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Report on no-deal Brexit tariffs delayed by Downing Street: The Sun

FILE PHOTO: Union Jack and the EU flags hang at EC headquarters in Brussels
FILE PHOTO: The Union Jack and the European Union flags hang at the European Commission headquarters in Brussels, Belgium February 7, 2019. REUTERS/Yves Herman/File Photo

February 22, 2019

(Reuters) – Downing Street has delayed an announcement on no-deal Brexit tariffs to avoid backlash from lawmakers so that the report comes after the next Brexit vote in parliament, the Sun newspaper reported.

The report, which was to contain details of import duties on food and ceramics, will now be released only “next Thursday or Friday,” the newspaper said. The delay has been caused due to the government’s worry about how the announcement will be viewed by lawmakers, the newspaper said, citing “one insider.”

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler)

Source: OANN

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The Latest: German foreign minister: Brexit vote 'reckless'

The Latest on Brexit (all times local):

8:20 a.m.

Germany's foreign minister says the U.K. Parliament's rejection of the Brexit deal negotiated on Britain's departure from the European Union was "reckless."

Heiko Maas says the EU made "far-reaching additional offers and assurances" at Britain's request this week.

In remarks released late Tuesday, Maas said the U.K. Parliament's decision to reject the deal "brings a no-deal scenario ever closer."

He added that "whoever rejects the agreement plays with the welfare of their citizens and the economy in a reckless way."

Maas said Germany is prepared "as best as possible for this worst possible case," though Germany hopes a disorderly Brexit can still be avoided in the coming 17 days.

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8:10 a.m.

The European Union's chief Brexit negotiator says Britain must finally get its act together as a chaotic no-deal departure from the bloc is little more than two weeks away.

Michel Barnier said Wednesday it was time for Westminster to change tack, after the U.K. parliament handed Prime Minister Theresa May another huge defeat on her freshly renegotiated Brexit deal.

Barnier said that "again the House of Commons says what it does not want. Now this impasse can only be solved in the U.K."

The EU parliament's Brexit group was meeting to assess the situation in Strasbourg, France before a plenary debate on the impasse.

British lawmakers rejected May's Brexit deal in a 391-242 vote on Tuesday night. Parliament will vote Wednesday on whether to leave the EU without a deal.

Source: Fox News World

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Ivanka Trump Called Samantha Bee a Feckless C ***!? WAIT we got that Backwards …

Is Samantha Bee a Feckless C? Watch the latest video at foxnews.com So just a few days after Roseanne lost her TV SHOW it seems our first test at a Double Standard is upon us. TBS host Samantha Bee labeled First Daughter Ivanka Trump a “feckless cunt” on her show, then later apologized for using the […]

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Gillibrand in 2020 Democratic Race as Full-Fledged Candidate

New York Sen. Kirsten Gillibrand formally joined the 2020 White House race on Sunday and previewed the hard line she will take against President Donald Trump by announcing a rally outside one of his signature Manhattan properties.

She had spent more than a month traveling around the country to gauge support for a run.

Her announcement that she was joining the dozen-plus candidates who want to challenge Trump came in a nearly three-minute video produced by her campaign and released early in the morning. She says the national anthem poses this question: "Will brave win?"

"Well, it hasn't always, and it isn't right now," she says. "Brave doesn't pit people against each other. Brave doesn't put money over lives. Brave doesn't spread hate. Cloud truth. Build a wall. That's what fear does."

In the video, Gillibrand says that the country needs a leader who "makes bold, brave choices" and "someone who isn't afraid of progress. That's why I'm running for president."

She said her debut speech as a candidate will come next Sunday in front of the Trump International Hotel & Tower in New York.

Gillibrand has been one of the most forceful critics of the Trump administration. Using the backdrop of one of Trump's marquee properties is a clear challenge to the president.

She announced her exploratory committee in January in an appearance on "The Late Show with Stephen Colbert." Since then, she has visited a number of states to assess political support for a White House bid.

This coming week she plans to campaign in Michigan, Iowa and Nevada, leading up to her New York kickoff.

Gillibrand has been a vocal advocate for electing more women to office, as well as combating sexual assault and violence in politics and the military.

Source: NewsMax Politics

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Shootout in northwest Pakistan kills policeman, 5 militants

Pakistani authorities say a raid by security forces on a militant hideout in the northwestern city of Peshawar triggered a 15-hour shootout in which a police officer and at least five suspected militants were killed.

Shaukat Yousafzai, a government spokesman in Khyber Pakhtunkhwa province, said police and commandos surrounded a home in the city on Monday night, acting on intelligence about planned attacks.

He says the suspects were asked to surrender but instead, they opened fire on the security forces. Police say the suspects also threw grenades, which killed an officer.

The operation is ongoing and the security forces are trying to get into the basement of the house, where one or two more suspects might be hiding.

Peshawar is the provincial capital in Khyber Pakhtunkhwa, which borders Afghanistan.

Source: Fox News World

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NY Dems block bill expanding college tuition for Gold Star families after approving $27M in tuition aid for illegal immigrants: report

New York Assembly Democrats on Tuesday blocked a bill that proposed expanding college tuition aid for children of deceased and disabled military veterans after-- having a week earlier-- approved a state budget that set aside $27 million in college tuition aid for illegal immigrants.

The Assembly’s Higher Education Committee voted 15 to 11 on Tuesday to shelve the bill, effectively quashing its chances of going to the floor, the Post-Standard reported.

TUNNEL TO TOWERS CONTINUES TO HELP FAMILIES OF FIRST RESPONDERS AND MILITARY VETERANS

The committee’s chair Deborah Glick, D-Manhattan, said any expansion of college tuition aid to Gold Star families was not within the state's budget and pointed to an already-existing program that provides $2.7 million to 145 students who are dependents of vets who served in combat zones, the New York Post reported.

“Assemblywoman Glick should be ashamed of herself,” said State Sen. Robert Ortt, R-Niagara. “We set aside $27 million dollars for college for people that are here illegally… Apparently, $2.7 million is all that the families of soldiers who are killed, get. If you’re a child of a fallen soldier, you do not rank as high and you know that by the money.”

VIRGINIA CHURCH RAISES $100G TO PAY OFF COLLEGE DEBT FOR 34 STUDENTS

Mike Whyland, a spokesman for Assembly Democrats, said the Republican-led bill “would have expanded the eligibility beyond the scope and should be considered within the context of the budget.”

When asked about objections by GOP lawmakers, he said: “It’s purely political and it’s unfortunate that they are using children as pawns.”

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Assemblyman Will Barclay, R-Pulaski, surmised that the Democrats’ refusal had less to do with budget restraints and more to do with the bill’s author: a Republican, Steve Hawley, R-Batavia.

“We get so caught up in majority and minority issues here, we can’t see the forest through the trees,” Barclay said. “I don’t know how they don’t justify this.”

Source: Fox News National

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A look at what comes after Netanyahu’s seeming win in Israel

Benjamin Netanyahu appeared to be headed toward a historic fifth term as Israel's prime minister on Wednesday, with near-final election results giving his right-wing Likud and its traditional Jewish ultra-Orthodox and nationalist allies a solid majority in parliament.

Here's a look at what comes next:

FINAL RESULTS

There are still some votes to be counted as ballots of soldiers, diplomats, prisoners, hospital patients and some others who vote in unusual circumstances take a bit longer to tally. The full picture usually emerges within a day, in this case Thursday, but since a couple of parties are teetering along the electoral threshold and their political survival depends on every vote, legal appeals seem likely. That could extend the process, with no specific guidelines on how long this could take. The Central Elections Committee releases final results eight days after an election — meaning April 17.

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THE PRESIDENT

Once the full picture is clear, attention shifts to President Reuven Rivlin. Though his responsibilities are mostly ceremonial, the president is charged with choosing a candidate for prime minister after consulting with party leaders and determining who has the best chance of putting together a stable majority coalition. That responsibility is usually given to the head of the largest party, but not necessarily.

Rivlin will meet with the heads of all parties and hear their recommendation in the coming days. He will then task the leading candidate, who will have 42 days to form a coalition government. If he fails, the president can turn to another candidate and give him 28 days to form an alternative coalition. If that too fails, which has never happened, new elections are called.

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RULING COALITION

Israeli democracy operates on a parliamentary system of proportional-representation in which the government needs a majority to rule. Since no party has ever earned more than 61 of the 120 seats in the Knesset, a coalition is required.

Netanyahu's Likud and Benny Gantz's Blue and White party were deadlocked on Wednesday at 35 seats in the 120-seat parliament. But even if Likud eventually drops below, Netanyahu will likely still get the nod given the size of his bloc, which currently holds a 65-55 advantage. Likud has traditionally had an alliance with the ultra-Orthodox Shas and United Torah Judaism parties, and the pro-settler Jewish Home party that this time aligned with the anti-Arab Jewish Power faction. Though nationalist ministers Naftali Bennett and Ayelet Shaked of the newly formed "New Right" party look to have come up short of the electoral threshold, Netanyahu still has enough other right-wing and religious parties at his disposal.

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WHAT HAPPENS AFTER THAT?

The ceremonial opening of the 21st Knesset, or parliament, will take place on April 29 or 30. This ceremony usually happens two weeks after the election, but due to the Passover holiday, it will be delayed this year by a week. By the end of May, the candidate tasked with building a coalition is required to sign agreements with his partners to present the new government. By early June, the new government is sworn in.

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NETANYAHU'S LEGAL TIMETABLE

Israel's attorney general has recommended indicting Netanyahu on bribery and breach of trust charges in three separate cases, and Netanyahu's legal situation will hover over his next term in office. Attorney General Attorney General Avichai Mandelblit will only decide on indicting Netanyahu after a legally mandated hearing. Legal experts expect at least some charges to be filed. Mandelblit said he will send detailed material to Netanyahu's lawyers after the election in advance of the hearing, though it was not clear exactly when this would happen.

Once the lawyers have all the paperwork, they usually get a month to prepare. But since the various Netanyahu cases are complicated it may take longer, with the hearing pushed back to later in the summer. Though not legally required to resign if formally charged, Netanyahu may be pushed out by some coalition partners who will refuse to keep serving under him in such a circumstance.

Source: Fox News World

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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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