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Australian, New Zealand students kick off global climate change strike

Students are seen during the global school strike for action on climate change outside New Zealand's parliament in Wellington
Students are seen during the global school strike for action on climate change outside New Zealand's parliament in Wellington, New Zealand, March 15, 2019. AAP Image/Boris Jancic/via REUTERS

March 15, 2019

By Charlotte Greenfield and Tom Westbrook

WELLINGTON/SYDNEY (Reuters) – Thousands of school students walked out of class across Australia and New Zealand on Friday as part of a global student strike against government inaction on climate change.

“Climate change is worse than Voldemort”, read one student’s handmade sign in Wellington, referring to the evil wizard in the hugely popular Harry Potter books and films. “The oceans are rising, so are we,” read another in Sydney.

Student protests were held in capitals and cities across Australia and New Zealand from Wellington to Melbourne and Sydney, drawing tens of thousands of people, with more planned through Europe, Asia and the United States later on Friday.

The marches are part of a worldwide student strike movement, which started in August 2018 when 16-year-old Swedish climate activist Greta Thunberg began protesting outside her parliament on school days. Norwegian lawmakers have nominated her for the Nobel Peace Prize.

“If we don’t do something, it’ll be our lives affected, not the 60-year-old politicians,” said Sydney student Callum Frith, 15, who was wearing his school uniform. “We need action.”

Elsewhere in Asia Pacific, around 60 students protested at Thailand’s government house in Bangkok, holding cardboard signs to campaign against plastic. Thailand is one of the world’s top marine plastic polluters.

“As youths who will inherit the land, we gather here to demand that the government work with us to solve these problems,” said 17-year-old Thiti Usanakul of student-led group Grin Green International in a speech.

The group was later invited to meet with officials at the Ministry of Natural Resources and Environment in two weeks.

More than 100 students planned to gather in Seoul for a protest. In Singapore, where there are strict laws regulating public assembly, youths planned a virtual campaign on social media.

“The government just needs to change some things, which is why if we go on strike on a school day then they’ll notice and they might actually do something about it,” said 14-year-old New Zealand student Inese, who did not want her surname made public.

New Zealand Prime Minister Jacinda Ardern, who has pledged NZ$100 million ($68 million) to reduce greenhouse gas emissions, supports to the student strikes, saying teenagers should not wait until they were old enough to vote to use their voice.[L3N21013U]

That contrasts with politicians in Australia and Britain who have rebuked them for cutting class.

“For action on issues that they think is important, they should do that after school or on weekends,” Australia’s Minister for Education Dan Tehan told reporters ahead of protests in Melbourne.

Wellington parent Alex, who marched beside his 11-year-old son, disagreed. “It’s a much better day of education…this is the greatest issue of our time,” he said.

Scientists say the burning of fossil fuels such as coal, releases greenhouse gases that trap heat and lift global temperatures, causing more floods, droughts, heatwaves and rising sea levels.

At the 2015 Paris climate conference, countries pledged to work to limit the rise to 2 degrees Celsius (35 Fahrenheit), a step that will require a radical reduction in the use of coal and fossil fuels.

(Reporting by Charlotte Greenfield in Wellington, Tom Westbrook in Sydney and Sonali Paul in Melbourne. Additional reporting by Jane Chung in Seoul, Aradhana Aravindan in Singapore and Patpicha Tanakasempipat in Bangkok; Editing by Michael Perry and Sam Holmes)

Source: OANN

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Sri Lanka attacks death toll rises to 290, about 500 wounded: police

Security personnel stand guard outside a church after a bomb blast in Negombo
Security personnel stand guard outside a church after a bomb blast in Negombo, Sri Lanka April 21, 2019. REUTERS/Stringer NO RESALES. NO ARCHIVES.

April 22, 2019

COLOMBO (Reuters) – The death toll from attacks on churches and luxury hotels across Sri Lanka rose significantly to 290, and about 500 people were also wounded, police said on Monday.

The death toll overnight had stood at 207. Police spokesman Ruwan Gunasekera declined to give a breakdown of those killed and wounded at each of the three churches and four hotels hit on Sunday, attacks that marked the most significant violence since a bloody civil war ended 10 years ago.

A government source said President Maithripala Sirisena, who was abroad when the attacks happened, had called a meeting of the National Security Council early on Monday. Prime Minister Ranil Wickremesinghe would attend the meeting, the source said.

(Reporting by Sanjeev Miglani; Editing by Paul Tait & Simon Cameron-Moore)

Source: OANN

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Turkey's Erdogan condemns New Zealand mosque attack

Turkish President Recep Tayyip Erdogan has condemned the attacks on mosques in the New Zealand city of Christchurch calling it the "latest example of rising racism and Islamophobia."

Tweeting in English and Turkish on Friday, Erdogan said: "On behalf of my country, I offer my condolences to the Islamic world and the people of New Zealand, who have been targeted by this deplorable act."

He also wished a speedy recovery to the wounded.

New Zealand Prime Minister Jacinda Ardern has said 40 people were killed in the attack on two mosques.

Turkey's private NTV news channel quoted Turkish embassy officials as saying there are no Turkish citizens among the dead.

Source: Fox News World

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VW has no plan to produce electric vehicles in Brazil in next few years

Worker makes final checks on a VW e-Golf electric car in Dresden
A worker makes final checks on an e-Golf electric car at the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany March 30, 2017. REUTERS/Fabrizio Bensch

March 26, 2019

SAO PAULO (Reuters) – Volkswagen AG does not plan to produce electric or hybrid vehicles in Brazil in the next few years, although it will begin importing them this year, its top executive for South America Pablo Di Si told reporters on Tuesday.

Brazil was one of the world’s largest auto markets until a recent economic downturn and remains a significant base for many automakers. The Brazilian market relies heavily on ethanol, a biofuel that receives incentives from the government and which has been embraced by the local auto industry.

(Reporting by Marcelo Rochabrun; Editing by Susan Thomas)

Source: OANN

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Trump to make state visit to UK in June

U.S. President Donald Trump attends the 2019 White House Easter Egg Roll
U.S. President Donald Trump smiles as children color cards for military members beside him, during the 2019 White House Easter Egg Roll on the South Lawn of the White House in Washington, U.S., April 22, 2019. REUTERS/Al Drago

April 23, 2019

LONDON (Reuters) – President Donald Trump has accepted Queen Elizabeth’s invitation to make a state visit to Britain in June, Buckingham Palace said on Tuesday.

Trump and his wife Melania will make the trip from June 3-5, the palace said, adding that further details would be announced in due course.

Trump will hold a meeting with British Prime Minister Theresa May in Downing Street and the trip also coincides with events to mark the 75th anniversary of the D-Day landings during World War Two.

“The UK and United States have a deep and enduring partnership that is rooted in our common history and shared interests,” May said in a statement.

“The State Visit is an opportunity to strengthen our already close relationship in areas such as trade, investment, security and defense, and to discuss how we can build on these ties in the years ahead.”

(Reporting by Michael Holden; Editing by William Schomberg)

Source: OANN

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Would a political Fed rescue the world?

FILE PHOTO: FILE PHOTO: FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo/File Photo/File Photo

April 14, 2019

By Howard Schneider

WASHINGTON (Reuters) – As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.

The “swap lines” that the Fed quickly approved helped ease intense financial stress in foreign markets, but also showed the U.S. central bank was prepared to stand behind the global system.

Would an “America First” Fed do the same?

The question is suddenly relevant for global economic officials and central bankers after moves by President Donald Trump to put two strong partisans on the Federal Reserve board.

Both economic commentator Stephen Moore and businessman Herman Cain have been critical of Fed policies, and Moore in particular has opposed the extraordinary measures employed to stabilize the economy through the deepest crisis since the Great Depression.

Should Trump shape a Fed that answers first to his politics, it could roil the landscape for other central banks, and for a dollar-dependent world financial system whose fortunes can swing dramatically based on Fed decisions.

“I’m certainly worried about central bank independence in other countries, especially … in the most important jurisdiction in the world,” said European Central Bank President Mario Draghi, in Washington for spring meetings of the International Monetary Fund and World Bank.

SENSITIVE MOMENT

Trump’s decision to consider close political allies for the central bank comes at a sensitive moment for the world economy and the IMF. Fund Managing Director Christine Lagarde last week asked member countries to strive to “do no harm,” yet its largest shareholder, the United States, has become a concern.

Trump’s ongoing trade battles have been cited as a reason global growth is slowing, and the idea of a Fed stacked with officials looking first at the U.S. political calendar has overseas central bankers nervous.

The IMF has commended the steady evolution of Fed policy under chairman Jerome Powell, but Trump has demanded he cut rates and Moore has endorsed the idea.

The actions of one central bank often impacts the economies of other nations. But the rule of thumb is to set policy as much as possible on the basis of detached analysis, not to gain a short-term trade or political advantage.

If the Fed were to cut rates to counter a U.S. slowdown, it would be one thing. But juicing a mostly healthy economy to make Trump look good would send a bad signal – and hurt countries that are grappling with their own economic problems.

Lower rates could weaken the dollar, boosting U.S. exports and appealing to a core Trump campaign aim of expanding U.S. manufacturing jobs. But it would make it harder for the Bank of Japan to follow its own strategy of targeting specific levels for long-term bond yields, and undercut growth in Europe that the European Central Bank is trying to support. Emerging markets could see destablizing capital flows.

“Can a politicized Fed be relied on to do what it did in 2008, when it was lender of last resort for the world? You would really have to worry about this – that rather than be the strongest proponent of stability, the Fed all of a sudden becomes an agent of instability,” said Jacob Funk Kirkegaard, a senior fellow at the Peterson Institute for International Economics.

Already some of Trump’s policies have European financial leaders thinking about ways to boost the euro as a reserve currency on views the oversized influence of the dollar in global markets leaves Europe vulnerable to U.S. political decisions.

POOR HISTORY FOR POLITICIZED FED

Both Moore and Cain have yet to be nominated formally, and Cain’s prospects look bleak. Fed governors must be approved by the U.S. Senate, and enough Republican lawmakers have come out against Cain to scuttle his chances.

Moore, meanwhile, has sent mixed signals about his policies, but in general has criticized the Fed flooding markets with dollars during the crisis and its aftermath. He has favored tying the Fed to a strict rule, based on commodity prices. Critics of rule-based monetary policy cite its lack of flexibility to respond to unexpected events.

The Fed has had deeply political governors before, perhaps most notably in the 1980s when a group loyal to then-President Ronald Reagan opposed policy set by then-Chairman Paul Volcker, said William English, the former head of the Fed’s monetary affairs division and now a professor at Yale.

They didn’t succeed, English said, evidence of the influence of a strong Fed chair and of the limits an individual governor has in an institution with a strong technocratic bent, and on a policy panel that at peak strength includes 19 people. Twelve of them, moreover, are appointed by regional banks outside the president’s reach.

But before Volcker, he said, the Fed did mold policy around the demands of Presidents Lyndon Johnson and Richard Nixon, and arguably contributed to the runaway inflation of the 1970s.

“We did that experiment…The outcome was bad,” he said.

For the IMF and other global institutions, there’s a broader issue if the world’s dominant economy steers away from the norms recommended for other countries, as the Trump administration has already done on trade. Whether it is the potential for unhindered government borrowing or a politicized central bank, the United States may be writing a script that other, less resilient countries, may be tempted to follow.

“The Fund likes to live in a world….where all of its members are treated evenhandedly,” said Nathan Sheets, former under secretary of the Treasury for international affairs and now chief economist at PGIM Fixed Income. If the United States starts opening the Fed to partisan politics or shifting away from other norms, “that is a risk for them.”

(Additional reporting by Balazs Koranyi; Editing by Andrea Ricci)

Source: OANN

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New York DA Knew Clinton Pal Epstein Was “Dangerous Pedophile” While Arguing For Leniency

Since the Miami Herald exposed the sweetheart deal given to billionaire sex offender Jeffrey Epstein, a wealthy financier who fraternized with Bill Clinton, Kevin Spacey, lawyer Alan Dershowitz and other famous and powerful people, his victims and their attorneys have renewed their push to have documents from the case that led to his 2008 conviction unsealed.

Now, the New York Post has obtained some of these documents after a lengthy court battle. And the revelations contained within were nothing short of shocking.

Ep

After Epstein was convicted by federal prosecutors in Florida for soliciting sex with an underage girl, the billionaire was forced to register as a sex offender in New York, where he owned a home on the Upper West Side.

But just as Alex Acosta, the US attorney responsible for overseeing the Epstein case (now Trump’s Secretary of Labor), negotiated an incredibly lenient punishment for Epstein (he spent a year in jail), the Manhattan DA’s office was also suspiciously accommodating. When he appeared for a hearing on his sex offender status, the DA was ready to assign him the lowest Sex Offender designation possible, despite possessing overwhelming evidence that he was a dangerous predator who merited the most restrictive penalties.

The DA’s office had been provided an assessment from the state that delved into the allegations against Epstein (allegations for which he escaped punishment) had sexual contact with “numerous” underage girls ranging from 14 to 17. The board assigned Epstein a score of 130 on its risk assessment scale, solidly above the 110 threshold to be categorized as a “level 3” offender.

In advance of the hearing, then-deputy chief of Sex Crimes, Jennifer Gaffney, had been given a confidential state assessment that deemed Epstein to be highly dangerous and likely to keep preying on young girls, the DA’s office admitted in its own appellate brief eight months after the hearing.


Norm Pattis joins Alex Jones live via Skype to talk about the hate crimes Candace Owens faced while she was seventeen, and still in high school, when he represented her as her lawyer and won the case.

The brief has been sealed since 2011, but The Post obtained it Thursday after suing to get it unsealed.

It describes a state assessment’s findings that Epstein should be monitored in New York as a level three offender —-reserved for the most dangerous.

In making its assessment, the NY state Board of Examiners of Sex Offenders evaluated the sworn, corroborated accounts of numerous young girls who had been lured into Epstein’s Palm Beach, Fla., compound in 2005 and 2006.

Girls aged 14 to 17 years old were recruited and paid $200 to $1,000 to give Epstein erotic massages that included sexual contact, intercourse and rape, Palm Beach cops found.

Epstein pleaded guilty in Palm Beach to abusing just one of these young victims, and was required to register as a sex offender in New York since he had an Upper East Side home.

Manhattan prosecutors were aware the state board had assigned Epstein a risk assessment of 130, a number that is “solidly above the 110 qualifying number for level three,” with “absolutely no basis for downward departure,” the brief notes.

Despite this findings, New York’s lead sex crimes prosecutor recommended that Epstein be given the lowest threat designation, which would see him avoid the sex offender registry.

Fortunately, a Manhattan Supreme Court Justice overruled the DA office’s decision, and Epstein was branded a level 3 offender, and remains on the sex offender registry to this day.

Nevertheless, Gaffney argued that he should be labeled a level one offender, the least restrictive, which would keep him off the online database.

Manhattan Supreme Court Justice Ruth Pickholz sided with the board and against Gaffney in designating Epstein a level three offender.

Epstein appealed, and the DA’s change-of-heart brief agreeing that Epstein deserved the highest level of monitoring was filed in opposition to that appeal.

The appellate division ultimately upheld that Epstein be monitored as a level three offender, and he remains on the registry.

A spokesman for DA Cyrus Vance Jr. insisted the attorney, who was recently embroiled in a scandal over his cozy relationship with Harvey Weinstein’s lawyer, even accepting campaign contributions from the man, said Vance was unaware of the hearing.

But it’s difficult to imagine that the “orgy island” billionaire was able to simply skate by on good looks and charm.

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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