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EU suspends Slovak tax on retail food sector pending outcome of in-depth investigation

FILE PHOTO: European Union and Slovakian flags are seen outside the Bratislava Castle (Hrad) ahead of an upcoming European Union summit in Bratislava
FILE PHOTO: European Union and Slovakian flags are seen outside the Bratislava Castle (Hrad) ahead of an upcoming European Union summit- the first one since Britain voted to quit- in Bratislava, Slovakia, September 15, 2016. REUTERS/Yves Herman/File Photo

April 2, 2019

BRUSSELS (Reuters) – The European Commission said on Tuesday it suspended a Slovak tax on the food retail sector pending the results of an in-depth investigation into whether certain exemptions from the tax gave some retailers a selective advantage over their competitors.

The tax, which applies to food retailers that operate in Slovakia, entered into force on 1 January 2019 and the first payment would have been due by the end of April 2019.

“The Commission … issued an injunction, requiring Slovakia to suspend the application of the measure until the Commission has concluded its assessment under EU State aid rules,” the EU executive said in a statement.

Under the tax, food retailers would pay a quarterly tax amounting to 2.5 percent of their total turnover, but they would be fully or partially exempted if they fulfill one of several conditions on size, geographic scope of operation in Slovakia and/or type of activities.

Retailers in trading alliances or franchises would not pay the tax, even though their combined turnover is comparable to that of the largest retailers.

The Commission said the construction of the tax meant it would be paid only by seven food retailers, six of which were foreign-owned, and the only Slovak-owned retailer subject to the tax would have a significant part of its turnover exempted.

“The Commission does not question Slovakia’s right to introduce a tax applicable to the food retail sector. At the same time, the tax system should respect EU law, including State aid rules, and should not unduly favor a particular type of companies, for example, companies operating in a smaller number of districts or members of trading alliances,” it said.

(Reporting By Jan Strupczewski)

Source: OANN

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Colombia lower house rejects president’s changes to peace tribunal

Colombian President Ivan Duque speaks during a hearing at the Constitutional Court in Bogota
FILE PHOTO - Colombian President Ivan Duque speaks during a hearing at the Constitutional Court in Bogota, Colombia March 7, 2019. Courtesy of Colombian Presidency/Handout via REUTERS

April 9, 2019

BOGOTA (Reuters) – Colombia’s lower house on Monday rejected President Ivan Duque’s suggested changes to a special tribunal tasked with trying former rebels and military officials for war crimes, the latest in a series of congressional defeats for Duque.

Duque had asked legislators to review six parts of the law that regulates the Special Jurisdiction for Peace (JEP) court, which was created as part of a 2016 peace deal between the government and the Revolutionary Armed Forces of Colombia (FARC) rebels.

But lawmakers defeated the proposal, with 110 voting to turn down the modifications and just 44 backing them.

The changes had been widely expected to be defeated because the peace accord is now part of the country’s constitution and changes to it require a two-thirds majority in the legislature.

Duque’s coalition has less than half of the seats in the lower house and a slender majority in the Senate.

Duque was elected on a promise to modify the peace accord, arguing it is too easy on former guerrillas. He asked congress to back better clarification of extradition rules, FARC repayment of conflict victims and to toughen sentencing.

He also objected to the suspension of investigations by ordinary authorities into cases submitted to the JEP and asked lawmakers to exclude sexual crimes from the tribunal’s remit.

The JEP is meant to investigate, hear prosecutions and sentence those judged responsible for massacres, sexual violence and other crimes during the five-decade war between the FARC and the government.

Duque has struggled since his August inauguration to get legislation approved in a deeply divided congress. His business-friendly tax reform proposal was diluted beyond recognition last year, while a justice bill was scrapped and a pension reform delayed until next year.

(Reporting by Julia Symmes Cobb; Editing by Lisa Shumaker)

Source: OANN

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Protests in Algeria against president's bid for 5th term

Demonstrators have taken to the streets in several Algerian towns to denounce President Abdelaziz Bouteflika's bid for a fifth term.

Security was tight Friday in the capital, Algiers, where hundreds of protesters headed to Martyrs Square in the city center.

The 81-year-old Bouteflika announced this month that he plans to seek a new term in April presidential elections despite serious questions over his fitness for office after a 2013 stroke left him largely infirm.

Other demonstrations have taken place in Oran, the country's second most important city, and in the northern towns of Akbou and Annaba.

Protesters are responding to anonymous calls on Algerian social media. Another demonstration is planned on Sunday in Algiers.

Source: Fox News World

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UK Conservatives slam Theresa May’s cross-party Brexit talks

Britain's pro-Brexit Conservatives are protesting angrily against Prime Minister Theresa May's decision to seek the opposition party's help in finding a compromise Brexit agreement.

May acknowledged Saturday that, despite her best efforts to persuade lawmakers to back her European Union divorce deal, "there is no sign it can be passed in the near future." She said there was no choice but to reach out to the opposition Labour Party. Otherwise, she says, Brexit could "slip through our fingers" unless a compromise alternative can be reached with Labour lawmakers.

But leading Conservative Brexiteer Jacob Rees-Mogg on Sunday slammed May's move to include Labour in the Brexit talks, and blamed her for failing to take Britain out of the EU already.

Three days of cross-party talks so far have ended with no agreement.

Source: Fox News World

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Bayer reaps profit lift from Monsanto seeds, consumer health

Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen
Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay

February 27, 2019

By Ludwig Burger

LEVERKUSEN, Germany (Reuters) – Bayer’s $63 billion purchase of U.S. seeds maker Monsanto made its mark on the German company’s fourth quarter earnings on Wednesday, lifting profit and boding well for the peak season of its enlarged agriculture business.

However, mounting litigation risks related to Monsanto still cast a pall over an adjusted core earnings rise of 15.8 percent, which was inflated by the addition of the U.S. group and helped by cost cuts at Bayer’s consumer healthcare business.

The pharmaceuticals and farming pesticides firm said adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was 2.07 billion euros ($2.4 billion), beating a 2 billion euro average analyst forecast.

Analysts said this showed early signs of recovery after years of weakness in demand and was also partly due to transitional service payments from BASF, which had acquired some of Bayer’s agriculture business under a deal that helped it get antitrust approval for the Monsanto acquisition.

Bayer’s shares were up 4.3 percent to 69.34 euros at 0937 GMT, the best performer on Germany’s DAX index.

“A starting recovery at Bayer’s agrochemicals and seeds (after 5 years of a downturn) could be … a significant share price trigger,” Baader Helvea analyst Markus Mayer said.

The positive result from Bayer appeared to conflict with rival Syngenta which has called agricultural market conditions challenging.

However at Bayer, previously announced write-downs on the value of consumer health brands and one-off charges from the closure of a German haemophilia drug plant led to an overall quarterly net loss of 3.9 billion euros.

Adjusted EBITDA at its non-prescription consumer products unit, which plans to shed the Coppertone sunscreen and Dr. Scholl’s footcare brands, rose 11 percent to 279 million euros in the quarter, on 4.9 percent lower sales, as it cut costs.

Meanwhile, litigation risks are piling up with the number of plaintiffs claiming damages over the alleged role of Monsanto’s popular weedkiller Roundup in causing cancer jumping to 11,200 from 9,300, Bayer’s results statement showed.

“The sword of Damocles continues to hang over Bayer,” Bryan Garnier analyst Jean-Jacques Le Fur said.

Bayer, which says scientists and regulators across the globe have found Roundup to be safe, faces a second U.S. jury, following an initial verdict in California state court that was reduced to $78 million in damages.

Bayer, which wrapped up the Monsanto purchase in June, has not yet been able to show its pulling power as about 80 percent of its earnings are generated during the January-to-June period.

Adjusted EBITDA of the enlarged agriculture division jumped 79 percent to a better-than-expected 543 million euros.

(Additional reporting by Patricia Weiss; Editing by Thomas Seythal, Louise Heavens and Alexander Smith)

Source: OANN

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The Latest: Powerball winning numbers announced

The Latest on the Powerball jackpot (all times local):

10:05 p.m.

The winning numbers have been drawn for the $750 million Powerball jackpot.

The numbers announced Wednesday are 16, 20, 37, 44, 62 and the Powerball number is 12.

Lottery officials say it may take a few hours to determine if there is a winner.

The $750 million is the fourth-largest jackpot in U.S. history.

Powerball is played in 44 states, plus Washington, D.C., the U.S Virgin Islands and Puerto Rico.

___

2:30 p.m.

After months without a winner, lottery players will have another shot at a Powerball jackpot that has soared to a massive $750 million.

The Powerball drawing will be Wednesday night, giving those who buy a $2 ticket a chance at winning the fourth-largest lottery jackpot in U.S. history.

Although the prize has grown steadily since the last jackpot winner on Dec. 26, the odds of matching the five white balls and single Powerball remain a staggering one in 292.2 million.

The $750 million estimated figure refers to the annuity option, paid over 29 years. Nearly all grand prize winners opt for the cash prize, which for Wednesday's drawing would be an estimated $465.5 million.

Powerball is played in 44 states, plus Washington, D.C., the U.S Virgin Islands and Puerto Rico.

Source: Fox News National

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Trump poised to veto border emergency rebuke

President Donald Trump is poised to sign the first veto of his presidency after a dozen defecting Republicans joined Senate Democrats to block the national emergency he'd declared in an effort to circumvent Congress to fund his long-stalled southern border wall. The rejection capped a week of confrontation with the White House as both parties in Congress strained to exert their power in new ways.

The bill was hand-delivered to the White House around 5:30 p.m. Thursday evening. And Trump made clear how he planned to respond, tweeting the word "VETO!" in all caps just moments after the vote.

White House spokeswoman Mercedes Schlapp would not say when the veto would happen, but told reporters Friday that Trump is "doing what he believes is his constitutional duty, which is to protect the American people."

She also said the president was "incredibly disappointed" with Republicans who voted for the measure.

The 59-41 tally on Thursday, and the Senate's vote a day earlier to end U.S. involvement in the war in Yemen, promised to force Trump into the first vetoes of his presidency as he faces a now-divided Congress. The House is planning a vote to override the expected veto on the national emergency, which is likely to occur on March 26 following next week's recess. But it is unlikely that Congress will have the votes to override it.

Two years into the Trump era, a dozen Republicans, pushed along by Democrats, showed a willingness to take the political risk of defecting. The 12 GOP senators, including the party's 2012 presidential nominee, Mitt Romney of Utah, joined the dissent over the emergency declaration order that would enable the president to seize for the wall billions of dollars Congress intended to be spent elsewhere.

"The Senate's waking up a little bit to our responsibilities," said Sen. Lamar Alexander, R-Tenn., who said the chamber had become "a little lazy" as an equal branch of government. "I think the value of these last few weeks is to remind the Senate of our constitutional place."

Many senators said the vote was not necessarily a rejection of the president or the wall, but protections against future presidents — namely a Democrat who might want to declare an emergency on climate change, gun control or any number of other issues.

"This is constitutional question, it's a question about the balance of power that is core to our constitution," Romney said. "This is not about the president."

Thursday's vote was the first direct challenge to the 1976 National Emergencies Act, just as Wednesday's on Yemen was the first time Congress invoked the decades-old War Powers Act to try to rein in a president. Seven Republicans joined Democrats in calling for an end to U.S. backing for the Saudi Arabian-led coalition in the aftermath of the kingdom's role in the killing of journalist Jamal Khashoggi.

Even without the numbers needed to override a veto, the twin votes nevertheless sent a message from Capitol Hill.

"Today's votes cap a week of something the American people haven't seen enough of in the last two years," said Senate Minority Leader Chuck Schumer, "both parties in the United States Congress standing up to Donald Trump."

The result is a role-reversal for Republicans who have been reluctant to take on Trump, bracing against his high-profile tweets and public attacks of reprimand. But now they are facing challenges from voters — in some states where senators face stiff elections -- who are expecting more from Congress.

Centrist Maine GOP Sen. Susan Collins, who's among those most vulnerable in 2020, said she's sure the president "will not be happy with my vote. But I'm a United States senator and I feel my job is to stand up for the Constitution, so let the chips fall where they may."

Trump's grip on the party, though, remains strong and the White House made it clear that Republicans resisting Trump could face political consequences. Ahead of the voting, Trump framed the issue as with-him-or-against-him on border security, a powerful argument with many.

"A vote for today's resolution by Republican Senators is a vote for Nancy Pelosi, Crime, and the Open Border Democrats!" Trump tweeted. "Don't vote with Pelosi!" he said in another, referring to the speaker of the House.

A White House official said Trump won't forget when senators who oppose him want him to attend fundraisers or provide other help. The official was not authorized to speak publicly on internal deliberations so spoke on condition of anonymity.

Trump brought on the challenge months ago when he all but dared Congress not to give him the $5.7 billion he was demanding to build the U.S.-Mexico wall, threatening a federal government shutdown.

Congress declined and the result was the longest shutdown in U.S. history. Against the advice of GOP leaders, Trump invoked the national emergency declaration last month, allowing him to try to tap about $3.6 billion for the wall by shuffling money from military projects, and that drew outrage from many lawmakers. Trump had campaigned for president promising Mexico would pay for the wall.

The Constitution gives Congress the power of the purse, and lawmakers seethed as they worried about losing money for military projects that had already been approved for bases at home and abroad. The Democratic-led House swiftly voted to terminate Trump's order.

Senate Republicans spent weeks trying to avoid this outcome, up until the night before the vote, in a script that was familiar — up until the gavel.

___

Associated Press writers Mary Clare Jalonick, Jill Colvin, Padmananda Rama and Andrew Taylor in Washington and Marc Levy in Harrisburg, Pennsylvania, contributed.

Source: Fox News National

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FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

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Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

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FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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Former CIA Director John Brennan pushed back Friday on President Trump’s charge that he knew about or participated in an attempt to overthrow the American government.

“I don’t think it’s surprising at all that we continue to hear the sociopathic ramblings of Mr. Trump claiming that there was this effort to try to prevent him from being elected or to unseat him,” he told MSNBC’s Hallie Jackson.

Brennan was reacting to comments Trump made during an interview with Sean Hannity on Thursday night.

Trump specifically criticized Brennan, along with former Director of National Intelligence James Clapper, former FBI Director James Comey, and former Deputy FBI Director Andrew McCabe, in the fiery interview.

ROSENSTEIN SLAMS OBAMA ADMINISTRATION FOR CHOOSING ‘NOT TO PUBLICIZE FULL STORY’ OF RUSSIA HACKING

His comments followed the release of Special Counsel Robert Mueller‘s report which stopped short of accusing the president of either obstruction of justice or collusion with Russia.

Brennan added he welcomed further investigation into his and other officials’ conduct while they served in government. “I’ve testified in front of Congress … Absolutely, I’ll do it again,” he said.

Brennan also disputed Sen. Rand Paul’s, R-Ky., claim that he “insisted that the unverified and fake Steele dossier be included in the Intelligence Report.”

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Journalist Bob Woodward similarly promoted the idea that the CIA pushed to include the Steele dossier in the intelligence community assessment surrounding Russian election interference.

“That’s absolutely incorrect and 180 degrees from the truth. It was CIA that was pushing not to have it included and not to be taken into account at all in that intelligence community assessment.

Source: Fox News Politics

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New artwork believed to be from the elusive Banksy appeared overnight on a wall near where climate change activists spent the last two weeks protesting in London.

The street art – which was first noticed by people Thursday night – purportedly shows a child clutching a sign of the Extinction Rebellion emblem while planting a small flower with the words “From this Moment Despair Ends and Tactics Begin.”

It comes on the day that Extinction Rebellion backed up their protests which snarled traffic in the British capital for nearly two weeks.

A woman takes a picture of a new piece of street art that people noticed for the first time last night and is believed to be by street artist Banksy on a wall where Extinction Rebellion climate protesters had set up a camp in Marble Arch, London, Friday, April 26, 2019. 

A woman takes a picture of a new piece of street art that people noticed for the first time last night and is believed to be by street artist Banksy on a wall where Extinction Rebellion climate protesters had set up a camp in Marble Arch, London, Friday, April 26, 2019.  (AP)

CLIMATE ACTIVISTS GLUE THEMSELVES TO LONDON STOCK EXCHANGE ON ‘LAST DAY’ OF PROTESTS

A Bansky collector and expert told The Guardian he believes the mural on Marble Arch is an authentic piece by the Bristol street artist.

John Brandler, who owns a dozen pieces by Banksy, said he believes it’s an original because of its execution and theme.

“I’m convinced about the one in London for two reasons: it’s a topic that he would support, and it’s a continuation of the Port Talbot piece that appeared in December 2018,” he said. “The name in the corner is not important, the signature is the work. And this is a Banksy. It’s a wonderful statement and beautiful piece.”

A spokesperson for Westminster council told The Guardian that they are investigating the authenticity of the art piece. Banksy has not confirmed the authenticity.

Extinction Rebellion – self-described “rebels” – have recently made headlines for snarling traffic and public transit in London through a series of blockades. They ended their 10-day outlandish demonstrations on Thursday but not before several members glued themselves to the London Stock Exchange building.

Calvin Benson, 48, a supporter of the climate change activist group, told Sky News that the artwork “represents the will of the people that were here and the people of the nation.”

TOPLESS CLIMATE CHANGE PROTESTERS ARRESTED AFTER INTERRUPTING BREXIT DEBATE IN BRITISH PARLIAMENT

Bansky, who has never disclosed his full identity, began his career spray-painting buildings in Bristol, England, and has since become one of the world’s best-known artists.

His mischievous and often satirical images include two policemen kissing, armed riot police with yellow smiley faces and a chimpanzee with a sign bearing the words, “Laugh now, but one day I’ll be in charge.”

His artwork titled “Girl With Balloon” – one of his best-known works – was sold on auction for $1.4 million last October just before it self-destructed.

Videos from inside the Sotheby’s in London show the painting partially running through a shredder embedded in the frame and emerging from the bottom as strips.

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A video on Banksy’s website after the incident appeared to imply that the painting’s partial shredding was supposed to have been complete.

“In rehearsals, it worked every time…” the video notes at the end.

Source: Fox News World

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