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BlackRock cut CEO Larry Fink’s pay by 4.3% percent in 2018: filing

FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York
FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton/File Photo

April 12, 2019

NEW YORK (Reuters) – BlackRock Inc, the world’s largest asset manager, cut total compensation for chairman and chief executive officer Larry Fink by 4.3% in 2018, according to a filing on Friday.

Fink was awarded $26.5 million in compensation last year, compared to $27.7 million in 2017, based on a calculation of his pay in line with U.S. Securities and Exchange Commission guidelines.

Going by a set of calculations BlackRock prefers, Fink’s total compensation for the year fell by 14% to $24 million. The figures differ because BlackRock reports some incentive pay in a different year.

(Reporting by Saqib Iqbal Ahmed; Editing by Chizu Nomiyama)

Source: OANN

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Three More Women Accuse Biden Of ‘Inappropriate Touching’

Mere hours after Joe Biden published a video where he vowed to be “more respectful” toward women after a controversy over his history of “inappropriate” physical contact with women exploded onto the front pages, three more women have come forward to the Washington Postto share their owns stories about their encounters with the former Veep, bringing the total number to seven.

All three women told WaPo that Biden’s unwillingness to apologize for his behavior in his grand mea culpa video had offended them, and said it had become clear that Biden was “struggling to understand” exactly why his actions were inappropriate. This isn’t about sexual assault, one woman said, it’s about power dynamics between men and women.

Biden

Vice President Biden with Sofie Karasek, one of three women who spoke with the Washington Post.

One woman described how Biden had touched his forehead to hers during a widely photographed moment that she said was “kind of inappropriate.”

Vail Kohnert-Yount said she was a White House intern in the spring of 2013 and one day tried to exit the basement of the West Wing when she was asked to step aside so Biden could enter. After she moved out of the way, she said, Biden approached her to introduce himself and shake her hand.

“He then put his hand on the back of my head and pressed his forehead to my forehead while he talked to me. I was so shocked that it was hard to focus on what he was saying. I remember he told me I was a ‘pretty girl,'” Kohnert-Yount said in a statement to The Post.

She described feeling uncomfortable and embarrassed that Biden had commented on her appearance in a professional setting, “even though it was intended as a compliment.”

“I do not consider my experience to have been sexual assault or harassment,” she stated, adding that she believes Biden’s intentions were good. “But it was the kind of inappropriate behavior that makes many women feel uncomfortable and unequal in the workplace.”

Another woman described meeting Biden when he introduced Lady Gaga at the Oscars in 2016. She was part of a group of sexual assault victims who appeared with the singer. When she met Biden after the ceremony, he once again did the forehead touching thing – one of his signature moves – in front of a bevy of cameras.

The most recent encounter described to The Post took place in 2016.

Sofie Karasek was part of a group of 51 sexual assault victims who appeared onstage at the Oscars with Lady Gaga that year; Biden had introduced the singer’s performance.

Karasek said as she met Biden after the ceremony, she was thinking about a college student who had been sexually assaulted and recently died by suicide. She decided to share the story with the then-vice president, and Biden responded by clasping her hands and leaning down to place his forehead against hers, a moment captured in a widely circulated photograph.

Karasek said she appreciated Biden’s support but also felt awkward and uncomfortable that his gesture had left their faces suddenly inches apart. She said she did not know how to respond to, as she described it, Biden crossing the boundary into her personal space at a sensitive moment.

Someone printed her the photo of that moment, which Karasek framed and put on a shelf, but later took it down as the #MeToo movement began drawing more attention to cases of sexual harassment, assault and unwanted touching.

The third woman was a Democratic staffer during the 2008 campaign. She met Biden at a reception for 50 people that she helped organize. She described how Biden delivered an unwanted hug that lasted “for a beat too long.”


Alex Jones breaks down how the crisis in Venezuela could trigger a world war as other nations choose sides in the country’s democratic dispute, and he shows how the socialist nightmare is connected to the complete collapse of the United States’ southern border as people flee north from South America.

She now runs a nonprofit that fights sexual harrassment and said she felt duty bound to speak up.

The third woman to speak with The Post recalled meeting Biden for the first time during the 2008 election cycle.

Ally Coll said she was a young Democratic staffer helping run a reception of about 50 people when Biden entered the room. She said she was then introduced to Biden, who she said leaned in, squeezed her shoulders and delivered a compliment about her smile, holding her “for a beat too long.”

Coll, who runs the Purple Campaign, a nonprofit group that fights sexual harassment, said she felt nervous and excited about meeting Biden at the time and shrugged off feelings of discomfort. She says now that she felt his alleged behavior was out of place and inappropriate in the context of a work situation.

“There’s been a lack of understanding about the way that power can turn something that might seem innocuous into something that can make somebody feel uncomfortable,” said Coll, who consults with companies about their workplace policies.

In Biden’s defense, one woman who spoke with WaPo said the touching foreheads maneuver was a common gesture Biden employs with men and women (probably to try and convey, in pictures, that he’s a genuine “tactile” politician).

But with Biden reportedly set to declare his candidacy before the end of the month, his campaign-in-waiting has been thrown into disarray, and his top advisors are searching for scapegoats in the crowded field of Democratic rivals vying for the 2020 nomination.

If this report makes one thing clear, it’s that this scandal isn’t going away. And before it’s over, Biden, who is also facing renewed backlash over his role in the Anita Hill hearings, when he led the Senate committee that interrogated her, might find support for his candidacy has significantly diminished.

However, he has had one unexpected defender throughout all of this: President Trump, who has said Biden shouldn’t apologize.

Maybe the president is working with Biden’s rivals, too?

Source: InfoWars

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White House: Dem Probe Into Security Clearances ‘Shameful’

Attempts by House Democrats to investigate the White House's security clearance process is "dangerous" and "shameful," White House press secretary Sarah Huckabee Sanders told reporters Tuesday.

Sanders insisted Democrats are "putting the 3 million people that do have a security clearance at risk. If you [pull] one individual, you're putting all 3 million people's personal information at risk."

She did not further explain why a probe by Democrats would put in jeopardy the data of so many government employees and contractors, according to The Hill.

Sanders' comments came after a White House whistleblower told Congress on Monday dozens of rejected security clearance applications were overturned by the Trump administration, resulting in "grave" security risks, the BBC reported.

Tricia Newbold, an 18-year-veteran White House security adviser, testified to the Democratic-led House Oversight and Reform Committee, which is looking into how top White House officials were approved for clearances despite objections from career security officials.

Sanders said the White House has "cooperated" with the committee by giving them information on the general clearance process, but Chairman Elijah Cummings, D-Md., said the White House has prevented requests for information on clearances for specific individuals.

Source: NewsMax America

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Swiss set to approve tax overhaul in ‘existential’ vote

General view shows the eastern Swiss Alps, Lake Zurich and the city of Zurich
A general view shows the eastern Swiss Alps, Lake Zurich and the city of Zurich, Switzerland January 29, 2019. REUTERS/Arnd Wiegmann

April 5, 2019

By John Revill

ZURICH (Reuters) – Nearly two-thirds of Swiss voters look set to approve a shake-up of the country’s corporate tax system, heading off what its finance minister called an existential threat to Switzerland’s role as a business hub.

Around 62 percent of respondents will vote yes in the tax reform and pension finance referendum, according to a Tamedia poll published on Friday, defusing a long-running row over favorable Swiss tax rates for multinational corporations.

The May 19 vote takes place under Switzerland’s system of direct democracy.

Acceptance is vital to prevent the country being branded a low-tax pariah, Finance Minister Ueli Maurer said.

“For Switzerland’s position as an business location, the tax proposal is existential. If we say ‘no’ for a second time we can’t correct that again,” he told newspaper Neue Zuercher Zeitung in an interview published on Friday.

Two years ago voters rejected an attempt to overhaul the tax system, which critics say gives the country an unfair advantage in attracting global companies.

Under pressure from the European Union and the Organisation for Economic Cooperation and Development, the Swiss had promised to meet international standards and eliminate special low tax rates that benefit around 24,000 foreign companies based in Switzerland.

The government plans to scrap special tax status for these companies that pay corporate rates in individual cantons as low as 7.8 to 12 percent, compared with 12 to 24 percent for “normal” Swiss companies.

Cantons in turn will lower their tax rates for normal companies to deter them from leaving.

To cover the resulting revenue shortfall of around 2 billion Swiss francs ($2 billion), the federal government will increase the share of federal tax that cantons get.

To allay fears that corporations would benefit at the expense of citizens, the package increases annual contributions to the state pension system by 2 billion francs by raising contributions from employers and workers and having the federal government chip in more.

Maurer said a rejection by voters could land Switzerland on the EU’s blacklist of tax havens, with countries potentially starting double taxation of Swiss-based companies.

“A country that twice rejects necessary tax reforms loses trust,” Maurer said.

“It would simply mean that Switzerland is not a country of the future,” he said. “Of course we could do a repair job and come up with another plan, but that wouldn’t help much.”

(Reporting by John Revill; editing by David Evans)

Source: OANN

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The Latest: Witness: Officer said 'I don't know why I fired'

The Latest on the homicide trial of a white Pennsylvania police officer in the shooting of an unarmed black 17-year-old (all times local):

11:50 a.m.

A witness says he saw a white officer who fatally shot an unarmed black teenager in Pittsburgh panicking on the sidewalk, saying, "I don't know why I shot him. I don't know why I fired."

Neighbor John Leach testified Wednesday as the second day of the trial of former East Pittsburgh Police Officer Michael Rosfeld resumed.

Leach lives a couple houses away. He said he was on his front porch when Rosfeld fired three bullets into 17-year-old Anton Rose II after pulling over an unlicensed taxicab suspected to have been used in a drive-by shooting minutes earlier.

Leach says he saw other police officers consoling Rosfeld. Leach says Rosfeld was bending over crying, hyperventilating and looked like he was about to pass out.

A second witness video was also played in court.

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10:10 a.m.

The mother of an unarmed black teenager who was fatally shot by a white former police officer is urging prosecutors to show what a "kind, loving and funny" person her son was.

Michelle Kenney's letter to prosecutors was released Wednesday, as the second day of the trial of former East Pittsburgh Police Officer Michael Rosfeld resumes in a Pittsburgh courtroom.

In the letter, Kenney asks prosecutors to paint a picture of her son Antwon Rose II as the loving, exceptional person that he was. She says they must counter the defense's portrayal of the 17-year-old high school student as "just another thug."

She says he taught children in the neighborhood how to roller blade and skateboard and would give away his skates to kids in need. She calls him a "rose that grew from concrete."

In June, Rosfeld fired three bullets into Rose after pulling over an unlicensed taxicab suspected to have been used in a drive-by shooting minutes earlier.

Rose was shot as he fled the car.

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3 a.m.

Video that showed a white police officer shooting to death an unarmed black teenager is among the evidence presented during the first day of the former cop's criminal homicide trial.

More testimony is expected Wednesday when the trial of former East Pittsburgh Police Officer Michael Rosfeld resumes in a Pittsburgh courtroom.

The 30-year-old Rosfeld is accused in the June death of 17-year-old high school student Antwon Rose II.

Rosfeld fired three bullets into Rose after pulling over an unlicensed taxicab suspected to have been used in a drive-by shooting minutes earlier.

Rose was a front-seat passenger in the cab and was shot as he fled.

A neighbor who recorded the confrontation said the tone of Rosfeld's voice is what got her attention.

Source: Fox News National

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Any move by Iran to close Strait of Hormuz unacceptable – senior U.S. official

Oil tankers pass through the Strait of Hormuz
Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed

April 22, 2019

WASHINGTON (Reuters) – Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday.

The official, who briefed a small group of reporters on condition of anonymity, said President Donald Trump is confident that Saudi Arabia and the United Arab Emirates will fulfill their pledges to make up the difference in oil for the eight countries that had received waivers from U.S. sanctions.

The United States sees no need to consider tapping the Strategic Petroleum Reserve in the aftermath of the waivers’ ending, the official said.

U.S. officials are now looking at ways to prevent Iran from circumventing existing oil sanctions, the official added.

(Reporting by Steve Holland in Washington; Editing by James Dalgleish)

Source: OANN

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The Latest: Russia urges UK to observe Assange’s rights

The Latest on the arrest of WikiLeaks founder Julian Assange in London (all times local):

11:15 a.m.

Russian President Vladimir Putin's spokesman says Russia wants Julian Assange's rights to be observed following his arrest.

Shortly after Assange's arrest in London, Dmitry Peskov told reporters that he could not comment on the overall case.

But, he said, "We of course hope that all of his rights will be observed."

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11 a.m.

Ecuador's president says his government withdrew asylum status for WikiLeaks founder Julian Assange almost seven years after he sought refuge in Ecuador's embassy in London, citing "repeated violations of international conventions and daily-life protocols."

Lenin Moreno announced the "sovereign decision" in a statement accompanied by a video on Twitter on Thursday.

Assange hasn't left the embassy since August 2012 for fear that if he steps off Ecuador's diplomatic soil he would be arrested and extradited to the U.S. for publishing thousands of classified military and diplomatic cables through WikiLeaks.

London police arrested Assange at the embassy Thursday on a court warrant issued in 2012, when he failed to surrender to the court.

British Foreign Secretary Jeremy Hunt thanked Moreno for breaking the impasse, saying on Twitter that  Assange "is no hero and no one is above the law."

___

10:45 a.m.

Police in London say they've arrested WikiLeaks founder Julian Assange at the Ecuadorian embassy on a court warrant dating back to 2012.

In a statement Thursday, police said Assange has been taken into "custody at a central London police station where he will remain, before being presented before Westminster Magistrates' Court as soon as is possible."

Assange hasn't left the embassy since August 2012 for fear that if he steps off Ecuador's diplomatic soil he will be arrested and extradited to the U.S. for publishing thousands of classified military and diplomatic cables through WikiLeaks.

Source: Fox News World

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Joe Biden’s brain surgeon said his former patient is “totally in the clear” as speculation over the candidate’s health — with Biden possibly becoming the oldest president in U.S. history — is likely to become a campaign issue.

The former vice president, who had been perceived by many as the strongest potential contender for the Democratic Party’s 2020 presidential nomination, formally announced his candidacy Thursday.

But Biden’s age – 76 – is expected to become a source of attacks from a younger generation of Democrats not because of obvious generational differences, but possibly for actual health concerns if Biden gets into office.

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

Biden himself agreed last year that “it’s totally legitimate” for people to ask questions about his health if he decides to run for president, given his medical history — which has included brain surgery in 1988.

“I think they’re gonna judge me on my vitality,” Biden told “CBS This Morning.” “Can I still run up the steps of Air Force Two? Am I still in good shape? Am I – do I have all my faculties? Am I energetic? I think it’s totally legitimate people ask those questions.”

“I think they’re gonna judge me on my vitality. …  I think it’s totally legitimate [that] people ask those questions.”

— Joe Biden

But Dr. Neal Kassell, the neurosurgeon who operated on Biden for an aneurysm three decades ago, told the Washington Examiner that Biden appears to be “totally in the clear” — and even joked that the operation made Biden “better than how he was.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it,” Kassell said. “That’s more than I can say about all the other candidates or the incumbents.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it.”

— Dr. Neal Kassell

BIDEN’S CLAIM HE DIDN’T WANT OBAMA TO ENDORSE TRIGGERS MOCKERY

At the same time, however, Biden hasn’t been forthcoming about his health at least since 2008 when he released his medical records as a vice presidential candidate. The disclosure that time revealed some fairly minor issues such as an irregular heartbeat in addition to detailing previous operations, including removing a benign polyp during a colonoscopy in 1996, the outlet reported.

It remains unclear if Biden had more aneurysms. Some medical experts say that people who have had an aneurysm can have another one.

An aneurysm, or a weakening of an artery wall, can lead to a rupture and internal bleeding, potentially placing a patient’s life in jeopardy.

Biden won’t be the only Democrat grappling with old age. Sen. Bernie Sanders, another 2020 frontrunner, is currently 77 years old and agreed with Biden last year that their ages will be an issue in the race.

“It’s part of a discussion, but it has to be part of an overall view of what somebody is and what somebody has accomplished,” Sanders told Politico.

“Look, you’ve got people who are 50 years of age who are not well, right? You’ve got people who are 90 years of age who are going to work every day, doing excellent work. And obviously, age is a factor. But it depends on the overall health and wellbeing of the individual.”

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Sanders released his medical records in 2016, with a Senate physician saying in a letter that the senator was “in overall very good health.”

Source: Fox News Politics

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

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

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

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

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

School authorities instituted a similar measure in 2016.

Source: Fox News World

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

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

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

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

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

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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

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

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

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

Source: Fox News World

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