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Global financial stability risks still on the rise, IMF says

FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington
FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas/File Photo

April 10, 2019

By Pete Schroeder

WASHINGTON (Reuters) – Risks to the global financial system have grown over the past six months and could increase with a messy British exit from the European Union or an escalation of U.S.-China trade tensions, the International Monetary Fund said on Wednesday.

The IMF, whose spring meetings with the World Bank begin in Washington this week, noted that the global economic expansion is slowing, and an abrupt downturn could have a far-reaching impact. The fund also warned against rolling back prudential regulations that could help to buffer the financial system in the event of a downturn.

“There is a risk that positive investor sentiment could deteriorate abruptly, leading to a sharp tightening of financial conditions,” the IMF said in its Global Financial Stability Report. “This will have a larger effect on economies with weaker fundamentals, greater financial vulnerabilities, and less policy space to respond to shocks.”

On Tuesday, the IMF cut its expectations for global growth to its lowest level since 2016. It marked its third downgrade since October. In Wednesday’s report, it cautioned a sharper-than-expected slowdown could spur tighter financial conditions.

In Wednesday’s report, the IMF urged policymakers to clearly communicate any changes to their monetary policy stances to minimize market swings. Noting investor sentiment had improved since the Federal Reserve paused its rate-hiking cycle, it warned that a strong shift in Fed policy could trigger a sell-off in riskier assets.

The IMF also echoed concerns raised by U.S. officials over rising corporate debt levels, noting corporate sector risks appear elevated in about 70 percent of systemically important countries.

A rapid tightening of financial conditions could drive a steep economic downturn, as the creditworthiness in the corporate debt market has deteriorated. The stock of lower-rated investment-grade bonds has quadrupled since the 2008 financial crisis, and the stock of speculative-grade credits has nearly doubled.

“The U.S. corporate credit cycle appears to be at its highest point in recent history,” the IMF said, adding that global earnings growth has “likely peaked.”

The IMF noted that trading in British and European markets has remained orderly as the authorities struggle to negotiate an orderly British exit deal.

However, it warned that a protracted stalemate threatens to “unsettle financial markets, damage investors’ confidence, (and) adversely affect business investment.”

Globally, trade-dependent sectors have risen on expectations of a positive outcome for U.S.-China trade talks, the IMF said, but if those talks falter the organization expects a renewed sell-off.

To guard against financial vulnerabilities, the body said policymakers should proactively deploy prudential tools, such as the countercyclical capital buffer and bank stress testing. In particular, regulators should develop tools to tackle climbing corporate debt from non-bank intermediaries.

“A rollback of regulatory reforms should be avoided,” it added.

(Reporting by Pete Schroeder; Editing by Lisa Shumaker)

Source: OANN

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France says nuclear deal no blank check for rights abuses in Iran

FILE PHOTO: French Foreign Minister Jean-Yves Le Drian addresses a news conference in Doha, Qatar
FILE PHOTO: French Foreign Minister Jean-Yves Le Drian addresses a news conference in Doha, Qatar, February 11, 2019. REUTERS/Naseem Zeitoon/File Photo

March 21, 2019

PARIS (Reuters) – France told Iran on Thursday that European efforts to keep a nuclear deal alive did not mean Tehran had a blank check to violate the human rights of its citizens, after lawyer Nasrin Sotoudeh received a long prison sentence.

An internationally renowned human rights lawyer jailed in Iran, Sotoudeh was handed a new sentence on Monday that her husband said was 38 years in prison and 148 lashes.

“There has been global indignation over the case of Mrs Sotoudeh and this government shares this indignation fully,” French Foreign Minister Jean-Yves le Drian told lawmakers.

Sotoudeh has represented opposition activists including women prosecuted for removing their mandatory head scarf. She was arrested in June and charged with spying, spreading propaganda and insulting Iran’s clerical supreme leader.

“We have made considerable efforts with Iran to keep the nuclear accord (signed by Tehran and world powers) despite the American withdrawal,” Le Drian said. “(But) our effort to keep the Vienna accord is not a blank check for Iran and certainly not with regard to human rights, and that’s why France will do everything to secure Mrs Sotoudeh’s freedom.”

She was originally jailed in 2010 for spreading propaganda and conspiring to harm state security – charges she denied. She was then released after serving half her six-year term. The European Parliament awarded her the Sakharov human rights prize.

France rarely comments publicly on human rights issues in Iran. It has been working with Britain and Germany to save the 2015 agreement on Iran’s nuclear program, which was thrown into disarray when U.S. President Donald Trump pulled out of the accord in May and reimposed economic sanctions on Iran.

Even so, tensions between Paris and Tehran have grown in recent months as President Emmanuel Macron and his government have become increasingly frustrated with Iran’s ballistic missile tests, and a foiled attack on an Iranian exile group in France, which Paris says Iranian intelligence was behind.

Both countries only reappointed ambassadors to each other’s capitals last month after more than six months without envoys.

(Reporting by John Irish; Editing by Mark Heinrich)

Source: OANN

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New Zealand PM announces royal commission inquiry into Christchurch attack

People visit a memorial site for victims of Friday's shooting, in front of Christchurch Botanic Gardens in Christchurch
FILE PHOTO: People visit a memorial site for victims of Friday's shooting, in front of Christchurch Botanic Gardens in Christchurch, New Zealand March 19, 2019. REUTERS/Jorge Silva

March 25, 2019

WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern announced on Monday a royal commission inquiry into the events leading up to a March 15 attack on two mosques in Christchurch that killed 50 people, including into the country’s intelligence services.

“It is important that no stone is left unturned to get to the bottom of how this act of terrorism occurred and what, if any, opportunities we had to stop it,” Ardern told reporters at Parliament House in the capital, Wellington.

She said a royal commission, which are independent inquiries and are usually reserved for matters of the greatest public importance, was an appropriate response to the attack.

(Reporting by Charlotte Greenfield and Praveen Menon; Edotong by Paul Tait)

Source: OANN

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U.S. judge rebuts Trump on transgender troop limits

FILE PHOTO - Members of the Army march up 5th Avenue during the Veterans Day Parade in New York
FILE PHOTO - Members of the Army march up 5th Avenue during the Veterans Day Parade in New York November 11, 2012. REUTERS/Carlo Allegri

March 19, 2019

By Andrew Chung

WASHINGTON (Reuters) – A federal judge on Tuesday contradicted the Trump administration’s “incorrect” claim that no legal blocks remain for it to enforce a contentious policy to restrict many transgender individuals from the U.S. armed forces starting on April 12.

In a three-page notice, U.S. Judge Colleen Kollar-Kotelly said an injunction that she issued against the policy in 2017 remains in place.

“Defendants were incorrect in claiming that there was no longer an impediment to the military’s implementation” of the transgender policy, the judge wrote.

A spokeswoman for Pentagon said it was consulting with the U.S. Justice Department, which declined to comment.

Three other injunctions issued by judges in separate cases have already been lifted, in part by a Jan. 22 U.S. Supreme Court decision and subsequent action by a federal judge in Maryland.

That prompted the U.S. Defense Department to sign a memo on March 12 that would enforce its service limitations on transgender people, effective one month later.

Kollar-Kotelly’s injunction, however, had been set aside by a three-judge panel of the District of Columbia U.S. Circuit Court of Appeals on Jan. 4. The panel said it would hold off on issuing a “mandate” to finalize the higher court’s decision until it resolves any request by the plaintiffs who challenged the transgender policy as a violation of the U.S. Constitution to rehear their appeal.

“The Trump administration cannot circumvent the judicial process just to fast track its baseless, unfair ban on transgender servicemembers,” said attorney Jennifer Levi of the anti-discrimination group GLBTQ Legal Advocates & Defenders, who represents the plaintiffs.

President Donald Trump in 2017 announced a plan to ban transgender people from the military, reversing Democratic former President Barack Obama’s policy of allowing transgender troops to serve openly and get medical transition care.

In March 2018, Trump backed a revised policy from then-Defense Secretary Jim Mattis. It banned, in some circumstances, transgender people with gender dysphoria, or distress due to internal conflict between physical gender and gender identity.

The Mattis policy also banned transgender people who seek or have undergone gender transition steps.

(Reporting by Andrew Chung; Editing by Richard Chang)

Source: OANN

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Markets seem to underestimate threat of Brexit: ECB’s Rehn

FILE PHOTO: Finland's central bank governor Rehn in Helsinki
FILE PHOTO: Finland's central bank governor Olli Rehn speaks during an interview in Helsinki, Finland July 17, 2018. REUTERS/Ints Kalnins/File Photo

March 24, 2019

BERLIN (Reuters) – The risk of Britain leaving the European Union without a deal is the biggest risk facing the slowing euro zone economy in the short term, Finnish central bank chief Olli Rehn told Germany’s Die Welt newspaper in remarks published on Monday.

“In the short term Brexit is surely the biggest threat,” said Rehn, who sits on the European Central Bank’s rate-setting Governing Council. “Financial markets seem to be too relaxed and appear to underestimate the risk.”

He said the ECB had made arrangements with the Bank of England to blunt turbulence in the case of a disorderly Brexit.

Asked about the risk of recession in the euro zone, Rehn — who is often mentioned as a potential candidate to succeed ECB President Mario Draghi — said: “Growth has indeed slowed down significantly and we must be worried about the economy.”

(Reporting by Joseph Nasr; Editing by Kirsten Donovan)

Source: OANN

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House Dems introduce resolution calling on Mueller report to be made public

The Democratic leaders of six congressional committees introduced a resolution in the House on Friday calling for Special Counsel Robert Mueller’s forthcoming investigative report to be released to the public.

The nonbinding resolution comes as Mueller’s probe into Russia’s meddling in the 2016 election is believed to be nearing an end.

MUELLER TEAM WANTS TO WITHHOLD 3.2 MILLION ‘SENSITIVE’ DOCS FROM INDICTED RUSSIAN COMPANY

“The public is clearly served by transparency with respect to any investigation that could implicate or exonerate the president and his campaign,” the committee chairs said in a statement. “We urge our colleagues on both sides of the aisle to join us in supporting this common-sense resolution.”

Mueller is only required to provide a report on his findings to the Justice Department. It’s not clear how much – if any of it – will be provided to Congress or the public.

The sponsors of the resolution include House Judiciary Committee Chairman Jerry Nadler, Committee on Oversight and Reform Chairman Elijah Cummings, Permanent Select Committee on Intelligence Chairman Adam Schiff, Committee on Financial Services Chairwoman Maxine Waters, Committee on Ways and Means Chairman Richard Neal and Committee on Foreign Affairs Chairman Eliot Engel.

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“This transparency is a fundamental principle necessary to ensure that government remains accountable to the people,” the sponsors said.

In February, the committee chairs wrote to Attorney General William Barr to tell him they hope Mueller’s report public will be released “without delay and to the maximum extent permitted by law.”

Mueller’s investigation, which was initially ordered to look into the 2016 election in May of 2017, has gone on for almost two years. The president has repeatedly decried Mueller’s probe as a “witch hunt.”

Source: Fox News Politics

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‘Targeted’ shootings that left 4 dead in Canada may have stemmed from reported neighbor dispute

Four people were shot dead in 3 separate locations across a city in western Canada in a series of "targeted" attacks on Monday that may have all been sparked by a neighborhood dispute, according to a wife of one of the victims.

Royal Canadian Mounted Police Supt. Ted De Jager said at a news conference the killing spree began around 10:30 a.m. outside a home in downtown Penticton, British Columbia.

As authorities were responding to the initial shooting, a second call of another incident came in from the south end of the city. When authorities went to the home involved in the second shooting, they discovered the bodies of 3 people in two locations.

By 11:30 a.m., a 60-year-old man turned himself in at the front desk of an RCMP station in the city, CBC News reported.

ILLEGAL IMMIGRANT CHARGED IN 5 DEATHS IN MISSOURI, KANSAS FOUND DEAD IN JAIL CELL, SHERIFF SAYS

“We’re still trying to find the motive for this whole incident, so that’s part of the ongoing investigation," De Jager said. "Indications right now are that all four were targeted.”

Royal Canadian Mounted Police officers work outside a scene in Penticton, British Columbia, Monday, April 15, 2019.

Royal Canadian Mounted Police officers work outside a scene in Penticton, British Columbia, Monday, April 15, 2019. ((Jeff Bassett/The Canadian Press via AP)

The four victims -- two men and two women -- were all killed within a 3-mile radius.

Renate Winter, the wife of the first victim – 71-year-old Rudi Winter – told the Vancouver Sun she believed the shootings were likely linked to a neighborhood dispute.

Winter said that she and her husband lived next to the estranged wife of the alleged gunman and had a contentious relationship.

“We cut a tree down in our yard and she had a fit, so anytime we did anything she had a fit, so we don’t talk to her,” she told the Vancouver Sun. “She called the cops because my husband was putting rocks in between our properties, and maybe his big toe went on her property.”

CANADIAN PROVINCE CONSIDERS MANDATORY ANNUAL MATH TESTS FOR ALL PUBLIC SCHOOL TEACHERS: REPORTS

De Jager, who called the shootings a "deeply troubling incident," offered no additional details on how the victims knew each other or a possible motive. Charges are still pending against the man who turned himself in.

Canadian police said a 60-year-old man is in custody after shootings that left several dead in Penticton, British Columbia on Monday.

Canadian police said a 60-year-old man is in custody after shootings that left several dead in Penticton, British Columbia on Monday. (Jeff Bassett/The Canadian Press via AP)

He did confirm that neither of the female victims was the alleged gunman's ex-wife, the Penticton Western News reported.

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Such gun violence is rare in Canada. The shootings on Monday were the deadliest killings in city history, and the sixth deadliest in modern province history, according to the Penticton Western News.

The Associated Press contributed to this report.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

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For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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