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Deutsche Bank top management gets bonuses for first time in four years

The headquarters of the Deutsche Bank is pictured in Frankfurt
The headquarters of the Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski

March 22, 2019

FRANKFURT (Reuters) – Deutsche Bank’s management board members were handed their first bonuses in four years, according to the bank’s annual report published on Friday.

The management board received total pay, including bonuses, of 55.7 million euros ($63.39 million) in 2018, up from 29.8 million euros a year earlier, Deutsche Bank’s annual report said.

The bank’s bonus pool for 2018 was 1.9 billion euros, down 14 percent from 2.3 billion euros a year earlier. The decline is partly due to a reduction in headcount, the bank said.

Litigation costs are also expected to be “significantly higher” in 2019 than in 2018, the bank also said in the report.

Deutsche Bank is talking to rival Commerzbank about a proposed merger, which unions have said could result in big job cuts.

(Reporting by Tom Sims; Editing by Riham Alkousaa and Jane Merriman)

Source: OANN

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Chinese student uses handwriting robot to complete homework faster

Is she a cheater or a genius?

A Chinese student sparked debate earlier this week after her mother discovered the teenage girl bought a robot and trained it to imitate her handwriting so she can finish her homework.

The teen spent 800 yuan, about $120, on the robot that mimicked her handwriting, Qianjiang Evening News reported. She then used the robot to copy Chinese phrases dozens of times for an assignment that required students to repeatedly write Chinese characters to help them learn how to read and write.

She finished her Chinese writing assignment in two days. Her mother, sensing something was off, discovered the robot in her daughter’s room and reportedly smashed the machine.

KIM JONG UN MAY TRAVEL MORE THAN 2,500 MILES TO VIETNAM VIA HIS SIGNATURE TRAIN FOR TRUMP SUMMIT

The mother then took to the popular social media platform Weibo to complain about her daughter’s tactics. She was quoted writing in her post: “It can help you with homework, but can it help you on tests?”

Several users, however, applauded the teen’s creative idea to quickly finish her assignments that was given during the Lunar New Year break.

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“Give her a break. How meaningful is copying anyway?” one commenter asked, the New York Times reported.

Another person said: “The difference between humans and other animals is that they know how to make and use tools. This young lady already knows how to do this.”

Source: Fox News World

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Exclusive: FAA says oversight needs to ‘evolve’ after Boeing crashes

An aerial photo shows several Boeing 737 MAX airplanes grounded at Boeing Field in Seattle
FILE PHOTO: An aerial photo shows several Boeing 737 MAX airplanes grounded at Boeing Field in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson

March 26, 2019

By David Shepardson

WASHINGTON (Reuters) – The acting head of the U.S. Federal Aviation Administration will tell a congressional panel on Wednesday that the agency’s oversight approach must “evolve” after two fatal Boeing 737 MAX crashes since October, according to written testimony viewed by Reuters.

Acting FAA Administrator Dan Elwell will tell a Senate Commerce subcommittee that the airplane will return to service “only when the FAA’s analysis of the facts and technical data indicate that it is appropriate.”

Elwell’s testimony discloses that Boeing first submitted its proposed anti-stall software upgrade to the FAA for certification on Jan. 21 of this year and that the FAA has tested “this enhancement to the 737 MAX flight control system in both the simulator and the aircraft.”

Boeing did not immediately respond to a request for comment but is expected as early as Wednesday to unveil more details of the software upgrade.

Elwell will tell the panel that the FAA “will go

wherever the facts lead us, in the interest of safety.” He defended the FAA’s aircraft certification system, but acknowledged it faces challenges.

“As the aerospace system and its components become increasingly more complex, we know that our oversight approach needs to evolve to ensure that the FAA remains the global leader in achieving aviation safety,” Elwell’s testimony will say.

Separately, National Transportation Safety Board Chairman Robert Sumwalt will tell the panel in written testimony that the board is “examining the U.S. design certification process to ensure any deficiencies are captured and addressed, potentially up to and including NTSB safety recommendations.”

Federal prosecutors and the Transportation Department’s inspector general are investigating the 737 MAX certification.

(Reporting by David Shepardson; Editing by Nick Zieminski)

Source: OANN

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Germany to allocate local 5G frequencies later this year

FILE PHOTO: A 5G sign is seen during the Mobile World Congress in Barcelona
FILE PHOTO: A 5G sign is seen during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman

March 11, 2019

FRANKFURT (Reuters) – Germany’s Federal Network Agency (BNetzA) said on Monday it would award frequencies for local 5G networks in the second half of this year, in a policy targeting industrial uses of the high-speed mobile technology.

Companies will be able to apply for spectrum in the 3.7-3.8 Gigaherz band, the BNetzA said in a statement. This process is separate to the auction of national 5G licenses that is planned to start on March 19.

“There is great potential for 5G, especially in the industrial area,” BNetzA President Jochen Homann said in a statement. “We want to make frequencies available for companies to build local networks that exactly meet their needs.”

Several major industrial groups, including Volkswagen, Daimler Siemens and BASF say they are interested in local 5G spectrum to run ‘connected’ facilities.

(Reporting by Douglas Busvine, editing by Riham Alkousaa)

Source: OANN

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Pro-Trump PAC attacks ‘Creepy Joe’ Biden in ad recalling Clinton campaign

A new ad from a pro-Trump political action committee has attacked former vice president and potential 2020 Democratic candidate Joe Biden over allegations of inappropriate behavior with women by revisiting a similar spot from Hillary Clinton's 2016 presidential campaign.

The 60-second spot from Great America PAC, entitled "Creepy Joe," shows images of children watching a CNN interview with former Nevada Assemblywoman Lucy Flores, who claimed last week that Biden approached her from behind, smelled her hair and kissed the back of her head in 2014.

"It happened all so suddenly, very unexpectedly, out of nowhere," Flores says in the ad. "I feel Joe Biden put his hands on my shoulders, get up very close to me from behind, lean in, smell my hair, and then plant a slow kiss on the top of my head. To have the vice president of the United States do that to me so unexpectedly and just kind of out of nowhere, it was just shocking. It was shocking because you don't expect that kind of intimate behavior, you don't expect that kind of intimacy from someone so powerful and someone who you just have no relationship whatsoever to, to touch you and to feel you and to be so close to you in that way."

BIDEN ALLEGATIONS REVIVE SCRUTINY OVER HISTORY OF 'UNCOMFORTABLE' INTERACTIONS WITH WOMEN

As Flores speaks, the ad displays a gauzy montage of infamous touchy-feely moments involving Biden. Prominently featured are Biden putting his hands on the shoulders of Stephanie Carter, the wife of then-Defense Secretary Ash Carter; leaning close and whispering something to Maggie Coons, the teenage daughter of Sen. Chris Coons, D-Del.; and putting an arm around the waist of Alyson Gardner, the daughter of Sen. Cory Gardner, R-Colo.

The ad closes with the tagline "Our children are watching," a reference to the Clinton campaign's "Role Models" ad from 2016. That ad showed some of the same children watching some of Trump's most controversial moments on the campaign trail, including his apparent mocking of a disabled reporter and bragging that he could "stand in the middle of Fifth Avenue and shoot somebody, and I wouldn't lose any voters."

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"Our children are watching," the Clinton ad was captioned. "What example will we set for them?"

Sources told Fox News that the "Creepy Joe" ad will run on digital platforms as part of a six-figure ad buy unless Biden officially enters the presidential race. If that happens, the commercial will air on national TV.

Fox News' Sally Persons contributed to this report.

Source: Fox News Politics

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Ecuador says hacking attempts doubled after it ended Assange asylum

FILE PHOTO: WikiLeaks founder Julian Assange is seen as he leaves a police station in London
FILE PHOTO: WikiLeaks founder Julian Assange is seen as he leaves a police station in London, Britain April 11, 2019. REUTERS/Peter Nicholls/File Photo

April 15, 2019

QUITO (Reuters) – Hacking attempts on Ecuadorean government institutions have doubled since the country revoked WikiLeaks founder Julian Assange’s asylum at its London embassy last week, an official said on Monday.

Telecommunications Vice Minister Patricio Real told reporters the websites for the country’s presidency, central bank and foreign ministry, among others, has received 40 million hacking attempts per day since Assange was dragged out of the embassy on Thursday by London police.

Assange took refuge in the embassy in 2012 to avoid extradition to Sweden in a sexual assault investigation.

Real did not attribute the hacking attempts to any group in particular, and said it would be difficult to identify the hackers. But he said the hacking group Anonymous, which has taken credit for cyberattacks on government institutions in the United States and Britain, had made a threat.

“During the afternoon of April 11 we jumped from 51st place to 31st place worldwide in terms of the volume of cyberattacks,” Real said.

After his arrest, U.S. prosecutors announced charges against Assange for allegedly conspiring with former Army intelligence analyst Chelsea Manning to gain access to a government computer as part of one of the largest compromises of classified information in U.S. history.

Real said the hacking attempts had not led to the theft of any government data, but had made it difficult for employees and citizens to access accounts on the sites. He added that the South American country would receive cybersecurity assistance from Israel.

On Saturday, an Ecuadorean judge ordered a Swedish citizen close to Assange jailed pending trial for alleged involvement in hacking government computer systems.

Interior minister Maria Paula Romo has said the government has identified two Russian hackers living in Ecuador, though they have not yet been arrested.

(Reporting by Alexandria Valencia; Writing by Luc Cohen; Editing by Susan Thomas)

Source: OANN

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Federalist editor says Mueller probe’s full origins still require look

Mollie Hemingway, senior editor at The Federalist, says that though many think it’s important to move on from the Mueller report following Thursday’s expected release, one aspect that calls for further exploration is how it all began.

“People talk about moving on. That's important because there are serious policy issues that fixing our border and other things Congress needs to work on -- but how did the investigation ever start?” Hemingway said on “Special Report with Bret Baier” on Wednesday.

MUELLER'S QUESTIONS FOR TRUMP

“It was used, not just during the campaign but in the interim, before he [Trump] became president and for the first two years of his administration, to undermine him," she said. "It affected foreign policy and his ability to get things done.”

Hemingway emphasized that answers were needed in order to avoid a recurrence of the circumstances behind the inquiry.

“People need to make sure the report is put into context. It is not just there was a legitimate reason to look into Russia collusion and there were no indictments ... for Russia collusion or obstruction, but a story about how people weaponized information and used it to go after political opponents,” Hemingway told Baier.

“That absolutely must be looked into. We absolutely need to get answers so that it doesn't happen again and the people who did it are held accountable.”

Barr will release a redacted version of Mueller's full investigative report on Thursday morning.

Democrats are expected to file subpoenas to see what's behind the redactions.

Wall Street Journal columnist Jason Riley said Democrats will continue to second-guess the report, but its findings will stand.

“Clearly the Democrats are very upset by this finding. I think what we are going to see is them combing through this report second-guessing Mueller's findings on no collusion, second-guessing the Justice Department decision that there was no obstruction of justice because there was no underlying crime, and you will see Trump's team push back and say pick it apart all you want,” Riley said.

“Doesn't change the central conclusions, no collusion and no obstruction.”

TRUMP LEGAL TEAM PREPARES MUELLER COUNTER-REPORT ON OBSTRUCTION ALLEGATIONS

Amy Walter, national editor of the Cook Political Report, added that no matter what the report says Thursday, it will have no bearing on how the public views President Trump. “His approval ratings, disapproval ratings haven't moved much given the many things that have happened over the last two years.”

Source: Fox News Politics

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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