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German security chief wants captive IS suspects screened

Germany's top security official says suspected German members of the Islamic State group captured in Syria need to be screened before they can return home.

Interior Minister Horst Seehofer says Germany needs to know with certainty the identities of IS fighters and their families, and what they allegedly did, "before anyone gets put on a plane."

His comments in an interview Wednesday with daily Sueddeutsche Zeitung come after U.S. President Donald Trump called on European allies to take back their citizens or risk them being turned loose.

Authorities believe Syrian Kurdish forces are holding about 50 German IS fighters and a similar number of family members. There are arrest warrants for only a handful when they return to Germany, partly due to a lack of reliable evidence against them.

Source: Fox News World

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Latest twist in Jussie Smollett case ‘has to damage your faith’ in judicial system: Ben Domenech

The shocking announcement that the 16 criminal charges previously made against “Empire” actor Jussie Smollett had been dropped may have reinforced many people's negative assumptions about the criminal justice system in the U.S., the Federalist publisher Ben Domenech suggested Tuesday.

Earlier in the day, the Cook County (Ill.) State’s Attorney’s office declared that while Smollett wasn’t exonerated for allegedly staging a hate crime, his case was dismissed and the evidence remained sealed. In remarks to reporters, Smollett maintained his innocence, telling the world he was “truthful” since day one.

JUDGE NAP ON PROSECUTORS DROPPING CHARGES AGAINST JUSSIE SMOLLETT: 'ALMOST UNHEARD-OF'

During Tuesday's All-Star panel segment on Fox News' "Special Report with Bret Baier," Domenech -- along with “The Next Revolution” host Steve Hilton and the Cook Report national editor Amy Walter -- weighed in on the fallout of the dramatic plot twist in the Smollett case.

“This is a situation that has to damage your faith in the judicial system," Domenech told the panel. “The truth is that, in this context, I think in Chicago, in the Illinois context, this is kind of a battle between Kim Foxx, who had to recuse herself from her position on this investigation at the State’s Attorney’s office, and the Chicago Police Department.

“I think this was clearly something that internal politics played a role here," he continued. "Keep in mind that 18 people were killed with guns in Chicago during the time this investigation was going on, using up resources that otherwise could have been [brought] to bear on that front.”

Domenech added that Smollett may not be “out of the woods” just yet, pointing to the federal investigation into the threatening letter he reportedly sent to himself.

Walter insisted that no one “should be surprised” that wealthy and well-connected people “get away with things” that poor and non-well-connected people do not.

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Hilton saw a connection between the Smollett case and Special Counsel Robert Mueller's Russia investigation.

“Regardless of the facts here, people are invested in a narrative," Hilton said. "They want to believe what they want to believe. There’s a story they’re telling and they want to stick to it regardless of the facts -- and that has been fueled by some of these details that have leaked out over the period.

“Just as with Trump and Russia, regardless of what you saw in the Mueller report, people still, all day long I think, are going on about the president colluded. And so I think it speaks to the way how people want to believe regardless of the facts.”

Source: Fox News Politics

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Forced to beg, Senegal’s ‘talibes’ face exploitation and abuse

The Wider Image: Forced to beg, Senegal's
Omar Wone, 8, from Futa, a Koran student, called a talibe, sits on the floor of the daara (Koranic school) where he lives and learns Koran in Saint-Louis, Senegal, February 8, 2019. Omar was complaining about chest pain. REUTERS/Zohra Bensemra

February 22, 2019

By Zohra Bensemra and Juliette Jabkhiro

SAINT-LOUIS, Senegal (Reuters) – An eight-year-old boy fled his Koranic school in Saint-Louis, Senegal this month after he said a teacher threatened to beat him for not earning enough money begging on the street.

Hours later, alone in the corner of a low-lit bus station, he was raped by a teenager.

The child, whose name is not disclosed for privacy reasons, was rescued mid-assault by a local non-profit called Maison de la Gare that patrols Saint-Louis at night battling what has become a deep-rooted problem in Senegalese cities: thousands of young boys sent to religious schools end up begging on the streets, or worse.

“These things are still shocking, even when it is the tenth or fifteenth time you see them,” said Maison de la Gare’s founder, Issa Kouyate, referring to the boy’s case.

A Reuters witness also saw the rape before it was stopped.

Teachers from the school the boy fled declined repeated requests for comment. His parents were not reachable.

Kouyate said that he was making inquiries about the background of the teenager who committed the rape, and will then report him to the police.

On Thursday, Saint-Louis police said in response to a phone call from Reuters seeking comment that the appropriate officer for such a case was not available to speak. On Friday, Reuters calls to the police station went unanswered.

Families across Senegal have long enrolled their children in schools called daaras to learn Islamic scripture and build character. Historically, part of that teaching included begging for food to instill humility.

Many daaras are free from problems of abuse. Success in a daara and strong knowledge of the Koran can lead to a prestigious position as an Imam or a Koranic teacher, known as a marabout. Many parents, often far away back home, are unaware of the risks some children face in the process, said Mamadou Gueye, 57, who works with abused children in Saint-Louis.

In recent decades, some rights groups say the school children, called talibes, have at times been kept by marabouts in dire conditions, forced to beg for money and beaten if they do not come back with enough. There are no safeguards for children who escape and find themselves alone on the streets, they say.

LEARNING KARATE

The ill-treatment of talibes was a largely taboo subject in Senegal, but awareness campaigns have slowly provoked debate.

President Macky Sall, who touts himself as a modernizing president with a series of large infrastructure projects to his name, in 2016 launched a plan ordering the removal of children from the streets and said those who force them to beg would be jailed.

About 300 hundred were helped by the program in 2018, government figures show.

“These are our children, and we are trying to involve everyone in protecting them,” said Alioune Sarr, head of Child Protection in the Senegalese government. The government has set up a free hotline to report cases of child abuse, he said.

The issue has come into focus ahead of Sunday’s presidential election. Two of the five candidates, Ousmane Sonko and Issa Sall, said their programs include measures to regulate the daaras system and end child begging.

Human Rights Watch says over 100,000 children are still sent out to beg.

In Saint-Louis, as in the capital Dakar, groups of children weave through traffic asking for money, wearing shorts and ragged football shirts bearing the names of their millionaire heroes.

At Maison de la Gare, talibes can eat a sandwich, shower, wash their clothes and receive first aid assistance. There are opportunities to learn English and play sport.

“I’m learning karate so I can defend myself,” said eight-year-old Demba, who said he was once forced by a teacher to stay out all night and beg for money, only to be robbed by a drunk man at 6 a.m.

He did not give the name of the marabout, or the school.

After being away from home, Demba expressed mixed feelings about the family that sent him to the school in the first place.

“I no longer feel anything towards my parents,” Demba said. “I don’t even know if I’m angry at them or not.”

Click on https://reut.rs/2tyIpVb to see a related photo essay

(Editing by Edward McAllister, William Maclean)

Source: OANN

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Cuba reduces newspaper length due to paper shortage

The Cuban government says a newsprint shortage is forcing at least six state-run newspapers to cut back on pages and circulation days in a potent sign of the cash shortage confronting the island.

The newspaper Granma said in Thursday editions that the Cuban Communist Party organ and several other papers are cutting back from 16 to eight pages on Wednesdays and Fridays. The changes take effect Friday. The newspaper of the Communist Youth League, Juventud Rebelde, will stop publishing on Saturdays.

Granma attributed the change to "difficulties in the availability of newsprint in the country." The government has been suffering cash-flow problems forcing cutbacks in a wide range of imported products.

The last major cutback in newsprint was during the "special period" after the fall of the Soviet Union.

Source: Fox News World

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Brazil’s Petrobras hires JPMorgan, Citi to manage BR Distribuidora offering: sources

FILE PHOTO: A logo of the Brazil's state-run Petrobras oil company is seen in Rio de Janeiro
FILE PHOTO: A logo of the Brazil's state-run Petrobras oil company is seen in Rio de Janeiro, Brazil March 25, 2019. REUTERS/Sergio Moraes/File Photo

April 16, 2019

By Tatiana Bautzer and Carolina Mandl

SAO PAULO (Reuters) – State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said.

The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA, Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA, Banco Santander Brasil SA and HSBC Holdings Plc.

BR Distribuidora, as the company is known, is among the assets that Petrobras intends sell to reduce its debt and increase investments in oil exploration.

Chief Executive Officer Roberto Castello Branco took the helm of the company in January with an ambitious divestment program.

Petrobras, Citi, JPMorgan, BB, BofA and HSBC did not immediately comment. Bradesco, Itau, CS and Santander declined to comment.

Petrobras has not decided yet if the offering will mean a privatization of BR Distribuidora, added the sources, who spoke on Monday and Tuesday. They asked for anonymity because the talks were private.

If Petrobras decides to sell 22 percent or more of the company, the share offering will effectively privatize the fuel distribution unit.

A sale of a 20 percent stake would be worth around 5.3 billion reais ($1.3 billion), based on market prices as of Tuesday afternoon. The company’s market capitalization is 26.7 billion reais.

But the company is still discussing if a privatization through a share offering would need to be submitted to Brazil’s audit court, although Castello Branco has said his initial intention is to privatize the fuel distribution arm. Currently, Petrobras holds a 71.25 percent stake in BR Distribuidora.

The timing of the offering is still under discussion, but it will likely occur after the sale of a stake owned by state lender Caixa Economica Federal in Petrobras, the sources added. Caixa hired the banks for the offering last week.

(Reporting by Tatiana Bautzer and Carolina Mandl in Sao Paulo; Editing by Matthew Lewis)

Source: OANN

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Ethiopian Airlines pilots followed proper procedures before Max 8 crash, ministry rules

Ethiopian Airlines Flight 302 repeatedly nosedived despite the pilots following proper procedures, Ethiopia’s minister of transport said in the initial news briefing for the crash investigation Thursday, according to reports.

The Boeing 737 Max 8 jet crashed March 10 just after takeoff en route from Addis Ababa, Ethiopia, to Nairobi, Kenya, killing all 157 passengers and crew aboard.

FINAL MOMENTS OF ETHIOPIAN AIRLINES BOEING 737 MAX REVEALED: PILOT RECORDED SAYING 'PITCH UP, PITCH UP'

“The crew performed all the procedures repeatedly provided by the manufacturer but was not able to control the aircraft,” Dagmawit Moges said at the news conference in Addis Ababa.

The investigation has also found the plane was in good condition and airworthy before the doomed flight.

Based on flight data and cockpit voice recordings, Moges said they cannot yet determine if there is a structural problem with the Max 8.

She said they are recommending that U.S.-based Boeing review the jet’s air flight control system for controllability issues.

ETHIOPIAN AIRLINES CRASH DATA SHOWS 'CLEAR SIMILARITIES' WITH LION AIR ACCIDENT, TRANSPORT MINISTER SAYS

“Despite their hard work and full compliance with the emergency procedures,” Ethiopian Airlines said in a statement Thursday, “it was very unfortunate that they could not recover the airplane from the persistence of nose diving.”

The similarities between the crash and the previous crash of a Lion Air Max 8 plane led to the U.S. joining several other countries in grounding the planes pending further investigation.

An international team of 18 agencies is helping with the investigation. American participants include the National Transportation Safety Board and the Federal Aviation Administration, according to Reuters.

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Moges said she expects the investigation to conclude within a year.

Source: Fox News World

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Syria claims Israel struck targets in the country's north

Syrian state media is reporting that the country's air defenses have responded to an "Israeli air aggression" targeting positions in the northern Aleppo province.

State TV quotes a military official saying the late Wednesday strikes targeted positions in an industrial area northeast of Aleppo city. The unnamed military official says Syrian air defenses have intercepted a number of "attacking missiles."

The night strikes come at a time of heightened tension between Israel and Syria, following Monday's decision by the U.S. administration to recognize Israel's control over the Golan Heights it occupied from Syria in 1967. The decision sparked worldwide condemnation and protests in Syria.

Israel has recently acknowledged it has been striking Iranian targets in Syria. The last such strikes were in January. Iran is a Damascus ally.

Source: Fox News World

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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