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Airbus CEO Enders’ ‘golden parachute’ excessive: French finance minister

FILE PHOTO: Airbus CEO Tom Enders attends Airbus's annual press conference on Full-Year 2018 results in Blagnac
FILE PHOTO: Airbus Chief Executive Tom Enders attends Airbus's annual press conference on Full-Year 2018 results in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignau

April 2, 2019

PARIS (Reuters) – An almost 40 million euros ($44.78 million) golden parachute farewell that Airbus’ outgoing Chief Executive Tom Enders could get is excessive and may harm the company’s image, France’s finance minister said in remarks published on Tuesday.

Le Monde newspaper reported that his departure package was worth 36.8 million euros, citing a calculation made by corporate governance firm Proxinvest.

Two people familiar with the company told Reuters the deal was closer to 40 million euros.

“The figure announced regarding Tom Enders is obviously excessive and could harm the reputation of Airbus,” Finance Minister Bruno le Maire told Les Echos newspaper. “I call on the directors of Airbus to draw the (necessary) conclusions.”

Airbus declined to comment.

(Reporting by John Irish and Tim Hepher; editing by Leigh Thomas)

Source: OANN

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How to say the ‘R-word’: bank executives grapple with recession talk

Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin
Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne

April 11, 2019

By Elizabeth Dilts and Echo Wang

NEW YORK (Reuters) – Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their thinking told Reuters.

Of particular concern is how to deal with the word “recession,” which has become all but verboten as U.S. gross domestic product growth has decelerated.

Although many economists are predicting a downturn, a big bank executive doing so can become a self-fulfilling prophecy. On the other hand, a top banker dismissing recession worries to calm fears could be seen as uninformed or dishonest.

When asked to name the single biggest threat to the U.S. economy at a congressional hearing on Tuesday, Citigroup Inc Chief Executive Officer Michael Corbat answered, “Our ability to talk ourselves into the next recession.”

The “R word,” as some are calling it, has been a topic of discussion during earnings planning, executives, investor relations staff and public relations officials said.

There are a few well-tested strategies to reassure investors without misleading them, said Pen Pendleton, founding partner of financial communications firm CLP Strategies in New York, and a former spokesman for Morgan Stanley and Credit Suisse Group AG.

If a bank is seeing negative signs in its loan book or markets businesses, executives should say something like “we believe we are competitively positioned in the market place to tackle the challenges,” Pendleton said.

An easy way to avoid endorsing any particular outlook is to defer to what in-house bank economists are predicting, he added.

“CEOs are always cautious about commenting on the economic outlook, especially when indicators are negative.” he said.

Even if executives feel obligated to share bad news because of a fiduciary duty to investors, they are likely to hedge what they say, according to an adviser of one of the top 20 banks by assets who spoke on the condition of anonymity.

For example, if loan performance suffered executives might speak optimistically about the future, or chalk it up to a “one-time thing” she said.

If top bankers do acknowledge a slowing U.S. economy, they would not be alone.

The Federal Reserve took a sharply less aggressive posture last month when it signaled it would not hike rates this year and projected slower U.S. growth for 2019.

While policymakers made clear they saw no recession in the next few years, some cautioned incoming data could change their minds on whether the next move should be to raise or lower rates, meeting minutes showed on Wednesday.

The U.S. economy grew 2.9 percent in the fourth quarter, down from 3.6 percent the prior period and 4.2 percent in the middle of last year.

STOCK DROPS AND TEQUILA SHOTS

Wall Street CEOs and CFOs realize that their words carry a lot of weight, given they manage multi-trillion-dollar balance sheets and have insight into nearly every consumer and institutional lending business.

Bank stocks can be sensitive to any recession talk that makes headlines.

JPMorgan Chase & Co shares fell 1.7 percent when finance chief Marianne Lake said that “recessionary indicators … are not flashing red, but they are off the floor” at the bank’s investor day in March.

Dimon then helped talk the shares back up, saying the bank’s decision not to raise its profitability target was not a warning about the economy and that JPMorgan was not predicting a recession, though it was nonetheless “prepared for one.”

“In a world of sound bites it’s difficult to be nuanced about recession risk,” said Wells Fargo bank analyst Mike Mayo. “It’s a fine line between alarming (markets) and conveying an impression of being recession-ready.”

The pressure to say the right thing can be intense enough to cause sleepless nights, executives and their counselors say.

Ronn Torossian, head of New York-based 5W Public Relations, said he once spent nearly all night with a senior bank executive rehearsing, taping and listening to prepared remarks for the next day’s earnings discussion with analysts.

“I was next to him and he did a shot of tequila a few minutes before the early morning call,” Torossian said. “That may have helped more than the training.”

JPMorgan and Wells Fargo & Co will kick off bank results on Friday, followed by Citigroup, Goldman Sachs Group Inc, Bank of America Corp and Morgan Stanley next week.

(Reporting By Elizabeth Dilts and Echo Wang in New York; Editing by Lauren Tara LaCapra and Meredith Mazzilli)

Source: OANN

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Trump administration backs Texas judge who ruled Obamacare illegal

FILE PHOTO - A sign on an insurance store advertises Obamacare in San Ysidro
FILE PHOTO - A sign on an insurance store advertises Obamacare in San Ysidro, San Diego, California, U.S., October 26, 2017. REUTERS/Mike Blake

March 26, 2019

(Reuters) – U.S. President Donald Trump’s administration has stepped up its attack on the Obamacare health care law, telling a federal appeals court it agrees with a Texas judge’s ruling that the law is unconstitutional and should be struck down.

The Justice Department in a two-sentence letter to the Court of Appeals for the Fifth Circuit filed on Monday said it backed the December ruling by U.S. District Judge Reed O’Connor in Fort Worth that found the Affordable Care Act violated the U.S. Constitution because it required people to buy health insurance.

O’Connor ruled on a lawsuit brought by a coalition of 20 Republican-led states including Texas, Alabama and Florida, that said a Trump-backed change the U.S. tax code made the law unconstitutional.

The 2010 law, seen as the signature domestic achievement of Trump’s Democratic predecessor, Barack Obama, has been a flash point of American politics since it passed, with Republicans including Trump repeatedly attempting to overturn it.

Democrats made defending the law a powerful messaging tool in the run-up to the November elections, when polls showed that eight in 10 Americans wanted to defend the law’s most popular benefits including protections for insurance coverage for people with preexisting conditions. The strategy paid off and Democrats won a broad 38-seat majority in the U.S. House of Representatives.

“The Department of Justice has determined that the district court’s judgment should be affirmed,” Assistant U.S. Attorney General Joseph Hunt and other federal officials wrote in the Monday letter. They said they would file a more extensive legal briefing later.

Obamacare survived a 2012 legal challenge at the Supreme Court when a majority of justices ruled the individual mandate aspect of the program was a tax that Congress had the authority to impose.

In December, O’Connor ruled that after Trump signed a $1.5 trillion tax bill passed by Congress last year that eliminated the penalties, the individual mandate could no longer be considered constitutional.

A group of 17 mostly Democratic-led states including California and New York on Monday argued that the law was constitutional.

“The individual plaintiffs do not have standing to challenge the resulting law because they suffer no legal harm from the existence of a provision that offers them a lawful choice between buying insurance or doing nothing,” they wrote in court papers.

About 11.8 million consumers nationwide enrolled in 2018 Obamacare exchange plans, according to the U.S. government’s Centers for Medicare and Medicaid Services.

(Reporting by Scott Malone in Boston; Editing by Bill Trott)

Source: OANN

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Weeping teenage climate activists in peaceful protest near London’s Heathrow

Extinction Rebellion protest in London
Climate change activists attend an Extinction Rebellion protest outside Heathrow Airport in London, Britain April 19, 2019. REUTERS/Simon Dawson

April 19, 2019

LONDON (Reuters) – Teenage protesters staged an emotional protest at political inaction on climate change near London’s Heathrow Airport on Friday, a further day of actions that have caused transport snarl-ups in the British capital.

The Extinction Rebellion group of climate-change campaigners stood weeping and singing in a peaceful roadside protest less than a mile from Heathrow Terminals 2 and 3. Around a dozen teenagers, some as young as 13, held a banner which read “Are we the last generation?”

The group has called for non-violent civil disobedience to push the British government to reduce net greenhouse gas emissions to zero by 2025 and to stop what it calls a global climate crisis.

Extinction Rebellion has blocked several locations in central London in recent days after it staged a semi-nude protest in parliament earlier this month.

The group of young people stood singing protest songs near a road busy with Easter holiday traffic. Police officers, who far outnumbered them, approached to warn them of potential arrest for trespassing.

More than 500 people have been arrested this week and 10 charged so far, police said on Thursday.

“I fear for my future” Oscar Idle, 17, told Reuters. “That fear gives me courage to act.”

“I want to live in a society which is not catastrophic where there is not going to be food shortages, wild fires and hurricanes where people can live,” he said.

(Reporting by Emily Roe, Will Russell and Simon Dawson; Writing by Elisabeth O’Leary; Editing by Mark Potter)

Source: OANN

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White House Blocks Deal for Major League Baseball to Sign Cuban Players

Trump administration on Monday blocked a historic agreement between Major League Baseball and the Cuban Baseball Federation that would have allowed Cuban players to sign with U.S. teams without needing to defect.

The existing deal will not be allowed to go forward because it was based on an erroneous interpretation by the former Obama administration that the Cuban baseball federation was not part of Cuba's communist government, a senior U.S. official said.

Source: NewsMax Politics

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Trial to start for ex-Georgia officer accused of sex assault

A trial is set to begin for a former Georgia police officer accused of inappropriate sexual contact with four victims, including two minors.

WGCL-TV reports the trial for former East Point police Sgt. Richard Gooddine is expected to start Wednesday.

Gooddine is accused of detaining a 15-year-old girl for violating curfew one night last year and sexually assaulting her before driving her home. He's also accused of trying to intimidate the victim while she was at a hospital and undergoing rape kit testing. Gooddine was fired days later.

In 2017 and 2016, he was accused of inappropriately touching detained women, but internal investigations found no supporting evidence. In 2011, he was accused of sexually assaulting a minor. That case wasn't prosecuted; officials said they were concerned about traumatizing the victim.

___

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Source: Fox News National

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Venezuela’s Guaido barred from public office for 15 years

Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, takes part in a meeting regarding the condition of the water and electricity systems in Caracas
Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, speaks during a meeting regarding the condition of the water and electricity systems in Caracas, Venezuela, Venezuela, March 28, 2019. REUTERS/Manaure Quintero

March 28, 2019

By Vivian Sequera and Luc Cohen

CARACAS (Reuters) – The Venezuelan government said opposition leader Juan Guaido would be barred from public office for 15 years on Thursday, as it seeks to crack down on the U.S.-backed rival to President Nicolas Maduro.

Guaido has called for fresh protests on Saturday against Maduro, following a blackout this week that left the country without power for days.

Cities across Venezuela recovered electricity on Thursday after the blackout, the second major one in less than a month. Maduro on Wednesday night blamed the outage on a “terrorist attack” on the Guri hydroelectric facility that provides electricity to most of the country.

Guaido, the leader of the opposition-controlled National Assembly, has challenged Maduro and his socialist party for power. He invoked the country’s constitution to assume the interim presidency in January, arguing Maduro’s May 2018 re-election was illegitimate.

Most South American and Western nations have recognized Guaido as Venezuela’s rightful leader, while Maduro calls Guaido a puppet of the United States attempting to oust him in a coup.

In February, Venezuela’s state comptroller, Elvis Amoroso, launched an audit of Guaido for allegedly lying on his personal financial disclosures and receiving funds from unauthorized sources.

In a Thursday state television address, Amoroso said Guaido had not explained the source of funds he used to pay for foreign trips he took since joining the assembly.

Amoroso said his office had decided to bar Guaido from public office for up to 15 years, the maximum for public servants who commit irregularities.

At a rally, Guaido questioned the validity of Amoroso’s role.

“The only body that can appoint a comptroller is the legitimate parliament,” he said.

ENERGY SABOTAGE?

To deal with the power outages, Maduro has announced a plan of “load management” for the coming days, without providing details. Generally, load management refers to the process of balancing the supply of electricity on a network with the electrical load.

After blaming a “cyberattack” by the United States for the first outage, Maduro said this week’s blackout was caused by a gunman linked to the “perverse, diabolical right-wing” who fired on Guri.

But local electricity experts, as well as government critics allied with Guaido, said the outages were due to years of underinvestment and lack of maintenance as Venezuela’s economy spiraled into a hyperinflationary collapse.

“I do not think there has been any sabotage,” said Yolimar Arellano, a 43-year-old office worker in Caracas, who said he had electricity at his home, but still no water. He took three buses to get to his job because the subway was not working.

“They have spent years stealing money and not doing maintenance.”

The blackout came less than two weeks after electricity returned to most of the country following an outage that began on March 7 and lasted as long as six days in some cities. That blackout was the longest and most widespread incident of its kind in a country that has grown accustomed to unreliable public services.

Since the second outage hit on Monday, three people died in public hospitals due to a lack of electricity, according to Julio Castro, a doctor and member of the “Doctors for Health” nongovernmental organization.

The blackout also halted operations at the Jose terminal, the main port for the country’s crucial oil exports.

(Reporting by Vivian Sequera, Luc Cohen and Diego Ore in Caracas; Additional reporting by Mircely Guanipa in Punto Fijo, Anggy Polanco in San Cristobal, Tibisay Romero in Valencia and Francisco Aguilar in Barinas; Writing by Luc Cohen; Editing by Jeffrey Benkoe and Rosalba O’Brien)

Source: OANN

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

April 26, 2019

By Charlotte Greenfield

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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

April 26, 2019

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

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

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

(Reporting by Muvija M in Bengaluru)

Source: OANN

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

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

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

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

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

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

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

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

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

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

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: Fox News Politics

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

April 26, 2019

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

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

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

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

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

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

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

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

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

Source: Fox News World

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