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China says humanitarian aid should not be forced into Venezuela

People wait with their vehicles at a checkpoint set up by Venezuelan security forces in Taguanes, Venezuela
People wait with their vehicles at a checkpoint set up by Venezuelan security forces in Taguanes, Venezuela, February 21, 2019. REUTERS/Andres Martinez Casares

February 22, 2019

BEIJING (Reuters) – Humanitarian aid should not be forced into Venezuela, lest it cause violence, China’s Foreign Ministry said on Friday, warning that Beijing opposed military intervention in the country.

Venezuela President Nicolas Maduro threatened to close the border with Colombia on Thursday as opposition leader Juan Guaido and some 80 lawmakers ran a gauntlet of roadblocks trying to get to the frontier to receive humanitarian aid.

Guaido, who is recognized by dozens of countries as Venezuela’s legitimate head of state, was poised for a showdown with Maduro’s government on Saturday, when the opposition will attempt to bring in food and medicine being stockpiled in neighboring countries.

Maduro denies there is a humanitarian crisis and said on Thursday he was considering closing Venezuela’s key border with Colombia and would close the country’s other main border with Brazil, effectively shutting off any legal land access.

Speaking at a daily news conference, Foreign Ministry spokesman Geng Shuang said that the Venezuelan government had “remained calm and exercised restraint”, effectively preventing large-scale clashes.

“If so-called aid material is forced into Venezuela, and then if it causes violence and clashes, it will have serious consequences. This is not something anyone wants to see,” Geng said.

“China opposes military intervention in Venezuela, and opposes any actions causing tensions or even unrest,” he said.

Maduro retains the backing of both Russia and China.

Beijing has lent more than $50 billion to Venezuela through oil-for-loan agreements over the past decade, securing energy supplies for its fast-growing economy.

A change of government in Venezuela would favor Russia and China, who are the country’s two main foreign creditors, Guaido told Reuters in an interview last month.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Muslim rebel commanders transform into Philippine officials

Some of the fiercest Muslim rebel commanders in the southern Philippines are in Manila to be sworn in as administrators of a new Muslim autonomy region in a delicate milestone to settle one of Asia's longest-raging rebellions.

President Rodrigo Duterte will lead a ceremony Friday to name Moro Islamic Liberation Front leader Murad Embrahim and some of his top commanders as administrators of a transition government for the five-province Bangsamoro region.

About 12,000 combatants are expected to be demobilized starting this year under the peace deal.

The Philippines and Western governments and the guerrillas see Muslim autonomy as an antidote to ease nearly half a century of Muslim secessionist violence, which the Islamic State group could exploit to gain a foothold.

Source: Fox News World

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Goldman Sachs to layoff 98 bank employees in New York

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange
FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/File Photo

April 15, 2019

By Elizabeth Dilts and John McCrank

NEW YORK (Reuters) – Goldman Sachs Group Inc plans to lay off nearly 100 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Monday.

The 98 employees are being let go for “economic” reasons and their final day will be between May 29 and Sept. 28, according to a Worker Adjustment and Retraining Notification that the bank filed with the New York State Department of Labor on Feb. 19.

It was not immediately clear in what division of the bank the employees worked, but they have all been notified about the layoffs, according to a source familiar with the filing.

Goldman Sachs is known for an annual all-staff review in which the bank fires around 5 percent of employees for reasons like missing performance targets. The bank has said that this allows it to make new hires.

The bank employs around 36,000 people worldwide.

Goldman Sachs reported a 13 percent slump in first-quarter revenue earlier on Monday. Declines in trading, underwriting, investment management and investing and lending revenues all contributed to the bank missing analysts’ expectations.

(Reporting by Elizabeth Dilts; Editing by Sonya Hepinstall)

Source: OANN

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U.S. making a mistake politicizing oil: Iran oil minister

FILE PHOTO: Iran's Oil Minister Zanganeh arrives for an OPEC meeting in Vienna
FILE PHOTO: Iran's Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader/File Photo

April 23, 2019

(Reuters) – The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.

“America has made a bad mistake by politicizing oil and using it as a weapon in the fragile state of the market,” Zanganeh said, according to IRNA.

Oil prices on Tuesday hit their highest level since November after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.

Zanganeh added that the United States will not be able to reduce Iran’s oil exports to zero.

“With all our power, we will work toward breaking America’s sanctions,” Zanganeh said in parliament, according to the Iranian Students’ News Agency (ISNA).

The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers, most of them in Asia, to continue importing limited volumes.

(Reporting by Babak Dehghanpisheh in Geneva; editing by Jason Neely and Emelia Sithole-Matarise)

Source: OANN

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Florida driver accused of stopping for man to cross, then hitting him with SUV, arrested

A Florida driver who allegedly stopped to let a pedestrian walk ahead — only to later hit him with his car while crossing — was arrested on Tuesday, according to officials.

Luis Alberto Ferri, 36, surrendered to authorities after the incident was caught on camera last month, the Broward County Sheriff’s Office said in a news release.

Luis Alberto Ferri, 36, was charged after he allegedly hit a pedestrian with his vehicle.

Luis Alberto Ferri, 36, was charged after he allegedly hit a pedestrian with his vehicle. (Broward County Sheriff’s Office)

Surveillance footage of the Feb. 23 incident released last week showed Ferri’s alleged actions, which investigators described as “bizarre, cruel and reckless behavior.”

FLASHBACK: AUTHORITIES SEEKING DRIVER WHO ALLEGEDLY STOPPED FOR PERSON CROSSING, THEN HIT THEM WITH CAR

The video shows Ferri allegedly stopped at a crosswalk in Oakland Park to allow a pedestrian to pass.

But, as the person crossed in front of Ferri, he allegedly “accelerated and turned in the direction of the victim.”

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The incident left the pedestrian with a broken leg, according to the sheriff’s office.

Ferri, who “has a history of arrests in Broward County,” was hit with a slew of charges, including battery, violation of probation, and drug-related offenses.

Source: Fox News National

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German lawmakers ready to block public cash for Deutsche-Commerzbank

FILE PHOTO: FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX in Frankfurt
FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo

April 3, 2019

By John O’Donnell

BERLIN (Reuters) – Lawmakers are warning Germany’s finance minister that they will block any attempt to invest public money into a merged Deutsche Bank and Commerzbank, a deal which could require up to 10 billion euros ($11.2 billion) of fresh capital.

They intend to deliver this message at a closed-door meeting next week with Olaf Scholz, although it is unclear whether the Social Democrat finance minister still plans to attend.

“The merged bank will probably need fresh capital. One thing that we will not stand for is that the state gives more money,” said Bettina Stark-Watzinger, who chairs the Bundestag’s finance committee, emphasizing a hurdle to any deal.

Deutsche Bank’s exploratory merger talks with state-backed Commerzbank come after prodding by Germany’s finance ministry, which is worried about the future of the country’s biggest bank.

A deal would see Berlin become a shareholder in the combined group, which one German official said will need up to 10 billion euros of fresh capital because of restructuring costs and the fact that losses on investments could be triggered by a tie-up.

While German parliamentarians cannot stop the merger itself, they are warning that the Bundestag can block any fresh money to fill a capital shortfall, a crucial pillar to any deal.

“This goes contrary to one of the lessons of the financial crisis – that the taxpayer should not foot the bill for troubled banks,” Stark-Watzinger said.

A spokesman for Scholz, who was the first to publicly reveal the merger talks but has since sought to distance himself from the process, insisting it is up to the banks to decide on their future, declined to comment, as did Deutsche Bank.

“UNTHINKABLE”

Lothar Binding, a leading Social Democrat on the committee, also said the government needed approval from the Bundestag if it wanted to back the merged group with fresh funds.

This would not be triggered if Germany’s 15 percent Commerzbank stake automatically translates into a roughly 5 percent stake in the merged group, but approval is needed if the bank asks investors for fresh money, as expected.

“As things stand, it is unthinkable that the Bundestag would agree,” said Binding. “Any synergies in this deal would come at an immensely high price: huge unemployment. 25,000 to 30,000 jobs could go. I’m against a merger.”

Some conservatives are similarly opposed to the deal.

“We need competition in the banking market, not mega mergers,” said Hans Michelbach, a lawmaker from the Christian Social Union, the Bavarian sister party of Chancellor Angela Merkel’s Christian Democratic Union.

“How on earth can we sell a merger with this bank to our voters? I won’t support it under any circumstances.”

Frustration has been growing in parliament because lawmakers believe Scholz is ignoring their concerns.

Through its stake in Commerzbank, the German government would become a top shareholder in a merged group, playing a central role in any fusion. Lawmakers fear this puts it on the hook to shoulder losses if the bank later runs into trouble.

Berlin could yet pull the plug if it believes a deal would be politically unpalatable.

“This merger is rubbish. It will cost not only jobs but hard cash as well,” said Lisa Paus, a Green party member of parliament, adding that she would reject any government participation in a capital hike.

“It is a running joke in parliament: ‘Where is Scholz?’, she said, adding that his failure to explain the merits of a merger had infuriated many lawmakers. “He doesn’t speak to us.”

(Additional reporting by Tom Sims in Frankfurt; Editing by Alexander Smith)

Source: OANN

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Versum opens books, begins to warm to rival suitor Merck KGaA

FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt
FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo

March 29, 2019

(Reuters) – Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group’s unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris.

“Merck’s proposal could reasonably be expected to result in a superior proposal” Versum cited its board as saying in a statement on Friday.

However, the U.S. firm again urged its shareholders to snub the hostile all-cash bid that Merck launched on Tuesday, adding its support for the tie-up with Entegris was unchanged for now.

The board “has authorized Versum’s management and its advisers to engage in further discussions with, and provide non-public information to, Merck,” the statement added.

Merck welcomed Versum’s move, but kept the pressure up by keeping the deadline and all other terms of its tender offer unchanged, and by urging Versum investors not to back the Entegris deal.

Versum, the former speciality chemicals division of industrial gases group Air Products, has opposed Merck’s bid since it was proposed last month, saying it was committed to the all-share merger with Entegris, agreed in January.

In a meeting between Versum Chairman Seifi Ghasemi and Merck CEO Stefan Oschmann on Thursday – under a limited waiver granted by Entegris – Oschmann hinted at a sweetened bid, Versum said.

“Mr. Oschmann conveyed the possibility that Merck would improve the terms of the offer” after due diligence, Versum said in filings.

Merck did not have an immediate comment on that.

The German group’s tender offer is the first major hostile bid by a German company for a U.S. target since BASF’s 2006 approach for catalytic converter maker Engelhard, which ended up an agreed deal.

The moves by Merck and Entegris are viewed by some analysts as an effort to seize on beaten down stock prices in the volatile semiconductor industry after demand for mobile devices slowed and prices for memory chips sank.

Versum, which makes chemicals for the semiconductor industry, saw its share price drop 27 percent last year.

(Reporting by Ludwig Burger in Frankfurt, Sanjana Shivdas and Tamara Mathias in Bengaluru; Editing by Arun Koyyur and Mark Potter)

Source: OANN

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

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Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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