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Markets seem to underestimate threat of Brexit: ECB’s Rehn

FILE PHOTO: Finland's central bank governor Rehn in Helsinki
FILE PHOTO: Finland's central bank governor Olli Rehn speaks during an interview in Helsinki, Finland July 17, 2018. REUTERS/Ints Kalnins/File Photo

March 24, 2019

BERLIN (Reuters) – The risk of Britain leaving the European Union without a deal is the biggest risk facing the slowing euro zone economy in the short term, Finnish central bank chief Olli Rehn told Germany’s Die Welt newspaper in remarks published on Monday.

“In the short term Brexit is surely the biggest threat,” said Rehn, who sits on the European Central Bank’s rate-setting Governing Council. “Financial markets seem to be too relaxed and appear to underestimate the risk.”

He said the ECB had made arrangements with the Bank of England to blunt turbulence in the case of a disorderly Brexit.

Asked about the risk of recession in the euro zone, Rehn — who is often mentioned as a potential candidate to succeed ECB President Mario Draghi — said: “Growth has indeed slowed down significantly and we must be worried about the economy.”

(Reporting by Joseph Nasr; Editing by Kirsten Donovan)

Source: OANN

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Conway questions why Mueller left obstruction of justice question unanswered in report

White House counselor Kellyanne Conway questioned on Sunday why Special Counsel Robert Mueller did not rule whether or not President Trump obstructed justice during the Russia investigation and argued that Mueller leaving the ruling open means that Trump has been exonerated.

“That’s not really the job of a prosecutor. The job of a prosecutor is to gather evidence and decide whether to indict or to decline to indict,” Conway said on ABC’s “This Week.” “They declined to indict. The president is not going to jail, he’s staying in the White House for five-and-a-half more years,” Conway said. “Why? Because they found no crime, no conspiracy. That was the central premise.”

In the redacted report released last Thursday, Mueller declined to make a decision on whether or not Trump obstructed justice with his efforts to curtail the special counsel’s investigation, but he did lay out in the report multiple episodes in which Trump directed others to influence or curtail the Russia investigation after the special counsel's appointment in May 2017.

KELLYANNE CONWAY REITERATES CALL FOR ADAM SCHIFF'S RESIGNATION AFTER MUELLER REPORT'S RELEASE

Those efforts "were mostly unsuccessful, but that is largely because the persons who surrounded the President declined to carry out orders or accede to his requests," Mueller wrote.

In one particularly dramatic moment, Mueller reported that Trump was so agitated at the special counsel's appointment on May 17, 2017, that he slumped back in his chair and declared: "Oh my God. This is terrible. This is the end of my presidency. I'm f---ed."

In June of that year, Mueller wrote, Trump directed White House Counsel Don McGahn to call Deputy Attorney General Rod Rosenstein, who oversaw the probe, and say that Mueller must be ousted because he had conflicts of interest. McGahn refused — deciding he would sooner resign than trigger a potential crisis akin to the Saturday Night Massacre of firings during the Watergate era.

According to the report, Trump also ordered McGahn to deny a January 2018 New York Times story that detailed the president’s efforts to have his counsel fire Mueller.

Trump also made another attempt to alter the course of the investigation, meeting with former campaign manager Corey Lewandowski and dictating a message for him to relay to then-Attorney General Jeff Sessions. The message: Sessions would publicly call the investigation "very unfair" to the president, declare Trump did nothing wrong and say Mueller should limit his probe to "investigating election meddling for future elections." The message was never delivered.

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On the McGahn incident, Conway did not dispute the former White House counsel’s statement during her interview on Sunday, but she expressed her doubts that McGahn would have continued in his post if the events had played out the way they did in the report.

“I believe that Don McGahn is an honorable attorney who stayed on the job 18 months after this alleged incident took place,” Conway said. “If he were being asked to obstruct justice or violate the Constitution or commit a crime — help to commit a crime by the president of the United States — he wouldn’t have stayed.”

Conway added: “I certainly wouldn’t stay.”

The Associated Press contributed to this report.

Source: Fox News Politics

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Forex firm TransferWise to sell stake in new fundraising round: sources

A board displays exchange rates at a currency exchange booth in Karachi
A board displays exchange rates at a currency exchange booth in Karachi, Pakistan December 3, 2018. REUTERS/Akhtar Soomro

April 1, 2019

By David French, Anna Irrera and Joshua Franklin

(Reuters) – TransferWise Ltd, the money transfer startup whose investors include entrepreneur Richard Branson and PayPal Holdings Inc founders Peter Thiel and Max Levchin, is seeking to sell a stake in itself in a new fundraising round, people familiar with the matter said on Friday.

The fundraising comes as TransferWise and other startups are shaking up the industry by using new technology to move cash across borders, often at less costly rates than banks and other traditional players.

TransferWise, one of Europe’s best-funded financial technology firms, is seeking to raise up to $300 million, which would value the company at around $4 billion, one of the sources said.

The latest fundraising round is being organized by investment bank Goldman Sachs Group Inc, said the sources, who asked not to be identified because the matter is confidential.

A spokesman for Goldman did not immediately respond to a request for comment.

TransferWise, which was formed by Estonian duo Taavet Hinrikus and Kristo Kaarmann in 2011, has over 4 million customers and transfers more than $4 billion a month, according to its website. It employs more than 1,400 people across 11 offices on four continents.

In January, the company said it was opening an office in Belgium to avoid any potential impact on its business from Brexit.

TransferWise’s last fundraising round came in 2017, when investors including Old Mutual Global Investors and Silicon Valley venture capital firm IVP contributed $280 million, giving TransferWise a valuation at the time of more than $1.6 billion.

The company booked an operating profit of 9.5 million pounds ($12.4 million) over the 12-month period ending in March 2018 on 117 million pounds in revenue.

(Reporting by David French, Anna Irrera and Joshua Franklin in New York; Editing by Matthew Lewis)

Source: OANN

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Eric Swalwell: No apology necessary for surveilling Trump campaign

Rep. Eric Swalwell, D-Calif., argued the special counsel's report "certainly" showed evidence of collusion and rejected the idea that President Donald Trump's 2016 campaign deserved an apology for the controversial surveillance conducted under former President Barack Obama's administration.

When Fox News host Julie Banderas asked Swalwell about a potential apology, the California congressman said that special counsel Robert Mueller's report "laid out a multiplicity of contacts between the Trump campaign and Russians."

He contended that although special counsel Robert Mueller's report didn't declare collusion beyond a reasonable doubt, it still showed enough evidence of troubling contacts between Russia and Trump's associates. Swalwell argued that "reasonable suspicion," a lower standard than "beyond a reasonable doubt," was all that was necessary for starting an investigation.

"There was certainly evidence of collusion, not evidence that met the beyond a reasonable doubt standard" he said on "Outnumbered" before affirming suspicions that Trump potentially knew about Russian activities related to the election. "This president is in no way cleared," Swalwell said.

MUELLER REPORT IGNITES NEW DEM BATTLE OVER IMPEACHMENT

Swalwell's appearance came amid growing pressure from Democrats for the Justice Department to reveal more information related to the investigation. The Trump administration, however, has declared "Game Over," arguing that the report put collusion and obstruction concerns to rest.

Kellyanne Conway, Trump's close adviser and 2016 campaign manager, indicated that the press owed her and the rest of the administration an apology. "We’re accepting apologies today, too, for anybody who feels the grace in offering them," she told reporters on Thursday.

"The big lie that you’ve let fly for two years, it’s over, folks," she also said in reference to collusion.

Swalwell, who serves on both the House Judiciary and Intelligence Committees, has acted as a key public figure in the Democratic push for further investigation. His interview indicated that Democrats would continue to pursue the issue despite speculation that it might be a poor political strategy going into 2020.

KELLYANNE CONWAY REITERATES CALL FOR ADAM SCHIFF'S RESIGNATION AFTER MUELLER REPORT'S RELEASE

Swalwell told Banderas that he wasn't so much worried about the political consequences as he was about preserving American democracy.

"It's such an extraordinary remedy, we shouldn't even consider the political consequences," he said. "It's the consequence to our democracy — are we going to set a standard and say no president should do this or are we not?"

When asked whether Democrats should apologize, Swalwell seemed to decline the opportunity.

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"I'll never apologize for loving our country so much that I don't think any campaign transition or president should draw as close to the Russians and welcome their support and never tell law enforcement while they were seeking to support them," he said.

"I'll always stand on our side rather than Russia's, and I just wish the president would, too," he said.

Source: Fox News Politics

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The Latest: Kidnapper's parting remark: 'Bye, Jayme'

The Latest on Wednesday's arraignment of the man suspected of kidnapping 13-year-old Jayme Closs, slaying her parents and holding her captive for 88 days (all times local):

5 p.m.

The man who abducted Wisconsin teenager Jayme Closs and killed her parents had a parting remark after pleading guilty, saying "Bye Jayme" as he exited the courtroom.

Jake Patterson faces life in prison for the October attack in which he killed James and Denise Closs and kidnapped 13-year-old Jayme. He held her for 88 days in a northwest Wisconsin cabin before she escaped.

Jayme Closs wasn't in the Barron County courtroom as Patterson entered his guilty pleas Wednesday.

Patterson had written from jail that he intended to plead guilty to spare the Closs family further pain. He was initially stoic at Wednesday's hearing, but choked up and had difficulty speaking later in the proceeding. His remark as he left the courtroom appeared directed at no one in particular.

___

4:35 p.m.

A Wisconsin legal expert is praising prosecutors' restraint in handling the case of abducted teenager Jayme Closs.

Thirteen-year-old Jayme was taken in October in an attack at her family's home in northwest Wisconsin that included the slaying of her parents.

Suspect Jake Patterson was charged only in the county where Jayme was abducted, and he pleaded guilty Wednesday to charges that could send him to prison for life.

Prosecutors in the county where Jayme was held for 88 days never filed charges, a move widely seen as aiming to spare Jayme's privacy.

University of Wisconsin law professor Cecelia Klingele praised that decision, saying it would have been unnecessary "piling on." She says people may be interested in salacious details, but there's no public right to know details of a crime victim's suffering.

___

1:20 p.m.

Attorneys for a Wisconsin man who admitted to abducting 13-year-old Jayme Closs and killing her parents say he wanted to plead guilty "from the day we met him."

Jake Patterson pleaded guilty Wednesday to two counts of intentional homicide and one count of kidnapping.

Attorney Richard Jones says Patterson rejected all options that defense attorneys presented him, including trying to suppress his statements to investigators in which he confessed.

Jones told Judge James Babler that Patterson "decided this is what he wants to do."

Patterson said in a letter from jail last month that he planned to plead guilty to spare Jayme and her family the ordeal of a trial.

Jayme Closs was held for 88 days in a cabin about an hour north of her home before she escaped in January.

___

1:05 p.m.

A Wisconsin man has pleaded guilty to kidnapping 13-year-old Jayme Closs and killing her parents.

Twenty-one-year-old Jake Patterson pleaded guilty Wednesday to two counts of intentional homicide and one count of kidnapping. A count of armed burglary was dropped. The intentional homicide counts carry a sentence of life in prison.

Patterson admitted to kidnapping Jayme after killing her parents, James and Denise Closs, at the family's home on Oct. 15. Patterson held her at a remote cabin for 88 days before she escaped in January. A criminal complaint says Patterson told authorities he decided to "take" Jayme after he saw her getting on a school bus near her home.

___

11 a.m.

Residents in a small Wisconsin town say they're hoping to see a guilty plea from the man accused in the kidnapping of 13-year-old Jayme Closs and slaying of her parents.

Jake Patterson faces arraignment Wednesday afternoon on charges of homicide and kidnapping. He wrote to a Minneapolis TV station that he intended to plead guilty, but his defense attorneys have not confirmed that.

John Terpstra is a church pastor in Barron. He says he hopes Patterson keeps his word so the Closs family doesn't have to go through a court case.

Retiree Kathy Wirth says she's sorry for what Jayme went through and still has to go through.

Jayme was held for 88 days in a cabin about an hour north of her family's home before she escaped in January.

___

12:01 a.m.

A man charged with kidnapping a 13-year-old Wisconsin girl and killing her parents is expected to enter a formal plea when he appears in court for an arraignment.

Twenty-one-year-old Jake Patterson wrote a letter to Minneapolis television station KARE saying he intends to plead guilty. His attorneys and prosecutors have not commented ahead of Wednesday's arraignment.

He's accused of killing James and Denise Closs and kidnapping their daughter, Jayme, on Oct. 15. Jayme was held for 88 days before escaping in January.

Patterson is charged with two counts of intentional homicide and one count each of kidnapping and armed burglary. He faces life in prison if convicted on the homicide counts.

___

Check out AP's complete coverage of Jayme Closs' abduction and her parents' deaths.

Source: Fox News National

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Christopher Scalia says it’s a ‘mistake’ to think Gorsuch will decide same as his father

Christopher Scalia, the son of the late Supreme Court Justice Antonin Scalia, said it's a "mistake" to think Justice Neil Gorsuch would decide the same as his father after some in the media have labeled him the "new Scalia."

The comparison came because, Justice Scalia, similar to Gorsuch, was friends with Justice Ginsberg even though he had conservative values. Justice Scalia and Ginsberg had similar upbringings and enjoyed going to the opera together.

CHRISTOPHER SCALIA: THE FAITH OF MY FATHER

"I think it's a mistake to think that Justice Gorsuch would decide every case the way my father would've," Scala told "Fox & Friends" Tuesday morning. "I don't think that's the right way to look at it, but I think his general approach to interpreting the Constitution and the law is very much in line with my father's.

"What that means is that...very often there will be opinions that don't go in line with conservatve public policy makers wants but which are really in keeping with the original understanding of the Constitution."

SUPREME COURT, GORSUCH RULE MISSOURI INMATE WITH DISEASE HAS NO RIGHT TO 'PAINLESS DEATH', CAN BE EXECUTED

The eighth child of nine kids, Christopher, said he was impacted by the role religion played in his father's life.

So he compiled speeches and excerpts from his father in a new book, "On Faith: Lessons from an American believer."

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In the book, Christopher notes, readers are able to see what Scalia believed is the real role of religion in the public sphere.

The late Supreme Court justice was not known to be showy about his faith, but everyone knew he was a very devout Catholic.

Source: Fox News Politics

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The making of militants in India’s ‘paradise on earth’

Sister of Owais Malik, a suspected militant, displays her phone with the picture of Malik, at her home in south Kashmir's Kulgam district
Sister of Owais Malik, a suspected militant, displays her phone with the picture of Malik, at her home in south Kashmir's Kulgam district February 16, 2019. REUTERS/Zeba Siddiqui

March 24, 2019

By Zeba Siddiqui and Fayaz Bukhari

KULGAM, India (Reuters) – Kashmiri farmer Yusuf Malik learned that his son Owais, a 22-year old arts student and apple picker, had become an armed militant via a Facebook post.

Days after Owais disappeared from his home in this picturesque valley below the Himalayan ranges, his picture appeared on the social network, posted by a user the family said they did not recognize. The short, thin, curly-haired young man in casual jeans and a T-shirt stared resolutely at the camera, both hands clutching an AK-47 rifle.

In blood red font on the photo was scribbled his new allegiance: the Hizbul Mujahideen, or ‘The Party of Warriors’, the largest of the militant groups fighting to free the mostly-Muslim Kashmir from Indian rule.

“He was a responsible kid who cared about his studies,” said Yusuf, 49, staring down at the carpeted floor of his brick home where he sat on a recent winter morning, clasping his folded hands inside his traditional pheran cloak.

The family said it has not heard from Owais since.

Owais is one of a rising number of local militants fighting for independence of Kashmir – an insurgency being spread on social media amid India’s sustained, iron-fisted rule of the region.

Hundreds of thousands of Indian troops and armed police are stationed in this lush region at the foot of the Himalayas. India and rival Pakistan have always disputed the area and in the past three decades, an uprising against New Delhi’s rule has killed nearly 50,000 civilians, militants and soldiers, by official count.

Historically, that insurrection has largely been led by militants from Pakistan, who have infiltrated into the valley.

But now, an increasing number of locally-born Kashmiris are picking up arms, according to Indian officials. About 400 local Kashmiris have been recruited by militants since the start of 2016, nearly double the number in the previous six years, according to government data. India says Pakistani groups continue to provide training and arms – a claim Islamabad rejects. 

Just a month before Owais Malik showed up on Facebook, another young man, Adil Ahmad Dar, left his home in a nearby part of Kashmir to join a militant group. This February, his suicide attack on a paramilitary convoy killed 40 Indian policemen, and took India and Pakistan to the brink of war.

After Dar’s attack, Indian security forces launched a major crackdown, searching Kashmiri homes and detaining hundreds of supporters, sympathizers and family members of those in armed groups. At least half a dozen gunbattles broke out between Indian police and militants.

The families of Dar and other young militants, as well as some local leaders and political experts, say run-ins between locals and security forces are one of the main reasons for anger and radicalization. After the recent crackdown, they expect more young people to take up arms.

“FREEDOM, MARTYRS”

Outside the narrow lane that leads to the Malik family home in Kulgam in southern Kashmir, children walk to school past shuttered shopfronts and walls spray-painted with the word “azadi”, the local word for “freedom”. The graveyard at the end of the lane has an area for militants, who are remembered as “martyrs”.

Dar’s family claims he’d been radicalized in 2016 after being beaten up by Indian troops on his way back from school for pelting stones at them.

“Since then, he wanted to join the militants,” said his father Ghulam Hassan Dar, a farmer.

India’s home and foreign ministries did not respond to requests for comment on this story.

In news conferences since the suicide bombing, Lt. Gen. K.J.S. Dhillon, India’s top military commander in Kashmir, has dismissed allegations of harassment and rights abuses by Indian troops as “propaganda”. He said the recent crackdown by security forces has resulted in the killing of the masterminds of the attack, and militant recruitment has dipped in recent months.

Syed Ata Hasnain, a retired army general who has served in Kashmir for over 20 years, said the rise in homegrown fighters does not surprise him. 

“Those who were born in the late 1980s and early 1990s, when the conflict started, have now come of age,” he said. “This is a generation that has only seen the jackboot. The alienation of this generation is higher than the alienation of the previous generation.”

A 17th century Mughal emperor called Kashmir “paradise on earth”. But violence has ebbed and flowed in the valley since the subcontinent was divided into predominantly Hindu India and Islamic Pakistan after independence from Britain in 1947.

The question of Kashmir, India’s only Muslim-majority state, was never resolved, and it has been the catalyst for two wars and several violent clashes between the countries.

Tensions have risen after Prime Minister Narendra Modi and his Hindu nationalist Bharatiya Janata Party came to power in New Delhi in 2014. Modi promised a tougher approach to Pakistan and gave security forces the license to retaliate forcefully against the insurgency.

CULT FOLLOWING

Around that time, many young Kashmiris started rallying around Burhan Wani, who had left home at the age of 15 to join the insurgency. Wani had a large following on social media, where he appeared in videos dressed in military fatigues and armed with an assault rifle, calling for an uprising against Indian rule. 

He and his brother were beaten by security forces when they were teenagers, his family told local media. Wani was 22 when he was killed by security forces in 2016 and thousands attended his funeral despite restrictions on the movement of people and traffic.

The United Nations said in a report last year that in trying to quell mass protests in Kashmir since 2016, Indian security forces used excessive force that led to between 130 and 145 killings, according to civil society estimates.

Thousands were injured, including around 700 who sustained eye injuries from the use of pellet guns by security forces, it said. Thousands of people had simply disappeared since the insurgency began, it said.

The Indian government has rejected the report as false. Indian forces have long been accused of rights abuses and torture in custody in Kashmir, but officials routinely deny the charges.

Instead, India points the finger at Pakistan. Officials say the rebellion in Kashmir is being funded and organized by Pakistan and if they cut off those resources, the insurgency will weaken and it can then focus on building Kashmir’s economy. The Pakistan-based Jaish-e-Mohammad militant group claimed responsibility for the latest attack, which was the deadliest in the insurgency.

Pakistan says it only provides moral support to the Kashmiri right to self-determination.

Mirwaiz Umar Farooq, the Muslim spiritual leader of Kashmir who is considered a moderate separatist, contests that India has true plans to engage politically with the people of Kashmir.

“In the past five years we have seen that the government of India has only spoken to Kashmiris through the barrel of the gun, that’s it. There is no political approach,” he said.

“Nobody is dying in Kashmir for lack of roads, electricity and water.” 

LOSING ANOTHER SON

A few miles south of Owais Malik’s home in Kulgam lives Masuma Begum, who said her son and brother had been called in to an army camp two days after the latest bombing and have been held since then.

A military spokesman could not be reached for comment.

Behind the glass panes of a wall shelf above her were photos of a smiling young man, an assault rifle slung on his shoulder.

“That’s my other son, Tausif,” Masuma Begum said. The 24-year-old had joined the Hizbul Mujahideen in 2013 and been killed by the army the same year, she said. “I don’t want to lose another son.”

(Reporting by Zeba Siddiqui and Fayaz Bukhari in KULGAM; Editing by Martin Howell and Raju Gopalakrishnan)

Source: OANN

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

April 26, 2019

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

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

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

April 26, 2019

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

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

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

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

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

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

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

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

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

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

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

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

Rival Advanced Micro Devices declined 0.8%.

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

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

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

April 26, 2019

By Joanna Plucinska

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

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

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

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

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

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

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

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

EU LARGESSE

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

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

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

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

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

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

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

Source: OANN

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

April 26, 2019

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

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

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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