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Tesla to shrink board to seven directors from 11

FILE PHOTO: A Tesla logo is seen in Los Angeles
FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo

April 19, 2019

(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.

Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will not be standing for re-election in the upcoming annual meetings of stockholders in 2019 and 2020, the company said https://www.sec.gov/Archives/edgar/data/1318605/000156459019012123/tsla-8k_20190418.htm in a regulatory filing.

The company said its directors reviewed the composition of the board “focusing on a phased streamlining of the size of the Board to allow it to operate more nimbly and efficiently.”

Tesla said the decision did not result from any disagreement between the company and the directors.

Of the four members who would exit the board, Buss and Gracias were part of Tesla’s disclosure controls committee, overseeing the implementation of the terms of the consent agreement between Tesla and the SEC.

Buss was also the chief financial officer of solar panel installer SolarCity for two years before retiring in 2016. Tesla bought SolarCity that year.

Gracias has been an independent director at Tesla since 2010. Last May, proxy adviser ISS recommended that investors vote against his election to the board and called him a non-independent director.

Jurvetson, the co-founder of Silicon Valley venture capital firm Draper Fisher Jurvetson, is said to be on a leave of absence from Tesla’s board since allegations of sexual harassment against him arose. Jurvetson has denied the allegations against him. (https://reut.rs/2mn57in)

The proposed changes in the board come a couple of weeks after Elon Musk’s position as the chief executive officer of Tesla was secured after a federal judge urged the billionaire to settle contempt allegations by the U.S. Securities and Exchange Commission over his use of Twitter.

Musk was sued by the SEC last year for tweeting that he had “funding secured” to take the company private. He settled the lawsuit, agreeing to step down as chairman and have the company’s lawyers pre-approve written communications with material information about the company.

But he was again accused of violating that settlement by sending a tweet about Tesla’s production that had not been vetted by the company’s attorneys.

On Thursday, a federal judge ruled that Musk and the SEC would get another week to settle a dispute over Musk’s use of Twitter.

(Reporting by Nivedita Balu in Bengaluru; editing by Diane Craft)

Source: OANN

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New migrant caravan sets out in Honduras

Several hundred Honduran migrants have set out in a caravan for that country's border with Guatemala, hoping to reach the United States.

The families, including many young children, gathered at the San Pedro Sula bus station. Parents say they can't support their families with what they can earn in Honduras and are seeking better opportunities.

Most boarded buses before dawn Wednesday that would carry them to towns on the Guatemalan border. Others walked through the rain, some pushing strollers while others carried sleeping children in their arms.

Nohemy Reyes waited at the bus station with one of her five children sleeping on floor beside her. She says her country's economic straits are driving her north.

U.S. President Donald Trump has threatened to close the U.S.-Mexico border.

Source: Fox News World

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Liberals Beg For Russia Collusion To Be True

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Source: InfoWars

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Tennis: Andy Murray ‘optimistic’ he can play this year, says mother Judy

FILE PHOTO: Tennis - Australian Open - First Round
FILE PHOTO: Tennis - Australian Open - First Round - Melbourne Arena, Melbourne, Australia, January 14, 2019. Britain's Andy Murray reacts during the match against Spain's Roberto Bautista Agut. REUTERS/Lucy Nicholson

April 25, 2019

(Reuters) – Andy Murray is “cautiously optimistic” he will be able to play tennis again this season after successfully undergoing hip surgery, his mother Judy has said.

The three-times Grand Slam champion said at this year’s Australian Open that constant pain in his hip had brought him to the verge of quitting tennis but revealed last month that he was pain free after the procedure in January.

Murray posted an Instagram video of himself on an outdoor court earlier this month, describing the footage of him hitting a tennis ball for the first time since the surgery as “a start”.

He followed that up with a video of himself playing a round of golf that reinforced the message that he was on the mend.

“It’s still early days so we will have to wait and see what happens. He is cautiously optimistic about getting back on the match court perhaps at some point over the summer,” Judy was quoted as saying by British media.

“He was told not to do impact work, which basically means running around the garden hitting a ball, for three months but he’s been hitting against a wall from a static position.”

Murray hoped to make his comeback at Wimbledon and said in March that he would consider playing doubles because it would put less stress on his hip.

The 31-year-old twice Wimbledon champion has compared his situation to that of American doubles player Bob Bryan, who returned to competitive tennis 5-1/2 months after undergoing a similar procedure.

(Reporting by Shrivathsa Sridhar in Bengaluru, Editing by Simon Jennings)

Source: OANN

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Fmr. Notre Dame Chief Architect: Ancient Oak Doesn’t Burn Like That

A former chief architect and general inspector of French historical monuments has cast doubts on the official narrative that the Notre Dame fire was likely an electrical short that set the iconic cathedral ablaze.

Benjamin Mouton, who served as Chief Architect of Historic Monuments in France and oversaw restoration work of Notre Dame until 2013, says that it is highly unlikely an electrical short circuit took place, and that it would take an extraordinary effort to ignite the ancient oak of the cathedral.

“So, you’re telling us that this type of timber doesn’t burn like that?” Mouton was asked by an LCI host.

“Oak that is 800-years-old is very hard – try to burn it,” Mouton said. “Old oak, it is not easy at all. You would need a lot of kindling to succeed… It stupefies me.”

Asked to present an explanation for how the blaze spread so quickly and with such strength, Mouton asserted that there were no additional precautions that could have been taken to ensure such a “quick” incineration could be prevented.

“In the Nineties, we updated all the electrical wiring of Notre Dame,” Mouton said. “So there is no possibility of a short circuit. We updated to conform with the contemporary norms, even going very far – all the detection and protection systems against fire in the cathedral.”

Mouton also revealed that there are two watchmen on duty around the clock who monitor for any chance of fire, adding that the technical and security measures taken to protect monuments like Notre Dame are unprecedented.

More than a billion euros have been pledged to restore Notre Dame, which President Emmanuel Macron claims will be executed within five years.



Alex Jones presents video of Fox host Lou Dobbs warning his viewers of a “political” cover-up of the cause of the Notre Dame cathedral fire.

Dan Lyman:

Source: InfoWars

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Center-right to top EU poll; far-right surges: survey

FILE PHOTO - Christian Democratic Union party congress in Hamburg
FILE PHOTO - New CDU leader Annegret Kramp-Karrenbauer talks with former CDU chief and German Chancellor Angela Merkel during the Christian Democratic Union (CDU) party congress in Hamburg, Germany, December 8, 2018. REUTERS/Fabian Bimmer

February 18, 2019

By Alastair Macdonald

BRUSSELS (Reuters) – The center-right is set to remain the biggest group in the EU legislature after elections in May that should also show a surge in seats for the far-right, a survey by the European Parliament showed on Monday.

The German Christian Democrat CDU/CSU alliance led by Chancellor Angela Merkel would remain the biggest single party with 29 seats, but only just ahead of Italy’s League, the far-right group now in government in Rome.

Its 27 seats are a mark of how the elections will reflect a strengthening of nationalist sentiment against established pro-EU movements across Europe.

While traditional parties are set to retain a dominance that would allow a continuation of the broad centrist majority coalition that has tended to support legislation from the EU executive, gains of about 40 percent for radicals on the right, to 14 percent of seats, may introduce more policy uncertainty.

The European People’s Party (EPP), to which Merkel belongs, would take 183 of the 705 seats, or 26 percent, in the new chamber. That is down from 29 percent at present, according to the compilation of national polling data from the 27 member states. It was published by the assembly’s staff on Monday.

That would outstrip the 135 seats for the center-left Socialists and Democrats, whose share would drop six points to 19 percent, partly due to the loss of British seats after Brexit as the parliament slims down from a total of 751 seats.

Britain’s ruling Conservative party does not sit with the EPP. Their departure would hit the European Conservatives and Reformists, dropping that group from third place to fifth — although parliamentary officials also expect the voting to usher in a major reshuffle of alliances on the floor, making it difficult to forecast group alignments in the new chamber.

FAR-RIGHT GAINS

The two far-right eurosceptic groups among the eight in the current parliament would see their share rise to 14 percent from 10 percent, despite the loss of Brexit campaigners the UK Independence Party. That reflects gains for Italy’s League, adding 21 seats, Germany’s AfD, gaining 11, and Marine Le Pen’s French National Rally, which would add six seats if polls hold.

However, realignments of existing groups are likely after voting ends on May 26 and before the new parliament sits on July 2 as national parties seek allies that fit their policies and can leverage their strength with funding and committee posts.

Italy’s 5-Star movement, in government with the League, sits now with UKIP but has looked at joining groups further left in the chamber. The polls suggest it could gain eight seats to 22 in May, but those may not, in fact, bolster the far-right.

There are also question marks over the alignment of some 24 seats for Poland’s ruling Law and Justice party, often hostile to Brussels, as its ECR allies the British Conservatives depart.

Also unclear are the 18 French seats which polls suggest President Emmanuel Macron’s En Marche movement may win.

Adding them to the centrist ALDE, home to some Macron allies and which shares Macron’s strongly pro-EU line, would give ALDE 93 seats, making it easily the third biggest bloc. But Macron has been wary of confirming which alliances he will make as he looks to use the May elections to resist eurosceptic forces.

One consequence of uncertainty over the make-up of the new parliament — which might also be upset by a delay to Brexit — could be delay in forming the new executive.

National leaders should nominate a successor to European Commission President Jean-Claude Juncker in late June. Lawmakers should then confirm the nominee in July so that a new Commission of nominees from all 27 member states is in place on Nov. 1.

Given the summer break, that is a fairly tight timetable. A demand by Parliament that leaders nominate a lead candidate from one of the winning parties could also cause more wrangling. Juncker and his team would stay on if there were such a delay.

(Editing by Ed Osmond)

Source: OANN

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Florida officer goes on trial for killing black motorist

For the first time in 26 years, a Florida police officer is standing trial for an on-duty killing — and one of his defenses will be the state's controversial "stand your ground" law.

The trial of fired Palm Beach Gardens officer Nouman Raja begins with jury selection Thursday. He is charged with manslaughter and attempted first-degree murder for the 2015 shooting of Corey Jones. Jones, a 31-year-old black musician, had just gotten out of his broken-down SUV when he was confronted by Raja, who was dressed in plainclothes and driving an unmarked white van. The shooting happened amid several highly publicized killings of black men by police officers nationwide, some leading to prosecutions. Raja, 41, could face a life sentence if convicted.

Prosecutors say an audio recording shows Raja never identified himself. They say that caused Jones, who had a concealed-weapons permit, to pull a handgun because he feared he was being robbed. They say Raja kept firing after he saw Jones throw away his gun, and lied to investigators about it.

"Absolutely nothing about him (Raja) provided any indication that he represented a law enforcement agency," prosecutor Brian Fernandes wrote in court documents, calling Raja a "rogue officer."

Raja's attorneys argue he identified himself and feared for his life when Jones pulled his gun. They argued that Raja should be protected under the stand your ground law, which says anyone with a legitimate fear of imminent danger can use lethal force. The law also says it is up to prosecutors to prove the person's fear was lacking or unreasonable. One exception is that the person cannot be the initial aggressor.

"Officer Raja was definitely not an aggressor," lead defense attorney Richard Lubin wrote in court filings. "The inescapable fact is that Mr. Jones pointed his gun at Officer Raja."

Raja's attorneys have requested Judge Joseph Marx move the trial. They say the coverage by local news outlets has included prejudicial material, including a grand jury's finding that the shooting was unjustified; that investigators concluded Raja lied; and that the case's previous judge rejected his initial stand your ground claim.

Marx says he will consider the request if the six-person jury cannot be seated. In Florida criminal case, only first-degree-murder trials get 12 jurors.

The last Florida officer tried for an on-duty killing was Miami's William Lozano in 1989. The Hispanic officer fatally shot a black motorcyclist who he said tried to hit him. A passenger died when the motorcycle crashed. The deaths resulted in three days of rioting.

Lozano was convicted of two manslaughter counts in a Miami trial, but an appeals court dismissed the verdict, saying the case should have been moved because of racial tensions. Lozano was acquitted at a 1993 retrial in Orlando.

Jones, who also worked as a housing inspector, was returning home from a nightclub performance early on the morning of Oct. 18, 2015, when his SUV broke down on an off-ramp of Interstate 95. His drums, valued at $10,000, were in back. Jones, the brother of former National Football League player C.J. Jones, had just purchased a .38-caliber handgun for protection.

Raja spotted Jones' SUV about 3:15 a.m. He was wearing jeans, a T-shirt and a baseball cap because he was investigating auto burglaries. His sergeant testified at a hearing that he told Raja to don a vest marked "police" if he confronted anyone, but the vest was found inside the unmarked van.

Raja drove up the off-ramp, blocking Jones' SUV. He told Palm Beach County sheriff's investigators that when Jones got out, he identified himself, but then fired because Jones pulled a gun. He said Jones ran down an embankment and pointed the gun again, so he fired more shots. Jones died at the scene.

Investigators have said that Raja didn't know Jones was speaking to a tow truck dispatcher on a recorded line. Raja is never heard identifying himself.

Jones is heard first, saying, "Huh?" just before Raja yells, "You good?" Jones says he is. Raja twice replies, "Really?" with Jones replying "Yeah."

Suddenly, Raja shouts at Jones to raise his hands, using an expletive. Jones replies "Hold on!" and Raja repeats his demand. Prosecutors believe it was then that Jones pulled his gun. Raja fired three shots. Ten seconds later, Raja fired three more shots.

Prosecutors say Raja saw Jones throw down his gun but kept firing, which is why he is charged with attempted murder. Investigators were unable to determine when the fatal shot was fired, but it struck Jones in the back.

Raja then used his personal cellphone to call 911 with the operator picking up 33 seconds after the last shot. Raja is recorded yelling orders to drop the gun; prosecutors say he was trying to mislead investigators into believing he hadn't seen the gun thrown. Jones' body was found 200 feet (60 meters) from the SUV and 125 feet (38 meters) from his unfired gun.

Palm Beach Gardens fired Raja, who was in his employee probation period after transferring there months earlier from a neighboring city. He was charged in 2016 and has been under house arrest.

The trial is expected to last three weeks.

Source: Fox News National

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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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