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Ethiopian Airlines says crash victim DNA tests will take up to 6 months

Member of a rescue team stands at the secured wreckage of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu
A member of a rescue team stands at the secured wreckage of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu, near Addis Ababa, Ethiopia March 15, 2019. REUTERS/Tiksa Negeri

March 16, 2019

By Aaron Maasho and Maggie Fick

ADDIS ABABA (Reuters) – Ethiopian Airlines said on Saturday that DNA testing of the remains of the 157 passengers on board flight 302 may take up to six months as it offered bereaved families charred earth from the plane crash site to bury.

A team of investigators in Paris have begun examining the black box recorders recovered from the site where the Boeing 737 MAX 8 plane crashed into a field on Sunday after taking off from Addis Ababa. Passengers from more than 30 nations were aboard.

As families wait for the results from the investigation into the cause of the crash, Ethiopian Airlines is planning to hold a service on Sunday in Addis Ababa, at the Kidist Selassie, or Holy Trinity Cathedral, where many of the country’s past rulers are buried beneath its pink stone spires.

“We were told by the company that we will be given a kilo (of earth) each for burial at Selassie Church for a funeral they will organize,” said one family member who asked not to be named.

Papers given to the families at the Skylight Hotel on Saturday said death certificates would be issued within two weeks, and an initial payment made to cover immediate expenses.

The return of remains – most of which are charred and fragmented – would take up to six months, the papers said, but in the meantime earth from the crash site would be given.

Abdulmajid Sheriff, a Kenyan whose Yemeni brother-in-law died, said they had already held a service.

“We are Muslims we didn’t care about that (earth). We did yesterday our prayers at the mosque and that is all for us.”

Experts say it is too soon to know what caused the crash, but aviation authorities worldwide have grounded Boeing’s 737 MAXs, as concerns over the plane caused the company’s share price to tumble by around 10 percent.

Flight data has already indicated some similarities with a crash by the same model of plane during a Lion Air flight in October. All 189 people onboard were killed. Both planes crashed within minutes of take off after pilots reported problems.

The grounding of Boeing’s 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday

Boeing plans to release upgraded software for its 737 MAX in a week to 10 days, sources familiar with the matter said.

The U.S. planemaker has been working on a software upgrade for an anti-stall system and pilot displays on its fastest-selling jetliner in the wake of the deadly Lion Air crash.

(GRAPHIC: Grounded flights – https://tmsnrt.rs/2O6jQbI)

(GRAPHIC: Ethiopian Airlines crash – https://tmsnrt.rs/2ChBW5M)

(Writing by Katharine Houreld; Editing by Alexander Smith)

Source: OANN

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China game-streaming firm Huya launches $343 million follow-on offering

FILE PHOTO: The Huya logo is shown on the NYSE boards ahead of the company's IPO at the New York Stock Exchange (NYSE) in New York
FILE PHOTO: The Huya logo is shown on the NYSE boards ahead of the company's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2018. REUTERS/Brendan McDermid/File Photo

April 9, 2019

By Julia Fioretti

HONG KONG (Reuters) – Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, has launched a follow-on share offering of about $343 million to raise funds for investment in its content and e-sports partners.

Huya, which went public last year in New York, is part of a growing trend of Chinese tech companies returning to capital markets for cash soon after their initial public offering (IPO).

Huya is selling 13.6 million primary shares, the game-streaming firm company said in a stock exchange filing. At the same time, social media platform YY Inc is selling 4.8 million of Huya shares, the filing showed.

Based on its closing price of $25.23 on Monday, the combined sale could raise as much as $464 million.

There is an over-allotment – or greenshoe option – of up to 15 percent for Huya’s share sale, meaning the firm could raise as much as $394 million if exercised. There is likewise a 15 percent over-allotment for YY’s stake sale.

Huya is China’s biggest live-streaming game platform, according to the offering prospectus, competing with Douyu which plans to go public in New York this year.

China boasts the world’s largest gamer base in e-sports with about 266 million gamers in 2018, the prospectus showed.

Huya’s shares have risen about 65 percent since the firm’s IPO in May, in which it raised $180 million.

Other companies from the 2018 IPO cohort returning for more funds include electric vehicle maker NIO Inc, video streaming company iQIYI Inc, e-commerce firm Pinduoduo Inc and video platform Bilibili Inc.

Bankers are pinning their hopes for 2019 on additional capital raising through follow-on offerings or convertible bonds as the crop of Chinese companies looking to go public thins out after a blockbuster 2018 in terms of IPOs.

Many of the companies that went public in 2018 raised less money than they had hoped for – partly due to global market jitters and partly because investors pushed back against lofty valuations – which will drive follow-on capital raising.

Huya will price its follow-on offering after New York markets close on Tuesday.

Citigroup, Credit Suisse, Goldman Sachs and Jefferies are joint bookrunners for the deal.

(Reporting by Julia Fioretti; Editing by Christopher Cushing)

Source: OANN

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Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking

Rod Rosenstein, the U.S. deputy attorney general who supervised the Mueller investigation, spoke publically on Thursday for the first time since the report was released, taking a swipe at the Obama administration’s real-time reaction to Russian hacking and its decision "not publicize the full story" to the American people.

Rosenstein, who was speaking in New York at the Public Servants Dinner of the Armenian Bar Association, defended his handling of the probe and criticized former officials in the process. He called out former FBI Director James Comey for alerting Congress about the investigation into Russian collusion at the height of the 2016 presidential campaign.

SWALWELL NOT CERTAIN TRUMP ISN'T A 'RUSSIAN ASSET'

“The FBI disclosed classified evidence about the investigation to ranking legislators and their staffers,” he said. “Someone selectively leaked details to the news media. The FBI director [Comey] announced at a congressional hearing that there was a counterintelligence investigation that might result in criminal charges. Then the former FBI director alleged that the president pressured him to close the investigation, and the president denied that the conversation occurred.

"So that happened,” he joked.

The Obama administration has been criticized for its handling of the Russian interference. Trump has blamed Obama for not acting quickly enough to stem Russia’s influence during the campaign.

In 2016, NBC News, citing unnamed high-level officials, reported that the Obama administration did not respond more forcefully because it did not want to appear to be interfering with the election. One official told the network at the time, "They thought [Hillary Clinton] was going to win, so they were willing to kick the can down the road."

A reporter for NPR said the Obama administration debated how to handle the information and decided that Obama should deal with Russian President Vladimir Putin privately about the matter.

The Rosenstein speech touched on a lot of topics.

He blasted “mercenary critics” who benefit financially by expressing “passionate opinions about any topic, often with little or no information. They do not just express disagreement. They launch ad hominem attacks unrestricted by truth or morality. They make threats, spread fake stories and even attack your relatives.”

Rosenstein has maintained a tenuous relationship with Trump. Congressional Republicans have also accused him of withholding documents and not investigating aggressively enough what they contend was political bias within the FBI.

Former FBI General Counsel James Baker, in closed-door testimony before congressional committees last October, provided detail about internal discussions concerning Rosenstein's reported offer to wear a wire to tape the president in the tumultuous days following James Comey’s firing as FBI director in May 2017.

Fox News has confirmed portions of the transcript to the House Oversight and Judiciary Committees.

"At my confirmation hearing in March 2017, a Republican senator asked me to make a commitment," he recalled. "He said: “You’re going to be in charge of this [Russia] investigation. I want you to look me in the eye and tell me that you’ll do it right, that you’ll take it to its conclusion and you’ll report [your results] to the American people.

"I did pledge to do it right and take it to the appropriate conclusion. I did not promise to report all results to the public, because grand jury investigations are ex parte proceedings. It is not our job to render conclusive factual findings. We just decide whether it is appropriate to file criminal charges."

Rosenstein is leaving his post in two months. He had some fun with his speech and answered the question that so many on social media were asking after watching him standing stoically behind Attorney General William Barr during the lead-up to the Mueller report release.

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“Last week, the big topic of discussion was, ‘What were you thinking when you stood behind Bill Barr at that press conference, with a deadpan expression?’ The answer is: I was thinking, “My job is to stand here with a deadpan expression.’"

Fox News' Catherine Herridge and the Associated Press contributed to this report.

Source: Fox News Politics

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New Apple lab uses robots to rip apart devices for recycling materials

FILE PHOTO: The logo of Apple company is seen outside an Apple store in Bordeaux
FILE PHOTO: The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau/File Photo

April 18, 2019

By Stephen Nellis

(Reuters) – Apple Inc is notorious for keeping what happens in its laboratories a closely guarded secret. But the iPhone maker plans to share openly everything that happens in its newest lab in Austin, Texas.

Apple said Thursday that it will open a “Material Recovery” lab to investigate new techniques using robotics and machine learning to rip apart its devices and recover valuable materials such as copper, aluminum and cobalt. The 9,000-square-foot lab will be at the same Austin facility as “Daisy,” an Apple-built robot that can now tear apart iPhones at the rate of 1.2 million per year.

The lab is part of Apple’s broader goal to make all of its products from recycled or renewable materials. Apple has not set a date for when it will reach that goal, though some products such as the MacBook Air already feature aluminum made from melted down iPhones traded in to Apple.

Lisa Jackson, Apple’s vice president of environment, policy and social Initiatives, told Reuters the research will inform how Apple designs its products.

“I absolutely think that the learnings we make there will be for all of Apple, and hopefully for all of our sector, and of course will influence designers and engineers as we go forward,” Jackson said in an interview.

Apple has faced criticism in the past that its thin-and-light product designs make it hard to disassemble products so they can be recycled.

Kyle Wiens, chief executive of iFixit, which provides free repair instructions for electronics, said Apple deserves some credit for making the iPhone reasonable to recycle. But he said many other popular products in its lineup – such as its AirPods headphones – cannot be economically recycled because they are stuck together with glue.

Jackson pushed back against that notion, saying that smaller products reduce material use and that Apple focuses on making longer lasting products. The company for the first time released figures showing that 7.8 million devices brought to Apple as trade-ins last year ended up with new users.

“Durability matters,” Jackson said. “We know our products are used a long time.”

Apple also said Thursday that materials recovered by the Daisy robot are making their way into new products. For example, batteries recovered by Daisy will be sent to recyclers so the cobalt from them can be used in new Apple batteries.

“Cobalt is mined in horrific conditions,” Wiens of iFixit said. “Reducing cobalt consumption is a good thing across the board.”

(Reporting by Stephen Nellis; Editing by Lisa Shumaker)

Source: OANN

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Philippines gets $9.8 billion FDI in 2018, posts first drop in three years

Man counts wad of Philippine Peso bills in Makati
A man counts a wad of Philippine Peso bills he received from a relative working abroad at a money remittance center in Makati City, Metro Manila, Philippines September 19, 2018. REUTERS/Eloisa Lopez

March 11, 2019

MANILA (Reuters) – Foreign direct investment (FDI) in the Philippines fell for the first time in three years in 2018 to $9.8 billion, nearly 4.5 percent lower than prior year’s record inflow, the central bank data showed on Monday.

Net FDI in 2017 had hit an all-time high of $10.26 billion.

Equity capital investment in 2018 dropped to $2.3 billion from $3.4 billion the year before. A bulk of these inflows came from Singapore, the United States, Hong Kong, Japan, and China, and channelled mainly to manufacturing, financial, real estate, and a few other sectors.

Investment in debt instruments rose 11 percent to $6.7 billion from $6.0 billion in 2017.

Despite it being one of Asia’s fastest-growing economies, the Philippines lags regional peers in terms of attracting foreign direct investments because of foreign ownership restrictions, high power costs and poor infrastructure.

The Philippines’ 2018 FDI figure pales in comparison with the $29.3 billion and $19.1 billion that Indonesia and Vietnam respectively received last year.

Late last year, President Rodrigo Duterte signed an executive order further liberalizing investment rules to lure much needed foreign capital and help boost economic growth.

The order removed ownership restrictions and further opened up certain sectors and activities such as construction and repair of locally-funded public works projects to foreigners.

(Reporting by Enrico dela Cruz; Editing by Shreejay Sinha)

Source: OANN

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Apple, luxury brands drop China prices as VAT cuts come into effect

FILE PHOTO: New iPhone X phones are purchased at an Apple Store in Beijing
FILE PHOTO: New iPhone X phones are purchased at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo

April 2, 2019

BEIJING (Reuters) – Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came into effect.

Price tags for products listed on the Apple’s China website were lowered on Monday morning, including a discount of up to 500 yuan ($74.44) for some of its latest iPhone models.

Suggested retail prices for brands including LVMH’s Louis Vuitton and Kering’s Gucci were also cut by around 3 percent, according to local media reports.

It follows announcements last month from car brands BMW AG and Mercedes-Benz, which said prices for several car models would drop following the tax changes.

Apple declined to comment on the price cuts, while LVMH and Kering did not immediately respond to requests for comment.

Beijing said in March that it would cut taxes and fees for all companies by nearly 2 trillion yuan in 2019, with the manufacturing, transportation and construction sectors set to benefit as it looks to stimulate a slowing economy.

The world’s second-largest economy is growing at its weakest pace in almost three decades amid lower domestic demand and an ongoing trade war with the United States.

Several Chinese electronics retailers lowered prices for iPhones in January, discounting latest models by up to $118, after weaker-than-expected sales at end-2018.

(Reporting by Cate Cadell; Editing by Himani Sarkar)

Source: OANN

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Study: Soft Bedding a Grave Danger to Sleeping Babies

Almost 70% of babies who died from sleep-related suffocation between 2011 and 2014 did so because of soft bedding, a new study reveals.

The finding underscores physicians’ urgent message to new parents that babies should sleep only in cribs or bassinets free of blankets, toys and other potential hazards.

Unintentional suffocation is the No. 1 cause of injury death in babies less than a year old in the United States, with more than 80% of cases occurring in bed. The new study, from a University of Virginia Health System physician and her colleagues, sheds light on how that is happening, revealing that soft bedding is responsible for the vast majority of sleep-related infant deaths (69%). The second most common cause was due to overlay by another person (19%), with 71% of these occurring while sleeping in the same bed with a parent and/or sibling. The third most common was “wedging,” in which babies become trapped between two objects, such as a mattress and wall (12%).

“These results are very significant, because these deaths – clearly due to suffocation – were all preventable” said UVA’s Fern Hauck, MD. “It is also important to note that the causes of suffocation differed by infant age. So, overlaying is a bigger problem for the youngest infants, soft bedding affects infants most commonly under 4 months, and wedging more a problem when infants are older and can move around in bed.”


Democrats have legalized the ability to kill a viably-born child.

Unsafe Infant Sleep Practices

Sleep-related suffocation and strangulation was responsible for 14% of all sudden, unexpected infant deaths during the period reviewed, the researchers determined. Death by soft bedding was most likely to occur in an adult bed, with the babies on their backs. Most often, the suffocation or strangulation was caused by a blanket or blankets.

When babies died of overlay, it was most often the mother who overlaid the infants. In wedging deaths, babies were most likely to become trapped between the mattress and a wall.

“Keeping infants safe is a priority for parents, and these types of suffocation deaths can be prevented by following the American Academy of Pediatrics safe sleep guidelines,” Hauck said. “These include: placing infants to sleep in a safety-approved bassinet or crib in the caregivers’ room; not placing infants alone or with others on adult beds to sleep; keeping all soft objects out of the infant’s sleep area, including blankets and pillows (wearable blankets are preferred over loose blankets); and placing infants on their back to sleep.”

(Photo by RitaE / Pixabay)

In conducting the study, the researchers reviewed more than 1,800 infant deaths classified as suffocation in the Centers for Disease Control’s national Sudden Unexpected Infant Death Case Registry. The deaths occurred between 2011 and 2014, the most recent year for which data was available. All the babies were less than a year old.


Alex Jones breaks down how former President Obama and wannabe President Hillary Clinton, among other democrats, have expressed their condolences for the victims of the Sri Lankan Easter bombings yesterday, however, the two political hacks refuse to acknowledge that Christians were the real target of the attack by the Islamic extremists.

Source: InfoWars

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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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