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India’s economy seen losing momentum ahead of election

Labourers works at the construction site of a residential building in Mumbai
Labourers works at the construction site of a residential building in Mumbai, India, February 4, 2016. REUTERS/Shailesh Andrade

February 27, 2019

By Manoj Kumar

NEW DELHI (Reuters) – India’s economy appeared to be losing momentum in the approach to a general election that must be held by May, as a Reuters survey of economists forecast that growth slipped to 6.9 percent annually in the October-December quarter.

If the forecast proves accurate, India will post its slowest growth in five quarters, making it harder for Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) to persuade voters that government policies were delivering economic success.

The gross domestic product and the second advance estimates for the 2018/19 fiscal year ending in March will be released on Thursday around 1200 GMT.

Weaker domestic and external demand were key factors behind the economists expectations of sub-7 percent growth. India would still be growing faster than China’s 6.4 percent growth in the same quarter, but its economy has decelerated from the more than two-year high of 8.2 percent growth posted in the April-June quarter.

The current growth numbers may look respectable, but Modi faces a criticism that he has not done enough for the manufacturing sector and create enough jobs for millions of youth entering the jobs market every month.

Growing signs of weakness in India, most alarmingly the desperation of rural communities whose income have been hit by falling prices for farm produce, forced Modi earlier this month to increase state spending, and make direct cash transfers to farmers. That could marginally help growth rates, but it will increase the government’s debt.

This month, the Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points to 6.25 percent, and changed its stance to “neutral” to boost a slowing economy as inflation has come down sharply.

“The economic growth slowed in December quarter following weaker consumption as reflected by auto sales and slowdown in credit after a crisis in non-banking financial company sector,” A. Prasanna, chief economist at ICICI Securities Primary Dealership in Mumbai said.

Prasanna said economic growth in December quarter could fall to as low as 6.4 percent.

Economic growth could suffer from a possible slowdown in state spending in the two months before the election.

But, Prasanna and other analysts still expected a pick up in coming quarters due to rising private investments and consumer demand, helped by lower interest rates and a fall in global oil prices.

Average industrial capacity utilization during the four quarters that ended in September 2018 was about 74.5 per cent although the new orders growth has moderated, according to the RBI estimates released earlier this month.

Year-on-year growth in the industrial output in November and December 2018 were low at 0.3 per cent and 2.4 per cent, compared to the average growth of 5.7 per cent in the preceding seven months of 2018-19.

The country has underperformed in the manufacturing sector – though emerging as the world’s sixth biggest auto manufacturer, and expanding production of smart phones.

Manufacturing’s share of GDP has risen just 1.5 percent in last three years to stand at nearly 18 percent, and investors complain that higher taxes, lack of efficient infrastructure and regulatory red tape make India a difficult place to work.

Inflows of foreign direct investment has slowed, dropping 7 percent to $33.5 billion in the nine months between April and December 2018, reflecting investors concerns that Modi’s business-friendly government faced a tough contest and whoever wins the election could have a hard time pressing forward with needed reforms.

“The government needs to focus on addressing issues related to land, labor tax, the policy regime related to infrastructure, and overall ease of doing business,” Upasana Chachra, an economist at Morgan Stanley said in a note earlier this week.

(Editing by Simon Cameron-Moore)

Source: OANN

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Google announces Stadia video game service

Google CEO Sundar Pichai speaks during the Google keynote address at the Gaming Developers Conference in San Francisco
Google CEO Sundar Pichai speaks during the Google keynote address at the Gaming Developers Conference in San Francisco, California, U.S., March 19, 2019. REUTERS/Stephen Lam

March 19, 2019

SAN FRANCISCO (Reuters) – Alphabet Inc’s Google announced on Tuesday a video game streaming service dubbed Stadia that attempts to capitalize on the company’s cloud technology and global network of data centers.

The technology would allow users to play high-end games on their internet browser without having to wait for any content to be downloaded to their device.

Google unveiled the service during a keynote presentation in San Francisco at the Game Developers Conference, which is bringing together this week about 25,000 people who work in the video games industry.

(Reporting by Paresh Dave; Editing by Phil Berlowitz)

Source: OANN

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Japan’s Heisei imperial era: three generations look back, and ahead

Kenji Saito cooks at his ramen noodle shop in Tokyo
Kenji Saito cooks at his ramen noodle shop in Tokyo, Japan April 12, 2019. REUTERS/Kim Kyung-hoon

April 24, 2019

By Linda Sieg and Kwiyeon Ha

TOKYO (Reuters) – Japan’s Heisei era, which began when Emperor Akihito inherited the throne on Jan. 7, 1989, and ends when he abdicates on April 30, saw economic stagnation, disasters and technological change.

Generations of Japanese lived through those decades. Their differing views and experiences will shape the legacy of the Heisei years.

WARTIME EXPERIENCES

For decades, Haruyo Nihei kept her wartime memories locked away: mothers and infants burnt alive by incendiary bombs; herself struggling under corpses of fleeing victims; her sister’s body covered with maggot-infested burns.

But in 2002, almost six decades after World War Two ended and 13 years after Akihito took the throne, she decided to speak out. The trigger: a visit to a new museum about the March 10, 1945, U.S. firebombing that killed an estimated 100,000 people in Tokyo.

Nihei, now 82, still hopes that by recounting her experience as an eight-year-old in the final days of the conflict, she can convey the horrors of war to young Japanese who know only peace.

“Children today … don’t know anything about war and that’s wonderful. But if they don’t know about how Japan fought a war some 70 years ago, we may follow a mistaken path again,” Nihei told Reuters before speaking to students at the museum.

Preventing Japan from forgetting the tragedy of war has been a consistent priority of Akihito, in the name of whose father, Hirohito, Japanese troops fought World War Two.

Nihei said she admired Akihito’s efforts, including trips to overseas battle sites such as Saipan in 2005 to pray for war dead from Japan and other countries.

“When I saw the image of the emperor and empress (bowing at a seaside cliff) on Saipan, I felt they were truly sorry for the sins the Emperor Showa had committed,” she said, referring to Hirohito by his posthumous name. “I was moved.”

But she worries the wartime past has little resonance for today’s Japanese youth.

“I want them to study about the past properly and link that to the future,” she said.

BURST BUBBLE

For Kenji Saito, Heisei was a time of shocking change and liberating opportunity.

Saito, a former computer systems engineer, was on a business trip in November 1997 when he got a phone call.

“Don’t you work for Yamaichi?” a relative asked.

Media had reported Yamaichi Securities, Japan’s oldest and fourth-largest brokerage, was headed for collapse under the weight of losses hidden for years after the “bubble economy” of soaring asset prices burst.

The image of Yamaichi’s then-president Shohei Nozawa apologizing and crying as he begged for jobs for the firm’s nearly 8,000 employees became a symbol of the financial turmoil that ushered in Japan’s “lost decade” of stagnation.

The Heisei era also saw the unraveling of a lifetime employment system that was once a pillar of the country’s post-war rise.

“No one ever thought Yamaichi would collapse,” said Saito, who had joined the firm as a 22-year-old college graduate.

After the brokerage failed, he worked for a computer systems company run by his former boss. By 2005, he’d had enough of the corporate rat race and left to start a ramen shop that has since expanded to 10 restaurants.

The economic stagnation of much of the era has left a gloomy taste for many, but Saito said he felt liberated.

“I think for myself and can act on my own,” he said. “For me, the Heisei years were good.”

Still, he worries too many Japanese lack entrepreneurial spirit. “People want stability. To put it negatively, they lack the spirit to challenge.”

FUTURE ANGST

A massive natural disaster, technological change, and anxiety about the future are what university student Yuri Harada thinks of when she ponders the Heisei era.

Harada was 11 when a massive 9.0-magnitude earthquake and tsunami hit northeast Japan on March 11, 2011, triggering a nuclear meltdown in Fukushima.

“Even in Tokyo, the shaking was strong and students panicked,” said Harada, 19 and a student at Waseda University. She walked three hours to get home because trains had stopped and later saw the devastation on TV. “It was really shocking.”

In elementary school, Harada longed for a smartphone, just beginning to spread in Japan. At first, her parents said it was too costly, but by the time she was in junior high, the devices were ubiquitous.

“I feel as if the advance of technology corresponded with my growing up,” she said.

Japan is in the midst of a historic labor shortage, but Harada recalled the “employment ice age” her elders suffered through after the economic bubble burst. She is concerned a potential downturn could wreck the job market again.

“Frankly … I worry whether this sellers’ market will persist,” she said.

Longer-term, she worries whether Japan’s social stability will crumble.

Japan this month introduced a visa program to let in more blue-collar workers, a big step in the immigration-shy country.

“If we don’t do this properly, we could follow the same path” as Western countries gripped by anger over immigration, said Harada, who has studied abroad and majors in international relations.

Such fears cloud her hopes for the new “Reiwa” imperial era, which begins on May 1.

“I’d like to be optimistic, but I can’t,” she said.

(Writing by Linda Sieg; Editing by Gerry Doyle)

Source: OANN

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Asia shares take a breather, pound near nine-month peak

FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo
FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo, Japan December 27, 2018. REUTERS/Kim Kyung-Hoon

March 14, 2019

By Swati Pandey

SYDNEY (Reuters) – Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world’s second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote.

MSCI’s broadest index of Asia-Pacific shares outside Japan was barely changed at 522.38 points. Japan’s Nikkei jumped 0.6 percent while Australian and New Zealand shares each added 0.2 percent.

Asian markets have seen an impressive rally this year with the MSCI index climbing about 10 percent largely after the U.S. Federal Reserve all but abandoned its rate hike plans.

Wall Street was buoyant overnight after U.S. data showed producer prices barely edged higher in February, the latest sign inflation remains tame and affirming expectations the Federal Reserve would maintain a “patient” approach to future tightening.

Analysts, however, remain skeptical about how much further a share rally would run as signs of slowing global growth, weak corporate earnings and trade tensions between the United States and China hang heavy on risk assets.

“Before we conclude that this market still has decent legs, we’d like to see equity prices supported by stronger macro data, lifted by better earnings trends, and confirmed by stable-to-rising yields,” David Lafferty, chief market strategist at Natixis, said in a note titled ‘Rally vs Reality’.

All eyes were on China, which is due to release figures on retail sales and industrial production later in the day.

Most of the action overnight was in Sterling after the British parliament rejected leaving the European Union without a deal, paving the way for a vote that could delay Brexit until at least the end of June.

The rejection of a no-deal Brexit sent the cable rallying to $1.3380, the highest since June 2018. It jumped 2.1 percent for its best one-day percentage gain since April 2017 and was last at $1.3315.

The real test for Sterling is yet to come, said Ray Attrill, head of forex strategy at National Australia Bank, as lawmakers still need to agree a way forward before an extension from the European Union could be obtained.

“Sterling is set to stay stuck in the washing machine for a while longer,” Attrill said.

“Indeed, it is still not possible to rule out the risk that we end up with a snap general election, an event risk which, were it to transpire, has the potential to hurt Sterling by even more than the prospect of an imminent UK exit from the EU without any transition arrangement.”

The euro extended gains for a fifth day in a row to the highest since March 5. It was last at $1.1306.

Wednesday’s vote boosted investor optimism in equities market too, with the pan-European STOXX 600 index climbing 0.6 percent while London’s FTSE 100 added 0.1 percent as sterling extended gains.

The dollar eased on the inflation data with its index against a basket of major currencies slipping for a fourth straight day to a 1-1/2 week trough. Against the Japanese yen, the dollar was last at 111.15.

Oil prices extended overnight gains with U.S. crude up 9 cents per barrel at $58.35 and Brent adding 7 cents to $67.62.

(Editing by Sam Holmes)

Source: OANN

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White supremacist gets life for running down black man

A white supremacist who ran down and killed a young black man in Oregon two years ago has been sentenced to life in prison without the possibility of parole for 28 years.

News outlets report Russell Courtier was sentenced Tuesday in the 2016 death of 19-year-old Larnell Bruce.

Jurors in March found the 40-year-old Courtier guilty of murder, hit-and-run driving and the hate crime of intimidation. Prosecutors argued Courtier was motivated by his white supremacist beliefs.

Authorities have said Courtier and Colleen Hunt were in a Jeep driven by Courtier and that he was encouraged by Hunt to drive into Bruce following a fist fight with him at a convenience store in the Portland suburb of Gresham.

Hunt pleaded guilty to manslaughter and was scheduled to be sentenced Tuesday afternoon.

Source: Fox News National

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Texas to execute second man in connection with 1998 dragging death of James Byrd Jr.

A second man is scheduled to be executed in Texas on Wednesday in connection with the 1998 killing of 49-year-old James Byrd Jr., a black man who was beaten by known white supremacists, chained to the back of a pickup truck and dragged for almost 3 miles before his body was dismembered.

TEXAS TOWN REFLECTS ON DRAGGING DEATH AHEAD OF EXECUTION

John William King, 44, will be put to death almost 21 years after being convicted in one of the nation’s most ruthless hate crimes. Lawrence Russell Brewer was executed by lethal injection in 2011. A third person, Shawn Berry, is serving a life sentence in prison but will be eligible for parole in 2038, Houston's FOX 26 reported.

FILE - In this Sept. 21, 2011, file photo, Ricky Jason wears a photo of James Byrd Jr. outside the Texas Department of Criminal Justice Huntsville Unit before the execution of Lawrence Russell Brewer in Huntsville, Texas. (Associated Press)

FILE - In this Sept. 21, 2011, file photo, Ricky Jason wears a photo of James Byrd Jr. outside the Texas Department of Criminal Justice Huntsville Unit before the execution of Lawrence Russell Brewer in Huntsville, Texas. (Associated Press)

King repeatedly appealed his guilty verdict, claiming Berry was solely responsible for Byrd’s death and that his counsel did not effectively assist him during trial. A federal appeals court maintained his conviction last year, and the U.S. Supreme Court declined to hear his case in October.

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King is scheduled to be put to death at 6 p.m. Wednesday. At the same time, the Byrd family will hold a prayer vigil in Jasper, Texas, at a park named after Byrd, FOX 26 reported. Byrd's family still hopes to build a multicultural center and museum in Jasper to promote diversity and education.

The Associated Press contributed to this report.

Source: Fox News National

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Sudanese leader Omar al-Bashir ousted after 3 decades in apparent military coup

Sudanese President Omar al-Bashir was ousted and arrested Thursday in an apparent military coup as army officials took power, effectively ending three decades of autocratic power that was marred by allegations of genocide.

The country’s defense minister, Awad Mohammed Ibn Ouf, dressed in military fatigues, announced on state TV that a state of emergency has been imposed for the next three months and that the military would be taking over for the next two years to suspend the constitution and close the nation’s borders and airspace.

Ibn Ouf said after the two years, "free and fair elections" will take place. He said a transitional military council will lead the country for those two years.

The announcement comes hours after the military said to expect an “important statement” on state TV on state TV as well as reports that al-Bashir had been placed under house arrest inside the presidential palace. The circumstances of the ouster remain unclear.

SUDANESE ARMY TO DELIVER 'IMPORTANT STATEMENT' AMID PROTESTS

Thursday’s news sent tens of thousands of Sudanese to the streets of the capital Khartoum cheering, singing and dancing in celebration.

Protesters chanted: “It has fallen, we won.”

Sudanese celebrate after officials said the military had forced longtime autocratic President Omar al-Bashir to step down after 30 years in power in Khartoum, Sudan, Thursday, April 11, 2019. (AP Photo)

Sudanese celebrate after officials said the military had forced longtime autocratic President Omar al-Bashir to step down after 30 years in power in Khartoum, Sudan, Thursday, April 11, 2019. (AP Photo)

Sudanese sources told Reuters that the 75-year-old Bashir was under house arrest and under “heavy guard” at the presidential residence. A son of Sadiq al-Mahdi, the head of the country’s main opposition Umma Party, told al-Hadath TV that Bashir was under house arrest along with “a number of leaders of the terrorist Muslim Brotherhood group”.

Pan-Arab TV networks said top ruling party officials were being arrested.

Word of al-Bashir’s remove comes months after protests erupted last December with rallies against a worsening economy. They quickly escalated into calls for an end to embattled al-Bashir’s rule.

LIBYA SPEAKER: NO DEALS WHILE ARMED GROUPS 'KIDNAP' TRIPOLI

The protests gained momentum last week after Algeria's President Abdelaziz Bouteflika, in power for 20 years, resigned in response to similar demonstrations.  The mass protests bear striking resemblances to the popular uprisings in 2011 that swept across several Arab nations and ousted leaders in Tunisia, Libya, Egypt, and Yemen.

"We are not leaving. We urge the revolutionaries not to leave the sit-in," the Sudanese Professionals Association, one of the main organizers, said Thursday, warning against attempts to "reproduce the old regime."

Protesters pray during a demonstration near the military headquarters, Tuesday, April 9, 2019, in the capital Khartoum, Sudan. Activists behind anti-government protests in Sudan say security forces have killed at least seven people, including a military officer, in another attempt to break up the sit-in outside the military headquarters in Khartoum. A spokeswoman for the Sudanese Professionals Association, said clashes erupted again early Tuesday between security forces and protesters who have been camping out in front of the complex in Khartoum since Saturday. (AP Photo)

Protesters pray during a demonstration near the military headquarters, Tuesday, April 9, 2019, in the capital Khartoum, Sudan. Activists behind anti-government protests in Sudan say security forces have killed at least seven people, including a military officer, in another attempt to break up the sit-in outside the military headquarters in Khartoum. A spokeswoman for the Sudanese Professionals Association, said clashes erupted again early Tuesday between security forces and protesters who have been camping out in front of the complex in Khartoum since Saturday. (AP Photo)

The Sudanese government responded with an increased crackdown. Security forces tried repeatedly to break up the sit-in since Saturday, in violence that killed at least 22 people.

Armored vehicles and tanks were parked in the streets and near bridges over the Nile River, they said, as well as in the vicinity of the military headquarters where the sit-in was taking place. The witnesses spoke on condition of anonymity, fearing reprisals. There were also unconfirmed reports that the airport in the Sudanese capital had been closed.

AMERICAN TOURIST, GUIDE WHO WERE FREED AFTER KIDNAPPING IN UGANDA PICTURED AS TRUMP URGES CAPTORS' CAPTURE

Ahead of the expected army statement, Sudanese radio played military marches and patriotic music. State TV ceased regular broadcasts, showing only the statement promising the statement and urging the public to "wait for it."

Protesters rally in front of the military headquarters in the capital Khartoum, Sudan, Monday, April 8, 2019. Organizers behind anti-government demonstrations in Sudan said security forces attempted to break up a sit-in outside the military headquarters. A spokeswoman for the Sudanese Professionals Association told The Associated Press that clashes erupted early Monday between security forces and protesters, who have been camped out in front of the complex in Khartoum since Saturday. (AP Photo)

Protesters rally in front of the military headquarters in the capital Khartoum, Sudan, Monday, April 8, 2019. Organizers behind anti-government demonstrations in Sudan said security forces attempted to break up a sit-in outside the military headquarters. A spokeswoman for the Sudanese Professionals Association told The Associated Press that clashes erupted early Monday between security forces and protesters, who have been camped out in front of the complex in Khartoum since Saturday. (AP Photo)

But the hours without an army statement raised fears among protesters that the military was seeking to keep its control. Some feared that the delay would allow al-Bashir to go into exile.

"Is there an attempt to get around the anger of the Sudanese people after they failed to end the protests by violence? If so, the revolution will continue," said Mariam al-Mahdi, of the opposition Umma Party.

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Al-Bashir came to power in a 1989 coup, leading an alliance of the military and Islamist hard-liners. Since then, the military has stuck by him, even as he was forced to allow the separation of South Sudan and as he became a pariah in many countries, wanted by the international war crimes tribunal for atrocities in Darfur that led to the death of an estimated 300,000 people.

The Associated Press contributed to this report.

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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The Dalai Lama has returned to his headquarters in the north Indian hill town of Dharmsala after a brief stay in a hospital in the capital for treatment of a chest infection.

Hundreds of exiled Tibetans lined the streets of Dharmsala carrying ceremonial scarves and incense sticks to welcome the Dalai Lama on Friday.

The 83-year-old Tibetan spiritual leader told reporters that he had fully recovered, but that the illness had been “a little bit serious.” He did not give any details.

The Dalai Lama usually spends several months a year traveling the world to teach Buddhism and highlight Tibetans’ struggle for greater freedom in China. But he has cut down on his travels in the past year to take care of his health.

Source: Fox News World

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