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Toshiba shares fall after sale of U.S. LNG business canceled

The logo of Toshiba Corp is seen at its headquarters in Tokyo
The logo of Toshiba Corp is seen at its headquarters in Tokyo, Japan, November 6, 2015. REUTERS/Yuya Shino

April 12, 2019

TOKYO (Reuters) – Toshiba Corp shares fell on Friday after the collapse of an agreement to offload its U.S. liquefied natural gas (LNG) business, a new blow for the Japanese conglomerate which has been shedding assets to turn around its business.

Toshiba said late on Thursday that China’s ENN Ecological Holdings Co had scrapped an agreement to take over the LNG business due to a failure to get approvals from shareholders and a U.S. panel that monitors foreign investments.

Toshiba shares fell as much as 5.4 percent to 3,485 yen and were trading at 3,685 yen by around 0030 GMT.

Toshiba must now look for a new buyer for the business that it previously said could potentially cause losses of as much as 1 trillion yen ($9 billion).

A failure to find a buyer could derail Toshiba’s recovery from the fallout of the bankruptcy of its U.S. nuclear power unit Westinghouse, analysts have said.

(Reporting by Aaron Sheldrick; Editing by Stephen Coates)

Source: OANN

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Trump Calls on Schiff to Resign

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Black Editor Quits Alabama Newspaper That Called For KKK to 'Ride Again'

The black woman who took over a small-town Alabama newspaper after its previous editor proposed the return of the Ku Klux Klan has resigned after less than a month on the job, The Hill reported on Sunday.

Elecia Dexter’s decision to quit is the latest in a saga that began when the previous editor, Goodloe Sutton, wrote an editorial in Linden’s The Democrat-Reporter urging the KKK to "ride again" to block tax increases in the state. 

The editorial sparked outrage nationwide, with Alabama Sen. Doug Jones and others calling for him to resign, CNN reported.

In response to the criticism, Dexter was suddenly promoted last month in an attempt to steer the newspaper in a "new direction," 

“I would have liked it to turn out a different way, but it didn’t,” Dexter told The New York Times. “This is a hard one because it’s sad -- so much good could have come out of this.”

Dexter said she resigned to keep her “integrity and well-being” after Sutton reportedly emailed an altered version of the The Democrat-Reporter's February 28 issue to local news outlets and advertisers that included a front page story defending his editorial and critizing The Montgomery Advertiser's coverage.

Source: NewsMax America

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Sex abuse survivors say Vatican summit must deliver action

Roman Catholics who were sexually abused by clergy are insisting that decisive actions to confront the decades-long problem of pedophile priests and church cover-ups must come out of an upcoming Vatican summit.

A founding member of the advocacy group Ending Clergy Abuse, Peter Isely, contended Sunday that Pope Francis is "facing resistance" from top Vatican officials as he prepares to convene bishops from around the world.

"Let me tell you what it was like to try and have to resist that priest when I was a boy who was sexually assaulting me," Isely said. "So whatever difficulty for him or discomfort this is for anybody in the papal palace, it is nothing compared to what survivors have had to undergo."

Isely offered his perspective in an interview with The Associated Press near St. Peter's Square shortly before Francis spoke of the importance of the Feb. 21-24 event on protecting children and teenagers in the church,.

Addressing faithful in the square, Francis asked for prayers for the gathering of the heads of Catholic bishops' conferences worldwide.

Francis said he wanted the summit, to be "an act of strong pastoral responsibility in the face of an urgent challenge of our time."

Revelations in many countries about priests raping and committing other kinds of sexual abuse against children and a pattern of bishops hiding the crimes have shaken the faith of many Catholics.

They also test the pontiff's ability to ensure the safety of children and punishment for the abusers as well as any complicit superiors.

The Vatican announced Saturday that Francis approved the expulsion from the priesthood for a former American cardinal, Theodore McCarrick, for sexual abuse of minors and adults.

But survivor advocates also have demanded that Francis say what he and other top Vatican officials knew about the prelate's sexual wrongdoing, which spanned decades.

"You abuse a child, you have to be removed from the priesthood," Isely said. "If you cover up for abusing a child, you have to be removed from the priesthood, and this is the only thing that is going to turn the corner on this global crisis."

Another founding member of the group, Denise Buchanan, a native of Jamaica, said a priest raped and assaulted her when she was 17.

"That rape actually resulted in a pregnancy, and the priest arranged for an abortion," Buchanan said.

Veteran Vatican watcher Marco Politi told the AP he also sees the pope facing inside resistance.

"There is a struggle going on between the pope and his supporters who want a change, and a lot of people among the bishops and among the clergy who don't want transparency and applying law and order in the abuse issue in the world," Politi said.

Some of Francis' critics contend that as a product of the Catholic Church's hierarchical culture, he, too, has been slow to recognize the hierarchy's role in perpetuating abuse by pedophile priests.

Francis has tried to temper expectations for the summit, saying in January the "problem of abuse will continue" because "it's a human problem." Isely of Ending Clergy Abuse said the bar should be high and the participants "have to deliver for survivors."

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Global funds raise stock allocations and cut cash buffer: Reuters poll

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2019. REUTERS/Brendan McDermid

March 29, 2019

By Rahul Karunakar

BENGALURU (Reuters) – Global funds recommended switching cash back into equities in March as stocks have recovered smartly despite some turbulence this quarter from a deep sell-off late last year, a Reuters poll showed.

While there are clear signs of a global economic slowdown with the latest data showing the U.S. economy growing more slowly than initially thought in the fourth quarter, most major central banks have turned dovish, providing the impetus for stocks to climb higher.

Reuters’ latest asset allocation poll of 40 fund managers and chief investment officers in Europe, the United States, Britain and Japan was taken at the tail-end of a more than 12 percent rally in the S&P 500 this quarter, which would mark its best quarterly performance since 2009.

Equity allocations accounted for an average 47.6 percent of their model global portfolio, from 45.9 percent in the previous month. That came at the expense of cash, which was cut to a four-month low of 5.8 percent from a more than three-year high of 7.2 percent in February.

Recommended bond holdings were also increased slightly to 39.8 percent from 39.3 percent in the previous month.

Investors and traders have been on heightened alert since the yield on the 10-year note fell below the three-month U.S. Treasury bill rate last week – widely seen as an indicator of a coming recession.

But the latest Reuters poll showed a clear shift away from the more defensive approach among long-term investors held over the previous months.

“The rebound in the stock market in the first quarter suggests investors became overly pessimistic,” said Alan Gayle, president at Via Nova Investment Management in Washington.

“We believe the risks of a recession near-term remain low, and that favorable developments in monetary policy and trade negotiations can provide positive support for stocks as we head into the summer.”

STUMBLING BLOCKS

The U.S. Federal Reserve left its federal funds rate on hold last week as expected, but its “dot plot” projections shifted and now suggest no hikes in 2019 compared with two in December.

A separate Reuters poll of economists concluded that the U.S. central bank is done with raising interest rates until at least the end of next year, with a significant chance of at least one rate cut by the end of 2020.

That comes after a similar Reuters survey which showed there is a significant risk the European Central Bank goes into the next economic downturn without having raised interest rates at all.

Nearly 85 percent of the fund managers who answered an extra question expect the upswing in U.S. equities to continue for at least another three months, including over 55 percent who said six months or more.

“Earnings expectations for equities are fairly low and valuations moderate. Another year of very supportive monetary and fiscal policy should provide support to higher price multiples,” said Benjamin Suess, director at UBS Asset Management.

“Clearly, there are potential stumbling blocks ahead … but as long as we don’t run into a recession over the next 12 months, which is our base case, we don’t expect a major bear market.”

When asked what is the most likely change to their portfolios over the next six months, more than 55 percent of asset managers who answered an additional question said they would roughly maintain their current risk positioning.

Over 30 percent of them said they would most likely reduce or take more defensive exposure to riskier assets or positions within the same asset class. The remaining said the most probable change would be to increase exposure.

“We are likely to continue to exploit risk rotation during the year, and take opportunities for some market volatility to add risk at more appealing valuations,” said Pascal Blanqué, group chief investment officer at Amundi Asset Management in Paris.

(Additional reporting and polling by Sarmista Sen in BENGALURU and Fumika Inoue in TOKYO; Editing by Alison Williams)

Source: OANN

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Texas dad left in coma after brutal attack while protecting daughter from boyfriend: cops

A Texas man is "fighting for his life" after an alleged brutal assault by his daughter's boyfriend during an argument Saturday, according to reports.

Eric Garcia asked his daughter's boyfriend to leave the home after overhearing him calling the girl derogatory names during an argument, reports said. His daughter had been dating the man for about a month.

Jamie Apodaca, 24, who police identified as the boyfriend, left and returned a few minutes later and began arguing with Garcia, reports said. 

Eric Garcia remains in a coma at an Austin-area hospital, according to a GoFundMe page. Authorities said he asked his daughter’s 24-year-old boyfriend, Jamie Apodaca, to leave his home after overhearing him calling her names. The couple had been dating for one month.

DAD, FRIEND BEAT DAUGHTER'S ABUSIVE BOYFRIEND TO DEATH, COPS SAY

Apodaca, who had been staying with the family for 10 days, left and returned a few minutes later and began arguing with Garcia. The confrontation turned violent and police say Apodaca hit Garcia several times and punched his daughter, KEYE-TV reported.

Jamie Apodaca

Jamie Apodaca (Austin Police Department )

At one point, Apodaca allegedly struck Garcia, causing him to fall and hit his head on the concrete, fracturing his skull.

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"It was really shocking and it's been a really tough couple of days, just kind of hoping that he pulls through but knowing that he probably won't," Garcia’s friend Rock Schouman told the station.

Apodaca remains in Travis County jail. He is charged with assault causing bodily injury to a family member, assault causing bodily injury and aggravated assault causing serious bodily injury to a family member.

Source: Fox News National

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The 10 Best Cities to Live in America Are . . .

Which cities in America are the best to live in? It is an age-old debate and in an effort to settle it, for 2019 at least, U.S. News & World Report has just released its annual list of the best places to live in America.

In order to establish the winners, the survey analyzed the 125 most populous metropolitan areas in the country. To make the top of the list, each city had to have good value, be a desirable place to live, have a strong job market, and a high quality of life. Additional factors such as median household income, crime rates, and the overall availability to healthcare were also taken into account then compared to results from a poll that asked 2,500 people from across the country where they would ultimately prefer to live, Today noted.

Topping the list for the third time in a row was Austin, Texas, which also ranked as one of the top cities to retire in. Denver and Colorado Springs ranked second and third respectively, followed by Fayetteville, Arkansas, and Des Moines, Iowa, rounding out the top five.

"Our Northeastern cities, which are epicenters of higher education and economic development, are not growing nearly as much as places in Florida, California, and Texas," said Devon Thorsby, real estate editor for U.S. News & World Report, according to Today. "Plus, they are expensive to live in. Top-ranked places have the characteristics people are looking for, including steady job growth, affordability, and a high quality of life."

On the opposite end of the scale, San Juan, Puerto Rico, ranked at the bottom of the list along with Bakersfield, Stockton, Modesto, and several California cities.

Here are the top 10 best cities to live in America, according to U.S. News & World Report:

  1. Austin, Texas
  2. Denver, Colorado
  3. Colorado Springs, Colorado
  4. Fayetteville, Arkansas
  5. Des Moines, Iowa
  6. Minneapolis-St. Paul, Minnesota
  7. San Francisco, California
  8. Portland, Oregon
  9. Seattle, Washington
  10. Raleigh & Durham, North Carolina

Source: NewsMax America

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

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

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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