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

Amazon lifts restriction on sellers criticized as anti-competitive: source

FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol

March 11, 2019

(Reuters) – Amazon.com has decided to stop telling third-party sellers on its platform that they cannot offer lower prices on competing websites, a source said on Monday.

The source gave no details on the decision.

The decision comes in the wake of a letter from Senator Richard Blumenthal arguing that the practice would “stifle market competition and artificially inflate prices.” The letter is dated Dec. 19, 2018 and was sent to Federal Trade Commission Chairman Joseph Simons.

(Reporting by David Shepardson; Editing by Lisa Shumaker)

Source: OANN

0 0

Farage’s Brexit Party Leapfrogs Tories To Lead European Election Polls

Support for the Tories is plunging following Theresa May’s latest Brexit can-kick (a six-month extension until Halloween), and as cross-party talks for a Brexit compromise stall, it appears Nigel Farage’s newly formed Brexit Party is emerging as the biggest winner from all the Brexit chaos.

Brexit

According to the latest YouGov poll, the second in two days, Farage’s newly formed party, which enjoyed its official coming-out party on Friday during a rally in Coventry, has leapfrogged both establishment parties in the upcoming European Parliamentary elections.

That poll put the Brexit Party at 23%, Labour at 22% and the Conservatives at 17%. Change UK, the group of MPs who defected from the Conservatives and Labour earlier this year, were at 8%, just behind the Green Party, 10%, and the Liberal Democrats, 9%.

Statista


Regulations being enacted by the EU/UN actually benefit Big Tech and the globalist agenda of censorship. Alex breaks down solutions for President Trump to act on to keep America from this digital tyranny.

Intriguingly, the report suggest the Brexit Party has drawn supporters from UKIP following Farage’s departure – after quitting UKIP late last year, Farage slammed the party as Islamophobic.

This is an improvement from polls carried out just days ago, which showed support for the Brexit Party climbing, though it was still behind the two dominant parties and UKIP.

Brexit

According to the latest reading, a large number of Brexit Party backers are former Tories who are furious at Theresa May.

During the party’s launch, Farage, who was flanked by Aunnunziata Rees-Mogg, the sister of Jacob Rees-Mogg, said: “I do believe that we can win these European elections and that we can again start to put the fear of God into our members of parliament in Westminster.They deserve nothing less than that after the way they’ve treated us over this betrayal.”

Farage heralded the latest poll results on Twitter:

Anthony Wells, YouGov’s director of political research, attributed the party’s popularity to ‘good branding.’

“They’ve got very good branding – it does what it says on the tin. If you want to say ‘I support Brexit’ you’ve got a party there that is called the Brexit Party. That probably does help them in away that Change UK does not help The Independent Group.”

He also credited the bump to publicity from their launch.

“Some of the surge is that people didn’t realise that Nigel Farage is now the Brexit Party not Ukip, but some of it might be that it is in the immediate aftermath of them getting lots of publicity from their launch.”

Farage led UKIP to victory in the 2014 European Parliament elections, when it topped the poll with 26.6% of the vote. But the party’s popularity has plunged under new leader Gerard Batten.

If Farage succeeds in leading the Brexit Party – which he said has dozens of candidates ready to participate in the race – to victory, then Brussels will have a serious problem on its hands: A coalition of anti-establishment eurosceptics from Italy, Hungary, Poland, the UK and elsewhere who will form a significant plurality in the European Parliament.

Source: InfoWars

0 0

Greek PM: Turkish fighter jets harassed helicopter

Greece's prime minister says Turkish fighter jets harassed the helicopter he was traveling on during a visit to a remote Greek island to celebrate independence day.

Alexis Tsipras said he was "welcomed" by Turkish fighter jets violating Greek airspace during his arrival Monday on the small eastern Aegean island of Agathonissi.

The move forced the helicopter pilot to carry out low maneuvers until Greek fighter jets arrived to deflect the Turkish aircraft, Tsipras said.

Greece and Turkey have long had tense relations and are divided over several issues, including territorial disputes in the Aegean. Athens often complains Turkish fighter jets violate its airspace.

Tsipras stressed Greece is committed to dialogue and cooperation with Turkey, but that if necessary "we will do what our ancestors taught us, to defend our country."

Source: Fox News World

0 0

FNC’s Tucker Carlson Worries About CNN Brian Stelter’s Hunger Pangs, Sends Him A Dozen Jelly Donuts

Betsy Rothstein | Reporter

It’s a modern day media mystery.

Fox News host Tucker Carlson sent CNN Chief Media Correspondent Brian Stelter a dozen jelly donuts. Stelter received them Wednesday in New York, but so far has not reached out to Carlson in response. Sources tell The Mirror that Stelter was thrilled to get the delicate pastries but agitated and confused by the gesture. He told a number of people he had no idea what the point was.

Was it a peace offering? Maybe. It’s hard to get inside anyone’s brain or stomach. But what is certain is that there are more jelly donuts on Stelter’s horizon. From what I’m told, as many as he needs.

The donuts came from Dunkin’ Donuts. The box was signed with a Sharpie: “Brian! Enjoy. All best, Tucker Carlson.”

Stelter did not return an email request for comment.

Here’s what I asked: “I understand that Tucker Carlson sent you a dozen jelly donuts yesterday. Why do you think that is and do you plan to thank him or warm up the icy relations between you two? Do you consider this an apology of sorts? Would donuts suffice after he called you a ‘eunuch’? Lastly, did you eat them and were they good?”

Someone who knows him well said it’s likely he enjoyed the donuts even if he didn’t understand the reason for their arrival: “I’m pretty sure he snuck the box into the bathroom and scared them in a stall.”

Stelter’s longtime nemesis at Fox News is usually Sean Hannity. But in recent weeks, Stelter has badmouthed Carlson on CNN, clearly siding with a Media Matters “journalist” who dug up old conversations that Carlson had with shock jock Bubba the Love Sponge.

On last week’s show, Stelter went so far as to question the mental of health of Fox News, saying he really wanted the network to be “healthy.”

“For the record, if Tucker Carlson is watching, I don’t want Fox shut down,” he said, making himself out to be a big person even though he seriously insulted another network. “I just want Fox News to be a healthy part of the media ecosystem, and the spread of misinformation that happens on these programs is unhealthy. It’s as simple as that.” (RELATED: CNN’s Brian Stelter Questions Fox News’s Sanity)

Instead of being an unbiased media reporter, Stelter has taken it upon himself to question President Trump‘s mental health and now the mental stability of Fox News.

Carlson isn’t typically bubbly or warm toward Stelter. In fact, the donuts are probably the most kind gesture Carlson has shown Stelter in all the time they’ve known each other. Carlson has repeatedly called Stelter a “palace eunuch” on his prime-time program.

In January, Carlson told his viewers that Stelter was reading CNN President Jeff Zucker‘s talking points about Russia. Zucker had declared that anyone who is not spreading fear of Russia is doing the bidding of Russia.

“So the eunuch heads to the steps of the palace and reads the proclamation,” Carlson said. “Message received, thank you very much.” (RELATED: Tucker Carlson Calls Brian Stelter His Boss’s Marionette’)

Full disclosure: Carlson is one of the founders of The Daily Caller. 

Source: The Daily Caller

0 0

Tech giants will have to be regulated in future: EU’s Timmermans

FILE PHOTO: Frans Timmermans, the newly elected Party of European Socialists President, speaks during the Party of European Socialists annual meeting in Lisbon
FILE PHOTO: Frans Timmermans, the newly elected Party of European Socialists President, speaks during the Party of European Socialists annual meeting in Lisbon, Portugal, December 8, 2018. REUTERS/Pedro Nunes/File Photo

March 18, 2019

BERLIN (Reuters) – The European Union and authorities around the world will have to regulate big technology and social media companies at some stage to protect citizens, the deputy head of the European Commission said on Monday.

First Vice President Frans Timmermans said introducing regulations would work better if online platforms, such as Google and Facebook, worked with authorities.

Big tech has been criticized by politicians in the United States and Europe over issues ranging from Facebook’s losing track of users’ data to how Google ranks search results.

“At some point, we will have to regulate,” Timmermans told the World Policy Forum in Berlin. “The first task of any public authority is to protect its citizens – and if we see you (tech giants) as a threat to our citizens, we will regulate and if you don’t work with us, we will probably regulate badly.”

Last month, the EU accused Alphabet’s Google, Facebook and Twitter of falling short of promises to combat fake news before the European Parliament elections in May, after they signed a voluntary code of conduct to stave off regulation.

Facebook said on Monday it would increase efforts to fight misinformation before the vote and would partner with German news agency DPA to boost fact checking.

Friday’s massacre in New Zealand has put social media giants in the spotlight. The assault in Christchurch was live-streamed by an attacker through his Facebook profile for 17 minutes, according to a copy seen by Reuters. Facebook said it removed the stream after being alerted by police.

Timmermans said pressure for regulation would come from beyond Europe. “I think globally there will be a call to regulate,” he said.

(Reporting by Paul Carrel; Editing by Edmund Blair)

Source: OANN

0 0

Sudanese protest organizers to announce interim council

Sudanese protest organizers say they will announce an interim ruling council they want to see take over from the military that ousted President Omar al-Bashir after months of street protests against him.

The Sudanese Professional Association, which has been behind the four months of protests against al-Bashir, released a statement on Friday saying they will announce the makeup of a "civilian presidential council" at a press conference in Khartoum on Sunday.

The Sudanese military ousted al-Bashir last week and set up a military council to run the country for a maximum of two years.

The protesters fear the army, dominated by al-Bashir appointees, will cling to power or select one of its own to succeed him.

The demonstrators are pressing on with their sit-in outside the military headquarters in Khartoum.

Source: Fox News World

0 0

China central bank pledges more policy support as bank lending slides

FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee

March 10, 2019

By Kevin Yao and Yawen Chen

BEIJING (Reuters) – China’s central bank on Sunday pledged to further support the slowing economy by spurring loans and lowering borrowing costs, following data that showed a sharp drop in February’s bank lending due to seasonal factors.

The central bank is widely expected to ease monetary policy further this year to encourage lending especially to small and private firms vital for growth and job creation.

The central bank’s “prudent” monetary policy will emphasize on counter-cyclical adjustments, said People’s Bank of China (PBOC) Governor Yi Gang, using a phrase that implies the need to fight an economic slowdown.

“The global economy still faces some downward pressure and China faces many risks and challenges in its economy and financial sector,” Yi said at a press conference on the sidelines of the country’s annual meeting of parliament.

There is still some room for the PBOC to cut reserve requirement ratios (RRRs), although the amount of room is less compared with a few years ago, Yi said.

The PBOC has cut the amount of cash that commercial banks need to set aside as reserves five times in the past year to spur lending to small businesses in the private sector. The RRR for big banks is now at 13.5 percent and the ratio for small- to medium-size banks is at 11.5 percent.

Yi said lending rates for small firms are still relatively elevated due to higher risk premiums and the central bank will forge ahead with reforms to lower such risk premiums.

High risk premiums on loans to small firms reflect commercial banks’ traditional reluctance to extend credit to the sector because of concerns about their creditworthiness.

PBOC data on Sunday showed new bank loans in China fell sharply in February from a record the previous month, but the drop was likely due to seasonal factors, while policymakers continue to press lenders to help cash-strapped firms stay afloat.

A pull-back in February’s tally had been widely expected as Chinese banks tend to front-load loans at the beginning of the year to get higher-quality customers and win market share.

Chinese banks made 885.8 billion yuan ($131.81 billion) in net new yuan loans in February, down sharply from a record 3.23 trillion yuan in January, when several other key credit gauges also picked up modestly in response to the central bank’s policy easing.

Yi said combined January-February new loans and total social financing (TSF), a broad measure of credit and liquidity in the economy, could paint a more accurate picture as they showed a rise of 374.8 billion yuan and 1.05 trillion yuan from a year earlier, respectively.

DEBT DEFAULTS

Analysts say China needs to revive weak credit growth to help head off a sharper economic slowdown this year, but investors are worried about a further jump in corporate debt and the risk to banks as they relax their lending standards.

Corporate bond defaults hit a record last year, while banks’ non-performing loan ratio notched a 10-year high.

Pan Gongsheng, a vice governor at the PBOC, told the same briefing that China will control the amount of bond defaults in 2019, using both legal and market means.

Pan conceded that bond defaults increased last year, but the level of defaults was not high compared with China’s average bad loan ratio.

Premier Li Keqiang told parliament on Tuesday that monetary policy would be “neither too tight nor too loose”. Li also pledged to push for market-based reforms to lower real interest rates.

Chinese policymakers have repeatedly vowed not to open the credit floodgates in an economy already saddled with piles of debt – a legacy of massive stimulus during the global financial crisis in 2008-09 and subsequent downturns.

Sources have told Reuters the central bank is not ready to cut benchmark interest rates just yet, but is likely to cut market-based rates.

Yi said the downward trend in TSF has been initially curbed and broad M2 money supply growth will be more or less in line with nominal gross domestic product growth in 2019, Yi added.

Central bank data showed growth of outstanding TSF, a rough gauge of broad credit conditions, slowed to 10.1 percent in February from January’s 10.4 percent, versus a record low of 9.8 percent in December.

M2 money supply grew 8.0 percent in February from a year earlier, missing forecasts, the central bank data showed. Yi said China’s macro leverage ratio, or the amount of debt relative to GDP, was at 249.4 percent at the end of 2018, a fall of 1.5 percentage points from a year earlier, Yi said.

Analysts note there is a time lag before a jump in lending will translate into growth, suggesting business conditions may get worse before they get better.

Most economists expect a rocky first half before conditions begin to stabilize around mid-year as support measures begin to have a greater impact.

China’s economic growth is expected to cool to around 6.2 percent this year, a 29-year low, according to Reuters polls.

Growth slowed to 6.6 percent last year, with domestic demand curbed by higher borrowing rates and tighter credit conditions and exporters hit by the escalating trade war with the United States.

(Additional reporting by Ryan Woo and Lusha Zhang; Editing by Michael Perry)

Source: OANN

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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!
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!

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

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

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

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