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Swedbank shares fall further as money laundering worries persist

FILE PHOTO: File photo shows Swedbank's logo on its Lithuanian headquarters in Vilnius
FILE PHOTO: Swedbank's logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, in this May 10, 2014 file photo. REUTERS/Ints Kalnins/File Photo

February 21, 2019

STOCKHOLM (Reuters) – Swedbank’s shares opened 4 percent lower on Thursday, adding to heavy losses from a day earlier when a report linked one of the biggest lender in the Baltic countries to a regional money laundering scandal involving Danske Bank.

Danske is being investigated in five markets over some 200 billion euros ($226 billion) of suspicious payments from Russia, ex-Soviet states and elsewhere that were found to have flowed through its Estonian branch to the West.

Swedish TV said on Wednesday that documents showed at least 40 billion Swedish crowns ($4.30 billion) had been transferred between accounts at Swedbank and Danske in the Baltics between 2007 and 2015, prompting Estonia to investigate the allegations.

(Reporting by Esha Vaish in Stockholm; Editing by Johan Ahlander)

Source: OANN

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The bump stock ban is just days away; what will owners do?

Bump stocks — the attachment used by the killer during the 2017 Las Vegas massacre to make his weapons fire rapidly like machine guns — will become illegal in the U.S. next week.

It's the only major gun restriction imposed by the federal government in the past few years.

Owners of the devices are anxiously watching the legal wrangling and wondering what to do. Their options are to destroy the devices, turn them over to federal authorities or risk getting caught and face a felony.

Federal authorities have estimated there may be as many as 500,000 in circulation.

Source: Fox News National

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Machado says Padres were the complete package

MLB: San Deigo Padres-Manny Machado
Feb 22, 2019; Peoria, AZ, USA; San Diego Padres third baseman Manny Machado (13) answers questions from the media during an introductory press conference at the Peoria Sports Complex. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports

February 22, 2019

Manny Machado was unveiled at an introductory press conference on Friday and expressed how thrilled he is to be a member of the San Diego Padres.

Machado received a 10-year, $300 million deal to sign with the Padres but it was more than the big pile of cash that swayed his decision.

“I liked the game plan, from ownership to front office to the coaching staff to the players,” Machado said during a press conference in Peoria, Ariz. “The whole ‘shabam’ was so perfect.”

One of the revelations from Machado is that he is perfectly fine playing third base for the Padres.

Machado was vocal last season about how he intended to play shortstop. But while doing his homework, he understood that San Diego that has one of the top prospects in the majors on the fast track in shortstop Fernando Tatis Jr.

“That was definitely a big part of our conversation, face to face,” Padres general manager A.J. Preller said. “The biggest thing he kept coming back to was wanting to win. He said, ‘If your best club is someone else at shortstop … I’m open to playing third base.'”

Machado recalled the tutelage he got from former Baltimore Orioles shortstop J.J. Hardy when he was on the verge of reaching the majors in 2012.

“I’m just coming here, playing third base, trying to help him out like J.J. Hardy helped me out when I got called up,” Machado said. “He was a big influence. I got my (first) Gold Glove because of J.J. having that influence. Hopefully I can do the same for (Tatís).”

Machado was a four-time All-Star with Baltimore and won two Gold Glove Awards. He has topped 30 homers in each of the past four seasons and matched his career high of 37 last season when he split time between the Orioles and Los Angeles Dodgers.

The 26-year-old Machado already has 175 career homers and feels the best is about to come.

“This is just the beginning,” Machado said. “Obviously, I have put up consistent numbers as everyone knows, but at the end of the day it’s about winning games. I know the production is going to be up there. I’m going to bring it every day.

“But at this point in my career, it’s about the numbers and helping your team win, but helping others out around you makes everyone else better … makes the team better … makes the whole organization better.”

Machado’s mood dipped when a reporter asked about the “Johnny Hustle” controversy from last year’s postseason, as well as a situation where he nearly stepped on the foot of Milwaukee first baseman Jesus Aguilar.

Machado’s lack of hustle was called out by a wide range of people from industry experts to fans on social media.

“Things are going to happen,” Machado said. “You kind of just leave that in the past. You address it at the moment and move forward from there.”

–Field Level Media

Source: OANN

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Bodycam footage may be shown at Minneapolis officer’s trial

Prosecutors may introduce body camera video as early as Wednesday in the trial of a former Minneapolis police officer who shot and killed an unarmed woman.

Mohamed Noor, who shot and killed Justine Ruszczyk Damond as she approached his squad car after calling 911, was reacting to a loud noise and feared an ambush, his attorney said Tuesday, calling the shooting "a perfect storm with tragic consequences."

Noor and his partner were rolling down a dark alley in response to a call from Damond, a dual citizen of the U.S. and Australia, who contacted police about a possible sexual assault. That's when a bicyclist appeared in front of them and they heard "a bang," defense attorney Peter Wold said in his opening statement at Noor's trial on murder and manslaughter charges.

"It is the next split second that this case is all about," Wold said.

Noor fired a single shot, killing Damond, whose death rocked both countries and led to changes in the Minneapolis Police Department. The shooting came just two weeks after an officer in New York was ambushed and killed in a parked vehicle.

Attorneys for Noor, who was fired after being charged in the case and has never talked to investigators about what happened, argued that he used reasonable force to defend himself and his partner from a perceived threat. But prosecutors say there is no evidence he faced a threat that justified deadly force.

Prosecutor Patrick Lofton, in his opening remarks, questioned a statement from Noor's partner, Matthew Harrity, that he heard a thump right before the shooting. Lofton said Harrity never said anything at the scene about such a noise, instead mentioning it for the first time some days later in an interview with investigators.

Investigators found no forensic evidence to show that Damond had touched the squad car before she was shot, raising the possibility that she had not slapped or hit it upon approaching the officers, Lofton said.

Neither Noor nor Harrity had their body cameras on until after the shooting, and there was no squad car video. Other officers who responded to the scene did not consistently have their cameras switched on either, Lofton said.

A sergeant taking statements had her camera on when she talked to Harrity, but it was off when she talked to Noor.

"We'll never hear what he said," Lofton said.

Damond, 40, was a life coach who was engaged to be married in a month. Noor, 33, is a Somali American whose arrival on the force just a couple of years earlier had been trumpeted by city leaders working to diversify the police force.

Damond called 911 twice that night, then called her fiance and hung up when police arrived, Lofton said. One minute and 19 seconds later, she was holding her wounded abdomen and saying, "I'm dying," Lofton added.

Prosecutors charged Noor with second-degree murder, third-degree murder and second-degree manslaughter.

Damond's fiance, Don Damond, was the first witness for prosecutors. Damond sobbed as he described calls from investigators the night of Justine's death, saying he wasn't told an officer had shot her until a second phone call.

He said calling Justine's father in Australia was "painful, and traumatic, and the worst phone call I've ever had to make in my life." Members of Justine's family from Australia, including her father, stepmother, brother and sister-in-law, were in the courtroom Tuesday. Her father cried during portions of Damond's testimony.

Justine Damond had taken her fiance's name professionally before their marriage.

Earlier Tuesday, Hennepin County District Judge Kathryn Quaintance relented on restrictions that would have prevented the public and media from viewing video evidence introduced in the case. That's expected to include body camera video that shows efforts to save Damond. Quaintance had cited a desire to protect Damond's privacy, but a coalition of media groups including The Associated Press had challenged the ban.

"The court, like the jury, must follow the law — even if I disagree with it," Quaintance said.

Noor's attorneys have not said whether he will testify. If he does, prosecutors may be able to introduce some evidence that the defense wanted to keep out of the state's case, including that he has refused to talk to investigators. They also could bring up a 2015 psychological test that showed Noor disliked being around people and had difficulty confronting others. Despite that test, a psychiatrist found him fit to be a cadet officer.

The shooting raised questions about Noor's training. The police chief defended Noor's training, but the chief was forced to resign days later. The shooting also led to changes in the department's policy on use of body cameras.

___

Follow Amy Forliti on Twitter: http://www.twitter.com/amyforliti

___

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

Source: Fox News National

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U.S. advances review of Musk’s Baltimore-Washington tunnel project

FILE PHOTO: The Boring Company shows off their first tunnel in Hawthorne, California
FILE PHOTO: Electric locomotives and tunnel boring equipment are displayed before an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, U.S.,December 18, 2018. Robyn Beck/Pool via REUTERS/File Photo

April 17, 2019

By David Shepardson

(Reuters) – The U.S. Transportation Department on Wednesday issued a draft environmental assessment for a Washington, D.C. to Baltimore tunnel that would carry passengers between the cities at high speeds in autonomous electric vehicles, the first step in a joint federal-state review of the Elon Musk project.

Musk’s Boring Co has proposed a privately funded 35.3-mile “loop project” that would include twin underground tunnels transporting passengers at speeds of up to 150 miles per hour.

The company says passengers would be able to travel from downtown Washington to Baltimore in as little as 15 minutes.

Musk, who also leads electric vehicle maker Tesla Inc and rocket company SpaceX, is seeking to revolutionize transportation by digging tunnels, including one that would connect downtown Chicago and the city’s main airport.

The draft assessment is an “early milestone in the environmental review and permitting process,” the Transportation Department said, adding it will be open for public comment for 45 days. Then the Federal Highway Administration and Maryland Department of Transportation will review comments and decide if a formal environmental impact statement is necessary.

Final governmental approvals will depend on the outcome of the review and officials noted “operational safety issues will be addressed in future studies, as will the ultimate engineering and design details.”

The tunnel route would largely follow the right-of-way under the Baltimore Washington Parkway and the proposed station terminals would be located on New York Avenue northwest of Washington’s Union Station and in the Camden Yards area in downtown Baltimore.

The loop project is separate from hyperloop proposals, which involve ultra-high speed, fixed intercity transportation systems in which passengers are transported in pressurized capsules that operate in sealed partial-vacuum tubes at 600 miles per hour or faster, the department said. Boring says the loop tunnels would be compatible with hyperloop requirements and the loop tunnels could eventually be part of the faster system.

The Transportation Department said tunnel activity will take place at an average of 30 feet below ground and the draft review addresses noise or vibration impacts at surface level, which according to the proposal are expected to be “minimal, subject to further design and engineering analysis.”

Last year, Chicago selected Boring to build a $1 billion underground transit system to take people from Chicago’s downtown Loop district to O’Hare International Airport.

The Chicago project’s fate is up in the air and Boring has yet to sign a contract with the city to build the tunnels.

Boring did not immediately comment Wednesday but has said the East Coast tunnel “would serve as the central artery for a potential future transportation network which would hopefully be extended to New York.”

Boring says it would take between 12 and 20 months to dig the tunnels and would include up to 70 ventilation shafts/emergency exits on private property adjacent to the alignment.

(Reporting by David Shepardson; Editing by Steve Orlofsky)

Source: OANN

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Advantage Lithium replaces CEO in wake of college admissions scandal

FILE PHOTO: Students walk on the campus of Yale University in New Haven, Connecticut
FILE PHOTO: Students walk on the campus of Yale University in New Haven, Connecticut November 12, 2015. REUTERS/Shannon Stapleton/File Photo

March 14, 2019

By Ernest Scheyder and Cassandra Garrison

(Reuters) – Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal.

The company has named board member Callum Grant, an engineer by training, as interim president and said it would move forward with plans to develop an Argentine lithium deposit.

Sidoo also stepped down as president and CEO of Vancouver-based East West Petroleum on Thursday.

Sidoo, 59, was arrested last Friday and charged with conspiracy to commit fraud for allegedly paying $200,000 to the scam’s accused mastermind, William “Rick” Singer, to arrange for people to take the SAT admissions test for his two sons, according to U.S. court documents reviewed by Reuters.

Sidoo plans to travel to a Massachusetts court to face the charges, according to his attorney, Richard Schonfeld, who requested that “people don’t rush to judgment in the meantime.”

Lithium is a key ingredient in electric vehicle batteries and a plethora of smaller miners have launched projects in recent years to supply the white metal to Tesla Inc, Volkswagen AG and other automakers.

Ford Motor Co, the second-largest U.S. automaker, said earlier this week it was considering inking supply deals with a lithium producer.

Canada-based Advantage Lithium has undertaken a series of engineering studies necessary to move forward on development of its Cauchari lithium deposit, though it has yet to say when the project could come online.

Sidoo had been actively meeting with investors, analysts, regulators and others to promote the company. It was not immediately clear how his exit would affect development plans.

“All plans are the same to put Advantage into production at some point,” spokesman Max Sali told Reuters on Thursday.

Orocobre, Advantage Lithium’s largest shareholder, acknowledged Sidoo’s temporary leave of absence in a statement.

The company’s Argentine project is located near similar projects run by Lithium Americas Corp and Orocobre.

(Reporting by Ernest Scheyder and Cassandra Garrison; Additional reporting by Nia Williams and Rama Venkat in Bengaluru; editing by Richard Chang)

Source: OANN

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Australia government delivers tax cuts, surplus in pre-poll budget

Treasurer Josh Frydenberg poses for a photograph with Minister for Finance Mathias Cormann with the 2019 Budget papers ahead of Budget 2019 at Parliament House in Canberra
Treasurer Josh Frydenberg poses for a photograph with Minister for Finance Mathias Cormann with the 2019 Budget papers ahead of Budget 2019 at Parliament House in Canberra, Australia, April 2, 2019. AAP Image/Lukas Coch/via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVE. AUSTRALIA OUT. NEW ZEALAND OUT. NO COMMERCIAL OR EDITORIAL SALES IN NEW ZEALAND. NO COMMERCIAL OR EDITORIAL SALES IN AUSTRALIA.

April 2, 2019

By Colin Packham and Swati Pandey

CANBERRA, (Reuters) – Australia’s conservative government on Tuesday proposed tax cuts for low and middle-income earners and record spending on health and education while delivering the first budget surplus in more than a decade, setting up its campaign for an imminent election.

Treasurer Josh Frydenberg offered A$158 billion ($112 billion) in tax cuts over the next decade primarily aimed at middle-income earners, on top of tax cuts of A$144 billion last year, as the coalition government, which is trailing in opinion polls, tries to win over voters.

An election must be held by mid-May and could be called as soon as this week.

“We will ask the Australian people: “Who do you trust to deliver lower taxes?”,” Frydenberg told a media conference.

“The coalition has the track record of delivering.”

Frydenberg predicted a budget surplus of A$7.1 billion in the fiscal year ending June 2020, up from a December forecast of a A$4.1 billion surplus, as higher export receipts and tax revenues boost government coffers.

If achieved, it would be the first surplus since 2007/08, before the global financial crisis hit.

The projected surpluses increase to A$11 billion in 2020/21 and A$17.8 billion in 2021/22 before easing to A$9.2 billion in 2022/23.

Offering potential swing voters an immediate dividend, the government said it will double the tax rebate for people earning between A$48,000-A$90,000 a year to A$1,080 in the current fiscal year.

Budget papers showed the cost of the tax cuts out to 2021/22 would be A$15 billion.

Frydenberg also proposed changes in future years that would see income bands widened and tax rates reduced to deliver personal tax cuts.

The government would accelerate tax cuts for small businesses, it said, with the tax rate for businesses with turnover of less than A$50 million cut to 25 percent in 2021/22.

SPENDING

The strong inflows into government coffers meant Frydenberg could increase spending on healthcare, a strength of the opposition Labor party, to a record A$89.5 billion in 2022/23. That is up nearly 10 percent on expected spending in 2019/20.

The government would spend A$100 billion on infrastructure over the next decade to reduce congestion and improve links between Australia’s cities and regional towns, a lot of which has already been announced.

Spending on rural infrastructure was forecast to rise by nearly 30 percent, with A$4.5 billion to be spent on building roads in country areas, the major support base of the ruling coalition’s junior partner.

The government also included an immediate one-off rebate on energy costs to pensioners, another key voter demographic for the coalition, of A$75 for an individual or A$125 for couples.

And Frydenberg announced A$3.5 billion package to reduce emissions to meet Australia’s commitments under the Paris Accord. The government’s environmental record is seen as one of its electoral weaknesses with urban voters.

BACK IN BLACK

Frydenberg maintained a relatively optimistic outlook for the economy, though he conceded there were risks including from falling house prices and global risks such as Brexit.

The government forecast full-year economic growth of 2.25 percent in 2018/19, which would need activity to pick up in the January-to-June period as the economy grew 0.3 percent in the September quarter and 0.2 percent in the December quarter.

Growth in the A$1.9 trillion economy is seen picking up to 2.75 percent in 2019/20 and 2020/21.

The tax cuts and increased spending, if enacted, could offer a boost to the economy, as consumer spending has been soft recently as falling home prices and high debt levels weigh on sentiment. Financial markets are fully pricing in a 25 basis points rate cut later this year.

(Reporting by Colin Packham; Editing by John Mair)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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Cyprus police on Friday widened their search for more victims of a suspected serial killer after the 35-year-old national guard captain told investigators he killed four more people that he previously admitted to on the small Mediterranean nation.

The count now has climbed to seven.

CYPRUS FEARS POSSIBLE SERIAL KILLER AFTER BODIES OF TWO WOMEN ARE DISCOVERED IN MINESHAFT

Authorities said they are focusing on a military firing range, a man-made lake and an abandoned mine about 20 miles west of the capital Nicosia.

Cypriot President Nicos Anastasiades expressed “deep sorrow and concern” at the slayings and said he shared the public’s revulsion at “murders that appear to have selectively targeted foreign women who are in our country to work.”

“Such instincts are contrary to our culture’s traditions and values,” he said in a statement from China, where he was on an official visit. He urged calm so police can complete their investigation.

The scale of the alleged crimes by a Cypriot National Guard captain has horrified the small nation of over a million people, where multiple killings are rare. Five British law enforcement officials — including a coroner, a psychiatrist and investigators who specialize in multiple homicides — have been dispatched to help with the investigation.

On Thursday, the 35-year-old suspect, who can’t yet be named because he hasn’t been formally charged, told investigators that he had killed four more people than he had previously admitted to. Police said the suspect will appear in court Saturday for another custody hearing.

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims. 

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week’s discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims.  (AP)

The victims — all foreigners— include Marry Rose Tiburcio, 38, from the Philippines, whose bound body was found April 14 in a flooded mineshaft. She and her six-year-old daughter had been missing since May of last year.

The girl remains missing and authorities believe she was also slain by the suspect. Divers have entered the reservoir to search for her but have not found her body yet.

CYPRUS: GROUND NOT YET READY FOR PEACE TALKS RESUMPTION 

Authorities tracked down the officer last week by scouring Tiburcio’s online messages.

Six days later, police discovered another body April 20 in the same mineshaft, identified by Cypriot media as 28-year-old Arian Palanas Lozano, also from the Philippines.

A third alleged victim, also of Filipino descent, is 31-year-old Maricar Valtez Arquiola, who had been missing since December 2017. The suspect initially denied killing Arquiola but reversed himself after a court hearing Thursday, a police official said.

The suspect on Thursday also pointed investigators to a military firing range, where they discovered another unidentified body, which according to the suspect belongs to a woman of either Nepalese or Indian descent.

SERIAL KILLER WHO MAY HAVE COMMITTED 90 MURDERS IS LINKED TO YET ANOTHER KILLING 

Cypriot police are also looking for a Romanian mother and daughter. Cypriot media identified them as Livia Florentina Bunea, 36, and eight-year-old Elena Natalia Bunea, who are believed to have been missing since September 2016.

The man-made lake remains off-limits to a manned search because of high levels of toxic heavy metals from the copper pyrite mine, Fire Service Chief Marcos Trangolas said, adding that authorities will use other means to scour the lake.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

Cyprus police have faced criticism from immigrant activists who said they didn’t act fast enough to investigate the whereabouts of some of the victims, many of them domestic workers. The island nation has 80 unsolved missing persons cases, going back to 1990.

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Police chief Zacharias Chrysostomou said a three-member panel has been assigned to probe whether police followed all the correct protocol in recent missing persons cases.

According to the state-run Cyprus News Agency, an investigator had told the court at an earlier hearing that the suspect admitted to killing one woman he met online after having sex with her.

The Associated Press contributed to this report. 

Source: Fox News World

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Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas
Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas, Venezuela June 12, 2018 in this still image taken from a video. REUTERS TV/ via REUTERS

April 26, 2019

CARACAS (Reuters) – Venezuela’s opposition-run National Assembly said on Friday that opposition lawmaker Gilber Caro was detained, which it described in a Twitter post as a violation of diplomatic immunity.

Caro had previously spend a year and a half in jail, before being freed in June 2018. The arrest comes as Juan Guaido, the National Assembly’s leader, mounts a challenge to President Nicolas Maduro, arguing his 2018 re-election was illegitimate. Guaido in January invoked the country’s constitution to assume an interim presidency.

(Reporting by Caracas newsroom; Editing by Chizu Nomiyama)

Source: OANN

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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Arizona Gov. Doug Ducey rejected demands from a secular group to remove posts on social media where he sent Easter greetings and cited a Bible verse, offering to provide copies of the Constitution to his critics.

Ducey, who’s a practicing Catholic, has been bombarded with calls from Secular Communities for Arizona to remove the post, which included a cross, a Bible verse, and the phrase, “He is risen.”

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The group argued the posts crossed a line into government sponsorship of religious messages and was unconstitutional.

The governor fired back at the group, saying in a tweet that he will never remove the posts or other religious ones.

“We won’t be removing this post. Ever. Nor will we be removing our posts for Christmas, Hanukkah, Rosh Hashanah, Palm Sunday, Passover or any other religious holiday,” he tweeted. “We support the First Amendment, and are happy to provide copies of the Constitution to anyone who hasn’t read it.”

Dianne Post, an attorney for the secular group, told the Arizona Republic “elected officials should not use their government position and government property to promote their religious views.”

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She added the courts have repeatedly “struck down symbolism that unites government with religion,” adding that Ducey’s office must “represent and protect the rights of all residents of Arizona, including those who do not believe in a monotheistic God or any gods at all.”

Many congratulated Ducey for not backing down amid the pressure, though some Facebook users sided with the secular group and criticized the governor on his original post.

“Why do you use a government platform to bring up your personal religion?” asked one person. “Are there no citizens in your jurisdiction that believe differently from you?”

Another stipulated that the post was somewhat discriminatory. “Great sensitivity, Doug. That’s the last time this Jew votes for you,” one person wrote.

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Ducey wished in a statement Arizonans last week a “blessed and joyful Easter and Passover weekend.”

The Associated Press contributed to this report.

Source: Fox News Politics

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