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Xerox says exploring potential deal for financing business

The company logo for Xerox is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid

March 18, 2019

(Reuters) – Xerox Corp on Monday said it is exploring the possibility of a “strategic transaction” involving its customer financing business.

Reuters reported last July that Xerox was considering the sale of a leasing unit that lends money to customers to rent printers and equipment. [https://bit.ly/2O9klBP]

(Reporting by Sonam Rai and Sayanti Chakraborty in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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US man tried to steal item from Auschwitz death camp, authorities say

An American visitor to the former Auschwitz-Birkenau death camp attempted to steal a metal part of the historic rail tracks where prisoners were unloaded, officials said Sunday.

The 37-year-old man has been charged with attempted theft of an item of cultural importance, according to Malgorzata Jurecka, a police spokeswoman in the southern Polish town of Oswiecim, which was under German occupation during World War II. The crime can be punished with up to 10 years in prison.

Jurecka said the man admitted his guilt but has been released as he awaits further steps.

Pawel Sawicki, a spokesman for the Auschwitz-Birkenau state museum, said the memorial museum's security team became aware that the man was trying to remove the metal element on the historic rail tracks and then alerted police.

US VICE PRESIDENT MIKE PENCE MAKES HIS FIRST AUSCHWITZ VISIT

The memorial site has faced multiple attempts of theft and vandalism in recent years. The most dramatic case was the 2009 theft of the sign with the Nazi slogan "Arbeit Macht Frei" ("Work Will Set You Free") at the death camp's main gate. It was found cut into pieces and was eventually repaired and stored in a safe place. A replica is now in its place.

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Some 1.1 million people were killed during World War II at Auschwitz-Birkenau, the most notorious of Nazi Germany's death camps. Most of the victims were Jews but many Poles, Roma, Soviet POWs and others were also killed there.

Source: Fox News World

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French prosecutor opens preliminary investigations over Benalla affair

Alexandre Benalla attends a hearing by senators from France's upper house at the Senate in Paris
Alexandre Benalla, French President Emmanuel Macron's former senior security officer, leaves after a hearing by senators from France's upper house at the Senate in Paris, France, January 21, 2019. REUTERS/Charles Platiau

April 8, 2019

PARIS (Reuters) – The Paris prosecutor has opened a preliminary investigation into alleged perjury related to the so-called “Benalla scandal” involving former and current officials from President Emmanuel Macron’s administration.

The prosecutor did not make clear in its statement who was targeted by the investigation.

However, it said it had opened the probe at the request of the Senate, where lawmakers had suspicions about statements made under oath there by Alexandre Benalla, Macron’s ex-security aide, Vincent Crase, a former staffer Macron’s party, Patrick Strzoda, Macron’s chief of staff.

The Senate had also flagged Alexis Kohler, the presidency’s top official, as well as Lionel Lavergne, the head of his security staff, to the prosecutor’s office for having “withheld information” from a parliamentary investigation.

(Reporting by Michel Rose and Emmanuel Jarry; Editing by Leigh Thomas)

Source: OANN

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Moderate earthquake shakes Hawaii's Kilauea volcano

The U.S. Geological Survey says a magnitude-5.5 earthquake has hit the southern flank of Hawaii's Kilauea volcano.

The agnecy reports light to moderate shaking was felt across the Big Island and Maui early Wednesday morning.

There were no immediate reports of damage or injuries.

Kilauea is one of the world's most active volcanos.

It has been quiet for months after an eruption that began last May destroyed more than 700 homes.

The geological survey's Hawaiian Volcano Observatory says the quake had "no apparent effect" on Kilauea volcanic activity.

The earthquake was centered about 7.5 miles (12 kilometers) southeast of Kilauea's summit and was about 4 miles (7 kilometers) deep.

The geological survey says Kilauea's south flank has had 16 earthquakes of at least magnitude-5.0 over the past 40 years.

Source: Fox News National

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MIT Librarian Slams White People For Writing Books

White people are oppressing PoCs because they write a lot of books which “physically” take up too much “space” in our nation’s libraries and “promote and proliferate whiteness with their very existence,” according to academic librarian Sofia Leung of Massachusetts Institute of Technology.

Library Journal shared this article from Leung to their more than 200,000 Twitter followers on Tuesday:

Leung writes in her piece:

In 2017 (yea this goes way back), for a white AF conference, I shared an AirBnB with Vani Natarajan, an amazing librarian of color whose thinking continues to push me and who I respect and admire so much (she was able to convince her library to send their student workers to the Joint Council of Librarians of Color conference – she’s a real one), and we had some really interesting discussions where I learned a lot. One of the mind-blowing things she shared was this idea of how our library collections, because they are written mostly by straight white men, are a physical manifestation of white men ideas taking up all the space in our library stacks. Pause here and think about this.

Truly profound.

Leung continues:

Let me now try to connect all these dots in a coherent way. As others have written (Fobazi Ettarh, Todd Honma, Gina Schlessman-Tarango, etc.), libraries and librarians have a long history of keeping People of Color out. They continue to do so, which you can read more about here and from the others I mentioned above. Legal and societal standards revolve around whiteness and libraries are no different.

If you look at any United States library’s collection, especially those in higher education institutions, most of the collections (books, journals, archival papers, other media, etc.) are written by white dudes writing about white ideas, white things, or ideas, people, and things they stole from POC and then claimed as white property with all of the “rights to use and enjoyment of” that Harris describes in her article. When most of our collections filled with this so-called “knowledge,” it continues to validate only white voices and perspectives and erases the voices of people of color. Collections are representations of what librarians (or faculty) deem to be authoritative knowledge and as we know, this field and educational institutions, historically, and currently, have been sites of whiteness.


Kaitlin Bennett was banned from attending a speech by Bernie Sanders although she was sitting quietly in the audience. Kaitlin joins Alex to discuss how the left keeps proving they really want to control minorities and women.

According to Leung, white people’s very existence is holding POC’s down.

Library collections continue to promote and proliferate whiteness with their very existence and the fact that they are physically taking up space in our libraries. They are paid for using money that was usually ill-gotten and at the cost of black and brown lives via the prison industrial complex, the spoils of war, etc. Libraries filled with mostly white collections indicates that we don’t care about what POC think, we don’t care to hear from POC themselves, we don’t consider POC to be scholars, we don’t think POC are as valuable, knowledgeable, or as important as white people. To return to the Harris quote from above, library collections and spaces have historically kept out Black, Indigenous, People of Color as they were meant to do and continue to do. One only has to look at the most recent incident at the library of my alma mater, Barnard College, where several security guards tried to kick out a Black Columbia student for being Black.

Leung writes in her bio: “I’m a second generation Chinese American and native New Yorker currently living in the Boston area.”

I wonder, are Chinese libraries being filled with Chinese books by Chinese authors evidence of racist hate and “Chinese supremacism”?

That’s the standard here, is it not? Or does this only apply to white people?

Incidentally, the case at Barnard College which Leung had been tweeting about incessantly on Twitter before locking her account, was not actually a story of security guards trying to “kick out a Black Columbia student for being Black.”

They stopped him because he refused to show his ID while entering Barnard’s main gates, as all students are required to do after 11 p.m.

From The Columbia Spectator:

Barnard Public Safety officers pinned Alexander McNab, CC ’19, against a counter after he declined to show his Columbia ID inside the Milstein Center for Teaching and Learning on Thursday night.

According to McNab, who is black, officers first began to follow him into the Milstein Center when he declined to show his Columbia ID at Barnard’s main gates despite entering after 11 p.m., when students are required to show their IDs to Public Safety in order to enter campus. In an interview with Spectator, McNab said he was aware of the rule mandating students show their IDs, but expressed his frustration with what he cited as inconsistent enforcement of the rule, as he had noticed that white students were often not asked.

Here’s video showing him fighting with security guards who eventually let him go after he showed them his ID:

Leung retweeted multiple posts calling for these security guards to be fired and also shared a post quoting a small group of protesters chanting: “No justice, no peace, fuck these racist police!”

Source: InfoWars

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Chinese EV maker BYD says 2018 preliminary profit down 31 percent, blames competition

A bus, manufactured by China's BYD, is seen as part of the new fleet of electric buses for public transport in Santiago
A bus, manufactured by China's BYD, is seen as part of the new fleet of electric buses for public transport in Santiago, Chile November 28, 2018. Picture taken November 28, 2018. REUTERS/Rodrigo Garrido

February 27, 2019

HONG KONG (Reuters) – Chinese electric vehicle maker BYD Co Ltd reported preliminary net profit for 2018 that was 31.4 percent lower than a year earlier, pinning the blame on intensifying competition in the world’s biggest auto market.

The result comes as China’s market for new energy vehicles is booming, but profit in the sector is being squeezed by competition between established automakers and a multitude of startups, as well as the government’s reduction of subsidies.

Profit likely fell to 2.79 billion yuan ($416.5 million) from 4.07 billion yuan, as slowing auto sales across China increased competitive activity among car makers and hit the profitability of the fuel vehicle business, BYD said in a filing to the Hong Kong stock exchange late on Tuesday.

The automaker, backed by U.S. investor Warren Buffett, also said orders and profit in its smartphone component and assembly business were affected by weak demand and competition.

It also saw deeper loss in its photovoltaic business due to change in government policy and provision for impairment, while an increase in financing expenses hit overall profitability.

Total operating revenue increased 22.8 percent to 130.06 billion yuan.

The Shenzhen-based firm reported rapid growth in sales of new energy vehicles – those not powered solely by internal combustion – as the sector develops at pace and also due to the firm’s new product cycle. It said it ranked first in global sales volume of such vehicles for the fourth consecutive year.

BYD in October said it expected 2018 profit to drop almost a third due to increased competition. It is expected to report final full-year figures in late March, as per last year.

The price of BYD’s Hong Kong-listed shares was down 0.3 percent in early trade, versus a 0.2 percent rise in the benchmark Hang Seng Index.

($1 = 6.6980 Chinese yuan renminbi)

(Reporting by Donny Kwok; Editing by Christopher Cushing)

Source: OANN

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Troop presence reinforced as Sudan sit-in continues for fifth day

People protest at the Khartoum military headquarters, near the university, in Khartoum
People protest at the Khartoum military headquarters, near the university, in Khartoum, Sudan April 10, 2019 in this still image taken from a video obtained from social media. Video obtained by REUTERS

April 10, 2019

By Khalid Abdelaziz

KHARTOUM (Reuters) – Soldiers were heavily deployed around a sit-in outside Sudan’s defense ministry on Wednesday, as several thousand protesters danced, sang and chanted slogans calling on President Omar al-Bashir to step down.

The demonstrators have been camped since Saturday outside the compound, which also includes Bashir’s residence and the national security headquarters, in an escalation of protests that have shaken Sudan since December.

Forces from Sudan’s National Intelligence and Security Service (NISS) and the riot police have repeatedly tried to break up the sit-in in early morning raids, though the army have moved to protect the protesters.

There was no such raid on Wednesday. The sit-in area had expanded slightly, with hundreds of people entering and leaving despite temperatures rising to over 40 Celsius (104 Fahrenheit), a Reuters witness said. Some blocked streets to the east of the compound with stones.

Protesters chanted “Fall, that’s all!”, “The people want to build a new Sudan”, and “Our army protects us”. Military trucks and troops were deployed around the compound, stopping cars from entering the area. Police and NISS forces appeared not to be present.

“With the army’s presence, we feel safe. The army is protecting us and we will continue the sit-in until the regime falls,” said Ayman Abdullah, a 23-year-old engineering graduate taking part in the sit-in.

Videos posted by the Sudanese Professionals’ Association, the main protest organizer, and others on social media showed demonstrators dancing, singing and chanting slogans.

A video shared by the opposition Sudanese Congress Party showed a large group of protesters marching towards the sit-in and cheering with a massive Sudanese flag draped over them.

Since Dec. 19, Sudan has been rocked by persistent protests sparked by the government’s attempt to raise the price of bread, and an economic crisis that has included fuel and cash shortages.

Opposition figures have called for the military to help negotiate an end to Bashir’s nearly three decades in power and a transition to democracy.

(Writing by Aidan Lewis and Yousef Saba; Editing by Frances Kerry)

Source: OANN

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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