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Estonian prosecutor says Browder complaint against Swedbank added to Danske probe

FILE PHOTO: Swedbank sign is seen on the top of the bank's Latvian head office in Riga
FILE PHOTO: Swedbank sign is seen on the top of the bank's Latvian head office in Riga, Latvia, April 9, 2019. REUTERS/Ints Kalnins/File Photo

April 12, 2019

STOCKHOLM (Reuters) – Estonian prosecutors said on Friday a criminal complaint against Swedish lender Swedbank over potential money laundering brought by investor Bill Browder would be added to an ongoing investigation into Danske Bank.

“Depending on the information gathered during the investigation the prosecutor can decide, whether, or which parts of the criminal investigation should be separated into a stand-alone investigation,” the prosecutor’s office said in an emailed statement.

Estonia’s prosecutors said earlier this month they had received a criminal complaint against Swedbank from Browder and would decide whether to start an investigation based on that complaint.

(Reporting by Simon Johnson; editing by Niklas Pollard)

Source: OANN

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Greenpeace Co-Founder Moore: Climate Crisis 'Fake,' AOC 'Twit'

Dr. Patrick Moore, whose claims of being a Greenpeace co-founder are again being denied by the organization, insisted Tuesday that claims of a climate crisis are "fake news," and ridiculed Rep. Alexandria Ocasio-Cortez's, D-N.Y., "Green New Deal" as unworkable while explaining why he had called her a "pompous little twit" earlier this month.

"It's a silly plan," Moore told Fox News' "Fox & Friends." "That's why I suggested that she was a pompous little twit, twit meaning silly in the British lexicon and pompous meaning arrogant. She really rubbed me the wrong way when she said she's the boss. Because she can make up a proposal that's completely ridiculous and no one else did."

Moore said Tuesday "of course climate change is real," but the "whole climate crisis, as they call it, is not only fake news, it's fake science . . . a little bit of warming would not be a bad thing for myself, being a Canadian. And the people in Russia wouldn't mind a little couple of degrees warmer either."

President Donald Trump tweeted Moore's quote on the climate crisis, adding a "wow!" at the end of his comment, but Greenpeace spoke out about Moore and his comments.

Greenpeace, however, has long denied Moore was a co-founder, even though he had been listed as one on its websites until around 2007, reports The Daily Caller. The organization tweeted Tuesday it does not agree with his statements.

"Patrick Moore was not a co-founder of Greenpeace," Greenpeace USA tweeted. "He does not represent Greenpeace. He is a paid lobbyist, not an independent source. His statements about @AOC & the #GreenNewDeal have nothing to do with our positions."

Source: NewsMax Politics

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WTA roundup: Anisimova, Sharma into final at Bogota

FILE PHOTO: Tennis: Miami Open
FILE PHOTO: Mar 20, 2019; Miami Gardens, FL, USA; Amanda Anisimova of the United States reaches for a backhand against Andrea Petkovic of Germany (not pictured) in the first round of the Miami Open at Miami Open Tennis Complex. Geoff Burke-USA TODAY Sports

April 14, 2019

Sixth-seeded American Amanda Anisimova overcame a slow start to rally past Brazilian qualifier Beatriz Haddad Maia 4-6, 7-6 (2), 6-2 on Saturday and reach the Claro Open Colsanitas final in Bogota, Colombia.

It will be the second career final appearance for the 17-year-old Anisimova, who hadn’t won on clay in two years before entering the tournament. She had 13 chances to break Haddad Maia through the first two sets but converted only one, then converted three of four in the final set to wrap up victory in 2 hours and 40 minutes.

In the final, Anisimova will face Australia’s Astra Sharma, who downed former Bogata champion Lara Arruabarrena of Spain 7-5, 6-1 to also reach her first career final. Sharma, 23, completed the victory in just 66 minutes, breaking Arruabarrena — the 11th seed, who reached the final in 2017 and 2018 after winning it in 2012 — four times in five chances.

Anisimova and Sharma have never faced each other in WTA play.

Samsung Open

Polish 17-year-old Iga Swiatek was nearly flawless in her semifinal against the Czech Republic’s Kristyna Pliskova, cruising to a 6-0, 6-1 victory in Lugano, Switzerland, to reach her first career final.

Swiatek needed just 54 minutes to claim victory, despite having to save seven break points on her own serve, including two in the final game before two match points. She converted five of eight opportunities on Pliskova’s serve, winning the first nine games of the match overall.

Opposing Swiatek in the final will be Slovenia’s Polona Hercog, who dispatched France’s Fiona Ferro 7-5, 6-4 in 92 minutes. Hercog is seeking the third title of her career and her first since July of 2012 (Swedish Open). Her only final appearance since that victory came last April at the Istanbul Cup.

–Field Level Media

Source: OANN

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Senegal votes: Meet the five candidates running for president

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Senegal, one of West Africa's most stable democracies, will be holding a presidential election on Sunday. Reuters' correspondent in Dakar, Sofia Christensen, takes a look at the candidates in the running.

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Trump surprises by revoking North Korea sanctions immediately after Treasury imposes them

President Trump abruptly announced Friday that he was withdrawing sanctions on North Korea, immediately after his own Treasury Department imposed them.

“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!” Trump tweeted Friday afternoon.

This was an apparent reference to sanctions the Treasury Department had announced Thursday on Chinese shipping companies doing business with North Korea. Those sanctions prompted swift pushback from the Chinese and North Korea governments.

TRUMP ADMINISTRATION SLAPS NEW SANCTIONS ON IRAN

When asked about the president’s tweet, White House Press Secretary Sarah Sanders said: “President Trump likes Chairman Kim and he doesn’t think these sanctions will be necessary.”

The Treasury Department did not immediately respond to Fox News’ request for comment.

The president's unusual move comes after his second summit with North Korean leader Kim Jong Un, held last month in Hanoi, Vietnam. Trump walked out of that summit after refusing to agree to the North’s demands of lifting all sanctions.

In what had been a move to ratchet up pressure further, the Treasury Department on Thursday had imposed the sanctions on two Chinese-based companies to highlight “the deceptive methods that the North Korean regime uses to circumvent international and U.S. sanctions, as well as the U.S. Government’s commitment to implement existing UN Security Council resolutions.”

“The United States and our like-minded partners remain committed to achieving the final, fully verified denuclearization of North Korea and believe that the full implementation of North Korea-related UN Security Council resolutions is crucial to a successful outcome,” said Treasury Secretary Steven T. Mnuchin said in a statement Thursday. “Treasury will continue to enforce our sanctions, and we are making it explicitly clear that shipping companies employing deceptive tactics to mask illicit trade with North Korea expose themselves to great risk.”

KIM JONG UN WILLING TO SIT DOWN WITH TRUMP AGAIN, NORTH KOREA STATE MEDIA SAYS

On Friday, the Chinese foreign ministry pushed back on the sanctions, saying that they “resolutely oppose any country imposing unilateral sanctions and long-armed jurisdiction over Chinese entities under its own domestic laws.”

“We have made solemn complaints with the U.S. on this matter, urging the U.S. to immediately stop such mistakes, so as not to affect the cooperation between the two sides on relevant issues,” the Chinese Foreign Ministry said, adding that any Chinese enterprises and individuals would be investigated according to China’s laws.

Fox News' Kellianne Jones, Kristin Brown and David Nath contributed to this report. 

Source: Fox News Politics

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Erdogan sees win in local poll, but loses Turkish capital

Turkish President Recep Tayyip Erdogan has declared victory in Sunday's local elections but the opposition's win in the capital has dealt a significant blow to his party's dominance.

Unofficial results published in state media show the secular Republican People's Party or CHP's candidate won the metropolitan mayor seat of Ankara. The capital city was held by Erdogan's Justice and Development Party, or AKP, and its Islamic-oriented predecessor for 25 years.

Both the CHP and AKP candidates declared victory in the race for mayor in Istanbul, Turkey's largest city, though vote count is still underway and unofficial results too close to call.

The AKP made gains in southeastern provinces that were strongholds for a pro-Kurdish party.

Source: Fox News World

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RNC Rips Dems in Right to Vote Controversy

The Republican National Committee blasted Sen. Kamala Harris, D-Calif. for being open to Sen. Bernie Sanders I-Vt., suggestion that everyone should have the right to vote – even the Boston Marathon bomber.

At a CNN Town Hall, Sanders, who is running for president, argued democracy demands that right for every American.

Asked if he believed that should include sex offenders, the Boston Marathon bomber, terrorists and murderers, Sanders replied, “Yes, even for terrible people…”

A short time later, Harris, who also is  making a White House run, was asked at her CNN town hall session, if she agreed with Sanders.

“I think we should have that conversation,” she said. CNN posted a video of her remarks on its Twitter account.

But in an email blast, the RNC took issue with the Democrats.

“2020 Democrats continue to show that there is no radical policy supported by Bernie Sanders that they will not endorse,” said Steve Guest of the RNC. “Minutes after Bernie said that he would let terrorists vote from jail, Kamala Harris said “we should have that conversation” about allowing the Boston Marathon bomber to vote from prison. Instead of endorsing Bernie’s extreme policies, Democrats should be condemning them."

Source: NewsMax Politics

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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

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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

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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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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

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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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