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Senate set to confirm ex-lobbyist Bernhardt as Interior chief

FILE PHOTO: U.S. President Donald Trump and acting U.S. Secretary of Interior David Bernhardt arrive to place a wreath at the Martin Luther King Memorial in Washington
FILE PHOTO: U.S. President Donald Trump and acting U.S. Secretary of Interior David Bernhardt arrive to place a wreath at the Martin Luther King Memorial in Washington, U.S., January 21, 2019. REUTERS/Joshua Roberts/File Photo

April 11, 2019

By Valerie Volcovici

(Reuters) – The U.S. Senate is set to confirm former energy lobbyist David Bernhardt as the next Interior Secretary on Thursday, even as coastal state senators from both parties raise concerns about his plans to vastly expand offshore drilling.

Bernhardt would replace former Montana Congressman Ryan Zinke as the head of the Interior Department, which manages federal and tribal lands and waters and is key to President Donald Trump’s efforts to boost domestic crude oil, natural gas and coal production.

He is expected to be approved by the Republican-controlled Senate over the objections of Democrats concerned that his former lobbying for industry means he will favor energy and minerals development over conservation.

Republican Senators including Marco Rubio and Rick Scott of Florida have also raised concerns over the Interior Department’s looming five-year offshore drilling plan, which could expand drilling into new parts of the U.S. Gulf of Mexico, Atlantic, Pacific and Arctic. Coastal states like Florida are concerned about the impact of a spill on their tourism industries.

But in a sign that Bernhardt has assuaged some of those concerns in recent days, Rubio said on Twitter Wednesday evening he would vote for Berhardt’s confirmation.

“I am VERY confident that when all is said & done no oil drilling is coming to our coastline,” Rubio said.

Rubio and Scott had sent a letter to Bernhardt last month urging him to keep Florida protected from offshore drilling and honor a promise Zinke had made prior to his resignation that Florida would be exempted from the plan.

Scott did not comment on Bernhardt’s confirmation.

Democratic senators continued to urge that the Senate reject Bernhardt’s confirmation because of his close ties to some of the industries that the Interior Department would regulate.

Oregon Democratic Senator Ron Wyden, for example, asked the Department of Justice earlier this week to investigate whether Bernhardt was in violation of lobbying disclosure laws.

“Add these troubling allegations to the long list of reasons why the nomination of David Bernhardt should be stopped, or at minimum delayed, until the Senate and the American people get all of the facts,” said Wyden.

(Reporting by Valerie Volcovici; Editing by Nick Zieminski)

Source: OANN

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Rolls-Royce sees double-digit sales growth in China this year: CEO

FILE PHOTO: The
FILE PHOTO: The "Spirit of Ecstasy" bonnet ornament is seen on a Rolls Royce car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny

April 16, 2019

SHANGHAI (Reuters) – Luxury carmaker Rolls-Royce expects to achieve double-digit sales growth in China this year, although it will be lower than the 40 percent rate it saw in 2018, its chief executive said on Tuesday.

Torsten Muller-Otvos made the comments to Reuters in an interview on the sidelines of the Shanghai Autoshow.

“We are well set up for again quite a good growth rate in 2019. We definitely see double-digit growth,” said the boss of the BMW-owned Rolls-Royce Motor Cars.

He said growth would, however, unlikely reach the same level as last year. “I don’t think so. That would be a little bit too much,” he said.

(Reporting by Aditi Shah; Writing by Brenda Goh; Editing by Aaron Sheldrick)

Source: OANN

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DOD Wants $304M for Space-Based Weaponry Research

The Department of Defense wants $304 million to fund research on space-based weaponry, including laser beams and neutral particle beams, following reports China and Russia are developing capabilities to threaten the U.S.'s preeminent position, Defense One reports.

The neutral particle beams would be used to disrupt missiles with streams of subatomic particles traveling close to light speed. Lasers, whose photons travel at light speed, would be utilized in the same capacity.

Officials, though, say the explorative studies do not mean much just yet.

"I can't say that it is going to be at a space and weight requirement that's going to actually be feasible, but we're pushing forward with the prototyping and demo," an official told Defense One.

The exploration "means we need to understand as a department, the costs and what it would take to go do that. There's a lot of folklore . . . that says it's either crazy expensive or that it's free. It needs to be a definitive study."

A Pentagon report published in February said China and Russia were developing lasers that could target and destroy U.S. satellites.

"China and Russia, in particular, are developing a variety of means to exploit perceived U.S. reliance on space-based systems and challenge the U.S. position in space," the Defense Intelligence Agency report said.

Source: NewsMax Politics

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The Latest: Some hoping for guilty plea from Closs suspect

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

11 a.m.

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

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

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

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

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

___

12:01 a.m.

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

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

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

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

Source: Fox News National

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Dems See Opening to Continue Probe on Obstruction of Justice

Democrats are jumping on Attorney General William Barr's summary of the Mueller report in a letter to Congress that its findings were inconclusive on whether President Donald Trump obstructed justice as justification to proceed with their own investigation, Politico reported Sunday.

"This letter leaves more questions than answers; a sanitized summary from Trump's handpicked bodyguard is not acceptable," Rep. Bill Pascrell, D-N.J., said. "Barr has his finger on the scale to protect Trump. The full report should be released immediately."

His Democratic colleague in the House, Rep. David Cicilline, D-R.I., added "according to the Attorney General's letter, he described a pattern of evidence suggesting the president engaged in obstruction of justice," Politico reported

Barr wrote in his letter to the Congress that "The report sets out evidence on both sides of the question and leaves unresolved what the special counsel views as 'difficult issues' of law and fact concerning whether the president's actions and intent could be viewed as obstruction."

Barr added Mueller stated in his final report that "while this report does not conclude that the president committed a crime, it also does not exonerate him."

Source: NewsMax Politics

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Attacked by both sides: journalists caught in the crossfire of Kashmir conflict

Asif Qureshi, a Kashmiri journalist, speaks during an interview with Reuters in Srinagar
Asif Qureshi, a Kashmiri journalist, speaks during an interview with Reuters in Srinagar March 23, 2019. Picture taken March 23, 2019. REUTERS/Alasdair Pal

April 9, 2019

By Alasdair Pal and Fayaz Bukhari

SRINAGAR (Reuters) – Most nights in recent weeks, journalist Asif Qureshi’s phone vibrates with a message from a known number of Jaish-e-Mohammed (JeM), a Pakistan-based militant group that killed 40 Indian paramilitary policemen in a suicide attack in Kashmir in February: “Allah always keeps you in safety and security”.

“They want to tell us that we are monitoring you,” said Qureshi, the Kashmir bureau chief for Delhi-based TV channel ABP News.

He is one of the many journalists caught in the crossfire – metaphorically and literally – between the Indian government and militant groups fighting for India-controlled Kashmir’s independence.

Both sides are making increasing attempts to control the flow of information, journalists say, after the conflict in Kashmir, a Muslim-majority region claimed by both India and Pakistan, escalated dramatically over the past few months.

India blames Pakistan for harbouring JeM, a claim Islamabad denies, and both nuclear-armed nations said they carried out air strikes and downed enemy jets after the suicide attack, to the alarm of world powers.

The present situation is the most dangerous and difficult for journalists in decades, according to dozens of journalists in Kashmir Reuters spoke to in recent weeks.

In the past two years, journalists in the scenic Himalayan valley have been threatened by militants, blinded by pellet guns fired by security forces, and murdered by unknown assailants.

Many reporters say that self-censorship is often the only option to keep working safely in the region.

“We have become a punching bag for both sides,” Qureshi said.

LOCAL PRESSURE

Srinagar’s Press Enclave, where many newspapers and TV channels have offices, has been under armed guard since Shujaat Bukhari, the editor of several newspapers and a high-profile moderate in Kashmir, was shot dead outside his office by unknown gunmen in June 2018. No one has been charged in connection with the crime.

The physical danger they face is a major reason why India is one of the worst places in the world to be a journalist, according to international monitor Reporters Without Borders, that currently ranks it 138th out of 180 countries on its press freedom index.

Local newspapers, that rely overwhelmingly on government advertisements for revenue, are also facing increasing financial pressure.

Last month, the government stopped advertising in two of the largest newspapers, Greater Kashmir and Kashmir Reader, to protests from the Kashmir Editors’ Guild.

“We have written to the government of India for a reason, but so far they have not provided it,” said Sajjad Ansari, the vice president of the Guild and editor of the Kashmir Observer, another leading newspaper.

Editors assume it is because the papers carried stories on human rights and other material critical of the authorities.

On March 10, fifteen newspapers, making up 95 percent of all sales in Kashmir, carried blank front pages in protest at the advertising decision.

It has had little effect. On April 2, the government pulled advertising from a third paper, Kashmir Uzma, according to the Guild.

Gulzar Ahmed Shabnam, the director of information for Jammu & Kashmir state, declined to comment on the withdrawal of advertising.

“I don’t think the independent voice can survive here,” said Morifat Qadri, the editor of Aafaq, an Urdu-language newspaper, of the situation in Kashmir. “An editor either has to surrender or leave this job.”

NATIONAL TENSION

Reporters working for national outlets like Qureshi say they are facing renewed hostility from local people, who are often sympathetic to separatist groups and resent the Indian media’s increasingly nationalist stance.

India goes to the polls on a rolling basis from April 11 to May 19 in a general election that is being dominated by the tensions with Pakistan, to the benefit of the ruling Bharatiya Janata Party, pollsters say.

“Everybody knows the (national) media is slanted towards the establishment right now,” Qureshi said. “Right now you have to watch your back.”

Qureshi said locals often become aggressive when they saw the ABP News badge on his equipment, recognising it as a national outlet.

His cameraman, Arshad Hussein Shah, said he has been injured more times than he can count by security forces, often in scuffles involving batons and rifle butts.

But injuries can sometimes be more serious. In 2016, freelance photographer Zohaib Butt was covering a clash between protesters and security forces.

A policeman came towards him. Butt showed the man his cameras, but he raised a shotgun loaded with metal pellets, and fired in his direction from less than 20 metres away. The photographer sustained severe eye injuries.

“For the first five seconds I was shouting like a dog,” Butt said. “It was like looking at a broken mirror.”

Butt is one of several journalists injured over the last two years by pellet guns used by the army. In January, four were hit in a similar incident.

“Sometimes the authorities go beyond their powers and I will be investigating these cases,” said Shabnam, who became the state’s director of information in February.

A spokesman for Kashmir’s police force declined to comment on Butt’s case, and on injuries to journalists generally.

After multiple rounds of surgery, Butt is still partially blind, unable to work as a photojournalist. The man who shot him has never been identified.

Hundreds of metal pellets are still lodged under his skin, and he struggles with depression.

“Sometimes when I am taking a shower I cover my eyes and think why didn’t I do it at the time,” he said. “I trusted the cop that he wouldn’t shoot.”

(Reporting by Alasdair Pal and Fayaz Bukhari; Editing by Martin Howell and Raju Gopalakrishnan)

Source: OANN

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Putin Hopes For Fresh Start With Trump After “Notorious” Mueller Commission Found Nothing

Russian president Vladimir Putin said he’s ready to turn the leaf on the first two years of diplomatic scandals between the US and Russia, and is seeking areas of cooperation with his US counterprart (and according to various now debunked lunatics, spy) Donald Trump, calling the furor over election-meddling allegations part of the deep political crisis in Washington.

In his first public comments on the outcome of Robert Mueller’s investigation which found no collusion or conspiracy between Trump and Russia, Putin welcomed the controversial findings.

“We said from the very start that this notorious commission of Mr. Mueller wouldn’t find anything because we know this better than anyone,” Putin told the International Arctic Forum in St. Petersburg on Tuesday, adding that it was “utter nonsense aimed solely at a domestic audience and used for internal political struggle in the U.S.”

In retrospect, he was right.

Vladimir Putin delivers a speech at the International Arctic Forum in St. Petersburg on April 9, Photo: TASS

As a reminder, Trump scored the biggest political victory of his presidency – even as the credibility of the US liberal medial plumbed new lows – last month after AG William Barr published a summary of Mueller’s finding that there was no collusion during the campaign. Trump, who repeatedly – and correctly – condemned the 22-month inquiry as a “witch hunt” said he’d been completely exonerated.

Agreeing with his US colleague, Putin said that witch hunts are “a black page” in U.S. history and “I would not like it ever to happen again” (here the conspiracy nuts should be ready to chime in with a witty rejoinder). The outcome of the Mueller investigation showed that “a mountain gave birth to a mouse,” the Russian president said.


Italy’s Matteo Salvini recently said his nationalist party, The League, is here to stay. Dan Lyman with Infowars Europe joins Owen to discuss the future of Europe and solutions for the immigration crisis.

While Putin said when the two leaders met in Helsinki last year that he’d wanted Trump to win the 2016 election because of his pledge to improve relations – and because Hillary Clinton’s State Department did everything in its power to set the stage for a war between Russia and Ukraine – he avoided generating more controversy, and said he supports Trump’s re-election in 2020.

“We respect the wishes of the American people,” he said. “Whoever is president, we’re ready to work with them.”

To be sure, much bad blood remains between the US “deep state” and Moscow: recall that US intelligence agencies “concluded” that Russia was behind hacking aimed at damaging Democratic Party contender Hillary Clinton (which unveiled that the DNC had rigged the primaries against Bernie Sanders, and that Hillary Clinton was a professional in saying one thing to the public and something else to Wall Street). Russia, naturally, rejects the allegations. Trump pledged during his campaign to improve ties with Russia and has repeatedly said he wants good relations with Putin.

As for how the former KGB spy and Trump are getting along currently, Putin said he has “plenty of disagreements” with Trump, whose administration has imposed a series of new sanctions on his country, but is ready to work with the U.S. on issues of joint interest including terrorism and arms control.

“We hope that when this situation normalizes, opportunities will emerge for bilateral cooperation on all issues,” Putin said.

* * *

Separately, Putin also said that Russia will dramatically increase its presence in the Arctic region by building new ports and other facilities and expanding its fleet of icebreaker vessels, as the competition for the area’s natural resources intensifies.

Putin told the leaders of Finland, Iceland, Norway, and Sweden at the Forum that Russia’s efforts will help quadruple the level of cargo shipments across the Arctic sea route.

“This is a realistic, well-calculated, and concrete task. We need to make the Northern sea route safe and commercially feasible,” he said.

And here is another irony: climate change is directly benefiting Russia – the shrinking polar ice in the Arctic region is expected to offer new opportunities for resource exploration and the development of new shipping lanes, leading Russia, the United States, Canada, Denmark, and Norway into a competition for jurisdiction in the region.

Putin set a goal for the amount of cargo carried across the shipping lane to rise to 80 million metric tons by 2025 from the 20 million tons transported in 2018, the majority under Russian-flagged vessels. Russia, the only country with a fleet of nuclear icebreakers, is moving to expand its current inventory of four nuclear-powered vessels to a total of nine by 2035, he said. It also has four nonnuclear icebreakers in its fleet, according to RFE.

In 2017, Jim Mattis, the former U.S. defense secretary noted the Russian buildup and said that “America has got to up its game in the Arctic.”

“The Arctic is key strategic terrain. Russia is taking aggressive steps to increase its presence there. I will prioritize the development of an integrated strategy for the Arctic,” said Mattis, who left his position at the end of 2018.

At the Arctic forum, Russian Foreign Minister Sergei Lavrov defended the military buildup, saying, “We don’t threaten anyone.”

“We ensure sufficient defense capabilities given the political and military situation around our borders,” He added.

Source: InfoWars

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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DNA Force Plus

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149.95

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

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DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

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Source: InfoWars

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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