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South Korean arsonist fatally stabs neighbors fleeing fire: cops

A South Korean man set his apartment on fire Wednesday and fatally stabbed five of his neighbors,-- including a 12-year-old girl-- as they fled the building, authorities said.

The unidentified 42-year-old suspect also injured 13 people, the BBC reported. Their conditions were not immediately known. The suspect's alleged rampage stemmed from a grievance about overdue wages.

He was detained by police at the scene.

The man set his apartment on fire in the southeastern city of Jinji around 4:30 a.m., police said. He then allegedly ambushed fleeing neighbors in the building stairway and stabbed them, the BBC reported. Officers confronted him in a hallway and fired blank and live ammunition before subduing him with a taser, the South Korea Times reported.

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The Ministry of Employment and Labor said the man never filed a complaint with local labor authorities about unpaid wages. Police told the Times he had at least five run-ins with his neighbors prior to the alleged killings.

Source: Fox News World

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Stock futures extend losses after durable goods data

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid

February 21, 2019

(Reuters) – U.S. stock index futures added to losses on Thursday, after new orders for key U.S.-made capital goods unexpectedly fell in the month of December, pointing to a further slowdown in business spending on equipment that could crimp economic growth.

Another report showed the number of Americans filing applications for unemployment benefits fell last week, but the four-week moving average rose to a more than one-year high, suggesting the labor market was slowing down.

At 8:30 a.m. ET, Dow e-minis were down 61 points, or 0.23 percent. S&P 500 e-minis were down 7.5 points, or 0.27 percent and Nasdaq 100 e-minis were down 18.25 points, or 0.26 percent.

Moments before the reports, Dow e-minis were down 33 points, or 0.13 percent. S&P 500 e-minis were down 4.25 points, or 0.15 percent and Nasdaq 100 e-minis were down 7 points, or 0.1 percent.

(Reporting by Shreyashi Sanyal in Bengaluru)

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Emirates NBD saves $400M on Turkish bank after lira slide

Dubai's Emirates NBD bank has revised its acquisition price of Turkey's Denizbank following a slide in the Turkish lira, saying it has now agreed to pay 15.48 billion lira ($2.8 billion).

The new price reflects a $400 million savings based on the price of the lira at the original time of the agreement 10 months ago.

Emirates NBD issued a statement Wednesday with the revised terms, which reflect the sharp depreciation of the Turkish lira over the past year.

Emirates NBD first announced in May it had agreed to acquire 99.85% of the shares of Denizbank from Russia's Sberbank. The transaction is subject to regulatory approvals and is expected to be completed by July.

Local media reported that Emirates NBD shares soared to their highest level in 10 years Wednesday.

Source: Fox News World

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Algeria’s Bouteflika will resign before his mandate ends on April 28 -APS

FILE PHOTO: Algeria's President Abdelaziz Bouteflika gestures during a graduation ceremony of the 40th class of the trainee army officers at a Military Academy in Cherchell
FILE PHOTO: Algeria's President Abdelaziz Bouteflika gestures while talking with Army Chief of Staff General Ahmed Gaed Salah during a graduation ceremony of the 40th class of the trainee army officers at a Military Academy in Cherchell 90 km west of Algiers, Algeria June 27, 2012. REUTERS/Ramzi Boudina/File Photo

April 1, 2019

DUBAI (Reuters) – Algeria’s President Abdelaziz Bouteflika who has faced mass protests and pressure from the army demanding he end his 20-year rule, will resign before his mandate ends on April 28, state news agency APS said on Monday.

APS said Bouteflika, who is 82 and in poor health, will take important decisions to ensure “continuity of the state’s institutions” before resigning.

(Reporting By Aziz El Yaakoubi; Editing by Catherine Evans)

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Booker says Democrats will put ‘a woman on the ticket’ in 2020 White House race

Democratic 2020 U.S. presidential candidate and U.S. Senator Cory Booker (D-NJ) gives the keynote speech at Brown Chapel AME Church in Selma
Democratic 2020 U.S. presidential candidate and U.S. Senator Cory Booker (D-NJ) gives the keynote speech at Brown Chapel AME Church in Selma, Alabama, U.S. March 3, 2019. REUTERS/Chris Aluka Berry

March 15, 2019

By Joseph Ax

LEBANON, N.H. (Reuters) – Democratic U.S. Senator Cory Booker all but guaranteed at a campaign event on Friday that he will pick a woman as his running mate if he wins his party’s nomination for president next year.

“I am very confident that this election, we will make history, because no matter what – I’m looking you in the eye when I say this – there will be a woman on the ticket,” he told a voter at a pub in Lebanon, New Hampshire, after she noted there has never been a female U.S. president or vice president.

“I don’t know if it’s the vice president’s position or the president’s position,” he continued. “If I have my way, there will be a woman on the ticket.”

The crowded Democratic field includes several prominent women, including four sitting U.S. senators: Kamala Harris of California, Elizabeth Warren of Massachusetts, Amy Klobuchar of Minnesota and Kirsten Gillibrand of New York.

When asked after the event whether he was promising his vice presidential candidate would be a woman, the New Jersey senator said, “Should I be a nominee, you can be sure that I’ll look to have gender diversity on my ticket.”

In 1984, Walter Mondale chose New York Representative Geraldine Ferraro as the first woman vice presidential candidate on a major party ticket.

Booker emphasized that he campaigned for Hillary Clinton in 2016, when she lost the presidency to Republican Donald Trump, and noted most of his senior staff positions, including his chief of staff and legislative director, are occupied by women.

Booker’s remarks on Friday appeared to go further than his comments last month, when he told MSNBC he would “be looking to women first” but said he did not want to “box himself in” so early in the election cycle.

Women voters and candidates helped power the Democratic wave that recaptured the U.S. House of Representatives in last fall’s elections, fueled in part by anger over Trump’s 2016 election despite multiple sexual misconduct allegations, which he denies.

If elected in November 2020, Booker would be the second black man to serve as president, after Barack Obama.

After the event, Booker also confirmed for the first time his relationship with actress Rosario Dawson, a day after Dawson told TMZ that their rumored romance was the real deal.

“I am dating Rosario Dawson, and I’m very happy about it,” said Booker.

(Reporting by Joseph Ax; Editing by Colleen Jenkins and Dan Grebler)

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NBA roundup: Nuggets, Raptors even series

NBA: Playoffs-San Antonio Spurs at Denver Nuggets
Apr 16, 2019; Denver, CO, USA; Denver Nuggets head coach Michael Malone reacts with guard Jamal Murray (27) in the fourth quarter against the San Antonio Spurs in game two of the first round of the 2019 NBA Playoffs at the Pepsi Center. Mandatory Credit: Isaiah J. Downing-USA TODAY Sports

April 17, 2019

Jamal Murray scored 21 of his 24 points in the fourth quarter, and the host Denver Nuggets rallied from down 19 to beat the San Antonio Spurs 114-105 in Game 2 of their Western Conference first-round playoff series on Tuesday night.

Nikola Jokic had 21 points, 13 rebounds and eight assists, Gary Harris scored 23 points, and Paul Millsap had 20 points for Denver. The Nuggets tied the series 1-1 and ended San Antonio’s seven-game playoff winning streak in Denver.

DeMar DeRozan scored 31 points and LaMarcus Aldridge had 24 points for the Spurs.

Murray, who missed his first eight shots, hit five consecutive shots in the fourth quarter, including two straight and a pair of free throws that gave Denver a 99-97 lead, its first advantage since 17-16. The Nuggets were ahead by three before Murray drained two 3-pointers to make it 110-101.

Raptors 111, Magic 82

Kawhi Leonard scored 37 points on 15-for-22 shooting from the field, and Toronto defeated visiting Orlando to even its first-round Eastern Conference playoff series at one game apiece.

Pascal Siakam added 19 points and 10 rebounds for the Raptors, who never trailed. Kyle Lowry contributed 22 points and seven assists for Toronto while Serge Ibaka chipped in with 13 points and eight rebounds off the bench.

Aaron Gordon scored 20 points for the Magic, who split the regular-season series 2-2 with the Raptors. Terrence Ross added 15 points for Orlando while Evan Fournier scored 10 points.

–Field Level Media

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China’s Evergrande says to start making electric vehicles in June

An exterior view of China Evergrande Centre in Hong Kong
FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Picture taken March 26, 2018. REUTERS/Bobby Yip

March 19, 2019

BEIJING (Reuters) – Chinese property firm Evergrande Group will start producing its first electric vehicles in June as part of a goal to become the world’s largest new energy vehicle (NEV) company within the next three to five years, according to its chairman.

Hui Ka Yan made the comments at a conference in the eastern city of Tianjin over the weekend, according to a statement published on the company’s website on Tuesday.

“The new energy automobile industry has a huge market prospect. Evergrande has completed the entire industrial chain layout in the field of new energy vehicles,” Hui said.

He also said that Evergrande plans to start selling its first electric vehicle model globally “soon”, which will use electric car production technology from Swedish car makers Saab and Koenigsegg, and drive systems from Netherlands’ e-Traction, according to the statement.

Evergrande, China’s second-largest property developer by sales, has been aggressively expanding into the automotive space in search of new areas of growth as the Chinese property market slows.

Its subsidiary, Evergrande Health, invested in vehicle manufacturer National Electric Vehicle Sweden AB and Chinese auto battery maker Shanghai CENAT New Energy Co this year. It is also the majority investor in Swedish super car brand Koenigsegg.

Not all of its investments have gone smoothly, however.

Last year, Evergrande Health bought 45 percent of Chinese electric vehicle firm Faraday Future as part of a $2 billion plan but the deal eventually turned sour. The companies have since ended their legal fight.

Sales of NEV vehicles have remained a bright spot in China’s car market, jumping 61.7 percent in 2018 to 1.3 million vehicles even as the overall car market contracted for the first time since the 1990s. China’s biggest auto industry association predicts NEV sales to hit 1.6 million this year.

(Reporting by Yilei Sun and Brenda Goh; Editing by Muralikumar Anantharaman)

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

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