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Noise of fighting echoes through Tripoli as thousands flee homes

Troops from eastern Libyan forces are seen in Ain Zara, south of Tripoli
Troops from eastern Libyan forces are seen in Ain Zara, south of Tripoli, Libya April 11, 2019. REUTERS/Stringer

April 12, 2019

By Ulf Laessing and Ahmed Elumami

TRIPOLI (Reuters) – Gunfire and blasts echoed through downtown Tripoli in the small hours of Friday as the eastern Libyan LNA force pushed against the forces of the internationally recognized government around the disused international airport and the Ain Zara district.

Fighting between the eastern force of General Khalifa Haftar and troops loyal to the Tripoli government of Prime Minister Fayez al-Serraj has displaced 9,500 people in the capital, the United Nations said.

But the World Health Organization (WHO) said it had made contingency plans in case “thousands if not hundreds of thousands” were displaced.

Haftar’s push on Tripoli in Libya’s northwest is the latest turn in a cycle of factional violence and chaos dating back to the 2011 uprising that overthrew veteran dictator Muammar Gaddafi.

After sweeping up from the desert south, Haftar’s Libyan National Army (LNA) has have been held up in the southern suburbs of Tripoli, about 11 km (7 miles) from the center.

The U.N. humanitarian agency OCHA said 3,500 people had left their homes in Tripoli in the previous 24 hours, and that 90 percent of those who had requested evacuation could not be moved to comparatively safer areas.

Late on Thursday, the European Union urged the LNA forces to stop their offensive.

As well as the toll on civilians, the renewed conflict threatens to disrupt oil supplies, increase migration across the Mediterranean to Europe, derail a U.N. peace plan and encourage Islamist militants to exploit the chaos. Libya is a main transit point for migrants who have poured into Europe in recent years, mostly trafficked by smuggling gangs.

The LNA forces swept out of their stronghold in eastern Libya to take the sparsely populated but oil-rich south earlier this year before heading towards Tripoli, where Serraj’s U.N.-backed government sits.

Dr Syed Jaffar Hussain, WHO representative in Libya, told a Geneva news briefing by telephone from Tripoli that he feared outbreaks of tuberculosis, measles and diarrhoeal diseases due to poor sanitation, especially among the displaced.

The WHO said it had two weeks of medical supplies available for Tripoli’s hospitals.

Haftar was among the officers who helped Gaddafi seize power in a 1969 coup before parting ways with him later. Critics call Haftar another strongman in Gaddafi’s mould.

He has so far resisted U.N. pressure to accept a power-sharing settlement to stabilize Libya, using his leverage as an ally of the West in attempts to stem Islamist militancy in North Africa.

(Additional reporting by Tom Miles, Stephanie Nebehay in Geneva; Editing by Kevin Liffey)

Source: OANN

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Mexico seeks solution for tomato trade with United States

FILE PHOTO: Graciela Marquez, picked by Mexico's President-Elect Lopez Obrador as Economy Minister, takes part in a news conference in Mexico City
FILE PHOTO: Graciela Marquez, picked by Mexico's President-Elect Lopez Obrador as Economy Minister, takes part in a news conference in Mexico City, Mexico October 1, 2018. REUTERS/Edgard Garrido

March 27, 2019

MEXICO CITY (Reuters) – Mexican Economy Minister Graciela Marquez said on Wednesday she had spoken with U.S. Commerce Secretary Wilbur Ross about the U.S.-Mexico trade relationship.

Marquez and Ross discussed finding a solution for the bilateral trade of tomatoes, the Mexican official wrote in a post on Twitter.

(Reporting by Sharay Angulo; Writing by Anthony Esposito; editing by Julia Love and Tom Brown)

Source: OANN

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How college students can find jobs – without much work experience

FILE PHOTO - University of California Los Angeles (UCLA) students walk on the UCLA campus in Los Angeles
FILE PHOTO - University of California Los Angeles (UCLA) students walk on the UCLA campus in Los Angeles, California, U.S. November 15, 2017. REUTERS/Lucy Nicholson

April 9, 2019

By Chris Taylor

NEW YORK (Reuters) – When college student Danny Franklin started thinking about jobs after graduation, his expectations were not very high.

The 21-year-old accounting major at Delaware State had the typical work experience of many young Americans: Not a whole lot.

Franklin’s job history included stints at McDonald’s, Sears, and Sam’s Club – but nothing that would really grab the attention of a big accounting firm.

No wonder Franklin’s LinkedIn page did not generate any job leads. Then his adviser in junior year told him about Handshake (joinhandshake.com), a jobs community for college kids and young alumni.

After a month or two of building his Handshake profile, he was taken aback: Companies were starting to contact him, instead of the other way around.

“I was very surprised and overwhelmed,” says Franklin. “Companies were telling me about internships, professional development events and inviting me to apply to all these things.”

Among the big-name firms that got in touch were consumer products giant Procter & Gamble, and a couple of the nation’s largest accounting concerns, Deloitte and PwC.

Franklin ended up accepting a position with prominent investment managers Capital Group, in its Norfolk, Virginia. offices. He is slated to start a full-time position there in the fall, after his graduation this spring.

CULTIVATING EXPERIENCE

Franklin managed to solve a tricky puzzle young grads encounter when entering the workforce. How do you get that first job in your chosen field, when you do not have any experience yet?

“LinkedIn is more of a mid-career tool, when you already have work experience and your professional network is established,” says Garrett Lord, Handshake’s CEO and co-founder. “But many students don’t have that work experience yet and may not even know what they want. That’s where Handshake shines.”

After all, it is not easy for young adults to get on that first rung of the corporate ladder, even in a hot economy. In fact, 41.4 percent of recent grads are considered “underemployed,” or working in a lower-level gig that did not require a degree, according to a study by the Federal Reserve Bank of New York.

It is an easier leap to make for students at big-name universities – like, say, Harvard or Yale – since Fortune 500 companies will physically come to their campuses and job fairs and actively recruit. But for students at smaller colleges that may not be on recruiters’ radars, like Danny Franklin at Delaware State, how are they supposed to get started in life?

It was a familiar problem for Garrett Lord, himself a graduate of Michigan Tech, which was not exactly the first stop on the trail for Google or Apple recruiters. That is why he and his co-founders started Handshake, to create something akin to LinkedIn, but focused on college kids and young grads across the country and not just those in the Ivy League.

Handshake’s numbers so far are impressive: 14 million college students and young alumni, more than 700 colleges in its network, 900,000 recruiters – and, notably, 100 percent of the Fortune 500.

It has obviously caught the attention of significant Silicon Valley movers, with backers like the Chan Zuckerberg Initiative (yes, that Zuckerberg), the Omidyar Network (that’s Pierre Omidyar, founder of eBay), venture capital firm Kleiner Perkins, and more.

It is certainly a sea change from the college jobs offices of yore. Those of us of a certain age remember dusty and disorganized operations, with harried supervisors, cluttered desks and index cards of random job offers tacked up on corkboards.

By and large, job-hunting at colleges does not work like that anymore. In fact, Handshake has partnered with 70 percent of the top 500 universities in the country, matching them with 350,000 companies trying to fill slots.

Of course, students do not necessarily need to choose between career apps. They can leverage all of them and boost their odds of getting HR managers’ attention.

When Danny Franklin racked up an impressive 3.5 GPA, joined his school’s accounting club and put in some volunteer work with Habitat for Humanity, he uploaded it all – and, apparently, it paid off.

“Without that profile, I would probably still be applying for jobs.”

(Editing by Lauren Young and Dan Grebler)

Source: OANN

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Germans disapprove of Deutsche Bank-Commerzbank merger: poll

FILE PHOTO: Outside view of the Deutsche Bank and the Commerzbank headquarters in Frankfurt
FILE PHOTO: Outside view of the Deutsche Bank and the Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo

March 28, 2019

FRANKFURT (Reuters) – Some 43 percent of Germans are against a merger between Deutsche Bank and Commerzbank, a survey showed on Friday, while only 17 percent are in favor.

The Insa survey of 2,012 people for Bild newspaper also found that 30 percent of those polled had no opinion about a merger between Germany’s two largest banks, while 10 percent didn’t answer the question.

When only considering those with an opinion, 71 percent were against a merger, while 29 percent were in favor, Bild reported. Older respondents were more likely to disapprove.

The two banks announced last week that they were in talks to merge. Together they employ about 140,000 people, and unions have warned that a tie-up could result in as many as 30,000 job losses.

(Reporting by Tom Sims; Editing by Alexandra Hudson)

Source: OANN

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‪CA Proposes a Carbon Tax to Replace Sales Tax‬

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California lawmakers are proposing replacing California’s sales tax with a “carbon tax” based on the “carbon intensity” of specific products. The bill, SB 43 by Sen. Ben Allen (D-Santa Monica) would require the State Air Resources Board, in consultation with the California Department of Tax and Fee Administration, to submit a report to the Legislature on the results of a study, to propose and to determine the feasibility and practicality of, a system to replace the tax imposed pursuant to the Sales and Use Tax Law with an assessment on retail products sold or used in the state based on the carbon intensity of the product to encourage the use of less carbon-intensive products.

“The goal is to use higher prices to influence Californians to purchase products in a way that is supposed to help reduce climate change,” reportedSarah Boot at the Cal Chamber.

CARB has long wished for a carbon tax, but the United States Commerce Clause always got in the way. The Commerce Clause limits a state’s ability to tax out-of-state persons, and mandates that Congress shall have the power to regulate interstate commerce. Because the power to regulate interstate commerce is granted to Congress, states may not enact laws that discriminate against or substantially interfere with interstate commerce.

Additionally, the dormant Commerce Clause, which says states may not enact laws that discriminate against or substantially interfere with interstate commerce, prevents a state from imposing border tax adjustments as part of its carbon tax. This is something the CARB has been working to find a way around. Several studies such as State-Level Carbon Taxes and the Dormant Commerce Clause: Can Formulary Apportionment Save the World? have been published on the CARB website to address ways to accomplish a carbon tax.

Sarah Boot, whose area of expertise at the Cal Chamber is Privacy and Tax, asks some pertinent questions:

• Who within CARB or the CDTFA will determine the “carbon intensity” of every single product sold or used in California?  Would it be a team of scientists?  Would companies around the country and the world have to send the CDTFA some sort of form assessing the “carbon intensity” of every single one of their products sold in California?  How will the CDTFA verify the accuracy of such information?  How will they enforce this new requirement here in California when so many products come from out of state or from another country?

• Assuming they can do this, how will they convey the specific carbon sales tax for every single product to retailers in this state?  Could they assign the different rates of carbon sales taxes to categories of products?  Or would this be unfair because two companies could produce the same type of product with significantly different carbon intensities?

• What will be included in the determination of “carbon intensity”?   Some of the factors contributing to “carbon intensity” can include the amount of fuel combusted, the number of animals used, certain industrial processes, and distances traveled.  What else?

• What will be the impact of assessing a carbon sales tax based – in part – on how far a product must travel to get to our state?  If the same company produces a product in two different states, one closer to California than the other, will that same product from the same company have two different prices?    Will the distance to each local jurisdiction in our large state be part of the “carbon intensity” measurement?  For example, if a product is manufactured in Oregon and sold in San Diego, will it have a different “carbon intensity” measurement than the same product sold in Sacramento?

• How will the carbon sales tax impact lower income Californians?  Will there be some Californians who don’t have many options when trying to buy products with a lower “carbon intensity?”  Will it impact their ability to buy meat and dairy products, including milk and formula?  Will it increase the cost of their utilities and driving?  Will their cost of living go up?

• Per SB 43, the carbon sales tax has a goal of revenue neutrality.  Yet, if the carbon sales tax is successful at getting consumers to stop purchasing products with higher carbon emissions, via their higher tax rates, wouldn’t revenue ultimately be diminished?

• California’s sales and use tax is one of the state’s most stable forms of revenue.  How would a carbon sales tax impact budget volatility?

SB 43 will require the California Air Resources Board and the California Department of Tax and Fee Administration, to submit a report to the legislature by 2021.

The Carbon Tax Center reports on carbon taxes that have been enacted or proposed around the world, including in:

  • United Kingdom
  • Ireland
  • Australia
  • Chile
  • Sweden
  • Other Nations (including Finland, Great Britain, and New Zealand)

A great deal of pressure is being applied on the United States to join in, but so far, President Donald Trump’s administration has been resistant. California, on the other hand, has taken a go-it-alone approach under former Governor Jerry Brown, partnering with Oregon, Washington and British Columbia forming an illegal compact when they signed the Pacific Coast Action Plan on Climate and Energy, “to align climate change policies and promote clean energy.”

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Germany tops Japan with world’s largest current account surplus in 2018: Ifo

The moon is seen during a lunar eclipse next to the German national flag on top of the Reichstag building in Berlin
The moon is seen during a lunar eclipse next to the German national flag on top of the Reichstag building in Berlin, Germany, July 27, 2018. REUTERS/Fabrizio Bensch

February 19, 2019

By Rene Wagner and Michael Nienaber

BERLIN (Reuters) – Germany’s current account surplus shrank but remained by far the world’s largest last year due to strong exports, according to data from the Ifo institute on Tuesday that is likely to renew criticism of Chancellor Angela Merkel’s fiscal policies.

The International Monetary Fund and the European Commission have urged Germany for years to do more to lift domestic demand as a way to boost imports, stimulate growth elsewhere and reduce global economic imbalances. Since he took office, U.S. President Donald Trump has also criticized Germany’s export strength.

Germany’s current account surplus, which measures the flow of goods, services and investments, was the world’s largest for the third year running in 2018 at $294 billion, followed by Japan with $173 billion, the Ifo figures showed. Russia came in third with a surplus of $116 billion.

When measured in relation to economic output, Germany’s current account surplus shrank for the third year in a row, however, falling to 7.4 percent in 2018 from 7.9 percent the previous year, according to the Ifo figures.

Since 2011, Germany’s current account balance has been consistently above the European Commission’s indicative threshold of 6 percent of gross domestic product and the surplus reached a record high of 8.9 percent in 2015.

The European Commission formally identified a macro-economic imbalance in Germany for the first time in 2014 and has confirmed this criticism every year since.

In its recommendations, the Commission says Germany should make use of its budget surplus to boost public investment and create favorable conditions for stronger real wage growth. The IMF has made similar recommendations.

German government officials have repeatedly said that Berlin’s fiscal and economic policies are not primarily designed to influence the current account balance.

They say the trade surplus is a result of market-based supply and demand decisions by companies and consumers around the world and that it is also shaped by other factors such as oil prices and exchange rates that are hard to influence.

Nonetheless, the government has decided to spend a large part of its budget surplus in the coming three years to increase childcare benefits, lower taxes and reduce contributions to the public health system, measures that are expected to support household spending.

(Writing by Michael Nienaber; Editing by Frances Kerry)

Source: OANN

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Sanders hauls in $6 million during first 24 hours as a 2020 candidate

Sen. Bernie Sanders has raised nearly $6 million since launching his 2020 bid for the White House -- a day ago.

The independent senator from Vermont’s presidential campaign announced Wednesday morning that they received an eye-popping $5.9 million in contributions in the 24 hours since 7 a.m. Tuesday, when Sanders officially announced his candidacy.

The campaign touted that 223,047 individuals made contributions, averaging nearly $27 per person just like during his 2016 bid.

BERNIE ENTERS 2020 RACE

The haul was the product of an aggressive fundraising push by the Sanders campaign, with emails and texts asking for contributions late into Tuesday evening.

One email, hitting inboxes around 9 p.m. ET, pointed out that “as the clock ticks toward midnight, we’re pretty close to reaching a pair of milestones we frankly didn’t think would be possible on day one.”

The large fundraising haul is more than double the $1.5 million Sen. Kamala Harris of California – one of Sanders’ many rivals for the nomination – raised last month in the first 24 hours of her campaign. Harris had been the largest first-day fundraiser among the ever-expanding field of 2020 Democrats.

COLBERT MOCKS SANDERS

Sanders now enters the race as an apparent leader in the polls, thanks to his nationwide name ID, a massive campaign email list of supporters across the country and a powerful digital team.

But while Sanders is working to rekindle the energy of his 2016 primary bid which was effectively a one-on-one contest between him and Hillary Clinton at the end, he faces a much broader field this time -- against a number of candidates who have adopted his big-government policies.

The Republican National Committee, in a statement, called him a "self-avowed socialist who wants to double your taxes so the government can take over your health care."

On Wednesday, President Trump tried to brand him "Crazy Bernie."

Sanders hit back with a tweet calling Trump "racist" -- and with another fundraising appeal.

The progressive firebrand announced his candidacy in a video emailed to supporters, as well as with interviews on Vermont Public Radio and CBS News. His campaign spotlighted that the video was viewed more than 8.3 million times across social media.

In 2016, Sanders was a longshot against all-but-certain Democratic nominee Clinton. But his crushing defeat of Clinton in that year’s New Hampshire Democratic primary launched him into a marathon battle with the eventual nominee. The showdown didn’t end until he endorsed Clinton that summer.

Source: Fox News Politics

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

Source: OANN

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President Trump said Friday he would beat Joe Biden “easily” in the 2020 presidential election, suggesting the former vice president could not have enough “energy” to hold the post—taking an apparent swipe at his age.

The president, departing the White House, was asked about Biden’s entrance into the Democratic primary field. Biden announced his presidential bid early Thursday morning, marking his third attempt at the White House.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

“I think we’d beat him easily,” Trump told reporters Friday.

Trump, 72, said he feels “young” and is ready for 2020, and another term for his administration.

“I feel like a young man. I am a young, vibrant man,” Trump said. “I look at Joe, I don’t know about him.”

The president’s comments seemingly were a shot at the age of Biden, who is 76.

BIDEN ENTERS WHITE HOUSE RACE WITHOUT OBAMA’S ENDORSEMENT

“I would never say anyone’s too old,” Trump said. “I know they’re all making me look very young both in terms of age and in terms of energy.”

Biden became the 20th candidate to join the crowded Democratic primary field Thursday. But Biden is not the oldest in the pack. Sen. Bernie Sanders, I-Vt., is 77 and Sen. Elizabeth Warren, D-Mass., is 69.

Should Trump be re-elected, he would be 74 on Jan. 20, 2021—Inauguration Day. Should the presidency go to one of the elder Democrats in the field—Biden would be 78; Sanders would be 79; and Warren would be 71.

Meanwhile, in a wide-ranging interview on “Hannity” Thursday night, Trump dismissed Biden’s candidacy, nicknaming him “Sleepy Joe,” and saying he’s “not the brightest bulb.” Trump also said that while the former vice president has name recognition, he won’t “be able to do the job.”

Source: Fox News Politics

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

Source: OANN

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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