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Dollar bounces, poised for steepest rise in three weeks even as growth slows

FILE PHOTO: An employee counts U.S dollar bills at a money exchange office in central Cairo
FILE PHOTO: An employee counts U.S dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany

March 29, 2019

By Daniel Leussink

TOKYO (Reuters) – The dollar was poised on Friday for its strongest gain in three weeks as investors responded positively to a bounce in U.S. Treasury yields and as some of its rivals were hit by dovish signals from their own central banks.

With many currencies on the defensive, the dollar has weathered a decline in benchmark Treasury yields to a 15-month low. Against a basket of key rival currencies, the U.S. currency was a shade higher at 97.222.

The index was on track for a more than half a percent rise this week, its best in three weeks. It has risen 1.5 percent from a near two-month low of 95.74 brushed on March 20.

The dollar held strong even as data overnight showed the U.S. economy slowed more than initially thought in the fourth quarter of last year.

U.S. gross domestic product increased at a 2.2 percent annualized rate, the Commerce Department said on Thursday, down from the initial estimate of 2.6 percent.

The euro and sterling have fallen this week as yields affecting the currencies have plunged, Daiwa Securities’ senior currency strategist Yukio Ishizuki said.

“It feels like the impact of the decline in yields in those markets was larger,” Ishizuki said.

“Though U.S. yields have dropped, investors seem to have sold currencies from markets about which they have the biggest worries about the state of the economy. That seems to have lifted the dollar,” he added.

The euro was a tad higher at $1.1234 but remained down about 0.6 percent for the week in the wake of the falling yields.

The single currency has also been weighed down by speculation the European Central Bank will introduce a tiered deposit rate, providing a sign that policymakers plan to keep interest rates low for longer.

Sterling licked its wounds on Friday, last trading up 0.2 percent at $1.3068 after sinking more than 1 percent overnight as the prospects for a swift agreement on Brexit faded.

Against the Japanese yen, the dollar edged lower to 110.62 yen.

On Friday, official data showed Japan’s industrial output rose 1.4 percent in February from the previous month, up for the first time in months, though that came after a sharp 3.4 percent slump in January.

The country’s jobless rate fell in the same month to 2.3 percent, underscoring a tight labor market despite tepid wage gains and inflation.

Investors will be focused on signs of progress in U.S.-China trade talks on Friday and will also be watching Federal Reserve policymakers scheduled to speak later in the day.

China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector, Premier Li Keqiang said on Thursday, as senior U.S. officials arrived in Beijing for more trade talks.

Earlier, sources told Reuters that China has made proposals in talks with the United States on a range of issues that go further than it has previously.

The Australian dollar advanced 0.2 percent to $0.7087.

The 10-year U.S. Treasury note yield edged up to 2.396 percent, extending its rise after coming off a 15-month low of 2.340 percent touched overnight.

(Editing by Shri Navaratnam)

Source: OANN

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Germany will set own security standards, Merkel says after U.S. warning on Huawei

German Chancellor Angela Merkel attends a news conference at the Chancellery in Berlin
German Chancellor Angela Merkel attends a news conference at the Chancellery in Berlin, Germany March 12, 2019. REUTERS/Fabrizio Bensch

March 12, 2019

BERLIN (Reuters) – Germany will define its own security standards for a new 5G mobile network, Chancellor Angela Merkel said on Tuesday, when asked about Washington’s warning that it would scale back data-sharing with Berlin if China’s Huawei was allowed to participate.

“Security, particularly when it comes to the expansion of the 5G network, but also elsewhere in the digital area, is a very important concern for the German government, so we are defining our standards for ourselves,” Merkel said. “We will also discuss these questions with our partners in Europe, as well as the appropriate offices in the United States.”

U.S. Ambassador Richard Grenell last week sent a letter to Germany’s Economy Minister Altmaier warning of security concerns linked to Huawei’s role in building critical infrastructure..

(Reporting by Michelle Martin; Writing by Andrea Shalal; Editing by Riham Alkousaa)

Source: OANN

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Women in Hollywood see some gains after Oscars equality plea

FILE PHOTO - 90th Academy Awards - Oscars Backstage - Hollywood
FILE PHOTO - 90th Academy Awards - Oscars Backstage - Hollywood, California, U.S., 04/03/2018 - Frances McDormand poses backstage with her Best Actress Oscar for “Three Billboards Outside Ebbing, Missouri." REUTERS/Mike Blake

February 18, 2019

By Lisa Richwine

LOS ANGELES (Reuters) – A year after best actress winner Frances McDormand used the Oscars stage to advocate for more women in front of and behind the camera, Hollywood is celebrating some progress – but remains far from reaching parity with men.

McDormand urged powerful celebrities to insist on inclusion riders: contractual provisions that require producers to interview female candidates for jobs ranging from gaffer to director.

In the aftermath of McDormand’s speech, one major Hollywood studio, Warner Bros., adopted policies based on the idea, and A-list stars such as Matt Damon and Michael B. Jordan, who also work as producers, committed to pushing for inclusion riders.

“It’s been remarkable,” said Kalpana Kotagal, a civil rights attorney who co-developed the inclusion rider concept, which also is being used to encourage hiring of people of color, as well as gay, disabled and older people. “We are actually seeing it being implemented.”

Kotagal pointed to coming-of-age movie “Hala,” which debuted at the Sundance Film Festival and will be distributed by Apple Inc. Producers adopted inclusion riders and filled many off-screen jobs, including the majority of department head positions, with women.

The publicity around the riders kick-started a nascent effort to pressure filmmakers into boosting female representation.

A study released this month showed some gains. Forty of the top 100 films in 2018 featured a female as a lead character, the highest number since tracking began 12 years earlier, according to University of Southern California’s Annenberg Inclusion Initiative. Those movies included best picture nominees “A Star is Born,” “The Favourite” and “Roma.”

And 28 percent of this year’s Oscar nominees are women, the highest percentage in history.

The industry is taking other steps to promote gender diversity.

The 4 Percent Challenge asks for a commitment to announcing at least one feature film with a female director in the next 18 months. Four percent refers to the pool of women-directed films among the top 1,200 movies of the past 10 years.

“For decades, directors have been viewed as a male job,” said Oscar-nominated “Vice” director Adam McKay.

But he said that attitude is changing, and his production company has made five feature films with female directors.

“I think you are seeing the whole town rally around the idea that there are voices that need to heard,” he said.

More than 120 actors, producers and writers, and seven studios, have signed on to the 4 Percent Challenge. Many studios also have established mentoring programs for women.

Still, “the work is far from done,” Kotagal said.

The industry remains far below the 50/50 parity that advocates are pushing for among on-screen talent, behind-the-scenes workers and studio executives. The number of female cinematographers is particularly low, comprising just 3 percent of last year’s 100 top-grossing films, according to data from San Diego State University.

And none of the major studios aside from AT&T Inc-owned Warner Bros. has committed to using inclusion riders across the board on productions.

Actress Natalie Portman said she had encountered resistance to the idea. “I think a lot of people are making the argument that you’re hiring people for their talent, not their gender,” she told Hollywood website Deadline in December.

A common refrain across the movie business is that decades of inequality make it hard to find qualified women to fill positions.

Betsy West, co-director of Oscar-nominated documentary “RBG” about Supreme Court Justice Ruth Bader Ginsburg, rejected that argument. Key jobs on “RBG,” including editor, producer and cinematographer, were performed by women.

“People say ‘How did you find the people?'” West said. “It wasn’t that hard. They are out there, and you just have to look.”

(Reporting by Lisa Richwine; Additional reporting by Omar Younis; Editing by Jonathan Oatis)

Source: OANN

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France repatriates small children from camps in Syria

France says it has brought back several small children held in camps in Syria, as governments debate what do with the Islamic State group's foreign fighters and their families.

The French Foreign Ministry said in a statement that the French children were brought back Friday from camps in northeastern Syria. The children are all 5 or younger, and some are orphans.

The statement said the Western-backed Syrian Democratic Forces made the handover possible, without elaborating. The SDF is working to defeat IS in its last bastion in Syria.

The ministry said the children will get medical and psychological treatment, and stressed that French adults who fought with IS should be prosecuted in the country where they committed crimes.

French jihadis made up the largest contingent of European recruits to IS.

Source: Fox News World

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UN rights agency condemns combat in Myanmar’s Rakhine state

The main United Nations human rights agency has expressed concern about an upsurge in fighting between Myanmar's army and guerrillas of the Rakhine minority's Arakan Army, especially attacks on civilians by both sides.

A spokeswoman for the U.N. High Commissioner for Human Rights said Friday in Geneva that the agency had "credible reports of the killing of civilians, burning of houses, arbitrary arrests, abductions, indiscriminate fire in civilian areas, and damage to cultural property."

The spokeswoman, Ravina Shamdasani, said recent fighting in Rakhine state has led to the displacement of more than 20,000 civilians. Rakhine is best known as the site of a brutal counterinsurgency campaign by the military against the Muslim Rohingya minority which caused more than 700,000 to flee to neighboring Bangladesh.

Source: Fox News World

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House Speaker Pelosi: Democrats’ views vary on action post-Mueller report

FILE PHOTO: Speaker of the House Nancy Pelosi (D-CA) stands during a meeting with European Parliament President Antonio Tajani on Capitol Hill in Washington
FILE PHOTO: Speaker of the House Nancy Pelosi (D-CA) stands during a meeting with European Parliament President Antonio Tajani on Capitol Hill in Washington, U.S., February 27, 2019. REUTERS/Joshua Roberts/File Photo

April 22, 2019

WASHINGTON (Reuters) – U.S. House Democrats’ views vary on how to proceed after last week’s release of a redacted version of Special Counsel Robert Mueller’s Russia probe, House Speaker Nancy Pelosi said on Monday.

In a letter to fellow Democratic lawmakers, Pelosi said it is “important to know that the facts regarding holding the president accountable can be gained outside of impeachment hearings.” She added that President Donald Trump engaged in highly unethical and unscrupulous behavior “whether currently indictable or not”.

(Reporting by Susan Cornwell; Editing by Chizu Nomiyama)

Source: OANN

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Is Beijing Losing Its Footing In South China Sea?

The United States military launched nuclear-capable B-52H Stratofortress bombers over the heavily disputed South China Sea last week, where they “conducted routine training.”

In these contested waters, the Chinese government has claimed ownership over reserves containing trillions of dollars worth of oil and gas.

The South China Sea is one of the most heavily trafficked maritime routes in the entire world. However, the conditions that make it so valuable–its location on the coasts of a considerable number of Asian countries–have also led to major regional tensions over ownership. Vast, overlapping swaths of this valuable body of water are currently being claimed by Brunei, China, Malaysia, Indonesia, the Philippines, Taiwan and Vietnam. China, which has staked the largest claims to the South China Sea and has been the most aggressive in its position with an ever-expanding military presence on the waters, has stirred up a large amount of political discontent in the region.

While China has been bolstering its military presence in and around the South China Sea, its positioning doesn’t come close to competing with the vast military presence of the United States in the Asia-Pacific region, where the Pentagon already holds an estimated and unrivalled 279 bases. The U.S. hasn’t been keeping idly by, either. This latest B-52 flyover is just one more military exercise of many, all of which are in open defiance of Chinese policy and warnings to the international community.

In a statement to the Hong Kong-based South China Morning Post, a spokesperson for the Pacific Air Force said that “two B-52H Stratofortress bombers took off from Andersen Air Force Base, Guam, and conducted routine training in the vicinity of the South China Sea on March 13, before returning to base.” In the same statement the spokesperson added that the launch was nothing out of the ordinary and that, “U.S. aircraft regularly operate in the South China Sea in support of allies, partners and a free and open Indo-Pacific.” Concurrently with the flyover of the B-52s on Wednesday, the Seventh Fleet flagship USS Blue Ridge amphibious command ship sailed directly through the South China Sea’s contested waters before anchoring in the Philippines.

This display of U.S. military might came just one day after Secretary of State Mike Pompeo decried Beijing for what he said was “illegal island-building in international waterways” with the purpose of cutting off rival claimants to the South China Sea “from accessing more than $2.5 trillion in recoverable energy reserves.” In response to these comments, Chinese Foreign Ministry spokesperson Lu Kang shot back on Wednesday that “it serves the interests of regional countries that those countries can manage and handle differences in their own way, and jointly uphold regional peace, stability, development and prosperity,” adding an additional jab that “Meanwhile, some non-regional country has repeatedly stirred up troubles in an attempt to ruin the harmony. Such attempts are irresponsible to regional countries.”

The military exercise came also just about a week after a separate pair of U.S. B-52s flew over South China Sea islands claimed by China as a part of the COPE North 2019 exercise. COPEis a “long-standing exercise…designed to enhance multilateral air operations among the U.S. Air Force, U.S. Navy, U.S. Marine Corps, Koku Jieitai (Japan Air Self-Defense Force) and Royal Australian air force (RAAF).”

When it comes to the South China Sea, the one thing that the U.S. and the Chinese definitely agree upon is its massive geopolitical value. According to a February 2013 report by the U.S. Environmental Information Agency, “the South China Sea contains approximately 11 billion barrels of oil and 190 trillion cubic feet of natural gas in proved and probable reserves.” Meanwhile, according to the same 2013 report, the official Chinese National Offshore Oil Company “estimated the area holds around 125 billion barrels of oil and 500 trillion cubic feet of natural gas in undiscovered resources.”

With these numbers, it’s safe to say that the South China Sea won’t be fading from the headlines any time soon.



People have been trying to label Alex Jones’ political leanings for decades, but he has been one of America’s leading critics of both Presidents Bush and Obama.

Source: InfoWars

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Senior White House adviser Jared Kushner said Tuesday that a detailed plan for a merit-based immigration system will be presented to President Trump, giving priority to skilled immigrants rather than those with family ties to the U.S.

“I do believe that the president’s position on immigration has been maybe defined by his opponents by what he’s against as opposed to what he’s for,” Kushner said at the Time 100 Summit in New York City. “What I’ve done is I’ve tried to put together a very detailed proposal for him.”

KUSHNER: RUSSIA INVESTIGATION HAD ‘HARSHER IMPACT’ ON US THAN ELECTION MEDDLING

Kushner announced that the new immigration proposal, which Trump will receive this week or next, will resemble the point-based systems in Canada, Australia and New Zealand, and will unify people by ensuring strong wages and secure borders while protecting humanitarian values.

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term,” he said. “And my hope is we can really do something that unifies people around what we’re for on immigration.”

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term. And my hope is we can really do something that unifies people around what we’re for on immigration.”

— Jared Kushner

JARED KUSHNER RESPONDS AFTER HASAN MINHAJ CALLS OUT HIS TIES TO SAUDI PRINCE

Kushner denied in the same talk that he has clashed with White House staffer Stephen Miller, who’s seen as tougher on immigration than others, adding that the plan was concocted with the help of Miller and Kevin Hassett, chairman of the Council of Economic Advisers.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison,” Kushner joked, referring to the Israel-Palestine peace plan he’s working on.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison.”

— Jared Kushner

After the plan gets presented to Trump, it will likely undergo some changes and then he will decide when to proceed with it, Kushner said.

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“It’s very, very complicated, but it’s a very interesting issue, and if we can solve it, I do think it’s a critical component for America’s long-term competitive advantage,” he added.

The Associated Press contributed to this report.

Source: Fox News Politics

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Brazilian President Jair Bolsonaro on Thursday said his government must make men aware of the dangers of poor hygiene after expressing dismay over the 1,000 penis amputations that apparently occur in his country each year.

“In Brazil, we have 1,000 penis amputations a year due to a lack of water and soap,” he said while speaking to reporters in Brasilia after visiting the Education Ministry. “We have to find a way to get out of the bottom of this hole.”

The far-right leader called the figure “ridiculous and sad,” Reuters reported. A spokeswoman for the Brazilian urology society told the news agency the number is based on its official data for penis amputations.

CLICK HERE TO GET THE FOX NEWS APP

The amputations were conducted out of necessity over untreated infections, along with complications from HIV and various cancers, she said.

Source: Fox News World

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A top Russian diplomat says Russia is willing to negotiate a new nuclear weapons treaty with the United States and China.

Deputy Foreign Minister Sergei Ryabkov told reporters on Friday Moscow is closely following reports in the United States that the U.S. would like to reach a nuclear weapons deal with both Russia and China, and is “willing” to negotiate. The story was reported by CNN earlier Friday.

Ryabkov also said that Russia “would like to convince” the U.S. to adopt a joint statement that would condemn any use of nuclear weapons.

Ryabkov’s comments come just months after the U.S. withdrew from the Intermediate-Range Nuclear Forces Treaty, a cornerstone of the post-Cold War security, and Russia followed suit. Each claims breaches by the other.

Source: Fox News National

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Government dysfunction and an intelligence failure that preceded the Easter Sunday bombings in Sri Lanka are traced to simmering divisions between the president and prime minister after a weekslong political crisis that crippled the country last year.

The government has admitted to a “lapse of intelligence” after officials failed to act upon near-specific information received from foreign agencies. Suicide bombers exploded themselves last Sunday in three churches and three luxury hotels, killing 253 people and wounding 400 more. Authorities said eight Muslim militants blew themselves up at their targets while the wife of one of the attackers blasted herself on being rounded up by police.

The carnage has brought forth arguments that worshippers and holidaymakers fell victim to the rivalry and a lack of communication between the country’s two leaders — President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

The Cabinet led by Wickremesinghe says neither he nor his ministers were informed of the intelligence received by the defense authorities. Sirisena is the head of state, defense minister, minister in charge of the police and head of the armed forces. He also chairs the National Security Council, which includes the heads of security agencies and departments. Traditionally the prime minister also plays an important role on the council.

According to Health Minister Rajitha Senaratne, Sirisena has not included Wickremesinghe in national security affairs since a dispute between them came into the open in October last year. This is an unusual departure from the protocol, he said.

Senaratne said that Sirisena was overseas when the attacks took place and even after that, the National Security Council refused to meet with Wickremesinghe as he tried to give them instructions.

Sirisena has also said that he was not informed of the intelligence received and vowed to overhaul the leadership of the defense forces.

The top bureaucrat at the Defense Ministry, Hemasiri Fernando, has resigned at Sirisena’s insistence.

“It is a major factor,” said Jehan Perera, the head of local activist group National Peace Council, referring to the alleged lack of coordination between the leaders contributing to the failure to prevent the attacks.

“The primary responsibility has to be taken by the president, he did not give the information and he did not act,” Perera said. “He had the Ministry of Defense, took the police from the prime minister, chaired the National Security Council meetings and did nothing,” Perera said.

Kusal Perera, a journalist and political commentator, says security and intelligence officials should have acted on the information whether or not they received orders from politicians.

“If they (Wickremesinghe and his party) were not invited to the National Security Council, why did not they say in Parliament that they were not responsible for the security of the country any longer,” said Perera, who is not related to Jehan Perera.

“Saying that now is taking political advantage, not taking responsibility,” he said.

Sirisena and Wickremesinghe belong to different political parties but came together for Sirisena’s presidential campaign in 2015. Their relationships broke down and their differences exploded last year when Sirisena suddenly sacked Wickremesinghe as prime minister and appointed in his place former strongman Mahinda Rajapaksa, whom he defeated in the presidential election. The crisis crippled the country for more than seven weeks to the point of not being able to pass this year’s national budget on time.

A court decision compelled Sirisena to reappoint Wickremesinghe, but the two leaders have been rivals within the same government.

Rajapaksa, who is the minority leader in Parliament, blames the government for weakening intelligence and dropping its guard, which he had maintained to defeat the separatist Tamil Tiger rebels 10 years ago to end the 26-year-old civil war. He also criticized the government for the detention of intelligence officers accused of extrajudicial killings and abductions during the closing days of the war, which he said crippled the security apparatus before the bombings. According to conservative U.N estimates, some 100,000 people were killed in Sri Lanka’s conflict.

Sirisena summoned an all-party conference Thursday to which Wickremesinghe was also invited. At the conference, Sirisena stressed “setting aside all the political beliefs and difference (so that) everybody should collectively commit towards building a peaceful environment within the country,” a statement from his office said.

“It is not a secret that the disagreements between me and the government aggravated over the past two years,” Sirisena told the country’s media executives Friday. “One of the reasons for that is weakening of military intelligence and arresting military officials unnecessarily and my speaking up against it within and outside the government.”

Jehan Perera said that the security threat could prove politically advantageous to Rajapaksa and his family, with a presidential election scheduled at the end of this year. Gotabhaya Rajapaksa, a younger brother of Mahinda, was the powerful defense secretary during his brother’s reign and has expressed his interest to join the contest.

“People are saying we want a stronger leader and they are talking about Gotabhaya. It (the blasts) has worked to their benefit,” Perera said.

Source: Fox News World

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Cyprus police are intensifying a search for the remains of more victims at locations where an army officer, who authorities say admitted to killing five women and two girls, allegedly had dumped their bodies.

Police said Friday’s search will concentrate on a military firing range, a reservoir and a man-made lake near an abandoned mine approximately 32 kilometers (20 miles) west of the capital Nicosia.

On Thursday, the 35-year-old suspect told investigators that he had killed four more people than he had previously admitted to. All the suspect’s alleged victims are foreign nationals.

Police have already found the bodies of a 38-year-old Filipino woman and two as yet unidentified women.

Search crews are now looking for the daughter of the 38-year-old, a Romanian mother and daughter and another Filipino woman.

Source: Fox News World

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