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Thomas Cook approached by potential bidders: Sky News

Illustration photo of a Thomas Cook logo
The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

April 20, 2019

(Reuters) – Thomas Cook has been tentatively approached about a takeover of its tour operating unit, or the entire company, by several parties as its lenders prepare for crunch talks over the state of its finances, Sky News reported on Saturday.

The company, which has put its airline business up for sale, last month announced a review of its money division to help focus on its core holiday business after a rough 2018.

Citing unnamed sources, Sky News reported https://news.sky.com/story/bidders-try-to-land-thomas-cook-as-lenders-chart-new-course-11698817U.S. private equity firm KKR & Co and Swedish buyout group EQT Partners were potential bidders for the group, while China’s Fosun International was understood to be among those to have lodged a preliminary interest in the tour business.

Thomas Cook, the world’s oldest tour operator, has brought in advisers from AlixPartners to work on its balance sheet and cost-reduction plans, while its syndicate of more than a dozen lenders has hired FTI Consulting to advise on their financial exposure to the company, the report added.

Thomas Cook and KKR said they won’t be commenting on the report. EQT declined to comment, while Fosun could not be immediately reached for comment.

(Reporting by Sathvik N in Bengaluru; Editing by David Holmes)

Source: OANN

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U.S. Congress wants to know why the FAA waited so long to ground Boeing 737 jets

FILE PHOTO: An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York
FILE PHOTO: An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, U.S., March 12, 2019. REUTERS/Shannon Stapleton/File Photo

March 13, 2019

By David Shepardson and Steve Holland

WASHINGTON (Reuters) – Congress plans to scrutinize why the United States waited so many days to ground all Boeing Co 737 MAX jets involved in Sunday’s crash in Ethiopia as other countries and airlines acted more quickly.

The Federal Aviation Administration said the order on Wednesday was the result of “new evidence collected at the site and analyzed today” and “newly refined satellite data” that Canada had cited earlier in its decision to halt flights.

The FAA did not disclose the new evidence at the scene but said it was “the missing pieces” that aligned the track of the two fatal Boeing 737 MAX 8 crashes since October.

For decades, the United States has led the world in aviation safety, often setting standards that were later adopted by other countries. The agency came under heavy criticism from U.S. lawmakers and others who questioned why the FAA waited so long to ground the Boeing 737 MAX.

FAA officials plan to brief lawmakers Thursday, two people familiar with the matter told Reuters.

While President Donald Trump announced the ban on television, acting FAA Administrator Dan Elwell said he made the decision with the support of Transportation Secretary Elaine Chao.

“We were resolute in our position that we would not take action until we had data to support taking action,” Elwell told reporters. “That data coalesced today and we made the call.”

Canada grounded the planes earlier on Wednesday while the European Union acted on Tuesday. China and some airlines ordered the planes not to fly within hours of the crash on Sunday.

As of Wednesday night, regulators in Argentina and Mexico had not grounded planes.

House Transportation and Infrastructure Committee Chairman Peter DeFazio, a Democrat, said “it has become abundantly clear to us that not only should the 737 MAX be grounded but also that there must be a rigorous investigation into why the aircraft, which has critical safety systems that did not exist on prior models, was certified without requiring additional pilot training.”

Elwell said Wednesday he was confident in the 737’s certification.

The Senate Commerce Committee also plans to hold a hearing as early as April. Senator Ted Cruz said he plans “to investigate these crashes, determine their contributing factors, and ensure that the United States aviation industry remains the safest in the world.”

The grounding was an abrupt reversal as the United States had repeatedly insisted the airplane was safe to fly even as regulators and airlines around the world grounded the airplane.

Trump spoke to Boeing Chief Executive Dennis Muilenburg on Wednesday before the announcement.

United Airlines, American Airlines and Southwest Airlines Co all fly versions of the 737 MAX and immediately halted flights on Wednesday.

American, with 24 737 MAX airplanes, said it will be “working to re-book customers as quickly as possible, and we apologize for any inconvenience.”

Boeing said it supported the action to temporarily ground 737 max operations after it consulted with the FAA, NTSB and its customers. Boeing shares were down 2 percent.

The shift came less than a day after U.S. regulators had again insisted the plane was safe. Even Chao flew aboard a 737 MAX on Tuesday.

The FAA plans to mandate design changes by April that have been in the works for months for the 737 MAX 8 fleet. Boeing said late Monday it will deploy a software upgrade across the 737 MAX 8 fleet “in the coming weeks.”

The company confirmed it had for several months “been developing a flight control software enhancement for the 737 MAX, designed to make an already safe aircraft even safer.”

The FAA said the changes will “provide reduced reliance on procedures associated with required pilot memory items.”

Elwell said Wednesday he was hopeful software improvements “will be ready in a couple months” after testing and evaluation is completed by the FAA of what he called a “software patch.”

(Reporting by David Shepardson and Steve Holland; Additional reporting by Ginger Gibson; Writing by Tim Ahmann; Editing by Nick Zieminski and Lisa Shumaker)

Source: OANN

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US military says it killed ISIS-Somalia deputy in drone strike

The U.S. military said Monday it had killed the second in command of a Somalia-based ISIS affiliate in an airstrike over the weekend.

In a statement, U.S. Africa Command said Abdulhakim Dhuqub died in the Bari region of Somalia, an area which includes the tip of the Horn of Africa peninsula.

The statement referred to Dhuqub as ISIS-Somalia’s “second in command” and responsible for the “daily operations of the extremist group, attack planning, and resource procurement."

ISIS MEMBER TASKED WITH 'BRINGING IN MIGRANTS,' NEWLY OBTAINED TERROR GROUP DOCUMENTS SHOW

Africa Command said the strike killed only Dhuqub, and also destroyed a vehicle.

“We continue to work with our Somali partners to keep pressure on the al-Shabaab and ISIS Somalia terror networks," said Marine Corps Maj. Gen. Gregg Olson, U.S. Africa Command’s director of operations. "When it supports the strategy, we use precision airstrikes to target those who plan and carry out the violent extremist activities that put Somalis at risk."

Not much is known about Dhuqub; his name does not appear on the State Dept.'s Reward for Justice website normally reserved for top terrorists and there is not much information publicly available online. ISIS-Somalia is a relatively small terrorist group consisting of roughly 125 fighters, according to officials.

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The strike took place days after Somalia's prime minister Hassan Khayre visited the White House and the Pentagon.

The U.S. military has launched 31 airstrikes in Somalia this year, following a record-setting 47 last year. In 2017, President Trump authorized the military to conduct offensive strikes in Somalia against Al Qaeda-linked Shabab fighters as well as the ISIS affiliate.

Source: Fox News World

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Watch Live! Mueller Rorschach Test: Democrat Insanity On Display

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Source: InfoWars

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US tells Afghan president Qatar talks best chance for peace

U.S. Secretary of State Mike Pompeo has called the Afghan president to express disappointment over the indefinite postponement of talks with the Taliban and to condemn the insurgent's latest "spring offensive."

The Afghan-to-Afghan talks in Qatar were scheduled to start last week when they were scuttled after a falling out over who should attend. It would have marked the first time that Taliban and Kabul government officials sat together.

The State Department says Pompeo called President Ashraf Ghani on Saturday and condemned the Taliban's recent announcement of starting another offensive in the spring. The Taliban have, however, managed to keep up a steady tempo of attacks even during the harsh winter months.

Pompeo also encouraged both sides to agree on participants, saying the talks are Afghanistan's best chance at peace.

Source: Fox News World

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U.S. presidential hopeful Warren proposes new corporate profits tax

FILE PHOTO: Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks to supporters in Memphis
FILE PHOTO: Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks to supporters in Memphis, Tennessee, U.S. March 17, 2019. REUTERS/Karen Pulfer Focht/File Photo

April 11, 2019

By Ginger Gibson

WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren is proposing a new 7 percent tax on corporate profits that exceed $100 million, her presidential campaign said on Thursday.

Warren’s proposal would apply the new tax not to the totals companies already report to the IRS, but instead to the profits reported to shareholders – which are frequently much larger given the loopholes, deductions and other accounting differences allowed by the tax code.

Companies would not pay the new tax, which would be in addition to existing corporate taxes that companies already pay, on their first $100 million in profits.

But for each dollar over that threshold, the companies would be subject to a 7 percent tax, Warren outlined in a post on the website Medium and seen by Reuters.

Her campaign estimates about 1,200 companies would be subject to the new tax. It would bring the government an additional $1.05 trillion in new tax revenues over 10 years, according to estimates from economists Emmanuel Saez and Gabriel Zucman at the University of California-Berkeley.

Warren hopes to challenge Republican President Donald Trump, who has focused on tax cuts for corporations, which he says have allowed the economy to flourish and lowered the unemployment rate.

Warren is competing in a crowded field of more than 15 Democrats vying for their party’s nomination and has sought to distinguish herself by offering the most numerous and expansive policy proposals.

Warren’s new tax, which she dubs the “Real Corporate Profits Tax,” would account for profits U.S. companies make globally and would also be imposed on foreign companies doing substantial work in the United States.

“This new tax applies to the profits very large American companies report to their investors — with no loopholes or exemptions,” Warren wrote in her proposal.

Warren specifically targets Amazon.com and Occidental Petroleum as two companies she says are not paying enough in corporate taxes and would be forced to pay more under her proposal.

Republicans are likely to criticize her proposal by arguing that it will drive companies currently incorporated in the United States to leave or change domicile to avoid the tax – a practice known as inversion.

Warren’s campaign argues that rules on inversions put in place by the Treasury in 2016 have halted the practice and that she would continue strict enforcement if elected.

(Reporting by Ginger Gibson; Editing by Sonya Hepinstall)

Source: OANN

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Thousands march in Spain to demand more help for rural areas

Thousands of Spaniards are marching in Madrid to demand that the government take steps to curb the depopulation of rural areas.

Sunday's march under the slogan "The Revolt of the Emptied Spain" was organized by grassroots groups from rural areas in the southern European Union nation.

In Spain, 90% of the population is now concentrated in 30% of the country's territory, namely in Madrid and the coastal areas. That leaves 10% of its people spread over large swaths of the interior.

On Friday, the government announced measures to improve internet networks in the countryside.

The march comes before Spain's April 28 general election, when rural areas could play a key role in deciding if the Socialists stay in power. Spanish election law gives more weight to underpopulated areas.

Source: Fox News World

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Afghan President Ashraf Ghani speaks during the inauguration of the newly-elected parliament in Kabul
Afghan President Ashraf Ghani speaks during the inauguration of the newly-elected parliament in Kabul, Afghanistan April 26, 2019. REUTERS/Omar Sobhani

April 26, 2019

By Rupam Jain and Hameed Farzad

KABUL (Reuters) – Afghan President Ashraf Ghani encouraged newly-elected lawmakers to participate in the peace process with the Taliban as he opened on Friday the first session of parliament since a controversial election.

Ghani has invited thousands of politicians, religious scholars and rights activists to an assembly known as a loya jirga next week to discuss ways to end the 17-year war.

Several opposition leaders have said they will boycott the four-day assembly in Kabul, saying it was pulled together without their input and is being used by Ghani as he seeks a second term in a September presidential election.

“We have presented the peace plan on a regular basis and we are committed to it,” Ghani said in the first session since parliamentary elections marred by technical problems, militant attacks and accusations of voting fraud last year.

“Based on this plan, there will be no peace deal and negotiation that does not have the green card of the parliament,” he added.

Officials from the United States and the Taliban have held several rounds of talks to end the Afghan war.

U.S. negotiator, Zalmay Khalilzad, has reported some progress toward an accord on a U.S. troop withdrawal and on how the Taliban would prevent extremists from using Afghanistan to launch attacks as al Qaeda did on Sept. 11, 2001.

The insurgents have so far rejected U.S. demands for a ceasefire and talks on the country’s political future that would include Afghan government officials.

The loya jirga, a centuries-old institution used to build consensus among competing tribes, factions and ethnic groups, is an attempt by Ghani to influence the peace talks and cement his position for a second term, Afghan politicians and Western diplomats say.

Amid growing political divisions in Kabul, opposition politicians have demanded that Ghani step down when his mandate ends next month, and give way to an interim government to oversee peace talks with the Taliban. Ghani has ruled that out.

The country’s top court said last week Ghani can stay in office until the presidential election in September.

(Reporting by Hameed Farzad, Rupam Jain, Editing by Darren Schuettler)

Source: OANN

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Deputy Attorney General Rod Rosenstein Thursday defended special counsel Robert Mueller’s investigation while slamming former President Barack Obama’s administration for being slow to take action on Russian interference in U.S. elections and ex-FBI Director James Comey for telling Congress the agency was investigating collusion between the Trump campaign and Russia.

“Our nation is safer, elections are more secure, and citizens are better informed about covert foreign influence schemes,” Rosenstein said in a speech to the Armenian Bar Association, marking his first public remarks after the Mueller report was released, reports CBS News.

He also pointed out that the investigation revealed a pattern of computer hacking and the use of social media to undermine elections as “only the tip of the iceberg of a comprehensive Russian strategy to influence elections, promote social discord, and undermine America, just like they do in many other countries,” reports The Wall Street Journal.

The Obama administration also made “critical decisions,” including choosing not to publicize the full story about Russian hackers and social media trolling, “and how they relate to a broader strategy to undermine America,” said Rosenstein.

He noted that the Mueller probe began after Comey disclosed during a hearing before Congress that President Donald Trump “pressured him to close the investigation and the president denied that the conversation occurred.”

Rosenstein said two years ago, when he was confirmed, he was told by a Republican senator that he would be in charge of the probe and that he’d report the results to the American people.

However, he said he didn’t promise to do that, because it is “not our job to render conclusive factual findings. We just decide whether it is appropriate to file criminal charges.”

Source: NewsMax Politics

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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President Trump on Friday said “no money” was paid to North Korea for Otto Warmbier, after reports that the U.S. received a $2 million hospital bill from Pyongyang for the late American prisoner’s care.

“No money was paid to North Korea for Otto Warmbier, not two Million Dollars, not anything else. This is not the Obama Administration that paid 1.8 Billion Dollars for four hostages, or gave five terroist[sic] hostages plus, who soon went back to battle, for traitor Sgt. Bergdahl!” Trump tweeted Friday.

NORTH KOREA GAVE US $2M HOSPITAL BILL OVER CARE OF AMERICAN OTTO WARMBIER, SOURCES SAY

The Washington Post first reported that North Korean authorities insisted the U.S. envoy sent to retrieve Warmbier, 21, who was a student of the University of Virginia, sign a pledge to pay the bill before allowing Warmbier’s comatose body to return to the United States. Sources confirmed the bill and the amount to Fox News on Thursday.

Sources told the post that the envoy signed an agreement to pay the medical bill on instructions from the president, but a source told Fox News that the U.S. did not ever pay money to North Korea.

The White House declined to comment when asked on the bill, with Press Secretary Sarah Sanders saying in a statement that: “We do not comment on hostage negotiations, which is why they have been so successful during this administration.”

Meanwhile, the president added: “’President[sic] Donald J. Trump is the greatest hostage negotiator that I know of in the history of the United States. 20 hostages, many in impossible circumstances, have been released in last two years. No money was paid.’ Cheif[sic] Hostage Negotiator, USA!”

Warmbier was on tour in North Korea when he allegedly stole a propaganda sign from a hotel. He was arrested in January 2016 and sentenced to 15 years in prison with hard labor in March 2016. Warmbier, for unknown reasons, fell into a coma while in custody and was held in that condition for an additional 17 months.

North Korean officials did not tell American officials until June 2017 that Warmbier had been unconscious the entire time. He died less than a week after he returned to the U.S. North Korean officials, though, have repeatedly denied accusations that Warmbier was tortured, instead claiming that he had suffered from botulism and then slipped into a coma after taking a sleeping pill.

AMERICAN PRISONERS HELD IN NORTH KOREA ON THEIR WAY HOME AFTER POMPEO VISIT, TRUMP SAYS

Fred and Cindy Warmbier sued North Korea over their son’s death and in December were awarded $501 million in damages – money that the Hermit Kingdom will probably never pay.

While the Warmbiers blamed North Korean leader Kim Jong Un, Trump has said he believes Kim’s claims that he did not know about the student’s treatment.

Trump and Kim have met in two separate summits. The most recent, held in February, ended without an agreement on denuclearization of the Korean Peninsula.

Sen. Rob Portman, R-Ohio, told Fox News: “Otto Warmbier was mistreated by North Korea in so many ways, including his wrongful conviction and harsh sentence, and the fact that for 16 months they refused to tell his family or our country about his dire condition they caused.  No, the United States owes them nothing. They owe the Warmbier family everything.”

Last year, the Trump administration was also able to save three American prisoners held by North Korea. Kim Dong Chul, Tony Kim, and Kim Hak Song were all detained in North Korea. Secretary of State Mike Pompeo brought the three Americans home last May, and said they were all in “good health.”

Fox News’ John Roberts, Rich Edson, Nicholas Kalman, and Mike Emanuel contributed to this report.

Source: Fox News Politics

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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