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Facebook revenue jumps as U.S. privacy penalty looms

FILE PHOTO: A Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes
FILE PHOTO: A Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes, France, June 20, 2018. REUTERS/Eric Gaillard

April 24, 2019

(Reuters) – Facebook Inc beat analysts’ estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising spending by companies while also warning it could face up to $5 billion in losses related to an official U.S. privacy investigation.

Monthly active users rose to 2.38 billion, beating estimates of 2.37 billion, according to IBES data from Refinitiv.

Total revenue rose 26 percent to $15.08 billion, beating analysts’ average estimate of $14.98 billion.

Net income attributable to Facebook shareholders fell to $2.43 billion, or 85 cents per share, in the first quarter ended March xx, from $4.99 billion, or $1.69 per share, a year earlier.

Analysts were expecting the company to report profit of $1.63 per share.

(Reporting by Akanksha Rana in Bengaluru and Katie Paul in San Francisco; editing by Patrick Graham)

Source: OANN

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Nicaragua police deny permit for protest anniversary march

Nicaragua's national police have denied a permit request for a march to commemorate the one-year anniversary of the start of anti-government protests, setting up a possible conflict with the opposition, which has called for the march to go on.

The police say the request did not meet legal requirements. The opposition Blue and White National Unity coalition had sought the permit for a march on Wednesday, but police said the two people who applied were involved in serious public disturbances in previous weeks.

Public demonstrations have been effectively banned for months.

U.N. High Commissioner for Human Rights Michelle Bachelet on Tuesday urged the government to allow protests and "avoid repression."

The government said it had released 636 prisoners to home detention, but it was unclear how many were political prisoners.

Source: Fox News World

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Donald Trump Jr. lashes out at media, 'Big Tech' for silencing conservative speech

Donald Trump Jr. lashed out at the left, the media and social media platforms for positioning themselves against conservatives and censoring free speech, in a “Tucker Carlson Tonight” interview Tuesday.

“Why is the press standing by as the First Amendment erodes?” Tucker Carlson asked Trump Jr.

“The majority of the press are now left-wing activists,” Trump Jr. told Carlson. “They are not on the side that is being stymied, they’re not on the side that is being oppressed.”

Trump Jr. began the interview by talking about his troubles with Instagram and how many of his followers informed him that social media platforms were censoring their content because of their conservative nature.

“I can do this because I have a big platform. I have a big soapbox, I can get it out there, but some of the little guys, they can’t,” Trump Jr. said. “They don’t have the ability. They end up just taking it.”

COVINGTON CATHOLIC STUDENT'S LAWSUIT A 'SIGNIFICANT CASE' OR NOT?

Trump Jr. went after “Big Tech” in an op-ed last Friday claiming some companies have been acting in a partisan manner to try preventing President Trump’s reelection.

“Unfortunately, Silicon Valley is showing us that tech companies, too, can manipulate information for partisan ends. Their censorship is increasing at an alarming rate, just in time for them to try to spoil my father’s re-election bid, but we won’t let them get away with it.,” Trump Jr. wrote.

He called the alleged social-media manipulation a “one-way systematic attack on free speech” while talking to Carlson.

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“To me, it reads like it’s a trial run for 2020,” Trump Jr. said. “I’m not saying every account is suppressed, but you do it enough. You take off ‘x’ percent of the top. You cut the message in half.”

“I think we have to start pushing back and I think we have to start pushing back hard,” Trump Jr. said. “If we don’t, we’ll never get the chance again.”

Source: Fox News Politics

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Polish officials may cancel trip to Israel over diplomatic spat

FILE PHOTO: European Union leaders summit in Brussels
FILE PHOTO: Polish Prime Minister Mateusz Morawiecki arrives at a European Union leaders summit in Brussels, Belgium December 13, 2018. REUTERS/Francois Lenoir

February 18, 2019

WARSAW (Reuters) – Polish officials may cancel their planned trip to Israel, the head of the prime minister’s office, Michal Dworczyk, said on Monday after media reported remarks by Israel’s prime minister suggesting Polish complicity in the Holocaust.

Prime Minister Mateusz Morawiecki decided earlier to cancel his visit to Israel, with Foreign Minister Jacek Czaputowicz to go instead. However, the whole visit could now be canceled as the diplomatic row deepened.

Dworczyk noted what he described as a “disgraceful” new statement by the Israeli foreign minister’s department.

“In the light of this statement, any participation of representatives of the Polish state in the V4 summit in Israel is under a very big question mark,” Dworczyk told state ratio.

(Reporting by Marcin Goclowski and Anna Koper; Editing by Paul Tait)

Source: OANN

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Shell faces lawsuit from climate change activists over fossil fuels

FILE PHOTO: A passenger plane flies over a Shell logo at a petrol station in west London, Britain
FILE PHOTO: A passenger plane flies over a Shell logo at a petrol station in west London, Britain, January 29, 2015. REUTERS/Toby Melville/File Photo

April 5, 2019

AMSTERDAM (Reuters) – Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels.

The groups, including Greenpeace and Friends of the Earth Netherlands, handed over a court summons to Shell at its headquarters in The Hague, demanding it stop extracting oil and gas and cut its greenhouse gas emissions to zero by 2050.

“Shell spends billions on oil and gas exploration each year, with current plans to invest just 5 percent of its budget in sustainable energy and 95 percent in exploiting fossil fuels,” the groups said.

They said Shell’s plans were “incompatible with the goal to limit global temperature rise to 1.5 degrees Celsius of warming” under the goals set out in the Paris Agreement to combat climate change.

Shell on Friday said the case should not be brought to court as it supports the goals of the 2015 pact and has promised to cut its contribution to global greenhouse gas emissions in half by 2050.

“We also feel action against climate change is needed right now”, the company said in a statement.

“We have invested billions of dollars in a range of CO2-light technologies, such as biofuels, hydrogen and wind energy and we want to continue to grow these activities.”

Activists say this commitment does not go far enough to ensure climate goals can be reached on a global scale.

“With their current strategy, they will keep the world dependent on fossil fuels in the next 40 years,” Greenpeace campaigner Eefje de Kroon said.

The groups said more than 17,000 Dutch citizens signed up to support their case against Shell.

The company has about six weeks to reply to the court summons, after which a judge will decide on further proceedings.

(Reporting by Bart Meijer; Editing by Edmund Blair and Louise Heavens)

Source: OANN

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UK PM May can only deliver Brexit deal with Labour’s support: minister

Britain's Secretary of State for Health Matt Hancock arrives at the Houses of Parliament in London
Britain's Secretary of State for Health Matt Hancock arrives at the Houses of Parliament in London, Britain April 3, 2019. REUTERS/Hannah McKay

April 4, 2019

LONDON (Reuters) – British Prime Minister Theresa May will only be able to pass her Brexit divorce deal with the help of opposition Labour lawmakers because eurosceptics in her party are opposed to the agreement, the health minister Matt Hancock said.

May held talks with opposition Labour Party leader Jeremy Corbyn on Wednesday on how to break the Brexit impasse, enraging some lawmakers in her own party.

“Delivering the prime minister’s deal on Conservative votes has been tried and has not succeeded, the prime minister has done everything she possible can to get that deal through, and so the only option left open to her is to seek Labour votes,” Hancock told BBC radio.

(Reporting By Andrew MacAskill and Paul Sandle)

Source: OANN

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Morgan Ortagus to be named State Department spokeswoman

National security analyst Morgan Ortagus, a former diplomat and active U.S. Naval Reserve officer, will become the new State Department spokeswoman, Fox News has learned.

Sources familiar with the matter told Fox News last week that Ortagus had been offered the position and was being vetted for it. Officials also said she recently had been considered for an on-camera spokeswoman position at the Pentagon.

Ortagus was a Fox News contributor but stepped away from that role last week when her name was linked to the State Department position. She is expected to replace Heather Nauert, a former Fox News anchor who was nominated in December to succeed Nikki Haley as ambassador to the United Nations, only to withdraw her name from consideration in February.

Ortagus entered government service as a public affairs officer at the U.S. Agency for International Development (USAID), spending several months in Iraq in 2007. She later became an analyst for the Treasury Department's Office of Intelligence and Analysis, where she worked to identify and designate individual terrorists for placement on the United Nations Sanctions List.

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In 2010, Ortagus was named Deputy U.S. Treasury Attache to Saudi Arabia. After leaving government service, Ortegus co-founded consulting firm Global Opportunity Advisors with Samantha Vinograd, another veteran of the public sector.

The State Department had no immediate comment.

Source: Fox News Politics

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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