Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Democrats’ extreme 2020 policies on abortion, immigration are playing into Trump’s reelection, analyst says

As the Democratic presidential field continues to expand, the 2020 candidates are pitching policies -- letting terrorists vote or allowing illegal immigrants into the country -- that play right into President Trump's reelection campaign, a political analyst told Fox News.

David Brody, the host of "Faith Nation" on CBN, appeared on "Fox & Friends" Wednesday morning to run through the presidential playing field. He believes things are not looking good for Democrats.

AMBASSADOR GRENELL 'QUITE PLEASED' BUTTIGIEG STOPPED PUSHING 'HATE HOAX' ABOUT PENCE

"What's the bumper sticker in 2020? Felons for Bernie? I mean, really, seriously?" Brody said. "He's for illegal immigrants coming into the country and he's OK with felons voting and you've got Donald Trump in 2020 saying make America safe again, great again, and all of that. Marinate on that for a moment."

The CBN chief political correspondent mocked Warren's idea as "the Democrats' all-you-can-eat buffet and everything's free," but he warns that even though it seems far Left, younger Americans are embracing some of the ideas. A recent Harris Poll found that 49.6 percent of millennials prefer living in a socialist country.

LIBERALS NOW PUSHING IMPEACHMENT AS A SCARLET LETTER

"Conservatives need to take this very seriously," Brody added. "Who doesn't like free stuff... but also lots of problems?"

As Trump cracks down on border crossings and illegal immigration, Democrats like Julian Castro are pushing for decriminalizing crossing the border. Brody warns Democrats are out of touch with reality with their immigration stance.

IT'S NOT THE ECONOMY RIGHT NOW FOR VOTERS: HERE'S WHY

"This policy is basically not just open borders. Forget that it's no border," he said. "When it comes to swing voters, independents in the middle of this country, they want the border secure."

And after New York passed and celebrated a late-term abortion law, Virginia and other states led by Democrats have pushed for similar legislation.

OCASIO-CORTEZ CALLED OUT FOR SOCIAL MEDIA SILENCE IN WAKE OF SRI LANKA TERROR ATTACKS

"Science and polling are both against the Democrats in late-term abortion," Brody said, pointing to viability and a poll that shows 71 percent of Democratic voters think late-term abortion should be illegal.

As freshman Representative Alexandria Ocasio-Cortez continues to push for the "Green New Deal." Several Democratic presidential candidates have expressed their support.

CLICK HERE TO GET THE FOX NEWS APP

"Look, if you are talking about getting rid of airplanes and you are OK with transportation. Everybody is going to take a train and horseback. Who knows, and then you have digestive cow issues and the world is going to end in 12 years?" Brody concluded. "Come on, give me a break."

Source: Fox News Politics

0 0

Florida person in Easter bunny costume captured brawling on video

The Easter bunny was hoppin’ mad Sunday night and ended up in a three-person brawl in Florida.

A video posted on Instagram showed a person dressed as a white bunny running toward two people, who were already wrestling each other on the sidewalk in downtown Orlando, and joining the fight. The costumed character appeared to begin throwing punches after initially trying to pull the two men apart.

CHOCOLATE EASTER BUNNY MOCKED ON TWITTER FOR 'SUGGESTIVE' POSE

The fight continues for several more seconds as the Easter rabbit delivers vicious body blows (instead of the usual chocolate-filled baskets) and bystanders watch and shout. A police officer eventually jumps in and breaks up the beatdown.

A person dressed as an Easter bunny was involved in a fight in Orlando, Fla.

A person dressed as an Easter bunny was involved in a fight in Orlando, Fla. (Instagram @workfth)

The promoter who posted the video told FOX35 Orlando the melee began when a man bumped into a woman. It’s unclear why the Easter bunny jumped in or who was underneath the costume.

"As you can see, the Easter rabbit been taking boxing classes,” said the promoter, who goes by workfth on Instagram.

CLICK HERE TO GET THE FOX NEWS APP

The promoter posted the video on his Instagram with the caption, “HAPPY EASTER. ONLY IN #ORLANDO.”

It’s unclear if anyone was arrested in the incident.

Source: Fox News National

0 0

Charge upgraded to murder for Memphis boy, 11, in shooting

Police in Tennessee say an 11-year-old boy now faces a murder charge after a teenager he is accused of shooting died.

The Memphis Police Department said Sunday that a 14-year-old boy has died after he was shot Wednesday night. Police said the teen had been hospitalized in extremely critical condition before his death.

Police said a 34-year-old man also was wounded in the shooting. He is in critical but stable condition.

Police are not identifying the 11-year-old. He is charged with first-degree murder, murder during a theft, and attempted murder. A judge will decide at a hearing whether the boy will be charged as an adult. It was not clear Sunday night if he had a lawyer. The boy is awaiting a hearing in Shelby County Juvenile Court.

Source: Fox News National

0 0

Notre Dame is About to be Ruined by Modernist Architects

DNA Force Plus

Limited Advanced Release

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

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

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

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

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

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

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

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

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

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

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

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

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

0 0

Robots compete with child jockeys in Egyptian camel races

Jockeys, most of whom are children, compete during the 18th International Camel Racing festival at the Sarabium desert in Ismailia
Jockeys, most of whom are children, compete on their mounts during the 18th International Camel Racing festival at the Sarabium desert in Ismailia, Egypt, March 12, 2019. REUTERS/Amr Abdallah Dalsh

March 19, 2019

By Amr Dalsh

ISMAILIA, Egypt (Reuters) – Remote-controlled robot jockeys lined up at a major camel racing festival in northeastern Egypt, as owners came under pressure from campaigns to stop using child riders.

Organizers fielded around 20 robots – child-sized devices with a whipping arm that can be triggered at a distance – alongside dozens of real children as part of a trial run.

“God willing, in a year, there will be no human jockeys, except for some adults for the sake of tradition,” said Eid Hamdan Hassan, head of the Egyptian Camel Federation, which organized the festival in the Sarabium desert of Ismailia.

Several Gulf countries have banned child jockeys from the traditional Bedouin sport after rights groups said the youngsters were often injured and some had been abducted or sold by their families.

Owners at last week’s Egyptian event said the bans had prevented them from fielding teams in Gulf festivals – and they hoped the move to robots would help them get in.

Esam el-Din Atiyah, president of the African Camel Racing Federation, which includes Egypt, acknowledged that child riders were sometimes injured. “Human rights organizations have said that this is child exploitation,” he said.

He personally wanted Egypt to move to robot-only events, but the transition was costly and would take time, he added.

Young jockeys at the event – local children mostly aged 6-13 – defended the tradition and their participation.

Sayed Mohamed, 11, said children were better than robots at steering.

“The camel might lean sideways. We (the children) are better at riding leaning camels so that we can straighten its route.

“The robot works well with camels that don’t tend to lean.”

Around 150 camels competed in eight categories over distances from five to 15 km, cheered on by more than 1,000 spectators.

Local tribes prepare their best camels with a special diet of beans, barley, date paste and milk.

Victory raises a camel’s value. “When a camel wins, you sell it for a good price – from 150,000 to 200,000 Egyptian pounds($8,700-$11,600),” said camel owner Mohamed Mostafa. “The camel that doesn’t win is sold for only 10,000.”

(Additional reporting by Lena Masri; writing by Aidan Lewis and Lena Masri; editing by Andrew Heavens)

Source: OANN

0 0

Fugitive Indian diamond tycoon’s art collection worth millions to be auctioned

Sixty-eight pieces of art owned by Indian diamond tycoon Nirav Modi, whom state authorities accuse of being involved in a $1.8 billion bank fraud, will be auctioned Tuesday.

Modi, 48, who is one of India’s richest men and believed to be worth $1.75 billion, was arrested in London last Tuesday and ordered to be held without bail. Indian authorities have sought Modi's arrest since February 2018, when they alleged companies he controlled defrauded the state-owned Punjab National Bank by using fake financial documents to get loans to buy and import jewels.

Police in India later raided the homes and offices of Modi and business partner Mehul Choksi, seizing nearly $800 million in jewels and gold. The men are thought to have left India before the alleged fraud was discovered.

UK POLICE ARREST WEALTHY INDIAN JEWELER NIRAV MODI

His collection, which includes rare oil paintings and works by Raja Ravi Varma and V.S. Gaitonde, will be auctioned. A piece from his collection, “Untitled,” was sold at an auction in Mumbai in 2015 for $4.4 million, the BBC reported. Auctioneers said they believed a Varma painting could be auctioned for up to $2.5 million. Officials said the art is expected to “fetch anywhere between $4.4 million to $7.3 million,” Reuters reported.

“We believe that the collection’s intrinsic value will garner a positive response from collectors,” Dinesh Vazirani, the Saffronart’s chief executive told Reuters.

INDIAN DIAMOND TYCOON ARRESTED IN LONDON OVER ALLEGED ROLE IN $2 BILLION BANKING SCANDAL

Modi has denied the allegations and has sought political asylum in the U.K. His jewelry has been worn by stars such as actress Priyanka Chopra-Jonas.

The Associated Press contributed to this report.

Source: Fox News World

0 0

Paris Easter Mass honors firefighters who saved Notre Dame

The archbishop of Paris and Catholics from around France and the world honored the firefighters who saved Notre Dame Cathedral, praying Sunday at a special Easter Mass for a swift reconstruction of the beloved monument.

The fire that engulfed Notre Dame during Holy Week forced worshippers to find other places to attend Easter services, and the Paris diocese invited them to join Sunday's Mass at the grandiose Saint-Eustache Church on the Right Bank of the Seine River.

Paris Archbishop Michel Aupetit handed over a bible that had been rescued from Notre Dame to the firefighters, who held a place of honor at Sunday's service.

Faithfuls attend a Sunday Mass at the grandiose Saint-Eustache church on the Right Bank of the Seine river in Paris, Sunday, April 21, 2019.

Faithfuls attend a Sunday Mass at the grandiose Saint-Eustache church on the Right Bank of the Seine river in Paris, Sunday, April 21, 2019. (AP Photo/Francisco Seco)

Aupetit thanked city officials for their support amid "the drama" of last Monday's fire, and "especially you, those for whom this Mass is dedicated" — the firefighters who struggled for nine hours to contain flames that consumed Notre Dame's roof and collapsed its spire.

FAMILY FROM VIRAL NOTRE DAME CATHEDRAL PHOTO FOUND, DAD CHOOSES TO STAY ANONYMOUS

He notably thanked fire service chaplain Jean-Marc Fournier, who saved the most precious thing for Catholics from the fire, the chalice containing consecrated hosts that for Catholics are the body of Christ.

Police and a soldier guarded the entry to Sunday's Mass, creating a long line to check bags before visitors could enter the 13th-century Saint-Eustache Church. It was unclear if the extra security was linked to an Easter Sunday attack on churches and hotels in Sri Lanka that killed at least 190 people and wounded nearly 500 others.

Notre Dame's parishioners were joined by Catholics and others from around France and beyond. An Associated Press reporter heard at least six languages being spoken in the crowd.

NOTRE DAME CATHEDRAL KEPT STANDING AMID FIRE WITH GIANT ROBOT ‘COLOSSUS’

"Everyone is affected by what happened to Notre Dame," said Parisian Michel Ripoche. "Easter is a holiday we celebrate every year, all our lives. Clearly what happened at Notre Dame added to the importance" of today's service.

The archbishop of Paris and Catholics from around France and the world honored the firefighters who saved Notre Dame Cathedral, praying Sunday at a special Easter Mass for a swift reconstruction of the beloved monument.

The archbishop of Paris and Catholics from around France and the world honored the firefighters who saved Notre Dame Cathedral, praying Sunday at a special Easter Mass for a swift reconstruction of the beloved monument. (AP Photo/Francisco Seco)

Peggy Godley, visiting from Chicago with her husband and two daughters, "wanted to see what it was like to celebrate a Mass in Paris."

"We didn't get to see Notre Dame. We were hoping to be there, but it's too late," she said.

Faithfuls attend a Sunday Mass at the grandiose Saint-Eustache church on the Right Bank of the Seine river in Paris, Sunday, April 21, 2019.

Faithfuls attend a Sunday Mass at the grandiose Saint-Eustache church on the Right Bank of the Seine river in Paris, Sunday, April 21, 2019. (AP Photo/Francisco Seco)

Notre Dame isn't expected to reopen to the public for five or six years, according to its rector, although the French president is pushing for a quick reconstruction. Investigators believe the fire was an accident, possibly linked to renovation work.

CLICK HERE FOR THE FOX NEWS APP

Notre Dame Rector Patrick Chauvet told The Associated Press on Good Friday that he has "plenty of hope, because I believe that from this suffering there will be a renaissance."

He said he would fight for speedy rebuilding work.

Culture Minister Franck Riester said Sunday that most of the sensitive spots in the cathedral have been stabilized, including support structures above its prized rose windows.

"There remain some sensitive points in the vaulted ceiling, and so teams from the Culture Ministry, construction companies are working to remove the rubble that remains on the ceiling and progressively cover it up. And after that, we can say that the Notre Dame of Paris is saved," he said on France-2 television.

Source: Fox News World

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

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

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

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

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

School authorities instituted a similar measure in 2016.

Source: Fox News World

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

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

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

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

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

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

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEED FOR CASH

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STATE COMPETITION

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

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

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

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

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

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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

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

Title

Artist