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Ecuador president blames WikiLeaks for leak of private data

Ecuadorian President Lenín Moreno is blaming WikiLeaks for recent allegations of corruption in local outlets and the publication of family photos to social media.

In a speech to the Ecuadorian Broadcasting Association on Tuesday, Moreno accused WikiLeaks of intercepting phone calls and private conversations as well as "photos of my bedroom, what I eat, and how my wife and daughters and friends dance."

Moreno provided no evidence, but the speech reflected ongoing tension between WikiLeaks founder Julian Assange and his hosts at the Ecuadorian Embassy in London.

WikiLeaks in a statement called Moreno's charges "completely bogus," saying it reported on the accusations of corruption against the president only after Ecuador's legislature investigated the issue.

"If President Moreno wants to illegally terminate a refugee publisher's asylum to cover up an offshore corruption scandal, history will not be kind," WikiLeaks said in a statement.

Assange's defense team suggested on Twitter that Moreno was trying to use the scandal to pressure the WikiLeaks founder.

Source: Fox News World

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Trump tamps down expectations as he heads to Kim summit

Redefining success, President Donald Trump heads into his second meeting with North Korea's Kim Jong Un determined to tamp down expectations that he'll gain a roadmap to denuclearization. Yet he's still eager to claim an attention-grabbing victory to offset the political turmoil he faces at home.

Trump laid out ultimate goals for both the U.S. and Kim in an appearance before the nation's governors Monday before boarding Air Force One to fly to Vietnam: "We want denuclearization, and I think he'll have a country that will set a lot of records for speed in terms of an economy."

Worries abound across world capitals about what Trump might be willing to give up in the name of a win, but there seems less mystery about his North Korean counterpart. Survival of the Kim regime is always the primary concern.

Trump was the driving force behind this week's summit, aiming to re-create the global spectacle of his first meeting with Kim last year. But that initial summit in Singapore yielded few concrete results, and the months that followed have produced little optimism about what will be achieved in the sequel.

Trump is publicly unconcerned.

He once warned that North Korea's arsenal posed such a threat to humanity that he might have no choice but to rain "fire and fury" on the nation. However, in the leadup to the new summit, he's proclaimed himself in no hurry for Pyongyang to prove it is abandoning its weapons.

"I'm not in a rush. I don't want to rush anybody, I just don't want testing. As long as there's no testing, we're happy," Trump told the governors on Sunday.

In fact, he is ready to write himself into the history books before he and Kim even shake hands in Hanoi.

"If I were not elected president, you would have been in a war with North Korea," Trump said last week. "We now have a situation where the relationships are good — where there has been no nuclear testing, no missiles, no rockets."

While Trump was airborne, Kim's armored train was on the move in China, bound toward Vietnam's capital. Vietnamese officials promised security at "the maximum level." Reporters from 40 nations were expected to transmit the story to the world.

Kim inherited a nascent nuclear program from his father, and after years of accelerated effort and fighting through crippling sanctions, he built an arsenal that demonstrated the potential to rocket a thermonuclear weapon to the mainland United States. That is the fundamental reason Washington now sits at the negotiating table.

Kim, his world standing elevated after receiving an audience with a U.S. president, has yet to show a convincing sign that he is willing to deal away an arsenal that might provide a stronger guarantee of survival than whatever security assurance the United States could provide. The North Koreans have largely eschewed staff-level talks, pushing for discussions between Trump and Kim.

Though details of the summit remain closely held, the two leaders are expected to meet at some point one-on-one, joined only by translators.

The easing of tension between the two nations, Trump and his allies contend, stems from the U.S. president's own unorthodox and unpredictable style of diplomacy. Often prizing personal rapport over long-held strategic interests, Trump has pointed to his budding relationship with the young and reclusive leader, frequently showing visitors to the Oval Office his flattering letters from Kim.

Trump, who has long declared that North Korea represented the gravest foreign threat of his presidency, told reporters recently that his efforts to defang Pyongyang had moved Japanese Prime Minister Shinzo Abe to nominate him for a Nobel Peace Prize, something Abe would not confirm or deny.

Four main goals emerged from the first Trump-Kim summit: establishing new relations between the nations, building a new peace on the entire Korean Peninsula, completing denuclearization of the peninsula and recovering U.S. POW/MIA remains from the Korean War.

While some remains have been returned to the United States, little has been achieved on the other points. Korean and American negotiators have not settled on either the parameters of denuclearization or a timetable for the removal of both Korean weapons and American sanctions.

"The key lessons of Singapore are that President Trump sees tremendous value in the imagery of diplomacy and wants to be seen as a bold leader, even if the substance of the diplomacy is far behind the pageantry," said Abraham Denmark, director of the Asia Program at the Woodrow Wilson International Center for Scholars.

U.S. intelligence officials testified before Congress last month that it remains unlikely Kim will fully dismantle his arsenal. And many voices in the Trump administration, including National Security Adviser John Bolton, have expressed skepticism that North Korea would ever live up to a deal.

Mark Chinoy, senior fellow at U.S.-China Institute at the University of Southern California, said that after generations of hostility, the convivial atmosphere of Singapore "can't be discounted." But Chinoy noted that Trump had agreed to North Korean's "formulation of 'denuclearization of the Korean peninsula,' which Pyongyang has long made clear meant an end to the US security alliance with South Korea and an end to the U.S. nuclear umbrella intended to defend South Korea and Japan."

After the last summit, Trump unilaterally suspended some military drills with South Korea, alarming some in Seoul and at the Pentagon. But he was insistent this week that he would not draw down U.S. troops from South Korea. And American officials, even as they hint at a relaxed timetable for Pyongyang to account for its full arsenal, have continued to publicly insist they would not favor easing sanctions on North Korea until denuclearization is complete.

A year ago, North Korea suspended its nuclear and long-range missile tests and said it dismantled its nuclear testing ground, but those measures were not perceived as meaningful reductions. Experts believe Kim, who is enjoying warmer relations with South Korea and the easing of pressure from Russia and China, will seek a U.S. commitment for improved bilateral relations and partial sanctions relief while trying to minimize any concessions on his nuclear facilities and weapons.

"Kim is doing pretty well as it is," said Scott Seaman of the Eurasia Group. "The threat of a U.S. military strike is essentially zero, Kim's diplomatic charm offensive has made him into a bigger player on the world stage, and he continues to whittle away at international commitment to sanctions."

The Hanoi summit comes at a politically uncertain time for Trump.

His potential 2020 foes have begun unleashing attacks. The newly elected Democratic House has begun its investigations of the president, calling his former legal fixer, Michael Cohen, to appear before Congress while Trump is in Vietnam. And special counsel Robert Mueller, who has investigated possible ties between Trump's campaign Russian election interference, may finalize his report within days of the president's return to the United States.

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Associated Press writers Kim Tong-hyung in Seoul and Deb Riechmann, Catherine Lucey, Zeke Miller and Jill Colvin in Washington contributed to this report.

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Follow Lemire on Twitter at http://twitter.com/@JonLemire

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Follow all of AP's summit coverage at https://apnews.com/Trump-KimSummit

Source: Fox News National

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Exclusive: Airbus China order padded by old or incomplete deals – sources

FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo

April 2, 2019

PARIS (Reuters) – A landmark order from China for 300 Airbus jets signed during a state visit last week was bolstered by repeat announcements of dozens of existing deals and advance approval for deals that are not yet completed, two people familiar with the matter said.

Echoing an umbrella order for 300 Boeing jets awarded during a visit to Beijing by U.S. President Donald Trump in 2017, the headline figure for the new “framework order” for European jets was partly driven by political considerations, the people said.

The Airbus deal would have been worth some $35 billion at list prices but the amount of new business is lower, they added. Duplicate announcements included a deal for 10 A350 aircraft to an unnamed buyer, which represents a repeat announcement of an order for 10 jets by Sichuan Airlines at an air show last year.

The disclosure takes some of the shine off an announcement seen as the economic highlight of a trip to Europe by Chinese President Xi Jinping, but does mark a return to the aircraft market by China’s state buying agency after a pause of over a year during global trade tensions.

Airbus declined to comment on detailed orders but left open the possibility that the large deal contained gaps.

The agreement “creates the approval framework for aircraft ordered by Chinese airlines, be it existing orders or future orders,” a spokesman said in response to a Reuters query.

(Reporting by Tim Hepher; Editing by Bate Felix/Sudip Kar-Gupta)

Source: OANN

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Australia’s opposition Labor on track to win election: polls

FILE PHOTO: Australian Labor Party opposition leader Shorten arrives at his election night party with his wife Chloe in Melbourne
FILE PHOTO: Australian Labor Party opposition leader Bill Shorten arrives at his election night party with his wife Chloe in Melbourne, July 2, 2016 on Australia's federal election day. REUTERS/Jason Reed/File Photo

April 7, 2019

MELBOURNE (Reuters) – Australia’s opposition Labor is the favorite to win a national election expected in May, two polls showed on Monday, but its lead has narrowed over the conservative coalition government which announced income tax cuts in its budget last week.

A closely watched Newspoll done for The Australian newspaper showed Labor ahead of the Coalition 52-48 on a two-party preferred basis, but that was down from 54-46 in the last poll in March.

A separate Ipsos poll, published by the Sydney Morning Herald, showed Labor ahead 53-47.

Prime Minister Scott Morrison is expected to call an election this week, most likely for May 11 or May 18.

“The election will be called in April and the election will be held in May. We’re not doing this with any haste and we’re not doing it with any delay,” Morrison told reporters on Sunday, amid speculation he was delaying to give the government more time to promote its budget.

“I noticed Bill Shorten’s frustration yesterday, but you know, that impatience is born of arrogance,” Morrison said.

Despite Labor’s consistent lead in the polls over the past year, Morrison remains the preferred prime minister over Labor leader Shorten.

Newspoll surveyed 1,799 voters across the country from April 4 to 6, following the release of the government’s budget on April 2 and Labor’s reply two days later.

The Ipsos poll surveyed 1,200 voters from April 3 to 6, and has a margin of error of 2.9 percent.

(Reporting by Sonali Paul; Editing by Sonya Hepisntall)

Source: OANN

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Goldman’s Apple pairing furthers bank’s mass-market ambitions

FILE PHOTO: Logo of Apple is seen at a store in Zurich
FILE PHOTO: The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann -/File Photo

March 26, 2019

By Elizabeth Dilts and Anna Irrera

NEW YORK (Reuters) – Goldman Sachs Group Inc’s credit card deal with Apple Inc is the latest move by the Wall Street investment bank to court mass-market consumers, potentially connecting Goldman with hundreds of millions of iPhone users.

But Goldman is entering a crowded market for co-branded cards where retailers often have the upper hand, and analysts question how much tolerance its shareholders will have for growing the bank’s fledgling consumer business through credit card lending.

Goldman has been courting consumers since the 2016 launch of its online bank Marcus, and with its first credit card it is targeting fee-conscious ones. There will be no annual or late fees, and customers will pay variable annual interest rates of between 13.24 percent and 24.24 percent, according to Apple’s website.

Apple and Goldman did not disclose the economic terms of their partnership when it was announced on Monday.

But banks have been increasingly willing to take less favorable deals because post-financial crisis regulations make the credit card business attractive for lenders, which are required to hold less capital against such debt than against other assets.

“As this kind of benign credit environment continues retailers have a greater leverage than they had a few years ago,” said a person involved in similar credit card deals.

Issuing banks retain control of approving customers for cards, often using data the retailer has on shoppers as part of the process, the person said.

Goldman Chief Executive David Solomon said in an email to employees on Monday that the card is a “major step” in the bank’s plan to grow its consumer business.

Solomon has said the consumer business is a critical part of the bank’s strategy to grow revenues and cut costs, as revenue shrinks in traditional areas of strength for Goldman like bond trading.

But many investors have been uneasy with Goldman growing its unsecured consumer debt, especially at a time when many speculate that a recession could be looming, said UBS analyst Brennan Hawken.

Marcus now has $45 billion in customer deposits in the United States and the U.K., and has issued $5 billion in personal loans, according to Solomon’s email.

While the amount of loans is small compared to the bank’s overall balance sheet, Hawken said investors would likely prefer Goldman stick to using its consumer business to add deposits, as opposed to personal loans or credit card debt.

“People want Goldman to be Goldman,” Hawken said. Goldman declined comment for this article.

The Apple Card’s wide interest rate range indicates that some customers might have lower credit scores, said Josh Siegel, chief executive of StoneCastle Financial Corp. However, the bank may not necessarily keep that risk on its books.

“They might securitize the debt, which wouldn’t be anything new for an investment bank,” Siegel said. “I can’t imagine that Goldman Sachs, all of a sudden, especially with where we are in the credit cycle, is going to go long on unsecured consumer debt.”

As this is Goldman’s first foray into credit cards, it may take the bank a year or two to assess the quality of its credit decisions, according to an industry expert who declined to be named.

The same person said that the stated range of possible interest rates on unpaid balances was too wide to clearly show how much credit risk Goldman expects to take.

Credit risk concerns aside, analysts said that Goldman’s decision to launch its first credit card in partnership with one of the world’s biggest companies gives it the opportunity to gain consumer market share.

While Apple says its card is “created by Apple, not a bank,” according to its website, the Goldman Sachs logo will appear on the back of the card.

“For Goldman this is a play for massive distribution without having to contort too much,” said Lex Sokolin, global director of fintech strategy and partner at Autonomous Research.

“It makes their brand way better at least in the retail and mass affluent marketplace.”

(Reporting By Elizabeth Dilts and Anna Irrera in New Yor. Additional reporting by David Henry in New York and Stephen Nellis in California; Editing by Neal Templin and Meredith Mazzilli)

Source: OANN

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Palestinian leader will refuse Israeli tax transfers

Palestinian President Mahmoud Abbas says he will not accept a monthly tax transfer from Israel if it carries out its decision to deduct amounts the Palestinians pay to the families of prisoners and people killed in fighting with Israel.

Abbas on Wednesday accused Israel of trying to put political pressure on him and violating longstanding economic agreements. He said it would be the "final nail in the coffin" of those agreements and said he would not accept the funds if even "one penny" is deducted.

The monthly tax transfers cover about two-thirds of the Palestinian budget. Without those funds, Abbas' autonomy government will fall into a crisis and not be able to pay full salaries to its tens of thousands of employees.

Source: Fox News World

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Trump ‘saving’ Judge Amy Coney Barrett to replace Ginsburg: report

Judge Amy Coney Barrett, a conservative stalwart, is rumored to be President Trump’s pick for the Supreme Court should Justice Ruth Bader Ginsburg’s seat become available, according to an Axios report that cited close confidants of the president.

Barrett, 46, was considered to replace Supreme Court Justice Anthony Kennedy last year, but the president said he was “saving her for Ginsburg,” the report said.

Trump reportedly told people "I'm saving her for Ginsburg" as recently as two days before he nominated Brett Kavanaugh to the Supreme Court, according to Axios. The report could not be independently verified by Fox News, but Barrett has been mentioned as a favorite by Trump in the past.

Trump advisers were concerned that Barrett, who staunchly opposes abortion, would alienate GOP moderates like Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, the report said. They were also confident that Republicans would maintain their control of the Senate and nominating another conservative judge to the Supreme Court wouldn’t be necessary at the time, the report said.

RUTH BADER GINSBURG MAKES PUBLIC APPEARANCE, FIRST SINCE SURGERY

Ginsburg, who turned 86 last month, is unlikely to retire while Trump is in office. Health problems -- including undergoing lung cancer surgery in December -- kept her away from the bench for several months. She returned in February and is reportedly now in good health.

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Trump appointed Barrett to the U.S. Court of Appeals for the Seventh Circuit in 2017. Barrett, who is open about her Catholicism, was grilled by Democrats during her Senate confirmation. Should Barrett be nominated to the Supreme Court, a contentious confirmation process would undoubtedly play out.

Source: Fox News Politics

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

April 26, 2019

By John Stonestreet and Belén Carreño

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

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

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

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

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

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

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

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

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

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

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

TRENDING

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

April 26, 2019

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

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

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

Source: OANN

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

April 26, 2019

By Julien Pretot

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

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

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

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

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

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

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

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

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

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

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

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

SAME TREATMENT

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

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

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

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

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

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

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

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

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

‘ONE CLUB’

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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

April 26, 2019

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

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

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

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

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

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

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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

April 26, 2019

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

1/DOLLAR JUGGERNAUT

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

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

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

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

2/FED: UP OR DOWN?

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

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

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

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

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

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

3/HEISEI TO REIWA

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

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

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

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

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

4/EARNING TURNING

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

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

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

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

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

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

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

5/WAITING FOR THE OLD LADY

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

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

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

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

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

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

Source: OANN

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