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Americans would see impeachment as a ‘limp attempt at a soft coup:’ Joe Concha

As the divide widens between Democrats rallying for and against launching impeachment proceedings against President Trump, media reporter Joe Concha argued the party's leadership knows that the ramifications from the American people would not be desirable.

House Speaker Nancy Pelosi unequivocally denounced impeachment proceedings on Monday, distancing herself from the likes of Rep. Alexandria Ocasio-Cortez, Sen. Elizabeth Warren and Sen. Kamala Harris who have all voiced their support for the move. Referencing former President Bill Clinton's impeachment, Concha asserted his belief that should the same happen to Trump, it would make him a sympathetic figure and cast a vindictive light on the Democratic party.

"Nancy Pelosi has seen this, and she knows the ramifications for the party that tries to carry it out," Concha said during an appearance on "Fox & Friends" on Tuesday morning.

PELOSI FACES MOUNTING TRUMP IMPEACHMENT PRESSURE FROM DEM RANKS AFTER MUELLER REPORT

"It will be seen basically by half of the American people as a limp attempt at soft coup at removing a president that they know they don't have the votes for in the Senate," he continued.

Furthermore, those who voted for the Democrats in November want to see them "solve problems, not go down this road," and that the American people "don't have an appetite for it," Concha claimed.

On Monday, Democrat leaders decided against launching impeachment proceedings against the president following a party meeting.

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Pelosi and her leadership team were clear there were no immediate plans to move forward with impeachment, Fox News was told. Well-placed sources said it was a spirited 87-minute call involving more than 170 Democrat members, including House Intelligence Committee Chair Adam Schiff and House Oversight Committee Chair Elijah Cummings.

"We have to save our democracy," Pelosi said, according to the sources. "This isn’t about Democrats or Republicans. It’s about saving our democracy. If it is what we need to do to honor our responsibility to the Constitution – if that’s the place the facts take us, that’s the place we have to go."

Pelosi asserted that more investigations were needed: "We don’t have to go to articles of impeachment to obtain the facts, the presentation of facts.”

Fox News' Gregg Re contributed to this report.

Source: Fox News Politics

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Algeria ruling party leader says Bouteflika’s decisions valued

FILE PHOTO: Algeria's President Abdelaziz Bouteflika looks at journalists after casting his ballot during the parliamentary election in Algiers
FILE PHOTO: Algeria's President Abdelaziz Bouteflika looks at journalists after casting his ballot during the parliamentary election in Algiers, Algeria, May 4, 2017. REUTERS/Zohra Bensemra/File Photo

March 21, 2019

CAIRO (Reuters) – Algeria’s ruling National Liberation Front party (FLN) values the decisions of President Abdelaziz Bouteflika, Ennahar Tv cited party leader Moad Bouchareb as saying on Thursday.

The FLN also stressed the party’s moral and political commitment to Bouteflika’s decisions, Bouchareb said.

On Wednesday, FLN sided with protesters after a meeting of its top officials, state news agency APS said. It quoted Bouchareb as saying the “FLN fully supports the popular protest movement”.

(Reporting by Hesham Hajali; Editing by Tom Brown)

Source: OANN

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Russia says 3 of its soldiers killed in Syria

The Russian military says three of its servicemen have been killed in an ambush in Syria.

The Russian Defense Ministry said in a statement Monday that the three soldiers died when militants ambushed their vehicle in late February in the eastern province of Deir el-Zour.

The ministry says the military tracked down a group of more than 30 militants involved in the ambush and "destroyed" them in a joint operation by the Russian air force and a special operations unit. It did not say when the raid took place.

The report brings the number of Russian soldiers killed in Syria to 115, according to official data. Russia intervened in Syria starting in 2015, and has helped President Bashar Assad's forces retake large areas of the country.

Source: Fox News World

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The Latest: German foreign minister: Brexit vote 'reckless'

The Latest on Brexit (all times local):

8:20 a.m.

Germany's foreign minister says the U.K. Parliament's rejection of the Brexit deal negotiated on Britain's departure from the European Union was "reckless."

Heiko Maas says the EU made "far-reaching additional offers and assurances" at Britain's request this week.

In remarks released late Tuesday, Maas said the U.K. Parliament's decision to reject the deal "brings a no-deal scenario ever closer."

He added that "whoever rejects the agreement plays with the welfare of their citizens and the economy in a reckless way."

Maas said Germany is prepared "as best as possible for this worst possible case," though Germany hopes a disorderly Brexit can still be avoided in the coming 17 days.

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8:10 a.m.

The European Union's chief Brexit negotiator says Britain must finally get its act together as a chaotic no-deal departure from the bloc is little more than two weeks away.

Michel Barnier said Wednesday it was time for Westminster to change tack, after the U.K. parliament handed Prime Minister Theresa May another huge defeat on her freshly renegotiated Brexit deal.

Barnier said that "again the House of Commons says what it does not want. Now this impasse can only be solved in the U.K."

The EU parliament's Brexit group was meeting to assess the situation in Strasbourg, France before a plenary debate on the impasse.

British lawmakers rejected May's Brexit deal in a 391-242 vote on Tuesday night. Parliament will vote Wednesday on whether to leave the EU without a deal.

Source: Fox News World

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Malaysia’s February export growth seen slowing to 1.4 percent year-on-year: Reuters poll

General view of container yard at North Port in Port Klang
A general view of a container yard at North Port in Port Klang outside Kuala Lumpur January 8, 2009. REUTERS/Bazuki Muhammad

April 2, 2019

KUALA LUMPUR (Reuters) – Malaysia’s exports likely rose 1.4 percent in February from a year earlier, slower than the previous month, a Reuters poll showed on Tuesday.

Estimates among the 10 economists surveyed, however, ranged widely between an annual decline of 4.9 percent and a rise of 6.8 percent.

In January, exports had grown 3.1 percent year-on-year, amid higher shipments of manufactured and mining goods.

February’s imports are expected to fall marginally by 0.6 percent from a year earlier, down from a 1 percent expansion in the previous month, the poll showed.

Malaysia reports trade data in ringgit.

The country’s trade surplus likely narrowed to 10.4 billion ringgit ($2.55 billion) in February, from 11.5 billion ringgit in January.

(Reporting by Rozanna Latiff; Editing by Gopakumar Warrier)

Source: OANN

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Lyft’s stock slide casts long shadow on Uber’s IPO

FILE PHOTO: Uber and Lyft signs are seen on a car in Redondo Beach
FILE PHOTO: Uber and Lyft signs are seen on a car in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson - RC1F359D1320/File Photo

April 11, 2019

By Joshua Franklin and David Randall

(Reuters) – Uber Technologies Inc may face a cooler reception from investors than expected when it prices its initial public offering next month since smaller U.S. ride-hailing rival Lyft Inc’s aggressive stock launch and subsequent fall.

Lyft’s IPO priced at the top end of its upwardly revised range last month, assigning it a valuation of more than $24 billion in an offering that raised $2.34 billion. But the stock has languished since debuting on the Nasdaq on March 29, as concerns about the startup’s potential for profitability have become more prominent.

Lyft shares ended on Wednesday down 11 percent at $60.12, well below their $72 IPO price. Lyft was the first in a string of technology IPOs expected this year, including food delivery service Postmates and smart exercise bike Peleton.

Lyft’s poor stock performance bodes ill for these IPOs, especially for companies like Uber with no profits to show.

“There’s no discernable way these companies are valued. What you’re really buying into is the long-term ability of the company to capture lots of sales and hopefully get profitable at some point,” said Brian Hamilton, founder of data firm Sageworks.

“I’m sure that the Lyft debut is going to affect both Uber and Pinterest,” Hamilton added.

Uber filed for its IPO in December with the U.S. Securities and Exchange Commission during the same week as Lyft. But it let Lyft go first with its offering, partly because it was working on a new private fundraising round for its autonomous driving unit.

Uber is now paying the price of going second. It is planning to seek a valuation between $90 billion and $100 billion, short of the $120 billion investment bankers previously told the company it could be worth in an IPO, Reuters reported on Tuesday.

Image sharing app Pinterest Inc this week also set the terms for its IPO which would value the company at up to $11.3 billion, below its latest fundraising round which valued it at $12 billion in 2017. Prior to Lyft going public, Pinterest had been weighing a valuation at or near the last fundraising round, according to a source familiar with the matter. Pinterest declined to comment.

Uber is expected to make its detailed financial results public on Thursday. It lost $3.3 billion last year, excluding one-off gains, while Lyft lost $911 million for 2018. Pinterest also lost $62.97 million in 2018.

Uber declined to comment.

GETTING GREEDY

Investors and analysts said technology unicorn IPOs are losing their luster, not just because more investors are asking tough questions about their prospects, but because the startups overestimated pent-up demand for their offerings.

“Lyft wanted to be first… and it got to a point where they got so aggressive with their pricing and they got kind of greedy,” said Catherine McCarthy, an Allianz Global Investors research analyst.

The pressure to become profitable will ratchet up once these companies become public, said Jordan Stuart, a portfolio manager for Federated Kaufmann funds who often purchases companies’ stock in the IPO.

“The pace of change is happening so quickly that you have to show that you can become profitable quickly,” Stuart said.

“Some of these companies could go away tomorrow because it’s just an app on my phone and I can find another one in a second to get to work or have food delivered.”

(Reporting by Joshua Franklin and David Randall in New York; Additional reporting by Jennifer Ablan in New York; Editing by Cynthia Osterman)

Source: OANN

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Brazil police kill ten suspects who tried to blow up bank ATMs

Policemen patrol a road, where they faced a gang after attempting an armed bank robbery in Guararema
Policemen patrol a road, where they faced a gang after attempting an armed bank robbery in Guararema, near Sao Paulo, Brazil April 4, 2019. REUTERS/Amanda Perobelli

April 4, 2019

SAO PAULO (Reuters) – Police in Sao Paulo state shot and killed 10 assailants who were preparing to simultaneously blow up automated bank teller machines at two branches early on Thursday, authorities said.

Sao Paulo state’s Public Security Secretariat said in a statement that about 25 suspects were involved in the attempts to blow up the machines to get at the cash inside, a common type of crime in Brazil.

One of the banks was located next to a police station.

One police commander told the TV Globo network the criminal group was “prepared for war” and, aside from arriving in five armored cars, were armed with high-caliber rifles and body armor.

Police arrived at the banks and confronted the assailants, who fled and led police on a rolling shootout through the city of Guararema, located about 60 kilometers east of central metropolitan Sao Paulo.

The suspects broke into a home at one point and held the residents hostage, “but police managed to free them,” the note from the secretariat read, without providing more details.

No police were injured during the operation. It was not clear if any suspects were in custody.

Police commander Mario Silva told the Globo TV that the criminal group was under surveillance, and that “we already knew they were going to carry out an attack in this area.”

“We did not know exactly where the attack would take place,” Silva said. “But we increased police forces in the area over the past 24 hours.”

(Reporting by Brad Brooks in Sao Paulo and Debora Moreira in Rio de Janeiro; Editing by Bernadette Baum)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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Al-Qaida in Yemen is vowing to avenge beheadings carried out by Saudi Arabia this week — an indication that some of the 37 Saudis executed on terrorism-related charges were members of the Sunni militant group.

Al-Qaida in the Arabian Peninsula, as the branch is called, posted a statement on militant-linked websites on Friday, accusing the kingdom of offering the blood of the “noble children of the nation just to appease America.”

The statement says al-Qaida will “never forget about their blood and we will avenge them.”

U.S. ally Saudi Arabia on Tuesday executed 37 suspects convicted on terrorism-related charges. Most were believed to be Shiites but at least one was believed to be a Sunni militant.

His body was pinned to a pole in public as a warning to others.

Source: Fox News World

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For two friends with checkered pasts it was the luck of a lifetime: a 4 million-pound ($5.2 million) lottery win.

But Mark Goodram and Jon-Ross Watson may see their celebrations cut short.

The Sun newspaper reports that Britain’s National Lottery is withholding the payout as it investigates whether the men, who have a string of criminal convictions, used illicit means to buy the winning ticket.

The Sun said neither man has a bank account, leading lottery organizers to investigate how they obtained the bank-issued debit card that paid for the 10 pound ($13) scratch card.

Camelot, which runs the lottery, said Friday it couldn’t confirm details of the story because of winner-anonymity rules. The firm said it holds a “thorough investigation” if there is any doubt about a claim.

Source: Fox News World

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