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One feared dead in Dutch tram shooting, terrorist motive possible: police

The site of a shooting is pictured in Utrecht
The site of a shooting is pictured in Utrecht, Netherlands, March 18, 2019. REUTERS/Piroschka van de Wouw

March 18, 2019

AMSTERDAM (Reuters) – Several people were shot, one possibly fatally, on Monday in a tram in the central Dutch city of Utrecht, in an incident police said may have had a “terrorist motive”.

Police said the suspected gunman was at large and authorities raised the terrorism threat to its highest level in Utrecht province. Schools were told to shut their doors and paramilitary police increased security at airports and other vital infrastructure. Security was stepped up at mosques.

“Several shots were fired in a tram and several people were injured. Helicopters are at the scene and no arrests have been made,” said police spokesman Joost Lanshage. He was not immediately able to provide further details.

Local broadcaster RTV Utrecht quoted a witness as saying he had seen a woman lying on the ground amid some kind of confrontation and several men ran away from the scene.

Prime Minister Mark Rutte said he was deeply concerned about the incident and convened crisis talks.

The incident comes after a lone gunman killed 50 people in mass shootings at two mosques in the city of Christchurch, New Zealand, last Friday.

Utrecht, the Netherlands’ fourth largest city, is known for its picturesque canals and large student population. Gun killings are rare in Utrecht, as elsewhere in the Netherlands.

The Utrecht police said The October 21st square, a tram station stop outside the city center, had been cordoned off as emergency services were at the scene.

(Reporting by Toby Sterling and Anthony Deutsch; Writing by Gareth Jones; Editing by Janet Lawrence)

Source: OANN

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New Hampshire cold case unit solves 5 decade old murder

New Hampshire's Cold Case Unit said Wednesday it has solved its oldest crime, the 52-year-old shooting death of an auto repair shop worker, and said the man who did it killed himself years later.

On Sept. 1, 1966, Everett Delano, 49, was shot three times in the head while working at Sanborn's Garage in Andover. Money was missing from the cash drawer. A bathroom sink faucet was left running. Investigators found fingerprints, which they preserved. Photos of the prints were sent to FBI. But after an extensive investigation, the case stalled.

The cold case unit reopened the Delano case in 2013 after being contacted by his daughter, Darlene Delano. Its report released through the attorney general's office said the case hadn't been identified when the unit was organized in 2009.

"There was a very long time our family didn't know if we would ever receive the answers about what happened that day," Darlene Delano said in a statement on behalf of the family. "Today, our family has the long overdue answers we have been waiting for."

During their review, investigators discovered that the fingerprints hadn't been entered into the FBI's Automated Fingerprint Identification System, which wasn't fully operational in 1966. New Hampshire's state police forensic laboratory began using the database in 1998.

The prints identified a match in 2013: Thomas Cass, 67, of Orleans, Vermont. Cass, who was 20 in 1966, had a criminal record, including convictions for robbery, assault, escape, theft, and burglary, in Massachusetts, Vermont, and New Hampshire.

The report said Cass denied any knowledge of the Delano case when investigators first visited him that year, but he voluntarily provided a DNA sample.

The report said in February 2014, investigators saw Cass again and told him that forensic evidence had been found that linked him to Delano's murder. They didn't tell him what it was. Cass said he had never been to Sanborn's Garage and requested a lawyer. Immediately after the interview, police conducted a search warrant at his home. No weapons were found.

Four days later, investigators learned that Cass had died of a self-inflicted gunshot wound to the head. A woman he lived with had called 911, saying he believed that police were coming to arrest him in relation to a cold case investigation.

She told police that after they first visited in 2013, Cass had changed his will to make her the beneficiary of her estate. She also said after he had been accused of the crime, he told her he didn't do it, but also said, "you never talk about something that has no statute of limitations." She also said Cass had made comments about never going back to prison.

"The evidence derived from this investigation, and all of the reasonable inferences that can be taken from that evidence, establish beyond a reasonable doubt that Mr. Cass shot and killed Mr. Delano," the report said.

Source: Fox News National

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Prosecutors target officer’s report of noise before shooting

Prosecutors in the case of a Minneapolis police officer who shot an unarmed woman have been hammering away at what could be a key element of Mohamed Noor's defense — that he heard a loud slap against his police SUV that stirred fears of an ambush.

The prosecution has tried to raise doubts about whether that slap occurred and attacked officers and investigators for apparent missteps, noting that police at the scene turned body cameras on and off at will, did not share information and possibly disturbed evidence, according to court testimony.

Noor, 33, is on trial for murder and manslaughter in the July 15, 2017, death of Justine Ruszczyk Damond, a 40-year-old dual citizen of the U.S. and Australia who reported a possible sexual assault in the alley behind her home. She was shot after she approached the vehicle.

One point of contention is whether Damond slapped the SUV, causing a thump that Noor's partner, officer Matthew Harrity, testified scared him so much that he drew his weapon. Defense attorneys for Noor have said he also heard a loud bang on the squad car, but prosecutors have suggested the slap was concocted. They insist the officers faced no threat.

Harrity testified that he did not tell anyone about the thump on the night of the shooting. The first time he spoke about a noise was three days later, when he sat down for an interview with his attorney and state investigators. But somehow, the notion that Damond slapped the car made its way into a search warrant affidavit hours after the shooting.

"There was a conspicuous absence of information," Chris Olson, assistant agent in charge of the state Bureau of Criminal Apprehension, testified this week.

As he was trying to figure out what happened, Olson said, the scene's incident commander, Minneapolis police Sgt. Shannon Barnette, told him she had a brief conversation with Harrity, and that it sounded like Damond had made contact with the car. Olson gave contradictory testimony about whether he or Barnette first suggested that Damond slapped the car, and how that information was passed on to another BCA investigator who crafted the search warrant.

Bradford Colbert, a law professor at Mitchell Hamline School of Law in St. Paul, said that under law, Noor had a right to use deadly force to protect himself or others. For prosecutors, Colbert said, the preferred narrative would be that Damond was shot after merely appearing at the window. For the defense, it would be better if Damond slapped the car, creating the loud, startling noise.

"I can see why the state would be arguing or trying to convey that there was no slap," he said.

Jennifer Kostroski, a BCA latent print examiner, testified there was no forensic evidence to show Damond touched the squad car. But under questioning from the defense, she said knuckles or a backhand slap would not leave prints.

Other witnesses said the squad car was partially dusted for fingerprints — but not entirely — then sent to be washed just hours after the shooting.

"They certainly could've handled it better," said Marsh Halberg, a Minneapolis defense attorney who is not connected to the case. He stopped short of saying investigators made mistakes, but said, "in hindsight, I think everyone could agree things could've been done more smoothly, more thoroughly, more independently."

Representatives of the Minneapolis Police Department and the state BCA said they could not comment.

The trial has revealed other apparent missteps by investigators. Some Minneapolis police officers turned their body cameras on and off, so it's possible that key statements went undocumented. One officer was not told that Noor fired from inside the vehicle, so he entered the car and possibly disturbed evidence. Another investigator was concerned that Damond had been covered by a sheet, again possibly disturbing evidence.

And, one witness testified, state investigators did not follow up on information about the original 911 call made by Damond, so prosecutors conducted their own investigation. Some officers on the scene did not initially know they were dealing with a police shooting — though body camera video shows Harrity and Noor reported that to the first responding officers.

Barnette testified last week that she did not speak with Noor about the shooting that night, acknowledging on the witness stand that if she had, he might have provided different information than his partner.

Colbert said it's possible the state is raising these issues in an attempt to show that "everybody knew this went down wrong," and police responded by going into cover-up mode.

"If it was just simply an accident, you wouldn't go to those lengths. That seems to me to be the state's strategy," Colbert said, adding that prosecutors seem be trying to show that police "knew from the get-go that this is wrong, and they are just trying to cover their tracks."

___

Check out the AP's complete coverage of Mohamed Noor's trial.

Source: Fox News National

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Global sovereign debt to jump to $50 trillion – S&P Global

The S&P Global logo is displayed on its offices in the financial district in New York
The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid

February 21, 2019

LONDON (Reuters) – Another jump in borrowing by governments will take the global mountain of sovereign debt to $50 trillion this year, ratings agency S&P Global forecast on Thursday.

The firm predicted sovereigns will borrow an equivalent of $7.78 trillion this year, which would be up 3.2 percent on 2018.

“Some 70 percent, or $5.5 trillion, of sovereigns’ gross borrowing will be to refinance maturing long-term debt, resulting in an estimated net borrowing requirement of about $2.3 trillion, or 2.6 percent of the GDP of rated sovereigns,” said S&P Global Ratings credit analyst Karen Vartapetov.

The rise in the total debt stock to $50 trillion would be a 6 percent rise on last year having been partly exacerbated by exchange rate swings.

(Reporting by Marc Jones; editing by Helen Reid)

Source: OANN

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Ocasio-Cortez blasts GOP's upcoming ‘bluff-vote’ on Green New Deal

U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., blasted congressional Republicans on Saturday for seeking a “bluff” vote on her proposed Green New Deal -- a move that other Democrats have also derided as a political stunt.

“The GOP’s whole game of wasting votes in Congress to target others ‘on the record’, for leg [legislation] they have no intent to pass, is a disgrace,” Ocasio-Cortez tweeted. “Stop wasting the American peoples’ time + learn to govern. Our jobs aren’t for campaigning, & that’s exactly what these bluff-votes are for.”

The freshman Democrat has touted the Green New Deal as an effort to rid the U.S. of greenhouse gas emissions while generating millions of high-paying jobs. Ocasio-Cortez has called climate change a "generational" issue, describing it as "our World War II" for younger people.

Republicans have mocked the ambitious plan as socialism and cite its price tag that could reach into the trillions of dollars.

It has almost no shot of passing in the Senate, where it would need 60 votes to advance. Senate Majority Leader Mitch McConnell, R-Ky., has scheduled a procedural vote on the plan for Monday, when senators will return after a one-week recess.

“Leader McConnell thinks the Green New Deal is just a resolution, but the Green New Deal is a revolution,” said U.S. Sen. Edward Markey, D-Mass., one the plan’s lead authors. “The Green New Deal has struck a powerful chord in this country, and it is igniting the movement of young people who are ready to make this the organizing issue for their generation.”

The legislation exists as a nonbinding resolution, which would not require the government to do anything. Democrats have yet to deliver details on how to implement the plan or pay for it.

OCASIO-CORTEZ LOOKS FORWARD TO 'REAL VOTE' ON GREEN NEW DEAL AFTER MCCONNELL MANEUVER

By pushing for a vote, McConnell hopes to see how far Democrats are willing to go to align themselves with the party’s new progressive wing.

“Just a good old-fashioned, state-planned economy. Garden-variety 20th-century socialism,” McConnell said in a recent speech. “Our Democratic colleagues have taken all the debunked philosophies of the last hundred years, rolled them into one giant package, and thrown a little ‘green’ paint on them to make them look new.”

“Our Democratic colleagues have taken all the debunked philosophies of the last hundred years, rolled them into one giant package, and thrown a little ‘green’ paint on them to make them look new.”

— Senate Majority Leader Mitch McConnell, R-Ky.

Some Democrats said they plan to vote “present” on the resolution to signal their opposition to what they call a “sham” vote that seeks to quash public debate by blocking public hearings or expert testimony about the consequences of climate change.

In addition to Republicans, several major labor unions also oppose the deal.

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In response to her tweet, some on social media mocked Ocasio-Cortez for being upset that her proposed legislation will get a vote.

“Seems odd to introduce legislation with lots of fanfare if you don’t want it to receive a vote?,” one user wrote.

“This has to be the first time a sitting congressperson has ever advocated for NOT holding a vote on their own ideas,” another tweeted in response.

“Someone seems weirdly upset that the Senate will be voting on their plan," another wrote.

“If planet is in a crisis and this serious proposal (totally not a stunt!) is the only plan to save it, you would think @AOC wd be: 1) thanking McConnell for scheduling a vote & 2) working to get votes to pass it. In fact, shouldn’t she be mad at Pelosi for not doing the same?,” one user tweeted.

The Associated Press contributed to this report.

Source: Fox News Politics

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Woman Arrested For Baring Breast During Va., ERA Protest

A literal-minded activist supporting Virginia's ratification of the Equal Rights Amendment exposed her breast Monday while recreating the commonwealth’s seal, the Richmond Times-Dispatch reported.

Capitol Police in Richmond arrested Michelle Renay Sutherland, 45 — whose address was listed as Florida, and charged her with indecent exposure after giving her a warning, the news outlet reported.

The state seal shows the Roman goddess Virtus, representing the commonwealth, holding a spear and sword with her left foot on the form of Tyranny, represented by the prostate body of a man.

According to the Times-Dispatch, a few passersby appeared uncomfortable when they saw the public display of a naked breast. One GOP lawmaker, Del. Chris Peace, recalled when former Virginia Attorney General Ken Cuccinelli gave his staff lapel pins with Virtus' breast covered, the news outlet reported.

Sutherland, who goes by the name "Sister Leona," is with a group called Radical Matriarchy, and her fellow protester Natalie White of New York City — who was arrested last week outside the office of GOP House Speaker Kirk Cox — is with a group called Equal Means Equal, the news outlet reported. 

The Virginia Senate in January voted to pass a resolution for Virginia to ratify the Equal Rights Amendment, but it died in a state House subcommittee.

ERA supporters said if Virginia were to ratify the amendment it would become part of the Constitution, but opponents argue that the possibility of that has expired, the news outlet reported.

Source: NewsMax America

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Comey ‘will get to testify in the light of day,’ Judiciary Committee chair Lindsey Graham tells Sean Hannity

During his Tuesday night appearance on Fox News' “Hannity,” Judiciary Committee Chairman Sen. Lindsey Graham, R-S.C., vowed to bring former FBI Director James Comey back to Capitol Hill to testify about the origins of the Russia investigation.

“Millions of Americans believe that the top level of the Department of Justice and the FBI, they wanted Clinton to win and Trump to lose," Graham told host Sean Hannity. "They manipulated the law to let her off, manipulated the facts and the law to go after Trump and that’s a big deal to a lot of people.

“Millions of Americans believe that the top level of the Department of Justice and the FBI, they wanted Clinton to win and Trump to lose."

— U.S. Sen. Lindsey Graham, R-S.C., chairman, Senate Judiciary Committee

“So I promise you," Graham continued, "former Director Comey will get to testify in the light of day. I’ll ask him about the dossier. Was it the chief reason you got a warrant against Carter Page, is it verified to this day? If there was a counter-intelligence investigation opened against the Trump campaign, why didn’t you tell Trump about it so he could do something, like you told Feinstein?

"And at the end of the day," the senator added, "how could you write that Clinton did nothing wrong even before you interviewed her, and why did you interview her with two people in the room -- her aides -- and not under oath? Most people don’t get that treatment."

"Why did you interview [Clinton] with two people in the room -- her aides -- and not under oath? Most people don’t get that treatment."

— U.S. Sen. Lindsey Graham, R-S.C., chairman, Senate Judiciary Committee

Graham then clarified the parameters of his role in leading the judiciary committee.

“It’s not my job to find out if crimes were committed," he said. "It’s my job [to provide] oversight of the executive branch. Did they bend the rules, did the break the rules to get an outcome? Did they mislead the FISA court, do we need to change the rules about FISA courts?”

“Are there any rules at all about counter-intelligence operations? Why did you not tell Trump? You told Feinstein she had somebody on her staff working with China, why didn’t you go to Trump to tell him about suspicions about Russia? Was it a backdoor attempt to get into his campaign?”

CLICK HERE TO GET THE FOX NEWS APP

Graham repeated his call for a special prosecutor to investigate the investigators.

“Some prosecutor, not a politician, needs to look at Comey, [former FBI Deputy Director Andrew] McCabe, and all of these characters to find out if in fact they broke the law,” Graham continued. “I’m hoping Attorney General [William] Barr will assign somebody to this case with the same resources and commitment to look at them as Mueller had to look at Trump.”

Source: Fox News Politics

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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