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EU trade surplus with U.S. expands, deficit with China grows

Aerial view of containers at a loading terminal in the port of Hamburg
FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer

March 18, 2019

BRUSSELS (Reuters) – The European Union’s trade surplus with the United States and its deficit with China both increased in January, serving as potential fuel for trade conflicts between the world’s largest economies.

The EU surplus in goods trade with the United States expanded to 11.5 billion euros ($13.0 billion) in January, from 10.1 billion in January 2018, EU statistics office Eurostat said.

With China, the EU deficit also increased to 21.4 billion euros, from 20.8 billion euros a year earlier.

U.S. President Donald Trump has complained repeatedly about Europe’s trade surplus with his country, imposing tariffs to curb imports of EU steel and aluminum and threatening to do the same for the much larger trade in cars and car parts.

China’s trade surplus with the European Union is also a source of tension between the two, with the bloc taking a firmer line toward Beijing, for example setting out a 10-point plan to balance economic ties and pushing China to open up

As a whole, the EU trade deficit in goods was 24.9 billion euros in January from 21.4 billion euros in January 2018. For the euro zone, its trade surplus dropped to 1.5 billion euros from 3.1 billion euros.

On a seasonally adjusted basis, the euro zone’s overall surplus rose slightly on the month and the EU’s trade deficit dipped in January compared with December 2018.

(Reporting by Philip Blenkinsop; editing by Francesco Guarascio)

Source: OANN

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Three Hate Crimes In One Day Against Trump Supporters Ignored By MSM

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Source: InfoWars

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U.S. adds another Chinese e-commerce site to ‘notorious’ IP blacklist

Colin Huang, founder and CEO of the online group discounter Pinduoduo, speaks during the company's stock trading debut at the Nasdaq Stock Market in New York, during an event in Shanghai
FILE PHOTO: Colin Huang, founder and CEO of the online group discounter Pinduoduo, speaks during the company's stock trading debut at the Nasdaq Stock Market in New York, during an event in Shanghai, China July 26, 2018. Picture taken July 26, 2018. Yin Liqin/CNS via REUTERS

April 25, 2019

(Reuters) – The United States on Thursday added China’s third-largest e-commerce platform to its list of “notorious markets” for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.

The U.S. Trade Representative’s Office placed Pinduoduo.com, which USTR described as third largest by number of users, on its blacklist of commercial marketplaces that fail to curb the sale of counterfeit products. It also kept Alibaba Group’s taobao.com, China’s largest e-commerce platform, on the list.

USTR’s annual review of trading partners’ protection of intellectual properties rights and so-called “notorious markets” comes as the United States and China are embroiled in negotiations to end a tit-for-tat tariff battle that has roiled supply chains and cost both countries billions of dollars. The two countries are due to resume talks in Beijing next week.

China’s inclusion on the list “reflects the urgent need to remediate a range of intellectual property-related concerns,” a USTR official told reporters on a call to discuss the report.

He noted longstanding concerns that have been voiced by the Trump administration in the trade talks, including “coercive” technology transfer requirements, widespread copyright infringement and “rampant” piracy and counterfeiting.

The official declined to discuss how the talks with China were going, but said that additional actions using Section 301 of the Trade Act of 1974 were possible. The United States has levied tariffs on $250 billion worth of Chinese goods under the act.

Of Pinduoduo.com, USTR said in the report: “Many of (the site’s) price-conscious shoppers are reportedly aware of the proliferation of counterfeit products on pinduoduo.com but are nevertheless attracted to the low-priced goods on the platform.”

While Alibaba has taken steps to address counterfeit products offered and sold on the Taobao marketplace, companies continue to see widespread infringement, USTR said.

ADDITIONAL ENGAGEMENT

A total of 36 countries were on this year’s overall watch list of trade partners warranting additional bilateral engagement over these issues, including Russia and India.

In addition, USTR raised Saudi Arabia to include it among 11 countries on the priority list. The bump-up in Saudi Arabia’s status as a concern was in part due to an illicit service for pirated content called BeoutQ, the report said.

Despite “extensive engagement” in Saudi Arabia by both U.S. government and private stakeholders, treatment of intellectual property rights “continued to deteriorate,” USTR said.

Canada was removed as a priority because of commitments made in the U.S.-Canada-Mexico trade pact agreed in 2018. It remained on the overall watch list, however.

Tajikistan was removed from the list due to “concrete steps” to improve its intellectual property regime, the agency said.

(Reporting by Chris Prentice in New York and David Lawder in Washington; Editing by Chizu Nomiyama and Sonya Hepinstall)

Source: OANN

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Wisconsin high school cheerleaders received awards for biggest breasts, butt at banquet

A Wisconsin high school has reportedly come under fire for a cheerleading award ceremony last year that saw some of the teens win awards such as the “Big Boobie” and “Big Booty” awards.

Appalled parents contacted the American Civil Liberties Union and on Tuesday the group sent a warning to the Kenosha Unified School District that it might file a lawsuit over Tremper High School’s mock awards ceremony, The New York Times reported.

EX-NFL CHEERLEADER DETAILS EXTREME WEIGHT LOSS METHODS TEAMMATES WOULD ADOPT

The ACLU accused the cheerleading coaches at the school of making inappropriate comments toward the students and claimed the district was “enabling sexual harassment,” The New York Times reported. The group called on the district to take appropriate action against the coaches.

Tremper High School cheerleading coaches gave out awards to a girl for her supposedly “enormous boobs” and also a “Big Booty” award to another because “everybody loves her butt.” A freshman cheerleader also received the “String Bean” award because she was “so light and skinny.”

Parents who were at the event told The New York Times they were uncomfortable with the content.

“I looked around and thought, ‘Did that just happen?’ If my daughter would have won one of those awards, I would’ve absolutely been rushing the stage. It was just so wrong, in so many ways,” one mother told the newspaper.

Tremper High School Principal Steve Knecht was reportedly contacted about the awards by several other coaches and addressed the issue with cheerleading coach Patti Uttech. The cheerleading coach told Knecht that the awards were first given out in 2017 and that the senior class had originally picked them out because of the things cheerleaders are required to do every day.

“They are always getting butts in their faces and other body parts,” Uttech told school administrators, according to The New York Times.

Uttech was asked to resign in May 2018 and told if she wanted to still be a part of the team it should be in a behind-the-scenes capacity, the newspaper reported. Uttech apologized to the girls but refused to resign.

Tremper High School was told not to give out those kinds of awards at any future banquets.

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“In regards to the Tremper incident, a clear expectation has been set that awards of this nature are not acceptable and are not to be given at Tremper cheerleading banquets going forward,” a Kenosha Unified School District spokeswoman told FOX6 in a statement. “As for the investigation, we are not at liberty to share personnel matters.”

Source: Fox News National

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Florida great-grandma fends off 300-pound, burglar with a baseball bat: cops

Florida great-grandmother, armed with a baseball bat on Sunday taught a 300-pound burglary suspect, who police said tried to break into her car a valuable lesson: Don’t mess with grandma.

Clarese Gainey, 65, heard banging coming from outside her Gainesville home when police said she spotted 37-year-old Antonio Mosley attempting to break into her car, FOX35 Orlando reported. Mosley allegedly charged at her, but Gainey was reportedly prepared.

FLORIDA TEEN DISARMS, STABS GAS STATION CLERK WHO TRIED TO SEXUALLY ASSAULT HER AT KNIFEPOINT: POLICE

“I mean I popped him! I said 'Biya!' he said, 'Auuugh! You hit me!'” Gainey told the station.

Mosely then ran off in only his boxer shorts to a nearby mobile home, reports said. A gash was left on his head.

“He had nothing but his drawers on! No shoes, no shirt or nothing!” she told FOX35.

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A police K-9 unit tracked Mosley to the mobile home, where they said they found the 5-foot-6 burglary suspect wearing a pair of pants with cocaine in its pocket, Gainesville station WGFL-TV reported.

Mosely was held in the Alachua County Jail on $20,000 bond. He faces burglary and drug possession charges.

Source: Fox News National

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Chinese giant killer Li beats third seed Koepka at Match Play

PGA: WGC - Dell Technologies Match Play - First Round
Mar 27, 2019; Austin, TX, USA; HaoTong Li plays his shot from the sixth tee during the first round of the WGC - Dell Technologies Match Play golf tournament at Austin Country Club. Mandatory Credit: Stephen Spillman-USA TODAY Sports

March 29, 2019

(Reuters) – Chinese giant-killer Li Haotong felt “amazing” after beating Brooks Koepka 1-up to knock the American out of the WGC-Dell Technologies Match Play on Thursday.

Li closed out in style when his 50-yard pitch at the final hole struck the pin and settled a few inches away for a conceded birdie at Austin Country Club in Texas.

“A tough guy to beat,” Li said of three-times major champion Koepka, the third seed.

“It was incredible. I didn’t expect that.

“I was in some bad positions today, but I felt I stayed patient, did that very well.”

With a perfect 2-0-0 record, 36th seed Li only has to halve with English 60th seed Tom Lewis on Friday to win his group and advance to the round of 16.

Koepka, with one loss and one halve, will head home on Friday no matter the result of his final match of the round-robin phase against Swede Alex Noren (1-1-0).

Noren can still proceed to the round of 16, but the cards must fall his way.

Li suggested the match play format suited his mindset.

“There’s less pressure, actually, at some points,” he said.

“Especially when you have a bad hole, you always can play well on the next one and get something back, so you just have to hang in there and do your best.

“I feel nothing to lose … Lose a hole, play the next one.”

(Reporting by Andrew Both in Cary, North Carolina)

Source: OANN

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Greatest Scientific Fraud of All Time–Part XXI

Just a few days ago (February 19), I posted part XX of this series. The subject of that post was a new compilation of historical temperatures for Australia (going back to 1910), known as ACORN2, just out from the Australian Bureau of Meteorology.

Read Full Article »

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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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