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Wilson agrees to $140 million extension, becomes top-paid player in NFL

FILE PHOTO: Seattle Seahawks v Oakland Raiders - NFL International Series
FILE PHOTO: NFL Football - Seattle Seahawks v Oakland Raiders - NFL International Series - Wembley Stadium, London, Britain - October 14, 2018 Seattle Seahawks' Russell Wilson celebrates after the match Action Images via Reuters/Paul Childs/File Photo

April 16, 2019

The Seattle Seahawks and Russell Wilson agreed to a four-year extension worth a reported $140 million, making the franchise quarterback the highest paid player in the NFL.

The deal, which includes a $65 million signing bonus and no-trade clause, was reached late Monday night. Wilson confirmed the new deal in a Twitter post early Tuesday.

“Hey Seattle, we got a deal,” Wilson says from his bed, next to his wife, Ciara. “Go Hawks. But I’ma see y’all in the morning. Time for y’all to go to bed.”

Wilson’s reported annual average of $35 million tops the blockbuster extension signed last summer by Green Bay quarterback Aaron Rodgers at $33.5 million. Rodgers’ deal included a $57.5 million signing bonus, also topped by Wilson.

ESPN and the Seattle PI reported the terms of the deal.

Wilson, 30, is contractually tied to Seattle through the 2023 season.

The Seahawks were up against a deadline of late Monday night to reach a deal with Wilson, who had vowed not to discuss an extension if the sides couldn’t reach a deal by midnight. Wilson’s agent, Mark Rodgers, arrived at team headquarters last Friday to hammer out a deal, according to ESPN.

“At the end of the day, my guy wants to live, work, thrive in Seattle,” Rodgers told ESPN on Tuesday. “Loves this town and its fans. He compromised to stay here. I respect that.”

Wilson is a five-time Pro Bowl selection who posted career-highs in passing touchdowns (35) and passer-rating (110.9) in 2018. He has thrown for 25,624 yards and 196 touchdowns in his seven-year career. He has started all 112 games he has played for the Seahawks.

–Field Level Media

Source: OANN

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Rivals in Ukraine’s presidential runoff debate at stadium

A comedian who is the front-runner in Ukraine's presidential race and the incumbent fighting to retain his job traded accusations in a debate at a sports stadium Friday, just two days before the election.

President Petro Poroshenko, who is trailing in opinion polls ahead of Sunday's presidential runoff, accused his rival, 41-year-old comic actor Volodymyr Zelenskiy, of lacking the political experience needed to keep Ukraine on its pro-Western course and resist Russia's attempts to draw the country back into its orbit.

While Poroshenko charged that his rival lacks a clear program, Zelenskiy shot back, calling the president "a wolf in sheep's clothing."

Zelenskiy, who is widely popular for playing a Ukrainian president fighting corruption in a popular TV sitcom, held the Ukrainian leader responsible for the nation's economic woes and endemic corruption. He insisted that he would continue pushing Ukraine to further integrate into the West.

The debate was watched by some 60,000 people who packed the nation's largest sports arena in Kiev, backing their candidates with enthusiastic chants or booing their opponents.

Zelenskiy tried to put Poroshenko on the defensive, showering the billionaire candy tycoon-turned-president with questions about his business assets and associates of his who have been accused of corruption.

The actor said he voted for Poroshenko five years ago but later realized that "I made a mistake, we made a mistake."

"Could we imagine back then that a new way of life would in fact be a fight for survival?" Zelenskiy said, referring to the country's sharp plunge in living standards since the 2014 vote.

"I'm not a politician, I'm a simple man who has come to break that system," he said, echoing his sitcom character, a schoolteacher suddenly thrust into the presidential seat. "I'm the result of your promises and your mistakes."

Poroshenko shot back, arguing that the actor has failed to spell out his program and pointing at his business ties with self-exiled billionaire tycoon Ihor Kolomoyskyi, the president's archrival.

Poroshenko charged that Zelenskiy's victory would benefit Russia, which annexed Ukraine's Crimean Peninsula in 2014 and has backed separatist rebels in Ukraine's east ever since in fighting that has left 13,000 people dead.

"He would be a weak head of state unable to stand up to (Russian President Vladimir) Putin," Poroshenko said. "An actor can't wage a war against Russia."

Zelenskiy sought to turn the tables on Poroshenko, accusing him of maintaining backdoor channels with the Kremlin and continuing to market his candy in Russia despite the bitter tug-of-war between the two neighbors.

"I will uphold Ukraine's European choice," he insisted.

At some point, both candidates came down to their knees to ask for forgiveness of those who lost their relatives in the five years of fighting in the east.

Prior to the debate, Poroshenko rallied thousands of his supporters at the capital's Independence Square, which was the heart of Ukraine's 2014 opposition protests that ousted the nation's former Russia-friendly president.

Lyudmila Soloveyko, a 56-year-old schoolteacher who went to the rally, said she's grateful to Poroshenko for "opening the door to Europe for Ukrainians," referring to the EU decision to scrap visas for traveling Ukrainians, which Poroshenko had lobbied for.

Zelenskiy has avoided a traditional political campaign, touring the country with his comedy show instead. In his rare interviews, he has pledged to continue the push for close ties with the EU and NATO but also spoke out for more active efforts to reintegrate the rebels in the east back into Ukraine's fold.

Zelenskiy's supporters scoffed at the president's claim that the actor would be easy prey for the Kremlin and pointed at the economic woes and corruption during Poroshenko's time at the helm.

"We have got tired of the old politicians who are good at nothing but talk," said 54-year-old sales clerk Yevgenia Ostroshitskaya. "Life only has been getting worse. Let Zelenskiy give it a try, he has done it well in the movies."

Zelenskiy won 30% of the vote in the March 31 first round vote while Poroshenko got 16%, and the gap has widened as Sunday's runoff has approached.

A poll released Thursday by the Rating agency suggested Zelenskiy has 58% support, while Poroshenko has just 22%. The poll of 3,000 people had a margin of error of 1.8 percentage points.

Source: Fox News World

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Afghan official: Taliban killed 33 troops, police in Helmand

An Afghan official says a devastating Taliban attack over the weekend on an army outpost in southern Helmand province killed 26 soldiers and seven policemen — casualties the country's defense ministry has refused to disclose.

Provincial council chief Attahullah Afghan told The Associated Press on Monday that the attack took place in Sangin district on Friday and that it also left 31 soldiers wounded.

The Taliban claimed the attack a day later, on Saturday. There was no government statement on the attack.

Afghan military spokesman Nawab Shah said government jets aided the besieged troops and eventually sent reinforcements to Helmand, an old Taliban heartland. He refused to discuss casualties.

The insurgents stage near-daily attacks on Afghan forces, inflicting staggering casualties, even as they hold peace talks with the United States.

Source: Fox News World

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NHL roundup: Vasilevskiy sets saves mark in OT win over Caps

NHL: Tampa Bay Lightning at Washington Capitals
Mar 20, 2019; Washington, DC, USA; Tampa Bay Lightning defenseman Victor Hedman (77) scores the game winning goal against the Washington Capitals during the overtime period at Capital One Arena. Mandatory Credit: Brad Mills-USA TODAY Sports

March 21, 2019

Victor Hedman scored 3:01 into overtime, and Andrei Vasilevskiy made a franchise-record and career-high 54 saves as the visiting Tampa Bay Lightning beat the Washington Capitals for the second time in five days, 5-4 on Wednesday night.

The old Lightning record for saves was 48, set by Ben Bishop in Jan. 19, 2014, and matched by Vasilevskiy on Dec. 13, 2018. Vasilevskiy was stellar at times, but he allowed Washington’s Evgeny Kuznetsov to tie the game with 52.6 seconds left in regulation.

The Lightning, though, prevailed for their sixth straight win — one game after clinching the Presidents’ Trophy with a victory over the Arizona Coyotes on Monday. Nikita Kucherov, the NHL leader with 119 points, scored twice during Tampa Bay’s four-goal second period.

Despite recording a franchise-high 58 shots, to Tampa Bay’s 28, Washington had its five-game home winning snapped and could not avenge a 6-3 road loss to the Lightning on Saturday.

Maple Leafs 4, Sabres 2

Auston Matthews and John Tavares each scored a goal and added an assist, and visiting Toronto held on to defeat Buffalo.

Mitch Marner and Zach Hyman also scored for the Maple Leafs, who won for only the second time in six games. Garret Sparks made 22 saves for the Maple Leafs, who swept the four-game season series between the teams.

Casey Mittelstadt and Alexander Nylander scored for the Sabres, who have lost eight of their past nine games (1-7-1). Carter Hutton was much busier than his counterpart, stopping 42 of 45 shots in Buffalo’s goal.

Canucks 7, Senators 4

Tanner Pearson and Bo Horvat both scored twice in three-point games while Loui Eriksson collected one goal and three assists as host Vancouver earned its third consecutive win in beating Ottawa.

Goalie Jacob Markstrom needed to make only 21 saves for Vancouver, which is on a 4-0-1 run and four points out of a playoff spot with eight games remaining in the regular season.

Max Veronneau, the prized product of Princeton University who signed with the Senators on March 12, put Ottawa on the board with his first career goal at 8:54 of the final frame. He was playing in his third NHL game. Anders Nilsson stopped 33 shots for Ottawa.

Jets 3, Ducks 0

Mark Scheifele scored an early goal, and goaltender Connor Hellebuyck made 29 saves as visiting Winnipeg earned a victory over Anaheim to get some breathing room atop the Central Division.

Kyle Connor and Nikolaj Ehlers added third-period goals for the Jets (44-25-4, 92 points), who are now three points ahead of the Nashville Predators in the division thanks to their four-game winning streak. The Jets’ magic number for clinching a playoff spot was reduced to five points.

The Jets held off the Ducks despite playing without defensemen Nathan Beaulieu, Dustin Byfuglien and Josh Morrissey. Winnipeg defenseman Joe Morrow did return Wednesday for his first game since Feb. 14 after recovering from a lower-body injury.

–Field Level Media

Source: OANN

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Florida man arrested following robbery, shooting at police: officials

A Florida man who allegedly shot at police during a high-speed chase near Miami’s South Beach Friday faces charges of attempted murder, armed robbery and eluding police, according to reports.

The suspect, identified as 34-year-old Terence Daniel II, robbed a valet attendant at gunpoint, stealing about $1,500 before leaving in a Dodge Challenger, the Miami Beach News reported, citing the arrest report. Officers eventually spotted the Challenger, identified by the valet, and attempted to conduct a traffic stop, the report claimed.

TENNESSEE WOMAN TAKES LAST SWIG OF BEER DURING ARREST AFTER HIGH-SPEED CHASE: COPS

Daniel allegedly shot at officers through his windshield before speeding away. After driving into Miami, he reportedly bailed out of the car and barricaded himself in a shed. After setting up a perimeter and dispatching K-9 units to find him, police said they were able to negotiate to get Daniel out of the shed.

He was reportedly injured by a police dog when he failed to follow police commands and was taken to a local hospital where he was treated and released.

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He is being held without bond at Miami-Dade County’s Turner Guilford Knight Correctional Center.

No one was reportedly struck by Daniel’s bullets, but at least one bullet hit a parked Porsche, according to the report.

Source: Fox News National

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The Latest: Strong storms moving into southeastern US

The Latest on severe weather moving across the United States (all times local):

11:45 a.m.

Forecasters are warning about tornadoes and other violent weather as a storm system moves into the southeastern United States.

The National Weather Service issued a series of tornado warnings about a front pushing eastward from Texas on Thursday. Strong storms covered much of Louisiana.

A tornado watch reached from coastal Louisiana into central Mississippi, and more weather alerts are likely. Flood warnings reached as far north as central Indiana.

The same system produced tornadoes and hail earlier in North Texas, the Texas Panhandle, Oklahoma and southeastern Kansas.

___

9:55 a.m.

Severe thunderstorms rumbled across North Texas, the Texas Panhandle, Oklahoma and southeastern Kansas, producing several tornadoes and unleashing widespread hail.

Seven tornadoes were reported across the Plains from the northeastern Texas Panhandle to southeastern Kansas. Strong winds hit elsewhere Wednesday evening, toppling utility poles and trees and downing power lines in parts of North Texas. No significant structural damage has been reported.

The National Weather Service received numerous reports of hail pelting the storm-struck areas. Egg-size hail was reported about 60 miles (95 kilometers) northwest of Fort Worth.

The storms were expected to move Thursday into the Deep South. Dozens of schools in Mississippi and Alabama dismissed students early as a precaution.

The threat comes days after dozens of tornadoes from East Texas to Georgia left at least nine dead.

Source: Fox News National

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Benito Mussolini’s great-grandson enters Italian politics with far-right party

The great-grandson of Italy's fascist dictator Benito Mussolini has entered the political arena -- and wants to be known for more than just his infamous last name.

Caio Giulio Cesare Mussolini – whose name also references one of ancient Rome’s most famous leaders – is running as a candidate for the far-right Brothers of Italy in the upcoming European Union elections.

The former submariner in the Italian navy would be the third descendant of the Italian dictator to hold public office.

“I share their ideas about retaking sovereignty, protecting our country and the family,” Mussolini told The Times of London on his party. “Why spend [$113] on a migrant then peanuts on pensioners?”

JIM CARREY’S MUSSOLINI PAINTING STARTS TWITTER FEUD WITH DICTATOR’S GRANDDAUGHTER

Benito Mussolini was Italy’s dictator for two decades until his summary execution in 1945. He remains popular with many Italians today who say he modernized the country before damaging his reputation some with racist laws and an alliance with Hitler.

Three descendants of Italian dictator Benito Mussolini are in the political arena in Italy. (Photo by Roger Viollet/Getty Images)

Three descendants of Italian dictator Benito Mussolini are in the political arena in Italy. (Photo by Roger Viollet/Getty Images)

"There were a lot of good things and some mistakes,” Caio Mussolini said.

The 50-year-old told the Times that he hopes to be judged by his experience, not his name. In addition to his time in the Italian navy, he was the Middle East representative for the country’s largest defense company before entering politics.

“My experience gives me a background in international relations,” he said.

The political debut of the latest Mussolini led to protests over the weekend and even included Facebook taking down his profile. The candidate said Tuesday his profile had been restored, with apologies.

CLICK HERE TO GET THE FOX NEWS APP

He is not the only descendant of Il Duce to have joined the political arena. Rachele Mussolini, 44, a granddaughter, is a Rome city council member. Her stepsister, Alessandra Mussolini, 52, is an EU parliamentarian for Silvio Berlusconi’s Forza Italia party.

A keen defender of her grandfather, Alessandra Mussolini was recently involved in a Twitter feud with actor Jim Carrey, who tweeted a drawing of the dictator’s lynched corpse.

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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