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Ancient shipwreck to be made accessible to divers in Greece

Near the northern Greek island of Alonissos lies a remarkable ancient shipwreck: the remains of a massive cargo ship that changed archaeologists' understanding of shipbuilding in antiquity.

Now this spectacular find is to become the first ancient shipwreck to be made accessible to the public in Greece, including to recreational divers.

Greece's rich underwater heritage has long been hidden from view, off-limits to all but a select few, mainly archaeologists. Scuba diving was banned throughout the country except in a few specific locations until 2005, for fear that divers might loot the countless antiquities that still lie scattered on the country's seabed.

Ancient shipwrecks and even many more recent ones are still off-limits.

Now that seems to be gradually changing, with a new project to create underwater museums.

Divers will be able to tour certain shipwrecks and non-divers will experience the sites through virtual reality in information centers on land.

The first of these sites is the Peristera shipwreck, named for the uninhabited Greek island opposite Alonissos where it was discovered in the early 1990s. The cargo ship was laden with thousands of amphoras, or vases, probably containing wine, when it sank in the late 5th century B.C.

All that survives is the cargo, the exposed parts of the wooden ship having long since rotted away. But the sight is spectacular.

Thousands of ancient vases, the vast majority intact, lie in layers. Fish, sponges and other sea creatures have made the amphoras their home, adding color and life to the site. In some places, the cargo towers above divers as they pass along the perimeter of the wreck.

"It is very impressive. Even I, who have been working for years in underwater archaeology, the first time I dived on this wreck I was truly impressed," said Dimitris Kourkoumelis, the lead archaeologist on the project preparing the site for visitors. "It's different to see amphoras ... individually in a museum and different to see them in such concentration."

The wreck still holds mysteries. Only a small part has been excavated, and experts have yet to determine how or why it sank, or what other treasures it might have carried beneath the estimated 4,000 amphoras in its hold.

There are indications a fire had broken out on board, but it's unclear whether that contributed to its sinking.

"Was it a piracy act? Was it overloaded?" said Elpida Hadjidaki, the first archaeologist to excavate the site. These questions remain unanswered.

The Peristera wreck is the largest ship of its time to have been found and its discovery was of major significance to historians.

"Up to then, we thought that large ships that were carrying 1,500 amphoras and were up to 70 tons, they were built by the Romans in the 1st century B.C.," Hadjidaki explained. "Well, now we have a ship that was not built in the 1st century B.C., it was built in the 5th century B.C., it carried 4,000 amphoras and God knows what else and it's 126 tons."

Hadjidaki said she is thrilled the wreck is being opened to visitors.

"It's fantastic. Twenty-five years ago, I was the first person that proposed that and people were jumping at me, they thought I was crazy," she said. "Why should we keep it to ourselves? We have to give knowledge to people."

The first test for guided tours of the wreck, which lies at a depth of about 22-28 meters (72-92 feet), was carried out last weekend with small groups of recreational and professional divers.

A thorough briefing, complete with historical information and the rules of the dive, preceded the short boat ride from the tiny harbor of Steni Valla on Alonissos to the site. On the wreck itself, explanatory signs have been suspended along the perimeter.

The initial feedback has been positive.

"It was an amazing opportunity ... to dive at last on an ancient wreck," said Kostas Menemenoglou, a 39-year-old recreational diver from the central town of Volos. "It was a fantastic experience. It's really like diving into history."

Three other shipwrecks in the Pagasitic Gulf in central Greece are also included in the project, which is part of a European Commission-funded BlueMed program, which plans to expand the project to Italy and Croatia. More test dives will be held this summer and next year, with hopes of fully opening the sites to recreational diving in early 2021.

"Accessible archaeological sites are one of the most interesting projects — not just a Greek project but a worldwide project," said Kourkoumelis, who noted it has taken a long time to get to the point of allowing visitors to access an ancient wreck.

"It took years. And that's logical, because underwater ancient sites and particularly ancient shipwrecks are exposed ... and fragile," he said, noting it was crucial to properly set up the project and the dive conditions, making sure the sites are protected before they can be opened to the public.

"All the conditions must be ensured so that these sites remain safe in the future and for future generations," he added.

____

Follow Becatoros on https://twitter.com/ElenaBec

Source: Fox News World

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U.S. EPA chief defends big energy projects, says climate not top priority

U.S. EPA Administrator Andrew Wheeler is pictured EPA headquarters in Washington
U.S. EPA Administrator Andrew Wheeler is pictured EPA headquarters in Washington, DC, U.S. April 11, 2019. REUTERS/Timothy Gardner

April 11, 2019

By Timothy Gardner and Valerie Volcovici

(Reuters) – The U.S. Environmental Protection Agency will unveil a proposal to speed state-level permitting decisions for energy infrastructure projects soon, the agency’s chief told Reuters on Thursday, blasting states that have blocked coal terminals and gas pipelines on environmental grounds.

President Donald Trump is seeking to boost domestic fossil fuels production over the objections of Democrats and environmentalists concerned about pollution and climate change. On Wednesday he issued a pair of executive orders targeting the power of states to delay energy projects.

“We started working on it in advance, so we hope to have something out soon,” EPA Administrator Andrew Wheeler said in an interview. He was unable to provide a precise timeline.

Based on Trump’s orders, Wheeler’s EPA has been tasked with clarifying a section of the U.S. Clean Water Act that has allowed states like New York and Washington to delay projects in recent years.

New York has used the section to delay pipelines that would bring natural gas to New England, for example, and Washington state has stopped coal export terminals that would open the Asian market for struggling coal companies in Wyoming and other landlocked western states.

“They are trying to make international environmental policy,” Wheeler said of Washington state, whose governor, Democrat Jay Inslee, is running for president on a climate change-focused platform. “They’re trying to dictate to the world how much coal is used.”

Wheeler said New York, which amid strong public pressure denied a clean water act permit for construction of a natural gas pipeline to New England, is forcing that region “to use Russian-produced natural gas.”

“We are importing Russian natural gas which is not produced in an environmentally conscious manner. If the states that are blocking the pipelines were truly concerned about the environment, they would look to where the natural gas would be coming from… I think it’s very short-sighted,” he said.

Wheeler said the EPA would not prevent a state from vetoing a project, but would clarify the parameters they should be able to consider, and the length of time they have to do so.

He also said that California is playing politics in its fight with the EPA to preserve its more stringent vehicle emission standards as the national standard.

CLIMATE: NOT A PRIORITY

Wheeler said he believes climate change is a problem, but that it had been overblown by former President Barack Obama’s administration – at the expense of other bigger issues like water quality.

“Yes, climate is an issue and we are working to address it, but I think water is a bigger issue,” he said.

Wheeler dismissed the findings of a report released earlier this week by EPA scientists in the journal Nature Climate Change that detailed the scale and urgency of climate change.

He said while he encouraged EPA scientists to carry out and publish research, he stressed the recent paper “did not reflect EPA policy.”

Environmental groups say the EPA’s replacement of an Obama-era rule limiting carbon emissions from power plants would likely lead to increased emissions by allowing older, more polluting coal plants to operate longer.

Asked whether the replacement – the Affordable Clean Energy rule, which gives states responsibility for regulating emissions – is stringent enough, Wheeler said it adheres to the parameters of federal law.

“I think what is effective regulation is one that follows the law and one that will be held up in court,” he said.

Several Democrats challenging Trump in the 2020 election have made climate change a top-tier issue, embracing aggressive policy platforms like the Green New Deal calling for an end of fossil fuels use.

Asked whether he was concerned that the EPA may be out of synch with polls showing an overwhelming number of young people believe climate change should be a priority issue, Wheeler was dismissive.

“I do fear that because so many people only talked about climate change. You’re right, there could very well be a new generation coming up saying that’s the only environmental issue – and it’s not,” he said.

(Additional reporting by Humeyra Pamuk and David Shepardson; Editing by Dan Grebler)

Source: OANN

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Q&A: After marathon Afghan talks, is peace at hand?

The longest direct talks ever held between the United States and the Taliban concluded this week with both sides citing progress toward ending the 17-year war in Afghanistan, but many questions remain unanswered.

The Taliban are negotiating from a position of strength: They effectively control half the country, and President Donald Trump has made clear he is frustrated with America's longest war and determined to bring the troops home. The two sides have reached a draft agreement on the withdrawal of U.S. troops — a longtime Taliban demand — and the insurgents have rebuffed U.S. efforts to get them to negotiate with the Kabul government.

U.S. envoy Zalmay Khalilzad can claim some success. The Taliban have said they will prevent Afghanistan from being used as a base for launching terror attacks, as it was prior to 9/11. But the insurgents have provided no specifics on what that would entail, and it remains unclear whether they are willing or able to confront other militant groups, some of which are longtime allies.

WHAT WAS ACCOMPLISHED?

The marathon talks extended for 13 days and saw Khalilzad meet face-to-face with Mullah Abdul Ghani Baradar, a co-founder of the Taliban and veteran battlefield commander. That alone marks a major change after three successive U.S. administrations — including Trump's — rejected direct talks.

Khalilzad said they reached two "draft agreements" covering the withdrawal of U.S. troops and guarantees that Afghanistan would not revert to a haven for terrorists. But he was unable to persuade the Taliban to launch talks with the U.S.-backed government in Kabul, which the insurgents view as a corrupt and dysfunctional American puppet.

Instead, the Taliban agreed to meet with a wide array of prominent Afghan figures, including some government representatives. That would further undermine President Ashraf Ghani, who is increasingly being cast as part of a chorus of Afghan voices.

___

WILL THE AMERICANS WITHDRAW?

The two sides seem to be in agreement about the withdrawal of American forces, but divided over the timeline and whether a residual force would remain.

Taliban officials have told The Associated Press that the insurgents want a full withdrawal within three to five months, but that U.S. officials say it will take 18 months to two years. The Americans are likely to insist on a residual U.S. force to guard the American embassy and other diplomatic facilities, and may press for a counterterrorism force as well.

Even if the Americans accept the Taliban's demands for a more rapid pullout, they could encounter logistical bottlenecks in withdrawing more than 10,000 American soldiers and heavy equipment from the central Asian country.

___

WILL THE TALIBAN KEEP THE PEACE?

Both sides have continued to battle it out even as they negotiate, and no cease-fire has been reached.

The highly-disciplined Taliban can be expected to halt their military operations once they agree to do so, but whether they can or will act against other militant groups is a thornier question.

The Taliban have clashed repeatedly with an upstart Islamic State affiliate in recent years but have been unable to dislodge it from its strongholds in the eastern Nangarhar province. U.S. forces have had more success against IS, but air power has played a crucial role and may no longer be available after a withdrawal.

Other militant groups, like al-Qaida and the Haqqani network, have longstanding ties to the Taliban and are still active in Afghanistan and neighboring Pakistan. Ayman al-Zawahri, who succeeded Osama bin Laden as the leader of al-Qaida after he was killed in a U.S. raid in Pakistan in 2011, is believed to be in hiding in the region, and still counts hundreds or perhaps thousands of followers in the two countries.

The Taliban might be able to convince such groups to lie low, but are unlikely to wage a Western-style counterterrorism campaign against them. And if an attack on Western interests were traced back to the region, the Taliban could evade responsibility by saying it came from the Pakistani side of the porous, mountainous border.

___

WHAT ABOUT THE AFGHAN GOVERNMENT?

The U.S. has spent 17 years and tens of billions of dollars propping up the government in Kabul, and Ghani himself owes his office to then-Secretary of State John Kerry, who negotiated a power-sharing arrangement after the 2014 election was marred by allegations of massive fraud.

But in recent months, the U.S. envoy has acquiesced to Taliban demands to keep the government on the sidelines. The Americans say they are working closely with the Afghan government and favor an Afghan-led process, but Ghani has yet to secure a seat at the table. Khalilzad said an Afghan dialogue will be held but there were no promises of a leading role for Ghani.

It remains unclear whether the government would survive in its present form without extensive aid from the U.S. and NATO, which have provided crucial air support during major battles with the Taliban. There are also numerous heavily armed factions within the government that could fight among themselves, as they did in the early 1990s. After years of poor governance and widespread corruption, many Afghans might be happy to see the government go.

___

WHAT DOES THIS MEAN FOR AFGHAN WOMEN?

During the Taliban's ultra-conservative rule in the 1990s, women were largely confined to their homes and girls had no access to education.

Women secured gains after the U.S.-led invasion, but those were largely confined to upper-class bastions in major cities, while in the countryside women and girls must still abide by the country's conservative cultural values.

The Taliban have moderated their tone in recent years, saying they are no longer opposed to women working and girls attending school. The U.S. has said it is up to the Afghans to determine how their country is governed.

Source: Fox News World

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South Korea March exports contract for fourth month, puts policymakers on notice

FILE PHOTO: A container terminal is seen at Incheon port in Incheon
FILE PHOTO: A container terminal is seen at Incheon port in Incheon, South Korea, May 26, 2016. REUTERS/Kim Hong-Ji/File Photo

April 1, 2019

By Joori Roh and Cynthia Kim

SEOUL (Reuters) – South Korea’s exports contracted for a fourth month in March but at a slower rate in a sign of continued strain on the trade reliant economy, putting pressure on policymakers to shift to an easing stance to ward off growing external risks.

Overseas sales slid 8.2 percent in annual terms, slightly outperforming a 8.7 percent decline tipped in a Reuters survey but extending the contraction that begin in December.

Imports shrank by 6.7 percent in March from a year earlier, worse than a 4.9 percent fall seen in the survey. This produced a $5.22 billion trade surplus, nearly doubling the amount in February, the Korea Customs Service data showed on Monday.

A continued slide in exports puts increasing pressure on policymakers to offer stimulus or shift to an easing stance as slowing global growth and the China-U.S. trade war slows Asia’s fourth largest economy.

“It would be difficult to see a significant improvement in exports, unless the sluggish semiconductor and China-bound exports are resolved,” said Park Sang-hyun, an economist at Hi Investment and Securities.

The trade data comes on top of a recent batch of weak indicators, such as February factory output that shrank to a two-year low, piling pressure on manufacturers across auto and petrochemical industries.

Bank of Korea Governor Lee Ju-yeol said last week the central bank may change its current neutral stance on monetary policy should “recovery sentiment” worsen significantly.

Analysts say the fall in exports was led by a slump in semiconductor business, the country’s key export, as well as cooling demand from China, its biggest market, amid the trade war with the United States, a Reuters poll showed on Wednesday.

The trade ministry is due to release a breakdown of trade data later on Monday.

Some of South Korea’s biggest exporters, including Samsung Electronics Co Ltd, have flagged concerns about earnings as chip prices fall and demand slows in China.

(Reporting by Joori Roh, Cynthia Kim; Additional reporting by Yena Park; editing by Darren Schuettler)

Source: OANN

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Bank of Canada to hold rates until at least early 2020: Reuters Poll

A cyclist rides past the Bank of Canada building in Ottawa
A cyclist rides past the Bank of Canada building in Ottawa July 17, 2012. The Bank of Canada left interest rates unchanged on Tuesday, but made clear it was still weighing an eventual move higher, even as other central banks ease monetary policy to cope with damaging economic slowdowns. REUTERS/Chris Wattie (CANADA - Tags: BUSINESS POLITICS)

April 18, 2019

By Mumal Rathore

BENGALURU (Reuters) – The Bank of Canada is expected to hold policy steady for the rest of this year, with calls for the next hike in early 2020 resting on a knife’s edge, a Reuters poll showed, the latest dulling of rate expectations for a major central bank.

Just last month, a majority of economists said the overnight rate would rise to 2.0 percent in the third quarter of this year, followed by another rise next year.

The findings from the April 12-16 poll of over 40 economists brings expectations for the BoC in line with those for the U.S. Federal Reserve and other major central banks, which are now forecast to stay on the sidelines this year.

The Canadian economy has taken a hit from the mandatory production cut of oil – its biggest export – a slowdown in the housing market and wilting business sentiment over worries surrounding the U.S.-China trade war.

“Although the Bank of Canada still sports a directional bias in its forward-looking language, referring to ‘future rate increases’ in the March announcement, this likely reflects the fact that policy rates are still negative in real terms,” noted Douglas Porter, chief economist at BMO Capital Markets.

“However, this doesn’t preclude a Fed-comparable desire to stand pat given the substantial risks posed by higher interest rates – given a record-high household debt-to-income ratio – along with global economic headwinds and trade uncertainties.”

All economists polled said the BoC will hold rates at 1.75 percent at its April 24 meeting and about 60 percent of them say they will stay there through to the end of this year.

The median forecast shows the central bank will hike in the first quarter of next year to 2.0 percent, but the sample was split. The rates are forecast to stay put after that through to end-2020.

Almost 90 percent of economists who answered an additional question said a rate cut was unlikely by end-2020 as they remain hopeful the economy will muddle through its current rough patch.

“Those that think the softness will continue will point to signs of slowing growth in the U.S. and Europe, declines in global trade volumes, an inversion of the yield curve, and declines in business and consumer confidence,” noted Jean-François Perrault, chief economist at Scotiabank.

“While these factors are acting to hold back growth to some extent, fundamentals remain generally solid and our models continue to suggest that the probability of a recession in Canada is very low.”

The recent rise in oil prices contributed to a Canadian inflation increase to 1.9 percent in March, just below the central bank’s 2 percent target. A separate Reuters poll showed oil prices are expected to rise over the coming year.

While that may help underpin the economy, a major oil and natural resources exporter, the growth outlook was cut in the latest poll.

Gross domestic product (GDP) growth was forecast to average 1.6 percent this year and 1.7 percent next, a downgrade from 1.8 percent predicted for both those years in the January poll.

The median probability of a recession in the next 12 months was 20 percent, and 27.5 percent in the next two years. That compares with a 25 percent probability of a U.S. recession in the next 12 months and 40 percent chance in the next two years.

(Reporting and polling by Mumal Rathore; Editing by Ross Finley and Chris Reese)

Source: OANN

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Maduro's Useful Idiots

Much of the left in Europe and the US continues to subscribe to a Cold War worldview, in which virtually any domestic revolution stands in direct opposition to the ultimate enemy: Western imperialism. When it comes to Venezuela, that stance effectively advances the interests of multiple dictatorships.

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Britain must get to bottom of Huawei leak: UK finance minister

FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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

April 26, 2019

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

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

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

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

Source: OANN

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

April 26, 2019

By Simon Jessop and Sinead Cruise

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

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

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

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

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

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

Sherborne declined to comment.

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

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

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

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

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

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

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

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

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

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

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

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

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

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

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

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

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

(Editing by Jane Merriman)

Source: OANN

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

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

Ron Magill/Zoo Miami

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

Source: Fox News World

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

April 26, 2019

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

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

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

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

Source: OANN

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

April 26, 2019

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

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

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

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

Source: OANN

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