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Multiple fatalities at New Zealand mosque shooting: police 

New Zealand police said one person was in custody in connection with a mass shooting that claimed multiple lives at two mosques in the city of Christchurch Friday.

The name of the person detained by authorities was not released. Officers responded to a shooting at the Masjid Al Noor Friday afternoon where witnesses said several people had been killed and injured.

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Details on the shooting were not released and no official number of casualties were given. Prime Minister Jacinda Ardern said Friday's events were "one of New Zealand's darkest days."

The Associated Press contributed to this report. 

Source: Fox News World

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Rush: Liberal Media Wanted to Believe Smollett

The liberal media likely knew actor Jussie Smollett's attack claims were fake but reported them as true because they "want them to be," conservative radio show host Rush Limbaugh said Thursday following Smollet's arrest for disorderly conduct for allegedly filing a false police report claiming two men attacked him last month.

Smollett, said Chicago police, paid the two men $3,500 to stage an attack on himself because he was "dissatisfied with his salary, and told police one of the attackers said, 'This MAGA country, n****r.'"

Limbaugh also slammed Sen. Kamala Harris, D-Calif., and Rep. Cory Booker, D-N.J., for their initial reaction, saying Harris "couldn't wait to believe this."

Both lawmakers called Smollett's descriptions of the alleged attack an "attempted modern-day lynching." 

"The left is nothing but phony hate crimes, phony alleged hate crimes, phony charges, made-up stories," Limbaugh said.

The media, celebrities, and presidential candidates signed on to it and tweeted "what a rotten place America is because of it," Limbaugh said.

"It's just outrageous what the left is doing to this country and the picture of this country that they're painting each and every day, the false narratives that they are establishing, many of which they know to be untrue," he added.

Source: NewsMax America

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Google’s Always Listening: Nest Security System Has A Secret Embedded Microphone

Surprise! Another smart home device has the ability to spy on people.

I doubt anyone who is reading this will be shocked by this news, but here we go.

Back in early February, tech giant Google announced that Nest Secure, its home security and alarm system, was now compatible with the company’s Home Assistant voice-control function.

Here is an excerpt from that announcement:

Nest Secure has supported Google Assistant integration for quite some time, but with this most recent update, the product is taking that to a new level by turning itself into a Google Assistant speaker. This is just like what the Nest Cam IQ did last year. With the flip of a switch in the Nest app, you can set the Secure as an always-listening Assistant speaker. (source)

The problem?

Nest users didn’t know a microphone existed on their security device, to begin with.

In order to be compatible with a voice control feature, the device would need to have a microphone.

But Google never mentioned there was a microphone embedded in the device.

That important detail was never disclosed in any of the product material for the device, which has been on the market since 2017.

“As recently as January, the product specs for the device made no mention of a microphone,” the Associated Press reports.

A Google spokesperson told Business Insider this was an “error.”

“The on-device microphone was never intended to be a secret and should have been listed in the tech specs. That was an error on our part. The microphone has never been on, and is only activated when users specifically enable the option.

Security systems often use microphones to provide features that rely on sound sensing. We included the mic on the device so that we can potentially offer additional features to our users in the future, such as the ability to detect broken glass.” (source)

This is the second time Nest made the news this month.

On February 6, owners of Nest security cameras received an email from Google, warning them to secure their login credentials with things like two-factor identification and stronger passwords.

The reason?

The routine security reminder comes after an uptick in Nest camera hacks and even the occasional hoax, many of which have been downright bizarre and creepy: An Illinois family recently had its device breached by a hacker who spewed abusive epithets through the camera’s microphone into their living room, while another criminal peered into a baby’s room in Houston, Texas, for example. (source)

Google claimed the email was sent as a reminder and said there hadn’t been a breach of the broader Nest user base. As of February 2018, Nest had at sold 11 million of the devices.

This excerpt from the email was published by Popular Mechanics:

For context, even though Nest was not breached, customers may be vulnerable because their email addresses and passwords are freely available on the internet. If a website is compromised, it’s possible for someone to gain access to user email addresses and passwords, and from there, gain access to any accounts that use the same login credentials. For example, if you use your Nest password for a shopping site account and the site is breached, your login information could end up in the wrong hands. From there, people with access to your credentials can cause the kind of issues we’ve seen recently. (source)

Google has faced criticism in the past for its location data-tracking practices, along with allowing third-party developers to read people’s emails on Gmail, reports CNET.

And, Business Insider reminds us that in 2010, Google acknowledged that its fleet of Street View cars “accidentally” collected personal data transmitted over consumers’ unsecured WiFi networks, including emails.

Google can apologize and make excuses all it wants, but more and more people aren’t buying it.

“Nest’s failure to disclose the onboard microphone included in its secure home security system is a massive oversight,” said Ray Walsh, a digital privacy expert at BestVPN.com. “Despite Google’s assurances, the fact is that the device has a microphone which could potentially have been hacked or accessed by Google to perform covert corporate surveillance.”

The Register asked Google if any Nest microphones had been activated prior to the company’s announcement of their existence and whether the company could confirm that no audio data was collected during that period. “Google claims that the mics were never used prior to disclosure, which would preclude the possibility of covert data collection,” the tech site reports.

The Electronic Privacy Information Center (EPIC) has asked the Federal Trade Commission (FTC) to force Google to sell its Nest division and surrender any data that was collected from Nest customers.

In a brief statement on its website, the nonprofit privacy and civil liberties advocacy group said:

Following reports that Google installed secret listening devices in the homes security product Nest, EPIC asked the Federal Trade Commission to require Google to spin-off Nest and to disgorge the data obtained from Nest users. It is a federal crime to intercept private communications or to plant a listening device in a private residence. (source)

Google isn’t exactly known for being an ethical company.

Last year, Google came under fire for its participation in a controversial Pentagon program called Project Maven, which would use AI and machines to track and identify objects using drones for the Department of Defense.

Even Google employees objected to the company’s involvement in that program. In a letter signed by more than 3,100 Google employees, the workers stated: “We believe that Google should not be in the business of war… We cannot outsource the moral responsibility of our technologies to third parties.” It was reported that about a dozen employees resigned in protest over the project.

The Intercept reported that Google was forced to shut down the project after members of the company’s privacy team raised internal complaints that it had been kept secret from them.

In late 2018, more than 1,400 Google staff, many journalists, and human rights organizations called on Google to halt a controversial project called Dragonfly, a highly censored Chinese search engine:

Dragonfly is a search engine specially built for China. It would unleash more censorship on a mass scale by selectively blocking certain search terms, apparently at the behest of China’s government. Human rights groups are blasting the company for aiding and abetting China’s mass surveillance and rights violations which could result in potential imprisonment. (source)

Google used to have an iconic clause in its code of conduct that said, “Don’t be evil.” Last year, that clause was removed.


Alexandria Ocasio-Cortez posted a video on Instagram in which she said it’s logical for this generation to reconsider having children because of climate change affecting the globe. Alex exposes this eugenics talking point now going mainstream.

Source: InfoWars

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Toshiba shares fall after sale of U.S. LNG business canceled

The logo of Toshiba Corp is seen at its headquarters in Tokyo
The logo of Toshiba Corp is seen at its headquarters in Tokyo, Japan, November 6, 2015. REUTERS/Yuya Shino

April 12, 2019

TOKYO (Reuters) – Toshiba Corp shares fell on Friday after the collapse of an agreement to offload its U.S. liquefied natural gas (LNG) business, a new blow for the Japanese conglomerate which has been shedding assets to turn around its business.

Toshiba said late on Thursday that China’s ENN Ecological Holdings Co had scrapped an agreement to take over the LNG business due to a failure to get approvals from shareholders and a U.S. panel that monitors foreign investments.

Toshiba shares fell as much as 5.4 percent to 3,485 yen and were trading at 3,685 yen by around 0030 GMT.

Toshiba must now look for a new buyer for the business that it previously said could potentially cause losses of as much as 1 trillion yen ($9 billion).

A failure to find a buyer could derail Toshiba’s recovery from the fallout of the bankruptcy of its U.S. nuclear power unit Westinghouse, analysts have said.

(Reporting by Aaron Sheldrick; Editing by Stephen Coates)

Source: OANN

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Canadian dollar notches two-week high on rising U.S.-China trade deal hopes

A Canadian dollar coin, commonly known as the
A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File Photo

February 22, 2019

By Fergal Smith

TORONTO (Reuters) – The Canadian dollar strengthened to its highest in more than two weeks against the greenback on Friday, as hopes rose for a trade deal between the United States and China and as domestic data showed a lower-than-expected drop in retail sales.

At 4:36 p.m. (2136 GMT), the Canadian dollar was trading 0.7 percent higher at 1.3144 to the greenback, or 76.08 U.S. cents, its biggest gain this month.

The currency touched its strongest level since Feb. 6 at 1.3134. For the week, it was up 0.8 percent.

“It is less about the loonie and more about the U.S. dollar, generally driven by a combination of dovish Fedspeak and optimism on trade,” said Eric Theoret, a currency strategist at Scotiabank. “It’s helping all of the commodity currencies.”

The Federal Reserve will keep an open mind as it begins a broad review this year of its monetary policy framework that could result in changes to how it goes about ensuring that prices remain stable and employment plentiful, Fed vice chair Richard Clarida said.

U.S. President Donald Trump said that he expects to meet China’s leader, Xi Jinping, soon and said they may nail down the final points of a trade deal.

Canada exports many commodities, including oil, so its economy could benefit from an improved outlook for global trade.

Oil touched its highest since mid-November as hopes of a U.S.-China trade deal offset a new record U.S. oil supply. U.S. crude oil futures settled up 0.5 percent at $57.26 a barrel.

Canadian retail sales fell by 0.1 percent in December from November to C$50.35 billion, due to lower gasoline prices, Statistics Canada said. Analysts had forecast a 0.3 percent decrease.

In volume terms, retail sales increased 0.2 percent.

“The slight increase in volumes will see monthly GDP tracking forecasts around the 0.0 percent mark for December, which isn’t great, but is better than what we had been fearing heading into the week,” Royce Mendes, a senior economist at CIBC Capital Markets, said in a research note.

Data from the U.S. Commodity Futures Trading Commission and Reuters calculations showed that speculators cut their bearish bets on the Canadian dollar.

As of Feb. 5, net short positions had fallen to 42,037 contracts from 56,390 in the prior week.

Canadian government bond prices were higher across a flatter yield curve, with the 10-year rising 28 Canadian cents to yield 1.891 percent.

(Reporting by Fergal Smith; editing by Jonathan Oatis and Tom Brown)

Source: OANN

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IOC urges India isolation after Pakistani athletes denied visas

IOC members talk at the end of the 133rd IOC session in Buenos Aires
FILE PHOTO: Members of the International Olympic Committee (IOC), talk at the end of the 133rd IOC session in Buenos Aires, Argentina October 9, 2018. REUTERS/Marcos Brindicci

February 22, 2019

NEW DELHI (Reuters) – The International Olympic Committee have suspended all Indian applications to host future events and urged international sports federations not to stage competitions in the country after two Pakistanis were denied visas to compete in New Delhi.

The denial of entry visas for two shooters due to take part in a World Cup event in the Indian capital this weekend followed last week’s attack by a Pakistan-based militant group in the disputed region of Kashmir, which killed at least 40 paramilitary police.

India has accused its neighbor of not doing enough to control the militant groups responsible for the Kashmir attacks. Pakistan has denied any involvement.

The IOC said the refusal of visas for competitors went against the principles of the Olympic charter relating to discrimination and political interference from the host country.

“Since becoming aware of the issue, and in spite of intense last-minute … efforts … and discussions with the Indian government authorities, no solution has been found to allow the Pakistani delegation to enter India in time to compete,” the IOC statement said.

“As a result, the IOC Executive Board also decided to suspend all discussions with the Indian NOC and government regarding the potential applications for hosting future sports and Olympic-related events in India,” it said.

The body also urged all international sports federations not to hold events in India, or grant hosting rights to the country for future competitions, until the government had provided “clear written guarantees” to ensure access for all athletes.

The Indian Olympic Association last year laid out an ambitious roadmap to host the Youth Olympics in 2026, the Asian Games in 2030 and the Summer Olympics for the first time in 2032.

The shooters were scheduled to take part in the 25m pistol event and the IOC said two spots at next year’s Tokyo Olympics that had been up for grabs in that competition had been revoked.

The International Shooting Sport Federation said on Wednesday it faced “an urgent situation as Pakistani athletes cannot get entry visas to participate in the competition” because of the Kashmir attack.

The IOC said Olympic berths would still be up for grabs in other events.

“The IOC restricted the withdrawal of recognition as an Olympic qualification event to the 25m rapid fire pistol competition in which the two Pakistani athletes were supposed to participate,” it said.

“This happened in the interest of the other 500 athletes from 61 countries participating in the other events who are already in India for their competition.”

(Writing by Nick Mulvenney in Sydney; Editing by Paul Tait)

Source: OANN

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Man who found dead baby in 1981 reflects on mother's arrest

A Sioux Falls man who discovered a dead infant in a ditch 38 years ago said following the arrest of the child's biological mother that he still mourns the loss of a child he wishes he had found alive.

Lee Litz told the Sioux Falls Argus Leader that he cried tears of relief when he learned Theresa Bentaas, 57, had been charged with murder and manslaughter in the killing of the child known as Baby Andrew.

Litz found the boy's body wrapped in a blanket in a cornfield ditch in February 1981.

Litz said his family and the 50 strangers who attended the infant's funeral are the boy's true family, even though they didn't know him or his parents. Litz said his wife was pregnant when he discovered the baby and he was already a father, so he couldn't comprehend why someone would leave their child to die.

"It was a human life. He never got the chance to live," Litz said. "There are times when I wish I hadn't found him and there are times that I'm glad I did. I just wish I found him earlier, when he was still alive."

His 37-year-old daughter, Crystal Litz-Oestreich, said she and her family hope for justice for the child whose body was found just months before she was born.

"Bentaas threw him away like trash," Litz-Oestreich said.

Sioux Falls Police used DNA to determine Bentaas was the biological mother and arrested her Friday.

Bentaas' attorney, Raleigh Hansman, declined to comment Monday afternoon. She argued at a bond hearing earlier Monday that Bentaas should be released on her own recognizance, arguing that she is a lifelong Sioux Falls resident with no criminal history and "not a danger to this community." Judge Pat Schroeder granted prosecutors' request for $250,000 cash-only bond.

Bentaas told authorities last month that she concealed her pregnancy from her friends and family and gave birth alone in her apartment, according to an affidavit. Bentaas said she drove the infant to the area where he was later discovered and left him there to die.

Bentaas said she was "young and stupid" and felt sad and scared as she drove away, according to the court document.

Litz said that's no excuse.

"What she did 38 years ago was wrong. It doesn't matter how long it's been," Litz said. "As far as her, I don't have any sympathy for her."

___

Information from: Argus Leader, http://www.argusleader.com

Source: Fox News National

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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