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Cyclone hit millions across Africa in record disaster: U.N.

A general view shows destruction after Cyclone Idai in Beira
A general view shows destruction after Cyclone Idai in Beira, Mozambique, March 16-17, 2019 in this still image taken from a social media video on March 19, 2019. Care International/Josh Estey via REUTERS

March 19, 2019

MAPUTO/HARARE (Reuters) – Cyclone winds and floods that swept across southeastern Africa affected more than 2.6 million people and could rank as one of the worst weather-related disaster recorded in the southern hemisphere, U.N. officials said on Tuesday.

Rescue crews are still struggling to reach victims five days after Cyclone Idai raced in at speeds of up to 170 kph (105 mph) from the Indian Ocean into Mozambique, then its inland neighbors Zimbabwe and Malawi.

Aid groups said many survivors were trapped in remote areas, surrounded by wrecked roads, flattened buildings and submerged villages.

“There’s a sense from people on the ground that the world still really hasn’t caught on to how severe this disaster is,” Matthew Cochrane, spokesman for International Federation of Red Cross and Red Crescent Societies, told a U.N. briefing in Geneva.

“The full horror, the full impact is only going to emerge over coming days,” he added.

The official death count in Mozambique stands at 84 – but its president Filipe Nyusi said on Monday he had flown over some of the worst-hit zones, seen bodies floating in rivers and now estimated more than 1,000 people may have died there.

The cyclone hit land near Mozambique’s port of Beira on Thursday and moved inland throughout the weekend, leaving heavy rains in its wake on Tuesday.

Studies of satellite images suggested 1.7 million people were in the path of the cyclone in Mozambique and another 920,000 affected in Malawi, Herve Verhoosel, senior spokesman at the U.N World Food Programme said. It gave no figures for Zimbabwe.

WORST FEARS

Several rivers had broken their banks, or were about to, leaving a huge area covered by the waters, and only accessible by air and water, Lola Castro, WFP regional director for Southern Africa, told the U.N. briefing by phone from Johannesburg.

Heavy rains preceded the cyclone, compounding the problems, said Clare Nullis of the U.N. World Meteorological Organization said .

“It the worst fears are realized … then we can say that it is one of the worst weather-related disasters, tropical-cyclone-related disasters in the southern hemisphere.” Droughts are classed as climate-related not weather-related.

In Beira, a low-lying coastal city of 500,000 people, Nullis said the water had nowhere to drain. “This is not going to go away quickly,” she said.

Beira is also home to Mozambique’s second largest port, which serves as a gateway to landlocked countries in the region.

The control room of a pipeline that runs from Beira to Zimbabwe and supplies the majority of that country’s fuel had been damaged, Zimbabwe’s Energy Minister Jorum Gumbo told state-owned Herald newspaper on Tuesday.

“We, however, have enough stocks in the country and I am told the repairs at Beira may take a week,” he was quoted as saying.

(Reporting Manuel Mucari in Maputo and Macdonald Dzirutwe in Harare; Additional reporting by Tom Miles in Geneva and Mfuneko Toyana and Emma Rumney in Johannesburg; Editing by Catherine Evans and Andrew Heavens)

Source: OANN

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FBI’s ‘art cops’: In hot pursuit of Renoirs, Rembrandts and ruby slippers

FILE PHOTO: Minneapolis Division of the FBI image of a pair of ruby slippers featured in the classic 1939 film The Wizard of Oz
FILE PHOTO: A pair of ruby slippers featured in the classic 1939 film The Wizard of Oz and stolen from the Judy Garland Museum in Grand Rapids, Minnesota in 2005, is shown after it was recovered in a sting operation conducted in Minneapolis earlier this summer in this FBI Minneapolis, Minnesota, U.S., image released on September 4, 2018. Courtesy FBI/Handout via REUTERS/File Photo

April 10, 2019

By Peter Szekely

NEW YORK (Reuters) – When a 17th century Dutch painting looted by the Nazis turned up for sale in New York in late 2017, the FBI’s Art Crime Team moved in, verified its identity and helped win a court order to return the work to its rightful owners.

It was the latest of many high-profile cases for the 22-person Federal Bureau of Investigation division dedicated to solving a wide array of art-related crimes at an agency that is better known for chasing bank robbers, spies and other criminal rogues.

Solomon Koninck’s 17th-century painting “A Scholar Sharpening His Quill,” was one of many treasures belonging to the family of art collector Adolphe Schloss that were seized by the Nazi-supporting Vichy government in France 75 years ago. The portrait, which once adorned Adolph Hitler’s Munich offices, disappeared at the end of World War Two.

It resurfaced at Christie’s auction house, which tipped off the FBI unit last year that a Chilean art dealer was trying to sell it.

“The evidence was really overwhelming,” FBI Special Agent Chris McKeogh said, days after the work’s formal repatriation to the Schloss heirs in early April. “There was really no question that this was the painting in question.”

In its early days, recalled Robert Wittman, the Art Crime Team’s founding chief, being art cops was not exactly “a path to directorship.”

But after 14 years, the team is getting more respect from fellow agents after several headline-grabbing recoveries in the United States of art works and other cultural property, Supervisory Special Agent Tim Carpenter said.

“People just think what we’re doing is cool,” said Carpenter, who now runs the unit from the FBI’s Washington headquarters.

“I think we’ve changed a lot of perceptions, even within the organization,” he said. “So now my phone rings off the hook weekly for folks wanting to be on the team.”

Since it was founded in 2005, the team has recovered nearly 15,000 objects worth nearly $800 million and secured more than 90 convictions.

CHAGALL, RENOIR AND RUBY SLIPPERS

Last year alone, its recoveries included a painting by Marc Chagall that had been taken from the Manhattan home of an elderly couple nearly 30 years earlier, a Nazi-looted work by artist Auguste Renoir and a pair of “ruby slippers” worth millions worn by Judy Garland as Dorothy in the 1939 movie “The Wizard of Oz.”

It is not the money, Carpenter stressed, but rather the “intrinsic value” of stolen art and cultural property – anything from baseball cards to a $5 million Stradivarius – that determines whether the FBI will pursue it.

The red sequined shoes stolen from the Judy Garland Museum in Minnesota 13 years ago were a prime example.

“People responded to that case,” he said. “They said this is really important; this is a piece of Americana.”

Agents selected for the team must understand why art and culture matter to humanity, Carpenter said.

Agent McKeogh pinpointed his art awakening to a college backpacking trip in Paris. On an obligatory visit to the Mona Lisa at the Louvre, he happened to pass Pierre-Narcisse Guerin’s 18th-century oil painting “The Return of Marcus Sextus.”

“I found a painting that spoke to me and spent about a half-hour sitting in front it,” said McKeogh, who is based in New York. “And from there, I was really hooked.”

MOST VEXING UNSOLVED CASE

The United States was lagging far behind European countries in art crime-fighting resources when Wittman helped launch the team in 2005, partly to track down antiquities that were looted from the Baghdad Museum after the U.S.-led invasion of Iraq.

Now a private consultant, Wittman was the bureau’s original art sleuth. He said art thieves were always most vulnerable when they tried to unload their high-profile, ill-gotten gains.

“The real art in art heists is not the stealing, it’s the selling,” said Wittman, who had recovered more than $300 million in stolen art when he retired in 2008 after 20 years.

While there are no reliable statistics on art crime, Carpenter said he thinks technology is making things worse because stolen works and forgeries can be sold anonymously on online marketplaces.

If the Art Crime Team’s most vexing case is a daring 1990 heist at the Isabella Stewart Gardner Museum in Boston in which thieves made off with 13 pieces by Dutch masters Rembrandt and Vermeer and other artists worth half a billion dollars.

Despite a $10 million reward, none of them has been recovered, and the theft, considered to be among the biggest in art history, looms as the team’s most glaring unsolved case.

“There’s not a single person on the Art Crime Team that doesn’t dream of the day that we can recover those pieces,” said Carpenter.

(Reporting by Peter Szekely; Editing by Susan Thomas)

Source: OANN

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Canadians question ratification of new North American trade deal: Ottawa

FILE PHOTO: Munich Security Conference in Munich
FILE PHOTO: Canada's Minister of Foreign Affairs Chrystia Freeland attends the annual Munich Security Conference in Munich, Germany February 15, 2019. REUTERS/Andreas Gebert/File Photo

March 25, 2019

OTTAWA (Reuters) – Many Canadians question why Ottawa should ratify a new North American free trade deal given Washington’s refusal to lift U.S. tariffs on exports of steel and aluminum, a top Canadian official said on Monday.

Foreign Minister Chrystia Freeland made her remarks to reporters in Washington after meeting U.S. Trade Representative Robert Lighthizer to insist on the removal of the sanctions, which were imposed last year.

(Reporting by David Ljunggren; Editing by Chizu Nomiyama)

Source: OANN

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Wall Street analysts cut 737 MAX delivery forecast

FILE PHOTO: Boeing logo at their headquarters in Chicago
FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/File Photo/File Photo

April 8, 2019

(Reuters) – Boeing Co is now unlikely to deliver more than 500 of its 737 MAX planes to customers this year, and even that will depend on a swift removal of an effective halt in deliveries after June, Wall Street analysts said on Monday.

Deliveries of Boeing’s best-selling aircraft have been frozen by a global grounding of the jet following the crash of an Ethiopian Airlines flight on March 10, which killed all 157 people onboard.

The company’s delivery numbers for March are due to be published on Tuesday and are expected to show customers took less than half of a previous consensus estimate of 46 planes as the groundings prevented flights. An estimate for March last week from another brokerage, Baird, was as low as 19 planes.

Yet Wall Street has been slow to draw conclusions about what that means for how many 737 MAX aircraft Boeing will deliver to customers this year and how many it will have to keep on its own books – even after announcing on Friday it will cut production by 10 planes a month or roughly 20 percent.

Of five well-known brokerages that produce estimates for Boeing’s full-year numbers, Cowen and Jefferies cut their 2019 delivery forecast following Boeing’s decision to lower production.

Cowen now expects full-year deliveries of “around 500”, down from its earlier forecast of 630 737 MAX jets. Jefferies expects Boeing to deliver 497 737 MAX planes, down from 580.

Cowen analysts said in a note that, to deliver even 500 MAX jets this year, Boeing would have to ramp up deliveries to foreign airlines swiftly in the second half.

“It looks like BA won’t deliver its MCAS fix to the FAA until late April and the FAA will have to test the fix before approving it and lifting the grounding,” Cowen and Co analysts said.

“This could delay a resumption of MAX deliveries to U.S. carriers (10% of backlog or ~480 planes) until June … foreign deliveries may not resume until Q3 or possibly Q4,” they added.

The brokerage said while the production rate cut should help resolve the “MAX crisis”, limiting the risk of a massive inventory build-up, it would mean a large 2019 cash hit.

Cowen and Co also reduced its price target on the world’s largest planemaker to $460 from $475 per share.

For a graphic on Boeing shares after second fatal crash, see – https://tmsnrt.rs/2D4i2vp

Analysts have also indicated that Boeing will bear a financial penalty for direct costs such as customers concessions and productivity loss from disruptions associated with the fleet grounding.

Of the 26 analysts covering Boeing, four now have a “hold” rating on the stock, according to Refinitiv Eikon data, while two rate it as “strong sell”.

The grounding on 737’s has so far wiped off nearly $25 billion from Boeing’s market value, making it one of the worst performers on the Dow Jones Industrial Average this year.

Boeing’s decision to cut the production of its 737 aircraft hit the shares of its suppliers on Monday, while its European rival Airbus rose.

For a graphic on Suppliers after second Boeing crash, see – https://tmsnrt.rs/2DeeqXZ

(Reporting by Karina Dsouza and Noor Zainab Hussain in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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Cyprus fears possible serial killer after bodies of two women are discovered in mineshaft

Authorities on Cyprus fear they may be dealing with a possible serial killer after the bodies of two women were discovered days apart in a flooded mineshaft on the small Mediterranean island nation.

Officials said Monday that the bodies of the two women were discovered six days apart at an abandoned mine located about 17 miles west of the capital Nicosia.

“This is a form of crime unprecedented for the norms of Cyprus," Cyprus Police Chief Zacharias Chrysostomou told reporters. "It’s premature to assess the extent of this crime."

MEXICO MURDER RATE SOARS TO UNPRECEDENTED LEVELS IN 2019, DATA SHOWS

Fire Service Chief Marcos Trangolas said the search of a nearby lake is set to continue Tuesday with underwater cameras and robotic equipment, In-Cyprus reported.

Cypriot investigators and police search a flooded mineshaft where two female bodies were found, outside Mister village near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Cypriot investigators and police search a flooded mineshaft where two female bodies were found, outside Mister village near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

“You appreciate that this is a very sensitive issue. We are examining the possibility there may be other bodies,"  Trangolas told reporters. "The search will continue for as many days as necessary and until we have definitive answers."

The first body, a 38-year-old Filipino woman, was discovered on April 14. The woman and her 6-year-old daughter have been missing since May 2018, according to Reuters. Authorities returned on Monday to search the mineshaft and nearby lake for any possible sign of the girl.

The second body was discovered on April 20 and is believed to be a 28-year-old woman who is also Filipino and was reported missing last year. Her identity, however, has not yet been confirmed by authorities.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

Authorities have taken a 35-year-old Cypriot military officer into custody, who now faces charges of premeditated murder and kidnapping with intent to commit premeditated murder in connection with the killings. A law enforcement official told the Associated Press that during questioning, the officer admitted killing the women.

He also admitted to dumping the body of the girl into a lake but claimed she had died after choking on her own vomit, according to In-Cyprus.

In a court hearing, police said the army officer was suspected of having approached both the woman on an online dating site.

Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six year-old daughter of one of the victims.

Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six year-old daughter of one of the victims. (AP Photo/Petros Karadjias)

The state-run Cyprus News Agency reported that investigators said at a court hearing that the man in custody told investigators he met the second victim online and strangled her after they had sex.

SRI LANKA CHURCH, HOTEL MASSACRE VICTIMS INCLUDE TV CHEF, MOTHER AND SON, AMERICANS

Both women had worked in Cyprus, which has a sizeable Filipino population.

The killings have sparked uproar among the Filipino community on the island, who claim that authorities did not investigate further when the women were first reported missing.

“They said they probably crossed to the north," Ester Beatty, chairperson of the Federation of Filipino Organizations of Cyprus, told the Cyprus Mail. "Now it has come to this."

Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six year-old daughter of one of the victims.

Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six year-old daughter of one of the victims. (AP Photo/Petros Karadjias)

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Chrysostomou said Monday his department would work to address any shortcomings the case exposes, but also disclosed the scale of the crimes could be ever larger.

Officials had to temporarily suspend a search in the mine shaft where the bodies were found after there was an indication that some beams were at risk of collapsing.

The search of the mineshaft will resume once inspectors make sure it is safe for crews to enter, according to Trangolas.

The Associated Press contributed to this report.

Source: Fox News World

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Man Charged With Throwing Child From 3rd Floor Balcony at Mall of America

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Autonomy founder Lynch was scapegoat for HP’s incompetence, court told

British entrepreneur Mike Lynch leaves the High Court in London
British entrepreneur Mike Lynch leaves the High Court in London, Britain March 25, 2019. REUTERS/Henry Nicholls

March 27, 2019

By Georgina Prodhan and Paul Sandle

LONDON (Reuters) – Hewlett-Packard botched its $11.1 billion acquisition of Autonomy and then tried to cover up its own mismanagement by accusing the British software company’s founder Mike Lynch of fraud, a London court was told on Wednesday.

HP is suing Lynch, once hailed as Britain’s answer to Bill Gates, along with his former finance chief Sushovan Hussain for more than $5 billion after the 2011 Autonomy deal went disastrously wrong for the Silicon Valley group.

Lynch denies any wrongdoing and says HP’s mismanagement was responsible for the failure of the acquisition. Hussain also denies any wrongdoing.

HP wrote down the value of Autonomy by $8.8 billion, saying it had uncovered serious accounting improprieties. HP is suing Lynch and Hussain for $5 billion of that amount making the case Britain’s biggest-ever fraud trial.

HP’s lawyers told the court when the case opened this week that Autonomy had inflated its true value through a series of fraudulent transactions, such as selling hardware at a loss and so-called round-trip deals – a type of barter with no real commercial rationale – masterminded by Lynch.

In his opening argument for Lynch’s defense, Robert Miles QC said HP had only discovered a small number of historical deals which were said to have some or other wrongful feature, despite spending several years and huge sums of money on its search.

“All the deals now attacked were real commercial deals with real counterparties. The suggestion that Dr Lynch was in the business of conning HP is unreal,” he told London’s High Court.

“HP, on the other hand, was a vast but floundering company.”

Lynch also faces criminal fraud charges in the United States, which carry a maximum term of 20 years. Hussain has been convicted of fraud in a U.S. case related to the deal.

STRATEGY REVERSAL

A year after acquiring Autonomy, HP threw out Chief Executive Leo Apotheker, the architect of the deal which was supposed to transform the computer and printer maker, one of Silicon Valley’s original companies, into a more profitable group centered on business software and services.

Apotheker was replaced by Meg Whitman, who planned to refocus the company on its core hardware strengths after an outcry from shareholders over the new strategy and a steep decline in HP’s share price.

“Autonomy was left as HP’s unwanted stepchild,” said Miles.

Both Apotheker and Whitman are expected to appear as witnesses in the London trial.

As the case opened on Monday, HP’s lawyer Laurence Rabinowitz QC said the U.S. company had been led to believe it was buying a fast-growing, pure software company.

He told the court that Lynch and Hussain had knowingly been involved in “widespread and systematic false accounting” to create a materially false picture of Autonomy’s finances.

Autonomy had engaged in “revenue-pumping” by encouraging customers to buy its products in exchange for buying goods from them that it did not need, restructuring deals to produce upfront license fees, and covertly selling pure hardware not even programmed with its software at a loss, Rabinowitz said.

Lynch’s lawyer told the court that it was absurd to think the 53-year-old was making detailed, day-to-day accounting decisions. Rather he relied on a finance department overseen by an audit committee and the company’s auditors, Miles said.

Miles also said it was impossible to understand why Lynch would have taken an executive position at HP after the deal if he really had committed a huge fraud with the U.S. company as its victim.

“The case that we’re now hearing being advanced entails that Dr Lynch must have been monumentally dim and, as you’ll see, there’s no chance that he is,” Miles said.

Lynch attended the court session but is not expected to be questioned until around July.

Miles also told the court that the $5 billion figure for which Lynch and Hussain are being sued was not based on HP’s own commissioned audits, which had not found a basis for writing down Autonomy in the months after the acquisition.

Hewlett Packard Company in 2015 split into two separate publicly traded companies – HP Inc. and Hewlett Packard Enterprise.

The case is expected to last until the end of the year.

(Editing by Jane Merriman)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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