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Deutsche Bank and Commerzbank merger talks are expected to fail: source

FILE PHOTO: Outside view of the Deutsche Bank and the Commerzbank headquarters in Frankfurt
FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo

April 25, 2019

FRANKFURT (Reuters) – Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday.

No final decision has been taken, the person added.

The banks declined to comment.

Shares in Commerzbank traded 1.6 percent lower at 0715, while share in Deutsche Bank were down 0.8 percent.

Deutsche Bank is expected to provide an update on the status of talks, now in their sixth week, by Friday at the latest, another official said.

The inability to craft a deal will increase pressure on Deutsche Bank to make more radical changes, such as cuts to its U.S. investment bank that regulators and some major investors have been advocating. Deutsche is currently looking at a deal for its asset management unit.

A failure of talks is also likely to make Commerzbank vulnerable to a foreign takeover. Both Unicredit and ING Groep have expressed interest in Germany’s No. 2 lender, sources have said.

From the beginning, the talks have met fierce opposition from the banks’ workforces, with unions fearing job losses could total 30,000 people.

Some major investors in Deutsche Bank have also questioned the deal’s logic. Both banks are currently in the process of restructuring and ratings agencies have warned of the risks of executing a deal.

(Reporting by Francesco Canepa, Frank Siebelt, Hans Seidenstuecker, Andreas Framke, Arno Schuetze and Tom Sims; Editing by Sabine Wollrab, Tassilo Hummel and Michelle Martin)

Source: OANN

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EU drafting retaliatory tariff list hitting Caterpillar, Xerox, Samsonite: Bloomberg

FILE PHOTO - Caterpillar equipment at a retail site in San Diego California
FILE PHOTO - Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake/File Photo

February 22, 2019

WASHINGTON (Reuters) – The European Union is drafting a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International if U.S. President Donald Trump imposes duties on European cars, Bloomberg News reported on Friday, citing an unnamed senior EU official.

Trump, who is known to have a strong protectionist bent on trade, has said the United States would impose tariffs on European car imports if it is unable to reach a trade deal with the European Union.

He threatened tariffs on European car imports just days after European Commission President Jean-Claude Juncker said Trump promised he would not impose tariffs on European cars for the time being.

However, a confidential report by the U.S. Commerce Department sent to Trump last weekend was expected to pave the way for the U.S. president to impose duties of up to 25 percent on imported autos and auto parts by designating them as a threat to American national security.

Xerox, Caterpillar and Samsonite did not immediately respond to requests for comment.

(Reporting by Makini Brice; Additional reporting by Supantha Mukherjee and Rachit Vats in Bangalore; Editing by Susan Heavey and Steve Orlofsky)

Source: OANN

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Mozambique seeks cancellation of government guarantees on Proindicus debt in London court: PM

FILE PHOTO: Mozambique's Prime Minister Carlos Agostinho do Rosario addresses a media conference in the capital Maputo
FILE PHOTO: Mozambique's Prime Minister Carlos Agostinho do Rosario addresses a media conference in the capital Maputo, April 28, 2016 REUTERS/Grant Lee Neuenburg

March 13, 2019

JOHANNESBURG (Reuters) – Mozambique is seeking the cancellation of government guarantees on debts run up by state-run security firm Proindicus which helped spark a debt crisis in the country, its prime minister was quoted as saying on Wednesday.

Mozambique has a case in London’s High Court against investment bank Credit Suisse and a number of other parties linked with the $2 billion worth of loans, which have sparked investigations in the United States and Mozambique.

Court filings say the case relates to “commercial contracts”, but give no further details.

Mozambique state news agency AIM said Prime Minister Carlos Agostinho do Rosario told the Mozambican parliament that Maputo had approached the London court to attempt to cancel the sovereign guarantee associated with the debt.

The prime minister was answering questions on the debts tabled by an opposition party, in particular whether Mozambique would continue restructuring the debts and whether it would pay them, the news agency said.

Credit Suisse did not immediately provide a comment. Representatives for a group of Mozambique’s bond holders did not immediately respond to emailed requests for comment.

The loans, which were not disclosed to donors like the International Monetary Fund, spurred donors to cut off support when they were disclosed in 2016, triggering a currency collapse and a default on Mozambique’s sovereign debt.

The southern African country is still struggling to recover from the ensuing debt crisis.

(Reporting by Emma Rumney; Editing by Mark Heinrich)

Source: OANN

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Goldman Sachs Economists Say Trump Will Narrowly Win Re-Election

Goldman Sachs economists say President Donald Trump will narrowly win re-election in 2020 on the strength of the U.S. economy, Bloomberg reports.

Trump, who stunned the political world when he beat Democrat Hillary Clinton in 2016, also has a 5-6% advantage over other candidates because he’s an incumbent.

 “The advantage of first-term incumbency and the relatively strong economic performance ahead of the presidential election suggest that President Trump is more likely to win a second term than the eventual Democratic candidate is to defeat him,” said economists Alec Phillips and Blake Taylor in a report released late Saturday.

Under Trump, the stock market has continued to build value, and Trump’s policies continue to drive job creation. The gross domestic product, a broad measure of the national economy, also continues to grow, with a 2.9% increase in 2018.

More than 20 Democrats are vying for Trump’s job, including Vermont Sen. Bernie Sanders, California Sen. Kamala Harris and, potentially, former Vice President Joe Biden.

“At this early stage with so many candidates, it is nearly impossible to predict who among the roughly 20 announced and potential Democratic candidates will win the nomination,” Goldman’s economists said.

“That said, we would make two observations. First, while the eventual nominee often trails in the polls in the year before the election, they typically have at least some base of support and poll in the double-digits. At the moment, only [Biden and Sanders] poll nationally in double digits,” the bank wrote.

Trump’s job approval rating has increased sharply over the last month, up to 45% in an April 1-9 Gallup poll from 39% in March. The figures follow the completion of special counsel Robert Mueller’s investigation into Russian interference in the 2016 election.

Attorney General William Barr's summary of Mueller's findings reported no Russian involvement in the Trump campaign and insufficient evidence of obstruction of justice.

Source: NewsMax Politics

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The Latest: Columbine moves ahead with memorial events

The Latest on the investigation of a woman believed to have posed a threat to schools in Colorado (all times local):

9:40 p.m.

Columbine High School is moving ahead with ceremonies marking the 20th anniversary of an attack that killed 13 people, and the community is awaiting more details on what led a teenager allegedly obsessed with the 1999 shooting to buy a shotgun and kill herself in the snowy foothills nearby.

A religious service Thursday night kicked off three days of commemorative events leading to a day of community service projects and a ceremony Saturday at a park near the school.

An already tense time at the school was exacerbated after 18-year-old Sol Pais traveled to Denver from Miami on Monday and immediately bought a pump-action shotgun.

Her body was found Wednesday, about 24 hours after Columbine and other schools locked their doors in response to fears that she intended to carry out her own attack.

___

9:20 a.m.

Colorado schools that were shuttered just ahead of the 20th anniversary of the Columbine school shooting have reopened, a day after authorities found the body of a young Florida woman who was obsessed with the shooting. Many schools imposed increased security measures when they reopened on Thursday.

The FBI said the body of Sol Pais was discovered Wednesday in mountains outside Denver with what appeared to be a self-inflicted gunshot wound.

Columbine and dozens of other schools were closed Wednesday because of fears that Pais posed a threat. About 500,000 students in the area that includes metropolitan Denver and Colorado Springs were affected.

Authorities say Pais never threatened a specific school but made troubling remarks to others about her "infatuation" with the 1999 shootings. The FBI also says Pais purchased a shotgun immediately after arriving in Colorado on Monday.

The school closures affected about 500,000 students.

Events planned to mark the anniversary of the 1999 Columbine attack will go on as scheduled throughout the week, including a ceremony near the school on Saturday.

___

11:10 p.m.

Authorities want to ensure that a Florida teenager who was obsessed with the Columbine school shooting was acting alone as dozens of Denver-area schools plan to reopen following a region-wide hunt for the young woman.

The FBI said the body of Sol Pais was discovered in the mountains outside Denver with what appeared to be a self-inflicted gunshot wound on Wednesday, about 24 hours after Columbine and other schools locked their doors in response to fears that she intended to carry out her own attack.

Authorities say Pais never threatened a specific school but made troubling remarks to others about her "infatuation" with the 1999 shootings. The FBI also says Pais purchased a shotgun immediately after arriving in Colorado on Monday.

The anniversary of the Columbine attack is Saturday.

Source: Fox News National

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US-Russian crew blasts off to International Space Station

A Russian-American crew of three has blasted off to the International Space Station, making a second attempt to reach the outpost after October's aborted launch.

A Russian Soyuz rocket carrying NASA astronauts Nick Hague and Christina Koch along with Roscosmos' Alexei Ovchinin lifted off as planned from the Baikonur cosmodrome in Kazakhstan at 12:14 a.m. Friday (1914 GMT Thursday). They are set to dock at the space station in about six hours.

On Oct. 11, a Soyuz that Hague and Ovchinin were riding in failed two minutes into its flight, activating a rescue system that allowed their capsule to land safely. That accident was the first aborted crew launch for the Russian space program since 1983, when two Soviet cosmonauts safely jettisoned after a launch pad explosion.

Source: Fox News World

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ESPN’s digital service to be exclusive UFC pay-per-view provider in U.S.

FILE PHOTO: The ESPN logo is seen on an electronic display in Times Square in New York City
FILE PHOTO: The ESPN logo is seen on an electronic display in Times Square in New York City, U.S., August 23, 2017. REUTERS/Mike Segar

March 18, 2019

By Hilary Russ

NEW YORK (Reuters) – The streaming digital sports service ESPN+ will become the exclusive distributor of pay-per-view events for the Ultimate Fighting Championship (UFC) in the United States, the companies announced on Monday.

The events will begin on April 13, almost exactly a year since parent company Walt Disney Co launched ESPN+ to retain viewers as traditional cable audiences started migrating to online services such as Netflix Inc.

ESPN+ lured 568,000 new subscribers when UFC debuted in January after the Las Vegas-based mixed martial arts promoter, a unit of Endeavor, LLC, moved fights there from Fox Sports.

By the time Disney held its quarterly earnings call with investors in February, it said ESPN+ had signed up 2 million paying subscribers. It is the model for Disney+, a streaming service for family-friendly Disney content that is supposed to launch later this year.

The UFC deal takes the traditional pay-per-view (PPV) model to a new level, giving ESPN+ subscribers exclusive access to the “biggest and most important fights,” said Russell Wolff, ESPN+ executive vice president.

He would not say how many paying subscribers ESPN+ currently has.

The deal will also give the UFC something it has never had before: data about its PPV audience, including information about who is buying event access and viewers’ propensity to purchase goods, said UFC Chief Operating Officer Lawrence Epstein.

Fans will be able to access UFC content in one place, rather than having to jump to different platforms as they did in the past. The agreement does not impact UFC’s commercial sales to the thousands of U.S. bars and restaurants that air its fights, Epstein said.

Monday’s UFC deal is an expansion of its previous ESPN+ agreement, which covered media rights to UFC Fight Night and now runs through 2025 along with the PPV deal.

The expanded agreement covers 12 live PPV events per year that will be streamed in high definition in English and Spanish.

PPV UFC fights will cost $59.99 per event for current ESPN+ subscribers, slightly less than the $64.99 fans usually paid in the past. New subscribers will pay $79.99 for their first PPV event and get one-year of ESPN+ access.

(This story corrects name of UFC parent company to Endeavor, LLC in third paragraph)

(Reporting by Hilary Russ; Editing by Susan Thomas)

Source: OANN

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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