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Sudan establishes emergency courts, reshuffles senior military staff

FILE PHOTO: Sudan's President Omar al-Bashir is seen during a swearing in ceremony of new officials after he dissolved the central and state governments in Khartoum
FILE PHOTO: Sudan's President Omar al-Bashir is seen during a swearing in ceremony of new officials after he dissolved the central and state governments in Khartoum, Sudan February 24, 2019. REUTERS/Mohamed Nureldin Abdallah/File Photo

February 26, 2019

KHARTOUM (Reuters) – Sudan has established emergency prosecutors and courts nationwide, state news agency SUNA said on Tuesday, a day after President Omar al-Bashir announced sweeping new security powers to contend with months of unrest.

Bashir declared a national state of emergency last Friday and sacked state governors, replacing them with officials from the military and security services.

Dozens of doctors staged peaceful protests in the capital Khartoum and other cities on Tuesday, chanting slogans in the halls of several public hospitals and demanding that Bashir step down. Hundreds of students also continued protests at Sudan’s oldest university for women, in the city of Omdurman.

Neighboring Egypt and some Western countries including the United States expressed concern about the situation in Sudan, which has been shaken by almost daily demonstrations since December over the rising cost of living and other grievances.

As well as having emergency courts set up in every Sudanese state, Bashir also reshuffled some senior military staff on Tuesday. He switched the positions of several members of Sudan’s eight-strong military staff council and appointed General Essam al-Din Mubarak as minister of state in the defense ministry.

“These are normal, routine changes that happen from time to time,” a military spokesman told Reuters.

A coalition of opposition lawyers denounced Tuesday’s moves as unconstitutional.

“DEEP CONCERN”

On Monday Bashir, who came to power in 1989 in a military coup, issued a raft of edicts banning unlicensed public gatherings and awarding sweeping new powers to police.

Security forces were given the power to search any building, restrict movement of people and public transport, arrest individuals suspected of a crime related to the state of emergency and seize assets or property during investigations.

The United States, Britain, Norway and Canada issued a joint statement expressing “deep concern” over the situation.

“There remains a clear need for political and economic reform in Sudan that is fully inclusive, and which addresses the legitimate grievances expressed by the protesters,” it said.

Egyptian Foreign Minister Sameh Shoukry, speaking to Reuters on Tuesday on the sidelines of a U.N. Human Rights Council conference in Geneva, said Egypt stood ready to help its southern neighbor if required.

“We believe that the Sudanese and Egyptian peoples have a common history and a common future, and definitely anything that disrupts the security, stability and prosperity of the Sudanese people is of utmost concern to us,” Shoukry said.

(Reporting by Khalid Abdel Aziz; Additional reporting by Tom Miles in Geneva; Writing by Nadine Awadalla; Editing by Kevin Liffey and Gareth Jones)

Source: OANN

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Bharara: Barr ‘Not the Best Person’ to Decide on Mueller Report

Former U.S. Attorney Preet Bharara said Tuesday he is not denigrating Attorney General William Barr's intelligence or legal ability, but he thinks he is "not the best person" to make the call to decide whether to bring charges in connection with special counsel Robert Mueller's report.

"Bob Mueller spent a lot of time, 22 months, with his team of folks looking at a lot of issues including the issue of obstruction and a lot of people expected him to make the decision, is it a crime, is it not a crime," Bharara, now a senior legal analyst for CNN, commented on "New Day." "He chose not to do that."

Bharara said he has been curious after Barr released his summary about whether Mueller had language in his report about whether he would like Congress to look at the findings and decide what action would be appropriate to take, therefore bypassing the attorney general altogether.

"The attorney general sort of ran in and took the ball as we've been talking about for a couple of weeks," Bharara said. "I'd like to know what Bob Mueller's intent was."

If Barr took the ball and ran with it, "that's not a good look," he added. "I understand why he did it and understand there was a vacuum . . . I don't think it solves the problem for the president, I don't think it solves the problem for the country, and I don't think it settles the question given that he did it on a fairly fast basis, and given that he seemed to have been, you know, sort of predisposed to a particular position."

Source: NewsMax America

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Jet Airways now operating only 41 aircraft, could reduce further: regulator

FILE PHOTO: A Jet Airways plane is parked as another moves to the runway at the Chhatrapati Shivaji International airport in Mumbai
FILE PHOTO: A Jet Airways plane is parked as another moves to the runway at the Chhatrapati Shivaji International airport in Mumbai, India, February 14, 2018. REUTERS/Danish Siddiqui

March 19, 2019

NEW DELHI (Reuters) – India’s aviation regulator said on Tuesday that Jet Airways is currently operating only 41 aircraft, just a third of its original fleet, as the debt-laden carrier struggles to finalize a rescue deal with lenders and its major shareholder Etihad Airways.

The Directorate General of Civil Aviation (DGCA) said in a statement the situation is fluid and that Jet may reduce the number of aircraft it is flying in coming weeks.

Saddled with debt of more than one billion dollars, Jet has delayed payments to banks, suppliers, pilots and lessors – some of whom have ended lease deals with the airline before taking the planes out of the country.

The DGCA also said that pilots, cabin crew and ground staff who have reported any kind of stress should not be put on duty, and the airline should carry out regular maintenance of its aircraft even if they are currently grounded.

(Reporting by Aditi Shah; Edited by Martin Howell)

Source: OANN

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New York man charged with manslaughter after police consider speed in fatal bus crash

A New York City man was charged Tuesday with involuntary manslaughter after a commercial bus he was driving, and possibly speeding in, crashed, killing two passengers.

Virginia State Police said Yui Man Chow, a 40-year-old Staten Island resident, was driving a Toa’s Travel bus through Prince George County, Va., on the I-95 at approximately 5:20 a.m. when the vehicle overturned at a ramp for Exit 45.

This photo provided by Virginia State Police emergency responders at the scene after a charter bus overturned on an Interstate 95 exit near Kingwood, Va., Tuesday. (Virginia State Police via AP)

This photo provided by Virginia State Police emergency responders at the scene after a charter bus overturned on an Interstate 95 exit near Kingwood, Va., Tuesday. (Virginia State Police via AP)

The bus ran off the left side of the ramp before overturning, and police said investigators are considering speed “a causative factor in the crash.”

BOEING, FAA QUESTIONED ABOUT SAFETY OF 737 MAX SAFETY SYSTEM DAYS BEFORE ETHIOPIAN AIRLINES CRASH

The bus, which departed from Orlando, Fla., and was headed to New York City, was carrying 57 people, including Chow, at the time of the crash.

An adult male passenger died at the scene and an adult female died several hours later at a nearby hospital.

Yui Man Chow, a 40-year-old Staten Island resident, was charged with two counts of involuntary manslaughter.

Yui Man Chow, a 40-year-old Staten Island resident, was charged with two counts of involuntary manslaughter. (Virginia State Police)

Dozens of others, including toddlers, suffered an array of injuries, both serious and minor, and were transported to area hospitals. Chow did not sustain any injuries during the crash.

He was charged with  two counts of involuntary manslaughter and is being held on bond at the Riverside Regional Jail.

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Police said the bus stopped in Rocky Mount, N.C., to change drivers before the crash.

Federal Motor Carrier Safety Administration records showed that Toa’s Travel Inc. had no reported crashes in the past two years and only one speeding ticket, The Richmond Times-Dispatch reported.

Source: Fox News National

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MLB notebook: Ichiro retires after 27-year pro career

MLB: Seattle Mariners at Oakland Athletics
Mar 21, 2019; Tokyo,JPN; Seattle Mariners right fielder Ichiro Suzuki (51) speaks during a press conference after the game against the Oakland Athletics at Tokyo Dome. Mandatory Credit: Darren Yamashita-USA TODAY Sports

March 22, 2019

Ichiro Suzuki announced his retirement Thursday after his final game with the Seattle Mariners, played in the country where he started his 27-year career.

“I have achieved so many of my dreams in baseball,” Ichiro said, “both in my career in Japan and, since 2001, in Major League Baseball. I am honored to end my big-league career where it started, with Seattle, and think it is fitting that my last games as a professional were played in my home country of Japan.”

Ichiro, 45, joined the Mariners in 2001 at age 27 and won both American League Rookie of the Year and Most Valuable Player. He had 1,278 career hits in Japanese baseball and 3,089 in the major leagues.

Ichiro nearly legged out an infield hit in the eighth inning after a strikeout earlier in the game. He was removed from the game later in the inning to a thunderous applause from fans and hugs from his teammates. Ichiro was hitless, but Seattle claimed a 5-4, 12-inning victory over the Oakland A’s in the Tokyo Dome.

–The Los Angeles Angels and two-time MVP Mike Trout announced the 12-year contract that likely will keep the outfielder an Angel for the rest of his career.

“This is where I wanted to be all along,” Trout said in a statement released by the. “I have enjoyed my time as an Angel and look forward to representing the organization, my teammates and our fans for years to come.”

The new contract adds 10 years to the final two years of his existing six-year deal signed in 2014. The total 12-year deal is worth anywhere from $426.5 million to more than $430 million.

–Less than two weeks after drawing criticism for giving reigning American League Cy Young Award winner Blake Snell a $15,500 raise, the Tampa Bay Rays announced they are giving their ace quite a bit more, after all.

The club agreed to terms with the left-hander on a five-year, $50 million contract that runs through the 2023 season, which would have been Snell’s first year of free agency. The deal could pay an additional $2 million in incentives, the club said.

–The Athletic’s Ken Rosenthal reported that the St. Louis Cardinals and newly acquired first baseman Paul Goldschmidt are closing in on an extension that will be “at least five years and at least $110 million.” Later, ESPN’s Jeff Passan reported that both sides agreed to a deal and the terms are five years and “about $130 million.”

Goldschmidt slugged 30 or more homers in four of the past six seasons with Arizona, but the Diamondbacks dealt the 31-year-old ahead of the last season of his contract, which is slated to pay him $14.5 million. He batted .290 with 33 homers and 83 RBIs in 2018. He has three 100-RBI campaigns and has batted .300 or better three times since 2013.

–Milwaukee Brewers manager Craig Counsell told reporters there is “reason for concern” about the pitching elbow of right-handed reliever Corey Knebel.

Knebel, 27, stopped throwing in the past few days due to what had been described as a tired arm and was scheduled to have it examined. Knebel and reliever Jeremy Jeffress (shoulder) are expected to open the year on the injured list, likely leaving closer duties to Josh Hader.

The Brewers reportedly have been in talks with free agent closer Craig Kimbrel.

–Oakland Athletics first baseman Matt Olson could miss time with a hand injury sustained in the finale of a two-game series in Japan against the Mariners.

Olson left the game after fouling a ball off of his right hand.

The A’s also announced top prospect Jesus Luzardo would be shut down for four to six weeks with a shoulder strain.

–New York Yankees first baseman Greg Bird was scratched from the team’s spring training game because of swelling and stiffness in his right elbow, manager Aaron Boone said.

Bird, who was hit by a pitch Wednesday by the Houston Astros’ Wade Miley, was sent back to Tampa, Fla., for precautionary X-rays while the team played the St. Louis Cardinals in West Palm Beach, Fla.

Bird, 26, has been competing with Luke Voit for the starting job at first base this spring. He is hitting .333 with 11 walks and three home runs in 51 plate appearances in the Grapefruit League.

–Lee Mazzilli, the Yankees’ guest instructor who was struck on the head by a batted ball during batting practice Wednesday in Tampa, Fla., will stay hospitalized for at least another night. A Yankees spokesman said Thursday that doctors were “just being cautious” with Mazzilli.

–Field Level Media

Source: OANN

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EU’s Tusk urges EU Parliament to be open to long Brexit extension

European Union leaders summit in Brussels
FILE PHOTO - European Council President Donald Tusk holds a news conference after a European Union summit in Brussels, Belgium March 22, 2019. REUTERS/Yves Herman

March 27, 2019

STRASBOURG (Reuters) – The European Parliament should be open to a long Brexit extension, the head of the European Council said on Wednesday, telling lawmakers they should not ignore Britons who wanted their country to remain in the European Union.

“You cannot betray the six million people who signed the petition to revoke Article 50, the one million people who marched for a People’s Vote, or the increasing majority of people who want to remain in the European Union,” said Donald Tusk, who chairs summits of EU leaders.

In a tweet released just after his short speech, he added that the parliament should be open to a long extension if Britain wished to rethink its strategy.

(Reporting by Clare Roth and Philip Blenkinsop; editing by Robin Emmott)

Source: OANN

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Astros, Verlander finalize $66 million extension

MLB: Spring Training-Houston Astros at New York Mets
Mar 2, 2019; Port St. Lucie, FL, USA; Houston Astros starting pitcher Justin Verlander (35) throws against the New York Mets at First Data Field. Mandatory Credit: Steve Mitchell-USA TODAY Sports

March 24, 2019

The Houston Astros have finalized a two-year extension with ace pitcher Justin Verlander, the team announced on Sunday.

“Justin Verlander is one of the elite pitchers in baseball,” said general manager Jeff Luhnow in announcing the deal. “His late-season arrival in 2017 helped the Astros deliver its first ever championship to the city of Houston. Our fans share in my excitement that Justin will be in an Astros uniform for at least three more years.”

The extension adds two years and $66 million to Verlander’s current deal, which had one year remaining. It makes Verlander the highest-paid pitcher in terms of annual average value ($33 million).

Only outfielder Mike Trout, who will average nearly $36 million annually on his recently signed 12-year, $430 million deal, has a deal with a higher per-annum payout.

Verlander, 36, went 16-9 with a 2.52 ERA and an American League-leading 290 strikeouts in 34 starts last season, his first full season in Houston since coming over from Detroit in a trade in 2017.

Last season, the 2011 AL Cy Young winner finished second for the third time in voting for that award and was part of the top five for the seventh time. He also was the league Most Valuable Player in 2011.

Overall, Verlander is 21-9 in 39 starts with the Astros, posting a 2.32 ERA and striking out 333 batters in 248 innings. The Astros won the World Series in 2017 following the trade for Verlander.

The Astros already had reached extensions with All-Star third baseman Alex Bregman (six years, $100 million) and righty reliever Ryan Pressly (two years, $17.5 million) in the past few days.

Bregman, who turns 25 on Friday, finished fifth in the American League MVP voting last season after batting .286 with a league-high 51 doubles, 31 homers, 103 RBIs and 105 runs scored.

Pressley, 30, is under contract for $2.9 million in 2019 and would have been eligible for free agency after this season. The deal covers the 2020 and 2021 seasons.

–Field Level Media

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

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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

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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