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New Zealand PM Ardern backs students striking for climate action

FILE PHOTO - 2019 World Economic Forum (WEF) annual meeting in Davos
FILE PHOTO - New Zealand's Prime Minister Jacinda Ardern smiles as she attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann/File Photo

March 13, 2019

WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern gave her support on Wednesday to a youth movement urging government action to tackle climate change ahead of protests by students across the world later this week.

Thousands of school children in Australia and New Zealand intend to skip school and protest on Friday as part of similar action by students worldwide taking their cue from 16-year-old Swedish climate activist Greta Thunberg.

“Don’t underestimate the power of your voice,” the 38-year-old Ardern told local organizers of the protests and students during a live debate at a college in Wellington.

“Too often we make this assessment that to make an impact we have to be of voting age. That is not the case,” she said.

Students who cut class to join protests have been rebuked by politicians, including Australian Prime Minister Scott Morrison who said last year more learning and less activism was needed in schools.

Whether students should be striking during school time was a decision for students and their parents, Ardern told local media earlier in the day.

Ardern said great strides had been made in attitudes towards climate change over the years.

She said she was booed by an audience 10 years ago for speaking about climate change, which she has described as her generation’s “nuclear free moment”.

“Now people are not debating whether we should do something. Now they are just debating how fast or what we need to do. And that is a big change,” she said.

“What we do now needs to last to 2050 and beyond. So we have a much higher chance of doing that if we bring everyone with us,” she said.

(Reporting by Praveen Menon; Editing by Neil Fullick)

Source: OANN

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NBA roundup: Giannis, Bucks hold off Celtics

NBA: Boston Celtics at Milwaukee Bucks
Feb 21, 2019; Milwaukee, WI, USA; Boston Celtics guard Jaylen Brown (7) defends Milwaukee Bucks forward Giannis Antetokounmpo (34) during the fourth quarter at Fiserv Forum. Mandatory Credit: Jeff Hanisch-USA TODAY Sports

February 22, 2019

Giannis Antetokounmpo recovered from a slow start to score 30 points and grab 13 rebounds Thursday as the Milwaukee Bucks returned from the All-Star break to earn a 98-97 victory over the visiting Boston Celtics.

Khris Middleton scored 15 points for the Bucks, including a tiebreaking 3-pointer with 32.5 seconds remaining, and Malcolm Brogdon also finished with 15 points.

The Bucks improved their NBA-best record to 44-14 while winning for the 15th time in their past 17 games and the ninth time over their past 10 games.

Kyrie Irving scored 22 points and Al Horford added 21 for the Celtics. Irving had missed the last two games before the break with a knee strain, although he did play 25 minutes Sunday in the All-Star Game. Irving made a layup with 27.5 seconds left to cut Boston’s deficit to one, but he missed a wild left-handed shot for the win at the buzzer.

76ers 106, Heat 102

Tobias Harris scored 23 points and grabbed 11 rebounds, and Ben Simmons scored 21 points as host Philadelphia held off Miami.

Boban Marjanovic had 19 points and 12 rebounds for his fifth double-double this season while Jimmy Butler added 18 points for Philadelphia. JJ Redick contributed 13 as the Sixers won without injured All-Star center Joel Embiid and reserve forward Furkan Korkmaz.

Dwyane Wade led the Heat with 19 points, Dion Waiters added 18 and Kelly Olynyk had 15.

Trail Blazers 113, Nets 99

Jusuf Nurkic collected 27 points and 12 rebounds as Portland opened a season-high, seven-game road trip with a win at Brooklyn.

Portland pulled away down the stretch on a night when All-Star Damian Lillard had a quiet scoring performance. Lillard finished with 13 points on 5-of-21 shooting but added eight assists to go along with eight rebounds. CJ McCollum scored 21 points for Portland.

Reserve Allen Crabbe led the Nets with 17 points, but Brooklyn shot 39.1 percent from the field, missed 29 of 36 3-point attempts and lost for the seventh time in 10 games.

Cavaliers 111, Suns 98

In his third game back since missing 50 games this season, Kevin Love scored 16 points and grabbed 11 rebounds to lead Cleveland to victory over visiting Phoenix.

Cedi Osman led Cleveland with 19 points. Ante Zizic finished with a double-double, scoring 15 and grabbing 12 rebounds.

The loss was the 16th straight for the Suns, a franchise record. Devin Booker led Phoenix with 30 points, and Kelly Oubre Jr., who got his first start with the Suns since a December trade from Washington, added 23 points.

–Field Level Media

Source: OANN

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Australia’s Shorten sets 100-day target to boost overtime pay

FILE PHOTO - Australian Labor Party opposition leader Bill Shorten laughs during remarks at his election night party in Melbourne
FILE PHOTO - Australian Labor Party opposition leader Bill Shorten laughs during remarks at his election night party in Melbourne, July 2, 2016 on Australia's federal election day. REUTERS/Jason Reed

April 20, 2019

MELBOURNE (Reuters) – Australian opposition leader Bill Shorten gave himself 100 days to make sure that low-paid workers get more money for working overtime if he wins next month’s election.

Labor party leader Shorten, a former union organizer, said on Saturday he would reverse the decision by a tribunal to cut overtime pay in several low-paying industries within 100 days of the May 18 poll.

“Do we really want to go down the American path of workplace relations where a worker … to make ends meet has to rely on tips and charity and the coins and dollar notes left on the table after the guest has gone?” Shorten told supporters in Melbourne.

“That is not the Australian way.”

In 2017, the Fair Work Commission ruled that reductions in the so-called penalty rates for weekends, public holidays and late night or morning shifts in retail, hospitality, fast-food and pharmacy would be phased in gradually by 2020.

The commission, an independent tribunal that sets the minimum wage, ruled that the cuts would vary, depending on the industry.

Opinion polls have had Shorten’s center-left Labor party well ahead for years and show that the coalition of Prime Minister Scott Morrison’s Liberals and the rural-focused National party is headed for a resounding defeat.

A recent poll showed that support for Australia’s once-influential far-right One Nation party plummeted after a series of scandals, paving way for Morrison and Shorten to intensify their fight for the right-wing voter.

(Reporting by Lidia Kelly; Editing by Nick Macfie)

Source: OANN

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Democrats Tell Protesters Full Mueller Report Will Reveal if Trump Has ‘Abused His Office’

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Source: InfoWars

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NSA Bolton Defends Change in Policy on Cuba

National Security Adviser John Bolton defended the Trump administration's change in more than two decades of American policy toward Cuba, telling MSNBC's "MTP Daily" on Wednesday that U.S. foreign policy should be "based on the pursuit of American national interests."

The State Department announced Wednesday it would permit Cuban Americans to sue the foreign power over property they lost during the 1959 Cuban Revolution. A 1996 act gave Americans this right, but every president since then has suspended the key clause due to fears of alienating U.S. allies and complicating ties with Havana.

When asked why the administration is standing on principle with Cuba but not with other authoritarian or dictatorial regimes, Bolton said "I don't have any trouble at all explaining the distinction . . . Sometimes regimes that look alike are treated differently because in the constellation of American interest, our relationship with them and the circumstances we face is different, and I don't think we need to make any apologies for that – not this administration, or not other administrations."

The European Union, which has many business interests in Cuba, condemned the State Department announcement and warned it will "consider all options at its disposal to protect its legitimate interests," including calling for World Trade Organization action.

The Trump administration has been adopting a more aggressive stance toward Cuba after former President Barack Obama had been moving toward a thawing of relations with Havana.

Source: NewsMax America

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Bus hits dump truck in Bolivia; at least 22 reported dead

Bolivian police say a bus has crashed head-on with a dump truck, killing at least 22 people and injuring 12 more.

The Monday morning accident occurred in a dense fog on the highway connecting Potosi and Oruro, about 135 miles (220 kilometers) south of the capital.

Police say the bus was en route to Oruru from the town of Villazon on the Argentine border. Two buses collided on the same highway in January, killing 22 people.

Source: Fox News World

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Delays to Brazil pension reform will slow IPO market: Itau executive

FILE PHOTO: A man walks past an Itau Unibanco logo in Rio de Janeiro, Brazil
FILE PHOTO: A man walks past an Itau Unibanco logo in Rio de Janeiro, Brazil September 6, 2017. REUTERS/Pilar Olivares

April 23, 2019

SAO PAULO (Reuters) – Any delay in passing pension reform in Brazil is likely to slow the pace of initial public offerings in the country, Itaú Unibanco Holding SA’s head of Global Markets and Treasury said on Tuesday.

Brazil’s Congress is mulling the government’s pension reform proposal, which many view as crucial to stabilizing the country’s rickety public finances and kick-starting growth in Latin America’s No. 1 economy.

Speaking in Sao Paulo, Christian Egan said “there may be room” for follow-on operations from companies with higher valuation levels.

“It’s case-by-case, but IPOs would be unlocked much faster (with the reform approved),” he said.

Egan said there is great interest from foreign investors in Brazil, who are awaiting the for the passing of the pensions overhaul to invest, particularly in areas like infrastructure.

Also on Tuesday, Brazil’s government reached a deal with lawmakers, paving the way for a congressional committee to vote on its pension bill later in the day, boosting investor sentiment and lifting local financial markets.

(Reporting by José de Castro; Editing by David Gregorio)

Source: OANN

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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