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Deputy Attorney General Rosenstein to step down in March: official

FILE PHOTO: U.S. Deputy Attorney General Rod J. Rosenstein attends the Los Angeles Crimefighters Leadership Conference
FILE PHOTO: U.S. Deputy Attorney General Rod J. Rosenstein attends the Los Angeles Crimefighters Leadership Conference in Los Angeles, California, U.S., February 7, 2019. REUTERS/Mike Blake/File Photo

February 19, 2019

WASHINGTON (Reuters) – Rod Rosenstein, the U.S. deputy attorney general who appointed special counsel Robert Mueller to investigate possible ties between Russia and President Donald Trump’s campaign, is expected to step down by mid March, a Justice Department official said on Monday.

Rosenstein had been expected to depart shortly after new Attorney General William Barr took over. Barr was confirmed by the U.S. Senate last week.

(Reporting by Sarah N. Lynch; Editing by Dan Grebler)

Source: OANN

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MLB roundup: Encarnacion homers twice in same inning

MLB: Seattle Mariners at Kansas City Royals
Apr 8, 2019; Kansas City, MO, USA; Seattle Mariners designated hitter Edwin Encarnacion (10) hits a three run home run in the sixth inning against the Kansas City Royals at Kauffman Stadium. Mandatory Credit: Denny Medley-USA TODAY Sports

April 9, 2019

Edwin Encarnacion hit a pair of home runs in the sixth inning, and the visiting Seattle Mariners scored eight times in the frame to earn a 13-5 victory over the Kansas City Royals on Monday.

The Mariners have scored five or more runs in 11 of their first 12 games and became the first team in the major leagues to win 10 games.

Encarnacion became the first major-leaguer to hit two home runs in an inning in almost three years. Mark Trumbo of the Los Angeles Angels did in on April 15, 2016, at Texas. Seattle also got homers from Daniel Vogelbach, Dylan Moore and Jay Bruce.

Roenis Elias (1-0) picked up the win, pitching three scoreless, hitless innings of relief. Royals starter Homer Bailey (0-1) gave up seven runs on eight hits, including three home runs, in five-plus innings.

Orioles 12, A’s 4

Jonathan Villar homered and had four RBIs while Cedric Mullins tripled twice and drove in three as Baltimore defeated visiting Oakland.

While most of the Orioles were enjoying a big offensive night, it was the opposite for Baltimore’s Chris Davis. He set a major league record for the longest hitless streak by a position player, going 0-for-5 to leave him 0-for-49 dating back to last year. Eugenio Velez had the previous record of 0-for-46.

Trey Mancini hit a solo homer in the first inning, and Mullins delivered a two-run triple in the second while scoring on a throwing error on the same play to give Baltimore an early 4-0 lead. The early margin helped the Orioles stop a four-game losing streak.

Cubs 10, Pirates 0

Ben Zobrist and Kyle Schwarber each drove in two runs, and Chicago rode a six-run second inning to a victory over Pittsburgh in the home opener at Wrigley Field.

The Cubs’ second win in eight games came with a caveat, as starter Jon Lester left during the third inning because of left hamstring tightness. Lester struck out four, walked one and gave up three hits in two-plus innings before four relievers combined to finish Chicago’s first shutout.

Brad Brach (1-0), who replaced Lester, gave up one hit in two innings. Pittsburgh starter Jameson Taillon (0-2), who gave up six unearned runs and four hits, left after two innings and will be re-evaluated after he took at least a glancing blow to the head on a comebacker by Anthony Rizzo.

Braves 8, Rockies 6

Ronald Acuna Jr. hit his third home run of the season to spark Atlanta past Colorado in Denver.

Acuna was 2-for-3, scored three runs and hit a two-run homer in the first inning to help give the Braves their sixth win in the past seven games. Dansby Swanson drove in three runs, and Nick Markakis was 3-for-4 with two RBIs for Atlanta.

Braves starter Julio Teheran (1-1) pitched five innings and allowed six runs, all coming in his last inning. The struggling Atlanta bullpen closed the game with four scoreless innings, handing the Rockies their fourth straight loss and their eighth defeat in the past nine games.

Astros 4, Yankees 3

Robinson Chirinos hit a two-run, game-tying double in the seventh inning, and Carlos Correa drove in the go-ahead run an inning later as Houston rallied for a victory over visiting New York.

Chirinos drove home Yuli Gurriel and Tyler White with his two-out double off the wall in front of the Houston bullpen, striking his blow against Yankees left-hander Zack Britton, who surrendered a leadoff single to Correa after entering in relief of starter Masahiro Tanaka.

The Astros stretched their winning streak to four games. Ryan Pressly (1-0) earned the win with a perfect eighth inning before Roberto Osuna notched his third save with a six-pitch ninth.

Angels 5, Brewers 2

Mike Trout did not hit a home run for the first time in five games, but he did steal a home run from reigning National League MVP Christian Yelich, helping Los Angeles extend its winning streak to four games with a win over Milwaukee at Anaheim, Calif.

Trout had at least one homer in four consecutive games (five total), but Brewers pitchers were able to keep him in the ballpark. Trout went 0-for-2 (strikeout, lineout) with two walks. He made up for it with his defense, reaching above the fence in left-center in the third inning to rob Yelich of what would have been his sixth homer of the year.

The Angels got a two-run homer from Tommy La Stella, a solo homer from Andrelton Simmons and a two-run blast by Justin Bour. Yelich wound up 2-for-4 with two singles.

Padres 6, Giants 5

Franmil Reyes capped a San Diego rally with a pinch-hit, two-run home run in the seventh inning as the visiting Padres overcame a five-run deficit and a Kevin Pillar grand slam to overtake San Francisco.

Fernando Tatis Jr. and Wil Myers also homered for the Padres, who had won three in a row before losing the finale of a series at St. Louis on Sunday.

The Giants, who have lost all three of their series this season, staked Madison Bumgarner to a five-run lead in the fourth inning. However, the ace left-hander wound up allowing five runs in six innings.

Phillies 4, Nationals 3

Rhys Hoskins hit two solo homers, including the tiebreaker on a full-count pitch in the last of the sixth, and Philadelphia beat visiting Washington.

Hoskins added an insurance run in eighth with a homer off Justin Miller to make it 4-2. It was the fourth multi-homer game of Hoskins’ career.

The first homer came off Anibal Sanchez (0-1), who was making his second start for the Nationals after coming over from the Atlanta Braves. He gave up seven hits and three runs in 5 2/3 innings with six strikeouts and two walks.

Rays 5, White Sox 1

Blake Snell allowed one run in six innings, and Tampa Bay continued to match its best start in franchise history with a win at Chicago. Snell (2-1) gave up six hits while striking out 11 and walking none.

Willy Adames had three hits, a walk and scored two runs in the No. 9 spot, and Avisail Garcia, Daniel Robertson and Yandy Diaz had two hits each for Tampa Bay, which has won eight of its first 11 games for the second time in team history.

Coming into the game, Tampa Bay starting pitchers had not allowed a run in their past 31 innings, and Snell had thrown eight straight shutout innings. He ran that streak to 12 before Jose Rondon hit a solo homer in the fifth to make it 4-1.

Cardinals 4, Dodgers 3

Marcell Ozuna lined a two-run homer, and Paul Goldschmidt scored the decisive run on a wild pitch as St. Louis beat visiting Los Angeles.

Jose Martinez added a run-scoring single as St. Louis halted the Dodgers’ five-game winning streak. Los Angeles didn’t trail for 42 innings until the Cardinals moved ahead in the bottom of the sixth inning.

Cardinals starter Miles Mikolas (1-1) gave up three runs and five hits over six innings. He struck out three and walked one. John Gant pitched two hitless innings, and Jordan Hicks finished up for his second save.

–Field Level Media

Source: OANN

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World Bank’s new president skips China’s Belt and Road for Africa trip

FILE PHOTO: World Bank Group President David Malpass and IMF Managing Director Christine Lagarde at the IMF and World Bank's 2019 Annual Spring Meetings, in Washington
FILE PHOTO: World Bank Group President David Malpass and IMF Managing Director Christine Lagarde at the IMF and World Bank's 2019 Annual Spring Meetings, in Washington, U.S. April 13, 2019. REUTERS/James Lawler Duggan

April 26, 2019

By David Lawder

WASHINGTON (Reuters) – Nearly 40 world leaders and scores of finance officials, including International Monetary Fund Managing Director Christine Lagarde, are gathered in Beijing for China’s second Belt and Road infrastructure summit, but the World Bank’s new president isn’t among them.

David Malpass, fresh from a senior Trump administration post at the U.S. Treasury Department, is instead making his first foreign trip as the World Bank’s leader to sub-Saharan Africa to highlight his vision for the bank’s poverty reduction and development agenda.

A World Bank spokesman said Malpass will be traveling this weekend to Madagascar, Ethiopia and Mozambique before flying to Egypt and a debt conference in Paris. Malpass has said that Africa is a key priority for the bank due to its high concentration of the world’s poorest people.

World Bank Chief Executive Officer Kristalina Georgieva, who had been acting president during the leadership selection process, is representing the institution at the summit and had accepted China’s invitation before Malpass started at the bank on April 9, the bank spokesman said.

Former World Bank President Jim Yong Kim attended China’s first Belt and Road summit two years ago.

Leaders of two of the countries on Malpass’ trip, Ethiopia and Mozambique, are among a number of African leaders also attending this year’s summit.

Malpass, who was the Treasury’s undersecretary for international affairs, is a longtime critic of China’s Belt and Road lending practices and had worked to raise alarms about them with G7 and G20 countries in that role.

“In lending, China often fails to adhere to international standards in areas such as anti-corruption, export credits, and finding coordinated and sustainable solutions to payment difficulties, such as those sought in the Paris Club,” Malpass told a U.S. House Financial Services subcommittee in December.

His absence coincides with a significant downgrade of the Belt and Road summit by the United States as the Trump administration tries to negotiate a deal to resolve longstanding trade and intellectual property disputes with China — talks in which Malpass frequently participated.

No high-level U.S. officials are attending, a State Department spokesman said, citing similar concerns about Belt and Road debt.

Malpass said at the IMF and World Bank spring meetings this month that meeting the development lender’s goals of ending extreme poverty by 2030 calls for a focus on Africa.

“By 2030, nearly 9 in 10 extremely poor people will be Africans, and half of the world’s poor will be living in fragile and conflict-affected settings,” he told a news conference at the meetings. “This calls for urgent action, by countries themselves, and by the global community.”

He told reporters on his first day on the job that he wanted to “evolve” the bank’s relationship with China to one where Beijing is a bigger contributor of capital and cooperates more closely with the bank on development issues and poverty reduction.

But Treasury Secretary Steven Mnuchin, Malpass’ former boss, on the same day told lawmakers that the World Bank under Malpass’ leadership and a new U.S. development agency “can be a serious competitor to (China’s) Belt and Road.”

(Reporting by David Lawder; editing by Jason Neely)

Source: OANN

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France’s says G7 mostly agreed except on Iran, Israeli-Palestinian issue

French Foreign Minister Jean-Yves Le Drian attends a working session during the Foreign ministers of G7 nations meeting in Dinard
French Foreign Minister Jean-Yves Le Drian attends a working session during the Foreign ministers of G7 nations meeting in Dinard, France, April 6, 2019. REUTERS/Stephane Mahe/Pool

April 6, 2019

DINARD, France (Reuters) – Foreign ministers of the Group of Seven nations broadly agreed on issues during a two-day meeting, but were unable to bridge differences on the Israeli-Palestinian conflict and how to deal with Iran, France’s top diplomat said on Saturday.

“Despite the crisp air of Dinard, we couldn’t overcome some of our differences,” Foreign Minister Jean-Yves Le Drian said at the end of a two-day meeting in western France. “I think the talks were constructive and pleasant both in tone and in the fundamentals.”

Le Drian, whose country has been criticized for supporting Libyan eastern commander Khalifa Haftar, said rival factions in Libya needed to hold back and that Haftar should accept a U.N.-backed peace effort.

(Reporting by John Irish; editing by Richard Lough)

Source: OANN

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Netanyahu's two biggest competitors join forces in bid to beat him in upcoming Israel elections

Two centrist opponents of Israeli Prime Minister Benjamin Netanyahu have formed an alliance in a bid to defeat him in the country's upcoming elections.

Retired military chief Benny Gantz and Yair Lapid, head of the Yesh Atid party, will enter the April 9 elections on a combined ticket in an agreement that would have them rotate as Prime Minister. Should they win the landmark election, Gantz would serve for two-and-a-half years, and Lapid for the same time period after that.

The groundbreaking political move comes as the first significant threat to Netanyahu's rule in a decade, as he faces multiple corruption scandals and a possible indictment.

Gantz and Lapid issued a joint statement in which they said they felt "motivated by national responsibility" to combine their powers to heighten the possibility of ousting Netanyahu.

"The new ruling party will bring forth a cadre of security and social leaders to ensure Israel's security and to reconnect its people and heal the divide within Israeli society," they said.

Gantz is the former head of the Israel Defense Forces (IDF), and Lapid is a former television host turned politician. Their joint list for a new party also includes other major players, former military chiefs Moshe Yaalon and Gabi Ashkenazi. Ashkenazi said he chose to join the party because of the "pivotal moment and the national task at hand."

FARRAKHAN TELLS 'SWEETHEART' REP. OMAR NOT TO APOLOGIZE FOR ISRAEL COMMENTS

Should their new party find success at the ballot boxes in April, it would still require a parliamentary majority. In order to do so, they need to form partnerships with other ruling parties.

In response, Netanyahu has made some alliances of his own. On Wednesday, he reportedly postponed a trip to meet Vladimir Putin in Moscow in order to stay in Israel to make a deal with two religious-nationalist parties, an extension of his recent attempt to appeal to hard-right voters.

Israeli Prime Minister Benjamin Netanyahu chairs the weekly cabinet meeting at the Prime Minister's office in Jerusalem, Sunday, Feb. 17.

Israeli Prime Minister Benjamin Netanyahu chairs the weekly cabinet meeting at the Prime Minister's office in Jerusalem, Sunday, Feb. 17. (AP)

In exchange for an alliance between the Jewish Home and Jewish Power parties, Netanyahu's Likud party promised to reserve their 28th parliamentary seat to two of their Cabinet ministries.

The Jewish Home and Jewish Power parties reportedly house a number of controversial figures including Bezalel Smotrich, who has referred to himself as a "proud homophobe" and Benzi Gopstein, the leader of an extremist group whose Twitter handle translated to "Khanan was right." This refers to the late Rabbi Meir Kahane, the former leader of the Jewish Defense League, a group considered as a terrorist organization by the FBI.

BILL MAHER DEFENDS ILHAN OMAR'S ISRAEL COMMENTS: 'I DON'T KNOW WHY THIS HAS TO BE SEEN AS ANTI-SEMITIC'

The probability of Gantz and Lapid's new party taking victory over Netanyahu is a long shot, but not out of the realm of possibility.

"For the first time since 2009, we have a competitive race for the premiership and this is the result of the emergence of this new centrist force," said Yohanan Plesner, a former lawmaker and president of the non-partisan Israel Democracy Institute.

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"There are now, as a result of this unification, two, I would say, legitimate major parties ... (but) it's not a done deal," Plesner said.

"I think Netanyahu is still more likely to win and to emerge as prime minister at the end of this election campaign, but it is a competitive race."

Source: Fox News World

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Police: Fake Uber driver had pictures of unconscious women

Police say an Alabama man is charged with kidnapping, accused of pretending to be an Uber driver to pick up a university student found unconscious in the back seat of his car.

Tuscaloosa police Capt. Gary Hood said investigators then found multiple images of at least one other college-aged female who appeared unconscious in the vehicle.

Court records show 61-year-old Tommy Beard was released on bond Friday on a first-degree kidnapping charge. Court records don't list an attorney for him.

Hood said Beard picked up the 22-year-old old woman near the University of Alabama campus, driving her about 7 miles (11 kilometers) away. A deputy noticed a car alongside the road and stopped to investigate, which led to his arrest March 2.

Source: Fox News National

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Anti-govt protests resume against Serbia’s populist leader

Several thousand people have turned up at an anti-government protest in Belgrade a day after Serbia's populist President Aleksandar Vucic held a mass rally in an apparent bid to counter months of street demonstrations against him.

Protesters marched through downtown Belgrade on Saturday demanding more democracy and media freedom in Serbia. Such marches have been held every Saturday since last December.

A former extreme nationalist who now says he wants Serbia to join the European Union, Vucic has rejected opposition allegations that he has imposed an autocracy on Serbia. He told supporters at Friday's rally that political differences should be solved at the ballot box.

Tens of thousands of people from all over Serbia and some neighboring countries were bused to Belgrade for Vucic's rally in a show of political strength.

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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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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