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Deputies: Dad shoots man who stole car with boy, 6, inside

Sheriff's investigators say a Florida father chased down and shot a man who stole his car with his 6-year-old son inside.

Palm Beach County Sheriff's officials say 29-year-old Lamar Thurman remains in critical condition following the shooting early Saturday.

News outlets report the father left his 2012 Honda running while saying goodbye to friends around 2:30 a.m. Saturday. That's when Thurman jumped in and took off.

The father and his friends called 911 and took off after the vehicle. Sheriff's officials say they followed Thurman for five miles, where he crashed the car. As they went to grab the boy from the car, Thurman drove way. The father pulled out a gun and started shooting. The boy wasn't injured.

Thurman is on probation for carjacking an 86-year-old woman in 2016.

Source: Fox News National

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Australia’s AMP scraps short-term bonuses to avert possible board spill

FILE PHOTO: The logo of AMP adorns the head office of Australia's biggest retail wealth manager in Sydney
FILE PHOTO: The logo of AMP adorns the head office of Australia's biggest retail wealth manager in Sydney, Australia, May 5, 2017. REUTERS/David Gray/File Photo

March 20, 2019

By Paulina Duran

SYDNEY (Reuters) – Australia’s AMP Ltd <AMP.AX> on Wednesday said it will not pay short-term bonuses to most executives, a move that could help it avoid possible board removal should investors vote against its remuneration practices for the second consecutive year.

The country’s largest listed wealth manager has been embroiled in accusations of deception at a government-mandated inquiry into misconduct in the financial sector. The business subsequently lost its chairman and chief executive officer and haemorrhaged billions of dollars in funds.

“The board understands that many of our shareholders are disappointed with AMP’s business and financial performance in 2018,” Chairman David Murray said in the wealth manager’s annual report published on Wednesday.

“Reflecting the circumstances of last year, the board decided to award zero short-term incentives for AMP’s group leadership team in 2018,” excluding unit AMP Capital, which was not directly connected to any accusations raised in the inquiry.

The deferred part of bonuses for a number of former executives will also be forfeit, Murray said.

AMP believed shareholders had voted against pay plans last year in response to “wider issues” in the business as well as concerns about its remuneration framework, which was now being re-designed, Murray said.

Under Australian corporate rules, if more than a quarter of shareholders vote against a pay proposal for two years running, they can call for the board to be removed.

The annual report also showed Francesco De Ferrari, who began his term as chief executive officer on Dec. 1, was paid A$1.2 million ($847,440) cash in 2018, reflecting a buy-out payment to leave previous employer Credit Suisse Group AG <CSGN.S>.

At the year-long Royal Commission inquiry last year, AMP revealed it charged fees without rendering services and had attempted to deceive regulators. The wealth manager denied any malicious intention and said the causes were administrative.

($1 = 1.4160 Australian dollars)

(Reporting by Paulina Duran; Editing by Christopher Cushing)

Source: OANN

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Israeli military: Air raid sirens triggered in Tel Aviv

The Israeli military said air raid warning sirens were triggered in Tel Aviv on Thursday.

It was not immediately clear if the city was under attack or if a false alarm had set off the sirens.

Tel Aviv has not been attacked by rocket or missile fire since a 2014 war with Hamas militants in the Gaza Strip.

Source: Fox News World

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Revulsion in Northern Ireland over riot, fatal shooting

The dramatic riot in Londonderry last week was starkly reminiscent of the violence that plagued Northern Ireland for decades before the 1998 peace agreement. The result was both tragic and familiar: the death of a young journalist, apparently hit by a stray bullet.

Here are answers to some questions about the Thursday night riot:

HOW WAS THE JOURNALIST KILLED?

The riot started Thursday evening, after police in Northern Ireland moved into the Creggan housing complex in Londonderry, searching for weapons and members of dissident groups. They were pelted with gasoline bombs and other objects, and several armored police cars were set alight.

The riot attracted a crowd of residents and journalists. At one point, a gunman wearing a balaclava stepped out from behind a building, fired shots at the police and then took cover. No police were hit, but a bullet struck 29-year-old journalist Lyra McKee in the head, killing her.

McKee had been well known for writing about the struggles of growing up gay in Belfast and about the legacy of violence in Northern Ireland. Her funeral is scheduled for Wednesday in Belfast.

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WHO IS RESPONSIBLE FOR HER DEATH?

A small group called the New IRA admitted responsibility Tuesday for the journalist's death and apologized to McKee's partner and family. The unusual apology may be seen as a response to the overwhelming public condemnation of the shooting and the nearly universal grief at McKee's death.

The New IRA, which has been increasingly violent in recent years, does not accept the Irish Republican Army's historic decision to lay down its arms and pursue a political settlement, a strategy that led to the signing of the 1998 Good Friday peace agreement. The New IRA believes challenging the British presence in Northern Ireland is the best way to achieve its longtime goal of a united Ireland.

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WHERE IS THE POLICE INVESTIGATION NOW?

Two teenagers were arrested in the case last weekend but were released without being charged. A 57-year-old woman was arrested under the Terrorism Act on Tuesday morning but has not been identified or charged. Police have not said what role she is suspected of playing

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IS THE 'NEW IRA' THE SAME AS THE OLD IRA?

No. The IRA that spearheaded decades of violence in Northern Ireland known as "The Troubles" was extremely well organized and had some international political support as well as overseas connections that provided weapons and explosives. The IRA and its political leaders Gerry Adams and the late Martin McGuinness declared a cease-fire in 1994 and, through its political wing Sinn Fein, helped bring about the 1998 agreement that set up a power-sharing government that includes those who want a united Ireland and unionists who want continued ties with the United Kingdom.

The IRA no longer functions as an armed movement, but some small dissident groups have not put down their arms. Of these, the New IRA has the highest profile, but they have very little political support in the general population.

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WILL THE VIOLENCE GET WORSE?

The use of firearms aimed at police Thursday night marked an escalation, and follows a trend set in January when the New IRA was responsible for a car bombing that caused no injuries in Londonderry, which is typically called Derry by residents who resent the British presence.

The group also claimed responsibility for a series of letter bombs sent to the British mainland recently. British security services are spending more time and resources monitoring dissidents in Northern Ireland and have judged the threat of more terrorism in Northern Ireland as "severe."

But the dissident groups do not seem to be gaining public backing and the apparently accidental killing of McKee seems to have sparked a backlash against violence.

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IS BREXIT MAKING IT WORSE?

There is great uncertainty about whether a hard border will be put into place between Ireland and Northern Ireland when Britain leaves the European Union. After Brexit time, that now-invisible border will also become the border between the U.K. and the EU, which may necessitate identity and customs checks.

Politicians, academics and police have warned that any new border posts may well become targets for dissident groups — much like they were back in the violent "Troubles" era.

Source: Fox News World

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Netflix surges ahead of quarterly results report; Disney in focus

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo

April 16, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Shares of Netflix jumped 3 percent on Tuesday ahead of the streaming video service’s quarterly results, with traders expecting a larger than normal reaction from the stock as new competition looms from Walt Disney Co.

Netflix will be the first to report March-quarter earnings among major high-growth firms and Wall Street’s reaction to its results will be viewed as an indicator of what to expect when Amazon.com Inc and Facebook Inc report next week.

“There is some concern that real competition is entering the market, but Netflix is still a good proxy for investor risk appetite, especially for technology,” said Joel Kulina, Senior Vice President of Institutional Cash Equities at Wedbush Securities.

Options traders expect Netflix shares to swing by about 7% in either direction in the session after its report, which is expected after the market closes on Tuesday. That is more than the median move of 5.4% in Netflix’s eight most recent quarterly reports, according to options analytics firm Trade Alert.

On Jan. 18 following its last quarterly results, Netflix dropped 4% over concerns about slowing growth, and investors are now focused on how Chief Executive Officer Reed Hastings plans to fend off a major challenge from Walt Disney, with its upcoming Disney+ streaming service.

(GRAPHIC: Walt Disney mounts a challenge to Netflix – https://tmsnrt.rs/2VN8dcL)

Disney’s stock has surged 12% since it unveiled the service last week, which will be priced below Netflix and include some of the world’s most popular entertainment franchises. Netflix has slipped almost 3% during that time.

“The real question that investors will want answered is how will the company launch a counterattack to Disney’s massive offensive that is on the horizon?,” Jones Trading Chief Market Strategist Mike O’Rourke wrote in a client note.

The so-called FANG group of high-growth stocks, including Facebook, Netflix, Google-parent Alphabet and Amazon, has rebounded sharply following a steep market selloff late last year. Facebook is up 36% year to date, followed by Netflix’s 34% rise. Facebook reports on April 24, Amazon reports on April 25 and Alphabet Inc reports on April 29.

For the first quarter, Netflix has said https://s22.q4cdn.com/959853165/files/doc_financials/quarterly_reports/2018/q4/01/FINAL-Q4-18-Shareholder-Letter.pdf it expects to add 8.9 million global subscribers.

Analysts on average expect Netflix to report a 21.6% rise in quarterly revenue to $4.5 billion, which would be its most modest quarterly revenue increase since 2013, according to Refinitiv. Analysts on average expect non-GAAP earnings per share of 57 cents.

(Reporting by Noel Randewich, additional reporting by Saqib Ahmed in New York; editing by Grant McCool)

Source: OANN

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Bad loan build-up clouds emerging share market picture

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai
FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis Mascarenhas

March 11, 2019

By Tom Arnold

LONDON (Reuters) – Emerging equities markets have soared this year as investor sentiment toward them rebounds, but for some the enthusiasm is being tempered by worries about surging bad loans at many banks.

Non-performing loans have shot up to a global high of close to 10 percent of gross credit exposures in India, and they are expected to edge up this year in China, Mexico, Indonesia, Russia, Turkey and Argentina, say analysts.

A gloomy outlook on the final two issued by Standard & Poor’s undercuts the assumption that fallout from currency crises last year in both countries was already priced in.

For an interactive version of the below graphic, click here https://tmsnrt.rs/2EQt5cM.

As well as holding back financial sector growth and national economies, hefty levels of soured debt pose a particular risk for foreign investors, who have long favored retail lenders as picks for getting exposure to rising middle classes in emerging markets.

EM bank lending swelled to an average of 128 percent of GDP among the BRICS – Brazil, Russia, India, China and South Africa – in 2017, from 98 percent in 2007, according to World Bank data.

But such activity is vulnerable to swings in the credit cycle, and some fund managers are growing more cautious.

Asset manager Ashmore Group is negative on banks in seven emerging countries – China, Malaysia, South Korea, Taiwan, Turkey, Mexico and Russia – and positive on just Indonesia, India and Peru, said emerging markets equity portfolio manager Edward Evans.

There have been signs of policy softening by some emerging market central banks, and some commercial lenders have been cutting foreign exchange exposure and slashing risk on their balance sheet.

But broad financial conditions are tighter at the start of 2019 than they were a year ago after several interest rate rises in the United States and concerns about weaker global growth.

Asked which banking sectors he was bearish on, Eaton Vance emerging markets corporate strategist Akbar Causer cited risks if China’s economic slowdown continued.

The outlook for lenders in Turkey and Argentina was also “not so strong”, he added.

Turkey’s banks are vulnerable as the lira’s depreciation and its lurch into recession – data on Monday showed the economy slumped 3.0 percent year on year at the end of 2018 – hampers borrowers’ ability to meet debt obligations

S&P, in a note last month, said it expected Turkish NPLs to swell to around 6 percent this year, roughly double its earlier forecast. Official data showed it at 4 percent at the end of January.

For an interactive version of the below graphic, click here https://tmsnrt.rs/2VBzjCW.

FX DEBT RISK

High dependence on external funding is a source of risk in Turkey, South Africa, Indonesia and Mexico, said Tan Nguyen, senior research analyst at OppenheimerFunds.

Their combined external debt stands at around $1.37 trillion. That and heightened financial stress among companies based there could lead to difficulties for them repaying their debt, pushing up non-performing loans, Nguyen warned.

S&P this month took ratings action on 22 Mexican financial institutions, cutting the outlook on several to “negative” from “stable”. They included Citigroup subsidiary Citibanamex and Banco Inbursa, controlled by the family of billionaire Carlos Slim.

S&P added, however, that cautious lending practices would help Mexican banks avoid a sharp rise in NPLs.

Others see more immediate risks, particularly in Turkey, where the central bank last week held its base interest rate at an above-inflation 24 percent.

“The fact we have higher interest rates and a weaker currency means there’s a rising probability of corporate defaults and non-performing loans,” said Jon Harrison, managing director, emerging markets macro strategy at TS Lombard.

Even Garanti Bank, Turkey’s second-largest private bank and considered one of the best-run lenders across emerging markets, had a non-performing loan rate of 5.2 percent last year, above its forecast.

In India, banks had been under pressure to clean up a $190 billion pile of soured loans. But that pressure has eased since Shaktikanta Das – seen as closely aligned with Prime Minister Narendra Modi’s government – took over as central bank governor in December.

“What that means is they avoid a short-term potential crisis by enabling banks to avoid recognizing the problem, but at the cost of slower long-term credit growth,” said Harrison.

(Reporting By Tom Arnold; Graphics by Ritvik Carvalho; editing by John Stonestreet)

Source: OANN

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VW has no plan to produce electric vehicles in Brazil in next few years

Worker makes final checks on a VW e-Golf electric car in Dresden
A worker makes final checks on an e-Golf electric car at the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany March 30, 2017. REUTERS/Fabrizio Bensch

March 26, 2019

SAO PAULO (Reuters) – Volkswagen AG does not plan to produce electric or hybrid vehicles in Brazil in the next few years, although it will begin importing them this year, its top executive for South America Pablo Di Si told reporters on Tuesday.

Brazil was one of the world’s largest auto markets until a recent economic downturn and remains a significant base for many automakers. The Brazilian market relies heavily on ethanol, a biofuel that receives incentives from the government and which has been embraced by the local auto industry.

(Reporting by Marcelo Rochabrun; Editing by Susan Thomas)

Source: OANN

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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.

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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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