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Suppliers Freudenberg, Benteler join forces in electric cars

Batteries are seen in the engine compartment of a VW Beetle 1995, locally called
File photo: Batteries are seen in the engine compartment of a VW Beetle 1995, locally called "Vocho", in Monterrey April 22, 2015. REUTERS/Daniel Becerril

April 12, 2019

FRANKFURT (Reuters) – German car parts makers Benteler and Freudenberg Vibracoustic are joining forces in the development of parts for electric vehicles, the companies said on Thursday, amid a growing trend of companies in the sector cooperating to cope with change.

The car industry is facing multi-billion euros investment crunch as manufacturers shift from developing combustion engined cars toward zero-emission electric and autonomous vehicles.

Benteler will provide know-how on chassis and system integration and Vibracoustic expertise in reducing noise and vibration, the companies said.

Separately, Freudenberg Chief Executive Mohsen Sohi said that the group has for now shelved plans for an initial public offering of Vibracoustic.

“We still consider a stock market flotation of Vibracoustic, but not in the near future as market conditions are unfavorable. In the event of a future listing, Freudenberg will definitely remain an anchor investor of Vibracoustic,” he said.

(Reporting by Arno Schuetze; Editing by Edward Taylor)

Source: OANN

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UK PM May will give parliament a ‘meaningful’ Brexit vote on Tuesday: spokesman

Prime Minister Theresa May speaks on Brexit ahead of next week's vote in Parliament on her revised Brexit deal in Grimsby
FILE PHOTO: British Prime Minister Theresa May delivers a speech during her visit in Grimsby, Lincolnshire, Britain March 8, 2019. Christopher Furlong/Pool via REUTERS

March 11, 2019

LONDON (Reuters) – British Prime Minister Theresa May will hold the so-called a meaningful vote on her Brexit deal on Tuesday as planned, her spokesman said after media reports that she could downgrade the status of the vote.

The spokesman said the government’s motion which will be debated and voted on would be published later on Monday.

“It will be a meaningful vote,” the spokesman told reporters after being asked what the vote on Tuesday would entail – whether it would be on the Brexit deal as it stands or on a hoped-for deal that includes limitations to the so-called Irish backstop that have not as yet been agreed in Brussels.

“It’s important to note the PM spoke to (European Commision President) Jean-Claude Juncker by phone yesterday evening and talks are continuing. The PM and negotiating teams are focused on making progress so we can secure parliament’s support for the deal.”

(Reporting By Elizabeth Piper. Writing by Andrew MacAskill; editing by Guy Faulconbridge)

Source: OANN

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Turkish central bank seen holding off easing for longer: Reuters Poll

File photo of Turkey's Central Bank headquarters is seen in Ankara
FILE PHOTO: Turkey's Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas/Files/File Photo

April 5, 2019

By Nevzat Devranoglu

ISTANBUL (Reuters) – Economists expect Turkey’s central bank to delay cutting rates until around July, and to ease policy less aggressively than previously thought, a Reuters poll showed on Friday after two weeks of volatility in the country’s financial markets.

The poll’s forecasts for the year-end policy rate ranged from 17.5 percent to 24 percent, with a median of 20.75 percent. The central bank has kept it at 24 percent since September when the Turkish economy was in the midst of a currency crisis the tipped it into recession.

Economists expected the bank to cut rates this year by a median total of 3.25 percentage points, down from a median of 5.00 percentage points in the previous Reuters poll done in late February. Respondents cited stubbornly high inflation, which remains around 20 percent.

The central bank has said it will keep monetary policy tight until inflation shows a convincing improvement. Food prices jumped earlier this year, boosting annual consumer price inflation, despite unorthodox government efforts to bring them down.

A sharp drop in the lira on March 22 set off a week of volatility ahead of local Turkish elections. It prompted the central bank to stop one-week repo auctions since March 25, effectively raising its funding rate by at least 1.5 percentage points, which was seen as a stop-gap tightening of policy.

Ten out of 11 economists in the Reuters poll predicted that the central bank would leave its repo rate unchanged at a policy meeting at the end of April, while one economist expected it to raise its rate to 25.5 percent to match average weighed cost of funding.

“We expect inflation to come down substantially in the second half of 2019 due to the combination of base effects and economic slowdown,” said Nora Neuteboom, economist at ABN Amro, adding that she expects the first rate cut by 1.25 percentage points, or 125 basis points, in July.

“We expect…a total easing of 500 (basis points) throughout the second half of 2019, albeit this is largely dependent on the market reaction to the first rate cut and the future inflation data,” Neuteboom said.

Asked about timing, three economists predicted the first rate cut would come in June while five pointed to July. One economist predicted September, another December, while one expected the central bank to leave rates unchanged throughout this year.

A previous poll showed most of the rate cut expectations focused on a June monetary policy meeting.

The central bank will announce its rate decision on April 25 at 2 p.m. (1100 GMT).

(Writing by Ezgi Erkoyun; Editing by Jonathan Spicer)

Source: OANN

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Brazil court suspends Embraer-Boeing tie-up negotiations: document

FILE PHOTO: Embraer logo at LABACE in Sao Paulo
FILE PHOTO: The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo

February 22, 2019

RIO DE JANEIRO (Reuters) – A Brazilian federal court on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document.

The court issued an injunction suspending a Embraer shareholders meeting scheduled for Feb. 26 that would vote on whether to approve the terms already agreed upon by the two companies. Neither Embraer nor Boeing immediately responded to requests for comment.

(Reporting by Rodrigo Viga Gaier; Editing by Bill Berkrot)

Source: OANN

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Spain’s Sanchez says he has no plans for governing alliance with Ciudadanos

Main candidates for Spanish general election hold their second televised debate in Madrid
Spanish Prime Minister and Socialist Workers' Party (PSOE) candidate Pedro Sanchez is pictured before a televised debate ahead of general election in Sebastian de los Reyes, outside Madrid, Spain, April 23, 2019. REUTERS/Juan Medina

April 23, 2019

MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez said on Tuesday his Socialist party did not intend to include the center-right Ciudadanos in any governing alliance if his party wins Sunday’s national election.

“Entering an alliance with a party that has put cordon sanitaire around the Socialist Party is not part of my plans,” Sanchez said at the start of Tuesday’s second televised debate between himself and three other party leaders.

The Socialists are front runners for the election but will not win enough seats to govern on their own. Ciudadanos, or Citizens, has previously said it will not join any coalition led by Sanchez.

(Reporting by Belen Carreno and John Stonestreet; Editing by Leslie Adler)

Source: OANN

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Japan tells U.S. can’t link monetary policy to trade, finance minister Aso says: Jiji

Japanese Finance Minister Taro Aso holds a news conference after the G-20 Finance Ministers and Central Bank Governors' meeting at the IMF and World Bank's 2019 Annual Spring Meetings
FILE PHOTO: Japanese Finance Minister Taro Aso holds a news conference after the G-20 Finance Ministers and Central Bank Governors' meeting at the IMF and World Bank's 2019 Annual Spring Meetings, in Washington, April 12, 2019. REUTERS/James Lawler Duggan

April 25, 2019

WASHINGTON (Reuters) – Japanese Finance Minister Taro Aso said on Thursday he told U.S. Treasury Secretary Steven Mnuchin that Tokyo cannot accept discussions that link monetary policy to trade issues, Jiji news agency reported.

Aso also said the two sides agreed that exchange-rate matters would be discussed between financial authorities, and that Tokyo and Washington should not talk about currency issues in the context of the trade debate, according to Jiji.

Aso and Mnuchin held a bilateral meeting in Washington ahead of a summit between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump later this week.

(Reporting by David Lawder and Jason Lange in Washington, Leika Kihara in Tokyo; Editing by Chizu Nomiyama)

Source: OANN

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At least 44 dead in China chemical plant blast

The local government reports the death toll in an explosion at a chemical plant in eastern China has risen to 44, with another 90 people seriously injured.

Thursday's blast at the Tianjiayi Chemical plant in the city of Yancheng is China's worst industrial accident in years, with nearly 1,000 area residents moved to safety as of Friday as a precaution against leaks and additional explosions.

Windows in buildings as far as about 3 miles were blown out by the force of the blast.

The Yancheng city government said on its official microblog that 3,500 medical workers at 16 hospitals had been mobilized to treat the injured.

China has long struggled with industrial safety. A 2015 explosion at a chemical warehouse in the city of Tianjin killed 173 people.

Source: Fox News World

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Good morning and welcome to Fox News First. Here’s a look at what you need to know today …

EXCLUSIVE: Trump says ‘Sleepy Joe’ Biden doesn’t have what it takes

President Trump, in a wide-ranging, exclusive phone interview with Fox News’ Sean Hannity, dismissed the launch of former Vice President Joe Biden’s presidential campaign, nicknaming him “Sleepy Joe” and saying he’s “not the brightest bulb.” Biden, the president said, has name recognition but he won’t “be able to do the job.” When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had “misguided energy” and asserted that Sanders “talks a lot” but hasn’t accomplished anything. The president referred to former U.S. Rep. Beto O’Rourke of Texas as “a fluke” who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg — although he said he was “rooting” for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party’s youth movement: Biden’s biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party — a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. … But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez’s bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could “develop for potential relationships,” track lines of questioning and “assess” changes in “demeanor” – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News’ “Hannity” Thursday night, responded to this report by accusing Strzok and Page of an attempted “coup.” “They were trying to infiltrate the administration,” he said.

Kim accuses US of acting in ‘bad faith’
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, “the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point,” the Straits Times of Singapore reported. Kim warned that the situation “may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks,” the Korean Central News Agency added.

NFL Draft 2019: It’s all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick — the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

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TODAY’S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the “Special Report” panel take a look at former Vice President Joe Biden’s decision to run for president a third time and the battle for the “soul” of America.

Not signed up yet for Fox News First? Click here to find out what you’re missing.

CLICK HERE to find out what’s on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News’ Bryan Robinson. Thank you for joining us! Have a good day and weekend! We’ll see you in your inbox first thing Monday morning.

Source: Fox News National

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