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Off the Seychelles, a dive into a never-seen landscape

The submersible dropped from the ocean's surface faster than I had expected. With a loud "psssssss" the air escaped from the ballast tanks and the small craft suddenly tilted forward.

Within seconds, aquanaut Robert Carmichael and I were enveloped by a vibrant shade of blue, watching streaks of sunlight pierce the water's surface. Soon a large manta ray appeared from the darkness below, gently gliding toward our small craft before vanishing into the distance.

The dive took place off a coral atoll called St. Joseph in the outer islands of Seychelles on a mission to explore the Indian Ocean. This body of water is poorly studied and few scientists have ever ventured deeper than the maximum scuba depth of 100 feet.

For more than a month researchers from Nekton, a British-led scientific research charity, have been using submersibles to dive deep below the waves to document the ocean's health.

We arrived at St. Joseph Island in the early hours of the morning, and this was the first submersible dive at the new site. The sea bed suddenly appeared beneath our craft, a landscape no one had ever seen before.

I quickly scribbled down in the mission report the depth and time at which we sighted the bottom: "165 feet, 1144 UTC." Carmichael, a veteran of the sea, relayed the information to the surface via an underwater telephone. Its loud static noise would be a constant of our dive.

We moved across a seabed of rock and sand and scattered soft coral until a great darkness opened ahead. Carmichael lowered us over the side of an underwater cliff. Our target depth was 400 feet.

Oceans cover over two-thirds of the Earth's surface but remain, for the most part, unexplored.

Their role in regulating our climate and the threats they face are underestimated by many people, so scientific missions are crucial to take stock of the health of underwater ecosystems.

Able to operate down to 1,000 feet, these manned submersibles give scientists a unique understanding of changes in habitats as sunlight diminishes through the different layers of ocean. We glided with the current as six cameras mounted around the craft recorded its journey. In the months to come, researchers at Oxford will comb through the footage frame by frame, noting each species encountered.

Suddenly a drop of cold water landed on my arm, triggering alarm. Water is best kept on the outside of a submersible. Carmichael quickly put me at ease: The difference in temperature between the water around us and our submersible had created a layer of condensation on the hatch. We quickly soaked it up with towels.

It was curiosity that drew Carmichael to the ocean. "I just wanted to know what was down here," he said. "It's stunning in so many ways."

This curiosity has attracted mankind for centuries. "The human mind is naturally drawn to grandiose notions of supernatural beings, and the sea is the ideal medium for them," wrote Jules Verne, author of "20,000 Leagues Under the Sea," possibly the greatest submarine novel of all time, which opens with fears over a mysterious sea monster sinking ships and harvesting the lives of sailors.

Thirty years after reading the novel as a child, I'm sitting in a tiny glass bubble observing the underwater world like Captain Nemo on board the novel's submarine, Nautilus. We are foreigners to this realm, objects of fascination for the reef shark that approaches us, as curious of us as we are of it.

Even in the 19th century, Verne feared the extinction of numerous species of marine life. The fears have been proven true. A WWF report found that marine vertebrate populations have declined by almost half since the 1970s.

Fishing is no longer the sole cause. Man-made pollution, global warming and the acidification of the oceans are new challenges.

As the oceans slowly soak up heat from the atmosphere, marine species will be affected in different ways. Some will adapt. Some will migrate to cooler waters. Others will disappear, leaving a gap in ecosystems that have existed for millennia.

"I came into the Indian Ocean hoping I'd see a giant Napoleon wrasse," Carmichael said of one of the world's largest reef fish. "Here we are, 35 days into the mission and I still haven't seen one."

Maybe we're just not diving in the right places. Maybe the reality is bleaker.

As the surveys ended and the currents became too strong to fight, the surface vessel ordered our submersible to return to the surface.

With the lights off, we floated a few minutes in the semi-darkness before the sound of ballast tanks emptying marked our slow ascent. The dark blue water around us lightened.

"The oceans are all connected and important to the quality of life for all humans," Carmichael said. "It's worth protecting because the air we breathe and the food we eat and the oceans we swim in really do have a meaningful impact on everyone's life."

Source: Fox News World

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Police: Suspect injured during arrest may have lost eyesight

Las Cruces police say a knife-wielding shoplifting suspect accused of trying to steal a vehicle after stabbing mall employees may have lost his eyesight because of injuries suffered when police fired bean-bag rounds 15 times and stun guns 23 times to subdue him.

The Las Cruces Sun-News reports that Police Chief Patrick Gallagher said during a Friday news conference that a multi-agency task force will investigate the March 23 incident involving 31-year-old Joshua James LeNoir.

Police released a 17-second police video clip showing projectiles being fired at a man who stood up, turned away from officers and walked away.

A police spokesman said LeNoir is at a rehabilitation facility after being released from a hospital.

Court records don't list a defense attorney for LeNoir who could comment on the allegations.

Source: Fox News National

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Trump tells GOP to back border emergency, but defeat likely

Republican opposition grew Thursday to President Donald Trump's declaration of a national emergency at the southwest border as the Senate chugged toward a showdown vote that seemed certain to rebuff him despite his last-minute warnings.

GOP Sens. Lamar Alexander of Tennessee and Mitt Romney of Utah Romney became the sixth and seventh Republicans to say they'd vote Thursday for a resolution to annul the border emergency Trump declared last month.

Just four GOP defections would ensure the measure would be sent to the White House, where Trump has promised a veto. There is no indication that foes of his declaration have the votes to overturn his veto, and Trump said as much at midday.

"It's not going to be overturned," he said firmly at the White House.

He did not answer when reporters asked if there would be consequences for Republicans who vote against him. But a White House official said Trump won't forget when senators want him to attend fundraisers or provide other help. The official spoke on condition of anonymity because they were not authorized to speak publicly on internal deliberations.

Trump wants to use his declaration to steer $3.6 billion more than Congress has approved for building border barriers than Congress has approved.

On the Senate floor, Alexander — one of the chamber's more respected lawmakers — said Trump's emergency action was "inconsistent with the U.S. Constitution that I took an oath to support," citing the power Congress has to control spending. Romney, his party's 2012 presidential nominee, used a written statement to called Trump's declaration "an invitation to further expansion and abuse by future presidents."

The defections by the two high-profile lawmakers added weight to the growing list of GOP opponents to his border emergency, and left little doubt that the Republican-run Senate would snub Trump. The challenge in a battle related to his signature issue — building barriers along the Mexican border — is striking.

On Twitter, Trump called on Republicans to oppose the resolution, which House Speaker Nancy Pelosi, D-Calif., helped drive through the House last month.

"Today's issue is BORDER SECURITY and Crime!!! Don't vote with Pelosi!" he tweeted, invoking the name of a Democrat who boatloads of GOP ads have villainized in recent campaign cycles.

Republicans had hoped that if Trump would endorse a separate bill by Sen. Mike Lee, R-Utah, constraining emergency declarations in the future, it would win over enough GOP senators to reject the resolution blocking his border emergency.

But Trump told Lee on Wednesday that he opposed Lee's legislation, prompting Lee himself to say he would back the resolution thwarting the border emergency in Thursday's vote. Trump tweeted Thursday if Congress wants to amend the law governing emergency declarations in the future, "I will support those efforts."

Trump's rejection of Lee's proposal left many Republicans boxed in: defy Trump and the conservative voters who back him passionately, or assent to what many lawmakers from both parties consider a dubious and dangerous expansion of presidential authority.

Other GOP senators who've said they'd vote to overturn Trump's border emergency were Thom Tillis of North Carolina, Susan Collins of Maine, Lisa Murkowski of Alaska and Rand Paul of Kentucky.

Tillis, though, has wavered in recent days. He and Collins face potentially competitive re-election fights in 2020.

Republicans control the Senate 53-47.

"Congress has been giving far too much legislative power to the executive branch," Lee said. He said he'd vote to block Trump's emergency because his own bill "does not have an immediate path forward."

Sen. Lindsey Graham, R-S.C., who is backing Trump, went to the White House late Wednesday to see if some compromise could be reached that would help reduce the number of GOP senators opposing the border emergency, according to a person familiar with the visit who described it on condition of anonymity. Trump's Thursday comments indicated the visit didn't produce results.

Under a four-decade-old law, presidents have wide leeway in declaring a national emergency. Congress can vote to block a declaration, but the two-thirds majorities required to overcome presidential vetoes make it hard for lawmakers to prevail. Presidents have never before declared an emergency after Congress voted to deny them money for the same purpose.

Lee proposed letting a presidential emergency last 30 days unless Congress votes to extend it. That would have applied to future emergencies but not Trump's current order unless he sought to renew it next year.

The strongest chance of blocking Trump is likely several lawsuits filed by Democratic state attorneys general, environmental groups and others.

___

Associated Press writers Catherine Lucey and Jill Colvin contributed to this report.

Source: Fox News National

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US trade gap falls 15 percent to $51.1 billion in January

The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Shipments of American goods to China skidded to the lowest level in more than eight years as the world's two biggest economies remained locked in a trade war.

The Commerce Department said Wednesday that the gap between what the United States sells and what it buys from other countries dropped by 14.6 percent, to $51.1 billion in January, from $59.9 billion in December. Exports rose 0.9 percent to $207.3 billion, and imports dropped 2.6 percent to $258.5 billion.

The deficit with China narrowed by 6.4 percent to $34.5 billion. Goods exports to China dropped 22.3 percent to $7.1 billion, lowest since September 2010; Chinese imports dropped 9.6 percent to $41.6 billion.

Source: Fox News National

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Source: InfoWars

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Nkechi Diallo, aka Rachel Dolezal, reaches settlement in welfare fraud case

The onetime president of the NAACP’s Spokane, Wash., chapter, Rachel Dolezal, reached a settlement with the state last month regarding her welfare fraud case.

Dolezal, who made headlines in 2015 after her claims of being African-American were debunked by her own parents, reached a diversion agreement on March 25 that required her to pay restitution and complete 120 hours of community service, her attorney confirmed to KXLY on Thursday.

“I think it’s a fair and equitable resolution of the matter,” Dolezal attorney Bevan Maxey said. “I don’t believe she tried to obtain benefits that she wasn’t entitled to. Needless to say, she’s been through a lot. I believe this is the appropriate way to solve it.”

Dolezal, 41, who changed her name to Nkechi Diallo in 2016, was arrested in May 2018 on charges of first-degree theft by welfare fraud, perjury in the second degree and false verification for public assistance, FOX 28 reported.

She allegedly collected close to $9,000 in state assistance from the period between August 2015 and November 2017, despite depositing more than $80,000 during that same time frame.

Her 2015 book, “In Full Color,” is what tipped investigators off that she had been cashing in on book sales, speaking engagements and other sales.

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Maxey told KXLY that if Dolezal agrees to the terms of the agreement, her charges will be dismissed.

“I think she’s anxious to move beyond this and move forward with a productive life. She’s a very intelligent and creative woman.”

Fox News’ Amy Lieu contributed to this report.

Source: Fox News National

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William Weld: Trump Needs Someone to Challenge His Stances

It's important to have somebody who will "put the president to his proofs" and to challenge him on his stances, former two-term Massachusetts Gov. William Weld, who has announced his primary challenge against President Donald Trump, said Tuesday.

"You ask him some questions, like, why do you think it's good to insult our military allies, why do you praise dictators?" Weld told MSNBC's "Morning Joe." "Is it because you wish the United States was more dictatorial? I'm afraid that might be the case. Why are you so angry about everything all the time?"

Weld, who also ran for vice president on the 2016 Libertarian party ticket headed by Gary Johnson, said his plan is to enlarge the electorate by targeting independents, millennials, female voters and others, as he did when he ran for governor in Massachusetts.

He also struck back at people who say they don't like Trump's style, but they do like his substance.

"It's not style when you're as angry all the time and uncurious as this president is," said Weld. "For example, the president insists that global warming is a hoax. Well, does he think those scientists who did those measurements are making money off the deal and lying about the results of the scientific examination? It just betrays a lack of homework and not really thinking ahead about what to do."

Weld also said as president, he'd push for the education displaced workers need in the wake of new technology, including making community college free for them.

Source: NewsMax Politics

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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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