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Venezuela hit by another power outage, Maduro blames sabotage

For the second time this month, Venezuela has been hit by a massive power outage, forcing students and workers to stay home Tuesday.

The outage struck as Venezuelans were still reeling from the last one, which left many of them without access to uncontaminated running water or other basic necessities. The latest blackout affected 21 of the country's 23 states.

As he did with the first outage, President Nicolas Maduro attributed the outage to sabotage by his opponents, including the U.S. government.

"A macabre, perverse plan constructed in Washington and executed with factions of the extreme Venezuelan right," Vice President Delcy Rodriguez declared on state television, describing it as an "electromagnetic" assault.

A man stands outside his home during a power outage in Caracas, Venezuela, Monday, March 25, 2019. A new power outage spread across much of Venezuela on Monday, knocking communications offline and stirring fears of a repeat of the chaos almost two weeks ago during the nation's largest-ever blackout.

A man stands outside his home during a power outage in Caracas, Venezuela, Monday, March 25, 2019. A new power outage spread across much of Venezuela on Monday, knocking communications offline and stirring fears of a repeat of the chaos almost two weeks ago during the nation's largest-ever blackout. (AP)

Officials said the "attack" had been controlled, but their assurances, similar to ones the last time around, did little to calm the anger of residents in Caracas who filled traffic-clogged streets as they walked home after subway service in the capital was suspended. Their patience grew increasingly thin when a second outage struck late into the night, leaving neighborhoods pitch black.

CUBAN DOCTORS ON MISSION IN VENEZUELA SAY THEY WERE FORCED TO TIE MEDICAL TREATMENTS TO VOTES FOR MADURO

On social media, Venezuelans reported outages in Caracas and much of western Venezuela. Some said residents were banging pots and pans in the darkness in a sign of the nation's mounting tensions. The latest outages come as President Nicolas Maduro tries to keep his grip on power amid a revived opposition movement and punishing economic sanctions from the United States.

Twenty-seven-year-old restaurant manager Lilian Hernandez said she was bracing for the worst.

"We Venezuelans suffer all kinds of problems," said Hernandez, who had just recently managed to restock food that spoiled during the previous outage.

People wait inside a darkened office building during a power outage in Caracas, Venezuela, Monday, March 25, 2019. The subway suspended service because of the power cuts Monday, as local media reported outages in at least six states.

People wait inside a darkened office building during a power outage in Caracas, Venezuela, Monday, March 25, 2019. The subway suspended service because of the power cuts Monday, as local media reported outages in at least six states. (AP)

The Trump administration, which has made no secret of its desire to remove Maduro, has denied any role in the outages. Electricity experts and opposition leader Juan Guaido fault years of government graft and incompetence.

"This outage is evidence that the dictator is incapable of resolving the crisis," Guaido wrote on Twitter Monday.

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“In the middle of the angst of darkness, when our people need to be assured during another blackout, how can they pretend to keep repeating the same excuses of ‘electrical war and sabotage?” Guaido wrote on his Twitter account. “They’re corrupt liars.”

Meanwhile, as Venezuela's economic and political crisis deepens, many seem resigned to continuous disruptions in their daily routines.

The Associated Press contributed to this report.

Source: Fox News World

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Ocasio-Cortez’s right-hand man mocked for supporting Bernie Sanders’ idea to allow felons to vote

Rep. Alexandria Ocasio-Cortez’s chief of staff has been slammed after saying prisoners are “most affected by unjust laws” while endorsing Sen. Bernie Sanders’ idea to allow convicted Boston Marathon bomber Dzhokhar Tsarnaev and other violent criminals to vote in elections.

“What's the reason NOT to let incarcerated people vote? Shouldn't the people most affected by unjust laws have some say in electing people to change them?" Saikat Chakrabarti said on Wednesday.

His comment came in the wake of Sanders’ eyebrow-raising admission earlier this week that he believes felons, including terrorists and those convicted of sexual assault, should have a right to vote.

TRUMP CAMP CALLS SANDERS’ SUPPORT OF VOTING RIGHTS FOR BOSTON MARATHON BOMBER ‘DEEPLY OFFENSIVE’

The comments by the chief of staff of Ocasio-Cortez drew an immediate backlash for the use of words “unjust,” many questioning whether he suggests terrorists or other violent criminals were actual victims.

“Who knew the law against putting a bomb by an 8 year-old (sic) and blowing people up was unjust?” tweeted NRA spokesperson Dana Dana Loesch.

“Yes, because the ONLY people in prison on felony sentences are the victims of unjust laws,” tweeted journalist Nate Madden. “You know, like the ones against rape, murder, kidnapping and terrorism.”

A few hours later, Chakrabarti doubled down in another tweet, this time naming an example of “unjust” laws, yet dismissing the significance of giving voting rights to the Boston marathon bomber.

BERNIE SANDERS SAYS BOSTON MARATHON BOMBER, SEXUAL ASSAULTERS SHOULD BE ALLOWED TO VOTE

“Marijuana possession is one law I consider unjust affecting thousands. Are you seriously arguing that one vote from the Boston bomber would be enough to change our terrorism laws?” he asked.

The tweet was ridiculed again for being flippant about terrorists or other violent offenders being given a right to participate in elections.

“‘One vote from the Boston bomber.’ Hard to believe this debate is happening, but it’s only going to get crazier,” National Review editor Rich Lowry tweeted.

“‘We should let convicted terrorists vote because their vote likely won't matter anyways!’ is certainly a take,” seconded another Twitter user.

During a CNN town hall on Monday night, a Harvard student asked Sanders, the leading 2020 candidate, if his position on expanding voting rights to felons in prison would support “enfranchising people” like the Boston Marathon bomber as well as those “convicted of sexual assault,” whose votes could have a “direct impact on women’s rights.”

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The Vermont senator argued that the Constitution says “everybody can vote” and went on to declare that “the right to vote is inherent to our democracy. Yes, even for terrible people.”

Other Democratic candidates such as Sen. Kamala Harris and Beto O’Rourke somewhat toyed with the idea as well, with but drew a line at people who committed “extreme types of crimes.”

Source: Fox News Politics

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Trump says discussing potential further meetings with North Korea’s Kim

U.S. President Trump welcomes South Korea’s President Moon to the White House in Washington
U.S. President Donald Trump waits between two U.S. Marines at the South Portico of the White House to welcome South Korea’s President Moon Jae-in in Washington, U.S., April 11, 2019. REUTERS/Carlos Barria

April 11, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said he and South Korean President Moon Jae-in will discuss North Korea during their White House meeting on Thursday, including potential additional summits with the North’s leader, Kim Jong Un.

Trump said good things have come out of negotiations with North Korea even though Washington did not get what it wanted from the meetings with Kim. He said great progress was made and that he got to know and respect the North Korean leader.

(Reporting by Roberta Rampton; Writing by Doina Chiacu; Editing by Susan Heavey)

Source: OANN

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ECB takes over supervision of Latvian bank that accused governor

Sign of the European central Bank (ECB) is seen ahead of the news conference on the outcome of the Governing Council meeting, outside the ECB headquarters in Frankfurt
FILE PHOTO: Sign of the European central Bank (ECB) is seen ahead of the news conference on the outcome of the Governing Council meeting, outside the ECB headquarters in Frankfurt, Germany, March 7, 2019. REUTERS/Kai Pfaffenbach

March 11, 2019

FRANKFURT (Reuters) – The European Central Bank will take over the supervision of Latvia’s PNB Banks, a small lender that brought a bribery case against the country’s central bank governor, Ilmars Rimsevics, the ICB said on Monday.

“The European Central Bank…will assume its direct supervision as of 4 April 2019,” the ECB said. “This follows a request made by the Latvian Financial and Capital Market Commission.”

(Reporting By Francesco Canepa; Editing by Angus MacSwan)

Source: OANN

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Ohio police officer helps lure runaway pig into car with pizza

This little piggy may have run away, but all it took was an Ohio police officer offering up some leftover pizza to get him back home.

It was not immediately clear if he went "wee wee wee" all the way there.

The Xenia Police Department shared on Facebook video of the unique Saturday encounter, which began when the pig, named Wilbur, became separated from his family.

NEBRASKA TROOPER STUNNED TO 'PULL OVER' CAR MADE OF SNOW

"Every day is an adventure here at Xenia PD," the department wrote.

The department said it had been a couple of years since they had to deal with "runaway swine," but Officer Dan Smith was tasked with trying to bring Wilbur back home.​

​​​​​​TERMINALLY ILL WISCONSIN GIRL WHO LOVES DOGS VISITED BY K-9 OFFICERS, NEARLY 40 POLICE DEPARTMENTS

Smith used some leftover pizza in order to coax the pig towards his police vehicle before using a "little muscle" to finally get him inside.

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The department said that Wilbur was "taken into custody without being injured" and was eventually reunited with his family.

Source: Fox News National

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Kushner Responds to Comedian’s Jab About Saudi Prince MBS

Senior White House adviser Jared Kushner responded to a comedian's apparent taunt regarding an issue in Saudi Arabia by saying he is "privately" applying pressure on Saudi leadership over human rights issues.

The day after comedian Hasan Minhaj called out Kushner — who was seated in the back of the room — during a speech Tuesday night for having a direct line to Saudi Crown Prince Mohammad Bin Salman Al Saud, Kushner issued a response to Page Six.

Kushner told the outlet he is working on "advancing America's interests in the region" and admitted he has spoken directly with Bin Salman about the murder of Saudi dissident journalist Jamal Khashoggi.

Minhaj's comment was in reference to Loujain al-Hathloul, who along with other Saudi women have been detained for activism. Some of them have been beaten and tortured while in prison.

"I will continue to put pressure on privately," Kushner said.

Kushner was then asked if Bin Salman would take action, to which he replied, "We'll see."

During a speech at the Time 100 Summit, Minhaj said, "I know there's a lot of very powerful people here, and it would be crazy if there was a high-ranking official in the White House that could WhatsApp MBS and say, 'Hey, maybe you could help that person get out of prison because they don't deserve it.' But, hey, that person would have to be in the room. It's just a good comedy premise."

It has been reported Kushner speaks with foreign leaders such as Bin Salman on WhatsApp, a Facebook-owned app on which users communicate via encrypted messages.

Source: NewsMax America

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Dollar hovers near 22-month peak buoyed by strong U.S. data

U.S. dollar banknote is seen in this picture illustration
FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration

April 24, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar hovered near a 22-month high against its peers on Wednesday, after strong U.S. housing data further eased concerns of a slowdown in the world’s biggest economy.

The dollar index versus a basket of six major currencies stood at 97.602 after rising to 97.777 overnight, its highest since June 2017.

Data showing sales of new U.S. single-family homes jumped to a near 1-1/2-year high in March on Tuesday added to recent positive readings in retail sales and exports.

The euro, which has the largest weighting within the dollar index, was a touch lower at $1.1219 after shedding 0.25 percent the previous day.

“The European economy looks particularly weak relative to the U.S. economy and this highlights the euro’s weakness,” said Takuya Kanda, general manager at Gaitame.Com Research.

“The United States is now expected to have experienced firm growth in the first quarter, reinforcing the dollar’s strength relative to the euro.”

U.S. first quarter GDP data on Friday could strengthen the case that while the current period of global expansion is in its late stages, the United States is on a firmer footing compared with other leading economies.

The dollar was steady at 111.885 yen after suffering mild losses overnight, weighed by a decline in long-term Treasury yields.

The Australian dollar was little changed at $0.7097 following a loss of 0.5 percent the previous day ahead of the closely-watched domestic inflation report.

Australia’s first-quarter consumer price index (CPI) data is due at 0130 GMT and analysts polled by Reuters expect core inflation to come in around 1.7 percent – undershooting the central bank’s 2-3 percent target band.

The Canadian dollar struggled near a four-week low of C$1.3443 marked against the greenback overnight amid expectations that the Bank of Canada (BoC) would forgo language pointing to further interest rate hikes.

Canada’s central bank is expected to hold its benchmark interest rate steady at a policy meeting later on Wednesday. A Reuters poll showed that the central bank is seen standing pat on policy until the beginning of 2020 at the earliest.

(Editing by Jacqueline Wong)

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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