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2 more fatal falls at Grand Canyon follow dozens of others

Two recent deaths in which men plummeted in the Grand Canyon follow dozens of apparently accidental fatal falls since the national park was established 100 years ago.

Michael Obritsch, of Santa Rosa, California, died April 3 after falling from the edge of the South Rim in Grand Canyon Village, near the Yavapai Geology Museum.

His body was found 400 feet (more than 122 meters) below the rim, according to park officials.

A tourist from Macau, China, fell to his death on March 28. The man was at least 50 years old, park officials said.

The man was trying to take a photo at Grand Canyon West's Eagle Point — close to the Skywalk located on the Hualapai Reservation outside the park — when he stumbled and fell, The Arizona Republic reported earlier this week.

The body of a Japanese tourist was found March 26 in a wooded area south of Grand Canyon Village, away from the rim.

All three deaths still were under investigation by the Investigative Services branch of the National Parks Service and the Coconino County Medical Examiner, according to park spokeswoman Vanessa Ceja-Cervantes.

No amount of signage, railings or even verbal warnings will be enough to end the falls, said Michael P. Ghiglieri, author of "Over the Edge: Death in the Grand Canyon."

Sixty-four fatal falls have been recorded in the park's history, Ghiglieri said. Forty-nine of the victims were male and 15 female. Many deaths involve someone going around a guardrail to get closer to the edge or accidentally driving off the rim.

This number does not include any death that was ruled a suicide.

Park officials currently don't plan to add increased railing or signage in light of the string of deaths, Ceja-Cervantes said. Ample signage is already commonplace in highly traveled areas of the canyon.

Only one person fell to his death in the park in 2018. Andrey Privin of Illinois died in July after he climbed over the railing at Mather Point, a popular viewpoint at the South Rim. Some visitors said they saw Privin throw his backpack over the railing and onto an intended landing spot before jumping. He fell 500 feet (152 meters) to his death.

About 12 people die each year within the park, Ceja-Cervantes said. The deaths can be attributed to everything from accidental falls, to heat-related deaths and drownings during rafting trips on the Colorado River.

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Information from: The Arizona Republic, http://www.azcentral.com

Source: Fox News National

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Kamala Harris, Bernie Sanders, Elizabeth Warren among Democrats to speak at NAN convention Friday

A number of Democratic presidential candidates have already spoken at Al Sharpton’s four-day National Action Network Convention in New York that started Wednesday, but Friday will see appearances by a slew of the most prominent 2020 hopefuls.

Senators Kamala Harris, Sherrod Brown, Elizabeth Warren, Bernie Sanders, Kristin Gillibrand, Cory Booker and Amy Klobuchar, Colorado Gov. John Hickenlooper and California Rep. Eric Swalwell are all scheduled to speak at the event.

2020 DEM PLEDGES TO PARDON POT OFFENDERS ON 4/20: 'HIGH-FIVE THEM ON THE WAY OUT F JAIL'

Rep. Alexandria Ocasio-Cortez, D-N.Y., will also speak on Friday.

Some of the issues being discussed at the event include health care, education, prison reform and reparations.

On Wednesday, former Texas congressman and 2020 candidate Beto O’Rourke spoke about voter suppression and former Housing and Urban Development Secretary Julian Castro discussed his plan for decriminalizing illegal entry into the United States.

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The National Action Network promotes “a modern civil rights agenda that includes the fight for one standard of justice, decency and equal opportunities for all people regardless of race, religion, ethnicity, citizenship, criminal record, economic status, gender, gender expression, or sexuality,” according to its website.

Source: Fox News Politics

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JPMorgan rolls out low-fee, checkless, no-overdraft accounts

JP Morgan Chase & Co sign outside headquarters in New York
FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar

March 18, 2019

By David Henry

NEW YORK (Reuters) – Responding to calls for more bank services for low-income consumers, JPMorgan Chase & Co on Monday began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and no minimum balance.

The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.

Fees for overdrafts generated significant revenue for banks in the past. They have angered customers, brought down the wrath of politicians and discouraged people with low incomes from using banks.

Thasunda Duckett, chief executive of Chase Consumer Banking, said she hoped the new accounts will attract more low-income individuals and people who have never had bank accounts.

“The very first step in building financial health really starts with a bank account,” Duckett said.

The annual cost of $60 for the new accounts compares with charges of $200 to $500 a year at check cashing and money order services, she said.

Some 6.5 percent of U.S. households had no one with a bank account in 2017, according to a study by the Federal Deposit Insurance Corp.

Regulators have been pushing banks to do more to attract low-income customers. “Financial inclusion” has become a rallying cry for groups trying to help people out of poverty.

JPMorgan’s move comes after competitors Bank of America Corp and Citigroup Inc introduced similar accounts.

The new accounts mark an expansion of low-cost services because JPMorgan has 16,000 ATMs and 5,000 U.S. branches, second only to Wells Fargo & Co.

Since 2012, JPMorgan has offered a prepaid debit card with many banking services for $4.95 a month. But customers said that card, called Liquid, came up short. It could not be used for Uber taxi rides and car rentals, for example.

The new account, called Secure, offers those features.

Financial technology startups, such as Chime and SoFi, offer accounts with large networks of ATMs and without monthly fees. Chase’s fee, Duckett said, provides ATMs that accept checks and bankers to question in person.

The accounts will make “some money,” she said, but be less profitable than the bank’s other businesses.

Before the financial crisis, banks widely offered free checking, making money on overdrafts and merchant fees on debit cards. Post-crisis reforms slashed those fees and free accounts were cut back.

Now that banks have built digital tools for better-off customers, the services can be extended to people with lower incomes.

(Reporting by David Henry in New York Additional reporting by Anna Irrera; Editing by Tom Brown)

Source: OANN

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Powerful Emirati crown prince entangled by Mueller report

One of the most-powerful leaders in the United Arab Emirates has found himself entangled in special counsel Robert Mueller's report on U.S. President Donald Trump and Russian interference in America's 2016 election.

Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan, believed to be the Emirates' day-to-day ruler, is the only world leader included in Mueller's cast-of-characters index near the end of the 448-page report.

His inclusion, stemming from his mysterious role in a 2017 meeting between a Trump associate and a Russian middleman for Vladimir Putin in the Seychelles, stands out against otherwise-glancing references to the wider Mideast.

But left unsaid — or possibly redacted — is what motivated the UAE to insert itself as a middleman in contacts between Trump's campaign and Russia.

Source: Fox News World

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Kingmaker once more, Algeria’s army confronts demand for real change

FILE PHOTO: Military veterans protest to demand the resignation of President Abdelaziz Bouteflika and changes to the political system, in Algiers
FILE PHOTO: Military veterans protest to demand the resignation of President Abdelaziz Bouteflika and changes to the political system, in Algiers, Algeria March 28, 2019. REUTERS/Ramzi Boudina/File Photo

March 29, 2019

By Lamine Chikhi

ALGIERS (Reuters) – The army has thrust itself into the kingmaker role in Algeria’s crisis, but as it works backstage to remove an ailing president and broker calls from the street for democracy, it will be careful to shore up its own immense political clout.

For the past six weeks, Algerians have marched to unseat not only President Abdelaziz Bouteflika but also the whole ruling elite — veterans of an independence war against France, plus their allies in the army, business, legislature and unions.

Some Algerians wonder whether the military, whose expertise lies in producing political continuity rather than change, is the institution to manage the radical political and economic overhaul many Algerians are calling for.

But whatever new system ally eventually emerges from the upheaval, the army is signaling it wants to retain the decisive role in national affairs it has had since independence in 1962.

Its influence grows more evident by the day.

With Bouteflika resisting immense popular pressure to step down immediately, the army chief stepped in to break the impasse on March 22 by calling on the constitutional council to declare the veteran head of state — 82 and ailing — unfit to rule.

The move, placing a large question mark over Bouteflika’s own plan to stay on temporarily to oversee his own succession, sent a shockwave through the political establishment.

In the days that followed, two leading political parties and the country’s biggest labor union – longtime establishment supporters of the president — echoed the army’s call.

“The game is between the presidency and the demonstrators. And the referee is the army. So you can exclude a player, but you cannot exclude the referee,” said a retired army general.

The ideal scenario for the army, former generals say, would be a compromise candidate for president who would meet some demands of the protesters while enabling the generals to help shape the future.

   

POLITICAL OVERHAUL

“I can imagine more concessions from the army, including accepting candidates from the demonstrators to handle the transition,” said a retired military intelligence officer.

So far, the reaction to the army’s intervention from protest leaders — some of whom want a complete political revamp removing any army influence in politics — has been a mixture of caution and pragmatism.

“The military showed that it was with the people during the protests,” lawyer and activist Moustafa Bouchachi, the most prominent figure to emerge from the protests, told Reuters.

“I hope it will continue to be with the people, and yes I hope it will help secure a transition.”

Like all protesters, he wants a new generation of leaders to overhaul the country’s stagnant politics and jump-start a limping economy that Algerians say is riven with cronyism.

But he says it is too early to discuss who will succeed Bouteflika.

Some of those who are prepared to speculate see opposition politician Ahmed Benbitour as a possible contender. He resigned as prime minister under Bouteflika due to disagreements over the economic dominance of the ruling elite and lack of transparency.

Other names include former communication minister Abdelaziz Rahabi and former president and army general Liamine Zeroual.

But whoever becomes caretaker president will have to be acceptable to the generals.

While Algeria’s local and parliamentary elections can be genuine contests, albeit open only to parties approved by the authorities, presidential elections are tightly controlled and the army’s preferred candidate in effect is guaranteed to win.

MILITARY WANTS STABILITY

Since the army has always preferred to stay behind the scenes in politics, it is unlikely to follow Egypt’s example after its uprising in 2011. General Abdel Fattah al-Sisi toppled an Islamist leader and then was eventually elected president, part of a long line of military men to rule the country.

At the same time, Algeria’s military is unlikely to cede much power to any future civilian president.

Bouteflika, a tough political infighter, is a case in point. He worked for years to ease the generals’ clout and make the presidency more powerful by sacking dozens of top officers.

But he struggled to curb the army’s sway, even after he removed General Mohamed Mediene, a spy chief dubbed “Algeria’s God” because many saw him as the real authority in the country.

In the current turmoil, the army could consider using force if unrest worsens sharply. But that seems unlikely: So far the protests have been peaceful, even festive. The army has stayed on the sidelines, in sharp contrast to early 1990s when bearded Islamists alarmed the generals with radical rallies.

No Algerian wants to return to those days, when the army canceled elections Islamists were poised to win, triggering a war that killed up to 200,000 people. But a return to nationwide civil disturbances that shook the north African country in 2001-02 and 1988 cannot be ruled out if protests grow.

What all sides agree on is the need for a leader who puts reform of the Soviet-style economy high on the priority list.

In a report, Moody’s rating agency said it expects a protracted period of uncertainty to weigh on economic prospects.

“The military wants stability and the generals know that this will only be achieved if you have a man with a viable economic vision to convince Algerians that economic reforms are the only way to move forward,” said the retired general.

(Writing by Michael Georgy, Editing by William Maclean)

Source: OANN

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Maryland Democrat booted from state House leadership post over racial slur

A Democratic member of Maryland's House of Delegates was removed as chairwoman of a subcommittee on Tuesday after an account of her using a racial slur during an after-hours gathering at an Annapolis cigar bar last month was published by The Washington Post.

Mary Ann Lisanti, 51, apologized to the Maryland House Democratic Caucus on Tuesday, one day after she apologized to the leaders of the state's Legislative Black Caucus. In a message to her constituents in Harford County northeast of Baltimore, Lisanti said she was "ashamed" and "sickened" she had used the word, which "does not represent my belief system, my life’s work or what’s in my heart."

It is my hope and prayer that you ... can forgive me for the pain that I have caused, and help me to mend what I have broken," she added. "I will continue work every day to repent for my actions and represent my constituents."

The Post reported on Monday that Lisanti told a white colleague that he had been campaigning in a "[N-word] district" in mostly black Prince George's County to support a candidate in last fall's elections. Asked about it by the newspaper earlier this month, The Post reported that Lisanti said, "I don't recall that. ... I don't recall much of that evening."

When asked by The Post whether she had ever used the slur, the newspaper reported that she said: "I'm sure I have. ... I'm sure everyone has used it."

CHICAGO POLICE SAY THEY HAVE MORE EVIDENCE JUSSIE SMOLLETT STAGED HATE CRIME

Del. Darryl Barnes, the Legislative Black Caucus of Maryland chairman, described Lisanti's apology as "woefully inadequate" and urged House Speaker Michael Busch to discipline the delegate. Busch, also a Democrat, announced Lisanti would no longer chair the Unemployment Insurance Subcommittee of the House Economic Matters Committee, because "I believe that leaders in the House need to be able to bring people together -- not tear them apart."

Busch also said that Lisanti had agreed to sensitivity training.

USA TODAY EDITOR-IN-CHIEF ADMITS 'HORRIBLE' MISTAKE AFTER SHE'S LINKED TO 'BLACKFACE' YEARBOOK

"I hope that through sensitivity training that Delegate Lisanti has agreed to and the help of her colleagues, she will develop a greater understanding of the impact that she has had on her fellow legislators and the entire House of Delegates," Busch said in a statement.

Barnes, who represents part of Prince George's County, noted in his letter to Busch that African-Americans make up nearly 30 percent of Maryland's population. He also pointed out that the Maryland General Assembly has 57 black members out of 188 legislators.

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"It is clear that Delegate Lisanti is unsuited to continue in a position of leadership in the Maryland General Assembly," Barnes said in the letter. "We have been receiving calls for her resignation, removal of subcommittee chairmanship, and to be censured on the House floor."

In neighboring Virginia, the state government has been embroiled in scandal since Gov. Ralph Northam and Attorney General Mark Herring, both Democrats, acknowledged they wore blackface in the 1980s. They both resisted calls to resign.

The Associated Press contributed to this report.

Source: Fox News Politics

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A look at Sri Lanka’s troubled recent history marked by war

A series of blasts in and outside Sri Lanka's capital on Easter Sunday, blamed on religious extremists, recalled the worst days of the country's 26-year civil war. Here is a look at a long and troubled history marked by ethnic and religious divides.

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YEARS OF WAR

Sri Lanka, an island nation of some 23 million people, was dominated for decades by the sharp divide between the majority Sinhalese, who are overwhelmingly Buddhist, and the minority Tamil, who are Hindu, Muslim and Christian. The mistreatment of Tamils helped nurture the growth of armed separatists and led to nearly 30 years of civil war, with Tamil Tiger fighters eventually creating a de facto independent homeland in the country's north. The Tigers were crushed in a 2009 government offensive, with some observers believing that tens of thousands of Tamils died in the last few months of fighting alone.

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A RELIGIOUS DIVIDE

After the civil war ended, a religious divide quickly took hold, with hardline Buddhist monks rallying Sri Lankans against what they argue is a pernicious threat: Muslims, who make up roughly 10 percent of the country's population. Buddhist nationalist leaders accuse Muslims of recruiting children, trying to grow their ranks by marrying Buddhist women and attacking Buddhist shrines. Muslims denied the accusations. Small-town economics also plays a significant role, since Muslims own many of the country's small shops.

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SOCIAL MEDIA WAR

In 2018, anti-Muslim violence flared across the hills of central Sri Lanka, fed by rumors spread over social media about attacks on Buddhists. Mobs of Buddhists swept through small towns, attacking mosques and Muslim-owned shops. The government briefly declared a state of emergency and ordered popular social media networks, including Facebook, Viber and WhatsApp, blocked for a time to stop the violence from spreading.

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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