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YouTube Blocks Advertising Promoting Anti-Vax Content

YouTube is blocking channels that promote anti-vaccination content from running ads, asserting they violate policy prohibiting advertisements with videos containing “dangerous and harmful” content.

BuzzFeed News first reported the move, noting a number of ads for companies selling health-related items slipped through YouTube's system and were allowed to play during videos on channels that promote anti-vax agendas.

One of the videos allowed to show ads was "Mom Researches Vaccines, Discovers Vaccination Horrors and Goes Vaccine Free," Buzzfeed reported. 

“We have strict policies that govern what videos we allow ads to appear on, and videos that promote anti-vaccination content have been and remain a violation of our longstanding harmful or dangerous advertising policy,” the video-sharing site said in a statement to USA Today.

“We enforce these policies vigorously, and if we find a video that violates them we immediately take action and remove ads.”

Some parents opt not to vaccinate because of the discredited belief that vaccines are linked to autism. The Centers for Disease Control and Prevention said there’s no such link and that there are no ingredients in vaccines that could cause autism.

According to USA Today, Facebook is also considering making anti-vaccination content less visible on its platform, quoting a statement from the social media platform that it’s working with experts“"on additional changes that we'll be announcing soon.”

Source: NewsMax America

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NFL notebook: Murray to be star attraction at pro day

FILE PHOTO: NFL: Combine
FILE PHOTO: Mar 2, 2019; Indianapolis, IN, USA; Oklahoma quarterback Kyler Murray (QB11) who did not participate in workout drills watches from the sidelines during the 2019 NFL Combine at Lucas Oil Stadium. Mandatory Credit: Brian Spurlock-USA TODAY Sports - 12268222

March 13, 2019

Kyler Murray will perform quarterback drills and other testing at his much-anticipated pro day workout in Norman, Okla., on Wednesday.

The Arizona Cardinals are among the teams expected to send a large contingent of coaches and personnel evaluators. Arizona owns the No. 1 overall pick in the 2019 draft and speculation simmered during the NFL Scouting Combine that the Cardinals are primed to draft Murray and deal their 2018 first-round pick, Josh Rosen, for additional draft picks or a veteran.

Murray did not throw or take part in measurement tests at the combine, including the 40-yard dash, vertical jump and broad jump.

Beyond the Cardinals, the Oakland Raiders (fourth overall), New York Giants (sixth), Cincinnati Bengals (11th) and Miami Dolphins (13th) could covet Murray. The Denver Broncos are a longer shot to look at Murray with the 10th pick after trading for Joe Flacco.

–The Denver Broncos, who will have two new inductees into the Pro Football Hall of Fame this summer, will meet the Atlanta Falcons in the 2019 Hall of Fame Game on Aug. 1 in Canton, Ohio.

Broncos owner Pat Bowlen and cornerback Champ Bailey — who spent 10 seasons in Denver — will be enshrined into the Hall of Fame two days later, as will tight end Tony Gonzalez, who spent the final five seasons of his 17-year NFL career with the Falcons.

Other members of the 2019 class are safety Ed Reed, cornerback Ty Law, safety Johnny Robinson, center Kevin Mawae and personnel executive Gil Brandt.

–The Atlanta Falcons have given themselves financial wiggle room this offseason by restructuring the contract of quarterback Matt Ryan, ESPN reported.

The team created $7 million in cap space by converting $8.75 million of his 2019 base salary into a signing bonus. Before the move, the Falcons had the least amount of cap room in the NFL at just more than $6 million, according to overthecap.com.

Ryan signed a five-year, $150 million contract last year.

–Dez Bryant could return to the New Orleans Saints when he’s recovered from the ruptured Achilles suffered in his second day of practice in 2018.

According to NFL Network, the Saints are hoping Bryant, 30, can play this season. He was signed last November as a free agent to a one-year, $600,000 contract after going months without interest following his release from the Dallas Cowboys in April 2018.

Bryant has 531 catches for 7,459 yards and 73 touchdowns in his career, but he hasn’t posted a 1,000-yard season since 2014.

–Standout pass rusher Khalil Mack restructured his contract to create salary cap space for the Chicago Bears in 2019. The team converted $11 million of Mack’s 2019 base salary and roster bonus into a signing bonus to whittle more room under the cap.

Chicago is without a first-round draft pick, which was traded to Oakland in the deal for Mack.

The Bears reportedly have shown interest in free agent running back Le’Veon Bell, who is being pursued by as many as six teams after not playing last season in a contract dispute with the Steelers.

— The Pittsburgh Steelers announced they will keep injured linebacker Ryan Shazier under contract for 2019, allowing him to retain his medical insurance as he continues to recover from a spinal injury.

Shazier, who suffered the severe injury late in the 2017 season, will remain on the physically unable to perform list for the 2019 season. He will be paid a salary commensurate with his years of service in the NFL, and he’ll accrue another year toward his pension.

“We will continue to support Ryan’s efforts to return to play,” Steelers general manager Kevin Colbert said. “Although he won’t be able to help us on the field in 2019, his leadership, insight, and emotional support have always been very valuable to us, and we look forward to his contributions in our pursuit of a championship.”

–Field Level Media

Source: OANN

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Ex-finance minister Kudrin says detention of top U.S. investor is ’emergency’ for Russian economy

Founder of the Baring Vostok private equity group Calvey attends a court hearing in Moscow
FILE PHOTO: Founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, sits inside a defendants' cage as he attends a court hearing in Moscow, Russia February 15, 2019. REUTERS/Tatyana Makeyeva

February 18, 2019

MOSCOW (Reuters) – The detention in Russia of Baring Vostok’s U.S. founder Michael Calvey is an emergency for the Russian economy, former finance minister Alexei Kudrin, now head of the Audit Chamber, said on Monday.

“I find this particular situation (to be) an emergency for the economy,” Kudrin tweeted. He said Calvey’s detention shows Russian President Vladimir Putin’s order not to jail people accused of economic crimes was being ignored.

Calvey, a senior partner at Baring Vostok and among Russia’s most prominent foreign investors, was detained on Thursday along with other executives after investigators accused them of embezzling 2.5 billion rubles ($37.76 million).

(Reporting by Maxim Rodionov; Editing by Mark Heinrich)

Source: OANN

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California man sentenced to prison for starting wildfire that forced over 7,000 to evacuate

A man was sentenced to 12 years in prison after he admitted to sparking a wildfire in Southern California that forced over 7,000 residents to evacuate last summer.

Brandon McGlover, 33, pleaded guilty to two counts of arson to a structure or forest land on Thursday in connection to the Cranston Fire, which unfolded last July in Riverside County. McGlover admitted to setting several structures on fire that day, though he gave no motive. He originally had faced more charges but they were cut during a preliminary hearing, the Press-Enterprise reported.

By the time the Cranston fire was contained, it had burned over 13,000 acres, destroying at least five homes in its path. McGlover, from Temecula, was ordered to pay restitution to his victims, which could amount to millions of dollars.

The Cranston fire took place during a devastating summer for California, which saw at least six other major fires ravage the state. A few months after the Cranston fire, the Woolsey fire destroyed the homes of a number of Hollywood's biggest names, including Miley Cyrus, Gerard Butler and Robin Thicke.

HOT AIR BALLOON CARRYING 10 CRASHES IN CALIFORNIA, FIRE OFFICIAL SAYS

By the time the Cranston fire was contained, it had burned across more than 13,000 acres, destroying at least five homes in its path.

By the time the Cranston fire was contained, it had burned across more than 13,000 acres, destroying at least five homes in its path. (Gina Ferazzi/Los AngelesTimes via Getty Images, File)

McGlover's attorney, Joseph Camarata, spoke on his behalf during the sentencing and relayed a message of sorrow and regret from his client.

“He would like to offer his deepest sympathies to everyone who has been affected by these fires,” Camarata said.

'ATMOSPHERIC RIVER' BRINGING THREAT OF MUDSLIDES, FLOODING TO CALIFORNIA

His victims, however, remained unconvinced. Residents whose lives were forever changed by the Cranston fire said that they suffered from depression, anxiety and shock. One woman, Janine Munson, said her husband died after he suffered a heart attack as they were trying to escape the flames.

The environmental impact of the fire has been substantial; the surrounding area now carries a risk of mudslides.

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McGlover's attorney made one final request at the sentencing hearing: that his client could be allowed to hug his parents, who also lived in the area.

The judge did not allow the embrace, citing security concerns.

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Beto twists Trump words on MS-13 in defending comparison to Nazis

2020 presidential hopeful Beto O’Rourke made headlines in recent days for comparing President Trump’s immigration rhetoric to that of Nazi Germany -- but twisted the president's words in the process.

In Iowa last week, the former Texas congressman said the Trump administration's family separation policy "follows the rhetoric of a president who not only describes immigrants as rapists and criminals, but as animals and an infestation."

BETO DOUBLES DOWN ON CALL TO ABOLISH ELECTORAL COLLEGE

He added: "Now, I might expect someone to describe another human being as an infestation in the Third Reich. I would not expect it in the United States of America."

Later Thursday, O'Rourke defended his comments when asked by reporters if he was comparing the Trump administration to Nazi Germany: "Calling human beings an infestation is something that we might've expected to hear in Nazi Germany. ... Describing immigrants -- who have a track record of committing violent crimes at a lower rate than native-born Americans -- as rapists and criminals. Seeking to ban all Muslims -- all people of one religion -- what other country on the face of the planet does that kind of thing?"

He continued: "Putting kids in cages? Saying that neo-Nazis and Klansmen and white supremacists are 'very fine people'? ... [T]his is not something that I expected to hear a president of the United States ever say."

O'Rourke covered a lot of ground in the comments, referencing family separations at the border as well as the so-called travel ban and Trump's controversial comments after the violence at a white supremacist rally in Charlottesville -- criticism at least rooted in Trump policies and remarks.

But his claim that Trump referred broadly to immigrants as an "infestation" took the president's words significantly out of context. In the original comments -- a tweet -- Trump used the word "infestation" in reference to MS-13 gangs.

“When we have an ‘infestation’ of MS-13 GANGS in certain parts of our country, who do we send to get them out? ICE! They are tougher and smarter than these rough criminal elelments [sic] that bad immigration laws in our country. Dems do not appreciate the great job they do!” Trump tweeted last July.

Shortly before that, Trump posted a slightly broader tweet using the term "infest," but largely in reference to illegal immigrants and specifically MS-13.

O'Rourke similarly accused the president of referring to immigrants as "animals" -- though that, too, has been disputed.

“You wouldn’t believe how bad these people are. These aren’t people, these are animals, and we’re taking them out of the country at a level and at a rate that’s never happened before,” Trump said last May.

Democrats, including now-House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., criticized the president for his rhetoric at the time. But Trump and his allies argued he was only referring to MS-13.

BETO O'ROURKE PICKING OFF SUPPORT FROM PRIMARY RIVALS OUT OF THE GATE

Trump even doubled down on his comments, saying MS-13 gang members are “not people.”

“These are animals and we have to be very, very tough,” Trump said.

O’Rourke announced his 2020 presidential bid last month, after a close defeat in his 2018 Senate race against Sen. Ted Cruz, R-Texas. O’Rourke’s campaign announced last week that they had raised $9.4 million in the first 18 days of their campaign.

Fox News’ Nicole Darrah, Adam Shaw, and The Associated Press contributed to this report.

Source: Fox News Politics

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As war rages, Tripoli art gallery opens in rundown old city

Libyan artists work at the art gallery and cultural centre in the old city of Tripoli
Libyan artists work at the art gallery and cultural centre in the old city of Tripoli, Libya April 23, 2019. REUTERS/Ahmed Jadallah

April 25, 2019

By Ulf Laessing

TRIPOLI (Reuters) – As a new war reached the Libyan capital, businessman Mustafa Iskandar opened an art gallery and cultural center, hoping to draw attention to a long-neglected old city in need of revival.

One of the best preserved in North Africa with monuments going back to the Romans, Tripoli’s old city has been rundown for years, with garbage filling the narrow streets and its ancient white buildings in dire need of repair.

Most Libyans who can afford it have long moved out of the old city to more modern districts of Tripoli, home to 2.5 million. But Iskandar bought a derelict house close to the landmark Roman Mark Aurelius arch, investing one million dinars ($720,000) to refurbish it as a gathering point for artists.

He sent an invitation to embassies and artists but in the end diplomats did not come, having fled the city as eastern Libyan forces started a campaign to take the capital using ground forces and jets.

It didn’t dampen the enthusiasm of the businessman, who still lives in the old city, a settlement once inhabited by Ottomans and later Italian colonialists, with Muslims, Jews and Christians living for centuries in harmony.

“I want to give a signal for people to come back to the old city where I grew up and still live,” said Iskandar, who works for a Danish firm.

He hung paintings and moved in old furniture collected for years in Europe for his center, which is located next to a hotel that was once bustling with tourists who used to come to Libya until Muammar Gaddafi was toppled in 2011.

Under Gaddafi, authorities restored a handful of old buildings and were planning a larger rehabilitation project when the 2011 uprising broke out, stopping the work.

Little has happened since then, given the country’s chaos, but officials hope to reopen the national museum housed in the Red Castle from the Ottoman era, closed since 2015 over security concerns.

“We are trying,” said Mohamad Farraj Mohamad, the head of the museum’s antiquities department, when asked whether the museum will open next year after a rehabilitation.

For that, French experts who have been advising Libya on how to improve the exhibition need to be willing to come back once the fighting is over to help as the ancient authority lacks funding and expertise.

In the old city, a group of young people organize walks to explore sites and build ties with the remaining inhabitants, many of which are West African workers or poor Libyans.

Relying on their own funds and donations, they repainted a rundown wall in white, a small start for what they hope will be a rehabilitation in the future.

“We are trying to raise awareness of the heritage of the old city ” said Hiba Shalabi, founder of the #SaveTheOldCityofTripoli campaign. “We are building relations with people in old city and look up in archives information about history of houses.”

($1 = 1.3920 Libyan dinars)

(Reporting by Ulf Laessing, Editing by William Maclean)

Source: OANN

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Venezuela’s Guaido barred from public office for 15 years

Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, takes part in a meeting regarding the condition of the water and electricity systems in Caracas
Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, speaks during a meeting regarding the condition of the water and electricity systems in Caracas, Venezuela, Venezuela, March 28, 2019. REUTERS/Manaure Quintero

March 28, 2019

By Vivian Sequera and Luc Cohen

CARACAS (Reuters) – The Venezuelan government said opposition leader Juan Guaido would be barred from public office for 15 years on Thursday, as it seeks to crack down on the U.S.-backed rival to President Nicolas Maduro.

Guaido has called for fresh protests on Saturday against Maduro, following a blackout this week that left the country without power for days.

Cities across Venezuela recovered electricity on Thursday after the blackout, the second major one in less than a month. Maduro on Wednesday night blamed the outage on a “terrorist attack” on the Guri hydroelectric facility that provides electricity to most of the country.

Guaido, the leader of the opposition-controlled National Assembly, has challenged Maduro and his socialist party for power. He invoked the country’s constitution to assume the interim presidency in January, arguing Maduro’s May 2018 re-election was illegitimate.

Most South American and Western nations have recognized Guaido as Venezuela’s rightful leader, while Maduro calls Guaido a puppet of the United States attempting to oust him in a coup.

In February, Venezuela’s state comptroller, Elvis Amoroso, launched an audit of Guaido for allegedly lying on his personal financial disclosures and receiving funds from unauthorized sources.

In a Thursday state television address, Amoroso said Guaido had not explained the source of funds he used to pay for foreign trips he took since joining the assembly.

Amoroso said his office had decided to bar Guaido from public office for up to 15 years, the maximum for public servants who commit irregularities.

At a rally, Guaido questioned the validity of Amoroso’s role.

“The only body that can appoint a comptroller is the legitimate parliament,” he said.

ENERGY SABOTAGE?

To deal with the power outages, Maduro has announced a plan of “load management” for the coming days, without providing details. Generally, load management refers to the process of balancing the supply of electricity on a network with the electrical load.

After blaming a “cyberattack” by the United States for the first outage, Maduro said this week’s blackout was caused by a gunman linked to the “perverse, diabolical right-wing” who fired on Guri.

But local electricity experts, as well as government critics allied with Guaido, said the outages were due to years of underinvestment and lack of maintenance as Venezuela’s economy spiraled into a hyperinflationary collapse.

“I do not think there has been any sabotage,” said Yolimar Arellano, a 43-year-old office worker in Caracas, who said he had electricity at his home, but still no water. He took three buses to get to his job because the subway was not working.

“They have spent years stealing money and not doing maintenance.”

The blackout came less than two weeks after electricity returned to most of the country following an outage that began on March 7 and lasted as long as six days in some cities. That blackout was the longest and most widespread incident of its kind in a country that has grown accustomed to unreliable public services.

Since the second outage hit on Monday, three people died in public hospitals due to a lack of electricity, according to Julio Castro, a doctor and member of the “Doctors for Health” nongovernmental organization.

The blackout also halted operations at the Jose terminal, the main port for the country’s crucial oil exports.

(Reporting by Vivian Sequera, Luc Cohen and Diego Ore in Caracas; Additional reporting by Mircely Guanipa in Punto Fijo, Anggy Polanco in San Cristobal, Tibisay Romero in Valencia and Francisco Aguilar in Barinas; Writing by Luc Cohen; Editing by Jeffrey Benkoe and Rosalba O’Brien)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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