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Thomson Reuters posts 9 percent rise in quarterly revenue

FILE PHOTO: CEO Jim Smith speaks during the Thomson Reuters annual general meeting for shareholders in Toronto
FILE PHOTO: Thomson Reuters CEO Jim Smith speaks during the Thomson Reuters Corp. annual general meeting for shareholders in Toronto, Ontario, Canada, May 3, 2017. REUTERS/Mark Blinch/File Photo

February 26, 2019

TORONTO (Reuters) – Thomson Reuters on Tuesday reported a 9 percent rise in quarterly revenue, stripping out the impact of currency, helped by higher sales at its Legal and Tax & Accounting businesses.

The news and information provider reported fourth-quarter revenue of $1.52 billion, compared with $1.41 billion a year ago. Earnings excluding special items were 20 cents per share, down from 22 cents per share a year ago.

(Reporting by Matt Scuffham; Editing by Nick Zieminski)

Source: OANN

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Exclusive: SpaceX, Boeing design risks threaten new delays for U.S. space program

A long zip line provides a fast escape route for astronauts and crew in case of an emergency at Launch Complex 41 in Cape Canaveral
A long zip line provides a fast escape route for astronauts and crew in case of an emergency at Launch Complex 41 in Cape Canaveral, Florida, U.S., January 15, 2019. REUTERS/Eric M. Johnson

February 21, 2019

By Eric M. Johnson

SEATTLE (Reuters) – NASA has warned SpaceX and Boeing Co of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year.

NASA is paying SpaceX $2.6 billion and Boeing $4.2 billion to build rocket and capsule launch systems to return astronauts to the International Space Station from U.S. soil for the first time since America’s Space Shuttle program went dark in 2011.

Just ahead of the first scheduled un-manned test flight slated for March 2 under NASA’s multibillion-dollar Commercial Crew Program, NASA’s safety advisory panel cited four “key risk items” in its 2018 annual report earlier this month.

For Boeing, they include the capsule’s structural vulnerability when the heat shield is deployed. For SpaceX, the report mentioned the redesign of a SpaceX rocket canister following a 2016 explosion and its “load and go” process of fueling the rocket with the crew already inside the capsule. “Parachute performance” remained an issue for both companies.

“There are serious challenges to the current launch schedules for both SpaceX and Boeing,” the report said.

For an interactive version of this story, click https://tmsnrt.rs/2V6pXyN

Two people with direct knowledge of the program told Reuters that the space agency’s concerns go beyond the four items listed, and include a risk ledger that as of early February contained 30 to 35 lingering technical concerns each for SpaceX and Boeing. Reuters could not verify what all of the nearly three dozen items are. But the sources familiar with the matter said the companies must address “most” of those concerns before flying astronauts and, eventually, tourists to space.

The NASA risk database is updated routinely during the course of NASA’s stringent certification process, which includes data collection, tests and collaboration with SpaceX and Boeing, the people said. The Boeing and SpaceX systems have already been delayed several times in recent years, which is common in this sector given the complexity of building multibillion-dollar spacecraft capable of shedding earth’s gravity.

NASA spokesman Joshua Finch deferred all technical questions on Boeing and SpaceX systems to the companies, citing confidentiality, but said: “Flying safely always takes precedence over schedule.”

Boeing spokesman Josh Barrett said the company “closed out” the capsule’s structural vulnerability risk when it completed its structural test program in January. While Boeing is working through a number of other issues, they “are not driving any major architectural system changes.”

“Our numbers show we are exceeding NASA’s safety requirements,” said Barrett.

SpaceX spokesman James Gleeson said the company, working with NASA, has developed “one of the safest, most-advanced human spaceflight systems ever built.”

“There is nothing more important to SpaceX than safely flying crew,” said Gleeson, calling it “core to our company’s long-term goal of enabling access for people who dream of flying to space.”

Founded by Tesla Inc Chief Executive Elon Musk, SpaceX has cut the cost of rocket launches with its pioneering reusable rocket technology, while Boeing traces its space business back to the first U.S. human space missions of the 1960s and is also the world’s largest planemaker.

The clock is ticking. The U.S. has been paying Russia about $80 million per ticket for a ride to the International Space Station, a $100 billion orbital research laboratory that flies about 250 miles (402 km) above Earth.

There are no seats available for U.S. crew on the Russia spacecraft after 2019 given production schedules and other factors. NASA said last week it was considering paying for two more seats to the space station for this fall and spring 2020 to ensure U.S. access.

The NASA plan for extra seats came a week after its safety panel said Congress should come up with a “mitigation plan” in case delays threaten U.S. access to the space station – echoing earlier concerns from the U.S. Government Accountability Office.

NASA is set to conduct a flight readiness review on Friday for SpaceX’s mission without a crew on March 2. NASA will decide whether to approve the test flight without a crew, while SpaceX addresses the issues raised for a human mission.

PARACHUTE WEAKNESSES

Three people familiar with the project say the U.S. space agency has identified some design discrepancies between earlier SpaceX capsules designed to haul cargo to the International Space Station, and a newer version designed to carry humans.

Some of the risks – such as those identified in the designs of the enormous parachutes that deploy when the capsule plummets back to Earth at supersonic speeds – are uncommon given how close SpaceX is to test flights, two of the people said.

The timing of deployment of the SpaceX parachutes and the interaction of the parachutes themselves have raised concerns about parachute performance, and potentially whether they will be able to slow down the capsule enough to ensure the crew’s safety, two people said.

SpaceX has completed 17 parachute tests for the Commercial Crew Program so far, with an additional 10 tests planned prior to Crew Dragon’s second demonstration mission, Gleeson said. He also said its parachute systems are designed with redundancy so the vehicle can still safely splashdown in the event that one parachute fails.

NASA’s safety panel said in its report that SpaceX may be required to re-design its parachute system. A re-design would likely trigger more testing and potentially weeks or months of extra delays, two of the people said.

NASA also found design problems with the system that helps orient SpaceX’s capsule in an upright position once it lands in the ocean, raising the risk of taking on excessive amounts of water, according to two industry sources and confirmed by a NASA official.

SpaceX’s Gleeson said Crew Dragon’s outer shell is water-resistant, and the spacecraft itself is buoyant and does not pose a risk to crew members after splashdown.

RISK OF MORE DELAYS

NASA announced earlier this month that SpaceX was now targeting March 2 instead of Feb. 23 for its un-crewed Crew Dragon test flight, with its astronaut flight planned for July. NASA explained the delay by citing vague concerns for both contractors, such as the need to complete hardware testing and other work.

NASA said Boeing’s un-crewed Starliner would fly “no earlier” than April, with the crewed mission currently slated for August. This is the schedule now at risk, according to the NASA report.

The challenges in front of Boeing include last year’s failure during a test of its launch-abort engines, which spilled caustic fuel on the test stand, Boeing’s Barrett said. The accident was caused by faulty valves which Boeing has re-designed and re-ordered from the supplier, though the new valves must be re-tested, Barrett said.

The test flights are also part of collecting the data needed to close out some risk items, NASA said.

“SpaceX and Boeing both have challenges, both comparable, from a safety perspective,” said one U.S. government source.

(Reporting by Eric M. Johnson in Seattle; Additional reporting by Tracy Rucinski in Washington and Joey Roulette in Orlando, Florida; Editing by Edward Tobin)

Source: OANN

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Bombing at open-air market in southwest Pakistan kills 7

Pakistani police say a powerful bomb has exploded at an open-air market in the southwestern city of Quetta, killing at least seven people and wounding 20 others.

Police chief Abdur Razzaq Cheema says Friday's bombing took place near a residential area where minority Shiite Muslims live.

He says authorities are transporting the dead and wounded to hospitals.

No group has immediately claimed responsibility for the attack but outlawed Sunni extremist groups have claimed similar attacks in the past. Sunni extremists view Shiites as apostates deserving of death.

Quetta is the capital of Baluchistan province, which also is the scene of a low-level insurgency by separatists demanding more autonomy and a greater share in the region's natural resources such as gas and oil.

Source: Fox News World

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Mueller investigated Sessions for perjury, found ‘insufficient’ evidence

Special Counsel Robert Mueller’s office investigated former Attorney General Jeff Sessions for possible perjury, but it found evidence was “insufficient” to prove that he was “willfully untruthful” in his answers.

Mueller’s report, a redacted version of which was released Thursday, said that it looked into Sessions’ interactions during the campaign with Russian Ambassador Sergey Kislyak. Kislyak and Sessions met during the Republican National Convention in July 2016 and in his Senate office in September.

TRUMP RAILS AGAINST ASSOCIATES WHO SPOKE TO MUELLER, CALLS CLAIMS 'TOTAL BULL---T'

“The office considered whether, in light of these interactions, Sessions committed perjury before, or made false statements to, Congress in connection with his confirmation,” the report said.

Sessions said in his Senate confirmation hearing in January 2017 that he “did not have communications with the Russians” in response to a question about Trump campaign communications with the Russian government.

He also followed up with written responses, answering “no” to a question that asked whether he had “been in contact with anyone connected to any part of the Russian government about the 2016 election, either before or after election day.”

In a March 2017 follow-up, after his interactions with Kislyak were reported by the media, Sessions said he did "not recall any discussions with the Russian Ambassador, or any other representatives of the Russian government, regarding the political campaign on these occasions or any other occasion."

The report says the investigation established that Sessions interacted with Kislyak and that the Russian mentioned the presidential campaign “on at least one occasion” but that “the evidence is not sufficient to prove that Sessions gave knowingly false answers to Russia-related questions in light of the wording and context of those questions.”

Mueller’s team says that the evidence “makes it plausible” that Sessions didn’t recall discussing the campaign with Kislyak, and his answer in his confirmation hearing was in response to a question about a an alleged continued exchange of information between the campaign and the Russian government.

“Sessions later explained to the Senate and to the Office that he understood the question as narrowly calling for disclosure of interactions with Russians that involved the exchange of campaign information, as distinguished from more routine contacts with Russian nationals,” the report says. “Given the context in which the question was asked, that understanding is plausible.”

NEWT GINGRICH: CAUGHT UP IN THE MUELLER MEDIA MADNESS

As a result, Mueller's office concluded that “the evidence was insufficient to prove that Sessions was willfully untruthful in his answers and thus insufficient to obtain or sustain a conviction for perjury or false statements.”

Sessions’ personal lawyer said in March last year that Sessions was not not the subject of a federal criminal investigation for alleged perjury.

ABC News reported that former FBI Deputy Director Andrew McCabe had overseen an investigation into whether Sessions "lacked candor" when he testified before Congress about contacts with Russian operatives during the 2016 presidential campaign.

"The Special Counsel‘s Office has informed me that after interviewing the Attorney General and conducting additional investigation, the Attorney General is not under investigation for false statements or perjury in his confirmation hearing testimony and related written submissions to Congress," attorney Chuck Cooper said in a statement.

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Sessions announced in 2017 that he would recuse himself from overseeing any FBI probe into alleged ties between the Trump campaign and Russian officials -- placing Deputy Attorney General Rod Rosenstein in charge of overseeing the probe.

Sessions resigned in November 2018 and was subsequently replaced by current Attorney General William Barr.

Fox News’ Jake Gibson contributed to this report.

Source: Fox News Politics

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Long-outlawed US trade policy wins WTO approval in Canada lumber dispute

FILE PHOTO: The World Trade Organization (WTO) headquarters are pictured in Geneva
FILE PHOTO: The World Trade Organization (WTO) headquarters are pictured in Geneva, Switzerland, July 26, 2018. REUTERS/Denis Balibouse/File Photo

April 9, 2019

By Tom Miles

GENEVA (Reuters) – A World Trade Organization ruling approved a long-outlawed U.S. trade policy on Tuesday, when a panel of adjudicators said Washington’s use of “zeroing” to calculate anti-dumping tariffs was permissible in the case of Canadian softwood lumber.

The WTO’s long-running row over zeroing is a technical dispute that turned into a power struggle between the United States and the arbiters of international trade law.

The United States has suffered a string of defeats at the WTO over zeroing, a calculation method that was ruled to have unfairly increased the level of U.S. anti-dumping duties.

The repeated losses helped to fuel U.S. President Donald Trump’s campaign to reform the WTO, where the United States is blocking appointments at the WTO’s Appellate Body, effectively the supreme court of world trade.

Trump said last year the United States could withdraw from the WTO if “they don’t shape up”.

U.S. Trade Representative Robert Lighthizer welcomed the ruling by a WTO dispute panel, which he said showed the “erroneous”, “unpersuasive” and “flawed reasoning” of Appellate Body rulings in the past.

“The United States commends this panel for doing its own interpretive analysis, and for having the courage to stand up to the undue pressure that the Appellate Body has been putting on panels for many years,” Lighthizer said in a statement.

He said the WTO rules did not prohibit zeroing, and the United States would never have signed up to WTO rules that did prohibit the practice.

“WTO Appellate Body reports to the contrary are wrong, and reflect over-reaching by that body,” he said.

Canada launched the WTO dispute in November 2017, saying it would forcefully defend its lumber industry against “unfair, unwarranted and deeply troubling” U.S. tariffs.

The U.S. Commerce Department had accused Canada of unfairly subsidizing and dumping softwood lumber, which is commonly used in the construction of homes. Its duties affected about $5.66 billion worth of imports.

There was no immediate reaction from Canada’s international trade ministry, which could appeal against the ruling.

(Reporting by Tom Miles; Editing by Stephanie Nebehay and Mark Potter)

Source: OANN

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India, Pakistan officials meet to discuss border opening

Indian and Pakistani officials are meeting amid easing of tensions to discuss opening a visa-free border crossing to allow pilgrims to easily visit a Sikh shrine close to the border with Pakistan.

India's External Affairs Ministry spokesman Raveesh Kumar says the talks have started after a Pakistani delegation crossed over to the Indian side on Thursday. Foreign Ministry spokesman Mohammad Faisal is heading the Pakistani delegation.

Tensions flared last month after a suicide attack killed 40 Indian paramilitary soldiers in the Indian-controlled portion of Kashmir. The Indian air force launched an airstrike inside Pakistan, saying it was targeting militants it blamed for the bombing.

Pakistan retaliated and said it shot down two Indian air force planes. One pilot was captured and later released. Tensions have eased since.

Source: Fox News World

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Trump administration calls for putting Americans back on moon by 2024

FILE PHOTO - Mike Pence speaks at AIPAC in Washington
FILE PHOTO - An attendee watches a video showing U.S. Vice President Mike Pence as he speaks at AIPAC in Washington, U.S., March 25, 2019. REUTERS/Kevin Lamarque

March 26, 2019

(Reuters) – U.S. Vice President Mike Pence, speaking on behalf of the Trump administration, announced on Tuesday an accelerated goal of putting Americans back on the moon within five years “by any means necessary,” a challenge accepted by NASA’s top official.

Pence, chairing a meeting of the administration’s National Space Council in Huntsville, Alabama, declared, “We’re in a space race today, just as we were in the 1960s.”

NASA had previously been aiming to return astronauts to the lunar surface by the year 2028.

(Reporting by Joey Roulette; Writing by Steve Gorman; Editing by Sandra Maler)

Source: OANN

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Hundreds of Cuban migrants are reported to be on the run Friday in Mexico after a crowd of more than 1,000 burst out of a troubled immigration detention center on its southern border.

Mexico’s National Immigration Institute said the mass escape Thursday in Tapachula – which the Associated Press called the largest in recent memory — involved around 1,300 Cuban migrants, although 700 of them have since returned voluntarily.

The migrants reportedly streamed out of the compound without any resistance, as the institute said its agents weren’t armed and “there was no confrontation.”

Federal police with riot shields later rushed in to control the situation, as a crowd of angry Cubans whose relatives were being held at the facility gathered outside. The Cubans claimed their relatives reported overcrowding and unsanitary conditions at the facility.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout.

A Federal Police officer stands guard outside an immigration detention center in Tapachula, Chiapas state, Mexico, late Thursday, following a breakout. (AP)

BORDER PATROL UNION CHIEF BLASTS CONGRESS OVER MIGRANT CARAVANS: ‘WHAT ARE YOU DOING ABOUT IT’?

“My wife and child have been in there for 27 days in bad conditions,” said Usmoni Velazquez Vallejo, as he waited outside for news. “There is overcrowding, insufficient food and there isn’t even medicine for them.”

Another Cuban detainee told the AFP: “We have many there… we are very tight, we sleep on the floor.”

It’s the third time since October that migrants at the facility staged an uprising, according to the news agency.

The center’s holding capacity is officially listed at less than 1,000 people, but the escape of 1,300 meant it was probably at least at double its capacity, since not everyone being held there escaped. Residents in the area said that sometimes the facility has held as many as 3,000 people, and a Mexican newspaper cited by Reuters said Haitians and Central Americans also are among the large group who still have not been tracked down.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday.

Migrants wait for their transfer from an immigration detention center in Tapachula, Chiapas state, Mexico, on Thursday. (AP)

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Earlier in the day, Mexico’s top human rights official toured the facility.

Elsewhere in the country, a new caravan estimated to contain up to 10,000 migrants is making its way to the U.S.-Mexico border.

The Associated Press contributed to this report.

Source: Fox News World

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Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

April 26, 2019

(Reuters) – Exxon Mobil Corp on Friday reported first-quarter profit fell sharply on lower oil and gas prices and weakness in its refining and chemicals businesses that offset modest production gains.

The largest U.S. oil producer’s first quarter earnings fell to $2.35 billion, or 55 cents a share, from $4.65 billion, or $1.09 a share, a year ago.

Analysts had expected Exxon to earn 70 cents per share, according to Refinitiv Eikon estimates.

Shares were trading down about 2.7 percent in premarket trading on Friday.

Exxon’s oil equivalent production rose 2 percent to 4 million barrels per day, up from 3.9 million bpd in the same period the year prior. The company said its output in the Permian Basin, the largest U.S. shale basin, rose 140 percent over a year ago.

(Reporting by Jennifer Hiller; Editing by Chizu Nomiyama)

Source: OANN

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The Washington Post’s media critic went into meltdown after White House Press Secretary Sarah Sanders held a mock press briefing for the children of White House journalists and employees on Take Your Daughters and Sons to Work Day.

Erik Wemple, the newspaper’s chief media critic, slammed Sanders and the White House for organizing a fun day on Thursday for junior would-be journalists, while not holding an actual press conference for the record number of days.

WHITE HOUSE STAFF TO SKIP CORRESPONDENTS’ DINNER AFTER LAST YEAR’S CONTROVERSY

Wemple wrote that Sanders gave to children an important lesson of “the centrality of nonaccountability mechanisms in the affairs of state” after she announced that the mock press briefing was “off the record.”

“When the children head home tonight, perhaps they can pull up archival footage to see how their questions stack up against ye olde press briefings,” he added.

“Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

— Erik Wemple

“Tuesday, after all, marked a record for number of days without a White House press briefing. Accordingly, Sanders was doing more than just providing a fun interlude for the kids; she was headlining a reenactment, anchoring a bona fide historical site.”

While some correspondents praised the White House for doing “a lot of work to welcome the children and provide “them an excellent experience,” other journalists echoed Wemple’s criticism and pointed out that Sanders hasn’t held a press briefing in over 40 days.

“Kids of WH Press Corps members are getting ready for a briefing with  @PressSec. Their parents have not had one in 45 days,” tweeted CBS News’ White House Correspondent Weijia Jiang.

REPORTER SHOUTS AT SARAH SANDERS AFTER BRIEFING: ‘DO YOUR JOB, SARAH!’

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time,” another correspondent quoted by the Post said.

“The irony of it is that they’re pretending that the White House press briefing is a thing, and they’re pretending that this is how the White House operates, but this is not at all how the White House operates … It’s a relic of an earlier time.”

— a White HOuse Correspondent

The Post struck a different tune in a column earlier this year, which declared that despite the administration’s criticism of the media, President Trump was “extremely accessible.”

Wemple quoted Martha Joynt Kumar, director of the White House Transition Project, who said that Trump held 338 “short question-and-answer” sessions over his time in office, significantly more than 75 such sessions by former President Barack Obama during his first full two years in office.

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In terms of total instances of access to the media, which include interviews, short sessions, and news conferences, Trump was accessible least 577 times in his first two years in office.

Source: Fox News Politics

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The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown.

The advance in the gross domestic product, the broadest measure of economic health, marks an acceleration from a 2.2% gain in the previous October-December period. However, about half the gain reflected two factors not expected to last — a big jump stockpiling by businesses and a sharp contraction in the trade deficit.

Still, the GDP gain surpassed the 3% bar set by President Donald Trump as evidence his economic program is working. Trump is counting on a strong economy as he campaigns for re-election.

Source: Fox News National

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A Baha’i advocacy group has expressed concerns over the fate of minority Baha’is at the hands of Yemen’s Houthi rebels ahead of the appeals hearing for one of the community leaders sentenced to death.

The Baha’i International Community said in a statement Friday that the hearing for Hamed bin Haydara, detained in 2013 and sentenced to death last year on espionage and apostasy charges, is due on Tuesday.

The statement quotes Bani Dugal, the Baha’i community representative at the United Nations, as saying the prosecution hasn’t addressed Haydara’s appeal but is instead making “absurd, wide-ranging accusations.”

International rights groups have decried the prosecution of Yemeni Baha’is by the Iran-backed Houthis.

Iran has banned the Baha’i religion, which was founded in 1844 by a Persian nobleman considered a prophet by followers.

Source: Fox News World

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