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Israeli researchers say Sodom salt cave is world's longest

Israeli researchers said Thursday they have surveyed what they now believe to be the world's longest salt cave, a network of twisting passageways at the southern tip of the Dead Sea.

A recently completed survey of the Malham Cave determined the labyrinthine cavern stretches more than 10 kilometers (6 miles) in length. That puts it well ahead of Iran's Namakdan Cave, previously thought to be the longest salt cave.

The survey was conducted by the Hebrew University of Jerusalem and a collection of Israeli, Bulgarian and international volunteers.

Boaz Langford, a researcher at the university's Caves Research Center, and Antoniya Vlaykova, a Bulgarian cave explorer from the European Speleological Federation, headed the expedition.

"What's unique about this cave, as opposed to other salt caves in the world, is that it's the longest in the world," Langford said, resting in a chamber of the cave dubbed the "Wedding Hall" for its salt stalactites.

Langford and Vlaykova said they plan to publish the complete map of the cave in a professional publication in the coming months.

There is no official record for the longest salt cave, and such designations are generally decided by consensus among cave researchers after an underground chamber is mapped and published.

Namakdan, which is about 6 kilometers (4 miles) in length, was identified as the longest salt cave after a study by Czech and Iranian scientists in 2006.

Salt caves are unusual and rare geological features. Because salt is highly water soluble, large salt deposits do not normally survive long on the surface. Only a handful of salt caves are larger than a kilometer (half a mile) in length. Salt caves tend to only exist in highly arid regions, like the area around the Dead Sea, which is located at the lowest point on earth and is too salty to support animal life.

The Dead Sea and Mount Sodom were formed by tectonic activity, the shifting of the Earth's plates at the northern end of the 6,000-kilometer (4,000-mile) Afro-Arabian Rift Valley. Over millions of years, successive flooding of the deep depression lay down thick layers of salt.

"The salt layers are squeezed out from the sub-surface, where they are deposited a few kilometers underground, and while being squeezed out they form a mountain, which is rising still today, at a rate of about one centimeter per year," said Amos Frumkin, a Hebrew University geologist who has studied the cave for decades.

The Malham Cave's main outlet yawns not far from a salt pillar named "Lot's wife," after the biblical character who was petrified for looking back at the destruction of the cities of Sodom and Gomorrah. On the mountainside above, Langford, Vlaykova and their colleagues have identified at least 19 openings where seasonal floods have percolated through Mount Sodom's rock salt to form the cave.

Yoav Negev, founder of the Israeli Cave Explorers Club, said that over two years, his group and a total of 80 volunteers from nine countries spent around 1,500 workdays measuring and mapping the cavern's recesses.

"It's above and beyond what we expected," he said.

Efraim Cohen, one of the Hebrew University cave explorers, described the process of locating the cave's entrances from the surface, rappelling down into surface shafts, squeezing through tight passages, and measuring each of the cavern's serpentine branches with lasers.

Despite the difficult environment, he said the cave's splendor makes it worth it.

"All the stalagmites and stalactites, their beauty, their color — they're really white, they're shining, they're amazing," Cohen said.

Radiocarbon dating of wood fragments found inside the cave have helped date its formation to around 7,000 years ago, making it extremely young by speleological standards.

"The reason why it's so young is because it's made of salt," Frumkin explained. "Limestone caves are much slower to form. They are usually much older. But this one is developing very fast so it's one of the youngest caves in the world."

Frumkin said that studying the cave's formation has provided researchers with information about the climate of the region over the past 7,000 years, and how that has affected the emergence of civilization. Jericho, one of world's first cities and an epicenter for the development of agriculture, is around 80 kilometers (50 miles) north of the Malham Cave.

"Because the salt is so soluble, that means that every change in the climate leaves its mark in the cave," Frumkin said. "If there is more water, more rainfall, the cave is enlarged, and Dead Sea level changes, and this makes a huge difference in the morphology of the cave."

Although the scientists have completed their study, there is still more of the cave that is undiscovered, he said.

"There are some more parts, especially upper levels, which have not been surveyed yet because they are difficult to reach," Frumkin said.

Source: Fox News World

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U.S. Homeland Security Secretary Nielsen expected to resign: report

FILE PHOTO: U.S. Secretary of Homeland Security Kirstjen Nielsen speaks beside Honduras' President Juan Orlando Hernandez during a multilateral meeting at the Honduran Ministry of Security in Tegucigalpa,
FILE PHOTO: U.S. Secretary of Homeland Security Kirstjen Nielsen speaks beside Honduras' President Juan Orlando Hernandez (not pictured) during a multilateral meeting at the Honduran Ministry of Security in Tegucigalpa, Honduras, March 27, 2019. REUTERS/Jorge Cabrera/File Photo

April 7, 2019

WASHINGTON (Reuters) – U.S. Department of Homeland Security Secretary Kirstjen Nielsen is expected to resign, CBS News reported on Sunday, citing two unnamed officials.

CBS said it was unclear if her departure would be voluntary.

(Reporting by Diane Bartz; Editing by Peter Cooney)

Source: OANN

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Germany won't disclose Iranian attempts to obtain nuclear weapons, rocket technology, foreign ministry letter shows

Germany’s government has refused to disclose the number of attempts by the Iranian regime to obtain illicit nuclear weapons and rocket technology, Fox News has learned. The failure to reveal the information comes amid the Islamic Republic supreme leader's Thursday announcement promising to boost the country’s ballistic missile program in defiance of U.S warnings.

"A statistic in the field of foreign trade is not kept at the [German] customs criminal office," in connection with the Iranian regime's efforts to secure the technology, a German Foreign Ministry letter obtained by Fox News stated.

Niels Annen, a minister of state in the ministry, who celebrated the Islamic Republic of Iran’s revolution in February at Tehran’s Berlin embassy, wrote the March 18 letter.

The German Left Party had sent a parliamentary query in late February to the federal government, asking for the number of cases, investigations, and the nature of the results covering Iran’s violations of sanctions conducted by Germany's customs criminal office between 2015 and 2018.

In a March 19 German-language t-online report, the journalist Jonas Mueller-Töwe wrote that the German government‘s failure to disclose information about Iran’s possible violations of sanctions contradicts the country’s past practice. He wrote that Annen’s claim that the disclosure practice has not changed “is not correct.”

According to the t-online article, “until 2004, the federal government had the data of the Customs Criminal Office still country-specific and detailed in their arms export reports” covering merchandise involved, the investigations launched and their results.

"We have nothing to add to the reply of Minister of State Annen," a spokesperson for German Chancellor Angela Merkel, said in a statement to Fox News.

POMPEO VOWS TO PILE ECONOMIC, POLITICAL PRESSURE ON IRAN

Merkel’s government is deeply wedded to the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA). Her government’s latest lockdown of potentially damaging sanctions violations material by Tehran could be viewed as an effort to preserve the JCPOA and maintain its flourishing trade relationship with Iran.

“For German authorities, the primary goal is commercial benefit,” Michael Rubin, the American Enterprise Institute expert on Iran, wrote in an article for The Washington Examiner earlier this month.

President Trump withdrew from the JCPOA in 2015 because the agreement, he argued, failed to stop Iran’s alleged drive to build a nuclear weapons device and energetically expand its missile program.

Iranian Supreme Leader Ayatollah Ali Khamenei lashed out at the U.S. on Thursday, declaring live on state television: “We need to take Iran to a point that enemy understand that they cannot threaten Iran. ... America’s sanctions will make Iran self-sufficient.”

Germany has long been a stronghold market for Iran’s illegal proliferation activities.

Fox News previously reviewed a German intelligence report in 2018 which stated that “Iran continued to undertake, as did Pakistan and Syria, efforts to obtain goods and know-how to be used for the development of weapons of mass destruction and to optimize corresponding missile delivery systems.” The report was based on Iranian regime activity in Germany.

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According to the document, “Iran has continued unchanged the pursuit of its ambitious program to acquire technology for its rocket and missile delivery program.”

Fox News reported in 2017 that Iran's efforts to develop its nuclear and missile programs resulted in "32 procurement attempts ... that definitely or with high likelihood were undertaken for the benefit of proliferation programs," in the state of North Rhine-Westphalia.

The German Foreign Ministry did not immediately respond to a Fox News request for comment.

Source: Fox News World

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25 years after genocide, Rwanda’s president praises healing

Rwanda's President Paul Kagame said Monday that the perpetrators of the 1994 genocide feel repentant for killing some 800,000 people and that is helping the country to find reconciliation.

Rwanda has begun commemorating the genocide which began 25 years ago and in which Hutu extremists slaughtered Tutsis and Hutus who tried to protect them during a 100-day period.

Kagame said Rwanda is rebuilding as a new nation of hope.

"Reconciliation is also one choice that has taken root," said Kagame in a press conference in the capital, Kigali. "It has happened because even perpetrators have come out to say 'We are sorry.'

"They (the genocide's perpetrators) have come out to show remorse," he said. "Survivors have also made a choice to forgive which completes a circle of reconciliation."

The mass killing of Rwanda's Tutsi minority was ignited on April 6, 1994, when a plane carrying President Juvénal Habyarimana was shot down and crashed in Kigali, killing the leader who, like the majority of Rwandans, was an ethnic Hutu.

The Tutsi minority was blamed for downing the plane and the bands of Hutu militants began slaughtering the Tutsi, with support from the army, police, and militias.

Kagame said Rwandans will never turn against each other again.

He said Rwandans coming together over problems "we have had to address is key. It is one of the choices that have enabled us to make this progress."

Kagame said Rwanda is building a new relationship with France, which previously his government has accused of having had a role in the genocide.

"There's a conversation going on how to improve the relationship with Rwanda," said Kagame. "France is also making good steps on matters on Africa generally."

On Friday, French President Emmanuel Macron ordered a French commission of researchers and historians to investigate the "role and involvement of France" in Rwanda from 1990-1994. It is to make conclusions within two years.

Kagame has won praise for ending that violence and making advances in economic development and health care. Ethnic reconciliation is a cornerstone of the rule of Kagame, Rwanda's de facto leader since the genocide ended in 1994 and the country's president since 2000. He is credited with bringing Rwanda stability, economic growth, and improved health and education.

However, Kagame's critics charge that he is intolerant of criticism and his government is repressive, jailing opposition leaders.

On Sunday, to mark the start of the genocide, Kagame and several world leaders gathered with some 30,000 people at the National Stadium in the capital for a candlelight ceremony.

"We Rwandans have granted ourselves a new beginning. We exist in a state of permanent commemoration, every day, in all that we do," said Kagame on Sunday. "Today, light radiates from this place."

___

Follow Africa news at https://twitter.com/AP_Africa

Source: Fox News World

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France talks tough on no-deal Brexit deadline, at odds with others

European Union leaders summit in Brussels
German Chancellor Angela Merkel and French President Emmanuel Macron speak during a European Union leaders summit in Brussels, Belgium March 22, 2019. REUTERS/Yves Herman

March 22, 2019

By Richard Lough

BRUSSELS (Reuters) – France said on Friday that Britain would crash out of the European Union on April 12 if it fails to ratify the Brexit withdrawal agreement and present a new plan, putting it at odds with other member states which adopted a softer stance.

President Emmanuel Macron has been the most forthright among EU leaders in wanting to draw a line under Britain’s Brexit crisis quickly to refocus on pushing forward the bloc’s agenda. Some, including Germany, have instead stressed the need to make every effort to ensure a chaotic exit is avoided.

A day after EU leaders in Brussels handed Britain a final chance to leave the bloc in an orderly fashion, disagreement broke out over the definitive deadline.

Under Thursday’s deal, May 22 will be the departure date if the British parliament finally approves next week Prime Minister Theresa May’s withdrawal agreement after twice resoundingly rejecting it. If it does not, Britain must present a new plan by April 12 or leave the EU without a treaty.

An official in Macron’s office said there would be no further extensions, even to implement the exit: “No, April 12 is the leave date.” European Commission officials said that April 12 was “the new March 29th” — the previous exit date.

Others said the summit conclusions were not so clear-cut.

“If there is no indication that they are going to run European elections… there is no ability to extend further,” Irish European Affairs Minister Helen McEntee said. “But at the same time, it doesn’t mean that on April 12 that is the end date.”

“It means that they have to give a timeline for what it is that they are doing or set out exactly what it is that they have planned. It takes away the possibility of a cliff-edge in 24 hours.”

Dutch Prime Minister Mark Rutte said the legal deadline, assuming Britain does not participate in the May 23-26 European Parliament elections, was June 30 – the date the British prime minister had originally sought an extension until.

A senior EU diplomat echoed the view that there could be wriggle-room for further delays.

“My reading is rather in the direction that April 12 is the new March 29,” the diplomat said. “The door is left open for another extension.”

(Reporting by Jean-Baptiste Vey, Richard Lough and Gabriela Baczynska; Writing by Richard Lough, editing by Thomas Escritt and Gareth Jones)

Source: OANN

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Employee charged with assault in Texas plant explosion

Another senior employee at a chemical company is facing criminal charges connected to a 2017 explosion at a Houston-area plant following Hurricane Harvey.

The Harris County District Attorney's office announced Wednesday that Arkema vice president of logistics Michael Keough has been indicted for felony assault.

District Attorney Kim Ogg says Keough falsely told officials that Arkema was monitoring potentially explosive chemical tanks in real time when the company had insufficient data to give early warning. Ogg says these "misrepresentations" led sheriff's deputies to drive directly into a toxic cloud, which then spread to expose citizens of Crosby, outside Houston.

A lawyer for Keough says his actions are not a crime and called the indictment "absurd" and "beyond rational thought."

Arkema and two other senior employees were charged last year.

Source: Fox News National

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Sen. Paul: Source said Brennan, Clapper and Comey pushed discredited dossier, tried to 'bring down a sitting president'

Senator Rand Paul, R-Ky., claims a credible source told him that former CIA director John Brennan, along with former National Intelligence director James Clapper and former FBI director James Comey pushed the discredited Christopher Steele dossier in an effort bring down President Trump.

“My source tells me that the intelligence community, Obama's intelligence community Brennan, Clapper, Comey, they were frustrated because they had this Russian dossier but nobody believed it was real... they couldn't get anything out of it,” Paul claimed on "Fox & Friends" Thursday.

“Finally they decided well what we have to do is attach this dossier, this fake dossier, to an intelligence report. So now Obama is officially seeing it and then also it's given to Trump at this point. But realize that this is a big circle that had the dossier for months and months. So when John McCain is given the dossier it's given to him by people who may have leaked it from our government to John McCain, so John McCain and give it back to the FBI. I mean it's a crazy circle all trying to justify something that wasn't true.”

FOX NEWS EXCLUSIVE: INTERNAL TEXTS SHOW DOJ CONCERNS OVER 'BIAS' OF DOSSIER AUTHOR BEFORE CRUCIAL WARRANT APPLICATION

They tried to bring down a sitting president

— Sen. Rand Paul

Paul added, “But extraordinary power of these people and extraordinary corruption… they tried to bring down a sitting president.”

The senator originally tweeted about the allegation on Wednesday.

"BREAKING: A high-level source tells me it was Brennan who insisted that the unverified and fake Steele dossier be included in the Intelligence Report... Brennan should be asked to testify under oath in Congress ASAP," Paul wrote.

Brennan, appeared on MSNBC’s “Morning Joe” on Monday and lamented he may have received “bad information” that led him to predict the president or members of his staff would be indicted when the Mueller report was released.

Brennan earlier this month appeared on MSNBC’s “The Last Word” and said a “criminal conspiracy involving the Russians” was developing during his tenure as CIA director.

The Kentucky senator says his source is “someone who has a great deal of information about what's been going on” adding that “nobody knows the complete picture yet.”

Paul also said he supports President Trump’s plan to release the full and unredacted Foreign Intelligence Surveillance Act (FISA) warrants and related documents used by the FBI to probe his campaign and figure out how the Russia collusion narrative began.

"I do, I have plans to declassify and release. I have plans to absolutely release," Trump told Sean Hannity Wednesday.

Paul also supports the full Mueller report being released but only in conjunction with the Obama era information.

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“I'm okay with the Mueller report coming out completely. But in addition, we need to have information on Obama White House officials, Comey, Brennan, Clapper. That should be part of it because the report is the conclusion at the beginning is why did we get to the report in the beginning. And if someone misused their office,” Paul said.

“So Democrats want the complete Muller report. I'm going to object until we get a complete report of all the Obama era officials that got this thing started.”

Source: Fox News Politics

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A man accused of fatally beating a 4-month-old boy after finding out the infant wasn’t his son had been previously deported from the United States five times, most recently in late 2016, immigration officials said.

Carlos Zuniga-Aviles, a 33-year-old Honduran national, has used multiple aliases, including the fake name of Jose Agurcia-Avila he gave police in Memphis, Tennessee, following his arrest in the boy’s death earlier this month, US Immigration and Customs Enforcement officials told WMC-TV.

ICE officials have since filed an immigration detainer against Zuniga-Aviles, who was initially deported back to Honduras in February 2010. He was also returned to the Central American country in 2011, 2012, 2015 and 2016.

CLICK HERE TO READ MORE FROM THE NEW YORK POST

“ICE will seek to take him into custody to reinstate his removal order following the resolution of the criminal charges he currently faces,” the statement reads. “Mr. Zuniga-Aviles has been removed from the US five prior times: his most recent removal by ICE to Honduras took place in December 2016.”

ILLEGAL IMMIGRANT WITH CRIMINAL HISTORY ARRESTED IN CALIFORNIA WOMAN’S MURDER

Zuniga-Aviles later returned to the U.S. following his removal, a felony under federal law, immigration officials said. It’s unclear exactly when he returned, but he was living with his girlfriend and the woman’s 4-month-old son in Memphis at the time of his arrest, WREG reports.

DAD OF MAN KILLED BY ILLEGAL IMMIGRANT BLASTS CALIFORNIA GOV. NEWSOM’S TRIP TO CENTRAL AMERICA: ‘IT’S DISGUSTING’

The infant, Alexander Lizondro-Chacon, was pronounced dead at a hospital from blunt force trauma to the head after his mother, Mercy Lizondro-Chacon, called police on April 12 to report that the boy was having trouble breathing, according to an affidavit of complaint obtained by the Commercial Appeal.

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This article originally appeared in the New York Post. For more from the Post, click here.

Source: Fox News National

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Democratic presidential candidates Sen. Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont are taking aim at latest entry into the 2020 nomination race – Joe Biden.

Campaigning in Iowa hours after the former vice president officially announced his candidacy, Warren contrasted on Thursday her longtime record of taking on Wall Street with that of Biden.

JOE BIDEN OFFCIALLY LAUNCHES LONG AWAITED 2020 BID

“At a time when the biggest financial institutions in this country were trying to put the squeeze on millions of hard-working families who were in bankruptcy because of medical problems, job losses, divorce and death in the family, there was nobody to stand up for them,” said the populist senator who’s producing progressive policy proposal after another as she runs for the White House.

“I got in that fight because they just didn’t have anyone,” she said. “And Joe Biden was on the side of the credit card companies.”

The comments reignited a nearly two decades old fight between the two over the country’s bankruptcy laws.

Fox News reached out to the Biden campaign for reaction to Warren’s words but had yet to receive a response at the time this article was published.

WARREN NOT WORRIED ABOUT POLLS: ‘IT’S EARLY.. I’M RUNNING THE CAMPAIGN ITHAT I WANT TO RUN’

It’s not just Warren. The head of the Progressive Change Campaign Committee – which has backed the senator from Massachusetts – also took aim at Biden, who enters the race as the front runner in most national polls and early primary and caucus voting state surveys, slightly atop of Sanders and well ahead of the rest of the large field of 20 contenders.

“With billionaires deciding not to run, progressive candidates have been in need of a foil. If Joe Biden positions himself as the political insider from yesteryear who says big ideas like universal child care, student debt relief, and a wealth tax on ultra-millionaires are not possible, he would be an easy foil, Adam Green, the co-founder of PCCC, told Fox News.

BIDEN LAUNCH SETS UP 2020 NOMINATION FIGHT WITH FELLOW FRONT-RUNNER SANDERS

Sanders’ campaign also jabbed at Biden.

The former vice president spent Thursday evening raising campaign cash at the suburban Philadelphia home of David Cohen, a senior executive of the Comcast Corp. and a former Democratic operative.

In a fundraising email to supporters around the same time, Sanders’ campaign manager Faiz Shakir wrote that “it’s a big day in the Democratic primary and we’re hoping to end it strong. Not with a fundraiser in the home of a corporate lobbyist, but with an overwhelming number of individual donations in response to today’s news.”

Earlier in the day, a rising progressive group called Justice Democrats that has championed Sanders and Rep. Alexandria Ocasio-Cortez of New York called Biden “out of touch” and stressed that “we can’t let a so-called ‘centrist’ like Joe Biden divide the Democratic Party and turn it into the party of ‘No, we can’t.’”

Biden, of course, is considered to be more moderate than many of the current contenders for the Democratic presidential nomination, especially Warren and Sanders, who describes himself as a democratic socialist.

These kind of jabs from the candidates, their campaigns and outside groups could be foreshadow a building clash between the progressive and establishment sings of the party.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

Former President Barack Obama, Biden’s boss for eight years, remains extremely popular with Democrats.

BIDEN SAYS HE ASKED OBAMA NOT TO ENDORSE HIM

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Highlighting his early public push for same-sex marriage, he said, “I’m not sure when everybody else came out and said they’re for gay marriage.”

Source: Fox News Politics

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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