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Washington Post's Lazy, Dishonest Propaganda

Washington Post's Lazy, Dishonest Propaganda

AP Photo/Pablo Martinez Monsivais

Over the last three evenings, Americans watched Tucker Carlson refuse to be cowed by the sophisticated, well-funded, coordinated information operation designed to chase him off the air and make him unemployable for life.

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Barrick ends hostile bid for Newmont, signs Nevada joint venture

FILE PHOTO: Mark Bristow, chief executive officer of Barrick Gold, speaks during an interview at the Investing in African Mining Indaba conference in Cape Town
FILE PHOTO: Mark Bristow, chief executive officer of Barrick Gold, speaks during an interview at the Investing in African Mining Indaba conference in Cape Town, South Africa February 5, 2019. REUTERS/Mike Hutchings/File Photo

March 11, 2019

(Reuters) – Barrick Gold Corp has withdrawn its proposal to buy Newmont Mining Corp, the companies said on Monday, ending a hostile takeover effort that sought to unite the world’s two biggest gold producers.

Newmont and Barrick have instead signed an agreement to create a joint venture for their mining operations in Nevada, the companies said.

Barrick launched an $18 billion takeover offer for Newmont last month, which was rejected by Newmont. The companies have been embroiled in a bitter war of words over the deal.

Last week, top Barrick shareholders urged the gold miner to strike an agreement for the Nevada operations. Both companies agreed to combine their Nevada assets to cut costs, but were so far unable to hammer out a solution on how it should be done.

The companies said on Monday Barrick will operate the joint venture and will be the majority owner, with 61.5 percent stake.

“We are finally taking down the fences to operate Nevada as a single entity in order to deliver full value to both sets of shareholders,” Barrick Chief Executive Officer Mark Bristow said in a statement.

(Reporting by Debroop Roy in Bengaluru; editing by Patrick Graham and Arun Koyyur)

Source: OANN

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Ocasio-Cortez responds to Trump over ‘bartender’ comment; lashes out at Amazon

U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., called President Trump’s recent barb about her being a “young bartender” a compliment and lashed out at Amazon while speaking with constituents Saturday.

“There’s nothing wrong with being a bartender," Ocasio-Cortez said at a joint event in the New York City borough of Queens alongside New York state Sen. Michael Gianaris. “It’s so crazy to at once mock someone for being from a working-class background, for being a bartender, for shaming me for where I was born and where I’m from and on the other hand, when I lean into my identity and who I am and all of that, people are saying that’s not true either."

The freshman congresswoman said her work as a bartender gave her first-hand experience with health care issues, the New York Daily News reported. She said that unlike Trump, she bought into health care public exchanges.

“He’s never had to actually see the rising premiums month to month, and you have a $6,000 deductible for a $2,000 health insurance plan," she said, according to the paper.

Ocasio-Cortez also responded to New York Gov. Andrew Cuomo, who has blamed her and other Amazon critics for the company's decision to scrap a proposal to open a second headquarters in the Long Island City neighborhood of Queens, according to the New York Post. Amazon promised the facility would bring 25,000 jobs to the city.

OCASIO-CORTEZ SLAMMED AS 'FINANCIALLY ILLITERATE' AT SHARPTON EVENT OVER AMAZON, FACES CALLS TO BE OUSTED FROM OFFICE

The retail giant pulled out of the deal in February after backlash from some progressives over the $3 billion in tax breaks and subsidies the city was prepared to offer the company.

“[A] small group [of] politicians put their own narrow political interests above their community -- which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City,” Cuomo said in a statement at the time.

Some local residents also blasted the progressives, saying the area needed the Amazon jobs.

“I felt like people should have gotten the jobs,” Susie Scaretta-Enright of Woodside told the New York Post. “There are people that are struggling.”

“I felt like people should have gotten the jobs. There are people that are struggling.”

— Susie Scaretta-Enright, resident opposing Ocasio-Cortez stand on Amazon plan in New York City

The governor recently said the fallout has wrecked the city’s ability to attract new businesses.

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“What’s wild to see is how when the community tried to sit down at the table and negotiate … any small demand was immediately met with a ‘no’,” Ocasio-Cortez said. “So it’s not about being blanket ‘pro’ or ‘anti’ Amazon, it’s the fact that … we can’t just be allowed to govern by bullying.”

“People are unhappy, and they should be unhappy with those who were in secret rooms making the deal — not anyone else asking questions and trying to protect the community,” Gianaris added.

Source: Fox News Politics

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Arkansas woman allegedly murders husband for refusing to quit porn: report

An Arkansas woman “flew into a rage” and fatally shot her husband inside his man cave after spotting a porn channel on their satellite television bill, according to prosecutors.

Patricia Hill, 69, had asked her dearly beloved to cancel his smut subscription with the Dish Network —  after she caught him watching dirty TV shows on multiple occasions — but he apparently refused.

“She told him over and over again to stop, and he said he would but went right back to doing it,” explained Hill’s attorney Bill James in court Monday, according to the Pine Bluff Commercial.

MAN SUES PARENTS OVER HIS MASSIVE PORNOGRAPHY COLLECTION

He said the couple was “basically estranged” when the shooting happened last July and that Hill’s husband, Frank Hill, 65, had been spending most of his time in their shed out back.

“He went to his shed, and she went to work,” James said.

After telling him repeatedly to quit watching porn, James claimed that Hill decided to cancel his subscription. When the next bill came, she saw that the channel was back up and running — and her “reality snapped,” the lawyer said.

“She lost her mind,” James alleged in his opening statement. “She didn’t try to hide it. She told the truth (about what happened).”

'LAW & ORDER' DIRECTOR'S WIFE EXPLAINS WHY SHE STAYED AFTER HE WAS CONVICTED OF POSSESSING CHILD PORNOGRAPHY

Hill allegedly confronted her husband inside his man cave and asked him about the porn. She apparently didn’t like what he said and marched inside to fetch her Beretta .22-caliber pistol, according to prosecutors.

Hill walked back out to the shed and allegedly shot her husband two times. She left the gun inside their home — right next to the TV bill.

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According to James, Hill viewed pornography as a “personal affront to her and to her god.”

Source: Fox News National

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Australia’s opposition Labor on track to win election: polls

FILE PHOTO: Australian Labor Party opposition leader Shorten arrives at his election night party with his wife Chloe in Melbourne
FILE PHOTO: Australian Labor Party opposition leader Bill Shorten arrives at his election night party with his wife Chloe in Melbourne, July 2, 2016 on Australia's federal election day. REUTERS/Jason Reed/File Photo

April 7, 2019

MELBOURNE (Reuters) – Australia’s opposition Labor is the favorite to win a national election expected in May, two polls showed on Monday, but its lead has narrowed over the conservative coalition government which announced income tax cuts in its budget last week.

A closely watched Newspoll done for The Australian newspaper showed Labor ahead of the Coalition 52-48 on a two-party preferred basis, but that was down from 54-46 in the last poll in March.

A separate Ipsos poll, published by the Sydney Morning Herald, showed Labor ahead 53-47.

Prime Minister Scott Morrison is expected to call an election this week, most likely for May 11 or May 18.

“The election will be called in April and the election will be held in May. We’re not doing this with any haste and we’re not doing it with any delay,” Morrison told reporters on Sunday, amid speculation he was delaying to give the government more time to promote its budget.

“I noticed Bill Shorten’s frustration yesterday, but you know, that impatience is born of arrogance,” Morrison said.

Despite Labor’s consistent lead in the polls over the past year, Morrison remains the preferred prime minister over Labor leader Shorten.

Newspoll surveyed 1,799 voters across the country from April 4 to 6, following the release of the government’s budget on April 2 and Labor’s reply two days later.

The Ipsos poll surveyed 1,200 voters from April 3 to 6, and has a margin of error of 2.9 percent.

(Reporting by Sonali Paul; Editing by Sonya Hepisntall)

Source: OANN

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China using ‘pay-day loan diplomacy’ in the Pacific: U.S. diplomat

U.S. and Chinese flags are placed for a joint news conference in Beijing
FILE PHOTO: U.S. and Chinese flags are placed for a joint news conference by U.S. Secretary of State Mike Pompeo and Chinese Foreign Minister Wang Yi at the Great Hall of the People in Beijing, China June 14, 2018. REUTERS/Jason Lee

March 13, 2019

By Colin Packham

SYDNEY (Reuters) – China’s is using “pay-day loan diplomacy” to exert influence in the Pacific, the new U.S. ambassador to Australia said on Wednesday, comments that threaten to inflame regional tensions.

The United States and its regional allies have been battling China for greater influence in the Pacific – a region that has votes at international forums like the United Nations and controls vast swathes of a resource-rich ocean.

The geopolitical competition has seen both sides increase foreign aid to the region in recent months, which the West says is needed to prevent the Pacific falling into financial distress and becoming susceptible to diplomatic pressure from Beijing.

Late last year U.S. Vice President Mike Pence accused China of ensnaring tiny island nations in foreign aid “debt traps”.

New U.S. Ambassador to Australia Arthur Culvahouse said Pence’s criticism was not strong enough. “I would use stronger language – I would use payday loan diplomacy,” Culvahouse told reporters in Canberra after presenting his diplomatic credentials to Australia’s Governor-General.

“The money looks attractive and easy upfront, but you better read the fine print,” he said.

Lenders of pay-day loans typically charge a higher interest rate.

China’s embassy in Australia did not immediately respond to requests for comment, but China’s Ambassador to Australia last year said Beijing does not place undue debt on the region.

The arrival of Culvahouse, the first U.S. ambassador to Australia in more than two years, comes at time of bilateral tensions between Canberra and Beijing.

In 2017, then Australian prime minister Malcolm Turnbull accused China of meddling in domestic affairs. In 2018 Canberra banned foreign-government linked companies from investing in a nascent 5G network, effectively blocking China’s Huawei Technologies.

China denied the allegations and has called on Australia to shed its “Cold War” mentality.

Analysts believe Beijing may now be using trade to punish Canberra for its criticism.

Sources at Chinese ports told Reuters last month that Australian coal imports are facing longer waiting times to clear customs than other supplies, and the northern port of Dalian was halting Australian coal shipments.

(Reporting by Colin Packham; Editing by Michael Perry)

Source: OANN

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Houston sends layoff notices to fire department cadets to fund voter-mandated firefighter pay hikes

Houston will lay off 67 fire department cadets in an effort to fund voter-approved pay raises for firefighters aimed at putting them on par with the city’s police force.

The trainees will remain employed through June 7, according to layoff notices obtained by the Houston Chronicle. In a statement, Mayor Sylvester Turner said 47 municipal workers also being let go will be notified next week.

“The City of Houston has experienced a sizeable budget shortfall due to the implementation of Prop B,” the notice read. “I am sorry to have to notify you that your position is being eliminated by virtue of a force reduction (layoff) and your last day of employment with the City of Houston will be June 7, 2019 close of business.”

FIREFIGHTER HAS BECOME MASTER OF MAXING OUT OVERTIME PAY

The measure calls for the city to pay its firefighters the same as police officers with corresponding rank and experience. The layoffs are necessary because the proposition adds $80 million to $100 million to the city’s bottom line and its approximate $2.5 billion budget must be balanced by July 1, the start of the next fiscal year, said Turner, according to the paper.

"At the same time, the city is experiencing a $117 million budget gap, with the cost of Prop B added on top of that," Turner said.

Turner warned voters that the passing of the measure would result in layoffs oh hundreds of city employees. His plan called for letting go of up to 400 firefighters, including cadets, and for all city departments to shave 3 percent from their spending.

Turner said no layoffs would be necessary if the raises were phased in over four or five years.

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In a statement, fire union President Marty Lancton said the layoffs were preventable. He wants the City Council to “finally stand up to Turner and reject his slash-and-burn plan for HFD.

"Sylvester Turner’s layoff notices to taxpayer-funded, Houston-trained HFD cadets reflect the mayor’s ineptitude, egotism, and a new depth of his vindictiveness,” he added.

Source: Fox News National

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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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