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Stock futures point to flat Wall Street open as earnings roll in

Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid

April 23, 2019

By Sruthi Shankar

(Reuters) – U.S. stock index futures pointed to a subdued opening on Wall Street on Tuesday, as investors parsed through a fresh batch of reports from Coca-Cola, Twitter and a handful of industrial companies.

Stock markets across the globe were listless as European markets reopened after a four-day Easter break only to be supported by gaining energy shares, spurred by oil prices near six-month highs. [O/R]

About a third of the S&P 500 companies including Boeing Co and Facebook Inc are scheduled to report this week, making it the busiest period this reporting season.

With Wall Street’s main indexes struggling to make headway, even as they hover below record levels, investors are waiting to see if results from major companies ease concerns about earnings recession.

Profits at S&P 500 companies are expected to decline 1.7% in the first quarter, in what could be the first earnings contraction since 2016. However, the forecasts have improved slightly since the start of April.

“It’s still expected to be a challenging quarter for the corporates, but the bar has been sufficiently lowered which may allow them to get through the season relatively unscathed,” Craig Erlam, senior market analyst at Oanda, said.

“The lack of direction at the start of the week isn’t surprising given the quiet bank holiday weekend.”

Trading volume has been at its lowest so far in 2019.

At 7:17 a.m. ET, Dow e-minis were up 16 points, or 0.06%. S&P 500 e-minis were down 2 points, or 0.07% and Nasdaq 100 e-minis were down 7.75 points, or 0.1%.

Among the major names that have reported, Coca-Cola Co was up 3.5% after quarterly sales beat analysts’ estimates, while Twitter Inc gained 6.8% after the social media company reported a surprise rise in the number of monthly active users.

Dow component United Technologies Corp gained 2.8% after reporting a higher-than-expected quarterly profit, boosted by robust demand for aircraft parts.

Lyft Inc’s shares rose 2.7% as multiple underwriters started coverage of the ride-hailing firm on an upbeat note.

Economic data due at 10:00 a.m. ET is expected to show sales of new U.S. single-family homes dropped to a seasonally adjusted annual rate of 650,000 units in March, from 667,000 units in February.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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Best Buy names new CEO as Hubert Joly steps down

The CEO credited with reviving a struggling Best Buy is stepping aside.

Hubert Joly, 59, is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry, 43, as part of the company's succession plan effective June 11. Barry, who is currently the company's chief financial and strategic transformation officer, will become the fifth CEO in Best Buy's 53-year history and the company's first female CEO.

Joly will become executive chairman of the board after stepping down.

It was only a few years ago when skeptics were ready to write the obituary of Best Buy. But under Joly, who took over as CEO in 2012, the company is being reinvented, focusing on driving online revenue as well as improving the in-store experience as many traditional retailers face dwindling foot traffic and sales. Online sales now account for about 22% of Best Buy's business.

Best Buy is also working to build deeper relationships and increase total revenue from customers who are shopping both online and in stores. That means reducing the time a customer has to spend at the pickup counter.

It's also means expanding services. Its free adviser service where salespeople visit customers at home to make recommendations on TVs and other electronics has been doing well. Last year, it launched a service that costs $199.99 a year that offers unlimited Geek Squad technical support. As of the latest quarter, it has signed up more than 1 million members.

The company is also pushing more into the health field, acquiring a company last year called GreatCall that provides emergency response devices for the aging.

Additionally, Best Buy now offers same-day delivery on thousands of items in 40 metropolitan areas and next-day delivery in 60 metropolitan areas.

Barry has been with the company in various executive jobs since 1999. She became CFO in 2016 and prior to that, served as the company's chief strategic growth officer. She will also join the board of directors, which is expanding to 13 members.

"Today's technology and consumer landscape creates tremendous opportunities for Best Buy to further expand and deepen relationships with our customers and employees, while continuing to drive shareholder value," she said in a statement.

In premarket trading, Best Buy Co. shares dipped less than 1% to $73.

Source: Fox News National

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AI Study Sheds Light on Human Brain

Can artificial intelligence (AI) help us understand how the brain understands language? Can neuroscience help us understand why AI and neural networks are effective at predicting human perception?

Research from Alexander Huth and Shailee Jain from The University of Texas at Austin (UT Austin) suggests both are possible.

In a paper presented at the 2018 Conference on Neural Information Processing Systems (NeurIPS), the scholars described the results of experiments that used artificial neural networks to predict with greater accuracy than ever before how different areas in the brain respond to specific words.

“As words come into our heads, we form ideas of what someone is saying to us, and we want to understand how that comes to us inside the brain,” said Huth, assistant professor of Neuroscience and Computer Science at UT Austin. “It seems like there should be systems to it, but practically, that’s just not how language works. Like anything in biology, it’s very hard to reduce down to a simple set of equations.”

The work employed a type of recurrent neural network called long short-term memory (LSTM) that includes in its calculations the relationships of each word to what came before to better preserve context.

“If a word has multiple meanings, you infer the meaning of that word for that particular sentence depending on what was said earlier,” said Jain, a PhD student in Huth’s lab at UT Austin. “Our hypothesis is that this would lead to better predictions of brain activity because the brain cares about context.”

It sounds obvious, but for decades neuroscience experiments considered the response of the brain to individual words without a sense of their connection to chains of words or sentences. (Huth describes the importance of doing “real-world neuroscience” in a March 2019 paper in the Journal of Cognitive Neuroscience.)


Alex Jones breaks down how devices with artificial intelligence embedded in the applications, aka ‘smart’, are being used for surveillance as well as electromagnetic stimuli to control peoples’ thoughts, feelings, and actions for an ultimate act of mass suggestion that will collapse society.

In their work, the researchers ran experiments to test, and ultimately predict, how different areas in the brain would respond when listening to stories (specifically, the Moth Radio Hour). They used data collected from fMRI (functional magnetic resonance imaging) machines that capture changes in the blood oxygenation level in the brain based on how active groups of neurons are. This serves as a correspondent for where language concepts are “represented” in the brain.

Using powerful supercomputers at the Texas Advanced Computing Center (TACC), they trained a language model using the LSTM method so it could effectively predict what word would come next – a task akin to Google auto-complete searches, which the human mind is particularly adept at.

“In trying to predict the next word, this model has to implicitly learn all this other stuff about how language works,” said Huth, “like which words tend to follow other words, without ever actually accessing the brain or any data about the brain.”

Based on both the language model and fMRI data, they trained a system that could predict how the brain would respond when it hears each word in a new story for the first time.

Past efforts had shown that it is possible to localize language responses in the brain effectively. However, the new research showed that adding the contextual element – in this case up to 20 words that came before – improved brain activity predictions significantly. They found that their predictions improve even when the least amount of context was used. The more context provided, the better the accuracy of their predictions.

“Our analysis showed that if the LSTM incorporates more words, then it gets better at predicting the next word,” said Jain, “which means that it must be including information from all the words in the past.”

The research went further. It explored which parts of the brain were more sensitive to the amount of context included. They found, for instance, that concepts that seem to be localized to the auditory cortex were less dependent on context.

“If you hear the word dog, this area doesn’t care what the 10 words were before that, it’s just going to respond to the sound of the word dog”, Huth explained.

On the other hand, brain areas that deal with higher-level thinking were easier to pinpoint when more context was included. This supports theories of the mind and language comprehension.

“There was a really nice correspondence between the hierarchy of the artificial network and the hierarchy of the brain, which we found interesting,” Huth said.

(Photo by Pixabay / ColiN00B / CC0 Creative Commons)

Natural language processing — or NLP — has taken great strides in recent years. But when it comes to answering questions, having natural conversations, or analyzing the sentiments in written texts, NLP still has a long way to go. The researchers believe their LSTM-developed language model can help in these areas.

The LSTM (and neural networks in general) works by assigning values in high-dimensional space to individual components (here, words) so that each component can be defined by its thousands of disparate relationships to many other things.

The researchers trained the language model by feeding it tens of millions of words drawn from Reddit posts. Their system then made predictions for how thousands of voxels (three-dimensional pixels) in the brains of six subjects would respond to a second set of stories that neither the model nor the individuals had heard before. Because they were interested in the effects of context length and the effect of individual layers in the neural network, they essentially tested 60 different factors (20 lengths of context retention and three different layer dimensions) for each subject.

All of this leads to computational problems of enormous scale, requiring massive amounts of computing power, memory, storage, and data retrieval. TACC’s resources were well suited to the problem. The researchers used the Maverick supercomputer, which contains both GPUs and CPUs for the computing tasks, and Corral, a storage and data management resource, to preserve and distribute the data. By parallelizing the problem across many processors, they were able to run the computational experiment in weeks rather than years.

“To develop these models effectively, you need a lot of training data,” Huth said. “That means you have to pass through your entire dataset every time you want to update the weights. And that’s inherently very slow if you don’t use parallel resources like those at TACC.”

If it sounds complex, well — it is.

This is leading Huth and Jain to consider a more streamlined version of the system, where instead of developing a language prediction model and then applying it to the brain, they develop a model that directly predicts brain response. They call this an end-to-end system and it’s where Huth and Jain hope to go in their future research. Such a model would improve its performance directly on brain responses. A wrong prediction of brain activity would feedback into the model and spur improvements.

“If this works, then it’s possible that this network could learn to read text or intake language similarly to how our brains do,” Huth said. “Imagine Google Translate, but it understands what you’re saying, instead of just learning a set of rules.”

With such a system in place, Huth believes it is only a matter of time until a mind-reading system that can translate brain activity into language is feasible. In the meantime, they are gaining insights into both neuroscience and artificial intelligence from their experiments.

“The brain is a very effective computation machine and the aim of artificial intelligence is to build machines that are really good at all the tasks a brain can do,” Jain said. “But, we don’t understand a lot about the brain. So, we try to use artificial intelligence to first question how the brain works, and then, based on the insights we gain through this method of interrogation, and through theoretical neuroscience, we use those results to develop better artificial Intelligence.

“The idea is to understand cognitive systems, both biological and artificial, and to use them in tandem to understand and build better machines.”


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Source: InfoWars

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Teen arrested in killing of mail carrier in New Mexico

Authorities have arrested a New Mexico teenager on charges he fatally shot a mail carrier after the man tried to intervene in an argument between the teen and his mother.

Xavier Zamora, 17, was taken into custody by police and the U.S. Postal Inspection Service without incident late Wednesday, Albuquerque police spokesman Gilbert Gallegos said. He said the FBI also was involved in the investigation.

Online court records did not list a defense attorney for Zamora.

The teen is charged with murder in a criminal complaint filed by Albuquerque police, although local prosecutors said they expect that the case will be referred to the U.S. Attorney's office because the victim was a federal employee.

Police said the teen shot 47-year-old Jose Hernandez in the stomach on Monday outside his mother's home. She told police that her son became aggressive with Hernandez after he tried to help diffuse a domestic dispute outside her house, prompting the mail carrier to use pepper spray on the teen, according to the criminal complaint.

The teen went into the house after the encounter then returned a short time later, shot Hernandez and ran back into the house, the mother said. SWAT officers secured the neighborhood before determining the suspect had escaped.

Hernandez, an Army veteran, had worked for the U.S. Postal Service in Albuquerque for 12 years, authorities said.

Since the shooting, residents have placed flowers atop a mailbox near where Hernandez was killed. Handwritten notes thanked Hernandez for his service and said he would not be forgotten.

Source: Fox News National

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Thai opposition party undeterred after ally’s failed princess bid

Supporters of Pheu Thai Party attend the election campaign in Bangkok
Supporters of Pheu Thai Party attend the election campaign in Bangkok, Thailand February 15, 2019. REUTERS/Athit Perawongmetha

February 18, 2019

By Panu Wongcha-um

UBON RATCHATHANI, Thailand (Reuters) – Leaders of Thailand’s biggest opposition party campaigning on Monday never mentioned ousted premier Thaksin Shinawatra, whose policies they espouse, nor the princess whose shock candidacy could see its ally banned from the March 24 election.

They didn’t need to. Supporters in the northeastern stronghold of the Pheu Thai party are well aware of the complexities of the first general election since a 2014 coup – and are determined to return their party to power despite electoral rules limiting their voting power.

“How long have you all waited, how long have you all suffered?” asked Sudarat Keyuraphan, Pheu Thai’s top prime ministerial candidate, asked supporters during a campaign stop in Ubon Ratchathani province.

“We all have to wait just a little while, until March 24. That day will be a day of victory for all of us!” she told the cheering crowd.

Pheu Thai is the largest of several parties in the election linked to ex-prime minister Thaksin Shinawatra, who was ousted in a 2006 coup and lives in self-exile after a corruption conviction he says was politically motivated.

The party and its offshoots retain support among rural farmers and the poor for their social welfare programs, but they face an uphill battle in the election, with new rules that prevent any one party gaining a big majority.

Junta leader Prayuth Chan-ocha, who as army chief in 2014 ousted the last civilian government, is also running, as the prime ministerial candidate of a new pro-military party.

Pro-Thaksin parties have won every election since 2001, but after Thaksin was ousted their successive governments have been ended either by court rulings or coups, with the most recent military takeover ousting a Pheu Thai government that Thaksin’s sister, Yingluck, had led.

After nearly five years in power, the junta is in the process of choosing all 250 members of the Senate, which will elect a prime minister along with the 500-seat House of Representatives, putting pro-military forces at a significant advantage even before election.

Supporters of Pheu Thai say the new rules are aimed at ridding the country of Thaksin’s influence once and for all. The party has to distance itself from the former telecommunications tycoon because the law on political parties forbids outsiders from controlling or directing them.

But Thaksin’s loyalists in Udon Ratchathani were undeterred.

“I think Pheu Thai will win by a landslide, despite what’s happened, and regardless of the military-appointed Senate,” said Kriangsak Lamun, 64.

Mathematically, however, Pheu Thai’s chances of regaining power would be reduced even if it is the top vote-getter if one of its allied parties, Thai Raksa Chart, is disqualified.

‘AS POPULAR AS EVER’

Thai Raksa Chart stunned the nation and electrified supporters on Feb. 8 with the surprise nomination of the king’s older sister, Princess Ubolratana Rajakanya Sirivadhana Barnavadi, as its sole prime ministerial candidate, breaking tradition of royalty shunning politics.

The nomination drew a swift rebuke from King Maha Vajiralongkorn, and the princess was disqualified by the Electoral Commission. Now, her nominating party faces a possible ban in a Constitutional Court decision due later this month.

Thai Raksa Chart is one of at least three pro-Thaksin parties contesting the elections to help scoop up seats under the complex electoral laws that limit the impact of the largest party.

With Pheu Thai likely to be hamstrung by those rules, other pro-Thaksin parties such as Thai Raksa Chart and the Pheu Chart party are intended to gain some of the proportionally awarded seats that favor smaller parties.

If Thai Raksa Chart is disqualified, that safety net may disappear – making the headline-grabbing nomination of the princess seem like a miscalculation.

Die-hard supporters of Thaksin’s populist policies were mixed in their opinions about Thai Raksa Chart’s recruiting royalty, revered as semi-divine in Thai culture, into politics.

Some said they admired the princess as a candidate, while others found it inappropriate.

“I don’t think it was a good move … Royals should not get involved in politics,” said Virat Laddabut, 55, though he said he wouldn’t change his vote.

Another voter, Somchai Wongsa, said voters in the rural northeast would vote for pro-Thaksin parties whatever their name.

“It doesn’t matter if Thai Raksa Chart is dissolved,” he said.

“People here will still vote Pheu Thai. The party is as popular as ever.”

(Writing by Kay Johnson; Editing by Robert Birsel)

Source: OANN

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Russia testing Ukraine’s new leader with passport move: Lithuania

FILE PHOTO: Candidate Zelenskiy reacts following the announcement of an exit poll in Ukraine's presidential election in Kiev
FILE PHOTO: Ukrainian presidential candidate Volodymyr Zelenskiy reacts following the announcement of the first exit poll in a presidential election at his campaign headquarters in Kiev, Ukraine April 21, 2019. REUTERS/Valentyn Ogirenko/File Photo

April 26, 2019

By Matthias Williams

KIEV (Reuters) – Russia’s decision to make it easier for residents of rebel-controlled eastern Ukraine to obtain a Russian passport is meant to test Ukraine’s new leader and the West should not recognize the documents, Lithuania’s foreign minister said on Friday.

Russian President Vladimir Putin signed the order on facilitating passports on Wednesday, three days after comedian Volodymyr Zelenskiy, a political novice, won a landslide victory in Ukraine’s presidential election.

Linas Linkevicius, whose own country also has strained relations with Moscow, told Reuters in an interview that the West should consider imposing new sanctions on Russia.

“This is a blatant violation of international law. And basically also a kind of test to the new (Ukrainian) leadership, which is also a usual game,” Linkevicius said.

“The least we can do (is) we shouldn’t recognize these passports. How to do that technically, it’s another issue to discuss. Also (we need) to look at additional sanctions,” said Linkevicius, whose small Baltic nation is a member of NATO and the European Union.

Western nations imposed sanctions on Russia over its 2014 annexation of Ukraine’s Crimea region and its support for armed separatists battling Kiev’s forces in eastern Ukraine. Some 13,000 people have been killed in that conflict despite a notional ceasefire signed in Minsk in 2015.

Linkevicius, who in Kiev on Friday became the first minister of an EU country since Ukraine’s election to meet President-elect Zelenskiy, said they had discussed the passport issue.

Zelenskiy also raised the possibility of resetting the Minsk ceasefire agreement without giving any concessions to Russia, Linkevicius said.

“DANGEROUS CANCER” OF GRAFT

The minister urged Zelenskiy to deliver on his electoral promise of tackling corruption, which he described as the “most dangerous cancer” facing Ukraine, which hopes one day to join the EU.

Last month, Lithuania’s own relations with Russia came under renewed strain after a Vilnius court found former Soviet defense minister Dmitry Yazov, in absentia, guilty of war crimes and crimes against humanity for his role in a 1991 crackdown against Lithuania’s pro-independence movement.

Russia branded the verdict “extremely unfriendly and essentially provocative” and opened a probe into the judges involved.

Linkevicius accused Russia of seeking to politicize the judicial process by trying to take revenge on the judges, adding: “This is lamentable.”

(Editing by Gareth Jones)

Source: OANN

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Italy’s Salvini, France’s Le Pen cement ties before EU vote

Italy's hard-line interior minister and France's far-right leader are cementing their longtime alliance ahead of Europe-wide elections next month and said they will press for like-minded candidates in Europe to join their "family."

Matteo Salvini and Marine Le Pen discussed work, family and environmental protection as major themes in the upcoming vote, which will determine the makeup of the European Parliament in Brussels, Salvini's office said.

They met on Friday in Paris ahead of the G-7 meeting of interior ministers. Both Le Pen's National Rally party and Salvini's League have railed against the power wielded by the European Union's governing body, especially when it comes to immigration.

Both parties — as well as others on Europe's right — could make gains in the late May elections, according to recent polling.

Source: Fox News World

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk
Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk, Belarus April 26, 2019. REUTERS/Vasily Fedosenko

April 26, 2019

By Katya Golubkova and Andrei Makhovsky

MOSCOW/MINSK (Reuters) – Russia is confident it can soon resolve a problem of polluted Russian oil contaminating a major pipeline serving Europe and affecting supplies as far west as Germany, a senior official said on Friday at talks with importers about the issue.

Russian Deputy Energy Minister Pavel Sorokin did not give a precise timeframe but Moscow has previously said it would pump clean oil to the border with Belarus from April 29, seeking to end a crisis hitting the world’s second-largest crude exporter.

Sorokin was speaking at talks with officials from Belarus, Poland and Ukraine in Minsk on the issue. Belarus said the issue had cost it $100 million, while analysts say alternative supply routes for refiners cannot fully fill the gap.

Poland, Germany, Ukraine and Slovakia have suspended imports of Russian oil via the Druzhba pipeline. Halting those supplies has knock-on effects further along the network.

The problem arose last week when an unidentified Russian producer contaminated oil with high levels of organic chloride used to boost oil output but which must be separated before shipment as it can destroy refining equipment.

Russia’s Energy Ministry said pipeline monopoly Transneft and other Russian companies had a plan to mitigate the effects of the contaminated oil. It did not give details.

Russian officials have said contaminated oil has already been pumped into storage in Russia and Friday’s talks would focus on how to partially withdraw the tainted crude from the Druzhba pipeline running via other countries.

The suspension cuts off a major supply route for Polish refineries owned by Poland’s PKN Orlen and Grupa Lotos, as well as plants in Germany owned by Total, Shell, Eni and Rosneft.

Some refiners have outlined plans for alternative supplies, but analysts say other routes cannot meet the shortfall.

OIL PRICES

Ukraine’s Ukrtransnafta suspended the transit of oil through the pipeline on Thursday, closing supplies via Druzhba’s southern route to Slovakia, the Czech Republic and Hungary.

The pipeline issue, which has supported global oil prices, lifted Russian Urals crude differentials to an all-time high on Thursday.

With pipeline supplies to Europe shut, Russia faces a challenge of how to divert about 1 million barrels per day (bpd) that was meant to be shipped through the network to other destinations at the time when export capacity is at its limits.

State-run Russian Railways held talks with energy firms on using up to 5,000 rail tankers to transport crude, RIA news agency reported on Friday.

Concerns about the quality of Urals crude also caused delays in loadings at the Baltic port of Ust-Luga, when buyers refused to lift cargoes, resulting in a brief shutdown of the port on Wednesday and Thursday. An Ust-Luga official and traders said on Friday loadings had resumed.

Russian loading plans indicate it aims to boost Urals exports in May before the expiry of a deal on output cuts agreed with the Organization of the Petroleum Exporting Countries and its allies, Reuters calculations and Energy Ministry data show.

The provisional loading plan for Russia’s Baltic Sea ports and Novorossiisk in May show exports rising to 10.7 million tonnes, the highest level in half a decade.

Minsk estimated its loss from lower oil product exports due to contaminated Russian oil at around $100 million, Russia’s Interfax news agency reported on Thursday, citing Belarusian state oil company Belneftekhim.

Russian Deputy Prime Minister Dmitry Kozak, in charge of government energy policy, said this week that those found responsible for contaminating the oil could be fined. He did not provide names.

(Reporting by Agnieszka Barteczko in WARSAW, Sandor Peto in BUDAPEST, Jason Hovet in PRAGUE, Matthias Williams and Natalia Zinets in KIEV, Katya Golubkova, Olesya Astakhova, Gleb Gorodyankin, Olga Yagova and Maxim Rodionov in MOSCOW, Andrei Makhovsky in MINSK; writing by Katya Golubkova; editing by Michael Perry and Edmund Blair)

Source: OANN

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FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat
FILE PHOTO: A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/File Photo

April 26, 2019

(Reuters) – India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington’s refusal to exempt it from new steel and aluminum tariffs, New Delhi decided in June last year to raise the import tax from Aug. 4 on some U.S. products including almonds, walnuts and apples.

But since then, New Delhi has repeatedly delayed the implementation of the new tariff.

Trade friction between India and the U.S. has escalated after U.S. President Donald Trump announced plans earlier this year to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

In a further blow, U.S. on Monday demanded buyers of Iranian oil stop purchases by May or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers including India to continue importing limited volumes.

(Reporting by Manoj Kumar in New Delhi and Kanishka Singh in Bengaluru; Editing by Anil D’Silva and Raissa Kasolowsky)

Source: OANN

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One of Joe Biden’s newly-hired senior advisers has seemingly had a very recent change of heart.

Symone Sanders, a prominent Democratic strategist and Sen. Bernie Sanders, I-Vt., staffer in 2016, was announced as one of the big-name members of Team Biden on Thursday.

But Sanders, who has also served as a CNN contributor, is seen in resurfaced footage from November 2016 expressing her opposition to a white person leading her party after Donald Trump’s election.

“In my opinion, we don’t need white people leading the Democratic party right now,” Sanders told host Brianna Keilar during a discussion on Howard Dean potentially becoming DNC chairman.

BIDEN HIRES FORMER BERNIE SANDERS’ SPOKESPERSON AS SENIOR ADVISER

“The Democratic party is diverse, and it should be reflected as so in leadership and throughout the staff, at the highest levels. From the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” she said.

Sanders wrapped up her remarks by saying: “I want to hear more from everybody. I want to hear from the millennials and the brown folks.”

Footage of the interview was resurfaced by RealClearPolitics.

After news of her hiring broke on Thursday, Sanders backed her new boss on Twitter.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG

“@JoeBiden & @DrBiden are a class act. Over the course of this campaign, Vice President Biden is going to make his case to the American ppl. He won’t always be perfect, but I believe he will get it right,” she wrote.

The hiring of Sanders has been viewed as another indication of the expected tough fight that Biden and Sanders are in for as the two frontrunners battle a deep Democratic field.

While Sanders himself didn’t torch Biden as he jumped into the race, it’s clear that many of his progressive supporters view the former vice president as a threat.

Biden’s entry into the race – at least in the early going – sets up a battle between himself and Sanders, who thanks to his fierce fight with eventual nominee Hillary Clinton for the 2016 Democratic nomination, enjoys name ID on the level of the former vice president.

BIDEN VOWS THAT ‘AMERICA IS COMING BACK,’ SPARKING ‘MAGA’ COMPARISONS

Justice Democrats — who also called Biden “out-of-touch” – is an increasingly influential group among the left of the party. They’ve championed progressive Rep. Alexandria Ocasio-Cortez of New York as well as Sanders. The group was founded by members of Sanders 2016 presidential campaign.

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

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

Former Democratic National Committee chair Donna Brazile – a Fox News contributor – highlighted that “Joe Biden can occupy his own lane in large part because he’s earned it. He’s earned the right to call himself whatever.”

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But she emphasized that “elections are not about the past, they’re about the future…I do believe he has the right ingredients. The question is can he find enough people to help him stir the pot.”

Fox News Andrew O’Reilly contributed to this report.

Source: Fox News Politics

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