Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Huawei criticizes U.S. pressure on Berlin over 5G tech

FILE PHOTO: The Huawei brand logo is seen above a store of the telecoms equipment maker in Beijing
FILE PHOTO: The Huawei brand logo is seen above a store of the telecoms equipment maker in Beijing, China, March 7, 2019. REUTERS/Thomas Peter

March 12, 2019

BERLIN (Reuters) – China’s Huawei on Tuesday criticized the United States for warning Berlin that it could scale back intelligence cooperation with Germany if it allows Huawei to participate in construction of a next-generation mobile network.

U.S. Ambassador Richard Grenell last week sent a letter to Germany’s Economy Minister Altmaier warning of security concerns linked to Huawei’s role in building critical infrastructure..

In an interview with business daily Handelsblatt, Huawei’s chief for West Europe, Vincent Pang, said the U.S. warning went too far. “In my opinion, a country should not use its political power to harm a commercial business,” the paper quoted him as saying.

(Reporting by Tassilo Hummel; Editing by Andrea Shalal)

Source: OANN

0 0

Kamala Harris, Cory Booker, other 2020 Dems forced to change tune on Jussie Smollett case

They say hindsight is 20/20. And that’s certainly the case for some Democratic presidential hopefuls as twists continue to emerge in the case of the alleged attack on actor Jussie Smollett.

When initial reports of the alleged incident surfaced three weeks ago, the actor said he was viciously attacked on the streets of Chicago. Reports stated that Smollett said there were two perpetrators, each wearing "Make America Great Again" hats and shouting "This is MAGA country" during the alleged assault. Smollett later refuted he made such a claim to police during an interview with "Good Morning America."

Kamala Harris, considered the early front-runner among declared candidates, was quick to condemn the alleged attack.

“.@JussieSmollett is one of the kindest, most gentle human beings I know. I’m praying for his quick recovery,” Harris tweeted on January 29.

“This was an attempted modern day lynching. No one should have to fear for their life because of their sexuality or color of their skin. We must confront this hate.”

JUSSIE SMOLLETT'S LAWYERS DENY HE PLANNED ATTACK AFTER CHICAGO POLICE CLAIM HE'S NO LONGER CONSIDERED A VICTIM IN CASE

However, the California Dem was caught off guard Monday when asked about the latest developments in the case that has seen Chicago police pour cold water on Smollett’s more explosive claims.

During an appearance at a bookstore in Concord, N.H., a female reporter asked the senator from California if she wanted to amend a tweet from Jan. 29, in which she said Smollett was the victim of "an attempted modern day lynching" and called the actor "one of the kindest, most gentle human beings I know." Harris also has used the Smollett attack to push legislation that would make lynching a federal hate crime.

"Which tweet? What tweet?" Harris asked. As the reporter specified the tweet in question, Harris appeared to look around for a campaign staffer before responding.

AL SHARPTON SAYS JUSSIE SMOLLETT SHOULD 'FACE ACCOUNTABILITY TO THE MAXIMUM' IF ATTACK WAS ORCHESTRATED 

"OK, so, I will say this about that case," she said. "I think that the facts are still unfolding, and, um, I’m very, um, concerned about obviously, the initial, um, allegation that he made about what might have happened.

CORY BOOKER 'WITHHOLDING' JUDGMENT ON SMOLLETT CASE AFTER CALLING IT 'ATTEMPTED MODERN-DAY LYNCHING'

"And it’s something we should all take seriously whenever anyone, um, alleges that kind of behavior, but there should be an investigation," Harris added. "And I think that once the investigation has concluded then we can all comment, but I’m not going to comment until I know the outcome of the investigation."

Cory Booker also slammed the perpetrators of a crime the “Empire” star claimed was fueled by racial and anti-LGBT prejudice.

“The vicious attack on actor Jussie Smollett was an attempted modern-day lynching. I'm glad he's safe,” Booker tweeted on January 29.

“To those in Congress who don't feel the urgency to pass our Anti-Lynching bill designating lynching as a federal hate crime – I urge you to pay attention.”

ROBIN ROBERTS SAYS COPS FELT JUSSIE SMOLLETT WAS CREDIBLE AT TIME OF INTERVIEW

Booker, when asked about it again on Sunday, told reporters he would "withhold" judgment on the matter "until all the information actually comes out from on-the-record sources."

Other 2020 Dems forced to walk back strong early criticisms include Sen. Kirsten Gillibrand, D-N.Y., who initially responded to reports by calling it a “sickening and outrageous attack.”

“This is a sickening and outrageous attack, and horribly, it's the latest of too many hate crimes against LGBTQ people and people of color. We are all responsible for condemning this behavior and every person who enables or normalizes it. Praying for Jussie and his family,” she tweeted on January 29.

And while not a 2020 candidate, Democrat House Speaker Nancy Pelosi was also forced to backpedal on Monday, deleting a sympathetic tweet she posted on January 29.

“The racist, homophobic attack on @JussieSmollett is an affront to our humanity. No one should be attacked for who they are or whom they love. I pray that Jussie has a speedy recovery & that justice is served. May we all commit to ending this hate once & for all,” Pelosi wrote at the time.

Reps. Alexandria Ocasio-Cortez, D-N.Y., and Maxine Waters, D-Calif., were also both highly critical of the alleged attack when reports first surfaced.

The change in tune came after a Chicago police spokesperson said over the weekend the "trajectory of the investigation" shifted and they no longer consider Smollett a victim in the case.

Meanwhile, Smollett's attorneys, Todd S. Pugh and Victor P. Henderson, are vehemently denying that the attack was a hoax.

"As a victim of a hate crime who has cooperated with the police investigation, Jussie Smollett is angered and devastated by recent reports that the perpetrators are individuals he is familiar with,” the lawyers said in a weekend statement. “He has now been further victimized by claims attributed to these alleged perpetrators that Jussie played a role in his own attack. Nothing is further from the truth and anyone claiming otherwise is lying."

Fox News' Anne Marie Riha, Mike Tobin, Alex Pappas and Samuel Chamberlain contributed to this report.

Source: Fox News Politics

0 0

Argentina’s embattled economy shrank 2.5 percent in 2018

FILE PHOTO: Employees work at industrial manufacturing company Gottert in Garin
FILE PHOTO: Employees work at industrial manufacturing company Gottert in Garin, on the outskirts of Buenos Aires, Argentina November 1, 2018. REUTERS/Marcos Brindicci

March 21, 2019

BUENOS AIRES (Reuters) – Argentina’s economy contracted 2.5 percent in 2018, the country’s statistics agency said on Thursday, as the Latin American nation struggles to revive growth after being rattled by a currency crisis and steep inflation over the past year.

The economy also shrank 6.2 percent in the fourth quarter of the year, in line with analyst forecasts, but still the weakest quarterly performance since 2009. That followed a 3.5 percent dip in the quarter before.

President Mauricio Macri said last year that the country had been battered by “endless storms” in 2018, which pulled the country into recession and saw the local peso currency lose around half its value against the dollar.

(Reporting by Jorge Iorio and Walter Bianchi; Writing by Adam Jourdan; Editing by Chizu Nomiyama)

Source: OANN

0 0

Saudi Arabia welcomes U.S. move to end all Iran sanction waivers

FILE PHOTO: Saudi Arabia's Foreign Minister Ibrahim al-Assaf attends a preparatory meeting between Arab foreign ministers ahead of the Arab summit in Tunis
FILE PHOTO: Saudi Arabia's Foreign Minister Ibrahim al-Assaf attends a preparatory meeting between Arab foreign ministers ahead of the Arab summit in Tunis, Tunisia March 29, 2019. REUTERS/Zoubeir Souissi

April 23, 2019

DUBAI (Reuters) – Saudi Arabia’s foreign minister on Tuesday welcomed a U.S. decision to end all Iran sanction waivers by May, saying it was a necessary step to halt Tehran’s “destabilizing” policy in the region.

“Saudi Arabia fully supports this step taken by the United States as it is necessary to force the Iranian regime to end its policy of destabilizing stability and its support and sponsorship of terrorism around the world,” Ibrahim al-Assaf said in comments carried on state media.

He reiterated a statement issued by the kingdom’s energy minister on Monday that the world’s largest oil exporter would coordinate with other oil producers to ensure an adequate crude supply and balanced markets after Washington’s announcement.

(Reporting by Omar Fahmy in Cairo and Tuqa Khalid in Dubai; Writing by Ghaida Ghantous; Editing by Andrew Heavens)

Source: OANN

0 0

Trump Rails Against Campaigns to Silence Fox News Hosts

Striking back against the silencing campaign attempts against Fox News hosts Judge Jeanine Pirro and Tucker Carlson, fervent rejectors of liberal ideals, President Donald Trump tweeted calls Sunday to "stay strong and fight back with vigor."

President Trump issued three tweets rejecting "the fake news media . . using every trick in the book" to silence the will of the American people who elected him and made Fox News the No. 1-watched news programs.

"Bring back @JudgeJeanine Pirro," President Trump's tweetstorm began. "The Radical Left Democrats, working closely with their beloved partner, the Fake News Media, is using every trick in the book to SILENCE a majority of our Country. They have all out campaigns against @FoxNews hosts who are doing too well. Fox . . .

". . . must stay strong and fight back with vigor," President Trump continued. "Stop working soooo hard on being politically correct, which will only bring you down, and continue to fight for our Country. The losers all want what you have, don't give it to them. Be strong & prosper, be weak & die! Stay true . . .

". . . to the people that got you there," President Trump concluded. "Keep fighting for Tucker, and fight hard for @JudgeJeanine. Your competitors are jealous – they all want what you've got – NUMBER ONE. Don't hand it to them on a silver platter. They can't beat you, you can only beat yourselves!"

Judge Jeanine's program did not air Saturday night, and she has not tweeted for a week, after Fox News condemned remarks she made against Rep. Ilhan Omar, D-Minn., at the start of her March 9 episode, as Mediaite reported.

Carlson, meanwhile, has frequently faced attacks for his political positions on immigration and one-time remarks to a shock-jock radio host.

Source: NewsMax Politics

0 0

Watch Live: Democrats Attempt to Break the Law and Release Grand Jury Testimony of Mueller Investigation

Super Male Vitality

Limited Advanced Release

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Super Male Vitality

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

Source: InfoWars

0 0

Witness: Many dead in New Zealand mosque shooting

A witness says many people have been killed in a mass shooting at a mosque in the New Zealand city of Christchurch.

Police have not described the scale of the Friday shooting but urged people in central Christchurch to stay indoors.

Witness Len Peneha says he saw a man dressed in black enter the Masjid Al Noor mosque and then heard dozens of shots, followed by people running from the mosque in terror.

He says he also saw the gunman flee before emergency services arrived

Peneha says he went into the mosque to try and help: "I saw dead people everywhere."

Source: Fox News World

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

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

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

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

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

School authorities instituted a similar measure in 2016.

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

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

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

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

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

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

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

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

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

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist