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Texas boy, 9, missing since 2017 found in Florida

Investigators in Florida said Saturday they had located a 9-year-old Texas boy who had not been seen since the end of 2017.

Joshua Graham was found in Sanford with his father, Kenneth, as police were investigating a report of a suspicious vehicle at around 6:30 a.m.

The investigators said Kenneth Graham, 52, left Texas without telling his wife. They also said Kenneth Graham had previously lived in Tallahassee, Fla., and they assumed that he was taking Joshua there.

Joshua's mother was granted sole custody of the boy in February 2018 and Joshua was reported missing and "abducted by non-custodial parent" this past Tuesday.

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"Regardless of the circumstances, the feelings of loss and devastation are indescribable when any child is taken from a parent," Sanford Police Chief Cecil Smith said in a statement. "The officers and investigators involved in this case are delighted to have played a significant role in reuniting this mother with her child after two long years. I am proud that the officers responding to this call quickly identified that something didn't seem right and those instincts led to this happy conclusion."

Joshua was placed in the custody of Child Protective Services pending reunification with his mother. Sanford police said Kenneth Graham may face criminal charges in Texas at a later date.

Click for more from Fox35.com.

Source: Fox News National

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U.S. energy exports a lever in trade talks with China: Perry

U.S. Energy Secretary Rick Perry attends a news conference after meeting with Iraqi President Barham Salih in Baghdad
FILE PHOTO: U.S. Energy Secretary Rick Perry attends a news conference after meeting with Iraqi President Barham Salih in Baghdad, Iraq December 11, 2018. REUTERS/Thaier al-Sudani

March 11, 2019

By Timothy Gardner

WASHINGTON (Reuters) – Rapidly expanding exports of U.S. fossil fuels, including liquefied natural gas (LNG), serve as leverage in trade negotiations with China, Energy Secretary Rick Perry said on Monday.

“It’s part of the mix, it may not be the driver, but it’s always hanging out there as part of the matrix,” Perry said in an interview on CNBC. “America now has the ability to use that in a very positive way when it comes to trade negotiations.”

When asked if U.S. energy was a lever in the talks, Perry said, “Yeah, sure it is.” U.S. technology on renewable energy and small modular nuclear reactors is also part of what Washington can use as leverage, he said.

The United States is the world’s fastest-growing exporter of LNG and China is the fastest-growing importer of the fuel. Natural gas emits far less unhealthy pollution and carbon dioxide, the main greenhouse gas, when burned.

While the U.S. LNG business is booming, shipments are controlled by private companies. Perry did not explain how leverage could be used, but the Trump administration could conceivably prolong tariffs or take other measures if China, or other major buyers, place tariffs on U.S. oil or LNG exports or energy technology.

The governments of the world’s two largest economies have been locked in a tariff battle for months as Washington presses Beijing to address long-standing concerns over Chinese practices and policies around technology transfers, market access and intellectual property rights.

The countries are working to achieve a trade deal that matches the interests of both sides and the hopes of the world, including eliminating tit-for-tat tariffs, a senior Chinese official said over the weekend.

The trade war contributed to a 20 percent fall in U.S. shipments of LNG to China last year from the previous year. The shipments also slipped on weak demand for heating amid mild winter weather.

But Perry was confident about the power of U.S. energy abundance and China’s hunger for U.S. LNG, even if all of the more than a dozen U.S. LNG projects being developed were completed.

“As we look at India, as we look at China, these massive economies, we probably need more projects than we’ve got on the books today to be able to meet that demand,” Perry said.

Last month the Federal Energy Regulatory Commission, or FERC, approved Venture Global LNG Inc’s Calcasieu Pass LNG export plant in Louisiana. The company said it had binding 20-year sale and purchase agreements with Royal Dutch Shell Plc and BP.

(Reporting by Timothy Gardner in Washington; Editing by James Dalgleish)

Source: OANN

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In South Korea’s struggling Kia Town, ‘bad jobs’ better than no jobs

FILE PHOTO: Members of Kia Motor's union chant a slogan during a protest against the Gwangju joint-venture project, in Gwangju
FILE PHOTO: Members of Kia Motor's union chant a slogan during a protest against the Gwangju joint-venture project, in Gwangju, South Korea, January 31, 2019. Hong Jae-kwan/Kia Motor's union/Handout via REUTERS/File Photo

April 15, 2019

By Hyunjoo Jin

GWANGJU, South Korea (Reuters) – Park Byung-kyu once led Kia Motor’s union in the city of Gwangju, fighting for labor protections against the powerful, family-run chaebol that dominated the economy during South Korea’s rapid industrialization.

But about 20 years ago, Park was assaulted by unionized workers wielding steel clubs after he campaigned for the rights of temporary workers at another company, leaving him paralyzed on the right side of his body.

The attack also left him disillusioned with the approach of South Korea’s forceful and often militant unions, which have faced increasing criticism for protecting their interests at the expense of other workers.

Now, Park is working for the city of Gwangju on a proposed joint venture with Hyundai Motor Co to build a new low-wage car factory, Hyundai’s first new factory in South Korea in 25 years.

The $616 million plant would create 1,000 jobs, but at less than half the wages of Hyundai’s unionized workers and without many of the privileges they currently enjoy.

“The labor unions with vested interests should change. If not, their interests will be taken away,” said the 53-year-old Park. “Unionized labor should face up to the reality.”

The unions of Hyundai and affiliate Kia Motors, which together form the world’s fifth-largest automaker by volume, have staged strikes and rallies to protest the plant.

They say it will create “bad jobs” and take away production and employment from existing factories.

But in a city that has seen a steady exodus of manufacturing jobs move to low-cost countries, many job seekers say they would work for the plant in a heartbeat.

Employment is a key focus for President Moon Jae-in’s administration as Asia’s fourth-largest economy struggles to create jobs in the face of a slowing China economy, U.S. trade protectionism and increased minimum wages.

The Moon government plans to provide financial assistance to the Gwangju plant, and also introduce similar government-business ventures in two other cities by June.

Officials hope it will lead to a “U-turn” of Korean companies which would otherwise build factories overseas.

“This is a bold experiment to resolve jobs and labor relations problems,” said Park Myung-joon, a senior research fellow at state-funded Korea Labour Institute, who has been involved in the project since its beginning in 2014.

The carmaking venture, the first of its kind in South Korea, is the biggest threat to date for legacy unionized auto workers, who have largely maintained high wages and benefits even with youth unemployment near a record high and the economy sluggish, Park said.

“The expensive union jobs will gradually disappear.”

POOR CITY

The proposed Hyundai factory will offer annual wages of 35 million won ($31,492) – just over a third of the average 92 million won that existing Hyundai workers earn, but higher than the average 33 million won salaried workers make in Gwangju.

Home to Kia Motor’s largest domestic production facility, Gwangju is South Korea’s No.2 motor city after the southeastern city of Ulsan, generating over 40 percent of its manufacturing output from the auto sector.

Like Ulsan, which has declined as Hyundai production has retreated, Gwangju’s fortunes have waned as Kia’s output fell to its lowest level in eight years last year.

Gwangju is now South Korea’s second-poorest metropolitan city, with average monthly wages some 13 percent below the nationwide average in 2017, according to labor ministry data.

Kim Jae-seung, who studied business management in college, said he is willing to apply for a blue-collar job at the planned plant. “Its wage is still above the average worker’s wage. In that sense, it is not a bad job. It is a good job,” the 32-year-old Kim said at a recent job fair held at the city hall.

Other job seekers in Gwangju interviewed by Reuters said they too were interested given high levels of unemployment among the city’s younger workers.

“There are not many quality jobs out there. Given the current economic situation, I will be thankful for the 35 million won wage,” said Goh Chang-hoon, a 27-year-old law major.

DEFUNCT GERMAN MODEL

Park, the former union leader, first proposed the low-wage factory in 2014 and later took a leave of absence from Kia to work full-time for the city government.

Park said he borrowed the idea from Volkswagen’s now-defunct low-cost division Auto 5000, which was created in 2001 to keep jobs from moving out of Germany. The project came to end in 2009, after the automaker won wage concessions from its powerful and highly paid legacy workers.

The new factory would have an annual capacity of 100,000 mini, gasoline-powered SUVs starting 2021.

Gwangju also hopes to make electric vehicles at the plant in the future, although it has yet to be agreed with Hyundai.

James P. Rooney, an international finance professor at Sogang University in Seoul, said to be successful, the plant should make electric cars.

“The joint venture shouldn’t be thought of a place of getting away from union and high labor cost. It should be based on the product of the future, not product of the past.”

Hyundai said it has decided to participate in the project, because the city, local community and the joint venture pledged to “build collaborative labor relations and maintain proper wage levels”.

“Under such conditions, we believed that we would be able to secure competitiveness when we outsource mini-vehicle production to the newly created corporation,” Hyundai said in a statement to Reuters.

Kim Yong-gu, chief executive of Hyundai Hitech, a Gwangju-based parts supplier for Kia, is hoping the new Hyundai factory will help make up for reduced output at Kia.

Kia’s Gwangju plant produced 455,252 vehicles last year, well short of its production capacity of 620,000.

“Kia can’t make the car with current labor costs,” Kim said.

In addition to lower wages, the joint venture will break away from the union’s tradition of striking almost every year during annual wage talks.

South Korea’s reputation for militant unions and rigid labor practices has long been cited as contributing to high labor costs and a persistent discount for corporate Korea.

To make up for lower pay, Gwangju plans to build 1,100 homes as well as daycare and gym facilities in the factory complex, with the central government’s help.

WHITE ELEPHANT?

The plan is not without its critics, who question the wisdom of adding another plant at a time when automakers are grappling with excess capacity amid sluggish domestic demand, falling exports to the United States and weak sales in China.

Auto production in South Korea is expected to fall to 3.65 million vehicles this year, just three quarters of total capacity of 4.66 million vehicles, auto unions say.

They also argue the project is politically motivated, with Gwangju long a political stronghold of Moon’s liberal government.

“We have been agonizing over how to create jobs at a time when low growth and low employment have become structural issues,” Jung Tae-ho, the presidential job secretary, said at a recent briefing.

“The project will be key to revitalizing the struggling local economy.”

Local officials acknowledge the plan is not the panacea to all the problems Korea’s manufacturing industry faces, but say it can show one path forward.

“This is not just about creating jobs in Gwangju, but about addressing Korean Inc’s structural problems of low growth, low employment and high cost,” Gwangju Mayor Lee Yong-sup told Reuters. “Korea Inc needs a breakthrough.”

(Reporting by Hyunjoo Jin; Additional reporting by Edward Taylor in FRANKFURT; Editing by Soyoung Kim and Lincoln Feast.)

Source: OANN

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Israel’s election exposes its deep political divisions

Prime Minister Benjamin Netanyahu's apparent election victory has deepened the divisions in an already-divided country.

Bolstered by his base of religious and working-class voters, Netanyahu can be expected to press ahead with a hard-line agenda that will likely eliminate the last hopes of a two-state solution with the Palestinians. A looming indictment in a series of corruption scandals could even accelerate these trends.

For all the talk of unity from political leaders during the campaign, Israel is a deeply tribal country. People are divided between Jews and Arabs; religious Jews and secular Jews; Jews of European ancestry and those of Middle Eastern heritage; and residents of the secular, high-tech metropolis of Tel Aviv and people from dusty, outlying towns, West Bank settlements and the conservative capital of Jerusalem.

Netanyahu, himself a secular, U.S.-educated millionaire with a propensity for cognac and cigars, has nonetheless aligned himself with downtrodden Jewish Israelis with whom he would seem to have little in common. Portraying himself as a victim of the country's "elites," Netanyahu is seen as their hero.

"Netanyahu is the best prime minister the state of Israel has ever had, and we will continue to support him," said Alon Davidi, mayor of the southern town of Sderot.

Just two weeks ago, Davidi's town was dealing with around-the-clock air raid sirens as Palestinian militants in the neighboring Gaza Strip were bombarding southern Israeli communities with rocket fire.

It's a scene the residents of southern Israel have gotten used to since the Hamas militant group seized power in Gaza 12 years ago. It's also a constant source of frustration. Residents complained about Netanyahu's inability to stop the rockets and were furious over his latest behind-the-scenes cease-fire deal with Hamas.

But given a chance to change things in Tuesday's election, residents of Sderot voted overwhelmingly for Netanyahu's Likud party and its religious and nationalist allies.

"We are intelligent people," Davidi told the Army Radio station. "We are people who know how to appreciate everything that's done for us, and I think that Netanyahu and all the right-wing parties are doing what they can do and what they believe."

In Sderot, whose population is largely working class, religious and of Mizrahi, or Middle Eastern, descent, Netanyahu's Likud received 44% of the vote, compared with 9% for the rival Blue and White party, according to official election data. More than 80% of Sderot voted for Likud and its religions and nationalist allies.

Similar thinking took place across Israel. A look at the electoral map showed Likud and its allies sweeping the vote in smaller, outlying cities and towns, West Bank settlements and in Jerusalem, whose population is largely poor and religious.

In contrast, Blue and White, led by former military chief Benny Gantz, coasted to victory in Tel Aviv, the country's prosperous commercial and cultural center, as well as the nearby suburbs that are home to a more professional and affluent population.

On the campaign trail, Gantz sought to project an image of decency and virtue, taking aim at the corruption investigations swirling around Netanyahu and promising a clean and honest government.

In contrast, the 69-year-old Netanyahu, facing the strong likelihood of criminal charges in the coming months, sounded very much like his friend President Donald Trump. He frequently portrayed himself as the victim of a "witch hunt" and accused Gantz of conspiring with politicians from the country's Arab minority to topple him. Even after a decade in office, Netanyahu marketed himself as the outsider.

These different approaches were on display on election night, when preliminary results showed a close race and each candidate declared victory.

Gantz's rally looked like a celebration. Netanyahu's felt like a sporting event, with the whipped-up crowd whooping and hollering as if it were at a soccer match. Where Gantz's supporters were excited, Netanyahu's supporters — many wearing Jewish skullcaps and dancing to Mizrahi pop music — were ecstatic. His speech included a Jewish prayer and a Trump-like swipe at the "hostile" media.

Netanyahu's opponents finally conceded defeat Wednesday, acknowledging that he and his traditional allies control a solid majority in the 120-seat parliament.

But the process of building a coalition can require weeks of negotiations, and his smaller partners will be looking to extract control of powerful government ministries and generous budgets to promote their pet causes.

Thanks to Netanyahu's legal woes, these smaller partners have some added leverage. They will likely use Netanyahu's fear of indictment to their advantage as he seeks promises to protect him from prosecutors, perhaps by pushing legislation granting him immunity.

Netanyahu veered sharply to the right on the campaign trail to shore up support of his base, promising to begin annexing West Bank settlements if re-elected. Netanyahu's allies will try to hold him at his word.

"The new Netanyahu government will have two main goals: to get rid of the indictments looming in his future and to annex the settlements to Israel, in coordination with the Trump administration. These two goals could be summed up as 'immunity in exchange for sovereignty,'" wrote Aluf Benn, editor of the Haaretz daily.

The annexation of Israeli settlements could spell the end for any remaining hopes of establishing an independent Palestinian state alongside Israel.

Ben-Dror Yemini, a columnist for the Yediot Ahronot daily, urged Netanyahu to consider a "unity" government with Gantz instead of caving in to the "extortion" of small hard-line parties.

"Which is the better choice: to save the country or to sanctimoniously insist that 'promises must be kept?'" he wrote.

Such a scenario seems unlikely. After decades of doing things his way, Netanyahu seems unlikely to reach across the aisle unless he has no choice.

As he put it at his late-night victory rally: "I'll start by assembling a right-wing government with our natural allies tonight."

___

EDITOR'S NOTE: Josef Federman, the AP's bureau chief for Israel and the Palestinian territories, has covered the region since 2003.

Source: Fox News World

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Bulk of Mueller cases against Trump associates based on false statements

After Special Counsel Robert Mueller’s exhaustive probe concluded -- complete with 2,800 subpoenas, 500 search warrants and 500 interviews -- Trump allies stressed that not only did the investigation find no evidence of collusion with Russia, but most of the resulting criminal cases against campaign figures were largely based on false statements made either during the investigation or to Congress.

Of the six Trump campaign associates indicted in Mueller’s sprawling investigation, five were charged with violating U.S.C. 1001—or making false statements.

READ THE MUELLER REPORT FINDINGS: BARR'S LETTER TO CONGRESS

They include: former Trump campaign foreign policy adviser George Papadopoulos; former White House national security adviser Michael Flynn; former Trump campaign aide Rick Gates; former Trump personal attorney Michael Cohen; and former Trump adviser Roger Stone.

Former campaign manager Paul Manafort was the only Trump associate not charged with making false statements -- but rather on foreign lobbying, witness tampering and bank and tax fraud. Manafort is set to serve 81 months in prison.

Joe diGenova, a former U.S. attorney who has advised Trump on the probe, said that the false-statement charges show "Mueller overreached on his charging in order to get some skin."

Referring to cases against Papadopoulos, Flynn and others, he said, "those process crimes were about no underlying illegal activity" and the cases represent "an abuse of prosecutorial discretion."

The power to charge for false statements amounts to an important tool for federal investigators, helping to compel key witnesses to tell the truth or face consequences. But in the absence of a conspiracy case, critics suggested the numerous perjury-related charges in the Mueller probe merit scrutiny.

“It’s not at all a measure of success for an investigation that they were throwing out false statements charges like candy. It’s a far cry from where they started—which was looking for collusion,” former Justice Department senior official James Trusty told Fox News. “I think this whole phenomenon of finding out that people had not committed any crimes, but then tripping them up on lies and prosecuting them for a federal felony, I think that whole phenomenon deserves some scrutiny.”

Flynn pleaded guilty to making false statements about his conversations with former Russian Ambassador Sergey Kislyak in December 2017, but has not yet been sentenced. Papadopoulos pleaded guilty to making false statements in October 2017 and was sentenced—and served—14 days in prison in September 2018. Gates, who also pleaded guilty to false statements and conspiracy, has not yet been sentenced. (Alex van der Zwaan, a London lawyer, also served 30 days in prison last April for a false-statements charge).

TRUMP DOSSIER, MICHAEL FLYNN TESTIMONY, MICHAEL COHEN IN PRAGUE: STORIES THAT FELL FLAT DURING MUELLER PROBE

Stone was hit with several false-statements charges as well as counts of obstruction and witness tampering. He has pleaded not guilty, and his criminal case is ongoing.

Cohen pleaded guilty to making false statements to Congress, as part of Mueller’s investigation, regarding the timeline of a Trump real estate deal in Moscow. Cohen, in August 2017, testified before the Senate Intelligence Committee claiming that communications regarding a potential Trump Tower in Russia ended prior to the Iowa Caucuses in January 2016. Later, Cohen admitted that those communications continued through June 2016, when Trump became the GOP presidential nominee. Cohen also pleaded guilty to a range of bank and tax fraud charges in connection with another investigation by New York federal prosecutors.

Meanwhile, Stone associate Jerome Corsi has said that he was facing accusations of lying to Mueller’s investigators but refused a plea deal, saying the deal itself would constitute a "lie." Corsi was never indicted in the Russia probe.

Trump allies, meanwhile, note that nobody interviewed during the FBI’s investigation into Hillary Clinton’s use of a private email server was hit with false statement charges—even though investigators believed some witnesses were untruthful.

FALSE STATEMENT CHARGES ABOUND IN MUELLER PROBE, IN CONTRAST TO HILLARY CLINTON CASE

According to the report released last June by Justice Department Inspector General Michael Horowitz on the FBI’s handling of the Clinton email investigation, federal prosecutors and FBI agents told the independent watchdog that witnesses in the probe lied during interviews, but that agents and prosecutors did not pursue false statements charges.

In the wake of the Mueller investigation, congressional Democrats continue to focus on the question of obstruction, as Mueller neither exonerated nor accused Trump on that front. Though Attorney General Bill Barr said there was no evidence of such a crime, House Judiciary Committee Jerry Nadler, D-N.Y., challenged that conclusion.

"There must be full transparency in what Special Counsel Mueller uncovered to not exonerate the President from wrongdoing. DOJ owes the public more than just a brief synopsis and decision not to go any further in their work," he tweeted.

Source: Fox News Politics

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Djokovic survives Kohlschreiber scare in Monte Carlo

ATP 1000 - Monte Carlo Masters
Tennis - ATP 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 16, 2019 Serbia's Novak Djokovic celebrates winning his second round match against Germany's Philipp Kohlschreiber REUTERS/Eric Gaillard

April 16, 2019

(Reuters) – World number one Novak Djokovic took out his frustration on the racket in a scrappy performance but did enough to overcome German Philipp Kohlschreiber in a 6-3 4-6 6-4 win in the second round of the Monte Carlo Masters on Tuesday.

The Serb, who received a first round bye, clinched the first set with penetrating groundstrokes from the baseline but struggled with his serve in the second and serving at 2-3 down was forced to save two break points.

On the third break point opportunity for Kohlschreiber, Djokovic inexplicably hit a backhand volley wide to put his opponent 4-2 ahead.

A furious Djokovic went on to smash his racket three times on the court and was met with a chorus of boos from the spectators.

Two-times winner Djokovic would go on to drop his serve for the fourth time in the set but regained his composure with an early break in the decider.

He maintained the advantage to avenge his Indian Wells second-round defeat by Kohlschreiber last month.

“There were lots of ups and downs. It was not the prettiest of matches,” Djokovic, who record his 850th tour-level win, said.

“He played well, but a win is a win. This was a tough first match of the clay season.

“I had to figure out how I needed to move, this kind of match can be expected. It was probably good for me to spend so long on the court.”

Argentine Guido Pella knocked out seventh seed Marin Cilic, beating the Croatian 6-3 5-7 6-1.

The defeat left 2014 U.S. Open winner Cilic with just one victory from five matches since January’s Australian Open, where he was knocked out in the fourth round.

(Reporting by Hardik Vyas in Bengaluru, editing by Pritha Sarkar)

Source: OANN

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Weary EU set to give yet more time for Brexit

Rally held by The People's Vote in London
A man waves a European flag at a rally held by The People's Vote, calling for another Brexit referendum, ahead of an EU summit, in London, Britain, April 9, 2019. REUTERS/Gonzalo Fuentes

April 9, 2019

By Alastair Macdonald and Gabriela Baczynska

BRUSSELS/LUXEMBOURG (Reuters) – Brexit will not be on Friday, EU leaders will confirm when they meet British Prime Minister Theresa May at another crisis summit on Wednesday, but diplomats said they are still wrestling on how long it might be delayed and under what conditions.

May, still unable to find a parliamentary majority to back the orderly departure deal she negotiated with Brussels, shuttled to Berlin and Paris for pre-summit talks, while EU ministers gathered in Luxembourg to prepare Wednesday’s meeting.

Two weeks after a summit at which the other 27 EU leaders granted London a fortnight’s grace from the original departure deadline until April 12, EU ministers said May had failed to meet their conditions for a further extension – namely to show them a plan for using additional time to avoid crashing out.

Yet EU diplomats said there was no appetite around the table to drop the axe on Britain just yet. They said that talks, which were to continue among national envoys in Brussels later on Tuesday, were now focused on a proposal from summit chair Donald Tusk to give Britain up to a year longer to organize its withdrawal.

“People are tired and fed up – but what to do?” one said. “We won’t be the ones pushing the UK off the cliff edge.”

However, a long extension would entail Britain holding an election on May 23 to return lawmakers to the new session of the European Parliament, which starts on July 2. The EU would also like to limit Britain’s ability to influence key decisions, such as on the bloc’s new executive leadership or budget, if it stays for longer – though that would be far from easy to do legally.

A nine-month extension to Dec. 31 was gaining favor, diplomats said. But officials are also trying to come up with ways to pressure the British to take a decision sooner rather than later – in part, by offering a long delay that pro-Brexit critics of May’s deal fear might mean Brexit never happens.

EXTENSION? WHAT FOR?

Michel Barnier, the EU’s Brexit negotiator, told reporters after briefing ministers in Luxembourg: “Any extension should serve a purpose. The length should be proportional to the objective. Our objective is an orderly withdrawal.

“No-deal will never by the EU’s decision,” he added. “In order to avoid no-deal, the UK needs to agree to a deal.”

An aide to French President Emmanuel Macron, who has taken a lead in pushing for the Union to be ready to show Britain the door if its parliament cannot ratify a withdrawal deal, said a full year would be too long. The aide stressed that Britain could be subject to reviews of its behavior to ensure it did not disrupt the bloc from within.

May has renewed the request she made last month for an extension to June 30, saying that talks she launched last week with her Labour opponents gave her a chance of ratifying her Brexit deal after three previous defeats in parliament.

EU leaders would much prefer Britain to be out by May 22, before the elections, and will insist on Britain holding its own vote on May 23, even if it expects to have left before the new EU legislature sits in July. May has planned for a contingency of giving six weeks’ notice by Friday of an EU election.

Belgian Prime Minister Charles Michel will host a meeting of Britain’s closest neighbors, the ones who would be hardest hit by the disruption of a no-deal Brexit, just ahead of the summit. Officials expect the French, Dutch, Danish and Swedish leaders to attend – in principle to coordinate on trade arrangements, but also to discuss objectives for the summit in the evening.

May is due to address the 27 at 6:30 p.m. (1630 GMT) before leaving the room while the others discuss over dinner whether and how to postpone Friday’s deadline for Britain’s departure.

“Things are fluid,” a senior EU diplomat said. Leaders were meeting and calling each other across the continent, trying to coordinate, leaving the summit outcome still very uncertain.

(Writing by Alastair Macdonald; Editing by Mark Heinrich)

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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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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