sharply criticize the conditions inside the tents already used to hold migrants.

U.S. Customs and Border Protection said in a notice to potential contractors that it wants to house 500 people in each camp in El Paso, Texas, and in the South Texas city of Donna, which has a border crossing with Mexico.

Each facility would consist of one large tent that could be divided into sections by gender and between families and children traveling alone, according to the notice. Detainees would sleep on mats. There would also be laundry facilities, showers, and an "additional fenced-in area" for "outside exercise/recreation."

The notice says the facilities could open in the next two weeks and operate through year end, with a cost that could reach $37 million.

But the agency has said its resources are strained by the sharp rise in the numbers of parents and children crossing the border and requesting asylum. It made 53,000 apprehensions in March of parents and children traveling together, most of whom say they are fleeing violence and poverty in Central America. Many ultimately request asylum under U.S. and international law.

In a statement Tuesday, CBP said it urgently needed additional space for detention and processing.

"CBP is committed to finding solutions that address the current border security and humanitarian crisis at the southwest border in a way that safeguards those in our custody in a humane and dignified manner," the statement said.

The Border Patrol has started directly releasing parents and children instead of referring them to immigration authorities for potential long-term detention, but families still sometimes wait several days to be processed by the agency and released.

The Border Patrol processing center in McAllen is routinely over capacity . Kevin McAleenan, the new acting homeland security secretary, was scheduled to visit McAllen Tuesday and Wednesday.

In El Paso, hundreds of people are detained in tents set up at the center of a parking lot next to a patrol station. People detained there have complained of prolonged exposure to cold. The Border Patrol limits them to one warm layer of clothing, confiscates coats, and issues a Mylar blanket to each detainee, citing health and safety concerns.

U.S. Rep. Nanette Barragan, a California Democrat, visited the tents earlier this month. She said she had seen a mother with her 4-month-old child who had been there for five or more days, in conditions she said were "unhealthy."

Border Patrol officials have declined to allow the media inside the tents in El Paso.

Land near the bridge in Donna was used last year as a camp by active-duty soldiers when they were ordered to South Texas' Rio Grande Valley.

The Border Patrol also established a tent facility at Donna to hold migrants in December 2016, in the last weeks of the administration of former President Barack Obama, in response to a previous surge of migrants from Central America.

Sister Norma Pimentel, executive director of Catholic Charities of the Rio Grande Valley, said she had been allowed to visit the tent facility in 2016. She said that facility had been "open and clean," but noted she visited before it began detaining people.

"Detention is never a good idea for any family," Pimentel said. "I believe families are victims of a lot of abuse, and we just add to that abuse by the way we respond to handle and process them."

Source: NewsMax America

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Romney 'can’t understand' why Trump would bash McCain

Utah Republican Sen. Mitt Romney came to the defense of his late friend, Sen. John McCain, on Tuesday and criticized President Trump for what he called disparaging remarks.

Romney took to Twitter to write that he couldn’t “understand why” Trump would go after McCain “once again,” referencing a comment Trump made about not being “a fan” of the Arizona Republican after tweeting over the weekend about the “stains” on his career.

MCCAIN HAS SHARP RESPONSE TO TRUMP’S JOHN MCCAIN DOSSIER TWEET

“I can’t understand why the President would, once again, disparage a man as exemplary as my friend John McCain: heroic, courageous, patriotic, honorable, self-effacing, self-sacrificing, empathetic, and driven by duty to family, country, and God,” Romney’s tweet read.

McCain died last August after a battle with cancer.

Trump tweeted on Saturday about new reports involving McCain that said the senator and an associate had shared with the FBI and various media outlets the unverified dossier alleging that Moscow held compromising information on Trump.

“He had far worse ‘stains’ than this, including thumbs down on repeal and replace [of the Obama-era Affordable Care Act] after years of campaigning to repeal and replace!” Trump tweeted Saturday.

DONALD TRUMP’S FEUD WITH MCCAIN FAMILY ESCALATES: ‘I WAS NEVER A FAN’

McCain’s daughter, Meghan, fired back with a tweet of her own and continued the personal feud during an emotional segment on “The View” on Monday.

“He spends his weekend obsessing over great men because he knows it, I know it, and all of you know it, he will never be a great man,” she said.

ROMNEY, ANSWERING CRITICS, SAYS COUNTRY ‘IS AS DIVIDED AS EVER’ SINCE TRUMP PRESIDENCY

“My father was his kryptonite in life and he was kryptonite in death.”

Trump then told reporters on Tuesday that he was “never a fan” of McCain and that he “never will be.”

Trump and Romney have an ongoing feud of their own.

CLICK HERE TO GET THE FOX NEWS APP

Early this year, Romney wrote a scathing op-ed in The Washington Post in which he wrote that Trump “has not risen to the mantle of the office.”

He later said the country was as “divided as I've ever seen it.”

Fox News' Liam Quinn contributed to this report. 

Source: Fox News Politics

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A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

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Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

CLICK HERE TO GET THE FOX NEWS APP

Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

CLICK HERE TO GET THE FOX NEWS APP

It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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