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Don’t blame Theresa May, EU’s Juncker jokes of face wound

EC President Juncker shows a bandage after his shaving injury in Brussels
European Commission President Jean-Claude Juncker shows a bandage after his shaving injury, at the EC headquarters in Brussels, Belgium February 20, 2019. REUTERS/Yves Herman

February 20, 2019

BRUSSELS (Reuters) – Jean-Claude Juncker cut himself shaving on Wednesday — hardly news, even in the hothouse Brussels’ EU political bubble.

But there is a Brexit angle to everything these days and the EU chief executive felt obliged to tell reporters about why he was sporting a bandage on his cheek ahead of a meeting with Theresa May. He was worried, he said, that they might accuse the British prime minister of whacking him in frustration.

“I’m telling you so that you don’t think it was Mrs. May who gave me this injury,” the European Commission President told reporters during a brief appearance before meeting the premier.

He repeated that he was not expecting a breakthrough from the talks as May struggles to secure concessions from the EU that would secure parliamentary support for a Brexit deal before Britain leaves the European Union on March 29.

(Reporting by Alastair Macdonald, Editing by William Maclean; @macdonaldrtr)

Source: OANN

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German ministry stands by 'sexist' bike helmet campaign

Germany's transport ministry says it stands by a cycling safety campaign that has drawn accusations of sexism even inside the governing coalition for featuring scantily clad women.

The campaign, launched by the conservative transport minister, aims to persuade young cyclists to wear helmets and uses the English-language slogan: "Looks like s---. But saves my life."

Critics have focused on the models' skimpy clothing. In response, Franziska Giffey, the center-left minister for women, posted a picture of herself on a bike with a helmet and the words: "You can wear a helmet even when you're dressed."

Transport ministry spokeswoman Svenja Friedrich said Monday the campaign was meant to get attention and also features male models. She said: "We can absolutely understand the criticism from various sides, but we still stand by the images."

Source: Fox News World

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Samsung confirms delay of Galaxy Fold release

FILE PHOTO: The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics’ Unpacked event in San Francisco
FILE PHOTO: The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co Ltd’s Unpacked event in San Francisco, California, U.S., Feb. 20, 2019. REUTERS/Stephen Nellis/File Photo

April 22, 2019

(Reuters) – Samsung Electronics Co Ltd confirmed on Monday it would delay the public availability of its Galaxy Fold smartphone after reviewers of the foldable handset reported defective samples.

“To fully evaluate this feedback and run further internal tests, we have decided to delay the release of the Galaxy Fold. We plan to announce the release date in the coming weeks,” Samsung said.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel)

Source: OANN

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One euro zone bank falls short of ECB capital requirements

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
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

April 8, 2019

FRANKFURT (Reuters) – One euro zone bank is falling short of the European Central Bank’s capital requirements for 2019, meaning it will face restrictions on how much it can pay out to investors and executives, an ECB presentation showed on Monday.

The ECB did not name any of the banks in its annual presentation on the standing of the euro zone’s top lenders, which showed a slight increase in capital demands from the year before as European Union “buffers” introduced in the wake of the financial crisis are phased in.

These requirements are closely watched by analysts as any bank that fails to meet them faces a cap on how much it can pay in dividends, bonuses and certain coupons and comes under pressure to raise capital.

Most of the 119 banks under ECB supervision had way more Core Equity Tier 1 (CET1) capital than demanded by supervisors. Four barely made their required level and just one fell short, a slide in the ECB’s presentation showed.

“Most significant institutions already have capital levels above the CET1 levels and buffers required by the ECB and national authorities, respectively,” the ECB said in a press release.

Italy’s Carige was asked by the ECB to raise more capital last year but failed to do so after its top shareholder pulled back at the last minute. It is currently under an ECB-appointed administration and looking for buyers.

As part of its Supervisory Review and Evaluation Process (SREP), the ECB also handed out “quantitative liquidity SREP requirements” to three banks, likely meaning they have to set aside more cash such as foreign-exchange buffers.

(Reporting By Francesco Canepa; Editing by Raissa Kasolowsky)

Source: OANN

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Republicans want census data on citizenship for redistricting

FILE PHOTO: A community activist holds a sign in Chinese and English at an event to mark the one-year-out launch of the 2020 Census efforts in Boston
FILE PHOTO: A community activist holds a sign in Chinese and English at an event to mark the one-year-out launch of the 2020 Census efforts in Boston, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo

April 8, 2019

By Nick Brown

NEW YORK (Reuters) – John Murante, a conservative Nebraska senator, last year introduced a bill to prevent non-citizens from being counted when the state redraws its voting maps.

He said the effort aimed to ensure each election district contained similar numbers of voters, but opponents argued it intended to undermine the political power of immigrant communities.

Murante’s bill died after its critics pointed out a lack of granular data on where the state’s non-citizens live.

That data may soon be available.

The Trump administration believes its proposed question about citizenship on the 2020 Census will help states that want to draw citizens-only voting districts in the next round of redistricting by providing the first comprehensive data on non-citizens in about 70 years, according to a Reuters review of court and federal register documents and interviews with more than a dozen state lawmakers.

Such a change would provide a new opportunity for Republican-controlled states – those most likely to adopt citizens-only redistricting – to redraw their voting maps in a way that could help their party win more state-level elections.

Currently, state and federal voting districts are drawn to be roughly equal in population, regardless of how many residents can legally vote. That means tallies for district-drawing purposes include non-citizens, such as green-card holders and undocumented immigrants.

Democrats and immigrant rights activists say this system ensures elected leaders represent everyone in their district who depends on public services such as schools and trash pickup, regardless of voting eligibility.

Republicans argue that districts should be the same size so each vote carries the same weight. If one district has far fewer eligible voters than another, each vote there has more influence on election outcomes.

That’s a problem for Republicans because the eligible voters in immigrant-heavy districts tend to support Democrats.

Trump administration officials have been considering the merits of citizens-only redistricting since 2017 – well before announcing their intention in March 2018 to add the citizenship question to the decennial survey, according to court documents filed as part of litigation over the citizenship question.

And in December, the Census Bureau issued a notice in the Federal Register saying that if any states “indicate a need for … citizenship data” to use in redistricting, it would “make a design change” to provide it.

Republican lawmakers in Texas, Arizona, Missouri and Nebraska told Reuters they would consider making use of the citizenship data if it became available.

The tactic is prohibited at the federal level by past U.S. Supreme Court decisions that have interpreted the U.S. constitution as requiring that U.S. House districts be based on total population. But the court, in a 2016 case known as Evenwel v. Abbott, left the door open for state-level districts to use other metrics.

The Commerce Department, which includes the Census Bureau, declined to comment on whether redistricting was part of the motivation for proposing the citizenship question.

James Whitehorne, the chief of the Census Bureau’s Redistricting & Voting Rights Office, called the federal register notice routine. “We’re supposed to provide states with what they identify as needing,” he said.

U.S. voting districts are drawn at the state level, most often by state legislators, giving the party in power control over how the lines are redrawn.

While both Republicans and Democrats frame the debate over citizen-only districts around fairness, demographic experts point out that both sides have a lot at stake politically.

Data from the nonpartisan APM Research Lab showed that 95 of the 100 U.S. congressional districts with the highest foreign-born populations are represented by Democrats. Similar data for state-level seats was not available.

Redrawing such districts with citizen-only populations would give Republicans a better shot by expanding the districts into more conservative areas, said Albert Kauffman, a professor at St. Mary’s School of Law in San Antonio who has studied redistricting and opposes excluding non-citizens.

In Texas, a citizens-only map could strip Latino voters of majorities in two or three state senate seats and six or seven state representative seats, Kauffman said, pointing out that Hispanic voters traditionally lean left.

“Democrats know they would probably lose seats at every level,” Kauffman said.

SUPREME CHALLENGE

Immigrant rights activists and Democratic-led cities and states have sued the Trump administration to prevent it from asking census respondents about their citizenship, and the Supreme Court will decide by June if the question can remain.

Opponents argue the administration aims to use the question to intimidate immigrants out of responding to the census, which would cost their communities political representation and a share of about $800 billion in annual federal aid allocated based on population.

The administration disputes that. Commerce Secretary Wilbur Ross said his decision to add the question was aimed at getting the Justice Department the comprehensive citizenship data it needs to better enforce Voting Rights Act provisions that protect minorities from discrimination.

Ross has not publicly commented on how citizenship data might be used in redistricting. But Census records, as well as emails released during the litigation over the citizenship question, showed he was thinking about citizens-only redistricting well before he announced plans to add the question.

In April of 2017, at the behest of former White House Chief Strategist Steve Bannon, Ross spoke with former Kansas Secretary of State and noted immigration hawk Kris Kobach, according to the emails. One topic of discussion was “the problem that aliens … are still counted for congressional apportionment,” according to a subsequent email from Kobach to Ross describing their conversation.

The following month, Ross asked Commerce Senior Policy Advisor David Langdon to look into whether non-citizens, including illegal immigrants, are included in voting maps, according to Langdon’s deposition in the litigation over the citizenship question.

Kobach and Langdon did not respond to requests for comment.

ATTRACTING INTEREST

A handful of states will likely request the census data on citizenship if the question survives its legal challenges, state lawmakers and a Republican strategist told Reuters.

Lawmakers and state officials from Arizona, Missouri, Nebraska and Texas said in interviews they are considering citizen-only districts. Republicans in Tennessee also voiced support for citizens-only redistricting in court papers filed in the Evenwel Supreme Court case. Reuters reached out to several of the Tennessee lawmakers who signed the court brief, but all declined to comment.

Missouri Representative Dean Plocher, a Republican who sponsored unsuccessful legislation last year to base Missouri’s voting districts on citizen population, said the effort is aimed solely at equalizing the power of all votes in the state. He said he hadn’t considered how such changes might affect his party’s chances in elections.

Nebraska’s Murante – the former senator behind his state’s failed citizens-only redistricting bill and now the state’s treasurer – said he supports citizens-only maps because the state’s constitution requires that “aliens” be excluded from voting districts.

Immigrant rights activists counter that citizens-only districts could be forced to expand in ways that weaken the political influence of immigrant communities.

The effect could be particularly pronounced in places such as south Texas, where immigrants make up more than a quarter of the population, said Juan Hinojosa, a Democratic state senator.

Hinojosa’s district includes areas known as colonias — informal communities of poor, largely Hispanic families. Citizen-only redistricting would make it more likely that anti-immigration Republicans would win elections in the border region, Hinojosa said.

The question of how to count non-citizens in voting districts may end up at the Supreme Court, said Kel Seliger, a Republican Texas state senator, who told Reuters that lawmakers there would explore citizen-only maps.

“You’ve got be careful,” he said, “that the Republican bias doesn’t get us on the wrong side of the Constitution.”

(Reporting by Nick Brown; Editing by Richard Valdmanis, Brian Thevenot and Paul Thomasch)

Source: OANN

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Pope celebrates Easter Sunday amid bloodshed in Sri Lanka

Pope Francis is celebrating Easter Mass this year facing a fresh round of bloodshed targeting Christians in Sri Lanka.

Hours after celebrating a late-night vigil, Francis processed into a flower-decked St. Peter's Square for the liturgy Sunday commemorating the resurrection of Christ after his crucifixion.

This year the Easter season has been marred both by the destruction of Paris' Notre Dame Cathedral by fire last week and the massacre on Sunday in Sri Lanka. More than 130 people were killed and hundreds wounded following near-simultaneous blasts at three Sri Lankan churches during Easter Sunday services and three hotels frequented by foreigners.

After Mass, Francis delivers his annual Easter "Urbi et Orbi" speech about conflicts and other difficulties around the world.

Source: Fox News World

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War Room – 2019-Apr 08, Monday – Democrats Would Rather Eat Avocados Than Stop Human Trafficking

Owen Shroyer starts the week of the War Room by taking your calls on any topic. We are also joined by Del Bigtree to discuss the latest in medical tyranny. Owen announces he will take the avocado challenge again.

Source: The War Room

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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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