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State Department bars 16 Saudis from US over role in Khashoggi murder

The U.S. State Department on Monday publicly designated 16 people for their roles in the killing of writer Jamal Khashoggi in the Saudi Consulate in Istanbul in October.

Such designation makes those individuals and immediate family members ineligible for entry into the United States.

Khashoggi wrote critically of Saudi Crown Prince Mohammed bin Salman in columns for The Washington Post before he was killed. After denying any knowledge of Khashoggi's death for weeks, Saudi authorities eventually settled on the explanation that he was killed in an operation masterminded by former advisers to Prince Mohammed. The kingdom denies the crown prince had any involvement.

The list released Monday includes Saud al-Qahtani, a former aide to the crown prince, and Maher Mutreb, who was part of the crown prince's entourage on trips abroad.

The names had already been announced publicly, but Monday's designation tells them their family members are now also at risk of being subject to a travel ban.

Source: Fox News Politics

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North Carolina woman allegedly taken from her home, being ‘held against her will,’ police say

A North Carolina woman is being “held against her will” after she was seen being dragged through her front yard Thursday morning, police said.

Rosalino Duarte-Cruz, 37, is feared to have taken Lauren Hall, 20, from her home “against her will,” the Wilkes County Sheriff’s Office said. Deputies responded to a report of a domestic disturbance at Hall’s home and believe she was dragged through her yard and into a car, according to the Charlotte Observer.

SAN FRANCISCO SEES ‘BROWNOUT’ AMID SPIKE IN PUBLIC POOPING, REPORTS SAY

The two are believed to have been in a relationship before the reported domestic incident.

Duarte-Cruz is wanted for kidnapping and assault, according to FOX 46 Charlotte.

Police said he might be driving a 2016 Chevy Camaro LT with a North Carolina license plate number TPD-8339. Authorities believe he could be in Winston-Salem or Yadkinville.

CLICK HERE TO GET THE FOX NEWS APP

Anyone with information is asked to call the Wilkes County Sheriff’s Office at 336-838-9111.

Source: Fox News National

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Honda to close UK car plant in 2022 with loss of 3,500 jobs: Sky news

FILE PHOTO - A sign is seen at the Honda assembly plant near Swindon, southern England
FILE PHOTO - A sign is seen at the Honda assembly plant near Swindon, southern England January 11, 2013. REUTERS/Eddie Keogh

February 18, 2019

LONDON (Reuters) – Japanese carmaker Honda is set to announce the closure of its Swindon car plant putting 3,500 jobs at risk, Sky News reported on Monday.

Sky News said that the announcement by Honda could come on Tuesday, and that the plant was scheduled to close in 2022.

A spokesman for Honda was not immediately available to comment on the report.

“That’s speculation so we wouldn’t comment on that,” a spokeswoman for Britain’s business ministry said.

(Reporting by Alistair Smout, Costas Pitas and William Schomberg; editing by Guy Faulconbridge)

Source: OANN

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Ex-Barclays bankers jailed in Britain for rigging Euribor

FILE PHOTO: Banker Colin Bermingham leaves Westminster Magistrates court in London
FILE PHOTO: Banker Colin Bermingham leaves Westminster Magistrates court in London, Britain, January 11, 2016. REUTERS/Peter Nicholls/File Photo

April 1, 2019

By Kirstin Ridley

LONDON (Reuters) – Two former Barclays bankers were sentenced on Monday to a total of nine years in jail after they were convicted by a London jury of conspiring to rig the Euribor global interest rate benchmark.

Colin Bermingham, 62, a British former cash market expert and senior rate submitter, was sentenced to five years while Anglo-Italian Carlo Palombo, a 40-year-old former derivatives trader, received a four-year term.

A “devastated” Palombo and his family needed time to come to terms with the decision while considering any appeal, his lawyer John Hartley, of Hodge Jones & Allen, said in an email, while Bermingham’s legal team had no immediate comment.

Bermingham and Palombo had both denied any wrongdoing.

Sisse Bohart, a Danish junior Barclays trader and submitter, 41, was acquitted last week. The three had faced a re-trial after a previous jury was last year unable to reach a verdict.

The men were convicted by a jury at Southwark Crown Court in the sixth rate-rigging prosecution brought by the UK Serious Fraud Office (SFO) after a near seven year criminal investigation. It is the second re-trial after a hung jury, underlining the tricky nature of the financial fraud cases.

Prosecutors alleged the defendants conspired to defraud by dishonestly manipulating Euribor (the euro interbank offered rate) – a benchmark that helps determine rates on an estimated $150 trillion to $180 trillion of financial contracts and loans worldwide – between January 2005 and December 2009.

Eleven banks and brokerages have been fined a total of $9 billion to settle rate-rigging allegations in a global investigation. Barclays paid a $453 million penalty in 2012, sparking a backlash that forced out former CEO Bob Diamond, the British fraud inquiry and an overhaul of rate-setting rules.

The sentences are a welcome fillip for the SFO, which has prosecuted five men and one woman over Euribor rigging to date and secured four convictions, including former Deutsche Bank star trader Christian Bittar and one-time Barclays trader Phillipe Moryoussef in 2018.

“These men deliberately undermined the integrity of the financial system to line their pockets and advance the interests of their employers,” said Lisa Osofsky, the head of the SFO.

“We are committed to tracking down and bringing to justice those who defraud others and abuse the system.”

JAILED

Bittar, one of the world’s best-paid traders who earned more than 57 million pounds ($74 million) over the indictment period, was sentenced to five years and four months after pleading guilty.

Moryoussef, tried in absentia after fleeing to France when Bittar’s plea was made public, was handed an eight-year term. He remains in France.

Prosecutors said that traders cheated counterparties by requesting rates from colleagues that would benefit their trading positions – and that submitters then entered false or misleading numbers by nudging them up or down accordingly.

Brussels-based Euribor, like its Libor (London interbank offered rate) counterpart, is designed to reflect the cost of borrowing between banks and is set after submitters at a panel of major banks report their estimated costs of borrowing over various periods to an administrator, who calculates an average.

Palombo, who joined the bank in his early twenties, said he had been trained by Moryoussef and had thought it “perfectly legitimate practice” to ask submitters for preferential rates until Barclays banned the practice in 2009 as a U.S. inquiry into rate-rigging allegations gathered steam.

Bermingham, who joined Barclays at 18, said he did not believe he had ever submitted a rate that was not justified by real flows of cash in the money market. He said he had not known that Moryoussef sometimes made rate requests on Bittar’s behalf but would have reported this, because Deutsche Bank was a rival.

Nine men have been convicted and 10 acquitted in London over rate-rigging to date. The SFO says other lines of enquiry in the investigation remain open.

(Additional reporting by Lawrence White; Editing by Alexander Smith)

Source: OANN

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Woman sentenced for stealing donations for young burn victim

A 34-year-old Kansas woman who stole charitable donations meant for an 11-year-old burn victim has been sentenced to a year of probation.

KAKE-TV reports Cinthia Davis, of Wellington, was sentenced Tuesday and ordered restitution to the victim's family. Davis was found guilty of felony theft in January.

Prosecutors allege Davis and her husband set up a GoFundMe account to raise money for a Haysville girl who was burned in September 2015. More than $8,000 was raised in less than a month.

But a Haysville police investigator testified during Davis' trial that all the funds were withdrawn and spent within 60 days after the fundraiser ended.

The girl's mother received only a few hundred dollars.

Davis' husband, Martin Kerr, pleaded guilty to theft and was sentenced to probation last year.

___

Information from: KAKE-TV.

Source: Fox News National

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US Backtracks on Sanctions on Iran’s Revolutionary Guards Days After Terror Designation

Earlier, the US formally designated Iran’s Islamic Revolutionary Guard Corps (IRGC) military unit a foreign terrorist organization, with Tehran responding by placing first US Central Command and then the entire US military on its own list of terrorist groups.

The US State Department has waived a ban on US travel to government officials, businessmen, and workers of non-governmental organizations that have dealings with the IRGC, two notices outlined by Secretary of State Mike Pompeo on the Federal Register’s website have indicated.

Specifically, the exceptions allow individuals working with the US in Iraq and Lebanon to also maintain contacts with the IRGC without repercussions. Iran and the US each engage in diplomatic and military efforts in both countries, including in the fight against ISIS and other widely recognized terrorist groups.

Pompeo specified that the travel ban waivers were based in US national security and foreign policy interests.

In one of the two explanatory notes, the secretary of state noted the sanctions wouldn’t apply “to any business, organization, or group, whether public or private, solely based on its provision of material support to any foreign government sub-entity that has been designated as a foreign terrorist organization.” In the other, he indicated that the sanctions wouldn’t apply “to any ministry, department, agency, division or other group or subgroup within any foreign government” unless they were already covered by existing US restrictions.


Greg Reese joins Harrison to speak on the Restart Iran topic.

The exemptions are significant and unusual, because under US law, foreigners believed to have provided “material support” to organizations designated as foreign “terrorist” groups are traditionally banned from entry into the country.

The notices confirm an earlier Reuters report, citing three officials familiar with the matter, which indicated that foreigners working with the IRGC wouldn’t necessarily face US travel restrictions.

The US IRGC ‘terrorist organization’ took effect on April 15, one week after President Trump announced that the US would be making the decision. The controversial move, which contradicts the traditional definition of a terrorist as a non-state actor, was the first time that Washington designated a portion of a foreign state’s military as a ‘terrorist’ group.

News of the exemption also comes amid a report by AP citing anonymous officials, congressional aides and advisors familiar with the matter who said that the administration may allow for loophole workarounds to Iranian oil exports if the White House doesn’t renew import exemptions on Iranian oil once the May 2 deadline granting waivers to countries including China, India, Japan, South Korea and Turkey expires.

(Photo by Gage Skidmore / Wiki)

Officials from China and Turkey have already indicated that they would look for ways to continue imports even if the sanctions waivers are not renewed.

Iranian Foreign Minister Mohammad Javad Zarif said Wednesday that he doesn’t think Trump wants a war with Iran, but warned that he might be ‘goaded’ into one by individuals like National Security Advisor John Bolton or Israeli Prime Minister Benjamin Netanyahu. Accusing the US of pursuing a “very dangerous” policy toward Tehran, Zarif said Trump was wrong if he thought sanctions could get Iran to change course, quipping that Iranians were “allergic to pressure.”

Traditionally poor diplomatic relations between Iran and the US took a turn for the worse in May 2018, after Washington unilaterally withdrew from the 2015 Iran nuclear deal and imposed several rounds of tough sanctions, including oil restrictions meant to drive the country’s energy exports down “to zero.” Tehran has responded by saying it would continue oil exports, and threatened that it would blockade the Strait of Hormuz waterway carrying a fifth of the world’s oil supplies if threatened. The US and Iran have not enjoyed normal diplomatic relations since the Islamic Revolution of 1979.


Owen Shroyer delivers an epic rant about the U.S. soldiers who were disrespected at the southern border by members of the Mexican Army.

Source: InfoWars

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Morant, No. 12 Murray State race past No. 5 Marquette

NCAA Basketball: NCAA Tournament-First Round- Marquette vs Murray State
Mar 21, 2019; Hartford, CT, USA; Marquette Golden Eagles forward Sam Hauser (10) drives against Murray State Racers guard Jaiveon Eaves (14) during the first half in the first round of the 2019 NCAA Tournament at XL Center. Mandatory Credit: David Butler II-USA TODAY Sports

March 21, 2019

Star sophomore point guard Ja Morant had 17 points, 16 assists and 11 rebounds for the first triple-double in NCAA Tournament play since 2012 to help the Racers roll to a convincing 83-64 victory over Marquette on Thursday in West Region play at Hartford, Conn.

Morant dominated the contest from the outset despite taking just nine shots. He recorded his fourth career triple-double as 12th-seeded Murray State (28-4) roughed up the Golden Eagles (24-10). The previous triple-double in NCAA play was achieved by Michigan State’s Draymond Green, who had 24 points, 12 rebounds and 10 assists in a victory over LIU-Brooklyn.

Freshman guard Tevin Brown made five 3-point baskets and scored a team-best 19 points as the Racers won their 12th straight game. Freshman forward KJ Williams had 16 points, and senior guard Shaq Buchanan added 14 for Murray State.

The Racers will face fourth-seeded Florida State on Saturday in the second round.

Junior guard Markus Howard scored 26 points for fifth-seeded Marquette, which lost for the sixth time in the past seven games. Junior forward Sam Hauser recorded 16 points and 10 rebounds.

The Golden Eagles shot just 32.4 percent from the field, including 8 of 31 from 3-point range. Howard was just 9 of 27 from the field and 4 of 14 from long range.

The Racers shot 53.6 percent from the field and were 9 of 18 from behind the arc.

Murray State led by seven at the break and came out strong with seven straight points at the outset of the second half. Morant’s three-point play increased the margin to 49-35 with 18:09 remaining.

After Howard buried a 3-pointer, Morant delivered a thunderous dunk to ensure the Golden Eagles weren’t about to halt the Racers’ momentum.

The lead reached 20 after Brown buried his fifth 3-pointer and Williams scored on a put-back to make it 62-42 with 11:23 remaining.

Buchanan’s layup gave Murray State a 68-46 lead with 8:07 left. Marquette never made a late-game charge.

Brown had 12 points on 4-of-4 3-point shooting, and Morant recorded 10 points and eight assists as Murray State built a 42-35 halftime lead. Howard scored 16 points for Marquette.

The Racers used an early 15-2 burst to open up a 20-10 advantage just more than seven minutes into the contest. The Golden Eagles answered a 14-3 run to take a 24-23 lead on a dunk by freshman forward Brendan Bailey.

–Field Level Media

Source: OANN

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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Spain appears to have stemmed a surge in illegal migration that made it Europe’s main entry point for sea arrivals, after boosting joint efforts with neighboring Morocco to clamp down on the flow.

The country, which holds a national election Sunday, saw nearly 60,000 people reach its shores irregularly in 2018, most from Morocco and West Africa. But sea arrivals have plummeted since February.

While the migrant flow often fluctuates due to weather and other factors, an internal European Union report obtained by The Associated Press suggests intensified efforts to stop the migrants before they’re able to reach European waters are paying off.

The report doesn’t specify what Morocco did to hold back migrants or what it got in return other than “explicit recognition and support” from the Spanish government and the EU’s executive Commission in Brussels.

Source: Fox News World

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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A nationwide teachers’ strike is spurring Poland’s government to hold meetings with educators, parents and experts to discuss ways to improve the country’s public schools.

Teachers’ unions refused to participate in Friday’s talks to protest the government’s refusal to grant pay increases, the unmet demand behind the nearly three-week strike that closed a majority of schools.

The unions have suspended the strike until September to allow for end-of-high-school exams and to give the government time to propose ways to satisfy teachers.

Prime Minister Mateusz Morawiecki said improvements to the education system are urgently need to allow for better salaries and higher quality teaching.

Teachers want a 30% raise to their monthly earnings, which range from 1,800 zlotys to 3,000 zlotys ($470 to $780.)

Source: Fox News World

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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