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Suspect in New Zealand massacre to face more charges in court on Friday

People visit a memorial site for victims of Friday's shooting, in front of Christchurch Botanic Gardens in Christchurch
People visit a memorial site for victims of the shooting, in front of Christchurch Botanic Gardens in Christchurch, New Zealand March 19, 2019. REUTERS/Jorge Silva

April 4, 2019

By Praveen Menon

CHRISTCHURCH (Reuters) – Australian Brenton Tarrant will appear in court in New Zealand on Friday, where the suspected white supremacist faces more charges after his arrest for mass shootings at two mosques last month that killed 50 worshippers and wounded dozens.

In an attack broadcast live on Facebook, a lone gunman armed with semi-automatic weapons targeted Muslims attending Friday prayers in Christchurch on March 15.

Tarrant has been moved to New Zealand’s only maximum security prison in Auckland and will appear at the Christchurch High Court through a video link at 1000 a.m. (2100 GMT).

Tarrant, 28, was charged with one murder the day after the attack and remanded without a plea. Police said they would bring 49 more murder charges and 39 attempted murder charges against Tarrant when he appears in court.

Prison officials say Tarrant is under 24-hour surveillance with no access to media, according to news reports.

Friday’s appearance will largely be procedural and Tarrant will not be required to enter a plea, a High Court judge said in court minutes this week.

Tarrant declined a court appointed lawyer and media said he wants to represent himself.

Legal experts have said Tarrant may try to use the hearings as a platform to present his ideology and beliefs.

Although journalists may attend and take notes, media coverage will be restricted. Judge Cameron Mander said media could only publish pixellated images of Tarrant that obscure his face.

‘ALL HUMANS’

The massacre, which Prime Minister Jacinda Ardern labeled terrorism, was New Zealand’s worst peacetime mass killing.

Dozens of representatives from around the world joined a national memorial service last week attended by Ardern and tens of thousands of New Zealanders.

Muslims worldwide have praised New Zealand’s response to the massacre, with many singling out Ardern’s gesture of wearing a headscarf to meet victim’s families and urging the country to unite with the call, “We are one.”

Thousands of visitors to the reopened Al Noor mosque, where 42 people were killed, have offered condolences and sought to learn more about Islam, said Israfil Hossain, who recites the daily call to prayer there.

“They are coming from far just to say sorry…although they never did anything to us,” said Hossain, 26.

On Thursday, a group of Carmelite nuns stood for the first time inside a mosque, holding back tears as they talked with worshippers about the two faiths.

“Everybody has their own problems and they have their own ideas about religions, and that’s fine, and we should all have that, we’re all different,” said one nun, Sister Dorothea.

“But we’re all humans and that’s the most important thing, our humanity.”

(Reporting by Praveen Menon; editing by Darren Schuettler)

Source: OANN

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Man who allegedly hid out in ex’s attic faces charges

A man who had allegedly been hiding out in the attic of his ex-girlfriend's Pittsburgh home is facing burglary charges.

Authorities say the woman found 31-year-old Cary Cocuzzi in her bedroom Saturday. They say she had a protection from abuse order against him.

Cocuzzi allegedly grabbed the woman and put a hand over her mouth. But she pushed him away and ran outside screaming, spurring several neighbors to call 911.

Police searched the house and found Cocuzzi hiding. They say he told officers he was homeless and had been sneaking in and out of the house for about two weeks.

The woman told authorities she had noticed odd details around her home, such as finding a blanket on the floor where she had not left it.

It's not known if Cocuzzi has retained an attorney.

Source: Fox News National

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Trump policies unite allies against him at European security forum

Munich Security Conference in Munich
Former U.S. Vice President Joe Biden is seen during the annual Munich Security Conference in Munich, Germany February 16, 2019. REUTERS/Andreas Gebert

February 18, 2019

By Robin Emmott and John Irish

MUNICH (Reuters) – In 2009, then U.S. Vice President Joe Biden came to Munich to “press the reset button” with Russia. A decade later he came again to offer the world better relations, this time with his own country.

Promising that “America will be back” once Donald Trump leaves office, Biden won a standing ovation at the Munich Security Conference from delegates who find the president’s brusque foreign policy stance hard to like.

But their elation also exposed the weakened state of Western diplomacy in the face of Trump’s assertiveness, according to European diplomats and politicians who were present.

Biden’s successor, Mike Pence, was met with silence at a reception in the palatial Bavarian parliament on Friday evening after he delivered his signature line: “I bring you greetings from the 45th president of the United States, President Donald Trump.”

His four-day trip to Europe succeeded only in deepening divisions with traditional allies over questions such as Iran and Venezuela and offered little hope in how to deal with threats ranging from nuclear arms to climate change, diplomats and officials said.

Misgivings about Washington’s role in the world are being felt by ordinary people as well as foreign policy specialists. In Germany and France, half the population see U.S. power as a threat, up sharply from 2013 and a view shared by 37 percent of Britons, the Washington-based Pew Research Center said in a report before the Munich foreign policy gathering.

Asked about European anxiety over Trump’s leadership style, a senior U.S. official on Pence’s Air Force Two plane said the vice president’s Munich conference speech on Saturday at the Hotel Bayerischer Hof would “help give them a different perspective”.

“TIT-FOR-TAT”

But if the Europeans did not like the “America First” message, there was no concerted response to it. German Chancellor Angela Merkel was on her own after a last-minute cancellation by French President Emmanuel Macron.

That caused some to lament the failure of the West to uphold the rules-based international order that Washington itself championed in the 70 years that preceded the arrival of Trump in the White House.

“The tit-for-tat logic is unfortunately prevailing … I think that takes us back to the question of enlightened leadership,” said Thomas Greminger, secretary general of the Organization for Security and Co-operation in Europe, a security and human rights watchdog.

“We need leaders again who do not believe exclusively in short-termism,” he told Reuters.

It fell to China to aid Merkel in her defense of the post-World War Two order, as the country’s top diplomat, Yang Jiechi, spoke in flawless English for over 20 minutes about the virtues of open trade and global cooperation.

Pence’s message was, in fact, that the pillars of U.S. foreign policy were being rebuilt on a different foundation: isolating Iran, containing China, bringing American troops home and requiring European powers to fall into line.

BROKEN NARRATIVE?

After using a speech in Warsaw on Thursday to accuse Britain, France and Germany of trying to undermine U.S. sanctions on Iran, Pence called in Munich for the European Union to recognize Venezuelan congressional leader Juan Guaido as president over Nicolas Maduro, whom he called a dictator.

That drew an angry response from Spain’s Foreign Minister Josep Borrell, who said the European Union could acknowledge Guaido as interim president until new elections, in line with the Venezuelan constitution.

French foreign minister Jean-Yves LeDrian said he was mystified by U.S. policy on Syria after Trump’s decision to withdraw troops because it would only benefit Iran, which Washington wants to be tough on.

European diplomats and officials also took issue with Pence’s insistence that EU governments stay away from Chinese telecoms companies as they build the latest generation of mobile networks, preferring first to have an internal discussion about the potential risks and U.S. claims of Chinese espionage.

“U.S. pressure has a tendency to make us do the opposite. U.S. pressure is counterproductive. It’s best that they don’t try and pressure us,” a senior French diplomat said.

Whatever the threats, officials seemed to be mainly talking past each other.

Kumi Naidoo, global head of Amnesty International, said security was often defined too narrowly, failing to address the wider dangers of climate change.

“The narrative here at the Munich Security Conference is broken. They are talking about the right topics but in the wrong language. The mentality here is that security is only a national issue,” Naidoo told Reuters.

Leaving for Washington, Pence was unfazed, telling reporters his trip had been very successful. “We’re advancing the interests of the free world, and we’ve made great progress.” 

(Additional reporting by Paul Carrel and Andreas Rinke; Writing by Robin Emmott; Editing by Giles Elgood)

Source: OANN

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WH's Sanders: Pelosi 'Sees What Rest of Us See' on Impeachment

White House press secretary Sarah Sanders said she is happy House Speaker Nancy Pelosi, D-Calif., "sees what the rest of us see" when it comes to the possibility of impeaching President Donald Trump, and said other Democrats should "get on board" with her.

"I think it's time for other Democrats in Nancy Pelosi's party to get on board, start doing what they were elected to do, do their jobs and quit trying to focus so much on making excuses for the historic loss that they suffered in 2016," Sanders told Fox News'"Outnumbered" anchor Harris Faulkner. "Let's work with the president and solve some real problems."

The Washington Post reported Monday that Pelosi does not think House Democrats should seek impeachment proceedings against Trump because the matter is divisive, and "he's just not worth it."

However, Pelosi also commented she does not think Trump is "fit to be president."

Sanders argued Tuesday that Americans are not interested in seeing Trump be impeached.

"Nobody wants to see President Trump impeached other than Democrats in Congress who are failing, who have no other message, and that's because our country is doing better," Sanders said. "And they know that's hard for them to run against in 2020, and I think they've got a very, very hard uphill battle ahead of them."

Sanders also defended Trump's national emergency declaration for the border, saying he has a "constitutional duty" to protect the United States.

Source: NewsMax Politics

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Not just Brexit: EU frets next crisis may come from money managers, clearing

FILE PHOTO: Rain clouds pass over Canary Wharf financial financial district in London
FILE PHOTO: Rain clouds pass over Canary Wharf financial financial district in London, Britain July 1, 2016. REUTERS/Reinhard Krause/File Photo

April 3, 2019

By Francesco Guarascio

BRUSSELS (Reuters) – While Brexit and trade disputes dominate financial headlines, European Union officials are warning about another risk faced by the bloc and the global economy: the growing importance of new, little-regulated systemic financial actors.

Changes in global financial rules and investment strategies have seen the emergence of new giants in global financial markets in recent years, among them clearing houses like London-based LCH and asset managers such as Blackrock.

EU officials warn the swelling of their books has not coincided with a proportionate tightening of their oversight, however, meaning the potential risks they pose to financial stability are growing.

In three confidential EU documents, seen by Reuters, the EU sends hints at new regulations to reduce those risks.

A paper prepared by the Romanian presidency of the EU ahead of an April 5-6 finance ministers meeting invites officials to consider actions to counter challenges to financial stability posed by the asset management industry and clearing houses.

Those dangers are further spelled out in a document by the European Systemic Risk Board (ESRB), the body dedicated to protecting the EU’s financial stability which is chaired by European Central Bank President Mario Draghi.

The confidential paper, which will be presented to euro zone finance ministers at the Bucharest meeting, draws up a list of risks to financial stability which include the shadow banking system — another name for asset managers and investment funds.

The threat-list is topped by trade and Brexit dangers, and also mentions challenges to bank funding and debt sustainability risks.

The main reasons for concern over the shadow banking sector are its increasing size and complexity, the high leverage of some funds, lack of risk monitoring and poor transparency.

Blackrock, the biggest of all funds, manages some $6 trillion of assets, making some giant banks look tiny in comparison. Despite that, it faces lighter requirements and less stringent oversight than lenders.

EU finance ministers will raise this issue at the G20 level in a meeting with their counterparts in Washington on April 11-12, where they will urge partners to address, if necessary, “emerging financial vulnerabilities” springing from the sector.

CLEARING

Clearing houses cause similar headaches after their systemic relevance grew with new regulations that require more transactions to be centrally cleared, rather than being conducted bilaterally.

After the last financial crisis a decade ago, banks in Europe were forced to contribute to a new rescue fund and raise fresh buffers that would be used in case they fail, under the oversight of a new body, the Single Resolution Board (SRB), created with the task of disposing of failing lenders.

But this “resolution mechanism” does not cover clearing houses, like the giant LCH, a unit of the London Stock Exchange, which dominates clearing of euro-denominated derivatives worth trillions.

With Brexit looming, the EU has changed its rules in a way that could force LCH to relocate to the bloc after Britain leaves. That is likely to boost the EU’s powers of supervision over systemic clearing houses, but not its ability to limit damage in the event they go bust.

Clearing risks extend to large investment banks, like JPMorgan and Goldman Sachs which process huge amounts of securities transactions, the SRB’s head Elke Koenig said at a hearing in the European Parliament on Tuesday.

“We have not made the progress we should have made on the recovery and resolution” of clearing houses, Koenig told EU lawmakers, stressing the issue should be primarily addressed at global level.

These firms have been turned into “focal points” of the financial system, making them so systemic that their failure would cause serious trouble, she said, adding that the EU was barely prepared for such an event.

(Reporting by Francesco Guarascio; Editing by Catherine Evans)

Source: OANN

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VIDEO: Children dropped over border barrier to distract agents from illegal crossers

Savvy smugglers in Mexico are using young children as decoys to distract U.S. Customs and Border Protection agents and move people and drugs into the country, a serious problem illustrated in a video posted to Twitter on Monday.

The video, posted by CBP San Diego, shows exactly how it’s done, and why a bigger, better barrier could make a big difference.

“Last night, a human smuggler dropped two young Salvadoran girls, 6 and 9, from the aging border barrier behind concertina wire,” the post read. “As agents vacated their patrol positions in response, 10 people crossed illegally nearby. They eluded capture.”

It’s a fairly simple operation. The smuggler is seen dropping the two girls from the Mexico side of the fence into the U.S., then walking back to his car on the nearby road and simply driving away.

The incident appeared to have occurred at dusk, and CBP agents immediately respond to offer medical attention, pick up the girls and transport them to a nearby station for processing.

Minutes later, video shows 10 people scurrying across the border into the night.


Mike Adams encourages patriots and liberty loving Americans to stand up and be the change they wish to see in President Trump. This country was founded by and for our citizens, so we must remind ourselves, we the people are the ones who must take ownership of America’s destiny through our individual actions.

For many who watched the video, the message seemed obvious: “San Diego needs a bigger & better WALL!” Firefly posted.

“And the Dems don’t think there is a problem at the border,” Jack Stovall added. “Apparently the Dems idea of a problem differs greatly from what normal people think.”

The incident over the weekend isn’t the first time CBP San Diego posted about ways an improved border wall could drastically reduce illegal immigration.

“Aging border barriers in East County #SanDiego were dismantled and driven through twice this month,” agents posted on Feb. 17. “Last Thursday, agents operating near #Campo, CA discovered tire tracks heading north from the border fence. After a search, agents located an abandoned truck and 24 illegal aliens.”

“This morning, another truck concealing 22 illegal aliens breached the aging border barrier in east #SanDiego. When #USBP agents responded, the driver rammed a USBP vehicle in an attempt to flee,” according to a Feb. 21 post. “The driver then exited on foot and escaped south. All 22 passengers were arrested. #CBP”

The posts were accompanied by photos of the flimsy barrier toppled over to allow the vehicles through.

Other CBP San Diego Twitter posts feature videos of agents testifying to the effectiveness of improved border barriers and explaining how they cut down on drive-throughs that were once far more common.

“The wall that’s behind me that’s currently under construction buys my agents a significant amount of time,” CBP Chief Rodney Scott said in one video. “Vehicle used to be able to turn off this freeway right into the United States. Here’s an example of one I seized early in my career with over 1,500 pounds of marijuana.

“This infrastructure buys us time so we can leverage the technology in other areas, or even in this area. … We have to be able to win the time-distance game. We have to be able to slow people down with barriers.”

President Donald Trump plans to use about $8 billion from the country’s military and defense budgets to fund ongoing construction of his signature campaign promise, and he’s seeking another $8.6 billion in new funding in his 2020 budget.

Democrats, meanwhile, have vowed to fight against funding a wall, with many calling for the elimination of Immigration and Customs Enforcement entirely.

Trump’s border wall plans are based off a 2017 U.S. Customs and Border Protection request for 722 miles of new or improved barriers along the border. So far, about 111 miles have gone up or are currently under construction, according to Reuters.

Source: InfoWars

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Legal Experts: Hacking Charge Undercuts Any ‘Free Speech’ Defense for Assange

WikiLeaks founder Julian Assange has portrayed himself as a champion of a free press, but the U.S. Department of Justice's decision to charge him with conspiring to hack government computers limits his ability to mount a vigorous free speech defense, some legal experts said.

The charge unsealed in federal court in Alexandria, Virginia on Thursday said that in 2010 Assange agreed to help Chelsea Manning, a former U.S. Army intelligence analyst then known as Bradley Manning, crack a password to a U.S. government network.

At the time, Manning had already given WikiLeaks classified information about U.S. war activities in both Afghanistan and Iraq, as well as Guantanamo Bay detainees, prosecutors said. The scheme would have allowed Manning to log in to the network anonymously and avoid detection, the indictment said.

Robert Chesney, a professor of national security law at the University of Texas, said that the case did not implicate free speech rights because it turned on the idea that Assange tried to hack a password.

"The charge is extremely narrow and that's by design," said Chesney.

U.S. prosecutors could still add charges against Assange, legal experts said.

The indictment, which was made secretly last year and released on Thursday, does not charge Assange for publishing classified material. WikiLeaks released the classified war information on its website in 2010 and 2011.

There is no mention in the indictment of WikiLeaks' publication of emails damaging to 2016 Democratic presidential candidate Hillary Clinton that U.S. intelligence agencies have said were stolen by Russia in a bid to boost Republican Donald Trump's candidacy.

British police carried Assange out of Ecuador's embassy in London on Thursday after his seven-year asylum there was revoked. The U.S. Department of Justice said Assange, 47, was arrested under an extradition treaty between the United States and Britain.

Barry Pollack, a lawyer for Assange, suggested in a statement that the indictment could chill press freedom, saying journalists should be "deeply troubled" by the "unprecedented" charges.

"While the indictment against Julian Assange disclosed today charges a conspiracy to commit computer crimes, the factual allegations against Mr. Assange boil down to encouraging a source to provide him information and taking efforts to protect the identity of that source," Pollack said.

Assange has long said WikiLeaks is a journalistic endeavor protected by freedom of the press laws. In 2017, a U.K. tribunal recognized WikiLeaks as a "media organization."

The Justice Department debated for years whether prosecuting Assange and WikiLeaks would encroach on First Amendment protections, according to former officials.

The department under President Barack Obama made a conscious decision not to bring charges against Assange on the grounds that WikiLeaks' activities were too similar to what conventional journalists do, the former officials said.

The charge against Assange of conspiracy to commit computer intrusion minimized concerns that freedom of the press would be undermined and made it more difficult for him to argue that his free speech rights were at stake, some legal experts said.

"A lot of the broader legal and policy implications have been alleviated by how narrowly tailored this indictment is," said Bradley Moss, a national security lawyer in Washington who represents whistleblowers and journalists.

Free speech advocates had worried that Assange would be prosecuted for publishing classified information he obtained from Manning in violation of the Espionage Act.

It is not unusual for journalists to publish classified material they obtain from sources and such a prosecution against Assange would have raised concerns that reporters could face similar charges, according to Steve Vladeck, a professor of national security law at the University of Texas.

Assange is likely to argue that the conspiracy charge was a pretext and the government really is prosecuting him for the publication of classified documents, lawyers not involved in the case said.

David Miller, a former federal prosecutor in New York and Virginia, said Assange's defense would likely face "an uphill battle" assuming the government's proof of communications and contacts with Manning is strong.

Prosecutors will emphasize that cracking a password is far outside the realm of what respectable journalists do, Chesney at the University of Texas said.

"All of this turns on the idea that Assange tries to hack a password," Chesney said. "That's not journalism, that's theft."

Manning was convicted by court martial in 2013 of espionage and other offenses for furnishing more than 700,000 documents, videos, diplomatic cables and battlefield accounts to WikiLeaks. Obama, in his last days in office, commuted the final 28 years of Manning’s 35-year sentence.

Source: NewsMax America

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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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 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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