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Wirecard sues FT over investigative reports

The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany September 6, 2018. REUTERS/Michael Dalder

March 28, 2019

FRANKFURT (Reuters) – German payments company Wirecard said on Thursday it was suing the Financial Times over a series of investigative reports that it said made use of, and misrepresented, business secrets.

Wirecard has filed a suit at the Munich regional court against both the FT and its reporter, Dan McCrum, seeking a ruling on the merits of its case. If successful, the company would then press for monetary redress.

“Our objective is to seek a halt to the incorrect use of business secrets for the purposes of reporting, as well as damages,” Wirecard said in a statement. No comment was immediately available from the FT.

The fightback comes after the FT alleged in January that Wirecard’s Singapore staff had engaged in fraud and false accounting, basing its reporting on a law firm’s probe of allegations made by an unnamed whistleblower.

The newspaper’s revelations wiped billions off the market value of Wirecard, Germany’s leading ‘fintech’ company that only last year was promoted to the blue-chip DAX index, and triggered an investigation by Singapore police.

Wirecard said on Monday that the final results of a probe by outside law firm Rajah & Tann had found that local staff in Singapore may have committed financial crimes, but that these were not material and there was no evidence that its German head office was complicit.

(Reporting by Douglas Busvine; Editing by Michelle Martin)

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Trump doubles down on plan to ship migrants to sanctuary cities, says ‘Radical Left’ should be happy

President Trump responded to reports Friday that his administration proposed releasing immigrant detainees in sanctuary cities by not only confirming the plan but saying it remains under “strong” consideration.

Further, the president tweeted that relocating illegal immigrants to these districts should make the "Radical Left" happy.

The comments came after The Washington Post first reported that the White House proposed sending the detainees to sanctuary cities twice in the last six months. The proposal was first floated in November amid reports of a large migrant caravan from Central American making its way to the southern border. The idea was again considered in February, amid the standoff with Congress over a border wall.

PELOSI FUMES OVER WHITE HOUSE PLAN TO RELEASE IMMIGRANT DETAINEES IN SANCTUARY CITIES

The Post said the plan was shot down both times. But on Friday, Trump signaled the proposal isn't dead.

“Due to the fact that Democrats are unwilling to change our very dangerous immigration laws, we are indeed, as reported, giving strong considerations to placing Illegal Immigrants in Sanctuary Cities only,” Trump tweeted.

“The Radical Left always seems to have an Open Borders, Open Arms policy—so this should make them very happy!” he continued.

The president doubled down as Democrats fumed over the relocation idea.

“The extent of this Administration’s cynicism and cruelty cannot be overstated,” House Speaker Nancy Pelosi’s spokeswoman Ashley Etienne said in a statement Friday. “Using human beings—including little children—as pawns in their warped game to perpetuate fear and demonize immigrants is despicable, and in some cases, criminal.”

She added: “The American people have resoundingly rejected this Administration’s toxic anti-immigrant policies, and Democrats will continue to advance immigration policies that keep us safe and honor our values.”

Pelosi’s district—San Francisco—was among the sanctuary cities the administration considered sending detainees to.

WHITE HOUSE PROPOSED RELEASING IMMIGRANT DETAINEES INTO 'SANCTUARY CITIES' TO TARGET POLITICAL FOES: REPORT

White House officials, though, stressed earlier Friday that the plan never went anywhere. A source familiar with discussions told Fox News that Democrats who advocate leniency toward illegal immigrants should work with the administration to find ways to transport those set for release, including in their states and districts.

The proposal was apparently rejected both times it came up by administration immigration agencies.

A Nov. 16 email from the White House to officials at several agencies reportedly asked whether migrants could be arrested and bused to “small-and mid-sized sanctuary cities” and other Democratic strongholds. Pelosi’s district in San Francisco was considered one of the areas targeted, according to The Post.

The proposal was intended to alleviate crowded detention centers, the White House told Immigration and Customs Enforcement (ICE).

The same report said "the attempt at political retribution raised alarm within ICE." An ICE official responded, noting that there were budgetary and liability issues, but also said “there are PR risks as well.”

The source familiar with the discussions argued, however, that the White House did not view this as political retribution.

“This was just a suggestion that was floated and rejected, which ended any further discussion,” the White House told The Post.

In a statement, Deputy ICE Director Matt Albence also pushed back and said he was not pressured by the White House – though indicated such a proposal was put forward.

“As the Acting Deputy I was not pressured by anyone at the White House on this issue. I was asked my opinion and provided it and my advice was heeded. The email exchange is clear and suggesting that it indicates inappropriate pressure is inaccurate,” he said.

It is unclear, at this point, whether immigration agencies would now support the proposal.

Trump has repeatedly blasted sanctuary cities, which are areas where local authorities refuse to cooperate with federal immigration agencies. The cities are typically run by Democrats.

The president was also hit this week with questions over the administration’s past family separation policy at the border. Trump said they have no plans to revive the policy, amid renewed speculation about whether the practice could return amid a shake-up in staffing at the Department of Homeland Security including the resignation of Secretary Kirstjen Nielsen.

Kevin McAleenan, who was serving as CBP commissioner, is replacing her as acting secretary.

Nielsen’s resignation comes amid an influx of migrants at the U.S.-Mexico border. Nielsen was reportedly frustrated with the difficulty of getting other departments to help deal with the growing number of families crossing the border. But administration officials told Fox News that McAleenan best fits Trump’s requirement of being the “toughest cop” on the frontier, and that Nielsen had been viewed as resistant to some of the immigration measures pushed by the president and his aides.

By Tuesday, DHS Acting Deputy Secretary Claire Grady also resigned.

And on Wednesday, Nielsen announced that ICE Acting Director Ron Vitiello would be stepping down by the end of the week.

Fox News' Kristin Brown, Matt Leach, and The Associated Press contributed to this report. 

Source: Fox News Politics

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3 French ministers bow out of Cabinet, eying elected posts

French President Emmanuel Macron says three Cabinet ministers have resigned, including the European Affairs minister who plans to lead the campaign by Macron's party for European Parliament seats.

The president said in a statement Wednesday that government spokesman Benjamin Griveaux and Digital Affairs minister Mounir Mahjoubi are leaving along with European Affairs minister Nathalie Loiseau.

Griveaux and Mahjoubi have said in interviews they want to run in next year's mayoral race in Paris. The current mayor is Anne Hidalgo.

A government reshuffle is expected in the coming days.

Loiseau, a career diplomat, joined Macron's government in June 2017 and was involved in France's Brexit preparations. She will head the president's pro-European Union party in the May EU parliament elections.

Griveaux has been government spokesman since November 2017. Mahjoubi became digital affairs minister in May 2017.

Source: Fox News World

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Ocasio-Cortez draws bigger crowd at SXSW than 2020 candidates Warren, Klobuchar

Several 2020 presidential candidates of all political stripes appeared at South by Southwest in Austin, Texas, on Saturday. But it was U.S. Rep. Alexandria Ocasio-Cortez -- who at 29 years old is ineligible to seek the White House -- who drew the largest crowd.

The New York Democrat attracted more interest than a bill that included U.S. Sens. Elizabeth Warren of Massachusetts and Amy Klobuchar of Minnesota, former Starbucks CEO and potential candidate Howard Schultz, and former Republican Gov. John Kasich of Ohio, event organizers told KRIS-TV of Corpus Christi.

Other Democratic candidates slated to speak Sunday included Julian Castro, the former Cabinet secretary in the Obama administration and former San Antonio mayor, Washington Gov. Jay Inslee and Colorado Gov. John Hickenlooper.

U.S. Sen. Amy Klobuchar, D-Minn., takes part in a "Conversations About America's Future" program at ACL Live during the South by Southwest Interactive Festival on Saturday, March 9, 2019, in Austin, Texas. (Photo by Jack Plunkett/Invision/AP)

U.S. Sen. Amy Klobuchar, D-Minn., takes part in a "Conversations About America's Future" program at ACL Live during the South by Southwest Interactive Festival on Saturday, March 9, 2019, in Austin, Texas. (Photo by Jack Plunkett/Invision/AP)

Ocasio-Cortez's audience packed a ballroom at the nine-day music and media festival, with some being turned away, according to the station.

During an interview with Briahna Gray, senior politics editor for the Intercept, the freshman congresswoman chastised political moderates, touched on racism, capitalism, class and the wealth gap and took a question from Bill Nye – known as Bill Nye the Science Guy.

Later Saturday, Ocasio-Cortez reacted to a tweet that said Starbucks boss Schultz was greeted with silence upon his criticism of the Green New Deal while at SXSW.

“Ah yes, because we‘ve all drawn upon the rich inspiration of American leaders who‘ve inspired a nation in crisis by saying, “No, You Can’t,” she tweeted.

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Ocasio-Cortez has become one of the most recognizable political figures in Congress, in part because of her use of social media and her outspoken personality. They have also made her the subject of criticism from both Republicans and Democrats.

Documentary filmmaker Michael Moore, one of her supporters, recently said in an interview that the Constitution's age requirement to become president – 35 years old – should be amended so Ocasio-Cortez can launch a White House bid. 

Like Ocasio-Cortez, Moore also took issue with moderates, telling them to “Take a position.”

Source: Fox News Politics

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Rights group faults treatment of Lebanese held in UAE

Human Rights Watch says eight Lebanese men charged with links to the Hezbollah militant group are being poorly treated and held in undisclosed locations in the United Arab Emirates.

The rights group said Monday the trial of the eight men, all Shiite Muslims and long-time residents, has been marred with violations and irregularities, including brief hearings closed to the public and lack of access to defense lawyers.

They are expected to appear in court Wednesday. Local media reported they are likely to face new charges.

The men were detained more than a year ago, but were only charged last month. They are accused of setting up a "terrorist cell with links to Hezbollah in Lebanon." The men deny the charges.

HRW says they are being held in solitary confinement.

Source: Fox News World

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Pakistan's anti-graft tribunal indicts ex-premier, 6 others

A Pakistani anti-graft tribunal has indicted former Prime Minister Raja Pervaiz Ashraf and six others over millions of dollars in losses because of delays to a power project.

Monday's indictments came years after the country's anti-graft body, called National Accountability Bureau, concluded in its findings that Ashraf and six other officials and politicians had caused the government severe losses over the Nandipur project. Ashraf served as prime minister in 2012.

One of the accused politicians, Babar Awan, is a senior leader of Prime Minister Imran Khan Pakistan's Tehreek-e-Insaf party.

Khan came into power in last year's parliamentary elections after campaigning on promises to route corruption from the government. His predecessor, Prime Minister Nawaz Sharif, was removed from office over corruption allegations. Sharif is currently in prison and facing multiple trials.

Source: Fox News World

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Elizabeth Warren proposes canceling billions in student loan debt

FILE PHOTO: Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks to supporters in Memphis
FILE PHOTO: Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks to supporters in Memphis, Tennessee, U.S. March 17, 2019. REUTERS/Karen Pulfer Focht/File Photo

April 22, 2019

WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, wants to cancel billions of dollars in student loan debt and make college cheaper for students going forward.

Warren, in a post on the website Medium, proposed canceling $50,000 in student loan debt for anyone with annual household income under $100,000, which her campaign said would amount to 42 million Americans. It would also cancel some debt for those with household incomes between $100,000 and $250,000.

Warren, who has long advocated in Congress for providing debt relief to students, called student loan debt a “crisis.” She said canceling debt for millions of people would help close the nation’s racial and wealth gap, and also proposed making all two-year and four-year public colleges free.

“The first step in addressing this crisis is to deal head-on with the outstanding debt that is weighing down millions of families and should never have been required in the first place,” Warren wrote.

Warren is competing in a crowded field of more than 20 Democrats vying for their party’s 2020 nomination and has sought to distinguish herself by offering numerous, expansive policy proposals.

Anticipating Republican criticism that her proposal would be too expensive, Warren said her debt cancellation plan and universal free college could be paid for through an “Ultra-Millionaire Tax,” which would impose a 2 percent annual tax on families with $50 million or more in wealth.

Education has been a topic on the campaign trail for some of Warren’s rivals as well.

U.S. Senator Kamala Harris, another contender for the Democratic presidential nomination, released a plan last month that would use $315 billion in federal money over 10 years to give the average teacher a $13,500 raise, or about a 23 percent salary increase.

(Reporting By Yasmeen Abutaleb; Editing by Bill Berkrot)

Source: OANN

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

Source: OANN

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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Funeral of journalist Lyra McKee in Belfast
Labour Party leader Jeremy Corbyn attends the funeral service for murdered journalist Lyra McKee at St Anne’s Cathedral in Belfast, Northern Ireland April 24, 2019. Brian Lawless/Pool via REUTERS

April 26, 2019

LONDON (Reuters) – The leader of Britain’s opposition Labour Party, Jeremy Corbyn, said on Friday he had turned down an invitation to a state dinner which will be part of U.S. President Donald Trump’s visit to Britain in June.

“Theresa May should not be rolling out the red carpet for a state visit to honor a president who rips up vital international treaties, backs climate change denial and uses racist and misogynist rhetoric,” Corbyn said in a statement.

He said maintaining the relationship with the United States did not require “the pomp and ceremony of a state visit” and he said he would welcome a meeting with Trump “to discuss all matters of interest.”

(Reporting by Andy Bruce; Writing by William Schomberg)

Source: OANN

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A bedridden 67-year-old woman and more than a dozen animals were rescued Thursday after a welfare check found that they were living in a home filled with trash, urine, and feces, Florida police said.

Pinellas County sheriff’s deputies said when they arrived at the home in Dunedin around 7:20 p.m. Thursday, they could smell the odor of rotting trash and animal feces as they walked up to the driveway.

“Inside the residence, the odor of feces and urine was so overwhelming that deputies had to don masks,” the sheriff’s department said in a statement.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Walking throughout the residence, the deputies found 10 emaciated dogs and puppies living in bins filled with their own feces, five large Macaw birds flying freely, rats, bugs and overall squalor.

Puppies discovered living in their own feces inside a Florida home that was filled with trash, urine, and feces.

Puppies discovered living in their own feces inside a Florida home that was filled with trash, urine, and feces. (Pinellas County Sheriff’s Office)

Deputies said due to the large amounts of trash in the home, they had to clear a path to reach the victim’s bedroom.

“None of the home’s toilets were working and all were found to be overflowing with feces,” deputies said. “The only working sink was located on the opposite end of the house from the victim’s bedroom.”

They said there was no food or water for the victim or the animals.

FLORIDA MAN IN EASTER BUNNY COSTUME CAUGHT IN VIRAL BRAWL IS WANTED IN NEW JERSEY, HAS HISTORY OF ARRESTS

The victim was transported to a local hospital for injuries that were non-life threatening, while the animals were transported to shelters.

The woman’s caretaker, Richard Lawrence Goodwin, 65, was arrested and charged with abuse and neglect of an elderly person, disabled person, and cruelty to animals.

Richard Goodwin, 69, was arrested for abuse and neglect of an elderly and disabled person after deputies found she was living in deplorable conditions.

Richard Goodwin, 69, was arrested for abuse and neglect of an elderly and disabled person after deputies found she was living in deplorable conditions. (Pinellas County Sheriff’s Office)

The sheriff’s department said this was Goodwin’s second arrest for abuse and neglect of the same victim. He was previously arrested in May 2018.

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Neighbor Victoria Muenzerbeer told FOX 13 that Goodwin and the victim were hoarders and the conditions inside the home were horrible years ago when she visited once.

“I went in and it was absolutely, a human being couldn’t live there,” she said. “The kitchen wasn’t usable and part of the wall was falling in.”

Source: Fox News National

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Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli
Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli, Libya April 25, 2019. REUTERS/Hani Amara

April 26, 2019

By Ulf Laessing

TRIPOLI (Reuters) – Libya’s U.N.-recognized government has budgeted up to 2 billion dinars ($1.43 billion) to cover costs of a three-week-old war for control of the capital, such as treatment for the wounded, to be funded without new borrowing, the economy minister said.

Ali Abdulaziz Issawi suggested the government hoped for business to continue more or less as usual despite the assault on Tripoli, in the country’s northwest, by forces tied to a parallel administration based in the eastern city of Benghazi.

Once Africa’s third largest producer of oil, Libya has been riven by factional conflict since the fall of Muammar Gaddafi in 2011, with the country now broadly split between eastern-based forces under Khalifa Haftar and the U.N.-backed government in Tripoli, in the west, under Prime Minister Fayez al-Serraj.

Still, with Haftar’s Libyan National Army forces unable so far to pierce defenses in Tripoli’s southern suburbs, normal life and business activities continue in much of the capital and western coastal towns.

Issawi, in an interview with Reuters in his Tripoli office, also said Libya’s commercial ports and wheat imports were still functioning normally, although some roads have been blocked.

He said the Serraj government estimates it will spend up to 2 billion dinars extra on medical treatment for wounded, aid for displaced people and other “emergency” war costs.

He said this was not military spending but analysts believe that the sum will also cover expenditures such as pay for allied armed groups or food for fighters.

“We could actually spend less,” he added, in comments that gave the first insight into the economic impact of the fighting.

Issawi said the Tripoli government, which controls little territory beyond the greater capital region, would not incur new debt to fund the war costs, sticking to a plan to post a 2019 budget without a deficit.

Tripoli derives revenue largely from oil and natural gas production, interest-free loans from local banks to the central bank, and a 183 percent surcharge on foreign exchange transactions conducted at official rates.

But with centralized tax collection greatly diminished, public debt has piled up – to 68 billion dinars in the west, including unpaid state obligations such as social insurance.

Some analysts expect Serraj’s government will be forced to raise new debt if the war for control of Tripoli drags on.

With much of Libya dominated by armed factions that also act as security forces, the public wage bill for both the western and eastern administrations has soared as fighters have been made public employees in efforts to buy their loyalty.

The east has sold bonds worth 35 billion dinars outside the official financial system as the Tripoli central bank does not fund the parallel government apart from some wages.

Despite its limited reach, the Tripoli government still runs an annual budget of around 46.8 billion dinars, mainly for public salaries and fuel subsidies.

“This year we cannot finance via debt…we will not borrow (by agreement with the central bank),” Issawi said.

According to International Monetary Fund data, Libya’s central government debt-to-GDP ratio is 143 percent, making it one of the most heavily indebted in the world on that measure.

Issawi declined to say what parts of the budget would be trimmed to support the extra outlay for war costs.

However, with some 70 percent of the budget allocated to public wages, fuel subsidies and other welfare benefits, a portion devoted to infrastructure is most likely to be axed.

Widespread lawlessness has meant there have been no major infrastructural projects since 2011, when a NATO-backed uprising overthrew dictator Muammar Gaddafi, leaving schools, hospitals and roads in acute need of restoration.

FOREX SURCHARGE

Issawi said the government planned to raise as much as 30 billion dinars by the end of 2019 from hard currency deals after imposing in September a 183 percent surcharge on commercial and private transactions done on the official rate of 1.4 to the U.S. dollar. That fee has effectively devalued the official rate to 3.9, much closer to the black market equivalent.

Some 17 billion dinars have been raised since then, with hard currency allocated for import credit letters now issued without delays, Issawi said. The forex fee has helped the government forecast a budget in the black for 2019.

Despite the narrowing spread between the two rates, the black market continues to thrive. Dozens of traders remained at their favorite spot behind the central bank headquarters in Tripoli when Reuters reporters visited it last week.

But traders said it could take time for the Serraj government to register the extra forex receipts as official banking channels were taking up to six months to approve import financing, keeping the black market in play for dealers.

Issawi said authorities planned to lower the forex fee from 183 percent, without saying when. The black market rate has dropped from 6 to around 4.1 since September but it has hardly moved of late as demand for black market cash remains high.

The Tripoli government has stopped subsidizing food and bread, which used to be cheaper than drinking water in Libya. Wheat imports are now being arranged by private traders and there are surplus stocks of flour at the moment, Issawi said.

(Reporting by Ulf Laessing in Tripoli with additional reporting by Karin Strohecker in London; Editing by Mark Heinrich)

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