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Credit Suisse reshuffles executive board

FILE PHOTO: Switzerland's national flag flies next to the logo of Swiss bank Credit Suisse in Luzern
FILE PHOTO: FILE PHOTO: Switzerland's national flag flies next to the logo of Swiss bank Credit Suisse at a branch office in Luzern, Switzerland October 19, 2017. REUTERS/Arnd Wiegmann/File Photo

February 26, 2019

ZURICH (Reuters) – Credit Suisse Chief Executive Tidjane Thiam on Tuesday made Lara Warner group chief risk officer in a reshuffle of the Swiss bank’s executive board that comes after three years of restructuring.

Warner replaces Jo Oechslin, who is to take a new newly created senior advisor post for risk management while leaving the executive board. Warner previously held roles including chief financial officer for the investment banking division.

Credit Suisse also said Lydie Hudson, an 11-year Credit Suisse employee, was appointed chief compliance officer, while Antoinette Poschung, who joined the bank in 2008, will become global human resources head, replacing Peter Goerke.

Goerke, a longtime Thiam ally who also joined Credit Suisse from insurer Prudential Plc in 2015, will leave the executive board but take on a new role as senior advisor for new projects, with a focus on Asia and China. Both Hudson and Poschung join the executive board, Credit Suisse said.

Thiam, who has cut some 1,600 jobs, focused on wealth management and settled legal cases that piled up under his predecessors during a three-year restructuring program, said the executive leadership changes would help Credit Suisse “continue to make progress in our journey of improvement”.

“They reflect the quality of the talent available at the firm and the diversity of backgrounds and experiences among our leaders,” Credit Suisse said in a statement, adding the management changes are effective immediately.

(Reporting by John Miller, editing by John Revill)

Source: OANN

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Australian ISPs Ban Liveleak, But Not Facebook & Twitter Over Shooting Video

Australian ISPs have banned the popular video site Liveleak despite it having deleted uploads of the Christchurch shooting video – and despite Facebook and Twitter not getting blocked for the exact same thing.

The countries’ ISPs blocked their customers from accessing the site even though Liveleak published a statement stating it would not host videos of the Christchurch attack.

According to Guardian Australia:

A site that explicitly stated it would not host the horrific Christchurch terror video has been blocked by Australian telcos in an “extraordinary” effort to censor dozens of websites.

Telstra, Vodafone and Optus have all confirmed they are actively blocking Australian customers on their networks from accessing websites that hosted the Christchurch terror video.

None of the three telcos would say which sites had been blocked. The blocks are temporary and will be lifted when the footage is removed. The decision was made independently by telcos following industry-wide discussions, without any direction from law enforcement or the courts.

Facebook and Twitter were not targeted, despite hosting the video.

Although the telcos claim the ban is “temporary,” the mere fact that they’re selectively censoring web sites outside of law sets a very dangerous precedent, and there’s nothing really stopping them from banning sites permanently.

And as Guardian Australia reported, Facebook and Twitter weren’t blocked despite users having uploaded the video to its respective platforms.

Why not? Why was Liveleak banned but not Facebook and Twitter when all three of them seemingly appear to have done the exact same thing?

“On the eve of mass censorship of free speech and citizen journalism it seems this terror attack has played right in to the hands of those wanting to silence voices that are not of mainstream media source,” Liveleak said in a statement. “Even though LiveLeak has removed the video dozens of times having been uploaded.”

As previously reported, New Zealand telcos have also blocked its customers from viewing Zero Hedge.

“Less than a week after Facebook ‘mistakenly’ banned us for two days with no explanation following several reports which were critical of the social media giant, we learned that Zero Hedge has now been banned in New Zealand and Australia, despite the fact that we never hosted video footage of the Christchurch attack,” reported Zero Hedge. “We were not contacted prior to the censorship.”

“Instead, we have received a steady flood of people noting that the site is unavailable in the two countries unless a VPN is used.”



Big Tech has proven they care more about virtue signaling to the left than standing up for free speech as world wide laws are being pushed to censor the population.

Source: InfoWars

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Ex-CIA Brennan: No Doubt Trump Will Pardon Manafort

Former CIA Director John Brennan is predicting President Donald Trump will pardon his former campaign manager Paul Manafort.

In an interview on MSNBC posted on Twitter, Brennan said the only question is “when.”

“I don't have any doubt that Mr. Trump is going to pardon Paul Manafort at some point,” said Brennan, who is a contributor at the cable network.

If Manafort is convicted on state charges, however, “Donald Trump is not going to be able to pardon him for that,” Brennan said.

Manafort, a longtime lobbyist who led a presidential campaign, got less than four years behind bars for eight financial crimes, including bank fraud, tax fraud, and failure to disclose a foreign bank account. 

But the light sentence could be extended in a Washington, D.C., federal court in an illegal lobbying case, the Washington Examiner noted.

Meanwhile, White House press secretary Sarah Sanders said Monday Trump will "make his decision" on whether to pardon Manafort "when he's ready,” CNBC reported.

Related Stories:

Source: NewsMax Politics

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March Madness TV Ratings On CBS Plummet 26 Percent

David Hookstead | Reporter

The Thursday ratings for March Madness games on CBS weren’t pretty.

According to The Hollywood Reporter, games on CBS were down 26 percent from the same slots last tournament. Kentucky’s beatdown of Abilene Christian and Wofford’s win over Seton Hall only got a rating of 2.6, which means rough 2.6 percent of households with televisions tuned in. (RELATED: The March Madness Bracket Has Been Released)

Obviously, these numbers aren’t good at all. As of this moment, we don’t have the numbers for all the other games, but these CBS ratings are pathetic.

Down 26 percent? Are you kidding me? Did this country all of a sudden start hating cold beer and freedom? Our founding fathers are rolling over in their graves at these numbers.

All anybody is talking about these days is March Madness. It’s mind-boggling to me that the numbers are so bad. I honestly don’t understand it at all. (RELATED: Watch Wisconsin Beat Kentucky In The 2015 Final Four)

Kentucky is a national brand. No matter who they’re playing, you’d think plenty of people would tune in. I guess the Wildcats just aren’t the draw they once were.

You hate to see it!

Let’s hope the numbers rebound big time down the stretch because this country is doomed if people have given up on watching college basketball.

Follow David Hookstead on Twitter

Source: The Daily Caller

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Russia accuses Serbian opposition of stoking violence with protests

Protest against Serbian President Vucic in Belgrade
FILE PHOTO: Demonstrators face-off with riot police at a protest against Serbian President Aleksandar Vucic and his government in front of the presidential building in Belgrade, Serbia, March 17, 2019. REUTERS/Marko Djurica

March 18, 2019

MOSCOW (Reuters) – Russia’s Ministry of Foreign Affairs said on Monday it was seriously concerned by what it described as attempts by some opposition forces in Serbia to provoke violence during protests in Belgrade over the weekend.

Thousands of anti-government protesters staged a rally outside President Aleksandar Vucic’s residence on Sunday to press their demands for greater media freedom and free and fair elections, a day after they briefly broke into the state television building.

Russia’s foreign ministry noted what it called the “measured and balanced” reaction to the protests by authorities in Serbia, a close ally of Russia.

(Reporting by Maria Tsvetkova; writing by Tom Balmforth; editing by Andrew Osborn)

Source: OANN

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Report: Sen. Cruz Claims Yale Law Discriminates Christian Groups

Sen. Ted Cruz, R-Texas, is opening an investigation of Yale Law School for what he claims is discrimination against students with "traditional Christian views" — and threatens legal action if they do not cooperate, the Washington Examiner reported Thursday.

In a letter posted by the Examiner, Cruz writes Yale Law School Dean Heather Gerken that a new law school policy could deny financial help to students based on the religious affiliation of the organization they work for.

According to the Federalist, the blacklisting controversy began when an LGBTQ group at Yale complained about an invitation to the Christian law firm Alliance Defending Freedom to speak on campus.

The group, called Outlaws, "demanded that Yale Law School 'clarify' its admissions policies for students who support ADF's positions," the Federalist reported — and called for for a boycott of the speaking event.

"Over the next 24 hours, almost every student group jumped onto the bandwagon and joined the boycott," the Federalist reported.

"Let's call a spade a spade: ADF is a hate group that does not belong on our campus and does not deserve legitimization," a campus-wide email from Outlaws read, the Examiner reported.

In the wake of the complaints, Yale Law School announced it was changing its policies related to school stipends for students who wanted to spend their summers working for organizations the school felt violated their nondiscrimination rules.

Cruz called the policy "transparently discriminatory."

"The First Amendment protects both free speech and the Free Exercise of religion," Cruz said. "Yale's new policy does neither."

ADF employees — like many Christian organizations — must sign a statement of faith in which they affirm the Christian sexual ethic, which teaches "all forms of sexual immorality” — including homosexuality — "are sinful and offensive to God."

Source: NewsMax America

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Trump, GOP watch for Tillis vote on border emergency

The White House is watching him. Republicans in Washington and battleground North Carolina are taking note. And Sen. Thom Tillis is again in the tense middle of a test of how closely he'll stand with President Donald Trump.

"Just another day at the office," Tillis, R-N.C., told reporters on the way into yet another Republican meeting on whether to reverse the president's declaration of a national emergency to pay for his border wall. Just over an hour later, the GOP senators emerged with an answer: The vote is going to go against Trump, possibly with Tillis' help.

Tillis' strong statements of opposition to Trump's use of executive power are not the first time the former IBM consultant and state House speaker has defied the president, who often views other Republicans in terms of their loyalty to him. Tillis partnered with Democrats earlier this year on legislation to protect special counsel Robert Mueller's job investigating the president's campaign and Russia's interference in the 2016 election.

Tillis is the latest Republican to signal to the "I alone can fix it" president that Trump's power is not absolute, even in GOP circles. Increasingly, Republicans have been willing to defy Trump publicly on matters ranging from the murder of journalist Jamal Khashoggi to the president's apparently supportive stance toward Russia.

For Tillis, 58, decisions on how and when to support or oppose Trump are clearly shaded by his expected bid for a second Senate term next year — and the drive to hold off any strong challengers. In a floor speech and an op-ed in The Washington Post, Tillis made clear that he shares Trump's concerns about border security. But he firmly declared that Trump's effort to go around Congress to pay for his wall overstepped the Constitution's separation of powers.

"These are the reasons I would vote in favor of the resolution disapproving of the president's national-emergency declaration," he wrote.

Doing so would plant Tillis firmly among the Senate's influential centrists, such as Sen. Susan Collins, R-Maine.

Only Tillis' vote this week was not so firm at times. In meetings with Senate Republicans and Vice President Mike Pence, Tillis suggested that he might vote Trump's way — but only if the president agrees to limit a president's power to get federal money by declaring a national emergency. At one point Wednesday, one observer estimated as many as 15 Republican senators would vote against the president.

The uncertainty, and Tillis' apparent wavering, seemed aimed at appeasing the GOP base back home as well as independents.

"He needs both an enthusiastic party base as well as at least some unaffiliated voters to win," said Eric Heberlig, a political science professor at the University of North Carolina at Charlotte. "To appeal to one is basically to shut out support for the other."

While Tillis has been a reliable conservative vote during his first term, he's also pressed for bipartisanship, hardly letting a few days go by this year without news releases highlighting bills he's introduced with Democrats.

Republicans back home had questioned Tillis' support for Trump when he co-sponsored the legislation to protect Mueller's job. Tillis said in January he didn't believe Trump would fire the special prosecutor but called that bipartisan bill "good government policy with enduring value across the current and future administrations."

Dianne Parnell, chairwoman of the Rockingham County Republican Party, said Wednesday she's weighing whether Tillis' apparent second thoughts on the border emergency resolution changes her view of him.

"We want him to support our president," Parnell said, adding that now is not the time for Tillis to reach across the aisle and blaming Democrats for hyper partisanship. "I would be delighted if he changed his mind."

Suspicion about Tillis by Republican activists has been around for years. While Tillis helped lead the charge to conservative GOP control in the state legislature for the first time in 140 years in 2011, some on the far right didn't believe he was conservative enough.

That required Tillis to take on credible tea party adversaries in the 2014 Republican Senate primary before upsetting Democratic Sen. Kay Hagan later that year in a race where the two sides spent more than $100 million.

State Democrats are jumping on his potential change of heart on the resolution, with party spokesman Robert Howard saying Wednesday that it didn't take long for Tillis "to lose his spine and fall right back in line with President Trump."

___

Robertson reported from Raleigh, North Carolina. Associated Press writer Lisa Mascaro and researcher Rhonda Shafner contributed to this report.

Source: Fox News National

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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