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Pakistan anti-graft court indicts opposition leader, his son

A Pakistani anti-graft tribunal has indicted opposition leader Shahbaz Sharif on charges he misused his authority to benefit his family's factory while he was chief minister in the eastern Punjab province.

His son Hamza Shahbaz was also indicted during Tuesday's brief court hearing in Lahore, the capital of Punjab province. The father and son denied any wrongdoing. They were not arrested and were allowed to leave the court.

Under Pakistani laws, now they will face a trial.

Sharif is leader of the opposition in the National Assembly and he served as chief minister of Punjab from 2013 to 2018.

He is the younger brother of former Prime Minister Nawaz Sharif, who was disqualified from office in 2017 over corruption charges.

Source: Fox News World

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Philippines protests ‘swarming’ of Chinese boats near island

An official says the Philippines has protested the presence of about 275 Chinese vessels that were sighted from January to March near a Philippine-occupied island in the disputed South China Sea.

Presidential spokesman Salvador Panelo said Monday the Department of Foreign Affairs lodged the protest after the military monitored the Chinese vessels near Thitu island, which is called Pag-asa by Filipinos, in the Spratly chain of islands. Panelo met with the Chinese ambassador on Monday and raised the country's concern.

A diplomat says the Philippines sent a diplomatic note to the Chinese Embassy on Friday to express concern over the "swarming of Chinese boats" near Thitu.

China, the Philippines and four other governments have had territorial spats in the region for decades.

Source: Fox News World

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Exclusive: EU risks ‘trade war’ with Malaysia over palm oil – Mahathir

Malaysia's Prime Minister Mahathir Mohamad reacts during an interview with Reuters in Langkawi
Malaysia's Prime Minister Mahathir Mohamad reacts during an interview with Reuters in Langkawi, Malaysia March 28, 2019. REUTERS/Feline Lim

March 28, 2019

KUALA LUMPUR (Reuters) – The European Union risks opening up a trade war with Malaysia over its “grossly unfair” policies aimed at reducing the use of palm oil, Prime Minister Mahathir Mohamad said on Thursday.

This month, the European Commission concluded that palm oil cultivation results in excessive deforestation and its use in transport fuel should be phased out by 2030.

Malaysia, the world’s second biggest palm oil producer after Indonesia, relies on the crop for billions of dollars in foreign exchange earnings and hundreds of thousands of jobs.

Mahathir, 93, said the EU’s increasingly hostile attitude towards palm oil, a commodity used in everything from chocolate spread to lipstick, was an attempt to protect alternatives that Europe produced itself, like rape seed oil.

“To do that kind of thing to win a trade war is unfair,” Mahathir told Reuters in Langkawi, a tropical island 30 km off Malaysia’s mainland.

“Trade wars are not something we like to promote but on the other hand it is grossly unfair for rich people to try and impoverish poor people.”

(Reporting by A. Ananthalakshmi, Joseph Sipalan, Joe Brock; Editing by Robert Birsel)

Source: OANN

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Turkey’s main opposition declares election victory in all three big cities

Imamoglu, mayoral candidate of main opposition CHP speaks during news conference in Istanbul
Ekrem Imamoglu, mayoral candidate of the main opposition Republican People's Party (CHP), speaks during a news conference in Istanbul, Turkey March 31, 2019. REUTERS/Huseyin Aldemir

March 31, 2019

ANKARA (Reuters) – Turkey’s main opposition party chairman said his party’s candidates had won in all three of the country’s biggest cities in Sunday’s mayoral elections according to his party’s data.

Speaking to reporters in Ankara, Republican People’s Party (CHP) chairman Kemal Kilicdaroglu said CHP candidates had won in Ankara, Istanbul and Izmir along with other cities, defeating rivals from President Tayyip Erdogan’s AK Party.

(Reporting by Ece Toksabay and Tuvan Gumrukcu)

Source: OANN

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Disney donates $5M to Notre Dame reconstruction following fire

Days after a fire ravaged the Notre Dame Cathedral in Paris, the Walt Disney Company on Wednesday announced their pledge to help rebuild the historic landmark.

The company – which released the animated movie “The Hunchback of Notre Dame” – unveiled their $5 million donation in a statement, saying that it’ll go towards reconstruction.

TRUMP SAYS HE HAD ‘WONDERFUL CONVERSATION’ WITH POPE FRANCIS, OFFERED HELP AFTER NOTRE DAME FIRE

In announcing their contribution, Chairman and Chief Executive Officer Bob Iger discussed the cathedral’s prominent role in the city’s history.

“Notre-Dame is a beacon of hope and beauty that has defined the heart of Paris and the soul of France for centuries, inspiring awe and reverence for its art and architecture and for its enduring place in human history,” Iger said in the statement. “The Walt Disney Company stands with our friends and neighbors in the community, offering our heartfelt support as well as a $5 million donation for the restoration of this irreplaceable masterpiece.”

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The blaze erupted at Notre Dame on Monday. While relics, including the Crown of Thorns purportedly worn by Jesus at his crucifixion, were saved and the main structure remained intact, the blaze collapsed the cathedral’s spire and much of the roof.

Among others who have said they would contribute to the repair efforts include French companies Total and L'Oreal, as well as billionaire tycoons Bernard Arnault and Francois Pinault.

Fox News’ Adam Shaw and The Associated Press contributed to this report.

Source: Fox News World

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CNN’S S.E. Cupp on Trump: ‘Beat Him at the Ballot Box’

A conservative host on CNN cannot reach liberal viewers without trumpeting for the ouster of President Donald Trump, but S.E. Cupp does it with a call to "beat him at the ballot box" – the way the U.S. Democracy intended – and not moving to impeach him.

"This president is unfit to lead," she said on CNN's "S.E. Cupp Unfiltered." "He has shown time and time again his utter disdain for democratic process, separation of powers, the law. He's got to go. But not by impeachment."

Cupp was pointing to the political attacks on President Trump from the Mueller report, which concluded there was insufficient evidence to prove a crime but passed the buck to Congress to decide the president's fate on potential impeachment proceedings.

"The reality is without bipartisan support for such a drastic and disruptive maneuver it will only rip us apart even further and that benefits Trump, not America," she said of impeachment. "Beat him at the ballot box.

"Beat him with ideas and policies. Beat him with an agenda that doesn't divide us further, that isn't just designed to piss off half the country or punish people who voted for him."

Cupp said toppling the president using "respect, hope, and optimism" should not be hard.

There has not been much in the way of respect, hope, or optimism for President Trump from his political opposition, particularly with an estimated $35 million Mueller report which features – for those critics – the most memorable conclusion being not "no collusion, no obstruction" but this line: "While this report does not conclude that the president committed a crime, it also does not exonerate him."

Ostensibly, for President Trump's opposition: politically guilty because potentially not proven innocent criminally.

Source: NewsMax Politics

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3 UK Conservative lawmakers defect to new independent group

Three pro-European lawmakers have quit Britain's governing Conservatives to join a newly formed centrist group of independent legislators opposed to the government's conduct of Brexit.

Anna Soubry, Heidi Allen and Sarah Wollaston announced Wednesday they will join eight ex-Labour Party lawmakers in the new group.

The Labour rebels have quit the party over its direction under left-wing party leader Jeremy Corbyn. They accuse him of mounting a weak opposition to Prime Minister Theresa May's plans for leaving the European Union and of failing to stamp out anti-Semitism in the party.

The breakaway lawmakers hope to gain members from among disgruntled pro-Europeans in both the Labour and Conservative parties, with a view to forging a new force in the center of British politics.

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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