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Deutsche Telekom still confident T-Mobile-Sprint deal will go through

Logo of Deutsche Telekom AG is silhouetted atop of the headquarters of German telecommunications giant in Bonn
The logo of Deutsche Telekom AG is silhouetted against the sun and clouds atop of the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay

March 28, 2019

BONN, Germany (Reuters) – Deutsche Telekom is still confident of winning the approval of U.S. regulators for U.S. unit T-Mobile’s $26 billion deal to take over Sprint, CEO Tim Hoettges said on Thursday.

“I think this deal is good for America and that we, at the end of the day, will win approval for the transaction,” Hoettges told the German company’s annual general meeting.

Updating shareholders, Hoettges said the clock on a 180-day review of the deal was currently stopped with 58 days to go. The clock would be started again on April 4.

In other comments, Hoettges said he was confident that a turnaround at Deutsche Telekom’s troubled IT services arm T-Systems was on track.

Deutsche Telekom had no plans, meanwhile, to remove a minority stake in Britain’s BT from its pension fund, CFO Christian Illek told shareholders. Deutsche Telekom has said in the past that the 12 percent stake in BT is a passive holding.

(Reporting by Nadine Schimroszik; Writing by Douglas Busvine; Editing by Thomas Seythal)

Source: OANN

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Trump foe Avenatti to face embezzlement charge in Los Angeles court

FILE PHOTO: Lawyer Michael Avenatti walks out of federal court in New York
FILE PHOTO: Lawyer Michael Avenatti walks out of federal court in New York, New York, March 25, 2019. REUTERS/Carlo Allegri/File Photo

April 1, 2019

(Reuters) – Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, is set to appear in the U.S. District Court in Los Angeles on Monday to face embezzlement and fraud charges.

Avenatti also faces separate charges in New York in what prosecutors called a bid to “shake down” Nike Inc for more than $20 million.

Avenatti, 48, was arrested on March 25 after two separate indictments by federal courts in Los Angeles and New York that charged him with the Nike scheme as well as embezzlement and fraud over accusations he misused a client’s money.

Avenatti has repeatedly proclaimed his innocence of all charges.

In the Los Angeles case, prosecutors have accused Avenatti of misusing a client’s $1.6 million settlement to pay for his own expenses and also expenses related to his coffee business.

He is also accused of defrauding a Mississippi bank of $4.1 million in loans by submitting false tax returns inflating his income for 2011 to 2013.

In New York, prosecutors said Avenatti and a co-conspirator, whom they did not name, met Nike’s attorneys on March 19 and told them they represented a former college basketball coach with information about Nike’s involvement in a scheme to bribe high school basketball players.

They threatened to go public unless Nike hired Avenatti to conduct an internal investigation for $15 million to $25 million, and paid an additional $1.5 million to the client, according to prosecutors.

Avenatti also offered to accept a $22.5 million payment for his silence, prosecutors said.

Avenatti faces up to 30 years in prison on the most serious charge in California and up to 20 years for the top charge in New York.

(Reporting by Rich McKay in Atlanta; Editing by Clarence Fernandez)

Source: OANN

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Indonesia officials warn against post-election disorder

Indonesia's top security minister and its military and police chiefs say they will crack down decisively on any attempts to disrupt public order while official results from presidential and legislative elections are tabulated.

Preliminary results show President Joko Widodo has comfortably won a second term, but his challenger Prabowo Subianto is claiming victory, repeating his tactics following his 2014 loss to Widodo.

Security minister Wiranto, who uses a single name, held a press conference Thursday with police and military chiefs and said security forces will "act decisively" against any threats to order and security.

He said the voter turnout of 80.5% gives the winner of the presidential election "high legitimacy." The Election Commission is required to release official results by May 22.

Source: Fox News World

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European shares dip as mixed earnings trickle in, growth worries linger

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 24, 2019. REUTERS/Staff

April 25, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – Nokia stood out for the wrong reasons on Thursday as European shares edged lower following a mixed bag of earnings from the region and concerns for the euro zone economy resurfaced after a weak German sentiment survey a day earlier.

The Finnish telecom network equipment maker slid nearly 10 percent, its sharpest decline in 18 months, after it reported a surprise quarterly loss, citing hard competition in its core networks business.

The pan-European STOXX 600 index was 0.1 percent lower at 0920 GMT after an eight-session rally in the benchmark index stalled on Wednesday.

Nokia’s fall helped knock the tech index 0.9 percent lower following the previous day’s 4 percent surge.

Britain’s FTSE lagged, hurt in part by the country’s third-largest homebuilder Taylor Wimpey which warned its full-year margins would be slightly lower. That also dragged down its peers.

Sainsbury’s slipped 5 percent after Britain’s competition regulator blocked the retailer’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda.

“Equity markets are very much driven by the earnings season and as there are mixed numbers are coming in, investors are taking a little bit of cautious approach,” Naeem Aslam, chief market analyst at TF Global Markets (UK) Ltd in London.

German heavyweight Bayer rose after the drug and farming supplies company posted a 45 percent gain in quarterly core earnings on the back of seed maker Monsanto’s acquisition.

Semiconductor maker ASM soared 7.8 percent to the top of the regional index after beating first-quarter targets, while Germany’s Dialog Semiconductor rose more than 1 percent after forecasting higher than anticipated profits in the first quarter.

Investors sought safety in defensive healthcare and utilities stocks while cyclical sectors, which are more sensitive to economic growth, sold off. Mining and construction and materials fell more than 1 percent.

Germany’s benchmark 10-year government bond yield held below zero percent, a day after a disappointing German Ifo sentiment survey that exacerbated concerns about the euro zone’s economic outlook.

BANK EARNINGS AND M&A

The banking index shed 0.3 percent, weighed down by Barclays and Swedbank shares.

Britain’s Barclays slipped after reporting a 10 percent drop in quarterly profit, as its under-pressure investment bank struggled with tough markets.

Swedbank fell over 3 percent after posting an estimate-beating first-quarter profit as the Swedish lender admitted to previous shortcomings in combating money laundering.

“If the corporate earnings do show that balance sheets are strong not just because of corporate buybacks but also because of strong fundamentals, then we many see a very different picture, which will likely boost the equity markets as well,” Aslam said.

Switzerland’s biggest bank UBS advanced after its first-quarter results surpassed analyst expectations, a day after smaller rival Credit Suisse also posted strong results.

Focus also remained on the reported failed merger talks between Deutsche Bank and Commerzbank, a deal that has faced fierce opposition from the workforce, with unions fearing 30,000 job losses.

Deutsche shares rose 4.7 percent while those of Commerzbank slipped 2.5 percent.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Catherine Evans)

Source: OANN

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Notre Dame donating $100K to renovation of Paris cathedral

The president of the University of Notre Dame says the school will donate $100,000 toward the renovation of Paris' Notre Dame Cathedral following a devastating fire.

The Rev. John Jenkins announced the donation Tuesday, a day after the fire destroyed the cathedral's spire and roof.

Jenkins says the bells of the Basilica of the Sacred Heart on the university's campus in South Bend, Indiana, will toll 50 times Tuesday evening to represent the 50 Hail Marys of the rosary and to mark the start of the cathedral's rebuilding.

Jenkins says the cathedral's "exquisite Gothic architecture has for centuries raised hearts and minds to God. We join in prayer with the faithful of the cathedral and all of France as they begin the work of rebuilding."

Source: Fox News National

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New power outage leaves much of Venezuela in the dark

Much of Venezuela remains without electricity as a new power outage spread across the country in what many fear will be a repeat of the chaos almost two weeks ago during the nation's largest-ever blackout.

The outage began around midday Monday and appeared to have affected most of Venezuela's 23 states. While the lights did flicker back after officials declared service would be restored within hours in the late evening the power went out again in much of the country.

As with the previous outage, the government of President Nicolas Maduro blamed U.S.-backed opponents, accusing them of sabotaging the Guri dam, which supplies the bulk of Venezuela's electricity. Opposition leader Juan Guaido said the outage lays bare the socialist government's incompetence and promised actions to end Maduro's rule.

Source: Fox News World

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Trump lawyers reviewed Mueller report for 10 hours before it was made public

FILE PHOTO: U.S. President Donald Trump's lead attorneys Jay Sekulow and Rudy Giuliani react after the Special Counsel summary was released in Washington
FILE PHOTO: U.S. President Donald Trump's lead attorneys Jay Sekulow and Rudy Giuliani react after Attorney General William Barr sent lawmakers a summary of the key findings in Special Counsel Robert Mueller's Russia investigation, at an office in Washington, U.S., March 24, 2019. Picture taken March 24, 2019. Courtesy of Peter Halmagyi/Handout via REUTERS.

April 19, 2019

By Karen Freifeld

WASHINGTON (Reuters) – U.S. President Donald Trump’s personal lawyers spent at least 10 hours reviewing Special Counsel Robert Mueller’s report on Russian meddling in the 2016 election before it was made public, two of the lawyers told Reuters on Friday.

Rudy Giuliani, Jay Sekulow and two other Trump lawyers went to the U.S. Justice Department on Tuesday and Wednesday for an early look at the 448-page report into whether Trump’s team colluded with Russia and whether Trump obstructed the investigation, which was released to the public on Thursday.

Attorney General William Barr, who has drawn criticism from Democratic lawmakers over his handling of the Mueller probe, said on Thursday that both White House counsel and Trump’s personal lawyers had been allowed to review the redacted report.

Barr gave no details about how much access they were given but Sekulow and Giuliani said they reviewed copies of the report from about 4 p.m. until at least 9 p.m. on Tuesday and from 10:30 a.m. until 3:30 p.m. on Wednesday, taking notes on legal pads.

The lawyers said they gave up their cellphones and other electronic devices before being led into a Justice Department conference room in a restricted area known as a Sensitive Compartmented Information Facility (SCIF), designed to ensure secret information stays secure.

“We were doing a lot of reading, not talking,” Sekulow told Reuters, referring to himself, Giuliani, and Jane and Marty Raskin.

“I had at least 30 pages of notes,” said Giuliani.

Sekulow pushed back against Democrats’ complaints that Barr had tried to help Trump by giving his lawyers an early look at the report.

“Our client was the subject of an inquiry,” Sekulow said, explaining that the team of lawyers sent a note to the Justice Department last week asking to see the report. “We believed it was an appropriate request to make.”

The disclosure followed news reports this week that Justice Department officials discussed Mueller’s conclusions with White House lawyers before the release.

Giuliani said the preview reassured them that the report did not contain any bombshells.

“It gave us some confidence the people who hate him will hate him, the people who love him will love him, and the people in between were not going to be persuaded,” he said.

After the first session, the lawyers went back to Sekulow’s Capitol Hill offices, ordered in Chinese food and created an outline of their own about the most important details in the report, they said.

On Wednesday night, they went out for Mexican food. And on Thursday night, after the report’s release, they celebrated at the Trump International Hotel in Washington.

Although Mueller’s team described in detail the extensive contact Trump’s team had with Russia during the election campaign and how Trump tried to impede the investigation, it stopped short of concluding he had committed a crime or that his aides had conspired with Moscow.

The team of personal lawyers was happy with the result. “No collusion and no obstruction,” Sekulow said, using a phrase often repeated by Trump.

(Reporting by Karen Freifeld; Editing by Kieran Murray and Bill Rigby)

Source: OANN

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FILE PHOTO: The Huawei logo is pictured outside its Huawei's factory campus in Dongguan, Guangdong province
FILE PHOTO: The Huawei logo is pictured outside its Huawei’s factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Ben Blanchard

BEIJING (Reuters) – Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.

News that Britain’s National Security Council, attended by senior ministers and spy chiefs, had agreed on Tuesday to bar Huawei from all core parts of the country’s 5G network and restrict its access to non-core elements was leaked to a national newspaper.

The leak of secret discussions has sparked anger in parliament and amongst Britain’s intelligence community. Britain’s most senior civil servant Mark Sedwill has launched an inquiry and written to ministers who were at the meeting.

“My understanding from London (is) that an investigation has been announced into apparent leaks from the NSC meeting earlier this week,” said Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing.

“To my knowledge there has never been a leak from a National Security Council meeting before and therefore I think it is very important that we get to the bottom of what happened here,” he told Reuters in a pooled interview.

British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation. The majority of the ministers at the NSC meeting have said they were not involved, according to media reports.

Hammond said he was unaware of any previous leak from a meeting of the NSC.

“It’s not about the substance of what was apparently leaked. It’s not earth-shattering information. But it is important that we protect the principle that nothing that goes on in national security council meetings must ever be repeated outside the room.”

Allowing Huawei a reduced role in building its 5G network puts Britain at odds with the United States which has told allies not to use its technology at all because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

There have been concerns that the NSC’s conclusion, which sources confirmed to Reuters, could upset other allies in the world’s leading intelligence-sharing network – the Five Eyes alliance of the United States, Britain, Australia, Canada and New Zealand.

However, British ministers and intelligence officials have said any final decision on 5G would not put critical national infrastructure at risk. Ciaran Martin, head of the cyber center of Britain’s main eavesdropping agency, GCHQ, played down any threat of a rift in the Five Eyes alliance.

(Writing by Michael Holden; Editing by Mark Heinrich)

Source: OANN

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Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon
Park Yoo-chun, a K-pop idol singer, arrives at the Suwon district court in Suwon, South Korea, April 26, 2019. REUTERS/Kim Hong-Ji

April 26, 2019

SEOUL (Reuters) – K-pop and drama star Park Yu-chun was arrested on Friday on charges of buying and using illegal drugs, a court said, the latest in a series of scandals to hit the South Korean entertainment business.

Suwon District Court approved the arrest warrant for Park, 32, due to concerns over possible destruction of evidence and flight risk, a court spokesman told Reuters.

Park is suspected of having bought about 1.5 grams of methamphetamine with his former girlfriend earlier this year and using the drug around five times, an official at the Gyeonggi Nambu Provincial Police Agency said.

Park has denied wrongdoing, saying he had never taken drugs, and he again denied the charges in court, Yonhap news agency said.

Park’s contract with his management agency had been canceled and he would leave the entertainment industry, Park’s management agency, C-JeS Entertainment, said on Wednesday.

Park was a member of boyband TVXQ between 2003 and 2009 before leaving the group with two other members, forming the group JYJ.

A scandal involving sex tapes, prostitutes and secret chat about rape led at least four other K-pop stars to quit the industry earlier this year.

The cases sparked a nationwide drugs bust and investigations into tax evasion and police collusion at night clubs and other nightlife spots.

(Reporting by Joyce Lee; Additional reporting by Heekyong Yang; Editing by Nick Macfie)

Source: OANN

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight taxis after landing at Reagan National Airport in Washington
FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles taxis after landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States over safety issues in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo

April 26, 2019

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes after cancelling 1,200 flights in the first quarter.

The company said it now expects its 2019 adjusted profit to be between $4.00 per share and $6.00 per share.

Analysts on average had expected 2019 earnings of $5.63 per share, according to Refinitiv data.

The No. 1 U.S. airline by passenger traffic said net income rose to $185 million, or 41 cents per share, in the first quarter ended March 31, from $159 million, or 34 cents per share, a year earlier.

Total operating revenue rose 2 percent to $10.58 billion.

(Reporting by Sanjana Shivdas in Bengaluru)

Source: OANN

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2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa
2020 Democratic presidential candidate Pete Buttigieg speaks at a campaign event in Des Moines, Iowa, U.S., April 16, 2019. REUTERS/Elijah Nouvelage

April 26, 2019

By James Oliphant

MARSHALLTOWN, Iowa (Reuters) – Four years ago, Donald Trump campaigned in small towns like Marshalltown, Iowa, vowing to restore economic prosperity to the U.S. heartland.

In his bid to replace Trump in the White House, Pete Buttigieg is taking a similar tack. The difference, he says, is that he can point to a model of success: South Bend, Indiana, the revitalized city where he has been mayor since 2012.

The Democratic presidential contender has vaulted to the congested field’s top tier in recent weeks, drawing media and donor attention for his youth, history-making status as the first openly gay major presidential candidate and a resume that includes military service in Afghanistan.

But Buttigieg’s main argument for his candidacy is that he is a turnaround artist in the mold of Trump, although the Democrat does not expressly invoke the comparison with the Republican president.

“I’m not going around saying we’ve fixed every problem we’ve got,” Buttigieg, 37, said after a house party with voters in Marshalltown. “But I’m proud of what we have done together, and I think it’s a very powerful story.”

Critics argue improving the fortunes of a Midwestern city of 100,000 people does not qualify Buttigieg, who has never held national office, for the presidency of a country of 330 million. Others say South Bend still has pockets of despair and that minorities, in particular, have failed to benefit from its growth.

Buttigieg has told crowds in Iowa and elsewhere that his experience in reviving a struggling Rust Belt community allows him to make a case to voters that other Democratic candidates cannot. That may give him the means to win back some of the disaffected Democratic voters who turned their backs on Hillary Clinton in 2016 to vote for Trump.

Watching Buttigieg at a union hall in Des Moines last week, Rick Ryan, 45, a member of the United Steelworkers, lamented how many of his fellow union workers voted for Trump. The president turned in the best performance by a Republican among union households since Ronald Reagan in 1984.

Ryan said he hoped someone like Buttigieg could return them to the Democratic fold.

“He’s aware of the decline in the labor force in America, not just in Indiana or Des Moines or anywhere else,” Ryan said. “Jobs are going overseas. We need a find to way to bring that back.”

Randy Tucker, 56, of Pleasant Hill, Iowa, a member of the International Brotherhood of Electrical Workers, said Trump appealed to union members “desperate for somebody to reach out to them, to help them, to listen to their voice.”

Buttigieg could do the same, he said. “In my heart right now, he’s No. 1.”

PAST VS. FUTURE

Buttigieg stresses a key difference in his and Trump’s approaches.

Trump, he tells crowds, is mired in the past, promising to rebuild the 20th century industrial economy. Buttigieg argues the pledge is misleading and unrealistic.

Buttigieg says his focus is on the future, and he often talks about what the country might look like decades from now.

“The only way that we can cultivate what makes America great is to look to the future and not be afraid of it,” Buttigieg said in Marshalltown.

Buttigieg knows his sexual preference may be a barrier to winning some blue-collar voters. But he notes that after he came out as gay in 2015, he won a second term as mayor with 80 percent of the vote in conservative Indiana.

Earlier this month, he announced his presidential bid at the hulking plant in South Bend that stopped making Studebaker autos more than 50 years ago. After lying dormant for decades, the building is being transformed into a high-tech hub after Buttigieg and other city leaders realized it would never again attract a large-scale industrial company.

“That building sat as a powerful reminder. We hoped we would get back that major employer that would fix our economy,” said Jeff Rea, president of the regional Chamber of Commerce.

Buttigieg is praised locally for spurring more than $100 million in downtown investment. During his two terms, unemployment has fallen to 4.1 percent from 11.8 percent.

But a study released in 2017 by the nonprofit group Prosperity Now said not all of the city’s residents had shared in its rebound. The median income for African-Americans remained half that of whites, while the unemployment rate for blacks was double.

Regina Williams-Preston, a city councilor running to replace Buttigieg as mayor, credits him for the revitalized downtown. But she said he had a “blind spot” when it came to focusing on troubled neighborhoods like the one she represents and only grew more engaged after community pressure.

“He understands it now,” she said. “The next step is figuring out how to open the doors of opportunity for everyone.”

‘ONE OF US’

Trump touts the fact that the United States added almost 300,000 manufacturing jobs last year as evidence he made good on his promise to restore the industrial sector. But that growth still left the country with fewer manufacturing jobs than in 2008.

The robust U.S. economy is likely the president’s greatest asset in his re-election bid, particularly in states he carried in 2016 such as Iowa, Wisconsin, Michigan and Pennsylvania. He won Buttigieg’s home state by 19 points over Clinton in 2016.

Sean Bagniewski, chairman of the Democratic Party in Polk County, Iowa, said Buttigieg would be well positioned to compete with Trump in the Midwest.

“People love the fact that he’s a mayor,” said Bagniewski, who has not endorsed a candidate in the nominating contest. “If you can talk about a positive future, and if you actually have experience that can do it, that’s a compelling vision in Iowa.”

Nan Whaley, the mayor of Dayton, Ohio, which faces many of the same challenges as South Bend, agreed.

“He’s one of us,” Whaley said. “That helps.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Peter Cooney)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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