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BOOKER: Releasing illegals into sanctuary cities would make US ‘less safe’

Democratic presidential candidate Cory Booker admitted on Sunday that Americans would be “less safe” if illegal aliens from detention centers were released into cities across the country.

During an interview on CBS’ “Face The Nation,” the New Jersey Democrat was asked about President Donald Trump’s administration considering releasing apprehended migrants into sanctuary cities that are controlled by liberal lawmakers.

When asked by host Margaret Brennan if Trump’s “threat” was serious, Booker responded: “You say ‘friction’ — I say he’s trying to pit Americans against each other and make us less safe.”

“If he was looking to solve a problem, he wouldn’t be doing things to divide this country against itself,” he added.

Booker continued, “Beware of anybody that’s trying to tell you to be afraid in the strongest country in the world, as opposed to showing our strength and our courage by pulling people together to find common sense solutions to solve this problem.”

Booker conceding that releasing illegal aliens into the country came after reports surfaced last week that the White House had discussed with the Department of Homeland Security a plan to release migrants into Democratic-controlled, undocumented-friendly sanctuary cities.

Trump took to Twitter on Friday and said he was “giving strong considerations” to the idea.

“Due to the fact that Democrats are unwilling to change our very dangerous immigration laws, we are indeed, as reported, giving strong considerations to placing Illegal Immigrants in Sanctuary Cities only,” Trump wrote.

He added in a second tweet: “The Radical Left always seems to have an Open Borders, Open Arms policy – so this should make them very happy!”

Booker isn’t the only top Democrat who lashed out at the idea of illegal aliens being shipped to their district.

In response to reports that Trump specifically mentioned sending migrants to her San Francisco district, House Speaker Nancy Pelosi was not happy about the idea.

“The extent of this Administration’s cynicism and cruelty cannot be overstated,” said Ashley Etienne, Pelosi’s spokesperson in a statement. “Using human beings—including little children—as pawns in their warped game to perpetuate fear and demonize immigrants is despicable, and in some cases, criminal.”

Like Booker, Pelosi’s aide went on to cite safety concerns.

“The American people have resoundingly rejected this Administration’s toxic anti-immigrant policies, and Democrats will continue to advance immigration policies that keep us safe and honor our values,” Etienne added.

Source: InfoWars

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Asian shares up after Nasdaq, S&P 500 hit record highs

A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing
FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13, 2019. REUTERS/Stringer

April 24, 2019

By Andrew Galbraith

SHANGHAI (Reuters) – Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust results from Coca-Cola, Twitter, United Technologies and Lockheed Martin.

The Dow Jones Industrial Average rose 0.52 percent to 26,647.97, the S&P 500 gained 0.91 percent to 2,934.31 and the Nasdaq Composite added 1.35 percent to 8,123.25.

On Wednesday morning, S&P 500 e-mini stock futures were up 0.03 percent at 2,938.75, just short of a record high of 2,944.75 on October 3.

Australian shares gained 0.6 percent, while Japan’s Nikkei stock index was 0.3 percent higher. Seoul’s Kospi was up 0.1 percent.

Analyst said that alongside better-than-feared corporate earnings, a more supportive policy environment is helping to boost risk appetites.

“The Fed has been joined in its dovish tilt by major central banks across the globe … the tilt globally reflects genuine concern not to allow individual countries and the globe to tip into recession. That risk has receded,” Greg McKenna, strategist at McKenna Macro in Australia, said in a note to clients.

Equity market gains had been bolstered on Tuesday by rising energy shares after Brent crude, the global benchmark, hit its highest level since Nov. 1.

Oil prices had surged after the United States ended six months of waivers that allowed Iran’s eight biggest buyers, most of them in Asia, to continue importing limited volumes of Iranian oil.

Gulf OPEC members said that rather than offset any shortfall resulting from the U.S. decision on waivers, they would raise output only if there was demand.

But early on Wednesday, Brent had given up some gains, trading down 0.54 percent at $74.11 per barrel. U.S. crude dipped 0.54 to $65.94 a barrel.

U.S. Treasury yields ticked lower. Benchmark 10-year Treasury notes yielded 2.5686 percent compared with a U.S. close of 2.57 percent on Tuesday, while the two-year yield, slipped to 2.3516 percent, compared with a U.S. close of 2.364 percent.

The U.S. dollar index, which tracks the greenback against a basket of six major rivals, eased 0.03 percent to 97.606. The dollar was down 0.04 percent against the yen to 111.82.

The euro edged 0.08 percent lower to buy $1.1216.

Spot gold fell about 0.1 percent to $1,271.07 per ounce.

(Reporting by Andrew Galbraith; Editing by Richard Borsuk)

Source: OANN

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Warren urges House to begin impeachment proceedings on heels of Mueller report

Sen. Elizabeth Warren, D-Mass., on Friday urged Congress to begin impeachment proceedings against President Trump, suggesting that the newly released Mueller report had laid out the groundwork for Congress to act.

In a series of tweets, the presidential hopeful cited the report as evidence of obstruction of justice and collusion, adding that Special Counsel Robert Mueller had “put the next step in the hands of Congress.”

That next step? She says it's impeachment.

“The Mueller report lays out facts showing that a hostile foreign government attacked our 2016 election to help Donald Trump and Donald Trump welcomed that help,” she said in one tweet. “Once elected, Donald Trump obstructed the investigation into that attack.”

Warren went on to cite the report, which was released in full, with redactions, on Thursday. In it, Mueller says that “Congress has the authority to prohibit a president’s corrupt use of his authority.”

ROMNEY SAYS MUELLER REPORT LEFT HIM ‘SICKENED AT THE EXTENT AND PERVASIVENESS OF DISHONESTY AND MISDIRECTION’

“The correct process for exercising that authority is impeachment,” she declared.

Mueller’s report was released into Washington’s partisan scrum Thursday morning. It showed investigators did not find evidence of collusion between the 2016 Trump presidential campaign and Russia – a conclusion reiterated by Attorney General Bill Barr last month and again in the run-up to the document release.

But the report did lay out an array of actions taken by the president that were examined as part of the investigation’s obstruction inquiry.

Democrats continue to insist that Barr’s summary last month misled the American people, and that the fuller report, even with its multitude of redactions, told a very different story.

The chairman of the House Intelligence Committee, Rep. Adam Schiff, D-Calif., slammed Barr for what he said was an attempt “to put a positive spin for the president on the special counsel's findings.”

“If the special counsel, as he made clear, had found evidence exonerating the president, he would have said so. He did not. He left that issue to the Congress of the United States, and we will need to consider it,” Schiff said at a press conference Thursday.

Warren went a step further on Friday with her insistence that congressmen “do their constitutional duty.”

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“That means the House should initiate impeachment proceedings against the President of the United States.”

She feared that ignoring a president’s “repeated efforts to obstruct” justice would inflict “lasting damage” on American politics.

Fox News’ Brooke Singman contributed to this report.

Source: Fox News Politics

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Mozambique starts three days of mourning after cyclone kills hundreds

Drone footage shows destruction after Cyclone Idai in the settlement of Praia Nova, which sits on the edge of Beira
Drone footage shows destruction after Cyclone Idai in the settlement of Praia Nova, which sits on the edge of Beira, Mozambique, March 18, 2019 in this still image taken from a social media video on March 19, 2019. International Federation Of Red Cross And Red Crescent Societies via REUTERS

March 20, 2019

MAPUTO/HARARE (Reuters) – Mozambique started three days of national mourning on Wednesday after powerful cyclone winds and flooding killed hundreds of people and left a massive trail of destruction across swathes of southeast Africa.

Cylone Idai, which hit Mozambique’s port city of Beira on Thursday before moving inland, brought winds of up to 170 kph (105 mph) which flattened buildings and put the lives of millions of people at risk.

Mozambique’s President Filipe Nyusi said in a televised statement on Tuesday that the cyclone had killed more than 200 people in Mozambique but that more bodies were still being discovered.

In neighboring Zimbabwe, the official death count stands at 98 but is likely to grow as hundreds are still missing.

Rescue crews are still struggling to reach victims, while aid groups say many survivors are trapped in remote areas, surrounded by wrecked roads and submerged villages.

“Challenges remain in terms of the search and rescue of thousands of people, including children,” UNICEF said. It estimated that 260,000 children were at risk in Mozambique. The Red Cross has said at least 400,000 people have been made homeless in central Mozambique alone.

Beira, a low-lying coastal city of 500,000 people, is home to Mozambique’s second-largest port and serves as a gateway to landlocked countries in the region.

Local media reported that there were food and fuel shortages in central Mozambique because Beira was cut off by road.

In eastern Zimbabwe grieving families are rushing to bury their dead because the cyclone has knocked out power supplies and stopped mortuaries from functioning. Zimbabwe’s Grain Millers Association said 100 trucks carrying wheat destined for Zimbabwe were stuck in Beira.

The European Union announced on Tuesday an initial emergency aid package of 3.5 million euros ($3.97 million) to Mozambique, Malawi and Zimbabwe for emergency shelters, hygiene, sanitation and health care. Britain has also pledged aid.

(Reporting by Manuel Mucari and MacDonald Dzirutwe; Additional reporting by Catarina Demony; Writing by Alexander Winning; Editing by Andrew Heavens)

Source: OANN

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Justices Reject Foreign Company Appeal Over Mueller Subpoena

The Supreme Court is rejecting an appeal from a company owned by an unidentified foreign government that has refused to turn over information demanded by special counsel Robert Mueller's investigation.

The justices didn't comment Monday in turning away the company, which is racking up a fine of $50,000 a day for not complying with the grand jury subpoena for documents.

Mueller turned over his report to Attorney General William Barr on Friday, but the status of the grand jury is unclear.

Fines have been accruing since Jan. 15 and could total nearly $3.5 million. New daily fines stop once the grand jury is discharged.

Mueller found no evidence President Donald Trump's campaign "conspired or coordinated" with Russia to influence the 2016 presidential election but reached no conclusion on whether Trump obstructed justice. Trump claims vindication.

Source: NewsMax Politics

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India delays May order for Iran oil, awaits clarity on sanctions waiver: sources

Oil tankers pass through the Strait of Hormuz
Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed

April 9, 2019

By Nidhi Verma

NEW DELHI (Reuters) – Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from U.S. sanctions against the OPEC-member, four sources said.

In November, U.S. President Donald Trump withdrew from the 2015 Iran nuclear deal and re-imposed broad economic sanctions.

Washington, however, gave a six-month waiver to eight nations including India, allowing them to import some Iranian oil until early May. India, Iran’s top oil client after China, was allowed to buy about 9 million barrels a month.

India hopes to get clarity in seven to 10 days on any extension of the waiver, as well as the amount of oil that could be purchased if an extension is given, the sources said.

“We don’t know about U.S. thinking, whether they will allow India to buy oil or not,” said one of the sources, all of whom declined to be named due to the sensitivity of the issue.

Under the current waiver, India can buy about 300,000 bpd of Iranian oil – about half the amount before the sanctions were imposed – and New Delhi wants to keep buying Iranian oil at that level, Indian sources said last month.

Since November only state-run Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum and Mangalore Refinery and Petrochemicals have been buying Iranian oil.

State-refiners and India’s oil ministry did not respond to Reuters request for comments.

Brian Hook, the special U.S. envoy for Iran, in March said Washington is pursuing its plan to bring Iranian crude exports to zero. Last week Hook said three of eight importers granted waivers by Washington have cut shipments to zero.

“Sanctions against IRGC (Islamic Revolutionary Guard Corps) have also added to the uncertainty over supply of Iranian oil … in the current scenario when enough alternatives are available it is better to wait for a clarity,” said another of the sources.

Trump on Monday designated Iran’s Guards a foreign terrorist organization. Iran’s president Rouhani said Tehran will resist U.S. pressure and hailed IRGC as defenders of Iranians.

(Reporting by Nidhi Verma; editing by Richard Pullin)

Source: OANN

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Factbox: Incoming Japanese emperor’s life filled with breaks from tradition

FILE PHOTO: Japan's Crown Prince Naruhito and Crown Princess Masako appear before well-wishers as they celebrate the emperor's 74th birthday in Tokyo
FILE PHOTO: Japan's Crown Prince Naruhito and his wife, Crown Princess Masako, appear before well-wishers through bulletproof glass as they celebrate Emperor Akihito's 74th birthday at the Imperial Palace in Tokyo, Japan December 23, 2007. REUTERS/Issei Kato/File Photo

April 22, 2019

By Elaine Lies

TOKYO (Reuters) – Crown Prince Naruhito, set to become Japan’s emperor on May 1, is known as an earnest, studious man who wooed and won his ex-diplomat wife, Crown Princess Masako, with a pledge to protect her.

Naruhito, 59, will not only be the first Japanese emperor born after World War Two and the first to be raised solely by his parents, but also the first to graduate from a university and pursue advanced studies overseas.

He will assume the throne after his father, Emperor Akihito, abdicates on April 30, the first Japanese emperor to do so in nearly 200 years.

“When I think of what is coming up, I feel very solemn,” Naruhito said at his birthday news conference in February.

SELFIES WITH BYSTANDERS

Naruhito, the eldest of three children, was cared for by his mother, Empress Michiko, instead of being raised by wet nurses and tutors. She even sent him to school with homemade lunches as part of parental efforts to make the royal family seem closer to the people.

A student of medieval European river transport, Naruhito spent two years at Oxford University, a time he has described as some of the best years of his life.

Described by some as having a “playful” side, Naruhito posed for selfies with bystanders while visiting Denmark several years ago.

FAMILY DEVOTION

Naruhito defied palace officials to marry Masako Owada, now 55, after she caught his eye at a concert, prompting a years-long courtship during which she rejected his early proposals.

In late 2003, about a decade after their wedding, she largely disappeared from public view, the start of a long struggle with what palace officials termed an “adjustment disorder” brought on by the strains of palace life and demands she bear a male heir. In recent years her public appearances have increased.

At one point, Naruhito shocked the nation with his passionate defense of his wife, saying she had “totally exhausted herself” trying to adjust and that there had been moves to “negate her career and her personality.” His blunt remarks drew a rebuke from his younger brother and sorrowful remarks from the emperor.

Unique in becoming the first Japanese emperor in modern times to not to have a son, Naruhito has been devoted to his daughter Aiko, now 17, and has advocated for men becoming more hands-on fathers – still uncommon in conservative Japan.

WORTHY CAUSES

Naruhito, who espouses environmental causes, has taken part in international conferences on clean water and in 2015 made remarks at a U.N.-linked advisory board on water and sanitation. He has implied that he could work on climate change as well.

Masako has repeatedly said she is concerned about children in difficult situations, including those who are abused or live in poverty in Japan.

“When I think to the days ahead, I don’t know how useful I can be,” she said in remarks released on her birthday in 2018. “But after being by the sides of their majesties for all these years, and looking forward to their future guidance, I will make as much effort as possible to assist the crown prince and work for the happiness of the nation.”

(Reporting and writing by Elaine Lies; Editing by Malcolm Foster and Gerry Doyle)

Source: OANN

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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)

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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

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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