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Uncovering Iran’s sanctions-busting sale of fuel oil on the high seas

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf
FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

March 28, 2019

By Roslan Khasawneh

SINGAPORE (Reuters) – It was a quiet day in January, and many oil traders were still on holiday, when two sources in the industry called to alert me to something unusual – a supertanker that had gone off radar for two weeks appeared off the coast of the United Arab Emirates and was pumping out fuel oil to two smaller vessels.

The sources said it appeared that the supertanker was selling Iranian oil in violation of U.S. sanctions. If confirmed, the sale would shine a rare light on how traders and shippers were evading the sanctions.

My first task was to identify and monitor the vessels involved. I called up satellite data offered by Refinitiv, a sister company of Thomson Reuters, that show the movements of ships around the world.

I also reached out to three other institutions that track the passage of ships and confirmed that the supertanker, the Grace 1, had its Automatic Identification System, or transponder, switched off between Nov. 30 and Dec. 14, 2018, meaning its location could not be tracked.

The transponder is an instrument that all large commercial ships are required to keep on, to pinpoint their location. However, it’s difficult to police vessels that switch it off on the high seas.

The satellite data showed the supertanker re-appearing in waters near Iran’s port of Bandar Assaluyeh. The data also includes the ship’s draught – how deep a vessel sits in water – and it was near maximum at the time, indicating its cargo tanks were full.

The Grace 1 then lined up next to two smaller tankers between Jan. 16 and Jan. 22 in waters offshore Fujairah in the UAE, the data showed. When both left the area, their cargos were full.

Following tankers via satellite images wasn’t enough, however. I contacted the companies managing the Grace 1 and the two smaller vehicles.

Reuters also mobilized journalists in Baghdad and Tripoli in Libya to talk directly to ship managers, port officials and shipping agents about the transactions.

NO RESPONSE

The Grace 1, a Panamanian-flagged tanker, is managed by Singapore-based shipping services firm IShips Management Pte Ltd, according to shipping data. IShips did not respond to several requests for comment via email or phone.

I visited the Singapore office listed on IShips’ website but was told by the current tenant that the company had moved out two years earlier.

The manager of Kriti Island, one of the smaller vessels, e-mailed me a document, the Certificate of Origin, showing the oil was loaded from the port of Basra in Iraq.

The next step was go to Iraq to establish the authenticity of the document.

An official from Iraq’s state oil marketer SOMO told Ahmed Rasheed, a Baghdad-based Reuters correspondent, the document was “faked” and “completely wrong”. The official declined to be identified by name, citing the marketer’s communications policy.

Two other Iraqi oil industry sources with direct knowledge of Basra port and oil industry operations also told Rasheed the document was forged.

The two sources said the document bore the signature of a manager who was not working at Basra port on the stated dates. The document also contained contradictory dates: It indicated a loading period of Dec. 10 and 12, 2018 but a sign-off date for the transaction of 11 months earlier, at Jan. 12, 2018.

Basra port loading schedules reviewed by Reuters did not list the Grace 1 as being in port between Dec. 10-12.

Major oil traders form a small group and soon talk was spreading that Reuters was investigating the Grace 1 transactions.

Reuters received several unsolicited calls, text messages, and even a legal notice by e-mail aimed at preventing the publication of such an article.

After many more checks and clearance by our legal advisers, the article uncovering Iranian fuel oil shipments despite U.S. sanctions was published on March 20, two months after the first chatter of such trades. The story was among the most read on the day by Reuters clients and it was widely circulated by media customers.

Two days later, a U.S. State Department official said Washington was investigating and that it reserved the right to take action against any person helping Iran evade U.S. sanctions on energy shipments.

(Reporting by Roslan Khasawneh; Editing by Henning Gloystein and Raju Gopalakrishnan)

Source: OANN

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Maria Bartiromo to Trump: McCain's 'Dead, Can't Punch Back'

There were some tense moments during an interview President Donald Trump did with Fox Business Network's Maria Bartiromo regarding his continued bashing of the late Sen. John McCain.

Bartiromo sat down with Trump on Thursday for an interview that will air Friday morning. The network released snippets of the interview, including a part about Trump's ongoing feud with McCain — the Republican senator, war hero, and former POW who died last August following a battle with brain cancer.

"You spent a good portion of your time in Ohio the other day trashing John McCain," Bartiromo said. "Sen. John McCain is dead. Why are you doing this?"

Trump replied, "It's not a good portion of my time, it's a very small portion. But if you realize, about three days ago, it came out that his main person gave to the FBI the fake news dossier. It was a fake, it was a fraud, it was paid for by Hillary Clinton and the Democrats. They gave it to John McCain, who gave it to the FBI for very evil purposes. That's not good.

"And the other thing, he voted against repeal and replace [Obamacare]. Now, he's been campaigning for years for repeal and replace. I'm not a fan. After all of this time, think of this. Repeal and replace. We would've had great healthcare."

Bartiromo then pushed back, reiterating the point McCain is no longer living.

"But Mr. President, he's dead. He can't punch back. I know you punch back, but he's dead," she said.

Trump then got more defensive, saying, "I don't talk about it. People ask me the question. I didn't bring this up. You just brought it up. You asked the question."

Bartiromo interjected and replied, "You talked about it this week."

Trump then repeated his point about the press asking him about McCain rather than him bringing up the topic — despite the fact Trump tweeted disparaging remarks about McCain last weekend and also spoke ill of him, unprompted, during a speech Wednesday.

"You asked me the question. When I went out yesterday to the [press] scrum, they asked me the question. When they ask me the question, I answer the question. But you people bring it up, I don't bring it up," Trump told Bartiromo.

"I'm not a fan, he was horrible what he did with repeal and replace. What he did to the Republican Party and to the nation and to sick people that could've had great healthcare was not good. So I'm not a fan of John McCain, and that's fine."

Source: NewsMax Politics

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Trump: Haven’t spoken to attorney general on releasing Mueller report

U.S. President Trump meets with China's Vice Premier Liu He at the White House in Washington
U.S. President Donald Trump speaks during a meeting with China's Vice Premier Liu He in the Oval Office at the White House in Washington, U.S., February 22, 2019. REUTERS/Carlos Barria

February 22, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he has not spoken to Attorney General William Barr about releasing the report on the special counsel’s probe on possible Russian election interference.

Several news outlets have reported that Special Counsel Robert Mueller will complete the report on the probe, which has already led to criminal charges of some Trump political aides, and send it to Barr in the coming days. Democratic lawmakers are already pressing for the report to be publicly released in full. Trump, a Republican, and Russia deny any election meddling.

(Reporting by Lisa Lambert and Jeff Mason; Editing by Jeffrey Benkoe)

Source: OANN

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Rwandan rebel group spokesman faces terrorism-related charges in Kigali court

FDLR spokesperson, La Forge Fils Bazeye who was deported by the Democratic Republic of Congo to Rwanda is led away by Rwandan security members after appearing on charges of terror related accusations in a court Kigali
FDLR spokesperson, La Forge Fils Bazeye who was deported by the Democratic Republic of Congo to Rwanda is led away by Rwandan security members after appearing on charges of terror related accusations in a court Kigali, Rwanda April 8, 2019. REUTERS/Clement Uwiringiyimana

April 8, 2019

By Clement Uwiringiyimana

KIGALI (Reuters) – A Rwandan court filed terrorism-related charges against the spokesman for the FDLR rebel group on Monday, two months after his deportation from neighboring Democratic Republic of Congo.

The FDLR is composed of former Rwandan soldiers and ethnic Hutu militiamen who fled into lawless eastern Congo after the massacre of around 800,000 Tutsis and moderate Hutus during Rwanda’s genocide in 1994.

Nkaka Ignace, who also goes by the alias La Forge Bazeye, and an FDLR co-defendant, Jean-Pierre Nsekanabo, were charged at their first appearance in a Kigali court with six offences including membership of a terrorist group, taking part in terrorist activities and inciting others to commit terrorism.

“I confess to some of the charges but deny others,” Ignace told Judge Justin Nshimiyimana, adding he had been influenced by superiors in FDLR, whom he did not name, into plotting to topple President Paul Kagame’s government.

“I apologize for having been given negative information about Rwanda,” Ignace told the court.

Prosecutors said the two had “played a direct role in attacks”, which they did not specify, carried out by FDLR both in Rwanda and Congo.

In December, two Rwandan soldiers and an unknown number of rebels were killed when a group of attackers crossed into Rwanda from Congo, Kagame told reporters at the time.

Prosecutors said Ignace and Nsekanabo, identified as an intelligence officer in FDLR, had traveled to neighboring Uganda in January to meet representatives of another anti-Kigali rebel group, the Rwanda National Congress (RNC).

RNC is led by some of Rwanda’s most prominent dissidents including South Africa-based Kayumba Nyamwasa.

Rwanda has accused Uganda of supporting its dissidents. Early this year Rwanda closed its border with Uganda, disrupting regional trade and sparking tensions.

The two accused asked the court to free them on bail and a ruling on their application will be delivered on Wednesday.

(Writing by Elias Biryabarema; Editing by Mark Heinrich)

Source: OANN

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Sara Carter: Adam Schiff Is ‘In A Panic’

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In an appearance Monday night on Fox News’ “Hannity,” investigative journalist Sara Carter said that Adam Schiff, the biggest leaker in Washington and chairman of the House intelligence committee, is in a panic.

Hannity asked Carter if she could named some of the false stories and claims which Schiff has pushed during the course of the Russia witch hunt investigation.

“He’s pushed so many false stories, and there’s been so much happening on the hill. And now he’s in a panic because he knows that the Mueller report will come out and he’s trying to prepare for that, because he knows it’s not what he needs,” Carter said. “So it’s like we throw the rule of law at the window because his target is President Trump, no matter what. He keeps pushing this false narrative that there was collusion or conspiracy between the Trump campaign and Russia and now he is desperate.”

“He should come on your show and talk about these facts and known facts with you, to everyone,” she added, referring to a suggestion from HBO’s Bill Mahr that Schiff appear on Hannity. “He shouldn’t just put himself in a bubble away from the whole entire country. If he wants to get his point across he can come here. And if he truly believes that, if he truly believes what he’s saying, he will come on your and if he doesn’t, he won’t show up.”

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Bill de Blasio corrects Ocasio-Cortez's claim about spending Amazon tax break money

New York City Mayor Bill de Blasio suggested on Sunday that critics of the potential Amazon campus New York City — such as Democratic Rep. Alexandria Ocasio-Cortez — got the facts wrong over the money behind the tax breaks.

On Sunday morning, de Blasio responded in the affirmative when Chuck Todd of NBC News’ “Meet the Press” asked if the tax breaks offered to Amazon weren’t “money you had over here. And it was going over there.”

The Democratic mayor said: “And that $3 billion that would go back in tax incentives was only after we were getting the jobs and getting the revenue.”

“There’s no money — right,” de Blasio added.

Amazon had chosen the Long Island City neighborhood of Queens to build a $2.5 billion campus that could house 25,000 workers, in addition to new offices planned for northern Virginia.

“If we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that money, if we wanted to,” Ocasio-Cortez said last week after the technology giant announced on Thursday that it had dropped plans to build the new headquarters in America’s largest city amid pressure from politicians and activists.

AMAZON BLASTS OCASIO-CORTEZ, SAYS ‘WE DON’T WANT TO WORK IN THIS ENVIRONMENT IN THE LONG TERM’

The mayor also noted to Todd that the deal could have been a way for progressive leaders to show a balance on economic issues.

“I have no problem with my fellow progressives critiquing a deal or wanting more from Amazon — I wanted more from Amazon, too,” de Blasio said. “The bottom line is, this was an example of an abuse of corporate power. They had an agreement with the people of New York City.”

He added: “They said they wanted a partnership, but the minute there were criticisms, they walked away. What does that say to working people, that a company would leave them high and dry, simply because some people raised criticism?”

The city was eager to lure the company and its thousands of high-paying technology jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange in November.

De Blasio and Democratic Gov. Andrew Cuomo said the $2.8 billion in tax breaks and subsidies they were offering Amazon would result in $27 billion in tax revenue. The governor and the mayor had argued that the project would spur economic growth that would pay for the $2.8 billion in state and city incentives many times over.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.

CLICK HERE TO GET THE FOX NEWS APP

Cuomo lashed out at fellow New York politicians over Amazon’s change of heart, saying the project would have helped diversify the city’s economy, cement its status as an emerging hub of technology and generate money for schools, housing and transit.

“A small group (of) politicians put their own narrow political interests above their community,” he said.

Fox News’ Andrew O’Reilly and The Associated Press contributed to this report.

Source: Fox News Politics

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Ky. Police: Man Pulled Gun on Couple Wearing MAGA Hats

Kentucky Police say a Tennessee man pulled a gun on a couple wearing "Make America Great Again" hats, The Lexington Herald-Leader reports.

James Phillips, 59, was charged with wanton endangerment after witnesses told police he pulled a gun on Terry Pierce and his wife, Cherrie, at a Sam's Club in Bowling Green, Kentucky.

Pierce and Phillips gave different accounts of what took place last Saturday.

Phillips said he flipped off the Pierces for "solely wearing the hats," according to the arrest citation. Surveillance footage shows Tony Pierce coming up behind Phillips and putting his hands in his face.

Multiple witnesses said Phillips then pulled a gun on Pierce inside the store.

Pierce told WBKO  for Phillips to "pull the trigger. Put the gun down and fight me or pull the trigger. Whichever one you want."

Phillips, then told him, "It's a good day for you to die," according to the report.

Pierce said he followed Phillips out to the parking lot to confront him.

"I went out the front of the store to confront him again, and that's when I got him in his car," Pierce said. "He couldn't leave because his mother was still in the store. And we were having a verbal altercation outside.

"He tried telling me I assaulted him and I said, 'I never touched you,'" he added.

Police say Phillips had a Glock .40 caliber with a round chambered in his back pocket.

Source: NewsMax America

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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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