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Texas Tech’s Beard named Coach of the Year

NCAA Basketball: Final Four-Coach of the Year Press Conference
Apr 4, 2019; Minneapolis, MN, USA; Texas Tech Red Raiders head coach Chris Beard speaks during a press conference for being named the coach of the year at U.S. Bank Stadium. Mandatory Credit: Robert Deutsch-USA TODAY Sports

April 5, 2019

MINNEAPOLIS – Texas Tech coach Chris Beard was named college basketball Coach of the Year on Thursday.

Texas Tech has a school-record 30 wins entering Saturday’s national semi-final against Michigan State.

“I just want to thank the game of basketball for everything it does for people. It changes lives, and it’s just a special thing. Especially college basketball. When executed correctly, it can just change lives,” Beard said Thursday. “None of us are here today without basketball.”

Beard was an assistant coach and associate head coach at Texas Tech from 2001-11 and worked his way through small-college ranks — first at McMurry University in Abilene, Texas — as a head coach.

“Most importantly, this is an award that we won this year,” Beard said. “I was having the same conversation with Jarrett Culver just a couple of weeks ago in my office when he won Big 12 Player of the Year, and Culver and I shared the view that any award you get in athletics in a team sport is team based.

“So I really share this award with everybody, not only on this year’s team, but every Texas Tech team we’ve had as we built this.

“I just really want to thank the players. It’s so cool when we’re here and we get the award and you guys are here. I don’t know what I possibly could have what John Wooden and Bob Knight and Coach Izzo didn’t have, but I don’t think they had their team 30 minutes removed from practice sitting on the front row when we got the award. This is special. I want to thank each player that played on this year’s team. I wouldn’t be here if it wasn’t for you guys.”

The AP award founded in 1967 went three times to Beard’s mentor, Knight, but Beard is the first coach at a Texas university to win the trophy.

–Field Level Media

Source: OANN

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Pelosi Downplays AOC’s Success: ‘Glass of Water’ With a ‘D’ Could Win Her District

Rep. Nancy Pelosi (D-CA) says that a ‘glass of water’ could be elected in Rep. Alexandria Ocasio-Cortez’s (D-NY) district if it ran as a Democrat.

The House Speaker seemed to downplay the young congresswoman’s success in toppling longtime incumbent Joe Crowley in what was regarded by many as one of the biggest upsets in the 2018 midterm elections.

“When we won this election, it wasn’t in districts like mine or Alexandria’s,” Pelosi told an audience at the London School of Economics and Political Science. “She’s a wonderful member of Congress, I think all of our colleagues would attest.”

“But those are districts that are solidly Democratic,” Pelosi said while picking up a water glass from the table. “This glass of water would win with a ‘D’ next to its name in those districts.”


Pelosi clarified that she didn’t mean to “diminish” the “exuberance and personality” of Ocasio-Cortez and her contemporaries, such as Rep. Ilhan Omar (D-MN) and Rep. Rashida Tlaib (D-MI) — all first-term congresswomen who represent an insurgency of radical socialists within the party.

Pelosi’s remarks came immediately following an interview with 60 Minutes in which she rejected the young revolutionaries as a threat to her power.

“You have these wings — AOC and her group on one side…” said host Lesley Stahl, in reference to new factions forming in the Democrat Party.

“That’s like five people,” Pelosi interjected.

And days before, in an interview with USA Today, Pelosi took a thinly-veiled shot at Ocasio-Cortez’s popularity on social media, saying, “While there are people who have a large number of Twitter followers, what’s important is that we have a large number of votes on the floor of the House.”



Watch as the Democrats and MSM talking heads go into a death spiral now that they know their game is up.

Dan Lyman:

Source: InfoWars

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Girl, 15, charged with attempted murder in school stabbing

Authorities say a 15-year-old girl who stabbed a classmate at a South Carolina high school has been charged with attempted murder.

Richland County Sheriff's Department spokeswoman Cynthia Roldan says the student is charged as a juvenile because of her age and is being held in a juvenile jail.

Deputies say the 15-year-old stabbed a 17-year-old girl around noon Monday at A.C. Flora High School in Columbia.

Investigators say the students had an ongoing argument and no one else was injured.

Deputies say the teen who was stabbed remains in serious condition at the hospital and didn't give additional details about her injuries.

Source: Fox News National

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Russia’s Rusal in talks to resume reinsurance with Western companies

FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk
FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Russia October 3, 2018. Picture taken October 3, 2018. REUTERS/Ilya Naymushin/File Photo

February 18, 2019

By Tatiana Voronova

MOSCOW (Reuters) – Russia’s Rusal, the world’s second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after the United States lifted sanctions on the group, officials with Russian National Reinsurance Co (RNRC) said.

U.S. President Donald Trump’s administration on Jan. 28 lifted sanctions on Rusal and other core assets of tycoon Oleg Deripaska and the reinsurance talks could show the company is returning to normal operations since then.

Natalia Karpova, deputy chief executive of RNRC, told reporters on Monday that Rusal is in talks with western reinsurers to get them back on board to share the aluminum company’s risks after sanctions were lifted, but did not name any of the companies involved.

Rusal’s primary insurer is Ingosstrakh, one of Russia’s largest insurance companies, according to two sources familiar with the process. Ingosstrakh had been reinsuring those risks with Western reinsurance firms prior to the imposition of sanctions by the U.S. Treasury on April 6 last year in response to what it called Russia’s “malign activities”.

RNRC Chief Executive Nikolay Galushin told Reuters last year that after April 6 his firm was forced to take on almost all the risks of a number of Russian industrial plants previously shared among Western reinsurers.

If Rusal persuades Western reinsurers to once again share Ingosstrakh’s risks, RNRC is ready to share 20 percent of that reinsurance with Western firms, Galushin said on Monday.

RNRC was set up by the Russian central bank chiefly to offer reinsurance to firms barred from using Western providers after sanctions were first imposed on Moscow in 2014.

The lifting of sanctions on Deripaska’s interests remains contentious and U.S. congressional Democrats said on Jan. 29 they were not satisfied with the decision.

Ingosstrakh did not immediately reply to a request for comment.

(Reporting by Tatiana Voronova; Additional reporting by Anastasia Lyrchikova; Editing by David Holmes)

Source: OANN

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U.S. settles with Teva over keeping generic drugs off market

FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference in Tel Aviv
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz, to discuss the company's 2019 outlooks in Tel Aviv, Israel February 19, 2019. REUTERS/Amir Cohen/File Photo

February 20, 2019

WASHINGTON (Reuters) – The U.S. government has reached a settlement with Teva Pharmaceuticals Industries Ltd over charges that its agreements with rivals impeded consumer access to lower-priced generic drugs.

The Federal Trade Commission on Tuesday said it had settled three reverse payment fights with units of Teva, which will be prohibited from making any similar agreements with competitors in the future.

In a reverse payment scheme, a brand name drug company compensates a generic firm if it agrees to delay in bringing the cheaper version of the drug to market.

“This broad settlement prevents the world’s largest manufacturer of generic drugs from entering into collusive agreements that prevent price competition by keeping generic drugs off the market,” FTC Chairman Joe Simons said in a statement.

The oldest of the three cases dates to 2009, when the FTC sued Solvay Pharmaceuticals for paying off Watson Pharmaceuticals, Par Pharmaceutical Co and Paddock Laboratories to delay in bringing out a generic version of AndroGel, a testosterone cream. Watson is now owned by Teva.

The second case dates to 2014 and also involves AndroGel. In this instance, AbbVie Inc, which had acquired the drug, was accused of paying off Teva and another generic maker to again delay bringing out a cheaper version of the medicine.

In the third case, Endo Pharmaceuticals was accused of paying generic companies, including Watson, to refrain from bringing out a generic version of Lidoderm, which is used to relieve nerve pain.

(Reporting by Diane Bartz; Editing by Lisa Shumaker; Editing by Susan Thomas and Lisa Shumaker)

Source: OANN

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Campbell to sell Bolthouse Farms for $510 million

FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid/File Photo

April 12, 2019

(Reuters) – Campbell soup Co said on Friday it would sell its Bolthouse Farms business to an affiliate of private equity firm Butterfly Equity for $510 million, in the U.S. food company’s first major sale as part of its cost-cutting divestiture plan.

The company said the completion of the sale of Bolthouse Farms, part of Campbell’s fresh unit, is expected by the end of fiscal 2019.

Campbell will have divested its entire fresh division on completion of the deal, the company said.

The Wall Street Journal on Thursday had reported about the deal saying former Bolthouse Chief Executive Officer Jeff Dunn was working with Butterfly Equity to buy the unit.

(Reporting by Uday Sampath in Bengaluru)

Source: OANN

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Gold Rush: China Fleeing US Dollar

China added to its official gold reserves for the third straight month in February as the country continues efforts to minimize its exposure to the US dollar.

The People’s Bank of China added 10 tons of gold to its horde last month. It has accumulated an additional 32 tons of the yellow metal since the beginning of the year. According to the Financial Times, at this rate, China will surpass Russia and Kazakhstan as the leading central bank buyers.

In December, the Chinese announced the first increase in their gold holding since 2016. China now officially holds 1,874 tons of gold.

The Chinese have also been selling off US Treasury holdings. Over the past year, the Chinese have shed more than $50 billion in US debt.


Army Veteran Tony Arterburn joins Harrison Smith on The War Room to discuss his fight to spread the truth.

A Chinese analyst told the Global Times that the moves are “due to the US diving creditability as a result of the ‘hegemon-like behavior’ that’s on the rise in the US.” Zhou Yu, director of the Research Center of International Finance at the Shanghai Academy of Social Sciences, told the Global Times that China wants to minimize its exposure to the US dollar.

“Since the start of the China-US trade dispute, China has realized that there are risks in holding the US dollar, and it is taking action to increase holdings of other financial assets such as gold to replace its US dollar-denominated assets to guard against those risks.”

Dong Dengxin, director of the Finance and Securities Institute at Wuhan University, told the Global Times that there are also concerns about America’s “creditworthiness.”

“A common view has formed across the world that the decline in US creditworthiness, resulting from the ‘America First’ policy, the transition in US trade policy, and ‘flip-flopping’ of the US president, is hurting the global economy and destabilizing the global financial system. Therefore, many countries feel unsafe, and they are choosing to reduce dollar asset allocation to protect themselves from potential risks.”

The Chinese have a history of going long periods without any official announcement of its gold holding and then suddenly revealing a large increase in its reserves. In 2009, the People’s Bank of China stopped reporting its gold holdings. Then in June 2015, the Chinese central bank suddenly announced its gold hoard had grown by 57%.

For a little more than a year, the PBOC regularly announced additions to its gold reserves. Chinese gold holdings rose another 185 tons over the next 16 months before it suddenly went silent again. During this time period, China was pushing for inclusion of the yuan in the International Monetary Fund’s benchmark currency basket.

(Photo by Andrzej Barabasz / Wikimedia Commons)

Many analysts believe China holds far more gold than it officially reveals. As Jim Rickards pointed out on Mises Daily back in 2015, many people speculate that China keeps several thousand tons of gold “off the books” in a separate entity called the State Administration for Foreign Exchange (SAFE). Given the political dynamics and the ongoing trade war, it seems unlikely the Chinese suddenly stopped increasing their gold reserves in 2016.

China isn’t alone in buying gold. The Russian central bank has also endeavored to reduce its exposure to the dollar over the last several years by buying gold and selling off US Treasuries. Russian gold reserves increased 274.3 tons in 2018, marking the fourth consecutive year of plus-200 ton growth. In February 2018, Russia passed China to become the world’s fifth-largest gold-holding country.

There have also been efforts to limit exposure to the US dollar by setting up alternative payments systems and financial channels that don’t rely on the greenback. The Russians have developed an alternative payment system that has reportedly surpassed SWIFT in popularity within the country. According to the Central Bank of Russia, 416 Russian companies and government organizations had joined the System for Transfer of Financial Messages (SPFS) as of September.

And it’s not just countries that have traditionally rocky relations with the US looking for alternatives. In September 2018, the EU announced plans to develop a special payment channel to circumvent US economic sanctions and facilitate trade with Iran.

Gold offers countries some measure of independence from the US dollar. That means more political and economic independence and stability. Gold could even play a key role in a strategy to dethrone the greenback.


An expert reveals what’s in store for America as major nations grab more gold.

Source: InfoWars

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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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