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German conservatives float compromise to defuse EU row with Hungary’s Orban

FILE PHOTO: Hungary's National Day celebrations in Budapest
FILE PHOTO: Hungarian Prime Minister Viktor Orban speaks during Hungary's National Day celebrations in Budapest, Hungary, March 15, 2019. REUTERS/Lisi Niesner/File Photo

March 20, 2019

By Marton Dunai and Andreas Rinke

BRUSSELS/BERLIN (Reuters) – Germany’s conservatives floated a compromise in a long-running dispute between Hungary’s Prime Minister Viktor Orban and the EU’s center-right grouping that could avert his party’s expulsion over concerns about Budapest’s authoritarian drift.

Orban, a feisty nationalist, was due in Brussels on Wednesday for a meeting to decide the fate of his Fidesz party after 13 sister organizations in the European People’s Party (EPP) urged its expulsion.

Annegret Kramp-Karrenbauer, head of Germany’s Christian Democrats, the largest party in the EPP, said Fidesz should be suspended, but not expelled, for violating the grouping’s values with contested judiciary reforms and anti-immigration campaigns.

“As long as Fidesz does not fully restore trust there cannot be normal full membership,” Kramp-Karrenbauer told Reuters.

A membership “freeze” would be an option, added Kramp-Karrenbauer, who is the frontrunner to eventually replace German Chancellor Angela Merkel.

Austria’s Chancellor Sebastian Kurz and Bavaria’s premier Markus Soeder, both EPP members, supported her position, sources close to Kramp-Karrenbauer said.

But, as Orban’s decision to attend in person what would normally be a routine administrative meeting demonstrates, the stakes are high: EPP membership for Fidesz confers mainstream respectability and influence that other populist parties lack.

The decision poses a particular headache for Manfred Weber, the EPP’s lead candidate in May’s European Parliament elections, whose chances of succeeding Jean-Claude Juncker as head of the executive European Commission would be reduced without the votes of Fidesz’s European lawmakers, of whom there are currently 12.

Juncker, who was the target of a Hungarian government poster campaign depicting him as a proponent of mass immigration into Europe and a puppet manipulated by wealthy Hungarian-American philanthropist George Soros, wants Fidesz expelled.

JUNCKER BACKS EXPULSION

On Wednesday Juncker, who is also from the EPP, repeated his call for Fidesz to be kicked out of the grouping.

“I think that Mr Orban is a long way from basic Christian Democratic values,” he told German radio.

The EPP grouping, the largest in the European Parliament, is also concerned over Orban’s campaign against the private Central European University in Budapest that Soros founded.

Sources close to Weber said Orban had at least partially met the German conservative’s conditions for keeping Fidesz in the EPP, including by apologizing to colleagues in the grouping for labeling them immigration-backing “useful idiots”.

The sources said the EPP committee in Brussels would vote on Wednesday on proposals to deprive Fidesz of the right to vote in meetings of the grouping or to propose candidates for posts. Fidesz would also no longer be present at all meetings.

Weber also proposed that former European Council president and Belgian prime minister Herman van Rompuy could head a monitoring committee to evaluate Fidesz’s cooperation with its sister parties, the sources added.

However, some were not sure Fidesz – which has a big majority in Hungary’s parliament – would accept being suspended.

“I think in reality this means that Fidesz will leave the group,” said Swedish conservative Gunnar Hokmark. “I don’t think they will appreciate being suspended. And anyway they will not be able to live up to the conditions.”

(Additional reporting by Madeline Chambers in Berlin, writing by Thomas Escritt; Editing by Gareth Jones)

Source: OANN

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Trump Can Save Billions by Ending Translation Program

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Democrats Press for Full Release of Mueller's Report

Democrats are pressing for full disclosure of special counsel Robert Mueller's report on the Russia investigation and vowing to use subpoena powers and other legal means if necessary to get it.

Attorney General William Barr was expected to release his first summary of Mueller's findings on Sunday, people familiar with the process said, on what lawmakers anticipated could be a day of reckoning in the two-year probe into President Donald Trump and Russian efforts to elect him. Since receiving the report Friday, Barr has been deciding how much of it Congress and the public will see.

Democrats are on a hair trigger over the prospect that some information may be withheld.

"I suspect that we'll find those words of transparency to prove hollow, that in fact they will fight to make sure that Congress doesn't get this underlying evidence," Rep. Adam Schiff of California, chairman of the House intelligence committee, said on ABC's "This Week."

His plan: Ask for information and if that's denied, "subpoena. If subpoenas are denied, we will haul people before the Congress. And yes, we will prosecute in court as necessary to get this information."

At his resort in Florida, Trump stirred from an unusual, nearly two-day silence on Twitter with the anodyne tweet Sunday morning: "Good Morning, Have a Great Day!" Then followed up: "MAKE AMERICA GREAT AGAIN!"

Democratic Rep. Jerrold Nadler, chairman of the House Judiciary Committee, said Democrats won't be willing to wait long for the Justice Department to hand over full information on the probe into whether Trump's 2016 campaign coordinated with Russia to sway the election and whether the president later sought to obstruct the investigation.

"It won't be months," he said on CNN's "State of the Union."

Asked if he still believes Trump obstructed justice, he indicated there has been obstruction but "whether it's criminal is another question."

Barr and Deputy Attorney General Rod Rosenstein, who appointed Mueller and oversaw much of his work, analyzed the report on Saturday, laboring to condense it into a summary letter of main conclusions.

The Russia investigation has shadowed Trump for nearly two years and has ensnared his family and close advisers. And no matter the findings in Mueller's report, the probe already has illuminated Russia's assault on the American political system, painted the Trump campaign as eager to exploit the release of hacked Democratic emails to hurt Democrat Hillary Clinton and exposed lies by Trump aides aimed at covering up their Russia-related contacts.

Barr has said he wants to release as much as he can under the law. That decision will require him to weigh the Justice Department's longstanding protocol of not releasing negative information about people who aren't indicted against the extraordinary public interest in a criminal investigation into the president and his campaign.

Democrats are citing the department's recent precedent of norm-breaking disclosures, including during the Clinton email investigation, to argue that they're entitled to Mueller's entire report and the underlying evidence he collected.

Even with the details still under wraps, Friday's end to the 22-month probe without additional indictments by Mueller was welcome news to some in Trump's orbit who had feared a final round of charges could target more Trump associates or members of the president's family.

The White House sought to keep its distance, saying Sunday it had not been briefed on the report. Trump, who has relentlessly criticized Mueller's investigation as a "witch hunt," went golfing Saturday and was uncharacteristically quiet on Twitter. Not so one of his guests, musician Kid Rock, who posted a picture with the president and the tweet, "Another great day on the links!" He added: "What a great man, so down to earth and so fun to be with!!"

The conclusion of Mueller's investigation does not remove legal peril for the president.

He faces a separate Justice Department investigation in New York into hush money payments during the campaign to two women who say they had sex with him years before the election. He's also been implicated in a potential campaign finance violation by his former lawyer, Michael Cohen, who says Trump asked him to arrange the transactions. Federal prosecutors, also in New York, have been investigating foreign contributions made to the president's inaugural committee.

As for Mueller, absent the report's details it was not known whether he concluded the campaign colluded with the Kremlin to tip the election in favor of the celebrity businessman. A Justice Department official did confirm that Mueller was not recommending any further indictments, meaning the investigation had ended without any public charges of a criminal conspiracy, or of obstruction of justice by the president.

In a letter to the Republican and Democratic leaders of the congressional judiciary committees, Barr noted on Friday that the department had not denied any request from Mueller, something Barr would have been required to disclose to ensure there was no political interference. Trump was never interviewed in person by Mueller's team, but submitted answers to questions in writing.

In a conference call Saturday about next steps, Delaware Sen. Chris Coons, a member of the Senate Judiciary Committee, issued a warning for his fellow Democrats, some of whom have pinned high political hopes on Mueller's findings: "Once we get the principal conclusions of the report, I think it's entirely possible that that will be a good day for the president and his core supporters."

A number of Trump associates and family members have been dogged by speculation of possible wrongdoing. Among them are Donald Trump Jr., who helped arrange a Trump Tower meeting at the height of the 2016 campaign with a Kremlin-linked lawyer, and Trump's son-in-law, Jared Kushner, who was interviewed at least twice by Mueller's prosecutors.

All told, Mueller charged 34 people, including the president's former campaign chairman, Paul Manafort, his first national security adviser, Michael Flynn, and three Russian companies. Twenty-five Russians were indicted on charges related to election interference, accused either of hacking Democratic email accounts during the campaign or of orchestrating a social media campaign that spread disinformation on the internet.

Five Trump aides pleaded guilty and agreed to cooperate with Mueller and a sixth, longtime confidant Roger Stone, is awaiting trial on charges that he lied to Congress and engaged in witness tampering.

Peter Carr, spokesman for the special counsel, said Saturday that the case of former Trump campaign aide Rick Gates will be handed off to the U.S. attorney for the District of Columbia. Gates was a key cooperator in Mueller's probe and court papers show he continues to help with several other federal investigations.

Justice Department legal opinions have held that sitting presidents may not be indicted. But many Democrats say Trump should not be immune from a public accounting of his behavior. Though the department typically does not disclose negative information about people who are not indicted, officials have at times broken from that protocol.

Former FBI Director James Comey famously held a July 2016 news conference in which he criticized Clinton as "extremely careless" in her use of a private email server but said the FBI would not recommend charges. The Justice Department also took the extraordinary step of making available to lawmakers the details of a secret surveillance warrant obtained on a Trump campaign aide in the early days of the Russia probe.

Source: NewsMax Politics

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Concealed carry holder, felon killed in Chicago shootout

Chicago police say a 64-year-old man with a concealed carry license and a man recently released from prison fatally shot each other in what is believed to be an attempted robbery.

Police spokeswoman Officer Michelle Tannehill says Mark Miller was outside a property he owns on the city's South Side when the 33-year-old former inmate pulled a handgun and attempted to rob him on Thursday morning. Miller then pulled out his own handgun.

Tannehill says the gunman shot Miller in the abdomen, and Miller returned fire. She says both men were found dead at the scene, along with two firearms.

Authorities have not yet identified the gunman. Autopsies for both men are scheduled for Friday.

___

Information from: Chicago Tribune, http://www.chicagotribune.com

Source: Fox News National

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Cyprus police link suspect to disappearance of 3rd woman

A Cyprus court has extended for another two days the detention of a man suspected in the killings of two women after police connected him to another woman who disappeared 16 months ago.

The state-run Cyprus News Agency said investigators on Thursday told the court that a witness testified the suspect had photographs of 31-year-old Maricar Valtez Arquiola's temporary residence permit that were taken the day she disappeared in December 2017.

The suspect, a 35 year-old Cypriot military officer, admitted to investigators under questioning that he met Arquiola the day before she vanished.

Authorities on Thursday continued searching an abandoned, flooded mineshaft where the body of 38-year-old Marry Rose Tiburcio was discovered on April 14. The body of another unidentified Asian woman was found in the mineshaft six days later.

Tiburcio's six-year-old daughter remains missing.

Source: Fox News World

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IOC wants new Japan member as soon as possible: Bach

Bach President of the IOC attends a news conference after an Executive Board meeting in Lausanne
Thomas Bach, President of the International Olympic Committee (IOC) attends a news conference after an Executive Board meeting in Lausanne, Switzerland, March 27, 2019. REUTERS/Denis Balibouse

March 27, 2019

By Karolos Grohmann

LAUSANNE, Switzerland (Reuters) – The International Olympic Committee (IOC) is looking to appoint a new member for Japan soon following the departure of Japan Olympic Committee (JOC) chief Tsunekazu Takeda from the global ruling body, IOC President Thomas Bach said on Wednesday.

Takeda, who is under investigation in France for suspected corruption and will step down from his JOC role in June, ceased to be an IOC member on Tuesday after a decision by the IOC executive board. He had initially planned to leave that post in June as well.

Bach said the IOC Executive Board did not want any uncertainty regarding Takeda’s future with Tokyo hosting the Olympics next year.

“I think he (Takeda) also wanted to clear the way in the interest of Japan and also of the IOC,” Bach told a news conference, adding that the IOC would like to identify a successor as soon as possible.

“Japan not only being the host and a very strong member of the Olympic movement, we are interested in having as soon as possible a member in Japan.”

International gymnastics federation president Morinari Watanabe is an IOC member from Japan, though his membership is not individual but linked to the international federation presidency.

Takeda’s IOC departure means he also no longer heads the organization’s marketing commission, a key body in securing deals with major sponsors. The 71-year-old joined the IOC in 2012.

French prosecutors have questioned Takeda in Paris and placed him under formal investigation in December for suspected corruption in Tokyo’s successful bid to host the 2020 Summer Games.

Takeda, who was president of the 2020 bid committee, has been head of the JOC since 2001 and his resignation leaves a cloud hanging over both the national committee and organizers of the Tokyo Games.

French investigators have led a years-long probe into corruption in athletics and in early 2016 extended their inquiry into the bidding and voting processes for the hosting of the 2016 Rio de Janeiro and 2020 Tokyo Olympic Games.

Multi-million dollar payments made by the Tokyo bid committee to a Singapore consulting company are being examined.

Takeda has said there was nothing improper about the contracts made between the committee and the consultancy and that they were for legitimate work.

(Reporting by Karolos Grohmann, editing by Ed Osmond)

Source: OANN

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Fed may need to buy more bonds than before crisis to manage U.S. rates: official

FILE PHOTO: The Federal Reserve Board building on Constitution Avenue in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo

April 17, 2019

The Federal Reserve may need to buy more government bonds than it did before the 2008 financial crisis and conduct other money-market operations to implement its current approach to managing U.S. interest rates, a top central bank official said on Wednesday.

The Fed this year decided to indefinitely manage short-term interest rates by tweaking the interest it pays banks on excess money they keep at the central bank, a process that requires the central bank to keep a larger “balance sheet” and more bank reserves on hand than it did prior to the global financial crisis.

After that crisis, the Fed bulked up its holdings by buying Treasuries using bank reserves it created. In March, Fed officials decided to stop letting those reserves and its bond holdings decline. And to keep control of rates, officials will eventually have to start buying bonds again and building up bank reserves.

“The size of these purchases will need to be larger than similar pre-crisis operations,” in part because the Fed’s other liabilities – including paper currency and the U.S. government’s accounts – are bigger, Federal Reserve Bank of New York official Lorie Logan said in remarks prepared for delivery at an event in New York. The purchases would be “gradual and mechanical,” she said.

Logan is head of Market Operations Monitoring and Analysis at the Federal Reserve Bank of New York, which implements the Fed’s monetary policies by trading in the market and managing the central bank’s portfolio.

She said bank reserves are currently ample enough to manage interest rates well currently.

(Reporting by Trevor Hunnicutt; editing by Diane Craft)

Source: OANN

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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