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Trump says Dems have forsaken Mueller after treating him as ‘God-like’

President Trump blasted Democrats on Tuesday for shifting focus to a slew of other investigations into his administration now that the special counsel probe is over, saying the same lawmakers who treated Robert Mueller as “God-like” no longer “acknowledge his name.”

“Robert Mueller was a God-like figure to the Democrats, until he ruled No Collusion in the long awaited $30,000,000 Mueller Report. Now the Dems don’t even acknowledge his name, have become totally unhinged, and would like to go through the whole process again. It won’t happen!” Trump tweeted Tuesday morning.

HOUSE DEMS PREPARE FOR SUBPOENA BATTLE OVER MUELLER REPORT

Despite the president's comments, Democrats are still focused in part on the Mueller investigation -- namely, on getting access to the full report. Attorney General Bill Barr has said that he and the special counsel’s team are “well along in the process of identifying and redacting” sensitive material in the more than 300-page report and can likely have it to Congress by mid-April, “if not sooner.” But Democrats on the House Judiciary Committee are preparing to authorize subpoenas for the report this week, giving the panel the option to pursue that route if necessary.

At the same time, congressional Democrats are escalating their own probes.

The president on Tuesday also blasted two of those lawmakers -- House Judiciary Committee Chairman Jerrold Nadler, D-N.Y., and House Intelligence Committee Chairman Adam Schiff, D-N.Y., while giving the latter a Trump-esque nickname.

“There is no amount of testimony or document production that can satisfy Jerry Nadler or Shifty Adam Schiff. It is now time to focus exclusively on properly running our great Country!” Trump tweeted.

Minutes later, Schiff fired back.

“The House voted 420-0 to release the full Mueller report to the public. The American people overwhelmingly support the same. What are you afraid of, Mr. President?” Schiff tweeted.

House Speaker Nancy Pelosi, D-Calif., has also been vocal on calling for a full version of the Mueller report.

“The American people deserve and want the truth. Overwhelmingly you see that—whatever the truth—let the chips fall where they may—let’s show us the truth,” Pelosi said during a panel interview with Politico Tuesday. “There’s no reason why they couldn’t put some of this out…I know sources and methods, but that’s no excuse for hiding the truth from the American people.”

She added: “There will be a release of the Mueller report. “

The report was first transmitted to Barr at the Justice Department last month. Barr issued a four-page initial summary of Mueller’s findings to Congress and to the public just days after. Barr’s summary said that the special counsel found no evidence of collusion between members of the Trump campaign and the Russians during the 2016 presidential election.

Immediately, Democrats began demanding to view the full Mueller report and underlying evidence that brought the special counsel to its decision.

BARR TO RELEASE MUELLER REPORT TO CONGRESS BY 'MID-APRIL, IF NOT SOONER;' WILL NOT TRANSMIT TO WHITE HOUSE FOR PRIVILEGE REVIEW

Barr has indicated he does plan on sharing much of the report itself, noting that, with the help of the special counsel’s office, the Justice Department is reviewing material that “by law cannot be made public” -- covering “material the intelligence community identifies as potentially compromising sensitive sources and methods; material that could affect ongoing matters, including those that the Special Counsel has referred to other Department offices; and information that would unduly infringe on the personal privacy and reputational interests of peripheral third parties.”

Barr added that: “Although the President would have the right to assert privilege over certain parts of the report, he has stated publicly that he intends to defer to me and, accordingly, there are no plans to submit the report to the White House for privilege review."

DEMS WHO FUMED AT NUNES FOR JEOPARDIZING 'SOURCES AND METHODS' NOW DEMAND MUELLER REPORT IN FULL

The special counsel also reviewed whether the president had obstructed justice in any way, but ultimately did not come to a conclusion on that issue. Barr and Deputy Attorney General Rod Rosenstein, though, said the evidence was “not sufficient to establish that the President committed an obstruction-of-justice offense.”

Nadler’s committee, meanwhile, sent document requests to 81 individuals and entities associated with the president last month as part of his investigation into “alleged obstruction of justice, public corruption, and other abuses of power by President Trump."

Schiff’s panel is also investigating the president’s foreign business dealings and Russian election meddling, maintaining that there is evidence of collusion, despite Mueller’s findings.

The House Financial Serves Committee, led by Rep. Maxine Waters, D-Calif., is also probing the president, coordinating with Schiff’s committee on money-laundering inquiries. The House Foreign Affairs Committee, chaired by Rep. Eliot Engel, D-N.Y., is also involved.

Source: Fox News Politics

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South Korea first to roll out 5G services, beating U.S. and China

People take photographs during a launching ceremony for SK Telecom's 5G service, in Seoul
People take photographs during a launching ceremony for SK Telecom's 5G service, in Seoul, South Korea, April 3, 2019. REUTERS/Kim Hong-Ji

April 3, 2019

By Ju-min Park

SEOUL (Reuters) – South Korea will become the first country to commercially launch fifth-generation (5G) services on Friday as it rolls out the latest wireless technology with Samsung Electronics’ new 5G-enabled smartphone Galaxy S10.

With one of the world’s top smartphone penetration rates, South Korea is in a race with China, the United States and Japan to market 5G, hoping the technology will spur breakthrough in fields such as smart cities and autonomous cars, and drive up its economic growth that slowed to a six-year low in 2018.

“It is meaningful that South Korean telecom companies are providing services and networks meeting South Korean customers’ high standard in speed and picture quality,” Ryu Young-sang, executive vice president at the country’s top mobile carrier SK Telecom, said on Wednesday.

5G will change the landscape of the gaming industry as it allows games streamed with minimal delay to be played on smartphones, Ryu added.

The technology can offer 20-times faster data speeds than 4G long-term evolution (LTE) networks and better support for artificial intelligence and virtual reality with low latency.

Sometimes it can offer 100-times faster speeds.

South Korean carriers have spent billions on campaigns marketing 5G and, on Wednesday, SK Telecom showed off K-pop stars and an Olympic gold medalist as its first 5G customers.

SK Telecom is working with its memory-chip making affiliate SK Hynix to build a highly digitized and connected factory powered by 5G technology, Ryu said.

The operator expects about 1 million 5G customers by end-2019. It has a total of 27 million users.

Smaller rival KT Corp is set to offer cheaper plans than its LTE service, with unlimited data and 4-year installments to buy 5G devices.

Samsung was the first to unwrap a 5G phone in February when it unveiled the Galaxy S10 5G and a nearly $2,000 folding smartphone, putting the world’s top smartphone maker by volume in pole position in the 5G race, some analysts say.

Smaller local rival LG Electronics plans to release its 5G smartphone in South Korea later this month.

In the United States, carrier Verizon plans to launch its 5G network in two cities on April 11.

SECURITY CONCERNS

While security concerns over 5G networks using telecom equipment made by China’s Huawei have marred the buildup to the release of these services, South Korean telcos have tried to shrug them off.

“I don’t think we have a security issue in South Korea,” Park Jin-hyo, head of SK Telecom’s information and communication tech research center, told reporters.

He added that the company uses advanced technology to block eavesdropping or hacking into 5G networks.

Among South Korea’s top three telecom operators, SK Telecom and KT Corp do not use Huawei equipment for 5G. Smaller carrier LG Uplus uses Huawei gear.

But SK Telecom officials said it was likely there will be an open auction for network equipment makers including Huawei if South Korea needs more base stations for higher frequencies.

(Reporting by Ju-min Park; Editing by Sayantani Ghosh and Himani Sarkar)

Source: OANN

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10 arrested in nationalist protest against Ukraine's leader

Police in the Ukrainian city of Poltava have arrested 10 people as nationalist demonstrators attempted to interrupt a campaign appearance by President Petro Poroshenko.

Police said the demonstrators aggressively tried to provoke a conflict with officers at the event Saturday in the city 350 kilometers (210 miles) east of Kiev, the capital.

In the capital, about 3,000 nationalists demonstrated outside the presidential administration building, demanding arrests in an alleged embezzlement scheme in Ukraine's defense industries that allegedly involves figures close to Poroshenko and a factory controlled by him. Some of the demonstrators threw toy pigs, symbolizing corruption.

The embezzlement scheme, reported in a journalistic investigation in February, has become a top issue in the heated campaign ahead of Ukraine's March 31 presidential election.

Source: Fox News World

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House Condemns Trump’s Courtroom Efforts to End Obamacare

Calling it an effort to take away Americans' healthcare, the Democrat-controlled U.S. House of Representatives voted Wednesday to condemn the Trump administration's courtroom bid to eliminate Obamacare.

The 240-186 House vote was a largely symbolic move aimed at keeping the spotlight on the issue. Just eight Republicans joined majority Democrats in voting to urge the administration to reverse its assault against Obamacare, as the 2010 Affordable Care Act that overhauled the U.S. healthcare system is popularly known.

House Democrats brought the resolution to force lawmakers to take a stand on the Justice Department's recent move asking an appeals court to overturn Obamacare on constitutional grounds.

President Donald Trump, a Republican, has pledged to deliver a better healthcare system than Obamacare if the Supreme Court tosses out his predecessor's signature domestic achievement.

"The American people deserve to know exactly where their representatives stand on the Trump administration's vicious campaign to take away their healthcare," House Speaker Nancy Pelosi, a Democrat, said.

But Republicans called the resolution a "political stunt". Representative Kevin Brady said that if the Supreme Court did strike down Obamacare, Republicans would act to protect some provisions, including coverage guarantees for people with pre-existing medical conditions.

Trump says his administration is drawing up a new healthcare plan ahead of the 2020 election that could be implemented soon afterwards, assuming he wins re-election and Republicans win back the House and keep the Senate.

But Democrats say some 20 million people could lose insurance if the courts toss out Obamacare. They have happily seized on the issue again after having won control of the House last November while campaigning heavily on strengthening Obamacare.

"The president’s view will make 2020 all about healthcare," House Majority Leader Steny Hoyer said. "I would suggest that’s good for us (Democrats). The American people are for having access to care."

Some Republicans who voted with Democrats Wednesday were from "swing" districts, and may worry that opposing Obamacare could be a liability when they face the voters again next year.

Trump accuses Democrats of seeking "a socialist takeover of American healthcare," and is certain to take that argument onto the 2020 campaign trail. "This (healthcare) will be a great campaign issue," he tweeted Wednesday ahead of the House vote.

Trump vowed in the 2016 presidential election to end Obamacare but failed to do so during his first two years in power, despite Republicans controlling both House and Senate.

Source: NewsMax Politics

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How to lower chances of employee theft: 5 things to know

Small businesses can reduce their chances of employee theft or limit their losses by implementing technological controls and checks and balances in their daily operations.

The thin staffing at many small businesses can make them vulnerable to theft. So can small companies' tendency to have less sophisticated technology practices.

Five ways that companies can protect themselves:

— Make sure that responsibility for finances doesn't rest with only one person, says Doug Karpp, a senior vice president with insurer Hiscox. At the least, "business owners should have their bank statements sent to their home instead of the business, and given to their accountants to review," Karpp says.

— When a staffer quits or is fired, their access to the company's computer system and email should be cut off immediately. Any passwords they use should be changed. Owners may also want to consider having the staffer leave the day they give notice.

"All the things that go hand in hand with the termination of an employee in a large company, a small company needs to think of too," says Shira Forman, an employment attorney with Sheppard Mullin in New York.

— Watch out for suspicious behavior that could be a tipoff about stealing, says Rick Gibbs, a consultant with human resources provider Insperity. For example, consider a staffer who never takes vacation or days off. While they could be dedicated, they could also be trying to make sure that no one else gets to fill in for them and see what they've been doing.

— Surveillance cameras can discourage staffers from stealing property, Gibbs says. Even if a camera is not a deterrent, the owner can see who the thief was.

— If an owner suspects or is aware of a theft, they should consult with an attorney or HR provider to decide the best cause of action. They should also take steps to limit or stop the damage. In the case of a technologically savvy staffer, an owner needs to be sure the employee isn't in a position to harm the company's systems, Forman says.

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For more small business news, insights and inspiration, sign up for our free weekly newsletter here: http://discover.ap.org/ssb

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Follow Joyce Rosenberg at www.twitter.com/JoyceMRosenberg . Her work can be found here: https://apnews.com

Source: Fox News National

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EU watchdog SRB sees no imminent banking risks from no-deal Brexit

Anti-Brexit demonstrators gather outside the Houses of Parliament, in Westminster, London
Anti-Brexit demonstrators gather outside the Houses of Parliament, in Westminster, London, Britain, March 25, 2019. REUTERS/Alkis Konstantinidis

March 26, 2019

BRUSSELS (Reuters) – Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for dealing with failing lenders said on Tuesday.

Single Resolution Board’s chief Elke Koenig also said a court ruling last week which overturned an EU decision over the rescue of Italy’s Tercas bank in 2014 could open the way for a discussion on the role of deposit guarantee schemes beyond their core function of protecting savers of collapsing banks.

(Reporting by Francesco Guarascio, Editing by Gabriela Baczynska)

Source: OANN

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Asiana Airlines creditors to come up with financial support plan by April 25: KDB

FILE PHOTO: An Asiana Airlines Boeing 747-400 taxis at San Francisco International Airport
FILE PHOTO: An Asiana Airlines Boeing 747-400 taxis at San Francisco International Airport, San Francisco, California, Feb. 7, 2015. REUTERS/Louis Nastro

April 16, 2019

SEOUL (Reuters) – Creditors of Asiana Airlines aim to come up with a financial support plan for the debt-laden South Korean carrier by April 25 to help relieve its liquidity problems, the chairman of its main creditor, Korea Development Bank, said on Tuesday.

KDB Chairman Lee Dong-gull also told a briefing the creditors plan to sign a preliminary deal on the support measures in late April or early May.

Kumho Industrial, the top shareholder of Asiana, said on Monday that it plans to sell its entire 33.5 percent stake, worth 500 billion won ($440.08 million) at the closing price, as the cash-strapped airline seeks creditor support.

Lee said it is “desirable” that Asiana should also sell its units, which include two budget carriers, Air Busan and Air Seoul.

(Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)

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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