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Asian shares lose steam as investors grapple with U.S. recession risk

FILE PHOTO: A man stands in front of an electronic board showing the Nikkei stock index outside a brokerage in Tokyo
FILE PHOTO: A man stands in front of an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, March 25, 2019. REUTERS/Kim Kyung-hoon

March 27, 2019

By Hideyuki Sano

TOKYO (Reuters) – Asian shares slipped on Wednesday, giving up their small gains made the previous day, as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent while Japan’s Nikkei lost 0.6 percent.

Wall Street’s main indexes tallied solid gains on Tuesday but finished below their session highs in a reflection of the underlying concerns about the economic outlook.

The S&P 500 gained 0.72 percent while the Nasdaq Composite added 0.71 percent.

The 10-year U.S. Treasuries yield inched up to 2.425 percent from Monday’s 15-month low of 2.377 percent, though the yield curve remained inverted, with three-month bills yielding 2.461 percent, more than 10-year bonds.

The inversion spooked many investors as this phenomenon has preceded every U.S. recession over the past 50 years, triggering a dramatic selloff in stock markets across the globe late last week and a stampede into longer-dated U.S. government debt.

“While the markets now got out of the extreme nervousness about the U.S. yield curve, there is no denying that U.S. data has been soft of late, hardly dispelling worries about the outlook,” said Hirokazu Kabeya, chief global strategist at Daiwa Securities.

The silver lining for stock bulls is that in the past it has usually taken many months before the United States had slipped into recession after the curve was first inverted.

Yet the signs from a raft of economic data, including a set of indicators on Tuesday, weren’t encouraging.

Home building fell more than expected in February as construction of single-family homes dropped to near a two-year low while the consumer confidence index by the Conference Board fell unexpectedly.

“We are entering a new phase in markets as the U.S. monetary policy cycle has come to a turning point, from rate hikes to rate cuts,” said Akira Takei, bond fund manager at Asset Management One.

“Not all market participants have changed their mind-set yet. But as time goes by, it will become clear that a rate cut is the real possibility. The curve will be inverted further until the Fed cut rates,” he said.

Many major economies in the world, including China, Europe and Japan, are already slowing down, not helped by uncertainties stemming from trade frictions between the U.S. and China as well as Brexit.

A senior International Monetary Fund official said on Tuesday trade tensions between the U.S. and China have caused huge amounts of economic uncertainty and could cut Asia’s economic growth by 0.9 percentage point.

Investors are left wondering what to expect on Britain’s plan to exit from the European Union, with potential scenarios spanning from a cancellation of Brexit to a no-deal exit.

Prime Minister Theresa May will address her Conservative lawmakers, possibly to set out a timetable for her departure, to win support for her twice-rejected Brexit deal as the parliament prepares to vote on a variety of possible options.

Ahead of the so-called indicative votes, the pound stood little changed at $1.3205.

The euro slipped to a two-week low of $1.1262 as the dollar gained some footing on a rebound in U.S. bond yields. The common currency last fetched $1.1276.

The dollar edged back to 110.50 yen, from Monday’s 1-1/2-month low of 109.70.

Oil prices remained supported by supply curbs by the Organization of the Petroleum Exporting Countries plus allies and as Venezuela’s main oil export port and four crude upgraders have been unable to resume operations following a massive power blackout.

U.S. crude futures traded at $59.86 per barrel, down slightly on Wednesday but up 1.4 percent so far this week.

(Editing by Shri Navaratnam)

Source: OANN

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Hamas reveals weak spot in Netanyahu re-election campaign

With Prime Minister Benjamin Netanyahu locked in a tight race for re-election, the Hamas militant group has suddenly emerged as a major vulnerability for the Israeli leader.

This week's outbreak of fighting between Israel and Hamas, sparked by a rocket strike on a home in central Israel, was the latest reminder of Netanyahu's inability to find a way to cope with the Gaza Strip's Hamas rulers.

Just two weeks ahead of the vote, Netanyahu finds himself facing questions from residents in southern Israel and tough criticism from opponents across the political spectrum.

Yair Lapid, a leader of the rival Blue and White Party, said Israel has lost its power of deterrence over Hamas on Netanyahu's watch.

"A terrorist organization can't determine our daily routines," he told Israel's Army Radio. "Hamas can't run the show. Hamas can't decide when the fighting starts and ends."

In the latest round of fighting, Israel struck dozens of targets throughout Gaza following Monday's early-morning rocket attack.

Palestinian militants responded by firing dozens of rockets into southern Israel, forcing residents to spend the night in bomb shelters and canceling school for thousands of children. By early Tuesday, the fighting appeared to have subsided.

The violence came less than two weeks after a similar conflagration sparked by a rocket attack on Tel Aviv, Israel's densely populated commercial and cultural capital.

Israel has grappled with the Hamas question since the Islamic militant group, which seeks Israel's destruction, toppled forces of Palestinian President Mahmoud Abbas and seized control of Gaza in 2007.

Israel has maintained a tight blockade on Gaza, restricting who and what enters the territory, fought three wars against Hamas and engaged in dozens of smaller flare-ups like this week's fighting.

This policy has succeeded in containing Hamas. Yet the weakened group remains firmly in control in the territory. Unable to topple Hamas, Israel has been forced to reach unspoken understandings with its bitter enemy to maintain stability in the impoverished territory of 2 million people, amid repeated outbreaks of fighting.

Hamas' Gaza leader, Yahya Sinwar, has compared the people of Gaza to a "caged animal." With few tools at his disposal, Hamas has tried to heat things up over the past year, staging weekly border demonstrations, allowing protesters to launch flaming kites and explosives-laden balloons into Israel and tolerating the occasional rocket attack, all in hopes of drawing concessions and easing the blockade.

This strategy has had only limited success but repeatedly put Netanyahu in uncomfortable situations.

Netanyahu came under tough criticism several months ago when he allowed Qatar, a key behind the scenes mediator, to deliver millions of dollars of humanitarian aid to Gaza in cash-stuffed suitcases through an Israeli border crossing. The money was badly needed to ease the dire living conditions in Gaza.

And every outbreak of violence draws renewed attention to the flawed policy of an Israeli leader who has made security the hallmark of his election campaign.

The recent rocket attack marred a visit by Netanyahu to Washington, where he was invited to the White House to celebrate the U.S. recognition of Israel's annexation of the Golan Heights. He then planned a campaign-style speech to the pro-Israel AIPAC lobbying group. Instead, the Golan announcement was overshadowed by the fighting in Gaza, and Netanyahu had to cut short the visit and rush back to Israel.

"This rocket was bad for Netanyahu," said Gideon Rahat, professor of political science at the Hebrew University of Jerusalem. "This conflict right now does not play into his hands."

Speaking to AIPAC by satellite on Tuesday, Netanyahu put on a tough face, saying Israel had pounded Hamas on a scale not seen since a 2014 war. "I can tell you, we are prepared to do a lot more," he said.

But in Israel, such claims are greeted with skepticism after so many rounds of fighting.

"The residents are angry that this has been continuing for a year. They want quiet and a normal life," said Gadi Yarkoni, leader of the Eshkol regional council in southern Israel.

After failing to capitalize on a series of corruption allegations against Netanyahu, his opponents are sure to step up the criticism of his Gaza policy in the final stretch of the campaign.

The centrist Blue and White Party, which is running neck and neck with Netanyahu's Likud, is led by Benny Gantz, a popular former military chief who led the army through wars against Hamas in 2012 and 2014. Two other ex-military chiefs are in the party's top ranks.

"If you are looking for deterrence, look to the people who brought the deterrence to Israel and led the army in times like this," Lapid said.

Whether this strategy can work remains to be seen. Netanyahu's rivals have offered various alternatives that have no guarantee of success.

Lapid called on Israel to resume its policy of "targeted assassinations" of Hamas leaders, a tactic that in the past unleashed heavy fighting.

Naftali Bennett, leader of the ultranationalist New Right party, called for even tougher action and for Israel to wipe out Hamas' entire leadership and military capabilities.

Speaking on Channel 12 TV, Bennett said Israel must "chase down every Hamas commander, from the chief to the platoon commander and the foot soldier. Just kill, kill these people, destroy their homes on a scale they don't know."

Such an operation, he said, would take months to complete. It also would carry a heavy price for both Hamas and the Israeli military.

Aron Shaviv, a political consultant and former strategist for Netanyahu, said the Israeli leader is "caught between a rock and a hard place."

He said that if Netanyahu responds forcefully in Gaza now, voters will wonder why he took a more cautious approach in the past four years.

"He would have a hard time explaining why he has changed his approach and why an attack on central Israel warrants a harsh response versus an attack on southern Israel," he said.

Fortunately for Netanyahu, he said Blue and White leaders have "failed miserably" to capitalize on their security credentials so far. He said alienated right-wing voters are likely to support other hard-line parties that would end up joining Netanyahu in a coalition in any case.

In Gaza, meanwhile, Hamas is likely to continue to test Netanyahu until election day on April 9.

"Hamas is trying to press Netanyahu ahead of the elections to lift the blockade," said Ibrahim al-Madhoun, a pro-Hamas writer in Gaza. "This equation gives Hamas leverage that it can use against him. So I think escalation or calm will greatly affect the Israeli elections."

Source: Fox News World

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The Latest: Attorney: Patterson long wanted to plead guilty

The Latest on Wednesday's arraignment of the man suspected of kidnapping 13-year-old Jayme Closs, slaying her parents and holding her captive for 88 days (all times local):

1:20 p.m.

Attorneys for a Wisconsin man who admitted to abducting 13-year-old Jayme Closs and killing her parents say he wanted to plead guilty "from the day we met him."

Jake Patterson pleaded guilty Wednesday to two counts of intentional homicide and one count of kidnapping.

Attorney Richard Jones says Patterson rejected all options that defense attorneys presented him, including trying to suppress his statements to investigators in which he confessed.

Jones told Judge James Babler that Patterson "decided this is what he wants to do."

Patterson said in a letter from jail last month that he planned to plead guilty to spare Jayme and her family the ordeal of a trial.

Jayme Closs was held for 88 days in a cabin about an hour north of her home before she escaped in January.

___

1:05 p.m.

A Wisconsin man has pleaded guilty to kidnapping 13-year-old Jayme Closs and killing her parents.

Twenty-one-year-old Jake Patterson pleaded guilty Wednesday to two counts of intentional homicide and one count of kidnapping. A count of armed burglary was dropped. The intentional homicide counts carry a sentence of life in prison.

Patterson admitted to kidnapping Jayme after killing her parents, James and Denise Closs, at the family's home on Oct. 15. Patterson held her at a remote cabin for 88 days before she escaped in January. A criminal complaint says Patterson told authorities he decided to "take" Jayme after he saw her getting on a school bus near her home.

___

11 a.m.

Residents in a small Wisconsin town say they're hoping to see a guilty plea from the man accused in the kidnapping of 13-year-old Jayme Closs and slaying of her parents.

Jake Patterson faces arraignment Wednesday afternoon on charges of homicide and kidnapping. He wrote to a Minneapolis TV station that he intended to plead guilty, but his defense attorneys have not confirmed that.

John Terpstra is a church pastor in Barron. He says he hopes Patterson keeps his word so the Closs family doesn't have to go through a court case.

Retiree Kathy Wirth says she's sorry for what Jayme went through and still has to go through.

Jayme was held for 88 days in a cabin about an hour north of her family's home before she escaped in January.

___

12:01 a.m.

A man charged with kidnapping a 13-year-old Wisconsin girl and killing her parents is expected to enter a formal plea when he appears in court for an arraignment.

Twenty-one-year-old Jake Patterson wrote a letter to Minneapolis television station KARE saying he intends to plead guilty. His attorneys and prosecutors have not commented ahead of Wednesday's arraignment.

He's accused of killing James and Denise Closs and kidnapping their daughter, Jayme, on Oct. 15. Jayme was held for 88 days before escaping in January.

Patterson is charged with two counts of intentional homicide and one count each of kidnapping and armed burglary. He faces life in prison if convicted on the homicide counts.

___

Check out AP's complete coverage of Jayme Closs' abduction and her parents' deaths.

Source: Fox News National

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Brothers of ousted Sudanese ruler arrested, but protesters refuse to leave military headquarters

Sudan’s new military leaders on Wednesday arrested long-running president Omar al-Bashir’s two brothers on charges of corruption, as part of a widespread crackdown on officials and backers of the former government.

Hours earlier, Bashir himself, who was dramatically ousted more than a week ago, was relocated to Khartoum’s Koper Prison, an institution that has long housed scores of political prisoners under Bashir’s rule.

Despite the dramatic ouster of Bashir, thousands of Sudanese protesters continue to descend on the African nation's capital – pledging not to stop until the military relinquishes power.

FILE - In this May 18, 2018, file photo, Sudan's President Omar al-Bashir speaks during the extraordinary summit of the Organization of Islamic Cooperation (OIC), in Istanbul, Turkey. Sudan's armed forces were to deliver an "important statement" and asked the nation to "wait for it" on Thursday, April 11, 2019, state TV reported, as two senior officials said the military had forced longtime President Omar al-Bashir to step down.(Presidential Press Service/Pool via AP, File)

FILE - In this May 18, 2018, file photo, Sudan's President Omar al-Bashir speaks during the extraordinary summit of the Organization of Islamic Cooperation (OIC), in Istanbul, Turkey. Sudan's armed forces were to deliver an "important statement" and asked the nation to "wait for it" on Thursday, April 11, 2019, state TV reported, as two senior officials said the military had forced longtime President Omar al-Bashir to step down.(Presidential Press Service/Pool via AP, File)

Adorned with signs and chants, the Sudanese activists – ranging from youth and women’s rights groups to students and trade unionists – have assembled around the military headquarters in Khartoum, urging one another not to leave until the military hands over power to a civilian administration.

SUDAN'S MILITARY RULERS FIRE TOP CHIEF PROSECUTOR, AIDS

However, the military has declared it will remain in charge for a two-year transitional period, followed by elections. Yet across social media, many have affirmed to uphold the sit-in until their insistence for a quick handover to a civilian ruling council is met.

Bashir, 75, was known not only as one of the longest-serving Presidents in both Africa and the Arab world, but also a key orchestrator of corruption, conflict and civil war. He is wanted by the International Criminal Court for genocide and crimes against humanity for horrors committed in neighboring Darfur, but the military to-date has stopped short of agreeing to hand him over to The Hague.

CHRISTIAN EX-CHILD SOLDIER, NOW HIP-HOP ARTIST, CALLS FOR FORGIVENESS

His fall from grace seemingly began in December amid a deteriorating economic meltdown, prompting some 40 million Sudanese to take to the streets to demand his removal. The demonstrations stretched on for four months until activists raised the stakes with a sit-in outside the military headquarters.

Law enforcement and intelligence personnel initially purported to clear the area with a heavy hand, before siding with the protests and pronouncing a Bashir usurp on April 11. The next day, Bashir announced he was stepping down.

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But with the sit-in ongoing and protests calling for a renewed wave of pressure against the military, their battle is far from won.

Source: Fox News World

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EU watchdog SRB sees no imminent banking risks from no-deal Brexit

Anti-Brexit demonstrators gather outside the Houses of Parliament, in Westminster, London
Anti-Brexit demonstrators gather outside the Houses of Parliament, in Westminster, London, Britain, March 25, 2019. REUTERS/Alkis Konstantinidis

March 26, 2019

BRUSSELS (Reuters) – Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for dealing with failing lenders said on Tuesday.

Single Resolution Board’s chief Elke Koenig also said a court ruling last week which overturned an EU decision over the rescue of Italy’s Tercas bank in 2014 could open the way for a discussion on the role of deposit guarantee schemes beyond their core function of protecting savers of collapsing banks.

(Reporting by Francesco Guarascio, Editing by Gabriela Baczynska)

Source: OANN

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Hunt under way for suspect in shooting of officer

Authorities say a Virginia police officer has been shot and seriously wounded after making a traffic stop.

State police say a Bluefield officer was shot after stopping a 2008 Toyota Yaris for an equipment violation on Route 460 shortly before midnight Saturday.

Authorities say a passenger in the vehicle began shooting at the officer.

The officer and another Bluefield officer, who had responded to assist with the traffic stop, returned fire. The Toyota's driver surrendered but the passenger got into the driver's seat and drove off.

The Toyota was found abandoned a few hours later in Bluefield, West Virginia. The search for the passenger continued Sunday.

The wounded officer was being treated for serious injuries that were not considered life threatening at Roanoke Memorial Hospital.

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Kentucky governor says he intentionally exposed his 9 kids to chickenpox

Kentucky Gov. Matt Bevin said Tuesday that he deliberately exposed his nine children to chickenpox in lieu of vaccinating them, actions that follow reports of an outbreak of the contagious disease at a Roman Catholic school in a northern part of the state.

“Every single one of my kids had the chickenpox," Bevin told Bowling Green radio station WKCT. "They got the chickenpox on purpose because we found a neighbor that had it and I went and made sure every one of my kids was exposed to it, and they got it. They had it as children. They were miserable for a few days, and they all turned out fine.”

Bevin said he doesn’t believe vaccines should be mandated by the government.

KENTUCKY TEEN SUES HEALTH DEPARTMENT AFTER HE'S BARRED FROM BASKETBALL FOR REFUSAL TO GET CHICKENPOX VACCINE

“If you are worried about your child getting chickenpox or whatever else, vaccinate your child,” the governor said. “But for some people, and for some parents, for some reason, they choose otherwise. This is America. The federal government should not be forcing this upon people. They just shouldn’t.”

"This is America. The federal government should not be forcing this upon people. They just shouldn’t."

— Kentucky Gov. Matt Bevin

AL ROKER SLAMS 'NITWIT' KENTUCKY GOV. MATT BEVIN OVER COLD WEATHER COMMENTS

But medical experts called Bevin’s actions unsafe.

"We're no longer living in the 17th century," Dr. Robert Jacobson, a pediatrician and expert in vaccines and childhood diseases at the Mayo Clinic in Minnesota told the Louisville Courier-Journal. "I really recommend to my parents that they vaccinate their children, that they do it in a timely manner, and they recognize they are doing the right thing for their children."

"We're no longer living in the 17th century. I really recommend to my parents that they vaccinate their children, that they do it in a timely manner, and they recognize they are doing the right thing for their children."

— Dr. Robert Jacobson, Mayo Clinic in Minnesota

CHICKENPOX OUTBREAK AT NORTH CAROLINA SCHOOL WITH HIGH ANTI-VACCINATION RATE LEAVES DOZENS SICK

The Centers for Disease Control and Prevention recommends against intentionally exposing children to the disease -- including hosting chickenpox parties.

"Chickenpox can be serious and can lead to severe complications and death, even in healthy children," according to the CDC website.

In response to Bevin’s comment, the Kentucky Democratic Party called on the Republican to state his position on vaccinations for hepatitis A, which has killed 44 people in the state, the paper reported.

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“Kentucky is currently experiencing the worst outbreak of Hepatitis A in the country. It is a major public health risk at this point. The last thing we need is Governor Bevin suggesting that immunization is not important," KDP spokeswoman Marisa McNee told the paper in an email. "Governor Bevin should reassure the public that he supports the recommendation of the entire medical community with respect to controlling an outbreak of Hepatitis A, which is immunization.”

The state requires children entering kindergarten to get vaccinated for chickenpox but parents can seek religious exemptions. Bevin’s comments come as the Our Lady of the Assumption Catholic Church & Academy high school in Walton is suffering from 32 reported chickenpox cases.

Source: Fox News Politics

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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Cyprus police on Friday widened their search for more victims of a suspected serial killer after the 35-year-old national guard captain told investigators he killed four more people that he previously admitted to on the small Mediterranean nation.

The count now has climbed to seven.

CYPRUS FEARS POSSIBLE SERIAL KILLER AFTER BODIES OF TWO WOMEN ARE DISCOVERED IN MINESHAFT

Authorities said they are focusing on a military firing range, a man-made lake and an abandoned mine about 20 miles west of the capital Nicosia.

Cypriot President Nicos Anastasiades expressed “deep sorrow and concern” at the slayings and said he shared the public’s revulsion at “murders that appear to have selectively targeted foreign women who are in our country to work.”

“Such instincts are contrary to our culture’s traditions and values,” he said in a statement from China, where he was on an official visit. He urged calm so police can complete their investigation.

The scale of the alleged crimes by a Cypriot National Guard captain has horrified the small nation of over a million people, where multiple killings are rare. Five British law enforcement officials — including a coroner, a psychiatrist and investigators who specialize in multiple homicides — have been dispatched to help with the investigation.

On Thursday, the 35-year-old suspect, who can’t yet be named because he hasn’t been formally charged, told investigators that he had killed four more people than he had previously admitted to. Police said the suspect will appear in court Saturday for another custody hearing.

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims. 

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week’s discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims.  (AP)

The victims — all foreigners— include Marry Rose Tiburcio, 38, from the Philippines, whose bound body was found April 14 in a flooded mineshaft. She and her six-year-old daughter had been missing since May of last year.

The girl remains missing and authorities believe she was also slain by the suspect. Divers have entered the reservoir to search for her but have not found her body yet.

CYPRUS: GROUND NOT YET READY FOR PEACE TALKS RESUMPTION 

Authorities tracked down the officer last week by scouring Tiburcio’s online messages.

Six days later, police discovered another body April 20 in the same mineshaft, identified by Cypriot media as 28-year-old Arian Palanas Lozano, also from the Philippines.

A third alleged victim, also of Filipino descent, is 31-year-old Maricar Valtez Arquiola, who had been missing since December 2017. The suspect initially denied killing Arquiola but reversed himself after a court hearing Thursday, a police official said.

The suspect on Thursday also pointed investigators to a military firing range, where they discovered another unidentified body, which according to the suspect belongs to a woman of either Nepalese or Indian descent.

SERIAL KILLER WHO MAY HAVE COMMITTED 90 MURDERS IS LINKED TO YET ANOTHER KILLING 

Cypriot police are also looking for a Romanian mother and daughter. Cypriot media identified them as Livia Florentina Bunea, 36, and eight-year-old Elena Natalia Bunea, who are believed to have been missing since September 2016.

The man-made lake remains off-limits to a manned search because of high levels of toxic heavy metals from the copper pyrite mine, Fire Service Chief Marcos Trangolas said, adding that authorities will use other means to scour the lake.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

Cyprus police have faced criticism from immigrant activists who said they didn’t act fast enough to investigate the whereabouts of some of the victims, many of them domestic workers. The island nation has 80 unsolved missing persons cases, going back to 1990.

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Police chief Zacharias Chrysostomou said a three-member panel has been assigned to probe whether police followed all the correct protocol in recent missing persons cases.

According to the state-run Cyprus News Agency, an investigator had told the court at an earlier hearing that the suspect admitted to killing one woman he met online after having sex with her.

The Associated Press contributed to this report. 

Source: Fox News World

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Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas
Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas, Venezuela June 12, 2018 in this still image taken from a video. REUTERS TV/ via REUTERS

April 26, 2019

CARACAS (Reuters) – Venezuela’s opposition-run National Assembly said on Friday that opposition lawmaker Gilber Caro was detained, which it described in a Twitter post as a violation of diplomatic immunity.

Caro had previously spend a year and a half in jail, before being freed in June 2018. The arrest comes as Juan Guaido, the National Assembly’s leader, mounts a challenge to President Nicolas Maduro, arguing his 2018 re-election was illegitimate. Guaido in January invoked the country’s constitution to assume an interim presidency.

(Reporting by Caracas newsroom; Editing by Chizu Nomiyama)

Source: OANN

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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Arizona Gov. Doug Ducey rejected demands from a secular group to remove posts on social media where he sent Easter greetings and cited a Bible verse, offering to provide copies of the Constitution to his critics.

Ducey, who’s a practicing Catholic, has been bombarded with calls from Secular Communities for Arizona to remove the post, which included a cross, a Bible verse, and the phrase, “He is risen.”

ARIZONA’S GOP GOVERNOR WAGING WAR AGAINST OCCUPATIONAL LICENSING LAWS

The group argued the posts crossed a line into government sponsorship of religious messages and was unconstitutional.

The governor fired back at the group, saying in a tweet that he will never remove the posts or other religious ones.

“We won’t be removing this post. Ever. Nor will we be removing our posts for Christmas, Hanukkah, Rosh Hashanah, Palm Sunday, Passover or any other religious holiday,” he tweeted. “We support the First Amendment, and are happy to provide copies of the Constitution to anyone who hasn’t read it.”

Dianne Post, an attorney for the secular group, told the Arizona Republic “elected officials should not use their government position and government property to promote their religious views.”

LICENSE REQUIRED TO REPAIR DOORS? REGS SPARK HEATED DEBATE IN ARIZONA

She added the courts have repeatedly “struck down symbolism that unites government with religion,” adding that Ducey’s office must “represent and protect the rights of all residents of Arizona, including those who do not believe in a monotheistic God or any gods at all.”

Many congratulated Ducey for not backing down amid the pressure, though some Facebook users sided with the secular group and criticized the governor on his original post.

“Why do you use a government platform to bring up your personal religion?” asked one person. “Are there no citizens in your jurisdiction that believe differently from you?”

Another stipulated that the post was somewhat discriminatory. “Great sensitivity, Doug. That’s the last time this Jew votes for you,” one person wrote.

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Ducey wished in a statement Arizonans last week a “blessed and joyful Easter and Passover weekend.”

The Associated Press contributed to this report.

Source: Fox News Politics

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