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Navy: 1 hurt in domestic shooting at base, shooter killed

Navy officials say a male sailor shot and wounded a female sailor assigned to the same squadron before security personnel at a Virginia base fatally shot him.

Naval Air Station Oceana's commanding officer, Capt. Chad Vincelette, said in a statement that the domestic shooting took place early Friday in a parking lot outside a hangar at Strike Fighter Squadron 37.

Vincelette says the woman was shot several times and is hospitalized with non-life-threatening injuries.

Vincelette says both sailors were assigned to the squadron, but their identities won't be immediately released. He says officials will investigate how the sailor got a weapon onto the base, which has a no-weapons policy, and the motive behind the shooting.

The station is the Navy's master jet base for fighters on the East Coast.

Source: Fox News National

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Restrictions placed on bishops accused of sexual harassment

Catholic church officials say they are imposing ministerial restrictions on two former bishops accused of sexual harassment.

Baltimore Archbishop William E. Lori announced the action Monday.

He says officials have completed an investigation into claims that former West Virginia bishop Michael J. Bransfield sexually harassed adults and committed financial improprieties.

Bransfield won't be allowed to perform any priestly or episcopal ministry in the Archdiocese of Baltimore and the Diocese of Wheeling-Charleston pending the final assessment of the Holy See.

Lori also says former bishop Gordon Bennett is prohibited from any priestly or episcopal ministry duties in the Archdiocese of Baltimore and the Diocese of Wheeling-Charleston.

Bennett served in Baltimore, Maryland and in Mandeville, Jamaica. He resigned in 2006 after being accused of sexually harassing a young adult.

Source: Fox News National

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Algerian president names new government, keeps army chief

Algeria's powerful army chief has retained his post in a newly-named government despite his call to have ailing President Abdelaziz Bouteflika declared unfit for office.

Algerian national television announced Sunday night that Bouteflika and Prime Minister Noureddine Bedoui named a new government after weeks of mass protests and political tensions in this gas-rich North African country.

The new government notably keeps Ahmed Gaid Salah as army chief of staff and vice defense minister.

Gaid Salah shocked the nation with his call last week for the constitutional council to set in motion a process to end Bouteflika's 20-year presidency. Gaid Salah suggested Saturday that unnamed figures were plotting against him.

Millions of Algerians have been holding weekly protests demanding Bouteflika leave office.

Source: Fox News World

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Sports Direct opposes any Debenhams plan that wipes out equity

FILE PHOTO: Shoppers walk past a window display at the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past a window display at the Debenhams department store on Oxford Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo

March 25, 2019

LONDON (Reuters) – British sportswear group Sports Direct said any restructuring option pursued by Debenhams that could result in no equity value for the department store group’s shareholders “is not a workable solution”.

Debenhams said on Friday it was seeking 200 million pounds ($264 million) of additional funds from lenders, allowing it to pursue restructuring options to secure its future. It said some options would wipe out shareholders.

Sports Direct, controlled by founder and Chief Executive Mike Ashley, is Debenhams’ largest shareholder with a near 30 percent stake.

“If guidance as to what might represent a workable solution for Debenhams could result in no equity value for Debenhams’ current shareholders, from Sports Direct’s perspective and that of Debenhams’ wider stakeholders, that is not a workable solution,” Sports Direct said.

Sports Direct called on Debenhams to reconsider the offers of assistance it had made to the group, which included a 150 million pound loan and the purchase of Debenhams’ Danish business Magasin Du Nord for 100 million pounds.

($1 = 0.7590 pounds)

(Reporting by James Davey; Editing by Edmund Blair)

Source: OANN

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Putin tells Netanyahu Russia found remains of missing Israeli soldier

Russian President Vladimir Putin, shakes hands with Israeli Prime Minister Benjamin Netanyahu, during their meeting in the Kremlin in Moscow
Russian President Vladimir Putin, shakes hands with Israeli Prime Minister Benjamin Netanyahu, during their meeting in the Kremlin in Moscow, Russia, April 4, 2019. Alexander Zemlianichenko/Pool via REUTERS

April 4, 2019

MOSCOW (Reuters) – President Vladimir Putin told Israeli Prime Minister Benjamin Netanyahu on Thursday that Russian special forces troops in Syria had found the remains of a U.S.-born Israeli soldier missing since 1982, allowing him to be finally buried.

The disappearance of Zachary Baumel, who was 21 when he fought in Israel’s invasion of Lebanon and was declared missing in action along with two other soldiers in the Battle of Sultan Yacoub, has long troubled Israel.

Speaking at talks with Netanyahu in Moscow, Putin was cited by Russian news agencies as saying that it had been a tough task to locate his remains.

“Our soldiers together with Syrian partners established his resting place. We are very happy that they will be able to give him the necessary military honors at home,” Putin was quoted as saying.

Baumel immigrated to Israel with his parents from New York in 1970.

Netanyahu was quoted as saying that he had asked Putin to help Israel find Baumel’s remains two years ago, that he was grateful to the Russian leader for his help, and that Baumel would be buried in Israel later on Thursday.

“I am grateful to you Mr President for your personal friendship, for your position,” the TASS news agency cited Netanyahu as saying. “We share common values.”

(Reporting by Tom Balmforth; editing by Andrew Osborn)

Source: OANN

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China video-streaming firm iQIYI targets raising $1.1 billion in convertible bonds

iQiyi Inc., logo is displayed on screen during company's IPO at Nasdaq Market Site in New York
The logo for Chinese streaming platform iQiyi Inc., is displayed on a screen during the company's initial public offering (IPO) at the Nasdaq Market Site in New York City, U.S., March 29, 2018. REUTERS/Brendan McDermid

March 26, 2019

By Julia Fioretti

HONG KONG (Reuters) – Chinese video-streaming service iQIYI Inc is looking to raise $1.05 billion in convertible bonds, the latest example of the growing popularity of the instrument among newly listed Chinese tech companies.

iQIYI announced the sale of its six-year convertible bonds on Tuesday, without disclosing the terms.

A term sheet seen by Reuters showed the bonds were being marketed with an indicative coupon range of between 2 percent and 2.5 percent. The company is hoping to lower its borrowing costs compared to its last convertible bond which had a shorter tenor and higher coupon.

The deal also has an over-allotment, or greenshoe, option of up to $150 million, meaning the total size could reach $1.2 billion.

Convertible bonds are a cheaper funding avenue due to their lower coupons in exchange for giving the bondholder the option of converting the debt into company shares at a set price in future. The bonds give investors fixed returns and the equity link provides the prospect of profiting from a rise in the issuer’s share price.

Sales of convertible bonds hit their highest level in Asia since the financial crisis last year, with $35.5 billion raised, according to Refinitiv data, driven by market volatility and rising borrowing costs.

iQIYI was offering a conversion premium of between 27.5 percent and 32.5 percent, according to the term sheet.

Its shares closed at $24.02 on Monday, almost half of their record high of $46.23 hit in June.

It is the second time the Netflix-like streaming service is selling a convertible bond, both within a year of its $2.4 billion Nasdaq initial public offering (IPO) in March 2018. In November it sold a $750 million five-year convertible bond with a coupon of 3.75 percent.

Technology companies in search of growth capital have increasingly turned to convertible bonds as a way of raising cheaper debt, given the companies are often unrated and have more volatile stock prices.

Electric vehicle maker NIO raised $650 million in a five-year convertible bond earlier this year, only four months after it went public in New York.

Bank of America Merrill Lynch, Goldman Sachs and JPMorgan are joint bookrunners for iQIYI’s deal.

The deal will price after New York markets close on Tuesday.

(Reporting by Julia Fioretti; Editing by Muralikumar Anantharaman)

Source: OANN

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Myanmar military court to probe Rohingya atrocity allegations

A Myanmar soldier patrols in a boat at the Mayu river near Buthidaung in the north of Rakhine state, Myanmar
FILE PHOTO: A Myanmar soldier patrols in a boat at the Mayu river near Buthidaung in the north of Rakhine state, Myanmar September 13, 2017. REUTERS/Stringer

March 18, 2019

YANGON (Reuters) – Myanmar’s army said on Monday it had set up a military court to investigate its conduct during a crackdown on the Rohingya Muslim minority in 2017 that forced more than 730,000 to flee to neighboring Bangladesh.

The court comprising a major-general and two colonels will investigate events in western Myanmar’s Rakhine state in August 2017, the military said in a statement posted on the website of Senior General Min Aung Hlaing, the army commander-in-chief.

“The information is released that the investigation court was formed with the following persons to further scrutinize and confirm the respective incidents,” the military said.

The court will respond to allegations made by the United Nations and rights groups Amnesty International and Human Rights Watch accusing security forces of mass killings, rape and arson.

Myanmar forces launched their offensive in Rakhine State in response to a series of attacks by Rohingya insurgents on security posts near the Bangladesh border.

A U.N. fact-finding mission last year said the military campaign was orchestrated with “genocidal intent” and recommended charging Min Aung Hlaing and five other generals with the “gravest crimes under international law”.

Myanmar has denied the accusations of murder, rape and other abuses by its forces though Min Aung Hlaing said last month “a number of security men may have been involved”.

A previous military investigation in 2017 exonerated the security forces of any crimes.

The new court is “another bad faith maneuver” to fend off international pressure, said Nicholas Bequelin, Southeast Asia and Pacific Director of Amnesty International.

“The military stands accused of the gravest crimes under international law and has shown no sign of reform,” he said.

“The idea that the Tatmadaw could investigate itself and ensure justice and accountability is both dangerous and delusional,” Bequelin added, referring to the army.

The military information unit did not immediately respond to a Reuters request for comment.

Myanmar is facing growing international calls for accountability over the Rakhine campaign.

The International Criminal Court has opened a preliminary examination into the violence, while a commission of enquiry formed by Myanmar and including Filipino diplomat Rosario Manalo and Kenzo Oshima, Japan’s former ambassador to the U.N., is due to publish its findings this year.

The creation of the military court was based on assessments and suggestions from the military-appointed Judge Advocate-General, as well the allegations contained in human rights reports, according to the army statement.

(Editing by Darren Schuettler)

Source: OANN

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Hundreds of Cuban migrants are reported to be on the run Friday in Mexico after a crowd of more than 1,000 burst out of a troubled immigration detention center on its southern border.

Mexico’s National Immigration Institute said the mass escape Thursday in Tapachula – which the Associated Press called the largest in recent memory — involved around 1,300 Cuban migrants, although 700 of them have since returned voluntarily.

The migrants reportedly streamed out of the compound without any resistance, as the institute said its agents weren’t armed and “there was no confrontation.”

Federal police with riot shields later rushed in to control the situation, as a crowd of angry Cubans whose relatives were being held at the facility gathered outside. The Cubans claimed their relatives reported overcrowding and unsanitary conditions at the facility.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout. (AP)

BORDER PATROL UNION CHIEF BLASTS CONGRESS OVER MIGRANT CARAVANS: ‘WHAT ARE YOU DOING ABOUT IT’?

“My wife and child have been in there for 27 days in bad conditions,” said Usmoni Velazquez Vallejo, as he waited outside for news. “There is overcrowding, insufficient food and there isn’t even medicine for them.”

Another Cuban detainee told the AFP: “We have many there… we are very tight, we sleep on the floor.”

It’s the third time since October that migrants at the facility staged an uprising, according to the news agency.

The center’s holding capacity is officially listed at less than 1,000 people, but the escape of 1,300 meant it was probably at least at double its capacity, since not everyone being held there escaped. Residents in the area said that sometimes the facility has held as many as 3,000 people, and a Mexican newspaper cited by Reuters said Haitians and Central Americans also are among the large group who still have not been tracked down.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday. (AP)

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Earlier in the day, Mexico’s top human rights official toured the facility.

Elsewhere in the country, a new caravan estimated to contain up to 10,000 migrants is making its way to the U.S.-Mexico border.

The Associated Press contributed to this report.

Source: Fox News World

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Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

April 26, 2019

(Reuters) – Exxon Mobil Corp on Friday reported first-quarter profit fell sharply on lower oil and gas prices and weakness in its refining and chemicals businesses that offset modest production gains.

The largest U.S. oil producer’s first quarter earnings fell to $2.35 billion, or 55 cents a share, from $4.65 billion, or $1.09 a share, a year ago.

Analysts had expected Exxon to earn 70 cents per share, according to Refinitiv Eikon estimates.

Shares were trading down about 2.7 percent in premarket trading on Friday.

Exxon’s oil equivalent production rose 2 percent to 4 million barrels per day, up from 3.9 million bpd in the same period the year prior. The company said its output in the Permian Basin, the largest U.S. shale basin, rose 140 percent over a year ago.

(Reporting by Jennifer Hiller; Editing by Chizu Nomiyama)

Source: OANN

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The Washington Post’s media critic went into meltdown after White House Press Secretary Sarah Sanders held a mock press briefing for the children of White House journalists and employees on Take Your Daughters and Sons to Work Day.

Erik Wemple, the newspaper’s chief media critic, slammed Sanders and the White House for organizing a fun day on Thursday for junior would-be journalists, while not holding an actual press conference for the record number of days.

WHITE HOUSE STAFF TO SKIP CORRESPONDENTS’ DINNER AFTER LAST YEAR’S CONTROVERSY

Wemple wrote that Sanders gave to children an important lesson of “the centrality of nonaccountability mechanisms in the affairs of state” after she announced that the mock press briefing was “off the record.”

“When the children head home tonight, perhaps they can pull up archival footage to see how their questions stack up against ye olde press briefings,” he added.

“Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

— Erik Wemple

“Tuesday, after all, marked a record for number of days without a White House press briefing. Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

While some correspondents praised the White House for doing “a lot of work to welcome the children and provide “them an excellent experience,” other journalists echoed Wemple’s criticism and pointed out that Sanders hasn’t held a press briefing in over 40 days.

“Kids of WH Press Corps members are getting ready for a briefing with  @PressSec. Their parents have not had one in 45 days,” tweeted CBS News’ White House Correspondent Weijia Jiang.

REPORTER SHOUTS AT SARAH SANDERS AFTER BRIEFING: ‘DO YOUR JOB, SARAH!’

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time,” another correspondent quoted by the Post said.

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time.”

— a White HOuse Correspondent

The Post struck a different tune in a column earlier this year, which declared that despite the administration’s criticism of the media, President Trump was “extremely accessible.”

Wemple quoted Martha Joynt Kumar, director of the White House Transition Project, who said that Trump held 338 “short question-and-answer” sessions over his time in office, significantly more than 75 such sessions by former President Barack Obama during his first full two years in office.

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In terms of total instances of access to the media, which include interviews, short sessions, and news conferences, Trump was accessible least 577 times in his first two years in office.

Source: Fox News Politics

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The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown.

The advance in the gross domestic product, the broadest measure of economic health, marks an acceleration from a 2.2% gain in the previous October-December period. However, about half the gain reflected two factors not expected to last — a big jump stockpiling by businesses and a sharp contraction in the trade deficit.

Still, the GDP gain surpassed the 3% bar set by President Donald Trump as evidence his economic program is working. Trump is counting on a strong economy as he campaigns for re-election.

Source: Fox News National

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A Baha’i advocacy group has expressed concerns over the fate of minority Baha’is at the hands of Yemen’s Houthi rebels ahead of the appeals hearing for one of the community leaders sentenced to death.

The Baha’i International Community said in a statement Friday that the hearing for Hamed bin Haydara, detained in 2013 and sentenced to death last year on espionage and apostasy charges, is due on Tuesday.

The statement quotes Bani Dugal, the Baha’i community representative at the United Nations, as saying the prosecution hasn’t addressed Haydara’s appeal but is instead making “absurd, wide-ranging accusations.”

International rights groups have decried the prosecution of Yemeni Baha’is by the Iran-backed Houthis.

Iran has banned the Baha’i religion, which was founded in 1844 by a Persian nobleman considered a prophet by followers.

Source: Fox News World

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