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Japan agrees to fund Sri Lanka's light railway system

Sri Lanka's finance ministry says Japan has agreed to provide a loan to build the first light railway system aimed at easing traffic congestion in the capital city of Colombo.

In a statement Tuesday, the ministry says the loan will be granted in six stages until 2024 for the $1.8 billion project that will begin this year.

It said an agreement to release the first instalment of $260 million was signed Monday between the Japan International Cooperation Agency, which coordinates official development assistance, and Sri Lanka's finance ministry.

The loan comes as Sri Lanka struggles to repay $5.9 billion in foreign loans this year, of which 40 percent needs to be serviced during the first three months.

Source: Fox News World

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Trump to speak at annual NRA convention in Indiana on Friday

President Trump will address members and leaders of the National Rifle Association on Friday at the group's annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes," Chris Cox, executive director of the NRA's Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

"Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes."

— Chris Cox, executive director, NRA's Institute for Legislative Action

COLORADO ENACTS 'RED FLAG' LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

"Your Second Amendment rights are under siege," Trump told the cheering audience in Dallas. "But they will never, ever be under siege as long as I am your president."

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year's convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings -- including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It's also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

"I've never seen the NRA this vulnerable," said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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Million-dollar birdie: Belgian pigeon smashes price record

FILE PHOTO: Racing pigeons are displayed for sale at the Pigeon Olympiad 2017 in Brussels
FILE PHOTO: Racing pigeons are displayed for sale at the Pigeon Olympiad 2017 in Brussels, Belgium January 29, 2017. REUTERS/Francois Lenoir/File Photo

March 18, 2019

BRUSSELS (Reuters) – A Belgian racing pigeon called Armando has sold at auction for nearly $1.5 million, more than three times the world record, the online saleroom said on Monday after a bidding war between two Chinese fanciers.

“Nobody expected this. No one,” Jorge Ferrari from the Pigeon Paradise auction site told Reuters.

Chinese enthusiasm for the long-distance racing of homing pigeons has driven prices up sharply, with birds from the traditional heartland of the sport in Belgium being particularly prized. (https://reut.rs/2Ji22LF)

However, until the furious bidding that lasted throughout Sunday evening, the record price stood at 376,000 euros ($426,422). Armando, a record-breaking long-distance racing champion owned by Joel Verschoot, was eventually sold to an anonymous buyer in China for 1,252,000 euros ($1.42 million).

In an indication of how the buyer may hope to recoup the investment, not only can race prize money in China reach seven figures but seven of Armando’s offspring were also auctioned for an average price of 21,500 euros each; the five-year-old Flemish flier may have highly profitable breeding years ahead of him.

(Reporting by Clare Roth; Editing by Alastair Macdonald and Andrew Heavens)

Source: OANN

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Sen. Michael Bennet 'Very Inclined' to Run for President

Running on a platform to reform American healthcare through fixes and not replacement of Obamacare, Sen. Michael Bennet, D-Colo., said he "is very inclined" to enter the Democratic primary for the 2020 presidential election.

"I'm very inclined to do it, and we're looking at it," Sen. Bennet told MSNBC's "Morning Joe" on Thursday. "And I think look, the American people need somebody who's going to run and tell them the truth in 2020."

Striking a moderate tone, Bennet admitted the Affordable Care Act is not working for the American people, but going the Republican route of sabotaging it will not be the solution either.

"We can't get anything done around here if we continue to do what we've been doing here for the last 10 years," he told host Joe Scarborough, who wrote an op-ed for The Washington Post, trumpeting Bennet as the quiet answer for the noisy and crowded Democratic field. "It's not just since Trump arrived.

"You know Trump is a symptom of our problem, and he's an accelerant of a lot of problems especially the anti-immigrant tone that he set in this country. But he's not the cause of our problems.

"The cause of our problems is 40 years of economic immobility for 90 percent of the American people, stagnant wages over that period of time, periods when we had economic growth but for most Americans those were periods of recession.

"We have to fix that, we have to address that. It's going to take us a generation to do it."

At the end of the interview, Bennet rejected the notion he is waiting to hear from former Vice President Joe Biden's impending decision to run for 2020.

"It has absolutely nothing to do with the vice president's decision," Bennet concluded, without officially announcing his plans yet.

Source: NewsMax Politics

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Tyrant tees: Vietnam T-shirt designer earns bread from Trump-Kim mania

A man selling t-shirts with the image of North Korean leader Kim Jong Un displays a design ahead of the North Korea–United States Hanoi Summit in Hanoi
A man selling t-shirts with the image of North Korean leader Kim Jong Un displays a design ahead of the North Korea–United States Hanoi Summit in Hanoi, Vietnam February 21, 2019. REUTERS/Jorge Silva

February 22, 2019

By Kham Nguyen and Angie Teo

HANOI (Reuters) – A T-shirt bearing the face of one of the world’s most infamous dictators would normally be a tough sell, one would think.

But in summit-mad Hanoi, where streets are being spruced up and businesses from bars to barbers are cashing in on a summit next week between U.S. President Donald Trump and North Korean leader Kim Jong Un, anything sells.

“There’s no need to talk about Trump as he’s already a great man. Everybody knows that,” said T-shirt designer Truong Thanh Duc. “But we should always encourage Kim Jong Un to give up his dictatorship for his people”.

“That’s why I put his image on the T-shirt”.

Duc’s shirts have attracted a curious crowd in Hanoi’s Old Quarter, a bustling labyrinth of streets and market stalls popular with tourists.

Duc said he had sold more than 300 of his special edition shirts, the profits of which he said would go towards buying baguettes – which are popular in the former French colony – to distribute to poor people.

One of his shirts bears Kim’s face, enlarged across the length of it. Another shows Trump and Kim together above the word “PEACE”.

“I really admire these two leaders,” said Duc.

“One is the leader of the most technologically advanced country in the world and the other leader, although a bit extreme, has realized his people are too poor and he wants his nation to develop”.

Across the Vietnamese capital, preparations are well underway for the Feb. 27-28 summit. Parts of the city close to the expected venues have been tidied up or repainted.

One Hanoi barber is offering free Trump- or Kim-style haircuts, and bars are selling drinks named “Peace Negroniations” and “Kim Jong Ale”.

Duc is hopeful the summit can help promote reform.

“Kim Jong Un is a dictator but now he has changed,” said Duc.

“He has to give up that status to shake hands with the developed world”.

(Reporting by Kham Nguyen and Angie Teo; Additional reporting by Mai Nguyen; Writing by James Pearson; Editing by Robert Birsel)

Source: OANN

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Melania Trump to Convene Interagency Group on Youth Programs

Melania Trump is hosting a White House meeting this week to review youth programs at various government departments and agencies.

The first lady's office says she will lead Monday's discussion at a meeting of the Interagency Working Group on Youth Programs. The goal is to build upon and improve youth programs that align with her "Be Best" initiative, which focuses on the well-being of children, their safety online and avoiding drugs.

The working group was established under President George W. Bush.

Major participating agencies include the departments of State, Defense, Justice, Interior, Commerce, Labor, Health and Human Services, Housing and Urban Development, Transportation, and Education.

The Environmental Protection Agency, National Endowment for the Arts, National Science Foundation, and the U.S. Agency for International Development are among other participating agencies.

Source: NewsMax Politics

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Bayer, J&J settle U.S. Xarelto litigation for $775 million

Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen
Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay

March 25, 2019

(Reuters) – Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits over their blockbuster blood thinner Xarelto for a total of $775 million, court documents on Monday showed.

The amount will be shared equally between the two companies that jointly developed the drug. Bayer and J&J do not admit liability under the agreement.

(Reporting by Tina Bellon in New York; Editing by Bill Berkrot)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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