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Pound jumps, Asian shares rise after changes to Brexit deal

FILE PHOTO: Pedestrians walk past electronic board showing the Nikkei stock index outside a brokerage in Tokyo
FILE PHOTO: Pedestrians walk past electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon

March 12, 2019

By Andrew Galbraith

SHANGHAI (Reuters) – The pound jumped on Tuesday and Asian shares rose after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.

European Commission head Jean-Claude Juncker agreed to additional assurances in an updated Brexit deal with British Prime Minister Theresa May on Monday, but warned UK lawmakers would not get a third chance to endorse it.

Sterling, which had risen ahead of the talks between May and Juncker, extended gains in hopes the changes may be enough to sway rebellious British lawmakers who have threatened to vote down May’s plan again on Tuesday.

The pound was up 0.7 percent, buying $1.3239 and taking its gains for two days to more than 1.6 percent.

In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 percent, following on from a rally on Wall Street overnight.

Australian shares were up 0.4 percent, while Japan’s Nikkei stock index jumped 1.6 percent.

The amended Brexit deal gave a further boost to investors’ appetite for riskier assets, after global equity indexes climbed overnight on gains in technology stocks and expectations of more stimulus from China.

U.S. shares rebounded from a week-long losing streak, with news that U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion helping to boost tech shares.[.N]

A nearly 7 percent gain in Nvidia shares helped to propel the Nasdaq Composite 2.02 percent higher, to 7,558.06 points.

The Dow Jones Industrial Average rose 0.79 percent, with gains tempered by a 5.3 percent drop in Boeing shares after some airlines grounded the company’s new 737 MAX 8 passenger jet following a second deadly crash of the airliner in five months.

The S&P 500 gained 1.47 percent to 2,783.3.

In a morning note, analysts at ANZ said comments from U.S. Federal Reserve Chairman Jerome Powell on the weekend that the central bank is in no hurry to raise rates had helped to boost riskier assets.

U.S. retail sales data from January, which came in above expectations, also helped to support shares despite downward revisions to December data, National Australia Bank analysts said in a note.

Yields on U.S. Treasury bonds rose, with benchmark 10-year Treasury notes at 2.6591 percent compared with its U.S. close of 2.641 percent on Monday.

The two-year yield was at 2.4957 percent compared with a U.S. close of 2.477 percent.

The dollar index, which measures the greenback against a basket of rivals, shed 0.18 percent to 97.034. But the dollar gained against the yen, adding 0.12 percent to 111.31.

The euro was up 0.1 percent on the day at $1.1259.

U.S. crude ticked up 0.3 percent at $56.96 a barrel. Brent crude was also 0.3 percent higher to $66.77.

Spot gold was 0.1 percent less precious at $1,292.77 per ounce. [GOL/]

(Reporting by Andrew Galbraith; Editing by Kim Coghill)

Source: OANN

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NYC jogger Karina Vetrano murder case juror says he felt pressure to convict

Moments after Chanel Lewis was found guilty of murdering New York City jogger Karina Vetrano, one of the jurors who had just voted to convict Lewis said he felt pressured to deliver the verdict and had doubts about whether the man he'd just sent to prison was really Vetrano's killer.

Lewis faces life in prison after a 12-person jury found him guilty of sexually assaulting and killing Vetrano, whose body was found in a marshland near her Queens home in August 2016. The jury deliberated for five hours Monday and convicted the 22-year-old despite defense attorneys' claim that key evidence that may have proved exculpatory was withheld during the retrial.

One juror, described by the New York Post as a man in his 30s, voiced skepticism about the prosecution's case.

“He seems like such a good kid. Did he really do this?” the juror told the Post outside the courthouse Monday night following the guilty verdict.

Chanel Lewis at the defense table at Supreme Court in the Queens Borough of New York for the retrial of Karina Vetrano's murder. (AP)

Chanel Lewis at the defense table at Supreme Court in the Queens Borough of New York for the retrial of Karina Vetrano's murder. (AP)

He added: “I kept thinking, ‘How tall is Karina? How tall is Chanel?’ She looked pretty buff me to."

DEFENSE IN NYC JOGGER KARINA VETRANO MURDER CASE SAYS ANONYMOUS LETTER SHOWS EVIDENCE WITHHELD DURING RETRIAL

The juror said he felt pressure to convict Lewis, but he didn't go into detail about why he felt that way or who he felt was applying the pressure. Despite his doubts, the juror said he believes “justice was served.”

“For both sides of the family it’s an awful, awful situation,” he told the New York Post.

Video showed Vetrano’s parents, family members and friends erupting in cheers as the Queens jury read the verdict.

"Jubilation. Justice. Justice has been served," the victim's father, Phil Vetrano, told reporters while leaving court.

The retrial risked ending in a hung jury -- just like Lewis' first trial in the case in November -- after Lewis’ attorneys, the Legal Aid Society, said they received a letter with “troubling and reliable information” over the weekend about other potential suspects. The lawyers said that evidence hadn't been turned over prior to the start of the retrial. They filed motions for a hearing Monday, but were unsuccessful in the last-ditch effort.

NORTH DAKOTA QUADRUPLE HOMICIDE SUSPECT AT LARGE; TIGHT-LIPPED COPS SAY VICTIMS 'DIDN'T DO IT THEMSELVES'

The Legal Aid Society said the verdict was a “complete miscarriage of justice.”

"Our client did not receive a fair trial," the Legal Aid Society said, adding that it would appeal.

Phillip and Catherine Vetrano, parents of Karina Vetrano, arrive to court in New York.

Phillip and Catherine Vetrano, parents of Karina Vetrano, arrive to court in New York. (AP)

Lewis was arrested in February 2017 after police said his DNA, obtained through a cheek swab, proved to be a match for DNA found on Vetrano’s neck, cellphone and under the 30-year-old’s fingernails. Lewis also admitted to the crime in a taped confession.

Lewis' defense team, however, insisted the DNA evidence hadn't been gathered properly and the confession had been coerced. The lawyers said Lewis' taped account at times didn't match up with facts in the case, including inconsistencies between what Lewis said and how Vetrano was injured.

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The New York Police Department disputed the last-minute anonymous letter touted by the defense team, saying the document was "riddled with falsehoods and inaccuracies” and "the evidence clearly shows that Chanel Lewis is responsible for her death."

Lewis is expected to be sentenced April 17.

The Associated Press contributed to this report. 

Source: Fox News National

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The 1975, DJ Harris triumph at UK BRIT music Awards; Pink honored

The Brit Awards at the O2 Arena in London
Pink performs at the Brit Awards at the O2 Arena in London, Britain, February 20, 2019. REUTERS/Hannah McKay

February 20, 2019

LONDON (Reuters) – Pop rock band The 1975 and DJ Calvin Harris were the main winners at the BRIT Awards on Wednesday, each scooping two prizes at Britain’s annual pop music honors.

The 1975 were named British Group and won the biggest prize of the night, Mastercard British Album of the Year, for “A Brief Inquiry into Online Relationships.”

Harris, a Scottish DJ who has recorded worldwide hits with the likes of Rihanna and Sam Smith, triumphed for the first time at the British Record Industry Trust (BRIT) awards, taking the Producer prize and British Single category for his “One Kiss” collaboration with singer Dua Lipa.

American singer-songwriter Pink, who closed the event with a medley of her hits, was honored with the Outstanding Contribution to Music Award, the first international artist to receive the prize.

“This is all too much,” the “Raise Your Glass” and “Just Like a Pill” singer said in her acceptance speech. “To be considered in the same category as David Bowie and The Beatles and Sir Elton (John) and Sir Paul (McCartney) and the Eurythmics and Fleetwood Mac, it’s beyond anything my brain can comprehend.”

Soulful singer Jorja Smith won Best Female Solo Artist, after triumphing with the Critics’ Choice Award at last year’s ceremony. Summer hit “Shotgun” singer George Ezra won the British Male Solo Artist.

British Artist Video of the Year went to all-girl group Little Mix for their “Woman Like Me” collaboration with rapper Nicki Minaj while “Leave a Light On” singer Tom Walker won British Breakthrough Act.

The show, at London’s O2 arena, featured several performances by the likes of Ezra, Little Mix and The 1975. Hollywood star Hugh Jackman opened the ceremony with a performance from his musical film “The Greatest Showman.”

In the international categories, “Thank U, Next” chart-topper Ariana Grande took International Female Solo Artist while Canadian rapper Drake took International Male Solo Artist

The Carters, made up of married duo Beyonce and her rapper husband Jay-Z, took the International Group prize.

(Writing by Marie-Louise Gumuchian; Editing by Leslie Adler)

Source: OANN

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Factbox: Who will succeed Carney to run Britain’s central bank?

FILE PHOTO: The Governor of the Bank of England, Mark Carney leaves after a news conference at the Bank of England in London
FILE PHOTO: The Governor of the Bank of England, Mark Carney leaves after a news conference at the Bank of England in London, Britain February 7, 2019. REUTERS/Hannah McKay/Pool/File Photo

April 24, 2019

LONDON (Reuters) – Britain is searching for a new governor of the Bank of England to succeed Mark Carney in early 2020.

Finance minister Philip Hammond is hoping that concerns about Brexit will not deter potential applicants.

Below are possible contenders to run the BoE which oversees the world’s fifth-biggest economy and its huge finance industry.

ANDREW BAILEY

The former deputy BoE governor was tipped by analysts as Carney’s most likely successor. But delays to the search, after Carney extended his time in London, have raised questions about whether Hammond sees him as the best candidate.

Bailey, 60, was deputy governor with a focus on banks before becoming chief executive of the Financial Conduct Authority, a markets regulator.

While at the BoE, Bailey helped to steer Britain’s banks through the global financial crisis.

Heading the FCA is fraught with risks. Lawmakers criticised Bailey for not publishing all of a report into alleged misconduct by bank RBS. Bailey cited privacy restrictions.

As FCA boss, Bailey sits on important panels at the BoE that oversee banks. Although he has never been interest-rate setter, he once ran the BoE international economic analysis team.

RAGHURAM RAJAN

Rajan, 56, headed the Reserve Bank of India from 2013 to 2016, and was chief economist at the International Monetary Fund between 2003 and 2006 when he warned of the risk of a financial crisis.

Now a professor at Chicago Booth business school, Rajan has published a book on dissatisfaction with markets and the state – touching on some of the underlying issues behind Brexit.

Rajan unexpectedly did not seek a renewal of his three-year term at the RBI, having faced hostility from some sections of Prime Minister Narendra Modi’s BJP party who disliked his less nationalist stance and brief forays into political territory.

Rajan declined to comment when asked by Reuters last week whether he would consider a return to active policymaking.

MINOUCHE SHAFIK

Egyptian-born Shafik, 57, was a BoE deputy governor between 2014 and 2017, in charge of markets and banking, including the central bank’s asset purchase programme. She quit the job early to become director of the London School of Economics.

Between 2008 and 2011 she was the top civil servant at Britain’s ministry for overseas aid and was then deputy managing director at the International Monetary Fund, where she represented the fund in the Greek debt crisis.

Shafik would become the first woman to head the BoE, and was only its second female deputy governor.

BEN BROADBENT AND DAVE RAMSDEN

Broadbent, 54, and Ramsden, 55, are deputy governors for monetary policy and for markets and banking respectively.

Broadbent, a former Goldman Sachs economist who trained as a classical pianist, is respected for his economic analysis but has less experience on banking oversight.

Ramsden was the Treasury’s chief economic advisor.

The two other BoE deputy governors, Jon Cunliffe and Sam Woods, are less likely contenders. Woods focuses mostly on financial regulation while Cunliffe – a former British ambassador to the European Union – would be aged 66 at the start of the term which usually runs for eight years.

SHRITI VADERA

Vadera, 56, has no central banking experience but is seen as a contender due to her current role as non-executive chairwoman of Santander UK, one of Britain’s biggest banks, and her time as a junior business minister during the financial crisis.

Vadera served as a minister from 2007 to 2009 after a career in investment banking and a period at the finance ministry.

In 2008, she was part of a small group of ministers and officials who devised a plan worth hundreds of billions of pounds in loan guarantees to keep high-street banks in business.

ANDY HALDANE

The BoE’s chief economist, Haldane has developed a reputation for floating unconventional ideas, including the possibility that music apps such as Spotify and multiplayer online games might give central bankers just as a good a sense of what is going on in the economy as traditional surveys.

In 2012, he praised the anti-capitalist Occupy movement for suggesting new ways to fix the shortcomings of global finance. Haldane has experience of both sides of the BoE, having served as executive director for financial stability, overseeing the risks to the economy from the banking system. But he might be seen as too much of a maverick to take the job of governor.

A LABOUR PARTY GOVERNOR?

The prospect of the left-wing Labour Party taking power has grown as Prime Minister Theresa May struggles to break the Brexit impasse.

Labour leader Jeremy Corbyn and his would-be finance minister John McDonnell are socialists and have in the past proposed that the BoE should fund investment in infrastructure, a big change from its current focus on inflation.

Former members of Labour’s economic advisory committee included U.S. academic and Nobel Prize winner Joseph Stiglitz and Ann Pettifor, a British economist who is an austerity critic, and former BoE rate-setter David Blanchflower.

(Writing by William Schomberg and David Milliken, Editing by Angus MacSwan)

Source: OANN

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NBA roundup: Pistons nail down final East playoff spot

NBA: Detroit Pistons at New York Knicks
Apr 10, 2019; New York, NY, USA; Detroit Pistons guard Luke Kennard (5) shoots over New York Knicks forward Isaiah Hicks (4) during the first half at Madison Square Garden. Mandatory Credit: Adam Hunger-USA TODAY Sports

April 11, 2019

Luke Kennard scored 27 points off the bench and the postseason-bound Detroit Pistons closed out their regular season finale by walloping the host New York Knicks 115-89 on Wednesday.

The Pistons (41-41) qualified for the Eastern Conference playoffs for just the second time since the 2009-10 season. They were swept by Cleveland in the opening round of the 2015-16 playoffs.

Detroit will be the No. 8 seed and face top-seeded Milwaukee in the first round.

Kennard’s point total was one shy of his career high. Reggie Jackson had 21 points and Andre Drummond supplied 20 points and 18 rebounds for Detroit. Wayne Ellington tossed in 12 points, all on 3-point makes.

Heat 113, Nets 94

Dwyane Wade ended his storied career with a triple-double of 25 points, 11 rebounds and 10 assists as visiting Miami was dealt a loss to Brooklyn, which clinched sixth place in the Eastern Conference.

The Nets honored Wade with a video tribute in pregame introductions by highlighting some of his notable shots against them over the course of a 16-year career while the text on the screen read “Thanks for the Memories.”

With longtime friends LeBron James, Chris Paul and Carmelo Anthony sitting courtside, Wade recorded his fifth career triple-double in his 1,054th regular-season game since entering the league as the fifth overall pick out of Marquette in 2003.

Spurs 105, Mavericks 94

LaMarcus Aldridge poured in 34 points and totaled 16 rebounds to help propel San Antonio to a resounding win over visiting Dallas in the regular-season finale for both teams.

It was also the final game in the 21-year career of Dallas forward Dirk Nowitzki, who led Dallas with 20 points and pulled down 10 rebounds in 31 minutes of play before leaving the court for the final time with 47 seconds remaining.

The win was San Antonio’s third straight and — combined with Oklahoma City’s win over Milwaukee — earned the Spurs the seventh seed in the NBA playoffs, where they will face the Denver Nuggets. Dallas, playing the second game of an emotional home-road back-to-back, had a two-game winning streak snapped and they will miss the postseason for the third straight season.

Trail Blazers 136, Kings 131

Rookie Anfernee Simons scored a season-high 37 points to lift Portland to a come-from-behind victory over visiting Sacramento.

Skal Labissiere added 29 points and 15 rebounds for the Trail Blazers, who trailed by as many as 28 points in the first half.

Jake Layman, Meyers Leonard and Gary Trent Jr. scored 19 points apiece for Portland (53-29), which gained the No. 3 seed in the Western Conference and will face No. 6 Oklahoma City (49-33) in the first round of the playoffs.

Nuggets 99, Timberwolves 95

Jamal Murray hit a go-ahead 3-pointer with 31.5 seconds left, and host Denver scored the final 15 points of the game to beat Minnesota to earn the No. 2 seed in the Western Conference.

Nikola Jokic finished with 29 points and 14 rebounds and Murray scored 17 for Denver. The Nuggets (54-28) will play the San Antonio Spurs in the first round of the playoffs.

Andrew Wiggins scored 25 points, Gorgui Dieng had 18 points and 11 rebounds and Cameron Reynolds added 19 points off the bench for the short-handed Timberwolves (36-46).

Clippers 143, Jazz 137 (OT)

With their respective playoff spots locked, Los Angeles and Utah ended their regular seasons in overtime, where the Clippers won to end a three-game losing streak.

Montrezl Harrell scored 24 points to lead the Clippers. Ivica Zubac added 22 points and 11 rebounds and Lou Williams scored 15 off the bench.

Utah rookie Grayson Allen scored a career-high 40 points and Georges Niang scored a career-best 24 off the bench.

Thunder 127, Bucks 116

Dennis Schroder scored 32 points to help Oklahoma City earn the No. 6 seed in the Western Conference with a win at Milwaukee.

The Bucks, who had already sealed the top seed in the Eastern Conference coming into the game, sat three starters — Giannis Antetokounmpo, Eric Bledsoe and Brook Lopez — to rest them for the playoffs.

Milwaukee (60-22) will start the playoffs against the eighth-seeded Detroit Pistons (41-41). The Thunder (49-33) will open the playoffs against the third-seeded Portland Trail Blazers (53-29).

Pacers 135, Hawks 134

Edmond Sumner made three free throws with 0.3 seconds remaining to lift Indiana to a road win over Atlanta in the final regular-season game for both teams.

Atlanta finished the season with a 29-53 record while Indiana (48-34) heads into the playoffs winners of only four of its last 13 games.

The fifth-place Pacers will oppose the fourth-place Boston Celtics (49-33) in the first round of the Eastern Conference postseason.

Magic 122, Hornets 114

Terrence Ross came off the bench to score a season-high 35 points, and playoff-bound Orlando ended Charlotte’s season.

Ross scored 19 of his points in the first half, when the Magic led by as many as 13. He finished 12 of 19 from the field and 6 of 10 from 3-point range. Ross’ performance overshadowed a 43-point explosion by Charlotte’s Kemba Walker in the defeat.

The Magic (42-40) remained the No. 7 seed in the Eastern Conference playoffs with the victory, and will face second-seeded Toronto in the first round of the playoffs.

Grizzlies 132, Warriors 117

Memphis dizzied visiting Golden State in the regular-season finale for both teams, parlaying a remarkable 86-point first half into a shocking win.

The loss had no bearing on the playoff seeding for the Warriors (57-25). The two-time defending champions enter the postseason as the top seed in the Western Conference and they will open the playoffs against the No. 8 seed, the Los Angeles Clippers, who defeated the Utah Jazz, 143-137, in overtime Wednesday.

The win allowed the Grizzlies (33-49) to avoid what would have been a second straight season of at least 50 losses. Rookie Jevon Carter scored 19 of his career-high 32 points in the first half, when the Grizzlies ran off to an 86-68 lead.

76ers 125, Bulls 109

Jonathon Simmons scored 20 points and Boban Marjanovic added 18 to lift host Philadelphia over Chicago.

T.J. McConnell tied his career-high with 18, Zhaire Smith contributed 17 and Greg Monroe had 14 for the Sixers, who completed their regular season with a 51-31 record and the No. 3 playoff seed in the Eastern Conference. The Sixers finished 31-10 at home.

The Sixers were extremely short-handed as numerous key players were held out for precautionary reasons as the playoffs are about to begin. All-Star center Joel Embiid, All-Star guard Ben Simmons, guard JJ Redick, forward Jimmy Butler and forward Tobias Harris were all held out.

–Field Level Media

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Offshore drilling center stage as lawmakers grill Trump Interior pick

FILE PHOTO: U.S. President Donald Trump and acting U.S. Secretary of Interior David Bernhardt arrive to place a wreath at the Martin Luther King Memorial in Washington
FILE PHOTO: U.S. President Donald Trump and acting U.S. Secretary of Interior David Bernhardt arrive to place a wreath at the Martin Luther King Memorial in Washington, U.S., January 21, 2019. REUTERS/Joshua Roberts

March 28, 2019

By Nichola Groom

(Reuters) – U.S. lawmakers will quiz President Donald Trump’s new pick to lead the Interior Department on Thursday, focusing on the former energy and mining lobbyist’s plans to expand fossil fuels production from the United States’ public lands and waters.

The Interior Department, which oversees more than a fifth of the U.S. land surface from Alaska to the Gulf of Mexico, has been central to Trump’s policy of boosting domestic crude oil, natural gas and coal production.

David Bernhardt, 49, has been acting secretary at the department since December when his predecessor Ryan Zinke resigned under a cloud of ethics investigations.

Like Zinke, he is widely seen as a proponent of expanding energy and mining leasing on public acreage.

The Senate’s 20-member energy and natural resources committee will hold Thursday’s hearing. If approved by the panel, Bernhardt’s nomination will advance to the Republican-controlled Senate where he is widely expected to pass.

Offshore drilling is likely to take center stage.

A group of 17 Democratic senators sent a letter to Bernhardt earlier this month calling on him to release the details of the Interior Department’s new five-year offshore drilling plan due in the coming weeks, which is widely expected to expand drilling into new areas of the Atlantic, Pacific, and Arctic over the objections of coastal states.

Senators are also likely to question Bernhardt over a New York Times report this month that he helped block the release of a Fish and Wildlife Service report on the risks that pesticides pose to endangered species.

Interior denied the report had been blocked and said the timing was being “governed solely by legitimate concerns.”

A Colorado native, Bernhardt held a series of positions at the Interior Department under Republican former President George W. Bush from 2001 to early 2009.

He then became a lawyer and lobbyist at the Denver law firm Brownstein Hyatt Farber Schreck where he represented Noble Energy Inc, Rosemont Copper Co, Sempra Energy, and California’s Westlands Water District, among other clients.

Critics say Bernhardt’s work as a lobbyist could risk conflicts of interest, unless he recuses himself from certain issues, because he worked for companies that would benefit from decisions to open more lands to development.

(Reporting by Nichola Groom; editing by Jonathan Oatisditing by Jonathan Oatis)

Source: OANN

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Nebraska flooding that impacted capital's water supply seen in time-lapse video

A rush of water that flooded a wellfield for the water system of Nebraska’s capital on Sunday and spawned restrictions can be seen in a stunning time-lapse video.

The Lincoln Police Department posted the video to Twitter from the flooding at Thomas Lake that was captured on a security camera. The well fields sit near Ashland, about 22 miles northeast of Lincoln.

In the nearly hour-long video sped up to 25 seconds, the water from record flooding along the Platte River can be seen eroding away the land as it rushes into the area.

"Notice the electricity from the power pole as it gets sucked into the water," police said. "The ground crumbles into the water."

NEBRASKA FLOODS SWAMP AIR FORCE BASE, AS DEVASTATION FROM 'BOMB CYCLONE' SEEN IN SATELLITE PHOTOS

The power poles and lines eventually fall down as the soil washes away, and electrical arcs can be seen as the live power lines fall into the flood waters.

Cars are stuck in floodwaters Tuesday, March 19, 2019, in Fremont, Neb.

Cars are stuck in floodwaters Tuesday, March 19, 2019, in Fremont, Neb. (Brendan Sullivan/Omaha World-Herald via AP)

The breach, in addition to other complications due to the flooding, led to water restrictions on Sunday night.

Lincoln Mayor Chris Beutler said the system lost temporarily lost pressure Sunday evening. It was again producing drinkable water by 9:30 p.m., but the city officials said a partial power loss at the wellfields has created a "tenuous situation."

"All Lincoln Water System users must immediately follow the mandatory water use restrictions. The need for restrictions is being evaluated on a daily basis," city officials said online. "The restrictions will be lifted as soon as repairs are made to increase production."

Residents are asked to reduce their water usage by 50 percent, while industrial, commercial and institutional users have been asked to reduce their consumption by 25 percent.

MIDWEST FLOODS DEVASTATE NEBRASKA CITY, LEAVING MANY WITHOUT HOMES

Officials said that water usage Sunday likely drew down the 100 million gallons stored inside city limits. Ten million more gallons are stored in Ashland.

This Monday, March 18, 2019 photo taken by the South Dakota Civil Air Patrol and provided by the Iowa Department of Homeland Security and Emergency Management, shows flooding along the Missouri River in rural Iowa north of Omaha, Neb.

This Monday, March 18, 2019 photo taken by the South Dakota Civil Air Patrol and provided by the Iowa Department of Homeland Security and Emergency Management, shows flooding along the Missouri River in rural Iowa north of Omaha, Neb. (Iowa Homeland Security and Emergency Management via AP)

Water contamination is not a concern because the water is drawn from the aquifer 80 feet below the river surface and the city's two water treatment facilities are operational, according to officials.

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The opportunity for system workers to check the wellfields and lines and restore power depends on water in the river receding.

The National Weather Service says the river continues to run high near the wellfields as of Wednesday morning but has dropped just below flood stage to 19.5 feet since cresting Saturday morning.

"The river is expected to continue to run high through Wednesday, mostly below flood stage," the NWS said. "The river is at bankfull and overflows begin onto farmlands on both sides of the gage."

The Associated Press contributed to this report.

Source: Fox News National

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

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A remote controlled robot for the 'Isotopium: Chernobyl' game is seen at the game's location in Brovary
A remote controlled robot for the ‘Isotopium: Chernobyl’ game is seen at the game’s location in Brovary, Ukraine April 25, 2019. REUTERS/Valentyn Ogirenko

April 26, 2019

By Margaryta Chornokondratenko

KIEV (Reuters) – A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone’s idea of fun but has attracted 60,000 people globally since its launch in October.

Players of “Isotopium: Chernobyl” drive tanks around the ghost town of Prypyat near Chernobyl, knocking out competitors as they search for an energy source called isotopium and collecting points every time they find some.

While the game takes its theme from the nuclear disaster at Chernobyl in northern Ukraine, which marked its 33rd anniversary on Friday, it was also inspired by the 2009 science fiction film “Avatar”.

Newcomers to the game think they have entered a virtual world when in fact they are controlling a real robot, equipped with a camera and computer, which makes its way around a model of the town rendered down to the tiniest detail.

“When playing our game, for the first 5-10 minutes many players don’t understand that it is not fictional,” said the game’s co-founder Sergey Beskrestnov. “They message us saying: ‘You have cool texture, you have good graphics, your designer is good, well done. You have a cool operating system.’

“People then reply: ‘It is not an operating system, it is real,’ and the player can’t believe it is real,” said Beskrestnov, speaking mid-game from Prypyat city square as he towers over surrounding five-storey buildings.

Kiev-born Beskrestnov was just 12 years old when on April 26, 1986 a botched test at the nuclear plant in the then Soviet Union sent clouds of smoldering nuclear material across large swathes of Europe, forced over 50,000 people, including Beskrestnov’s family, to evacuate and poisoned unknown numbers of workers involved in its clean-up.

Beskrestnov and his partner Alexey Fateyev used Google maps and hundreds of pictures from the Chernobyl area to recreate Prypyat landmarks, including residential buildings, a hotel, concert hall, amusement park and a stadium.

The game’s real-scale model occupies a 180 square meter (1,938 sq. ft) basement of a residential building in the Ukraine city of Brovary, just 150 km (93 miles) from the Chernobyl Exclusion Zone and 30 km east of Kiev.

Miniature radioactivity warning signs, graffiti on the walls of abandoned buildings and tables and chairs left scattered inside a small cafe all add to the creepy atmosphere of a once lively town.

“It’s a really neat concept …,” Shaun Prescott wrote in a review of the game published by PC Gamer magazine in January. “Controlling the tanks is kinda cumbersome, but they are tanks, after all.”

An attentive player will notice at least one inaccuracy – the real Chernobyl nuclear power plant is not located in town as it is in the game.

It costs $9 to immerse in the atmosphere of a post-apocalyptic town for an hour but only 20 people at a time can play simultaneously. Beskrestnov’s company, Remote Games, said 62,615 people around the world have registered to play the game, including around 15,000 in France and 10,000 in the United States.

A camera fixed on top of a moving tank broadcasts high quality signal in real time, allowing players from as far apart as Australia and Canada enjoy the game without facing any time delay in delivering video signals.

Its creators next ambition is to devise a game featuring the colonization of Mars in which 1,000 people will be able to simultaneously control robots on different missions involved in the operation.

“Many people advise us to contact Elon Musk directly because it resonates his dreams and ideas,” Beskrestnov jokes.    

(Editing by Susan Fenton)

Source: OANN

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FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California
FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China.

The company on Thursday beat brokerage estimates for quarterly same-store sales on the back of demand for its new Cloud Macchiato, Matcha tea and cold brews in the United States.

However, BTIG’s Peter Saleh was one of a number of sector analysts who said while customers forking out for higher-priced new drinks had helped drive growth in same-store sales, “anemic” traffic at cafes remained a concern.

He and others pointed to a 1 percent decline in footfall at cafes in the Chinese market, viewed as crucial to the chain’s growth for the foreseeable future.

More broadly, transaction numbers, the substitute analysts use for customer traffic, were unchanged in all three of the company’s global regions.

Shares in the company, which hit a record high after the results on Thursday, fell 1 percent in morning trade.

“We remain cautious given near-term headwinds surrounding China, including cannibalization, increasing competition (and) a slowing economy,” Wedbush analyst Nick Setyan said.

Starbucks has also poured money into beefing up its delivery network in China as it battles with local startup Luckin Coffee, whose speedy growth led it to file for an IPO in the United States earlier this week.

New menu items and partnerships with delivery services, the heart of the company’s strategy to win back customers lost to artisanal coffee shops and cheaper fast-food rivals, did help Starbucks’ sales in its home market.

However, analysts said growth in China may continue to be subdued.

Wells Fargo analyst Bonnie Herzog said she expects store expansion in China to take priority over comparable sales growth.

She downgraded her rating on Starbucks’ to “market perform” from “outperform”, arguing that the company facing tough sales comparisons later on in 2019 from last year and the current rich valuation of shares meant the stock had limited room to rise.

“Investors will be hesitant to invest new money in a stock with a topline that, while still strong, is unlikely to meaningfully accelerate,” Herzog said.

Still, the company’s solid same-store growth in the United States, improving profit margins and a lower tax rate for the rest of the year led at least 6 Wall Street brokerages to raise their price targets on the stock to as high as $81.

11 of 29 brokerages rate Starbucks “buy” or higher, 17 “hold” and 1 “sell” or lower. Their median price target is $75.

(Reporting by Uday Sampath in Bengaluru)

Source: OANN

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