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Bill Browder files Swedbank money laundering complaint in Latvia

FILE PHOTO: Businessman Bill Browder speaks after the coroner ruled that Russian businessman Alexander Perepilichnyy probably died of natural causes outside his home in 2012, after the inquest concluded at the Old Bailey, in London
FILE PHOTO: Businessman Bill Browder speaks after the coroner ruled that Russian businessman Alexander Perepilichnyy probably died of natural causes outside his home in 2012, after the inquest concluded at the Old Bailey, in London, Britain, December 19, 2018. REUTERS/Henry Nicholls/File Photo

April 17, 2019

By Esha Vaish and Gederts Gelzis

STOCKHOLM (Reuters) – Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.

Swedbank is being investigated by Swedish and Baltic financial watchdogs after broadcaster SVT reported it processed gross transactions worth up to 20 billion euros ($22.6 billion) a year from high-risk, non-resident clients, mostly Russians, through its Estonian branch between 2010 and 2016.

These inquiries follow a fast-growing money laundering scandal centered on Danske Bank, which said last year that its Estonian branch had been used to move 230 billion euros ($260 billion) of suspicious payments from 2007 to 2015.

Browder, once the biggest foreign money manager in Russia, had already taken the complaint against Swedbank to Swedish and Estonian authorities, alleging that the Swedish bank’s accounts were used to launder $176 million from 2006 to 2012.

The bulk of this, $117 million, went through Swedbank’s Estonian branch and Browder’s complaint lodged with Latvian authorities, dated April 5 and seen by Reuters on Wednesday, showed some $41 million had passed through Latvia.

“We cooperate with the authorities in all our home markets in order to resolve current issues. However, we have no comment on the specific cases that Bill Browder now points to,” a Swedbank spokeswoman said in an emailed response.

Browder’s complaint, filed by his Hermitage Capital Management, called on Latvian authorities to look into the allegations alongside their ongoing broader probe into Russian money laundering links.

Latvian authorities did not immediately respond to a request for comment.

MAGNITSKY CASE

Browder has pushed for banks to be held accountable over links to a money laundering and tax fraud exposed by his former lawyer Sergei Magnitsky, who died in a Russian jail in 2009.

He had previously brought cases against Swedbank’s rivals Nordea and Danske Bank, which is now the subject of investigations in the United States, France, Denmark, Estonia and Britain.

Estonia is including Browder’s Swedbank complaint in its Danske Bank inquiry, but Sweden dropped its investigation saying there were limited transfers involving Swedish accounts and that the statute of limitations had expired.

Sweden, along with authorities in Estonia, Latvia and Lithuania, is set to conclude its investigation into Swedbank later this year, while a separate Swedish economic crime agency inquiry into the bank’s conduct was expanded last month.

($1 = 0.8838 euros)

(Reporting by Esha Vaish in Stockholm and Gederts Gelzis in Riga; Editing by Alexander Smith)

Source: OANN

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Italy Deputy PM Salvini rules out need for budget correction: Il Messaggero

FILE PHOTO: Italy's Interior Minister Matteo Salvini gestures as he attends a news conference regarding the return of former leftist guerrilla Cesare Battisti, in Rome
FILE PHOTO: Italy's Interior Minister Matteo Salvini gestures as he attends a news conference regarding the return of former leftist guerrilla Cesare Battisti, in Rome, Italy, January 14, 2019. REUTERS/Remo Casilli/File Photo

February 20, 2019

MILAN (Reuters) – Italian Deputy Prime Minister Matteo Salvini rules out any need for a possible budget correction, he told Il Messaggero in an interview published on Wednesday.

“I rule it out categorically,” he told the paper.

On Monday Cabinet Undersecretary Giancarlo Giorgetti said the government would assess in the coming months if a correction was needed. An economic slowdown as Italy slipped back into a recession is putting at risk Rome’s budget forecasts.

Salvini also said having the 5 Star Movement join the League to form a European parliament group was “a good idea”, adding his party was hoping to create a “strong euro-critic group”.

(Reporting by Agnieszka Flak; Editing by Giselda Vagnoni)

Source: OANN

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British, Nigerian nationals shot dead in central Nigeria

Police and the British High Commission say a British woman and a Nigerian citizen have been shot dead in north-central Nigeria.

A High Commission statement says they were killed on Friday when gunmen attacked the Kajuru Castle holiday resort in Kaduna state. The statement identified the British national as Faye Mooney.

The aid group Mercy Corps says Mooney had worked as a communications specialist in Nigeria for almost two years. Its statement says that "we are utterly heartbroken."

Kaduna state police spokesman Yakubu Sabo tells reporters that the gunmen kidnapped three other people. Their nationalities were not immediately clear.

Sabo says Mooney had been in a group of 12 tourists who traveled from Lagos.

Kaduna state has witnessed a spate of kidnappings by armed men in recent months.

Source: Fox News World

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Palace: Trump to pay state visit to Britain in June

U.S. President Donald Trump will pay a state visit to Britain in June as a guest of Queen Elizabeth II, Buckingham Palace said Tuesday.

Trump and his wife, Melania, have "accepted an invitation from Her Majesty The Queen to pay a State Visit to the United Kingdom," officials said. The visit will take place June 3-5.

Trump made an official trip to the U.K. last summer, though that was not a state visit, which typically features royal pomp including a banquet with the queen at Buckingham Palace.

Prime Minister Theresa May extended the invitation for a state visit more than two years ago, but the trip has been deferred amid concerns about the president's reception and Britain's extended crisis over Brexit.

"The State Visit is an opportunity to strengthen our already close relationship in areas such as trade, investment, security and defense, and to discuss how we can build on these ties in the years ahead," May said.

Trump is also expected to attend 75th anniversary commemorations of the World War II D-Day landings in June.

Nations that took part in Operation Overlord and the D-Day landings alongside the U.K. have been also been invited to attend the event in Portsmouth.

They include the US, Canada, France, Australia, New Zealand, Belgium, Luxembourg, Poland, Norway, Denmark, Netherlands, Greece, and Slovakia and the Czech Republic. Germany has also been invited in keeping with previous D-Day commemorative events.

Source: Fox News World

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Four dead, hundreds detained after Venezuela blackout: rights groups

Protest against Venezuelan President Nicolas Maduro's government in Caracas
People wave the national flag from their windows during a protest against President Nicolas Maduro's government in Caracas, Venezuela, March 12, 2019. REUTERS/Carlos Garcia Rawlins

March 14, 2019

By Shaylim Valderrama

CARACAS (Reuters) – Four people were killed and at least 300 were detained in association with protests and looting that took place during Venezuela’s nationwide blackout, rights groups said on Thursday.

The OPEC nation suffered its worst blackout in history last week following technical problems that the government of President Nicolas Maduro called an act of U.S.-backed sabotage but critics dismissed as the result of incompetence.

Rights groups Provea and the Venezuelan Observatory of Social Conflict said via Twitter that three people were killed in the central state of Lara and one person was killed in the western state of Zulia. The cause of the deaths was unclear.

Alfredo Romero of rights group Foro Penal said at a news conference that 124 people had been detained in protests over public services since the March 8 blackout and that another 200 were arrested over looting.

The Information Ministry did not immediately respond to a request for comment.

Power has returned to many parts of Venezuela, though service has not been fully restored to scattered areas of the capital Caracas and much of the western region.

Venezuela plunged into a deep political crisis in January when Juan Guaido, head of the opposition-controlled congress, invoked the constitution to assume an interim presidency, arguing Maduro’s 2018 re-election was a sham.

That move has put Venezuela at the heart of a geopolitical tussle, with the United States leading most Western nations in recognizing Guaido as the legitimate head of state, while Russia, China and others support Maduro.

Guaido is scheduled to join a meeting of local residents in the El Hatillo district of the capital of Caracas on Thursday.

The blackout that began a week ago left hospitals struggling to keep equipment running, and food rotted in the tropical heat. The nongovernmental organization Doctors for Health said 26 people died in public hospitals during the blackout.

The western state of Zulia suffered intense looting that hit some 350 businesses.

(Reporting by Shaylim Valderrama and Vivian Sequera, Editing by Rosalba O’Brien)

Source: OANN

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Feds: Coast Guard lieutenant compiled hit list of lawmakers

Prosecutors say a Coast Guard lieutenant is a "domestic terrorist" who wrote about biological attacks and had a hit list that included prominent Democrats and media figures.

Christopher Paul Hasson is due in court on Thursday in Maryland. He was arrested on gun and drug charges last week.

Prosecutors say Hasson espoused extremist views for years. Court papers detail a June 2017 draft email in which Hasson described an "interesting idea" that included "biological attacks followed by attack on food supply."

Federal agents found 15 firearms and over 1,000 rounds of ammunition when Hasson was arrested. Prosecutors say he also had compiled a list of prominent congressional Democrats, activists, journalists and media commentators.

Hasson's attorney declined to comment on Wednesday. His arrest was first noted by researchers from George Washington University.

Source: Fox News National

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Trump push to invalidate ObamaCare sparked clash within administration

President Trump’s fresh push for the elimination of ObamaCare followed a disagreement within the administration, with top officials and Vice President Pence advising against such move, according to multiple reports.

The Trump administration on Monday told a federal appeals court that the whole Affordable Care Act should be abolished, with Justice Department attorneys filing a letter with the U.S. Court of Appeals for the Fifth Circuit in New Orleans agreeing with a ruling by a federal judge in Texas last year that the health care law is unconstitutional.

"The Department of Justice has determined that the district court’s judgment should be affirmed. Because the United States is not urging that any portion of the district court’s judgment be reversed, the government intends to file a brief on the appellees’ schedule," the filing read.

TRUMP ADMINISTRATION BACKS TOTAL OVERTURN OF OBAMACARE, WILL SUPPORT STATES CHALLENGING THE LAW

The decision to support the total overturn of the law was made after Trump sided with White House acting chief of staff Mick Mulvaney, a staunch critic of the Obama-era health care program, rather than following the advice of Attorney General William Barr and Health and Human Services Secretary Alex Azar, who both reportedly cautioned against proceeding.

FILE- In this Jan. 2, 2019, file photo White House chief of staff Mick Mulvaney listens as President Donald Trump speaks during a cabinet meeting at the White House in Washington.(AP Photo/Evan Vucci, File)

FILE- In this Jan. 2, 2019, file photo White House chief of staff Mick Mulvaney listens as President Donald Trump speaks during a cabinet meeting at the White House in Washington.(AP Photo/Evan Vucci, File)

Trump was apparently encouraged by Mulvaney and saw the move as a way to deliver on his campaign promise to overturn ObamaCare in its entirety instead of only partly dismantling the system -- by nixing the penalty on the individual mandate.

But the health secretary insisted that backing a lawsuit to repeal the health care law is untenable as there’s no Republican alternative, according to Politico. Mulvaney reportedly dismissed the concerns, claiming that such a bold move would force Congress to come up with alternatives.

Barr, who was recently praised by Trump over the handling of the end of the Robert Mueller probe, reportedly sided against Trump, saying the effort is doomed to fail as the Supreme Court has already upheld the legality of the law.

According to The New York Times, Pence also voiced reservations. He reportedly cautioned about the risks of pursuing the case without a “strategy or a plan to handle the suddenly uninsured if the suit succeeds.”

CONGRESSIONAL REPUBLICANS RATTLED BY TRUMP'S PIVOT TO OBAMACARE FIGHT AFTER MUELLER SUMMARY

Trump spoke about ObamaCare on Wednesday, but didn’t address the disagreement within the administration.

“ObamaCare is a disaster. It's too expensive by far. People can't afford it and the deductible is horrible,” Trump said in the Oval Office. “The premiums are too expensive. People are going broke trying to pay for it.”

“If the Supreme Court rules that ObamaCare is out, we’ll have a plan that is far better than ObamaCare,” Trump added.

“If the Supreme Court rules that Obamacare is out, we’ll have a plan that is far better than Obamacare.”

— President Trump

The Department of Health and Human Services provided a statement to Politico, denying any rift in the administration.

“Secretary Azar fully supports the Administration's litigation position in the ACA case, which bears his name,” said an agency spokeswoman. “Any insinuation that Secretary Azar has 'butted heads' with Mulvaney on this issue is false.”

CONGRESSIONAL REPUBLICANS RATTLED BY TRUMP PIVOT TO OBAMACARE

U.S. District Judge Reed O’Connor ruled last year that ObamaCare is no longer constitutional because the tax reform package – as enacted by Republicans – eliminated the health care law’s penalty for not having health insurance.

The administration initially insisted that only certain parts of the law should be invalidated. But the latest filing moved on from the earlier position and embraces the total overturn of the law.

The filing noted that the government will file a brief in support of the Texas-led coalition of states that are trying to overturn the health care law, given that “the United States is not urging that any portion of the district court’s judgment be reversed,” the Washington Post reported.

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“The Department of Justice has determined that the district court’s comprehensive opinion came to the correct conclusion and will support it on appeal,” Kerri Kupec, a spokeswoman for the Justice Department, told the newspaper.

The Associated Press contributed to this report.

Source: Fox News 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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