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Barclays says Bramson boardroom bid could destabilize bank

The logo of Barclays is seen on the top of one of its branch in Madrid
FILE PHOTO: The logo of Barclays is seen on the top of one of its branch in Madrid, Spain, March 22, 2016. REUTERS/Sergio Perez/File Photo

March 19, 2019

LONDON (Reuters) – Barclays on Tuesday urged shareholders to reject activist investor Edward Bramson’s bid for seat on the bank’s board, saying he lacks the necessary experience and has different incentives to other investors.

In its most detailed statement yet on Bramson, who is seeking election to the board at Barclays’ annual general meeting on May 2, the bank said that he is likely seek what it said could be a destabilizing restructuring of the bank.

(Reporting by Lawrence White; Editing by David Goodman)

Source: OANN

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Iran and Pakistan to form joint rapid reaction force at border: Rouhani

FILE PHOTO: Iranian President Hassan Rouhani speaks during a news conference on a visit to Baghdad
FILE PHOTO: Iranian President Hassan Rouhani speaks during a news conference with Iraqi President Barham Salih (not pictured) in Baghdad, Iraq, March 11, 2019. REUTERS/Thaier al-Sudani/File Photo

April 22, 2019

GENEVA (Reuters) – Iran and Pakistan will form a joint quick reaction force to combat militant activity on their shared border, Iran’s President Hassan Rouhani said on Monday during a televised press conference with Pakistan’s Prime Minister Imran Khan.

Khan arrived in Iran on Sunday to discuss security and regional issues, Iranian state TV reported, a day after Islamabad urged Tehran to act against militants behind killings in Pakistan’s Baluchistan province.

Relations between Iran and Pakistan have been strained in recent months, with both sides accusing each other of not doing enough to stamp out militants allegedly sheltering across the border.

“We agreed to increase the security cooperation of the two countries, our border forces, our intelligence forces,” Rouhani said during the conference, which was broadcast live on state TV. “And also to form a joint quick reaction force on the border of the two countries for fighting terrorism.”

Khan said that militant activity at the border could be a source of tension.

“The most important reason why I’m here, Mr. President, is because I felt that the issue of terrorism was going to … increase differences between our countries,” Khan said during the joint press conference. “So it was very important for me to come here and come with our security chief that we resolve this issue.”

A new umbrella group representing various insurgent groups operating in Baluchistan claimed responsibility for an attack on Thursday when 14 passengers were killed after being kidnapped from buses in the province, which borders Iran.

Pakistani Foreign Minister Shah Mahmood Qureshi said on Saturday the training and logistical camps of the new alliance that carried out the attack were based inside Iran and called on Iran to take action against the insurgents.

Shi’ite Muslim Iran says militant groups operate from safe havens in Pakistan and has repeatedly called on Islamabad to crack down on them.

Tehran has stepped up security along its long border with Pakistan after a suicide bomber killed 27 members of Iran’s elite Revolutionary Guards in mid-February in southeastern Iran, with Iranian officials saying the attackers were based inside Pakistan.

The Sunni group Jaish al Adl (Army of Justice), which says it seeks greater rights and better living conditions for the ethnic Baloch minority, claimed responsibility for that attack.

Separately, Rouhani said during the joint press conference that the Islamic Republic is ready to help with Pakistan’s oil and gas needs.

(Reporting by Babak Dehghanpisheh, editing by Louise Heavens)

Source: OANN

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Video: Beto Tells Supporters ‘We Do Not Need Any Walls, There Is No Border Crisis’

Despite daily reports of hundreds of illegal immigrants being arrested every day attempting to cross the Southern border, Democrat presidential candidate Robert “Beto” O’Rourke told an audience during a campaign stop that there is no border problem and building a wall would be a waste of money.

The video, taken in Portsmouth, New Hampshire, shows Beto waving his hands in the air, declaring that the border crisis is actually a manufactured plot to steal land from ranchers.

“We do not need any walls – $30 billion, 2,000 miles long, 30 feet high.” O’Rourke urged.

“It will not be built on the international boundary line, which is the centerline of the Rio Grande River. That wall will be built well into the interior, on someone’s ranch, someone else’s farm, someone else’s home,” he added, without citing a shred of evidence to back the claim.

“You and I will be forced to take their property to solve a problem we do not have.” Beto exclaimed.

O’Rourke’s claim that there is ‘no problem’ will be hard, even for Democrats, to swallow.

U.S. Customs and Border Protection statistics prove that there are tens of thousands of illegal immigrants trying to cross every month, and that the number is rapidly rising.

More than 110,000 people were stopped in January and February alone, according to the figures.

Earlier this month, Department of Homeland Security Secretary Kirstjen Nielsen testified before Congress, warning that close to a million illegal immigrants are expected to attempt to cross the border into the US in 2019 alone, making the situation “truly an emergency.”

USBP reports indicate that there is rampant criminality among those trying to gain access to the country, including sex and drug trafficking.

Even Obama’s former border chief agrees that the situation is dire.

To claim that there is ‘no problem’ in the face of such facts is manifestly asinine.

It indicates that O’Rourke intends to run a campaign entirely focused on opposing any policy advocated by President Trump, rather than one based in reason, logic and fact.

Source: InfoWars

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Fox Poll: Biden, Sanders Top Trump in Hypothetical Race

In an early look at hypothetical 2020 presidential election fields, both former Vice President Joe Biden and Sen. Bernie Sanders, I-Vt., lead President Donald Trump head-to-head, according to Fox News.

Biden leads President Trump in a hypothetical by 7 percentage points (47-40 percent), the voters polled leading candidate. The only other Democrat to lead President Trump in a hypothetic campaign was Sen. Sanders (3 percentage points, 44-4 percent), according to the other poll results.

The poll's leading candidates to win the Democratic primary:

  1. Biden – 31 percent.
  2. Sanders – 23 percent.
  3. Sen. Kamala Harris, D-Calif. – 8 percent.
  4. Former Rep. Beto O'Rourke, D-Texas – 8 percent.
  5. Sen. Cory Booker, D-N.J. – 4 percent.
  6. Sen. Elizabeth Warren, D-Mass. – 4 percent.
  7. Sen. Kirsten Gillibrand, D-N.Y. – 2 percent.
  8. All other candidates are 1 percent or less.

Among the candidates above, only Biden has yet to officially announce his candidacy.

The Fox News poll surveyed 1,002 registered voters – including 403 Democratic primary voters – from March 17-20 with a margin of error of plus or minus 3 percentage points.

Source: NewsMax Politics

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China’s Social Credit System Blocking Tens of Millions of Plane, Train Tickets

China’s social credit system prevented people from buying 17.5 million flights and 5.5 million train tickets in 2018, according to the Associated Press, which obtained a document from the National Public Credit Information Center.

The AP reports that millions were attempting to make travel purchases were blocked because they ended up on the government’s blacklist for social credit offenses. The report didn’t discuss how these people had become “discredited.”

The Communist Party of China (CPC) says the social credit system is an essential component of the Socialist market economic system and the social governance system. Its aim is to encourage trustworthy behavior through a blend of penalties and rewards for citizens to improve a fast-changing society after three decades of economic reform. Offenses can include failure to pay taxes or fines, jaywalking, smoking, shoplifting, or taking drugs. Penalties include restrictions on travel, business, obtaining loans, or access to education. Companies can lose access to low-interest bank loans or be dropped from government contracts.

One government slogan for the scheme says: “Once you lose trust, you will face restrictions everywhere.”


China is implementing a new program that will be able to give you a “social credit” score based on your everyday actions.

The social control system is part of efforts by President Xi Jinping’s Communist regime to use artificial intelligence and surveillance cameras to control more than a billion people.

CPC launched social credit in 2014 and is currently piloting it in multiple cities around China. The system is expected to roll out nationwide by 2020, giving the government control to almost all people and businesses.

Human rights activists warn that social credit is too hard on citizens and might unfairly label people as untrustworthy without telling them.

(Photo by Frédéric BISSON / Flickr)

U.S. Vice President Mike Pence condemned social credit in October as “an Orwellian system premised on controlling virtually every facet of human life.”

AP said some of the offenses last year penalized people for false advertising or violating drug safety rules.

Since inception, the system has caused 3.5 million people to “voluntarily fulfill their legal obligations,” the report said, which included 37 people who paid a total of 150 million yuan ($22 million) in overdue fines or confiscations.

The report gave limited details on how many citizens live in areas where social credit is operating.

In the West, social credit is very controversial and is often portrayed as a futuristic society controlled by the illusion of a perfect society through artificial intelligence and surveillance cameras.


Mike Adams calls upon gun rights advocates to be just as animated about protecting American children from vaccines as they are about guaranteeing U.S. citizens’ their 2nd Amendment rights.

Source: InfoWars

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Pelosi Suffers Humiliating Jeb Bush ‘Please Clap’ Moment

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Source: InfoWars

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Biden Tells Donors, Supporters ‘Money’s Important’

Former Vice President Joe Biden hours ahead of launching his presidential campaign urged top donors and supporters to contribute heavily in the first 24 hours and first week following his announcement.

Biden said world leaders had called him, "almost begging me to do this, to save our country, save the world," according to three sources who spoke with Politico.

"The money's important. We're going to be judged by what we can do in the first 24 hours, the first week," Biden said Wednesday during a conference call with top donors and supporters.

"People think Iowa and New Hampshire are the first test," Biden said. "It's not. The first 24 hours. That's the first test. Those [early states] are way down the road. We've got to get through this first."

Per The Washington Post, Biden, 76, is set to announce his run for president Thursday in a video. He is expected to travel to Pittsburgh, Iowa, New Hampshire, and South Carolina over the next week for campaign events.

Sen. Bernie Sanders, I-Vt., topped Democrats in the fundraising race in the first quarter, bringing in $18.2 million, followed by Sen. Kamala Harris, D-Calif. (nearly $12 million), former Texas Congressman Beto O'Rourke ($9.4 million) and South Bend, Indiana, Mayor Pete Buttigieg (nearly $7 million).

Source: NewsMax America

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

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