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Japan March exports to shrink for fourth straight month, fuelling growth worries: Reuters poll

Workers load containers onto trucks from a cargo ship at a port in Tokyo
Workers load containers onto trucks from a cargo ship at a port in Tokyo, Japan, March 16, 2016. REUTERS/Toru Hanai

April 12, 2019

TOKYO (Reuters) – Japan’s exports likely contracted for a fourth straight month in March, a Reuters poll predicted on Friday, underlining worries that weak external demand and trade frictions could stunt its economic recovery.

The nation’s consumer inflation is also expected to remain tepid in March, the poll also showed, leaving the Bank of Japan under pressure to meet its elusive 2 percent target.

Exports are forecast to have declined 2.7 percent in March from a year earlier, according to the median forecast in the poll of 17 economists, after a 1.2 percent fall in February.

Japan and many other trade-reliant economies have been bruised in the past year by the Sino-U.S. tariff war, which has disrupted global supply chains in a blow to business investment and overall world demand.

Imports are expected to have risen 2.6 percent for the month, the first gain in three months, resulting in a trade balance of a surplus of 372.2 billion yen ($3.33 billion), the poll showed.

“The global economy and trades are slowing down. In addition, impacts from the trade conflict between the United States and China are appearing gradually since last fall,” said Takeshi Minami, chief economist at Norinchukin Research Institute.

“Exports to Asia such as China have been sluggish.”

Earlier on Thursday, Bank of Japan Governor Haruhiko Kuroda signaled the central bank will hold off on further stimulus at this month’s rate review. But in a nod to rising pressure on the economy, Kuroda also warned that risks to the global outlook remained, such as the fate of U.S.-China trade talks and lingering uncertainty on the path of Britain’s exit from the European Union.

The Finance Ministry will release trade data at 8:50 a.m. Japan time on Wednesday, April 17 (2350 GMT, April 16).

The poll also found Japan’s core consumer price index, which includes oil products but excludes volatile fresh food costs, rose 0.7 percent in March from year ago, the same rate of gain in February.

“Impacts from oil price falls in the past will become visible, so core CPI is expected to lack momentum,” said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute.

The Internal Affairs Ministry will release data on consumer prices at 8:30 a.m. Tokyo time on April 19 (2330 GMT on April 18).

(Reporting by Kaori Kaneko; Editing by Shri Navaratnam)

Source: OANN

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VIDEO: Man Caught With 6.6 Million Images Of Child Porn

They never fail to look like pedophiles but then again, who knows what a pedophile looks like these days with congressmen and teachers totally disregarding all sanity and boundaries for children. Eyewitness News ABC7NY video credit Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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As Xi heads to Italy, Vatican says China should not fear Church

FILE PHOTO: China's President Xi Jinping visits Portugal
FILE PHOTO: China's President Xi Jinping attends a meeting with Portugal's Parliamentary President Eduardo Ferro Rodrigues at the Parliament in Lisbon, Portugal, December 5, 2018. REUTERS/Pedro Nunes/File Photo

March 17, 2019

By Philip Pullella

VATICAN CITY (Reuters) – A top Vatican official says China’s government should not fear “distrust or hostility” from the Roman Catholic Church, writing amid speculation over whether President Xi Jinping will meet Pope Francis this week.

Senior Vatican sources have said Francis is willing to meet Xi and that intermediaries had made overtures to the Vatican, but the Chinese side had not yet formally asked for a meeting. Any encounter would be the first between a Chinese leader and a pope.

Xi’s visit, starting Thursday, is his first to Italy following a historic agreement in September between the Vatican and the Chinese government on the appointment of bishops in China.

Beijing cut diplomatic ties with the Vatican in 1951 and has remained concerned that an independent Church in China could threaten its authority.

“The Holy See (nurtures) no distrust or hostility toward any country,” Vatican Secretary of State Cardinal Pietro Parolin writes in the introduction of a new book on China to be published on Tuesday. An advance copy of Parolin’s comments in the book, “The Church in China – A Future Yet to be Written” – were made available to Reuters.

Parolin, second only to the pope in the Vatican hierarchy, said the Catholic Church’s work in China “cannot be separated from a stance of respect, esteem, and trust toward the Chinese people and their legitimate state authorities.”

This appeared to be another attempt by the Vatican to allay Beijing’s concerns.

While the historic September agreement initiated an unprecedented direct dialogue between the Vatican and China, Beijing and the Holy See have not resumed diplomatic, relations.

Parolin wrote that the previously “inextricable knots” in relations between China and the Vatican could be untied through a new, unified approach involving a mix of “theology, law, pastoral work, and even diplomacy.”

It is routine for heads of state and government visiting Italy to also meet the pope. A Vatican source said it could be inserted into Xi’s schedule “at the last minute”. A Vatican spokesman said it is not on the pope’s schedule.

The September deal, in the making for more than 10 years, gives the Vatican a long-sought say in the choice of bishops in China. Critics, particularly conservative Catholics, have labeled it a sellout to the Communist government.

China’s approximately 12 million Catholics have been split between an underground Church swearing loyalty to the Vatican and the state-supervised Catholic Patriotic Association. Now both sides recognize the pope.

Many believe the September deal is a precursor to resumption of diplomatic ties with Beijing.

That would mean severing relations with Taiwan, which Beijing regards as a renegade province. The Vatican is the self-ruled island’s last remaining diplomatic ally in Europe.

(Reporting By Philip Pullella; Editing by Toby Chopra)

Source: OANN

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Estonian prosecutor says Browder complaint against Swedbank added to Danske probe

FILE PHOTO: Swedbank sign is seen on the top of the bank's Latvian head office in Riga
FILE PHOTO: Swedbank sign is seen on the top of the bank's Latvian head office in Riga, Latvia, April 9, 2019. REUTERS/Ints Kalnins/File Photo

April 12, 2019

STOCKHOLM (Reuters) – Estonian prosecutors said on Friday a criminal complaint against Swedish lender Swedbank over potential money laundering brought by investor Bill Browder would be added to an ongoing investigation into Danske Bank.

“Depending on the information gathered during the investigation the prosecutor can decide, whether, or which parts of the criminal investigation should be separated into a stand-alone investigation,” the prosecutor’s office said in an emailed statement.

Estonia’s prosecutors said earlier this month they had received a criminal complaint against Swedbank from Browder and would decide whether to start an investigation based on that complaint.

(Reporting by Simon Johnson; editing by Niklas Pollard)

Source: OANN

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Facebook’s ads system leans on stereotypes for housing, job ads: study

FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration
FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration

April 4, 2019

By Paresh Dave

SAN FRANCISCO (Reuters) – Facebook Inc directs advertising to audiences in ways that could promote racial and gender discrimination, a new study showed, adding to allegations that prompted the U.S. government to sue the world’s largest social media company last week.

Facebook’s algorithms, which match marketing messages with viewers, leans on stereotypes when it comes to housing and jobs, according to the study by researchers from Northeastern University, University of Southern California and advocacy group Upturn. The study was posted on arXiv, an online forum for research awaiting peer review, on Wednesday.

“Ad platforms themselves can shape access to information about important life opportunities in ways that might present a challenge to equal opportunity goals,” said the group, whose university researchers have done separate studies on online ad systems.

Facebook spokesman Joe Osborne responded in statement that the company recognizes it must do more, and said the findings would be included in ongoing discussions about changing its ads system.

“We’ve been looking at our ad delivery system and have engaged industry leaders, academics, and civil rights experts on this very topic – and we’re exploring more changes,” he said.

The researchers advertised lumber job ads on Facebook and found that the algorithms delivered the postings to mostly white men, while secretary positions mostly went to black women. That held true even when lumber ads pictured black people, and the secretarial jobs white people.

The Facebook study also found that ads about homes for sale in North Carolina reached a mostly white audience while rental ads went to a mostly black one.

Facebook does not provide race data, according to the researchers, but they inferred it by linking general audience details to voter registration data.

Though the pictures of people in the job ads did not appear to affect the audience makeup, the photos used did appear to be a factor for Facebook’s algorithm in other cases.

Showing a football or soldiers versus a flower or paint set led to a mostly male audience for an otherwise identical ad unrelated to jobs, the researchers found.

The Trump administration sued Facebook last Thursday, accusing it of selling targeted advertising that discriminated on the basis of race, in violation of the U.S. Fair Housing Act.

Facebook removed some targeting options in response to complaints from the government and civil rights groups.

Addressing racial and gender discrepancies in automated systems, including for facial recognition, has become a priority for Silicon Valley.

(Reporting by Paresh Dave; Editing by Richard Chang)

Source: OANN

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DEMOCRAT IDEOLOGY IS THE DISEASE OF PSYCHOPATHY!

DEMOCRAT IDEOLOGY IS THE DISEASE OF PSYCHOPATHY!   We continue to see the democrat party degrade to a bunch of Zombie Monsters. Where everything can be isolated down to LIBERALS starting the hatred, with MSM, “The enemy of the people”, It was “Slander from the media” and attacks from Democrats with this Psychopathic disease, beating, […]

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Swiss set to approve tax overhaul in ‘existential’ vote

General view shows the eastern Swiss Alps, Lake Zurich and the city of Zurich
A general view shows the eastern Swiss Alps, Lake Zurich and the city of Zurich, Switzerland January 29, 2019. REUTERS/Arnd Wiegmann

April 5, 2019

By John Revill

ZURICH (Reuters) – Nearly two-thirds of Swiss voters look set to approve a shake-up of the country’s corporate tax system, heading off what its finance minister called an existential threat to Switzerland’s role as a business hub.

Around 62 percent of respondents will vote yes in the tax reform and pension finance referendum, according to a Tamedia poll published on Friday, defusing a long-running row over favorable Swiss tax rates for multinational corporations.

The May 19 vote takes place under Switzerland’s system of direct democracy.

Acceptance is vital to prevent the country being branded a low-tax pariah, Finance Minister Ueli Maurer said.

“For Switzerland’s position as an business location, the tax proposal is existential. If we say ‘no’ for a second time we can’t correct that again,” he told newspaper Neue Zuercher Zeitung in an interview published on Friday.

Two years ago voters rejected an attempt to overhaul the tax system, which critics say gives the country an unfair advantage in attracting global companies.

Under pressure from the European Union and the Organisation for Economic Cooperation and Development, the Swiss had promised to meet international standards and eliminate special low tax rates that benefit around 24,000 foreign companies based in Switzerland.

The government plans to scrap special tax status for these companies that pay corporate rates in individual cantons as low as 7.8 to 12 percent, compared with 12 to 24 percent for “normal” Swiss companies.

Cantons in turn will lower their tax rates for normal companies to deter them from leaving.

To cover the resulting revenue shortfall of around 2 billion Swiss francs ($2 billion), the federal government will increase the share of federal tax that cantons get.

To allay fears that corporations would benefit at the expense of citizens, the package increases annual contributions to the state pension system by 2 billion francs by raising contributions from employers and workers and having the federal government chip in more.

Maurer said a rejection by voters could land Switzerland on the EU’s blacklist of tax havens, with countries potentially starting double taxation of Swiss-based companies.

“A country that twice rejects necessary tax reforms loses trust,” Maurer said.

“It would simply mean that Switzerland is not a country of the future,” he said. “Of course we could do a repair job and come up with another plan, but that wouldn’t help much.”

(Reporting by John Revill; editing by David Evans)

Source: OANN

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Alex Jones – Info Wars

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FILE PHOTO: Chevron's Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba
FILE PHOTO: Chevron’s Michael Wirth speaks at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

April 26, 2019

HOUSTON (Reuters) – Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.

Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a higher, $38 billion cash-and-stock offer for Anadarko. Anadarko’s board said on Thursday it would evaluate the new proposal.

“I’ll just remind everyone that we’ve got a signed deal that has been approved by both boards and we’ve moving forward with integration planning,” said Chevron Chief Executive Michael Wirth on a conference call with analysts. He said a “sizeable” group of employees had already met.

Wirth declined to say whether Chevron would raise its offer in light of Occidental’s higher bid. Chevron has the ability revise the structure of its 75 percent stock, 25 percent cash bid, Chevron finance chief Pierre Breber said on the same call. “We could put more cash in if that’s what Anadarko wanted to do,” he said.

(Reporting by Gary McWilliams; Editing by James Dalgleish)

Source: OANN

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FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

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Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

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FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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Former CIA Director John Brennan pushed back Friday on President Trump’s charge that he knew about or participated in an attempt to overthrow the American government.

“I don’t think it’s surprising at all that we continue to hear the sociopathic ramblings of Mr. Trump claiming that there was this effort to try to prevent him from being elected or to unseat him,” he told MSNBC’s Hallie Jackson.

Brennan was reacting to comments Trump made during an interview with Sean Hannity on Thursday night.

Trump specifically criticized Brennan, along with former Director of National Intelligence James Clapper, former FBI Director James Comey, and former Deputy FBI Director Andrew McCabe, in the fiery interview.

ROSENSTEIN SLAMS OBAMA ADMINISTRATION FOR CHOOSING ‘NOT TO PUBLICIZE FULL STORY’ OF RUSSIA HACKING

His comments followed the release of Special Counsel Robert Mueller‘s report which stopped short of accusing the president of either obstruction of justice or collusion with Russia.

Brennan added he welcomed further investigation into his and other officials’ conduct while they served in government. “I’ve testified in front of Congress … Absolutely, I’ll do it again,” he said.

Brennan also disputed Sen. Rand Paul’s, R-Ky., claim that he “insisted that the unverified and fake Steele dossier be included in the Intelligence Report.”

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Journalist Bob Woodward similarly promoted the idea that the CIA pushed to include the Steele dossier in the intelligence community assessment surrounding Russian election interference.

“That’s absolutely incorrect and 180 degrees from the truth. It was CIA that was pushing not to have it included and not to be taken into account at all in that intelligence community assessment.

Source: Fox News Politics

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