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Top House Republican runs rogue operation to publish explosive Russia probe files

House Republicans have lost the majority, but they're not giving up the bullhorn they've used to challenge the Russia probe narrative.

Amid the frenzied anticipation over the conclusion of Special Counsel Robert Mueller's probe, the top Republican on the House Judiciary Committee has made a mission of publishing a slew of transcripts from closed-door interviews by the panel dating back to the GOP majority. Last week, Ranking Member Doug Collins, R-Ga., unilaterally published hundreds of pages from interviews with former FBI officials Peter Strzok and Lisa Page, containing juicy details about the anti-Trump so-called "insurance policy" (concerning the Russia probe), their affair and even the steps DOJ officials allegedly took to avoid serious charges for Hillary Clinton during the 2016 email investigation.

And that's just the start.

“There’s plenty more—at least 20 or more transcripts as part of this investigation,” Collins told Fox News in an interview this week. “We’re going through, not in a set order, but we want to make sure they’re ready to go.”

DEFIANT STRZOK DEFENDS AFFAIR, DENIES IT CREATED SECURITY RISK: TESTIMONY TRANSCRIPT

Earlier this month, Collins released the transcript of an interview with Justice Department official Bruce Ohr, who provided information to the FBI regarding Trump and his 2016 presidential campaign’s alleged ties to Russia. Ohr’s wife, Nellie, works for the firm Fusion GPS, which commissioned the infamous anti-Trump dossier.

It is unclear, at this point, which transcripts Collins will release next. Collins explained that his staff is making sure there are “no problems” with the transcripts that would reveal "any sources or methods.”

“There is no classified information here … and I’m not editorializing these transcripts,” he said. “We’re just putting them out there as is, so that [the American people] can look at questions, how they were asked and answered, and how this developed the narrative.”

The committee saw a number of high-profile Justice Department and FBI officials behind closed doors during the last Congress, receiving testimony from officials like Nellie Ohr, Deputy Attorney General Rod Rosenstein and former FBI counsel James Baker, among others.

Collins' decision to publish such transcripts, even when in the minority, is not unprecedented.

Last year, Sen. Dianne Feinstein, D-Calif., the ranking member of the Senate Judiciary Committee, released hundreds of pages of transcript from a closed-door interview with Fusion GPS co-founder Glenn Simpson.

Her move prompted harsh criticism from Republicans on the committee, with a spokesman for former committee Chairman Chuck Grassley, R-Iowa, calling it “totally confounding” that she would “unilaterally release a transcript of a witness interview in the middle of an ongoing investigation.”

LISA PAGE TRANSCRIPTS REVEAL DETAILS OF ANTI-TRUMP 'INSURANCE POLICY,' CONCERNS OVER FULL-BLOWN PROBE

Feinstein said she regretted not speaking to Grassley beforehand, blaming her decision on a “bad cold.”

Former House Oversight Committee Chairman Jason Chaffetz, R-Utah, now a Fox News contributor, explained the significance of a ranking member taking this sort of action.

“Generally, it is the prerogative of the chairman to make those decisions. In my experience, it is highly unusual for the ranking member to do that unilaterally,” Chaffetz told Fox News over the phone on Wednesday. The chairman on the House Judiciary Committee is Rep. Jerry Nadler, D-N.Y., whose office did not respond to requests for comment for this report.

“The fact that Chairman Nadler hasn’t said anything publicly seems to be a tacit approval,” Chaffetz said, calling Collins a “very responsible person.”

Chaffetz went on to explain that typically, transcripts from closed-door depositions or transcribed interviews are not allowed to be taken out of committee. He said that if a member or staffer wanted to review a transcript, they would need to go to a specific room to do so but would not have the option to take a copy with them to ensure nothing was released “even innocently.”

LISA PAGE TESTIMONY: COLLUSION STILL UNPROVEN BY THE TIME OF MUELLER'S SPECIAL COUNSEL APPOINTMENT

“The fact that Collins has them is a clue that the majority is comfortable with having them out there,” Chaffetz said. “It would be difficult for the majority to say no to the release, when they are simultaneously saying that everything should be released.”

He added: “If Doug Collins releases these, it is a pretty hard argument to make that he is doing the wrong thing.”

Meanwhile, Collins defended his move, saying that Nadler (who is pursuing his own sweeping investigation into the Trump administration and campaign) and other Democrats in the majority “really have not said anything about the transcripts.”

“I think they’re struggling with their own agenda right now,” Collins told Fox News. “They haven’t said anything about the transcripts to us, and I think their narrative seems to be falling apart right before their eyes.”

He added: “Things are just not coming to fruition.”

Nadler, however, has defended the work of the FBI in probing the Russia case while stressing the important role his committee can play in digging deeper.

In announcing a new committee investigation earlier this month, he said: “Over the last several years, President Trump has evaded accountability for his near-daily attacks on our basic legal, ethical, and constitutional rules and norms. Investigating these threats to the rule of law is an obligation of Congress and a core function of the House Judiciary Committee."

Source: Fox News Politics

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Hamid’s play helps D.C. United tie NYCFC

MLS: D.C. United at New York City FC
Mar 10, 2019; New York, NY, USA; D.C. United goalkeeper Bill Hamid (24) makes a save in front of New York City FC forward Jonathan Lewis (17) during the second half at Yankee Stadium. Mandatory Credit: Brad Penner-USA TODAY Sports

March 10, 2019

Bill Hamid made six saves and helped D.C. United get a 0-0 draw Sunday afternoon against host New York City FC at Yankee Stadium.

In his 200th appearance with the team, Hamid consistently frustrated NYCFC by delivering timely saves and helped D.C. United remain the only team to not allow a goal in the first two weeks.

Hamid turned in his big performance on a day when D.C. maintained possession for only 34.2 percent of the match.

The 28-year-old kept the game scoreless in the waning moments before four minutes of stoppage time was added.

In the 89th minute, he made a diving stop on Anton Tinnerholm’s shot from the center of the box. A minute earlier, Hamid made a nifty right-handed stop on Alexandru Mitrita’s right-footed shot from the top of the box.

D.C. gained four points in the first two weeks of the new season against two of the Eastern Conference’s top three teams from a year ago after opening the season with a 2-0 win over defending champion Atlanta.

Before the late saves, Hamid also stopped a free kick attempt on Mitrita in the 78th minute.

NYCFC registered 21 shots and has totaled 51 shots in its last two home games against D.C. NYCFC only has one goal in those games and is 0-2-2 in its last four games against D.C.

NYCFC goalkeeper Sean Johnson made three saves. He made a left leg save on Luciano Acosta in the 83rd minute to keep the game scoreless.

NYCFC controlled most of the tempo in a scoreless first half as it registered nine shots with one being on target and three more getting block.

NYCFC’s best chance to score occurred when Alex Ring’s shot was deflected over the right crossbar in the 31st minute and when Hamid made a diving stop on Ring five minutes later.

Ring’s scoring chances occurred after D.C. was denied two opportunities to score by Johnson. In the 11th minute, Johnson dove to his right to stop Acosta and 12 minutes later, he used his right leg to stop Paul Arriola’s right-footed attempt.

–Field Level Media

Source: OANN

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Notre Dame donating $100K to renovation of Paris cathedral

The president of the University of Notre Dame says the school will donate $100,000 toward the renovation of Paris' Notre Dame Cathedral following a devastating fire.

The Rev. John Jenkins announced the donation Tuesday, a day after the fire destroyed the cathedral's spire and roof.

Jenkins says the bells of the Basilica of the Sacred Heart on the university's campus in South Bend, Indiana, will toll 50 times Tuesday evening to represent the 50 Hail Marys of the rosary and to mark the start of the cathedral's rebuilding.

Jenkins says the cathedral's "exquisite Gothic architecture has for centuries raised hearts and minds to God. We join in prayer with the faithful of the cathedral and all of France as they begin the work of rebuilding."

Source: Fox News National

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Netanyahu’s strongest challengers form alliance in Israeli election

FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu speaks as he meets with U.S. Vice President Mike Pence in Warsaw
FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu speaks as he meets with U.S. Vice President Mike Pence in Warsaw, Poland, February 14, 2019. REUTERS/Kacper Pempel -/File Photo

February 21, 2019

By Jeffrey Heller

JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu’s strongest challengers in Israel’s April general election joined forces on Thursday, a dramatic turn in a race his right-wing Likud party has been predicted to win easily.

In anticipation of the announcement of a new centrist alliance between former military chief Benny Gantz’ Resilience party and ex-finance minister Yair Lapid’s Yesh Atid faction, Netanyahu orchestrated a merger of far-right parties on Wednesday that could help him build a governing coalition after the ballot.

The Resilience party, in a statement, said Gantz, Lapid and Moshe Yaalon, a former defense minister, “decided to establish a joint list that will comprise the new Israeli ruling party”.

Gantz and Lapid, who met overnight, agreed on a “rotation for the prime minister’s post” in which Gantz would hold office for the first two and a half years of a new government’s term before Lapid took over.

Israelis vote for party lists of candidates for seats in the 120-member parliament.

Since Israel’s creation in 1948 no one party has clinched an outright majority in the legislature and so post-election coalition-building has determined the composition of governments and who leads them.

Netanyahu, 69, has been in power for the past decade, with Likud at the helm of a parliamentary bloc.

Opinion polls have forecast a Likud victory, with some 30 parliamentary seats, in the April 9 ballot, with Resilience and Yesh Atid each trailing by a wide margin and Netanyahu on track to form a rightist coalition similar to the one he heads.

But the surveys also predicted a much tighter race and a possible upset should Gantz, 59, and Lapid, 55, team up and then form a centrist and left-wing parliamentary bloc larger than a Likud-led alliance.

In its statement, Resilience announced that another popular former armed forces chief, Gaby Ashkenazy – like Gantz a political newcomer – had agreed to join the new centrist alliance.

‘WITCH-HUNT’

Netanyahu’s political future has also been clouded by three corruption cases in which the attorney-general is expected to decide soon whether to accept police recommendations to indict him.

The prime minister is suspected of wrongfully accepting gifts from wealthy businessmen and dispensing favors in alleged bids for favorable coverage in a newspaper and a website.

Netanyahu has denied wrongdoing, saying he is a victim of a left-wing witch-hunt to topple him. His opponents are attacking his record and underlining the need for clean governance.

While Gantz and Lapid worked out their deal, Netanyahu helped negotiate the merger of two far-right parties, Jewish Home and Jewish Power, that could give followers of the late anti-Arab rabbi, Meir Kahane, a stronger voice in politics.

Leaders of Jewish Power have portrayed themselves as successors of the U.S.-born Kahane, who served one term in the Knesset in the 1980s as head of the Kach party.

Kach advocated the “transfer” of Palestinians to neighboring Arab countries and also called for a ban on intermarriage between Israeli Jews and Arabs.

Kahane’s movement was subsequently banned from Israeli politics as racist. He was assassinated in 1990 in New York by an Egyptian-born American.

(Editing by Robert Birsel)

Source: OANN

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OMB: Trump Budget Seeks 5 Percent Cut in Non-Defense Spending

President Donald Trump will propose in his fiscal 2020 budget on Monday that the U.S. Congress cut non-defense spending by 5 percent while boosting spending on the military, veterans' healthcare and border security, the White House budget office said on Sunday.

The Republican president's proposal, slated for release at 11:30 a.m. on the Office of Management and Budget's website, is expected to be the first volley in this year's bitter funding fight with Congress, which has control over federal purse strings.

His budget blueprint is expected to be rejected by Congress, where Democrats control the House of Representatives. Spending bills typically need 60 votes to get through the 100-member Senate, where Trump's fellow Republicans hold 53 seats.

Democratic leaders in both the House and Senate immediately panned Trump's request for $8.6 billion to build a wall on the southern border with Mexico, reported by Reuters earlier on Sunday.

Last year, a protracted battle over Trump's demand for more than $5 billion in wall funding led to a five-week partial shutdown of the government. Congress' refusal to grant him the funds led Trump to declare a national emergency so he could redirect funds approved for other purposes to the project.

The White House and Congress must agree on funding by Oct. 1 to keep the government funded and open - which coincides with the deadline to lift the debt limit, or risk a default, which would have severe economic repercussions.

At the same time, Trump and congressional leaders also face a deadline from a 2011 fiscal belt-tightening law that would see all discretionary spending slashed by $126 billion or 10 percent, unless they agree to lift spending caps.

Tax cuts have been a priority for the Republican White House and Congress in recent years, rather than fiscal restraint. The deficit ran to $900 billion in 2019, and the national debt has ballooned to $22 trillion.

Trump wants to cut non-defense program spending by an average of 5 percent below caps that Congress had set for fiscal 2019, the OMB said in a release.

“President Trump added nearly $2 trillion to our deficits with tax cuts for the wealthy and large corporations, and now it appears his budget asks the American people to pay the price," said John Yarmuth, Democratic chairman of the House Budget Committee, who added: "It has no chance in the House.”

Trump's budget would boost funding for some of his priorities. For example, Trump will propose a 5 percent increase for the Department of Homeland Security to help pay for his border wall and hire more immigration and border enforcement officials.

The budget also includes an increase of almost 10 percent for veterans' healthcare programs from last year, and investments in opioid addiction programs, the OMB said.

That means some departments and programs may see steeper proposed cuts than 5 percent.

BOOST FOR DEFENSE

Some programs will be targeted for cancellation altogether to push total non-defense discretionary spending below a cap of $542 billion established in the 2011 Budget Control Act, an administration official told Reuters, speaking on condition of anonymity. The official did not specify which programs would be targeted.

"This budget shows that we can return to fiscal sanity without halting our economic resurgence while continuing to invest in critical priorities," Russ Vought, the acting OMB director, said in a statement.

The budget was expected to boost defense spending, although details were not immediately available.

Vought said last month that new defense spending would be included in the Overseas Contingency Operations (OCO) fund, more traditionally used for emergencies.

Fiscal hawks have characterized OCO as a slush fund or budget gimmick to get around spending caps.

Also unclear is how the budget will handle mandatory spending on programs for seniors like Medicare and Social Security, which account for the largest portion of the budget. The programs are popular with older voters.

The OMB said the budget would propose $2.7 trillion in spending cuts over a decade, which it said would be more than any other administration had ever planned.

But the cuts would not be enough to balance the budget in that timeframe. The OMB said the budget was designed to balance by 2034, exceeding the traditional 10-year period that previous administrations targeted.

Source: NewsMax Politics

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Watchdog: FEMA wrongly released personal data of victims

A government watchdog has found the Federal Emergency Management Agency wrongly released to a contractor the personal information of 2.3 million survivors of hurricanes Harvey, Irma and Maria and the California wildfires in 2017.

Homeland Security Department's Office of Inspector General found the breach occurred when FEMA was working with a contractor that helps provide temporary housing to those affected by disasters.

Some information, like names, last four digits of a Social Security number are required to confirm eligibility. But FEMA also provided the contractor bank names, electronic funds transfer numbers and bank transit numbers.

The watchdog says the victims could be vulnerable to identity theft.

FEMA officials say they are changing how they deliver information to avoid giving too much information and it will be completed by 2020.

Source: Fox News National

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Mozambique says five cases of cholera confirmed after cyclone

A general view of houses seen from the air near Nhamatanda village following Cyclone Idai
A general view of houses seen from the air near Nhamatanda village, Beira, Mozambique, following Cyclone Idai, March 26, 2019. Picture taken March 26, 2019. REUTERS/Siphiwe Sibeko

March 27, 2019

BEIRA, Mozambique (Reuters) – There have been five confirmed cases of cholera in Mozambique in the wake of a powerful tropical cyclone, a senior Mozambican health official said on Wednesday, adding that the disease would spread.

Health officials were also battling 2,700 cases of acute watery diarrhea – which could be a symptom of cholera – the official, Ussein Isse, said.

“We did the lab tests and can confirm that these five people test positive for cholera,” he said. “It will spread. When you have one case, you have to expect more cases in the community.”

(Reporting by Emma Rumney; Writing by Alexander Winning; Editing by Louise Heavens)

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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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

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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