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New power outage leaves much of Venezuela in the dark

Much of Venezuela remains without electricity as a new power outage spread across the country in what many fear will be a repeat of the chaos almost two weeks ago during the nation's largest-ever blackout.

The outage began around midday Monday and appeared to have affected most of Venezuela's 23 states. While the lights did flicker back after officials declared service would be restored within hours in the late evening the power went out again in much of the country.

As with the previous outage, the government of President Nicolas Maduro blamed U.S.-backed opponents, accusing them of sabotaging the Guri dam, which supplies the bulk of Venezuela's electricity. Opposition leader Juan Guaido said the outage lays bare the socialist government's incompetence and promised actions to end Maduro's rule.

Source: Fox News World

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Pakistan asks UN to help defuse tensions with India

Pakistan's foreign minister has written a letter to the U.N., asking it to help de-escalate and defuse tensions with India after a suicide bombing last week in India's sector of disputed Kashmir region killed at least 41 Indian troops.

New Delhi has blamed Islamabad and warned of a "jaw-breaking response." Pakistan has condemned the attack and also cautioned India against linking it to the bombing without an investigation.

The foreign ministry said on Tuesday that Pakistan's top diplomat, Shah Mahmood Qureshi, informed U.N. Secretary-General Antonio Guterres in his letter that "for domestic political reasons, India has deliberately ratcheted up its hostile rhetoric against Pakistan and created a tense environment."

India and Pakistan each administer a part of Kashmir and have fought two of their three wars over it.

Source: Fox News World

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Korean Air shareholders vote against re-election of CEO Cho as director

FILE PHOTO : Korean Air Lines Chairman Cho Yang-ho arrives at a court in Seoul
FILE PHOTO : Korean Air Lines Chairman Cho Yang-ho arrives at a court in Seoul, South Korea, July 5, 2018. REUTERS/Kim Hong-Ji/File Photo

March 27, 2019

SEOUL (Reuters) – Korean Air Lines Co Ltd shareholders voted on Wednesday against the airline’s proposal to extend CEO Cho Yang-ho’s term as director for three years, ending his 27-year tenure on the airline’s board.

South Korea’s National Pension Service, the airline’s second-biggest shareholder, decided on Tuesday to vote against the re-election of 70-year-old Cho, who is on trial on charges of breach of trust and embezzlement. Cho has denied the charges against him.

(Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Muralikumar Anantharaman)

Source: OANN

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UN council adopts resolution to combat terrorist financing

The U.N. Security Council has unanimously adopted a resolution aimed at strengthening global efforts to combat the numerous and new ways that terrorist groups raise funds to finance their operations.

The French-drafted resolution approved Thursday orders all countries to ensure that their domestic laws are sufficient to prosecute and penalize those responsible for directly or indirectly financing "terrorist organizations or individual terrorists for any purpose."

It also demands that the U.N.'s 193 member states ensure that all measures they take to combat terrorism and its financing comply with international humanitarian, human rights and refugee law.

The Security Council has addressed terrorist financing in resolutions since the Sept. 11, 2001 terrorist attacks on the Unite States but this is the first to focus solely on the issue.

Source: Fox News World

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French finance minister criticizes reported pay deal for Airbus boss Enders

Airbus CEO Tom Enders attends Airbus's annual press conference on Full-Year 2018 results in Blagnac
Airbus Chief Executive Tom Enders attends Airbus's annual press conference on Full-Year 2018 results in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignau

April 4, 2019

PARIS (Reuters) – French Finance Minister Bruno Le Maire on Thursday criticized a reported bumper pay deal for Tom Enders, the outgoing chief executive of planemaker Airbus.

“We’re talking about excessive amounts here,” Le Maire told BFM TV.

Le Monde newspaper earlier reported that Enders could get a golden parachute farewell pay deal worth 36.8 million euros ($41 million).

(Reporting by Sudip Kar-Gupta; Editing by Alexander Smith)

Source: OANN

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Slovak ruling party candidate Sefcovic concedes defeat in presidential election

Second round of Slovakia's presidential election
Slovakia's presidential candidate Zuzana Caputova waits for the election results at the party's headquarters in Bratislava, Slovakia, March 30, 2019. REUTERS/David W Cerny

March 30, 2019

BRATISLAVA (Reuters) – Slovakia’s ruling party-backed candidate Maros Sefcovic conceded defeat in the euro zone country’s presidential election on Saturday.

Sefcovic, a vice-president the European Union’s executive Commission, told reporters he had called his rival, liberal lawyer Zuzana Caputova, to congratulate her on her victory.

(Reporting by Jan Lopatka and Tatiana Jancarikova; Editing by Daniel Wallis)

Source: OANN

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Brexit stalls investments by sovereign wealth funds in Britain

FILE PHOTO: People walk alongside the Thames as the sun sets behind The Shard in London
FILE PHOTO: People walk alongside the Thames as the sun sets behind The Shard in London, Britain, December 3, 2018. REUTERS/Simon Dawson/File Photo

April 18, 2019

By Tom Arnold

LONDON (Reuters) – Britain has long been a favored playground for sovereign wealth funds from around the world to snap up glitzy skyscrapers, banking stakes and posh department stores.

However, uncertainty over Britain’s tortuous exit from the European Union has put many new investments on ice, say sources close to the funds.

Last year, there was a sharp drop in investments by wealth funds via private equity, with deals falling more than two-thirds from 2017 to $3.82 billion, according to PitchBook, a data and research firm.

“A lot of funds are simply not pursuing deals (due to Brexit), while they wait for certainty,” said Tihir Sarkar, London-based partner at Cleary Gottlieb, which counts several prominent sovereign funds as clients.

Brexit has now been postponed until Oct 31 so parliament can agree terms. While that prevents Britain from crashing out without a transition period in place, it also prolongs political and economic uncertainty.

At least Britain managed to draw a vote of confidence in February when Norway’s $1 trillion sovereign wealth fund, the world’s biggest, said it planned to keep increasing UK investments.

Most large sovereign funds contacted by Reuters did not respond or declined to provide comment, but several said their commitment to Britain remained unchanged while a couple acknowledged a pause in investments.

Abu Dhabi’s Mubadala Investment, which has its largest exposure to UK real estate and financial services and whose unit Masdar owns 20 percent of the London Array offshore wind farm, has not made any changes to its investment strategy or portfolio in anticipation of Brexit, spokesman Brian Lott said.

“Our long-term strategy is opportunistic, so we will weigh the investment climate either way,” he said.

A spokesperson for the Hong Kong Monetary Authority, which has investment portfolio assets estimated at $509.4 billion, said it was watching the Brexit situation and “keeps under constant review the need to adjust the Exchange Fund’s investment strategies accordingly.”

But sources close to two other funds, who requested anonymity, said they were freezing investments until there was greater clarity on Brexit.

British authorities may be getting concerned: two sources close to the sovereign fund industry said several funds had been asked by British officials, including ministers, for assurances they would remain committed to existing investments.

LONG FAVORED

There are some bright spots.

PitchBook data shows venture capital deal flow with sovereign fund participation in Britain rose 70 percent last year to $1.28 billion. And the pound’s drop in value against the dollar since June 2016 appeared to have boosted allocations to external fund managers based in London, Sarkar said.

“We’ve been really busy,” he added. “That’s not small amounts, so £500 million ($651 million) at a time, and those allocations have increased [since Brexit].”

Britain still ranks joint-third along with India, for investments by sovereign wealth funds in 2017 and 2018, behind the United States and China, according to a report by Spain’s IE University and ICEX. But it dropped out of the top five country destinations as a percentage of total deal volume in 2018, the report noted.

Examples abound of the kind of uncertainties Brexit has created for sovereign funds’ British holdings.

China Investment Corp’s 2017 acquisition of European warehouse firm Logicor was one such case, said Javier Capapé, director of sovereign wealth research at IE University.

“Most of the warehouses are not in the UK but in the EU, bringing potential issues in the case of a hard Brexit,” he said, noting also risks to businesses such as airports and financial services, where sovereign investors are heavily involved.

London’s Heathrow Airport is partly owned by Qatar Investment Authority (QIA) and China Investment Corp, while QIA and Singapore’s Temasek Holdings own stakes in Barclays and Standard Chartered, respectively.

Brexit has contributed to hastening a shift away from real estate, traditionally a favored choice for investment in Britain, to technology.

“I see a structural shift as with real estate you’re a little bit more exposed if you have a low-growth UK which is the expectation with Brexit scenarios,” said Elliot Hentov, head of policy and research at the official institutions group of State Street Global Advisors.

“But that won’t affect your high-value add technology and export sectors which will thrive regardless of Brexit, so you see a focus on sectors kind of independent of the uncertainty.”

QIA, one of the funds most active in Britain, particularly in real estate, is also diversifying its focus after amassing several London trophy assets, such as The Shard, Savoy and Connaught hotels and the high-end Harrods store. It agreed to buy another hotel, the Grosvenor House, Reuters reported in November.

“We’ve seen a decline (in British investment) in the past year or two. Real estate investment is definitely declining,” said a source familiar with QIA’s thinking, adding that it was looking more towards the Americas.

(Additional reporting by Alun John in Hong Kong; Editing by Andrew Cawthorne)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk
Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk, Belarus April 26, 2019. REUTERS/Vasily Fedosenko

April 26, 2019

By Katya Golubkova and Andrei Makhovsky

MOSCOW/MINSK (Reuters) – Russia is confident it can soon resolve a problem of polluted Russian oil contaminating a major pipeline serving Europe and affecting supplies as far west as Germany, a senior official said on Friday at talks with importers about the issue.

Russian Deputy Energy Minister Pavel Sorokin did not give a precise timeframe but Moscow has previously said it would pump clean oil to the border with Belarus from April 29, seeking to end a crisis hitting the world’s second-largest crude exporter.

Sorokin was speaking at talks with officials from Belarus, Poland and Ukraine in Minsk on the issue. Belarus said the issue had cost it $100 million, while analysts say alternative supply routes for refiners cannot fully fill the gap.

Poland, Germany, Ukraine and Slovakia have suspended imports of Russian oil via the Druzhba pipeline. Halting those supplies has knock-on effects further along the network.

The problem arose last week when an unidentified Russian producer contaminated oil with high levels of organic chloride used to boost oil output but which must be separated before shipment as it can destroy refining equipment.

Russia’s Energy Ministry said pipeline monopoly Transneft and other Russian companies had a plan to mitigate the effects of the contaminated oil. It did not give details.

Russian officials have said contaminated oil has already been pumped into storage in Russia and Friday’s talks would focus on how to partially withdraw the tainted crude from the Druzhba pipeline running via other countries.

The suspension cuts off a major supply route for Polish refineries owned by Poland’s PKN Orlen and Grupa Lotos, as well as plants in Germany owned by Total, Shell, Eni and Rosneft.

Some refiners have outlined plans for alternative supplies, but analysts say other routes cannot meet the shortfall.

OIL PRICES

Ukraine’s Ukrtransnafta suspended the transit of oil through the pipeline on Thursday, closing supplies via Druzhba’s southern route to Slovakia, the Czech Republic and Hungary.

The pipeline issue, which has supported global oil prices, lifted Russian Urals crude differentials to an all-time high on Thursday.

With pipeline supplies to Europe shut, Russia faces a challenge of how to divert about 1 million barrels per day (bpd) that was meant to be shipped through the network to other destinations at the time when export capacity is at its limits.

State-run Russian Railways held talks with energy firms on using up to 5,000 rail tankers to transport crude, RIA news agency reported on Friday.

Concerns about the quality of Urals crude also caused delays in loadings at the Baltic port of Ust-Luga, when buyers refused to lift cargoes, resulting in a brief shutdown of the port on Wednesday and Thursday. An Ust-Luga official and traders said on Friday loadings had resumed.

Russian loading plans indicate it aims to boost Urals exports in May before the expiry of a deal on output cuts agreed with the Organization of the Petroleum Exporting Countries and its allies, Reuters calculations and Energy Ministry data show.

The provisional loading plan for Russia’s Baltic Sea ports and Novorossiisk in May show exports rising to 10.7 million tonnes, the highest level in half a decade.

Minsk estimated its loss from lower oil product exports due to contaminated Russian oil at around $100 million, Russia’s Interfax news agency reported on Thursday, citing Belarusian state oil company Belneftekhim.

Russian Deputy Prime Minister Dmitry Kozak, in charge of government energy policy, said this week that those found responsible for contaminating the oil could be fined. He did not provide names.

(Reporting by Agnieszka Barteczko in WARSAW, Sandor Peto in BUDAPEST, Jason Hovet in PRAGUE, Matthias Williams and Natalia Zinets in KIEV, Katya Golubkova, Olesya Astakhova, Gleb Gorodyankin, Olga Yagova and Maxim Rodionov in MOSCOW, Andrei Makhovsky in MINSK; writing by Katya Golubkova; editing by Michael Perry and Edmund Blair)

Source: OANN

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FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat
FILE PHOTO: A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/File Photo

April 26, 2019

(Reuters) – India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington’s refusal to exempt it from new steel and aluminum tariffs, New Delhi decided in June last year to raise the import tax from Aug. 4 on some U.S. products including almonds, walnuts and apples.

But since then, New Delhi has repeatedly delayed the implementation of the new tariff.

Trade friction between India and the U.S. has escalated after U.S. President Donald Trump announced plans earlier this year to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

In a further blow, U.S. on Monday demanded buyers of Iranian oil stop purchases by May or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers including India to continue importing limited volumes.

(Reporting by Manoj Kumar in New Delhi and Kanishka Singh in Bengaluru; Editing by Anil D’Silva and Raissa Kasolowsky)

Source: OANN

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One of Joe Biden’s newly-hired senior advisers has seemingly had a very recent change of heart.

Symone Sanders, a prominent Democratic strategist and Sen. Bernie Sanders, I-Vt., staffer in 2016, was announced as one of the big-name members of Team Biden on Thursday.

But Sanders, who has also served as a CNN contributor, is seen in resurfaced footage from November 2016 expressing her opposition to a white person leading her party after Donald Trump’s election.

“In my opinion, we don’t need white people leading the Democratic party right now,” Sanders told host Brianna Keilar during a discussion on Howard Dean potentially becoming DNC chairman.

BIDEN HIRES FORMER BERNIE SANDERS’ SPOKESPERSON AS SENIOR ADVISER

“The Democratic party is diverse, and it should be reflected as so in leadership and throughout the staff, at the highest levels. From the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” she said.

Sanders wrapped up her remarks by saying: “I want to hear more from everybody. I want to hear from the millennials and the brown folks.”

Footage of the interview was resurfaced by RealClearPolitics.

After news of her hiring broke on Thursday, Sanders backed her new boss on Twitter.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG

“@JoeBiden & @DrBiden are a class act. Over the course of this campaign, Vice President Biden is going to make his case to the American ppl. He won’t always be perfect, but I believe he will get it right,” she wrote.

The hiring of Sanders has been viewed as another indication of the expected tough fight that Biden and Sanders are in for as the two frontrunners battle a deep Democratic field.

While Sanders himself didn’t torch Biden as he jumped into the race, it’s clear that many of his progressive supporters view the former vice president as a threat.

Biden’s entry into the race – at least in the early going – sets up a battle between himself and Sanders, who thanks to his fierce fight with eventual nominee Hillary Clinton for the 2016 Democratic nomination, enjoys name ID on the level of the former vice president.

BIDEN VOWS THAT ‘AMERICA IS COMING BACK,’ SPARKING ‘MAGA’ COMPARISONS

Justice Democrats — who also called Biden “out-of-touch” – is an increasingly influential group among the left of the party. They’ve championed progressive Rep. Alexandria Ocasio-Cortez of New York as well as Sanders. The group was founded by members of Sanders 2016 presidential campaign.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Former Democratic National Committee chair Donna Brazile – a Fox News contributor – highlighted that “Joe Biden can occupy his own lane in large part because he’s earned it. He’s earned the right to call himself whatever.”

CLICK HERE TO GET THE FOX NEWS APP

But she emphasized that “elections are not about the past, they’re about the future…I do believe he has the right ingredients. The question is can he find enough people to help him stir the pot.”

Fox News Andrew O’Reilly contributed to this report.

Source: Fox News Politics

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