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'Great personal regret' that UK won't leave EU with deal next week: Theresa May

British Prime Minister Theresa May said Wednesday evening that it was "a matter of great personal regret" that the United Kingdom will not leave the European Union with a divorce agreement next week as previously scheduled.

Said May, it's time for members of Parliament to decide what will happen next.

"Do they want to leave the E.U. with a deal which delivers on the result of the [2016] referendum? Which takes back control of our money, borders and laws while protecting jobs and our national security?" May asked rhetorically during a brief address to the nation at 10 Downing Street. "Do they want to leave without a deal? Or do they not want to leave at all, causing potentially irreparable damage to public trust not just in this generation of politicians, but to our entire democratic process?"

May confirmed that she had asked European Council President Donald Tusk to postpone the scheduled date of Britain's departure from the E.U. to June 30 from March 29; she added that she isn't prepared "to delay Brexit any further."

E.U. leaders, who are exasperated by Britain's Brexit melodrama, will only grant the extension if May can win the U.K. Parliament's approval next week for her twice-rejected Brexit deal. In the letter to Tusk, May said she would set out her reasons to E.U. leaders at a summit in Brussels on Thursday.

TRUMP BACKS BREXIT BY PROMISING 'LARGE SCALE TRADE DEAL' WITH UK, AS LAWMAKERS MULL DELAY

Tusk has said he believes a short delay to Brexit "will be possible, but it would be conditional on a positive vote on the withdrawal agreement in the House of Commons."

"Even if the hope for a final success may seem frail, even illusory, and although Brexit fatigue is increasingly visible and justified, we cannot give up seeking until the very last moment a positive solution," Tusk said in Brussels.

May had planned to try again this week to get the agreement approved until the House of Commons Speaker John Bercow ruled that she can't ask Parliament to vote on the deal again unless it is substantially changed. The prime minister told Tusk that despite Bercow's ruling, "it remains my intention to bring the deal back to the House."

She's likely to do that next week -- within days or hours of Britain's scheduled departure -- by arguing that circumstances have changed, and that the speaker's bar on a third vote no longer applied.

FRENCH MINISTER NAMED HER CAT BREXIT BECAUSE HE'S INDECISIVE, REPORT SAYS

In her address Wednesday night, the prime minister ruled out the possibility of a second referendum on leaving the E.U., which is supported by the opposition Labour Party.

"I don’t believe that’s what you want and it is not what I want," May told viewers. "We asked you the question already and you gave us your answer. Now, you want us to get on with it."

An added wrinkle to May's request is the scheduled May 23-26 election for the European Parliament. Britain's seats in that body have been allocated to other countries to fill.

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Britain believes it won't have to participate if its scheduled exit date is pushed to June 30, because the newly elected European Parliament is not due to convene until July.

Some E.U. officials take a different view and want any extension to end by the first day of the European elections.

May poured cold water Wednesday night on asking Britons to vote in E.U. elections "nearly three years after our country decided to leave."

"What kind of message would that send?" she asked. "And just how bitter and divisive would that election campaign be at a time when the country desperately needs bringing back together?"

The Associated Press contributed to this report.

Source: Fox News World

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JPMorgan maintains key profit goal for next three years

The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles
The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles, California, United States, in this October 12, 2010 file photo. REUTERS/Lucy Nicholson/File Photo

February 26, 2019

By Elizabeth Dilts and David Henry

NEW YORK (Reuters) – JPMorgan Chase & Co on Tuesday maintained its key profit goal for its medium-term outlook of three years, according to an investor presentation ahead of its 12th annual investor day.

The bank projected that returns on tangible common equity (ROTCE), a key profit measure for how well banks use shareholder money, will be 17 percent, the same as last year.

Several analysts expected the bank to raise its target as bank executives have shown confidence so far this year about the bank’s competitive position and the macro economic conditions.

JPMorgan shares fell 1.2 percent to $104.80 in premarket trading.

The slide presentation, posted before the conference started, showed that JPMorgan’s outlook dimmed for profits from its Corporate & Investment Bank. It now expects return on equity of 16 percent, down from the 17 percent target a year ago. The investment bank provided one-third of JPMorgan’s revenues in 2018.

The outlook for the Asset & Wealth Management business took a worse turn. The bank expects a 25 percent-plus return on equity in the medium term, down from a target of 35 percent set a year ago. The prior target had been increased from 25 percent two years ago.

Asset managers have been faced with pressure on fees from competitors and index-based automated investing. For JPMorgan, the business accounted for about 13 percent of revenues last year.

Targeted return on equity remained unchanged at 25 percent for the Consumer & Community Banking segment, and 18 percent for the Commercial Banking segment.

The bank stuck with its previous targets of an expense overhead ratio of 55 percent as adjusted expenses were set to rise this year by $2.3 billion, or 3.6 percent.

The higher expense forecast includes $600 million of new investments in technology and $1.6 billion for marketing, front-office hiring, new branches and a new headquarters building.

The additional spending is down from $2.7 billion added a year ago, when it boosted the technology budget by $1.4 billion.

(Reporting By Elizabeth Dilts, Aparajita Saxena and David Henry; Editing by Anil D’Silva and Jeffrey Benkoe)

Source: OANN

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Explainer: Does Islamic State still pose a threat?

FILE PHOTO: Islamic state members walk in the last besieged neighborhood in the village of Baghouz
FILE PHOTO: Islamic state members walk in the last besieged neighborhood in the village of Baghouz, Deir Al Zor province, Syria February 18, 2019. REUTERS/Rodi Said/File Photo

February 20, 2019

BEIRUT (Reuters) – Islamic State looks about to lose its last foothold on the banks of the Euphrates in Syria, but though its era of territorial rule may have been expunged for now, there is near universal agreement that the group remains a threat.

WHAT HAS ITS TERRITORIAL DEFEAT ACCOMPLISHED?

Islamic State’s possession of land in Iraq and Syria set it apart from other like-minded groups such as al Qaeda and became central to its mission when it declared a caliphate in 2014, claiming sovereignty over all Muslim lands and peoples.

Destroying the quasi-state it built there denies the group its most potent propaganda and recruiting tool as well as a logistical base from which it could train fighters and plan coordinated attacks overseas.

It also freed its former subjects from summary executions and draconian punishment for breaking its strict laws or, for some minorities, sexual slavery and slaughter.

Warfare wiped out thousands of its fighters. And, financially, its defeat deprives it of greater resources than any modern jihadist movement has enjoyed, including taxes on its inhabitants and the proceeds of oil sales.

WHAT THREAT DOES ISLAMIC STATE STILL POSE IN IRAQ AND SYRIA?

In its previous guise as an al Qaeda offshoot in Iraq a decade ago, it navigated adversity by going underground, biding its time to rise suddenly again.

Since suffering devastating territorial losses in 2017, IS has steadily turned again to such tactics. Sleeper cells in Iraq have staged a scatter-gun campaign of kidnappings and killings to undermine the Baghdad government.

The group has also carried out many bombings in northeast Syria, which is controlled by U.S.-backed Kurdish forces, including one that killed four Americans in January. Kurdish and U.S. officials say its threat there persists.

In Syria, its fighters still hold out in the remote desert area near the road from Damascus to Deir al-Zor.

WHAT HAS HAPPENED TO ITS LEADERS, FIGHTERS AND FOLLOWERS?

The fate of its leader, Abu Bakr al-Baghdadi, remains a mystery. The U.S. government’s top experts strongly believe he is alive and possibly hiding in Iraq, U.S. sources recently said. Other top-echelon leaders have been killed in air strikes.

Thousands of its fighters and civilian followers have also been killed and thousands more captured. An unknown number remain at large in both Syria and Iraq.

Iraq is putting on trial, imprisoning and often executing Islamic State detainees. The U.S.-backed Syrian Democratic Forces (SDF) holds around 800 foreign fighters. More than 2,000 Islamic State wives and children are in its hands too. Many low-level local operatives have been released in Syria.

The SDF complains that Western states are reluctant to take back the foreign fighters, who are widely seen as a security threat at home but who might be hard to legally prosecute.

CAN IT STILL ORGANIZE OR INSPIRE ATTACKS OVERSEAS?

As Islamic State clung to its last scrap of land, the head of Britain’s spy agency MI6 warned that the group would return to “asymmetric” attacks.

Even after it began losing ground militarily, the group still claimed responsibility for attacks made in different countries, though often these have been blamed on “lone wolves” without its direction.

It started years ago to call on followers abroad to plan their own attacks, rather than focusing purely on ones staged by trained operatives supported by the group’s hierarchy.

In early 2018 the head of U.S. military central command said Islamic State was resilient and remained capable of “inspiring attacks throughout the region and outside of the Middle East”.

WHAT DOES ITS FALL MEAN FOR THE FUTURE OF GLOBAL JIHAD?

Although Islamic State’s core territory was in Iraq and Syria, jihadists fighting in other countries, notably Nigeria, Yemen and Afghanistan, pledged their allegiance to it.

Whether those groups will still wear its mantle, especially if Baghdadi is captured or killed, is an open question, but there seems little chance they will soon end their campaigns.

Al-Qaeda also retains numerous franchises around the world and other militant Islamist groups operate in countries where normal governance has broken down.

Jihadist ideology has long proven itself able to mutate as circumstances change, and there is no shortage of warfare, injustice, oppression, poverty, sectarianism and naked religious hatred for it to exploit.

(Reporting By Angus McDowall; Editing by Tom Perry and Gareth Jones)

Source: OANN

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Airmen to honor last WWII Doolittle Raider at Texas service

Hundreds of airmen will line the main entrance of an Air Force base in Texas to salute as the family of the last of the 80 Doolittle Tokyo Raiders arrives for his memorial service.

Retired Lt. Col. Richard "Dick" Cole died Tuesday in San Antonio at the age of 103. The Air Force on Friday released details for a memorial being held on April 18 at Joint Base San Antonio-Randolph.

The memorial is being held on the 77th anniversary of the Doolittle Raid during World War II.

On April 18, 1942, Cole was mission commander Jimmy Doolittle's co-pilot in the U.S. attack on Japan less than five months after the Japanese bombing of Pearl Harbor.

Cole, an Ohio native, will be buried at Arlington National Cemetery.

Source: Fox News National

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Former Trump lawyer Michael Cohen disbarred in New York

Michael Cohen has been disbarred in New York, with a court ruling that President Trump’s former lawyer’s guilty plea in Robert Mueller’s investigation automatically stripped him of his eligibility to practice law.

The court’s decision Tuesday came while he was on Capitol Hill, testifying behind closed doors before the House Intelligence Committee. He plans to testify in an open House Oversight Committee hearing on Wednesday.

COHEN TO ACCUSE TRUMP OF KNOWING ABOUT ROGER STONE-WIKILEAKS PLOT, BUT DENY 'DIRECT EVIDENCE' OF RUSSIA COLLUSION

Neither a spokesperson for Cohen nor for the New York Courts responded to Fox News’ request for comment on the decision.

Cohen, in November, pleaded guilty to lying to Congress about a Trump real estate project in Russia as part of Mueller’s investigation into Russian meddling and potential collusion with Trump campaign associates.

The guilty plea was related directly to his August 2017 testimony before the Senate Intelligence Committee about a plan to build a Trump Tower in Moscow, giving lawmakers a “false” description of the Moscow Project. Cohen also testified, at the time, that all communications with Russia regarding the project ended in January 2016, prior to the Iowa Caucuses—the first contest in the presidential race—but later admitted communications continued through June 2016 when Trump became the Republican nominee.

Cohen is slated to report to prison next month to serve three years time.

MICHAEL COHEN SPECTACLE OVERSHADOWS KOREA SUMMIT

Trump slammed Cohen on Tuesday, saying he was “lying” as part of the investigation to reduce his allotted prison time.

“Michael Cohen was one of many lawyers who represented me (unfortunately). He had other clients also. He was just disbarred by the State Supreme Court for lying & fraud. He did bad things unrelated to Trump. He is lying in order to reduce his prison time. Using Crooked’s lawyer!” Trump tweeted, noting that Cohen was represented by longtime Clinton ally Lanny Davis.

Cohen has been under criminal investigation as part of a grand jury probe into his personal business dealings, including his tax business and bank fraud, since April, when the FBI raided his home, office, and hotel room to seize a collection of documents as part of the U.S. Attorney’s Office for the Southern District of New York’s criminal probe.

In August, Cohen pleaded guilty to five counts of tax evasion, one count of making false statements to a financial institution, one count of willfully causing an unlawful corporate contribution, and one count of making an excessive campaign contribution. The excessive campaign contribution was regarding the $130,000 payment made to Stormy Daniels, whose real name is Stephanie Clifford, in the weeks leading up to the 2016 presidential election in exchange for her silence about an alleged one-time sexual encounter with Trump.

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Trump denied in April that he knew anything about Cohen’s payments to Daniels, though the explanations from the president and his attorney Rudy Giuliani have shifted several times.

The Associated Press contributed to this report. 

Source: Fox News Politics

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Latest twist in Jussie Smollett case ‘has to damage your faith’ in judicial system: Ben Domenech

The shocking announcement that the 16 criminal charges previously made against “Empire” actor Jussie Smollett had been dropped may have reinforced many people's negative assumptions about the criminal justice system in the U.S., the Federalist publisher Ben Domenech suggested Tuesday.

Earlier in the day, the Cook County (Ill.) State’s Attorney’s office declared that while Smollett wasn’t exonerated for allegedly staging a hate crime, his case was dismissed and the evidence remained sealed. In remarks to reporters, Smollett maintained his innocence, telling the world he was “truthful” since day one.

JUDGE NAP ON PROSECUTORS DROPPING CHARGES AGAINST JUSSIE SMOLLETT: 'ALMOST UNHEARD-OF'

During Tuesday's All-Star panel segment on Fox News' "Special Report with Bret Baier," Domenech -- along with “The Next Revolution” host Steve Hilton and the Cook Report national editor Amy Walter -- weighed in on the fallout of the dramatic plot twist in the Smollett case.

“This is a situation that has to damage your faith in the judicial system," Domenech told the panel. “The truth is that, in this context, I think in Chicago, in the Illinois context, this is kind of a battle between Kim Foxx, who had to recuse herself from her position on this investigation at the State’s Attorney’s office, and the Chicago Police Department.

“I think this was clearly something that internal politics played a role here," he continued. "Keep in mind that 18 people were killed with guns in Chicago during the time this investigation was going on, using up resources that otherwise could have been [brought] to bear on that front.”

Domenech added that Smollett may not be “out of the woods” just yet, pointing to the federal investigation into the threatening letter he reportedly sent to himself.

Walter insisted that no one “should be surprised” that wealthy and well-connected people “get away with things” that poor and non-well-connected people do not.

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Hilton saw a connection between the Smollett case and Special Counsel Robert Mueller's Russia investigation.

“Regardless of the facts here, people are invested in a narrative," Hilton said. "They want to believe what they want to believe. There’s a story they’re telling and they want to stick to it regardless of the facts -- and that has been fueled by some of these details that have leaked out over the period.

“Just as with Trump and Russia, regardless of what you saw in the Mueller report, people still, all day long I think, are going on about the president colluded. And so I think it speaks to the way how people want to believe regardless of the facts.”

Source: Fox News Politics

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Curiosity Captured Two Solar Eclipses on Mars

When NASA’s Curiosity Mars rover landed in 2012, it brought along eclipse glasses. The solar filters on its Mast Camera (Mastcam) allow it to stare directly at the Sun.

Over the past few weeks, Curiosity has been putting them to good use by sending back some spectacular imagery of solar eclipses caused by Phobos and Deimos, Mars’ two moons.

Phobos, which is as wide as 16 miles (26 kilometers) across, was imaged on March 26, 2019 (the 2,359th sol, or Martian day, of Curiosity’s mission); Deimos, which is as wide as 10 miles (16 kilometers) across, was photographed on March 17, 2019 (Sol 2350). Phobos doesn’t completely cover the Sun, so it would be considered an annular eclipse. Because Deimos is so small compared to the disk of the Sun, scientists would say it’s transiting the Sun.

This series of images shows the Martian moon Deimos as it crossed in front of the Sun, as seen by NASA’s Curiosity Mars rover on Sunday, March 17, 2019 (the 2,350th Martian day, or sol, of the mission). Credits: NASA/JPL-Caltech/MSSS

In addition to capturing each moon crossing in front of the Sun, one of Curiosity’s Navigation Cameras (Navcams) observed the shadow of Phobos on March 25, 2019 (Sol 2358). As the moon’s shadow passed over the rover during sunset, it momentarily darkened the light.

Solar eclipses have been seen many times by Curiosity and other rovers in the past. Besides being cool — who doesn’t love an eclipse? — these events also serve a scientific purpose, helping researchers fine-tune their understanding of each moon’s orbit around Mars.

Before the Spirit and Opportunity rovers landed in 2004, there was much higher uncertainty in the orbit of each moon, said Mark Lemmon of Texas A&M University, College Station, a co-investigator with Curiosity’s Mastcam. The first time one of the rovers tried to image Deimos eclipsing the Sun, they found the moon was 25 miles (40 kilometers) away from where they expected.

“More observations over time help pin down the details of each orbit,” Lemmon said. “Those orbits change all the time in response to the gravitational pull of Mars, Jupiter or even each Martian moon pulling on the other.”

This series of images shows the shadow of Phobos as it sweeps over NASA's Curiosity Mars rover
This series of images shows the shadow of Phobos as it sweeps over NASA’s Curiosity Mars rover and darkens the sunlight on Monday, March 25, 2019 (Sol 2358). Credits: NASA/JPL-Caltech

These events also help make Mars relatable, Lemmon said: “Eclipses, sunrises and sunsets and weather phenomena all make Mars real to people, as a world both like and unlike what they see outside, not just a subject in a book.”

To date, there have been eight observations of Deimos eclipsing the Sun from either Spirit, Opportunity or Curiosity; there have been about 40 observations of Phobos. There’s still a margin of uncertainty in the orbits of both Martian moons, but that shrinks with every eclipse that’s viewed from the Red Planet’s surface.



Brian Stelter is famous for complaining too much.

Source: InfoWars

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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