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Prince Charles and Camilla launch first royal visit to Cuba

Prince Charles and his wife Camilla are beginning the first official trip to Cuba by the British royal family in a pomp-filled display of disagreement with the Trump administration's strategy of economically isolating the communist island.

The heir to the British throne is expected to land in Havana around 5 p.m. Sunday and lay a wreath at the memorial to colonial independence hero Jose Marti, near massive portraits of socialist revolutionary icons including guerrilla fighter Che Guevara.

The next two days include visits to historic sites, a solar park, organic farm, biomedical research center, cultural gala and a dinner with President Miguel Diaz-Canel.

It does not include visits with political dissidents or other critics of Cuba's single-party system, a decision prompting criticism from Cuban exiles.

Source: Fox News World

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NRCC Makes Largest January Fundraising Haul to Date

The National Republican Congressional Committee has made its largest January fundraising haul to date, pulling in $5.58 million as it faces several key races coming up in 2020.

Republican Sens. Cory Gardner, Colorado; Joni Ernst, Iowa; Susan Collins, Maine; Thom Tillis, North Carolina; and David Perdue, Georgia are all coming up for re-election, reports Politico, while quoting a committee aide about the record fundraising haul.

Overall in 2018, the NRCC raised approximately $151.6 million, according to Open Secrets.org, reporting data from the Center for Responsive Politics and based on Federal Election Commission data.

The organization spent $151.2 million, leaving $7.5 million cash on hand.  

The NRCC is the chief fundraising committee whose goal is electing Republican candidates to the Senate. The totals reported by the Center for Responsive Politics show expenditures and fundraising from both the main committee and others affiliated to it, noted Open Secrets.

In 2016, the year President Donald Trump was elected to office, the NRCC and affiliated committees raised approximately $138.4 million, spending approximately $134 million.

Figures were not immediately available Tuesday concerning fundraising totals for January for the Democratic Congressional Campaign Committee.

Source: NewsMax Politics

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S. Korea Working to Ensure Success of Trump-Kim Summit

A recently established office in South Korea’s Blue House, the executive office of President Moon Jae-in, is working quietly to ensure that nothing interferes with the upcoming summit of President Donald Trump and Chairman Kim Jong-un.

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Mexican bankers, bosses line up to woo powerful president

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador attends a news conference at the National Palace in Mexico City
FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador attends a news conference at the National Palace in Mexico City, Mexico February 15, 2019. REUTERS/Henry Romero/File Photo

March 21, 2019

By Dave Graham and Stefanie Eschenbacher

ACAPULCO, Mexico (Reuters) – For two years, financiers at Mexico’s biggest annual banking bash issued veiled warnings about the risk of veteran leftist Andres Manuel Lopez Obrador taking power.

Now he is president, they and industry bosses have changed tack, pledging support for the popular new leader and his plans to revive the economy from the bottom up.

Bank bosses have used the run-up to the banking convention in Acapulco beginning on Thursday to signal approval for Lopez Obrador’s plans to tackle chronic inequality via welfare handouts, ramp up financial inclusion and lift economic growth.

“The financial sector has been and will continue to be committed to Mexico’s development, which is why he celebrate and go along with the measures … announced by the Mexican government,” Marcos Martinez, head of the Mexican banking association (ABM), said at a recent event with Lopez Obrador.

Martinez and other bankers hope the president will meet pledges to tackle corruption and gang violence in Latin America’s No. 2 economy, buttressing growth with the rule of law.

Still, skepticism about his economic credentials is widespread in business circles. So far executives have reasoned they have more to gain by working with him than picking a fight with a president whose approval ratings run close to 80 percent.

Lopez Obrador, who took office in December, wiped billions of the value of Mexican financial assets when he canceled a new Mexico City airport on Oct. 29. Proposals floated by his MORENA party in Congress to curb bank fees also spooked markets.

Yet even as he rolls out welfare schemes across Mexico, he has promised to run a tight budget to protect the country’s investment-grade credit rating and says he can achieve average annual growth of 4 percent during his six-year term.

At this week’s conference in Acapulco, Mexico’s banks would likely deliver a clear message to the president that they will work with him to achieve his goals, said a senior financial industry source, speaking on condition of anonymity.

That could unlock funds for Lopez Obrador’s plan to create jobs via infrastructure spending, and complement the goal of employers’ federation COPARMEX to lift the spending power of the lowest paid by tripling the minimum wage by 2024.

Cooperating with Lopez Obrador to encourage an expansion of the Mexican middle class could become a major driver of growth, and help curb the president’s worst instincts, a senior industrialist said, speaking on condition of anonymity.

Stating Mexico had “more financial resources than there are projects”, the new head of Mexico’s powerful CCE business lobby, Carlos Salazar, said last month it would work to end extreme poverty by the end of Lopez Obrador’s term.

By then, the ABM aims to get 30 million more people to use banking services – nearly three-quarters of those estimated to be without an account – and to support domestic demand by boosting lending to small businesses, homebuyers and families.

Deputy finance minister Arturo Herrera told Reuters the government would push hard on financial inclusion at the banking convention, where Lopez Obrador is due to speak on Friday.

However, for the president to make the most of the goodwill in boardrooms, he must work harder to undo the damage caused by poor decisions such as the scrapping of the airport, said Gustavo de Hoyos, head of employers’ lobby COPARMEX.

Business wanted to invest, but right now, the government scored only about “50 percent” on investor confidence, he added.

“If the president and his team can take advantage of these strengths,” de Hoyos told Reuters, “I think we could see really big progress in the course of this administration.”

(Reporting by Dave Graham and Stefanie Eschenbacher; Editing by Lisa Shumaker)

Source: OANN

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Pentagon Tells Congress of Projects That Could Be Hit to Pay for Wall

Acting Pentagon Chief Patrick Shanahan said on Monday he had provided Congress with a list of projects from the military construction budget that could be cut back in order to help pay for a wall on the border with Mexico.

Last month Trump declared a national emergency in a bid to fund his promised wall at the U.S.-Mexico border without congressional approval.

The emergency declaration allows the Trump administration to use money from the military construction budget, if needed.

Trump issued the first veto of his presidency on Friday to block a measure passed by Democrats and Republicans in Congress that would terminate his emergency declaration for a wall on the U.S. border with Mexico to stem illegal immigration and crime.

Speaking before the start of his meeting with his French counterpart, Shanahan was asked if he had sent the list of projects to Congress.

"I have," Shanahan said.

The more than 20-page document seen by Reuters included all the projects that were not awarded funding as of Dec. 31 2018.

The list includes a cemetery at the U.S. Military Academy in New York and a command and control facility at Camp Tango in South Korea.

It is essentially up to Congress to go through the list and figure out which projects will not be affected, including military housing, barracks and projects that have already been awarded funding.

The list is unlikely to satisfy Congress.

"This list is wholly insufficient and just tells Congress what projects it already approved," said Evan Hollander, a spokesman for Representative Nita Lowey, a Democrat and chairwoman of the House Appropriations Committee.

"This appears to be nothing more than another stall tactic designed to delay the political consequences of President Trump’s emergency declaration," Hollander said.

In a statement, the Pentagon said the pool of projects included was valued at about $12.9 billion. The Pentagon has said it could use about $3.6 billion from the military construction budget this year, if needed.

The issue was highlighted during a tense Congressional hearing on Thursday, when Democratic Senators demanded that they be provided a list of military that could be impacted if funding was used to build a wall.

"We know President Trump wants to take money from our national security accounts to pay for his wall, and now we have a list of some of the projects and needed base repairs that could be derailed or put on the chopping block as a result," Senator Jack Reed said in a statement.

Source: NewsMax Politics

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Trump Jr.: Russia collusion 'the greatest farce ever perpetrated on our democracy'

Donald Trump Jr. on Monday called Special Counsel Robert Mueller's investigation and allegations that President Trump colluded with Russia a massive farce on democracy, and accused Democrats and the media of perpetuating a false narrative.

"This was the greatest farce ever perpetrated on our democracy. It’s a disgrace and it’s a stain on our Constitution,” Trump Jr. said on “Tucker Carlson Tonight.” He called for the FBI investigators and those behind the anti-Trump dossier to be investigated themselves.

Attorney General William Barr released a four-page summary of Mueller's report concluding there was no proof of collusion between the president and Russia.

WATCH FOX NEWS' LIVE COVERAGE AFTER THE RELEASE OF AG BARR'S LETTER OF 'PRINCIPAL CONCLUSIONS' FROM MUELLER'S RUSSIA PROBE

Trump Jr. also accused Democrats of colluding with the media in order to destabilize his father’s presidency, saying they had trouble coping with the 2016 election results.

“Certainly when you look at what the other side was doing, you realize that it was them, in fact, colluding, not us,” Trump Jr. said. “It was difficult to watch, it was difficult to watch what they’re trying to and have been trying to do to my father for two years, and it’s really the Democrats with their media lackeys creating a narrative that they want to be true because they couldn’t explain the outcome of the last election.”

"This was the greatest farce ever perpetrated on our democracy."

— Donald Trump Jr.

The president’s son praised his father for working through the investigation and said the president had done not only what President Obama couldn’t do -- but also what President George W. Bush couldn’t do.

“He’s been able to move the needle for [the American people] in a way that Barack Obama couldn’t come close to doing,” Trump Jr. told Carlson. “Bush couldn’t have done it either. My father has done incredible things.”

When asked by Carlson why Democrats pushed the Russia collusion narrative, Trump Jr. said he believed Democrats “can’t win with their ideas.”

“The issues and things they want to push, they don’t work. They tried that under Obama, they’re trying that with the Green New Deal,” Trump Jr. said.

The Green New Deal is legislation introduced by Sen. Ed Markey, D-Mass., and Rep. Alexandria Ocasio-Cortez, D-N.Y., to deal with climate change among other issues.

The Trump Organization executive also called out House Intelligence Committee Chairman Adam Schiff, D-Calif., for saying he had evidence of collusion, and accused him of lying to the American people.

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“It’s nonsense, Tucker, it’s all a game. And, you have the leader of the tin foil hat brigade, Adam Schiff, out there every day talking about the evidence of collusion that he’s seen. He’s flagrantly lying to the American people,” Trump Jr. said.

“There’s no accountability for that, Tucker, because when you’re on that side and you have the media carrying your water for you, you can say whatever you want.”

Source: Fox News Politics

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Cyprus: Ground not yet ready for peace talks resumption

Cyprus' president says conditions aren't yet ready for a resumption of formal talks to reunify the ethnically divided island nation because both sides remain apart on key issues regarding power sharing and security arrangements. Nicos Anastasiades, a Greek Cypriot, says efforts to restart negotiations are going through a "difficult phase," but that he and Turkish Cypriot leader Mustafa Akinci have pledged to work to get negotiations back on track.

The United Nations hosted an informal meeting Tuesday between the two men in hopes they could clear the air on certain issues that would allow talks to resume.

They agreed on several measures to boost confidence, including an arrangement enabling people living in the breakaway north and the internationally recognized south to use their mobile telephones on either side.

Source: Fox News World

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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