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China orders banks to boost financial support to small firms

A 100 Yuan note is seen in this illustration picture in Beijing
A 100 Yuan note is seen in this illustration picture in Beijing March 7, 2011. REUTERS/David Gray/File Photo

March 13, 2019

BEIJING (Reuters) – China’s banking and insurance regulator on Wednesday urged banks to continue increasing lending to smaller firms and further cut their financing costs, as policymakers work to avert an economic slowdown.

Banks should work hard to achieve targets on increasing loans for small companies and keep the lending rates on a reasonable level, the China Banking and Insurance Regulatory Commission (CBIRC) said in a statement on its website.

Big state-owned commercial banks should increase outstanding loans to smaller companies by more than 30 percent in 2019, the CBIRC said, adding that it would also increase its tolerance for non-performing loans at small companies.

The regulator reiterated its demands for state-owned banks to target faster growth in loans to small businesses as economic growth slowed to its weakest in nearly three decades in 2018.

Chinese banks have been wary of lending to smaller firms with higher credit risks, preferring state-backed customers. But authorities have been urging lenders to help keep cash-strapped private firms afloat, sparking concerns that looser lending standards will expose banks to more bad loans.

China’s central bank chief said on Sunday that lending rates for small firms were still relatively elevated due to high risk premiums and that the country will push ahead with interest rate reforms to resolve the issue.

Commercial banks are also encouraged to issue special financial bonds, and ensure that proceeds raised are used for loans to small and micro firms.

The regulator also said it would support insurers to provide credit-boosting support for smaller firms if the risks are manageable.

Insurance companies are encouraged to invest in financial products including securitisation products backed by loans to smaller firms to ensure more flexible support for those companies.

(Reporting by Lusha Zhang and Se Young Lee; Editing by Jacqueline Wong)

Source: OANN

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Mexican top cop: security is deficient throughout country

Mexico's top security official says that "security is deficient in almost the whole country," after a large group of migrants went missing in northern Mexico.

Public Safety Secretary Alfonso Durazo says the number of men pulled off a bus last week in the border state of Tamaulipas has been reported as anywhere between 19 and 25.

Durazo said Tuesday the conflicting reports came from investigators and the bus driver.

The driver said hooded men pointed guns at the bus and later climbed aboard with a list of names of those they abducted. All were apparently migrants and may have contracted human traffickers to be smuggled into the United States, but they weren't part of a caravan.

Durazo said Mexico simply doesn't have enough police to cover the whole country.

Source: Fox News World

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Many Claimed Countless Times Over The Last 2 Years That ‘Mueller Is Closing In’ — Then He Filed His Report

After news broke Friday that the Mueller report was finished and no more indictments were forthcoming, the walls “closed in” around an ominous phrase that many political and media figures used frequently over the past two years.

Presumably hoping that his two-year inquiry would lead to the president’s impeachment and removal from office, many verified Twitter accounts had described special counsel Robert Mueller as “closing in” around President Donald Trump at various times throughout the investigation, according to a popular meme circulating online and confirmed by The Daily Caller.

FILE PHOTO: Robert Mueller, as FBI director, listens during a U.S. Senate Judiciary Committee oversight hearing about the Federal Bureau of Investigation on Capitol Hill in Washington, June 19, 2013. REUTERS/Larry Downing/File Photo

FILE PHOTO: Robert Mueller, as FBI director, listens during a U.S. Senate Judiciary Committee oversight hearing about the Federal Bureau of Investigation on Capitol Hill in Washington, June 19, 2013. REUTERS/Larry Downing/File Photo

One of the earliest uses of the phrase seems to be from a tweet by Foreign Policy magazine that touted a column by Max Boot, a Washington Post columnist and senior fellow with the Council on Foreign Relations. “Trump should be scared,” the tweet warned. “Robert Mueller is closing in on him.”

Written June 2017, a month after the special counsel’s appointment, Boot’s piece claimed that Trump was terrified in light of Mueller’s character—”universally respected for his integrity and doggedness”—and the tenacious competence of his “hunter-killer team of crack investigators and lawyers.” He asserted that “what worries Trump is not that Mueller may be a Democratic partisan […] but that the Marine combat veteran cannot be bought off or intimidated.”

Boot teamed up later that year with Max Bergman, a senior fellow at the Center for American Progress, to write a December 2017 column for The Guardian about how much further Mueller had “closed in.” “Mueller is coming,” they predicted in the wake of the indictments of Paul Manafort, Rick Gates, George Papadopoulos and Michael Flynn. (RELATED: Michael Flynn Charged With Making False Statement To The FBI)

Claiming that Mueller’s indictments were moving closer and closer into the president’s inner circle, Bergman and Boot argued that an indictment of Trump was inevitable, for which reason Congress was duty-bound to pass legislation preventing the investigation from being shut down.

Over the years, the “closing in” analogy seemingly became a mantra among those who anxiously awaited Mueller to issue the death knell of the Trump presidency.

Former Trump personal attorney Michael Cohen departs after he testified behind closed doors before the Senate Intelligence Committee on Capitol Hill in Washington, U.S., February 26, 2019. REUTERS/Kevin Lamarque

Former Trump personal attorney Michael Cohen departs after he testified behind closed doors before the Senate Intelligence Committee on Capitol Hill in Washington, U.S., February 26, 2019. REUTERS/Kevin Lamarque

Former Democratic California Gov. Jerry Brown went after Trump and then-Attorney General Jeff Sessions on March 7, 2018, after the Department of Justice sued the state of California for failing to enforce federal immigration law. Brown dismissed the lawsuit as a “political stunt” enacted by an attorney general who could not be normal because Mueller was “closing in” and about to issue more indictments. (RELATED: California Gov. Channels Trump In Response To DOJ Lawsuit)

Outspoken liberal Hollywood director Rob Reiner, who became famous in the 1970s playing progressive layabout Michael “Meathead” Stivic on “All in the Family,” claimed on May 10, 2018, that Vice President Mike Pence’s call for an end to the Mueller investigation was an indication that “the special counsel is closing in on guilt” and that Trump “doesn’t know whether to shit or wind his watch.”

Former CIA Director John O. Brennan said Dec. 7, 2018, on “Morning Joe” that “Mr. Trump is seeing more and more of the walls closing in on him, which is why he’s becoming increasingly desperate.” (FLASHBACK: John Brennan Predicted Additional Mueller Indictments Just Two Weeks Ago)

Politico quoted multimedia journalist Chris Whipple in December 2018 as saying, “This White House is headed into a world of trouble — a Democratic Congress, Mueller closing in, and anybody who comes into this White House has to be thinking about lawyering up.”

The Democratic Party’s National Lawyers Council chair Andrew Weinstein scolded Trump for the impending government shutdown on Dec. 20, tweeting, “The economy is slowing, the Dow is tanking, Mueller is closing in, North Korea still has nukes, Putin is getting his way in Syria, and yet Republicans in Congress are willing to shutdown the government over Trump’s stupid wall that Mexico was supposed to pay for. What a disgrace.”

On the same day, executive producer of “The Ellen DeGeneres Show,” Andy Lassner, tweeted, “Trump knows Mueller is closing in fast. So now, he’s gonna bring down the whole fucking thing with him. Brace yourselves.”

When BuzzFeed reported on Jan. 17, 2019 that Trump’s lawyer Michael Cohen told investigators that the president had instructed him to lie to Congress, former CBS news anchor Dan Rather tweeted that the bombshell, if true, was “a political earthquake” and concluded that “the walls do appear to be closing in” around Trump. Mueller’s office personally denied BuzzFeed’s story the next day, in a rare public statement. (RELATED: Mueller’s Office Disputes BuzzFeed’s Report)

Since Mueller delivered his report to Attorney General William Barr with no further indictments, many pundits have been comparatively muted as the walls have seemingly stopped closing in for now. As Reuters tweeted Friday, “Robert Mueller is closing up shop …”

Max Boot reminded his Twitter followers Saturday that “Trump is doing great damage even when he is not violating the law.”

“I figured I would go on Twitter to suggest we all give social media a break until we actually have something to read and talk about,” Dan Rather reflected Saturday afternoon. “Maybe take a walk? Call an old friend? Read a book? Check out college basketball…”

Source: The Daily Caller

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Google rival wants more details about Google’s Android proposal

FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich
FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann

March 22, 2019

By Foo Yun Chee

BRUSSELS (Reuters) – Czech search engine Seznam urged Google on Friday to disclose more details about its plan to boost rival search apps in Android smartphones, saying it continued to lose users due to what it said were Google’s anti-competitive practices.

Seznam, which attracts as much advertising spend as Google in the Czech Republic, took its grievance to the European Commission nearly three years ago.

It subsequently joined lobbying group FairSearch whose complaint triggered the European Commission’s investigation into Google’s mobile operating system Android which ultimately led to a record 4.34 billion euro ($4.9 billion) fine.

“Time is running out, every day makes a difference. Seznam is losing market share because of Google’s search engine installed by default on mobiles,” said Michal Feix, Seznam’s former chief executive and now a partner at a consultancy advising the company.

EU antitrust enforcers said Google, a unit of Alphabet Inc., had used its Android market power to hinder rivals.

Google’ senior vice-president of global affairs, Kent Walker, said in a blog this week that his company planned to prompt users to choose their preferred browsers and search apps, but he did not provide details.

Feix welcomed that idea in principle. “It is probably the solution we are looking at but it depends on the details. Walker’s blog lacked details,” he said.

Google spokesman Al Verney declined to comment.

(Reporting by Foo Yun Chee; Editing by Edmund Blair)

Source: OANN

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Euronext extends period for Oslo Bors offer, terms unchanged

The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie
FILE PHOTO: The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie, near Paris, France, May 14, 2018. REUTERS/Charles Platiau

March 11, 2019

PARIS (Reuters) – Pan-European stock market operator Euronext on Monday extended its offer for Oslo Bors, while keeping the terms unchanged, as its battle with Nasdaq for the control of Norway’s stock market operator escalates.

Euronext extended its offer, which had been due to expire on March 11, until April 1 at 6 pm, Central European time. It added that the terms of its offer of 158 Norwegian crowns per Oslo Bors share were unchanged.

New York-based stock market operator Nasdaq had matched Euronext’s price last week. The offers value Oslo Bors at around 6.8 billion Norwegian crowns ($782.9 million).

Oslo Bors, one of the last independent stock market operator, is in the middle of a takeover battle since late December, when Euronext made the first move.

(Reporting by Sudip Kar-Gupta; Editing by Inti Landauro)

Source: OANN

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Myanmar court rejects appeal of jailed Reuters reporters

Myanmar's Supreme Court has rejected the final appeal of two Reuters journalists and upheld seven-year prison sentences for their reporting on the military's brutal crackdown on Rohingya Muslims.

Wa Lone and Kyaw Soe Oo earlier this month shared with their colleagues the Pulitzer Prize for international reporting, one of journalism's highest honors.

The court did not given a reason for its decision Tuesday.

The reporters were arrested in December 2017 and sentenced last September after being accused of illegally possessing official documents, a violation of a colonial-era law.

They denied the allegation and contended they were framed by police. International rights groups, media freedom organizations, U.N experts and several governments have condemned their conviction as an injustice and an attack on freedom of the press.

Source: Fox News World

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Why Trump Keeps Winning on Illegal Immigration Issue

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President Donald Trump's proposal for sending illegal immigrants to sanctuary cities is supported by 46% of voters nationwide, according to a ScottRasmussen.com national survey. Fifty-four percent are opposed.

Despite this tepid support, raising the issue is likely to benefit the president's reelection prospects. That's partly because it's an issue that fires up his base supporters; 75% of Republicans like the plan, and they are following the story more intensely than Democrats are.

Additionally, Republicans view the issue of illegal immigration as far more significant than their opponents do. In fact, 41% of GOP voters consider it America's top national security threat. Only 3% of Democrats agree.

But the biggest benefit of raising the issue comes from the president's masterful ability to provoke his opponents into saying things that help his cause. This time, it was pop singer Cher, who complained that her city and state can't afford to handle so many undocumented immigrants, so "How Can it Take Care Of More"? Then, in a follow-up comment, the singer made it clear she also opposed turning over the immigrants to customs officials.

That's precisely the imagery the president wants. Every time he suggests something -- anything -- to address illegal immigration, his opponents say it can't or shouldn't be done. This time, it was Cher. Earlier in the year, it was House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer standing firm against a border wall.

The unrelenting opposition to any solutions makes the president look like the only political leader who wants to address the problem. That's a great place to be in a nation where 79% of voters believe that illegal immigration is bad for America. That total includes 89% of Republicans, 82% of Independents and even 69% of Democratic voters. Eighty-six percent of white voters believe illegal immigration is bad for America. So do 70% of black voters and 55% of Hispanic voters.

As if that wasn't enough, 57% of all voters believe border security should be the top priority for any immigration reform. Just 29% take the opposite view and think granting legal status to those already here is more important.

With numbers like those, you would think the president's opponents could come up with something to address the problem. There are plenty of ideas with strong popular support: 84% want to deport illegal immigrants with criminal records, 69% of voters favor increasing the number of Border Patrol agents, 65% support strict punishments for companies that knowingly hire illegal immigrants, 63% believe the U.S. military should defend the southern border, and 53% believe landlords who knowingly rent apartments to illegal immigrants should face strict punishments.

Or, moving in another direction, most voters support changing U.S. immigration laws to grant preference to potential immigrants with skills that could benefit the U.S. economy.

Both the Democratic Party and the nation at large could benefit from a serious debate about the best way to address the problem of illegal immigration. Unfortunately, President Trump is the only political leader who seems willing to even acknowledge there is a problem.

COPYRIGHT 2019 CREATORS.COM

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Joe Biden’s brain surgeon said his former patient is “totally in the clear” as speculation over the candidate’s health — with Biden possibly becoming the oldest president in U.S. history — is likely to become a campaign issue.

The former vice president, who had been perceived by many as the strongest potential contender for the Democratic Party’s 2020 presidential nomination, formally announced his candidacy Thursday.

But Biden’s age – 76 – is expected to become a source of attacks from a younger generation of Democrats not because of obvious generational differences, but possibly for actual health concerns if Biden gets into office.

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

Biden himself agreed last year that “it’s totally legitimate” for people to ask questions about his health if he decides to run for president, given his medical history — which has included brain surgery in 1988.

“I think they’re gonna judge me on my vitality,” Biden told “CBS This Morning.” “Can I still run up the steps of Air Force Two? Am I still in good shape? Am I – do I have all my faculties? Am I energetic? I think it’s totally legitimate people ask those questions.”

“I think they’re gonna judge me on my vitality. …  I think it’s totally legitimate [that] people ask those questions.”

— Joe Biden

But Dr. Neal Kassell, the neurosurgeon who operated on Biden for an aneurysm three decades ago, told the Washington Examiner that Biden appears to be “totally in the clear” — and even joked that the operation made Biden “better than how he was.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it,” Kassell said. “That’s more than I can say about all the other candidates or the incumbents.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it.”

— Dr. Neal Kassell

BIDEN’S CLAIM HE DIDN’T WANT OBAMA TO ENDORSE TRIGGERS MOCKERY

At the same time, however, Biden hasn’t been forthcoming about his health at least since 2008 when he released his medical records as a vice presidential candidate. The disclosure that time revealed some fairly minor issues such as an irregular heartbeat in addition to detailing previous operations, including removing a benign polyp during a colonoscopy in 1996, the outlet reported.

It remains unclear if Biden had more aneurysms. Some medical experts say that people who have had an aneurysm can have another one.

An aneurysm, or a weakening of an artery wall, can lead to a rupture and internal bleeding, potentially placing a patient’s life in jeopardy.

Biden won’t be the only Democrat grappling with old age. Sen. Bernie Sanders, another 2020 frontrunner, is currently 77 years old and agreed with Biden last year that their ages will be an issue in the race.

“It’s part of a discussion, but it has to be part of an overall view of what somebody is and what somebody has accomplished,” Sanders told Politico.

“Look, you’ve got people who are 50 years of age who are not well, right? You’ve got people who are 90 years of age who are going to work every day, doing excellent work. And obviously, age is a factor. But it depends on the overall health and wellbeing of the individual.”

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Sanders released his medical records in 2016, with a Senate physician saying in a letter that the senator was “in overall very good health.”

Source: Fox News Politics

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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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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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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