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U.S. drops reference to ‘Israeli-occupied’ Golan Heights in annual rights report

A couple look towards signs pointing out distances to different cities, on Mount Bental, an observation post in the Israeli-occupied Golan Heights that overlooks the Syrian side of the Quneitra crossing, Israel
FILE PHOTO: A couple look towards signs pointing out distances to different cities, on Mount Bental, an observation post in the Israeli-occupied Golan Heights that overlooks the Syrian side of the Quneitra crossing, Israel January 21, 2019. REUTERS/Amir Cohen

March 13, 2019

JERUSALEM (Reuters) – The U.S. State Department changed its usual description of the Golan Heights from “Israeli-occupied” to “Israeli-controlled” in an annual global human rights report released on Wednesday.

A separate section on the West Bank and Gaza Strip, areas that Israel captured along with the Golan Heights in a 1967 Middle East war, also did not refer to those territories as being “occupied” or under “occupation”.

(Writing by Jeffrey Heller; Editing by Rami Ayyub)

Source: OANN

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Tennis: Raonic overwhelms Kecmanovic to reach semis

Tennis: BNP Paribas Open-Day 11
Mar 14, 2019; Indian Wells, CA, USA; Milos Raonic (CAN) during his quarterfinal match against Miomir Kecmanovic (not pictured) in the BNP Paribas Open at the Indian Wells Tennis Garden. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports

March 15, 2019

(Reuters) – Big-serving Canadian Milos Raonic fired down 13 aces to defeat Miomir Kecmanovic 6-3 6-4 on Thursday and reach the BNP Paribas Open semi-finals in Indian Wells for a second consecutive year.

Serbian teenager Kecmanovic was unable to convert any of his three break-point opportunities against a ruthless Raonic, who unleashed a torrent of punishing groundstrokes on a sunny and breezy day in the California desert.

Raonic’s serving accuracy was not as precise as it has been in other matches, with only 55 percent of his first deliveries finding the target.

But when he was able to get one in play it was too much for the tournament lucky loser, with Raonic winning 88 percent of those points.

“In a few key moments my serve really helped me out,” Raonic told reporters.

“I just tried to play consistent, be aggressive when I had the first chance.”

Next up for Raonic is either Gael Monfils or Dominic Thiem, who play their quarter-final later on Thursday.

(Reporting by Rory Carroll, editing by Ed Osmond)

Source: OANN

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North Korea’s ruling party to meet amid ‘tense situation’: state media

A North Korean flag flutters on top of a 160-metre tower in North Korea's propaganda village of Gijungdong, in this picture taken from the Tae Sung freedom village near the Military Demarcation Line (MDL), in Paju
FILE PHOTO - A North Korean flag flutters on top of a 160-metre tower in North Korea's propaganda village of Gijungdong, in this picture taken from the Tae Sung freedom village near the Military Demarcation Line (MDL), inside the demilitarised zone separating the two Koreas, in Paju, South Korea, April 24, 2018. REUTERS/Kim Hong-Ji

April 10, 2019

By Josh Smith and Joyce Lee

SEOUL (Reuters) – North Korea will hold a plenary session of its ruling party’s central committee on Wednesday, a day after leader Kim Jong Un chaired a politburo meeting to discuss ways to make progress under the “prevailing tense situation”, state media reported.

The plenary session, which occurs regularly, comes in the wake of Kim’s second summit with U.S. President Donald Trump in February in Hanoi, where the two leaders failed to make any agreements over North Korea’s nuclear weapons program or international sanctions.

The ruling party officials will gather to “discuss and decide the new orientation and ways of struggle in line with the need of the prevailing revolutionary situation,” state news agency KCNA said on Wednesday.

In a meeting of the Political Bureau of the Central Committee of the Workers’ Party of Korea on Tuesday, Kim told officials they need to work more responsibly to carry out his strategy in the face of international pressure.

“The Supreme Leader urged the need for leading officials to fully display a high sense of responsibility and creativity, and the revolutionary spirit of self-reliance and fortitude in an attitude befitting the masters of the revolution and construction under the prevailing tense situation and thus follow through on the new strategic line of the Party,” KCNA said.

At a plenary session last year, Kim formally announced a “new strategic line” of focusing on economic progress and improving North Koreans’ lives, rather than the previous two-pronged approach of both economic and nuclear weapons development.

Despite his failure to secure any sanctions relief at the Hanoi summit, Kim has continued to highlight his economic push in recent weeks.

Over the past week state media published images and reports of Kim visits to at least four economic projects in five days, including a remodeled department store, tourist resorts, and an economic hub near the border with China.

North Korea’s rubber-stamp parliament is scheduled to meet on Thursday.

Wednesday’s ruling party plenary session comes as South Korean President Moon Jae-in flies to Washington to meet with Trump and try to jumpstart talks between North Korea and the United States.

“In a situation where it’s difficult to take a completely new path, they’re emphasizing self-reliance to show the U.S. that they can go their own way,” said Shin Beom-chul, a senior fellow at the Asan Institute for Policy Studies in Seoul.

“North Korea is targeting the U.S., sending a message that we will not back down, so the U.S. must change its stance.”

(Reporting by Josh Smith and Joyce Lee; Editing by Michael Perry)

Source: OANN

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Groom accused of sexual assault at wedding reception appears in court with wife: report

A lawyer for a New Jersey groom who allegedly groped an underage waitress at his own wedding reception last year has suggested a theory that proves his client is “an innocent man.”

Louis Busico, the attorney of 31-year-old Matthew Aimers, on Thursday claimed that the fact that his client’s wife was still with him proved the sexual assault allegations were false, the Philadelphia Inquirer reported.

GROOM SEXUALLY ASSUALTED WAITRESS AT WEDDING RECEPTION: COPS

“If he committed a crime, not even Dr. Phil could keep them together,” Busico said. “And the fact that they still are together shows that my client is an innocent man.”

The alleged incident took place in November 2018 at Aimers’ wedding reception at the Northampton Valley Country Club in Northampton Township, Pa. After a then-underage waitress spurned his alleged advances, she claimed he followed her into a bathroom, sexually assaulted her and exposed himself.

A judge on Thursday upheld all charges against Aimers, including indecent assault, indecent exposure, imprisonment of a minor, harassment and related counts, the Inquirer reported. The charges of simple assault, disorderly conduct, and resisting arrest stemming from a drunken brawl with police later that night were dropped, according to Philadelphia station WCAU-TV.

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Busico said his client “denies and rejects” the allegations made by the waitress, who has since turned 18, the Inquirer reported. Aimers' wife, Kayla, supports her husband “150 percent,” the lawyer said.

Fox News' Louis Casiano contributed to this report.

Source: Fox News National

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Ford exiting heavy truck business in South America

The 88th Geneva International Motor Show
FILE PHOTO: The Ford logo is pictured on the company's stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse

February 19, 2019

DETROIT (Reuters) – Ford Motor Co on Tuesday said it would exit its heavy commercial truck business in South America and cease production at a Brazilian plant this year as a result.

The No. 2 U.S. automaker expects to record pretax special charges of about $460 million, with most of that recorded this year, it said in a statement.

(Reporting by Ben Klayman; editing by Jonathan Oatis)

Source: OANN

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Media Downplays Sri Lanka Islamic Bombing That Killed 400% More People Than Christchurch

The Sri Lanka terror attack by Islamic jihadists that resulted in 207 dead is being carefully downplayed by the mainstream media, omitting in their headlines that the attacks were perpetrated by Islamist suicide bombers.

Several media outlets have been careful to avoid any mention of radical Islam in their headlines, or that the deaths were the result of a terrorist attack.

The headlines are in stark contrast to how the corporate media zealously covered the Christchurch terrorist attack by a white supremacist that killed 49 last month, which highlighted not only the attacker’s identity, but his white supremacist motives.

Additionally, the media and even members of Congress tried to blame President Trump and his supporters for the killings.

After Christchurch, Alex Jones warned of the media’s double standard, and claimed they would downplay the next big Islamic attack that would surely result in mass casualties to advance their narrative that Christianity is evil and Islam is good.

In this case, the jihadist bombings in Sri Lanka killed 400% more people than Christchurch, but you wouldn’t know that based on the MSM’s tepid coverage.

Why not cover all of these attacks with the same level of seriousness and fervor they deserve? It shouldn’t matter whether the victims were Christians or Muslims because they’re still victims of horrific crimes.


Source: InfoWars

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Uruguay's president removes commander-in-chief of the army

Uruguay's president has removed the country's commander-in-chief of the army after he questioned how local courts have handled cases involving members of the military accused of dictatorship-era human rights abuses.

The decision by President Tabare Vazquez to dismiss Gen. Guido Manini Rios was announced Tuesday in a statement by the presidency.

The statement said Manini told Vazquez in a meeting that courts had not granted due process to some of those accused of crimes against humanity committed during the 1973-1985 dictatorship. Manini also said that some were sentenced without proof or with forged evidence.

The presidency said he was removed because the decisions of the judiciary must be respected.

More than 40 members of the military have been investigated after being accused of human rights crimes.

Source: Fox News World

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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