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Cities across US seek new shelter locations as asylum-seekers could hit 150,000: report

Major cities across the U.S. are bracing themselves to accommodate a possible surge of more than 150,000 asylum seekers in the coming months.

The expected surge from mostly El Salvador, Guatemala and Honduras, comes amid an uptick in apprehensions last month that put a strain on border patrol and nonprofit shelters near the U.S.-Mexico border.

CALIFORNIA JUDGE BLOCKS TRUMP'S POLICY FORCING ASYLUM-SEEKERS TO STAY IN MEXICO

To relieve these shelters, the U.S. Department of Health and Human Services has been scouting major cities from Phoenix to Atlanta as potential locations to build these shelters, the Dallas Morning News reported.

Dallas County Judge Clay Jenkins said he had informed HHS Regional Director Fred Schuster that Dallas is “ready, willing and able to help out these kids.”

Other cities that have been scouted for “potential future use as state-licensed permanent shelter locations for unaccompanied alien children” are Fort Worth, San Antonio, the paper reported, citing an HHS spokesman. According to an analysis of official data published by the CATO Institute this week, the number of arrests made by Border Patrol in 2019 is at a twelve-year high

Some 268,044 individuals have been apprehended on the Southwest border from the beginning of the year through the end of February. Experts cited by the Dallas Morning News said the rise in apprehensions could exceed 150,000 in the months ahead.

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Acting director of Homeland Security Kevin K. McAleenan, who replaced Kirstjen Nielsen over the weekend, will make an announcement on the apprehensions on Wednesday, according to the paper.

Fox News' Hollie McKay contributed to this report.

Source: Fox News National

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Aid finally reaches Zimbabwe village 12 days after cyclone

Surprised members of a cyclone-hit community in Zimbabwe paused from retrieving and burying their dead to welcome the first humanitarian aid from the outside world as it arrived nearly two weeks after the storm.

Survivors in Machongwe village rushed for aid this week, 12 days after the cyclone hit, putting aside a search that is now less about finding survivors and more about properly burying bodies. The village's commercial center was entirely swept away.

The village is one of many in Zimbabwe and Mozambique cut off since Cyclone Idai made landfall on March 14, swamping huge areas of central Mozambique and sending boulders crashing down mountainsides in Zimbabwe.

As search and relief efforts continue, no one knows how many people are missing, or dead.

"This is the first time we are getting some help," said Justin Sungura. The 18-year-old wore a dirty replica jersey of British football club Manchester City, oversized formal trousers and worn-out cleats - the only clothing he had left.

Lucy Chidawu, a 34-year-old mother of five, held dearly to her rations while soldiers tried to restrain the shoving crowd. People received a small packet of dried fish, beans, cooking oil, salt and sugar - quantities that many people said were better than nothing.

"It will only last a week at most. Hopefully the food will keep coming," Chidawu said. Many hungry people had resorted to eating guava fruits and cooking unripe bananas, she said.

Some people desperate for the aid crossed a nearby river on a makeshift bridge of wooden poles supported by stones.

Residents marveled at how little of normal life remained. "We used to shop, drink and play snooker here. There were shops and houses, all swept away," Hebert Mazungu said.

The cyclone reshaped the landscape. Powerful waterfalls now rush down mountainsides that once had been forested with pine and eucalyptus trees. In some places only the roofs of homes protrude from the now boulder-strewn ground.

In another hard-hit area, the stench of death led people to bodies covered by rocks and mud. In every direction, people were digging.

A young boy worked solo, using a small shovel. He was looking for his father.

Others dug with their bare hands.

"We have found someone here," a man shouted. It was the body of a young boy, wrapped in a blanket and buried by the mudslide. He must have been sleeping when the cyclone hit, people said.

Residents asked soldiers to take the body away because they could not identify it. The corpse was carried away in a blue body bag, leaving the blanket in the mud.

"This is a daily occurrence. We are finding bodies every day," one woman said.

The South African government is deploying sniffer dogs to help with the search efforts, the state-run Herald newspaper reported.

Rudo Mukwada said five bodies were found under what used to be her garden. She recognized none of them as family.

"They must have been washed down here from somewhere," she said.

She said the waters had carried her some 100 meters (109 yards) from her home.

"It was as if I was flying in a plane, it was like a dream," Mukwada said.

UNICEF's deputy regional director for eastern and southern Africa, Bo Viktor Nylund, visited some of the most affected areas in eastern Zimbabwe and said the children's agency was appealing for $150 million for humanitarian aid for Zimbabwe, Malawi and Mozambique.

The amount may increase "because some of the areas are still inaccessible," he told reporters at a school that had become a camp for about 200 people left homeless by the storm.

Different Zimbabwean government ministries and agencies have issued conflicting numbers of deaths. Residents said they had long stopped caring about the body count.

"There are bodies everywhere," Mukwada said, "so we just have to continue digging."

___

Follow Africa news at https://twitter.com/AP_Africa

Source: Fox News World

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Dem Sens. Warren, Harris Back Reparations for Black Americans

Democratic presidential contenders, Sens. Elizabeth Warren, D-Mass., and Kamala Harris, D-Calif., are backing reparations for black Americans affected by slavery and Jim Crow laws, The New York Times reported.

The Times noted the support by the pair, as well as that of rising-star Rep. Alexandria Ocasio-Cortez, D-N.Y., signals the party's attention to race.

"We must confront the dark history of slavery and government-sanctioned discrimination in this country that has had many consequences, including undermining the ability of black families to build wealth in America for generations," Warren told the Times in remarks posted Thursday.

"We need systemic, structural changes to address that."

In a radio interview on the syndicated "The Breakfast Club," last week, Harris also voiced support for reparations.

"So, you've got to recognize back to that earlier point people aren't starting out on the same base in terms of their ability to succeed, and so we've got to recognize that and give people a lift up, and there are a number of ways to do it," she said.

Asked by host Charlamagne Tha God "You are for some type of reparations?," Harris replied: "Yes, I am."

Recently announced 2020 candidate Sen. Bernie Sanders, I-Vt., was opposed in 2016, and former President Barack Obama called the idea impractical in 2016, the Times noted.

Source: NewsMax America

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The Latest: New Zealand says it has not seen Sri Lanka link

The Latest on the Easter attacks in Sri Lanka (all times local):

10:25

New Zealand's Prime Minister Jacinda Ardern says she hasn't received any official advice from Sri Lanka or seen any intelligence reports to corroborate claims from Sri Lanka's government that the Easter attacks were in retaliation for the mosque massacres in Christchurch last month.

Ardern told reporters in Auckland that Sri Lanka is in the early stages of its investigation, and that New Zealand plans to stand back and allow it to proceed. She said she hadn't been in direct contact with Sri Lanka, although officials from the two countries were in contact.

Sri Lanka's State Minister of Defense Ruwan Wijewardene said earlier the government had evidence the bombings were carried out by an Islamic fundamentalist group in retaliation for the March 15 mosque shootings in Christchurch that killed 50 people.

___

10:15 a.m.

The U.S. Embassy in Sri Lanka says the FBI is on the ground in the country to help assist its investigation into the Easter suicide bombings that killed 359 people.

The embassy said it was part of the support extended by President Trump.

The embassy in Colombo declined to immediately elaborate.

___

9 a.m.

Police say the death toll in the Easter attacks in Sri Lanka has risen to 359 and more suspects have been arrested.

Police spokesman Ruwan Gunasekara also said Wednesday morning that 18 suspects were arrested overnight, raising the total detained to 58.

The prime minister warned on Tuesday that several suspects armed with explosives were still at large.

Another top government official said the suicide bombings at the churches, hotels and other sites were carried out by Islamic fundamentalists in apparent retaliation for the New Zealand mosque massacre last month.

The Islamic State group has claimed responsibility for the Sri Lanka attacks and released images that purported to show the attackers. Prime Minister Ranil Wickremesinghe said that investigators were still determining the extent of the bombers' foreign links.

Source: Fox News World

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U.S. weekly jobless claims increase more than expected

Job seekers speak with potential employers at a City of Boston Neighborhood Career Fair on May Day in Boston
FILE PHOTO: Job seekers speak with potential employers at a City of Boston Neighborhood Career Fair on May Day in Boston, Massachusetts, U.S., May 1, 2017. REUTERS/Brian Snyder

March 14, 2019

WASHINGTON, (Reuters) – The number of Americans filing applications for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February.

Initial claims for state unemployment benefits rose 6,000 to a seasonally adjusted 229,000 for the week ended March 9, the Labor Department said on Thursday. Data for the prior week was unrevised. The Labor Department said no states were estimated.

Economists polled by Reuters had forecast claims rising to 225,000 in the latest week. Claims have been hovering in the middle of their 200,000-253,000 range this year.

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, slipped 2,500 to 223,750 last week.

The labor market is slowing as workers become more scarce. Hiring is also being constrained by a weakening economy as stimulus from a $1.5 trillion tax cut diminishes. Washington’s trade war with Beijing, slowing demand overseas and uncertainty over Britain’s exit from the European Union are also hurting economic activity.

The government reported last week that nonfarm payrolls increased by only 20,000 jobs in February, the weakest since September 2017, in part as payback after hefty gains in the prior two months. But the unemployment rate dropped two-tenths of a percentage point to 3.8 percent and annual wage growth was the strongest since 2009..

Thursday’s claims report showed the number of people receiving benefits after an initial week of aid increased 18,000 to 1.78 million for the week ended March 2. The four-week moving average of the so-called continuing claims dipped 1,000 to 1.77 million.

(Reporting by Lucia Mutikani; Editing by Andrea Ricci)

Source: OANN

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Hungary could resume anti-EU campaigns, says PM Orban

Hungarian Prime Minister Viktor Orban speaks at a migration summit in Budapest
Hungarian Prime Minister Viktor Orban speaks at a migration summit in Budapest, Hungary March 23, 2019. REUTERS/Bernadett Szabo

March 24, 2019

BUDAPEST (Reuters) – Hungarian Prime Minister Viktor Orban’s government could resume media campaigns against European Union bodies, he suggested on Sunday, as his nationalist Fidesz party gears up for European Parliament elections due on May 26.

On Wednesday the European Parliament’s main center-right grouping, the European People’s Party (EPP), voted to suspend Fidesz amid concerns it has violated EU principles on the rule of law.

The action was triggered in part by Orban’s media campaign attacking European Commission President Jean-Claude Juncker, depicting him as a proponent of mass immigration into Europe and as a puppet of Hungarian-born U.S. billionaire George Soros.

The European Commission has dismissed the claims as fiction.

Orban had ended the media attacks and apologized to members of the EPP, but he again struck a combative tone in an interview with public radio on Sunday.

“People are a bit angry with us in Brussels because, at the start of the European Parliament election campaign, we ran an information campaign in Hungary, essentially exposing what Brussels was up to,” Orban said.

“We have exposed them and, naturally, they are angry.”

Nationalist Orban has often clashed with the EU over his anti-immigration campaigns and judicial reforms.

“Our job now is to continuously inform the people about what Brussels is up to,” Orban added in Sunday’s interview.

“We should not back down, we should not be scared because the opponent takes offence and attacks us with the anger of people who are exposed.”

Asked whether Orban’s remarks meant Budapest would resume its anti-EU media campaigns, a government spokesman declined further comment, saying: “The prime minister’s words speak for themselves.”

Orban has also leveled criticism at European Commission First Vice-President Frans Timmermans, the European Socialist candidate to suceed Juncker after the May elections.

Orban cast Timmermans as an out-of-touch Brussels bureaucrat living in what Orban called a “bubble”. Dutchman Timmermans is broadly disliked by nationalist parties in Eastern Europe, including in Hungary.

“Just this week there was a vote transforming the Dutch upper house, where the party of this Timmermans fell over spectacularly. He has lost the confidence of the people. And meanwhile he comes to Budapest and tours European capitals to lecture us about democracy,” Orban said.

“Such Timmermans-types, who are given the boot at home by their own people, should not be given a position in Brussels, because that will weaken cooperation in the entire EU.”

Orban also said that the outcome of the European vote would determine whether Fidesz remains in the EPP group or seeks a new alliance in Europe.

(Reporting by Gergely Szakacs; Editing by David Goodman)

Source: OANN

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Antitrust chief Vestager joins race for EU top job

FILE PHOTO: European Competition Commissioner Margrethe Vestager attends the weekly College of Commissioners meeting in Brussels
FILE PHOTO: European Competition Commissioner Margrethe Vestager attends the weekly College of Commissioners meeting in Brussels, Belgium, Februray 6, 2019. REUTERS/Yves Herman/File Photo

March 21, 2019

BRUSSELS (Reuters) – The European Union’s top antitrust regulator Margrethe Vestager on Thursday joined the fray for the presidency of the next European Commission, a post up for grab after EU parliamentary elections in May 23-26.

A former finance minister of Denmark, Vestager has gained a reputation as a tough enforcer of the bloc’s competition rules, slapping big fines on large corporations, like Google and Apple, and blocking a rail merger between Germany’s Siemens and France’s Alstom despite Berlin and Paris’ pressure to authorize the deal.

EU Competition Commissioner, Vestager was put forward in a team of lead candidates by the European liberal party, alongside six other prominent politicians from the centrist group, which include Belgium’s former prime minister Guy Verhofstadt and the EU transport commissioner Violeta Bulc.

Polls show the liberals will be the third force in the next European Parliament, where the influence of the two traditional leading groups, the conservatives and the socialists, is set to dwindle.

With the expected rise of eurosceptic parties, the liberals could play a crucial role to form a pro-EU majority in the next assembly, giving Vestager and other candidates from the group a chance to win the commission’s top job, which is now held by Luxembourg’s former prime minister Jean-Claude Juncker.

Under an election method backed by the EU parliament and some EU states, the president of the EU executive should be the leading candidate of the party that wins the European elections.

Polls show that the conservatives, whose candidate is German lawmaker Manfred Weber, are set to remain the main grouping in the next parliament.

But to win a majority of the seats, they will need the backing of their traditional socialist allies, whose candidate is EU commission’s vice-president Frans Timmermans, and other pro-EU parties, including the liberals.

(Reporting by Anthony Deutsch and Francesco Guarascio, Editing by William Maclean)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

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