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Exclusive: China’s Dalian port bans Australian coal imports, sets 2019 quota – source

FILE PHOTO: A reclaimer places coal in stockpiles at the coal port in Newcastle
FILE PHOTO: A reclaimer places coal in stockpiles at the coal port in Newcastle, Australia, June 6, 2012. REUTERS/Daniel Munoz/File Photo

February 21, 2019

BEIJING (Reuters) – Customs at China’s northern Dalian port has banned imports of Australian coal and will cap overall coal imports for 2019 through its harbours at 12 million tonnes, an official at Dalian Port Group told Reuters on Thursday.

The indefinite ban on imports from top supplier Australia, effective since the start of February, comes as major ports elsewhere in China prolong clearing times for Australian coal to at least 40 days.

Five harbours overseen by Dalian customs – Dalian, Bayuquan, Panjin, Dandong and Beiliang – will not allow Australian coal to clear through customs, said the official. Coal imports from Russia and Indonesia will not be affected.

The ports handled about 14 million tonnes of coal last year, half of which was from Australia, said Gu Meng, analyst at Orient Futures.

The Dalian official declined to be named due to the sensitivity of the matter. Dalian customs did not immediately respond to a request for comment.

(Reporting by Meng Meng, Muyu Xu and Dominique Patton; editing by Richard Pullin)

Source: OANN

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Google South East Asia and India VP to leave at end-April

A woman walks past the logo of Google during an event in New Delhi
A woman walks past the logo of Google during an event in New Delhi, India, August 28, 2018. Picture taken August 28, 2018. REUTERS/Adnan Abidi

April 2, 2019

(Reuters) – Alphabet Inc’s Google South East Asia and India Vice-President Rajan Anandan will leave the firm at the end of April, Google Asia Pacific President Scott Beaumont said on Tuesday.

Vikas Agnihotri, country director, sales, will replace Anandan in the interim for Google India, Beaumont added.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Foxconn says Wisconsin factory production to launch by 2020

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei
FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei, Taiwan, March 30, 2018. REUTERS/Tyrone Siu/File Photo

March 18, 2019

(Reuters) – Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year.

Foxconn said the next phases of factory construction will begin by this summer “and the facility will begin production in the 4th quarter of 2020.”

Foxconn initially planned to manufacture advanced large-screen displays for TVs and other consumer and professional products at the Wisconsin plant. It later said it would build smaller Generation 6 LCD screens instead.

The initial Gen6 facility will manufacture screens for education, medical and healthcare, entertainment and sports, security, and smart cities products, Foxconn said Monday.

In February, Foxconn reiterated it would still build a factory in Wisconsin after the company’s chairman spoke to U.S. President Donald Trump, following a Reuters report the Taiwanese company was reconsidering its plans.

Reuters reported in January that Foxconn was reconsidering making LCD panels at a planned $10 billion Wisconsin campus and instead intended to hire mostly engineers and researchers there.

Foxconn has stopped using the $10 billion figure in recent releases and has not responded to questions about how much it now plans to invest in Wisconsin.

The planned 20-million-square-foot campus marked the largest investment for a brand new location by a foreign-based company in U.S. history when it was announced at a White House ceremony in 2017. It was praised by Trump as proof of his ability to revive American manufacturing.

Heavily criticized in some quarters, the Foxconn project was championed by Wisconsin’s then governor, Scott Walker, a Republican who helped secure around $4 billion in tax breaks and other incentives before leaving office. Critics called the deal a corporate giveaway that would never result in the promised manufacturing jobs and said it posed serious environmental risks.

The Milwaukee Journal Sentinel reported Monday that much work on the Foxconn complex appeared to have halted over the last two months.

After the Reuters report in January, Foxconn, a major supplier to Apple Inc, issued a statement saying the global market environment had changed since the project was first announced and “necessitated the adjustment of plans for all projects, including Wisconsin.”

(Reporting by David Shepardson; Editing by Tom Brown)

Source: OANN

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Cathay Pacific halts union ban on pilot training

A Cathay Pacific Airways passenger plane flies, in Hong Kong
A Cathay Pacific Airways passenger plane flies, in Hong Kong, China August 15, 2017. Picture taken August 15, 2017. REUTERS/Tyrone Siu

March 27, 2019

By Jamie Freed

SINGAPORE (Reuters) – Cathay Pacific Airways Ltd on Wednesday said it would no longer allow its unionized pilots to refuse training roles despite a near four-year union ban in a move that a pilot said could raise workplace tensions.

Relations between Cathay and its 3,000-plus pilots have become strained as the airline seeks to cut costs as part of a three-year transformation plan designed to make it more competitive against Chinese and Middle Eastern rivals and low-cost carriers.

The union ban on pilot training has made it more difficult for the airline to promote pilots quickly when it has been expanding capacity and also when a global pilot shortage prompted some expat pilots to take other jobs.

A Cathay spokesman said the ban had been in place since 2015.

“The selection and appointment of training captains will be solely at the company’s discretion,” the Cathay spokesman said of the new policy on Wednesday. “This means, suitable pilots no longer have the right to refuse a training appointment.”

A Cathay pilot, speaking on condition of anonymity, told Reuters these roles attracted extra pay and some captains had quit the union to take them up during the ban. But the pilot also said the company’s action was not likely to be received well by the workforce.

The Cathay spokesman said the airline’s trainers had faced undeserved criticism during the ban for supporting the company’s training programs which enable more junior pilots to progress.

The Hong Kong Aircrew Officer Association (HKAOA) said on Wednesday evening that it could not comment immediately.

In January, the HKAOA members overhwelmingly voted down a contract proposal which offered at least a 1 percent pay rise and some housing guarantees even though it had been recommended by the union’s leadership.

The announcement to pilots on the ban was made shortly after Cathay agreed to buy low-cost carrier Hong Kong Express Airways Ltd from cash-strapped Chinese conglomerate HNA Group for HK$4.93 billion ($628 million), giving it a foothold in the fast-growing budget travel market.

(Reporting by Jamie Freed. Editing by Jane Merriman)

Source: OANN

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Sen. Birch Bayh, author of Title IX law, dies at age 91

Former U.S. Sen. Birch Bayh, who championed the federal law banning discrimination against women in college admissions and sports, has died. He was 91.

Bayh died early Thursday surrounded by his family at his home in Easton, Maryland, according to a statement released by his family. His son, Evan, followed him into politics and became Indiana’s governor and also a senator.

Birch Bayh, a liberal Democrat, had a back-slapping, humorous campaigning style that helped him win three narrow elections to the Senate starting in 1962 at a time when Republicans won Indiana in four of the five presidential elections. Bayh’s hold on the seat ended with a loss to Dan Quayle during the 1980 Ronald Reagan-led Republican landslide.

Bayh was the lead sponsor of the landmark 1972 law prohibiting gender discrimination in education — known as Title IX for its section in the Higher Education Act.

DEVOS TO ROLL BACK OBAMA-ERA TITLE IX REGULATIONS DEEMED UNFAIR TO THE 'ACCUSED' 

The law’s passage came at a time when women earned fewer than 10 percent of all medical and law degrees and fewer than 300,000 high school girls — one in 27 — played sports.

Bayh said the law was aimed at giving women a better shot at higher-paying jobs. He continued speaking in support of Title IX’s enforcement for years after leaving Congress.

“It was clear that the greatest danger or damage being done to women was the inequality of higher education,” Bayh said in a 2012 interview. “If you give a person an education, whether it’s a boy or girl, young woman or young man, they will have the tools necessary to make a life for families and themselves.”

Now, women make up more than half of those receiving bachelor’s and graduate degrees, and more than 3 million high school girls — one in two — play sports.

As the Title IX law reached its 40th anniversary, North Carolina State athletic director Debbie Yow called it one of the most important pieces of civil rights legislation in the country’s history.

“Had it not passed, the options and opportunities for women in this country and the world would be vastly different.” Yow said.

Bayh used his position as head of the Senate’s constitutional subcommittee to craft the 25th Amendment on presidential succession and the 26th Amendment setting the national voting age at 18.

EDUCATION DEPARTMENT UNVEILS NEW TITLE IX GUIDANCE FOR CAMPUS SEXUAL ASSAULT: HERE'S WHAT WOULD CHANGE 

The issue of presidential succession was fresh when Congress approved the amendment in 1967. The vice presidency had been vacant for more than a year after President John F. Kennedy’s assassination because there was no provision for filling the office between elections.

The amendment led to the presidency of Gerald Ford less than a decade later when Ford first succeeded Spiro Agnew as vice president and then took over the White House after President Richard Nixon’s resignation during the Watergate scandal.

Bayh’s push to lower the national voting age from 21 to 18 came amid protests over the Vietnam War and objections that Americans dying on battlefields were unable to vote in all states. The amendment won ratification from the states in 1971.

Bayh also was a leading sponsor of the Equal Rights Amendment, which would have barred discrimination on the basis of gender. It passed Congress but failed to win approval from two-thirds of the states by its 1982 deadline.

Bayh had begun preparing to make a run for the 1972 Democratic presidential nomination when his wife, Marvella, was diagnosed with breast cancer. He dropped that campaign but entered the 1976 presidential campaign, finishing second to Jimmy Carter in the opening Iowa caucuses but then faring poorly in later primaries.

Marvella Bayh gained attention by speaking and making television appearances around the country promoting cancer detection and encouraging research. But her cancer later returned, and she died in April 1979 at age 46 — shortly before her memoir recounting her health fight was published.

Bayh sought a fourth Senate term the following year — with 24-year-old son Evan as campaign manager — but lost to Quayle, then a two-term congressman.

Born Jan. 22, 1928, in Terre Haute, Ind., Birch Evans Bayh Jr. moved to his maternal grandparents’ farm at the nearby community of Shirkieville after his mother’s 1940 death and his father’s entry into World War II military service.

He graduated from Purdue University’s School of Agriculture after spending two years in the Army and met his future wife during a 1951 National Farm Bureau speaking contest in Chicago, which she won as an entrant from Oklahoma. They soon married and moved to the Shirkieville farm.

Bayh won his first election to the state Legislature in 1954; his son Evan was born the following year. Bayh rose quickly in politics, becoming the Indiana House speaker in 1959 at the age of 30. He earned a law degree from Indiana University, completing law school while serving in the Legislature.

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Bayh entered the 1962 Senate race, taking on three-term Republican Sen. Homer Capehart. Bayh boosted his name recognition — and correct pronunciation — around the state with a catchy campaign song opening with the lines “Hey look him over, he’s my kind of guy. His first name is Birch, his last name is Bayh.”

Bayh was 34 when elected to the Senate and soon became friends with the only senator younger than him — Massachusetts Sen. Edward Kennedy. Bayh and his wife were flying with Kennedy when their small plane crashed near Springfield, Mass., in June 1964. The pilot and a legislative aide were killed, but Bayh pulled Kennedy, who suffered a broken back and other serious injuries, from the wreckage.

After leaving the Senate, Bayh worked as a lawyer and lobbyist in Washington. He remarried in 1982, and he and wife Katherine Helpin had a son, Christopher, who is now a lawyer in Washington.

Bayh largely stayed in the background of Indiana politics as his older son, Evan, was elected to the first of his two terms as governor in 1988. The younger Bayh built a more moderate image than his father, ending his eight years as governor with a high approval rating and then winning his first of two elections to the Senate in 1998. He didn’t seek a third term in 2010, saying the Senate had become too partisan.

The elder Bayh seemed to revel in the change brought about from the Title IX law, describing it as the most important legal step for equality since the right of women to vote was guaranteed by the 19th Amendment in 1920.

“There was a soccer field I used to jog around,” he said. “One day, all of a sudden, I realized that half of the players were little girls and half of them were little boys. I realized then that that was, in part, because of Title IX.”

Source: Fox News Politics

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Iraq PM says country could take non-Iraqi IS detainees from Syria

FILE PHOTO: Iraq's Prime Minister Adel Abdul Mahdi speaks during the opening of Baghdad International Fair
FILE PHOTO: Iraq's Prime Minister Adel Abdul Mahdi speaks during the opening of Baghdad International Fair, Iraq November 10, 2018. REUTERS/Thaier al-Sudani /File Photo

February 26, 2019

BAGHDAD (Reuters) – Iraq could help transfer non-Iraqi Islamic State detainees held by the Syrian Democratic Forces (SDF) in Syria, Prime Minister Adel Abdul Mahdi said on Tuesday.

Iraq will either help repatriate those citizens to their home countries, or prosecute on its own those suspected of having committed crimes, he said at his weekly news conference.

“Some countries could ask Iraq to help to transfer some of her Daesh citizens to the other country, like France for example,” Abdul Mahdi said, using the Arabic acronym for Islamic State. “Iraq might help, would help, helped to transfer those people to their country. It is one battle and Iraq should fulfill its duties and obligations.”

“Fighters belonging to Daesh from other countries that their states, their countries refuse to receive – how should we deal with that?” he asked.

“Each case we should study the names, whether they participated in terrorist acts in Iraq. Then they could be judged by Iraqi tribunals.”

Earlier in the press conference, the prime minister specified that Iraq would not receive from Syria foreign fighters whose home countries refused to take back from Iraq.

The comments came one day after Iraqi President Barham Salih said that 13 Islamic State detainees who were transferred to Iraq last week from the Syrian Democratic Forces would be tried in Iraq. [nL5N20K52I]

Two Iraqi military sources told Reuters on Sunday that the U.S.-backed SDF handed over 14 French and six non-Iraqi Arab Islamic detainees last week. [nL5N20J11D]

The fate of foreign detainees in SDF custody has become more pressing in recent weeks as U.S.-backed fighters planned an assault to capture the last remnants of the group’s self-styled caliphate. [nL5N20L5KE]

The militant group still poses a threat in Iraq and some western officials believe that Islamic State’s leader, Abu Bakr al-Baghdadi, may still be hiding in the area.

“We will deal with the case because if we don’t, then they can use a 600 km (372.82 miles)border with Syria and infiltrate once again in Iraq. So it’s a case that really concerns us, worries us and we have to deal with it,” Abdul Mahdi said.

(Reporting by Ahmed Rasheed in Baghdad and Raya Jalabi in Erbil; Writing by Raya Jalabi; Editing by Richard Chang)

Source: OANN

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Ethos Foundation asks shareholders to vote down UBS executive pay proposal

FILE PHOTO: Logo of Swiss bank UBS is seen in Zurich
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland, October 25, 2018. REUTERS/Arnd Wiegmann/File Photo

April 12, 2019

ZURICH (Reuters) – Proxy adviser Ethos Foundation on Friday recommended UBS shareholders reject all of the Swiss bank’s executive and board pay proposals at its upcoming annual general meeting, including binding votes on 2018 bonuses and 2019 pay packages.

“Ethos considers the amount of 73.3 million Swiss francs ($73.18 million), proposed as the 2018 bonus of the 13 executive board members, to be inappropriate given the bank’s negative stock price performance in 2018,” it said in a statement.

On Tuesday, another proxy adviser, Glass Lewis, also said the bank’s shareholders should oppose its 2018 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Kirsten Donovan)

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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