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Prince Charles and Camilla launch first royal visit to Cuba

Prince Charles and his wife Camilla are beginning the first official trip to Cuba by the British royal family in a pomp-filled display of disagreement with the Trump administration's strategy of economically isolating the communist island.

The heir to the British throne is expected to land in Havana around 5 p.m. Sunday and lay a wreath at the memorial to colonial independence hero Jose Marti, near massive portraits of socialist revolutionary icons including guerrilla fighter Che Guevara.

The next two days include visits to historic sites, a solar park, organic farm, biomedical research center, cultural gala and a dinner with President Miguel Diaz-Canel.

It does not include visits with political dissidents or other critics of Cuba's single-party system, a decision prompting criticism from Cuban exiles.

Source: Fox News World

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Michael Avenatti accused of embezzling almost $2M from girlfriend of NBA player

Embattled celebrity lawyer Michael Avenatti has been accused of embezzling almost $2 million after he struck a lucrative settlement for the former girlfriend of NBA player Hassan Whiteside.

Avenatti, as the attorney for Alexis Gardner, 27, negotiated a $3 million deal for the actress and barista, $2.75 million of which Miami Heat player Whiteside, 29, wired to a trust account set up by Avenatti in January 2017, according to bank records and an Apr. 10 indictment by a California-based grand jury.

Avenatti was entitled to $1 million in legal fees, but he did not tell Gardner about the payment and misrepresented the terms of her agreement with Whiteside, prosecutors allege in the indictment. Instead, he funneled $2.5 million into the bank account of a law firm owned by an associate so he could buy a share of a small private jet.

Avenatti told Gardner that Whiteside's first payment was for legal fees, but that she would be receive monthly installments over the next eight years. He made 11 transfers to Gardner, totaling $194,000, before the money ceased in June 2018.

Although Whiteside and Gardner confirmed the settlement in a statement, Avenatti pushed back on accusations he acted illegally or inappropriately.

Read more from the Washington Examiner.

Source: Fox News National

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Norsk Hydro’s production near normal after cyber attack

FILE PHOTO: A sign warning employees not to connect devices to the network in the wake of a cyber attack is seen at the headquarters of aluminum producer Norsk Hydro in Oslo
FILE PHOTO: A sign warning employees not to connect devices to the network in the wake of a cyber attack is seen at the headquarters of aluminum producer Norsk Hydro in Oslo, Norway March 19, 2019. REUTERS/Gwladys Fouche/File Photo

April 5, 2019

OSLO (Reuters) – Production at Norwegian aluminum maker Norsk Hydro was back to near normal after a cyber attack last month, the company said on Friday.

The group halted some of its production on March 19 and switched other units to manual operation after hackers blocked its systems with ransomware.

It has said it would not pay hackers to unlock its files, but has not said if it actually received any ransom demand.

“In terms of production output, most operations are back to normal or near normal levels,” it said. “The cyber attack has, however, caused delays to certain administrative processes, including systems for reporting, billing and invoicing.”

The company said it would take time to get IT operations fully back to normal after what it dubbed a sophisticated attack. It didn’t give a timeframe for this.

Despite the attack, Hydro’s primary metals business and most other units were able to carry on production with workarounds and manual solutions, though output of its extrusion business, which makes components for carmakers, builders and other industries, was reduced by 50 percent.

The unit’s operations were close to normal, but still with many workarounds and local variations from plant to plant, the company said.

Production in the three business units Extrusion Europe, Extrusion North America and Precision Tubing were running at an average output of around 90 percent, while Building Systems was at around 75 percent, it added.

The company has given a preliminary estimate of the financial impact of the attack during the first week at between 300 million Norwegian crowns ($35 million) and 350 million.

The company had a cyber risk insurance policy with AIG, but the potential compensation had a cap which the company has declined to disclose.

Norsk Hydro shares were up 1.5 percent on Friday, lagging a 2.6 percent rise in Norway’s benchmark stock index.

(Reporting by Nerijus Adomaitis; Editing by David Holmes)

Source: OANN

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Genoa bridge project a rare beacon for Italian construction

FILE PHOTO: Construction workers dismantle the collapsed Morandi Bridge in Genoa
FILE PHOTO: Construction workers dismantle the collapsed Morandi Bridge in Genoa, Italy, February 7, 2019. REUTERS/Massimo Pinca/File Photo

February 26, 2019

By Crispian Balmer

GENOA, Italy (Reuters) – When work started this month on dismantling the motorway bridge in Genoa that collapsed last August, killing 43 people, the Italian government said it was a symbol of revival.

   But another site a short distance away is more representative of infrastructure development in Italy, with zero activity and the land undisturbed.

After 20 years of planning, bulldozers were due to start carving out a bypass around this northern port city in late 2018. Just as local officials thought they had cleared every bureaucratic hurdle, the government in Rome demanded a new cost-benefit analysis.

“We have the money, we have approval from everyone … Then a new government arrived and everything stopped,” Marco Bucci, Genoa’s center-right mayor, told Reuters.

“Bureaucracy, finger-pointing, politics and litigation are the real problem here in Italy.”

Builders say the fate of the bypass is symptomatic of wider problems in Italy’s construction sector, where overly complex planning procedures have hobbled hundreds of new projects and slowed repairs.

The resulting crisis has pushed 120,000 building firms out of business in less than 10 years and weakened the euro zone’s third-largest economy, now in its third recession in a decade.

“While Italy is falling apart, thousands of companies and their employees are losing work because of this immobility,” said Gabriele Buia, president of national constructors’ association Ance.

Ance has a website detailing around 600 construction projects worth some 36 billion euros ($40.7 billion), including the Genoa bypass, that it says are blocked, more often than not because of suffocating bureaucracy.

GOING BUST

After the far-right League and anti-establishment 5-Star Movement formed a government last June, they promised to unravel red tape that has throttled Italian businesses.

But 5-Star also demanded cost-benefit analyses that have halted a number of projects, including the long-promised bypass and a high-speed Alpine rail link between Turin and the French city of Lyon on which work had already started.

The bypass review has yet to be completed, but a report this month on the so-called TAV rail line gave a resounding thumbs-down to the 20-billion-euro link, to dismay from business.

“The TAV is vital for the growth of the country,” Ance’s Buia told Reuters. “We have calculated that it would have created 50,000 jobs … By stopping work on it we are creating immediate damage for ourselves.”

Critics say the prolonged planning process makes it too easy for new administrations at both national and local level to unpick the work of their predecessors.

For projects costing over 100 million euros, it takes on average six years to get all the necessary permits from myriad public bodies, 1.3 years to award the contracts and then more than seven years to actually finish building.

“Why does it take more than a year to complete the tender process and why, if a company goes bust once work is underway, do you have to start the tender from scratch again? It is mad,” said Genoa’s Bucci.

Companies getting into trouble is a recurrent problem.

In the last eight months, Astaldi, Italy’s second-largest builder and CMC, its fourth-largest, have filed for creditor protection, while number three firm Condotte filed for insolvency.

Italy’s biggest builder Salini Impregilo meanwhile generates 93 percent of its revenues abroad. “Are we tempted to leave Italy? We left it a long time ago,” company CEO Pietro Salini told Reuters.

BUILDING CODE

The sector’s woes have had dire repercussions for banks.

According to latest Bank of Italy data, bad loans in the construction field total some 25.6 billion euros, nearly 30 percent of all bad loans in the financial system.

Ance estimates that some 26 billion euros of financing, both public and private, is in place for the biggest schemes but has not been tapped because projects are frozen. According to EU data, Italy scores the worst of any nation in the 28-country bloc when it comes to spending on planned public investment.

The government has promised to tackle one of the major bottlenecks — a building code that is designed to halt once-rampant corruption but has gummed up the system as an unwanted side-effect, with authorities reportedly worried about signing contracts for fear of breaking the law.

An overhaul promised by ministers has been delayed from November to March given the complexity of the changes and concerns they could help organized crime, which has traditionally made a fortune from construction.

Work on the Genoa bridge was accelerated because the government declared an emergency and gave Bucci special powers to circumvent the normal bureaucracy and tender procedures, limiting the scope for eventual litigation.

He believes such powers should be granted for other strategic projects.

“If we can complete this bridge in 15 months then we will signal to the world that we can do these things in Italy,” Bucci said.

(Additional reporting by Stefano Bernabei and Stephen Jewkes; Editing by Catherine Evans)

Source: OANN

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Rotten Tomatoes Purges 50,000 User Ratings After Captain Marvel Review Bomb

Tens of thousands of reviews for the film Captain Marvel were purged from the movie review site Rotten Tomatoes, but the deletions didn’t appear to improve the movie’s approval rating by much.

Screenshots of Rotten Tomatoes early Friday showed over 58,000 people had scored the movie an audience rating of 31 percent.

Later in the day, however, the amount of user ratings was inexplicably reduced to just over 4,200.

But the removal of over 50,000 reviews barely managed to eke the audience rating up five notches to 36 percent.

The review bomb and censorship effort comes in the wake of Rotten Tomatoes announcing last month it would take measures to weed out reviews from trolls attempting to smear movies before they’re released.

“Unfortunately, we have seen an uptick in non-constructive input, sometimes bordering on trolling,” a blog post from the site read last month, revealing a new system which would only allow users to rate movies which have already been released.

The film, which debuted in US theaters Friday, has been at the center of a culture war amid accusations it promotes “Social Justice Warrior” politics after lead actress Brie Larson commented last month critics and press reviewing her movies appeared to be “overwhelmingly white male.”

In an interview with Entertainment Weekly last month, Larson added the film also contains aspects of “intersectional feminism.”

While Rotten Tomatoes is censoring users, a new comment system named Dissenter from the social media site Gab is still allowing users to make reviews on the site and has currently racked up over 3,000 comments.


Facebook: https://www.facebook.com/adan.salazar.735


Source: InfoWars

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New Zealand mass shooting suspect fires attorney, plans to represent himself: report

The Australian man accused of killing 50 people at two mosques in New Zealand last week has reportedly fired his attorney and has chosen to represent himself in court instead.

The 28-year-old suspect’s decision to be his own legal representation is driving speculation that he might try to use his trial as a platform to share his extremist views, the Washington Post reported.

The alleged shooter, who Fox News is not naming, has been charged with one count of murder in the attacks on Friday, which became New Zealand's deadliest mass shooting in modern history. He is expected to face additional charges at his next court appearance on April 5.

NEW ZEALAND MOSQUE SHOOTING SUSPECT 'CHANGED COMPLETELY' AFTER TRAVELING TO EUROPE, OTHER COUNTRIES, FAMILY SAYS

Richard Peters, his former attorney, said that his former client appeared “lucid” and “not mentally unstable.”

The suspect described himself as a white supremacist in a 74-page manifesto emailed to New Zealand Prime Minister Jacinda Arden’s office just minutes before the attack.

He reportedly grew up in New South Wales, Australia and worked as a personal trainer. Within a year of his father’s death in 2010, he quit his job, invested in cryptocurrency and reportedly began traveling the world using his inheritance and money from bitcoin investments.

CLICK HERE TO GET THE FOX NEWS APP

The suspect’s grandmother, Marie Fitzgerald, said the death of his father took a toll on him. After his world travels, she said, he returned home a changed man.

Katherine Lam and Louis Casiano contributed to this report.

Source: Fox News World

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In leaky White House, Trump team keeps Middle East peace plan secret

FILE PHOTO - Haley, Kushner and Greenblatt wait for meeting of UN Security Council in New York
FILE PHOTO - U.S. United Nations ambassador Nikki Haley (C) White House senior adviser Jared Kushner (L) and Jason Greenblatt (R), U.S. President Donald Trump's Middle East envoy wait for a meeting of the UN Security Council at UN headquarters in New York, U.S., February 20, 2018. REUTERS/Lucas Jackson

April 10, 2019

By Steve Holland

WASHINGTON (Reuters) – In a White House where no secret is safe for long, one development has remained stubbornly confidential – the contents of a Middle East peace plan authored by President Donald Trump’s advisers Jared Kushner and Jason Greenblatt.

With Trump having delighted Israelis and angered Palestinians by recognizing Jerusalem as Israel’s capital in 2017 and moving the American Embassy to the holy city last May, a U.S.-brokered peace deal may seem farther away now than when talks collapsed five years ago.

Then on Wednesday, Israeli Prime Minister Benjamin Netanyahu secured a clear path to re-election, only days after proposing to annex Jewish West Bank settlements, traditionally viewed as illegal by much of the world. The Trump administration has yet to comment on the election-eve remarks.

Aides expect Trump to release the plan once Netanyahu forms a government coalition, and officials say that despite criticism of the administration’s moves to date, the plan will demand compromises from both sides.

That the peace plan has remained a secret is remarkable in a White House where drafts of executive orders, confidential conversations and internal deliberations all find their way to the front pages.

Kushner and Greenblatt have limited the plan’s distribution over the two years they have been crafting it. It has been kept secret “to ensure people approach it with an open mind” when it is released, a senior administration official said.

Only four people have regular access – Kushner, Greenblatt, U.S. Ambassador to Israel David Friedman and Kushner aide Avi Berkowitz, the official said.

Trump is briefed regularly on the contents but is not believed to have read the entire document of dozens of pages.

“He is briefed if something interesting is happening or there is an idea they want to run by him,” the official said.

Kushner, a New York real estate developer and husband of Trump’s daughter Ivanka, and Greenblatt, a former lawyer for Trump, joined the process knowing little about the tortured, decades-long path in search of Arab-Israeli peace.

Their proposal addresses such core political issues as the status of Jerusalem, and separately aims at helping the Palestinians strengthen their economy.

Cloaked in secrecy is whether the plan will propose outright the creation of a Palestinian state, the Palestinians’ core demand.

On Wednesday, Trump’s secretary of state Mike Pompeo said the plan would be presented before too long but, when asked, declined to say whether the administration favored a two-state solution, long the basis of Middle East peacemaking.

Not even Trump, who is known to blurt out news whenever he feels like it, has dribbled out details of the peace plan because of the sensitivity.

He tells his Middle East envoys, “If you guys can get this done you’re going to be the greatest negotiators in history,” said a senior White House official.

‘YOUR CHILDREN’S FUTURE’

When Kushner and Greenblatt began developing their plan in 2017, they asked the parties to look to the future and describe an outcome on each issue that they could accept rather than get locked into historical stances, two officials said.

“You can’t let your grandfather’s conflict hold back your children’s future” was their message to both sides, one official said.

Palestinians reject Trump’s pro-Israel policies.

“The extremist and militaristic agenda, led by Benjamin Netanyahu, has been emboldened by the Trump administration’s reckless policies and blind support,” said PLO Executive Committee Member Hanan Ashrawi.

U.S. Vice President Mike Pence, Pompeo and White House national security adviser John Bolton are all kept up to date on the peace plan, but have kept a hands-off approach to it, deferring to Kushner, two other officials said.

The secrecy maintained by Kushner and Greenblatt, even as they refine and polish the plan, has posed something of a challenge for Gulf governments, who want to know the details before committing resources to a Palestinian fund.

Kushner and Greenblatt toured Gulf states in February to promote the economic part of the plan and get opinions about it, without providing a detailed view of the contents of the more crucial political section.

One of their stops was in Qatar.

Qatari Foreign Ministry Spokeswoman Lolwah Al Khater, speaking to a small group of reporters in Washington recently, gave no indication that Kushner and Greenblatt provided much in the way of details on the political plan when they visited.

“I don’t think it’s still set in stone,” she said.

Dennis Ross, a longtime Middle East envoy and now a distinguished fellow at the Washington Institute for Near East Policy, said the U.S. team still has “a lot of work to do to make sure that Arab leaders aren’t surprised by what’s going to be presented, and they need to see it in writing, not verbally.”

But he said secrecy at this point is understandable.

“Holding something very close makes sense and it’s not taken as a negative by the parties, because in the end, if the content isn’t leaking out, it also makes sure that what would be controversial doesn’t create an immediate firestorm. There’s a logic to that,” Ross said.

(Additional reporting by Matt Spetalnick and Arshad Mohammed; Editing by Mary Milliken and Howard Goller)

Source: OANN

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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