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Israel’s Wix.com fourth-quarter profit up, sees 25 revenue growth in 2019

The logo of website-designer firm Wix.com is seen at a high-tech park in Beersheba
The logo of website-designer firm Wix.com is seen at a high-tech park in Beersheba, southern Israel August 28, 2017. REUTERS/Amir Cohen

February 20, 2019

By Tova Cohen

TEL AVIV (Reuters) – Wix.com, which helps small businesses build and operate websites, posted higher-than-expected fourth-quarter profit and forecast a 25 percent rise in revenue in 2019.

It reported on Wednesday a net profit of 42 cents per share excluding one-time items, up from 16 cents a year earlier. Revenue grew 39 percent to $164 million.

Analysts had forecast adjusted profit of 33 cents a share on revenue of $162 million, I/B/E/S data from Refinitiv showed.

Israel-based Wix offers free basic features for setting up websites but users must pay for extra services such as shopping carts, individual web addresses and site traffic analysis.

The company has 142 million registered users. During the quarter it added 147,000 paid users to reach 4 million premium customers, up 24 percent from the end of 2017.

Wix projects 2019 revenue of $755-$761 million, up 25-26 percent from 2018. Analysts were forecasting revenue of $761 million.

Chief Financial Officer Lior Shemesh said Wix expects to generate free cash flow of about $155 million, from which it will use $15-$20 million for new growth initiatives.

“If there will be upside from those investments it’s not part of our guidance. Potentially there’s an upside,” he told Reuters, noting 2018 was a record year for product launches.

The company has seen strong demand for its paid set of tools Ascend, which was launched in December and allows businesses to connect with and manage customers.

President Nir Zohar said Wix’s main competitor is Squarespace, a private New York-based firm. There has been some recent M&A activity in the sector, with the $2 billion acquisition of Web.com by Siris Capital and Square Inc’s $365 million purchase of Weebly.

For the first quarter Wix, whose shares have jumped nearly 70 percent in the past year, estimates revenue of $172-$173 million, up 25-26 percent from a year earlier.

(Reporting by Tova Cohen; editing by Steven Scheer and Jason Neely)

Source: OANN

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We need to protect the border, we need to stop drugs from stumbling upon the border

Trump: We need to protect the border, we need to stop drugs from coming across the border Jan. 03, 2019 – 8:04 – President Trump, border patrol experts address the press in the White House briefing room. Watch the latest video at foxnews.com I want a wall on our southern border and so does the […]

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Chuck Grassley: Trump’s Comments on Wind Energy ‘Idiotic’

President Donald Trump’s remark that noise from wind turbines can cause cancer is “idiotic,” Sen. Chuck Grassley, R-Iowa, said Wednesday, reports the Des Moines Register.

"I’m told that the White House respects my views on a lot of issues," Grassley said during a call with reporters. "[Trump's] comments on wind energy — not only as a president but when he was a candidate — were, first of all, idiotic, and it didn’t show much respect for Chuck Grassley as the grandfather of the wind energy tax credit."

Trump made his comments during a National Republican Congressional Committee dinner Tuesday night.

“Hillary wanted to put up wind,” Trump said. “Wind. If you — if you have a windmill anywhere near your house, congratulations: your house just went down 75 percent in value. And they say the noise causes cancer. You tell me that one, okay? Rrrr rrrr—you know the thing makes the—it’s so noisy.”

“And of course it’s like a graveyard for birds,” he added. “If you love birds, you’d never want to walk under a windmill because it’s a very sad, sad sight. It’s like a cemetery. We put a little — we put a little statue for the poor birds. It’s true. You know in California, if you shoot a bald eagle, they put you in jail for five years. And yet the windmills wipe em all out. It’s true. They wipe em out. It’s terrible.”

Source: NewsMax Politics

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Youngest captain, loving son: Ethiopian pilots honored in death

A relative carries a portrait photograph of Ethiopian Airlines pilot Yared Getachew as he mourns at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu
A relative carries a portrait photograph of Ethiopian Airlines pilot Yared Getachew as he mourns at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu, near Addis Ababa, Ethiopia March 14, 2019. REUTERS/Tiksa Negeri

March 20, 2019

By Maggie Fick

ADDIS ABABA (Reuters) – The dreams of the two young men soared as high as the Ethiopian Airlines planes they proudly flew.

Handsome, cosmopolitan Yared Getachew was to marry another plane captain this year. Studious, serious Ahmednur Mohammed rented his first apartment with his maiden paycheck in February.

Their lives, along with 155 others, ended when Ethiopian Airlines Flight 302 plunged into a field moments after take-off in a still unexplained disaster.

Yared, 29, was captain; Ahmednur, 25, his first officer.

Yared was a popular and brilliant student who became the airline’s youngest ever captain at 27, said his father Getachew Tessema, a retired plastic surgeon and dentist.

He spoke to Reuters after a ceremony at the Kenyan embassy in Addis Ababa to honor the 32 Kenyan victims from the crash. Yared’s mother was Kenyan, making him a citizen of two nations.

“I’m very bitter,” 80-year-old Getachew said, sitting hunched with his head in his hand as he reflected on Yared’s shattered marriage plans.

“At least if he had had a child,” he trailed off painfully as friends nodded in understanding.

Yared’s brother Meno Getachew Tessema, 39, sat next to his father, sometimes putting an arm around him as the ceremony progressed. Yared visited Meno’s family in Toronto when the young pilot came to train on flight simulators in Miami twice in the past two years.

By the time of the crash, Yared had amassed 8,100 hours of flying experience, the airline said, unusual at his age but no surprise to the family. They remembered him as a committed student who shone at school as a child in his mother’s native Kenya and as a teenager in his father’s home country Ethiopia.

He went straight into Ethiopian Airlines’ Aviation Academy after high school. “His dream was to be a pilot,” said Meno, a corporate lawyer. “He was diligent, hardworking, he had a consistent work ethic … he was a rising star of Ethiopian Airlines.”

ARCHITECT TURNED PILOT

Sitting next to Yared in the cockpit on March 10 was Ahmednur Mohammed.

While the pair’s professionalism has been lauded, air safety experts fear they – and pilots in a similar crash in Indonesia in October – may not have been sufficiently versed in a new automated anti-stall system in the Boeing 737 MAX series.

The middle of three sons of a small business owner, friends from the sleepy eastern city of Dire Dawa remember Ahmednur as unusually driven to study when others would spend afternoons relaxing in the shade, chewing the narcotic leaf qat.

He spent five years at college studying his first love – architecture – where he earned the nickname 5-10 for his legendary 17-hour library stints, and received gentle ribbing for the neatness of his room.

Even as a student, Ahmednur’s skill earned him some small interior design commissions, friends said.

But the dutiful son feared he would not be able to make enough money as an architect to help his family, said his father Mohammed Omar, a white-haired 60-year-old in a carefully pressed worn suit.

So he switched to aviation school and completed two years of training. After school hours, he would visit a friend whose brother was a pilot and sit in the living room, running through cockpit checklists and motions on the couch, the friend said. He graduated with a commercial pilot’s license, the airline said.

“He would call me every three days. He would talk about his plans, he said that he was going to help his family,” his father told Reuters after Islamic prayers in Ahmednur’s memory at a relative’s house on the outskirts of Addis Ababa.

Last Friday, mosques in both the capital and Dire Dawa held prayers for Ahmednur, the family said.

After a few months rest, he began working for Ethiopian Airlines, visiting other nations — Israel, South Africa, Burkina Faso — and earning his first salary.

He adored it, said his brother Menur Mohammed.

Ahmednur amassed 350 flying hours and had just started living alone for the first time when the family heard his plane had gone down.

“It took us long to believe he was dead,” his cousin Imran Mohammed, 30, told Reuters.

“He was so excited to live on his own.”

The family wants the airline or government to build a bridge or a school, something tangible to commemorate Ahmednur: pilot, architect, son. “We want to see something in his name, to remember him,” his father said softly.

(Writing by Katharine Houreld; Editing by Andrew Cawthorne)

Source: OANN

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Blue Jays release reliever Axford

MLB: Spring Training-Toronto Blue Jays at Tampa Bay Rays
Mar 7, 2019; Port Charlotte, FL, USA; Toronto Blue Jays pitcher John Axford (77) throws a pitch during the fourth inning against the Tampa Bay Rays at Charlotte Sports Park. Mandatory Credit: Kim Klement-USA TODAY Sports

March 24, 2019

Reliever John Axford has been released from his minor-league deal with the Toronto Blue Jays, the team announced on Saturday.

The move comes on the heels of Axford being diagnosed with a stress reaction in his right (throwing) elbow two days earlier.

Axford, 35, was with Toronto for part of last season but was traded to the Los Angeles Dodgers in July.

A 10-year veteran, Axford has pitched for eight teams and logged a 38-34 record with 144 saves and a 3.87 ERA.

Axford, who is Canadian, was 4-1 with 50 strikeouts over 51 innings in his stint with Toronto last season.

The Blue Jays also offered fellow righty reliever Bud Norris a $100,000 retention bonus to not opt out of his minor-league contract with the team. Norris, 34, has been dealing with arm injuries this spring.

–Field Level Media

Source: OANN

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Redemption song: Tiger sings familiar tune at Masters

Tiger woods celebrates after winning the 2019 Masters
Golf - Masters - Augusta National Golf Club - Augusta, Georgia, U.S. - April 14, 2019. Tiger Woods of the U.S. celebrates with with his green jacket and trophy after winning the 2019 Masters. REUTERS/Lucy Nicholson

April 14, 2019

By Frank Pingue

AUGUSTA Ga. (Reuters) – With the cool stroke of a putter under ominous clouds hovering over the 18th green at Augusta National, Tiger Woods put an emphatic finishing touch on the most redemptive victory in sport history on Sunday.

While the scene was a familiar one since Woods came into the week with four Green Jackets, this one was the most improbable given it followed years of surgeries and personal problems that convinced many the best golfer of his generation was done.

But the 43-year-old Woods, who two years ago was barely hitting 60-yard shots as he worked his way back from spinal fusion surgery in April 2017, turned back the clock to deliver the sporting world a tale of redemption unlike any other.

“I had serious doubts after what transpired a couple years ago. I could barely walk. I couldn’t sit. Couldn’t lay down. I really couldn’t do much of anything,” said Woods.

“Luckily I had the procedure on my back, which gave me a chance at having a normal life. But then all of a sudden, I realized I could actually swing a golf club again.

“I felt if I could somehow piece this together that I still had the hands to do it. The body’s not the same as it was a long time ago, but I still have good hands.”

When his tap-in bogey settled in the cup for a one-shot win, Woods threw up his arms in triumph, igniting chants of “Tiger Tiger” that bounced through the pines as he went on to share celebratory hugs with his mother, two children and girlfriend.

The moment was a long time coming for the former world number one, who last tasted major success at the 2008 U.S. Open when his oldest child, daughter Sam, was still an infant.

Since that day, Woods went through a highly-public divorce in 2010 after revelations of his marital infidelities convinced him to take a self-imposed hiatus from professional golf, a DUI arrest in 2017 as well as multiple knee and back surgeries.

‘STRUGGLED FOR YEARS’

Ever since Woods appeared on television’s Mike Douglas Show at the age of two displaying his raw putting skills alongside Bob Hope, he has been expected to produce the remarkable.

And while the list of remarkable feats that Woods went on to achieve on the golf course is seemingly never ending, even he admitted this triumph, which drew congratulatory messages from U.S. President Donald Trump and former President Barack Obama, is among the most special.

“It would be up there,” Woods said when asked where his latest major ranks. “One of the hardest I have ever had to win just because what has transpired the last couple years with trying to come back to playing.”

Woods was two back of overnight leader Francesco Molinari when he stepped up to the par-four 11th, which marks the start of a five-hole stretch at Augusta National where the year’s first major often hangs in the balance.

After yet another errant tee shot, Woods recovered with a skillful approach at 11 for par then moved into a share of the lead at the par-three 12th where Molinari made double-bogey after his tee shot went into Rae’s Creek.

From there Woods, clad in his familiar final-round red shirt and black pants and the galleries hanging on his every swing, was off to the races as he showcased his competitive nerve to win a major for the first time while trailing after 54 holes.

To do so, Woods had to fend off a slew of big-name players who at some point over the back nine either held a share of the lead or were just a shot back.

Woods said one of the things he was most happy about was that his children, who were at last year’s British Open when he could not hang onto a back-nine lead, were able to witness it in person after watching him fight pain for so long.

“The kids are starting to understand how much this game means to me, and some of the things I’ve done in the game; prior to comeback, they only knew that golf caused me a lot of pain,” said Woods.

“If I tried to swing a club I would be on the ground and I struggled for years, and that’s basically all they remember.

With the win Woods broke Gary Player’s record (13 years) for the longest gap between Masters wins. It also breathed new life into a decades-long debate about whether the 15-times major winner can catch Jack Nicklaus (18) on the all-time list.

When he finally slipped back into the winner’s Green Jacket, a scene many golf fans had longed for but never thought they would see again, Woods had just two words to say:

“It fits.”

(Reporting by Frank Pingue, editing by Pritha Sarkar)

Source: OANN

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Britain urges Germany to ease curbs on arms sales to Saudi

Britain's top diplomat has urged Germany to relax its ban on arms sales to Saudi Arabia because they are affecting U.K. sales of weapons to — and by extension its influence with — the oil-rich kingdom.

The German weekly Der Spiegel reported Wednesday that British Foreign Minister Jeremy Hunt sent a blistering letter to his counterpart in Berlin earlier this month, warning that Germany's credibility as a partner is at stake over its restrictions on arms exports to the Gulf nation.

Germany rescinded existing arms export permits to Saudi Arabia last year in response to the killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul. The move, which amounts to an export ban, means Britain can't ship war planes such as the Typhoon to Saudi Arabia because they contain German-made components.

Asked about the letter ahead of a meeting Wednesday with German Foreign Minister Heiko Maas, Hunt said both Britain and Germany have a common interest in ending the war in Saudi Arabia's southern neighbor Yemen , where a major humanitarian crisis has claimed tens of thousands of civilian lives. A Saudi-led coalition has been fighting with Yemen's government against Shiite Houthi rebels since 2015, leading to criticism of arms exports to Saudi Arabia.

Hunt insisted that Britain has strict rules on arms exports that include "independent assessment of whether our arms exports are likely to be used in breaches of international humanitarian law."

"At the moment we don't make that judgment," he said. "But when I talk to Heiko Maas what I say is that that strategic relationship that the U.K. has with Saudi Arabia is what allows us to have a huge influence in bringing about peace in Yemen."

"We need to be able to continue that strategic relationship in order to make sure that there is a European voice at the table doing everything we can to press for peace," said Hunt. He made no mention of the Khashoggi slaying.

Berlin and London have stressed in recent months that cooperation on defense and security must remain a pillar of Anglo-German cooperation even after Britain leaves the European Union at the end of March.

A spokeswoman for Germany's economy ministry, Tanja Alemany, told reporters on Wednesday that Berlin's position on arms exports to Saudi Arabia hasn't changed and "there's currently no basis for further permits."

Source: Fox News World

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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