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Dog dies after attacking gunman, protecting his family during shooting

A dog is being lauded as a hero by his family for giving his life to save them during a shooting near Houston, Texas.

The labrador, named Zero, jumped to action when a gunman opened fire during a birthday party at the home of Laura Martinez last Sunday night. Martinez and her two children were shot as Zero attacked the shooter. The dog was hit by a bullet during the altercation and later died.

"I honestly believe if Zero had not kept jumping on him, he would’ve been able to get shots higher than our legs," Martinez said, according to Click 2 Houston.

ONE DEAD, THREE INJURED AFTER SHOOTING IN DOWNTOWN SAN FRANCISCO, POLICE SAY

The suspected shooter has now been identified as Javian Castenada, a friend of the family who they believe was involved in a robbery of their home. Police believe he is in hiding and is considered armed and dangerous.

The Martinez family said after the burglary, they confronted Castaneda's parents with their suspicions that he was responsible. A few days later, Canstaneda allegedly arrived at the party and began arguing with the Martinez family, which escalated into gunfire.

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"I’m staring at the whole scene around and it almost feels like a dream," Martinez's daughter Valori Pace said. "I went to go turn to run and I just feel instant pressure in my lower back. Put my hand back there and I realize there was blood all over my hands," she said.

The family is recovering from their gunshot wounds, but mourning the death of their beloved dog, who they've dubbed "Zero the Hero."

Source: Fox News National

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How to Identify #MAGAPhobia

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Guest post by Adrienna DiCioccio

In today’s America, we find that there is a huge separation between beliefs and ideologies. MSM outlets, social platforms, and the Democratic party are at war with Trump “MAGA” supporters.  There have been countless attacks on people for simply showing their support to the POTUS for wearing a red MAGA hat. A recent study has found over 400 hoax hate crimes in America. Most would say this is Trump Derangement Syndrome or TDS, but now the newly coined phrase is “MAGAphobic.” – in short means bigotry towards Republicans who voted for Donald Trump.

The two most recent hoax hate crimes against Trump supporters are outrageously ridiculous. First, it was the Covington High School boys being attacked by fake Vietnam vet Nathan Phillips.  This led to minors being doxed by Trump haters and verified accounts on Twitter saying grotesque things such as “LOCK THE KIDS IN THE SCHOOL AND BURN THAT BITCH TO THE GROUND.”

Second is Jussie Smollett and his hoax hate crime in Chicago claiming that two men in MAGA hats came up and yelled “This is MAGA country” and poured bleach on him while putting a noose around his neck. Come to find out he staged the whole thing—go figure. While the MSM pushed the story to the extreme and verified accounts bashed all Trump supporters as a threat to people all over the country.

Many conservatives believe there is something called liberal privilege and you don’t have to look hard to find it.  The fact is there is an ideology of extreme hate against President Trump and his supporters in the mainstream media and across social media. It has gotten to the point where people walk to the corner neighborhood store and get harassed. Or a mother takes her minor son shopping and watches him get slandered by an unhinged adult. Can we call this derangement of lies, hysteria and hate crimes MAGAphobia? I think we can simply because behind each one of these crimes there is a Trump hater. Who has one main goal and that is to get Trump out of office and ruin his 2020 campaign. Jack Posobiec’s MAGAphobia phrase defined by Will Chamberlin in the tweet below:

The hashtag #MAGAPhobia is trending on Twitter. Search and you will see all the lies and hoax hate crimes created by individuals who simply cannot accept the fact that Donald J. Trump is their president.

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China Distances Itself From Dollar, Buys More Gold

China bought gold for the fourth straight month in March, adding another 11.2 tons of the yellow metal to its reserves, according to the latest data released by the People’s Bank of China.

With the most recent purchases, the Chinese official gold reserves stand at about 1,884 tons or 60.62 million ounces. The Chinese have been adding gold to their reserves over the last several months as they continue to minimize exposure to the US dollar.

In December, the People’s Bank of China announced the first increase in its gold holding since 2016. The Chinese have a history of going long periods without any official announcement of its gold holding and then suddenly revealing a large increase in its reserves. In 2009, the People’s Bank of China stopped reporting its gold holdings. Then in June 2015, the Chinese central bank suddenly announced its gold hoard had grown by 57%.

For a little more than a year, the PBOC regularly announced additions to its gold reserves. Chinese gold holdings rose another 185 tons over the next 16 months before it suddenly went silent again. During this time period, China was pushing for inclusion of the yuan in the International Monetary Fund’s benchmark currency basket.

Since then, the Chinese aren’t only buying gold again; they have also been selling off US Treasury holdings. Over the past year, the Chinese have shed more than $50 billion in US debt.


Tom Pappert exposes the story of Xu Xiaodong, a Chinese MMA fighter who was “unpersoned” for proving Tai-Chi sucks.

In a recent note, Lawrieongold.com creator Lawrie Williams said China is one of several countries seeking to minimize dependence on the greenback.

“One suspects China is like Russia, and probably some other nations too, in diversifying its reserves away from dependence on the US dollar as a reserve currency. The US has been demonstrating its readiness to use the dollar, and its links to global trade, as a weapon to try and bring enemies and allies into line with its global foreign policy.”

The fact that the global system facilitating financial transactions uses the dollar gives the US a great deal of economic leverage.  The Society for Worldwide Interbank Financial Telecommunication (SWIFT) enables financial institutions to send and receive information about financial transactions in a secure, standardized environment. Since the dollar is the world reserve currency, SWIFT facilitates the international dollar system.

In 2014 and 2015, the US blocked several Russian banks from SWIFT as relations between the two countries deteriorated. Last fall, the US threatened to lock China out of the dollar system if it didn’t follow UN sanctions on North Korea.

(Photo by kees torn / Wikimedia Commons)

Last month, Zhou Yu, director of the Research Center of International Finance at the Shanghai Academy of Social Sciences, told the Global Times that China wants to minimize its exposure to the US dollar.

“Since the start of the China-US trade dispute, China has realized that there are risks in holding the US dollar, and it is taking action to increase holdings of other financial assets such as gold to replace its US dollar-denominated assets to guard against those risks.”

Analysts at Bank of America Merrill Lynch said this trend toward global US dollar deleveraging could help boost gold prices.

“We believe that de-dollarization could also lead to rising share of gold holdings in gold portfolios.”

Many analysts believe China holds far more gold than it officially reveals. As Jim Rickards pointed out on Mises Daily back in 2015, many people speculate that China keeps several thousand tons of gold “off the books” in a separate entity called the State Administration for Foreign Exchange (SAFE). Given the political dynamics and the ongoing trade war, it seems unlikely the Chinese suddenly stopped increasing their gold reserves in 2016.


Alex Jones reveals what fills the minds of vampiric pedophiles that crave the innocence of children.

Source: InfoWars

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Erdogan shows New Zealand attack video in weekend rallies

Turkey's president showed parts of a video taken by the attacker who killed 50 people at two mosques in New Zealand to comment on what he called rising Islamophobia.

President Recep Tayyip Erdogan showed the clips over the weekend during campaign rallies for March 31 local elections. The video, which was blurred but had clear sounds of automatic gunfire, was shown to thousands of people at the rallies and was aired live on Turkish television.

Erdogan used the video to comment on attacks on Islam and rising Islamophobia. He accused the Western world for not calling the attack on the two Christchurch mosques "Christian terror," when acts committed by Muslims are called "Islamic terror."

He also referred to a manifesto by the suspected attacker, Brenton Tarrant, in which he threatened Turks and vowed to make Istanbul "Christian owned once more."

Erdogan then shifted his rhetoric to slamming the main opposition's leader, as is common in all of his campaign rallies. He criticized the Republican People's Party's Kemal Kilicdaroglu for blaming Islam and Muslims for the attack.

The opposition leader had condemned the attack on Friday and also said the Islamic world should look within itself to understand the causes of terrorism.

Faik Oztrak, the vice chairman of the Republic People's Party, or CHP, accused Erdogan of using the video as "propaganda materials for the sake of three or five votes." His comments were carried by the official Anadolu news agency Sunday.

New Zealand Foreign Minister Winston Peters said Monday that he told his Turkish counterpart and Erdogan's vice president, who were visiting the country, that the video doesn't represent New Zealand. He said it could also endanger New Zealanders.

Facebook said it removed 1.5 million videos of the New Zealand shootings during the first 24 hours after the massacre.

Source: Fox News World

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Jussie Smollett lawyers sued by alleged hoax accomplices

FILE PHOTO: Actor Jussie Smollett leaves court after charges against him were dropped by state prosecutors in Chicago
FILE PHOTO: Actor Jussie Smollett leaves court after charges against him were dropped by state prosecutors in Chicago, Illinois, U.S. March 26, 2019. REUTERS/Kamil Krzaczynski/File Photo

April 23, 2019

(Reuters) – Two Nigerian-American brothers wrapped up in Jussie Smollett’s Chicago hate-crime hoax sued the “Empire” actor’s lawyers on Tuesday, accusing them of defamation for insisting they had “criminally attacked” the actor even after police concluded otherwise.

Olabinjo and Abimbola Osundairo were briefly taken into custody as Chicago police investigated the alleged January incident in which Smollett, who is black and gay, said he was assaulted by two men who shouted racist and homophobic slurs and wrapped a noose around his neck.

Police later concluded that Smollett staged the attack for publicity. Prosecutors brought and then abruptly dropped hoax charges against the actor on March 26, a stunning move that drew the fury of the city’s police superintendent and mayor.

In a lawsuit filed in Chicago federal court, the Osundairo brothers charged that Smollett’s attorneys Mark Geragos and Tina Glandian falsely accused them of attacking Smollett, even after the investigation was over.

It rejected the idea that the brothers, who are also black, attacked Smollett because of his race, asserting that the actor staged the incident. It also noted that the pair served as the actor’s trainers and sometime extras on his Fox hip-hop TV drama.

“He wanted his employer and the public to notice and appreciate him as a successful black, openly gay actor,” it said. “Smollett directed every aspect of the attack, including the location and the noose.”

Smollett’s attorneys did not immediately respond to a request for comment.

The 36-year-old actor has said he had always been truthful about the incident, which sparked extensive outrage on social media, drawing the attention of both Republican President Donald Trump and some of the Democrats who hope to challenge him in 2020.

“They’ve realized that it was wrong. They’ve apologized for it,” Gloria Schmidt, one of the brothers’ lawyers, told reporters on Tuesday. “But make no mistake: they had no role in calling the police and they had no role in defrauding the police department,” Schmidt also said.

Glandian insisted in a television interview after police closed the investigation that Smollett had not made a false report and that the brothers attacked him, the lawsuit said.

The lawsuit seeks unspecified financial damages.

The city of Chicago earlier this month sued Smollett, seeking three times the damages it said it incurred in the investigation of the incident. Smollett had previously refused a demand by the city for $130,000 to cover police overtime costs to investigate his claims.

(Reporting by Peter Szekely in New York; Additional reporting by Makini Brice in Washington; Editing by Scott Malone and Richard Chang)

Source: OANN

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European stocks at four-month highs as trade talks progress

The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 15, 2019. REUTERS/Staff

February 18, 2019

LONDON (Reuters) – Fresh from touching their highest level in four months on Friday, European stocks rose further in early deals on Monday as investors bet more progress would be made in U.S.-China trade talks continuing in Washington this week.

Financials were the biggest boost to the STOXX 600 as optimism over a potential trade war resolution took hold.

The bank index led the way with a 0.7 percent gain, having risen sharply on Friday after European Central Bank board member Benoit Coeure said a new round of cheap multi-year loans to banks was possible.

The STOXX 600 edged up 0.1 percent, steadying at its highest level since Oct 10 as company results on the whole also looked good.

French car parts maker Faurecia climbed 1.9 percent after saying it hoped to outperform the market this year and reported margin expansion, though it warned of negative auto production growth in general.

UK-listed consumer goods firm Reckitt Benckiser gained 2.7 percent after reporting higher-than-expected Q4 sales growth, helped by improvements in both its health and home and hygiene businesses.

Wire Card shares jumped 7.8 percent to top the STOXX 600 after German market regulator BaFin banned the establishment or increase of short positions in the stock.

Chipmaker AMS rose 4.6 percent after an article https://bit.ly/2toAQAg by Barron’s saying the company is trying to diversify away from the slowing iPhone segment into other consumer areas and industrial applications.

In other negative moves, Casino shares fell 3.8 percent, the worst-performing in Europe, after Deutsche Bank cut its rating to “hold” from “buy”.

(Reporting by Helen Reid, Editing by Danilo Masoni)

Source: OANN

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Justice Department Defends Process for Handling Mueller Report

The Justice Department defended its handling of Special Counsel Robert Mueller’s Russia report after media reports that Mueller’s team wrote summaries that they intended to be made public.

Every page of Mueller’s confidential report was marked with a notice saying it may contain grand jury material that by law has to be kept secret, Justice Department spokeswoman Kerri Kupec said in a statement.

'The department continues to work with the special counsel on appropriate redactions to the report so that it can be released to Congress and the public,' Kupec said.

The Washington Post reported on Thursday that members of Mueller’s team prepared summaries for different sections of the report with a view that they could be made public, citing one U.S. official briefed on the matter.

Members of Mueller’s team have complained to associates the evidence related to possible obstruction of justice by President Donald Trump 'was alarming and significant,' according to the Post story, which cited people familiar with the matter.

Some members of Mueller’s team also told associates that Attorney General William Barr failed to adequately portray their investigative findings, the New York Times reported on Wednesday. Some of the findings were more damaging for Trump than Barr has indicated, according to the report.

Trump on Thursday attacked Democrats for continuing to investigate him.

“According to polling, few people seem to care about the Russian Collusion Hoax, but some Democrats are fighting hard to keep the Witch Hunt alive,” Trump tweeted. “They should focus on legislation or, even better, an investigation of how the ridiculous Collusion Delusion got started - so illegal!”

Source: NewsMax Politics

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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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