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FILE PHOTO: Worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian
FILE PHOTO: A worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian, Jiangsu province, China October 18, 2018. REUTERS/Stringer/File Photo

April 19, 2019

BEIJING (Reuters) – China will maintain policy support for the economy, which still faces “downward pressure” and difficulties after better-than-expected first quarter growth, the Communist Party’s top decision-making body said on Friday.

The statement from the politburo came two days after China reported had steady 6.4 percent annual growth in January-March, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.

“While fully affirming the achievements, we should clearly see that there are still many difficulties and problems in economic operations,” the official Xinhua news agency reported, citing a politburo meeting chaired by President Xi Jinping.

“The external economic environment is generally tightening and the domestic economy is under downward pressure.”

China will implement counter-cyclical adjustments “in a timely and appropriate manner”, while the pro-active fiscal policy will become more forceful and effective, and the prudent monetary policy will be neither too tight nor too loose, it said.

For this year, the government has unveiled tax and fee cuts amounting to 2 trillion yuan ($298.35 billion) to ease burdens on firms, while the central bank has cut banks’ reserve requirement ratios (RRR) five times since early 2018 to spur lending.

Further policy easing is widely expected.

On Friday, the politburo reiterated that the government will effectively support the private economy and the development of small- and medium-sized firms.Authorities will strike a balance between stabilizing economic growth, promoting reforms, controlling risks and improving people’s livelihoods, the politburo said.

China will push forward structural deleveraging and prevent speculation in the property market, it said.

“We should adhere to the orientation that houses are used for living, not for speculation,” the politburo said, reaffirming a city-based approach in controlling the property sector.

China’s economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed last week, as sluggish demand at home and abroad weigh on activity despite a flurry of policy support measures.

(Reporting by Beijing Monitoring Desk and Kevin Yao; Editing by Richard Borsuk)

Source: OANN

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House Speaker Nancy Pelosi on Friday declined to comment on whether Congress might launch impeachment proceedings against President Donald Trump, saying it was not appropriate to criticize him while she was abroad, visiting the Irish border.

Special Counsel Robert Mueller’s report on his inquiry into Russia’s role in the 2016 U.S. election provided extensive details on Trump’s efforts to thwart the probe, but Democratic party leaders have played down talk of impeachment just 18 months before the 2020 presidential election.

“Whatever the issue and challenge that we face, the Congress of the United States will honor its oath of office to protect and defend the constitution of the United States, to protect our democracy,” Pelosi told journalists in Belfast when asked about possible impeachment proceedings.

“The legislative branch has a responsibility of oversight of our democracy and we will exercise that,” she said.

Source: NewsMax Politics

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An Australian man who served 12 years in jail for a murder he did not commit died in a hit-and-run accident in Los Angeles on Thursday at the age of 56, The West Australian reported.

Mallard was walking across the street around 1:30 a.m. when a driver struck him and failed to stop, LAPD told The West Australian. A witness attempted to administer CPR, but Mallard died at the scene. The British-born Australian was on vacation in the U.S. from his home in the United Kingdom when he passed.

FLORIDA DRIVER CRITICALLY INJURED IN SHOCKING HIT-AND-RUN ROLLOVER CRASH

Mallard was sentenced to life in prison in 1995 for murdering Pamela Lawrence in her Mosman Park jewelry store on May 23, 1994, WA Today reported. The High Court of Australia exonerated Mallard in 2006 after discovering prosecutors withheld information from the defense team.

“It’s just fortunate that he got to spend 13 years of freedom after so much time wrongfully imprisoned,” Attorney-General John Quigley who fought for Mallard’s freedom told The Western Australian. The Australian state government paid Mallard a $2 million settlement in 2009 for his wrongful conviction.

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Police conducted two separate investigations into the cold case in 2006 and found new evidence to charge a different man, Simon Rochford, in the murder. Rochford, who had been found guilty of murdering his girlfriend Brigitta Dickens, committed suicide in Albany Prison before prosecutors could try the case. Mallard was finally eliminated as a suspect.

Western Australian police notified Mallard’s family of his death and offered condolences during this difficult time, a spokesperson for the department said.

Source: Fox News World

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FILE PHOTO: German Finance Minister Olaf Scholz attends a Reuters interview in Berlin
FILE PHOTO: German Finance Minister Olaf Scholz attends a Reuters interview in Berlin, Germany, April 10, 2019. REUTERS/Hannibal Hanschke/File Photo

April 19, 2019

BERLIN (Reuters) – Finance Minister Olaf Scholz ruled out taking on new debt to stimulate Germany’s slowing economy and blamed anemic growth this year on external factors like unresolved trade disputes and the risk of Britain leaving the European Union without a deal.

In an interview with the BBC aired on Friday, the Social Democrat finance minister also dismissed fears that Europe’s largest economy could plunge into a recession after the government halved its 2019 growth forecast to 0.5 percent.

Chancellor Angela Merkel’s right-left coalition government is facing calls from EU partners and the International Monetary Fund to boost investment, while a conservative lawmaker has demanded a stimulus package to jump-start the economy.

“We just have softer growth, which is far away from a recession,” said Scholz. “And if you are really a globalized economy, if you are a big exporter and importer all the developments in the world economy will have an impact on the development of your country. And we know that there is a slowing of the world economy. And we know where this comes from. It is mostly political reasons.”

He added that trade disputes between the United States and both China and the EU, as well as Brexit uncertainties, were the main causes of the slowdown in Germany and not structural problems like weak investment.

Scholz’s decision to take on no new debt has drawn criticism from both Merkel’s conservatives and his center-left Social Democrats (SPD) as well as from business leaders who want lower corporate taxes.

“I very much agree with all those in Germany saying that we should not have extra debt,” said Scholz.

“It is a very good policy that we say that we have enough debt in Germany and that there should not be an increase and that we will stick to the rule of not further increasing the public debt.”

Scholz said approved tax relief for families to the tune of 10 billion euros ($11 billion) a year, higher spending on pensions and social welfare, and investments in digitalization, infrastructure and research and development should keep the economy humming.

Germany, whose economy has grown in each of the last nine years, has had a “debt brake” law in place since 2011 that forces the federal and state governments to virtually eliminate their structural budget deficits over five to 10 years.

(Reporting by Joseph Nasr; Editing by Douglas Busvine and Mark Potter)

Source: OANN

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A tiny Japanese baby who weighed just 258 grams (9 ounces) when he was born five months ago is going home from the hospital.

Ryusuke Sekino was shown on Japanese TV on Friday sitting in his mother’s arms, looking somberly around at media cameras.

His mother told reporters she was worried and cried a lot at first because he was so fragile and had transparent skin. She said she now is able to breastfeed him and is looking forward to taking him home on Saturday and giving him a bath.

The University of Iowa keeps a Tiniest Babies Registry, which shows the previous smallest surviving boy weighed 268 grams (9.5 ounces) when he was born last year in Japan. A German girl born in 2015 weighed 252 grams (8.9 ounces).

Source: Fox News World

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0 0

China will keep supporting economy as ‘pressure’ lingers: politburo

FILE PHOTO: Worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian
FILE PHOTO: A worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian, Jiangsu province, China October 18, 2018. REUTERS/Stringer/File Photo

April 19, 2019

BEIJING (Reuters) – China will maintain policy support for the economy, which still faces “downward pressure” and difficulties after better-than-expected first quarter growth, the Communist Party’s top decision-making body said on Friday.

The statement from the politburo came two days after China reported had steady 6.4 percent annual growth in January-March, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.

“While fully affirming the achievements, we should clearly see that there are still many difficulties and problems in economic operations,” the official Xinhua news agency reported, citing a politburo meeting chaired by President Xi Jinping.

“The external economic environment is generally tightening and the domestic economy is under downward pressure.”

China will implement counter-cyclical adjustments “in a timely and appropriate manner”, while the pro-active fiscal policy will become more forceful and effective, and the prudent monetary policy will be neither too tight nor too loose, it said.

For this year, the government has unveiled tax and fee cuts amounting to 2 trillion yuan ($298.35 billion) to ease burdens on firms, while the central bank has cut banks’ reserve requirement ratios (RRR) five times since early 2018 to spur lending.

Further policy easing is widely expected.

On Friday, the politburo reiterated that the government will effectively support the private economy and the development of small- and medium-sized firms.Authorities will strike a balance between stabilizing economic growth, promoting reforms, controlling risks and improving people’s livelihoods, the politburo said.

China will push forward structural deleveraging and prevent speculation in the property market, it said.

“We should adhere to the orientation that houses are used for living, not for speculation,” the politburo said, reaffirming a city-based approach in controlling the property sector.

China’s economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed last week, as sluggish demand at home and abroad weigh on activity despite a flurry of policy support measures.

(Reporting by Beijing Monitoring Desk and Kevin Yao; Editing by Richard Borsuk)

Source: OANN

0 0

Pelosi Dodges on Impeachment: Congress Will ‘Defend the Constitution’

House Speaker Nancy Pelosi on Friday declined to comment on whether Congress might launch impeachment proceedings against President Donald Trump, saying it was not appropriate to criticize him while she was abroad, visiting the Irish border.

Special Counsel Robert Mueller's report on his inquiry into Russia's role in the 2016 U.S. election provided extensive details on Trump's efforts to thwart the probe, but Democratic party leaders have played down talk of impeachment just 18 months before the 2020 presidential election.

"Whatever the issue and challenge that we face, the Congress of the United States will honor its oath of office to protect and defend the constitution of the United States, to protect our democracy," Pelosi told journalists in Belfast when asked about possible impeachment proceedings.

"The legislative branch has a responsibility of oversight of our democracy and we will exercise that," she said.

Source: NewsMax Politics

0 0

Australian man who was wrongfully convicted of murder dies in Los Angeles hit-and-run accident

An Australian man who served 12 years in jail for a murder he did not commit died in a hit-and-run accident in Los Angeles on Thursday at the age of 56, The West Australian reported.

Mallard was walking across the street around 1:30 a.m. when a driver struck him and failed to stop, LAPD told The West Australian. A witness attempted to administer CPR, but Mallard died at the scene. The British-born Australian was on vacation in the U.S. from his home in the United Kingdom when he passed.

FLORIDA DRIVER CRITICALLY INJURED IN SHOCKING HIT-AND-RUN ROLLOVER CRASH

Mallard was sentenced to life in prison in 1995 for murdering Pamela Lawrence in her Mosman Park jewelry store on May 23, 1994, WA Today reported. The High Court of Australia exonerated Mallard in 2006 after discovering prosecutors withheld information from the defense team.

“It’s just fortunate that he got to spend 13 years of freedom after so much time wrongfully imprisoned,” Attorney-General John Quigley who fought for Mallard’s freedom told The Western Australian. The Australian state government paid Mallard a $2 million settlement in 2009 for his wrongful conviction.

CLICK HERE FOR THE FOX NEWS APP

Police conducted two separate investigations into the cold case in 2006 and found new evidence to charge a different man, Simon Rochford, in the murder. Rochford, who had been found guilty of murdering his girlfriend Brigitta Dickens, committed suicide in Albany Prison before prosecutors could try the case. Mallard was finally eliminated as a suspect.

Western Australian police notified Mallard’s family of his death and offered condolences during this difficult time, a spokesperson for the department said.

Source: Fox News World

0 0

Scholz rules out new debt to stimulate Germany’s slowing economy

FILE PHOTO: German Finance Minister Olaf Scholz attends a Reuters interview in Berlin
FILE PHOTO: German Finance Minister Olaf Scholz attends a Reuters interview in Berlin, Germany, April 10, 2019. REUTERS/Hannibal Hanschke/File Photo

April 19, 2019

BERLIN (Reuters) – Finance Minister Olaf Scholz ruled out taking on new debt to stimulate Germany’s slowing economy and blamed anemic growth this year on external factors like unresolved trade disputes and the risk of Britain leaving the European Union without a deal.

In an interview with the BBC aired on Friday, the Social Democrat finance minister also dismissed fears that Europe’s largest economy could plunge into a recession after the government halved its 2019 growth forecast to 0.5 percent.

Chancellor Angela Merkel’s right-left coalition government is facing calls from EU partners and the International Monetary Fund to boost investment, while a conservative lawmaker has demanded a stimulus package to jump-start the economy.

“We just have softer growth, which is far away from a recession,” said Scholz. “And if you are really a globalized economy, if you are a big exporter and importer all the developments in the world economy will have an impact on the development of your country. And we know that there is a slowing of the world economy. And we know where this comes from. It is mostly political reasons.”

He added that trade disputes between the United States and both China and the EU, as well as Brexit uncertainties, were the main causes of the slowdown in Germany and not structural problems like weak investment.

Scholz’s decision to take on no new debt has drawn criticism from both Merkel’s conservatives and his center-left Social Democrats (SPD) as well as from business leaders who want lower corporate taxes.

“I very much agree with all those in Germany saying that we should not have extra debt,” said Scholz.

“It is a very good policy that we say that we have enough debt in Germany and that there should not be an increase and that we will stick to the rule of not further increasing the public debt.”

Scholz said approved tax relief for families to the tune of 10 billion euros ($11 billion) a year, higher spending on pensions and social welfare, and investments in digitalization, infrastructure and research and development should keep the economy humming.

Germany, whose economy has grown in each of the last nine years, has had a “debt brake” law in place since 2011 that forces the federal and state governments to virtually eliminate their structural budget deficits over five to 10 years.

(Reporting by Joseph Nasr; Editing by Douglas Busvine and Mark Potter)

Source: OANN

0 0

Tiny Japanese baby is ready to go home after 5 months

A tiny Japanese baby who weighed just 258 grams (9 ounces) when he was born five months ago is going home from the hospital.

Ryusuke Sekino was shown on Japanese TV on Friday sitting in his mother's arms, looking somberly around at media cameras.

His mother told reporters she was worried and cried a lot at first because he was so fragile and had transparent skin. She said she now is able to breastfeed him and is looking forward to taking him home on Saturday and giving him a bath.

The University of Iowa keeps a Tiniest Babies Registry, which shows the previous smallest surviving boy weighed 268 grams (9.5 ounces) when he was born last year in Japan. A German girl born in 2015 weighed 252 grams (8.9 ounces).

Source: Fox News World

0 0

Return of the bench seat: Concept EVs show space big enough for sofas

The interior of the Audi's new concept AI: ME with automated driving system is seen during the media day for Shanghai auto show
The interior of the Audi's new concept AI: ME with automated driving system is seen during the media day for Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song

April 19, 2019

By Norihiko Shirouzu

SHANGHAI (Reuters) – Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats.

In the design studies, automakers have taken advantage of the space freed up by the electric motor, which takes less room than the bulky internal combustion engine, cooling apparatus and complex transmission gears needed for gasoline cars.

As most batteries in an EV are laid out flat under the floor, the EVs shown in the Shanghai auto show, which started on Tuesday, also have more height and, in fact, many are sport-utility vehicles (SUVs).

Both the AI:me urban car and Infiniti’s QX Inspiration SUV have flat floors, interiors large enough to accommodate what looks like a sofa in the back and more leg room and storage.

Because there is no tunnel, which often houses the drive shaft and exhaust apparatus in a gasoline car, running through the length of the EV cabin, the center of the rear seat “can become just as valuable” as the space on its sides, design chief for Nissan’s premium brand Infiniti, Karim Habib, said.

That in turn points to the possibility of “a return of the bench seat” in the front and the rear – a throwback to American cars of a bygone era, Habib told Reuters.

The EV’s flat and slightly elevated floor allows passengers to slide into it, Habib said. “You can kind of comfortably sit into it … You can cross your legs, stretch your legs out,” he added, referring to the QX Inspiration concept car.

Audi’s AI:me offers what the company’s China operations chief, Thomas Owsianski, described as “maximum space comfort” despite its smallish urban car profile.

“We are fundamentally changing the perception of a (urban) car, particularly car experience,” Owsianski said in Shanghai on Monday. “The AI:me has very compact dimensions but … it shows the urban mobility, especially premium mobility, doesn’t need to feel small. Cars are becoming a living room space.”

(Reporting By Norihiko Shirouzu; Editing by Himani Sarkar)

Source: OANN

0 0

South Africa church collapses during Easter service, killing at least 13, injuring 16: report

At least 13 people were killed Thursday evening after a church collapsed in South Africa, according to local media.

The collapse at the Pentecostal church in Dlangubo occurred during an Easter season service, South Africa's News24 reported.

Robert McKenzie, a KwaZulu-Natal emergency medical services spokesman, told the outlet that heavy rainfall may have been to blame. He said sixteen people were also injured.

Disaster management officials were dispatched to the site of the collapse. An investigation is underway.

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Dlangubo is located near the country's eastern shore, about a 3-hour drive south of Swaziland.

The Associated Press contributed to this report.

Source: Fox News World


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