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Germany charges Afghan man with war crimes

German prosecutors say they've charged a 26-year-old former Afghan officer with war crimes for allegedly abusing prisoners and defiling the corpse of a man he boasted he'd "killed like a donkey."

Ahmad Zaheer D., whose last name wasn't given in line with privacy laws, is accused of shaking two prisoners by the hair during an interrogation around late 2013 and punching one, while another soldier hit a third with a hose.

Federal prosecutors said Tuesday that the suspect brought the corpse of a high-ranking enemy commander into a town in March 2014, telling villagers he'd killed him and putting a meat hook into the corpse's head, then stringing the body up with a rope.

He was arrested Oct. 25 near Munich. It wasn't clear when he came to Germany.

Source: Fox News World

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US rapid-deployment troops arrive in Berlin for NATO drill

Hundreds of U.S. soldiers have begun arriving in Germany in the first test of a new rapid deployment strategy meant to bolster NATO's presence in eastern Europe in the event of Russian aggression or other emergencies.

U.S. Army Europe says 350 soldiers from the 1st Armored Division arrived in Berlin Tuesday as part of a group of 1,500 arriving this week.

They're heading to Poland, where they will link up with tanks and other heavy equipment, being brought in from a pre-positioned site in the Netherlands.

They will then conduct maneuvers with Polish forces.

The idea of the "dynamic force employment" strategy is to "rapidly surge combat-ready forces" into Europe when needed.

The U.S., Canada, Germany and Britain already lead battalion-size units in Poland, Latvia, Lithuania, and Estonia.

Source: Fox News National

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Cuba cuts newspaper size due to paper scarcity as shortages bite

Empty shelves are seen at a supermarket in Havana
Empty shelves are seen at a supermarket in Havana, Cuba April 4, 2019. REUTERS/Stringer

April 4, 2019

By Sarah Marsh

HAVANA (Reuters) – Cuba says a paper shortage is forcing it to cut back on pages and circulation at several state-run newspapers including the Communist Party daily Granma, highlighting the severity of the country’s cash crunch as scarcity of basic goods increases.

The Communist government said on Thursday that it was halving the edition size of some weeklies as well as Granma on certain days due to the lack of newsprint, which it imports. It will also no longer publish the Union of Young Communists’ newspaper, Juventud Rebelde, on Saturdays.

It was the first time Cuba had taken such a measure since the 1990s depression spawned by the fall of former ally the Soviet Union. It comes as Cubans are having to queue sometimes for hours for basics such as eggs and flour whenever they appear on store shelves.

Last year’s introduction of mobile internet and a state app called “Donde Hay” (“Where there is”) have to some extent multiplied the mayhem as they have made it easier for Cubans to find out in real time when new stock has arrived.

“There’s nothing at the moment, and when they finally put something in the shops there are huge queues and you have to fight for it,” said Niurka Fontana, 33, a Havana resident who works at an ice-cream parlor. “Every day it’s worse.”

While Cubans have long faced sporadic shortages of particular items due to external shocks to the state-run economy and often dysfunctional central planning, widespread scarcity of some basic goods has picked up over the past few months.

First it was medicine and then flour, then vegetable oil and now eggs and meat.

“I’ve had this prescription for renal antibiotics on me for two months now, but you can’t find them anywhere,” said pensioner Georgie Pi.

The shortages have pushed up prices of some goods on the black market that not all Cubans can afford given the average state salary is around $30 per month.

The government has acknowledged that some shortages, like medicines, are due to a lack of imports of goods necessary for production.

Cuba announced austerity measures three years ago due to lower exports and liquidity problems as aid from key ally Venezuela shrank amid its own economic crisis.

It has since also had to contend with a tightening of the decades-old U.S. trade embargo under President Donald Trump and the end of medical services exports to Brazil following the election of far-right Jair Bolsonaro as president.

It faces another threat to its exports of doctors and nurses as protests roil old friend Algeria.

President Miguel Diaz-Canel told the National Assembly in December that the government would be increasing austerity this year.

The Economy Minister Alejandro Gil Fernandez said last month that egg production had recently been affected by problems with the importation of avian feed. Cuba would import more of certain basic goods in upcoming months and take measures to avoid hoarding, he added.

Many state-run shops are already rationing sales, creating a new headache for private eateries that do not have access to wholesale markets.

Most Cubans say they are used to shortages, although some fear they will only get worse.

“If there is a crisis in Venezuela, it affects us directly,” said state worker Carlos Perez, 51.

(Reporting by Sarah Marsh; Additional Reporting by Nelson Acosta; Editing by Daniel Wallis)

Source: OANN

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Hungary sees Huawei as strategic partner despite security concerns

FILE PHOTO: The logo of Huawei is seen at its showroom in Shenzhen
FILE PHOTO: The logo of Huawei is seen at its showroom in Shenzhen, Guangdong province, China March 29, 2019. REUTERS/Tyrone Siu/File Photo

April 9, 2019

BUDAPEST (Reuters) – Hungary regards China’s Huawei Technologies as a strategic IT partner, the Finance Ministry said on Tuesday, shrugging off security concerns about using its products among many western governments.

In a statement issued after Finance Minister Mihaly Varga met a senior Huawei executive in Beijing, Varga was quoted saying Huawei would help Hungary develop its broadband internet network and meet its goal of high-speed internet access for 90 percent of families by 2025, as per an earlier agreement

Huawei has faced growing scrutiny around the globe due to fears that the Chinese government could use its technology for spying. The United States has called on its allies not to use Huawei’s products.

The Chinese group has repeatedly denied allegations that its technology could be used for spying.

Huawei employs more than 2,000 people and runs its biggest logistic center outside China in Hungary, Varga noted after his meeting with James Li, regional president of Huawei’s European operations.

In central Europe, Hungary and Poland have been building close relations with China in recent years, seeking economic opportunities.

But in January Poland arrested a Huawei executive on spying charges and Warsaw is one of several European countries considering excluding Huawei equipment from its next generation network.

Elsewhere in the region, the Czech Republic’s largest telecommunications network operator CETIN said last month that risks related to Huawei’s technology were manageable.

Romania’s Special Telecommunications Service (STS) has said Huawei equipment was not used in any of the state’s critical infrastructure under its administration.

But Romania’s biggest opposition party will trigger a public inquiry into Huawei’s contribution to critical infrastructure and seek to bar it from 5G network development, due to mounting security concerns, its IT expert said.

(Reporting by Sandor Peto; Editing by David Holmes)

Source: OANN

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Source: InfoWars

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Inside SoftBank’s push to rule the road

FILE PHOTO: A journalist raises her hand to ask a question to Japan's SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo
FILE PHOTO: A journalist raises her hand to ask a question to Japan's SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon

April 12, 2019

By Heather Somerville and Paul Lienert

(Reuters) – SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.

The Japanese entrepreneur is placing a $60 billion bet in more than 40 companies in a bid to steer the $3 trillion global automotive industry now dominated by vehicles people own and drive to a spectrum of transportation services available at the touch of a smartphone app. Those services range from ride hailing and car sharing to delivery robots and self-driving vehicles.

The extent of those investments, based on a Reuters analysis of publicly available data and interviews with a dozen sources familiar with SoftBank’s investment strategy, has not previously been reported. They show how Son has emerged as one of the power players trying to influence how people and goods move about the world in the coming decades.

Graphic: Softbank’s future mobility investments, click https://tmsnrt.rs/2UQXn4F

Key partners in Son’s quest are Uber, the U.S. ride services leader, and Japan’s Toyota Motor Corp.

Uber’s planned initial public stock offering in May is expected to value the company at $90 billion to $100 billion, representing a potential windfall to SoftBank, which put $8 billion into Uber for a 15 percent stake in January 2018. The rising value of that investment will further supercharge Son’s growing clout in the sector, and eventually provide him with additional capital to invest in mobility.

Closer to home, Toyota approached Son more than a year ago about a partnership, and SoftBank in February 2018 signed a memorandum of understanding with the automaker to consider how they might jointly develop mobility services, according to sources familiar with the document. The agreement was followed by the launch of a joint venture dubbed Monet Technologies, designed to set up automated mobility services.

SoftBank and Toyota are also in talks to co-lead a $1 billion investment in Uber’s self-driving unit, Reuters reported in March. While the deal is close to being finalized, discussions remain ongoing around issues such as how much of the unit SoftBank would control, sources told Reuters.

Toyota declined to comment for this story.

In an interview with Reuters, SoftBank Group Chief Operating Officer Marcelo Claure said that the two Japanese companies “have a lot sessions in which we think and we try to redefine the future of mobility.”

Central to those sessions are discussions about how Toyota and SoftBank can collaborate to bring autonomous vehicles to Japan, he said.

Son has been working since 2014 to weave together a tapestry of diverse transportation bets. His deep portfolio of investments range literally from A to Z: From Arm, a British semiconductor maker that Son acquired in 2016 for $32 billion, to Zume Pizza, a Silicon Valley startup that aims to automate pizza delivery and raised $375 million last year from SoftBank.

A FAMILY AFFAIR

SoftBank has used at least five investment vehicles, including the $100 billion Vision Fund, from which to make its mobility investments, public records show. Its deep pockets, aggressive investing tactics and sweeping vision of the future of transportation give SoftBank and its leader Son an outsized influence in shaping the entire industry.

The Vision Fund has more than 30 investment professionals who work to promote cooperation and integration among the portfolio companies, which they refer to as a “family.”

“We can create this web where companies talk to each other and they help each other because they are part of the same family and they do joint ventures and they do joint investments,” Claure said.

SoftBank and its affiliates have focused some of their biggest investments on self-driving firm Cruise, a unit of GM, and four global ride-services giants — Uber, Didi Chuxing, Ola and Grab. SoftBank is the largest shareholder in the four ride-services companies and the largest outside shareholder in Cruise.

Son “is the true emperor of future mobility,” said Tom De Vleesschauwer, senior director of long-term planning and sustainability at IHS Automotive.

To help implement his vision, Son also allied with General Motors Co and Honda Motor Co, each of which is investing heavily in self-driving vehicles and ride services.

Son laid out his future of transportation vision in an October press conference alongside Toyota, where he talked about building a “cluster” of leading mobility companies in different sectors, which “can collaborate with each other.”

Toyota a year ago introduced e-Palette, an electric shuttle designed for self-driving ride and delivery services, and quickly signed up Uber and Didi as development partners. The e-Palette is also the centerpiece of Monet Technologies, which added Honda as a minority partner in March. All are tied back to SoftBank.

That collaboration is expected to enable some SoftBank companies to become “superapps,” or applications where customers go for a range of services, such as transportation, shopping and payments. Such companies can be much more lucrative than those that offer just one core business or service.

But the fact that many of SoftBank’s companies are rivals can complicate the investor’s ambitions. Uber and Ola, the Indian ride-hailing company, remain fierce competitors and are never in the same room when SoftBank discusses ride-hailing strategies, Claure said.

Traditionally in venture capital, funds do not invest in direct competitors.

“There are tremendous synergies, but on the other hand there is significant risk of tremendous conflicts of interest,” said Paul Asel, managing partner at NGP Capital and a longtime mobility investor.

There are limits to the investor’s influence, however. For example, SoftBank encouraged Cruise to acquire or take a stake in self-driving startup Nuro, but talks between the companies never led to a deal, according to two sources with knowledge of the matter.

So SoftBank made its own, $940 million investment in Nuro.

HUNTING BIG GAME

In his five-year transportation push, Son’s stakes in ride services startups now look like bargains. In late 2014, SoftBank joined Alibaba, China’s internet giant in which SoftBank also has a stake, in a $600 million funding round in Kuaidi Dache, the forerunner of China’s Didi.

That investment has grown to more than $11 billion in Didi, in which SoftBank now holds more than 20 percent.

SoftBank’s partnerships with major automakers are also proving to be a boon to transportation startups. Toyota invested in Uber in 2016, then boosted its stake seven months after SoftBank’s investment. Honda followed SoftBank with an investment into Grab, and last year committed $2.75 billion to Cruise’s self-driving project, aiding SoftBank’s ambitions.

But the SoftBank portfolio is not without risks, particularly for companies dependent on the Japanese firm to sustain them financially for years to come. SoftBank faces financial pressures, including an obligation to pay an annual 7 percent dividend on a portion of the invested capital and has burnt through the majority of the Vision Fund.

And it is compelled by a new U.S. law cracking down on foreign investment in technology to submit many of its mobility investments to a government regulatory agency for approval. Should that regulatory group block a deal, it could be catastrophic to a startup.

But there is some safety for Son given the size of his portfolio.

“He’s shooting for big game,” Roger Lanctot, global automotive practice director at Strategy Analytics, said of Son. “He only needs to bag one or two and he will do just fine.”

(Reporting by Paul Lienert in Detroit and Heather Somerville in San Francisco; editing by Edward Tobin)

Source: OANN

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Canada’s opposition calls on Trudeau to initiate ethics inquiry

Canada's Prime Minister Justin Trudeau pauses during a visit to the Winnipeg Transit Fort Rouge Garage to make a transit infrastructure announcement in Winnipeg
Canada's Prime Minister Justin Trudeau pauses during a visit to the Winnipeg Transit Fort Rouge Garage to make a transit infrastructure announcement in Winnipeg, Manitoba, Canada, February 12, 2019. REUTERS/Shannon VanRaes

February 19, 2019

By David Ljunggren

OTTAWA (Reuters) – Canada’s two main opposition parties on Tuesday demanded Prime Minister Justin Trudeau launch a public inquiry into allegations of wrongdoing by his officials that have prompted the biggest crisis of his career.

Underlining the extent of Trudeau’s problems, a new poll showed his ruling center-left Liberals had slipped behind their main rivals ahead of a federal election in October.

The government has been on the defensive since the Globe and Mail reported on Feb. 7 that officials had pressured Jody Wilson-Raybould, the former justice minister, to help construction company SNC-Lavalin Group Inc escape with a fine rather than face trial on charges of bribing Libyan officials.

Gerald Butts, Trudeau’s principal private secretary and one of the architects of the Liberals’ surprise 2015 election win, quit on Monday while insisting he had done nothing wrong.

“The allegations threaten to impugn the integrity of the prime minister’s office … he felt he would be more of a distraction if he stayed,” said a government official.

Andrew Scheer, leader of the official opposition center-right Conservatives, told the House of Commons on Tuesday that the resignation would not clear up the matter.

“This is not an ordinary political scandal. Something more sinister is at play here … if a crime has been committed, those responsible must be punished,” he said, suggesting officials may have obstructed justice.

Charlie Angus of the left-leaning New Democrats urged Trudeau to “come clean with the Canadian people … agree to an independent inquiry”.

Wilson-Raybould, who was demoted in January, quit earlier this month. She has said nothing so far about SNC-Lavalin.

An Ipsos-Reid poll for Global News taken after her resignation showed the Liberals had dropped four percentage points since December to 34 percent, with the Conservatives up two points at 36 percent.

The survey suggests that if an election were held now, no party would have enough legislators to form a stable government.

Trudeau says the allegations of wrongdoing are false and ministers voiced their support as they arrived for a regular cabinet meeting on Tuesday.

“It’s obviously a sad moment for me and Gerry’s many friends … having said that, our work goes on,” Foreign Minister Chrystia Freeland told reporters.

A Trudeau spokeswoman said no decision had been taken on who would replace Butts.

One potential candidate is David MacNaughton, the influential Canadian ambassador to Washington, who helped successfully negotiate the renewal of a continental trade pact last year, said two well-placed Liberals.

MacNaughton, 70, enjoys cabinet level status inside the Trudeau government and also has experience of working with Katie Telford, Trudeau’s chief of staff.

“You need someone with stature. The list of people who could do this job is very short,” said one Liberal, who requested anonymity given the sensitivity of the matter. MacNaughton declined to comment when contacted by Reuters.

(Reporting by David Ljunggren; Editing by Steve Orlofsky)

Source: OANN

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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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