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Syria to UN envoy: Constitution is a 'sovereign' matter

Syria's foreign minister says the country's constitution is a sovereign matter to be decided by the Syrians themselves without any foreign intervention.

The comments by Walid al-Moallem were made during a meeting with the United Nations' special envoy to Syria, Geir Pederson.

Pederson, who took up his post in January, arrived in Syria on Sunday for meetings with Syrian officials. The envoy has said that the long-delayed formation of a committee to draft a new constitution for Syria is "a potential door-opener for the political process."

The 150-member committee is intended to represent the government, the opposition and civil society and is seen by the U.N. as key to holding free elections and ending the civil war in Syria, which entered its ninth year this week.

Source: Fox News World

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U.S. judge rules Qualcomm owes Apple nearly $1 billion rebate payment

FILE PHOTO: A woman holds her phone near an Apple company logo in Beijing
FILE PHOTO: A woman holds her phone near an Apple company logo in Beijing, China December 14, 2018. REUTERS/Jason Lee

March 15, 2019

By Stephen Nellis

(Reuters) – A U.S. federal judge has issued a preliminary ruling that Qualcomm Inc owes Apple Inc nearly $1 billion in patent royalty rebate payments, though the decision is unlikely to result in Qualcomm writing a check to Apple because of other developments in the dispute.

Judge Gonzalo Curiel of the U.S. District Court for the Southern District of California on Thursday ruled that Qualcomm, the world’s biggest supplier of mobile phone chips, was obligated to pay nearly $1 billion in rebate payments to Apple, which for years used Qualcomm’s modem chips to connect iPhones to wireless data networks.

The payments were part of a business cooperation agreement between the two companies amid the peculiar patent licensing practices of the consumer electronics industry.

In general, the contract factories that built Apple’s iPhones would pay Qualcomm billions of dollars per year for the use of Qualcomm’s patented technology in iPhones, a cost that Apple would reimburse the contract factories for. Separately, Qualcomm and Apple had a cooperation agreement under which Qualcomm would pay Apple a rebate on the iPhone patent payments if Apple agreed not to attack in court or with regulators.

In a lawsuit filed two years ago, Apple sued Qualcomm, alleging that the chip supplier had broken the cooperation agreement by not paying nearly $1 billion in patent royalty rebates.

Qualcomm in turn alleged that it stopped paying the rebate payments because Apple had broken the agreement by urging other smartphone makers to complain to regulators and making “false and misleading” statements to the Korean Fair Trade Commission, which was investigating Qualcomm over antitrust allegations. Apple responded that it was making lawful responses to regulators in an ongoing investigation.

Judge Curiel sided with Apple, ruling that Qualcomm owed the missed rebate payments.

“Qualcomm’s illegal business practices are harming Apple and the entire industry,” Apple said in a statement.

Don Rosenberg, executive vice president and general counsel of Qualcomm, told Reuters in a statement, “Although the Court today did not view Apple’s conduct as a breach of Apple’s promises to Qualcomm in the 2013 Business Cooperation and Patent Agreement, the exposure of Apple’s role in these events is a welcome development.”

The decision will not become final until after the trial in the case, which begins next month. And it is unlikely that Qualcomm will make a new payment to Apple.

Apple’s contract factories, which under normal circumstances would pay Qualcomm for patent royalties owed on iPhones, have already withheld the nearly $1 billion in payments to Qualcomm. Qualcomm’s Rosenberg said those withheld iPhone payments have already been accounted for in Qualcomm’s existing financial statements.

“Apple has already offset the payment at issue under the agreement against royalties that were owed to Qualcomm,” Qualcomm’s Rosenberg told Reuters.

(Reporting by Stephen Nellis; Editing by Cynthia Osterman)

Source: OANN

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Israel’s president: Talks about PM choice to begin Monday

Israel's president says he will receive party representatives at his residence on Monday to hear their recommendations for who should be the next prime minister.

President Reuven Rivlin's office announced Friday he will consult with the heads of all elected factions, in order of largest to smallest, about their choices.

Rivlin, whose role is otherwise ceremonial, then picks the candidate he believes has the best chance of assembling a parliamentary majority, and ask that leader to form a government within 42 days.

That candidate looks to be Prime Minister Benjamin Netanyahu. A final tally of votes late Thursday showed Netanyahu's Likud party capturing 36 seats in the 120-seat Knesset. Together with nationalist and Jewish ultra-Orthodox parties, which Netanyahu calls his "natural allies," his right-wing bloc commands a 65-55 parliamentary majority.

Source: Fox News World

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Brazil moves Venezuela aid to border despite closure

Brazilian authorities on Friday began moving humanitarian aid to its northern border with Venezuela even though the international crossing has been closed.

Brazil's air force sent a plane with food and medicine to Boa Vista, the main city in the northern state of Roraima. They planned to transport via trucks the goods, which included rice, powered milk and first aid kits, to Pacaraima, the city that borders Venezuela.

Humanitarian aid to Venezuela has become a flashpoint in the struggle between President Nicolas Maduro and Juan Guaido, who has been recognized by over 50 nations, including Brazil, as the country's president.

Guaido has announced plans to bring in aid on Saturday via Brazil, Colombia and the Caribbean island of Curacao.

In anticipation of the planned aid delivery on Saturday, on Thursday Maduro closed Brazil's border crossing. The maritime border with Curacao had also been shut.

Brazilian officials stressed Friday they would not engage in a military confrontation with oil-rich Venezuela, which supplies much of Roraima's energy.

"We have to wait and see how things develop," Augusto Heleno, minister of institutional security, told Globo News. "What's clear is that Brazil will not take any aggressive action."

Still, desperately needed aid sitting on the border was sure to raise tensions in Pacaraima, a dusty city with many dirt roads. In recent years, Pacaraima has received thousands of Venezuelans crossing the border in search of food and medicine. While most Venezuelans continue to other Brazilian cities, the most destitute stay in Pacaraima because they have no money for bus fare.

Instead, they sleep on the sides of roads, look for odd jobs and try to hitch hike to Boa Vista, about three hours drive south. Many are emaciated and have health problems.

On Friday, many Venezuelans could be seen crossing the border illegally away from the checkpoint.

Source: Fox News World

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Norway’s wealth fund appoints Karsten Kallevig as chief investment officer real estate

Norges Bank Investment Management Head of Real Estate Asset Management Kallevig walks along Regent's Street in London
FILE PHOTO: Norges Bank Investment Management Head of Real Estate Asset Management Karsten Kallevig walks along Regent's Street in London January 13, 2011. REUTERS/Suzanne Plunkett

April 2, 2019

OSLO (Reuters) – Karsten Kallevig will join the leader group of the Norwegian sovereign wealth fund as its investment officer real estate with effect from 1 April, Norway’s central bank said on Tuesday.

Kallevig comes from the position as chief executive officer (CEO) of Norges Bank Real Estate Management (NBREM), which was recently reintegrated in the main fund.

Nina Hammerstad was appointed Chief People and Operations Officer from 1 June, replacing Sirine Fodstad, who will take a job of a new CEO for the holding company in the Grieg Group, Grieg Maturitas, it added.

(Reporting by Nerijus Adomaitis)

Source: OANN

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European shares fall as tech, auto stocks weigh

The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 5, 2019. REUTERS/Staff

April 8, 2019

(Reuters) – European stocks opened broadly lower on Monday following a week of strong gains, as dismal German trade data hurt auto makers and software company SAP dragged the tech sector lower after it announced another departure in its top management.

The pan-region STOXX 600 index was down 0.13 percent at 0723 GMT, having touched eight-month highs last week.

Germany’s trade sensitive DAX index fell 0.3 percent, breaking a seven day winning streak – its longest since October 2017.

Earlier on Monday data showed that German exports and imports fell more than expected in February, the latest sign that Europe’s biggest economy will likely post meager growth in the first quarter.

Auto stocks underperformed after a near 7 percent surge last week.

BMW, Daimler declined, with both facing possibly hefty fines after EU antitrust regulators charged them with colluding to block the rollout of clean emissions technology.

Continental AG fell 1.7 percent as Kepler Cheuvreux downgraded the auto parts maker to “hold” from “buy”.

By contrast Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) rose after it agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new EU emission rules.

Software company SAP weighed the most on the STOXX 600 index, down 1.5 percent as Europe’s most valuable technology company said the head of its cloud business group had quit, the latest in a string of top departures.

Irish stocks, a barometer of Brexit sentiment, ended a six-day winning run.

Britain’s government held out the possibility of compromise with the opposition Labour Party on Sunday to try to win support in parliament for leaving the European Union with a deal. UK Prime Minister Theresa May heads to Brussels this week to ask for a further delay until June 30.

Banco BPM dropped 1.3 percent as Italy’s third biggest lender said it could be interested in tie-ups with banks close to its home turf in the north of the country, comments that appeared to play down a possible deal with Monte dei Paschi di Siena.

Deutsche Bank and Commerzbank dropped 0.4 percent and 1.5 percent respectively. European bank supervisors demanded a detailed roadmap outlining the pace and scale of staff cuts in the two lenders as they explore a merger, according to German daily Handelsblatt’s report.

The two German lenders favor a straightforward merger over more complex ways to structure a deal, Reuters reported on Friday.

(Reporting by Susan Mathew and Medha Singh in Bengaluru; Editing by Raissa Kasolowsky)

Source: OANN

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Liberal arts colleges across the country face ‘existential threat’

MARLBORO, Vt. – Economists and higher education experts are warning small liberal arts colleges across the country to brace for the worst.

"Their business models are breaking," said Michael Horn, who studies trends in the higher education industry. "Their costs continue to go up the pressure to increase costs continue to go up and yet the revenue just isn't there."

At the end of the spring 2019 semester, six institutions from Vermont to Oregon are expected to shut their doors due to financial woes, adding to a growing list of private liberal arts colleges failing to stay afloat.

Credit rating agency Moody's estimates that with a quarter of private colleges in the red, there could be as many as 11 closures by the end of the year. The report found that one in five small private colleges in the nation is under "fundamental stress."

NEW JERSEY TEEN ONCE HOMELESS ACCEPTED INTO 17 COLLEGES, OVERCOMES FAMILY OBSTACLES

At Marlboro College in southern Vermont, the student body of roughly 200 is well-aware of the school's financial difficulties.

"If you say something to one person, the entire school is going to know it in a week," said Sage Kampitsis, a senior at Marlboro.

Marlboro College is a liberal arts college with roughly 200 students in southern Vermont. 

Marlboro College is a liberal arts college with roughly 200 students in southern Vermont.  (ROB DIRIENZO / Fox News)

The college has gotten innovative with new ways to raise money, throwing community fundraisers and looking at new methods of recruitment. With other rural Vermont colleges boarding up, like Green Mountain College a few miles away, Marlboro College's president Kevin Quigly is working to defy the odds.

"Underway is really an effort to kind of shift our financial model where at a place like Marlboro we have challenges," said Quigly. "We recognize those challenges and we're working to address them."

Over the years, as tuition across the country has soared, colleges have been discounting tuition to make themselves more attractive to prospective students. Larger universities do not rely as heavily on tuition as a primary source of revenue, making it difficult for smaller colleges to stay competitive — and realistic for low-income and middle-class families.

"That's really a double whammy that adversely affects the finances of these small colleges," said Quigly.

Kampitsis, like most others, said the financial aid she received from Marlboro made going there feasible for her. Marlboro, which is in better shape than most of its peers with minimal debt and a larger endowment than most, just lowered the sticker-price tuition to better reflect what students will actually be paying.

USC, YALE AMONG COLLEGES SUED BY STUDENTS AMID COLLEGE ADMISSIONS SCANDAL

"The bigger colleges across the country and the elite schools don't have this problem because they are still able to attract students," said Horn, the higher ed researcher.  "These large endowments are often public sources of funding that allow them to get by this demographic cliff we're starting to hit."

That demographic cliff: the pool of 18-year-olds looking to go to small rural colleges is declining, instead favoring urban universities with better networking opportunities. Kampitsis also sees a shift in focus away from liberal arts to more marketable majors for potential employers as a contributing factor.

"Things like sociology, anthropology, psychology, philosophy, history — they're not the majors that are like really big in the job market," Kampitsis said. "They're not the things are making a lot of money. And so those since those majors are losing their economic value, they then, in turn, lose their moral value."

“Make no mistake. This is an existential threat to entire sectors of higher education, and New England is, unfortunately, ground zero,” said UMass President Marty Meehan at a State of the University speech last month. UMass recently absorbed the doomed Mount Ida College in Newton, which it now plans to turn into a satellite campus.

Meanwhile, colleges elsewhere in the country are increasingly meeting the same fate.

Recent closures of small liberal arts colleges in the U.S.

Recent closures of small liberal arts colleges in the U.S.

"I think it's going to be really brutal in some of these rural communities where the small liberal arts school is the mainstay of the economy," said Horn.

Some small schools are hoping to remain viable by developing a niche, like offering online courses or specialized programs. In northern Vermont at Sterling College, a hundred-student campus focused on ecology and environmentalism, enrollment is up.

Horn said thinking outside of the box could mean life or death for these schools.

"These new sources of revenue could be found through innovation like using online learning to take strengths that maybe you uniquely have on your campus and start to be able to attract students across the region or even nationwide," Horn said.

Another strategy, like in the case of Mount Ida, has been turning to larger universities, asking to be acquired. Boston's Wheelock College has reopened as a Boston University campus.

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But others, like Hampshire College in Amherst, Mass., are planning to fight for every penny to stay open—and independent.

"I think we can do this," said interim Hampshire College President Ken Rosenthal in a letter to an anxious student body. "We’ll need to raise $15-20 million over the next year, and then, over the next five or six years, perhaps close to $100 million. It’s not unprecedented, and we’ll have to move fast and work hard, but I’m optimistic."

Source: Fox News National

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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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149.95

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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.

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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

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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

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Source: InfoWars

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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