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Trillion pounds of assets leave London ahead of Brexit: EY

FILE PHOTO: British and EU flags flutter outside the Houses of Parliament in London
FILE PHOTO: British and EU flags flutter outside the Houses of Parliament in London, Britain January 17, 2019. REUTERS/Clodagh Kilcoyne

March 20, 2019

LONDON (Reuters) – Assets worth around a trillion pounds $1.32 trillion) are moving from London to hubs in the European Union ahead of Brexit, with the parallel shift in jobs likely to top 7,000, consultants EY said on Wednesday.

Banks, asset managers and insurers in London are opening or expanding hubs in the EU to avoid disruption from Britain’s departure from the European Union.

Britain is legally due to leave next week, but the British government is asking Brussels for a delay.

In its latest Brexit Tracker, EY said that 23 companies have announced the transfer of about a trillion pounds in assets, up from 800 billion pounds in the last quarter.

Dublin remains the most popular destination for relocations, with 28 companies saying they have plans to set up shop there, but Frankfurt, Luxembourg and Paris are catching up, with between 21 and 18 firms.

“As 29 March draws nearer, companies are reconfirming or revising the statements they have made about the extent of staff and operational changes they are making, but we are not seeing many last-minute surprises – firms are executing their plans as expected,” EY said in a statement.

(Reporting by Huw Jones; editing by Emelia Sithole-Matarise)

Source: OANN

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Prince Charles embarks on Caribbean tour including Communist-run Cuba

FILE PHOTO: Commonwealth Service at Westminster Abbey in London
FILE PHOTO: Britain's Prince Charles and Camilla, Duchess of Cornwall arrive for the Commonwealth Service at Westminster Abbey, on Commonwealth Day, in London, Britain March 11, 2019. REUTERS/Toby Melville/File Photo

March 16, 2019

By Sarah Marsh

HAVANA (Reuters) – Prince Charles and his wife Camilla embark on a Caribbean tour on Sunday during which they will become the first British royals to visit Communist-run Cuba, even as the island faces rising hostility from Britain’s closest ally, the United States.

The royals will kick off their 12-day tour of ten islands with a visit to St Lucia, continuing onwards to Barbados, St Vincent and the Grenadines, St Kitts and Nevis, and Grenada, according to their private office. Many of the islands are former British colonies and retain Charles’ mother Queen Elizabeth as head of state.

On March 24, the royal couple will land in Havana for a three-day visit at the request of the British government to underscore warming British-Cuban ties, where they will dine with Cuban President Miguel Diaz-Canel, who replaced Raul Castro last year.

Charles, the heir to the British throne, already met the president last November on his 70th birthday, when Diaz-Canel was visiting London.

“This is an acknowledgement not only of Cuba’s people, but also of the government, and tells the United States we are not that isolated,” said Havana resident Cira Llerena, 70.

The visit forms part of a broader normalization of relations between the communist-run country and Western nations. Over the past five years, Cuba has taken steps towards an opening that has seen a growth in free enterprise, internet connectivity and foreign investment.

The initial enthusiasm over that opening, however, has subsided since U.S. President Donald Trump took power, vowing to roll back a detente initiated by his predecessor Barack Obama and returning to Cold War rhetoric.

The trip comes as the Trump administration is intensifying attempts to end what it views as Latin America’s “troika of tyranny” – the socialist governments of Venezuela, Nicaragua and Cuba – and has sparked some controversy.

U.S. Senator Rick Scott in Florida, home to the largest community of Cuban exiles, had urged Charles publicly to cancel his trip and instead visit Florida to meet with dissidents.

In a video posted on Twitter, the British ambassador to Cuba, Antony Stokes, said the visit reflected Britain’s growing relationship with Cuba, including greater cooperation in fields like biotech and renewable energy.

Charles, a vocal environmentalist, will visit a solar farm in Cuba being built by a British company. He will also hear about the island’s plans to tackle climate change.

“That doesn’t mean we agree on everything – we don’t – but meaningful diplomacy can help us to talk more closely on issues both where we agree and where we differ,” Stokes said.

DIANA MEMORIAL IN HAVANA

While communism and royalty may seem unlikely companions, in a corner of Havana’s bustling historic center lies an unexpected homage to Britain’s monarchy: a small memorial garden for Princess Diana, Charles’ late first wife.

“She was very beloved in Cuba,” said Margarita Rego, 73, who works for the office of the city’s official historian and said Cubans had heard about her in magazines from abroad.

Cubans would sometimes lay flowers at the foot of a marble sculpture by artist Juan Narciso Quintanilla showing a sun representing her luminosity, she said.

Workers were busy pruning plants and fixing the fountain as Charles is expected to pay it a visit during a tour of Old Havana, she added.

But many in the former Spanish colony know little of the British royals, while others are indifferent.

“So many foreigners have come here and yet everything continues the same,” said Julio Poyato, 76, complaining about Cuba’s beleaguered, still highly centralized economy.

“There are no eggs, chicken, nothing at all,” said the former welder, who struggles to live off a pension of around $10 per month, referring to chronic shortages of basic goods in Cuba.

Charles is set to meet some of the entrepreneurs breathing new life into the economy, despite heavy restrictions, as well as a group of owners of British classic cars.

He and Camilla will conclude their Caribbean tour with a visit of the Cayman Islands, a British overseas territory.

(Reporting by Sarah Marsh, Editing by Rosalba O’Brien)

Source: OANN

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Wisconsin woman accused of spitting, attacking officers while threatening 'you dead' after traffic stop

A weekend traffic stop of a Wisconsin woman suspected to be under the influence became a booking room melee after officials said she was caught on camera threatening and attacking officers in a fit of laughter.

The Brown Deer Police Department said in a report the incident began at 11:56 p.m. Saturday after an officer reported a wrong-way driver. Police attempted a traffic stop, but said the driver, identified as 26-year-old Denisha Davis, did not pull over for several blocks.

Once Davis was outside the vehicle, video obtained by FOX6 shows the 26-year-old attempt to complete field sobriety tests while giggling and stumbling. Once she was handcuffed by officers, Davis can be seen looking at a dashboard video camera and sticking up her middle finger and sticking out her tongue.

ARKANSAS POLICE OFFICER FIRES AT LEAST 15 TIMES INTO CAR WHILE ON HOOD IN DEADLY SHOOTING CAUGHT ON VIDEO

When Davis was brought back to the station, the situation escalated as two officers tried to remove her jacket. She could be seen in the video obtained by FOX6 appearing to strike one officer.

After a brief struggle, Davis was brought to the ground.

"Try me, b----. Don't play with me. I`ll hit you in your chin again if you let me go b----," she can be heard saying in the video while laughing as officers tried to restrain her.

Denisha Davis can be seen struggling with police in a booking room early Sunday.

Denisha Davis can be seen struggling with police in a booking room early Sunday. (Brown Deer Police/FOX6)

"We are going to war with you m------------, and that's a promise," the 26-year-old said. "B----, you dead. You got that?"

NEW JERSEY POLICE SHOOT, KILL BULL ATTACKING OWNER AFTER IT POUNCED ON PATROL VEHICLE: REPORT

After she was restrained and taken to a hospital for a blood draw, police said Davis continued to act out, spitting at officers.

Denisha Davis was arrested after a traffic stop just before midnight Sunday.

Denisha Davis was arrested after a traffic stop just before midnight Sunday. (Brown Deer Police/FOX6)

"The suspect decided to spit at officers multiple times," Brown Deer Police Officer Nick Andersen told FOX6. "Obviously, the job is dangerous enough as it is. People get upset with our actions and decide to take it in their own hands. It's unfortunate for the men and women out there trying to keep the roads safe."

CLICK HERE FOR THE FOX NEWS APP

Davis faces two counts of throwing/discharging bodily fluid at public safety workers or prosecutors, operating while intoxicated (second offense) and operating while revoked. The 26-year-old made her initial appearance in court on Tuesday, where a $650 signature bond was set, FOX6 reported.

Source: Fox News National

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Lawyer Told Cohen 'Sleep Well Tonight' After Talking to Giuliani

President Donald Trump's ex-lawyer and fixer Michael Cohen got some reassuring advice last April from Rudy Giuliani — that Cohen had "friends in high places" and could "sleep well tonight," CNN reported Wednesday.

Two emails – both dated April 21, 2018, and among documents provided to Congress by Cohen – do not specifically mention a pardon, CNN reported. But Cohen provided the emails in closed-door testimony to back up his claim a pardon was dangled before he decided to cooperate with federal prosecutors, CNN reported, citing unnamed sources.

"I just spoke to Rudy Giuliani and told him I was on your team," lawyer Robert Costello wrote in the first of two emails, CNN reported. "He asked me to tell you that he knows how tough this is on you and your family and he will make (sure) to tell the president. He said thank you for opening this back channel of communication and asked me to keep in touch."

In a follow-up email, Costello told Cohen he had spoken to Giuliani and told Cohen it was "very, very positive."

"There was never a doubt and they are in our corner," Costello wrote, CNN reported. "Rudy said this communication channel must be maintained. He called it crucial and noted how reassured they were that they had someone like me whom Rudy has known for so many years in this role."

"Sleep well tonight, you have friends in high places," Costello ended the email.

Costello told CNN that Cohen's interpretation of events was "utter nonsense," adding Cohen asked him to raise the issue of a pardon with Giuliani.

"The first time I kind of danced around the issue because Michael brought it up with me, and I told him, 'Look, this is way too premature. . . . But if you want me to bring it up, I will bring it up.' And I did," Costello told CNN.

Cohen's Feb. 27 testimony that he never asked for a pardon has triggered a fight over the claim.

"That was about Michael Cohen thinking that the president was mad at him," Giuliani told CNN. "I called [Costello] to reassure him that the President was not mad. It wasn't long after the raid and the president felt bad for him."

Lanny Davis, Cohen's lawyer and spokesman, told CNN he could not comment on the matter if it involved documents provided to the intelligence committees, but noted: "as a general matter from my own past experience, it is impossible to deny or try to spin your way out of what documents say."

Source: NewsMax America

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US watchdog: Peace with Taliban won't resolve Afghan crises

A U.S. watchdog says Afghanistan will remain dependent on international donors and foreign help even after a peace deal with the Taliban is reached.

The Special Inspector General for Afghan Reconstruction, or SIGAR, monitors billions of dollars in U.S. aid to the country. It issued a new report on Thursday identifying main high-risk areas for Afghanistan.

SIGAR chief John F. Sopko urged policymakers to plan for the "day after," saying a peace agreement won't automatically resolve Afghanistan's many crises.

The report says concerns include widespread insecurity, underdeveloped civil policing capability, endemic corruption, sluggish economy, the Taliban-run narcotics trade and threats to women's rights.

SIGAR says the reintegration of as many as 60,000 heavily armed Taliban fighters and their families back into Afghan society would also be a key concern.

Source: Fox News World

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German woman, parents-in-law indicted for aiding IS

German prosecutors say they've indicted a 21-year-old woman on suspicion of membership in the Islamic State group and of keeping three Yazidis as slaves in Syria.

Federal prosecutors said Wednesday that the German-Algerian woman, identified as Sarah O. for privacy reasons, traveled to Syria as a teenager in 2013, joined IS and married a fellow German IS recruit.

Both allegedly received firearms training and conducted "guard and police duties" in IS-controlled areas. They also forced a Yazidi girl and two Yazidi women to work in their household and convert to Islam.

She was arrested in September upon her return to Germany.

O.'s parents-in-law, 51-year-old Ahmed S. and 48-year-old Perihan S., allegedly helped their sons supply IS with equipment such as firearms magazines and scopes. They are indicted on suspicion of aiding IS.

Source: Fox News World

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FBI Alerted After Drunk Airline Passenger Urinated On Woman’s Luggage

Neetu Chandak | Education and Politics Reporter

The Federal Bureau of Investigation (FBI) was alerted Friday after a drunk passenger reportedly urinated on a woman’s luggage during an American Airlines flight from Chicago to Charlotte.

The incident occurred on flight 1344, which arrived in Charlotte, North Carolina, Thursday morning, The Associated Press reported Saturday.

“Due to an intoxicated passenger, American Airlines requested law enforcement meet flight 1344 once it arrived in Charlotte at 12:52 a.m. on Thursday,” American Airlines said to The Daily Caller News Foundation over email Saturday.

Police notified the FBI of the incident Friday, The Charlotte Observer reported.

It is unclear whether there will be criminal charges. (RELATED: 8 Americans Die In Plane Crash That Has China Grounding Planes)

Pictured is a plane at the airport. SHUTTERSTOCK/BCFC

Pictured is a plane at the airport. SHUTTERSTOCK/BCFC

The FBI investigates criminal activities that occur during airline flights, according to The AP.

The FBI in Charlotte did not immediately respond to The Daily Caller News Foundation’s request for comment.

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Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

Source: The Daily Caller

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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