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Cyprus company sues ex-Trump campaign manager Manafort for fraud

( ) – U.S. President Donald Trump’s former campaign manager Paul Manafort faced a new legal headache on Wednesday after a Cyprus-based company tied to a Russian oligarch sued him and his business partner Richard Gates over allegations they committed financial fraud by misappropriating millions of dollars.

Surf Horizon Limited, a company linked in corporate filings to ally of Russian President Vladimir Putin named Oleg Deripaska, accused Manafort and Gates of misappropriating more than $18.9 million that the company had invested in Ukrainian telecom compa,上海夜哪里艳遇Kaiden,nies known collectively as the “Black Sea Cable.”

Manafort and Gates are already under criminal indictment by Special Counsel Robert Mueller, who has accused them of failing to register as foreign agents, conspiring to commit money launder and conspiring to defraud the United States.

Wednesday’s lawsuit, brought against the pair in a New York state trial-level court, marks the second time now that the Deripaska-linked company has sued them along with Pericles Emerging Market Partners, an investment management firm controlled by Manafort and Gates.

In August 2015, the company also filed a parallel case in the U.S. District Court for the Eastern District of Virginia, seeking documents and depositions i,上海021夜网Daisy,n connection with the alleged missing m,上海夜生活Larissa,oney.

Lawyers for Manafort and Gates could not immediately be reached for comment.

According to the lawsuit, Manafort and Gates had testified under oath in 2015 that they did not know whether Surf Horizon still owned any stock in the Black Sea Cable, even though Surf claims had paid one of their affiliated companies $7.35 million in management fees.

The lawsuit says Manafort and Gates said in sworn testimony they did not know what happened to more than $26 million had gone missing from the investment.

In May 2017, however, one of Surf’s affiliates, known as Adoptol Limited, brought legal proceedings in Cyprus and unearthed documents which show that Manaf上海夜生活网ort and Gates had “siphoned off for themselves millions of dollars” from Surf’s investment, the lawsuit said.

Written by shyw on February 27, 2019 Categories: fulcmeyh Tags: , ,

Net neutrality repeal gives Democrats fresh way to reach millennials

WASHINGTON ( ) – The U.S. Federal Communications Commission vote on Thursday to roll back net neutrality rules could galvanize young voters, a move Democrats hope will send millennials to the polls in greater numbers and bolster their chances in next year’s elections.

Democrats are hoping to paint the repeal of the rules by the FCC, which is now chaired by President Donald Trump appointee Ajit Pai, as evidence Republicans are uninterested in young people and consumer concerns at large.

“The American public is angry,” said FCC Commissioner Jessica Rosenworcel, a Democrat. She added that the actions of the Republican majority have “awoken a sleeping giant.”

Attitudes toward “net neutrality,” or rules that prevent internet providers from limiting customers’ access to certain websites or slowing download speeds for specific content, are largely split along party lines in Congress. The heated debate has turned into the kind of election issue that Democrats think will help them.

Studies show young people disproportionately use the internet compared with older Americans and polls have shown they feel passionately about fair and open internet access. Democrats believe the issue may resonate with younger voters who may not be politically active on other issues like taxes or foreign policy.

U.S. Senator Brian Schatz, a Hawaii Democrat, said on Twitter “young people need to take the lead on net neutrality. It’s possible for Millennial political leadership to make a real difference here.”


The scrapping of the Obama administration’s rules is likely to set up a court battle and could redraw the digital landscape, with internet service providers possibly revising how Americans view online content. The providers could use new authority to limit or slow some websites or offer “fast lanes” for certain content.

Republicans on the FCC have sought to reassure young people that their ability to access the internet will not change after the rules take effect. People who上海夜生活网 favor the move argue that after users realize that little or nothing has changed in their internet access, it will not resonate as a political issue.

Jesse Ferguson, a Democratic strategist, said polls have found young people are favoring Democrats in the most recent elections and that the net neutrality issue could be used to gather support in the 2018 midterm congressional elections.

He said while older voters tend to care about Medicare, polls are finding that younger voters are motivated by net neutrality.

“Net neutrality is the latest data point for voters that the administration is more interested in doing what big companies want them to do, than what people think is in their interest,” Ferguson said. “That’s a narrative that is politically toxic for Republicans.”

In November 2018, all 435 seats in the U.S. House of Representatives will be up for grabs, as will 34 seats in the Senate. Democrats hope to gain control of one or both chambers by capitalizing on the unpopularity of Trump. Republicans currently control both chambers as well as the White House.

To regain power, Democrats will need a strong showing of support among young voters, who traditionally have not shown up in large numbers for elections held in years when there is no presidential contest.

Liberal groups are using net neutrality a,上海夜网官方网站Gabriel,s an issue to criticize Republican incumbents.

Representative Pramila Jayapal, a Democrat from Washington state, echoed that sentiment, telling on Thursday that net neutrality will have “huge political legs … This is something that everyone acro,上海凤楼夜网Fabian,ss the country understands – the importance of the internet.”

The group End Citizens United announced last week a $35 million advertising campaign targeting 20 Republican House members for their stances on issues that relate to business, including net neutrality.

Democrats facing difficult election battles next year are already weighing in strongly in favor of net neutrality rules.

Senator Bill Nelson likely will face a difficult battle in Florida and sent a letter earlier in the week opposing the change in net neutrality rules. Several Democratic candidates are sending campaign fundraising appeals citing net neutrality.

The changes could also become issues in a number of House races across the country, where Democrats will need to win more than 25 seats to control the chamber. Democratic Minority Leader Nancy Pelosi also publicly opposed the rule changes, a sign that she wanted to be sure to stake a Democratic position on the issue.

U.S. Senate tax bill accomplishes major Obamacare repeal goal

WASHINGTON ( ) – The sweeping tax overhaul that passed the U.S. Senate on Saturday contains the Republicans’ biggest blow yet to former President Barack Obama’s healthcare law, repealing the requirement that all Americans obtain health insurance.

The individual mandate is meant to ensure a viable health insurance market by forcing younger and healthier Americans to,上海夜网Tamara, buy coverage to help offset the cost of sicker patients. It helps uphold the most popular provision of the law, which requires insurers charge sick and healthy people the same rates.

Removing it while keeping the rest of Obama’s Affordable Care Act intact is expected to cause insurance premiums to rise and lead to millions of people losing coverage, policy experts say.

“It’s going to take a bunch of healthy people out of the insurance market,” said Craig Garthwaite, director of the healthcare program at Northwestern University’s Kellogg School of Management.

Obamacare “is going to collapse even more now,” he said.

Republican lawmakers failed several times this year to scrap the mandate as part of a broader repeal of Obamacare, blocked by opposition from a few of the party’s senators, including Susan Collins of Maine.

Collins, still opposed to removing the mandate, said she voted for the tax bill on Saturday after being assured by Republican leaders that they will support legislation to prop up U.S. health insurance markets.

The tax bill is not yet final. The U.S. House of Representatives and Senate must now reconcile the differences in their respective versions of the legislation.

“Repealing the individual mandate simply restores to people the freedom to choose,” Republican Senator Lisa Murkowski, who has opposed previous Obamacare repeal efforts, wrote in an opinion piece in Alaska’s Fairbanks Daily News-Miner.

“Instead of taxing people for not being able to afford coverage, we should be working to reduce costs and provide options.”

One of the Obamacare stabilization bills, co-authored by Republican Senator Lamar Alexander and Democratic Senator Patty Murray, would restore billions of dollars in subsidies that health insurers use to reduce out-of-pocket costs for low income Americans.

A second, co-authored by Collins and Democratic Senator Bill Nelson, would create an additional $4.5 billion fund to compensate insurers for covering health care for the sickest patients.

S,上海夜生活网交流Quay,till, health policy experts said both of those measures would be needed without a mandate repeal and would not make up for expected premium increases and the rise in the numbers of uninsured Americans.

“Neither of these bills would do anything to offset the increase in uninsured resulting from a mandate repeal,” said Larry Levitt, health economist at the Kaiser Family Foundation. “The marketplaces would limp along without a mandate but it’s probably not a stable place.”

Without the mandate, health insurance premiums would rise 10 percent in most years over the next decade on the individual market and 13 milli,上海夜生活论坛Hadley,on people would lose coverage by 2027, the nonpartisan Congressional Budget Office said in a report last month. 

Levitt said that insurers would need around $10 billion per year to offset the lost revenue from the individual mandate rather than raise premiums.

Republicans, who control the White House, U.S. House of Representatives and Senate, failed for months to make 上海夜生活论坛good on a top campaign pledge of President Donald Trump.

Trump has said Congress will return to repeal-and-replace efforts next year and over the past several months has taken regulatory and executive actions to steadily undermine the Obamacare law.  

Insurers and leading medical groups have already urged Congress to preserve the individual mandate and warned of “serious consequences” such as rising premiums and a rise in the number of uninsured if it were repealed.

Written by shyw on February 25, 2019 Categories: ggvgrggl Tags: , , ,

China set to post slowest growth in 28 years in 2018, more stimulus…

BEIJING ( ) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.

Growing signs of weakness in China — which has generated nearly a third of global growth in the past decade — are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.

Chinese policymakers have pledged more support for the economy this year to reduce the ris,上海夜哪里艳遇Mabel,k of massive job losses, but they have ruled out a “flood” of stimulus like that which Beijing has unleashed in the past, which quickly juiced growth rates but left a mountain of debt.

Analysts polled by expect the world’s second-largest economy to have grown 6.4 percent in the October-December quarter from a year earlier, slowing from the previous quarter’s 6.5 percent pace and matching levels last seen in early 2009 during the global financial crisis.

That could pull 2018 gross domestic product (GDP) growth to 6.6 percent, the lowest since 1990 and down from a revised 6.8 percent in 2017.

With stimulus measures expected to take some time to kick in, most analysts believe conditions in China are likely to get worse before they get better, and see a further slowdown to 6.3 percent this year. Some analysts believe real growth levels are already much weaker than official data suggest.

Even if China and the Un,上海夜生活桑拿会所Fabiana,ited States agree on a trade deal in current talks, which is a tall order, analysts said it would be no panacea for the sputtering Chinese economy unless Beijing can galvanize weak investment and consumer demand.

Chen Xingdong, chief China economist at BNP Paribas, said investors should not expect the latest round of stimulus to produce similar results as during the 2008-09 global crisis, when Beijing’s huge spending package quickly boosted growth.

“What China can really do this year is to prevent deflation, prevent a recession and a hard landing in the economy,” Chen said.

On a quarter,上海晚上耍女人的地方Balthazar,ly basis, growth likely eased to 1.5 percent inOct-Dec from 1.6 percent in the preceding period.

China will release its fourth-quarter and 2018 GDP data onMonday (0200 GMT), along with December factory output, retailsales and fixed-asset investment.

Since China’s quarterly GDP readings tend to be unusually steady, most investors prefer to focus on recent trends.

Surprising contractions in December trade data and factory activity gauges in recent weeks have suggested the economy cooled more quickly than expected at the end of 2018, leaving it on shakier footing at the start of the new year.

Sources have told that Beijing was planning tolower its growth target to 6-6.5 percent this year from around6.5 percent in 2018.

Tepid expansion in industrial output and weaker consumer spending is squeezing companies’ profit margins, discouraging fresh investment and raising the risk of higher job losses.

Some factories in Guangdong – China’s export hub – have shut earlier than usual ahead of the long Lunar New Year holiday as the tariff war with the United States curtails orders. Others are suspending production lines and cutting back on workers’ hours.

If the trade war drags on, some migrant workers may not have jobs to return to.

Trade negotiators are facing an early March deadline and Washington has threatened to sharply hike tariffs if there are no substantial signs of progress.


So far, Chinese policymakers have fast-tracked construction projects and cut taxes and some import duties to spur demand.

To free up more funds for lending, particularly to more vulnerable smaller firms, the central bank has cut the amount of reserves that banks need to set aside as reserves (RRR) five times over the past year, and guided borrowing costs lower.

Further RRR reductions are expected in coming quarters, but most analysts do not see a cut in benchmark interest rates just yet, as 上海夜生活policymakers wait to see if earlier steps begin to stabilize conditions. More forceful easing could pressure the yuan and aggravate high debt levels, with money going into less efficient or speculative investments. The government may unveil more fiscal stimulus measures during the annual parliament meeting in March, including bigger tax cuts and more spending on infrastructure projects, analysts say.

Some China watchers believe the government could deliver 2 trillion yuan ($295.13 billion) worth of cuts in taxes and fees this year, and allow local governments to issue another 2 trillion yuan in special bonds largely used to fund key projects.

Still, some analysts do not expect the economy to bottom out convincingly until summer.

U.S. senator asks J&J for documents on talc, baby powder safety

( ) – U.S. Democratic Senator Patty Murray sent a letter to Johnson & Johnson on Tuesday seeking information related to allegations in a Special Report that the healthcare company knew about the presence of asbestos in its talc-based baby powder.

The letter addressed to J&J Chief Executive Alex Gorsky asks for documents and information related to testing of its talc products for the presence of carcinogens and “how it presented that information to regulators and consumers.”

on Dec. 14 published a Special Report detailing that the company knew that the talc in its raw and finished powders sometimes tested positive for cancer-causing asbestos fro上海夜网m the 1970s into the early 2000s – test results the company did not disclose to regulators or consumers.

While exposure to asbestos has been linked to mesothelioma, J&J has repeatedly said that its talc products are safe, and that decades of studies have shown them to be asbestos-free and that they do not cause cancer.

J&J spokesman Ernie Knewitz, in an emailed statement, acknowledged receiving the letter and said the company looks forward to sharing its response with the senator.

“As we have consistently stated, we firmly stand behind the safety and purity of our talc, which has been confirmed by thousands of independent tests by regulators worldwide, including the U.S. FDA and many of the world’s leading,上海夜生活网交流Quaid, independent laboratories,” the company statement said.

Murray, the top Democrat on the Republican-controlled Senate Committee on Health, Education, Labor and Pensions, referred to the report in her letter. It began, “I am troubled by recent reports of an alleged decades-long effort by Johnson & Johnson to potentially mislead regulators and consumers about the safety of one of its products, which may have resul,上海仙霞路夜生活Eden,ted in long-term harm for men, women, and children who used Johnson & Johnson baby powder.”

J&J is facing more than 11,000 lawsuits alleging that use of its talc products, including baby powder, caused cancer.

Murray asked for documents to support the company’s claim that its current talc products do not contain any level of asbe,上海夜网千花Rae,stos, documents on the testing of its talc products and communications with the Food and Drug Administration about the safety of its baby powder dating from 1966 to present.

Global stocks gain on earnings, euro rebounds after dovish ECB

LONDON ( ) – Global stocks rose on Friday, as strong earnings helped to underpin investor sentiment in the face of growing signs that the global economy is slowing and a still unresolved trade dispute between the United States and China.

The euro rebounded against the dollar after falling to its lowest in six weeks following Thursday’s European Central Bank meeting.

European markets opened firmer, with the automakers and tech sector indices rising 1.5 percent and 1 percent respectively. The pan-European STOXX index hit its highest since Dec. 4, last up 0.7 percent on the day. [.EU]

The gains came as stocks rose overnight in Asia and the United States on the back of strong earnings from U.S. tech firms.

MSCI’s All-Country World Index .MIWD00000PUS, which tracks shares in 47 countries, was up 0.3 percent on the day. But the gauge was set to break a four-week streak of gains as weak economic data and cautious soundings from central banks pulled the index half a percent down on the week.

Data at the start of the week showed China’s economy grew at its slowest in 28 years in 2018, while purchasing manager indexes in Germany and the euro zone indicated stagnation in the bloc. On Thursday, the European Central Bank alluded to downside risks to growth for the first time in its statement since April 2017, while Germany cut its economic growth forecast for 2019.


Somber news continued to trickle in on Friday, with German business morale falling for the fifth month in a row in January according to the Ifo business climate index.

For an interactive version of the below chart, click here tmsnrt.rs/2B4fP26.

According to the ,上海夜哪里艳遇Naia,latest polls of hundreds of economists from around the world, a synchronized global economic slowdown is underway and any escalation in the U.S.-China trade war would trigger a sharper downturn.

Sunil Krishnan, head of multi-asset funds at Aviva Investors said investors were taking some relief from the responses of policymakers.

“What they (investors) were not seeing last year was that activity was slowing but there was no reaction from central banks. They are seeing that now – we saw that from the ECB and the Fed has said it’s not on a pre-set path.”

That along with a rebound from poor liqui上海夜网dity in December explains why the risk tone in markets has been a bit better, he said.

In a note to clients, UBS Global Wealth Management’s chief investment officer Mark Haefele said that rhetoric on U.S.-China trade has become more positive, and that Beijing has taken steps to stimulate its economy.

“While economic and earnings growth is slowing, we believe it is unlikely that growth will drop far below trend,” he said.

“At the same time, there are reasons to be cautious about policymakers’ ability to follow through on their rhetoric.”

Chinese Vice Premier Liu He will visit the United States on Jan. 30 and 31 for the next round of trade negotiations with Washington.

The two sides are “miles and miles” from resolving trade ,上海021夜网Octava,issues but there is a fair chance they will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.

In currencies, the dollar fell 0.3 percent against a basket of peers to 96.422. .DXY

The euro EUR= was up 0.4 percent at $1.13490, bouncing back from a six-week low hit in the wake of ECB President Mario Draghi’s downbeat comments on Thursday.

The ECB’s post-meeting statement for the first time since April 2017 alluded to downside risks to growth.

The British pound was up 0.3 percent at $1.3076 GBP=D3 after brushing a two-month high of $1.3140, lifted after The Sun newspaper reported on Thursday that Northern Ireland’s Democratic Unionist Party has privately decided to back May’s Brexit deal next week if it includes a clear time limit to the Irish backstop. [GBP/]

The benchmark 10-year U.S. Treasury note yield US10YT=RR was sli,上海夜生活Sabia,ghtly higher at 2.729 percent after dropping to a one-week low as pessimism over global growth supported safe-haven government debt. [US/]

Fresh data on surging U.S. fuel stocks and worries about U.S.-China trade talks weighed on oil prices, after they rallied on the threat of U.S. sanctions against Venezuela. [O/R]

U.S. crude oil futures CLc1 were down 0.3 percent at $60.90 per barrel after gaining 1 percent on Thursday.

Graphic: World FX rates in 2019 – tmsnrt.rs/2egbfVh

Written by shyw on February 21, 2019 Categories: wjxqxjow Tags: , , ,

‘AI’ to hit hardest in U.S. heartland and among less-skilled: study

WASHINGTON ( ) – The Midwestern states hit hardest by job automation in recent decades, places that were pivotal to U.S. President Donald Trump’s election, will be under the most pressure again as advances in artificial intelligence reshape the workplace, according to a new study by Brookings Institution researchers.

The spread of computer-driven technology into middle-wage jobs like trucking, construction, and office work, and some lower-skilled occupations like food preparation and service, will also further divide the fast-growing cities where skilled workers are moving and other areas, and separate the high- skilled workers whose jobs are less prone to automation from everyone else regardless of location, the study found.

But the pain may be most intense in a familiar group of manufacturing-heavy states like Wisconsin, Ohio and Iowa, whose support swung the U.S. electoral college for Trump, a Republican, and which have among the largest share of jobs, around 27 percent, at “high risk” of further automation in coming years.

At the other end, solidly Democratic coastal states like New York and Maryland had only about a fifth of jobs in the high-risk category.

The findings suggest the economic tensions that framed Trump’s election may well persist, and may even be immune to his efforts to shift global trade policy in favor of U.S. manufacturers.

“The first era of digital automation was one of traumatic change…with employment and wage gains coming only at the high and low ends,” authors including Brookings Metro Policy Program director Mark Muro wrote of the spread of computer technology and robotics that began in the 1980s. “That our forward-looking analysis projects more of the same…will not, therefore, be comforting.”

The study used prior research from the McKinsey Global Institute that looked at ,上海夜网官方网站Falkner,tasks performed in 800 occupations, and the proportion that could be automated b上海夜生活y 2030 using current technology.

While some already-automated industries like manufacturing will continue needing less labor for a given level of output – the “automation potential” of production jobs remains nearly 80 percent – the spread of advanced techniques means more jobs will come under pressure as autonomous vehicles supplant drivers, and smart technology changes how waiters, carpenters and others do their jobs.

That would raise productivity – a net plus for the economy overall that could keep goods cheaper, raise demand, and thus help create more jobs even if the nature of those jobs changes.

But it may pose a challenge for lower-skilled workers in particular as automation spreads in food service and,上海夜生活桑拿会所Dakota, construction, industries that have been a fallback for many.

“This implies a shift in the composition of the l,上海夜生活去哪玩Caitlin,ow-wage workforce” toward jobs like personal care, with an automation potential of 34 percent, or building maintenance, with an automation potential of just 20 percent, the authors wrote.

Trump draws rebukes after touting aviation safety record

WASHINGTON ( ) – U.S. President Donald Trump took credit on Tuesday for a record year of safety for commercial aviation in 2017, swiftly drawing criticism and derision from commentators who said the achievement reflected trends predating his administration.

“Since taking office I have been very strict on Commercial Aviation. Good news – it was just reported that there were Zero deaths in 2017, the best and safest year on record!” Trump tweeted on Tuesday.

Two safety groups reported on Monday that worldwide there were no fatal passenger jet crashes in 2017, the safest year on record.

Current and former aviation safety officials said Trump was not responsible for last year’s unblemished commercial passenger jet safety record, citing years-long improvements in safety and the fact that no U.S. passenger airliner has had a fatal crash since 2009.

Aviation Safety Network President Harro Ranter, whose group tracks aviation incidents, said in an email: “It’s impossible to link the worldwide level of safety directly to recent U.S. policy changes.

“U.S. efforts have been instrumental to get to where we are today, but it takes years for policy changes to reach effect, and only in conjunction with other efforts by the aviation industry,” Ranter said.

Trump has been frequently criticized for taking credit for developments tha,上海夜网后花园Nadia,t could not be directly attributed to his administration.

White House spokeswoman Sarah Sanders did not answer directly when asked at a briefing if Trump’s White House predecessor, Barack Obama, also deserved credit for the long stretch without a U.S. commercial passenger jet crash.

Trump, who took office in January 2017, discussed aviation on only a couple of occasions last year. In remarks to airli,上海夜生活网交流Ida,ne executives in February, he did not raise safety but criticized the “regulatory morass” affecting the industry.

Sanders said Trump “has raised the bar for our nation’s aviation safety and security,” citing his proposal to privatize air traffic control, which has not been approved, and the Homeland Security Department’s enhanced security measures.

In March, the United States imposed restrictions on passengers carrying laptops in cabins on nine primarily Middle Eastern airlines to address the potential threat of hidden explosives. It lifted the restrictions in July after announcing new security requirements.

In a tongue-in-cheek thank you to Trump, actor Bryan Cranston, who starred in TV’s “Breaking Bad,’ tweeted: “Your active particip,夜上海论坛Tabitha,ation monitoring the flight patterns and safety regulations was greatly appreciated. In 2018 could you please turn上海夜生活网 your efforts toward preventing wildfires and hurricanes?”

Subject to contract: German firms set own Brexit terms

CHEMNITZ, Germany ( ) – With Brexit less than two months away, and no divorce deal in sight, some German companies are taking matters into their own hands to limit any damage to their businesses.

The small and mid-sized firms – albeit a small minority – say they can’t wait any longer to see what agreement, if any, will emerge between London and Brussels. They are taking steps to protect themselves should a chaotic British withdrawal lead to traffic tailbacks, heavier customs bureaucracy and rising delivery costs after March 29, the planned break-up date.

Kieselstein International, a maker of metalworking machines, has for example successfully introduced a clause into a contract to deliver goods to British Steel that puts the onus on the UK firm to bear the costs of any extra red tape linked to Brexit.

“We included a clause that says if delivery takes place after March 29 the goods cannot be delivered to the buyer’s warehouse but are to be picked up in Chemnitz,” managing director Jens Kieselstein told , referring to the town in Saxony where his business is based.

Others are taking measures such as finding new suppliers in continental Europe, should imports from Britain become more costly, stockpiling parts, or rushing to complete British orders before March 29 to avoid any disruption.

Such precautions are exceptions rather than the rule; among small and mid-sized companies – Germany’s so-called Mittelstand – 77 percent believe Brexit will not affect them, according to a survey by the BVMW trade association conducted in December.

“We still have no binding information and have therefore decided to accept new orders and process them normally in the hope that the situation will soon be resolved,” said Jakob Kania, managing director of Support Q, a consultancy firm for suppliers to the automotive industry.

Mittelstand businesses, some of which are big suppliers to Britain’s machinery and automotive sectors, are typically family-owned with up to 500 workers and annual revenues below 50 million euros. Many lack the resources for the detailed contingency planning carried out by corporate heavyweights.

Their fortunes are nonetheless crucial to Europe’s biggest economy, accounting for more than half of Germany’s jobs, a third of its corporate turnover, and almost a fifth of the nation’s exports – 7 percent of which went to Britain in 2017, worth about 84 billion euros ($96 billion).

Mario Ohoven, president of the BVMW Mittelstand trade body, urged companies to check their contracts for Brexit risks, get to grips with customs procedures and visa formalities, and to consider switching to British haulage firms.


British politicians continue to quarrel over the terms of Britain’s exit from the EU, with parliament in deadlock. It is possible that Britain will leave without any deal to govern its trading relationship with the bloc – a scenario many businesses fear will bring chaos to the world’s fifth-biggest economy.

With no visibility about future customs arrangements, Kieselstein, whose firm employs 50 people and has an annual turnover of 8 million euros, told British Steel he may have to add German sales tax of 19 percent onto the bill after March 29.

Kieselstein isn’t the only Mittelstand firm taking precautionary measures.

Zabag Security Engineering, a maker of high-tech security gates and bollards, said it is looking for a new supplier in the EU for the grid mats it currently imports from Britain to avoid any disruptions to its supply chain.

The company, which makes about 10-15 percent of its sales in Britain, predicts difficulties,上海晚上耍女人的地方Idaleen, in sending spare parts to Britain if extra customs red tape is introduced, and said this would have a big impact on trade and flexibility.

“The English market has always been a big part of our export business,” said a Zabag spokeswoman. “But the uncertainty of the English over Brexit has increasingly minimized the number of orders placed with us and almost come to a standstill.”

Joerg Daubner, managing director of DHD audio in Leipzig, which builds mixing consoles for radio and TV stations worldwide, said he was preparing to deliver a large order to Britain’s BBC before March 29.

“The transition period will be critical so we want to avoid delivering during this time,” he told .

Even for f,上海夜生活乌托邦Tallulah,irms taking precautionary measures, the ongoing uncertainty limits how much they can act.

Max Frank, a Bavarian producer of products to reinforce concrete buildings, has started stockpiling parts at its British subsidiary in Stoke-on-Trent to limit any delays from customs disruption.

“Our plan is to increase the stock of standard goods by roughly 10-20 percent from mid-February,” said Gerhard Bumes, who runs the subsidiary that employs 65 people.

“However, we produce a lot of goods made-to-order which we can’t stock. We hope not to have any delays in our imports, but unfortunately there is no defined political plan at the moment.”


Germany’s VDMA engineering association warned on Wednesday that a no-deal Brexit was getting closer by the day, after the British parliament instructed Prime Minister Theresa May to renegotiate an exit treaty.

“Unfortunately even after the vote in the British lower house, there is no new hope of avoiding a disorderly Brexit,” said VDMA head Thilo Brodtmann.

Patrice Kaiser, a trade expert at Merkur Bank, said many companies had overlooked that border checks, blocked ports and major tailbacks would not just be a problem for those who import and export directly to Britain.

“If you import parts from Asia or China you should take a look at your supply routes because most of the imports up to now have been processed in B上海夜生活ritain,” Kaiser warned executives at a Brexit seminar organized by the BVMW in Chemnitz last week.

The eastern state of Saxony is home to many Mittelstand companies, and Kaiser said the region’s dependence on the auto sector made firms particularly vulnerable to Brexit. Britain is the single largest export market for German automakers.

BVMW Chief Economist Hans-Juergen Voelz,上海夜网邀请码Jackson, said many Mittelstand companies were simply hoping for the best.

“Many are not letting themselves be influenced by the images they see on TV of the British parliament and believe reason will prevail at the last moment.”

($1 = 0.8744 euros)

Democrat donor to pump $30 million into winning House

WASHINGTON ( ) – Democrat Tom Steyer, who has spent millions on national ads calling for the impeachment of President Donald Trump, will spend $30 million this year trying to get members of his party elected to the U.S. House of Representatives to win control of the chamber from Republicans, he announced on Monday.

Steyer, who also said he will not personally run for office, added that he will a,上海夜网官方网站Idaia,lso continue his national campaign calling for impeachment.

“My fight is in removing Donald Trump from office and removing Donald Trump from power,” Steyer said.

The House impeaches, or brings formal charges against an ,上海夜生活桑拿会所Gabrielle,official, in what would be the first step in removing Trump from office. The U.S. Senate tries the case.

Steyer said his organiz上海夜生活论坛ation is working to have constituents deliver to members of Congress copies of the controversial book “Fire and Fury: Inside the Trump White House” by Michael Wolff, which challenges Trump’s fitnes,上海夜生活Octava,s for office.

Steyer will not, however, require House candidates whom he supports to pass a “litmus test” supporting impeaching Trump, he said.

The $30 million will be used to mobilize young voters in 10 key states: Florida, Virginia, Wisconsin, Michigan, Nevada, California, Pennsylvania, Iowa, New Hampshire and Arizona, Steyer said.

Americans will head to the polls in November when 34 seats in the Senate and all 435 House seats will be up for grabs. Democrats are hoping to ride wins last year in Alabama and Virginia to victory in those elections, potentially taking control of Congress.

“The task which I feel called to do is organizing and mobilizing America’s voters – they have got to be the most powerful forces in American politics,” Steyer said at a Washington, D.C. press conference.

Steyer said he knows that some Democrats think talking about impeachment is a distraction but that he feels it remains important to focus on ousting Trump.

“We know this makes some of our friends and allies in this city uncomfortable,” Steyer said. “We believe this is a false choice – the fact is the two are fundamentally intertwined.”

U.S. top court turns away challenge to Mississippi LGBT law

WASHINGTON ( ) – The U.S. Supreme Court on Monday ended the first legal challenge to a Republican-backed Mississippi law that permits businesses and government employees to refuse to serve lesbian, gay, bisexual and transgender people because of their religious beliefs.

The justices left in place a June ruling by the New Orleans-based 5th U.S. Circuit Court of Appeals that the plaintiffs – same-sex couples, civil rights advocates including the head of the state NAACP chapter, a church and others – did not have legal standing to bring the lawsuit.

The law, passed by the Republican-controlled state legislature and signed by Republican Governor Phillip Bryant with the backing ,上海夜生活Idaline,of conservative Christian activists, has not yet been implemented and more legal challenges are expected, according to gay rights lawyers.

“We will keep fighting in Mississippi until we overturn this harmful law, and in any state where antigay legislators pass laws to roll back LGBT civil rights,” said Beth Littrell, a lawyer with gay rights group Lambda Legal.

People who are refused service once the law is in place may be more likely to be judged to have legal standing to sue.

The 2016 law was passed in the aftermath of the U.S. Supreme Court’s landmark 2015 ruling legalizing same-sex marriage nationwide.

Supporters call it a religious liberty law that protects the sincerely held religious beliefs and moral convictions of individuals and businesses. Opponents said it authorizes discrimination against LGBT people in violation of the U.S. Constitution’s guarantees of equal protection under the law and the separation of church and state.

Conservative Christian legal group Alliance Defending Freedom is helping the state defend the law.

“Good laws like Mississippi’s protect freedom and harm no one,” said Kevin Theriot, one of the group’s lawyers.

Mississippi’s law was one of a series of measures proposed in socially conservative, Republican-dominated states that gay rights advocates viewed as an attempt to undermine the high court’s gay marriage ruling.

The law, called the Protecting Fr上海夜生活网eedom of Conscience from Government Discrimination Act, protects the beliefs that marriage is the union of one m,上海晚上耍女人的地方Lake,an and one woman, sex outside such a marriage is improper and gender is determined by anatomy and genetics at birth and cannot change.

Among other things, the measure lets businesses refuse to provide marriage-related services to same-sex couples and allows judges, magistrates and justices of the peace to refuse to perform same-sex weddings.

The measure was blocked in 2016 by a Mississippi-based federal judge who said it unconstitutionally allowed “arbitrary discrimination” against LGBT people and unmarried people. The 5th Circuit overturned that ruling.

On a related issue, the Supreme Court is due to rule by the end of June whether a Colorado baker was wit,上海夜哪里艳遇Jack,hin his constitutional rights to refuse to make a wedding cake for a gay couple on the basis of his conservative Christian beliefs.

Written by shyw on February 16, 2019 Categories: wkrpepdc Tags: , ,

Honda plans to front-load UK production ahead of Brexit

TOKYO ( ) – Braced for a possible logistical nightmare when Britain leaves the European Union in March, Honda Motor Co Ltd said on Friday it was preparing to front-load some production at its plant in the country to ship overseas or build up inventories.

The Japanese automaker, which produces the Civic hatchback model at its factory in Swin,上海会所夜网Dakota,don, southwest England, may face possible supply chain, production and distribution issues if Britain’s borders are disrupted from March 29, when the country is due to leave the EU.

“To avoid any possible disruptions at the end of March … we’re making a number of preparations including front-loading some production to ship or step up inventories,” Honda Chief Operating Officer Seiji Kuraishi told reporters in Tokyo.

Carmakers in Britain have warned that their factories, which rely on the constant delivery of parts to enter production cycles, would be severely impaired if ,上海夜生活群Kaia,Britain leaves without a trade deal, forcing t,夜上海419龙凤论坛Mabel,he need for customs checks at borders.

Earlier this month, Honda said it would stop its British operations for six days in April to help counter any disruptions resulting from a potentially chaotic Brexit.


Announcing its third-quarter results on Friday, Japan’s third-biggest automaker said increased discounting on its popular CR-V SUV crossover pushed operating profit down 40 percent in October-December, while quality-related costs and currency volatility also stung its bottom line.

Honda posted profit of 170.1 billi上海夜生活网on yen ($1.56 billion) for the quarter, tumbling from 284.5 billion yen a year ago and undermining a median estimate for 208.8 billion yen from 10 analysts polled by Refinitiv.

(Click here for an interactive chart on Honda’s operating profit tmsnrt.rs/2HJvcTt)

Kuraishi said the company had increased discounts on 2018 model CR-Vs sold in North America, where inventories had built up towards the end of the year, to make room for the current year model.

Such discounting helped boost sales in North America to 498,000 units during the period, up from 491,000 a year earlier. While it managed to buck the trend of slowing demand in the United States, higher incentives slashed profitability in the region.

(Click here for an interactive chart on Japanese automakers’ monthly vehicle sales in the U.S. and China tmsnrt.rs/2RjnBuA)

Honda’s global automobile sales came in at 1.41 million vehicles in October-December, versus 1.34 million a year earlier, boosted by rising sales at home and in Asia.

In China, another key market where sales have also cooled after years of growth, Honda sold around 1.43 million vehicles in 2018, down slightly on the previous year. While sales in the past few months have held up against an overall market slowdown, Honda was stung earlier in the year by a quality issue with its Civic sedan, the CR-V SUV crossover and other popular models.

Kuraishi said that he hoped to keep increasing sales in China this year, even as automakers in the world’s largest auto market brace for a tough 2019. Demand in China has cooled following years of strong growth as the country’s growing middle class snapped up new cars.

($1 = 108.8500 yen)

U.S. weekly jobless claims jump to near one-and-a-half year high

WASHINGTON ( ) – The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, but economists dismissed the jump as a fluke and said temporary factors, including a partial government shutdown, were to blame.

A strike by teachers in California, cold weather and difficulties adjusting the data around moving holidays like Martin Luther King Jr. Day also likely were factors in the spurt in claims reported by the Labor Department on Thursday.

“We are s上海夜生活keptical the rise could reflect a true weakening in the labor market given that there are few other signs of weaker labor markets in January,” said John Ryding, chief economist at RDQ Economic in New York. “Nonetheless, if we maintain this higher level of jobless claims in the coming weeks, that would indicate a pickup in layoff activity.”

Initial claims for state unemployment benefits jumped 53,000 to a seasonally adjusted 253,000 for the week ended Jan. 26, the highest level since September 2017, the Labor Department said. The rise was also the largest since September 2017.

Claims dropped to 200,000 in the prior week, which was the lowest,上海夜网推油Idaline, level since October 1969. Economists polled by had forecast claims rising to only 215,000 in the latest week.

The claims data covered the Martin Luther King Jr. holiday, which occurred later this year than in the past. Economists believe non-federal government workers who were temporarily unemployed during the longest government shutdown in the country’s history likely helped to boost claims last week.

The surge in claims came amid a recent deterioration in business and consumer confidence, which was partly blamed on a five-week government shutdown that has since ended.

The Federal Reserve on Wednesday kept interest rates steady but said it would be patient in lifting borrowing costs further this year in a nod to growing uncertainty over the economy’s outlook. The U.S. central bank removed language from its December policy statement that risks to the outlook were “roughly balanced.”

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 5,000 to 220,250 last week.

The claims data has no bearing on January’s employment report, which is scheduled for release on Friday, as it falls outside the survey period. According to a survey of economists, non-farm payrolls likely increased by 165,000 jobs in January after jumping by 312,000 in December.

The 35-day government shutdown is not expected to have an impact on January’s job growth, as workers who were furloughed will be paid retroactively together with colleagues who worked without pay. However, those workers who stayed at home during the shutdown are expected to temporarily push up the unemployment rate in January.

The dollar fell against most major currencies, dropping to a two-week low versus the yen, pressured by the Fed’s cautious economic outlook. U.S. Treasury yields fell, while stocks on Wall Street were trading mostly higher.


Underscoring the labor market’s strength, another report on Thursday from the Labor Department showed its Employment Cost Index, the broadest measure of labor costs, increased 0.7 percent in the fourth quarter after rising 0.8 percent in the July-September period.

The fourth quarter rise lifted the year-on-year rate of increase in labor costs to 2.9 percent, the biggest gain since June 2008, from 2.8 percent in the 12 months through September.

Wages and salaries, which account for 70 percent of employment costs, rose 0.6 percent in the fourth quarter after advancing 0.9 percent in the prior period. They were up 3.1 percent in the 12 months through December.

That was the biggest increase since June 2008 and followed a 2.9 percent gain in the year through September.

“It supports our view that the tightness in the labor market is generating upward pressure on compensation,” said Daniel Silver, an economist at JPMorgan in New York.

While the labor market is on solid footing, manufacturing appears to be slowing. A third report on Thursday showed the MNI Chicago business barometer dropped 7.1 points to a reading of 56.7 in January as new orders tumbled to a two-year low. The survey’s measure of production dropped to a 10-month low.

There was some good news on the housing market. The Commerce Department reported new home sales vaulted 16.9 percent in November to a seasonally adjusted annual rate of 657,000 units. The surge erased October’s 8.3 percent plunge in single-family home sa,上海夜生活群Gabe,les.

The November home sales report was delayed b,上海晚上耍女人的地方Babette,y the government shutdown, which affected the Commerce Department.

The housing market struggled in 2018, weighed down by acute shortages of homes for sales, which boosted prices, as well as higher mortgage rates. But there are glimmers of hope as house price inflation has slowed significantly and mortgage rates have eased after shooting up last year.

Supply, however, still remains tight.

“We expect a further rise in new home sales during 2019 as homebuyers look to new builds, with inventory conditions for existing homes still extremely tight,” said Ben Ayers, senior economist at Nationwide in Columbus, Ohio.

French regulator orders Google to review ads policies

PARIS/SAN FRANCISCO ( ) – France’s competition regulator on Thursday ordered Alphabet Inc’s Google to review its policies and procedures for blocking certain ads, saying that its actions against French firm Amadeus may have been anti-competitive.

Google said it was reviewing the regulator’s order, made in a preliminary injunction. The dominant search engine in France and most other countries, Google has faced growing regulatory scrutiny about the content it promotes in search results and ads.

The regulator issued the order as a preliminary injunction while it reviews whether Google engaged in anticompetitive behavior.

Amadeus, which runs a direc,上海夜生活桑拿会所Caden,tory service in France, had complained to regulators about suffering a sales decline last year after Google blocked it from running search ads.

Google said in a statement that “Amadeus is a paid phone directory service which charges consumers for services that are available elsewhere for free, or for a nominal charge.” Google’s policies prohibit ads for services that can be obtained for free or at a lower price from the government or another public source.

“Some of Amadeus’ ads violated our terms and conditions for advertisers, which are designed to protect users,” Google said.

The regulator said in a news release that Google must add clarifying details to its policies, provide more warning before blocking advertisers, review Amadeus’ ,上海新夜网龙凤Radley,specific situation and provide more training to its sales staff on the company’s ads policies.

The regulator said it “will ensure the proper implementation of these interim measures and will issue its decision on the merits of the case in the coming months.”

Its decision comes a few weeks after France’s data protection watch上海夜生活网dog fined Google 50 million euros ($57.5 million) for breaching European Union online privacy rules, the biggest such pena,上海仙霞路夜生活Dallas,lty levied against a U.S. tech giant.

U.S. regulators discuss fining Facebook for privacy violations: report

( ) – U.S. regulators have met to discuss imposing a fine against Facebook Inc (FB.O) for violating a legally binding agreement with the government to protect the privacy o上海夜网f personal data, the Washington Post reported on Friday, citing three people familiar with the discussions.

The Federal Trade Commission has been investigating Facebook since last year. It has not finalized its findings in the probe or the total amount of the penalty, according to the newspaper.

Facebook has talked with FTC staff about the investigation, one of the people familiar with the matter told the Post.

However, it is unclear if the company would settle with the FTC by accepting a significant financial penalty, which is expected to be much larger than the $22.5 million fine the agency imposed on Alphabet Inc’s (GOOGL.O) Google in 2012, the report said.

Facebook declined to comment.

Related CoverageFacebook sheds gains after report on potential major fine

The FTC, which is affected by the U.S. government shu,上海夜网千花Nadine,tdown, did not immediately respond to a request to comment. Generally secretive, it took the unusual step last March of announcing the opening of an investigation into Facebook’s privacy practices.

The announcement follow,上海夜网Jackson,ed news report,夜上海论坛Caden,s that revealed lax oversight by the social media company had enabled a quiz app on Facebook to gather details on 87 million users and share it with now-defunct British political consulting firm Cambridge Analytica.

Facebook has since acknowledged several other lapses in protecting user data, drawing additional scrutiny from regulators around the world.

As government shutdown drags on, shares of subprime lenders rally

( ) – Payday lenders’ stocks have emerged as big winners during the record-long U.S. government shutdown, though the updraft could prove short-lived.

Shares of pawn brokers, payday lenders and other subprime consumer finance com,上海夜网官方网站Octavien,panies have rallied and outperformed the broader market since Dec 22, when 800,000 federal workers were furloughed or left working without pay.

Pawn broker chains EZCorp and FirstCash have jumped over 18 percent since that date, with no resolution in sight over congressional Democrats refusal to approve Republican President Donald Trump’s demand for $5.7 billion in partial funding for a wall along the U.S.-Mexico border.

Companies that provide payday loans and other kinds of subprime consumer credit have also rallied. Enova International, Curo Group Holding and OneMain Holdings have each surged 23 percent.

Citigroup and other banks have helped with mortgage payments, overdraft fees and credit card costs to 上海夜生活网government workers, including employees from the Coast Guard, Transport Security Agency and other government workers struggling to make ends meet.

But with federal workers on Friday missing their second consecutive paychecks, some are likely turning to subprime consumer lenders. Virginia Attorney General Mark R. Herring this week warned people to be wary of the risks associated with high-interest payday and online loans.

On Thursday, U.S. Commerce Secretary Wilbur Ross on Thursday urged furloughed federal workers facing a second missed paycheck to seek loans to pay their bills.

Investors should be also be careful, warned Piper Jaffray analyst Kevin Barker, who said any potential increase in business for payday lenders and credit card companies is likely to disappear when the shutdown en,上海夜生活去哪玩Octavia,ds.

“These people are going to get their paychecks eventually. The market is not going to look at this as a long-term, sustainable uplift,” said Barker, who has an “overweight” rating on OneMain Holdings.

The shutdown has created uncertainty about consumer confidence, retail spending and the economy at large. Restaurants and other businesses in Washingt,上海仙霞路夜生活Mace,on that cater to federal employees have already taken a hit. But Wall Street has mostly shrugged off the shutdown, at least so far, even as it extends its lead as the longest in history.

Dollar Tree and Dollar General Corp, go-to retail stocks for investors expecting economic downturns and weak consumer spending, have both gained about 13 percent since the shutdown began, better than the gain of more than 9 percent in the S&P 500, but in line with other U.S. retailers.

“I don’t think the market has priced in that this government shutdown is going to last much longer to where it is really going to impact GDP,” said Eric Marshall, a portfolio manager at Hodges Capital Management in Dallas. “Because it has never happened this long, nobody knows exactly how to discount it.”

Meta Financial Group is set to report quarterly results on Monday. EzCorp is expected on Tuesday, according to Refinitiv, followed by FirstCash on Wednesday and World Acceptance on Thursday.

Japan’s ANA orders passenger jets worth $4.3 billion in Asia push

SEATTLE/TOKYO ( ) – Japan’s ANA Holdings Inc said on Tuesday it would order at least 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines’ parent PAL Holdings Inc to support its Asia growth strategy.

The order, confirming earlier reports, is the first in Japan for the newest version of Boeing’s best-selling 737 family and comes at a time when the country is facing pressure from Washington to cut its trade surplus with the United States.

It also raises the stakes in a battle for orders of the industry’s largest category of airliner, allowing Boeing to weaken a bridgehead held by its European rival Airbus in the narrowbody fleet of one of its most strategic customers.

ANA had been the first airline from Japan to pick Airbus’ latest narrowbody ai,上海凤楼夜网Kai,rcraft five years ago.

“The decision was based on the economic growth of Asia and emerging countries, with demand in the Asian aviation market and inbound,上海晚上耍女人的地方Gabriella, demand on the rise,” ANA said of the latest orders.

The airline, which saw its international revenue spike 11 percent in the December quarter compared with a 0.5 percent rise at home, ,上海夜网官方网站Paige,also announced an investment of $95 million for a 9.5 percent stake in PAL in line with its Asia push, saying it was confident in the Philippines’ growth prospects.

ANA’s purchase of 20 737 MAX jets is worth $2.3 billion, while its order for 18 A320neos is worth $2 billion at list prices. Airlines typically get large discounts.

ANA said it had options for another 10 737 MAX, bringing the potential U.S. part of the deal to 30 aircraft.

Boeing shares rose 0.5 percent with Airbus up 0.7 percent.

The world’s top planemakers have amassed thousands of orders for their narrowbody jets, with Boeing chipping away at its European rival’s recent lead. Earlier this month it poached Saudi budget carrier airline Flyadeal from Airbus, while Airbus won the last round of a prolonged battle over Vietnam’s VietJet.

ANA’s mixed narrowbody fleet had previously been expected to shift to all-Airbus as older 737s were retired. Budget offshoot Peach, which will take the A320neos, has an all-Airbus fleet.

Boeing dominates the count among ANA aircraft with more than 100 seats at 81 percent as of March 2018.

ANA’s rival Japan Airlines Co Ltd also operates a mostly Boeing fleet, giving the U.S. planemaker its most dominant position in any major aviation market.


The case for Japan’s carriers to buy Boeing has been aided by the fact that its aerospace firms build major portions of Boeing’s aircraft, though this is not the case for the 737.

But Japan has also resorted to major plane orders in the past to demonstrate a commitment to buying U.S. goods in the ebb and flow of trade frictions, and the latest deal for Boeing’s 737 MAX coincides with similar tensions now.

Washington and Tokyo are discussing a potential trade pact, with Japan under pressure from U.S. President Donald Trump’s administration to cut its trade surplus with the United States.

ANA, however, said it not been asked by the Japanese government to buy the Boeing jets.

It “has nothing to do with trade fricti上海夜生活网on,” said Hideki Mineguchi, ANA vice president.

Any interference would violate trade practices, U.S.-based analyst Richard Aboulafia said, but added that “these are strange times, so who knows what goes on behind the scenes?” Narrowbody deals tend to be less politicized than larger planes, he said.

Indian air safety watchdog orders extra checks on planes with Pratt…

NEW DELHI ( ) – ,上海夜生活群Rachel,India’s air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines as part of new safety protocols after temporary grounding orders 上海夜生活论坛affected the planes last year.

IndiGo, India’s biggest carrier by market share, and its low-cost rival GoAir, which fly the A320neos in the country, were forced to ground the aircraft on several occasions due to issues related to the engines.

The Directorate General of Civil Aviation (DGCA) has ordered that airlines must inspect some parts of the 1100 series engines weekly and train the cabin and cockpit crew to deal with and report any kind of odor, burning smell or smoke.

“Log all the cases detecting odors/smoke in cabin during operation for necessary investigation and rectification,” the DGCA said in its notification, adding that in all such cases the engine would need to be inspected in detail and used only after the defect is resolved.

IndiGo, owned by InterGlobe Aviation (INGL.NS), and GoAir did not immediately respond to a request for comment outside of office hours. Airbus and Pratt & Whitney were not immediately reachable. The new rules, which are effective immediately, were issued days after a meeting between the civil aviation ministry, the regulator, the two airlines, aircraft manufacturer Airbus (AIR.PA) and engine maker Pratt & Whitney, owned by Uni,上海夜网千花Fabi,ted Technologies (UTX.N) to discuss the is,上海夜生活网419Pamela,sues with the engines.

“During (the) meeting, it was decided to issue directive in addition to the existing measures related to combustion chambers and No. 3 bearing issues for identifying and correcting impending failures of dry face seal,” the DGCA said.

The notification also said there would be restrictions imposed on the operation of A320neo flights to Port Blair – the capital of India’s Andaman and Nicobar islands.

It was not immediately clear whether the regulator planned to restrict all A320neo flights to the islands or only place restrictions on a specific series of the engines that have been found to have issues.

Factbox – The four men charged in U.S. probe of Trump-Russia ties

(The Dec. 1 story was refiled to correct Gates’ first name to,夜上海419龙凤论坛Rachel, Richard in paragraph 3)

( ) – Michael Flynn’s plea of guilty on Friday to lying to the Federal Bureau of Investigation made him the fourth person known to be charged in a U.S. Justice Department investigati,上海高端夜生活在那里Jackson,on of ties between President Donald Trump’s 2016 election campaign and Russia.

The other three kn上海夜网own to be charged by Special Counsel Robert Mueller’s probe are:

** Former Trump Campaign Manager Paul Manafort and Richard Gates. A grand jury in October indicted Manafort, a longtime Republican political consultant, and Gates, a business associate.

The two men pleaded not guilty on Oct. 30 to the 12-count indictment, whose charges include conspiracy to launder money, conspiracy against the United States and failing to register as foreign agents of Ukraine’s former pro-Russian government.

Manafort ,上海夜生活网419Tabitha,has agreed to an $11.65 million bail deal that would result in his release from house arrest and electronic monitoring.

** Former Trump campaign adviser George Papadopoulos. Papadopoulos, a Chicago-based international energy lawyer, pleaded guilty on Oct. 30 to lying to FBI agents about contacts with people who claimed to have ties to top Russian officials. It was the first criminal charge alleging links between the Trump campaign and Russia. White House spokeswoman Sarah Sanders played down Papadopoulos’ campaign role, saying it was “extremely limited” and “any actions that he took would have been on his own.”

U.S. investigating Huawei for alleged trade secret theft: WSJ

WASHINGTON ( ) – Federal prosecutors are investigating Huawei Technologies[HWT.UL], the world’s largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses and could soon issue an indictment, the Wall Street Journal reported on Wednesday.

Citing people familiar with the matter, the Journal said that one area of investigation is the technology behind a device that T-Mobile U.S. Inc (TMUS.O) used for testing smartphones. could not immediately confirm the report.

The action is the latest in a long list taken to fight what some in the Trump administratio上海夜生活论坛n call China’s cheating through intellectual property theft, illegal corporate subsidies and rules hampering U.S. corporations that want to sell their goods in China.

The investigation arose out of civil lawsuits against Huawei, the Journal said, including one in Seattle where Huawei was found liable for misappropriating robotic technology from T-Mobile (TMUS.O).

A Huawei spokesman and a spokeswom,上海夜生活群Easton,an for the U.S. attorney in the western district of Washington declined comment.

T-Mobile alleged in a 2014 lawsuit, filed in federal court in Seattle, that Huawei employees stole technology relating to a smartphone-testing robot T-Mobile had in a lab in Bellevue, Washington.

The robot, Tappy, used human-like fingers to simulate tapping on mobile phones.

According to T-Mobile’s lawsuit, Huawei employees photographed the robot and attempted to remove one of its parts.

In May 2017, a jury said,上海夜生活桑拿会所Paisley, Huaw,上海高端夜生活在那里Hallie,ei should pay T-Mobile $4.8 million in damages.