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UnitedHealth reports 22.2 percent rise in quarterly profit

FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the NYSE in New York
FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. REUTERS/Brendan McDermid/File Photo

April 16, 2019

(Reuters) – U.S. health insurer UnitedHealth Group Inc on Tuesday reported a 22.2 percent rise in first-quarter profit, driven by strength in its main insurance business and Optum unit, which includes its pharmacy benefit management business.

Net earnings attributable to shareholders rose to $3.47 billion, or $3.56 per share, in the first quarter ended March 31, from $2.84 billion, or $2.87 per share, a year earlier.

Total revenue rose to $60.31 billion from $55.19 billion.

(Reporting by Tamara Mathias and Manojna Maddipatla in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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Turkey’s economy to contract in 2019, longer recession ahead

FILE PHOTO: A street vendor stands next to his stall in front of a jewellery shop in Istanbul
FILE PHOTO: A street vendor stands next to his stall in front of a jewellery shop in Istanbul, Turkey, April 11, 2019. REUTERS/Murad Sezer/File Photo

April 12, 2019

By Nevzat Devranoglu

ANKARA (Reuters) – Turkey’s economy is expected to contract in 2019 after a decade of strong growth, and economists are predicting a longer recession ahead after a recent bout of volatility in the lira, a Reuters poll showed on Friday.

The Turkish economy contracted 3 percent in the fourth quarter of last year after a currency crisis devalued the lira by nearly 30 percent against the dollar. It drove inflation to a 15-year high, severely limited companies’ ability to service foreign debt and multiplied bad loans in the banking sector.

The economy will contract 0.3 percent this year, the median of a Reuters poll of 43 economists showed – well below the government’s sharply lowered forecasts of 2.3 percent growth. There was a wide range of estimates, from growth of 2.3 percent and a contraction of 5.0 percent.

Turkey’s economy last contracted in 2009, by 4.7 percent. From 2010 to 2017 its compound growth rate was 6.6 percent thanks to a construction boom driven by cheap capital following the global financial crisis.

The economy is expected to contract 3.4 percent and 1.2 percent in the first two quarters of 2019, respectively, before returning to growth of about 2.1 percent in the third, according to the poll’s median.

The first quarter GDP reading is expected to be published on May 31.

The poll also showed that growth is expected to stand at 2.7 percent in 2020. The International Monetary Fund this week forecast a 2.5 percent contraction in Turkey this year, and 2.5 percent growth in 2020.

Forecast in Friday’s poll were generally revised down from a similar poll conducted three months ago, displaying a further deterioration in sentiment toward Turkey.

“We expect the economy to return to positive growth zone in the second half of the year,” Muammer Komurcuoglu, economist at Is Investment, said of his “soft landing” scenario. “Yet, this recovery is fragile and depends on political and geopolitical developments.”

THE QUESTION OF REFORMS

Last year’s currency crisis was driven by concerns over the central bank’s independence and deteriorating ties between Ankara and Washington.

Confidence remains shaky as the two NATO allies remain at odds over policies in Syria and over Turkey’s push to purchase a Russian missile defense system.

Finance Minister Berat Albayrak announced a reform package on Wednesday that mainly aims to recapitalize state banks squeezed by large companies restructuring debt.

Analysts have said that investor confidence could be restored if such reforms were implemented under the supervision of the IMF, a move Turkey has strongly rejected.

Yet when asked whether Turkey would seek funding from the IMF or another outside institution, six poll respondents said no. Nor is Turkey expected to hold early elections ahead of 2023, when presidential and parliamentary elections are scheduled, according to five respondents.

Among Albayrak’s reforms were plans to lower inflation, which hit a 15-year high of above 25 percent in October. It stood around 20 percent in March.

The poll showed that annual inflation is expected to decline to 17.5 percent by the end of the second quarter and drop to 15.5 percent by year-end, in line with government forecasts. It is expected to drop to 11.8 percent by end-2020 and 9.1 percent by end-2021.

The poll also showed the current account deficit – which ballooned last year but has since receded as the economy slowed – is expected to stand at 2.4 percent of the GDP this year, lower than a government forecast and down from 6 percent in the previous year.

The central bank hiked its policy rate to 24 percent in September and has left it unchanged since, though some investors worry about a premature easing of monetary policy.

President Tayyip Erdogan, a self-described “enemy” of interest rates, has in the past called on the central bank to lower its rates. Central bank Governor Murat Cetinkaya has said its tight monetary stance will be maintained until inflation shows a “convincing improvement.”

In a separate poll last week, economists predicted the central bank will gradually lower its key rate to 19.25 percent by year end, and to delay any cuts until around July, and to ease less aggressively than previously thought.

(Polling by Hari Kishan in Bengaluru, Nevzat Devranoğlu in Ankara; Additional reporting by Ali Kucukgocmen; Editing by Jonathan Spicer)

Source: OANN

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U.S. transport chief defends FAA decision to not immediately ground Boeing 737 MAX

FILE PHOTO: U.S. Secretary Elaine Chao speaks to the news media outside of the West Wing of the White House
FILE PHOTO: U.S. Department of Transportation Secretary Elaine Chao speaks to the news media outside of the West Wing of the White House in Washington, U.S., March 4, 2019. REUTERS/Leah Millis/File Photo

April 10, 2019

(Reuters) – U.S. Transportation Secretary Elaine Chao defended the Federal Aviation Administration’s decision to not immediately ground the Boeing 737 MAX fleet after a second deadly crash in March of an airplane in Ethiopia.

Chao also said the FAA will “thoroughly review” Boeing’s final software upgrade package and training revisions once the airplane manufacturer submits it. “The department’s goal is to ensure public trust in aviation safety and preserve the preeminence of the United States as the gold standard in aviation safety,” Chao told a U.S. House panel.

(Reporting by David Shepardson; Editing by Chizu Nomiyama)

Source: OANN

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Biden 2020 over before it really begins? Jared Kushner speaks on Mueller report, border crisis Via @PeterBoykin #MagaFirstNews part 2

Biden 2020 over before it really begins? Jared Kushner speaks on Mueller report, border crisis Via @PeterBoykin #MagaFirstNews JARED KUSHNER SPEAKS OUT - In an exclusive interview with Fox News' Laura Ingraham, Jared Kushner, President Trump's son-in-law and senior adviser, addressed Special Counsel Robert Mueller's findings in the Russia investigation, his coverage in the mainstream media and the president's threat to shut down the U.S.-Mexico border ... Kushner said any ... See More further attempts by Democrats to pursue a Russia collusion investigation would be "not productive" and "an embarrassment to our democracy" and that he's willing to testify on Capitol Hill about Russia. Kushner said Trump's threats to close the U.S.-Mexico border are a way "to pressure everybody" into taking action to limit illegal immigration. BIDEN'S BLUES: Joe Biden's potential 2020 candidacy may be in jeopardy before it even begins after a second woman has come forward to accuse former vice president of inappropriate touching ... Amy Lappos, 43, first told the Hartford Courant in an interview published Monday that Biden grabbed her during a $1,000-per-plate October 2009 fundraiser for U.S. Rep. Jim Himes, D-Conn. Lappos, who was working as an aide for Himes at the time, said Biden's action's weren't sexual, but that he did grab her. Her accusations came on the heels of a similar claim by former Nevada lieutenant governor candidate Lucy Flores, who said Monday she'd still vote for Biden over Trump, despite her claims. THE BATTLE OVER THE MUELLER REPORT: As House Judiciary Committee Democrats prepare subpoenas seeking the release Special Counsel Robert Mueller’s full report from the Justice Department, Harvard law professor Alan Dershowitz says Attorney General William Barr is not legally required to make the report public ... In an interview on "Hannity" Monday night, Dershowitz used the “shoe on the other foot” test to demonstrate that the Trump administration doesn’t have to comply with the Democrats' demands. 

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BBVA chairman says bank will continue working to clarify facts in spying case

FILE PHOTO: The headquarters of the Spanish bank BBVA in Madrid
FILE PHOTO: The headquarters of the Spanish bank BBVA are seen in Madrid, Spain, June 12, 2018. REUTERS/Juan Medina/File Photo

March 15, 2019

MADRID (Reuters) – Spain’s executive chairman Carlos Torres on Friday said the bank would continue its investigations in to a spying case allegedly involving the former chairman Francisco Gonzalez and will fully cooperate with judicial authorities.

On Thursday, the honorary chairman Gonzalez stepped down while awaiting the results of the inquiry.

“In relation to the case, BBVA will continue investigating rigorously, also actively collaborating with the justice to clarify the facts,” Torres said in Bilbao ahead of the annual shareholders meeting.

(Reporting By Jesús Aguado; editing by Paul Day)

Source: OANN

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Explainer: Five ways Trump’s moves to stem border surge have hit hurdles

Central American migrants walk during their journey towards the United States, in Villa Comaltitlan
Central American migrants walk during their journey towards the United States, in Villa Comaltitlan, Mexico April 18, 2019. REUTERS/Jose Cabezas

April 18, 2019

By Tom Hals

(Reuters) – Grappling with a ballooning number of migrants at the U.S. southern border, President Donald Trump has suggested increasingly bold steps to fulfill his signature campaign pledge to stem illegal immigration.

Yet many of his administration’s ideas have been hindered by legal, practical and political obstacles.

Meanwhile, the flow of migrants seeking asylum or a better life in the United States continues to swell. By March, the number of illegal entrants into the country had surged to the highest level in more than a decade.

On Wednesday, the acting director of the U.S. Department of Homeland Security Kevin McAleenan visited the Texas border to underscore the administration’s concerns about a growing crisis.

The U.S. Customs and Border Protection confirmed Thursday that the agency would set up two temporary tent facilities in Texas to process migrants, each with a capacity to hold up to 500 people. Such camps have been criticized by Congress members for holding migrants too long and not providing adequate places to sleep or shower.

The president, whose statements and tweets suggest a rising level of frustration, recently cleaned house at the Department of Homeland Security, firing Secretary Kirstjen Nielsen and several other high-ranking staff. He has vowed to move in a “tougher direction.”

But a look at several significant Trump Administration ideas or policies shows the difficulty the president faces in trying to reverse the tide of migration, which today is largely driven by poverty, corruption, crime and other factors in Central America.

Some examples of administration proposals or policies that have run, or may run, into trouble:

DETAIN ASYLUM SEEKERS INDEFINITELY

U.S. Attorney General William Barr on Tuesday issued a ruling that allows asylum seekers who cross the border illegally to be held without bond as they challenge their deportation – a decision affecting perhaps tens of thousands of migrants. It was the latest move by top justice officials seeking to reshape legal precedent in the country’s U.S. immigration courts.

(See graphic here on such actions: https://tmsnrt.rs/2XmGDDg)

Rights groups have already threatened to sue over the measure – which goes into effect in 90 days – and as a practical matter, additional detention space would be needed, requiring funding from Congress. Until that happens, many migrants are likely to continue to be released with an order to appear in court.

SEND IMMIGRANTS TO SANCTUARY CITIES 

Earlier this month, Trump proposed sending “an unlimited supply” of immigrants who are fighting deportation to so-called sanctuaries – the hundreds of cities, counties and states where law enforcement limits its cooperation with Trump’s crackdown on immigrants living in the country illegally.

Immigration experts said it would be costly to transport migrants from the border and would require shifting funds from Border Patrol and other operations. In addition, the migrants would be free to move elsewhere once released.

CLOSE THE BORDER WITH MEXICO

The administration recently backed off a threat to shut the southern border, one of the busiest in the world, amid opposition from Democrats as well as often Republican-friendly business groups. The U.S. Chamber of Commerce, called the idea an “economic calamity.”

MAKE ASYLUM SEEKERS WAIT IN MEXICO

One of the boldest proposals by the Trump administration has been to tap a little used clause in immigration law to send hundreds of migrants who ask for asylum in the United States back to border towns in Mexico to wait months – or potentially years – for their cases to be resolved in U.S. courts.

Local Mexican officials say their towns are already overwhelmed with migrants who have nowhere to live and few job prospects, while immigration advocates say those who are stuck in Mexico often have trouble finding lawyers and receiving proper notice for their U.S. hearings. A federal judge ordered a halt to the policy but an appeals court said it could continue while the administration appeals.

DETAIN MIGRANT CHILDREN

The current wave of migrants includes many more families, as opposed to the single men who flocked north in the past. That has caused the administration to take another look at a 1997 agreement, known as the Flores settlement, that strictly limits detention of children.

The administration has said repeatedly that t wants to scrap the legal deal and propose new regulations. It is unclear where – and with what funding – the government would detain the youngsters. Legal challenges to this proposal have been in the works from the moment it was announced.

(Reporting by Tom Hals in Wilmington, Delaware; additional reporting by Yeganeh Torbati in Washington, D.C.; Editing by Mica Rosenberg and Julie Marquis)

Source: OANN

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Trump campaign says it raised over $1 million since Mueller report’s release

President Trump’s 2020 campaign announced Friday that it had raised more than $1 million since Special Counsel Robert Mueller’s Russia report was made public a day earlier.

“The biggest takeaway for the campaign was that President Trump -- once again -- was completely exonerated of the ludicrous Russia collusion allegations and was again found not to have obstructed the special counsel’s investigation,” Trump's campaign COO, Michael Glassner, said in a statement. “The two-year lie was put to bed once and for all. It was a great day for the campaign and Americans responded enthusiastically.”

TRUMP CAMPAIGN GOES ON POST-MUELLER ATTACK AGAINST 'OBAMA-ERA DOJ AND FBI,' WARNS 'JUSTICE WILL BE SERVED'

“The release of the full Mueller report directly led to the campaign raising more than $1 million,” he said. “Relative to our recent daily average, the Mueller news drove a 250 percent increase in fundraising from grassroots donors.”

The White House and the 2020 Trump campaign declared victory on Thursday after the report landed, pointing to its conclusion that investigators found no evidence of collusion and did not conclude that a crime was committed on the question of obstruction of justice.

However, it did contain a number of embarrassing details for the White House that were considered as part of the obstruction inquiry. It was apparently those details that led Trump to brand it the “Crazy Mueller Report” on Friday.

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Trump’s campaign used the lack of evidence of collusion to go on the attack against those in the FBI and DOJ they believe instigated the two-year probe in the first place, saying it was "time to turn the tables" in a campaign video. That language was repeated by Trump on Friday, who called the report a big, fat, waste of time, energy and money" in a tweet.

"It is now finally time to turn the tables and bring justice to some very sick and dangerous people who have committed very serious crimes, perhaps even Spying or Treason," he said. "This should never happen again!"

Fox News' Kristin Brown contributed to this report.

Source: Fox News Politics

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Senior White House adviser Jared Kushner said Tuesday that a detailed plan for a merit-based immigration system will be presented to President Trump, giving priority to skilled immigrants rather than those with family ties to the U.S.

“I do believe that the president’s position on immigration has been maybe defined by his opponents by what he’s against as opposed to what he’s for,” Kushner said at the Time 100 Summit in New York City. “What I’ve done is I’ve tried to put together a very detailed proposal for him.”

KUSHNER: RUSSIA INVESTIGATION HAD ‘HARSHER IMPACT’ ON US THAN ELECTION MEDDLING

Kushner announced that the new immigration proposal, which Trump will receive this week or next, will resemble the point-based systems in Canada, Australia and New Zealand, and will unify people by ensuring strong wages and secure borders while protecting humanitarian values.

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term,” he said. “And my hope is we can really do something that unifies people around what we’re for on immigration.”

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term. And my hope is we can really do something that unifies people around what we’re for on immigration.”

— Jared Kushner

JARED KUSHNER RESPONDS AFTER HASAN MINHAJ CALLS OUT HIS TIES TO SAUDI PRINCE

Kushner denied in the same talk that he has clashed with White House staffer Stephen Miller, who’s seen as tougher on immigration than others, adding that the plan was concocted with the help of Miller and Kevin Hassett, chairman of the Council of Economic Advisers.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison,” Kushner joked, referring to the Israel-Palestine peace plan he’s working on.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison.”

— Jared Kushner

After the plan gets presented to Trump, it will likely undergo some changes and then he will decide when to proceed with it, Kushner said.

CLICK HERE TO GET THE FOX NEWS APP

“It’s very, very complicated, but it’s a very interesting issue, and if we can solve it, I do think it’s a critical component for America’s long-term competitive advantage,” he added.

The Associated Press contributed to this report.

Source: Fox News Politics

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Brazilian President Jair Bolsonaro on Thursday said his government must make men aware of the dangers of poor hygiene after expressing dismay over the 1,000 penis amputations that apparently occur in his country each year.

“In Brazil, we have 1,000 penis amputations a year due to a lack of water and soap,” he said while speaking to reporters in Brasilia after visiting the Education Ministry. “We have to find a way to get out of the bottom of this hole.”

The far-right leader called the figure “ridiculous and sad,” Reuters reported. A spokeswoman for the Brazilian urology society told the news agency the number is based on its official data for penis amputations.

CLICK HERE TO GET THE FOX NEWS APP

The amputations were conducted out of necessity over untreated infections, along with complications from HIV and various cancers, she said.

Source: Fox News World

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A top Russian diplomat says Russia is willing to negotiate a new nuclear weapons treaty with the United States and China.

Deputy Foreign Minister Sergei Ryabkov told reporters on Friday Moscow is closely following reports in the United States that the U.S. would like to reach a nuclear weapons deal with both Russia and China, and is “willing” to negotiate. The story was reported by CNN earlier Friday.

Ryabkov also said that Russia “would like to convince” the U.S. to adopt a joint statement that would condemn any use of nuclear weapons.

Ryabkov’s comments come just months after the U.S. withdrew from the Intermediate-Range Nuclear Forces Treaty, a cornerstone of the post-Cold War security, and Russia followed suit. Each claims breaches by the other.

Source: Fox News National

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Government dysfunction and an intelligence failure that preceded the Easter Sunday bombings in Sri Lanka are traced to simmering divisions between the president and prime minister after a weekslong political crisis that crippled the country last year.

The government has admitted to a “lapse of intelligence” after officials failed to act upon near-specific information received from foreign agencies. Suicide bombers exploded themselves last Sunday in three churches and three luxury hotels, killing 253 people and wounding 400 more. Authorities said eight Muslim militants blew themselves up at their targets while the wife of one of the attackers blasted herself on being rounded up by police.

The carnage has brought forth arguments that worshippers and holidaymakers fell victim to the rivalry and a lack of communication between the country’s two leaders — President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

The Cabinet led by Wickremesinghe says neither he nor his ministers were informed of the intelligence received by the defense authorities. Sirisena is the head of state, defense minister, minister in charge of the police and head of the armed forces. He also chairs the National Security Council, which includes the heads of security agencies and departments. Traditionally the prime minister also plays an important role on the council.

According to Health Minister Rajitha Senaratne, Sirisena has not included Wickremesinghe in national security affairs since a dispute between them came into the open in October last year. This is an unusual departure from the protocol, he said.

Senaratne said that Sirisena was overseas when the attacks took place and even after that, the National Security Council refused to meet with Wickremesinghe as he tried to give them instructions.

Sirisena has also said that he was not informed of the intelligence received and vowed to overhaul the leadership of the defense forces.

The top bureaucrat at the Defense Ministry, Hemasiri Fernando, has resigned at Sirisena’s insistence.

“It is a major factor,” said Jehan Perera, the head of local activist group National Peace Council, referring to the alleged lack of coordination between the leaders contributing to the failure to prevent the attacks.

“The primary responsibility has to be taken by the president, he did not give the information and he did not act,” Perera said. “He had the Ministry of Defense, took the police from the prime minister, chaired the National Security Council meetings and did nothing,” Perera said.

Kusal Perera, a journalist and political commentator, says security and intelligence officials should have acted on the information whether or not they received orders from politicians.

“If they (Wickremesinghe and his party) were not invited to the National Security Council, why did not they say in Parliament that they were not responsible for the security of the country any longer,” said Perera, who is not related to Jehan Perera.

“Saying that now is taking political advantage, not taking responsibility,” he said.

Sirisena and Wickremesinghe belong to different political parties but came together for Sirisena’s presidential campaign in 2015. Their relationships broke down and their differences exploded last year when Sirisena suddenly sacked Wickremesinghe as prime minister and appointed in his place former strongman Mahinda Rajapaksa, whom he defeated in the presidential election. The crisis crippled the country for more than seven weeks to the point of not being able to pass this year’s national budget on time.

A court decision compelled Sirisena to reappoint Wickremesinghe, but the two leaders have been rivals within the same government.

Rajapaksa, who is the minority leader in Parliament, blames the government for weakening intelligence and dropping its guard, which he had maintained to defeat the separatist Tamil Tiger rebels 10 years ago to end the 26-year-old civil war. He also criticized the government for the detention of intelligence officers accused of extrajudicial killings and abductions during the closing days of the war, which he said crippled the security apparatus before the bombings. According to conservative U.N estimates, some 100,000 people were killed in Sri Lanka’s conflict.

Sirisena summoned an all-party conference Thursday to which Wickremesinghe was also invited. At the conference, Sirisena stressed “setting aside all the political beliefs and difference (so that) everybody should collectively commit towards building a peaceful environment within the country,” a statement from his office said.

“It is not a secret that the disagreements between me and the government aggravated over the past two years,” Sirisena told the country’s media executives Friday. “One of the reasons for that is weakening of military intelligence and arresting military officials unnecessarily and my speaking up against it within and outside the government.”

Jehan Perera said that the security threat could prove politically advantageous to Rajapaksa and his family, with a presidential election scheduled at the end of this year. Gotabhaya Rajapaksa, a younger brother of Mahinda, was the powerful defense secretary during his brother’s reign and has expressed his interest to join the contest.

“People are saying we want a stronger leader and they are talking about Gotabhaya. It (the blasts) has worked to their benefit,” Perera said.

Source: Fox News World

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Cyprus police are intensifying a search for the remains of more victims at locations where an army officer, who authorities say admitted to killing five women and two girls, allegedly had dumped their bodies.

Police said Friday’s search will concentrate on a military firing range, a reservoir and a man-made lake near an abandoned mine approximately 32 kilometers (20 miles) west of the capital Nicosia.

On Thursday, the 35-year-old suspect told investigators that he had killed four more people than he had previously admitted to. All the suspect’s alleged victims are foreign nationals.

Police have already found the bodies of a 38-year-old Filipino woman and two as yet unidentified women.

Search crews are now looking for the daughter of the 38-year-old, a Romanian mother and daughter and another Filipino woman.

Source: Fox News World

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