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Ariana Grande to play Manchester, 2 years after arena bomb

Ariana Grande is returning to Manchester, two years after a suicide bomber killed 22 people at her concert in the northwest England city.

Organizers say Grande will be a headliner at the Manchester Pride Live event on Aug. 25. Chief executive Mark Fletcher said Monday that "we're truly honored to be welcoming Ariana back to the city to help us celebrate LGBT+ life."

Grande and Manchester were bound together in tragedy on May 22, 2017, when a bomber blew himself up at Manchester Arena as fans were leaving her show. The singer returned to the city two weeks later to take part in a memorial concert, which she helped to organize.

Manchester authorities named Grande an honorary citizen of the city for her work in the wake of the attack.

Source: Fox News World

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WOW Air collapse will dent Iceland’s growth and cause losses for banks: central bank

FILE PHOTO: People wait as WOW air flight gets delayed and cancelled at Toronto Pearson International Airport, in Toronto
FILE PHOTO: People wait as WOW air flight gets delayed and cancelled at Toronto Pearson International Airport, in Toronto, Ontario, Canada March 27, 2019 in this picture obtained from social media on March 27, 2019. ANN CAMPBELL/via REUTERS

April 4, 2019

COPENHAGEN (Reuters) – The collapse of budget airline WOW Air last month will dent Iceland’s economic growth this year and cause some losses in the banking system, the country’s central bank said in a Financial Stability report on Thursday.

WOW Air, which had 1,000 employees, halted operations and canceled all future flights on March 28 after efforts to raise more funds had failed.

It was the latest budget airline to collapse as the European airline sector grapples with over-capacity and high fuel costs. Recent failures include Britain’s Flybmi, Nordic budget airline Primera Air and Cypriot counterpart Cobalt.

Iceland’s central bank said that although WOW Air’s collapse would cause some losses in the banking system the direct impact on the country’s systemically important banks would be limited.

“The shocks that have struck recently are highly unlikely under current conditions to jeopardize the stability of the financial system,” it said.

It said that the collapse of the budget airline and a failure of the vital capelin fish catch had made it clear that economic growth would be weaker than the 1.8 percent it had forecasted in February. It did not provide a new forecast.

Credit rating agency Moody’s said in a statement on Wednesday that Wow Air’s collapse posed downside risks for Iceland’s 2019 economic growth, and is credit negative for the country.

(Reporting by Teis Jensen; Editing by Kirsten Donovan and Emelia Sithole-Matarise)

Source: OANN

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Rudy Giuliani: Sentence in Mueller report about obstruction ‘turns around 2,000 years of law’

President Trump’s attorney Rudy Giuliani on Friday blasted a key line in the Mueller report regarding obstruction, saying it “turns around 2,000 years of Roman, English and American law”.

The former New York City mayor on Friday took issue with the words “if we had confidence after a thorough investigation of the facts that the President clearly did not commit obstruction of justice, we would so state.”

“When the hell did a prosecutor ever try to figure out if you didn’t do it?” Giuliani told ‘Fox & Friends’. “Prosecutors have to figure out did you do it.”

“That turns around 2,000 years of Roman, English and American law, the presumption of innocence,” Giuliani added. “He doesn’t have to prove his innocence. He doesn’t have to prove ‘I didn’t do it’. When can you prove a negative?”

GINGRICH SUGGESTS NADLER'S PUSH TO FURTHER PROBE MUELLER REPORT IS AN ATTEMPT TO SAVE HIS JOB IN THE HOUSE

The portion of Special Counsel Robert Mueller's redacted report that Giuliani takes issue with.

The portion of Special Counsel Robert Mueller's redacted report that Giuliani takes issue with. (AP)

Giuliani also echoed a tweet President Trump posted this morning, in which he said: “Statements are made about me by certain people in the Crazy Mueller Report, in itself written by 18 Angry Democrat Trump Haters, which are fabricated & totally untrue.”

“There are a lot of things there that are not accurate as you would imagine,” Giuliani said while questioning the political allegiances of Mueller’s legal team.

“That was not a fairly written report, it was a one-sided, highly, highly biased report,” he claimed.

GIULIANI ON MUELLER RELEASE: 'IT'S OVER, THEY JUST DON'T KNOW IT YET'

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Giuliani said overall: “If we were in court... of course we didn’t want a trial, but if we had a trial there would be a resounding not guilty.

“The jury would wonder why was this case brought in the first place because he didn’t do anything wrong."

Source: Fox News Politics

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Canada to appeal WTO panel finding in lumber dispute with U.S.: statement

Canada's Foreign Minister Chrystia Freeland speaks during a news conference in Ottawa
FILE PHOTO: Canada's Foreign Minister Chrystia Freeland speaks during a news conference in Ottawa, Ontario, Canada, December 12, 2018. REUTERS/Chris Wattie

April 15, 2019

OTTAWA (Reuters) – Canada will appeal last week’s decision by the World Trade Organization (WTO) which ruled to allow the United States to use “zeroing” to calculate anti-dumping tariffs, Foreign Minister Chrystia Freeland said in a statement on Monday.

“We firmly believe that the U.S. duties on Canadian softwood lumber are unfair and unwarranted,” Foreign Minister Chrystia Freeland said in a statement. “That is why we are challenging these duties at the WTO and under NAFTA.”

(Reporting by Steve Scherer; Editing by Chizu Nomiyama)

Source: OANN

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Russian company to finish helicopter facility in Venezuela

An executive at a Russian state-owned company says it will finish building a facility for repair and maintenance of Russian helicopters in Venezuela by the end of the year.

Igor Chechikov, deputy chief executive at Russian Helicopters, told Russian news agencies on Tuesday that all the necessary equipment has been delivered to Venezuela and that the construction should be completed this year.

Russia has been a major backer of embattled Venezuelan President Nicolas Maduro, supplying his government with weapons and providing loans.

Russia last week inaugurated a training center for Venezuelan pilots who fly Russian aircraft.

Source: Fox News World

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Ex-Exec Resigned Over Fox’s ‘Relationship With Facts’

A former Newscorp executive resigned in 2017 over what he considered a "significant change in tone" and a "significant shift in the relationship with facts, particularly on the Fox side."

"I hadn't been exposed, for a long time to a lot of what was going on on the opinion side, but beyond that I noticed a significant change in tone," former Newscorp senior vice president Joseph Azam told CNN's "Reliable Sources." 

"I'm a big believer in the marketplace of ideas, and I was fine working with and for people who had very different values and opinions than I did, but I noticed a significant shift in the ferociousness, and frankly, in the relationship with facts, particularly on the Fox side."

The "run up to the election" is when Azam noticed a change in tone and rhetoric that he said made him uncomfortable and "was exposed to it every day."

"It became very profitable to kind of fall in line with some of the anti-immigrant, anti-refugee, anti-Semitic, anti-Muslim rhetoric, and I was affected by that," Azam said.

Source: NewsMax America

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Big Ten Gets 7 Teams Into The Second Round Of The NCAA Tournament, Ties March Madness Record

David Hookstead | Reporter

The Big Ten has dominated March Madness through the first two days.

Seven teams from the conference advanced to the second round of the tournament. That ties the tournament record, according to ESPN. Michigan State, Purdue, Michigan, Iowa, Maryland, Minnesota, and Ohio State all advanced. (RELATED: The March Madness Bracket Has Been Released)

Only my beloved Badgers fell short.

As painful as it is for me to admit how bad yesterday was for the Badgers, I’m glad to know the rest of the conference showed up and showed out for Big Ten country.

Putting seven teams into the second round is absolutely absurd, and has only happened two other times in tournament history. (RELATED: Watch Wisconsin Beat Kentucky In The 2015 Final Four)

We’re now over 20 percent of the remaining field. Not bad for a conference that apparently can’t do anything athletically, according to the peanut gallery that is incredibly vocal.

You might as well shut down the internet if the B1G continues to tear it up because the gloating is going to be next level. I can promise you that much. Yes, my Badgers went down, but everybody else is picking up the slack.

This is March, and this is when we take over. I hope the critics saved their receipts. It looks like they’re going to be eating some of their words.

Follow David Hookstead on Twitter

Source: The Daily Caller

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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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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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