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Sen. Rubio Objects to Trump's Revoking NKorea Sanctions

President Donald Trump's tweet on withdrawal of North Korea sanctions was unprecedented and "shouldn't have happened that way," according to Sen. Marco Rubio, R-Fla.

"I've never seen that before from this or any administration, so something happened here," Sen. Rubio told NBC's "Meet the Press" on Sunday.

Undoing sanctions requires "a long interagency process," Rubio told host Chuck Todd, adding President Trump acting unilaterally is "unusual" and unprecedented.

"Frankly, look, I think people around the world would look at it and say from now on, when they hear about sanctions, they're going to ask for a double confirmation from the White House," Rubio told Todd.

"So, look, I wish it hadn't happened that way, and it shouldn't have happened that way."

The Treasury Department announced large scale sanctions against North Korea for their nuclear weapons program, but President Trump quickly tweeted a revocation of them shortly after Friday:

"It was announced today by the U.S. Treasury that additional large scale sanctions would be added to those already existing sanctions on North Korea. I have today ordered the withdrawal of those additional sanctions!"

Rubio's rejection of President Trump's work to denuclearize North Korea, negotiating with Kim Jong Un is based on skepticism on the part of Kim, not any doubt about Trump. 

"I would love for Kim Jong Un to give up his weapons and everything else," Rubio said. "And I don't criticize the president for trying. I just never believed he would. I don't believe he ever will.

"I'm not skeptical because I want it to fail; I'm skeptical because I believe it will fail."

Source: NewsMax Politics

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Rohingya refugee 'Tusk Force' created to stop deaths from deadly elephants

Long before hundreds of thousands of the heavily-persecuted Rohingya minority were forced to flee their homes in Burma – also known as Myanmar – and into neighboring Bangladesh, their campgrounds served as a passageway for elephants to migrate eastwards.

Given the sudden population swell, the elephant's migration path in Asia is proving deadly for the refugees whose tense are pitched smack in the middle. Elephants are known to have genetic memories.

BURMESE MILITARY STEPS UP OPERATIONS AGAINST CHRISTIAN MINORITY

Over the last 18 months, at least 14 Rohingya have been killed by the elephants and several more wounded, prompting the formation of a local “tusk force” trained by the UN’s refugee agency UNHCR and the International Union for Conservation of Nature (IUCN) to aid both the Rohingya and the majestic animals.

Armed with torches and megaphones, the group takes turns manning watchtowers set up on the sprawling campgrounds to sound the alarm when necessary, along with educating community members – including children – on safety issues and what to do if an elephant does make its way into the camp.

Part of the process involves drills starring a large elephant puppet to familiarize all with the protocol.

34 ROHINGYA WOMEN, CHILDREN FOUND STRANDED ON MALAYSIA BEACH

Since the summer of 2017 amid a violent clampdown by Burmese forces, more than 700,000 of the Rohingya minority have been forced into overcrowded and dire displacement camps in neighboring Bangladesh, joining the already 300,000 who were hovering as refugees in the region.

In this Monday, Oct. 2, 2017, file photo, newly arrived Rohingya Muslims from Myanmar prepare to leave a transit shelter in Shahparirdwip, Bangladesh. 

In this Monday, Oct. 2, 2017, file photo, newly arrived Rohingya Muslims from Myanmar prepare to leave a transit shelter in Shahparirdwip, Bangladesh.  (AP)

The Elephants too have faced dire consequences as a result of the regional instability, often encountering landmines and barbed wiring on the border, with more than 14 also dying over the same time period.

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However, the number of elephant casualties have sharply dropped over the past year – with the passionate “tusk force” volunteers optimistic that such a number will amount to zero on both sides of the spectrum.

Source: Fox News World

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Cuban president calls for strengthened defenses, economy in response to Trump threats

FILE PHOTO: Cuba's President Miguel Diaz-Canel talks to Vietnam's Prime Minister Nguyen Xuan Phuc at the Government Office in Hanoi, Vietnam
FILE PHOTO: Cuba's President Miguel Diaz-Canel talks to Vietnam's Prime Minister Nguyen Xuan Phuc (not pictured) at the Government Office in Hanoi, Vietnam, November 9, 2018. Luong Thai Linh/Pool via REUTERS/File Photo

April 13, 2019

By Marc Frank

HAVANA (Reuters) – Cuban President Miguel Diaz-Canel accused the Trump administration on Saturday of dragging relations with the United States to their worst level in decades and called on Cubans to strengthen the Communist-run country’s defenses and economy.

Diaz-Canel, in a speech closing the National Assembly, said the United States is engaging in an “asphyxiating financial persecution that makes the import of goods and resources of primary necessity particularly difficult.”

The Cuban economy has stagnated in recent years in tandem with the implosion of strategic ally Venezuela, resulting in cuts in fuel and energy use by state entities and this year shortages of basic goods such as bread, chicken and eggs.

An increase in U.S. sanctions under President Donald Trump is also making it even harder for cash-strapped Cuba to get credit from financial institutions.

Cuba’s Economy Minister Alejandro Gil Fernandez earlier in the day called on the government to tighten belts further and seek alternatives to imports, as foreign exchange earnings decline and credit for supplies and investment become more difficult to find.

“Exports are not growing as planned. The levels of foreign investment that the economy demands are not materializing,” Gil said. “We can forecast the import plan will not be fulfilled because the credits we need cannot be finalized due to the arrears of payments of debts.”

Cuba relies on imports directly or indirectly for much of what it produces and consumes, including fuel and food, and purchases the supplies with foreign currency it earns from exports and obtains through credits.

The government has been struggling to keep economic growth in the black and forecast a 1.5 percent increase in gross domestic product this year after a 1.2 percent increase last year.

The Trump administration has said Cuba is responsible for the survival of socialist Venezuelan President Nicholas Maduro and slapped new sanctions on Cuba, which is already under a crippling trade embargo, leaving the detente of former president Barack Obama in the dust.

This month the United States sanctioned vessels and companies that ship oil to Cuba from Venezuela in exchange for health and other technical services, threatening the energy grid and transportation.

The Trump administration says it soon may activate a long dormant law under which Cuban-Americans could sue foreign companies that profit from their properties nationalized during the first years of the 1959 Revolution.

“Our response is no, imperialist gentlemen, we Cubans do not surrender,” Diaz-Canel said on Saturday, adding the situation meant “we have two absolute priorities: the preparation of our defense and the economic battle at the same time.”

According to western diplomats and businessmen, Cuba has failed to pay suppliers on time for a number of years, piling up around $1.5 billion in short term debt.

Trade fell around 25 percent from 2013 through 2017 and declined again last year, according to the government.

In addition to the Venezuelan crisis, the advent of a far-right government in Brazil led last year to the scrapping of a doctors-for-cash deal valued at an annual $300 million.

(Reporting by Marc Frank; additional reporting by Nelson Acosta; editing by Grant McCool)

Source: OANN

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India’s SpiceJet in talks with lessors to induct aircraft

Man looks out through a window with an advertisement of SpiceJet Airline, on a commercial building in the western Indian city of Ahmedabad
A man looks out through a window with an advertisement of SpiceJet Airline, on a commercial building in the western Indian city of Ahmedabad February 14, 2014. REUTERS/Amit Dave

March 22, 2019

(Reuters) – India’s SpiceJet Ltd said on Friday it was in talks will lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet.

The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India’s aviation watchdog due to safety concerns after an Ethiopian Airlines plane crash that killed 157 people earlier this month.

The low-cost carrier could also benefit from cash-strapped Jet Airways being forced to ground planes, and is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter had told Reuters earlier this week.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Exclusive: Goldman’s China-backed fund bucks trade tensions to buy U.S. firm

The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York
The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid

March 29, 2019

By Harry Brumpton, Echo Wang and Liana B. Baker

(Reuters) – Goldman Sachs Group Inc invested money from China’s sovereign wealth fund in a California-based industrial company and is looking for more U.S. deals, three sources familiar with the matter said, even after increased scrutiny from Washington all but stopped U.S.-China deals last year.

The Wall Street bank is managing a private equity fund called China-U.S. Industrial Cooperation Partnership LP, which it launched with state-owned China Investment Corp (CIC) in November 2017 on the sidelines of U.S. President Donald Trump’s visit to Beijing.

The fund invested alongside Goldman to buy Boyd Corp, a Pleasanton, California-based manufacturer of rubber seals and gaskets, for $3 billion last September, the sources said.

Chinese efforts to invest in U.S. companies have been tripped up over the past year by Washington’s concerns the Chinese were gaining control of sensitive technology or companies that played key roles in the economy.

Reuters reported on Wednesday that the Committee on Foreign Investment in the United States (CFIUS), a U.S. government panel that scrutinizes deals for national security risks, asked the Chinese owner of the dating app Grindr to divest it, spurred on by data privacy concerns.

Goldman successfully argued to CFIUS, however, that its plan to buy Boyd should be allowed to proceed, the sources said.

CIC’s novel partnership with Goldman illustrates how China is adapting to U.S. curbs on its deal-making, which resulted in Chinese acquisitions of U.S. companies plunging by 88 percent year-on-year in 2018, according to financial data provider Refinitiv, as trade relations between the world’s two largest economies deteriorated.

(Graphic: Chinese acquisitions in the United States – https://tmsnrt.rs/2HzUTVE)

The Cooperation fund was set up expressly to help U.S. companies penetrate the Chinese market. And the fund is touting CIC’s involvement as a strategic advantage in accomplishing this goal.

In a confidential marketing document prepared for Goldman clients and seen by Reuters, the New York-based bank highlighted CIC’s “efficient sourcing of commercial partners and customers,” promising to “bring new pathways for growth via China.”

“The Cooperation fund is a U.S. fund run by a U.S. manager, and is managed to be in compliance with all laws and regulations, including CFIUS,” a Goldman spokeswoman said.

A spokesman for the U.S. Department of the Treasury, which chairs CFIUS, said the panel does not comment publicly on individual cases.

CIC did not respond to requests for comment. The sovereign fund said last summer that it planned to press ahead with the Cooperation fund despite U.S.-China trade tensions, but details of its first deal have not been previously reported. The sources asked not to be identified because the Cooperation fund’s details are confidential.

RIVAL CHINESE BIDDER BALKED

Even though Goldman received CFIUS clearance for the Boyd deal, it did not disclose publicly the Cooperation fund’s involvement in the acquisition and most of Boyd’s 4,200 employees were not told about the Chinese money, the sources said.

A Moody’s Investors Service Inc credit rating note listed Boyd’s acquirer as Goldman’s flagship private equity fund West Street Capital Partners VII. After the deal, that fund transferred a minority stake in Boyd to the Cooperation fund, the sources said.

A Goldman spokeswoman declined to comment on why Goldman’s Boyd-related announcements did not mention the Cooperation fund.

One Chinese company that sought to acquire Boyd outright had balked at the regulatory hurdles.

Kangde Xin Composite Material Group Co Ltd, a Chinese laminates manufacturer, said in regulatory announcements that it abandoned a bid for Boyd because it thought the “China-U.S trade friction” would make regulatory approval of the deal difficult.

Kangde Xin did not respond to a request for comment. Investment bankers said the company’s failure to buy Boyd showed CIC would not have been able to do the deal without the structure offered by the Goldman fund.

“This is a really innovative structure, one which could go a long way to enable them to undertake transactions that would be hard for them to do otherwise,” said Euan Rellie, co-founder of BDA Partners, an investment bank that specializes in cross-border deals, referring to the Goldman fund and CIC.

ANCHOR INVESTOR

CIC, whose assets under management are approaching $1 trillion, also has investments in other private equity funds. But CIC does not typically help companies acquired by private equity funds it invests in grow in China.

CIC also calls itself an “anchor investor” in the Cooperation fund, and the sources said it holds a sizeable minority stake that is larger than its typical private equity fund investments.

“CIC is not involved in the investment management of the fund nor the operation of the fund’s portfolio companies. CIC’s role is to help Goldman Sachs, as the investment manager, identify and pursue opportunities for portfolio companies to do more business in China,” the Goldman spokeswoman said.

The Cooperation fund, which targets $5 billion in investment capital, plans to execute between one and three deals a year on average, adding up to as many as 12 over the duration of the fund, two of the sources said.

The fund is the most advanced in a series of similar investments by CIC. In an interview with Chinese state-owned newspaper Securities Times earlier this month, CIC’s president, Tu Guangshao, said bilateral cooperation funds were a strategy to “achieve a more favorable foreign investment regulatory environment” and “remove some barriers in cross-border investment.”

Tu said CIC has inked a letter of intent for a Britain-China fund, signed a contract for a Japan-China Industrial Cooperation Fund and is “in preparation for” China cooperation funds with Italy and France.

“When you get a couple more cases like this that look successful, other sovereign wealth funds and foreign investors will adopt this model,” said James Lewis, senior vice president at the Center for Strategic and International Studies, a Washington-based think tank.

(Reporting by Harry Brumpton, Echo Wang and Liana B. Baker in New York; Editing by Greg Roumeliotis and Meredith Mazzilli)

Source: OANN

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Australian Cardinal Pell faces abuse sentencing hearing

The most senior Catholic cleric ever convicted of child sex abuse faces his first night in custody following a sentencing hearing for molesting two choirboys in a Melbourne cathedral two decades ago.

Victoria state County Court jury unanimously convicted Cardinal George Pell in December of abusing two 13-year-olds in a rear room of St. Patrick's Cathedral in 1996.

But unusually, Pell wasn't taken into custody immediately because he had surgery scheduled in Sydney to have both knees replaced.

Pell's sentencing hearing is set for Wednesday.

Pell could face 50 years in prison. His convictions were suppressed by a court order until Tuesday.

Pell's lawyers lodged an appeal and will apply for bail in the Court of Appeal later Wednesday. No date has been set for an appeal hearing.

Source: Fox News World

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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Funeral of journalist Lyra McKee in Belfast
Labour Party leader Jeremy Corbyn attends the funeral service for murdered journalist Lyra McKee at St Anne’s Cathedral in Belfast, Northern Ireland April 24, 2019. Brian Lawless/Pool via REUTERS

April 26, 2019

LONDON (Reuters) – The leader of Britain’s opposition Labour Party, Jeremy Corbyn, said on Friday he had turned down an invitation to a state dinner which will be part of U.S. President Donald Trump’s visit to Britain in June.

“Theresa May should not be rolling out the red carpet for a state visit to honor a president who rips up vital international treaties, backs climate change denial and uses racist and misogynist rhetoric,” Corbyn said in a statement.

He said maintaining the relationship with the United States did not require “the pomp and ceremony of a state visit” and he said he would welcome a meeting with Trump “to discuss all matters of interest.”

(Reporting by Andy Bruce; Writing by William Schomberg)

Source: OANN

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Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli
Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli, Libya April 25, 2019. REUTERS/Hani Amara

April 26, 2019

By Ulf Laessing

TRIPOLI (Reuters) – Libya’s U.N.-recognized government has budgeted up to 2 billion dinars ($1.43 billion) to cover costs of a three-week-old war for control of the capital, such as treatment for the wounded, to be funded without new borrowing, the economy minister said.

Ali Abdulaziz Issawi suggested the government hoped for business to continue more or less as usual despite the assault on Tripoli, in the country’s northwest, by forces tied to a parallel administration based in the eastern city of Benghazi.

Once Africa’s third largest producer of oil, Libya has been riven by factional conflict since the fall of Muammar Gaddafi in 2011, with the country now broadly split between eastern-based forces under Khalifa Haftar and the U.N.-backed government in Tripoli, in the west, under Prime Minister Fayez al-Serraj.

Still, with Haftar’s Libyan National Army forces unable so far to pierce defenses in Tripoli’s southern suburbs, normal life and business activities continue in much of the capital and western coastal towns.

Issawi, in an interview with Reuters in his Tripoli office, also said Libya’s commercial ports and wheat imports were still functioning normally, although some roads have been blocked.

He said the Serraj government estimates it will spend up to 2 billion dinars extra on medical treatment for wounded, aid for displaced people and other “emergency” war costs.

He said this was not military spending but analysts believe that the sum will also cover expenditures such as pay for allied armed groups or food for fighters.

“We could actually spend less,” he added, in comments that gave the first insight into the economic impact of the fighting.

Issawi said the Tripoli government, which controls little territory beyond the greater capital region, would not incur new debt to fund the war costs, sticking to a plan to post a 2019 budget without a deficit.

Tripoli derives revenue largely from oil and natural gas production, interest-free loans from local banks to the central bank, and a 183 percent surcharge on foreign exchange transactions conducted at official rates.

But with centralized tax collection greatly diminished, public debt has piled up – to 68 billion dinars in the west, including unpaid state obligations such as social insurance.

Some analysts expect Serraj’s government will be forced to raise new debt if the war for control of Tripoli drags on.

With much of Libya dominated by armed factions that also act as security forces, the public wage bill for both the western and eastern administrations has soared as fighters have been made public employees in efforts to buy their loyalty.

The east has sold bonds worth 35 billion dinars outside the official financial system as the Tripoli central bank does not fund the parallel government apart from some wages.

Despite its limited reach, the Tripoli government still runs an annual budget of around 46.8 billion dinars, mainly for public salaries and fuel subsidies.

“This year we cannot finance via debt…we will not borrow (by agreement with the central bank),” Issawi said.

According to International Monetary Fund data, Libya’s central government debt-to-GDP ratio is 143 percent, making it one of the most heavily indebted in the world on that measure.

Issawi declined to say what parts of the budget would be trimmed to support the extra outlay for war costs.

However, with some 70 percent of the budget allocated to public wages, fuel subsidies and other welfare benefits, a portion devoted to infrastructure is most likely to be axed.

Widespread lawlessness has meant there have been no major infrastructural projects since 2011, when a NATO-backed uprising overthrew dictator Muammar Gaddafi, leaving schools, hospitals and roads in acute need of restoration.

FOREX SURCHARGE

Issawi said the government planned to raise as much as 30 billion dinars by the end of 2019 from hard currency deals after imposing in September a 183 percent surcharge on commercial and private transactions done on the official rate of 1.4 to the U.S. dollar. That fee has effectively devalued the official rate to 3.9, much closer to the black market equivalent.

Some 17 billion dinars have been raised since then, with hard currency allocated for import credit letters now issued without delays, Issawi said. The forex fee has helped the government forecast a budget in the black for 2019.

Despite the narrowing spread between the two rates, the black market continues to thrive. Dozens of traders remained at their favorite spot behind the central bank headquarters in Tripoli when Reuters reporters visited it last week.

But traders said it could take time for the Serraj government to register the extra forex receipts as official banking channels were taking up to six months to approve import financing, keeping the black market in play for dealers.

Issawi said authorities planned to lower the forex fee from 183 percent, without saying when. The black market rate has dropped from 6 to around 4.1 since September but it has hardly moved of late as demand for black market cash remains high.

The Tripoli government has stopped subsidizing food and bread, which used to be cheaper than drinking water in Libya. Wheat imports are now being arranged by private traders and there are surplus stocks of flour at the moment, Issawi said.

(Reporting by Ulf Laessing in Tripoli with additional reporting by Karin Strohecker in London; Editing by Mark Heinrich)

Source: OANN

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Rep. Gerry Connolly, D-Va., threatened possible jail time for White House officials refusing to comply with subpoenas to testify before the House Oversight Committee.

Connolly, a member of the House panel, made his comments during an interview on CNN on Thursday. He said that “if a subpoena is issued and you’re told you must testify, we will back that up.”

He added: “And we will use any and all power in our command to make sure it’s backed up — whether that’s a contempt citation, whether that’s going to court and getting that citation enforced, whether it’s fines, whether it’s possible incarceration.”

“We will go to the max to enforce the constitutional role of the legislative branch of government.”

His comments came after three officials have refused to comply with congressional requests to testify, CNN noted.

Trump told The Washington Post that his staff should not testify on Capitol Hill, explaining that the White House cooperated fully with special counsel Robert Mueller and “there is no reason to go any further, especially in Congress where it’s very partisan.”

Source: NewsMax Politics

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“Outdated laws” need fixing to deal with the surge in illegal immigrant families crossing the U.S. border with Mexico, a top Border Patrol official said Friday.

Migrant families face no consequences if apprehended trying to cross the border illegally under present law, Border Patrol chief of Operations Brian Hastings claimed during an appearance on “Fox & Friends.”

“We need a change in the current outdated laws that we’re dealing with for this current demographic and this crisis that we have,” he said.

Hastings said as of Thursday there have been 440,000 apprehensions along the southwest border. There were 396,000 apprehensions all of last year.

SOUTHERN BORDER AT ‘BREAKING POINT’ AFTER MORE THAN 76,000 ILLEGAL IMMIGRANTS TRIED CROSSING IN FEBRUARY, OFFICIALS SAY

And those numbers continue to rise, he said.

Historically 70 to 90 percent of apprehensions at the border were quickly returned to Mexico, Hastings said.

Now, 83 percent of those apprehended have come from the Central American northern triangle which includes Guatemala, El Salvador, and Honduras, and of those 63 percent are “family units” and children who cannot be returned, he said.

“There are no consequences that we can apply to this group currently,” Hastings said. “We’re overwhelmed. If you look at agents there doing a tremendous job trying to deal with the flow.”

The law dictates children have to be released after 20 days of detention.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Sen. Lindsey Graham, R-S.C., says that has forced immigration officials to release entire families because “you don’t want to separate families.”

Recently, he said he is drafting legislation that would allow children to be detained for more than 20 days.

Hastings said agents are frustrated with the situation but are doing the best they can with the resources they have.

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“Up to 40 percent of our agents are processing at any given time,” he said. “That should say that in and of itself is pulling from those border security resources.”

Source: Fox News National

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