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China Experiencing Worst Economic Growth in 30 Years

China is trying to stem an economic slowdown, including rising unemployment, continuing into the first two months of 2019 after documenting its worst year of economic growth in nearly 30 years in 2018.

Beijing is trying to counter the slowdown by spending more on infrastructure project and encouraging banks to extend loans to small businesses, reported The Wall Street Journal Thursday.

China’s economic health indicators were released Thursday and encourage far less optimism than they did this time last year. Home sales by value rose 4.5 percent in January and February from a year earlier, compared with a 14.7 percent increase at the same point in 2018, according to The WSJ. And the country’s value-added industrial output, which “measures the economy’s manufacturing, mining, utilities and other output,” had a 5.3 percent year-over-year increase as of the January-February period compared to a 5.7 percent year-over-year increase in December.


Huawei is being used by China to spy on America, even prompting the Pentagon to remove all its products that the military may be using.

Unemployment numbers also indicate a slowdown. A national urban survey unemployment rate grew from 4.9 percent in December to 5.3 percent in February, according to The WSJ.

Some experts predict the Chinese economy will hit its adjusted economic-growth target of around 6 percent. China is likely to exceed 6 percent in coming quarters because it has “the capacity to boost growth if needed,” Philippe Ithurbide, global head of research at Amundi, told Bloomberg in a video posted Thursday.

(Photo by kees torn / Wikimedia Commons)

The WSJ warned that “getting an accurate read” of China’s economy is hard in January and February because of the Lunar New Year holiday, prompting economists to combine data from the two months.

The new data comes as U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet in April after months of a tit-for-tat trade war. Trump announced in late February he was delaying tariffs on Chinese imports.

But the U.S. is not done with using tariffs to ensure China plays by its rules.

“We have to maintain the right to be able to, whatever happens to the current tariffs, to raise tariffs in situations where there’s violations of the agreement,” U.S. Trade Representative Robert Lighthizer told the Senate Finance Committee Tuesday according to Bloomberg. “I can’t predict success at this point, but we’re working hard and we have made real progress.”

China’s economy slowed dramatically during 2018, dropping to its lowest point in nearly 30 years as the communist country battled a prolonged tariff fight against President Donald Trump.


Infowars Europe’s Dan Lyman joins Owen Shroyer to discuss the reality that liberty is on the rise world wide.

Source: InfoWars

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Wisconsin woman accused of spitting, attacking officers while threatening 'you dead' after traffic stop

A weekend traffic stop of a Wisconsin woman suspected to be under the influence became a booking room melee after officials said she was caught on camera threatening and attacking officers in a fit of laughter.

The Brown Deer Police Department said in a report the incident began at 11:56 p.m. Saturday after an officer reported a wrong-way driver. Police attempted a traffic stop, but said the driver, identified as 26-year-old Denisha Davis, did not pull over for several blocks.

Once Davis was outside the vehicle, video obtained by FOX6 shows the 26-year-old attempt to complete field sobriety tests while giggling and stumbling. Once she was handcuffed by officers, Davis can be seen looking at a dashboard video camera and sticking up her middle finger and sticking out her tongue.

ARKANSAS POLICE OFFICER FIRES AT LEAST 15 TIMES INTO CAR WHILE ON HOOD IN DEADLY SHOOTING CAUGHT ON VIDEO

When Davis was brought back to the station, the situation escalated as two officers tried to remove her jacket. She could be seen in the video obtained by FOX6 appearing to strike one officer.

After a brief struggle, Davis was brought to the ground.

"Try me, b----. Don't play with me. I`ll hit you in your chin again if you let me go b----," she can be heard saying in the video while laughing as officers tried to restrain her.

Denisha Davis can be seen struggling with police in a booking room early Sunday.

Denisha Davis can be seen struggling with police in a booking room early Sunday. (Brown Deer Police/FOX6)

"We are going to war with you m------------, and that's a promise," the 26-year-old said. "B----, you dead. You got that?"

NEW JERSEY POLICE SHOOT, KILL BULL ATTACKING OWNER AFTER IT POUNCED ON PATROL VEHICLE: REPORT

After she was restrained and taken to a hospital for a blood draw, police said Davis continued to act out, spitting at officers.

Denisha Davis was arrested after a traffic stop just before midnight Sunday.

Denisha Davis was arrested after a traffic stop just before midnight Sunday. (Brown Deer Police/FOX6)

"The suspect decided to spit at officers multiple times," Brown Deer Police Officer Nick Andersen told FOX6. "Obviously, the job is dangerous enough as it is. People get upset with our actions and decide to take it in their own hands. It's unfortunate for the men and women out there trying to keep the roads safe."

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Davis faces two counts of throwing/discharging bodily fluid at public safety workers or prosecutors, operating while intoxicated (second offense) and operating while revoked. The 26-year-old made her initial appearance in court on Tuesday, where a $650 signature bond was set, FOX6 reported.

Source: Fox News National

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Manson follower Van Houten gets another chance at parole

Charles Manson follower Leslie Van Houten is getting another chance at freedom following a yearslong saga that has seen a parole board recommend her for release three times but her ultimately being denied the chance to leave prison.

Van Houten's case is being heard before California's 2nd District Court of Appeal, which will consider whether to overturn a judge's ruling denying her parole last year.

Van Houten's attorney, Rich Pfeiffer, will argue that his 69-year-old client deserves to be released because she has changed, takes responsibility for her actions and has been a model inmate for more than four decades. Prosecutors will continue to vigorously fight Van Houten's release because of the seriousness of the crimes.

Van Houten was 19 when she and fellow members of Manson's cult stabbed Los Angeles grocer Leno LaBianca and his wife, Rosemary, to death in 1969. The killings took place a day after other so-called Manson family members killed actress Sharon Tate and four others in crimes that shocked the world.

Van Houten, who is serving life in prison, was only involved in the LaBianca killings. She is not expected at the court hearing Wednesday.

Every year since 2016, a parole board has recommended that Van Houten be released, finding that she's no longer a threat to society.

Former Gov. Jerry Brown twice blocked Van Houten's release, saying she had failed to explain how she transformed from an upstanding teen to a killer and that she laid too much of the blame on Manson.

The parole board's most recent decision on Jan. 30 is undergoing a five-month review process before heading to Gov. Gavin Newsom.

A three-judge panel of the 2nd District Court of Appeal could decide the case after hearing arguments Wednesday, potentially rendering any decision by Newsom unnecessary, or the judges could decide that the case belongs in the governor's hands.

Pfeiffer said he has never been so optimistic that Van Houten will win.

"This has been the best anything has ever looked since I've been on the case," he said. "This is probably the best way out."

But courts can be reluctant to interfere in parole matters, said Samuel Pillsbury, a criminal law professor at Loyola Marymount University in Los Angeles.

"It is highly emotional," Pillsbury said. "The voters have decided the governor should have a veto on this, so the courts would prefer to let this process play out."

If the decision comes down to the governor, Pillsbury said Van Houten has an uphill battle because of the infamy of the Manson murders.

"There's no other case like it in terms of the number of people in California who feel strongly about it, who've lived through it," he said. "The entire state and much of the nation still feel some degree of trauma from that, and it makes it a very different kind of case from an elected official's point of view."

In denying Van Houten parole last year, Los Angeles Superior Court Judge William Ryan found that she would "pose an unreasonable risk of danger to society," citing the brutal nature of the crimes.

During one of her parole hearings, Van Houten said the killings were the start of what Manson believed was a coming race war that he dubbed "Helter Skelter," after a Beatles song, and that he had the group prepare to fight and learn to can food so they could go underground and live in a hole in the desert.

Van Houten said she was traveling up and down the California coast when acquaintances led her to Manson. She candidly described how she joined several other members of the group in killing the LaBiancas, carving up Leno LaBianca's body and smearing the couple's blood on the walls.

Manson died of natural causes in 2017 at a California hospital while serving a life sentence.

___

Follow Amanda Lee Myers on Twitter at https://twitter.com/AmandaLeeAP

Source: Fox News National

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SC man who gained viral attention buying $540 in Girl Scout cookies is arrested on drug charges

He was the mystery man who gained viral notoriety for buying $540 worth of Girl Scout cookies so the girls wouldn't have to stand out in the cold. And now, garnering attention of an entirely different sort, he was arrested on drug charges on Tuesday at his home in Greenville, South Carolina.

The man, identified as Detric Lee McGowan, 46, appeared in federal court; he faces drug and conspiracy charges relating to manufacturing heroin and fentanyl pills.

Drug Enforcement Administration (DEA) agents were investigating McGowan for six months and planned on arresting him Tuesday, long before the photo of him smiling next to two Girl Scouts went viral.

“It was all a coincidence,” a DEA source told Fox News.

McGowan “used his story of buying $540 of Girl Scout cookies to falsely shine the spotlight on himself under the pretense of being a pillar of the community; in reality, he is a pariah to the community,” said Robert J. Murphy, the special agent in charge of the DEA's Atlanta field division. “His criminal conduct provided no positive benefit to the Greenville community, but only caused immeasurable and untold pain to the scores of families who are dealing with opioid addiction.

"Now that this defendant is behind bars, the Greenville community can celebrate the true heroes (the dedicated men/women in law enforcement) who work tirelessly to ensure their community is a safe place to raise families.”

The viral Facebook post, shared over 9,000 times, said McGowan initially purchased seven boxes of cookies from the girls, who'd set up a stand outside a store in Greenville.

FRIENDS SEEK TO CLEAR HOUSTON COUPLE KILLED IN DRUG RAID

He gave them $40 and told them to keep the change. Then later, he came back and spent $500 more to purchase every cookie box the girls were selling.

“Pack up all of your cookies. I’m taking them all so y’all can get out of this cold,” McGowan told the girls, according to the Facebook post.

McGowan never gave his name to the Girl Scouts, but the DEA knew him.

CLICK HERE TO GET THE FOX NEWS APP

The drug suspect has a history of prior drug dealing charges. He’s been arrested six times before and has served time in federal prison.

Most recently McGowan served two and a half years for cocaine possession with intent to distribute.

Fox News' Brian Llenas contributed to this report.

Source: Fox News National

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4 toddlers found in squalid Dallas apartment, father arrested: report

Four young boys were found Saturday inside a squalid Dallas apartment and their father was arrested, a report said.

Police were reportedly alerted after a neighbor said she spotted an unaccompanied 3-year-old wearing a t-shirt and one shoe in 40-degree weather.

Robert Preston, who was identified in The Dallas Morning News as the boys' father, was arrested on an unrelated active parole-violation warrant. He reportedly told police that he needed to check on the other children as he entered the squad car.

The officers searched Preston’s apartment and found three other boys: a 2-year-old, a 5-year-old, and the 3-year-old’s twin brother, the report said. The apartment “reeked of feces” and had no furniture, the paper reported, citing the affidavit. 

SOUTH CAROLINA MOM, BOYFRIEND ALLEGEDLY TORTURED KIDS, 5 AND 7, WITH HOT SAUCE AND PEPPERS

The officers reportedly said the kitchen sink "smelled like a dead animal." One of the boys reportedly used a crusty SunnyD bottle as a cup. The boys, who did not know their own names referred to each other as Robert, the report said. The officers found a malnourished puppy in a closet covered in feces and it appeared that the kids were unaware it was there, the report said, citing the affidavit.

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The boys were put in the care of Child Protective Services and the puppy was seized by animal control, the report said. Preston was in custody at the Dallas County jail as of Thursday. His bail was set at $80,000 and he faces four counts of child endangerment.

Source: Fox News National

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Venezuelans take the streets as power-struggle intensifies

Rival political factions are taking to the streets across Venezuela in a mounting struggle for control of the crisis-wracked nation.

Small groups of backers of opposition leader Juan Guaidó carrying Venezuelan flags and holding signs demanding liberty are gathering at concentration points Saturday to protest repeated power outages.

Guaidó is trying to oust President Nicolás Maduro, whose backers shared coffee as they gathered around a stage blasting music ahead of a march to the presidential palace.

It will be the first march Guaidó has led since Maduro loyalists stripped the opposition leader of legal protections he's granted as a lawmaker, opening a path to prosecute and possibly arrest him for allegedly violating the constitution.

Source: Fox News World

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Exclusive: UniCredit to pay over $1 billion to settle U.S. sanctions probes – source

FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena
FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini/File Photo

April 15, 2019

By Karen Freifeld

(Reuters) – UniCredit, Italy’s biggest lender, will pay over $1 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, a person familiar with the matter said on Monday.

The settlement will be with the U.S. Department of Justice, the U.S. Treasury Department, the Federal Reserve, the Manhattan District Attorney and the New York Department of Financial Services.

(Reporting by Karen Freifeld)

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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