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Hyundai Motor first-quarter net profit up 24 percent; beats forecast

FILE PHOTO: A Hyundai Motor's booth is seen near the Pyeongchang Olympic Plaza in Pyeongchang
FILE PHOTO: A Hyundai Motor's booth is seen near the Pyeongchang Olympic Plaza in Pyeongchang, South Korea, February 11, 2018. REUTERS/Kim Hong-Ji/File Photo

April 24, 2019

SEOUL (Reuters) – South Korea’s Hyundai Motor <005380.KS> posted a 24 percent rise in net profit for the January-to-March quarter on improving sales at home and the United States, although weak business in China reined in the pace of growth.

Hyundai Motor posted a first-quarter net profit of 829 billion won ($721.81 million), versus 668 billion won a year earlier. This was above an average estimate of 758 billion profit from 15 analysts, according to I/B/E/S Refinitiv data.

Its operating profit rose 21 percent to 825 billion won, while its revenue was up 7 percent to 23.99 trillion won.

(Reporting by Hyunjoo Jin; Editing by Himani Sarkar and Christopher Cushing)

Source: OANN

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Italy court suspends fines to Ryanair, Wizz Air over hand luggage policies

FILE PHOTO: A Ryanair aircraft lands at the airport in Modlin near Warsaw, Poland
FILE PHOTO: A Ryanair aircraft lands at the airport in Modlin near Warsaw, Poland November 15, 2018. REUTERS/Kacper Pempel/File Photo

March 28, 2019

ROME (Reuters) – An Italian administrative court said on Thursday it had suspended fines imposed on Ryanair and Wizz Air by the country’s competition watchdog over the two carriers’ hand luggage policies.

Last February, the regulator had fined Ryanair 3 million euros and Wizz Air 1 million euros for misleading consumers with new rules under which only very small bags would be let on board for free, charging passengers for trolleys.

The two carriers have appealed against the sanctions and the administrative court decided to suspend the fine until there is a final ruling on the issue.

(Reporting by Francesca Piscioneri; editing by David Evans)

Source: OANN

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Germany resists pressure to ease Saudi arms export halt

German Foreign Minister Heiko Maas attends the weekly cabinet meeting in Berlin
German Foreign Minister Heiko Maas attends the weekly cabinet meeting in Berlin, Germany, February 20, 2019. REUTERS/Fabrizio Bensch

February 20, 2019

BERLIN (Reuters) – Germany is sticking to its weapons exports freeze to Saudi Arabia, the government said on Wednesday, resisting pressure to soften its stance after criticism from Britain and defense firms, including Airbus, who argue it is hurting commerce.

Germany said in November it would reject future arms export licenses to Riyadh over the killing of Saudi journalist Jamal Khashoggi. It has not formally banned previously approved deals but has urged industry to refrain from such shipments for now.

British foreign minister Jeremy Hunt has urged Germany to soften its line, saying it is “imperative” that it exempt big defense projects from its arms sales halt to Saudi Arabia or face damage to its commercial credibility.

A German Economy Ministry spokeswoman said no change was imminent.

“The view of the government is clear and there is no new situation. There is at the moment no basis for further approvals,” she said.

German Foreign Minister Heiko Maas said decisions on arms shipments to Saudi Arabia were tied to the conflict in Yemen.

“We are not delivering any weapons to Saudi Arabia at the moment and we will make future decisions depend on how the Yemen conflict develops and whether what has been agreed in the peace talks in Stockholm is being implemented,” Maas told reporters after meeting Hunt in Berlin.

Finance Minister Olaf Scholz, in separate remarks, declined to say if the German government would extend the freeze beyond March 9. “We review it regularly and then make new decisions on that basis,” he said.

In a letter to Maas this month, Hunt said he had “grave concerns” about the impact Germany’s arms freeze was “having on the supply chains of UK and European defense industry and may ultimately have on Europe’s ability to fulfill its NATO commitments.”

Berlin’s decision was delaying deliveries of Eurofighter Typhoon, Tornado and Hawk warplanes, and could result in contractual penalties for 500 companies in the supply chain of Britain’s BAE Systems were affected, he said.

Hunt also said he saw a risk that Saudi Arabia would turn to Russian or Chinese supplies in future.

Referring to the conflict in Yemen, where the Saudi-backed government is fighting the Iran-backed Houthi movement, Hunt said he was deeply concerned the freeze would dent the ability to influence key figures in coming months in the cause of peace.

His strongly-worded letter, first reported by Der Spiegel and seen by Reuters, followed complaints last week from a top Airbus official who told Reuters that the halt was preventing Britain from completing the sale of 48 Eurofighter Typhoon warplanes to Riyadh. He said the issue was also affecting potential sales of other weapons such as the A400M military transporter.

Eurofighter is built by a consortium of four founding countries – Germany, Britain, Italy and Spain – represented by Airbus, BAE and Italy’s Leonardo

Khashoggi, a Washington Post columnist and critic of Saudi Crown Prince Mohammed bin Salman, was killed in the Saudi consulate in Istanbul by a team of Saudi operatives on Oct. 2, provoking an international backlash. Riyadh has denied the crown prince had any involvement.

(Reporting by Michelle Martin, Sabine Siebold, Holger Hansen and Paul CarrelEditing by Frances Kerry, William Maclean)

Source: OANN

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Head of Chinese energy agency expelled from Communist Party

The head of China's energy planning agency has been expelled from the country's ruling Communist Party and dismissed from his posts.

China's disciplinary committee announced Saturday evening that Nur Bekri used his authority to aid others in job placement, business operations and mineral resource development in exchange for huge amounts of money and property.

Bekri was one of the most senior officials from the predominantly Muslim Uighur (WEE-gur) ethnic minority in China's far west Xinjiang region.

He became director of the National Energy Administration in 2014 and was also deputy chairman of the Cabinet's economic planning agency.

The disciplinary commission said Bekri's case will now be investigated by criminal prosecutors.

Thousands of both high- and low-level officials have been detained in President Xi Jinping's multi-year crackdown on corruption.

Source: Fox News World

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Colorado man pleads not guilty in California cold case death

A Colorado man has pleaded not guilty to murder in the 1973 death of an 11-year-old California girl.

James Neal of Monument, Colorado, also pleaded not guilty in an Orange County courtroom Friday to lewd and lascivious acts on two girls under age 14. Authorities say those crimes happened between 1995 and 2004 in Riverside County east of Los Angeles.

The 72-year-old Neal was extradited to California from Colorado after he was charged with murder in the death of 11-year-old Linda O'Keefe in the seaside community of Newport Beach.

O'Keefe disappeared while she was walking home from summer school. Her body was found strangled in a ditch the next day.

Investigators identified Neal as a suspect using genealogical DNA.

His next court appearance is set for June 14.

Source: Fox News National

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U.S. lawmakers squabble over demand for Trump financial records

FILE PHOTO - U.S. President Trump meets with Israel's Prime Minister Netanyahu at the White House in Washington
FILE PHOTO - U.S. President Donald Trump speaks as he meets with Israel's Prime Minister Benjamin Netanyahu at the White House in Washington, U.S., March 25, 2019. REUTERS/Carlos Barria

March 27, 2019

By Mark Hosenball

WASHINGTON (Reuters) – A request by a leading Democrat for records of Donald Trump’s financial dealings before he became president set off a partisan squabble in the U.S. House of Representatives on Wednesday.

In a letter to the chairman and chief executive officer of Mazars USA LLP, an audit and accounting firm, Elijah Cummings, chairman of the House Oversight Committee, last week requested records related to personal financial statements the firm prepared for Trump in 2011-2013.

Republican leaders on Wednesday denounced Cummings’ move as an illegitimate effort to embarrass Trump.

In his letter, Cummings cited recent testimony before his committee by former Trump lawyer Michael Cohen that Trump changed the estimated value of his assets and debts on financial statements prepared by Mazars.

Cohen told the committee during his testimony that Trump at times inflated the value of his assets, such as when he was preparing a bid for the Buffalo Bills National Football League team, and at times deflated them, such as when he wanted to reduce his real estate taxes.

But two Republican leaders on the committee, Jim Jordan and Mark Meadows, who had publicly defended Trump and grilled Cohen during his testimony, on Wednesday questioned the legitimacy of Cummings’ request.

They said he was seeking information about Trump’s finances going back 10 years, well before Trump ran for office, adding that it “does not appear to have a valid legislative purpose and instead seems to seek information to embarrass a private individual.”

The Republicans also complained that Cummings did not consult with them before sending his letter to the accounting firm.

A spokesman said the White House had no comment. Mazars did not immediately respond to a request for comment.

(Reporting By Mark Hosenball; Editing by Bill Berkrot)

Source: OANN

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Trump Blasts GM for Ohio Plant Closure, Urges Reopening

President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work.

Trump's arm-twisting came in two separate tweets on Saturday and Sunday .

He called on GM to reopen its Lordstown plant or find another owner, while insisting that the Detroit automaker "must act quickly."

He also blasted GM for letting down the U.S. and asserted "much better" automakers are coming to the country.

Trump praised Toyota for its investments in the U.S. in an apparent attempt to depict GM as being less committed to its home country than the Japan automaker.

GM didn't immediately respond to requests for comment Sunday.

The Lordstown closure has become a hot-button issue in an area of Ohio that is expected to be critical for Trump if he seeks re-election as promised in 2020.

Trump prevailed in Ohio in the 2016 election, a win that helped him win enough electoral votes to become president despite losing the popular vote to Hillary Clinton.

That may be one reason why Trump joined a coalition of Ohio lawmakers in efforts to get the Lordstown plant running again. The tweets marked some of his most pointed criticism of GM so far.

Trump has skewered several other U.S. companies for not doing more to help their country's economy, but his remarks so far have been more bark than bite.

For instance, he has publicly called upon Apple to shift most of its manufacturing from China to the U.S., but the Silicon Valley company continues to make its iPhones and most other products overseas.

Ohio Gov. Mike DeWine, a Republican, last week expressed doubts GM will reopen its Lordstown plant, but said the automaker indicated it's in talks with another company about using the site.

More than 16 million vehicles were made at the Lordstown plant during its 53-year history until GM closed it earlier this month as part of a massive reorganization. The company also intends to close four other North American plants by early next year.

Source: NewsMax 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.

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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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A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

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Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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