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Murder scene of Putin's foe in London was 'trashy set up of a suicide', devastated daughter says

The murder scene of Russian President Vladimir Putin’s enemy was a “trashy set up of a suicide,” his daughter said on the one-year anniversary of the ordeal.

Nikolai Glushkov, a 68-year-old London-based Russian businessman, was murdered last year in his London home after an autopsy revealed that he died from compression to the neck.

This prompted British authorities to launch a murder investigation, with detectives saying that he may have been murdered because of “the associations Mr. Glushkov is believed to have had.”

'NOTHING CRIMINAL' ABOUT 2 SUSPECTS IN NOVICHOK POISONING, PUTIN SAYS

He was closely associated with Boris Berezovsky, a Russian oligarch and strong Kremlin critic who died under disputed circumstances in 2013, and a friend of assassinated Alexander Litvinenko.

Speaking out about the ordeal for the first time since her father's death, Natalia Glushkova is now providing more details about the murder that so far netted no identified suspects.

Natalia Glushkova is now speaking out about the ordeal for the first time since her father’s death, providing more details about the murder that so far netted no identified suspects.

Natalia Glushkova is now speaking out about the ordeal for the first time since her father’s death, providing more details about the murder that so far netted no identified suspects. (Facebook)

She told the Guardian in a series of interviews that the murder scene looked like a targeted hit, with no sign of a break-in and no noise from her father’s ridgeback dog.

“I could see some traces of physical harm done to him. The picture was so trashy,” She said. “It looked like a cheap set-up of a suicide. My father was a kind soul, always positive, and a very refined person. I had never seen any sort of depression in him.”

Glushkov’s death last year also came just a week after the poisoning of ex-Russian spy Sergei Skripal and his daughter Yulia in Salisbury by agents of Russian military intelligence.

EX-RUSSIAN SPY SERGEI SKRIPAL'S POISONING: WHAT TO KNOW

Glushkova said her father’s death may have been linked to the poison attack. “Skripal’s case was very loud. If you want something to go unnoticed you make a firework,” she told the newspaper.

She said it’s “literally devastating” that a year after the murder, the authorities haven’t produced a single suspect and told others to “care and spend time with the ones they love, as much as they can, and never think there is a tomorrow for somebody they care about.”

Commander Clarke Jarrett, head of the Met's counter-terrorism command, which is investigating the murder, told the Telegraph that inquiries have been made concerning the murder and said that nearly 2,000 witnesses were contacted in addition to watching over 2,200 hours of CCTV footage.

“Mr Glushkov was murdered a year ago and we have made and continue to make extensive inquiries to establish the motive and identify anyone who may have been involved,” he said.

CLICK TO GET THE FOX NEWS APP

“We remain absolutely committed and determined to identify and bring those responsible for his murder to justice and I would urge anyone who may have information to contact us.”

The Associated Press contributed to this report.

Source: Fox News World

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Bengals RB Walton arrested again

FILE PHOTO: NFL: Cincinnati Bengals at Baltimore Ravens
FILE PHOTO: Nov 18, 2018; Baltimore, MD, USA; Cincinnati Bengals running back Mark Walton (32) reacts after tackling Baltimore Ravens wide receiver Chris Moore (not pictured) during the third quarter at M&T Bank Stadium. Mandatory Credit: Tommy Gilligan-USA TODAY Sports

April 4, 2019

Cincinnati Bengals running back Mark Walton surrendered to police in Florida on Thursday, marking his third arrest of 2019.

The Miami Herald reported that Walton was arrested on felony charges of carrying a concealed weapon, along with marijuana possession and reckless driving in connection with an incident that occurred March 12 in North Miami-Dade.

That evening, police tried to pull over Walton as he drove erratically. When he did park the car, he got out and ran away. He was shot in the back with a stun gun as tried to escape but managed to remove the prongs and vanish, according to the newspaper, citing court documents.

A search of the car, which had been rented in Walton’s name, resulted in police locating a 9 mm carbine rifle, several loaded clips and 14 grams of marijuana, according to police. He had purchased the weapon legally.

On Feb. 16, he was arrested and charged with misdemeanor battery in South Florida.

Police said those charges stemmed from an argument he had with a couple at his condominium complex over his car blocking the entrance to the parking garage, the Miami Herald reported.

A scuffle occurred when Walton, apparently angry the woman was recording their confrontation on her phone, took the phone from her, according to the Herald. Walton and the woman sustained scratches in the incident.

He also was arrested on a misdemeanor marijuana possession charge in January and is awaiting trial.

Walton, 22, played his college football at Miami and was taken by the Bengals in the fourth round of the 2018 NFL Draft. He saw limited action, gaining 34 yards on 14 carries.

–Field Level Media

Source: OANN

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Germany to press for tax cooperation, debt transparency at IMF/G20 meetings

FILE PHOTO: Finance Minister Olaf Scholz addresses a news conference to present the budget plans for 2019 and the upcoming years in Berlin
FILE PHOTO: Finance Minister Olaf Scholz addresses a news conference to present the budget plans for 2019 and the upcoming years in Berlin, Germany March 20, 2019. REUTERS/Fabrizio Bensch/File Photo

April 5, 2019

BERLIN (Reuters) – German Finance Minister Olaf Scholz will urge financial leaders next week to agree on a minimum level of corporate taxation globally and increase debt transparency in developing countries, a senior German government official said on Friday.

The talks in Washington will be dominated by political risks such as trade disputes and Britain’s departure from the European Union, said the government official who spoke on condition of anonymity.

Scholz, who is likely to face calls to increase fiscal stimulus to counter the effect of a slowing economy, will tell allies that Germany’s large current account surplus will shrink gradually due to vibrant domestic demand and higher state spending, the official added.

Finance ministers and central bank governors of the world’s 20 biggest economies are due to meet in Washington next week with the state of the global economy and political risks to growth at the top of the agenda.

(Reporting by Michael Nienaber; editing by Thomas Seythal and Alexander Ratz)

Source: OANN

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Recovery of Falklands war helmets helps heal wounds

Jorge Altieri runs his hands over old blood stains on a helmet that saved his life in 1982 when Argentina and Britain went to war over the Falkland Islands.

Looking at the treasured object is still a novelty: The helmet was recently returned to Altieri decades after he lost it on the battlefield where he was almost killed by shrapnel.

"I have it next to me now and I use it like a teddy bear," Altieri said. "I look at it and I get teary-eyed from all the memories."

Argentina lost the war for the South Atlantic archipelago after its troops embarked on an ill-fated invasion nearly 37 years ago, an international humiliation that claimed the lives of 649 Argentines and 255 British soldiers.

Argentina still claims the islands, which it calls the Malvinas. Britain says the Falklands are a self-governing entity under its protection.

After decades of tense relations, though, both countries have experienced a thaw, including a deal that allowed a multinational team of experts to exhume and identify the remains of dozens of Argentine soldiers.

Today, veterans and relatives of those who died also say the recovery of objects taken as war trophies has helped heal their scars.

"I can't stop looking at it, thinking of what it did to stop the bomb shrapnel blowing my head off," Altieri said about his helmet, although he still lost an eye and part of his brain in a blast during battle for Mount Longdon on June 12, 1982, two days before fighting stopped.

In a parallel tale of reconciliation, Argentine veteran Diego Carlos Arreseigor announced March 7 that he is planning to return the blood-stained helmet of fallen British soldier Alexander Shaw, who was killed at Mount Longdon at age 25.

The helmet is expected to be delivered to Shaw's sister, Susan, in April or May.

"Susan touched me with her spirituality. She was 15 when her brother left for the war," Arreseigor told The Associated Press.

Arreseigor said he had picked up the helmet in a pile of discarded equipment and hid it from a British soldier by keeping it under his jacket.

"I kept it these 37 years, always considering it a trophy of war, a sort of consolation for the loss and the pain of so many fallen friends," he said.

Some years ago he became curious about who had worn it and noticed it had a last name written on one of its interior belts.

Arreseigor eventually found out Shaw's identity and learned he had been a victim of Argentine artillery.

"The story moved me. Knowing that he died just hours before the cease-fire. ... it's sad like all war stories," he said. "I just turned 60 and I demand our sovereignty over Las Malvinas, but I also pay homage to all of those who died — Argentine and British — because I think that's the way to rebuild."

For Altieri, having his helmet has helped him find similar closure.

After the war's cease-fire, Altieri's helmet was taken to London by a British paratrooper who had pulled it from a heap of military equipment. After the man passed away, it was kept by his family until it was put up for auction four years ago.

At the time, Altieri offered about $520 (400 pounds), but a British man who collects war objects paid twice that amount and Altieri failed to persuade him to sell it.

"He'd say: 'Even if the queen comes asking for it, I won't give it away,'" Altieri recalled.

Some days ago, however, the helmet briefly went up for auction again on eBay for about $13,000 (10,500 pounds). When it was taken off the site, Altieri feared he had lost it for good until he heard the news: An anonymous Argentine entrepreneur had bought it for Altieri.

"All the memories of what I lived in the Malvinas came back to me," Altieri said.

He now hopes to display it at home before donating it to a Falklands war museum. "I want people to see it and see what happened to us there."

___

Associated Press journalists Paul Byrne and Natacha Pisarenko contributed to this report.

Source: Fox News World

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Vietnamese activists say police restrict movements during Trump-Kim summit

Policemen are seen near the Metropole Hotel ahead of the North Korea-U.S. summit in Hanoi
Policemen are seen near the Metropole Hotel ahead of the North Korea-U.S. summit in Hanoi, Vietnam February 27, 2019. REUTERS/Jorge Silva

February 27, 2019

By James Pearson

HANOI (Reuters) – More than a dozen prominent Vietnamese political activists say police have stepped up surveillance and prevented them from leaving their homes in Hanoi as the Vietnamese capital hosts a summit between the leaders of the United States and North Korea.

Despite sweeping economic and social reforms in the Vietnam, the ruling Communist Party retains tight controls on media and does not tolerate criticism.

Hosting the second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un has been seen as a public relations coup for Vietnam and Prime Minister Nguyen Xuan Phuc has said security should be a top priority.

Hanoi has branded itself a “city for peace” for hosting the summit.

Nguyen Chi Tuyen, an activist known as Anh Chi, said security officials had been stationed outside his house for two days.

“They follow me everywhere I go and warn me that I may be detained if I cross the river into the (city) center,” he told Reuters on Wednesday.

Police told him they will guard his house until March 1 and not to take photos of them, he added.

Vietnam’s foreign ministry did not immediately respond to a request for comment.

Trump and Kim meet on Wednesday evening at Hanoi’s French-colonial-era Metropole Hotel for the start their second summit in less than a year, seeking to break a stalemate over the North’s nuclear weapons.

Dao Thu Hue, a Chinese teacher at a university in Hanoi known for her anti-communist protests, said police started restricting her movements on Tuesday evening. Her house is often sealed off during major events.

“This time they are tighter and very determined. They don’t say why they are blocking my house, only say ‘we are following orders’,” Hue said.

Bui Hang, an activist based in the southern city of Vung Tau, told Reuters someone had padlocked her door from the outside and glued it in place.

Some other activists said they managed to strike compromises with security officers.

“I have been under guard for several days but there is still room to negotiate,” said activist La Dung, speaking as he was riding on the back a local security officer’s motorbike on his way to play a game of tennis.

“They said tennis is OK, but other things is a no,” Dung laughed.

Activist Mai Phuong Thao, known as Thao Teresa, said she has been prevented from leaving her house since Monday.

Police looked into her house several times a day to see if she was there or to hear her voice, but she said she has her own way to leave the house when she needs to.

Singer and activist Mai Khoi posted a video of herself on Twitter sticking her middle finger up as Trump’s motorcade was passed on Tuesday night with a caption “Peace on you, Trump!”.

Last time Trump was in Vietnam in 2017, she held a poster that said “Piss on you Trump”.

She was locked inside her house for several hours after that protest.

(Reporting by James Pearson; Editing by Lincoln Feast)

Source: OANN

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US plans tests this year of long-banned types of missiles

The Pentagon plans to begin flight tests this year of two types of missiles that have been banned for more than 30 years by a treaty from which both the United States and Russia are expected to withdraw in August, defense officials said Wednesday.

By moving forward with these missile projects, the Pentagon is not excluding the possibility that the Intermediate-Range Nuclear Forces Treaty could still survive, although it likely will be terminated in August. At that point, Washington and Moscow would no longer face legal constraints on deploying land-based cruise or ballistic missiles with ranges between 500 and 5,500 kilometers (310 to 3,410 miles). The INF treaty has been in effect since 1987.

The INF treaty was an arms control landmark in the final years of the Cold War, but it began unraveling several years ago when Washington accused Russia of developing, testing and, more recently, deploying a cruise missile that U.S. officials say violates the treaty. Russia denies the violation and contends the U.S. accusation is a ploy to destroy the treaty.

Intermediate-range weapons are regarded as particularly destabilizing because of the short time they take to reach a target.

When he announced on Feb. 1 that the U.S. would pull the plug on the INF treaty, President Donald Trump said his administration would "move forward" with developing a military response to Russia's alleged violations. He was not specific, but defense officials on Wednesday spelled out a plan for developing two non-INF compliant, non-nuclear missiles.

The officials, who spoke to a small group of reporters under Pentagon ground rules that did not permit use of their names or titles, said one project is a low-flying cruise missile with a potential range of about 1,000 kilometers; the other would be a ballistic missile with a range of roughly 3,000 to 4,000 kilometers. Neither would be nuclear armed, the officials said.

The U.S. cruise missile is likely to be flight-tested in August, one official said, adding that it might be ready for deployment within 18 months. The longer-range ballistic missile is expected to be tested in November, with deployment not likely for five years or more, the official said. If Russia and the U.S. were to reach a deal to rescue the INF treaty before August, these projects would not go forward.

The cruise missile recalls a nuclear-armed U.S. weapon that was deployed in Britain and several other European NATO countries in the 1980s, along with Pershing 2 ground-based ballistic missiles, in response to a buildup of Soviet SS-20 missiles targeting Western Europe. With the signing of the INF treaty, those missiles were withdrawn and destroyed.

The defense officials said U.S. allies in Europe and Asia have not yet been consulted about deploying either new missile on their territory. NATO is currently studying the implications of the demise of the INF treaty and possible military responses.

One defense official said it was possible that the intermediate-range ballistic missile could be deployed on Guam, a U.S. territory, which would be close enough to Asia to pose a potential threat to China and Russia.

Arms control advocates and Democrats in Congress have questioned the wisdom of leaving the INF treaty, while accepting U.S. allegations that Russia is violating it by deploying a cruise missile that can target American allies in Europe.

"The Russians have been violating the INF treaty for years but, instead of focusing world opinion against the Russians, the Trump administration decided to withdraw from the treaty," Rep. Adam Smith, the Democratic chairman of the House Armed Services Committee, said recently. "Instead of punishing the Russians, the administration has announced it would sink to the level of the Russians."

Daryl Kimball, executive director of the Arms Control Association, said Wednesday the Pentagon has not yet established a military requirement for a ground-launched cruise or ballistic missile of intermediate range.

"It is unwise for the U.S. and NATO to match an unhelpful action by Russia with another unhelpful action," Kimball said. The alliance also needs to develop a post-INF arms control strategy because "if the United States tries to bully NATO into accepting deployment of such missiles, it is going to provoke a destabilizing action-reaction cycle and missile race."

Source: Fox News National

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Man who found dead baby says mother treated boy 'like trash'

A Sioux Falls man who discovered a dead baby in a ditch 38 years ago says the woman who gave birth to the boy and was last week charged in his death threw the child away "like trash."

Lee Litz told the Sioux Falls Argus Leader that he cried tears of relief when he learned 57-year-old Theresa Bentaas was arrested Friday and charged with murder and manslaughter in the killing of the child known as Baby Andrew. Litz found his body wrapped in a blanket in a cornfield ditch in February 1981.

Sioux Falls Police used DNA to determine Bentaas was the biological mother. She's being held on a $250,000 bond.

Litz says his family and the 50 strangers who attended the infant's funeral are his true family.

___

Information from: Argus Leader, http://www.argusleader.com

Source: Fox News National

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One of Joe Biden’s newly-hired senior advisers has seemingly had a very recent change of heart.

Symone Sanders, a prominent Democratic strategist and Sen. Bernie Sanders, I-Vt., staffer in 2016, was announced as one of the big-name members of Team Biden on Thursday.

But Sanders, who has also served as a CNN contributor, is seen in resurfaced footage from November 2016 expressing her opposition to a white person leading her party after Donald Trump’s election.

“In my opinion, we don’t need white people leading the Democratic party right now,” Sanders told host Brianna Keilar during a discussion on Howard Dean potentially becoming DNC chairman.

BIDEN HIRES FORMER BERNIE SANDERS’ SPOKESPERSON AS SENIOR ADVISER

“The Democratic party is diverse, and it should be reflected as so in leadership and throughout the staff, at the highest levels. From the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” she said.

Sanders wrapped up her remarks by saying: “I want to hear more from everybody. I want to hear from the millennials and the brown folks.”

Footage of the interview was resurfaced by RealClearPolitics.

After news of her hiring broke on Thursday, Sanders backed her new boss on Twitter.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG

“@JoeBiden & @DrBiden are a class act. Over the course of this campaign, Vice President Biden is going to make his case to the American ppl. He won’t always be perfect, but I believe he will get it right,” she wrote.

The hiring of Sanders has been viewed as another indication of the expected tough fight that Biden and Sanders are in for as the two frontrunners battle a deep Democratic field.

While Sanders himself didn’t torch Biden as he jumped into the race, it’s clear that many of his progressive supporters view the former vice president as a threat.

Biden’s entry into the race – at least in the early going – sets up a battle between himself and Sanders, who thanks to his fierce fight with eventual nominee Hillary Clinton for the 2016 Democratic nomination, enjoys name ID on the level of the former vice president.

BIDEN VOWS THAT ‘AMERICA IS COMING BACK,’ SPARKING ‘MAGA’ COMPARISONS

Justice Democrats — who also called Biden “out-of-touch” – is an increasingly influential group among the left of the party. They’ve championed progressive Rep. Alexandria Ocasio-Cortez of New York as well as Sanders. The group was founded by members of Sanders 2016 presidential campaign.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Former Democratic National Committee chair Donna Brazile – a Fox News contributor – highlighted that “Joe Biden can occupy his own lane in large part because he’s earned it. He’s earned the right to call himself whatever.”

CLICK HERE TO GET THE FOX NEWS APP

But she emphasized that “elections are not about the past, they’re about the future…I do believe he has the right ingredients. The question is can he find enough people to help him stir the pot.”

Fox News Andrew O’Reilly contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad
FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22, 2017. REUTERS/Mike Blake/File Photo

April 26, 2019

By Amit Dave and Mayank Bhardwaj

AHMEDABAD/NEW DELHI (Reuters) – PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday.

Pepsi has sued the farmers for cultivating the FC5 potato variety, exclusively grown for its popular Lay’s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips.

PepsiCo is seeking more than 10 million rupees ($142,840.82) each for alleged patent infringement.

The farmers grow potatoes in the western state of Gujarat, a leading producer of India’s most consumed vegetable.

“We have been growing potatoes for a long time and we didn’t face this problem ever, as we’ve mostly been using the seeds saved from one harvest to plant the next year’s crop,” said Bipin Patel, one of the four farmers sued by Pepsi.

Patel did not say how he came by the PepsiCo variety.

A court in Ahmedabad, the business hub of Gujarat, on Friday agreed to hear the case on June 12, said Anand Yagnik, the lawyer for the farmers.

“In this instance, we took judicial recourse against people who were illegally dealing in our registered variety,” A PepsiCo India spokesman said. “This was done to protect our rights and safeguard the larger interest of farmers that are engaged with us and who are using and benefiting from seeds of our registered variety.”

PepsiCo, which set up its first potato chips plant in India in 1989, supplies the FC5 potato variety to a group of farmers who in turn sell their produce to the company at a fixed price.

The All India Kisan Sabha, or All India Farmers’ Forum, has asked the Indian government to protect the farmers.

The farmers’ forum has also called for a boycott of PepsiCo’s Lay’s chips and the company’s other products.

The Ministry of Agriculture & Farmers’ Welfare did not immediately respond to an email seeking comment.

PepsiCo is the second major U.S. company in India to face issues over patent infringement.

Stung by a long-standing intellectual property dispute, seed maker Monsanto, which is now owned by German drugmaker Bayer AG, withdrew from some businesses in India over a cotton-seed dispute with farmers, Reuters reported in 2017. (reut.rs/2ncBknn)

(Reporting by Amit Dave in AHMEDABAD and Mayank Bhardwaj in NEW DELHI; Editing by Martin Howell and Louise Heavens)

Source: OANN

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FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo

April 26, 2019

By P.J. Huffstutter and Shradha Singh

CHICAGO/BENGALURU (Reuters) – Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41 percent in the first quarter.

ADM said it was creating an ethanol subsidiary, which will include dry mills in Columbus, Nebraska; Cedar Rapids, Iowa; and Peoria, Illinois.

The ethanol subsidiary will report as an independent segment, the company said, allowing options “which may include, but are not limited to, a potential spin-off of the business to existing ADM shareholders.”

Results were hit by the “bomb cyclone” blizzards that devastated the Midwest and Great Plains this year, causing massive flooding across Nebraska, Iowa and Missouri, washing out rail lines and wreaking havoc in the moving and processing of corn, soybeans and wheat. One-sixth of U.S. ethanol production was halted.

In March, ADM warned Wall Street that flooding and severe winter weather in the U.S. Midwest would reduce its first-quarter operating profit by $50 million to $60 million.

“The first quarter proved more challenging than initially expected,” said Chairman and Chief Executive Officer Juan Luciano, with earnings down in its starches, sweeteners and bioproducts unit. Luciano said impacts of the severe weather ultimately “were on the high side of our initial estimates”.

Ongoing problems in the ethanol industry added to the problems and “limited margins and opportunities” for ADM, Luciano said.

The ethanol industry has been in the midst of a historic downswing due to the U.S.-China trade war, excess domestic supply and weak margins.

ADM, which had been an ethanol pioneer, signaled to Wall Street in 2016 that it was hunting for options and considering sales of its U.S. dry ethanol mills. Luciano told Reuters this year that offers ADM had received for the mills were too low.

In addition, ADM said it planned to repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches.

Other major traders are alsy trying to distance themselves from struggling ethanol businesses. Louis Dreyfus Company BV spun off its Brazilian sugar and ethanol business Biosev in 2013. Rival Bunge sold its sugar book and has sought a buyer for its Brazilian mills since 2013.

ADM, which makes money trading, processing and transporting crops, such as corn, soybeans and wheat, has been looking to strengthen its core business. Last month it said it would seek voluntary early retirements of some North American employees and cut jobs as part of a restructuring effort.

The company expects to lower 2019 capital spending by 10 percent to between $800 million and $900 million.

Net earnings attributable to the company fell to $233 million, or 41 cents per share, in the three months ended March 31, from $393 million, or 70 cents per share, a year earlier.

Revenue fell to $15.30 billion from $15.53 billion. On an adjusted basis, the company earned 46 cents per share, while analysts on average had estimated 60 cents, according to IBES data from Refinitiv.

(Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta, Chizu Nomiyama and David Gregorio)

Source: OANN

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The Slack app logo is seen on a smartphone in this illustration
FILE PHOTO: The Slack app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Slack Technologies Inc, operator of the popular workplace instant-messaging app, reported a loss of $140.7 million in the fiscal year ended Jan. 31, 2019, the company said on Friday in a regulatory filing ahead of its planned public market debut.

The company said its daily active users exceeded 10 million in the three months ended Jan. 31, 2019.

Slack expects to trade on the New York Stock Exchange under the symbol “SK”, it said.

The San Francisco-based company is seeking to go public via a direct listing, making it the second big technology company after Spotify Technology SA to bypass the traditional route of listing shares through an initial public offering.

A direct listing is a cheaper way of becoming a public company as the process requires fewer investment banks and therefore lower fees.

In a direct listing, however, a company does not sell any new shares to raise money. Instead, it gives existing shareholders the opportunity to cash out.

Slack is the latest in a string of high-profile technology companies looking to go public this year. Lyft Inc, Pinterest and Zoom Video Communications have completed IPOs so far in 2019.

The company is hoping for a valuation of more than $10 billion in the listing, Reuters had previously reported. Some early investors and employees have been selling the stock at around $28, valuing the company close to $17 billion, Kelly Rodriques, CEO of Forge, a brokerage company, told CNBC on Thursday.

Slack set a placeholder amount of $100 million to indicate the size of the IPO. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

Its competitors include Microsoft Teams, a free chat add-on for Microsoft’s Office365 users.

(Reporting By Aparajita Saxena and Joshua Franklin in New York; Editing by Leslie Adler and Anil D’Silva)

Source: OANN

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FILE PHOTO: Candidate Zelenskiy reacts following the announcement of an exit poll in Ukraine's presidential election in Kiev
FILE PHOTO: Ukrainian presidential candidate Volodymyr Zelenskiy reacts following the announcement of the first exit poll in a presidential election at his campaign headquarters in Kiev, Ukraine April 21, 2019. REUTERS/Valentyn Ogirenko/File Photo

April 26, 2019

By Matthias Williams

KIEV (Reuters) – Russia’s decision to make it easier for residents of rebel-controlled eastern Ukraine to obtain a Russian passport is meant to test Ukraine’s new leader and the West should not recognize the documents, Lithuania’s foreign minister said on Friday.

Russian President Vladimir Putin signed the order on facilitating passports on Wednesday, three days after comedian Volodymyr Zelenskiy, a political novice, won a landslide victory in Ukraine’s presidential election.

Linas Linkevicius, whose own country also has strained relations with Moscow, told Reuters in an interview that the West should consider imposing new sanctions on Russia.

“This is a blatant violation of international law. And basically also a kind of test to the new (Ukrainian) leadership, which is also a usual game,” Linkevicius said.

“The least we can do (is) we shouldn’t recognize these passports. How to do that technically, it’s another issue to discuss. Also (we need) to look at additional sanctions,” said Linkevicius, whose small Baltic nation is a member of NATO and the European Union.

Western nations imposed sanctions on Russia over its 2014 annexation of Ukraine’s Crimea region and its support for armed separatists battling Kiev’s forces in eastern Ukraine. Some 13,000 people have been killed in that conflict despite a notional ceasefire signed in Minsk in 2015.

Linkevicius, who in Kiev on Friday became the first minister of an EU country since Ukraine’s election to meet President-elect Zelenskiy, said they had discussed the passport issue.

Zelenskiy also raised the possibility of resetting the Minsk ceasefire agreement without giving any concessions to Russia, Linkevicius said.

“DANGEROUS CANCER” OF GRAFT

The minister urged Zelenskiy to deliver on his electoral promise of tackling corruption, which he described as the “most dangerous cancer” facing Ukraine, which hopes one day to join the EU.

Last month, Lithuania’s own relations with Russia came under renewed strain after a Vilnius court found former Soviet defense minister Dmitry Yazov, in absentia, guilty of war crimes and crimes against humanity for his role in a 1991 crackdown against Lithuania’s pro-independence movement.

Russia branded the verdict “extremely unfriendly and essentially provocative” and opened a probe into the judges involved.

Linkevicius accused Russia of seeking to politicize the judicial process by trying to take revenge on the judges, adding: “This is lamentable.”

(Editing by Gareth Jones)

Source: OANN

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