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Florida inmate punches public defender in head during court hearing, shocking video shows

A Florida public defender was taken to the hospital after an inmate approached her from behind and punched her in the head during a bond hearing at the Broward County courthouse on Wednesday.

Assistant public defender Julie Chase was standing next to a female when William Green — who was in court for one count of touch or strike battery — walked up to the attorney from behind and punched her in the head, WSVN reported.

A video showed Chase falling to the floor next to the courtroom podium after Green swung his left fist. Courtroom bailiffs rushed in and appeared to tackle the inmate to the ground as Chase got up and walked away from the scene.

FLORIDA MAN DIES AFTER TRYING TO REMOVE PET PIGEON FROM POWER LINE WITH ‘20-FOOT ALUMINUM POLE’

The room was filled with other inmates awaiting their bond court hearings.

It’s unclear why the inmate attacked Chase.

Broward Judge Jackie Powell was looking through documents pertaining to Walker’s case when the incident occurred. Powell looked at the monitor and asked, “What happened?” to which another public defender suggested a recess.

FLORIDA HOMELESS MAN CALLS COPS TO REPORT HE PAID FOR SEX -- BUT GOT SCAMMED, POLICE SAY

Chase was taken to the hospital, though the extent of her injuries were unclear. She has been working for the Public Defender’s Office since 2005, Executive Chief Assistant Gordon Weekes told the Sun-Sentinel.

“[Chase is] a very dedicated attorney,” Weekes said. “This is very unfortunate what happened this morning.”

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Charges for Green following Wednesday’s attack are pending.

Source: Fox News National

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Report: Myanmar rebels kidnap civilians from police base

Myanmar state media report three people were killed and seven civilians abducted in an attack on a police installation that authorities blame on the Arakan Army rebel group.

A report in the Global New Light of Myanmar newspaper says about 200 insurgents, who claim to represent the Rakhine ethnic minority in the western state of Rakhine, attacked a security police headquarters in Mrauk-U town on Tuesday night.

Rakhine is best known for a brutal counterinsurgency campaign by the military against the Muslim Rohingya minority, which caused more than 700,000 to flee to neighboring Bangladesh.

Thursday's report says the attackers abducted four women and three children and that one officer's family member was killed, while two policemen died and seven were reported missing.

Source: Fox News World

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Yen strengthens, shares skid on U.S. recession fears

Illustration photo of a Japan Yen note
A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration

March 24, 2019

By Swati Pandey

SYDNEY (Reuters) – The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favor on growing worries about an impending U.S. recession, sending global bond yields plunging.

In Asia, Nikkei futures pointed to a weak start for Japan. Australian shares fell 0.3 percent at the open while New Zealand’s benchmark index faltered 0.9 percent.

Investors also kept one eye on the details of a nearly two-year U.S. investigation which found no evidence of collusion between Donald Trump’s election team and Russia, in a major political victory for the U.S. President.

U.S. stock futures were marginally higher during early Asian hours.

On Friday, all three major U.S. stock indexes registered their biggest one-day percentage losses since Jan.3 with the Dow sliding 1.8 percent, the S&P 500 off 1.9 percent and the Nasdaq dropping 2.5 percent.

Concerns about the health of the world economy heightened last week after cautious remarks by the U.S. Federal Reserve sent 10-year treasury yields to the lowest since early 2018. Adding to the fears of a more widespread global downturn, manufacturing output data from Germany showed a contraction for the third straight month.

In response, 10-year treasury yields slipped below the three-month rate for the first time since 2007. Historically, an inverted yield curve – where long-term rates fall below short-term – has signaled an upcoming recession.

“We have re-run our preferred yield curve recession models, which now suggest a 30-35 percent chance of a U.S. recession occurring over the next 10‑18 months,” said Tapas Strickland, markets strategist at National Australia Bank.

Typically a 40-60 percent probability sees a recession within the next 10-18 months, Strickland added, basing the analysis on previous recessions.

“The risk of a U.S. recession has risen and is flashing amber and this will keep markets pricing a high chance of the Fed cutting rates.”

Much of the concerns around global growth is stemming from Europe and China which are battling separate tariff wars with the United States. Political turmoil in Britain over the country’s exit from the European Union is also a major overhang for risk assets.

On Sunday, Rupert Murdoch’s Sun newspaper said in a front page editorial British Prime Minister Theresa May must announce on Monday she will stand down as soon as her Brexit deal is approved.

The British pound was last flat at $1.3209 after three straight days of wild gyrations. The currency slipped 0.7 percent last week.

Politics was also in focus in the United States.

The long-awaited Mueller report into whether Trump’s campaign colluded with Russia to help Trump defeat his Democratic opponent, Hillary Clinton, marked a major milestone of his presidency as he prepares for his 2020 re-election battle.

In currency markets, the Japanese yen – a perceived safe haven – held near its highest since Feb. 11. It was last off 0.1 percent at 110.04 per dollar.

The Australian dollar, a liquid proxy for risk play, was down for its third straight session of losses at $0.7072.

(Editing by Shri Navaratnam)

Source: OANN

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Man must serve at least 50 years for sexual abuse of toddler

A West Virginia man who told police he sexually abused a 3-year-old girl by accident must serve at least 50 years in prison before he is eligible for parole.

The Bluefield Daily Telegraph reports Mercer Circuit Court Judge Derek Swope on Tuesday noted problems the child could suffer later in life before sentencing 27-year-old Henry Vincent Bennett of Bluefield to 25 to 100 years for each of two first-degree sexual assault charges. A jury convicted Bennett of sexual assault and other charges last year.

Prosecutors said Bennett told detectives that he twice mistook the toddler for his wife after she climbed into his bed.

Bennett's lawyers said his admission to Bluefield police was coerced.

Swope says Bennet will be in prison "for the rest of his effective life."

___

Information from: Bluefield Daily Telegraph, http://www.bdtonline.com

Source: Fox News National

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Uncertainty shadows Pennsylvania’s nuclear power future

Four decades after Three Mile Island became shorthand for America’s worst commercial nuclear power accident, there is a push to keep it open, according to reports.

NPR reported that concerns about climate change and the need for zero-carbon power are some of the factors behind the push.

MISSOURI MAN WHO TOPPLED MORE THAN 100 HEADSTONES AT JEWISH CEMETERY GETS PROBATION

“We’re at a point where if nuclear retires immediately, we would probably replace it with natural gas generation because we haven’t sufficiently planned to replace it with something cleaner,” Mark Szybist, a senior attorney with Natural Resources Defense Council, said.

The nation’s aging and shrinking nuclear power fleet is being buffeted by a flood of natural gas plants entering competitive electricity markets, relatively flat post-recession electricity demand, and states putting more emphasis on renewable energy and efficiency.

The pursuit of state guarantees has spurred questions over why ratepayers should foot the cost to keep nuclear power plants open, and whether nuclear power provides an indispensable environmental benefit in the age of global warming.

The spotlight moved in 2017 to Pennsylvania, the nation’s No. 2 nuclear power state.

That’s when Three Mile Island’s owner, Chicago-based Exelon Corp., announced it will close the plant that was the site of a terrifying partial meltdown in 1979 unless Pennsylvania comes to its financial rescue. It set this Sept. 30 as the closing date.

Ohio-based FirstEnergy Corp. also said it will shut down its Beaver Valley nuclear power plant in western Pennsylvania — as well as two nuclear plants in Ohio — within three years unless Pennsylvania steps up.

So far, no rescue has been written into legislation.

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Republican state Rep. Thomas Mehaffie recently introduced a bill, NPR reported, to try to keep the Pennsylvania plants open.

“If we lose one or more of these plants we might as well forget about all the time and money we’ve invested in wind and solar,” Mehaffie said.

Exelon said Pennsylvania must enact legislation by June 1 if it is to keep operating Three Mile Island, since fuel must be ordered months in advance.

The Associated Press contributed to this report.

Source: Fox News National

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Latvian foreign minister says he would back Brexit extension

Latvia's Foreign Minister Edgars Rinkevics speaks during an interview in Riga
Latvia's Foreign Minister Edgars Rinkevics speaks during an interview in Riga, Latvia May 23, 2018. Picture taken May 23, 2018. REUTERS/Ints Kalnins

March 17, 2019

LONDON (Reuters) – Latvian Foreign Minister Edgars Rinkevics said he would encourage his government to agree to a Brexit extension ahead of a European Union summit this week.

“My own government is going to discuss this issue next Tuesday, in preparation for a Thursday and Friday European Council. What is important of course is that there is clarity by Thursday from the UK government,” he told Sky News.

“If there is a request for an extension, I personally would advise my government to vote in the European Council for extension but also we need then a very clear plan from the UK as to how we are going to proceed if there is a long-term extension.”

(Reporting by Kate Holton; Editing by Keith Weir)

Source: OANN

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Nunes sues Twitter, vows many more are coming; Beto confronted with third-trimester abortion question

Welcome to Fox News First. Not signed up yet? Click here.
 
Developing now, Tuesday, March 19, 2019

NUNES SUES TWITTER, SAYS MORE LAWSUITS TO COME: Rep. Devin Nunes, R-Calif., filed a lawsuit against Twitter and some of its users Monday seeking $250 million in compensatory damages and $350,000 in punitive damages, accusing the social media site of "shadow-banning conservatives" including himself, to influence the 2018 elections, systematically censoring opposing viewpoints and totally "ignoring" lawful complaints of repeated abusive behavior.

And the congressman told Fox News' Sean Hannity the lawsuit is "first of many" to come ...  Click on the image above to see his full interview on "Hannity" from Monday night.

CLICK HERE TO GET THE FOX NEWS APP.

DID BETO ENDORSE THIRD-TRIMESTER ABORTIONS? - At a campaign event in Ohio on Monday, White House hopeful Beto O'Rourke appeared to punt on the question of third-trimester abortions but endorsed a woman's right to the controversial practice, less than a month after Senate Democrats blocked a bill that would have required doctors to provide medical care to newborns amid a swirling infanticide controversy in Virginia ...  "Are you for third-trimester abortions?" an attendee of the campaign event in Cleveland asked O'Rourke, before describing the medical alternatives to such a procedure and disputing the medical necessity of late-term abortions. "Are you going to protect the lives of third-trimester babies?" O'Rourke responded: "The question is about abortion and reproductive rights. And, my answer to you is, that should be a decision the woman makes. I trust her."

REPORT: NATIONAL ENQUIRER PAID OFF BROTHER OF BEZOS' LOVER FOR TEXTS - The National Enquirer paid the brother of Jeff Bezos’ mistress $200,000 for the private text messages between the two lovers that were published in January, according to a Wall Street Journal report Monday night ... Michael Sanchez, the brother of Bezos’ girlfriend Lauren Sanchez, reportedly provided the intimate communications to American Media LLC, this after months of speculation as to how the tabloid obtained messages revealing lurid details about the Amazon CEO’s alleged love affair. The Journal's finding, attributed to people familiar with the matter, parallels the conclusion reached by private investigators working for Bezos as of early February.

WARREN INSISTS NATIVE AMERICAN HERITAGE CLAIM DIDN'T BOOST CAREER: 2020 presidential candidate Elizabeth Warren insisted Monday that her disputed claims of Native American heritage, for which she later apologized, had no role in the advancement of her career ... During a CNN town hall in Jackson, Miss., the Massachusetts Democrat was asked how she responded to critics who said her handling of questions about her heritage was “tone-deaf, offensive, and indicative of a lack of presidential tact.” “Well... you know... I grew up in Oklahoma. I learned about my family from my family. And based on that, that’s just kind of who I am and I do the best I can with it,” the senator responded. “You know, there was an investigation, nothing I ever did or my family played any role in any job I ever got.”

THE SOUNDBITE

WHY BEN SASSE FLIPPED ON TRUMP'S BORDER EMERGENCY DECLARATION -  "I think there are three different issues here. The first is, do we objectively have a crisis at the border? And, we do ... Second, does the president have the authority to declare a crisis in this kind of circumstance? ... I think the president does have that authority. That is a different question than whether or not that's a good law." – Sen. Ben Sasse, R-Neb., on "Special Report," explaining why he voted against a resolution to stop President Trump's declaration of a national emergency at the U.S.-Mexico border. (Click the image above to watch the full video.)

TODAY'S MUST-READS
Donna Brazile: Why I am excited to join Fox News and take part in a civil - and sensible - debate.
FOX NEWS EXCLUSIVE: Brazil’s 'Trump of the Tropics' talks controversial tweet, mysterious killing.
George Conway was turned down from job, jealous of wife, Trump campaign manager says.
11-year-old boy charged with murders of two adults at home.

MINDING YOUR BUSINESS
Report: Tesla asks workers to volunteer to help deliver 30,000 cars.
Marriott plans to open more than 1,700 hotels by 2021.
John Boehner flips on pot legalization: Fed laws 'way out of step.'

STAY TUNED

On Fox Nation:

The Big Story: The Shocking Story of Susan Smith, Part 2
“The Big Story” takes a closer look at some of the biggest headlines in American history. In this preview, a mother is charged with the murder of her two little boys, and now she must face not only the justice system, but also the court of public opinion. Watch a preview of the show now.

Not a subscriber? Click here to join Fox Nation today!
Fox Nation is a subscription streaming service offering daily shows and documentaries that you can’t watch anywhere else. Watch from your phone, computer and select TV devices.

On Fox News:

Fox & Friends, 6 a.m. ET: Judge Andrew Napolitano, Fox News senior judicial analyst, on the 2020 Dems' push to expand the Supreme Court. Joel Osteen on the power of prayer following a tragedy like the New Zealand mosque attacks. Nifty Fifty's transforms Fox Square into a diner.

Special Report with Bret Baier, 6 p.m. ET: An interview with Kevin Hassett, chairman of the Council of Economic Advisers.

On Fox Business:

Mornings with Maria, 6 a.m. ET: Special guests include: Susan DeVore, president and CEO of Premier; U.S. Rep. Warren Davidson, R-Ohio; Gen. Jack Keane; Tom Bevan, president and co-founder of RealClearPolitics.

Varney & Co., 9 a.m. ET: Special guests include: Sonny Perdue, U.S. Secretary of Agriculture.

Lou Dobbs Tonight, 7 p.m. ET: Michael Pillsbury, senior fellow and director of the Center for Chinese Strategy at the Hudson Institute.

Kennedy, 9 p.m. ET: Buck Sexton, former intelligence officer with the CIA.

On Fox News Radio:

The Fox News Rundown podcast: "Former DNC Chair Joins Fox" - Donna Brazile, former chairwoman of the Democratic National Committee, has joined the Fox News team, promising civility and an open ear to all debates. The longtime Democratic strategist explains why she made the “bold” decision to join the network. A new study found that taking a daily low-dose aspirin may not be the best way to maintain a strong heart. Fox News contributor Dr. Marc Siegel explains what this means and what we should be doing to stay healthy. Plus, commentary by psychotherapist, Dr. Robi Ludwig Psy.D.

Want the Fox News Rundown sent straight to your mobile device? Subscribe through Apple Podcasts, Google Play, and Stitcher.

The Brian Kilmeade Show, 9 a.m. ET: HUD Secretary Ben Carson on the opioid epidemic; former U.S. Rep. Allen West, R-Fla. on the state of President Trump's national emergency declaration, the 2020 presidential race, and the Mueller investigation; Matt Schlapp, chairman of the American Conservative Union, on Democrats' 2020 presidential candidates; former FBI Director Louis Freeh on the Mueller probe and counterfeit prescription drug investigations; Jack Mitchell on flooding in Nebraska

The Todd Starnes Show, Noon ET: Todd Starnes speaks with U.S. Rep. Doug Collins, R-Ga., about the latest developments in the Mueller investigation and analyses whether there is anti-Christian bias in Silicon Valley with Dr. Michael Brown.

#TheFlashback
2003: President George W. Bush orders the start of war against Iraq. (Because of the time difference, it was early March 20 in Iraq.)
1993: Supreme Court Justice Byron R. White announces plans to retire. (White's departure would pave the way for Ruth Bader Ginsburg to become the court's second female justice.)
1987: Televangelist Jim Bakker resigns as chairman of his PTL ministry organization amid a sex and money scandal involving Jessica Hahn, a former church secretary.

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Have a good day! We'll see you in your inbox first thing Wednesday morning.

Source: Fox News National

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

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