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Citigroup to enter burgeoning consumer payments business

FILE PHOTO: A Citibank sign on bank branch in midtown Manhattan in New York
FILE PHOTO: A Citibank sign on a bank branch in midtown Manhattan, New York, November 17, 2010. REUTERS/Mike Segar/File Photo

March 26, 2019

(Reuters) – Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in a move to enter the rapidly growing digital payments industry.

Citi’s new service will offer merchants a range of consumer payment options to collect money, including from credit cards and e-wallets, the company said. This will expand its product portfolios within its mainstay business-to-business (B2B) payment offerings. [https://reut.rs/2CAEJXO]

The digital payment industry has been growing rapidly as more and more consumers make purchases online and use digital checkout services such as e-wallets or cash on delivery. The ease of transferring money has also made traditional payment methods such as checks redundant, forcing many banks and their merchant customers to quickly shift to digital payment technology or fall behind.

“We want to extend our leadership beyond the B2B payment space by developing capabilities to enable institutions to collect from consumers in a globally consistent and seamless fashion,” Naveed Sultan, global head of Citi’s Treasury and Trade Solutions, said.

Citi’s move is the latest foray by a major U.S. financial institution after U.S. fintech group Fidelity National Information Services Inc (FIS) agreed to buy payment processor Worldpay for $34.83 billion, marking the biggest acquisition in the digital payments industry.

Citi said it is working with payment processor Mastercard Inc to facilitate the service as it is already integrated with digital payment providers and e-wallets around the globe.

The bank also said it is collaborating with other digital payment companies to incorporate up to 140 alternative payment methods into its service.

(Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel)

Source: OANN

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On International Women’s Day, Sudan’s Bashir orders release of female detainees

FILE PHOTO: Sudan's President Omar al-Bashir delivers a speech at the Presidential Palace in Khartoum
FILE PHOTO: Sudan's President Omar al-Bashir delivers a speech at the Presidential Palace in Khartoum, Sudan February 22, 2019. REUTERS/Mohamed Nureldin Abdallah

March 8, 2019

By Khalid Abdelaziz

CAIRO (Reuters) – Sudan’s President Omar al-Bashir on International Women’s Day on Friday ordered the release of all women arrested in connection with anti-government demonstrations, hours after protesters marched in the two largest cities.

Sudan has seen near-daily protests against Bashir since Dec. 19. The demonstrations were triggered by price increases and cash shortages but developed into the most sustained challenge to Bashir since he took power in a military coup three decades ago.

During a meeting on Friday, Bashir told the head of the security and intelligence service to release all women who have been detained in connection with the protests, according to a presidency statement. Anti-government activists estimate that more than 150 women are currently in prison for participating in protests.

Earlier, hundreds of protesters chanted anti-government slogans after leaving Friday prayers at a major mosque linked to the opposition Umma party in the city of Omdurman, near Sudan’s capital, drawing tear-gas volleys from police, eyewitnesses said.

Crowds also gathered in several areas of the capital Khartoum after prayers, witnesses said. In the neighborhood of Burri, dozens chanted “the revolution is the choice of the people” and “fall, that’s it”, to send the message that their only demand is Bashir’s departure. Police later fired tear gas and chased protesters through side streets to disperse them.

Last month Bashir declared a state of emergency, dissolved the central government, replaced state governors with security officials, expanded police powers and banned unlicensed public gatherings.

That has not stopped the protesters, hundreds of whom also demonstrated on Thursday under a women’s day theme.

Since the emergency measures came into effect last month, courts have been trying protesters in evening sessions, sparking more rallies outside court buildings.

Bashir is wanted by the International Criminal Court over charges of masterminding genocide in the Darfur region, which he denies. He has been lobbying for Sudan to be removed from a list of countries Washington considers state sponsors of terrorism.

The listing has blocked the investment and financial aid that Sudan was hoping for when the United States lifted sanctions in 2017, economists say.

Sudan has been rapidly expanding its money supply in an attempt to finance its budget deficit, causing spiraling inflation and a steep decline in the value of its currency.

(Additional reporting by Hesham Hajali; Writing by Lena Masri; editing by William Maclean and Sandra Maler)

Source: OANN

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Sony turnaround architect Hirai to retire as chairman

Kazuo Hirai, president and CEO of Sony Corporation, speaks during a news conference at the 2018 CES in Las Vegas
Kazuo Hirai, president and CEO of Sony Corporation, speaks during a news conference at the 2018 CES in Las Vegas, Nevada, U.S. January 8, 2018. REUTERS/Steve Marcus

March 28, 2019

TOKYO (Reuters) – Sony Corp on Thursday said chairman Kazuo Hirai, who helped engineer the electronics giant’s recent revival, will retire in June, bowing out as the Japanese company is on track for another record profit this year.

Hirai, together with his finance chief Kenichiro Yoshida, helped reinvent Sony as an entertainment company with stable revenue from music content and gaming, after battling years of losses from consumer electronics such as television sets.

Once a market leader in consumer electronics, the maker of the Walkman and Trinitron TV fell behind the likes of Apple in innovation after the release of the iPod in 2001 and then the iPhone in 2007. It then also lost out to more nimble Asian rivals in price competition.

Under Hirai, who succeeded Howard Stringer as CEO in 2012, Sony sold off its ailing personal computer division and streamlined its television and smartphone businesses.

Yoshida last year took over as chief executive. Hirai will continue to act as a senior adviser to the company, Sony said.

(Reporting by Makiko Yamazaki; Editing by David Dolan)

Source: OANN

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Indonesian president’s lead over election rival cut in new survey

Indonesia's presidential candidate Joko Widodo speaks during a debate with his opponent Prabowo Subianto in Jakarta
Indonesia's presidential candidate Joko Widodo speaks during a debate with his opponent Prabowo Subianto (not pictured) in Jakarta, Indonesia, February 17, 2019. REUTERS/Willy Kurniawan

March 20, 2019

JAKARTA (Reuters) – A new Indonesian election survey shows President Joko Widodo’s big lead over his challenger, retired general Prabowo Subianto, is narrowing, just weeks ahead of next month’s vote in the world’s third-largest democracy.

The April 17 election will be a rerun of the 2014 race, in which Widodo beat out Prabowo by almost six percentage points.

A survey by pollster Litbang Kompas, which is part of Indonesia’s biggest newspaper Kompas, shows Widodo likely to win 49.2 percent of the vote, surpassing 37.4 percent for Prabowo.

Although still a double-digit lead, the electability gap in the survey between February 22 and March 5 was narrower than the Kompas survey in October that gave Widodo a 19.9-percentage point lead over his rival.

Opinion polls in January by other pollsters, including Saiful Mujani Research and Consulting and Australian-based Roy Morgan, put Widodo at an advantage of about 20 percentage points over Prabowo.

The president’s campaign team is confident he will still win by a big margin, spokeswoman Meutya Hafid said in a statement.

“There’s a number of indications why votes for Jokowi will be higher than in 2014,” she said, referring to the president by a popular nickname.

“Jokowi will be able to grab votes from places that are normally the stronghold of candidate number two (Prabowo), such as West Java,” Hafid said, referring to Indonesia’s most populous province.

The latest Kompas survey showed Widodo’s support may be shrinking among mature millennials aged between 31 and 40, as well as baby boomers.

After a slow beginning, the six-month campaign has picked up pace, with televised debates between the candidates and rallies held across the archipelago of more than 17,000 islands.

Some analysts say the debates were a missed opportunity for Prabowo, who has struggled to land any big blows against Widodo, while the president has appeared workman-like in projecting his achievements in areas such as infrastructure while in office.

But the challenger’s running mate, private equity tycoon Sandiaga Uno, has appeared to generate a buzz on the campaign trail while proving popular online, especially with women and young voters.

Uno attacked Widodo’s track record on education and healthcare last weekend, saying his government would be able to solve Indonesia’s problems in education and large deficits in health insurance.

Last week, the anti-graft agency named a prominent politician backing Widodo’s re-election campaign a suspect in a bribery case, which could further dent his campaign.

(Reporting by Kanupriya Kapoor and Gayatri Suroyo; Editing by Ed Davies and Clarence Fernandez)

Source: OANN

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Bernie Sanders’ campaign sees major shakeup, just one week after launch

Bernie Sanders’ Democratic presidential campaign is experiencing a major shakeup, with several top advisers heading for the exits, just one week after the Vermont senator launched his second bid for the White House.

Three of the top advisers who helped propel the senator's 2016 White House bid -- Tad Devine, Julian Mulvey, and Mark Longabaugh -- are parting ways with Sanders, the campaign confirmed Tuesday.

EX-SANDERS SPOKESMAN CALLS HILLARY CLINTON TEAM CHOICE WORDS IN INTERVIEW

Sanders 2020 campaign manager Faiz Shakir said in a statement to Fox News that "the campaign appreciates all the good work DML has done and wishes them well." DML is the name of the political consulting firm headed up by Devine, Mulvey and Longabaugh.

"The entire firm has stepped away. We're leaving the campaign … We just didn't have a meeting of the minds,” Longabaugh told NBC News, which was first to report the departure of the senior strategists.

Devine, a veteran political strategist who was a top adviser to the presidential campaigns of then-Vice President Al Gore in 2000 and then-Sen. John Kerry in 2004, served as Sanders’ chief strategist and leading surrogate in 2016. Longabaugh steered the campaign’s game plan for winning delegates and negotiating with the Democratic National Committee. Mulvey played a large role in creating the campaign’s television and digital ads.

Sanders, once a longshot for the 2016 Democratic nomination, crushed Hillary Clinton by 22 percentage points in the New Hampshire Democratic primary, launching him into a marathon battle with the eventual nominee that didn’t end until after the primary and caucus calendar concluded.

BERNIE SANDERS BOASTS OF 'HISTORIC' MILESTONE, SAYS 1 MILLION VOLUNTEERS SIGNED UP FOR CAMPAIGN

But this time, Sanders is running in a crowded field with several other liberal Democrats, like Massachusetts Sen. Elizabeth Warren and California Sen. Kamala Harris, with others expected to join the race.

On Monday, Sanders’ campaign sought to demonstrate the enthusiasm for his campaign by reporting that 1 million people had already signed up to volunteer. As of Monday, six days after his campaign launch, the senator also had raised an eye-popping $10 million from over 359,914 donors. Those numbers put him far ahead of his rivals for the nomination in the race for campaign cash.

But Sanders has also drawn fire from former aides to Clinton, who leaked details about Sanders' use of private jets in 2016 to attend campaign rallies on her behalf. That provoked Sanders’ 2016 campaign spokesman, Michael Briggs, to tell Politico that Clinton’s staff are the "biggest a--holes in American politics," adding that Clinton is “one of the most disliked politicians in America.”

Meanwhile, during a CNN town hall on Monday night, Sanders promised to release his taxes soon but downplayed the unveiling by saying “they’re very boring tax returns.”

Sanders faced some criticism for not releasing his taxes during his marathon 2016 primary battle with Hillary Clinton. He said Monday he would have done so had he beat Clinton.

“If we had won the nomination, we would have done it,” Sanders said.

Fox News’ Alex Pappas contributed to this report.

Source: Fox News Politics

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Congressman Releases Lisa Page Private Testimony Transcripts

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Trump Proposes New User Fee on E-cigarettes to Combat Youth Usage

President Donald Trump is proposing adding a user fee to e-cigarettes to fund FDA oversight of new tobacco and nicotine products as part of an effort to reduce use of the products by teenagers, according to his budget proposal released on Monday morning.

The budget estimates the fee could bring in as much as $100 million a year.

The U.S. Food and Drug Administration has cracked down on e-cigarette makers during the past year as a teenage usage of the product has surged. There is currently not a user fee on e-cigarettes.

Source: NewsMax Politics

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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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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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Good morning and welcome to Fox News First. Here’s a look at what you need to know today …

EXCLUSIVE: Trump says ‘Sleepy Joe’ Biden doesn’t have what it takes

President Trump, in a wide-ranging, exclusive phone interview with Fox News’ Sean Hannity, dismissed the launch of former Vice President Joe Biden’s presidential campaign, nicknaming him “Sleepy Joe” and saying he’s “not the brightest bulb.” Biden, the president said, has name recognition but he won’t “be able to do the job.” When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had “misguided energy” and asserted that Sanders “talks a lot” but hasn’t accomplished anything. The president referred to former U.S. Rep. Beto O’Rourke of Texas as “a fluke” who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg — although he said he was “rooting” for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party’s youth movement: Biden’s biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party — a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. … But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez’s bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could “develop for potential relationships,” track lines of questioning and “assess” changes in “demeanor” – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News’ “Hannity” Thursday night, responded to this report by accusing Strzok and Page of an attempted “coup.” “They were trying to infiltrate the administration,” he said.

Kim accuses US of acting in ‘bad faith’
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, “the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point,” the Straits Times of Singapore reported. Kim warned that the situation “may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks,” the Korean Central News Agency added.

NFL Draft 2019: It’s all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick — the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

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TODAY’S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the “Special Report” panel take a look at former Vice President Joe Biden’s decision to run for president a third time and the battle for the “soul” of America.

Not signed up yet for Fox News First? Click here to find out what you’re missing.

CLICK HERE to find out what’s on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News’ Bryan Robinson. Thank you for joining us! Have a good day and weekend! We’ll see you in your inbox first thing Monday morning.

Source: Fox News National

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