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Yearly Archives :

2022

Indonesia export ban will not include crude palm oil – sources

Indonesia export ban will not include crude palm oil – sources 150 150 admin

By Bernadette Christina

JAKARTA (Reuters) – Indonesian government officials told palm oil companies on Monday that an export ban announced late last week would cover shipments of refined, bleached, deodorized (RBD) palm olein but not crude palm oil, two industry sources told Reuters.

Officials at the trade ministry and coordinating ministry of economic affairs did not immediately respond to requests for comment.

Traders were caught by surprise by Friday’s announcement by President Joko Widodo that Indonesia, the world’s biggest palm oil producer, was halting exports of the edible oil from April 28, to ensure domestic food product availability.

Though an exemption of crude palm oil from the export curbs will be positive for global markets, the majority of Indonesia’s palm exports are in the form of processed oils and remain affected by the ban.

Global edible oil supplies were already choked by adverse weather and Russia’s invasion of major crop producer Ukraine, and now global consumers have no option but to pay top dollar for supplies at a time when global food inflation has soared to a record high.

Malaysian benchmark crude palm futures fell 2.09% after news that ban only cover RBD olein, having jumped nearly 7% to their highest in six weeks.

“The massive short covering fizzled out after hearing news that the ban only encompasses olein both bulk and packed from Indonesia,” said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari.

He said there were still concerns that crude palm oil would also be added to the list of banned products as it is raw material for RBD palm olein.

According to Refinitiv Eikon, Indonesia exported an average of roughly 620,000 tonnes per month of RBD in 2021, compared to an average of around 100,000 tonnes of crude palm oil. Top destinations included India and Pakistan and Spain.

The government’s move to control stubbornly high cooking oil prices caused a slump in shares of its biggest palm oil companies on Monday, while the rupiah headed currency falls in Asia. Dollar-denominated bonds issued by Indonesia’s government fell more than 1 cent to their lowest since the Spring 2020 COVID market rout.

According to data from Indonesia’s palm oil association (GAPKI) exports of processed CPO in 2021 stood at 25.7 million tonnes, or 75% of total exports of palm products. CPO exports were 2.74 million tonnes in 2021, or 7.98% of the shipments.

In January and February this year, processed CPO exports were 3.38 million tonnes or 79% of exports, while CPO exports were 90,000 tonnes, 2% of the total shipped.

Global prices of crude palm oil, which Indonesia uses for cooking oil, have surged to historic highs this year amid rising demand and weak output from top producers Indonesia and Malaysia, plus a move by Indonesia to restrict palm oil exports in January that was lifted in March.

(Reporting by Bernadette Christina Munthe; Additional reporting by Mei Mei Chu in Kuala Lumpur; Writing by Gayatri Suroyo and Martin Petty; Editing by Louise Heavens)

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Dutch open sexual misconduct probe at ‘The Voice of Holland’

Dutch open sexual misconduct probe at ‘The Voice of Holland’ 150 150 admin

THE HAGUE, Netherlands (AP) — The Dutch public prosecutor’s office has opened a criminal investigation into allegations of sexual misconduct at “The Voice of Holland” talent show, authorities said Monday.

The prosecutor’s office said it was acting on five complaints against four people at the television show, and now officially considered them suspects after the first allegations were aired in January.

The show was taken off the air when it became one of the most serious #MeToo reckonings yet to hit the Dutch entertainment world. It focuses on a show created in the Netherlands but broadcast in local versions around the globe.

The scandal erupted after a local broadcaster’s YouTube show called “BOOS” — the Dutch word for angry — contacted “The Voice of Holland” to say it had spoken to victims of “sexually transgressive behavior.” It aired a broadcast about their allegations soon after.

Dutch broadcaster RTL, which airs “The Voice of Holland,” reacted swiftly to the reports and suspended the show.

The prosecutor’s office said it expected the investigation to take quite a while and will only decide then whether to prosecute the suspects.

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Ryan's World: How a kid in Hawaii became a YouTube millionaire

Ryan's World: How a kid in Hawaii became a YouTube millionaire 150 150 admin

4 killed, including 3 children, in Philadelphia house fire

4 killed, including 3 children, in Philadelphia house fire 150 150 admin

Twenty-one people have died in fires in the city since January.
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‘Soft on crime’ attacks target Republicans who favor changes

‘Soft on crime’ attacks target Republicans who favor changes 150 150 admin

OKLAHOMA CITY (AP) — With violent crime increasing in many parts of the U.S., Republicans see a winning strategy in portraying Democrats as soft on crime ahead of this year’s elections. In ads, campaign appearances and interviews, the GOP has ripped liberal policies and blamed Democratic lawmakers from the White House to city councils for the violence.

But in Oklahoma, where Gov. Kevin Stitt is being targeted for mass commutations and a crime that involved cannibalism, the attacks are different: Stitt is a Republican.

In one ad, a woman’s voice says Stitt commuted the prison sentence of a man who later “brutally murdered his neighbor, then tried to feed her organs to his family.” The ad, paid for by a group called Conservative Voice of America, concludes, “Oklahomans deserve a governor who cracks down on violent criminals, not one who lets them go.”

Democrats have borne the brunt of the political blame for the increase in homicides and other violent crime in recent years. In some cases that’s meant backpedaling on major criminal justice overhauls or insisting they don’t want to defund police departments, as some activists have advocated.

But now the attacks on some fellow Republicans are intensifying a split within the GOP between hard-liners and those conservatives who have shifted to support alternatives to prisons, largely as a way to save money. Groups that advocate various types of criminal justice reform worry the attacks could jeopardize meaningful changes that have occurred, many in heavily Republican states, such as Oklahoma, which has one of the highest incarceration rates, and Texas.

“We had been seeing sort of growing bipartisan consensus on reforms,” said Kevin Ring, president of Families Against Mandatory Minimums. But that’s gotten tougher because of rising crime and politics.

“There’s still some of those old holdouts who just are ‘lock them up, throw away the key’ types,” Ring said. “They’ve always been there, and I think that they have used the increase in crime to argue for a return to that posture by the party.”

Brett Tolman, executive director of the conservative criminal justice advocacy group Right on Crime, said “the accusation of being weak on crime gets thrown around very quickly,” causing “a lot of hesitation” in Congress. The former U.S. attorney said he now has to work with people mostly behind the scenes.

Republicans who support the changes say they can reduce crime as well as costs to taxpayers. When Stitt approved the 2019 mass commutation of more than 450 inmates in a single day, he said the release would save Oklahoma an estimated $11.9 million over the cost of keeping them behind bars. The commutations primarily benefited those convicted of drug possession or low-level property crimes.

Former Texas Gov. Rick Perry, a Republican, says his state saved billions of dollars by investing in alternative sentencing and closing prisons. He’s now defending Stitt, who’s facing an avalanche of attack ads as he seeks a second term as Oklahoma governor.

“I see the Texas reforms have proven tough on crime but soft on the taxpayer, as any conservative policy should be,” Perry wrote in a newspaper column defending Stitt.

The attack ads targeting Stitt were paid for by dark money groups, which don’t have to make their donors public. They criticize Stitt for signing off on the parole of a man now accused of three killings, including those of a 4-year-old girl and a neighbor whose heart he cut out and tried to feed to relatives, according to authorities.

Donelle Harder, a spokesperson for Stitt’s reelection campaign, said it’s not clear who is funding the groups.

“The undisclosed, special interest groups are not conservatives, and they are not being honest about their intentions,” Harder said. “Gov. Stitt’s commitment to lead as a conservative political outsider is clearly upsetting a small few.”

Trebor Worthen, a GOP political consultant who is running one of the dark money groups, Sooner State Leadership PAC, said it is dedicated to public safety and has raised $10 million. Worthen declined to identify specific donors.

“We are funded by business and community leaders who care deeply about our future and wish to exercise their First Amendment rights to advocate for policy changes that Oklahoma needs and deserves,” Worthen said.

The issue also has surfaced in the GOP primary for governor in Nevada. Former Sen. Dean Heller has criticized Clark County Sheriff Joe Lombardo, saying he wants to defund the police. Lombardo told The Associated Press and other media outlets that he has no problem with his department losing funding if the money is used in another area that would benefit law enforcement.

“Who goes on NPR and says they want to defund the police?” Heller told a Nevada TV station during an interview, comparing Lombardo with progressive Democrats who often draw conservative ire, including Rep. Alexandria Ocasio-Cortez. “AOC, the Squad, and Sheriff Lombardo. They’re the ones that say that.”

In Illinois, Democrats who control state government hurriedly worked this spring to provide more funding to law enforcement after passing a major criminal justice overhaul last year that set strict standards for police behavior and eliminated cash bail beginning next year. Republicans have blasted the criminal justice legislation.

Among the most vocal critics is GOP candidate for governor Richard Irvin, a former prosecutor and defense attorney who is now mayor of Aurora, a Chicago suburb. Irvin, who faces several Republicans in the GOP primary, often touts his prosecutorial background as he blasts Democratic Gov. J.B. Pritzker.

The Democratic Governors Association and Irvin’s GOP rivals have questioned his tough-on-crime credentials, however. In an ad, the DGA criticized Irvin’s work as a defense attorney, and fellow Republicans have attacked Irvin, who is Black, for expressing support for Black Lives Matter.

A spokesperson for Irvin dismissed the attacks. Eleni Desmertzis said Pritzker is “running scared” and facing “a former criminal prosecutor, tough-on-crime-mayor and strong supporter of law enforcement who has proven he’s not afraid to stand up for all lives in Illinois.”

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Burnett reported from Chicago.

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Warren urges Biden to cancel student loan debt ahead of midterms

Warren urges Biden to cancel student loan debt ahead of midterms 150 150 admin

“Democrats win when Democrats are in touch with the American people and what’s happening to them,” she told “Face the Nation.”
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Activision Blizzard sales miss as ‘Call of Duty’ sees weak demand

Activision Blizzard sales miss as ‘Call of Duty’ sees weak demand 150 150 admin

(Reuters) -Videogame publisher Activision Blizzard Inc missed estimates for first-quarter adjusted sales on Monday, hurt by low demand for its latest title “Call of Duty: Vanguard”.

Activision’s performance has taken a hit from lower premium sales for “Call of Duty: Vanguard” and weaker engagement in “Call of Duty: Warzone”, with a return to pre-pandemic habits pressing gamers to spend less time on their consoles.

The company, which is being taken over by Microsoft Corp, has also been facing backlash over its response to allegations of internal sexual harassment and discrimination against female employees.

The Santa Monica, California-based company’s quarterly adjusted sales stood at $1.48 billion, compared with analysts’ estimates of $1.80 billion, according to Refinitiv IBES data.

Net income for the quarter ended March 31 fell to $395 million, or 50 cents per share, from $619 million, or 79 cents per share, a year earlier.

Excluding items, Activision earned 64 cents per share.

(Reporting by Tiyashi Datta and Richard Rohan Francis in Bengaluru; Editing by Devika Syamnath)

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Lebanon buries dead in migrant boat sinking that killed 7

Lebanon buries dead in migrant boat sinking that killed 7 150 150 admin

TRIPOLI, Lebanon (AP) — Funerals were held across northern Lebanon on Monday for seven people killed when a boat packed with migrants sunk over the weekend as the Lebanese navy tried to force it back to shore.

The small vessel was carrying nearly 60 people — many times its capacity — when the disaster struck on Saturday night. The tragedy was the latest in a growing trend involving mostly Lebanese and Syrians trying to travel to Europe from Lebanon in search of better lives.

The navy rescued 47 people and some are still missing.

Among those laid to rest on Monday were Sarah Ahmed Talib and her four year old daughter from the Bab al-Tabbaneh neighborhood of Tripoli, Lebanon’s second-largest city.

Women wailed from balconies in Tripoli as bodies were carried to the mosque and bursts of gunfire rang out in mourning. Dozens attended the funerals.

The migrant vessel had set off from the coastal town of Qalamoun on Saturday night, Lebanese officials have said, adding that no precautionary measures were taken and no one was wearing life vests when the boat meant to carry only six people capsized later that night.

Survivors blame the Lebanese navy for sinking the ship, saying a naval vessel rammed the vessel while trying to force it back to shore.

Angry residents attacked a main army checkpoint in Tripoli on Sunday, throwing stones at troops who responded by firing into the air. Some shops closed as angry men blocked several streets in Tripoli, Lebanon’s most impoverished city. There were no reports of injuries.

Since Lebanon’s economic meltdown began in October 2019, hundreds have left on boats hoping for a better life in Europe, paying smugglers thousands of dollars. Many have made it to European countries, while others have been stopped and forced to return home by the Lebanese navy.

Several have lost their lives on the way to Europe over the past three years.

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Giuliani revealed as contestant on "Masked Singer"

Giuliani revealed as contestant on "Masked Singer" 150 150 admin

CBS Weekend News, April 23, 2022

CBS Weekend News, April 23, 2022 150 150 admin

Ukrainians in Mariupol take cover in shelters as Russian attacks continue; Estate sale offers fans an intimate look into the private life of Alex Trebek
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