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Withdrawal of 1,000 Burundian soldiers from Somalia begins

An official in Burundi says the withdrawal of 1,000 Burundian soldiers from the African Union regional force in Somalia has begun.

The military official in Burundi, who insisted on anonymity because he is not authorized to speak to the press, said Thursday that about 200 soldiers boarded a flight from Somalia to Burundi's capital, Bujumbura, in the afternoon.

More soldiers are expected to be flown back from Burundi in the coming weeks.

The African Union says it plans to withdraw the 21,500 troops that it has in Somalia by the end of 2020. The AU force, made up of soldiers from several African countries, has for years tried to secure the Horn of Africa country against the Islamic extremist rebels of al-Shabab.

Source: Fox News World

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Family plans to take Swiss bank Edmond de Rothschild private

FILE PHOTO: A logo of Banque Privee Edmond de Rothschild is seen on the bank building before a news conference for the group's 2010 results, in Geneva
FILE PHOTO: A logo of Banque Privee Edmond de Rothschild is seen on the bank building before a news conference for the group's 2010 results, in Geneva March 31, 2011. REUTERS/Denis Balibouse

March 13, 2019

ZURICH (Reuters) – The Benjamin de Rothschild family plans to take Swiss bank Edmond de Rothschild (Suisse) S.A. private as a way to consolidate Edmond de Rothschild banking activity and make the Swiss group its operative holding company, the bank said on Wednesday.

The offer price for each bearer share is 17,945 Swiss francs in cash, or 15,500 francs after deducting its proposed dividend, it said. The stock closed on Tuesday at 16,400. Founded in 1953, the private banking and asset management group has 170 billion Swiss francs ($168.72 billion) in assets under management.

(Reporting by Michael Shields)

Source: OANN

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Unearthed 1987 Video May Explain Biden’s Creepiness

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Frequent crossers of U.S.-Mexico border fret over threatened shutdown

The border fence between Mexico and the United States is pictured from Tijuana
The border fence between Mexico and the United States is pictured from Tijuana, Mexico March 29, 2019. REUTERS/Jorge Duenes

March 30, 2019

By Julio-Cesar Chavez

EL PASO, Texas (Reuters) – Workers and students who frequently cross the U.S. border with Mexico worried over the weekend about the impact on their lives if President Donald Trump follows through on a threat to shut entry points used by hundreds of thousands of people every day.

Faced with a surge of asylum seekers from Central American countries who travel through Mexico, Trump said on Friday that there was a “good likelihood” he would close the border this coming week if Mexico does not stop unauthorized immigrants from reaching the United States.

Shutting the southern frontier completely would disrupt billions of dollars in trade and millions of legal border crossings, including those made by U.S. citizen Andrea Torres.

The 22-year-old student spends weekdays with her aunt in El Paso, where she attends the local campus of the University of Texas, and weekends with her mother in Ciudad Juarez, Mexico.

On the border bridge linking the two cities, so many students cross every day that authorities have assigned them their own pedestrian lane.

“Right now, it’s better for me to stay in El Paso because I need to finish school,” Torres, who is studying art history, said on Friday as she headed to Juarez for the weekend.

That would mean missing her mom. “It would be really hard,” Torres said. “I’m really close to her.”

Gerardo Pozas, a 38-year-old mechanic, moved to El Paso from Juarez in 1997 to attend high school and later became a U.S. citizen. He has always retained strong ties with his birthplace. He worried what he would do if Trump closed the border.

“My family, my church and my girlfriend are (in Juarez). I wouldn’t be able to go,” Pozas said. “But if I stay there, in Ciudad Juarez, I wouldn’t be able to come to my house.”

Department of Homeland Security officials had already warned traffic with Mexico could slow as the agency shifts personnel from ports of entry to help process asylum seekers.

Delays were already being felt on Friday, with waiting times longer than usual on the Mexican side of the crossing between Juarez and El Paso, and hours-long lines for trucks carrying goods from Mexican factories into the United States.

Trade between the United States and its third-largest trading partner totaled $612 billion last year, according to the U.S. Census Bureau.

Trump, who launched his presidential campaign in 2015 with a promise to crack down on illegal immigration, has repeatedly threatened to close the border during his two years in office but has not followed through.

Mexico has played down the possibility of a border shutdown. On Friday its foreign minister, Marcelo Ebrard, said the country does not act on the basis of threats.

(For a graphic on ‘Trump threatens to shut U.S.-Mexico border’ click https://tmsnrt.rs/2V59n2R)

(Additional reporting by Jose Luis Gonzalez in Ciudad Juarez and Julia Love in Mexico City; Writing by Alex Dobuzinskis; Editing by Daniel Wallis and James Dalgleish)

Source: OANN

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Exclusive: Trident Energy takes lead in Petrobras oilfield sale – sources

FILE PHOTO: A man walks in front of the Brazil's state-run Petrobras oil company headquarters in Rio de Janeiro
FILE PHOTO: A man walks in front of the Brazil's state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil December 5, 2018. REUTERS/Sergio Moraes

March 20, 2019

By Gram Slattery and Carolina Mandl

RIO DE JANEIRO/SAO PAULO (Reuters) – Warburg Pincus-backed firm Trident Energy is in exclusive talks with Petroleo Brasileiro SA to acquire a pair of Brazilian oil clusters, two sources with knowledge of the matter said this week, as the state-run company known as Petrobras moves to revive the sale effort.

Petrobras had agreed in July to enter into exclusive talks with Ouro Preto Oleo e Gas, a Brazilian energy company backed by private equity firm EIG Global Energy Partners, to sell its Pampo and Enchova shallow water oil clusters off the coast of Rio de Janeiro.

At the time, the clusters were expected to fetch around $1 billion. However, Ouro Preto reduced its offer and Petrobras walked away, Reuters reported in January.

Petrobras has since entered exclusive talks with Trident Energy, which had bid for the fields in 2018 but did not enter into direct talks with Petrobras because its offer was below Ouro Preto’s offer, according to the sources.

Trident was set up by former executives of independent Anglo-French oil firm Perenco in 2016. Its portfolio is comprised of production assets located in Equatorial Guinea. An acquisition of the Pampo and Enchova clusters in Brazil’s Campos Basin would mark its first foothold outside of Africa.

Petrobras and Trident did not respond to requests for comment.

Petrobras is currently divesting a wide range of mature onshore and offshore oilfields, among other assets, in a bid to cut debt and refocus on Brazil’s promising deepwater ‘pre-salt’ play. Last week, Petrobras CEO Roberto Castello Branco said he expected the company would complete $10 billion in divestments in the first four months of 2019.

The quick pivot to Trident after the collapse of talks with Ouro Preto illustrates the resolve of Petrobras to push ahead with those asset disposals. The often complex sales have proceeded in fits and starts.

Should Petrobras and Trident come to terms, the sources said, Petrobras will likely hold a final rebidding round, in which competing parties, including Ouro Preto, can submit final bids of varying values for Pampo and Enchova, so long as those bids have the same contractual terms as any agreement with Trident.

Together, Pampo and Enchova produced almost 39,000 barrels of oil equivalent per day, according to July figures, making it the largest mature production asset in Petrobras’ divestment portfolio.

(Reporting by Gram Slattery and Carolina Mandl; Editing by David Gregorio)

Source: OANN

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Nvidia, Israel’s Cognata to partner on self-driving simulations

NVIDIA logo shown at SIGGRAPH 2017
FILE PHOTO: A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake

March 19, 2019

JERUSALEM (Reuters) – Israel-based Cognata, a developer of simulation platforms for self-driving cars, said on Tuesday it was partnering with U.S. chip supplier Nvidia Corp to speed up testing and validation for autonomous driving.

The companies will deliver an array of scenario and traffic models using large-scale, hardware-in-the-loop simulation, it said.

The simulation, Cognata said, will reduce testing time and costs, as well as produce better product quality and increase safety.

“Highly accurate and scalable traffic model simulation technology is essential to validate autonomous vehicle systems within nearly infinite combinations of real-world scenarios,” said Cognata CEO Danny Atsmon.

(Reporting by Ari Rabinovitch; Editing by Steven Scheer)

Source: OANN

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National final: Virginia leads Texas Tech 32-29 at halftime

NCAA Basketball: Final Four-National Championship-Virginia vs Texas Tech
Apr 8, 2019; Minneapolis, MN, USA; Virginia Cavaliers guard Braxton Key (2) dunks the ball against Texas Tech Red Raiders guard Matt Mooney (13) during the first half in the championship game of the 2019 men's Final Four at US Bank Stadium. Mandatory Credit: Bob Donnan-USA TODAY Sports

April 9, 2019

MINNEAPOLIS – Virginia led Texas Tech 32-29 at halftime of the NCAA national championship game at U.S. Bank Stadium on Monday.

Virginia guard Ty Jerome’s triple from the top of the key ended a tug-of-war first half during which the teams combined for 10 3-pointers. The first half featured five ties and four lead changes.

For a stretch of more than six minutes, Texas Tech (31-6) answered every Virginia score

Kyle Guy’s 3-pointer knotted the game at 27, answering a jumper from Texas Tech’s Brandone Francis. Guy led all scorers with 10 at halftime.

Texas Tech went ahead for the first time with 5:22 left in the half. A pair of Kyler Edwards free throws broke a 21-all tie and Matt Mooney’s jumper pushed the lead to four.

Virginia (34-3) looked to have Texas Tech on the ropes early, holding a 17-7 lead, until the Red Raiders dropped in 3s on three trips in a row to awaken the building. The stretch cut the Cavaliers’ edge to 19-16 at the under-8 media timeout.

Texas Tech was only 1 of 11 from the floor when Francis started the barrage. Texas Tech got a triple from Edwards 32 seconds later and another from Francis with 8:24 on the clock in the first half.

Texas Tech missed its first nine field goals. Sophomore guard Davide Moretti made a 3-pointer 7:20 into the first half to break the cold snap, but the Red Raiders trailed 9-6.

–By Jeff Reynolds, Field Level Media

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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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes
FILE PHOTO: New England Patriots owner Robert Kraft attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017. REUTERS/Eric Gaillard

April 26, 2019

(Reuters) – New England Patriots owner Robert Kraft’s lawyers on Friday are set to ask a Florida judge to toss out hidden-camera videos that prosecutors say show the 77-year-old billionaire receiving sexual favors for money inside a Florida massage parlor.

The owner of the reigning Super Bowl champions plans wants the video to not be used as evidence against him as he contests two misdemeanor counts of soliciting prostitution at the Orchids of Asia Spa in Jupiter, Florida, along with some two dozen other men.

His legal team is fresh off a win on Tuesday, when they successfully persuaded Palm Beach County Judge Leonard Hanser to block prosecutors from releasing the hidden-camera footage to media outlets, which had requested copies under the state’s robust open records law.

Kraft, who has owned the franchise since 1994, pleaded not guilty, but has issued a public apology for his actions.

His attorneys have argued in court papers that the surreptitious videotaping of customers, including Kraft, inside a massage parlor was governmental overreach and the result of an illegally obtained search warrant.

The warrant, Kraft’s lawyers claim, was secured under false pretenses because police officers cited human trafficking as a potential crime in their application. Prosecutors have since acknowledged that the investigation yielded no evidence of trafficking.

Palm Beach County prosecutors in a court filing on Wednesday said Kraft’s motion should be rejected because he could not have had any expectation of privacy while visiting a commercial establishment to engage in criminal activity.

That prompted an indignant response from Kraft’s attorneys, who said the prosecution’s position on privacy was “unhinged.”

“It should go without saying that Mr. Kraft and everyone else in the United States have a reasonable expectation that the government will not secretly spy on them while they undress behind closed doors,” they wrote.

(Reporting by Joseph Ax, editing by G Crosse)

Source: OANN

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