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Indonesia nickel boom on track to overshadow palm oil: investment chief

Chief of Indonesia's BKPM Thomas Lembong talks during an interview with Reuters in Jakarta
Chief of Indonesia's Investment Coordinating Board (BKPM) Thomas Lembong gestures as he talks during an interview with Reuters at his office in Jakarta, Indonesia, March 27, 2019. REUTERS/Willy Kurniawan

March 27, 2019

By Ed Davies and Gayatri Suroyo

JAKARTA (Reuters) – Indonesia’s nickel-related industries such as the production of stainless steel and battery materials are set to surpass the value of its second-biggest export earner, palm oil, in the next 10 to 15 years, its investment board chief said on Wednesday.

Southeast Asia’s biggest economy suffered a drop in foreign direct investment last year, but one area that attracted more overseas money was nickel processing, including a $4 billion Chinese-led project to produce battery-grade nickel chemicals to power electric vehicles (EVs).

Indonesia is also set to overtake Japan and India to become the world’s second-biggest producer of stainless steel behind China, when it reaches an industry ministry target of producing 4 million tonnes a year from its main production site at Morowali, on the island of Sulawesi.

“Our palm oil industry is worth about $18 to $20 billion in exports. I could see nickel and its derivatives, stainless steel, carbon steel, lithium-ion battery cells, surpassing that in the next 10 to 15 years,” Thomas Lembong, chief of the Indonesia Investment Coordinating Board, said in an interview.

Indonesia’s large nickel laterite ore reserves – prized for nickel pig iron used in stainless steel production – are also a vital ingredient for lithium-ion batteries used to power EVs.

Developers led by Chinese companies – including stainless steel-maker Tsingshan Holding Group, battery firm GEM Co Ltd and units of lithium battery maker Contemporary Amperex Technology Ltd (CATL) – started building a lithium battery project in Morowali in January.

“Tsingshan is in the lead, but there are at least two other Chinese conglomerates who are catching up to them,” said Lembong, who predicted three to four major manufacturers would eventually emerge in the battery sector.

The industrial park in Morowali and another $10 billion park being built on the island of Halmahera are part of Beijing’s Belt and Road Initiative, but Lembong noted that Tsingshan was also bringing in Japanese investors to take a 40 percent stake.

“To me that’s a great example of where Belt and Road is going. More open, more inclusive, professionalised,” he said.

Indonesia has a history of simmering resentment towards China and a minority ethnic Chinese community so investment from its giant neighbor can be sensitive.

Reports have circulated on social media suggesting the Chinese-led project had brought in a huge influx of Chinese workers, although authorities say only around 3,000 workers are foreign out of nearly 30,000 in Morowali.

“I predict the public will realize the benefits of these investments fast enough to swing public support around to become very supportive of Chinese investment in years to come,” Lembong said.

Indonesia, the second-largest car production hub in Southeast Asia after Thailand, has also been looking to position itself as a global hub for producing and exporting EVs to Asia and beyond.

Indonesia has announced plans to introduce a fiscal scheme that will offer tax cuts to EV battery producers and automakers, as well as preferential tariff agreements with other countries that have a high EV demand.

Industry Minister Airlangga Hartarto said on Feb. 13 that Indonesia aimed for 20 percent of vehicle production to be EVs by 2025, representing about 400,000 vehicles.

The deputy minister for industry, Harjanto, also said last December that Hyundai Motor Co, the world’s fifth-largest automaker, plans to start producing EVs in Indonesia as part of an $880 million auto investment.

Lembong declined to name potential EV investors, saying that “it’s quite a leap” from producing batteries to building EVs, at least until domestic usage grows.

“If you don’t have a large user base of EV, then why bother producing here. But electric cars are not going to take off for as long as diesel and gasoline are subsidized,” he said.

(Reporting by Ed Davies and Gayatri Suroyo; Editing by Tom Hogue)

Source: OANN

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Turkish police tear gas crowd attempting banned Women's Day march

Turkish riot police on Friday fired tear gas to break up thousands of demonstrators who were trying to march for an International Women's Day event that had been banned by authorities.

Officers in full riot gear were ready and in place on Istiklal Street, the city's main pedestrian avenue, when several thousand demonstrators began to gather in the evening in an attempt to show solidarity with similar rallies being held around the world today. The crowd of predominately women challenged the police barricades before being pushed back and subjected to the tear gas.

Police also deployed teams of riot control dogs, who snapped at protestors who swelled toward the police barricades.

"The batons and tear gas are not enough for them, now they're setting dogs on women approaching from side streets," Twitter user Rifat Dogan said in a tweet, as he showed a picture of the dogs.

Turkish authorities have in recent years sharply cut back the number of public demonstrations allowed in Istanbul and other large cities. The government of President Tayyip Erdogan has cited security concerns in banning the marches, but even some of his supporters concede the crackdown reflects his desire to throttle public dissent.

A recent Human Rights Watch report on Turkey noted: "In 2018 there was an increase in arbitrary bans on public assemblies, particularly evident after the end of emergency rule when governors assumed greater powers to restrict assemblies."

Hundreds of people earlier in the day protested against the government's imprisonment of women and children in Syrian penitentiaries. The government has been criticized for widespread jailing of women and children around the country, often done because authorities were unable to find the husbands or other male family members who they were actually looking to take into custody.

Aykan Erdemir, a senior fellow at the Foundation for Defense of Democracies, a Washington, D.C.-based think tank focused on foreign policy, told Fox News: "The Turkish police's brutal crackdown on the International Women's Day celebrations in Istanbul is yet another sign of the growing paranoia of Erdogan, who sees any public demonstration as an attempt to topple him."

"Although last July the Turkish government lifted the state of emergency that it had introduced in the aftermath of the 2016 coup attempt," Erdemir said, "draconian measures restricting freedom of expression and assembly continue to stifle civic action. Turkish women, who feel the brunt of Erdogan's Islamist and patriarchal policies, continue to defy his domination and remain at the forefront of the struggle against the Turkish president's authoritarianism."

Turkish police block protesters wanting to hold a march for the International Women's Day, in Istanbul, Friday, March 8, 2019. The day has been sponsored by the United Nations since 1975 as millions around the world are demanding equality amid a persistent salary gap, violence and widespread inequality. (AP Photo/Emrah Gurel)

Turkish police block protesters wanting to hold a march for the International Women's Day, in Istanbul, Friday, March 8, 2019. The day has been sponsored by the United Nations since 1975 as millions around the world are demanding equality amid a persistent salary gap, violence and widespread inequality. (AP Photo/Emrah Gurel)

A women at the march named Ulker was quoted by the international news service Agence France-Presse (AFP) as saying: "Take a look at this. Here is the bitter truth: There is a system, there is a state that is scared of us. I condemn this. 'We are not silent, we are not scared."

Marchers displayed banners that said such things as "Feminist revolt against male violence, and poverty" and "I was born free and I will live free," according to AFP. Others chanted: "We are not silent, we are not scared, we are not obeying."

The violence at the women's march in Turkey came just one day after the Umut (Hope) Foundation, a prominent non-profit organization that focuses on gun control, issued a report showing that 477 women in the country were killed and 232 injured by men last year, according to the Hurriyet Daily News.

The news outlet noted that women's rights organizations place much of the blame for violence against women on Turkish authorities, saying they fail to address the conditions that underlie the problem.

"In Turkey, violence against women is very high," one woman, Gulsah, said to AFP at the march. "The government is doing nothing to stop it. That's all we can do: to come here and speak up."

The Human Rights Watch report on Turkey said that last year among the many oppressive actions against demonstrators included one targeting women.

"The Interior Minister," the report said, "banned the long-running peaceful weekly vigil at a central location in Istanbul by the Saturday Mothers, relatives of victims of enforced disappearances seeking accountability. Police violently dispersed and briefly detained 27 of the organizers."

Fox News reporter Hollie McKay and The Associated Press contributed to this report.

Source: Fox News World

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May’s Brexit deal is where I hope we end up, British minister says

Britain's Secretary of State for Education Damian Hinds is seen outside Downing Street in London
Britain's Secretary of State for Education Damian Hinds is seen outside Downing Street in London, Britain, March 25, 2019. REUTERS/Hannah Mckay

April 2, 2019

LONDON (Reuters) – Prime Minister Theresa May’s Brexit deal remains by far the best option for Britain’s exit from the European Union, Education Secretary Damian Hinds said on Tuesday.

“The government’s negotiated deal is the best balance and I hope and expect that is still where we will end up,” Hinds told BBC television. “Its still the best option, its still the best option actually by far.”

He said a no-deal Brexit was not an “optimal outcome”.

(Reporting by Guy Faulconbridge; editing by Michael Holden)

Source: OANN

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Twelve Western nations urge Romania to ditch judicial changes

Romanian Prime Minister Dancila delivers a speech during a debate at the European Parliament in Strasbourg
Romanian Prime Minister Viorica Dancila delivers a speech during a debate on the priorities of the Romanian presidency of the E.U. for the next six months, at the European Parliament in Strasbourg, France, January 15, 2019. REUTERS/Vincent Kessler

April 3, 2019

BUCHAREST (Reuters) – Twelve Western nations urged Romania on Wednesday to scrap two planned emergency decrees altering judicial legislation, in a rare joint intervention that underlined U.S. and EU alarm over the threat to the rule of law in the former communist nation.

The embassies’ joint statement coincided with a warning from the European Commission in Brussels saying it would take swift action against Romania if it failed to address its concerns over the independence of the judiciary.

Romania’s ruling Social Democrats want to reduce the statute of limitations covering several offences, a move which would automatically shut down a number of ongoing corruption cases.

They have also backed a second decree that would allow politicians and others convicted of graft since 2014 to retroactively challenge the verdicts handed down by the supreme court.

“The expected changes carry the risk of breaching common values,” the embassies of Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Netherlands, Norway, Sweden and the United States said in their joint statement.

“Furthermore, they might have a lasting negative effect on the country´s economic development.”

The decrees “apparently under discussion have the potential to impact on the independence of Romania’s judiciary, which would undermine Romanians’ and partners’ trust in the justice system, and in Romania’s government as well”, they said.

The decrees would benefit several high-level politicians, including Social Democrat leader Liviu Dragnea, who was unable to become prime minister due to a 2015 suspended jail term imposed in a vote-rigging case.

His appeal against a second conviction for inciting others to commit abuse of office in a separate case is nearing an end, with the next court date scheduled for April 15.

The decrees would be a culmination of a series of legislative and personnel changes the Social Democrats have made since they took power two years ago that are seen as threats to judicial independence and could further heighten EU concerns about democratic values in some of its eastern states.

Responding to the ambassadors’ appeal, Prime Minister Viorica Dancila said: “I would like to remind [them] that I have a direct dialogue with my counterparts. Ambassadors don’t make the prime minister’s agenda in … any state.”

Transparency International ranks Romania among the European Union’s most corrupt states and Brussels, which keeps its justice system under special monitoring, has praised magistrates for their efforts to curb graft.

(Reporting by Luiza Ilie; Editing by Gareth Jones)

Source: OANN

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Broncos CB Harris a no-show at workouts

FILE PHOTO: NFL: Pro Bowl
FILE PHOTO: Jan 27, 2019; Orlando, FL, USA; AFC cornerback Chris Harris Jr. of the Denver Broncos (25) prior to the game against the NFC in the NFL Pro Bowl football game at Camping World Stadium. Mandatory Credit: Steve Mitchell-USA TODAY Sports

April 2, 2019

The Denver Broncos began their offseason workout program Tuesday without Pro Bowl cornerback Chris Harris Jr.

The conditioning program is voluntary, but Harris’ absence is noteworthy because the eight-year veteran has never previously skipped a voluntary workout.

The Broncos exercised their $1 million option on Harris last month and the 29-year-old has one year and $7.8 million remaining on his contract. His no-show most likely indicates he wants to see his contract extended sooner rather than later.

Denver general manager John Elway said at the Scouting Combine that the team would wait until after the draft to consider an extension for Harris.

“That has not been thought about just yet,” Elway told the Denver Post at that time. “We’ll see where things go.”

A four-time Pro Bowl selection and 2016 First Team All-Pro, Harris has appeared in 123 regular-season games (105 starts) since 2011 with 471 tackles, 19 interceptions and four touchdowns. He has also been in nine playoff games, including the Super Bowl 50 victory against Carolina.

Harris tallied 49 tackles, three interceptions, one sack and one TD in 12 games last season. He broke a bone his leg in early December and missed multiple games for the first time in his career.

According to Denver’s 9News.com, Harris’ 2019 salary ranks 29th among NFL cornerbacks. Thirteen corners will make at least $10 million, including former teammate Bradley Roby, now with the Houston Texans, and new teammate Kareem Jackson, who is 31.

–Field Level Media

Source: OANN

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Refugees in Egypt struggle to live as economic hardships deepen

Syrian refugee Ahmad al-Khatib sits with his wife Ilham Mohammad and his daughter Walaa in their home in Cairo
Syrian refugee Ahmad al-Khatib sits with his wife Ilham Mohammad (L) and his daughter Walaa in their home in Cairo, Egypt April 8, 2019. Picture taken April 8, 2019. REUTERS/Mohamed Abd El Ghany

April 10, 2019

By Lena Masri

CAIRO (Reuters) – Syrian refugee Ahmad al-Khatib and his 16-year-old son both work as tuk-tuk drivers in Cairo, but it is not enough to pay the bills.

Tough economic reforms and rising costs have hit refugees and migrants in Egypt particularly hard, aid groups say.

Help from a charity is the only way Khatib can cover the family’s rent. He also borrows cash from friends.

“How am I going to repay them?” he asked.

More than 77 percent of Syrian families in Egypt were in debt in 2017, up from 73 percent the year before, according to unpublished data seen by Reuters from a UNHCR survey of more than 100,000 Syrians.

Nearly 93 percent of families were unable to repay the loans, up from 81 percent in 2016, the year Egypt devalued its currency as part of an IMF loan deal.

Egypt has much smaller refugee populations than Jordan, Lebanon and Turkey, where most of those displaced by Syria’s war have fled. But refugees and asylum seekers reside in Egyptian communities rather than camps, and those without means are directly exposed to economic hardships.

Nearly 250,000 registered refugees and asylum seekers live in Egypt, more than half of them Syrian.

Khatib, 58, suffers from multiple illnesses, including a prostate infection, but cannot afford all the treatments he needs. He usually eats just one meal a day to cut costs.

AUSTERITY MEASURES

Arrivals of refugees and asylum seekers have surged, with about a 25 percent increase registered over the past two years, UNHCR data shows.

Since 2016 Egypt has also prevented large numbers of migrants and refugees from leaving by boat toward Europe, efforts that have been praised by the European Union, but this, combined with the increase in arrivals, have left many stranded in some of Egypt’s poorest neighborhoods.

The Egypt State Information Service could not immediately be reached for comment, but Egypt has previously said that the country’s treatment of refugees is exemplary because they can access services such as healthcare without discrimination and live freely among the Egyptian people.

Economic reforms have not only made life more difficult for Syrians. The International Organization for Migration says requests for assistance with housing costs, medical expenses and returns started to increase in June and have more than doubled since September. The majority come from Sudanese and Ethiopians.

“We believe it’s a consequence of economic reforms and the cut of gas subsidies, which has led to an increase in basic goods costs,” said Laurent De Boeck, IOM’s head in Egypt.

Austerity measures mean Egyptian landlords are stricter collecting rent, he said. Migrants mainly work in the informal sector and some poor Egyptians now view them as competitors, he added.

When Hala Bekdash fled shelling in her native Syria and brought her children to Egypt in 2012, life in their new country was affordable.

But during the past two years prices have rocketed and the family’s bills have doubled, the 32-year-old said.

Bekdash, who works long hours as a teacher, cannot afford to renew her expired passport, which means she cannot renew her Egyptian residency either, resulting in a fine she does not know how to pay.

But she does not want to return to Syria, where her husband would risk being conscripted.

“The building we lived in and where we had our shop was destroyed,” she said. “We have nothing left in Syria.”

(Reporting by Lena Masri; Editing by Aidan Lewis and Alison Williams)

Source: OANN

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Woods within striking distance of fifth Green Jacket

Third round play of the Masters at Augusta National
Golf - Masters - Augusta National Golf Club - Augusta, Georgia, U.S. - April 13, 2019 - Tiger Woods of the U.S. walks up to the 18th green during third round play. REUTERS/Jonathan Ernst

April 13, 2019

By Andrew Both

AUGUSTA, Ga. (Reuters) – Tiger Woods shot his best score at Augusta National since 2011, a five-under-par 67 that lifted him within two strokes of leader Francesco Molinari after the third round at the Masters on Saturday.

Woods parlayed his 54-hole lead into victory in 2005, but he has not since added to his collection of four Green Jackets, despite coming close several times in the ensuing decade-plus.

He will start Sunday’s final round joint second with fellow American Tony Finau, while Molinari will be the man to catch at 13-under 203.

The Italian is unlikely to be intimidated, after staring down and overtaking Woods en route to winning last year’s British Open at Carnoustie, where they were paired in the final round.

A victory on Sunday would be Woods’ fifth, leaving him second behind six-times champion Jack Nicklaus.

Arnold Palmer also had four victories.

Woods has been stuck on 14 major titles since the 2008 U.S. Open, and the early holes on Saturday offered little inkling of the fireworks ahead.

Four pars followed by a bogey at the difficult newly-lengthened fifth left him languishing at five-under-par.

For a time he failed to join the birdie party in benign condition on a course where marshmallow greens allowed for players to fire fearlessly at the pins.

But a 20-foot birdie at the sixth sparked his round as the 43-year-old quickly climbed up the leaderboard by picking up further shots at the next two holes.

Not that he was perfect over the middle holes.

He pushed his drives at the par-four ninth and 11th holes, but both times fortunately found a clear opening and had no trouble threading a recovery between the Georgia pines and saving par.

But his biggest piece of luck came at the par-five 13th, where he hooked his drive so far left that the ball seemed more likely to end up in adjacent Augusta Country Club than stay in Augusta National. But it hit a tree and fell to earth right of Rae’s Creek tributary, in the clear in light rough.

He took advantage of the break, punching his second shot to wedge range and then skipping his next up to set up a birdie.

Further birdies followed at the par-five 15th and par-three 16th.

(Reporting by Andrew Both, editing by Pritha Sarkar)

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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Source: InfoWars

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DNA Force Plus

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149.95

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149.95

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Source: InfoWars

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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