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Sudan’s military rulers arrest ousted president’s brothers

Sudan's new military rulers say two brothers of ousted President Omar al-Bashir have also been arrested, over corruption.

The official news agency SUNA is quoting the spokesman of the military council, Gen. Shams Eddin Kabashi, as saying on Thursday that Abdullah and Abbas al-Bashir were arrested as part of the sweep against officials from the former government.

The Sudanese military ousted Omar al-Bashir last week, after four months of street protests against his 30-year rule marred by conflict, civil war and corruption. Al-Bashir is also wanted for genocide and crimes against humanity by the International Criminal Court for atrocities committee in the western region of Darfur.

The military council, which took over after al-Bashir's ouster, said the former president was transferred on Tuesday to a prison in the capital, Khartoum.

Source: Fox News World

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Trump discusses China and ‘political fairness’ with Google CEO

FILE PHOTO - U.S. President Trump meets with Fabiana Rosales, wife of Venezuelan opposition leader Juan Guaido, at the White House in Washington
FILE PHOTO - U.S. President Donald Trump listens during a meeting with Fabiana Rosales, wife of Venezuelan opposition leader Juan Guaido at the White House in Washington, U.S., March 27, 2019. REUTERS/Carlos Barria

March 27, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said he met with the chief executive of Alphabet Inc’s Google on Wednesday and discussed “political fairness” and the company’s business in China.

“He stated strongly that he is totally committed to the U.S. Military, not the Chinese Military,” Trump said on Twitter of his meeting with Google CEO Sundar Pichai.

“Also discussed political fairness and various things that @Google can do for our Country. Meeting ended very well!,” Trump said.

(Reporting by Eric Beech; Editing by Mohammad Zargham)

Source: OANN

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Brexit: Deutsche Bank ups likelihood of no-deal, turns bearish on sterling

FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt
FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach/File Photo

April 1, 2019

LONDON (Reuters) – Deutsche Bank said on Monday it has increased the likelihood of Britain crashing out of the European Union without a deal on April 12 and has turned tactically bearish on the pound as chaos over the outcome of the prolonged process deepened.

The bank said it has raised its estimate for the chances of a no-deal Brexit to 25 percent from 20 percent and given the increasingly high probability of no deal, it is targeting an exchange rate of 90 pence per euro.

It pegged the chances of Parliament failing to reach consensus in indicative votes later on Monday and the withdrawal agreement being passed by the April 12 deadline at 15 percent and kept its other Brexit forecasts unchanged.

For a graphic on No-deal Brexit probabilities, see – https://tmsnrt.rs/2Ua88Pc

For an interactive chart on this, click on: https://tmsnrt.rs/2Ua88yG

For a graphic on No-deal Brexit probabilities, see – https://tmsnrt.rs/2VlgLGT

(Reporting by Josephine Mason and Helen Reid, Editing by Helen Reid)

Source: OANN

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The Latest: Longest round of Afghan peace talks concludes

The Latest on peace talks in Qatar between the Taliban and the U.S. (all times local):

8:20 p.m.

The longest round of Afghanistan peace talks yet between the U.S. and the Taliban have ended in Qatar, with both sides saying progress has been made.

U.S. peace envoy Zalmay Khalilzad tweeted Tuesday night that "conditions for peace have improved."

He added: "It's clear all sides want to end the war. Despite ups and downs, we kept things on track and made real strides."

The Taliban in a statement said "the conditions for #peace have improved."

Khalilzad said the two sides made two "draft agreements" on troop withdrawal and "counterterrorism assurances." He said he'd travel to Washington and consult with others.

The militant group said: "For now, both sides will deliberate over the achieved progress, share it with their respective leaderships and prepare for the upcoming meeting, the date of which shall be set by both negotiation teams."

___

Pakistan's foreign minister says "progress has been made" at ongoing peace talks in Qatar between the Taliban and the U.S. that have stretched over two weeks.

Shah Mahmood Qureshi spoke on Tuesday at a news conference with German Foreign Minister Heiko Maas in Islamabad.

Qureshi didn't elaborate, though he added: "Pakistan has encouraged all factions within Afghanistan to sit together and have a meaningful intra-Afghan dialogue."

The talks between U.S. envoy Zalmay Khalilzad and Taliban representatives have gone on days longer than initially expected in Doha, the Qatari capital.

The U.S. had asked Pakistan to assist in its efforts to find a negotiated peace with the Taliban to end the longest war in American history.

The Taliban refuse to negotiate with Kabul, which isn't taking part in the Qatar talks.

Source: Fox News World

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UK attorney general says no legal means of exiting backstop unilaterally

Britain's Attorney General Geoffrey Cox is seen outside Downing Street in London
FILE PHOTO: Britain's Attorney General Geoffrey Cox is seen outside Downing Street in London, Britain, March 12, 2019. REUTERS/Toby Melville

March 12, 2019

LONDON (Reuters) – Attorney General Geoffrey Cox said on Tuesday a revised divorce deal with the European Union had not given Britain legal means of exiting the so-called backstop arrangement unilaterally if “intractable differences” arose.

Cox’s advice is crucial to winning over euroskeptic lawmakers in Prime Minister Theresa May’s Conservative Party, and she had hoped that revisions to a Brexit deal over the Irish backstop, or protocol, secured late on Monday would offer enough assurances to get her deal through parliament.

“However, the legal risk remains unchanged that if through no such demonstrable failure of either party, but simply because of intractable differences, that situation does arise, the United Kingdom would have … no internationally lawful means of exiting the Protocol’s arrangements, save by agreement.”

(Reporting by Elizabeth Piper, editing by William James)

Source: OANN

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‘Abenomics’ architect predicts Japan to go ahead with sales tax hike

Japan's Prime Minister Shinzo Abe speaks to media after phone talks with U.S. President Donald Trump after second North Korea-U.S. summit, in Tokyo
Japan's Prime Minister Shinzo Abe speaks to media after phone talks with U.S. President Donald Trump (not pictured) after second North Korea-U.S. summit, at Abe's residence in Tokyo, Japan February 28, 2019. REUTERS/Issei Kato

March 26, 2019

By Leika Kihara and Kaori Kaneko

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe will likely proceed with a scheduled sales tax hike in October even though slowing global demand and soft wage growth could weigh on the economy, one of the architects of the premier’s stimulus policies said.

Kozo Yamamoto, a senior ruling party lawmaker with close ties to Abe, also said there was not much more the Bank of Japan can do to jump-start the economy under its current policy framework that targets interest rates.

“It was a mistake,” Yamamoto said of the BOJ’s decision in 2016 to change its policy target to interest rates instead of the pace of money printing, adding that rate cuts are not as effective a tool as large-scale asset purchases.

“The BOJ ought to buy government bonds more aggressively,” but doing so would be difficult under the current framework, Yamamoto told Reuters on Tuesday.

Yamamoto said he opposes raising the sales tax to 10 percent from 8 percent in October as wages remain weak, but could not convince Abe to put off the twice-delayed hike when the two spoke about it at length in May 2018.

“The prime minister told me while I may be theoretically right, it was politically difficult” to put off the hike, Yamamoto said. Asked whether he believes this remains Abe’s thinking, the legislator said: “I think so.”

AGGRESSIVE SPENDING

The government should increase spending if the tax hike hurts the economy too much, Yamamoto said.

Yamamoto played a key role in drafting the “Abenomics” stimulus policies that combined bold monetary easing, flexible fiscal policy and structural reform.

He has been a vocal advocate of aggressive fiscal spending and has consistently urged the BOJ to ramp up bond buying to reflate the economy.

Sino-U.S. trade tensions and slowing Chinese demand have hit Japan’s exports and output, fuelling concerns a postwar record growth cycle driven by Abenomics may be over.

While some analysts speculate Abe could put off the sales tax hike again, the premier has repeatedly said it will proceed unless a shock on the scale of Lehman Brothers’ collapse in 2008 hits the global economy.

The government has pledged to use some proceeds from the hike to make education more affordable.

After years of heavy asset buying failed to fire up inflation to its 2 percent target, the BOJ shifted in 2016 to a policy called yield curve control (YCC) that guides short-term rates at minus 0.1 percent and long-term yields around zero.

The central bank has steadily slowed the pace of its bond buying in what some market players describe as “stealth” tapering.

(Additional reporting by Sumio Ito; Editing by Richard Borsuk)

Source: OANN

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Report: Patriots agree to two-year deal with Gostkowski

FILE PHOTO: Super Bowl LIII - New England Patriots v Los Angeles Rams
FILE PHOTO: NFL Football - Super Bowl LIII - New England Patriots v Los Angeles Rams - Mercedes-Benz Stadium, Atlanta, Georgia, U.S. - February 3, 2019. New England Patriots' Stephen Gostkowski reacts after missing a field goal. REUTERS/Mike Segar

April 9, 2019

The New England Patriots and kicker Stephen Gostkowski have agreed to a two-year contract, ESPN reported Tuesday.

The 35-year-old Gostkowski has been the club’s kicker since 2006. He replaced Adam Vinatieri, who had departed to the Indianapolis Colts as a free agent.

Gostkowski, a four-time Pro Bowl selectio, has made 367 of 420 field-goal attempts during 13 seasons with New England. He was 27 of 32 last season.

Gostkowski has 1,743 career points, and has led the NFL in scoring on five occasions. He has topped 140 points in a season seven times.

He is 39 of 44 on field goals in 28 postseason appearances.

–Field Level Media

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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