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Russian court fines Jehovah’s Witness over alleged extremism

The Jehovah's Witnesses in Russia say one of their number has been fined 350,000 rubles ($5,350) on an extremism charge related to his membership of the religious group.

Sergei Skrynnikov was found guilty by a court in the city of Oryol of participating in the activity of an extremist organization, the Jehovah's Witnesses say.

Russia officially banned the Jehovah's Witnesses in 2017 and declared the group an extremist organization.

His case follows that of Danish Jehovah's Witness Dennis Christensen, who was sentenced to six years in prison in February. He had been detained in 2017 while leading a prayer meeting in Oryol.

Before the ban, the world headquarters of the Jehovah's Witnesses claimed about 170,000 adherents in Russia.

Source: Fox News World

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Asian shares held back by cautious mood, oil surges

FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo
FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato

April 9, 2019

By Daniel Leussink

TOKYO (Reuters) – Asian shares got off to a subdued start on Tuesday as investors braced for key events later in the week, including the kick-off of the U.S. earnings season and a crucial Brexit summit, while broader concerns over slowing global growth checked sentiment.

MSCI’s broadest index of Asia-Pacific shares outside Japan was basically flat after brushing its highest since late August last year during the previous session.

Australian shares dipped 0.25 percent while Japan’s Nikkei was down 0.15 percent.

Wall Street shares delivered a mixed performance on Monday, with the Dow Jones Industrial Average losing 0.3 percent while the S&P 500 added 0.1 percent. Concerns over slowing U.S. earnings have undermined U.S. equities in recent sessions, though a strong jobs report last week helped to soothe frayed nerves.

The S&P 500, however, moved on its own momentum for its eight straight session of gains and the longest winning streak since October 2017, as rallying crude prices lifted energy shares.

Oil prices rose to their highest since November, driven by fighting in Libya along with ongoing supply cuts pledged by the Organization of the Petroleum Exporting Countries and U.S. sanctions against Iran and Venezuela. [O/R]

Broader market sentiment remained subdued as investors’ focus was on potential flashpoints, including a crucial Brexit summit as well as a meeting on trade between the European Union and China set for later on Tuesday.

“The market is very much in a wait-and-watch mode,” said Nick Twidale, chief operating officer at Rakuten Securities Australia in Sydney.

“It’s looking for the next catalyst that’s hopefully going to take stock markets higher, but it’s also very wary that we’ve had such a great run in stocks and general growth that we might see a real sharp correction,” he said.

Twidale added that any news on the trade front around the Sino-U.S. tariff negotiations and the upcoming summit between the EU and China “could really start to add to some volatility” to markets.

Investors will also focus on a European Central Bank meeting on Wednesday and the start in earnest of the U.S. first-quarter earnings period, with analysts now expecting it to be the first quarter of contracting corporate earnings since 2016.

U.S. March inflation figures and minutes of the Federal Reserve’s last policy meeting are due to be released on Wednesday. Friday’s U.S. jobs report showed strong employment creation but subdued wages growth, backing the Fed’s recent dovish policy tilt.

In the currency market, the euro held steady at $1.1259 after rising nearly 0.4 percent overnight, its steepest one-day rise in nearly three-weeks.

Sterling was slightly higher at $1.3068, but not far from last month’s low of $1.2945.

Against the Japanese yen, the dollar was down 0.1 percent at 111.35 yen, inching back toward its 1-1/2-month low of 109.70 touched on March 25.

In the commodity market, oil prices hovered near their highest since November 2018 on persistent worries about tightening supplies.

U.S. crude was last up 21 cents at $64.61 a barrel, after brushing its highest since Nov. 1 last year. Brent crude futures rose 8 cents to $71.18.

Spot gold was up slightly at $1,299.10 per ounce.

(Editing by Shri Navaratnam)

Source: OANN

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Visa quarterly profit rises 14 percent

Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Lagos
FILE PHOPTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Lagos, Nigeria, as part of preparations ahead of the 2018 Pyeongchang Winter Olympic Games, February 1, 2018. REUTERS/Afolabi Sotunde

April 24, 2019

(Reuters) – Visa Inc reported a 14.3 percent rise in quarterly profit on Wednesday, as more people swiped cards using the extensive network of the world’s largest payment processor.

Net income rose to $2.98 billion, or $1.31 per Class A share, in the second quarter ended March 31, from $2.61 billion, or $1.11 per Class A share, a year earlier.

Analysts were expecting net income of $1.24 per share, according to IBES data from Refinitiv, although it was not immediately clear if the numbers were comparable.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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Sheriff: Man wounds deputy, shoots himself dead hours later

A north Mississippi man has killed himself and wounded a sheriff's deputy in a standoff.

Marshall County Sheriff Kenny Dickerson tells local news outlets that a deputy confronted an unnamed man as part of a drug investigation Friday evening. Dickerson says the man fled and the deputy chased him to a house in Byhalia.

The man got out of his vehicle and shot the deputy at least twice. The man barricaded himself in the house while the wounded deputy was taken by helicopter to a Memphis, Tennessee, hospital, where he's expected to recover.

Deputies cut power to the house during the hours-long standoff. Dickerson says the suspect emerged about 10:30 p.m., asked to speak to the sheriff, then shot himself.

The Mississippi Bureau of Investigation will take over the investigation.

Source: Fox News National

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UAE inclusion in EU tax blacklist down to poor communication: UAE bank executive

FILE PHOTO: Abdulaziz al-Ghurair, Chairman of the UAE Banks Federation and CEO of Mashreq bank, gestures during an interview with Reuters in Dubai,
FILE PHOTO: Abdulaziz al-Ghurair, Chairman of the UAE Banks Federation and CEO of Mashreq bank, gestures during an interview with Reuters in Dubai, United Arab Emirates July 26, 2017. REUTERS/Tom Arnold

March 13, 2019

DUBAI (Reuters) – The European Union’s decision to include the United Arab Emirates on its blacklist of tax havens was due to “lack of communication” between the EU and the UAE government, the head of the UAE Banks Federation said on Wednesday.

“We need to reach out, I understand the reasons, and I’m sure the UAE will want to play as a global citizen,” the banking group’s chairman Abdulaziz al-Ghurair told reporters. “And I’m sure in the near future this will be solved.”

European Union governments adopted a broadened blacklist of tax havens on Tuesday, adding the United Arab Emirates and British and Dutch overseas territories in a revamp that tripled the number of listed jurisdictions.

(Reporting by Davide Barbuscia; Writing by Saeed Azhar; Editing by Andrew Heavens)

Source: OANN

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Oil hits 2019-high on OPEC supply cuts, U.S. sanctions on Iran and Venezuela

FILE PHOTO - Pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong
FILE PHOTO - A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. REUTERS/Chen Aizhu

February 18, 2019

By Henning Gloystein

SINGAPORE (Reuters) – Oil prices rose to their highest levels in 2019 on Monday, lifted by OPEC-led supply cuts and by U.S. sanctions on Iran and Venezuela.

U.S. West Texas Intermediate (WTI) crude oil futures hit $56 per barrel for the first time this year, before edging back to $55.89 per barrel by 0051 GMT. That was still 0.5-percent above their last settlement.

International Brent crude futures hit a 2019-high of $66.61 per barrel early on Monday before easing to $66.47 per barrel, still up 0.3 percent from their last close.

For both benchmarks, those were their highest levels since November 2018.

The Organization of the Petroleum Exporting Countries (OPEC), as well as some non-affiliated producers like Russia, agreed late last year to cut output by 1.2 million barrels per day (bpd) to prevent a large supply overhang from swelling more.

Further pushing up crude prices have been U.S. sanctions against oil exporters and OPEC-members Iran and Venezuela.

At least partly offsetting these supply falls has been a surge in U.S. crude oil production by more than 2 million bpd in 2018, to a record 11.9 million bpd.

And there are signs that U.S. output will rise further.

U.S. energy firms last week increased the number of oil rigs looking for new production by three, to a total of 857, energy services firm Baker Hughes said in a weekly report last Friday. RIG-OL-USA-

That means the U.S. rig count is higher than a year ago when under 800 rigs were active.

“The U.S. shale industry continues to show signs of resilience. It increased drilling activity for the third time in four weeks last week,” ANZ bank said.

(Reporting by Henning Gloystein; Editing by Joseph Radford)

Source: OANN

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U.S. Renewable Fuel Standard is not working: Marathon CEO

A gas pump advertises E85 ethanol fuel in Des Moines
A fuel pump at a gas station in Des Moines advertises E85 ethanol fuel, December 6, 2007. REUTERS/Jason Reed

March 12, 2019

HOUSTON (Reuters) – The U.S. Renewable Fuel Standard (RFS) laws are not working and there is an “opportunity for a reset” of the standard in Washington, Marathon Petroleum Corp Chief Executive Gary Heminger said on Tuesday.

The RFS requires refineries to blend fuels with ethanol to reduce pollution, or pay for credits to subsidize those that do that blending.

Heminger, who leads the largest U.S. crude oil refiner, said that the standard has caused very volatile prices for those credits, and that it needs reform.

The Trump Administration has attempted to reform the standard, but has maintained much of the existing framework of the law due to support from corn producers in Iowa and other farming states.

Heminger said U.S. refiners already rely on ethanol to boost octane in gasoline.

“We need the octane,” he said. “Ethanol is a great source of octane. Ethanol shouldn’t be mandated.”

Speaking at the CERAWeek conference in Houston, Heminger said the switch to ultra-low sulfur diesel fuel for ships scheduled for Jan. 1, 2020 would not be a shock to the global oil refining industry.

Heminger said he expected U.S. refiners would begin building an inventory of the new maritime diesel fuel by the middle of 2019 to prepare for the change in marine fuel mandated by the International Maritime Organization (IMO).

“We’re compliant,” Heminger said of the U.S. refining industry. “The global refining industry is ready to meet demand” for IMO.

The IMO 2020 fuel will drop sulfur content from no more than 3.5 percent to no more than 0.5 percent.

Marathon became the largest U.S. refiner in October when it merged with Andeavor creating a company with 3 million barrels per day of crude oil processing capacity.

“I would expect there would be some consolidation in the industry, Heminger said.

The biggest question is what will happen to the three refineries owned by Citgo Petroleum Corp, a subsidiary of Venezuela’s troubled national oil company, Petroleos de Venezuela SA (PDVSA), he said.

Marathon has no interest in acquiring the Citgo refineries, Heminger said.

The company does expect to successfully conclude contract talks with workers at its Galveston Bay Refinery in Texas City, Texas, which was the site of a bitter five-month strike in 2015.

“That’s a great workforce” he said.

(Reporting by David Gaffen and Erwin Seba; editing by Marguerita Choy)

Source: OANN

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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A Malaysian mountain climber was being treated in a hospital in Nepal’s capital Friday after being stranded nearly two days alone near the summit of Annapurna.

A helicopter crew searching for the missing climber on Thursday spotted Wui Kin Chin waving his hands at them, and rescuers brought him down to a lower camp.

At the time of his rescue, Chin had been without an oxygen bottle, food and water for over 40 hours, said Mingma Sherpa, the head of Seven Summit Treks, which arranged his expedition.

Chin was flown to the capital, Kathmandu, on Friday and taken to a hospital, where his wife joined him.

Chin is an anesthesiologist and accomplished climber, and Sherpa credited Chin’s medical knowledge and familiarity with mountains for keeping him alive.

“It’s a big thing to stay alive in that altitude without food, water, and oxygen,” Sherpa said. He described Chin on Thursday as fine but not in condition to walk.

Chin was a part of a 13-member expedition led by a French climber and was separated from the others during the descent.

The 8,091-meter (26,545-foot) Mount Annapurna is the ninth tallest mountain in Nepal and the 10th tallest in the world. It’s considered an especially treacherous mountain due to its difficult terrain and weather conditions.

Source: Fox News World

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Spain’s prime minister says he’s open to a coalition with an anti-austerity party, hinting for the first time at a possible center-left governing alliance after Sunday’s national election.

In an interview published Friday by El Pais newspaper, Socialist leader Pedro Sánchez says “it isn’t a problem” for the far-left United We Can to become part of his Cabinet if he wins the tight race.

With Spain’s electoral law banning polls during the last week of campaigning, it’s unclear if the two parties will emerge strong enough in the lower house of parliament or whether a right-wing alliance could assemble a majority.

Sánchez is calling on Spaniards to cast a “useful vote” and has warned that the rise of the far right in polls could be underestimated given the large pool of undecided voters.

Source: Fox News World

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FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam
FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. REUTERS/Piroschka van de Wouw

April 26, 2019

By Bart H. Meijer and Toby Sterling

AMSTERDAM (Reuters) – Dutch telecom firm Royal KPN NV said on Friday it would select a Western supplier to build its core 5G mobile network, making it one of the first European operators to make clear it would not pick China’s Huawei for such work.

The United States has been seeking to discourage its allies from using equipment made by Huawei because of concerns that it could eventually be used for Chinese government spying. Huawei says such worries are baseless and U.S. policy is driven by economic interests.

The Hague-based KPN, the Netherlands’ largest telecom firm, said its decision took into account “the evolving assessment on the protection of vital infrastructure and the influence this may have on future Dutch policy.”

The Dutch government has not taken a decision on the issue.

KPN, which also reported on Friday slightly worse than expected first quarter core earnings of 563 million euros ($627 million), said it would still use equipment made by Huawei in some capacities.

In addition, the company announced a preliminary deal with Huawei to upgrade existing mobile telecommunications gear to make it safer. Huawei has been a key supplier to KPN in the past decade.

The Dutch government set up a task force with KPN and other major operators in the Netherlands this month to analyze the “vulnerability of 5G telecommunications networks to misuse by technology vendors … and measures needed to manage risks.”

KPN said it would use equipment made by Huawei, which it described as a world leader in radio and antenna technology, to improve security on its existing network.

“This preliminary agreement can be adjusted or reversed to align it with future Dutch government policy,” it added.

Sources told Reuters on Wednesday that Britain’s National Security Council (NSC) had decided to bar Huawei from core parts of the country’s 5G network and restrict its access to non-core areas.

(Reporting by Bart Meijer; Editing by Kirsten Donovan and Edmund Blair)

Source: OANN

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