Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am


Upcoming shows
Real News

NOW ON AIR
Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

PewDiePie ‘Sickened’ by NZ Shooter Uttering His Name Ahead of Mosque Rampage

Police have arrested four people following attacks that took place in two Muslim places of worship in Christchurch on Friday afternoon (local time). One of the shooters wrote in a manifesto that he’d carried out the attack to “directly reduce immigration rates to European lands”.

The gunman who live-streamed himself killing Muslims at two mosques in Christchurch, New Zealand on Friday appeared to be rooting for the Swedish blogger.

In an extremely graphic 17-minute video published on an American internet forum, he can be heard saying “Remember lads, subscribe to PewDiePie” as he drove to the Al Noor Mosque.

An excerpt from the video:

Pewds himself condemned the shooting, saying that he was “absolutely sickened” by the shooter mentioning his name.

The man, who was apparently wearing a GoPro device, filmed himself storming into the mosque and gunning down worshippers with a semi-automatic weapon.

In the video, dozens appeared to be wounded or deceased, with reports circulating that he also opened fire at another Christchurch mosque. Fourty-nine people have been killed in these two attacks and nearly 20 wounded.


The tragic crash of a Boeing airplane has countries around the globe reevaluating their safety standards. Alex explains how the autopilot function follows the path of robots replacing humans.

The man in the shocking video described himself as Brenton Tarrant, a 28-year-old Australian. His Twitter and Facebook accounts have been taken down, but he published a lengthy manifesto shortly before the shooting, which sheds light on his beliefs and motives.

He described his actions as a “terrorist attack” and called himself a fascist. In the manifesto, he said white people are failing to reproduce and are being replaced by the “non-European population” as a result of mass immigration — something that he called an “invasion”.

He said he wanted to “take revenge” for Europeans lost to terror attacks in Europe, and it appears that he was most outraged by the death of Ebba Akerlund, a Stockholm schoolgirl who was one of the four people killed by a Muslim asylum-seeker who drove a hijacked lorry into a crowd in April 2017.

He said his actions were also inspired by a 2017 trip to France, where he was disappointed with the state of the cities; he described what he saw as an “invasion of France by non-whites”.

New Zealand Prime Minister Jacinda Ardern condemned the shooting, saying there is “no place” in the country for such acts of violence. “This is one of New Zealand’s darkest days,” she added. “Clearly, what has happened here is an extraordinary and unprecedented act of violence.”

Source: InfoWars

0 0

Watch Live! Mueller Rorschach Test: Democrat Insanity On Display

DNA Force Plus

Limited Advanced Release

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

0 0

Ford Motor chairman says ‘very’ confident in CEO Hackett

Newly named Ford Motor Company president and CEO James Hackett answers questions from the media during a press conference at Ford Motor World Headquarters in Dearborn
FILE PHOTO - Newly named Ford Motor Company president and CEO James Hackett answers questions from the media during a press conference at Ford Motor World Headquarters in Dearborn, Michigan, U.S., May 22, 2017. REUTERS/Rebecca Cook

March 12, 2019

HOUSTON (Reuters) – Ford Motor Co Executive Chairman Bill Ford said on Tuesday he is very confident in Chief Executive James Hackett’s leadership and that the automaker is considering striking supply deals with a lithium producer.

Ford, speaking to Reuters on the sidelines of the CERAWeek energy conference in Houston, also said he was unaware of any conversations between Alphabet Inc’s Waymo self-driving vehicle unit and Volkswagen.

Media reports in recent weeks suggested Waymo was eyeing a deal with Volkswagen, which could have imperiled Ford’s partnership with the German automaker. Volkswagen Chief Executive Herbert Diess denied those reports earlier on Tuesday.

(Reporting by Ernest Scheyder; Editing by Marguerita Choy)

Source: OANN

0 0

Australia’s Cardinal Pell faces sentencing for abusing two choir boys

Cardinal George Pell arrives at County Court in Melbourne
Cardinal George Pell arrives at County Court in Melbourne, Australia, February 27, 2019. AAP Image/Erik Anderson/via REUTERS

March 12, 2019

MELBOURNE (Reuters) – Former Vatican treasurer Cardinal George Pell will be sentenced on Wednesday after his conviction for sexually abusing two choir boys in Melbourne in the 1990s, with the judge expected to impose a prison term on the Catholic Cardinal.In a rare move reflecting interest in the high-profile case, the sentencing will be broadcast live on television although the camera will only show the judge and not the court room.

Pell, the most senior Catholic worldwide to be convicted for child sex offences, faces a maximum of 10 years in jail for each of the four charges of indecent acts and one charge of sexual penetration on which he was found guilty.

A jury unanimously convicted the 77 year-old in December, however the verdict was only made public on Feb 26, when further child sex offence charges against Pell dating back to the 1970s were dropped.

Pell has maintained his innocence throughout and has filed an appeal on three grounds, set to be heard in June. He has been in jail since Feb. 27, when his bail was revoked after a sentence plea hearing.

The County Court of Victoria had come under fire for suppressing coverage of Pell’s trial, as he is seen as the face of the Catholic Church in Australia which has protected paedophile priests. The suppression order was intended to ensure an impartial jury in the second trial that had been planned.

“Given the speculation and outpouring of anger and distress over the conviction, the reaction to sentencing will be likely highly emotionally charged and extremely polarizing,” said Cathy Kezelman, president of the Blue Knot Foundation, a support group for victims of childhood trauma.

Pell’s lawyer, Robert Richter, argued for a light sentence, based on Pell’s age, heart problems, no prior history of offending, no physical injuries to the victims and the fact the duration of the offences was short.

Richter sparked a furor when, in seeking a light sentence, he called the offence “a plain vanilla sexual penetration case”, remarks for which he later apologized.

The court’s chief judge, Peter Kidd, said he was not convinced by those arguments, saying Pell had engaged in “callous, brazen offending” against two boys in a room with an open door, causing trauma and distress.

“It was imbued with arrogance, aggression and impunity,” Kidd told the court.

The court said Kidd’s sentencing would be aired live by the Australian Broadcasting Corp at 10 a.m. (2300 GMT) on Wednesday.

“The County Court is committed to the principles of open justice,” a spokesman said.

(Reporting by Sonali Paul; Editing by Robert Birsel)

Source: OANN

0 0

Japan to require crypto exchanges to bolster internal oversight: source

Men walk toward a sign of Japan's Financial Services Agency in Tokyo
FILE PHOTO: Men walk toward a sign of Japan's Financial Services Agency in Tokyo August 7, 2014. REUTERS/Toru Hanai

April 16, 2019

TOKYO (Reuters) – Japan’s financial regulator will require cryptocurrency exchanges to strengthen internal oversight of the so-called “cold wallets” used to store digital money, a source with direct knowledge of the matter told Reuters on Tuesday.

The move by the Financial Services Agency (FSA) highlights the difficulties in ensuring security of virtual currencies, as well as the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth.

Following a series security lapses at exchanges last year, the FSA restricted use of less-secure “hot wallets” – where virtual currencies are stored on platforms directly connected to the internet – prompting exchanges to shift to “cold wallets”, storage devices that are not connected to the internet and therefore more secure.

But the FSA has since determined that there are risks of internal theft, even with the cold wallets, the source said. Some exchanges failed to have rules where the person in charge of the storage would be regularly rotated out, the source said, declining to be identified because the information has yet to be made public.

There are 19 registered cryptocurrency exchanges in Japan although that includes some that are not yet operational.

The FSA will order the exchanges it deems to have security lapses to improve their security, the source said. The FSA did not respond to a request for comment.

Japan in 2017 became the first country to regulate cryptocurrency exchanges at a national level. Last year hackers stole $530 million of digital money from a Tokyo-based exchange.

(Reporting by Takahiko Wada; Writing by David Dolan; Editing by Muralikumar Anantharaman)

Source: OANN

0 0

Factbox: German exposure to U.S. tariffs on European car imports

FILE PHOTO - A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad
FILE PHOTO - A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike Blake/File Photo

February 22, 2019

FRANKFURT (Reuters) – U.S. President Donald Trump this week warned EU policymakers that the United States would impose tariffs on European car imports if a trade deal could not be reached.

Washington has said a 25 percent tariff on cars sourced from the European Union could be imposed on national security grounds, a step that European policymakers have called unwarranted.

German carmakers Volkswagen, Daimler and BMW, which have large plants in the United States, could be among the hardest hit.

EXPORTS TO THE UNITED STATES

The United States bought 27.2 billion euros’ ($31 billion) worth of German vehicles and components last year, making it the largest export market for the German auto industry, according to statistics released by Berlin’s Federal Statistics office this week.

Together the Germans, including VW, Porsche, Mercedes-Benz BMW and Audi, sold 1.34 million cars and vans in the United States last year, according to German auto industry association VDA.

German companies built 750,000 luxury cars at U.S. plants, of which 44 percent were sold locally and the rest exported overseas, including 95,000 cars to China.

Around 690,000 German vehicles sold in the United States last year were imported from factories within the European Union, of which 470,000 came from German plants, VDA said.

DAIMLER

For Daimler-owned Mercedes-Benz, the United States is the second most important sales market globally, behind China. Around 316,000 Mercedes-Benz vehicles were sold in the United States in 2018, or around 14 percent of the brand’s global sales. Parent company Daimler declined to comment on how many cars were exported from Europe to the United States.

Daimler’s U.S. factory in Tuscaloosa, Alabama has a production capacity of 300,000 vehicles and employs 3,700 people. It makes the GLE, GLE Coupe and GLS models.

BMW

The Munich-based carmaker which owns the BMW, Mini and Rolls-Royce brands, said it sold 355,000 cars in the United States last year and exported 102,354 cars from its plant in Spartanburg, South Carolina, to Europe. The BMW brand on its own sold 311,014 cars.

Around 70 percent of the total production in Spartanburg, which builds BMW X3, X4, X5 and X6 vehicles, is exported outside of the United States, including 48,537 cars to China, 29,205 to Germany and 16,864 to the United Kingdom.

VOLKSWAGEN

Volkswagen Group, which also owns the Audi, Bentley, Bugatti, Lamborghini and Porsche brands, delivered 638,300 cars in the United States in 2018.

The multi-brand group imported 301,200 VW and Audi cars from Mexico to the U.S. and a further 236,000 cars from Europe.

VW brand sold 354,064 cars in the U.S. last year of which 101,100 were built locally at a VW plant in Chattanooga, Tennessee.

VW’s premium brand Audi sold 223,000 cars in the United States last year, of which 153,000 were imported from Europe and around 70,000 Audi Q5 sports utility vehicles from Mexico.

VW’s other sportscar brand Porsche sold 57,000 cars in the United States. Neither Audi nor Porsche has a factory in the U.S.

Analysts at Evercore ISI estimate that VW Group faces a 2.549 billion euro impact if the United States goes ahead and imposes a 25 percent tariff on imports from the EU. Daimler, which owns Mercedes-Benz and Smart, faces a 2 billion euro tariff hit while BMW, which owns Mini and Rolls-Royce, will take a 1.7 billion euro blow, Evercore said.

(Reporting by Ilona Wissenbach, Jan Schwartz, Edward Taylor; Editing by Susan Fenton)

Source: OANN

0 0

Zimbabwe opposition politician fined over false election results

FILE PHOTO - Zimbabwe's former finance minister and opposition leader Tendai Biti looks on after appearing at the Magistrate Court in the capital Harare
FILE PHOTO - Zimbabwe's former finance minister and opposition leader Tendai Biti looks on after appearing at the Magistrate Court in the capital Harare, Zimbabwe August 10, 2018. REUTERS/Philimon Bulawayo

February 18, 2019

HARARE (Reuters) – Zimbabwe’s former finance minister and senior opposition politician Tendai Biti was on Monday convicted and fined $200 for unlawfully and falsely announcing the results of last year’s presidential election that was won by Emmerson Mnangagwa.

Biti, vice chairman of the main opposition Movement for Democratic Change (MDC) party, was charged last year after announcing that MDC leader Nelson Chamisa had won the presidential election. Biti was later deported by Zambian authorities after a failed asylum bid.

The MDC and Chamisa continue to dispute Mnangagwa’s victory, which was also upheld by the country’s top court, and say Zimbabwe’s political and economic problems will not be fixed until the president’s legitimacy is resolved.

Magistrate Gloria Takundwa said state prosecutors had proved the case against Biti, whom she said would be jailed for six months if he commits a similar offence in the next five years.

Biti’s lawyer Alec Muchadema, who paid the $200 fine, said he would appeal against the conviction and sentence.

“I am absolutely innocent and we will be appealing that decision. It’s unacceptable what is happening, we will keep on fighting,” Biti told reporters outside the courthouse.

Chamisa said Biti was being persecuted for telling the truth and that the former finance minister was one of many MDC leaders being targeted by Mnangagwa’s government in a bid to cripple the opposition. The government has denied the charge.

(Reporting by MacDonald Dzirutwe, editing by Ed Osmond)

Source: OANN

NOW ON AIR
Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am



Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist