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German prosecutors press charges against former VW CEO Winterkorn

Former Volkswagen CEO Winterkorn leaves after testifying to a parliamentary committee on the carmaker's emissions scandal in Berlin
FILE PHOTO: Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker's emissions scandal in Berlin, Germany, January 19, 2017. REUTERS/Hannibal Hanschke

April 15, 2019

FRANKFURT (Reuters) – Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn in connection with the carmaker’s manipulation of diesel emissions testing.

Four other executives are being charged, the prosecutors office said in a statement.

VW has had to recall hundreds of thousands of cars around the world since it admitted in Sept. 2015 to installing illegal software in diesel engines to cheat strict U.S. anti-pollution tests.

(Reporting by Ludwig Burger; Editing by Michelle Martin)

Source: OANN

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Soccer: World Cup increase to 48 teams at 2022 finals is 50/50 – FIFA

FILE PHOTO: FIFA President Gianni Infantino Media Briefing
FILE PHOTO: Soccer Football - FIFA President Gianni Infantino Media Briefing - Shangri-La Bosphorus Hotel, Istanbul, Turkey - February 15, 2019 FIFA President Gianni Infantino during a media briefing REUTERS/Murad Sezer/File Photo

April 10, 2019

RIO DE JANEIRO (Reuters) – The chances of FIFA increasing the number of teams at the 2022 World Cup in Qatar from 32 to 48 is 50/50, the president of soccer’s governing body Gianni Infantino said on Wednesday.

Infantino, who is in Brazil for a meeting of the South American Football Confederation, told delegates he was working to ensure the increase for the Qatar tournament, which would mean a guaranteed two extra places for South American sides.

“We are working to see if we can get 48 teams in the 2022 World Cup because more participation means more development and more passion for everyone,” he said.

“We’ll see by June whether it is possible or not. (It’s) 50/50. What is 100 percent is that the 2022 World Cup is going to be spectacular and a total success.”

A final decision on the number of teams for the next finals will be taken at the FIFA Congress in Paris on June 5.

FIFA chose to host the 2022 World Cup for 32 teams in Qatar, although Infantino has sounded out neighbors over their willingness to host some matches in an expanded tournament.

FIFA has already agreed to increase the number of teams to 48 for the 2026 tournament being co-hosted by the United States, Canada and Mexico but is keen to expand quicker than planned.

(Reporting by Daniela Desantis, Writing by Andrew Downie; editing by Ken Ferris)

Source: OANN

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Truckloads of civilians leave Islamic State enclave in Syria

Men with covered faces sit in the back of a truck near the village of Baghouz
Men with covered faces sit in the back of a truck near the village of Baghouz, Deir Al Zor province, Syria February 20, 2019. REUTERS/Rodi Said

February 22, 2019

NEAR BAGHOUZ, Syria (Reuters) – Trucks loaded with civilians left the last Islamic State enclave in eastern Syria on Friday, as U.S.-backed forces waited to inflict final defeat on the surrounded jihadists.

Reporters near the front line at Baghouz saw dozens of trucks driving out with civilians inside them, but it was not clear if more remained in the tiny pocket.

The village is all that remains for Islamic State in the Euphrates valley region that became its final populated stronghold in Iraq and Syria after it lost the major cities of Mosul and Raqqa in 2017.

The SDF has steadily driven the jihadists down the Euphrates after capturing their Syrian capital, Raqqa, in 2017, but does not want to mount a final attack until all civilians are out.

The U.S.-led coalition which supports the SDF has said Islamic State’s “most hardened fighters” remain holed up in Baghouz, close to the Iraqi frontier.

Mustafa Bali, head of the SDF’s media office, earlier told Reuters that more than 3,000 civilians were estimated to still be inside Baghouz and there would be an attempt to evacuate them on Friday.

“If we succeed in evacuating all the civilians, at any moment we will take the decision to storm Baghouz or force the terrorists to surrender,” he said.

Though the fall of Baghouz marks a milestone in the campaign against Islamic State and the wider conflict in Syria, the militant group is still seen as a major security threat.

It has steadily turned to guerrilla warfare and still holds territory in a remote, sparsely populated area west of the Euphrates River – a part of Syria otherwise controlled by the Syrian government and its Russian and Iranian allies.

The United States will leave “a small peacekeeping group” of 200 American troops in Syria for a period of time after a U.S. pullout, the White House said on Thursday, as President Donald Trump pulled back from a complete withdrawal.

Trump in December ordered a withdrawal of the 2,000 troops, saying they had defeated Islamic State militants in Syria.

(Reporting by Rodi Said; Writing by Tom Perry; Editing by Angus McDowall and Robin Pomeroy)

Source: OANN

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Scott Adams: ‘How Long Before We See Trump Derangement Syndrome Used as a Legal Defense?’

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Source: InfoWars

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Singapore PM promotes likely successor in Cabinet reshuffle

Singapore Prime Minister Lee Hsien Loong has named a deputy in a Cabinet reshuffle, in a possible indication of his successor.

His office said Tuesday that Heng Swee Keat would be promoted to deputy prime minister. Heng has been finance minister since 2015. He will keep that post when the appointment takes effect on May 1.

Lee, who is 67, intends to step down in the coming years. He said Heng's promotion was "part of the ongoing leadership renewal."

"The next generation leadership is taking shape, and progressively taking over from me and my older colleagues," he said in a Facebook post.

Heng was managing director of Singapore's central bank during the 2008 financial crisis. In 2011, he won his first election and was appointed education minister.

Source: Fox News World

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Two U.S. senators complain of slowing sanctions on North Korea

Residents hold US and North Korean flags while they wait for motorcade of North Korea's leader Kim Jong Un en route to the Metropole Hotel for the second US- North Korea summit in Hanoi
Residents hold US and North Korean flags while they wait for motorcade of North Korea's leader Kim Jong Un en route to the Metropole Hotel for the second US- North Korea summit in Hanoi, Vietnam February 28, 2019. REUTERS/Kham

March 19, 2019

WASHINGTON (Reuters) – Two senior U.S. senators called on Monday for the Trump administration to correct a slowing pace of U.S. sanctions designations on North Korea, saying there had been a marked decline in the past year of U.S. engagement with Pyongyang.

In a letter to Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin, Republican Cory Gardner and Democrat Ed Markey called for a recommitment to robust enforcement of U.S. and United Nations sanctions on North Korea.

The senators, the chairman and ranking member respectively of the Senate Foreign Relations Subcommittee on East Asia, complained that the pace of sanctions designations on North Korea had “slowed considerably” in the past year of U.S. diplomatic engagement with the country.

They cited research by the Foundation for Defense of Democracies think tank saying that the Trump administration had sanctioned 182 persons and entities for North Korea sanctions violations since March 31, 2017, but only 26 since Feb. 23, 2018, “despite ample evidence of illicit behavior from Pyongyang and its enablers.”

The letter pointed to a 2019 U.N. report which found that North Korea had continued to defy U.N. sanctions with a massive increase in smuggling of petroleum products and coal and violation of bans on arms sales.

While welcoming U.S. diplomatic efforts aimed at persuading North Korea to give up its nuclear weapons, the senators’ letter said “the status quo is unacceptable and is contrary to the administration’s ‘maximum pressure and engagement’ doctrine.”

U.S.-North Korea engagement has appeared to be in limbo after a second summit in the past year between U.S. President Donald Trump and North Korean leader Kim Jong Un broke down last month over conflicting demands for sanctions relief and denuclearization.

The State and Treasury Departments did not immediately respond to requests for comment on the Senators’ letter.

Pompeo said in a radio interview on Monday that the administration had “the toughest economic sanctions in history,” on North Korea “but the most promising diplomatic engagement in history” with the country as well.

Speaking to B98 FM in Kansas, Pompeo said Washington aimed to reengage with Kim. Pompeo said on March 5 that he was hopeful he could send a team to North Korea “in the next couple of weeks,” but there has been no sign of such direct engagement since the Feb. 27-28 summit.

The State Department said the U.S. Special Representative for North Korea Stephen Biegun, who has led working-level talks with Pyongyang, would travel to London on Tuesday to meet British, French, and German counterparts to discuss coordinated efforts to advance North Korean denuclearization.

(Reporting by David Brunnstrom in Washington; Editing by James Dalgleish)

Source: OANN

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Head of Chinese energy agency expelled from Communist Party

The head of China's energy planning agency has been expelled from the country's ruling Communist Party and dismissed from his posts.

China's disciplinary committee announced Saturday evening that Nur Bekri used his authority to aid others in job placement, business operations and mineral resource development in exchange for huge amounts of money and property.

Bekri was one of the most senior officials from the predominantly Muslim Uighur (WEE-gur) ethnic minority in China's far west Xinjiang region.

He became director of the National Energy Administration in 2014 and was also deputy chairman of the Cabinet's economic planning agency.

The disciplinary commission said Bekri's case will now be investigated by criminal prosecutors.

Thousands of both high- and low-level officials have been detained in President Xi Jinping's multi-year crackdown on corruption.

Source: Fox News World

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

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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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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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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