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As China prevails, France’s Macron shuffles his cards in Djibouti

France's President Emmanuel Macron delivers a speech during the presentation of the Simone Veil prize, at the Elysee Palace, in Paris
France's President Emmanuel Macron delivers a speech during the presentation of the Simone Veil prize, at the Elysee Palace, in Paris, France March 8, 2019. Thibault Camus/Pool via REUTERS

March 11, 2019

By John Irish

DJIBOUTI/ADDIS ABABA (Reuters) – French President Emmanuel Macron on Tuesday sought to reassert the importance of France in its former colony Djibouti with Paris increasingly fearing China’s muscular role in Africa as it expands economic and military influence across the continent.

Djibouti, strategically located at the southern entrance to the Red Sea on the route to the Suez Canal, hosts France’s largest naval base on the continent and is home to some 1,400 personnel used to train African troops as well as to monitor the Horn of Africa and Yemen.

While it was seen as a vital outpost in the past, French administrations have disregarded it in recent years with Macron only the second French leader to visit the East African country in the last 20 years.

“France considered Djibouti for too long to be a territory that was won,” said a senior French diplomat based in the region. “But now the competition from China is fierce.”

Those comments echoed President Ismail Omar Guelleh’s public criticism in 2015 accusing France – from which it gained independence in 1977 – of abandoning Djibouti and investing very little.

Djibouti also hosts a U.S. military base used as a launch pad for operations in Yemen and Somalia, but in 2013, China opened its largest overseas military base in the country rivalling Paris and Washington directly.

In recent years, Beijing has provided economic aid, developed industrial production in the country and invested massively in high-profile public infrastructure projects, including restoring a French-made railway from 1917 linking Djibouti to Ethiopia’s capital Addis Ababa.

With a population of less than a million, it also handles 95 percent of the goods imported by Ethiopia, its landlocked neighbor with 100 million people.

“Strategically we need to strengthen the French presence threefold: economically, culturally and militarily,” Marielle de Sarnez, the head of France’s parliamentary foreign affairs committee, said after being dispatched by Macron last May. “It’s urgent. Otherwise we will lose ground.”

The unexpected peace accord between Ethiopia and Eritrea in 2018 has also reshuffled the cards for Djibouti.

The lifting of the United Nations Security Council’s arms embargo on Eritrea and other sanctions in November sparked Djibouti’s ire. It accuses Eritrea of occupying part of its territory and holding 13 Djiboutian soldiers.

French officials say they have raised this at the U.N. and see it as a way for Paris to assert its diplomatic influence in the region.

“What the Djiboutian authorities are expecting from us is that we remain active so that Djibouti fully has its place in the recomposition of the region,” a French presidential source said.

(Additional reporting by Reuters TV, editing by G Crosse)

Source: OANN

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Yuma, Arizona mayor declares emergency over migrant situation

An Arizona mayor on Tuesday declared an emergency in the city he represents due to what he said was the strain caused by the incoming flow of migrants.

Yuma Mayor Douglas Nicholls shared the news on Facebook, explaining that he “proclaimed a local emergency” in the city “due to the migrant family releases overwhelming the local shelter system.”

He went on ask for the federal government to step in and provide assistance.

PELOSI FUMES OVER WHITE HOUSE PLAN TO RELEASE IMMIGRANT DETAINEES IN SANCTUARY CITIES

“I am calling upon the federal government to alleviate the humanitarian crisis in Yuma, as our NGO’s are overcapacity and cannot sustain providing this aid,” the post said.

Nicholls, in a video, laid out his reasoning behind the declaration, saying that he ultimately feels that its what’s best for both Yuma and the incoming migrants.

Yuma Mayor Douglas Nicholls on Tuesday said he declared an emergency in the city he represents due to the strain caused by the incoming flow of migrants.

Yuma Mayor Douglas Nicholls on Tuesday said he declared an emergency in the city he represents due to the strain caused by the incoming flow of migrants. (Mayor Douglas Nicholls/Facebook)

“So it’s with a heavy heart that I declare that we’re at this point but it is something that I believe we need to do to make sure that our community is maintained and that the human rights of all the migrants are also maintained and that we have a path forward that respects both,” he said.

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The city of Yuma, Ariz., also tweeted about the proclamation, citing Nicholls, claiming that released migrants were coming into the area faster than they were leaving.

The move by the local official comes after President Trump declared a national emergency at the nation’s southern border earlier this year.

Fox News’ Adam Shaw contributed to this report.

Source: Fox News National

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Golf: PGA Tour drives idea of setting its own rules into rough

FILE PHOTO: PGA: AT&T Pebble Beach Pro-Am - Third Round
FILE PHOTO: February 9, 2019; Pebble Beach, CA, USA; PGA Tour commissioner Jay Monahan hits out of the bunker on the third hole during the third round of the AT&T Pebble Beach Pro-Am golf tournament at Pebble Beach Golf Links. Mandatory Credit: Kyle Terada-USA TODAY Sports - 12135979

March 13, 2019

(Reuters) – PGA Tour commissioner Jay Monahan ruled out his organization creating its own rules on Wednesday, saying he is happy to leave that task to golf’s two global governing bodies.

The rules of golf have been in the spotlight after new ones were introduced for 2019, with the biggest update in 50 years leading some players to being openly critical of and in some cases hostile towards certain tournament rulings.

World number four Justin Thomas described the new rules as “terrible”, while journeyman Andrew Landry called them “garbage” and called for the PGA Tour to create its own.

Monahan, who recently reminded players that the tour had been heavily involved in the rewriting of the rules, on Wednesday strongly defended the “fantastic” U.S. Golf Association and Royal & Ancient governing bodies.

“We have always played by their rules and we’ll continue to play by their rules,” he said in Florida on the eve of the Players Championship at TPC Sawgrass.

“We were fully supportive of the new rules because we were a participant in creating them.

“(When) you roll out 50 new changes there are going to be some things that work well and some that create debate. Lost in some of the discussion is all the things that are working really well.”

The change that appears to have caused most ire has been one that does not allow caddies to stand behind a player and help line up a shot.

This has led to a couple of two-stroke penalties, and also one situation in which a player had a penalty rescinded after officials acknowledged the new rule was causing confusion.

The wording was then tweaked in an effort to make it clearer.

Another bone of contention is that golfers must now drop the ball from knee height, rather than from shoulder height as previously.

Rickie Fowler was the first to fall foul of this when he took a penalty drop from shoulder height at the WGC-Mexico Championship and was penalized one stroke.

(Reporting by Andrew Both in Cary, North Carolina; Editing by Alexander Smith)

Source: OANN

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France’s Tereos appoints new executives amid industry-wide sugar slump

FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Chevrieres
FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Chevrieres, France, March 20, 2019. REUTERS/Benoit Tessier

April 24, 2019

PARIS/SAO PAULO (Reuters) – French sugar processing group Tereos has appointed Alex Leite, its head of international business development and M&A, as executive director of its sugar trading division as part of a global reorganization to weather an industry-wide slump.

According to a statement sent to Reuters on Wednesday, Leite will provide overall leadership at trading division Tereos Commodities Sugar and will report directly to Philippe Huet, who was recently named head of trade, marketing activities and chief of trading branch Tereos Commodities.

(Reporting by Sybille de La Hamaide in Paris and José Roberto Gomes in São Paulo; Writing by Ana Mano; Editing by Tom Brown)

Source: OANN

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ESPN’s digital service to be exclusive UFC pay-per-view provider in U.S.

FILE PHOTO: The ESPN logo is seen on an electronic display in Times Square in New York City
FILE PHOTO: The ESPN logo is seen on an electronic display in Times Square in New York City, U.S., August 23, 2017. REUTERS/Mike Segar

March 18, 2019

By Hilary Russ

NEW YORK (Reuters) – The streaming digital sports service ESPN+ will become the exclusive distributor of pay-per-view events for the Ultimate Fighting Championship (UFC) in the United States, the companies announced on Monday.

The events will begin on April 13, almost exactly a year since parent company Walt Disney Co launched ESPN+ to retain viewers as traditional cable audiences started migrating to online services such as Netflix Inc.

ESPN+ lured 568,000 new subscribers when UFC debuted in January after the Las Vegas-based mixed martial arts promoter, a unit of Endeavor, LLC, moved fights there from Fox Sports.

By the time Disney held its quarterly earnings call with investors in February, it said ESPN+ had signed up 2 million paying subscribers. It is the model for Disney+, a streaming service for family-friendly Disney content that is supposed to launch later this year.

The UFC deal takes the traditional pay-per-view (PPV) model to a new level, giving ESPN+ subscribers exclusive access to the “biggest and most important fights,” said Russell Wolff, ESPN+ executive vice president.

He would not say how many paying subscribers ESPN+ currently has.

The deal will also give the UFC something it has never had before: data about its PPV audience, including information about who is buying event access and viewers’ propensity to purchase goods, said UFC Chief Operating Officer Lawrence Epstein.

Fans will be able to access UFC content in one place, rather than having to jump to different platforms as they did in the past. The agreement does not impact UFC’s commercial sales to the thousands of U.S. bars and restaurants that air its fights, Epstein said.

Monday’s UFC deal is an expansion of its previous ESPN+ agreement, which covered media rights to UFC Fight Night and now runs through 2025 along with the PPV deal.

The expanded agreement covers 12 live PPV events per year that will be streamed in high definition in English and Spanish.

PPV UFC fights will cost $59.99 per event for current ESPN+ subscribers, slightly less than the $64.99 fans usually paid in the past. New subscribers will pay $79.99 for their first PPV event and get one-year of ESPN+ access.

(This story corrects name of UFC parent company to Endeavor, LLC in third paragraph)

(Reporting by Hilary Russ; Editing by Susan Thomas)

Source: OANN

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Golf: Holder Casey and American Cook share Valspar lead

PGA: Valspar Championship - Second Round
Mar 22, 2019; Palm Harbor, FL, USA; Paul Casey plays his shot from the 15th tee during the second round of the Valspar Championship golf tournament at Innisbrook Resort - Copperhead Course. Mandatory Credit: Jasen Vinlove-USA TODAY Sports

March 22, 2019

(Reuters) – Early starters Paul Casey and Austin Cook survived after a costly finish by one-time leader Luke Donald to earn a one-stroke advantage in Florida’s Valspar Championship on Friday.

Englishman Casey, the defending champion, shot 66 and American Cook 67 to hold onto the joint lead on six-under 136 after the second round at Palm Harbor, Florida.

Donald, who played behind compatriot Casey and Cook, had taken a one-shot lead with four holes to play but two bogeys coming home left him in a three-way tie for third after a scrambling one-under 70.

Level with the former world number one at 137 were American Scott Stallings (68) and South Korea’s Im Sung-jae (67).

Lurking another shot back was top-ranked Dustin Johnson, whose second consecutive 69 left the American in a three-way tie for sixth with Australian Curtis Luck (68) and first-round co-leader Joel Dahmen (72).

Casey put together an eagle, four birdies and a bogey at his last hole, the ninth, before the Florida breezes kicked up and the greens became more tricky.

“I’ve never (successfully) defended a professional event,” he told Golf Channel.

“I think mentally last year I was sort of hoping, obviously hoping, I would win, wanting to win. This year, knowing that I have won around here, I have just a slightly different approach to it.”

Cook turned to a new putter and liked the results as he recorded five birdies and a bogey.

“Something as simple as changing a putter can make a big difference sometimes,” he told PGA Tour Radio.

Scot Russell Knox, tied for third after the first round, barely made the cut after soaring from a 67 on Thursday to a 76 in windy conditions on Friday.

Australian Jason Day did fall over the cut line of plus one as the world number 12’s 71 was not enough to overcome an opening 74 as he ended play at three-over par.

(Reporting by Gene Cherry in Raleigh, North Carolina; Editing by Ken Ferris)

Source: OANN

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Russian defense ministry boasts about revived military power

Russia's defense minister says the military has commissioned more than 1,000 new aircraft and thousands of tanks in the past few years.

Sergei Shoigu boasted of the military's achievements during six years on the job, saying Monday in a speech to lawmakers that the armed forces have turned into a mobile force capable of projecting power abroad.

Shoigu noted that the military received more than 1,000 warplanes and combat helicopters and over 3,700 tanks in 2012-2018. He added that the army has formed 10 brigades armed with state-of-the-art Iskander missiles.

Shoigu said that the campaign in Syria that Russia has waged since 2015 showcases its military might and allowed the military to test its new weapons in combat, including shipborne and air-launched long-range cruise missiles.

Source: Fox News World

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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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