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Mueller report expected to be released Thursday morning

The Justice Department is expected to release Special Counsel Robert Mueller's Russia report to the public on Thursday morning.

Attorney General Bill Barr testified last Wednesday that he planned to have the report available to Congress and to the public with redactions "within a week," maintaining his original vow to release Mueller's full report by mid-April.

Last month, Mueller submitted his more than 300-page report to the Justice Department for the attorney general, and Deputy Attorney General Rod Rosenstein, for review. Barr released a summary of the report, stating that the special counsel found no evidence of collusion between members of the Trump campaign and the Russians during the 2016 presidential election.

This is a breaking news story. Check back for updates.

Source: Fox News Politics

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Volkswagen plans electric vehicle plant with JAC in China: local government

Man uses phone under VW logo at the auto show in Shanghai
FILE PHOTO: A man uses phone under a Volkswagen logo at the Shanghai Auto Show, in Shanghai, China April 20, 2017. REUTERS/Aly Song

April 25, 2019

By Yilei Sun and Norihiko Shirouzu

BEIJING (Reuters) – German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.

A document posted online by the Hefei Economic and Technological Development Area on Monday showed that Volkswagen and JAC had obtained approval from environmental authorities to build a plant capable of producing 100,000 all-electric battery cars a year.

Volkswagen Group China on Thursday confirmed the numbers that had been included in previous official documents and said JAC-Volkswagen would launch its first model soon.

A spokesperson for the joint venture confirmed plans for the plant, saying the approval represented an “orderly advancement of the project”, and the venture’s first electric model, the E20X, will be launched this year.

GO GREEN

The German company, China’s largest foreign automaker with sales of 4.21 million cars on the mainland and Hong Kong in 2018, has pledged to ramp up production of zero-emission vehicles as part of its growth strategy in the country.

Volkswagen has said it plans to produce more than 22 million electric cars in the next 10 years, with over half of them built in China. It plans to launch 14 new energy vehicle models in China this year.

VW’s joint venture with JAC, approved in 2017, said last year it would launch a research and development center. It also planned to introduce the SEAT brand to China by 2020-2021.

Reuters reported this month that Volkswagen is in talks with South Korean battery maker SK Innovation to accelerate electric vehicle development.

China’s car market, the world’s largest, contracted for the first time last year since the 1990s. However, the new energy vehicle segment is still growing rapidly and NEV sales jumped 61.7 percent to 1.3 million units in 2018.

The China Association of Automobile Manufacturers has said new energy vehicle sales could hit 1.6 million units this year.

Volkswagen has started building a $2.5 billion new energy vehicle plant in Shanghai with SAIC Motor Corp Ltd, which will make VW’s luxury Audi AG brand cars.

SAIC Volkswagen said the new plant would have an annual capacity to make 300,000 cars and begin production from 2020.

(Reporting by Yilei Sun and Norihiko Shirouzu in Beijing; Editing by Christopher Cushing and Darren Schuettler)

Source: OANN

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Trump says he doesn’t mind if public sees Mueller’s Russia probe report

U.S. President Trump departs on travel to Ohio from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs on travel to Ohio at the White House in Washington, U.S., March 20, 2019. REUTERS/Kevin Lamarque

March 20, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he does not mind if the public is allowed to see the report that Special Counsel Robert Mueller is preparing about his investigation of Russian meddling in the 2016 presidential election and any possible links to the Trump campaign.

Mueller is preparing to submit a report to U.S. Attorney General William Barr on his findings, including Russia’s role in the election and whether Trump unlawfully sought to obstruct the probe. Trump has denied collusion and obstruction. Russia has denied interfering in the election.

Barr already is coming under pressure from lawmakers to make the entire document public quickly, though he has wide latitude in what to release.

The U.S. House of Representatives voted 420-0 last week on a nonbinding resolution calling for Mueller’s report to be released both to Congress and to the public, but it is not clear how the measure will fare in the Senate.

Answering questions from journalists at the White House, Trump said he had no idea when the report would be released, adding, “no collusion, no collusion” and “we’ll see if it’s fair.”

Asked if the public should be allowed to see the report, Trump said: “I don’t mind.”

“Let it come out, let people see it, that’s up to the attorney general … and we’ll see what happens,” he added.

(Reporting by Steve Holland; Writing by David Alexander; editing by Tim Ahmann and Jonathan Oatis)

Source: OANN

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Philippine water shortage affects more than 6 million people

More than 6 million people have been affected by a water shortage in large areas of the Philippine capital and a nearby province, with long lines forming for rationed water.

A spokesman for Manila Water Co. Inc., Jeric Sevilla, said Thursday that water supplies will be cut for several hours a day for 6.8 million people in more than a million households until the rainy season fills dams and reservoirs in May or June.

The company says a spike in demand and reduced water levels in a dam in the sweltering summer are the culprits, exacerbated by El Nino weather conditions.

Congress is to hold inquiries next week into the cause of the crisis.

Source: Fox News World

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AT&T posts surprise gain in quarterly wireless phone subscribers

FILE PHOTO: An AT&T logo is pictured in Pasadena
FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo

April 24, 2019

(Reuters) – AT&T Inc on Wednesday posted a surprise gain in first quarter net wireless subscribers who pay a monthly bill, as it rolled out a series of price-cut promotions for smartphones.

The second-largest U.S. wireless carrier by subscribers added a net 80,000 phone subscribers, while analysts were expecting a loss of 44,000 subscribers, according to research firm FactSet.

Total revenue rose to $44.83 billion from $38.04 billion, falling short of analysts’ expectations of $45.11 billion, according to IBES data from Refinitiv.

(Reporting by Akanksha Rana in Bengaluru and Sheila Dang in New York; Editing by Shailesh Kuber)

Source: OANN

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Dolphin strandings increase along Southern California coast

Experts are concerned about an increase in dolphin strandings along the Southern California coast.

The Pacific Marine Mammal Center said it has responded to six beached dolphins this month and received reports of two others.

Necropsies have been performed on all the dolphins to try to determine the cause of the strandings.

The strandings began with three common dolphins beaching themselves on Feb. 4. One washed up dead at Huntington Beach and two more were rescued alive at Laguna Beach but had to be euthanized after examination.

A dead bottlenose dolphin washed ashore at Corona del Mar on Feb. 10, followed five days later by a common dolphin. Both were pregnant.

The most recent stranding was a common dolphin at Corona del Mar on Feb. 18.

Source: Fox News National

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Woman steals ambulance from New Mexico hospital ‘to get heroin,’ police say

A woman was arrested Saturday after stealing an ambulance from a New Mexico hospital and driving it around in circles to look for heroin before crashing it, police said.

Ashley Ulibarri, 25, allegedly stole the vehicle from the University of New Mexico Hospital where she was a patient, the Albuquerque Journal reported, citing a criminal complaint.

NEW MEXICO MAN ARRESTED AFTER POLICE ALLEGEDLY FIND DOZENS OF DIAMONDS IN ANAL CAVITY

She was discharged from the hospital and went into an ambulance, which had its doors open, the newspaper reported. She then allegedly drove the vehicle around and got into a different ambulance.

Ulibarri allegedly drove the second ambulance down a street before hitting a pole and getting stuck, according to the Albuquerque Journal. She reportedly then hopped onto a gurney and pretended she was a patient.

She allegedly told an officer she “wanted to get heroin so she took the ambulance to find some.” She told police she hurt her back in the crash and was taken back to the hospital, the paper reported.

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Ulibarri faces an unlawful taking of a motor vehicle charge.

Source: Fox News National

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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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