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2020: Will Trump Abandon “Endless War” Issue to Bernie?

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Source: InfoWars

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Parts of UK government risk further cuts after austerity ends: Hammond

FILE PHOTO: Britain's Chancellor of the Exchequer Philip Hammond is seen outside Downing Street in London
FILE PHOTO: Britain's Chancellor of the Exchequer Philip Hammond is seen outside Downing Street in London, Britain, April 3, 2019. REUTERS/Toby Melville

April 4, 2019

By Andy Bruce

LONDON (Reuters) – An end to austerity in Britain does not mean all government departments will see their budgets keep pace with inflation, Conservative finance minister Philip Hammond said on Friday.

Last year Hammond announced that years of self-enforced thrift over government spending was coming to an end, a claim parliament’s Treasury Committee criticized as “imprecise” and lacking in detail.

On Friday he spelled out more about what an end to austerity would mean for a multi-year review of government spending due toward the end of the year alongside his annual budget.

“All Spending Reviews are about prioritization and efficiency, and it would be odd to define ending austerity as meaning that every department sees an annual real terms increase in its budget,” Hammond said in a letter to the chair of the Treasury Committee, Nicky Morgan.

Day-to-day spending on public services was likely to rise 1.2 percent a year above inflation over the coming years, compared with an average real-terms fall of 1.3 percent a year between 2015 and 2020, and double that in the five years before.

The last spending review before the financial crisis, conducted by a Labour government in 2007, envisaged real-terms cuts to spending on foreign affairs, justice, and the administration of pensions and social benefits.

Delivering faster job growth, a higher minimum wage and lower income tax bills for many workers also counted toward ending austerity, Hammond added.

Morgan said Hammond’s comment was “noteworthy”.

Britain’s budget deficit looks on track to drop to its lowest since 2001/02 at just over 1 percent of national income in the 2018/19 financial year that has just ended, down from 10 percent just after the global financial crisis in 2009/10.

Last month, Hammond said he could free billions of pounds for extra public spending or tax cuts, as long as parliament resolves its Brexit impasse.

Britain could ask the European Union for a long Brexit delay next week if crisis talks between Prime Minister Theresa May’s government and the opposition Labour Party fail to find a way out of the impasse over the divorce from the European Union.

It is nearly three years since the United Kingdom shocked the world by voting 52 percent to 48 to leave the bloc. Supporters of Brexit fear betrayal and opponents are pushing for another referendum.

Hammond last month repeated his forecast that there would be a Brexit deal “dividend” as companies regained confidence, despite criticism from the Treasury Committee over his use of the phrase.

(Editing by David Milliken)

Source: OANN

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China says trade talks with US ‘moving forward’

China says trade talks with the U.S. are "moving forward" after nine rounds of consultations aimed at ending a standoff that has shaken the world economic outlook.

Foreign Ministry spokesman Lu Kang on Thursday said the latest discussions had achieved "new substantial progress."

The three days of talks in Washington last week dealt with issues including technology transfer, intellectual property rights protection, non-tariff measures, agriculture and enforcement of agreements.

Leading the delegations are U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He.

Lu says China hopes the sides could keep working to address concerns "on the basis of mutual respect, equality and mutual benefit." White House press secretary Sarah Sanders earlier said "significant work remains" before an agreement can be reached.

Source: Fox News National

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Schultz details how he’d run the country if elected as an independent president

He’s not a declared presidential candidate yet -- but former Starbucks chairman and CEO Howard Schultz on Wednesday spelled out how he’d run the country as a centrist president not tied to either major political party.

And in a speech at South Florida’s Miami-Dade College, Schultz lamented the worsening partisan gridlock between Democrats and Republicans in Washington.

HOWARD SCHULTZ RIPS GREEN NEW DEAL

"We deserve better than this,” he argued. “The cost of our government’s dysfunction is great - and it impacts all of us. Our biggest problems are not being solved.”

Schultz spotlighted that “this dysfunction cannot stand,” and vowed that as “an independent president, I would be a bridge to bring leaders of both parties together in a way no president has done in recent years.”

He promised that as president he’d “have members of both parties to the White House for coffee as often as I can.”

And he touted that he would “assemble a cabinet that truly represents America in every way, including a cross-partisan group of Democrats, Republicans, and independents—and a greater share of women than any previous president.”

SCHULTZ WARNS DEMOCRATS THEIR 2020 NOMINEE COULD BE 'SPOILER'

Lamenting that federal courts “have become yet another battlefield in the ongoing war between Democratic and Republican leaders,” he vowed to nominate Supreme Court justices only if they could be confirmed by two-thirds of the Senate.

He also outlined that he would “prioritize reforms that break the logjam of extremism and partisanship that have prevented us from coming together and passing common sense legislation. Among those reforms will be aggressive measures to limit the power of lobbyists and special interests in Washington.”

Schultz is in the middle of a national tour – tied to the release of his new book – as he weighs a long shot independent White House run. He’s said he’ll make a final decision on launching a presidential campaign later this year.

Schultz -- a lifelong Democrat -- has said the reason he’s mulling an independent White House bid is because he feels the Democratic Party has moved too far to the left.

At the recent South by Southwest conference and festival in Austin, Texas, Schultz slammed some of the leading contenders for the Democratic presidential nomination.

“Bernie Sanders, Elizabeth Warren, and others are proposing to try and defeat Donald Trump with a far extreme proposal,” he spotlighted.

BIDEN, SANDERS, TOP LATEST 2020 DEMOCRATIC PRIMARY POLLS

Democrats have repeatedly criticized him, saying an independent bid by a billionaire like Schultz who could self-finance his campaign would siphon votes from the eventual Democratic nominee – which they argue would help Republican President Donald Trump win re-election in 2020.

In his speech, Schultz also took aim at Trump, saying “the damage this presidential administration has already inflicted on our democratic institutions and ideals is severe.”

And Schultz promised that if elected, he wouldn’t berate his cabinet and other top officials.

“I won’t humiliate them on Twitter or make decisions so outrageous that they feel compelled to resign in protest,” he explained, in an indirect slight at the president.

Source: Fox News Politics

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Exclusive: Apple in talks with potential suppliers of sensors for self-driving cars – sources

Logo of Apple is seen at a store in Zurich
FILE PHOTO: The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann

April 17, 2019

By Stephen Nellis

SAN FRANCISCO (Reuters) – Apple Inc has held talks with at least four companies as possible suppliers for next-generation lidar sensors in self-driving cars, evaluating the companies’ technology while also still working on its own lidar unit, three people familiar with the discussions said.

The moves provide fresh evidence of Apple’s renewed ambitions to enter the autonomous vehicle derby, an effort it calls Project Titan. The talks are focused on next-generation lidar, a sensor that provides a three-dimensional look at the road.

Apple is seeking lidar units that would be smaller, cheaper and more easily mass produced than current technology, the three people said. The iPhone maker is setting a high bar with demands for a “revolutionary design,” one of the people familiar with the talks said. The people declined to name the companies Apple has approached.

The sensor effort means Apple wants to develop the entire chain of hardware to guide autonomous vehicles and has joined automakers and investors in the race to find winning technologies.

Current lidar systems, including units from Velodyne Inc mounted on Apple’s fleet of self-driving test vehicles, use laser light pulses to render precise images of the environment around the car. But the systems can cost $100,000 and use mechanical parts to sweep the laser scanners across the road.

That makes them too bulky and prone to failure for use in mass-produced vehicles. The shortcomings have spurred $1 billion in investment at dozens of startups and mature companies alike to make lidar smaller, cheaper and more robust.

Apple’s interest in next-generation lidar sensors comes as it has sharply increased its road testing while bringing on key hires from Tesla Inc and Alphabet Inc’s Google.

It remains unclear whether the goal of Apple’s Project Titan is to build its own vehicle or supply the hardware and software elements of self-driving car while pairing with a partner for the entire vehicle.

But what is clear from Apple’s interest in cheaper lidar systems is that it wants to control the “perception stack” of sensors, computers and software to drive an autonomous vehicle, regardless of who makes the vehicle, another person familiar with the talks said. The three people familiar with the talks declined to be identified because the discussions are not public.

In addition to evaluating potential outside suppliers, Apple is believed to have its own internal lidar sensor under development, two of the people said.

Alphabet-owned Waymo has taken a similar path, assembling a sensor and computer system while inking deals to buy vehicles from Fiat Chrysler Automobiles.

Apple gets “a lot of optionality by working on the perception stack,” said the second person familiar with the talks. “Bringing a passenger car to the market is really, really hard, and there’s no reason right now they need to jump into it.”

REDUCING COSTS

The designs Apple is seeking could potentially be made with conventional semiconductor manufacturing techniques, all four people familiar with the talks said.

That has the potential to lower prices from the many thousands to the hundreds of dollars as the sensors are produced in larger numbers, similar to chips in phones and other devices. Apple also wants sensors that can see several hundred meters (yards) down the road.

The long-distance requirement shows Apple is interested in fully self-driving vehicles, versus the more limited features such as adaptive cruise control used today, two people familiar with the matter said.

“They’re not happy with most of what they see,” the first person familiar with the matter said. “They’re looking for a revolutionary design.”

A third person familiar with the matter said Apple is seeking a “design-oriented” sensor that would be sleek and unobtrusive enough to fit into the overall lines of a vehicle.

Apple declined to comment.

Apple once investigated building its own vehicle. The company had a team of more than a dozen engineers dedicated to detailed work such as ensuring doors closed quietly instead of slamming shut, a fourth person briefed on the matter said.

Apple last year re-hired Doug Field, an Apple veteran who was serving as Tesla’s engineering chief, to work on Project Titan. The project has about 1,200 people, according to a count in court documents.

Field has been putting his stamp on the effort, laying off about 190 workers but also bringing on key hires such as Michael Schwekutsch, who oversaw electric drive train technology at Telsa. Apple also ramped up its testing miles in California, driving nearly 80,000 last year compared to 800 the year before.

(Reporting by Stephen Nellis in San Francisco; Editing by Greg Mitchell and Cynthia Osterman)

Source: OANN

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German businesses prepared for all Brexit scenarios: BDI

FILE PHOTO: BDI president Dieter Kempf addresses a news conference before the German Industry Day, hosted by the BDI industry association, in Berlin
FILE PHOTO: BDI president Dieter Kempf addresses a news conference before the German Industry Day, hosted by the BDI industry association, in Berlin, Germany, June 20, 2017. REUTERS/Hannibal Hanschke

March 15, 2019

BERLIN (Reuters) – German businesses have put great efforts in preparing for all possible scenarios for Britain’s departure from the European Union but still hope for an orderly Brexit, BDI industry association said on Friday.

“We still hope that the exit treaty will be adopted, we are all looking into the same abyss”, BDI President Dieter Kempf told broadcaster Deutschlandfunk.

British lawmakers voted on Thursday to seek a delay in Britain’s exit from the European Union, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by parliament next week.

(Reporting by Tassilo Hummel; Editing by Riham Alkousaa)

Source: OANN

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Brazil’s House speaker Maia expects $260 billion pension reform to be approved in May or June

FILE PHOTO: Brazil's Lower House President Rodrigo Maia attends a seminar in Brasilia
FILE PHOTO: Brazil's Lower House President Rodrigo Maia attends a seminar in Brasilia, Brazil April 8, 2019. REUTERS/Adriano Machado/File Photo

April 11, 2019

NEW YORK (Reuters) – Brazil’s pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.

Speaking at a conference on Brazil in New York, Maia said the government’s communication with lawmakers had been poor but was now improving. Maia said he was also optimistic the final bill will generate the 1 trillion reais ($260 billion) in savings over the next decade the government is hoping for.

(Reporting by Jamie McGeever)

Source: OANN

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

April 26, 2019

By Ryan Woo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEED FOR CASH

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STATE COMPETITION

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

April 26, 2019

By Patricia Weiss and Ludwig Burger

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

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

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

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

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

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

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

Bayer is appealing or plans to appeal the verdicts.

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

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

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

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

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

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

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

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

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

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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