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Trump laments military spending by U.S., China and Russia, floats deal idea

FILE PHOTO - U.S. President Trump participates in Opportunity and Revitalization Council meeting at the White House in Washington
FILE PHOTO - U.S. President Donald Trump speaks during a meeting of the White House Opportunity and Revitalization Council in the Cabinet room at the White House in Washington, U.S., April 4, 2019. REUTERS/Kevin Lamarque

April 4, 2019

WASHINGTON (Reuters) – President Donald Trump on Thursday lamented the amount of money that the United States, China and Russia spend on weapons production, including nuclear weapons, and suggested that such money could be better spent elsewhere.

Trump, during a meeting with Chinese vice premier Liu He in the Oval Office, floated the idea of following up on a potential trade deal with China with a second phase deal that addressed the issue of military spending and arms production.

“As you know China is spending a lot of money on military, so are we, so is Russia and those three countries I think can come together and stop the spending and spend on things that maybe are more productive toward long-term peace,” Trump said.

“It think it’s much better if we all got together and we didn’t make these weapons,” he said.

Asked by the president to weigh in on the suggestion, the vice premier said he thought it would be a good idea.

(Reporting by Jeff Mason; Editing by Phil Berlowitz and Grant McCool)

Source: OANN

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Oakland teachers get ready to strike for pay, class sizes

Teachers in Oakland, California, are getting ready to walk off the job Thursday in the latest strike nationwide over classroom conditions and pay.

The union representing 3,000 teachers said in a statement Wednesday that educators planned to say goodbye to students, "barring an unlikely change from the district."

The walkout would affect 36,000 students at 86 schools, which the district says will remain open with substitute teachers and non-union employees.

Teachers are seeking smaller class sizes, more counselors and full-time nurses, and a 12 percent raise retroactive from 2017 to 2020.

The district has offered a 5 percent raise, saying it's squeezed by rising costs and a budget crisis.

Other recent strikes in Denver and West Virginia also have built on a wave of teacher activism that began last spring.

Source: Fox News National

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Exclusive: Eldorado Resorts, Caesars explore merger – sources

The marquee sign at Caesars Palace in Las Vegas
FILE PHOTO: The marquee sign at Caesars Palace hotel is seen on the strip in Las Vegas, Nevada, U.S. February 16, 2011. REUTERS/Steve Marcus/File Photo

March 17, 2019

By Greg Roumeliotis

(Reuters) – U.S. casino operators Eldorado Resorts Inc and Caesars Entertainment Corp are in the early stages of exploring a merger, people familiar with the matter said on Sunday.

The deal talks come after Caesars agreed this month to give billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board seats to his representatives and a say on the selection of its next chief executive officer.

Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two companies, the sources said.

Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialize or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential.

Caesars and Eldorado have market capitalizations of $5.4 billion and $3.6 billion, respectively. They also had debt piles of $9.1 billion and $3.3 billion, respectively, as of the end of December.

Caesars declined to comment, while Eldorado did not immediately respond to a request for comment.

The combination of Caesars and Eldorado would create a more formidable competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.

“The universe of buyers (for Caesars) is limited, and Eldorado is best suited to extract full value from Caesars’ assets in our view,” Roch Capital Partners analysts wrote in a March 6 research note.

Caesars, whose casinos include the Harrah’s and Horseshoe brands, emerged from bankruptcy protection in 2017, after failing to cope with some $25 billion in debt. It had 53 properties in 14 U.S. states and five countries outside the United States, including the UK, as of the end of December.

Eldorado owns and operates 26 properties in 12 U.S. states.

Last year, Caesars rejected a merger approach by Tilman Fertitta, the billionaire owner of Golden Nugget casinos. That deal would essentially have been structured as an acquisition by Caesars given its larger size. Fertitta has not submitted any new offer for Caesars this year, according to the sources.

Caesars has also said it is exploring strategic alternatives that could lead to some kind of transaction.

Icahn has been steadily raising his stake in Caesars in anticipation of a deal. Last week, he disclosed his stake had reached 17.8 percent, up from 9.8 percent when he clinched his deal over board seats with the company on March 1.

(Reporting by Greg Roumeliotis in New York; Editing by Peter Cooney)

Source: OANN

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After drug distributor charged, Trump sets speech on opioid fight

U.S. President Trump attends the 2019 White House Easter Egg Roll in Washington
U.S. President Donald Trump attends the 2019 White House Easter Egg Roll on the South Lawn of the White House in Washington, U.S., April 22, 2019. REUTERS/Shannon Stapleton

April 24, 2019

WASHINGTON (Reuters) – President Donald Trump is expected to tout his fight against opioid abuse in remarks in Atlanta on Wednesday, a day after his administration brought its first related criminal charges against a major drug distributor and company executives.

America’s opioid epidemic, especially damaging in rural areas where Trump is popular, has been a focus for the Republican president.

Little has come of Trump’s calls for executing drug dealers, but on other fronts the administration has taken some action. Trump has worked to boost funding for treatment and raise awareness of the problem.

On Tuesday, the government charged Rochester Drug Co-operative Inc and executives of the major drug distributor. The company agreed to pay $20 million and enter a deferred prosecution agreement to resolve charges it turned a blind eye to thousands of suspicious orders for opioids.

Deaths from opioid overdose in the United States jumped 17 percent in 2017 from a year earlier to more than 49,000 according to the Centers for Disease Control and Prevention.

Deaths from synthetic opioids like fentanyl surged 45 percent in that time, according to the CDC.

Hundreds of lawsuits by state and local governments accuse drugmakers such as Purdue Pharma of deceptively marketing opioids, and distributors such as AmerisourceBergen Corp, Cardinal Health Inc and McKesson Corp of ignoring that they were being diverted for improper uses.

Trump has said he convinced Chinese President Xi Jinping in a December meeting in Argentina to designate fentanyl as a controlled substance.

China last month listed all fentanyl-related substances as controlled narcotics after criticism from Trump, though its government blamed U.S. culture for abuse of the drug and said the amount of fentanyl going from China into the United States was “extremely limited.”

Trump declared the opioid crisis a public health emergency in October 2017. He plans to provide an update on his administration’s work on the issue at the Rx Drug Abuse and Heroin Summit, a White House spokesman said.

Trump has used the crisis to support his call for building a wall on the border with Mexico, saying it would help keep out drugs and curb the crisis.

Heroin from Mexico accounted for 86 percent of the heroin found on U.S. streets, according to the Drug Enforcement Agency’s most recent annual narcotic report. Heroin, unlike fentanyl, is derived from the seeds of the opium poppy plant.

Last week, U.S. health officials said they will spend $350 million in four states to study ways to best deal with the opioid crisis on the local level, with a goal of reducing opioid-related overdose deaths by 40 percent over three years in selected communities in those states.

(Reporting by Roberta Rampton; Writing by Caroline Stauffer; Editing by Kevin Drawbaugh and David Gregorio)

Source: OANN

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Trump Repeats He Won’t Release Returns Under Audit

Facing a congressional deadline for his administration to provide his tax returns, President Donald Trump said Wednesday he "won't do it" while he is under audit by the IRS.

Trump told reporters on the White House lawn that "I would love to give them, but I'm not going to do it while I'm under audit."

Rep. Richard Neal, D-Mass., the powerful chairman of the House Ways and Means Committee, has asked the IRS to turn over six years of the president's tax returns by the end of the day.

Treasury Secretary Steven Mnuchin, who supervises the IRS, said Tuesday he is not seeking direction from the White House on whether to comply. He said the department would likely respond by Neal's deadline, but did not say whether he would provide the returns as demanded.

Democrats do not expect Treasury to comply but they have not sketched out their next steps.

Neal has adopted a methodical approach to seeking Trump's returns. He has the option of eventually seeking to subpoena the records or to go to court if the IRS does not comply, but it is not clear he will adopt a more confrontational approach just yet.

"We intend to follow through with this," Neal said Wednesday. "I'll let you know fast."

The request for Trump's tax filings is but one of many oversight efforts launched by Democrats after taking back the House in last fall's midterms. Neal is relying on a 1920s-era law that says the IRS "shall furnish" any tax return requested by the chairmen of key House and Senate committees.

Mnuchin told lawmakers Treasury will "follow the law" but has not shared the department's interpretation of the statute.

The head of the IRS, meanwhile, faced questions from lawmakers for a second day on his response to Neal's request.

"You are on the receiving end of a very aggressive political campaign by the Trump administration. . . . It is your job, and your job alone, to respond to Chairman Neal's request," Sen. Ron Wyden, D-Ore., the senior member on the Senate Finance Committee, told Commissioner Charles Rettig at a hearing by the panel.

Wyden cited the importance of the IRS to be independent of political pressure.

"We're working on a response with counsel and we will respond," Rettig said.

Rettig had agreed with Democrats on Tuesday it is primarily his decision to make — though he reports to Mnuchin.

"You must be aware that we're a bureau of Treasury, and Treasury supervises us," he told Wyden on Wednesday.

Rettig said he had not been instructed not to comply with the request by anyone acting on the White House's behalf.

Source: NewsMax America

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Jordan’s PM appeals for more aid as most Syrian refugees set to stay

FILE PHOTO: Jordan's Prime Minister Omar al-Razzaz speaks during a news conference in Amman
FILE PHOTO: Jordan's Prime Minister Omar al-Razzaz speaks during a news conference in Amman, Jordan June 19, 2018. REUTERS/Muhammad Hamed/File Photo

February 20, 2019

By Suleiman Al-Khalidi

AMMAN (Reuters) – Jordan’s Prime Minister Omar al-Razzaz appealed on Wednesday to major donors to continue multi-billion dollar funding for Syrian refugees in the kingdom, saying most of those who had fled the eight-year conflict had no intention of returning any time soon.

Razzaz told representatives of major Western donors, U.N. agencies and NGOs that relatively few refugees had gone back since Syrian President Bashar al Assad’s army last summer regained control of southern Syria, where most had fled from.

“The number of refugees that so far returned voluntarily is low and most have no intention of going back any time soon,” Razzaz told a meeting to launch a U.N-funded government plan that earmarks $2.4 billion in funding needs for 2019.

Officials say only around 10,000 refugees out of a total estimated at 1.3 million had left since the two countries opened the vital Nassib-Jaber border crossing last October.

Razzaz echoed the U.N. view that unstable conditions inside Syria, where large-scale destruction, fear of retribution and military conscription has made many reluctant to return.

“We are now entering a new phase of the Syrian crisis, however the impact is still ongoing. The conditions for their return are not present,” Razzaz added.

The prime minister warned against donor fatigue in a protracted crisis where the needs of refugees and vulnerable Jordanians were largely unchanged.

Maintaining funding that covers education, health and crucial services for tens of thousands of Syrian refugees and local communities was crucial to ease rising pressures on the debt-burdened economy, he added.

“Aid helped Jordan in staying resilient in a difficult regional setting,” Razzaz said, adding the refugee burden had strained meager resources such as water and electricity, with a donor shortfall covered from state finances.

Jordan is struggling to rein in record public debt of $40 billion, equivalent to 95 percent of gross domestic product, under a tough International Monetary Fund (IMF) austerity plan.

Major donors say more than $6 billion had been extended to Jordan since 2015, which economists credit for rejuvenating once sleepy northern border towns, while refugee entrepreneurship brought a pool of cheap labor and new skills, triggering a property boom and higher productivity.

The kingdom received around $1.6 billion last year alone.

“The level of funding to Jordan that still remains is exceptional in global comparison,” said U.N. Resident and Humanitarian Coordinator Anders Pedersen, adding needs had evolved from the humanitarian aid required early in the conflict to development projects that benefit the economy.

(Reporting by Suleiman Al-Khalidi; Editing by David Holmes)

Source: OANN

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BBVA chairman says bank will continue working to clarify facts in spying case

FILE PHOTO: The headquarters of the Spanish bank BBVA in Madrid
FILE PHOTO: The headquarters of the Spanish bank BBVA are seen in Madrid, Spain, June 12, 2018. REUTERS/Juan Medina/File Photo

March 15, 2019

MADRID (Reuters) – Spain’s executive chairman Carlos Torres on Friday said the bank would continue its investigations in to a spying case allegedly involving the former chairman Francisco Gonzalez and will fully cooperate with judicial authorities.

On Thursday, the honorary chairman Gonzalez stepped down while awaiting the results of the inquiry.

“In relation to the case, BBVA will continue investigating rigorously, also actively collaborating with the justice to clarify the facts,” Torres said in Bilbao ahead of the annual shareholders meeting.

(Reporting By Jesús Aguado; editing by Paul Day)

Source: OANN

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Joe Biden’s brain surgeon said his former patient is “totally in the clear” as speculation over the candidate’s health — with Biden possibly becoming the oldest president in U.S. history — is likely to become a campaign issue.

The former vice president, who had been perceived by many as the strongest potential contender for the Democratic Party’s 2020 presidential nomination, formally announced his candidacy Thursday.

But Biden’s age – 76 – is expected to become a source of attacks from a younger generation of Democrats not because of obvious generational differences, but possibly for actual health concerns if Biden gets into office.

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

Biden himself agreed last year that “it’s totally legitimate” for people to ask questions about his health if he decides to run for president, given his medical history — which has included brain surgery in 1988.

“I think they’re gonna judge me on my vitality,” Biden told “CBS This Morning.” “Can I still run up the steps of Air Force Two? Am I still in good shape? Am I – do I have all my faculties? Am I energetic? I think it’s totally legitimate people ask those questions.”

“I think they’re gonna judge me on my vitality. …  I think it’s totally legitimate [that] people ask those questions.”

— Joe Biden

But Dr. Neal Kassell, the neurosurgeon who operated on Biden for an aneurysm three decades ago, told the Washington Examiner that Biden appears to be “totally in the clear” — and even joked that the operation made Biden “better than how he was.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it,” Kassell said. “That’s more than I can say about all the other candidates or the incumbents.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it.”

— Dr. Neal Kassell

BIDEN’S CLAIM HE DIDN’T WANT OBAMA TO ENDORSE TRIGGERS MOCKERY

At the same time, however, Biden hasn’t been forthcoming about his health at least since 2008 when he released his medical records as a vice presidential candidate. The disclosure that time revealed some fairly minor issues such as an irregular heartbeat in addition to detailing previous operations, including removing a benign polyp during a colonoscopy in 1996, the outlet reported.

It remains unclear if Biden had more aneurysms. Some medical experts say that people who have had an aneurysm can have another one.

An aneurysm, or a weakening of an artery wall, can lead to a rupture and internal bleeding, potentially placing a patient’s life in jeopardy.

Biden won’t be the only Democrat grappling with old age. Sen. Bernie Sanders, another 2020 frontrunner, is currently 77 years old and agreed with Biden last year that their ages will be an issue in the race.

“It’s part of a discussion, but it has to be part of an overall view of what somebody is and what somebody has accomplished,” Sanders told Politico.

“Look, you’ve got people who are 50 years of age who are not well, right? You’ve got people who are 90 years of age who are going to work every day, doing excellent work. And obviously, age is a factor. But it depends on the overall health and wellbeing of the individual.”

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Sanders released his medical records in 2016, with a Senate physician saying in a letter that the senator was “in overall very good health.”

Source: Fox News Politics

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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