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RI State Police: No Bump Stocks Have Been Turned In To Them Since Ban Took Effect

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Source: InfoWars

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Airlines turn to other jets to weather Boeing 737 MAX storm

FILE PHOTO: The tails of Boeing 737 MAX aircraft are seen at a Boeing production facility in Renton, Washington
FILE PHOTO: The tails of Boeing 737 MAX aircraft are seen at a Boeing production facility in Renton, Washington, U.S., March 11, 2019. REUTERS/David Ryder/File Photo

March 13, 2019

By Jamie Freed and Alexander Cornwell

SINGAPORE/DUBAI (Reuters) – Groundings of brand-new Boeing 737 MAX 8 jets have sent shockwaves through global aviation after a crash in Ethiopia, but many airlines are managing to keep to schedule with other jets while economic woes mean some may be grateful for a pause.

The 737 Max 8 upgrade to Boeing’s best-selling jet only entered service in 2017, meaning there are not many in the skies compared with other more established work horses.

“If you had a grounding of something like the 737-800, wow what an impact. But with the MAX, there are fewer than 400 of these flying globally,” one aviation analyst said, adding that most airlines could “backfill most of the capacity”.

The Ethiopian Airlines crash that killed 157 people on Sunday was the second 737 MAX crash in less than six months, with 189 others killed when a Lion Air jet went down in Indonesia in October. At a time when crashes are rare, that is an unusually bumpy entry into service for a new jet.

There were 371 of the 737 MAX family jets in operation before this week’s groundings, led by China, according to Flightglobal. Around two-thirds of the fleet is now grounded, based on Reuters calculations.

That compares to more than 6,000 of the previous model, the 737 NG series, giving airlines the ability to use other jets in their fleets as a replacement for at least some of the flights.

“At present the impact of any groundings is contained by the relatively small global fleet currently in service,” aviation consultant John Strickland told Reuters.

The time of year and signs of concerns about a peak in global aviation growth and a slowdown in the economy

“It is off-season so it is an easier gesture to make, and some airlines are more worried about having too much capacity,” a Western aviation official said.

For others who are able to make do without the 737 MAX 8 for a period, doing so is likely to come at a cost.

“It is a headache for airlines to take aircraft out of service with flights likely to be canceled and an impact on revenues,” Strickland added.

Although March is not a peak season for flights, some have been hit, with Chinese aviation data firm Variflight on Monday saying at least 29 international and domestic flights had been canceled.

However, airlines had swapped for other planes on 256 other flights that had been scheduled to use the 737 MAX 8.

Singapore’s Changi Airport said on Tuesday that one planned 737 MAX flight by Shandong Airlines to and from Jinan had been canceled, but others had gone ahead with different aircraft.

Singapore Airlines Ltd, Indonesia’s Lion Air and Garuda Indonesia and state-backed carriers Air China Ltd, China Eastern Airlines Corp Ltd and China Southern Airlines Co Ltd all have large fleets of jets other than the MAX to draw on, the analyst said.

The bigger impact from the Ethiopian crash could be on future deliveries, since other carriers including Korean Air Lines Co Ltd have placed relatively large orders for 737 MAX 8 jets, said Um Kyung-a, a senior analyst at Shinyoung Securities.

“It might turn into a big headache for them if Boeing fails to nail down the causes of the recent crashes,” Um said. “If that turned out to be the case, they need to come up with different plans to replace their 737 MAX 8 orders.”

Brazil’s largest airline, Gol Linhas Aereas Inteligentes, had placed a firm order of 100 Boeing 737 Max 8 jets as of last month, according to the carrier’s latest earnings release. It currently operates seven such planes, which it decided to ground late on Monday.

The airline operates Boeing 737 models exclusively and announced in December that it was accelerating its transition to the newer Max 8 planes.

Lion Air, which suffered a 737 MAX crash in October, has refused to take delivery of some of the jets but analysts say it is suffering from overcapacity and may benefit from a slowdown.

It threatened in November to cancel Boeing orders in a row over the crash but has yet to do so, industry sources said. Airbus SE is another supplier and is seen in talks to sell more.

Malaysian officials said on Monday they had asked national carrier Malaysia Airlines to revisit its order for 25 737 MAX jets.

“I feel there are other factors apart from safety, including finance and politics, for that move,” said Shukor Yusof, the head of Malaysia-based aviation consulting firm Endau Analytics.

“I doubt there will be outright cancellations for orders already placed by other carriers because there are still many unanswered questions.”

(Reporting by Jamie Freed and Alexander Cornwell; additional reporting by Aradhana Aravindan in Singapore, Heekyong Yang in Seoul, Marcelo Rochabrun in Sao Paulo, Liz Lee in Kuala Lumpur and Tim Hepher in Paris; editing by Alexander Smith abd Stephen Coates)

Source: OANN

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OPEC, allies to maintain output cuts despite Trump’s criticism: source

Oil tankers pass through the Strait of Hormuz
Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed

February 26, 2019

LONDON (Reuters) – OPEC and its allies will continue with their agreement to cut oil supply, pushing for more adherence despite a demand by U.S. President Donald Trump that the producer group ease its efforts to boost crude prices, a Gulf OPEC source told Reuters.

Based on current market data, the so-called OPEC+ group is “likely to continue with the production cuts until the end of the year”, the OPEC source said.

(Reporting by Rania El Gamal; Editing by Dale Hudson)

Source: OANN

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Police accuse Wisconsin man of starving cows on family farm

A 19-year-old central Wisconsin man has been charged with intentionally starving cows on his family's farm.

The Wausau Daily Herald reports prosecutors charged Joshua Litze Friday with two counts of intentionally failing to provide food to animals, four counts of failing to timely dispose of an animal carcass and one count of bail jumping.

The complaint says a Marathon County sheriff's deputy responded to a report of cattle in the road near a farm in Norrie, about 25 miles (40.23 kilometers) east of Wausau. The officer found cows with bones protruding from their sides and at least four carcasses of dead cows.

Authorities say Litzke was supposed to be taking care of nearly 30 cows while his father was out of town.

It wasn't clear if Litzke has a lawyer.

Source: Fox News National

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Solyndra 10 years later: Lessons can still be learned from the controversial project, Trump transition team official says

Ten years ago Wednesday, the Solyndra Solar Company received half a billion dollars from the Department of Energy and their much-hyped solar panels made media headlines. But just two years later, when the company declared chapter eleven bankruptcy, the taxpayer money was gone and the company, as well as the Obama administration, faced major scrutiny.

“So we are going to be giving $535 million for the solar power company, Solyndra. and it’s going to be producing thin-film solar panels,” Former Secretary of Energy Steven Chu announced in 2009.

Solyndra was producing easy-to-install solar panels and initially asked the government for a loan in 2005 under a Bush administration program to help fund clean energy projects deemed too high-risk for private investors.

However, the ill-fated energy company still became a poster child under the Obama administration which made Solyndra its very first loan recipient in 2009, as part of the stimulus package.

FLASHBACK: SOLYNDRA MISREPRESENTED FACTS TO GET LOAN GUARANTEE, WATCHDOG SAYS

President Barack Obama (C) talks with workers as he tours Solyndra, Inc. , a solar panel manufacturing facility in Fremont, California, in this May 26, 2010 file photo.

President Barack Obama (C) talks with workers as he tours Solyndra, Inc. , a solar panel manufacturing facility in Fremont, California, in this May 26, 2010 file photo. (Reuters)

President Obama doubled down on the company's supposed success during a highly publicized visit to Solyndra headquarters, scheduled six months before the 2010 midterm elections.

“The true engine of economic growth will always be companies like Solyndra,” Obama said while visiting the company.

Solyndra began laying off workers the day after the election and claimed it would've happened sooner if not for pressure from the White House.

A little more than a year after the presidents visit, Solyndra filed for bankruptcy and an FBI investigation followed shortly after.

"The actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead,” the Inspector General wrote in 2015.

Solyndra's attorneys have disputed those findings, and the Inspector General admits some obvious red flags may have been missed. But according to Tom Pyle, who led President Trump's energy transition team, the government should never have been involved.

“The fact that these programs are billed as too high risk for private investment should tell you everything you need to know about why we shouldn't have this program,” Pyle told Fox News.

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Supporters argue that Solyndra's failure doesn’t tell the whole story of the administration's energy loans.

Some went to more successful groups like Tesla, and almost all were paid back.

Pyle believes that doesn't mean the government needs to throw half a billion taxpayer dollars at every company that comes along.

“Our attitude is, take all the subsidization out, let all these energy sources compete on their own, and we'll all end up paying less for our energy,” Pyle said. “Why are we, the taxpayer, on the hook for this high-risk stuff.”

Source: Fox News National

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Money Funneled to AOC’s Boyfriend Sparks Investigation

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A Republican advocacy group has filed a complaint with the Federal Election Commission arguing that Riley Roberts – Rep. Alexandria Ocasio-Cortez’ boyfriend – illegally received $6,000 through a political action committee (PAC) allied with her congressional campaign.

The PAC is called Justice Democrats, founded by progressive commentator Cenk Uygur and Saikat Chakrabarti.

Chakrabarti now serves as AOC’s chief of staff.

Fox News’ Perry Chiaramonte has more:

Members of the Washington, D.C.-based Coolidge Reagan Foundation allege in their complaint that when the Brand New Congress PAC (BNC) — a political arm of Brand New Congress LLC, a company that was hired by Ocasio-Cortez, D-N.Y., to run and support her campaign — paid Roberts for marketing services, it potentially ran afoul of campaign finance law.

“It’s not illegal for [Ocasio-Cortez] to pay her boyfriend, but it appears that they created some sort of scheme to avoid claiming the money [as a campaign expense],” Dan Backer, a D.C.-based attorney who filed the complaint on behalf of the foundation, told Fox News. “What exactly did he do for that money?”

It was first reported last week that the Brand New Congress PAC paid Roberts during the early days of the Ocasio-Cortez campaign. According to FEC records, the PAC made two payments to Roberts – one in August 2017 and one in September 2017 – both for $3,000.

The FEC complaint specifically cites the use of “intermediaries” to make the payments, “the vague and amorphous nature of the services Riley ostensibly provided,” the relatively small amount of money raised by the campaign at that stage and “the romantic relationship between Ocasio-Cortez and Riley” in asserting the transactions might violate campaign finance law.

Read More: http://americanactionnews.com/articles/money-funneled-to-aoc-s-boyfriend-sparks-possible-investigation

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Venezuelans march to demand power, water and end to Maduro

Rally against Venezuelan President Nicolas Maduro's government in Caracas
Supporters of Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, take part in a rally against Venezuelan President Nicolas Maduro's government in Caracas, Venezuela, April 6, 2019. REUTERS/Carlos Garcia Rawlins

April 6, 2019

By Vivian Sequera and Mariela Nava

CARACAS/MARACAIBO, Venezuela (Reuters) – After weeks of power cuts and limited access to water, tens of thousands of Venezuelans took to the streets on Saturday to back opposition leader Juan Guaido and protest against President Nicolas Maduro, who they accuse of wrecking the economy.

Venezuelans, already suffering from hyperinflation and widespread shortages of food and medicine, say the crisis in the chaotic country has worsened over the past month. That is when crippling nationwide power outages began to leave vast swaths of territory in the dark for days at a time, cutting off water supplies and cell phone service.

Guaido, head of the opposition-controlled National Assembly and recognized as Venezuela’s legitimate head of state by most Western nations, called for Saturday’s marches to mark the start of what he has billed as a new wave of “definitive” protests to oust Maduro.

Guaido invoked the constitution to assume an interim presidency in January, denouncing Maduro as a “usurper” after he began a second term following a 2018 national election widely considered fraudulent.

Maduro, who retains the support of the military and allies including Russia and China, has derided Guaido as a U.S. puppet and said he will face justice.

In Caracas, thousands of opposition supporters assembled at a main rally point in the eastern El Marques district. Protesters there said their homes had been without water for days and many had taken to drawing it from unsanitary pipes or streams running off the Avila mountain overlooking Caracas.

“We have to get rid of this usurper, and we can’t think about anything else,” said Claudia Rueda, a 53-year-old homemaker at the Caracas protest.

At one point, the crowd chanted, “The water has gone, power has gone, and now Maduro what’s missing is that you go too.”

Two massive power outages since February have led Maduro’s government to cancel school classes and work and left many businesses shuttered. The resumption of services has been uneven, with cities such as San Cristobal, Valencia and Maracay still reporting intermittent blackouts.

“We haven’t just come to demand water and power. We’ve come to demand freedom and democracy,” Guaido said at the Caracas rally, surrounded by a cheering crowd. “We can’t let ourselves become used to this, we can’t put up with it, we aren’t going to let these crooks keep hold of our country.”

While no immediate protest-related violence was reported in Caracas, witnesses reported clashes between protesters and police in the steamy oil hub of Maracaibo.

Protesters in the city, in the western state of Zulia, told Reuters police had fired rubber bullet rounds and tear gas to disperse them.

“I’m fed up. They hurt me, and though I was frightened, what it makes me most is angry,” said Denis Fernandez, a 25-year-old who said he had been injured by a rubber bullet.

Fernandez said his daughter had almost died from hepatitis a month ago, as hospitals had no supplies to treat her. When there is no electricity for air conditioning, he said he and his wife had taken to fanning their children at night to keep them cool.

The National Assembly, on its Twitter account, said two of its lawmakers had been arrested by authorities at the Maracaibo protest and demanded their immediate release. Venezuela’s Information Ministry did not respond to a request to comment.

The ruling Socialist Party staged a rival march in Caracas on Saturday but turnout was sparse, with just a few hundred people clad in red shirts and red baseball caps banging drums and dancing salsa.

Venezuela’s Constituent Assembly, an all-powerful legislature controlled by the Socialist Party, on Tuesday approved a measure allowing for the possible prosecution of Guaido by stripping him of his parliamentary immunity.

The chief prosecutor’s office has opened an investigation of Guaido and his alleged links to “incidents of violence” in January, but it has not yet ordered his arrest or officially charged him with any crime.

The U.S. government on Friday took another step in its efforts to force Maduro out, by imposing new sanctions on Venezuelan oil shipments, and promising “stronger action” against key ally Cuba for helping to keep his government afloat.

(Additional reporting by Mayela Armas and Shay Valderrama in Caracas, Anggy Polanco in San Cristobal, and Mircely Guanipa in Punto Fijo; Writing by Angus Berwick; Editing by Tom Brown)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

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