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Italy cuts GDP growth forecasts, hikes deficit and debt

FILE PHOTO: People buy fruit and vegetables in a street market in Rome
FILE PHOTO: People buy fruit and vegetables in a street market in Rome, Italy, August 11, 2016. REUTERS/Max Rossi

April 9, 2019

By Giuseppe Fonte and Gavin Jones

ROME (Reuters) – Italy on Tuesday cut its growth forecasts for this year and next while hiking the budget deficit and public debt, underscoring the economic woes faced by the populist ruling coalition.

Gross domestic product in the euro zone’s third largest economy will increase just 0.2 percent this year, the government said, cutting a projection of 1.0 percent it made in December.

The slowdown in growth hurts public finances, and the Treasury raised this year’s budget deficit target to 2.4 percent of GDP from a 2.04 percent goal fixed in December after a drawn-out tussle with the European Commission.

The new deficit target is the same as the one the Commission rejected last autumn as being too high and breaking EU rules.

Italy, whose public debt is proportionally the highest in the euro zone after Greece, is struggling to hold its finances in check while keeping costly promises made by the right-wing League and the anti-establishment 5-Star Movement.

Successive Italian governments have promised and failed to get the debt on a downward path since the 2008 financial crisis, and the latest forecast sees it rising this year to a new post-war high of 132.6 percent of GDP.

Unusually, no news conference was held after the cabinet signed off on the Treasury’s Economic and Financial Document (DEF), which forms an early framework for the 2020 budget.

However, the leaders of both ruling parties issued statements renewing a commitment to cut taxes.

“We will push on, getting the country going again, stimulating growth and helping families that really need it, without trumpeting false promises as has been done in the past,” said 5-Star chief Luigi Di Maio.

(Reporting by Giuseppe Fonte; Writing by Gavin Jones; Editing by Mark Heinrich)

Source: OANN

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CEO of Swiss engineering firm ABB steps down amid overhaul

The chief executive of ABB is stepping down as the Swiss engineering company undergoes a major overhaul.

The company said Wednesday that Ulrich Spiesshofer had agreed with the board of directors to relinquish with immediate effect the role he's held since 2013.

Board chairman Peter Voser, a former CEO of Royal Dutch Shell, is taking over as interim chief executive.

Investors have been pressing ABB, which specializes in automation and factory robots, to increase its margins in recent years.

Source: Fox News World

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Adam Schiff Says House Intelligence Committee Is Willing To Subpoena Mueller

Chris White | Energy Reporter

House Intelligence Committee Chairman Rep. Adam Schiff said Friday that his committee might subpoena special counsel Robert Mueller to get a fuller understanding about the details of his report.

“If necessary, we will call Bob Mueller or others before our committee,” Schiff told CNN’s Wolf Blitzer, noting also that the Judiciary Committee might summon Attorney General Bill Barr to answer questions as well.

The California Democrat’s comments came shortly after Mueller delivered Barr his report on Russia’s intervention into the U.S. election.

Schiff added: “This began as a counterintelligence investigation by the FBI. It began as the same in our committee, and we have a right to be informed and we will demand to be informed about it.” (RELATED: BREAKING: Mueller Submits Report To Justice Department)

U.S. President Donald Trump exits Air Force One as he arrives in Lima, Ohio, U.S., March 20, 2019. REUTERS/Carlos Barria - RC17EB089160

U.S. President Donald Trump exits Air Force One as he arrives in Lima, Ohio, U.S., March 20, 2019. REUTERS/Carlos Barria

The Department of Justice is required by regulations governing the special counsel to disclose whether the agency rebuffed any major investigative requests from the special counsel. Mueller was never ordered to stand down on any major areas of inquiry throughout the more than two-year long probe, according to Barr.

President Donald Trump said Wednesday he believes the public should have the opportunity to see the document, though the president added he would ultimately like to see it beforehand.

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Source: The Daily Caller

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Embassy building in Madrid back to normal after false bomb threat: police

A police tape is pictured in front of the towers of a skyscraper housing embassies, after a bomb threat, in Madrid
A police tape reading: "Do not pass" is pictured in front of the towers of a skyscraper housing embassies, after a bomb threat, in Madrid, Spain, April 16, 2019. REUTERS/Juan Medina

April 16, 2019

MADRID (Reuters) – People were being allowed back into a building housing several embassies in Madrid on Tuesday after a bomb threat received there was found to be false, police said on Twitter.

The Australian, British, Canadian and Dutch embassies are all located in the building, which was evacuated after the Australian embassy received a bomb threat by telephone earlier on Tuesday, a police spokeswoman said.

(Reporting by Jose Elias Rodriguez, editing by Isla Binnie)

Source: OANN

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Thai police summon anti-junta politician on sedition charge after disputed election

Thanathorn Juangroongruangkit, leader of the Future Forward Party attends a news conference to form a
FILE PHOTO - Thanathorn Juangroongruangkit, leader of the Future Forward Party attends a news conference to form a "democratic front" in Bangkok, Thailand, March 27, 2019. REUTERS/Soe Zeya Tun

April 3, 2019

By Panu Wongcha-um and Patpicha Tanakasempipat

BANGKOK (Reuters) – Thai police summoned a prominent anti-junta politician on Wednesday to answer a sedition complaint, a police document showed, a charge rising star Thanathorn Juangroongruangkit called politically motivated after a disputed election.

The sedition complaint – the second criminal case opened against Thanathorn since he formed the Future Forward Party last year – dates back to 2015 and was filed by the army, a police official told Reuters.

The progressive, youth-oriented Future Forward Party made a surprisingly strong showing in the March 24 election, coming in third with 6.2 million votes.

It was still unclear which party could form government after the election, the first since a 2014 army coup. Final results may not be clear for weeks.

Future Forward has joined an opposition “democratic front” alliance that will try to form a government and block junta chief Prayuth Chan-ocha from staying in power.

Thanathorn, 40, is accused of breaking article 116 of the Thai criminal code, the equivalent of sedition, and article 189, for assisting others who committed a serious crime, the police summons showed.

He could face up to nine years in prison if found guilty.

Thanathorn will have to report to the Pathumwan police station in central Bangkok on Saturday.

“I don’t know what the charges are yet but it is obviously politically motivated,” Thanathorn told Reuters.

The complaint against Thanathorn was filed by the army in 2015 over his involvement in helping anti-junta protesters that year, a police officer told Reuters on condition of anonymity because he was not authorized to speak to the media.

“The emergence of Thanathorn … isn’t a threat to the nation. It is a threat to the army that is hostile towards democracy and the people,” Thanathorn told reporters.

The hashtag “#SaveThanathorn” was a top Thai trend on Twitter on Wednesday, resurfacing from February when he met prosecutors about a cybercrime charge over a speech he made on Facebook criticizing the junta in July. [nL3N20K25K]

Prosecutors will decide on April 26 whether to put him on trial for the cybercrime charge.

The Thai military government dismissed the idea that the police action on Wednesday was politically motivated, saying that the summons related to a national security matter.

“There will be an investigation,” Thai deputy prime minister Prawit Wongsuwan told reporters.

(Additional reporting by Panarat Thepgumpanat; Editing by Paul Tait)

Source: OANN

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3 Kansas students credited with rescuing boy in Florida

Three University of Kansas fraternity brothers on a spring break trip to Florida are credited with rescuing a young boy from a riptide.

The Kansas City Star reports that Sigma Phi Epsilon brothers Jared Cox, of Overland Park; Connor Churchill, of Olathe; and Cole Firmature, of Omaha, Nebraska, went to a beach on March 11 in Destin, Florida. They were at a beach bar when they heard a woman cry out for a lifeguard and point to the water.

There was no lifeguard patrolling the beach at the time and the three men sprinted to the water.

They spotted a young boy drifting on a boogie board 40 yards out into the ocean. The three men swam out and brought the child to shore by pushing him on the board.

___

Information from: The Kansas City Star, http://www.kcstar.com

Source: Fox News National

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Beto O’Rourke calls out Obama and Trump administration’s immigration practices

Democratic presidential contender Beto O’Rourke criticized both the Obama and Trump administrations for their immigration practices Wednesday at the "She The People Forum" at Texas Southern University in Houston.

O’Rourke, 46, was asked if the U.S. Immigration and Customs Enforcement (ICE) should be disbanded. An audience member was heard replying, “Yes, come on.”

“I hear you on this,” the former congressman replied. “The practices under this president, the practices under the last president where families were broken up. Where you had internal enforcement I think in one year alone in the previous administration 400,000 deportations from inside the United States.”

O’Rourke was referring to 2012 where U.S. deportations reached 409,849 people, according to ICE’s Enforcement and Removal Operations report. In 2015 and 2016, the numbers fell to 235,413 and 240,255, respectively.

BETO O'ROURKE COMPARES TRUMP ADMINISTRATION RHETORIC TO NAZI GERMANY

The 2020 candidate continued to say: “Some people who had been here for decades who posed no threat to their families, to their communities to this country in fact in any way that you can measure are contributing fare more than they are taking.”

O’Rourke said he believed that “we don’t need those internal roundups and deportations and enforcement.”

“We do need to make sure that whoever threatens the lives of our fellow Americans or has used violence that there is accountability,” he continued.

He concluded his remarks by saying that the internal operations by ICE “is not the way to do it.”

When pressed on whether ICE would exist if he was president, O’Rourke replied, “Yes.”

“But it will not employ those practices we’ve seen not just under this administration but under the previous administration,” he said.

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ICE has become a topic for debate for presidential candidates. During the midterm elections, Sen. Kirsten Gillibrand, D-N.Y., who is also running for president, said ICE should be disbanded and rebuilt.

"I believe that it has become a deportation force. And I think you should separate out the criminal justice from the immigration issues," she told CNN’s Chris Cuomo. "I think you should reimagine ICE under a new agency, with a very different mission, and take those two missions out. So we believe that we should protect families that need our help, and that is not what ICE is doing today."

In June 2018, Sen. Elizabeth Warren, D-Mass., also called on replacing ICE “with something that reflects our morality and that works," according to The Hill. Warren is also part of the crowded field of 2020 Democratic presidential candidates.

Source: Fox News Politics

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

CLICK HERE TO GET THE FOX NEWS APP

Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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