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China says humanitarian aid should not be forced into Venezuela

People wait with their vehicles at a checkpoint set up by Venezuelan security forces in Taguanes, Venezuela
People wait with their vehicles at a checkpoint set up by Venezuelan security forces in Taguanes, Venezuela, February 21, 2019. REUTERS/Andres Martinez Casares

February 22, 2019

BEIJING (Reuters) – Humanitarian aid should not be forced into Venezuela, lest it cause violence, China’s Foreign Ministry said on Friday, warning that Beijing opposed military intervention in the country.

Venezuela President Nicolas Maduro threatened to close the border with Colombia on Thursday as opposition leader Juan Guaido and some 80 lawmakers ran a gauntlet of roadblocks trying to get to the frontier to receive humanitarian aid.

Guaido, who is recognized by dozens of countries as Venezuela’s legitimate head of state, was poised for a showdown with Maduro’s government on Saturday, when the opposition will attempt to bring in food and medicine being stockpiled in neighboring countries.

Maduro denies there is a humanitarian crisis and said on Thursday he was considering closing Venezuela’s key border with Colombia and would close the country’s other main border with Brazil, effectively shutting off any legal land access.

Speaking at a daily news conference, Foreign Ministry spokesman Geng Shuang said that the Venezuelan government had “remained calm and exercised restraint”, effectively preventing large-scale clashes.

“If so-called aid material is forced into Venezuela, and then if it causes violence and clashes, it will have serious consequences. This is not something anyone wants to see,” Geng said.

“China opposes military intervention in Venezuela, and opposes any actions causing tensions or even unrest,” he said.

Maduro retains the backing of both Russia and China.

Beijing has lent more than $50 billion to Venezuela through oil-for-loan agreements over the past decade, securing energy supplies for its fast-growing economy.

A change of government in Venezuela would favor Russia and China, who are the country’s two main foreign creditors, Guaido told Reuters in an interview last month.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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ATP roundup: Three French players in semis in Morocco

Tennis - ATP 1000 - Paris Masters
FILE PHOTO: Tennis - ATP 1000 - Paris Masters - AccorHotels Arena, Paris, France - October 31, 2018 France's Gilles Simon in action during his second round match against Austria's Dominic Thiem REUTERS/Gonzalo Fuentes

April 13, 2019

The French are dominating action at the Grand Prix Hassan II in Marrakesh, Morocco, where fourth seed Gilles Simon, Jo-Wilfried Tsonga and Benoit Paire were all winners in the quarterfinals Friday.

It will be the first time since Simon, Tsonga and Julien Benneteau turned the trick in 2008 that there will be three Frenchmen in the tournament’s semifinals.

Simon needed two hours and 34 minutes to defeat Japan’s Taro Daniel, 6-4, 7-5, saving 12 of 15 break points along the way to earn a spot in the semis against Spain’s Pablo Andujar, who advanced when Jiri Vesely withdrew with a right toe injury. Andujar has won the tournament three times (2011-12, 2018), while Simon proved victorious in 2008.

Tsonga had a much easier time shutting down Italian qualifier Lorenzo Sonego, taking just 67 minutes to emerge with a 6-3, 6-2 triumph, thanks to winning 26 of his 29 first-service points.

Paire moved on to the semis for the second time in three years after defeating Spaniard Jaume Munar 6-1, 6-3 in 59 minutes.

U.S. Men’s Clay Court Championship

No. 8 seed Sam Querrey continued his march toward a third final in Houston, saving three set points in a one-hour, 54-minute quarterfinal match to outlast Serbian Janko Tipsarevic 7-6 (6), 7-6 (4).

The American, who has yet to drop a set in the tournament, advances to play Chile’s Christian Garin, who is coming off a 6-3, 6-2 win over Swiss qualifier Henri Laaksonen.

Only one half of the other semifinals is set after Norwegian Casper Ruud defeated Marcel Granollers 6-1, 6-0 in the quarters, ruining the Spaniard’s 33rd birthday. His opponent will be either seventh seed Jordan Thompson of Australia or Columbian qualifier Daniel Elahi Galan after their match was suspended due to rain tied 3-3 in the third set. Galan took the first set 6-1 while Thompson came back 6-4 in the second.

–Field Level Media

Source: OANN

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Russia denies recovering remains of Israeli spy Cohen

Russia's Foreign Ministry has strongly rejected Israeli media reports claiming that Russian officials have taken the remains of legendary Israeli spy Eli Cohen out of Syria, where he was executed more than five decades ago.

Cohen infiltrated the top echelons of Syria's leadership in the early 1960s and obtained top-secret intelligence before he was caught and publicly executed in 1965.

Israeli media reported earlier this week that a Russian delegation took Cohen's remains out of Syria.

The Russian Foreign Ministry put out a statement Wednesday "resolutely refuting" the claim, which it described as a "provocation." It urged the Israeli media to show a more "accurate, professional and honest approach to coverage of such sensitive issues."

Source: Fox News World

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Boy, 14, missing since weekend found buried on Ohio farm

Authorities say the body of a 14-year-old boy reported missing Sunday has been found in a shallow grave on a northeast Ohio farm.

The Carroll County sheriff, prosecutor and coroner didn't provide any details at a news conference Friday afternoon about how Jonathon Minard died, or whether there were suspects in his death. Investigators found his body Friday morning at a Washington Township farm, roughly 90 miles (145 kilometers) southeast of Cleveland.

Jonathon was last seen Saturday at a New Harrisburg farm where he helps milk cows at a farm owned by a friend's father. Investigators were told Jonathon complained about a toothache and said he'd call his mother at the friend's house to pick him up.

Sheriff Dale Williams said earlier this week the mother didn't receive a call.

Source: Fox News National

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Pakistan announces release of 360 Indian fishermen

Pakistan's Foreign Ministry says officials will release 360 Indian prisoners detained for fishing illegally in the country's territorial waters in the Arabian sea.

Mohammad Faisal, ministry spokesman, said Friday the anglers will be freed in four batches starting April 15.

Pakistani and Indian maritime agencies frequently arrest each other's fishermen on charges of illegal fishing. The detainees often languish in prison until such goodwill gestures are shown from either side.

Friday's announcement comes days after Pakistani and Indian soldiers traded fire in the disputed Himalayan region of Kashmir, killing seven Pakistanis and three Indians. Both sides blamed each other for violating a cease-fire in the region, which is split between them and claimed by both in its entirety.

Source: Fox News World

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EU sees economic splits as half of member states face differing gaps

A man reads a newspaper at a coffee shop in central Athens
A man reads a newspaper at a coffee shop in central Athens, Greece, November 21, 2018. REUTERS/Costas Baltas

February 27, 2019

By Francesco Guarascio

BRUSSELS (Reuters) – Half of European Union countries are experiencing economic imbalances that differ widely, the EU Commission said on Wednesday, as the bloc discusses how to improve convergence among its 27 members after Britain leaves.

In a regular check-up of EU governments’ economic policies and achievements, the Commission renewed its warning that gaps that are harmful to the whole bloc not being addressed in several states, while a growing number of them face shortfalls.

As economic growth slows, “challenges vary significantly across countries and call for appropriate and determined policy action,” the Commission said in its report.

Thirteen states were rebuked for their economic imbalances, two more than in last year’s assessment.

Of them, Italy, Greece and Cyprus were found to have “excessive” shortfalls which would require swift corrective action. The Commission was mostly worried by the high ratio of bad loans in their banking sectors and their large public and private debt.

Bulgaria, Germany, Ireland, Spain, France, Croatia, the Netherlands, Portugal, Romania and Sweden also have imbalances although less acute than the three Mediterranean states, the commission said. Croatia’s imbalances are no longer considered excessive.

None of these countries have sufficiently narrowed the gaps the Commission had highlighted in a report last year, in a sign that EU’s fiscal recommendations have so far been largely ignored in national capitals.

Problems also differ among countries, with France affected by low productivity, Italy hit by high unemployment and debt and Germany lagging on investments.

CASH FOR REFORMS?

The EU monitoring was launched after the 2008-09 global financial crisis to address national economic imbalances that could weaken the EU economy.

However, major shortfalls have not been tackled by EU states. For example, Italy’s large public sector debt has not dropped and Germany has maintained an excessive trade surplus.

Structural reforms have also stalled in recent years in many countries of the bloc. “To unlock the full growth potential of our economies, we need structural reforms,” the Commission’s vice-president in charge of financial stability Valdis Dombrovskis said in a statement.

In a bid to address these shortfalls and lower economic divergences among EU states, the Commission last year proposed to set up a 25-billion-euro ($28.4 billion) EU fund to help countries that embark on structural reforms, such as of their pensions systems or labor markets.

Germany and France, the two largest countries of the bloc, supported the cash-for-reform plan in a blueprint agreed last week, but a fund will only be set up if there is backing from all EU states. Not all countries support the plan.

If agreed, the fund could begin financing reforms from 2021 when the new long-term EU budget will start.

(Reporting by Francesco Guarascio; editing by Philip Blenkinsop)

Source: OANN

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UK parliament very likely to consider new Brexit referendum: Hammond

FILE PHOTO: Britain's Chancellor of the Exchequer Philip Hammond leaves Downing Street in London
FILE PHOTO: Britain's Chancellor of the Exchequer Philip Hammond leaves Downing Street in London, Britain April 10, 2019. REUTERS/Hannah Mckay/File Photo

April 12, 2019

WASHINGTON (Reuters) – British finance minister Philip Hammond said on Friday it was very likely that the idea of a second Brexit referendum would be put to parliament at some point, but time was tight before October when Britain is due to leave the European Union.

Hammond, speaking to reporters in Washington where he is attending meetings at the International Monetary Fund, also said he expected the government and the opposition Labour Party would strike a deal on how to break the Brexit impasse in parliament in the next couple of months.

(Reporting by David Milliken; Writing by William Schomberg; Editing by Alistair Smout)

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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