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Pakistan scraps trials before military courts after 4 years

Pakistan is doing away with trials before special military courts, a measure that's been in place for over four years to help the government curb terror attacks.

Information Minister Fawad Chaudhry says the courts were re-introduced under special circumstances to fight terrorism. Their mandate expired on Monday and there was no consensus in parliament to extend them.

Pakistan in 2015 resumed military trials for terror suspects and lifted a moratorium on the death penalty after a Taliban attack the year before on a school in Peshawar killed more than 150 people, mostly young students.

Chaudhry says the courts have over the past four years decided 478 cases and sentenced 284 to death; 192 were sentenced to various prison terms.

He says regular courts will handle terrorism cases from now on.

Source: Fox News World

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Trump calls GM's CEO Mary Barra in push to reopen Ohio auto plant

President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work.

Trump's arm-twisting came in a series of separate tweets on Saturday and Sunday . He capped his weekend rant against the GM with a tweetdisclosing that he had vented his frustrations during a conversation with the company's CEO, Mary Barra.

"I am not happy that it is closed when everything else in our Country is BOOMING," Trump wrote. "I asked her to sell it or do something quickly. She blamed the UAW Union — I don't care, I just want it open!"

The union is the United Automobile Workers, which represents the employees who lost their jobs in the Lordstown closure. Trump had previously told a UAW leader, David Green, to "get his act together and produce" for the Lordstown workers.

Green didn't respond to a request for comment Sunday, nor did GM.

GENERAL MOTORS SLASHES MORE THAN 1,400 JOBS IN OHIO

Even he said he talked to Barra, Trump was calling on GM to reopen its Lordstown plant or find another owner, while insisting that the Detroit automaker "must act quickly."

He also blasted GM for letting down the U.S. and asserted "much better" automakers are coming to the country.

Trump praised Toyota for its investments in the U.S. in an apparent attempt to depict GM as being less committed to its home country than the Japan automaker.

The Lordstown closure has become a hot-button issue in an area of Ohio that is expected to be critical for Trump if he seeks re-election as promised in 2020.

Trump prevailed in Ohio in the 2016 election, a win that helped him win enough electoral votes to become president despite losing the popular vote to Hillary Clinton.

OPINION: TRUMP MUST SAVE GM'S OHIO PLANT, OR HE MIGHT BE THE NEXT TO LOSE HIS JOB

That may be one reason why Trump joined a coalition of Ohio lawmakers in efforts to get the Lordstown plant running again. The tweets marked some of his most pointed criticism of GM so far.

Trump has skewered several other U.S. companies for not doing more to help their country's economy, but his remarks so far have been more bark than bite.

For instance, he has publicly called upon Apple to shift most of its manufacturing from China to the U.S., but the Silicon Valley company continues to make its iPhones and most other products overseas.

Ohio Gov. Mike DeWine, a Republican, last week expressed doubts GM will reopen its Lordstown plant, but he said the automaker indicated it's in talks with another company about using the site.

More than 16 million vehicles were made at the Lordstown plant during its 53-year history until GM closed it earlier this month as part of a massive reorganization. The company also intends to close four other North American plants by early next year.

Source: Fox News Politics

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Senator Gillibrand formally launches presidential campaign

FILE PHOTO: Democratic 2020 presidential candidate Gillibrand greets customers at Revelstoke Coffee in Concord
FILE PHOTO: Democratic 2020 U.S. presidential candidate Senator Kirsten Gillibrand (D-NY) greets customers while campaigning for president at Revelstoke Coffee in Concord, New Hampshire, U.S., February 15, 2019. REUTERS/Brian Snyder/File Photo

March 17, 2019

By Ginger Gibson

WASHINGTON (Reuters) – U.S. Senator Kirsten Gillibrand formally launched her presidential bid on Sunday morning, announcing she will deliver her first major speech next week in front of Trump International Hotel in New York City.

Gillibrand, who launched an exploratory committee earlier this year as a precursor, joins more than a dozen other Democrats who have already formally entered the contest to win the nomination to challenge Republican President Donald Trump in the November 2020 election.

“We need a leader who makes big, bold, brave choices. Someone who isn’t afraid of progress,” Gillibrand says in a video released Sunday morning to formalize her entry into the campaign. “That’s why I’m running for president. And it’s why I’m asking you for your support.”

Gillibrand, 52, had already been campaigning in key states that hold early primary contests. She has struggled to see her polling numbers increase in the wake of her initial announcement, a benefit some of her other opponents enjoyed after starting their campaigns. Gillibrand remains at 1 percent in most public opinion polls of the Democratic primary.

Gillibrand opted to use a video instead of a speech at a rally, the traditional method, to formally launch her campaign. She will travel on Monday to campaign in Michigan, followed by stops in key early contest states of Iowa and Nevada.

On March 24, Gillibrand will deliver a launch speech in her home state in front of Trump International Hotel in New York City, to take “her positive, brave vision of restoring America’s moral integrity straight to President Trump’s doorstep,” her campaign said.

The launch video released Sunday morning alludes to several policy debates, including immigration, gun control and climate change.

“We launched ourselves into space and landed on the moon. If we can do that, we can definitely achieve universal health care,” Gillibrand said in the video. “We can provide paid family leave for all, end gun violence, pass a Green New Deal, get money out of politics and take back our democracy.”

Gillibrand has sought to position herself as a unifying figure who can appeal to rural voters.

Some in the Democratic party believe an establishment figure who can appeal to centrist voters is the way to victory. Others argue a fresh face, and particularly a diverse one, is needed to energize the party’s increasingly left-leaning base.

Gillibrand was a member of the centrist and fiscally conservative Blue Dog Coalition while in the House of Representatives. Her positions became more liberal after she was appointed to fill the Senate seat vacated by Hillary Clinton in New York when Clinton became former President Barack Obama’s secretary of state.

Gillibrand then won the seat in a special election and was re-elected to six-year terms in 2012 and 2018. She has attributed the ideology shift to representing a liberal state versus a more conservative district.

As a senator, Gillibrand was outspoken about rape in the military and campus sexual assault years before the #MeToo movement against sexual harassment and assault first arose in 2017.

In late 2017, as she pushed for a bill changing how Congress processes and settles sexual harassment allegations made by staffers, some prominent party leaders criticized her for being the first Democratic senator to urge the resignation of Senator Al Franken, who was accused of groping and kissing women without their consent.

During the same period, Gillibrand said Hillary Clinton’s husband, former President Bill Clinton, should have resigned from the White House after his affair with intern Monica Lewinsky, which led to his impeachment by the House. Some criticized the senator for attacking the Clintons, who had supported her political career.

(Reporting by Ginger Gibson; Editing by Nick Zieminski)

Source: OANN

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Schiff says there is still 'significant evidence of collusion', plans to subpoena to see Mueller report

Rep. Adam Schiff, D-Calif., the chairman of the House Intelligence Committee, said Sunday that he believes there is still “significant evidence of collusion” linking the Russian government with President Trump’s 2016 presidential campaign, despite reports out of the Justice Department that Special Counsel Robert Mueller will not be recommending any further indictments in his investigation.

“There's a difference between compelling evidence of collusion and whether the special counsel concludes that he can prove beyond a reasonable doubt the criminal charge of conspiracy,” Schiff said during an interview on ABC’s “This Week.” “I leave that decision to Bob Mueller, and I have full confidence in him.”

“I trust in his prosecutorial judgment,” Schiff added. “But that doesn't mean, of course, that there isn’t compelling and incriminating evidence that should be shared with the American people.”

'THIS IS A GRAND SLAM:' TRUMP TEAM 'CONFIDENT' NO COLLUSION IN MUELLER REPORT

Schiff is one of numerous Democrats pressing for full disclosure of Mueller's report on the Russia investigation and vowing to use subpoena powers and other legal means if necessary to get it.

Attorney General William Barr was expected to release his first summary of Mueller's findings on Sunday, people familiar with the process said, on what lawmakers anticipated could be a day of reckoning in the two-year probe into President Trump and Russian efforts to elect him. Since receiving the report Friday, Barr has been deciding how much of it Congress and the public will see.

At his resort in Florida, Trump stirred from an unusual, nearly two-day silence on Twitter with the tweet Sunday morning: "Good Morning, Have a Great Day!" Then followed up: "MAKE AMERICA GREAT AGAIN!"

Democratic Rep. Jerrold Nadler, chairman of the House Judiciary Committee, said Democrats won't be willing to wait long for the Justice Department to hand over full information on the probe into whether Trump's 2016 campaign coordinated with Russia to sway the election and whether the president later sought to obstruct the investigation.

"It won't be months," he said on CNN's "State of the Union."

MUELLER NOT RECOMMENDING FURTHER INDICTMENTS AFTER REPORT TURNOVER

Asked if he still believes Trump obstructed justice, he indicated there has been obstruction but "whether it's criminal is another question."

Barr and Deputy Attorney General Rod Rosenstein, who appointed Mueller and oversaw much of his work, analyzed the report on Saturday, laboring to condense it into a summary letter of main conclusions.

The Russia investigation has shadowed Trump for nearly two years and has ensnared his family and close advisers. And no matter the findings in Mueller's report, the probe already has illuminated Russia's assault on the American political system, painted the Trump campaign as eager to exploit the release of hacked Democratic emails to hurt Democrat Hillary Clinton and exposed lies by Trump aides aimed at covering up their Russia-related contacts.

Barr has said he wants to release as much as he can under the law. That decision will require him to weigh the Justice Department's longstanding protocol of not releasing negative information about people who aren't indicted against the extraordinary public interest in a criminal investigation into the president and his campaign.

Democrats are citing the department's recent precedent of norm-breaking disclosures, including during the Clinton email investigation, to argue that they're entitled to Mueller's entire report and the underlying evidence he collected.

READ THE LETTER: AG BILL BARR'S LETTER TO LAWMAKERS ANNOUNCING HE RECEIVED MUELLER REPORT

Even with the details still under wraps, Friday's end to the 22-month probe without additional indictments by Mueller was welcome news to some in Trump's orbit who had feared a final round of charges could target more Trump associates or members of the president's family.

The White House sought to keep its distance, saying Sunday it had not been briefed on the report. Trump, who has relentlessly criticized Mueller's investigation as a "witch hunt," went golfing Saturday and was uncharacteristically quiet on Twitter. Not so one of his guests, musician Kid Rock, who posted a picture with the president and the tweet, "Another great day on the links!" He added: "What a great man, so down to earth and so fun to be with!!"

The conclusion of Mueller's investigation does not remove legal peril for the president.

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He faces a separate Justice Department investigation in New York into hush money payments during the campaign to two women who say they had sex with him years before the election. He's also been implicated in a potential campaign finance violation by his former lawyer, Michael Cohen, who says Trump asked him to arrange the transactions. Federal prosecutors, also in New York, have been investigating foreign contributions made to the president's inaugural committee.

As for Mueller, absent the report's details, it was not known whether he concluded the campaign colluded with the Kremlin to tip the election in favor of the celebrity businessman. A Justice Department official did confirm that Mueller was not recommending any further indictments, meaning the investigation had ended without any public charges of a criminal conspiracy, or of obstruction of justice by the president.

In a letter to the Republican and Democratic leaders of the congressional judiciary committees, Barr noted on Friday that the department had not denied any request from Mueller, something Barr would have been required to disclose to ensure there was no political interference. Trump was never interviewed in person by Mueller's team, but submitted answers to questions in writing.

The Associated Press contributed to this report.

Source: Fox News Politics

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Pope calls Nicaragua bishop to Rome

Pope Francis has asked one of Nicaragua's most outspoken bishops to come to Rome for an undetermined period of time, church officials said Wednesday.

Silvio Báez, Managua's auxiliary bishop, has been a vocal critic of President Daniel Ortega and his government's crackdown on protesters over the past year. He said having to leave Nicaragua fills him with "sadness and pain."

Pope Francis recently told the 60-year-old Báez that he is needed in Rome. He didn't say if the decision was related to an alleged assassination plan revealed by former U.S. Ambassador Laura Dogu.

"He told me, 'I'm interested in having you with me here. I need you right now,' and I accepted with loving obedience," Báez said.

Báez said the U.S. government warned him of the plot several months ago. He told the pope that he had received a number of death threats during the past year, but it hadn't kept him from his work.

Drones constantly hover over his home. Men on motorcycles have entered the parking area. And he has had to change his phone number four times because of the threats.

Báez participated as a mediator in the short-lived first round of dialogue between the government and opposition last year. Ortega, who had invited the church to mediate, later blasted the bishops, accusing them of being coup-plotters.

When another round of talks was attempted this year, Báez was not invited to participate. The church withdrew from the talks April 3.

The Nicaraguan government did not immediately comment on Báez.

Nicaraguan writer Sergio Ramírez, winner of the 2017 Cervantes Prize, characterized the move as "a forced exile" via Twitter and called it "a hard hit to the fight for democracy in Nicaragua."

Last year, Báez and other church officials were attacked by a pro-government mob in the town of Diriamba. Báez escaped with a cut on his arm.

In October, a previously unknown Roman Catholic group in Nicaragua that local press tied to the government sent a letter to Pope Francis with 284,000 signatures asking that Báez be transferred. They accused him of promoting violence.

Báez said Wednesday "that was all a lie."

Nearly a year has passed since a move by Ortega's administration to cut social security benefits spurred large public protests that were met with violence by government forces and their supporters. According to the Inter-American Commission on Human Rights, at least 325 people died in the unrest, 2,000 were wounded and at least 52,000 fled the country for exile.

Source: Fox News World

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Bank mergers key to stronger euro zone: French finance minister

FILE PHOTO: French Finance and Economy Minister Bruno Le Maire leaves after a meeting at the Elysee Palace in Paris
FILE PHOTO: French Finance and Economy Minister Bruno Le Maire leaves after a meeting at the Elysee Palace in Paris, France, March 26, 2019. REUTERS/Philippe Wojazer/File Photo

April 5, 2019

By Leigh Thomas

BUCHAREST (Reuters) – Mergers in Europe’s fragmented banking sector are necessary to make the sector more resilient as the euro zone seeks to protect itself from future crises, France’s finance minister told Reuters in an interview.

Bruno Le Maire, who joined President Emmanuel Macron’s centrist government in 2017 despite coming from the ranks of France’s conservative Republicans party, said banking sector consolidation was needed alongside a single regulatory supervisor and more integrated capital markets.

“I consider that today European banks are still too fragmented and we need banking consolidation,” Le Maire said in Bucharest, where he was attending a meeting of EU finance ministers.

Speaking with Reuters over dinner at an upmarket restaurant in the Romanian capital, Le Maire declined comment on specific deals. The biggest operation underway currently is a possible tie-up between German lenders Deutsche Bank and Commerzbank.

Despite persistent speculation, sometimes involving French banks, there have been few cross-border bank mergers in recent years in Europe, even though the European Central Bank has repeatedly urged consolidation, which it believes would ensure that credit flows to where it is needed most.

Le Maire, who has attended some of France’s most prestigious schools and held numerous senior posts in government, said the euro zone needed to finalize in coming months plans for a backstop for banks saddled with bad loans, and better integrate capital markets notably by agreeing to harmonize insolvency laws – a sensitive issue for some countries.

“If euro zone member states are not capable of taking certain steps forward in the coming months, we risk weakening the euro and seeing new fractures emerge in the euro zone,” Le Maire said.

Policymakers like IMF chief Christine Lagarde have warned that the euro zone’s financial sector remains dangerously exposed to shocks if it does not quickly complete reforms designed to keep risks contained.

Le Maire also wants the euro zone to quickly thrash out plans for a shared budget aimed at encouraging convergence among the euro zone’s economies. In particular, details on its governance and how it sits in relation to the broader EU budget remain to be hammered out.

ECONOMIC DIVERGENCE

“The euro zone will not survive growing economic divergences between member states. We have to equip ourselves with the instruments to reduce the divergences,” he said.

France, along with Germany, has championed the idea of a euro zone budget, but has had to scale down its ambitions in the face of resistance from the Dutch.

The Netherlands has rejected the idea that the budget has a capacity to help member states facing economic shocks, fearing this would mean transfers from richer to poorer countries.

With EU parliament elections due in May, the staunchly pro-Europe minister weighed into the debate about the future of the Union this week with a book warning that Europe must guarantee it does not fall behind China and the United States on technological progress, or risks being dominated by them.

Le Maire, who alongside Germany’s economy minister in February released an industrial policy manifesto calling for increased investment in technology research, revised antitrust and state aid rules and stronger defenses against foreign takeovers, said EU state aid rules needed to be more flexible.

He said approval of aid for projects had to come much more quickly, otherwise companies would look beyond Europe to meet their needs. “Speed is of the essence … There are companies that need technology and they are going to get it where they find it.”

The minister has also called for an overhaul of antitrust rules after the European Commission blocked the planned merger of the rail businesses of Siemens and Alstom, seeing such tie-ups as necessary to build European champions.

“What do we want tomorrow for our telecommunications, our trains, our banks or our cars? I want that in all these fields we keep our European (industrial) capacities, which has to happen through consolidation.”

(Reporting by Leigh Thomas; Editing by David Holmes)

Source: OANN

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Tunnel to Towers continues to help families of first responders and military veterans

The Stephen Siller Tunnels to Towers Foundation continues to help first responders, military veterans and those whose loved ones died while serving their country by giving them mortgage-free homes.

“It's changed my story. It was a tragedy. You know now, it's like it has a happy ending, sort of, you know so I'm happy to talk about it now,” Nancy Gass, a Gold Star widow said on “America’s Newsroom” Thursday. Gass and her family received a home from Tunnel to Towers.

GARY SINISE ON HELPING VETERANS

“Before who wants to hear that… it hurts. But now there's so much positivity in the message.”

In 2014, Nancy’s husband Staff Sgt. Gerard “Jerry” Gass died in a combat mission in Afghanistan.

“He was a medic and a sniper and he didn't join the Army until he was 28, he went to college got a degree and got a business job and then at the last minute he just always wanted to do something special so he became a Green Beret,” Gass said of her husband.

“He was so smart and funny and he always made everyone laugh. People said you know he was larger than life.”

U.S. Marine Corps veteran Corporal Scott Nokes while serving overseas contracted a parasite that took both of his legs and almost all of his vision two years after he returned home.

STUDENT SUSPENDED FOR USING TOY GUN TO HONOR VETERANS

Tunnels to Towers built him a smart home for his service.

“I was not expecting to be the recipient of a home. And luckily Tunnel to Towers stepped up, came out of nowhere. And it's a huge blessing,” Nokes said.

“We're asking everyone to donate eleven dollars a month. I don't think there's a lot to ask Americans at all if we're asking them to go out and put their lives on the line. The families pay a great price for it. I think it's the least that we can do as Americans.  Eleven dollars a month can change the lives of all these great heroes,” Chairman Frank Siller said.

Source: Fox News National

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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