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$625M Powerball drawing would be US' 7th-largest jackpot

Lottery officials say the Powerball jackpot for Saturday's drawing has climbed to an estimated $625 million, which would be the seventh-largest lottery grand prize in U.S. history.

A look at the 10 largest U.S. jackpots that have been won and the states where the winning tickets were sold:

1. $1.586 billion, Powerball, Jan. 13, 2016 (three tickets, from California, Florida, Tennessee)

2. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket, South Carolina)

3. $758.7 million, Powerball, Aug. 23, 2017 (one ticket, from Massachusetts)

4. $687.8 million, Powerball, Oct. 27, 2018 (two tickets, from Iowa and New York)

5. $656 million, Mega Millions, March 30, 2012 (three tickets, from Kansas, Illinois and Maryland)

6. $648 million, Mega Millions, Dec. 17, 2013 (two tickets, from California and Georgia)

7. $590.5 million, Powerball, May 18, 2013 (one ticket, from Florida)

8. $587.5 million, Powerball, Nov. 28, 2012 (two tickets, from Arizona and Missouri)

9. $564.1 million, Powerball, Feb. 11, 2015 (three tickets, from North Carolina, Puerto Rico and Texas)

10. $559.7 million, Powerball, Jan. 6, 2018 (one ticket, New Hampshire)

___

Sources: AP archives, www.megamillions.com and www.powerball.com

Source: Fox News National

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India’s Jet Airways suspending operations, no money to fly

Jet Airways, once India's largest airline, says it is temporarily suspending all operations after failing to raise enough money to run its services.

The company said Wednesday that it has been informed by its lenders, led by state-run State Bank of India, that they are unable to consider its request for funding to keep flying.

On Tuesday, its former chairman, Naresh Goyal, reportedly withdrew plans to bid for a controlling stake in the company.

It was not immediately clear who else might bid for the company. Etihad Aviation Group purchased a 24% stake in 2013.

The airline had 119 planes on Dec. 31, when it first defaulted on some of its more than $1 billion in debt. This week, it reduced its operations to only seven aircraft flying domestic routes.

Source: Fox News World

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Australian state election will be trial run for PM’s federal contest in May

Prime Minister Morrison speaks to the media during a press conference at Parliament House in Canberra
Prime Minister Scott Morrison speaks to the media during a press conference at Parliament House in Canberra, Australia, March 20, 2019. AAP Image/Andrew Taylor/via REUTERS

March 22, 2019

By Colin Packham

SYDNEY (Reuters) – Prime Minister Scott Morrison’s Liberal Party faces a tight election contest in Australia’s largest state on Saturday, polls suggest, as a strong economy and a troubled opposition may not surmount voter anger over the removal of his predecessor.

Morrison, who replaced Malcolm Turnbull after a backbench revolt last year, is pinning his re-election hopes for a May federal poll on his conservative government’s economic track record, a strategy it has also deployed in New South Wales.

The outcome in a state that has historically swung between the two major parties and is home to some marginal electorates that Morrison’s party must win to secure re-election will be a pointer to the May result.

“You can’t escape the parallels between New South Wales and the federal election,” said Haydon Manning, a political science specialist at Flinders University in South Australia.

“If the Liberal Party can’t retain government there, the odds of a Labor victory in May will be much shorter.”

Australia’s robust economy would be the envy of politicians heading into a poll in other countries, but the state’s finances are in even better shape, with unemployment near a record low, below the national figure of 4.9 percent.

State coffers topped A$400 billion ($286 billion) last year, exceeding the economies of each of the southeast Asian nations of Malaysia, the Philippines and Thailand, despite signs of a property price-led pullback.

Yet the economic strength has not translated into strong polling for the state and federal Liberal parties.

Voter frustration that the strong economy has yet to deliver better infrastructure has dented support for NSW Liberal leader Gladys Berejiklian, analysts said.

“The infrastructure cycle hasn’t matched the electoral one,” said Rodney Smith, an expert in Australian politics at the University of Sydney. “Berejiklian has not been able to cut enough ribbons to make people think she has delivered.”

Despite a #MeToo scandal that has rocked the opposition Labor Party, its support has grown steadily in recent months amid rising discontent over inequality.

“It will be close,” Berejiklian told reporters in Sydney.

“We need to finish the projects we’ve started, we need to begin the new ones.”

Less than two months before the federal election, Morrison’s government is trailing Labor by 54 percent to 46 percent on a two-party preferred basis, amid voter anger at the removal of his predecessor.

“There is a lot of anger at the change in prime minister,” said John Warhurst, a specialist in Australian politics at the Australian National University.

“The state election will provide a litmus test for Morrison’s appeal in Sydney’s west, where there are a few seats that incumbent Liberal members hold with only a small majority.”

(Reporting by Colin Packham; Editing by Clarence Fernandez)

Source: OANN

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Early tally in Nigerian election puts Buhari ahead, opposition rejects it

INEC officials collate results from various polling units at the INEC Yola North Local Government Area Office in Adamawa State
Independent National Electoral Commission (INEC) officials collate results from various polling units at the INEC Yola North Local Government Area Office in Adamawa State, as the country awaits the results of the Presidential election, in Yola, Nigeria February 24, 2019. REUTERS/Nyancho NwaNri

February 25, 2019

By Camillus Eboh and Felix Onuah

ABUJA (Reuters) – President Muhammadu Buhari took an early lead on Monday in initial official results from Nigeria’s presidential election but the party of his main challenger quickly rejected the tallies as “incorrect and unacceptable”.

Saturday’s election, which U.S. observers said had lost some credibility after being abruptly delayed by a week by officials citing organizational glitches, was expected to be Nigeria’s tightest since the end of military rule two decades ago.

At stake is the helm of Africa’s top oil producer and biggest economy, rattled by a decade-long battle with Islamist militants in the northeast that has spilled into neighboring countries and prompted the deployment of a regional task force.

Buhari, 76, is a former military ruler seeking a second term on an anti-corruption platform, while Atiku, 72, a businessman and ex-vice president, has pledged above all to expand the role of the private sector.

Initial results released by the national electoral commission (INEC) on Monday put Buhari in the lead. He won in four of Nigeria’s 36 states – two in the southwest, and one each in the east and central parts of the country, INEC said, while Atiku prevailed in the capital Abuja.

In provisional results announced in state capitals but not yet confirmed by INEC, Buhari took the northeastern state of Yobe while Atiku won in Ondo state in the southwest.

Asked about the early results, Buhari told reporters: “I don’t want to depend on rumours…We will rather wait for INEC to announce the (full) results.”

But the chairman of Atiku’s People’s Democratic Party (PDP), Uche Secondus, said the election tallies announced so far were “incorrect and unacceptable”.

“The results are being manipulated and canceled for APC to retain power,” he told reporters, referring to Buhari’s party.

The full outcome, not expected before later in the week, appears to hinge on which man voters trust most to revamp an economy still struggling from a 2016 recession.

A credible and relatively calm vote would open a new chapter in the chequered political history of Nigeria, where nearly six decades of independence have been tarnished by military coups, endemic corruption and secessionist movements.

But doubts rose when the election was postponed on Feb. 16, just hours before it was due to begin, with authorities citing problems in delivering ballot papers and results sheets.

“NEGATIVE EFFECTS”

The week-long delay in holding Nigeria’s presidential election damaged public trust in the process and probably reduced Saturday’s voter turnout, U.S. observers said.

“It is highly probable that such a late postponement had negative effects on voter turnout,” John Tomaszewski of the joint U.S. National Democratic Institute (NDI) and International Republican Institute observer delegation, told reporters.

“More significantly, the delay also undermined public confidence in INEC,” he said.

The civil society group YIAGA AFRICA, which monitored the election, projected turnout at 36-40 percent.

Situation Room, a monitoring mission comprising over 70 civic groups, said on Sunday that as many as 39 people had been killed in election-related violence, and over 260 in all since the start of the campaign in October.

Voting, however, took place “in a generally peaceful environment”, said Hailemariam Desalegn, head of the African Union observer mission and a former premier of Ethiopia.

“There were scattered incidents of violence but it was not seen as pervasive on Election Day,” said Derek Mitchell, president of the U.S. observer mission.

Previous Nigerian elections have been marred by violence among supporters of different political parties that at times sparked sectarian conflict. Security forces are currently stretched by the Islamist insurgency as well as by communal violence and banditry in other areas.

Hours before polls opened, explosions rocked Maiduguri, capital of Borno state, epicenter of the insurgency. In neighboring Yobe, residents of the town of Geidam fled a militant attack around the same time.

Scattered violence and problems with smart card readers that authenticate voters’ fingerprints meant voting in a small number of precincts had to put off to Sunday, Mitchell said.

“Serious operational shortcomings put an undue burden on voters,” Maria Arena, the EU’s chief observer and member of the European parliament, told reporters.

(Additional reporting by Alexis Akwagyiram and Paul Carsten; Writing by James Macharia; Editing by Mark Heinrich)

Source: OANN

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The Latest: Inmate backs up case for nitrogen execution

The Latest on the scheduled execution of an Alabama inmate (all times local):

1:25 p.m.

An Alabama inmate is citing a study theorizing that death by nitrogen would be painless as he seeks to stop his upcoming lethal injection.

The last-minute legal filings came hours before Christopher Price is scheduled to receive a lethal injection for the 1991 stabbing death of a pastor.

Attorneys on Thursday asked a federal judge in Alabama to issue an injunction, arguing the study backs up the idea that nitrogen hypoxia is a viable alternative.

Alabama has authorized the use of nitrogen for executions but has not used it.

His attorneys filed the study done by medical professors after an appellate court ruled he had not shown nitrogen hypoxia will reduce the risk of pain.

The study was done for a lawmaker in Oklahoma which has also authorized the use of nitrogen for executions.

___

Noon

An Alabama inmate is asking the U.S. Supreme Court to halt his upcoming lethal injection.

Forty-six-year-old Christopher Lee Price is scheduled to receive a lethal injection Thursday evening for the 1991 stabbing death of a pastor.

Price's attorney asked justices to stay the execution to review whether a lower court erred in rejecting his bid for a stay after he asked to put to death by nitrogen hypoxia.

Price's attorney wrote that Alabama's lethal injection drug combination has been linked to botched executions, and Alabama law allows the use of nitrogen.

Although Alabama has authorized nitrogen as an execution method, the state has argued that it is not ready to use it. The state said Price missed a deadline to select it as his preferred execution method.

___

12:10 a.m.

A man convicted of the sword-and-dagger stabbing death of a pastor is set to become the second person executed in Alabama this year, barring a last-minute stay.

Forty-six-year-old Christopher Lee Price is scheduled to receive a chemical injection Thursday evening for his conviction in the death of Bill Lynn. The 57-year-old pastor was killed in a Dec. 22, 1991, robbery while preparing Christmas gifts for his grandchildren. Prosecutors said Lynn was at his Fayette County home when power was cut and the pastor went out to check the fuse box and was killed.

Lynn's wife testified she looked out a window and saw a person dressed in black in a karate stance, holding a sword above her husband's head. An autopsy showed that Lynn had been cut or stabbed more than 30 times.

Source: Fox News National

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Woods wins Masters to end 11-year major drought

Final round play of the Masters at Augusta National
Golf - Masters - Augusta National Golf Club - Augusta, Georgia, U.S. - April 14, 2019 - Tiger Woods of the U.S. on the 8th hole during final round play. REUTERS/Lucy Nicholson

April 14, 2019

AUGUSTA Ga. (Reuters) – Tiger Woods won the Masters for the fifth time on Sunday to land his 15th major title and first since 2008.

Woods, who began the final round two shots back of overnight leader Francesco Molinari, carded a two-under-par 70 to finish one shot ahead of fellow Americans Dustin Johnson, Xander Schauffele and Brooks Koepka.

(Reporting by Frank Pingue, editing by Pritha Sarkar)

Source: OANN

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Heavy weapons fire rocks Yemen’s Hodeidah as U.N. pushes to clinch troop pullout

General view of a market on Sadam street in Hodeidah
General view of a market on Sadam street in Hodeidah, Yemen March 25, 2019. REUTERS/Abduljabbar Zeyad

March 25, 2019

By Mohamed Ghobari

ADEN (Reuters) – Yemen’s warring parties exchanged heavy weapons fire overnight in Hodeidah, residents and military sources said, as the United Nations scrambled to salvage a ceasefire deal in the Yemeni port city that is a lifeline for millions at risk of starvation.

The clashes were the heaviest since the ceasefire went into effect on Dec. 18, residents said, and came as the United Nations announced a deal setting out details of a mutual military withdrawal envisaged by the Stockholm truce accord.

Iran-aligned Houthi forces and troops backed by a Saudi-led coalition traded artillery, mortar and rocket salvoes late on Sunday and early on Monday, with explosions heard across the Red Sea city, residents said.

“The Houthis tried a surprise assault on our troops but we stopped them,” a military source from the internationally-recognized government said.

The Houthis’ Al Masirah TV accused government forces of shelling their positions without provocation.

The fighting affected Hodeidah’s usual flashpoints – the “July 7” district, four km (2.5 miles) away from the port, and southern outskirts where thousands of United Arab Emirates-backed troops are massed.

The Houthis and the government of Abd-Rabbu Mansour Hadi agreed at U.N.-sponsored talks in December to a truce and troop withdrawal from Hodeidah, the entry point for the bulk of Yemen’s humanitarian aid and commercial imports.

The ceasefire has broadly held although sporadic clashes continued as the United Nations struggled to implement a troop withdrawal, a confidence-building measure meant to clear the way for a broader peace settlement after four years of war.

DETAILS OF WITHDRAWAL AGREED

However, the U.N. observer team chief, Danish General Michael Anker Lollesgaard, was expected to convene both sides this week to formally launch newly agreed steps towards disengagement, according to sources involved in the discussions.

Houthi forces had agreed to withdraw 5 km (3 miles) from the Hodeidah district ports of Saleef, used for grain, and Ras Isa, an oil terminal, as a first step, three sources said.

The Houthi withdrawal and the pullback by coalition forces 1 km away from both the “Kilo 7” area and from Saleh city district would take place simultaneously as a second step, they said.

The government forces’ retreat would free up access to Red Sea Mills, which holds some 50,000 tonnes of World Food Programme grain, enough to feed 3.7 million people. Under the deal, humanitarian corridors would also be reopened.

The second phase of the pullout would see both sides withdraw troops 18 km (11 miles) from the city, and heavy weaponry 30 km (18 miles) away.

Tens of thousands of people have died in the war pitting the Houthis against the coalition, which intervened in Yemen in 2015 to restore Hadi’s government after it was ousted from the inland capital Sanaa.

The war has displaced over two million people and driven the impoverished Arabian Peninsula country to the verge of famine.

The World Health Organization said on Monday it had recorded 108,889 suspected cases of cholera and 190 associated deaths with the disease since the start of 2019 in several provinces. Around a third of the cases were children under five, it said.

Yemen’s conflict is widely seen in the region as a proxy war between Saudi Arabia and Iran. The Houthis, who control Sanaa and most population centers, deny being puppets of Tehran and say they are waging a revolution against corruption.

(Additional reporting and writing by Aziz El Yaakoubi in Dubai; Editing by Mark Heinrich)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

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