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Colorado man gets 20 years for brutal knife attack on jogger who survived

A Colorado man was sentenced to 20 years in prison Tuesday after pleading guilty to a brutal stabbing attack on a jogger last May, reports said.

Andrew Michael Young, 19, said he stabbed the woman so hard that he broke the knife, one report said.

“The horrific nature of this crime is overcome by the tremendous bravery exhibited by the survivor in recounting her nightmare to police and standing up to the defendant today in Court,” District Attorney Bruce Brown said in a news release.

MAN REPEATEDLY STABS CUSTOMER, 63, IN BACK AT CALIFORNIA DOUGHNUT SHOP, VIDEO SHOWS

The May 31, 2018, attack happened in Avon, Colo., while the victim was jogging alone on a bike path called the Eagle Valley Trail. Young stabbed her multiple times in the head and torso, the Denver Post reported.

One stab wound went completely through the woman's body and out the other side, Avon Police Chief Greg Daly told the Vail Daily.

The victim was taken to a local hospital, where she underwent surgery to repair her wounds, Fox 31 Denver reported. She survived her injuries.

Young's mother took him to a local doctor to treat the knife wounds to his hands, the Vail Daily reported. It was then Young told the doctor about the assault, Brown told the paper.

CLICK HERE TO GET THE FOX NEWS APP

Young pleaded guilty on Feb. 25 to first-degree assault causing bodily injury, according to the Eagle County District Attorney's Office. But Young did not provide a motive for the stabbing, Fox 31 reported.

Source: Fox News National

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Republicans push easing U.S. Senate rules to help Trump nominations

FILE PHOTO: Storm clouds swirl over the U.S. Capitol building in Washington
FILE PHOTO: Storm clouds swirl over the U.S. Capitol building in Washington, U.S., July 24, 2018. REUTERS/Lucas Jackson/File Photo

March 29, 2019

By Richard Cowan and Lawrence Hurley

WASHINGTON (Reuters) – Republicans in the U.S. Senate will attempt to alter its rules next week in order to accelerate the confirmation of President Donald Trump’s nominees for some judgeships and sub-Cabinet level positions in his administration.

Democrats, who control 47 of the Senate’s 100 seats, have slowed the confirmation of scores of such appointees.

Historically, the Senate has provided more procedural protections for the minority party than in the House of Representatives in the hope of forcing more-reasoned legislating, and fostering compromise.

But both parties over the last several years have complained that the rules were being misused, leading to gridlock.

Before they lost their majority control of the Senate at mid-term elections in 2014, Democrats also took steps to speed up most executive and judicial branch nominations by limiting the influence of the minority party.

Now, Senate Majority Leader Mitch McConnell aims to stage a vote early next week to reduce the time allowed for debating nominations from 30 hours to two hours.

“It would allow the administration, finally, two years into its tenure, to staff numerous important positions that remain unfilled, with nominees who have been languishing,” the Republican leader said on Thursday.

Senate Democratic Leader Chuck Schumer fired back saying, “This is just another step in his (McConnell’s) effort to limit the rights of the minority and cede authority to the administration.”

If the rules change is made, it would apply to district court judges, the lowest rung of the judiciary, and would not affect nominations for vacancies in the Supreme Court and appeals courts.

It would also not apply to cabinet-level executive positions and some independent boards and commissions, McConnell noted.

In 2017, McConnell changed the rules to make it easier to confirm Supreme Court justices by requiring only a simple majority vote in order to overcome Democratic opposition to Trump’s first nominee, Neil Gorsuch.

Initially, McConnell would need the cooperation of Democrats to win the rules change.

An aide to McConnell would not comment on whether Republicans would employ a more partisan parliamentary maneuver to accomplish the change – one that could be done without any Democratic support – if his initial gambit fails.

Despite McConnell’s protests of Democratic intransigence, during the first two years of Trump’s presidency the White House has focused on filling influential appeals court judgeships – nominations that would not be subject to the rules change.

(Click here to see a graphic showing Trump’s appeals court appointments: https://tmsnrt.rs/2Vxf9tL)

Trump, a Republican, has so far won confirmation of 37 appeals court judges in little over two years, including seven in the last month. By comparison, Democratic President Barack Obama appointed 55 appeals court judges in the entire eight years he was in office. He appointed 16 in his first two years, compared with Trump’s 30.

For district court nominees, the lowest rung in the judiciary, Trump has appointed 53 during his first two years in office, while Obama won 44 at the same point in his presidency.

Trump has also installed two Supreme Court justices, as did Obama in his first two years in office.

McConnell enraged Democrats in 2016 when he refused to hold confirmation hearings or a vote on Obama’s choice of Merrick Garland to replace the late Antonin Scalia on the Supreme Court.

At the time, McConnell said that choice should be made by the winner of the November 2016 presidential election, which turned out to be Trump.

(Reporting by Richard Cowan and Lawrence Hurley; Editing by Phil Berlowitz)

Source: OANN

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Beto O'Rourke, in NH, predicts he could take Texas in the general election

KEENE, N.H. -- Beto O’Rourke predicts that if he wins the 2020 Democratic presidential nomination, he’ll take his native state of Texas in the general election.

The former congressman from El Paso also said he would “absolutely” support his campaign staff if they wanted to unionize. He also would consider lowering the federal voting age to 16, scrapping the Electoral College, increasing the number of justices on the Supreme Court, and eliminating the filibuster in the Senate.

WHERE BETO O'ROURKE STANDS IN THE LATEST 2020 POLL

Speaking with reporters after holding his first event in New Hampshire as a presidential candidate, O’Rourke said, "Yes I think we can win Texas. I think we’ve proven we know how to campaign. We’ve been to each one of those 254 counties. We’ve listened to the stories our fellow Texans have told us. We’ve incorporated it in the way in which we campaign.”

In his U.S. Senate run last year, O'Rourke raised $80 million in contributions and nearly defeated incumbent Sen. Ted Cruz, R-Texas, in the midterm elections. O'Rourke's campaign boosted him to Democratic Party rock-star status and launched him toward his White House bid.

Winning Texas and its 38 electoral votes would be a major coup for the Democrats. The last Democrat to take the state in a presidential election was Jimmy Carter in 1976. Republican President Donald Trump won Texas in 2016 but by a smaller margin than GOP nominee Mitt Romney in 2012.

BETO O'ROURKE'S ROLL OUT: BIG BUCKS BUT SOME STUMBLES

O’Rourke arrived in New Hampshire – the state that will hold the first presidential primary, after an eight-and-a-half-hour drive in his Dodge Caravan from State College, Pa., the home of Pennsylvania State University. He spoke and took questions from a couple of hundred people who had waited at least two hours at Keene State College. The stop was O’Rourke’s first in a 48-hour swing in which he said he would visit all 10 of New Hampshire’s counties.

Asked about lowering the voting age to 16, O’Rourke said “I’m open to the idea of a younger voting age. ... There’s some merit to it.”

And he said he would “seriously consider” scrapping the Senate’s filibuster -- a generations-old tactic for preventing a measure from coming to a vote – as well as the Electoral College and increasing the number of justices on the high court.

“We have to look at some of these institutional reforms, whether it’s the Supreme Court, the Electoral College, the filibuster in the Senate. We’ve got to get democracy and our institutions working again,” he said.

Scrapping the Electoral College -- an idea that some of O’Rourke’s Democratic rivals also support -- is an unpopular idea in New Hampshire, a small state that sees plenty of traffic in the presidential general election thanks to its status as a battleground state.

O’Rourke arrived in the Granite State one day after independent Sen. Bernie Sanders of Vermont – one of the front-runners in the 2020 Democratic field – became the first presidential candidate to unionize his campaign staff.

Asked by Fox News if he would do likewise, O’Rourke said: “Absolutely. If those who work on this campaign and who comprise what I hope will be the largest grassroots effort this nation has ever seen, want to unionize, I support that all the way.”

During a question-and-answer session with the crowd, O’Rourke was asked about accepting large sums of contributions from pro-Israeli lobbyists during his 2018 Senate campaign.

“If you’re asking if the contributions I accept connect to the policies I support, the answer is no,” he responded.

O’Rourke once again called for a “two-state solution” between Israel and the Palestinians to achieve peace in the Middle East.

“I believe in peace and dignity and full human rights for the Palestinian people and the Israeli people. The only way to achieve that … is a two-state solution,” he said.

But he also took aim at embattled Israeli leader Benjamin Netanyahu – a close ally of Trump – as well as Palestinian leader Mahmoud Abbas.

“Right now we don’t have the best negotiating partners on either side. We have a prime minister in Israel who has openly sided with racists,” he charged. “On the Palestinian side, we have an ineffectual leader. Mahmoud Abbas has not been very effective in bringing his side to the table.”

O'Rourke was also asked about his commitment to reducing America’s consumption of fossil fuels.

“I support the Green New Deal. Yes, I understand that as close to 2030 as we possibly can, we have to have this economy and this country fully transitioned off a reliance on fossil fuels,” he said.

But he added that “I also drove here in a Dodge Caravan that burns gasoline. ... We also have to acknowledge that we’re still using these fossil fuels right now, so there’s got to be a responsible transition.”

'Collision course with everyday Americans'

The Republican National Committee took aim at O'Rourke.

"By embracing the Green New Deal, calling for an end to the Electoral College and supporting late-term abortions, Beto O’Rourke is on a collision course with everyday Americans who will reject his extremist views that offer no substance or solution," the RNC's Mandi Merritt said.

O’Rourke declared his candidacy last Thursday, and immediately drew throngs of media and large crowds during a three-day swing through Iowa, the state that votes first in the presidential caucus.

The day before he arrived in New Hampshire, O’Rourke announced that he hauled in an eye-popping $6.1 million in his first 24 hours as a candidate, the most yet by any 2020 Democratic White House hopeful.

O’Rourke told Fox News that he would release updated campaign cash figures on Wednesday morning.

Carol Beckwith, a resident of nearby Fitzwilliam, N.H., told Fox News that "Beto-mania" is “coming our way.

"We haven’t had much exposure to it really, compared to other people," she said, adding that she remained undecided on whom she’ll vote for in next February’s primary.

"I want the best person for the job," she said.

But Russ Provost of Richmond, N.H., is already sold on O’Rourke, saying he’s already contributed to the Texan's campaign.

“I watched him on TV a number of times," Provost said. "I liked his style. I want someone young. I want someone under 60 to take over the reins of this country. I don’t want older people running it anymore.

“If he could take Texas and just win the same states Hillary won, he wins."

Source: Fox News Politics

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Australia’s former foreign minister Bishop to retire from parliament

Australian Minister for Foreign Affairs Julie Bishop arrives for a party meeting in Canberra
FILE PHOTO - Australian Minister for Foreign Affairs Julie Bishop arrives for a party meeting in Canberra, Australia August 24, 2018. REUTERS/David Gray/Pool

February 21, 2019

SYDNEY (Reuters) – Australia’s former foreign minister, Julie Bishop, will retire from politics at the next election, she said on Thursday.

Australians will return to the polls by May. Bishop, a former deputy leader of the ruling Liberal Party, was foreign minister from September 2013 to August 2018.

(Reporting by Colin Packham; Editing by Clarence Fernandez)

Source: OANN

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Brazil homebuilders slide as minister raises fears over housing scheme

Gustavo Canuto, incoming Regional Development minister of Brazil's President-elect Jair Bolsonaro, leaves the transition government building in Brasilia
FILE PHOTO: Gustavo Canuto, incoming Regional Development minister of Brazil's President-elect Jair Bolsonaro, leaves the transition government building in Brasilia, Brazil November 28, 2018. REUTERS/Adriano Machado

April 24, 2019

SAO PAULO (Reuters) – Shares in Brazilian builders of low-income housing fell on Wednesday after Regional Development Minister Gustavo Canuto said the government’s housing subsidy program would likely run out of funding by June.

Canuto said there had been budget to run until October but due to government spending cuts the money was set to run out in two months.

“As of June, if there is no extension, we will not be able to carry out (the program),” said Canuto during a public hearing at the lower house of congress.

His comments hit the shares of low-income homebuilders such as MRV, the largest in Latin America, which ended 3 percent down at 14.31 reais. Rival Tenda declined 0.9 percent, and Direcional fell 2.1 percent.

MRV’s co-Chief Executive Officer Rafael Menin told Reuters that industry representatives had discussed the housing program with the minister. Menin said he was confident it would continue, as tax income from the scheme outweighed the subsidies.

“The conversation was good. There is clarity from Canuto’s part regarding the sustainability of the housing program,” said Menin.

(Reporting by Gabriela Mello, Editing by Rosalba O’Brien)

Source: OANN

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UK condemns U.S. application of Cuba sanctions to foreign companies

A U.S. flag is seen on a bicycle taxi, in Havana
A U.S. flag is seen on a bicycle taxi, in Havana, Cuba April 17, 2019. REUTERS/Fernando Medina

April 18, 2019

LONDON (Reuters) – Britain said it was concerned by new attempts by the United States to require foreign companies to abide by U.S. sanctions on Cuba that have been rejected by Britain and other European countries.

“The extraterritorial application of … sanctions, which we consider to be illegal under international law, threaten to harm UK and EU companies doing legitimate business in Cuba by exposing them to liability in U.S. courts,” Britain’s foreign office said in a statement on Thursday.

“We will work alongside the EU to protect the interests of our companies,” the statement added.

On Wednesday, Washington imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up pressure on Havana to end its support for Venezuela’s socialist president, Nicolas Maduro.

(Reporting by David Milliken; Editing by William Schomberg)

Source: OANN

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Rep. Khanna: Too Soon to Decide on Trump Impeachment

It is too soon to decide whether impeachment proceedings should be launched against President Donald Trump, despite House Speaker Nancy Pelosi's contention he is "not worth" the effort, Rep. Ro Khanna, R-Calif., said Wednesday.

"I think we have to wait for the [Robert] Mueller report, look at what the facts are," Rep. Khanna told CNN's "New Day." "We have to wait for the Southern  District of New York investigation . . . the committees' investigations, and consult with constitutional law experts and others and make a deliberate decision. I don't think it's fair to say one way or the other before the process has played out."

There are several freshman lawmakers who want to push for impeachment, despite Pelosi's statements, and Khanna said he considers Congress to be like being on a jury.

"How can you make a verdict or a decision before hearing all the arguments and hearing the closing statements?" Khanna said. "I would say wait. The fairer we are in the process, the more confidence the American people will have, regardless of their political persuasion."

Khanna, who co-chairs Sen. Bernie Sanders' 2020 presidential campaign, also Wednesday discussed the speculation over whether former Vice President Joe Biden or former Texas Democratic Rep. Beto O'Rourke will join the race, saying Sanders is focused on his message of ending unconstitutional wars and helping bridge the U.S. income and wealth gap.

"I think the more candidates the better," he said. "It will be a great debate."

Source: NewsMax Politics

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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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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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