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German court reinstates murder verdict for race drivers

A German court has upheld the murder conviction of two men whose midnight race in downtown Berlin ended in the death of another driver.

Hamdi H. and Marvin N. in 2016, then 26 and 24, raced at 170 kph (106 mph) on Berlin's Kurfuerstendamm boulevard until Hamid H. ran into a Jeep, killing the 69-year-old driver.

They were sentenced to life in prison in 2017 — the first time anyone was convicted of murder for a drag-racing fatality.

That verdict was overturned on appeal last year, after a federal court ruled the crime didn't meet the legal requirements for murder and ordered a retrial.

But the Berlin State Court reinstated the earlier verdict Tuesday, saying their actions had gone beyond negligence and they knew they could result in death.

Source: Fox News World

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Jimmy Carter says Trump called him to discuss US-China relations

Former President Jimmy Carter reportedly said Sunday that President Trump had given him a call the previous night to discuss relations with China.

Speaking during a church service in Georgia on Sunday, Carter – the longest living president in United States history – did not go into detail about his Saturday night conversation with Trump, but said that the current president was "rightly" concerned that "China is getting ahead of us," as NPR reported.

The White House Monday confirmed that Trump and Carter spoke.

"President Jimmy Carter wrote President Trump a beautiful letter about the current negotiations with China and on Saturday they had a very good telephone conversation about President Trump’s stance on trade with China and numerous other topics," the White House said in a statement. "The President has always liked President Carter and First Lady Rosalynn Carter, and extended his best wishes to them on behalf of the American people."

Former president Jimmy Carter, seen here in September 2018, reportedly said President Trump had called him to discuss China. (Scott Cunningham/Getty Images, File)

Former president Jimmy Carter, seen here in September 2018, reportedly said President Trump had called him to discuss China. (Scott Cunningham/Getty Images, File)

Carter, who in 1979 signed the accords that helped normalize relations with China, has been a strong voice in urging Washington and Beijing to find common ground and improve relations. Carter also has warned that the current trade conflict with China has distracted the two world powers.

JIMMY CARTER SMOOCHES WIFE ROSALYNN ON KISS CAM AT ATLANTA HAWKS GAME

China and the U.S. said recently they achieved new progress in talks aimed at ending a tariff standoff over Beijing's industrial and technology policies. A conclusion to the dispute, which has shaken financial markets, remained uncertain.

The two issues at the center of China-U.S. trade frictions have been forced technology transfer and intellectual property.

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The trade dispute between the two countries escalated last year after the U.S. made several complaints, including that China was stealing U.S. trade secrets and was forcing companies to give them technology to access its market. Trump imposed tariffs on $250 billion of Chinese imports. China retaliated with tariffs on about $110 billion of U.S. items.

The Associated Press contributed to this report. 

Source: Fox News Politics

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Teenage African migrants accused of hijacking tanker after sea rescue

One of the migrants charged with hijacking the merchant ship Elhiblu 1 is escorted by a police officer out of the Courts of Justice in Valletta
One of the migrants charged with hijacking the merchant ship Elhiblu 1 is escorted by a police officer out of the Courts of Justice in Valletta, Malta, March 30, 2019. REUTERS/Darrin Zammit Lupi

March 30, 2019

VALLETTA (Reuters) – Three teenage migrants were charged in a Maltese court on Saturday with hijacking a small commercial tanker that had rescued them and others off the coast of Libya.

The three, who have pleaded not guilty, were among 108 Africans rescued by the El Hiblu 1 tanker this week. They are accused of threatening the crew on Wednesday to try to force the boat to go to Malta and not take them back to Libya.

Maltese soldiers boarded the tanker without incident and escorted it to the Valletta harbor on Thursday.

The defendants are 15, 16 and 19 – one of them from Ivory Coast and the other two from Guinea. They pulled the hoods of their jackets over their faces as the were escorted out of court by police on Saturday.

EU states have been at loggerheads over migration since a spike in Mediterranean arrivals caught the bloc by surprise in 2015, stretching social and security services and fuelling support for far-right, nationalist and populist groups.

Sea arrivals have fallen from more than a million in the peak year to some 140,000 people last year, according to U.N. data. But political tensions around migration run high in the EU, especially ahead of European Parliament election in May.

(Reporting by Chris Scicluna; Editing by Andrew Heavens)

Source: OANN

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UK’s only female giant panda artificially inseminated at zoo

Britain's only female giant panda has been artificially inseminated in a bid to produce a cub.

Officials at Edinburgh Zoo in Scotland said Monday it's "far too early" to know if the procedure was a success. The zoo said Tian Tian had her annual health check on Sunday and was artificially inseminated "under expert veterinary care."

Tian Tian, 15, has had cubs in China but not in Britain, where she and male companion Yang Guang have lived since 2011. Her name means "sunshine."

There have been attempts to breed a cub every year since then, thus far without success. The zoo says the gestation period for a giant panda is typically about five months.

Source: Fox News World

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The Latest: Actress Allison Mack pleads guilty

The Latest on a trial centered on a cult-like group based in upstate New York (all times local):

12:50 p.m.

TV actress Allison Mack has pleaded guilty in a case involving a cult-like group based in upstate New York.

Mack entered her plea to racketeering charges on Monday, shortly before federal jury selection was scheduled to start in Brooklyn federal court.

The trial is expected to detail sensational allegations that the group, called NXIVM (NEHK'-see-uhm), recruited sex slaves for its spiritual leader, Keith Raniere.

Prosecutors accused Mack of helping Raniere recruit women to a secret sub-society within the group.

Authorities say the women were branded by a surgical tool with a symbol that resembled Raniere's initials. Mack has said in an interview that the group emphasized self-discipline and self-empowerment and she likened the branding to getting a tattoo, but cooler.

The defense says the women were never abused.

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6 a.m.

Jury selection is set to begin for a trial featuring sensational allegations that a cult-like group based in upstate New York turned women into sex slaves who were branded with the initials of its spiritual leader.

Potential jurors will be asked to fill out questionnaires Monday in federal court in Brooklyn.

Prosecutors say the purported self-help group called NXIVM formed a secret society of women who had unwanted sex with guru Keith Raniere.

Raniere and three co-defendants including heiress Clare Bronfman and TV actress Allison Mack have pleaded not guilty to conspiracy and other charges in the sex-trafficking case.

A judge hasn't ruled yet on requests by the co-defendants to get trials separate from Raniere.

Opening statements are scheduled for April 29.

Source: Fox News National

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Citgo raises $1.2 billion loan to run operations, refinance debt

FILE PHOTO: The Citgo Petroleum Corporation headquarters are pictured in Houston
FILE PHOTO: The Citgo Petroleum Corporation headquarters are pictured in Houston, Texas, U.S., February 19, 2019. REUTERS/Loren Elliott

March 28, 2019

(Reuters) – Citgo Petroleum, the U.S.-based unit of Venezuelan state-run oil firm PDVSA, said on Thursday it raised $1.2 billion through a five-year term loan to cover operating expenses and to refinance existing debt.

Citgo said it settled a $320 million accounts receivable securitization facility and a $900 million revolving credit line.

The financing would help Citgo fund its operations following U.S. sanctions and its split from the parent company, which remains under control of Venezuelan President Nicolas Maduro and a military-led management team.

Last week, Reuters reported that Citgo was looking to raise $1.8 billion through a three-year term loan.

Washington imposed sanctions and barred U.S. firms, including Citgo, from importing Venezuelan crude as part of a strategy to starve the Maduro government of oil revenue and force his ouster.

Since Venezuelan congress head Juan Guaido invoked the constitution to assume interim presidency in January, saying Maduro’s May 2018 re-election was illegitimate, a fierce battle has emerged for control of Citgo, Venezuela’s largest foreign asset, which has been valued at $8 billion to $13 billion.

Following the refiner’s announcement, ratings agency Fitch removed Citgo from “negative watch” on revolver refinancing and gave it a “stable” outlook.

(Reporting by John Benny in Bengaluru; Editing by Shailesh Kuber)

Source: OANN

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The uphill road: battery limitations to test China’s electric vehicle ambitions

FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing
FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Damir Sagolj

April 16, 2019

By Norihiko Shirouzu, Paul Lienert and Nick Carey

BEIJING/DETROIT (Reuters) – It took one 330 kilometer trip from Chongqing to Chengdu in his Nio ES8, a seven-seater all-electric SUV, for its owner Wang Haichun to be consumed with buyer’s remorse.

Despite being billed as capable of going 335 km on a single full charge, the ES8 didn’t get anywhere near that when driving on freeways at speeds above 100 km per hour (60mph), he said, adding that after 180 km, there was only 50 km of range left.

“We had to recharge the car once and drove with a high level of anxiety throughout, constantly having to keep an eye on the range meter,” the 44-year-old manager of a property firm said. Toward the end of the trip, he shut off the air conditioner and audio system to preserve power.

“I wouldn’t want to do that kind of trip again – ever.”

So unhappy was Wang, who paid 481,000 yuan ($71,700) for the vehicle, he sold it. He and his wife have since bought a Lexus NX300h gasoline-electric SUV.

Asked to comment on Wang’s experience, Nio Inc said in an e-mailed statement the ES8 can travel more than 200 km when constantly driven at a 100 km per hour and that battery swap stations are available for quick recharging. The statement did not address Nio’s advertising of 335 km on a single full charge.

In real world conditions, all-electric cars can sometimes fall far short of advertised ranges, car engineers say. That’s particularly so when driving at length on freeways or hilly terrain and in hot or cold weather.

The problem adds to drawbacks which have hindered wider acceptance – EVs have shorter driving ranges than gasoline vehicles anyway, are more expensive and take a long time to recharge.

China, Europe and the U.S. state of California have set ambitious requirements for automakers to dramatically increase EV sales over the next 5-10 years, but those goals are at risk unless EVs can come close to matching gasoline engine cars in cost and ease of use.

CHINESE AMBITIONS

In China, the country most aggressively pursuing the adoption of EVs and home to the world’s largest auto market, some of the industry’s biggest names believe pure battery electric cars will be as cheap as gasoline counterparts by 2025.

Those making that prediction include Ouyang Minggao, executive vice president of the EV100 forum, a think tank which is widely seen as the de facto voice of government policy.

“The turning point is coming. We believe that around 2025, the price of pure electric vehicles will achieve a big breakthrough,” he said in a speech in January.

Ouyang cited a reduction in battery costs to $100 per kilowatt hours from $150-$200 currently and a planned tightening of emissions rules in China which will make gasoline vehicles there more expensive.

But others in the EV industry are less optimistic.

“Chinese policymakers think EVs will become more like conventional gasoline cars as early as 2025. But that’s naive and all automaker engineers would agree with me,” said a veteran EV engineer at Honda Motor Co.

“Sure, there’s an EV boom but hybrids and plug-in hybrids will be needed as bridging technologies,” he said.

The engineer was one of five interviewed by Reuters for this article who believe it will take a decade before battery EVs achieve cost and performance parity with gasoline cars. Most were not authorized to speak to media and declined to identified when describing the shortcomings of EV technology.

But pressure to deliver parity will only grow as China rolls back subsidies while setting quotas for sales of new energy vehicles (NEVs). China wants NEVs – which also include hybrids, plug-in hybrids and hydrogen fuel cell vehicles – to account for a fifth of auto sales by 2025 compared with 5 percent now.

CUTTING COBALT

For most automakers, battery cells cost around $200/kWh, the engineers said, although costs for Tesla Inc are believed to be around $150/kWh, partly due to its much greater scale of production. Tesla declined to comment.

To cut costs, firms are working on slashing the use of cobalt, the most expensive part in lithium-ion batteries.

Firms such as China’s Contemporary Amperex Technology Co Ltd (CATL), BYD Co Ltd and South Korea’s SK Innovation Co Ltd are developing NMC 811 technology.

It uses 80 percent nickel, 10 percent manganese, 10 percent cobalt, while a conventional lithium-ion battery uses 60 percent nickel, 20 percent manganese and 20 percent cobalt. NMC 811 also delivers more energy density, meaning batteries will cost and weigh less.

Others are developing similar technologies with slightly different ratios. Batteries jointly produced by Tesla and Panasonic Corp substitute manganese with aluminum and use less cobalt than NMC 811.

Less cobalt and more nickel increases the risk that a battery cell will catch fire – a problem still being worked on. Even so, South Korean battery makers say the next generation of batteries due in three years or so will cost much less and offer much greater driving ranges.

But the engineers who spoke with Reuters caution that even if battery unit costs are brought down to $100/kWh, this would not necessarily translate into a steep decline in vehicle costs.

That’s because the investment to improve battery quality needs to be factored in, while the cars also need sophisticated battery management systems to prevent overheating and overcharging – adding thousands of dollars to their cost.

Toyota Motor Corp, which does not have a pure EV on the market currently, says it is concerned about battery durability. Battery capacity can drop by half over 5-10 years – the reason for low EV resale values, said Shigeki Terashi, executive vice president in charge of Toyota’s EV strategy.

“Falling EV battery capacity is not a major issue in China now because sales there have only recently begun, but in time this problem will likely become more evident,” he told Reuters in a interview.

RECHARGING TIMES

A longer term effort to improve batteries are solid state batteries, where the liquid or gel-form electrolyte in a lithium-ion battery is replaced with a solid. That could help double a battery’s energy density.

“That’s the holy grail,” says consultant Jon Bereisa, a former GM engineering director who spearheaded much of the automaker’s early lithium-ion battery development.

Many in the industry believe the technology is at least a decade away from mass-market commercial use.

“There are a lot of limitations to solid state drive..it will be very difficult to adopt the technology in the automotive applications used by the general public,” said YS Yoon, president of SK Innovation’s battery business.

Advances in recharging are also key to making electric vehicles mainstream. A big obstacle is heat, which increases resistance and in turn reduces the current.

Most EVs can get a partial charge in under half an hour, although several models due out in the next year can get close to a full charge in 20 minutes.

TE Connectivity is working with automakers to cut charging time to as little as 5 minutes and Chief Technology Officer Alan Amici says that goal may be attained in five years.

But others are sceptical. Bereisa thinks battery costs could achieve parity with gasoline cars by the late 2020s but his verdict on fast fueling parity is “maybe never”.

“It’s physics,” he said, adding that to charge an EV with the same amount of energy in the same amount of time as a gasoline car, you’d need a charger powerful “enough to run a small city”.

($1 = 6.7119 Chinese yuan)

(Reporting by Norihiko Shirouzu in Beijing, Paul Lienert and Nick Carey in Detroit; Additional reporting by Yilei Sun and Beijing newsroom; Joe White, Hyunjoo Jin and Heekyong Yang in Seoul, Naomi Tajitsu, Maki Shiraki and Makiko Yamazaki in Tokyo; Editing by Edwina Gibbs)

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)

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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)

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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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