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Texas downs Lipscomb for NIT crown

NCAA Basketball: NIT Final
Apr 4, 2019; New York, NY, USA;[Lipscomb Bisons forward Rob Marberry (0) shoots in the first half against the Texas Longhorns in the NIT Championship at Madison Square Garden. Mandatory Credit: Wendell Cruz-USA TODAY Sports

April 5, 2019

Dylan Osetkowski scored 15 of his game-high 19 points in the first half Thursday night as second-seeded Texas established a 14-point halftime lead and defeated fifth-seeded Lipscomb 81-66 to win the NIT championship at Madison Square Garden in New York City.

Osetkowski added a game-high 11 rebounds for the Longhorns (21-16). Texas canned 13 of 37 from beyond the 3-point arc, including 8 of 20 in the second half to keep the Bisons at bay.

The Longhorns won their second NIT title, having also captured the championship in 1978.

Jase Febres tallied 17 points, sinking four 3-pointers, for the Longhorns. Kerwin Roach came off the bench to contribute 16 points and nine assists, capping his night with a steal and 360-degree dunk in the final three minutes. Matt Coleman chipped in 11 points while doling out seven assists.

Rob Marberry paced Lipscomb (29-8) with 17 points, and Garrison Mathews scored 15. But Texas put the clamps on Mathews, who tallied a combined 77 points in the Bisons’ come-from-behind NIT wins over NC State and Wichita State. Mathews made only 2 of 10 shots Thursday, going 0 of 4 in the first half.

Trying to become the first Atlantic Sun Conference school to win the NIT, Lipscomb held the Longhorns scoreless for the first 5:05. But the Bisons only managed four points in that time, and the inability to take advantage of Texas’ early drought would haunt Lipscomb.

Marberry’s jump hook with 6:42 left in the half gave Lipscomb a 22-19 lead, but the Longhorns took control with 14 straight points in a 2:52 span. Osetkowski’s two free throws at the 3:11 mark made it 33-22, and Febres stroked a 3-pointer with seven seconds remaining for a 41-27 Texas advantage at intermission.

Lipscomb scored the second half’s first seven points and was still within 46-39 after a Matt Rose 3-pointer with 12:23 remaining. However, Texas gradually pulled away after that, using the 3-pointer as its main weapon.

The Bisons canned only 39.3 percent of their shots from the field and committed 14 turnovers, 12 in the first half.

–Field Level Media

Source: OANN

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Eating Nuts Boosts Brain Health – Study

Long-term, high nut consumption could be the key to better cognitive health in older people according to new research from the University of South Australia.

In a study of 4822 Chinese adults aged 55+ years, researchers found that eating more than 10 grams of nuts a day was positively associated with better mental functioning, including improved thinking, reasoning and memory.

Lead researcher, UniSA’s Dr. Ming Li, says the study is the first to report an association between cognition and nut intake in older Chinese adults, providing important insights into increasing mental health issues (including dementia) faced by an aging population.

“Population aging is one of the most substantial challenges of the twenty-first century. Not only are people living longer, but as they age, they require additional health support which is placing unprecedented pressure on aged-care and health services,” Dr. Li says.

“In China, this is a massive issue, as the population is aging far more rapidly than almost any other country in the world.

“Improved and preventative health care – including dietary modifications – can help address the challenges that an aging population presents.

“By eating more than 10 grams (or two teaspoons) of nuts per day older people could improve their cognitive function by up to 60 percent– compared to those not eating nuts – effectively warding off what would normally be experienced as a natural two-year cognition decline.”


David Knight explains how smart devices are an extension of MK-Ultra.

China has one of the fastest growing aging populations. In 2029, China’s population is projected to peak at 1.44 billion, with the ratio of young to old dramatically imbalanced by the rising ranks of the elderly. By 2050, 330 million Chinese will be over age 65, and 90.4 million will be over age 80, representing the world’s largest population of this most elderly age group.

More broadly, the World Health Organization says that by 2020, the number of people aged 60 years and older will outnumber children younger than five years old.

The UniSA study analyzed nine waves of China Health Nutrition Survey data collected over 22 years, finding that 17 percent of participants were regular consumers of nuts (mostly peanuts). Dr. Li says peanuts have specific anti-inflammatory and antioxidant effects which can alleviate and reduce cognitive decline.

“Nuts are known to be high in healthy fats, protein and fiber with nutritional properties that can lower cholesterol and improve cognitive health,” Dr. Li says.

“While there is no cure for age-related cognition decline and neurogenerative disease, variations in what people eat are delivering improvements for older people.”

(Photo by Pexels/Pixabay)

The World Health Organization estimates that globally, the number of people living with dementia is at 47 million.

By 2030, this is projected to rise to 75 million and by 2050, global dementia cases are estimated to almost triple. China has the largest population of people with dementia.

“As people age, they naturally experience changes to conceptual reasoning, memory, and processing speed. This is all part of the normal aging process,” Dr. Li says

“But age is also the strongest known risk factor for cognitive disease. If we can find ways to help older people retain their cognitive health and independence for longer – even by modifying their diet – then this absolutely worth the effort.”


A professor now claims president Trump may stage a false flag to stay in power.

Source: InfoWars

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Italy relaxes law on shooting robbers in win for Salvini

FILE PHOTO: Deputy Prime Minister Matteo Salvini speaks in the upper house of the Italian parliament, in Rome
FILE PHOTO: Deputy Prime Minister Matteo Salvini speaks in the upper house of the Italian parliament, in Rome, Italy March 20, 2019. REUTERS/Yara Nardi/File Photo

March 28, 2019

By Gavin Jones

ROME (Reuters) – The Italian parliament on Thursday approved a law making it harder for judges to hand down tough sentences on people who shoot robbers on their premises.

The so-called “legitimate defense” law was a victory for Matteo Salvini, leader of the hard-right League party which formed a government last June with the anti-establishment 5-Star Movement.

Violent crime in Italy has declined in recent years, according to interior ministry data, with murders down 16.3 percent year-on-year in the 12 months to August 2018, and armed robbery down 12.3 percent.

However, Interior Minister and Deputy Prime Minister Salvini has kept the issue high on the political agenda, offering his public support to people prosecuted for shooting robbers.

“This is a wonderful day for Italians,” he told reporters after the bill was passed in the Senate following its approval in the Chamber of Deputies.

“Finally we are definitively guaranteeing the sacrosanct principle of legitimate defense for people who are attacked in their homes, their shops or their bars.”

By affirming that defense is always legitimate when people feel threatened by would-be robbers on their property, the legislation makes it harder for judges to pass tough sentences on those who shoot them.

Home-owners can no longer be accused of excessive violence if they can show that they shot burglars “in a state of grave confusion due to the situation of danger”.

The bill also increases prison sentences for burglary and armed robbery.

Center-left parties and some magistrates say the law will be difficult to interpret, will increase the use of firearms, and risks giving people the idea they can shoot intruders with impunity.

“Shooting people in the back will never be legitimate,” said Giulia Bongiorno, the League’s public administration minister, in an attempt to assuage these fears.

The League’s tough anti-immigration and law-and-order platform has helped it become Italy’s leading party, boosting its support to more than 30 percent, according to opinion polls, compared with the 17 percent it won at the March 2018 election.

Source: OANN

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Augusta National opens doors to women – at least for one day

FILE PHOTO: Stormy skies loom over the course during third round play of the 2018 Masters golf tournament in Augusta
FILE PHOTO: Stormy skies loom over the course during third round play of the 2018 Masters golf tournament at the Augusta National Golf Club in Augusta, Georgia, U.S. April 7, 2018. REUTERS/Mike Segar/File Photo

April 3, 2019

By Steve Keating

(Reuters) – When the fight for gender equality in golf is chronicled Augusta National will not be the key battle but it will be remembered as a provocative flashpoint and the site of another small victory this week when the club hosts a women’s tournament.

When the golfers tee it up for the final round of the Augusta National Women’s Amateur on Saturday they will take a shot at one of sport’s symbols of gender segregation, playing on a course that seven years ago did not even allow female members.

Once the sanctuary of some of the world’s most powerful men and home to the revered Masters tournament, Augusta National Golf Club for decades remained unmoved by outside influences.

Former Augusta chairman William “Hootie” Johnson in 2003 declared the club would not be forced into a decision on women members “at the point of a bayonet”.

Nearly a decade later in 2012, in the face of mounting pressure, the club opened its doors with former U.S. Secretary of State Condoleezza Rice and financier Darla Moore becoming the first women to don the iconic green jackets that distinguish members and Masters champions.

While the word historic has been attached to the inaugural Augusta National Women’s Amateur, Martha Burk, an activist who was on the frontline in the fight to get women into the club, has labeled it a public relations stunt.

Burk thrust the secretive club into the unwanted global spotlight in 2003 when the then chair of the National Council of Women’s Organizations staged a protest.

While the demonstration fizzled, Burk’s determination did not as she and her group mounted a campaign asking consumers to boycott Masters sponsors and companies whose CEOs were members of Augusta National.

That pressure along with lawsuits, Burk says, eventually opened the doors at Augusta National to women in 2012.

But since then, she believes there has been remarkably little progress and that it will take another 200 years for Augusta National membership to come close to being evenly split between men and women.

“I see it (Augusta National Women’s Amateur) as a baby step, I wouldn’t even go as far as to say small step,” Burk told Reuters. “There’s more to it than that, it is a big PR deal.

“Let’s call it what it is, they are trying to give the illusion of progress.

“It is still boys club.”

TRADITION

No green jacket awaits the winner of the Augusta National Women’s Amateur and only the final round of the 54 hole tournament will be played at Augusta on Saturday, the first two rounds set for Wednesday and Thursday at Champions Retreat Golf Club in nearby Evans.

But tradition is the cornerstone of Augusta National’s brand and the club will honor it when the women visit.

Players will arrive by driving up leafy Magnolia Lane and just like the Masters there will be a ceremonial tee shot with LPGA greats Nancy Lopez, Seri Pak, Lorena Ochoa taking the honors.

The trophy presentation will also adhere to Masters tradition, a silver and gold Tiffany-designed cup on a magnolia base of made of wood taken from a magnolia tree at Augusta National, presented to the winner at the Butler Cabin.

“I think women have always sought the big spotlight,” said Paige MacKenzie, a former-top ranked amateur who will be part of NBC’s coverage of the final round, during a conference call. “They want the center court at Wimbledon, they want the main stage and now they have it.

“There are people within Augusta National that believe that women are worthy of this stage and have bought into what this event could be.”

The logical next step would be playing all three rounds at Augusta but many have bigger dreams, including a women’s Masters.

“Things at Augusta don’t happen very rapidly,” said Kay Cockerill, a two-time U.S. Women’s Amateur champion who will also be part of NBC’s coverage team. “They’re sort of a slow-moving wheel, and the wheel is moving.

“You have to start somewhere.

“I don’t know if you have to have a women’s Masters but I’d like to pipe dream and think that would be the ultimate end point.”

(Editing by Christian Radnedge)

Source: OANN

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Exclusive: Iran buys Indian raw sugar for the first time in five years -trade sources

FILE PHOTO: A man packs sugar for sale inside a shop at a marketplace in Ahmedabad
FILE PHOTO: A man packs sugar for sale inside a shop at a marketplace in Ahmedabad, India, September 19, 2018. REUTERS/Amit Dave

February 26, 2019

MUMBAI (Reuters) – Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under U.S. sanctions.

Iran is buying the sugar from India to use up the rupees it has received for oil sales to India, the world’s third-largest oil user. Iran is blocked from the global financial system, including using U.S. dollars to transact its oil sales, by sanctions imposed by the United States.

Trading houses have contracted to export 150,000 tonnes of raw sugar for shipments arriving in March and April at $305 to $310 per ton on a free-on-board basis, the trade sources told Reuters this week.

(Reporting by Rajendra Jadhav; editing by Christian Schmollinger)

Source: OANN

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Indonesia’s Sriwijaya cancels plan to lease two Boeing 737 MAX jets

The angle of attack sensor is seen on a 737 Max aircraft at the Boeing factory in Renton
The angle of attack sensor, at bottom center, is seen on a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson

March 29, 2019

JAKARTA (Reuters) – Indonesia’s Sriwijaya Air, which is operated by flag carrier Garuda Indonesia, has canceled a plan to lease two Boeing Co 737 MAX jets, a spokesman said on Friday.

“Due to the Ethiopian crash, the company felt it had to cancel the plan,” Sriwijaya Air spokesman Adi Willi Hanhari Haloho told Reuters, referring to the Ethiopian Airlines crash of a Boeing 737 MAX 8 that killed 157 people earlier this month.

That accident came five months after a Lion Air 737 MAX 8 crashed off Indonesia, killing 189.

Haloho declined to name who the lessor for the Boeing jets was.

(Reporting by Fanny Potkin; Editing by Muralikumar Anantharaman)

Source: OANN

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European shares dip as China policy concerns temper earnings boost

FILE PHOTO: The German share price index DAX graph at the stock exchange in Frankfurt
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 16, 2019. REUTERS/Staff

April 24, 2019

(Reuters) – European shares pulled back from eight-month highs on Wednesday as worries over China putting policy-easing measures on hold offset upbeat earnings in the region from Credit Suisse and SAP.

The pan-regional STOXX 600 index was down 0.1 percent by 0732 GMT. The benchmark index has notched gains in the past eight consecutive sessions, with a trend of rebounding from a weaker open.

Asian shares were also weak despite the S&P 500 hitting an all-time closing high overnight on boosts to earnings, as investors worried over Beijing slowing the pace of policy easing for the world’s second-largest economy. [MKTS/GLOB]

Germany’s DAX eked out a gain ahead of the country’s Ifo business climate data, due at 0800 GMT, while all other major regional bourses were in the red.

Auto stocks dropped 1 percent, led by Renault after its Japanese partner Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States.

U.S. President Donald Trump on Tuesday said European Union tariffs facing motorcycle manufacturer Harley Davidson Inc were “unfair” and vowed to reciprocate, but gave no other details.

Online gaming company Kindred Group plc landed at the bottom of STOXX 600 after profits for the first-quarter were significantly impacted by a new local license in Sweden.

The oil and gas sector pulled back after a 2 percent jump in the prior session on the back of higher crude prices.

Kicking off the first-quarter balance sheet assessment for banks in the region, Swiss lender Credit Suisse rose 3 percent after posting a surprise profit and saying it was cautiously optimistic about the second-quarter following a challenging start to the year.

Results from Credit Suisse will be followed by those from UBS Group AG and Barclays on Thursday and Deutsche Bank on Friday.

Top performers on STOXX 600 was payments company Wirecard and business software company SAP which also kept the Germany’s DAX afloat.

Wirecard jumped 8 percent after a Bloomberg report said Japan’s Softbank was looking to invest about 900 million euros ($1 billion) to pick up a minority stake in the company.

SAP climbed 6 percent and drove tech sector 1.9 percent higher as the company set ambitious new mid-term targets to boost profit margins after reporting a first-quarter operating loss that chiefly resulted from a restructuring charge.

Healthcare stocks got a boost from Novartis’ gains as the Swiss drugmaker raised its 2019 guidance after a first-quarter earnings and sales beat.

Swedish truckmaker AB Volvo rose after reporting a better-than expected first-quarter operating profit on the back of stronger pricing and easing supply chain constraints.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Catherine Evans)

Source: OANN

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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