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Sen. Rubio Objects to Trump's Revoking NKorea Sanctions

President Donald Trump's tweet on withdrawal of North Korea sanctions was unprecedented and "shouldn't have happened that way," according to Sen. Marco Rubio, R-Fla.

"I've never seen that before from this or any administration, so something happened here," Sen. Rubio told NBC's "Meet the Press" on Sunday.

Undoing sanctions requires "a long interagency process," Rubio told host Chuck Todd, adding President Trump acting unilaterally is "unusual" and unprecedented.

"Frankly, look, I think people around the world would look at it and say from now on, when they hear about sanctions, they're going to ask for a double confirmation from the White House," Rubio told Todd.

"So, look, I wish it hadn't happened that way, and it shouldn't have happened that way."

The Treasury Department announced large scale sanctions against North Korea for their nuclear weapons program, but President Trump quickly tweeted a revocation of them shortly after Friday:

"It was announced today by the U.S. Treasury that additional large scale sanctions would be added to those already existing sanctions on North Korea. I have today ordered the withdrawal of those additional sanctions!"

Rubio's rejection of President Trump's work to denuclearize North Korea, negotiating with Kim Jong Un is based on skepticism on the part of Kim, not any doubt about Trump. 

"I would love for Kim Jong Un to give up his weapons and everything else," Rubio said. "And I don't criticize the president for trying. I just never believed he would. I don't believe he ever will.

"I'm not skeptical because I want it to fail; I'm skeptical because I believe it will fail."

Source: NewsMax Politics

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U.S. labor unions say NAFTA replacement does not go far enough for workers

FILE PHOTO: U.S. Trade Representative Lighthizer hold
FILE PHOTO: U.S. Trade Representative Robert Lighthizer holds a "Trump Playbook" document as he stands behind U.S. President Donald Trump as the president announces the United States-Mexico-Canada Agreement (USMCA) during a news conference in the Rose Garden of the White House in Washington, U.S., October 1, 2018. REUTERS/Leah Millis

March 26, 2019

By Chris Prentice and David Lawder

NEW YORK/WASHINGTON (Reuters) – U.S. labor officials on Tuesday pressed lawmakers to strengthen enforcement of the provisions of the United States-Mexico-Canada Agreement (USMCA) intended to protect workers, the latest sign that the trade deal could face hurdles to passage in the Democrat-led House of Representatives.

Renegotiation of the North American Free Trade Agreement (NAFTA) was one of President Donald Trump’s campaign promises and part of his broader push for better terms of trade for the United States. He has said that bad deals have cost millions of jobs.

Representatives from some of the largest and most influential unions in the United States told lawmakers on Tuesday that the reworked pact does not go far enough to ensure improvement of wages and working conditions, especially for Mexican workers.

“All the NAFTA renegotiation efforts in the world will not create U.S. jobs, raise U.S. wages or reduce the U.S. trade deficit if the new rules do not include clear, strong and effective labor rules that require Mexico to abandon its low wage policy,” Celeste Drake of the American Federation of Labor and Congress of Industrial Organizations said at a House Ways and Means subcommittee hearing.

In late 2018, the leaders of the United States, Mexico and Canada signed the deal to replace NAFTA, but it has yet to be reviewed and ratified by Congress. Trade among the three countries totals more than $1 trillion.

Democrats, who took control of the House of Representatives in January, have traditionally been skeptical of free trade agreements and sympathetic to labor groups. Their support is essential to USMCA’s passage.

USMCA requires its three signatories to maintain labor laws in line with international standards, and to enforce them. But critics have called the agreement’s enforcement mechanism insufficient, saying it will still allow weak unions and resulting low wages in Mexico, while failing to stanch the flight of U.S. factories to lower-cost Mexico.

NAFTA, launched in 1994, put labor provisions in an unenforceable addendum to the agreement, allowing Mexican wages to stagnate despite a flood of factory investment from U.S. companies.

“The (USMCA) labor chapter is an improvement. The problem is the enforceability mechanism,” said Shane Larson, a director with the Communications Workers of America, advocating for reopening the agreement.

Autoworkers, too, are concerned about the new agreement, despite provisions aimed at requiring more vehicle value content produced in North America and in high-wage areas in the United States and Canada.

USMCA “takes some positive steps but doesn’t measure up to being able to make more good-paying jobs now and going forward,” said Josh Nassar, legislative director of the United Auto Workers union.

The imposition of NAFTA led to decades of lost jobs for autoworkers, who watched U.S. factories close as manufacturers moved production to Mexico.

House Democrats have greeted USMCA coolly, telling U.S. Trade Representative Robert Lighthizer earlier this month about their concerns about labor enforcement and provisions that could lock in higher drug prices.

“This agreement is a continuation of the assault on the American middle class,” Brian Higgins, a Democratic representative from New York, said on Tuesday at the hearing.

The Trump administration is lobbying to persuade Congress to ratify USMCA this year. Trump visited Capitol Hill on Tuesday to meet with Senate Republicans, and was due to discuss the trade pact with House Republicans later in the afternoon.

(Reporting by Chris Prentice in New York and David Lawder in Washington; editing by Simon Webb and Steve Orlofsky)

Source: OANN

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Dykstra sues ex-Mets teammate Darling, alleges defamation

FILE PHOTO: Former Major League baseball player Lenny Dykstra appears in Los Angeles Superior Court for an arraignment in San Fernando, California
FILE PHOTO: Former Major League baseball player Lenny Dykstra appears in Los Angeles Superior Court for an arraignment in San Fernando, California August 8, 2011. REUTERS/Danny Moloshok

April 9, 2019

Former New York Mets outfielder Lenny Dykstra has sued ex-teammate Ron Darling, alleging defamation over comments Darling made about him in his new book.

TMZ Sports reported Tuesday that the lawsuit was filed in New York. Dykstra wants Darling to pay damages for “defamation and intentional infliction of emotional distress.”

Dykstra, 56, also wants a judicial injunction to keep further copies of the book from being sold.

Darling has stood by an allegation he made in his book that Dykstra shouted racial slurs at Boston Red Sox pitcher Dennis “Oil Can” Boyd in the 1986 World Series.

“I heard what I heard and I put it in the book for a reason,” Darling said last week’s on ESPN’s “Golic and Wingo,” referring to his new book titled, “108 Stitches: Loose Threads, Ripping Yarns, and the Darndest Characters from My Time in the Game.”

In the book, released last week, Darling wrote that Dykstra was “shouting every imaginable and unimaginable insult and expletive in his (Boyd’s) direction — foul, racist, hateful, hurtful stuff” while in the on-deck circle. Further, Darling wrote that the insults were “worse than anything Jackie Robinson might have heard.”

–Field Level Media

Source: OANN

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Euro zone banks in Britain must be ready for Brexit by March

FILE PHOTO: EU flags outside the EU Commission headquarters in Brussels
FILE PHOTO: European Union flags are seen outside the EU Commission headquarters in Brussels, Belgium November 14, 2018. REUTERS/Francois Lenoir/File Photo

February 18, 2019

FRANKFURT (Reuters) – Euro zone banks operating in Britain must be prepared for Brexit by March as any remaining supervisory concerns should have been address in the coming weeks, European Central Bank supervisory chief Anrea Enria said on Monday.

“With regard to euro area-based banking groups with operations in the United Kingdom, the current focus is on risk management, trading capabilities and the future activities of branches in the United Kingdom,” Enria said on Monday.

“The ECB expects banks to have addressed any remaining concerns by March this year,” Enria said at a European Parliament event in Brussels.

He also said that the majority of authorization procedures for London-based banks relocating to the euro zone have been completed or will be completed in the coming weeks.

(Reporting by Balazs Koranyi; Editing by Francesco Canepa)

Source: OANN

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The Latest: Police standoff on Atlanta-area freeway ends

The Latest on a freeway standoff outside Atlanta (all times local):

11:50 a.m.

Video from a TV news helicopter showed police pulling a man from a car — the apparent end to a lengthy standoff that played out in the middle of an Atlanta freeway.

More than a dozen police officers with guns drawn had filled four lanes of I-75 near Atlanta, bringing Friday morning traffic to a standstill.

Marietta police said an armed driver had stopped on the freeway and wasn't cooperating with officers. Police had followed the vehicle to I-75 since it matched the description from an armed robbery nearby.

Police said all southbound lanes of Interstate 75 were shut down as they tried to negotiate with the man by phone.

News photos showed that the man was alive as he was carried away by police. No injuries have been reported.

___

10:55 a.m.

More than a dozen police cars and officers standing outside with their guns drawn filled four lanes of a freeway near Atlanta, bringing traffic to a standstill as they confronted an armed motorist.

Marietta police said in a brief statement that a driver stopped on the freeway was armed and not cooperating with police Friday morning.

The southbound lanes of Interstate 75 were shut down just northwest of Atlanta. Police described the motorist as a "non-compliant driver."

Few other details were immediately available, and no injuries were immediately reported.

Traffic was backed up for miles. The standoff comes on a particularly busy day on Atlanta highways as people are traveling through the city on their way to spring break destinations.

The situation was unfolding near SunTrust Park, the home of the Atlanta Braves, but no game was planned Friday.

Source: Fox News National

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JPMorgan trades banker offices for shared desks

JP Morgan Chase & Co. corporate headquarters in New York
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files

February 22, 2019

By Elizabeth Dilts

NEW YORK – JPMorgan Chase & Co is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities.

Shared workspaces have been relatively slow to catch on at banks, but JPMorgan is following recent renovations by some rivals, which designers tout as cost cutting and productivity boosting. Still, bankers who covet the status and privacy of personal offices are in for big changes.

When JPMorgan renovated two floors at its Mission Street office in San Francisco last month, it replaced many offices with diner-style booths, designated quiet zones and communal tables for the roughly 250 investment bankers and other employees there.

Noah Wintroub, a San Francisco-based vice chairman of investment banking at JPMorgan who focuses on tech and media companies, said he lobbied for the open-desk layout, though it may be a culture shock for some.

“We have historically been very hierarchical. When you become a managing director you have this kind of office,” Wintroub said.

The bank already set up hot desking for investment bankers in Hong Kong, said David Arena, JPMorgan’s head of global corporate real estate. It was able to cut costs by putting more people on fewer floors.

Arena did not say if U.S. renovations will help JPMorgan shrink its real estate footprint. He noted limits to the approach, saying it is “counter-productive if too many people are squeezed into one space.”

JPMorgan is also redesigning offices in Phoenix and Columbus, Ohio. It did not say if there were any plans to include hot desks at the bank’s New York main office, which is currently under construction.

Goldman Sachs Group Inc tore down walls in its New York asset management office in 2017, and Morgan Stanley, is redesigning its midtown Manhattan headquarters to move brokers, traders and tech employees closer together, according to media reports.

Multiple users sharing one workstation has been common at tech and consulting companies for more than a decade, and a 2015 study by industry group the International Facility Management Association found a majority of businesses now use hot desking for at least some staff.

But the layout was slower to take hold in banking, where a cultural resistance stems in part from the need to take confidential calls in private, according to the report.

Offices were also status symbols, and sitting at a communal table instead of one’s own glass office is a big shift for investment bankers.

Some will still have offices, including Wintroub, though he said he prefers to sit with others in the open area and use his office as a conference room.

(Reporting By Elizabeth Dilts; Editing by Meredith Mazzilli)

Source: OANN

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Sudan military expected to announce end to Bashir rule: sources

FILE PHOTO: Sudanese President Omar al-Bashir delivers a speech inside Parliament in Khartoum
FILE PHOTO: Sudanese President Omar al-Bashir delivers a speech inside Parliament in Khartoum, Sudan April 1, 2019. REUTERS/Mohamed Nureldin Abdallah/File Photo

April 11, 2019

By Khalid Abdelaziz

KHARTOUM (Reuters) – Sudan’s armed forces will make an important announcement soon, state television said on Thursday as troops were deployed in Khartoum and sources reported a coup attempt against President Omar al-Bashir after months of protests.

“The armed forces will present an important statement shortly. Be ready for it,” the announcement on state television read, without giving further details.

Sudanese sources said the army will likely announce a transition of power from Bashir to a council headed by military figures to end Bashir’s 30 years in power.

A Sudanese source told Reuters Bashir was under house arrest with a number of aides at the presidential palace.

The army and security services deployed troops around the defense ministry and on major roads and bridges in Khartoum as thousands of people flocked to an anti-government protest outside the ministry, a Reuters witness said.

Tens of thousands of Sudanese marched through the center of the capital Khartoum in jubilation, dancing and chanting anti-Bashir slogans. .

Protesters outside the defense ministry chanted: “It has fallen, we won.”

Al Arabiya TV reported that Bashir had resigned, but this was not confirmed.

State television and radio played patriotic music, reminding older Sudanese of how military takeovers unfolded during previous episodes of civil unrest.

DIVISIVE FIGURE

Bashir, a former paratrooper who seized power in a bloodless coup in 1989, has been a divisive figure who has managed his way through one internal crisis after another while withstanding attempts by the West to weaken him.

Sudan has suffered prolonged periods of isolation since 1993, when the United States added Bashir’s government to its list of terrorism sponsors for harboring Islamist militants. Washington followed up with sanctions four years later.

Bashir has also been indicted by the International Criminal Court (ICC) in The Hague over allegations of genocide in Sudan’s Darfur region during an insurgency that began in 2003.

The latest crisis has escalated since the weekend, when thousands of demonstrators began camping out outside the Defence Ministry compound in central Khartoum, where Bashir’s residence is located.

Clashes erupted on Tuesday between soldiers trying to protect the protesters and intelligence and security personnel trying to disperse them. At least 11 people died in the clashes, including six members of the armed forces, the information minister said citing a police report.

Since Dec. 19, Sudan has been rocked by persistent protests sparked by the government’s attempt to raise the price of bread, and an economic crisis that has led to fuel and cash shortages

Opposition figures have called for the military to help negotiate an end to Bashir’s nearly three decades in power and a transition to democracy.

The demonstrators at the Defence Ministry had said that they wanted to submit a petition for the armed forces to take their side in their attempt to remove Bashir and his Islamist-backed administration.

(Reporting by Khalid Abdelaziz and Mohamed El Sherif, writing by Sami Aboudi; Editing by Simon Cameron-Moore, Michael Georgy and Giles Elgood)

Source: OANN

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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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