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ECB’s Villeroy urges lower capital for EU banks’ European subsidiaries

FILE PHOTO: ECB policymaker Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo
FILE PHOTO: European Central Bank policymaker Francois Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai/File Photo

April 5, 2019

BUCHAREST (Reuters) – Lower capital requirements for European subsidiaries of EU banks would help encourage the emergence of more cross-border banks, ECB policymaker Francois Villeroy de Galhau said on Friday.

ECB officials have long called for cross-border consolidation among European banks, which they believe would help credit flow to countries needing it most, making their monetary policy more potent.

But such consolidation is slow because bankers say that current regulations tie up to much capital in their European subsidiaries for cross-border mergers to make sense.

“We will not achieve an effective and profitable Banking Union without cross-border consolidation in Europe: there are still too many roadblocks and not enough cross-border restructuring,” Villeroy said in a speech at financial conference in Bucharest.

“A useful step towards forming genuine pan-European banking groups could be to lower capital requirements of European subsidiaries, while safeguarding their financial position through credible cross-border guarantees provided by the parent company,” added Villeroy, who is also head of the French central bank.

(Reporting by Leigh Thomas)

Source: OANN

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WhatsApp launches India tip line to curb fake news during polls

FILE PHOTO: The WhatsApp messaging application is seen on a phone screen
FILE PHOTO: The WhatsApp messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo

April 2, 2019

MUMBAI (Reuters) – WhatsApp said on Tuesday it has launched a tip line for Indians to submit rumours and uncertain information, in the latest step by the messaging service to combat false news in India during the national election.

Facebook-owned WhatsApp said in a statement it was working with an Indian startup called Proto that will help to classify messages sent by users as true, false, misleading or disputed.

(Reporting by Sai Sachin Ravikumar; Editing by Euan Rocha)

Source: OANN

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UK minister: Huawei leaks ‘unacceptable’, criminal investigation possible

Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai
FILE PHOTO: A Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song

April 25, 2019

LONDON (Reuters) – British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the “unacceptable” disclosure of confidential discussions on the role of China’s Huawei Technologies in 5G network supply chains.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

Sources told Reuters on Wednesday Britain’s National Security Council (NSC) had decided to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core parts.

The leak of information from a meeting of the NSC, first reported in national newspapers, has sparked anger in parliament because the committee’s discussion are supposed to be secret.

“We cannot exclude the possibility of a criminal investigation here,” Wright said, speaking in response to an urgent question on Huawei in parliament.

“I do not think that the motivation for this leak matters in the slightest. This was unacceptable and it is corrosive to the ability to deliver good government.”

Wright said that such leaks endangered the ability of the committee, made up of senior ministers and which hears regularly from intelligence agency bosses, to get unequivocal and frank security advice from experts.

“Decisions will get less and less properly-based if we can’t trust people to keep private what should be kept private,” he said.

A spokesman for Prime Minister Theresa May, who chairs the NSC, declined to comment upon leaks or questions on leak enquiries, but said: “The prime minister is clear that the protection of information on matters of national security is of the highest importance.”

Wright said that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

(Reporting by William James, Elizabeth Piper and Kylie MacLellan. Editing by Andrew MacAskill)

Source: OANN

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Venezuelans stage scattered protests over lack of power, water

Anti-Maduro government protest in Caracas
Demonstrators gather at a protest against the government of Venezuelan President Nicolas Maduro in Caracas, Venezuela March 31, 2019. REUTERS/Carlos Garcia Rawlins

March 31, 2019

By Deisy Buitrago

CARACAS (Reuters) – Venezuelans staged scattered protests on Sunday over constant power outages and shortages of drinking water in the wake of two major blackouts this month.

The situation has fueled frustration with the government of President Nicolas Maduro and frayed nerves as schools and much of the nation’s commerce have been interrupted by problems with public services for nearly three weeks.

Residents on Sunday afternoon spontaneously protested in around 10 neighborhoods of Caracas as well as in parts of the provinces, according to witnesses and social media. Power went out on Sunday morning after flickering intermittently on Saturday.

Most demonstrators merely waved flags and chanted slogans, though some blockaded streets and burned tires.

“We’re here because there’s no water, no power and (unchecked) crime,” said Jose De La Cruz, 45, a nurse, standing at a barricade in downtown Caracas. “I’m asking Maduro to go. Just look at how things are. We have to go into the streets on a Sunday to protest because so many things aren’t working.”

One Reuters witness heard gunshots being fired near where the barricades had been set up, and demonstrators reported that one woman had been injured by gunfire.The government has offered a variety of explanations for the blackouts, ranging from Washington-backed cyberattacks to opposition-linked snipers causing fires at the country’s main hydroelectric dam.

Critics insist it is the result of more than a decade of corruption and incompetent management of the power system, which late socialist leader Hugo Chavez nationalized in 2007.

Opposition leader Juan Guaido, who is recognized by most Western nations as Venezuela’s legitimate head of state, has called on residents to organize at the neighborhood level to demand better services.

Guaido in January invoked the constitution to assume the interim presidency, arguing that Maduro’s 2018 re-election was fraudulent and that he usurped power when he was sworn in for a second term.

Maduro calls him a puppet of the United States, which he says is seeking to force him from office through a coup.

Washington has levied crippling sanctions against Maduro’s government in an effort to push him from power. He has hung on in large part thanks to the continued loyalty of top military commanders.

(Reporting by Deisy Buitrago; writing by Brian Ellsworth; Editing by Phil Berlowitz)

Source: OANN

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Australian prime minister greets woman in Chinese who corrects him: ‘No, I’m Korean’

Australian Prime Minister Scott Morrison is on the campaign trail ahead of the May 18 federal election which will determine whether the country’s conservative government will get a third term.

Morrison was greeting voters in the Sydney suburb of Strathfield on Saturday. Morrison shook hands with people in the community and was mingling with the residents.

AUSTRALIA OPPOSES DEATH PENALTY AS ASSANGE SUPPORTERS MARCH

Sky News Australia captured the moment Morrison shook a woman’s hand and greeted her with, “Hello, how are you, ni hao” which is Mandarin for, “hello.”

However, the women quickly corrected the prime minister.

“No, no, no, I’m Korean,” she replied.

Morrison recovered to tell the crowd that he was “no Asian languages expert, so I’m gonna say g’day to everybody”, The Guardian reported.

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A recent Ipsos poll, published by the Age and the Sydney Morning Herald, gave Bill Shorten's Labor party a lead over Morrison's Coalition 53-47 ahead of the election on May 18.

"[The election] will determine the economy that Australians live in, not just for the next three years, but for the next decade," Morrison said at a press conference earlier this month.

Source: Fox News World

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Adam Schiff urged to step down by GOP members on House Intelligence Committee

Every Republican on the House Intelligence Committee on Thursday demanded Rep. Adam Schiff step down as chairman over the California Democrat’s repeated claims to have evidence of Trump-Russia collusion.

In a letter, obtained by Fox News and signed by every Republican on the committee, the lawmakers slammed Schiff for his claims in the media that there was “more than circumstantial evidence” of collusion between the Trump campaign and Russia.

“Your actions both past and present are incompatible with your duty as Chairman of this Committee,” the letter states. “We have no faith in your ability to discharge your duties in a manner consistent with your Constitutional responsibility and urge your immediate resignation as Chairman of this Committee.”

The letter follows the conclusion of Special Counsel Robert Mueller's Russia probe, which turned up no evidence of collusion between Trump campaign members and Russia during the 2016 presidential election.

President Trump himself went even further than congressional Republicans Thursday morning, tweeting:

“Congressman Adam Schiff, who spent two years knowingly and unlawfully lying and leaking, should be forced to resign from Congress!”

Schiff, a vocal critic of the president, has doubled down on his claim that Trump and his administration colluded with foreign powers despite Mueller’s findings.

“Undoubtedly, there is collusion,” Schiff told the Washington Post after Attorney General William Barr's four-page summary of Mueller's investigation was released Sunday. He told the paper that the question of whether Trump or the people around him were compromised by a hostile foreign power was not in any part of Mueller’s report.

Source: Fox News Politics

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Russia critical after US sends nuclear-capable B-52 bombers to Europe

The U.S. deployed six nuclear-capable B-52 bombers to Europe last week to conduct training with NATO allies and partners, American officials reported, in a move promptly criticized by the Kremlin Thursday.

The U.S. Air Force is carrying out “theater integration and flight training” out of London’s RAF Fairford station, which will help prepare airmen to use the base as their forward operating location for bombers in Europe, the Air Force said last week.

“Training with joint partners, allied nations and other U.S. Air Force units contributes to our ready and postured forces and enables us to build enduring and strategic relationships necessary to confront a broad range of global challenges,” the Air Force said.

US BRISTLES AT GERMANY'S DEFENSE BUDGET PLANS AFTER IT FALLS SHORT

The Kremlin accused the U.S. of escalating tensions by flying its B-52 bombers near its border. Russia’s Defense Ministry claimed it prepared two Sukhoi SU-27 fighter jets to intercept a U.S. aircraft spotted on the radar before it changed direction, Reuters reported Thursday.

"In general, I will limit myself to only saying that of course, such actions by the United States do not lead to a strengthening of an atmosphere of security and stability in the region that directly adjoins Russia's borders," Kremlin spokesman Dmitry Peskov told Reuters.

The U.S. Embassy in Poland maintained that the Air Force conducted flights to Lithuania and Poland Wednesday to conduct interoperability training in NATO-controlled territory near the Baltic Sea.

Relations between Russia and NATO forces have been strained since Russia’s annexation of Crimea five years ago and continued to escalate as Moscow backed pro-Russian separatists in Ukraine. America's former U.N. ambassador, Nikki Haley, called out Russia’s “dangerous” and “arrogant” behavior after it seized Ukrainian naval ships in November and held sailors captive, The Hill reported.

The Air Force is conducting similar exercises in both Europe and the Indo-Pacific, launching B-52H Stratofortress bombers from Andersen Air Force Base, Guam, and RAF Fairford, United Kingdom, it said in a second press release on Wednesday.

“Collectively, the flights from the Indo-Pacific and Europe demonstrated U.S. commitment to allies and partners through the global employment of military forces,” the U.S. Air Force said.

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U.S. bombers flew north from Andersen on Monday to survey an area east of the Kamchatka Peninsula before returning to base.

Following international law and norms, the Air Force has been routinely conducting flight missions for over 10 years as part of the U.S. Indo-Pacific Command’s “Continuous Bomber Presence” to ensure a free and open Indo-Pacific.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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