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Romanian court delays appeal decision in graft conviction

A Romanian court has postponed until May 20 its decision on an appeal by the country's most powerful politician against his 3 ½ year prison sentence for official misconduct in a graft case.

A few supporters of Social Democratic Party leader Liviu Dragnea scuffled with police Monday outside the courthouse as he entered.

Critics fear the delay endangers Dragnea's 2018 conviction, linked to the employment of two party members at a public agency, because the anticipated June 1 retirement of one the five judges hearing the appeal could potentially lead to a re-trial.

Also, a decision by the Constitutional Court due May 19 may invalidate Dragnea's conviction if it finds that the three-judge panel involved did not meet certain legal conditions.

Dragnea was convicted of vote-rigging in 2016.

Source: Fox News World

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Preparations underway for Kim-Putin summit in Russia

Preparations are underway for a summit between the leader of North Korea and Russia's president.

The Kremlin confirmed earlier this month that Kim Jong Un would meet with President Putin before the end of the month but has not named the place or date, citing security concerns.

Russia's port city of Vladivostok on the Pacific Ocean, in the meantime, is seeing a number of unusually strict security measures.

Maritime authorities said on Tuesday that the waters around Russky Island, the likely summit venue, will be closed for all maritime traffic between Wednesday morning and Friday morning. Separately, local media reported that several platforms at Vladivostok's main train station will be closed for several days.

Kim, like his father, avoids air travel and is likely to travel to Vladivostok by train.

Source: Fox News World

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Bangladesh says no hurry to relocate Rohingya, in talks with U.N. bodies

FILE PHOTO: Rohingya refugees gather at a market inside a refugee camp in Cox's Bazar
FILE PHOTO: Rohingya refugees gather at a market inside a refugee camp in Cox's Bazar, Bangladesh, March 7, 2019. REUTERS/Mohammad Ponir Hossain/File Photo

March 25, 2019

By Serajul Quadir

DHAKA (Reuters) – Bangladesh is not in a hurry to relocate Rohingya refugees to a Bay of Bengal island, a minister told Reuters on Monday, after the United Nations sought more details on the government’s plan, criticized by some human rights groups.

Bangladesh wants to move 100,000 of the nearly 1 million Rohingya Muslims sheltered in cramped camps in its southeastern district of Cox’s Bazar to the remote island, known as Bhasan Char http://fingfx.thomsonreuters.com/gfx/rngs/MYANMAR-ROHINGYA/010060Z21XP/index.html, which it has been developing for the past two years.

The United Nations is making plans to help Bangladesh with the move, Reuters reported last week.

But in a statement on Monday, the world body called for a thorough assessment to ensure the viability of the move, saying it was discussing “critical protection and operational issues” ahead of any relocation.

“We’re also examining the potential operational implications of setting up a humanitarian response on Bhasan Char, including the requirements, time frames and costs involved,” it said.

Bangladesh is in talks with U.N. humanitarian bodies, and working on their observations, said Enamur Rahman, the junior minister for disaster management and relief.”So we are going a little slow. There’s no exact date to relocate,” he added.

“We are not in a hurry and it will start only when all these U.N. bodies and Rohingya people feel the area is ready.”

Rahman said the government was working to build more cyclone shelters on the island, which is hours from the mainland by boat. Many Rohingya have opposed the transfer plan.

A World Food Programme document shows the U.N.’s food agency supplied Bangladesh with detailed plans, including a timeline and a budget, on providing for thousands of Rohingya taken to the island within weeks.

The March 12 plans show how the agency and its partners “may facilitate the identification, staging, forward movement, reception, and sustainment of refugees” on the island, based on an initial appeal for donor funds from $9 million to $19 million.

Densely-populated Bangladesh says it has been grappling with the large refugee numbers.

The number of refugees in Cox’s Bazar has swelled since August 2017, when a Myanmar military-led crackdown that U.N. investigators have said was conducted with “genocidal intent” prompted some 730,000 Rohingya to flee.

Buddhist-majority Myanmar has denied almost all accusations of atrocities made by refugees, saying its security forces engaged in a legitimate counterterrorism operation.

GRAPHIC: A remote home for the Rohingya – http://fingfx.thomsonreuters.com/gfx/rngs/MYANMAR-ROHINGYA/010060Z21XP/index.html

(Reporting by Serajul Quadir; Writing by Krishna N. Das; Editing by Clarence Fernandez)

Source: OANN

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South Korean tanker Stellar Daisy found on ocean floor 2 years after it sank, explorers say

The Stellar Daisy, a massive South Korean tanker that sank in March 2017, was spotted on the floor of the South Atlantic Ocean nearly two years later, the CEO of an ocean exploration company revealed Sunday.

This discovery could shed new light on exactly what caused the vessel to tilt and sink and provide some closure to the families of the 22 crew members who died.

“We are pleased to report that we have located Stellar Daisy, in particular for our client, the South Korean Government, but also for the families of those who lost loved ones in this tragedy," Ocean Infinity CEO Oliver Plunkett said. "Through the deployment of multiple state of the art (autonomous underwater vehicles), we are covering the seabed with unprecedented speed and accuracy.”

An Autonomous Underwater Vehicle (UAV) surveying the ocean floor.

An Autonomous Underwater Vehicle (UAV) surveying the ocean floor. (Ocean Infinity)

The Stellar Daisy sank on March 31, 2017, nearly 2,500 miles east of Uruguay, while transporting iron ore from Brazil to China. Only two of its 24 crew members were rescued.

It was the largest ship by volume that sank in 2017.

Polaris Shipping reportedly reached a compensation agreement later that year with 17 of the missing sailors and two of the rescued crewmembers.

Search teams said the tanker was located nearly 1,800 miles west of Cape Town, South Africa, at a depth of 3,461 meters -- over 2 miles.

Scientists on the Seabed Constructor, an offbed vessel, used four autonomous underwater vehicles (UAV) which are controlled remotely and don't require pilots onboard.

A closer view of some of the Autonomous Underwater Vehicles (UAVs) used in the search.

A closer view of some of the Autonomous Underwater Vehicles (UAVs) used in the search. (Ocean Infinity)

Ocean Infinity announced it was working with the South Korean government on Dec. 30, 2018. During that time, the company remained hopeful. “For the sake of all involved we sincerely hope that we can find Stellar Daisy and be able to collect as much evidence about her loss as we can," said Plunkett. "As always with deep sea search there can be no guarantee of success as neither the precise location nor the specific circumstances of her loss are known."

The Seabed Constructor had set sail from Cape Town on Feb. 8, 2019. After 72 hours it had explored nearly 500 square miles.

Ocean Infinity crews are set to conduct an extensive survey using 3D-imaging technology before they try recovering the Stellar Daisy's voyage data recorder, according to the company.

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Volvo raises 600 million euros in second bond deal this year

FILE PHOTO: An electric vehicle charging cable is seen on the bonnet of a Volvo hybrid car in this picture illustration
FILE PHOTO: An electric vehicle charging cable is seen on the bonnet of a Volvo hybrid car in this picture illustration taken July 6, 2017. REUTERS/Phil Noble/Illustration

March 26, 2019

STOCKHOLM (Reuters) – Volvo Cars has raised 600 million euros ($677 million) via a bond issue on Tuesday, its second this year and which also comes seven months after the Swedish carmaker shelved plans to list on the stock market.

Carmakers like Volvo are facing rising costs for developing electric and driverless cars while they grapple with the fallout from trade wars and an industry downturn.

Volvo said on the Tuesday the bond would mature in April 2024, pay a fixed coupon of 2.125 percent and have an issue price was 99.625, equating to a yield of 2.205 percent and a Euro mid-swap of plus 215 basis points.

The settlement was expected to be April 2 April and the bonds would be listed on the Luxembourg Stock Exchange, Volvo said.

A spokeswoman for Volvo, which is owned by China’s Geely, said the money raised would be used for corporate purposes.

In November, Volvo CEO Hakan Samuelsson had ruled out a bond issue in the short term because of turbulent markets.

(Reporting by Esha Vaish in Stockholm. Editing by Jane Merriman)

Source: OANN

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Saudi Aramco world’s biggest oil producer in 2018: Fitch Ratings

FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter
FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo

April 1, 2019

By Henning Gloystein

SINGAPORE (Reuters) – Saudi Aramco was by far the world’s biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday.

“Saudi Aramco is the largest oil producer globally by volume… In 2018 its liquids production and its total hydrocarbon production averaged 11.6 million and 13.6 million barrels of oil equivalent per day, respectively, well ahead of the upstream output of global and regional integrated producers such as ADNOC, Shell, Total and BP,” Fitch said.

Fitch said state-owned Aramco “is less integrated into natural gas and downstream than some of its international peers, such as Shell and Total, which makes it more exposed to oil prices although this is mitigated by low cost of production, its downstream expansion strategy and, the acquisition of SABIC.”

Saudi Aramco last week said it would buy a 70 percent stake in Saudi Basic Industries Corp (SABIC) from the kingdom’s wealth fund for $69.1 billion in one of the biggest deals in the global chemical industry.

The rating agency said it put Saudi Aramco’s “standalone credit profile (at) ‘AA+'”, adding that this “rating is capped by that of Saudi Arabia in view of strong linkage between the state and the sovereign.”

(Reporting by Henning Gloystein; editing by Darren Schuettler)

Source: OANN

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Republicans Moving to Curb President's Emergency Powers

Republicans are preparing to impose limits on the president’s ability to declare national emergencies following President Donald Trump’s recent declaration.

Last Friday, Trump vetoed an attempt from Congress to prevent him from using a national emergency to allocate money for a wall on the U.S.-Mexico border. Despite this loss, Republicans in Congress are still committed to reducing the president’s power to declare a national emergency.

“It’s an institutional issue, it’s a congressional authorities issue. We have the power of the purse,” Sen. Rob Portman, R-Ohio, told The Hill. “Under the National Emergencies Act, there was too much latitude that was given away … and we need to pull that back some and let it be used for legitimate national security purposes.”

Sen. Joe Kennedy, R-La., added that, “there is a lot of people, myself included, who believe that the National Emergencies Act ... needs to be reformed.”

Sen. Marco Rubio, R-Fla., said that there’s “unanimity” in the party about changing the law. Senate Majority Leader Mitch McConnell, R-Ky., has asked Sen. Ron Johnson, R-Wis., to write a bill that can win 60 votes, enough to prevent a filibuster.

“I would like to revisit the emergency powers that Congress has provided to the executive branch,” said Sen. Mike Rounds, R-S.D., who sided with Trump. “I do think it's going to be a healthy debate to have.”

Source: NewsMax Politics

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

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

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

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

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

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

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

— Joe Biden

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

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

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

— Dr. Neal Kassell

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

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

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

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

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

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

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

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

Source: Fox News Politics

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

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

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

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

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

School authorities instituted a similar measure in 2016.

Source: Fox News World

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

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

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

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

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

Source: Fox News World

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

April 26, 2019

By Ryan Woo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEED FOR CASH

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STATE COMPETITION

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

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

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

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

Source: Fox News World

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