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Stock futures higher as Fed kicks off policy meeting

A trader passes by screens showing Spotify on the floor at the NYSE in New York
FILE PHOTO: A trader passes by screens showing Spotify on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 13, 2019. REUTERS/Brendan McDermid

March 19, 2019

By Medha Singh

(Reuters) – U.S. stock futures rose slightly on Tuesday as investors anticipated a more accommodative policy stance from the U.S. Federal Reserve in a two-day policy meeting this week.

A flurry of downbeat economic data this month has supported market expectations that the Fed may reinforce a halt to further rises in interest rates.

The Fed concludes its deliberations with a news conference on Wednesday.

Investors will also be watching out for the central bank’s “dot plot,” a diagram showing individual policymakers’ rate views for the next three years, along with details on its plan to reduce holdings in bonds.

Traders currently expect no rate hikes this year, and are even building in bets for a rate cut in 2020.

Optimism that the Fed will remain less aggressive in raising rates and hopes of a resolution to a bitter trade dispute between the U.S. and China helped the markets claw back most of their losses from late last year.

The benchmark S&P 500 hovers at a five-month high and is just 3.5 percent away from its September record closing high.

At 7:04 a.m. ET, Dow e-minis were up 102 points, or 0.39 percent. S&P 500 e-minis were up 11.25 points, or 0.4 percent and Nasdaq 100 e-minis were up 27 points, or 0.37 percent.

Technology and financial stocks helped Wall Street’s three main indexes rise on Monday, the benchmark index and the tech-heavy Nasdaq’s fifth rise in last six sessions.

The blue-chip Dow’s advance has been hindered by Boeing Co as the world’s largest planemaker faces increased scrutiny in the wake of two deadly crashes of its 737 MAX aircraft in five months.

Boeing shares slipped 0.6 percent in premarket trading on Tuesday after shedding about 12 percent since the March 10 plane crash in Ethiopia.

Chip designer Nvidia Corp jumped 1.6 percent on partnering with Softbank Group Corp and LG Uplus Corp to deploy cloud gaming servers in Japan and Korea later this year.

In economic news, data at 10 a.m. ET is expected to show new orders for U.S.-made goods rose 0.3 percent in January after edging up 0.1 percent the month before.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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McConnell condemns Dems’ ‘full socialism on display,’ admits Green New Deal vote was for ‘show’

Hours after Democratic presidential hopeful Sen. Bernie Sanders re-introduced his signature health care legislation on Wednesday, promising Medicare-style coverage for all Americans, Senate Majority Leader Mitch McConnell vowed on Fox News' "Special Report with Bret Baier" that the "socialist"-style program wouldn't see the light of day on his watch.

Four of Sanders' opponents in the race for the 2020 Democratic presidential nomination are co-sponsoring his universal health care plan in the Senate: New Jersey's Cory Booker, California's Kamala Harris, New York's Kirsten Gillibrand and Massachusetts' Elizabeth Warren.

Sanders' plan would also lift restrictions on government health insurance for people in the country illegally, and revoke longstanding restrictions on taxpayer-funded abortions.

"Not as long as I'm majority leader. It ought to be called Medicare for none," McConnell said. He said "180 million Americans would lose private health insurance. ... You want to turn America into a socialist country, this is the first step. That, coupled of course with the Green New Deal, which would eliminate a whole lot of jobs.

"I think what we're seeing here is full socialism on display in the Democratic primaries for president."

WHAT TO KNOW ABOUT BERNIE SANDERS' UPCOMING FOX NEWS TOWN HALL

McConnell acknowledged that the Green New Deal test vote he called last month was essentially a "show vote," designed to demonstrate that no Democrats were willing to go on record supporting the sweeping program to remake the economy in the name of fighting climate change.

Once in a while, McConnell said, it's appropriate to make it clear where everyone stands -- especially given that Democrats themselves had introduced the Green New Deal resolution in the Senate.

In this March 10 photo, Democratic presidential candidate Sen. Bernie Sanders, I-Vt., addresses a rally during a campaign stop in Concord, N.H. (AP Photo/Steven Senne, File)

In this March 10 photo, Democratic presidential candidate Sen. Bernie Sanders, I-Vt., addresses a rally during a campaign stop in Concord, N.H. (AP Photo/Steven Senne, File)

McConnell said Amy Klobuchar, a relative moderate 2020 Democratic contender who has called for a public option instead of universal Medicare, would similarly destroy the private insurance industry.

Sanders has floated the idea of passing Medicare for all using a budgetary procedure known as reconciliation -- it requires only 51 votes for passage -- if Democrats are able to retake the Senate.

But McConnell, who last week pushed a precedent change through the Senate to speed the confirmation of lower-court judicial nominees, told Baier that the Senate should be a deliberative body -- and that means satisfying a 60-vote, filibuster-proof threshold for major new legislation.

Asked by Baier where the GOP proposal on health care is hiding, McConnell said Republicans favor covering Americans with pre-existing conditions, and called for reducing the costs of prescription drugs and co-payments while making other "modest fixes" to ObamaCare.

Separately, McConnell dismissed Democrats' attacks on the integrity of Attorney General Bill Barr, noting that he was confirmed unanimously to the same position decades earlier.

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But McConnell stopped short of embracing President Trump's attacks on the FBI investigation into Russian meddling in the 2016 elections as a "coup" and attempted "treason," saying only that Trump "should be applauding" Special Counsel Robert Mueller's findings.

Sanders is quieting critics who questioned whether he could recapture the energy of his upstart 2016 campaign, surpassing his rivals in early fundraising and establishing himself as a front-runner.

With Sanders less than two months into his second White House bid, no other declared candidate in the crowded Democratic field has yet amassed so many advantages: a $28 million war chest, a loyal and enthusiastic voter base and a set of clearly defined policy objectives.

Fox News' Bret Baier, Barnini Chakraborty, and The Associated Press contributed to this report.

Source: Fox News Politics

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GE shares fall as J.P. Morgan analyst downgrades, lowers PT further

FILE PHOTO: The logo of US conglomerate General Electric is pictured at the company's site of its energy branch in Belfort
FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the company's site of its energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo

April 8, 2019

(Reuters) – Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan’s Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of $5.

Tusa, a long-time bear on the stock, cited significant liabilities and little free cash flow to support the company’s ongoing reset and cut his rating to “underweight” from “neutral”, an about-turn from his upgrade in December.

“Investors are underestimating severity of challenges and underlying risks at GE and overestimating value of small positives,” Tusa wrote in a note.

Tusa said investors are “significantly over projecting” the bounce in free cash flow and sees weakness in the company’s power and renewables unit.

He also expected GE Capital Services unit to likely consume cash for the foreseeable future, while aviation fundamentals were weaker than what meets the eye.

GE’s new Chief Executive Officer Larry Culp in March called 2019 a “reset year” and said free cash flow at GE Power would turn positive only in 2021.

On Monday, European Union antitrust regulators fined the company 52 million euros ($58.4 million) for providing misleading information related to the takeover of Danish rotor blade maker LM Wind two years ago.

GE’s shares were down at $9.45 in early trading and have lost about two-thirds of their value since late 2016.

(Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)

Source: OANN

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No. 2 Kentucky crushes Abilene Christian

NCAA Basketball: NCAA Tournament-First Round-Kentucky vs Abilene Christian
Mar 21, 2019; Jacksonville, FL, USA; Abilene Christian Wildcats forward Jaren Lewis (1) shoots the ball in front of Kentucky Wildcats guard Ashton Hagans (2) and Kentucky Wildcats forward Reid Travis (22) during the second half in the first round of the 2019 NCAA Tournament at Jacksonville Veterans Memorial Arena. Mandatory Credit: John David Mercer-USA TODAY Sports

March 22, 2019

Freshman guard Keldon Johnson poured in 25 points in his first NCAA Tournament game, and second-seeded Kentucky pounded 15th-seeded Abilene Christian 79-44 in a Midwest Region game Thursday night at Jacksonville, Fla.

Kentucky played without team scoring and rebounding leader PJ Washington, a 6-foot-8 sophomore who had his left foot in a cast from an injury sustained in last week’s Southeastern Conference tournament.

Johnson made 10 of 16 shots from the field, including 3 of 5 from 3-point range.

Kentucky’s Reid Travis, a graduate transfer from Stanford in his first NCAA Tournament game, racked up 18 points on 8-for-10 shooting, and freshman Tyler Herro added 14 points.

Kentucky (28-6) plays in the second round Saturday against the Seton Hall-Wofford winner. Kentucky has won its NCAA Tournament opener in 25 of its past 26 appearances in the event.

These were two teams using the same nickname, but there was a big difference between the groups of Wildcats.

The first NCAA Tournament appearance for Abilene Christian (27-7) didn’t go well. The team that made 38.8 percent of its 3-point attempts entering the tournament had a tough time finding a shooting stroke Thursday, going 5 of 23, 21.7 percent, from long range.

Jaren Lewis scored 17 points for Abilene Christian. Lewis shot 7 of 12 from the field, while the rest of his teammates were a combined 10 of 41. Lewis also had five of the team’s 17 rebounds.

Kentucky opened a 13-3 lead in less than six minutes, then scored the final 11 points of the half for a 39-13 lead at the break.

Abilene Christian, which qualified by winning the Southland Conference tournament, didn’t have a field goal in the final 5:49 of the opening half. It made 19.1 percent of its shots in the first half.

Kentucky hit at 60 percent from the field in the first half and held a 23-10 rebounding advantage at the game’s midway mark.

–Field Level Media

Source: OANN

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Too late: Leaders planned shelter before killer twister hit

Leaders in this rural Alabama area began working on a community storm shelter months ago, selecting a potential site and meeting to consider how many people might need protection. Plans were still coming along when a giant tornado descended, leaving nearly two dozen bodies inside splintered homes and scattered across Beauregard's fields and country roads.

Now that the worst has happened, Fire Chief Mike Holden said, perhaps everyone will agree on a final plan and find the funding to remedy a situation that much of Alabama addressed about eight years ago after twisters killed more than 250 people statewide in one day.

"I'm hoping this will open up some FEMA money for it," Holden said Thursday while helping guide recovery efforts.

Part of the trick, officials said, is finding the proper mix of public and private shelters to help an unincorporated area inhabited by roughly 11,000 people. Many residents aren't clustered in orderly subdivisions but spread out along county highways and dirt roads.

The massive EF4 twister that demolished parts of Beauregard was the worst of 30 tornadoes that raked the Southeast on Sunday, snapping pine trees and pushing entire homes into gullies. Damage is particularly bad along two roads where friends and extended families lived in mobile homes and small houses.

As the sky darkened and storm warnings flashed, dozens of people fled to the safety of the area's one community shelter, Providence Baptist Church. Cindy Sanford was cleaning out a closet when she felt the need to leave with her grandson; she returned to find her mobile home demolished, but they were safe.

Others didn't have time to leave home, didn't feel the need or didn't know where to go.

Bobby Kidd lost his 6-year-old grandson, AJ Hernandez, when the twister exploded their home, hurling the family through the air. Kidd doesn't know whether having additional shelters would have saved his grandson or anyone else, but he wishes more were available.

"I'm not going to say that if there were more locations for people to go to that lives wouldn't have been lost, but we only have one location. We really do need more. More that are closer," he said.

Federal grant money helped fund the construction of hundreds of shelters after the deadly tornado outbreak of April 27, 2011 — nearly all in north Alabama, where most of the deaths occurred. Lee County, home to Beauregard in east Alabama, wasn't hit by a tornado that day and didn't share in much of the federal money that helped pay for in-home and community shelters elsewhere.

But a study published by the American Journal of Public Health after an analysis of the 2011 outbreak showed the need for community shelters, and leaders of the Beauregard Volunteer Fire Department want one.

Holden said the department has discussed plans to add one and possibly two 40-person shelters at a new fire station that will be near a planned athletic complex. Tornado and sports seasons overlap, he said, and having shelters so near athletic fields would provide cover for people in severe weather.

"This has been an ongoing plan for more than a year," he said. Efforts to obtain grants and other funding have slowed progress, Holden said.

Others aren't so sure about the value of shelters that aren't at people's homes.

Kathy Carson, director of the Lee County Emergency Management Agency, said a basic mass shelter that holds 90 people can cost $140,000, and the return may not be worth the investment.

"People are not going to sit in that thing for six hours during a (tornado) watch, and by the time a warning is out, it's too late," she said. "I think the answer is in-home shelters."

Community shelters constructed after the 2011 outbreak were publicly credited with saving lives during a 2016 tornado in the northwest Alabama town of Aliceville, but Carson said there was no guarantee anything would have helped in Beauregard.

"This is the worst of the worst that struck here, and (residents) had no protection unless they were underground," she said.

About an hour before the storm hit, Lee County emergency managers posted on social media that the tornado-producing storm would track over the county and urged people, particularly in mobile homes, to evacuate to a "safer location." They noted that Providence Baptist and locations at Auburn University, about 9 miles (15 kilometers) away, were available as shelters.

Rita Smith, a spokesman for the county emergency management office, said 19 individual shelters were constructed in the county from grants after the 2011 outbreak, but the cost is too high for many people, even with federal assistance.

"It is heartbreaking for us. We would love to be able to have a shelter in every community, everywhere we could put one. It is just not financially feasible," Smith said.

The agency has applied for funds for a community shelter in the county, Smith said, but she declined to provide details such as the possible location.

Sen. Doug Jones, who toured some of the damage, said the devastation may hold lessons for the future.

"You use tragedies like this to try to look forward and see what you could have done better, and I think we'll do that here," the Alabama Democrat said.

___

AP writers Kim Chandler in Montgomery, Jeff Martin in Atlanta and video journalist Joshua Replogle in Beauregard contributed to this report.

Source: Fox News National

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MLB notebook: Tulowitzki (calf) likely to go on Yankees’ IL

MLB: Detroit Tigers at New York Yankees
Apr 1, 2019; Bronx, NY, USA; New York Yankees shortstop Troy Tulowitzki (12) throws out Detroit Tigers left fielder Mikie Mahtook (8) during the seventh inning at Yankee Stadium. Mandatory Credit: Adam Hunger-USA TODAY Sports

April 4, 2019

New York Yankees shortstop Troy Tulowitzki exited Wednesday’s game against the visiting Detroit Tigers after the third inning with a Grade 1 strain in his left calf, manager Aaron Boone said afterward.

Tulowitzki popped out in his first at-bat in the second inning and exited one inning later, as second baseman Gleyber Torres moved to shortstop to replace Tulowitzki. The Yankees said he was being taken to nearby New York Presbyterian Hospital for further tests.

Boone said the injury will “almost certainly” send Tulowitzki to the Yankees’ already crowded injured list.

Signed to a one-year free-agent contract in January following a workout for teams, Tulowitzki is 2-for-11 on the young season with a home run. The five-time All-Star shortstop was signed by the Yankees to fill the void left by Didi Gregorius, who had Tommy John surgery on his throwing shoulder in October. He is expected to be out until June or July.

–Indians manager Terry Francona signed a two-year extension to remain in Cleveland through the 2022 season.

“Simply put, Tito has been a transformational leader, who has not only impacted our major league clubhouse, but also the entire organization,” Chris Antonetti, the club’s president of baseball operations, said in a statement.

“Our relationship has been truly collaborative and we are all fortunate to have a future Hall-of-Fame manager guiding our team as we continue to pursue our ultimate goal of bringing a World Series championship to the city of Cleveland.”

Francona, 59, is in his seventh season with the Indians, who have the American League’s best record since 2013 (547-427). The Indians have four playoff appearances and three division titles in Francona’s first six seasons.

–Former Braves manager Bobby Cox remains in an Atlanta-area hospital after suffering a possible stroke and being admitted on Tuesday, according to multiple outlets.

Braves general manager Alex Anthopoulos visited Cox on Wednesday and told the MLB Network that he was “in as good a spirits as can be.”

The Braves, who have not provided any details on Cox’s condition, also released this statement Wednesday: “We know no one stronger or more determined than Bobby Cox. Our thoughts and prayers are with him as he recovers. We look forward to seeing him soon and would like to thank the baseball community for joining together to support our dear friend.”

–The Chicago Cubs and infielder David Bote have agreed to a five-year contract extension, plus two team options, the team announced.

The deal covers the 2020-24 seasons and will reportedly guarantee him just over $15 million. The option years are valued at $7 million in 2025 and $7.6 million for 2026, according to Jon Heyman of MLB Network.

Bote, who turns 26 on Sunday, was already under team control through 2024, with the new contract providing Bote security while the Cubs avoid his arbitration years and gain control on two free agent seasons.

–Cleveland Indians All-Star shortstop Francisco Lindor has been cleared to resume light baseball activities, and his sprained left ankle will be re-evaluated in seven to 10 days.

Indians president of baseball operations Chris Antonetti told reporters there was no firm timetable for Lindor’s return from the injured list.

A return by late April or early May, after a minor league rehab assignment, seems probable if he has no setbacks.

–The Yankees reinstated left-hander CC Sabathia from the MLB suspended list and moved him to the 10-day injured list as he continues his rehabilitation from offseason cardiac and knee surgeries.

To fill his roster spot, they recalled right-hander Jonathan Loaisiga from Triple-A Scranton/Wilkes-Barre. The 24-year-old started Wednesday afternoon against Detroit at Yankee Stadium, allowing one run in four innings.

Sabathia, 38, who is heading into his 19th major league season, could miss as many as two starts, pushing his season debut to the middle of April, manager Aaron Boone said previously.

–Shortstop Trea Turner was placed on the 10-day injured list by the Washington Nationals.

Turner left Tuesday’s game with a broken right index finger and could miss several weeks. To replace Turner, the Nationals recalled infielder Adrián Sanchez from Triple-A Fresno.

–Field Level Media

Source: OANN

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Rahm Emanuel considers suing Jussie Smollett to recoup money wasted on investigation: report

After publicly blasting the decision to drop 16 charges against embattled "Empire" star Jussie Smollett, Chicago Mayor Rahm Emanuel is considering suing the actor to recoup some of the money the city wasted on the lengthy investigation, according to reports.

Emanuel wants to recoup close to $150,000, CBS News reported. Charges against Smollett were dropped after 16 hours of community service and an agreement to forfeit his $10,000, a figure Emanuel said Tuesday "doesn't even come close to what the city spent in resources" on the case.

While the exact cost of the Smollett investigation is unknown, 24 detectives were removed from regular cases, expending up to 1,000 hours, overtime not included to work on the Smollett case. Police also spent dozens of hours of examining surveillance video from 55 city pod cams and private cameras. They also executed 50 search warrants and subpoenas for phone, social media and financial documents. During the 23-day investigation, Chicago was also hit with at least 20 murders and 134 sexual assaults, according to the Chicago Police Department's crime statistics.

Both Emanuel and Chicago Police Superintendent Eddie Johnson were visibly furious Tuesday after hearing that prosecutors had abruptly dropped all charges against Smollett, abandoning the high-profile criminal case only five weeks after the allegations were filed.

CHICAGO POLICE: JUSSIE SMOLLETT ALLEGED HOAX LETTER CASE HANDED OVER TO FBI

Emanuel, who leaves office in May after two terms, said Wednesday it was unconscionable for prosecutors to dismiss the case.

Actor Jussie Smollett talks to the media before leaving Cook County Court after his charges were dropped, Tuesday, March 26, 2019, in Chicago.

Actor Jussie Smollett talks to the media before leaving Cook County Court after his charges were dropped, Tuesday, March 26, 2019, in Chicago. (AP)

"This is actually making a fool of all of us," he said on ABC's "Good Morning America."

Emanuel said he wanted to "get to the bottom of this."

BRIAN STELTER CAUTIONED BY CNN COLLEAGUE STEVE CORTES: 'DONT DISRESPECT THE COPS IN SMOLLETT CASE'

"Especially [in] a city that embraced not only him as an actor but more importantly the values of being whoever you are, whoever you love, whatever your background is, you have a home here. He took that, turned it around and tried to self-promote himself. And the fact is, he's walking around with no sense of contrition, no sense of remorse, and the fact is also the state's attorney is saying he's actually guilty of this hoax, and he's walking around saying, 'No, I'm innocent.'," Emanuel fumed.

Johnson, the city's top cop, said Tuesday that Smollett still owes Chicago an apology.

"If you want to say you're innocent of the situation, you take your day in court," said Johnson. "I would never hide behind a brokered deal in secrecy, period."

Smollett reported on Jan. 29 that he was attacked around 2 a.m. on his way home from a sandwich shop. Smollett said two masked men shouted racial and anti-gay slurs, poured bleach on him, beat him and tied a rope around his neck. He claimed they shouted, “This is MAGA country” — a reference to President Trump’s “Make America Great Again” campaign slogan. Smollett told police he could see that one of his attackers was white because he could see the skin around his eyes.

WHO IS TINA TCHEN, THE ATTORNEY LINKED TO JUSSIE SMOLLETT MESSAGES?

The news of such a heinous attack quickly garnered national attention. The Chicago police were taken to task for failing to protect their citizens or find the assailants behind the brutal beatdown.

Soon though, the tides shifted and investigators accused Smollett of making the whole thing up because he was unhappy with his pay on "Empire" and believed the publicity ginned up from the incident would promote his career.

Smollett plays the gay character Jamal Lyon on "Empire," a Fox television show that follows a black family as they navigate the ups and downs of the recording history.

Smollett was initially charged with one count of lying to the authorities on Feb. 20. A few days later, a grand jury indicted him on 16 felony counts of lying to authorities — eight counts for what he told the officer who responded to the report of the Jan. 29 attack in downtown Chicago, and eight counts for what he later told a detective about being the victim of a brutal racist and homophobic beating by two masked men.

EX-OBAMA ADVISER DAVID AXELROD CONDEMNS 'WEIRD TURN' IN JUSSIE SMOLLETT CASE

A week before the alleged attack, Smollett told authorities he received a threatening letter at work. Chicago police pushed back and accused Smollett of faking the letter as well.

CLICK HERE FOR THE FOX NEWS APP

For his part, Smollett has always maintained his innocence. After the charges were dropped Tuesday, he posed with fans outside the courthouse and thanked his friends and family for standing by him. He also  thanked the state of Illinois for "attempting to do what's right."

“Not for a moment was it in vain. I’ve been truthful and consistent on every level since day one,” he said. “I would not be my mother’s son if I was capable of one drop of what I was accused of."

The Associated Press contributed to this report. 

Source: Fox News National

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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