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Putin envoy in Caracas rejects US revival of Monroe Doctrine

As Venezuela's reliance on Russia grows amid the country's unfolding crisis, Vladimir Putin's point man in Caracas is pushing back on the U.S. revival of a doctrine used for generations to justify military interventions in the region.

In a rare interview, Russian Ambassador Vladimir Zaemskiy rejected an assertion this week by U.S. National Security Adviser John Bolton that the 1823 Monroe Doctrine is "alive and well."

The policy, originally aimed at opposing any European meddling in the hemisphere, was used to justify U.S. military interventions in countries including Cuba, Nicaragua, the Dominican Republic and Grenada, but had been left for dead by recent U.S. administrations trying to turn the page on a dark past.

"It's hard to believe that the U.S. administration have invented a time machine that not only allows them to turn back the clock but also the direction of the universe," the 66-year-old diplomat told The Associated Press this week.

In an example of how the Cold War-like rhetoric on all sides of Venezuela's crisis has quickly escalated, the ambassador compared hostile comments by Bolton, Secretary of State Mike Pompeo and Republican Sen. Marco Rubio to those of the al Qaeda leaders behind the Sept. 11, 2001, terrorist attacks.

"Their obsession in imposing their will, in this case on Venezuela's internal affairs, reminds me of the declarations of the leaders of al Qaeda, who in carrying out the attack on the Twin Towers also tried to position themselves as the only bearers of the truth," said Zaemskiy, who was senior counselor at Russia's mission to the United Nations on 9/11. "The history of humanity has shown that none of us are."

Those specific, written remarks were prepared ahead of the interview.

While the Trump administration led a chorus of some 50 nations that in January recognized opposition leader Juan Guaidó as Venezuela's rightful leader, Putin has steadfastly stood by Nicolás Maduro, sending planeloads of military personnel and blocking condemnation of his government at the U.N. Security Council.

In a speech this week commemorating the anniversary of the disastrous CIA-organized invasion of Cuba in 1961 by exiles opposed to Fidel Castro's revolution, Bolton warned Russia against deploying military assets to "prop up" Maduro, considering such actions a violation of the Monroe Doctrine.

What the U.S. considers Russia's destabilizing support for Maduro hit a high point in December when two Russian bombers capable of carrying nuclear weapons touched down in Caracas. Then, last month, dozens of uniformed personnel arrived to service Sukhoi fighter jets and an S-300 missile system.

Zaemskiy said such military cooperation is perfectly legal and has been taking place for years — ever since the U.S. in 2006 banned all arms sales to the South American country. But he said the alliance has taken on added importance as the Trump administration repeatedly insists that a "military option" to remove Maduro remains on the table.

He was unwilling to say how far Russia would go to thwart an eventual U.S. attack, saying that as a diplomat he's an optimist.

"I firmly believe that in the end reason will prevail and no tragedy will take place," he said.

The soft-spoken, bookish Zaemskiy has specialized in Latin America since his days working for the Soviet Union and was posted to Washington for the first of two U.S. tours when the Cold War ended.

Because of his strong Spanish and English, he was a note-taker at the U.N. in September 2000 when Maduro's mentor and predecessor Hugo Chavez met Putin for the first time. He said he recalls Chavez complaining to the newly elected Putin about the need to raise oil prices, then near three-decade low. The two petroleum powers gradually cemented a political, military and economic alliance over the next few years as oil prices surged to an all-time high, bringing riches to both.

The aquamarine-colored Russian Embassy, where Zaemskiy also lives, was a mid-century mansion purchased in the 1970s from a wealthy military colonel trained in the U.S. It lies in the shadow the hilltop U.S. Embassy, whose flagpole has been bare since the last American diplomats pulled out of the country last month amid a feud with Maduro over its recognition of Guaidó.

He acknowledged that with hyperinflation raging and many goods in short supply, Venezuela is in a "very difficult" situation. Echoing Maduro, he blamed U.S. sanctions, as well as the stifling of private investment.

His first tour in Venezuela as a protocol officer came from 1976 to 1979, when modern skyscrapers paid for by a flood of petrodollars transformed Caracas' skyline even as many outside the capital lived in what he described as a semi-feudal state. Zaemskiy said the legacy of Chavez's economic and political revolution — that it restored dignity to the poor — remains intact.

"It's perfectly clear to me that the economic situation of the country has deteriorated a great deal," he said. "The way forward is to open more opportunities for the private sector, which still has a big role to play in the country and should be allowed to demonstrate that" — seemingly a veiled criticism of Maduro's constant squeeze on private businesses.

To break the current stalemate, he urged something the government's foes have so far rejected: burying the past and starting negotiations, perhaps with the mediation of the Vatican or U.N.

The U.S. and opposition insist that past attempts at dialogue have only served to give Maduro badly needed political oxygen while producing no progress.

"The lack of confidence is a problem on both sides, which is why they should think together on some innovative ways to create reassurances in this process," he said. "To simply reject the possibility of dialogue and repeat that the only way forward is the 'end of usurpation' as the opposition says, won't lead anywhere."

Despite such outward care for Maduro, some have questioned the depth of Russia's support.

Russia is major investor in Venezuela's oil industry, but those interests have been jeopardized since the Trump administration in January imposed sanctions on state-run oil giant PDVSA and even went after a Moscow-based bank for facilitating its transactions. At the same time PDVSA last month moved its European headquarters to Moscow from Lisbon, Gazprombank said it was pulling out of a joint venture with the company, Russian state media reported.

"The core value of Russia's association with Chavismo is a challenge to U.S. prerogatives in its supposed backyard," said Ivan Briscoe, the head in Latin American for the Crisis Group, a Brussels-based think tank. "That said, Russian diplomacy is nothing if not realistic. They know Venezuela is plunging into an economic abyss with tragic humanitarian consequences. When the moment comes and tensions reach a height, they are likely to help negotiate a settlement, but will aim to exact the highest price they can."

___

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Source: Fox News World

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UK police prepare for any post-Brexit disorder, urge ‘temperate’ communication

Police officers stand guard outside Downing Street in London
FILE PHOTO - Police officers stand guard outside Downing Street in London, Britain, March 30, 2019. REUTERS/Alkis Konstantinidis

April 4, 2019

LONDON (Reuters) – British police have tested plans in recent months to have 10,000 officers respond within 24 hours to any disorder or increase in hate crime if Britain leaves the European Union with no deal.

In a statement, they also urged restraint in a political and public debate that has often been angry:

“There’s a responsibility on us all to think carefully and be temperate in how we communicate so we don’t inflame tensions,” said Martin Hewitt, head of the National Police Chiefs’ Council.

Chief Constable Charlie Hall added: “National and global events have the potential to trigger short-terms rises in hate crime and we saw this with the significant spike following the EU Referendum in 2016.”

Three years after Britons voted to quit the EU in a referendum, and with only a week left before a new, delayed exit date, government and parliament are still bitterly divided over how, when or even whether to leave.

An exit on April 12 without any transition deal to cushion the shock to trade, business or consumers remains a real possibility.

At the same time, there have been warnings from a number of Brexit supporters that failing to get Britain out of the EU could lead to civil unrest. Many lawmakers have received threats from extremists or are under police protection.

“At the moment, we have no intelligence to suggest there will be rises in crime or disorder,” said Hall, “but we are well prepared to respond to any issues that may arise.”

Part of that is a national mobilization plan that enables 10,000 officers to respond to emergencies within 24 hours.

Hall said the level of hate crime had abated since 2016, but was still higher than before the referendum.

(Writing by Elisabeth O’Leary; Editing by Kevin Liffey)

Source: OANN

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Fugitive arrested 16 years after killing Florida retirees in drunken-driving crash on Easter

A fugitive on the run since 2008 has been captured in Costa Rica 16 years after he drove drunk and killed a retired married couple on Easter in Miami.

Henry de la Hoz, 46, was turned over to U.S marshals and was set to begin serving a 12-year prison sentence in Florida.

In 2003, de la Hoz, then 30, had been drinking at a sports bar in Miami when he fell asleep at the wheel and drove into a car of churchgoers on their way to Easter mass, killing married couple Victor and Olga Lisabet and injuring others, the Miami Herald reported.

Olga and Victor Lisabet, left were killed by Henry de la Hoz, right, in a drunken-driving crash back in 2003. De la Hoz was captured in Costa Rica over 15 years later.

Olga and Victor Lisabet, left were killed by Henry de la Hoz, right, in a drunken-driving crash back in 2003. De la Hoz was captured in Costa Rica over 15 years later. (Miami Dade Jail)

TOURISTS, EASTER WORSHIPPERS LAMENT CLOSURE OF NOTRE DAME

It was a relief to the family who had been waiting nearly two decades for justice. The Lisabets' son had planned to break the news of his first child the day of the crash, and the couple would never get to hear they were grandparents.

“I didn’t lose hope,” Victor J. Lisabet, 63, the couple’s son, told the Miami Herald. “I was going to spend the rest of my life looking for him.”

A slow legal process caused five years to go by before de la Hoz eventually pleaded guilty in 2008. The judge gave him a week to get his life in order before he served his term, which gave him the time to flee the United States before his sentencing. The children of Olga and Victor Lisabet and others waited for de la Hoz in the courthouse to talk about the lives of their deceased parents, but he never showed up.

“We were waiting and waiting and waiting,” the former Miami Dade president of Mothers Against Drunk Drivers, Diane Holmes, told the Miami Herald. “It became very clear he was not going to show up. It was another crushing blow for the family.”

As years went by, the case stayed open because of prosecutor Suzanne Von Paulus, who kept in contact with detectives and federal marshals, as the Miami Herald reported. In March 2016, U.S Marshals discovered de la Hoz living in Costa Rica and teamed with Interpol to take him down.

They found he had created a whole new life in his eight years on the run.

DRUNKEN DRIVING SUSPECT SPRAYED BODY SPRAY IN MOUTH TO HIDE ALCOHOL SMELL, POLICE SAY

De la Hoz had a wife and 10-month old son, worked in construction and was a tattoo artist. He even started a foundation that helped children learn about martial arts.

He was arrested by Interpol in March, with U.S. Marshals picking him up after Costa Rica kicked him out of the country. He fought extradition but wasn't successful.

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“Henry would like to tell the family that he is sorry,” said his defense attorney, Sabrina Puglisi. “He knows his leaving was the wrong thing to do. He is here to serve his sentence.”

De la Hoz was booked in the Turner Guilford Knight Correctional Center in Miami Dade last Tuesday.

Source: Fox News National

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No new debts, says Germany’s Scholz, despite slowing economy

German Finance Minister Olaf Scholz attends a Reuters interview in Berlin
FILE PHOTO: German Finance Minister Olaf Scholz attends a Reuters interview in Berlin, Germany, April 10, 2019. REUTERS/Hannibal Hanschke

April 16, 2019

BERLIN (Reuters) – German Finance Minister Olaf Scholz, reaffirmed his opposition to Berlin taking on new debts, despite signs that the economy was slowing, telling German public television that “slower growth is still growth”.

In an interview with ZDF’s Heute Journal, due to be aired on Tuesday, Scholz also said that Germany’s tax revenues were also set to rise further, even if more slowly than many had expected.

“The labor market is at record highs, and it is forecast to grow further,” he said, according to extracts published by ZDF, meaning it was not the time “to abandon our insistence on creating no new debts.”

Widespread signs of a downturn this year have prompted many analysts to call an end to the decade-long boom in Europe’s economic powerhouse and fueled calls for Berlin to abandon its fiscal caution in favor of a stimulus program.

(Reporting by Thomas Escritt; Editing by Andrea Shalal)

Source: OANN

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‘Game of Thrones’ Night King taken into custody…by Norwegian police

The Night King’s reign of terror is reportedly over -- and that's not a Season 8 spoiler.

The “Game of Thrones” character was caught, cuffed and taken into custody last week by the Trondheim Police Department, who wanted to tap into the hype of the eighth and final season of the hit HBO show.

Trondheim Police in Norway "arrested" the Night King from HBO's "Game of Thornes" for a satirical post celebrating the hit show's final season.

Trondheim Police in Norway "arrested" the Night King from HBO's "Game of Thornes" for a satirical post celebrating the hit show's final season. (Trondheim Police/Facebook)

“The police have received many complains about a man from the northern region involved in criminal activity,” the department said in a satirical Facebook post on April 15 – the day after the show’s season premiere.

'GAME OF THRONES' FINAL SEASON LAS VEGAS ODDS REVEAL BIZARRE THEORIES ABOUT HBO HIT

“Complaints include animal cruelty and property damage (there have been reports of a wall being destroyed), as well as threats to lay vast areas of land desolate.”

The Night King from HBO's "Game of Throne" getting his mugshot taken after his "arrest" by the Trondheim Police in Norway.

The Night King from HBO's "Game of Throne" getting his mugshot taken after his "arrest" by the Trondheim Police in Norway. (Trondheim Police/Facebook)

The Night King’s transgressions were a nod to the character’s javelin takedown of a dragon in Season 7.

“Our night watch has now apprehended the man to deter any further criminal activity on his behalf,” the police said.

The Night King from HBO's "Game of Throne" getting his mugshot taken after his "arrest" by the Trondheim Police in Norway.

The Night King from HBO's "Game of Throne" getting his mugshot taken after his "arrest" by the Trondheim Police in Norway. (Trondheim Police/Facebook)

The Facebook post includes photos of the Night King – dressed in an orange prison jumpsuit – posing for a mugshot and then being led to a jail cell.

Trondheim police told SYFY Wire why the satirical post was also important.

The Night King from HBO's "Game of Thrones" in a solitary jail cell after his "arrested" by the Trondheim Police in Norway.

The Night King from HBO's "Game of Thrones" in a solitary jail cell after his "arrested" by the Trondheim Police in Norway. (Trondheim Police/Facebook)

“These kinds of posts generate a lot of attention and new followers for us,” the department said in a statement to the website. “That’s useful when we later ask for help i.e. solving crimes or [searching] for missing persons.”

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The department said the person behind the Night King mask was one of the younger officers, who'd been “handpicked for the job.”

“The response has been overwhelming and by far our most liked, commented and shared post,” the police added. “We are great fans. Valar Morghulis.”

Source: Fox News World

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Yazidi sex slaves set fire to their burqas after being freed from ISIS

As the last patch of the ISIS “caliphate” in Syria crumbles, thousands of civilians have been fleeing the final battle zone in recent weeks – among them, more than a dozen Yazidi women who have spent years in the torturous confines of sexual slavery.

“I wish I could bring (ISIS) and burn them like I burned my clothes,” one Yazidi survivor Israa, 20, said last week as she stripped off her mandated black burqa, joining several other Yazidi survivors in burning the black garb. “Now I’ve arrived and I’ve taken it off and burned it and finished with it, thank God.”

YAZIDIS SEEK RESCUE OF WOMEN AND CHILDREN ENSLAVED, MARRIED OFF TO ISIS

For those women, the escape from such oppressive rule is a bittersweet one – the road to recovery is long, and many of community remain at-large.

In the summer of 2014, soon after ISIS overran large swaths of Iraq and Syria, ISIS swarmed Iraq’s Sinjar Mountain – the ancestral home of the Yazidis, an ethnic minority hardline Islamists had long considered to be “devil worshippers.”

Thousands of girls and women were captured and sold off as sex slaves to ISIS fighters, disappearing into the dark pockets of ISIS territorial control. Furthermore, thousands of men were slain and dumped into mass graves now littering the Iraqi landscape. Boys were taken in and brainwashed into being ISIS fighters – often drugged, indoctrinated and used as human shields as battles intensified.

ISIS SEXUAL VIOLENCE VICTIMS: MINORITIES TARGETED MORE THAN DOCUMENTED, FACE HONOR KILLINGS IF RETURNED

The brutal campaign against the Yazidis was officially deemed a genocide by the U.S in 2016.

But late last year, as the U.S.-backed Syrian Democratic Forces continued to close in on the final ISIS stronghold, reducing their breadth to a few towns and villages dotted along the Euphrates River, a sense of hope surged that some 3,000 Yazidis unaccounted for would emerge.

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That hope, many community activists say, is fading as only a small number of Yazidis have come out from the final frontier.

Source: Fox News World

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Jewish Millennials Launch 'Jexodus' to Leave Dem Party

Jewish millennials who say they are tired of the Democratic Party's "blatant disregard for anti-Semitism" have launched a movement called "Jexodus" that encourages Jews to support Republicans, The Jewish Voice has reported.

While many Jexodus members have beliefs that are more aligned with Democrats, they say anti-Israel agendas and even anti-Semitism are becoming more prominent in the party.

For decades, Democrats has often taken Jewish support for granted, with the party winning at least the plurality of the Jewish vote in every presidential election since the State of Israel was founded more than 70 years ago, according to The Daily Wire.

But the Democratic Party has faced recent backlash following Rep. Ilhan Omar's, D-Minn., anti-Semitic comments, according to The Jewish Voice. Even though the party largely criticized her statements, it failed to push through a resolution in the House specifically condemning Omar's anti-Semitism, passing instead a watered-down version that focused on many types of bigotry, including anti-Muslim hatred.

In a press release at the annual Conservative Political Action Conference last Friday, the group said "We reject the hypocrisy, anti-Americanism, and anti-Semitism of the rising far-left. Progressives, Democrats, and far too many old-school Jewish organizations take our support for granted . . . We're done standing with supposed Jewish leaders and allegedly supportive Democrats who rationalize, mainstream, and promote our enemies."

Jexodus national spokeswoman Elizabeth Pipko told The Daily Wire that "We need to help encourage and support young Jews to feel safe and proud enough to feel unafraid to stand up for themselves and their beliefs."

Jexodus, a play on words relating to the Jewish people's exodus from Egyptian slavery, will begin holding rallies in April in New York and Florida around the time of Passover, the holiday which commemorates the biblical event.

Source: NewsMax Politics

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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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, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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