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Police: 4 found dead in Texas home members of same family

Investigators say four people found dead inside a Texas home were members of the same family and that all were shot.

Fort Worth police said in a news release Tuesday that the bodies of the man, woman, boy and girl were found in the home in a residential development in the northern part of the city. Police haven't specifically said that the four were shot to death.

The circumstances around their deaths remain unclear and police spokesman Buddy Calzada says no determination has been made on whether it was a murder-suicide. Authorities say they're not looking for any suspects.

Officers went to the home Monday after receiving a call about the family. Authorities have released few details and have not released the names or ages of the family members.

Source: Fox News National

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Britain must resolve Brexit but changing PM May wouldn’t help, Hammond says

Britain's Chancellor of the Exchequer Philip Hammond is seen outside Downing Street in London
Britain's Chancellor of the Exchequer Philip Hammond is seen outside Downing Street in London, Britain March 22, 2019. REUTERS/Henry Nicholls

March 24, 2019

LONDON (Reuters) – Britain must find a way to leave the European Union in an orderly fashion rather than trying to oust Prime Minister Theresa May, finance minister Philip Hammond said on Sunday.

When asked by Sky about newspaper reports of a plot to oust May by senior ministers and whether she had run out of road, Hammond said: “No. I don’t think that is the case at all.”

“Changing prime minister wouldn’t help us,” he said. “To be talking about changing the players on the board, frankly, is self-indulgent at this time.”

When asked if he was trying to get May’s de-facto deputy, David Lidington, to take over as interim prime minister, Hammond said: “That’s not the case.”

“I’m realistic that we may not be able to get a majority for the prime minister’s (Brexit) deal and if that is the case then parliament will have to decide not just what it’s against but what it is for,” he said.

When asked about possible options for Brexit, Hammond said he was not sure there was a majority in parliament for a second referendum but that it was a coherent proposition.

“It’s clear there is going to be an opportunity over the next few days for the House of Commons, if it doesn’t approve the prime minister’s deal, to try to find a majority behind another proposition that it can take forward,” Hammond said.

(Reporting by Paul Sandle; editing by Guy Faulconbridge)

Source: OANN

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Brazilian agency reaches isolated indigenous group to reunite them with relatives, ease tensions, officials say

A Brazilian agency reached an isolated indigenous group after a high-risk journey, reuniting members of the group with some of their relatives and easing tensions with a neighboring tribe, officials said late last week.

About two dozen members of Brazil's National Indian Foundation, or FUNAI, set out last month to look for members of the Korubo tribe. The group is located in the Javari valley in the northern Brazilian state of Amazonas, near the country's border with Peru.

On Friday, it was revealed that FUNAI reached at least 34 members of the Korubo tribe and was to vaccinate them against diseases such as measles and the flu, The Guardian reported. Members of FUNAI said they discovered the Korubo growing crops including corn and bananas.

Brazil's government was said to have approved FUNAI making contact with the tribe despite laws limiting such encroachment.

One of the goals of the mission was to ease tensions between the Korubo and neighboring Matis tribe, who live about 12 miles apart. The Korubo tribe was said to be proudly traditional, hunting with blowpipes and wooden clubs and living their lives largely in the nude. Members of the Matis tribe, however, dress in Western clothes and hunt with guns.

STORMS KILL 3 IN BRAZIL; 20,000 EVACUATED IN PARAGUAY

The groups lived peacefully for some time, but a confrontation in 2014 turned deadly. Two in the Matis tribe reportedly were killed, and nine or ten in the Korubo tribe were found dead. After the incident, many remaining members of the Korubo tribe migrated away, leading their family members to believe they had been killed by the other tribe. Some joined riverside village communities, but some still decided to remain deep in the jungle where they could live in isolation.

One Korubo member, Xuxu, left his family and tribe in the dense jungle years ago. He was a part of the mission led by FUNAI and was able to reunite with his three brothers whom he'd not seen in years, as they were still living in total isolation with the rest of the tribe, according to the agency.

1,000 REPLACEMENTS FOR CUBAN DOCTORS IN BRAZIL QUIT PROGRAM

"It was actually quite moving. We soon found one of the two Korubos we saw first was a brother of one of the members of the expedition," said FUNAI coordinator Bruno Pereira. "There was a lot of emotion and tears."

The relationships between Xuxu and members of the isolated tribe were instrumental in convincing them not to lead counter-attacks against the Matis tribe, it was reported.

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The effort led by FUNAI this month was the most high-risk and intensive mission undertaken by the group since 1996 when the tribes were first contacted, officials said. However, they maintained that their latest effort didn't change their policy toward interfering with native life.

"It is important that the policy of isolation continues, of containment," Pereira said. "We carried out a delicate operation for their safety. We believe that if we hadn’t done there could have been a new conflict."

Fox News' Ryan Gaydos contributed to this report.

Source: Fox News World

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India bursts with color in celebration of Holi

A woman reacts as colour powder is thrown on her face during Holi celebrations in Mumbai
A woman reacts as colour powder is thrown on her face during Holi celebrations in Mumbai, India, March 21, 2019. REUTERS/Francis Mascarenhas

March 21, 2019

(Reuters) – Hindus across India this week celebrate the two-day festival of Holi, which marks the beginning of spring, with an explosion of colors, chanting of devotional songs and prayer.

For many, the festival, also known as the “festival of colors” or the “festival of love,” which began on Wednesday, is a time to laugh, forgive and mend broken relationships.

During the festival, participants sing and dance and shower each other with flower petals and brightly colored powders of pink, yellow, blue and green.

Smiling college students smear their faces with green, yellow and red powder, some in a trance-like state under a cloud of pink.

Inside their temples, priests spray pink and gold colors at hundreds of Hindu devotees with their arms raised in prayer as they sing religious hymns.

(Writing by Diane Craft; Editing by Dan Grebler)

Source: OANN

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FC Dallas blanks Zlatan-less Galaxy

MLS: LA Galaxy at FC Dallas
Mar 9, 2019; Frisco, TX, USA; FC Dallas defender Reto Ziegler (3) controls the ball in the second half against LA Galaxy at Toyota Stadium. Mandatory Credit: Matthew Emmons-USA TODAY Sports

March 9, 2019

Reto Ziegler scored on a penalty kick early in the second half and Bryan Acosta added a goal eight minutes later as FC Dallas defeated the visiting Los Angeles Galaxy 2-0 on Saturday afternoon in Frisco, Texas.

Jesse Gonzalez recorded the shutout in goal for FCD (1-0-1) and had to make just one save thanks to a swarming defense and the absence due to injuries of Los Angeles attackers Zlatan Ibrahimovic (Achilles heel) and Romain Alessandrini (hamstring).

Ziegler took his kick from the spot in the 53rd minute after Los Angeles’ Diego Polenta fouled FC Dallas’ Matt Hedges in the box. Hedges elevated to head a pass that was send into the area, and Polenta kicked him in the side, drawing the whistle.

Acosta made it 2-0 when he stuck in the 61st minute. He rifled a volley from outside the front of the box past Galaxy goalkeeper David Bingham after a pass off the end line by Paxton Pomykal.

FC Dallas outshot the Galaxy (1-1-0) 12-11 and had the only shot on target over the first 45 minutes.

Dominique Badji had two good scoring chances, forcing Bingham into the only save of the half in the 30th minute and then missing wide left in the 36th minute after juking the Los Angeles keeper off his line.

The Galaxy has a chance as well, when Uriel Antuna’s cross through the area found the foot of Rolf Feltscher, who hit it just off the mark in the final minute of the half.

The Galaxy’s 16-year-old midfielder, Efrain Alvarez, had a late chance to get Los Angeles on the board but his scorching shot in the 91st minute was deflected over the crossbar by Gonzalez, allowing Dallas to secure the clean sheet.

Dallas concentrated on keeping the ball and waiting for its chances and earned big edges in total passes (643-341) and possession percentage (64.1 to 35.9).

–Field Level Media

Source: OANN

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Amid loss of leaders, unknown militant rises in Philippines

Philippine and U.S. officials say a little-known militant has been named the new leader of the Islamic State group in the southern Philippines.

The Philippine interior secretary says the rise of Hatib Hajan Sawadjaan (SAWA'-jahn) shows that ISIS would latch on desperately to any militant who could provide a sanctuary and armed fighters as its last strongholds crumble in Syria.

Interior Secretary Eduardo Ano says intelligence indicates Sawadjaan, a Jolo-based commander of the brutal Abu Sayyaf extremist group in his 60s, was installed as ISIS chief in a ceremony last year. He says three other extremist groups were also recognized as ISIS allies.

Sawadjaan is blamed for orchestrating a suicide bombing in a cathedral last month that killed 23 people on Jolo Island.

Source: Fox News World

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Engineers develop cheap, simple tests for car emissions

Fine-particulate alarm is seen in downtown Stuttgart
Cars pass a sign alerting about fine particulates on a busy street in downtown Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder

March 15, 2019

By Michael Shields

DUEBENDORF, Switzerland (Reuters) – Engineers working to tackle carcinogenic pollution from cars have developed cheap and simple devices to test the effectiveness of particle filters, which could help take toxic vehicles off roads without resorting to blanket bans.

    Municipalities across Europe are struggling to find ways to meet new clean air rules without having to invest billions in electric vehicle infrastructure or banning diesel vehicles altogether.

Regulators also need to find inexpensive ways to measure real-world emissions without installing costly equipment.

Engineers have now come up with simple, hand-held, battery-powered tools to check within minutes whether cars at low idle speeds have particle filters that work.

The devices cost around 8,000 euros ($9,060), making them affordable for police and garages that do emissions inspections.  

    The new measuring devices will start rolling out in Europe this year for mandatory tests and could help improve diesel engines’ reputation after scandals over carmakers’ use of illegal defeat devices to manipulate exhaust emission tests.

    Some German cities have banned diesel cars, primarily to limit harmful nitrogen oxide (NOx) emissions.

However particulates also kill 5 million people a year globally, Andreas Mayer, director of engineering group VERT’s scientific committee, told Reuters on the sidelines of the group’s annual meeting.

“There is a lot of toxic stuff emitted from cars, and the most toxic are particulates,” Mayer said.

    The more than 100 million particle filters in use on European roads can, if they work properly, make vehicles’ exhaust less toxic than the ambient air cars burn.

    “These diesel cars, if they are running through cities, are even cleaning the air because the filters are so efficient, so we must do everything in order to keep that quality during the life of the vehicle,” Mayer said.

    The problem comes when ceramic filters crack or get plugged with soot, sometimes prompting mechanics to remove or alter them in an improper fix to boost engine power.

ROLL-OUT STARTS THIS YEAR

    Made by a dozen European companies, the new testing devices will initially be rolled out in the Netherlands and Belgium and eventually spread to all of Europe, Mayer said.

The harmful impact of NOx emissions and fine particulate matter were for years ignored by European regulators until Volkswagen was caught masking excessive pollution levels in cars it sold in the United States.

The U.S. Securities and Exchange Commission is suing Volkswagen and its former chief executive Martin Winterkorn over the scandal, accusing the company of perpetrating a “massive fraud” on U.S. investors. [L1N21203X]

The fraud caught the eye of European regulators, who had focused mainly on carbon dioxide emissions.

    The disparity between on-road emissions and test bench results came to light after Marc Besch, a Swiss student at West Virginia University, decided to study Volkswagen emissions for an academic paper in 2013.

    He noticed other carmakers used more sophisticated emissions filters. Together with colleagues he rented a VW Jetta station wagon without knowing that their findings would change the auto industry forever.

    Besch needed to measure the VW’s pollution levels under laboratory conditions, so he turned to California’s Air Resources Board (CARB), which would later help blow the whistle on the “Dieselgate” scandal.

    The rented Volkswagen passed the laboratory test at CARB’s facility, but behaved very differently on the road, Besch said.

    “The Volkswagen did not show a characteristic reduction of nitrogen oxide pollution levels during highway driving,” Besch told Reuters. NOx pollution drops once catalytic converters warm up, but the VW’s levels were more than 30 times the legal limit, Besch’s data showed.

(Additional reporting by Edward Taylor in Frankfurt; Editing by Jan Harvey)

Source: OANN

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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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