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Turkish, Australian ministers speak amid Gallipoli spat

Turkish officials say Foreign Minister Mevlut Cavusoglu has held a telephone conversation with his Australian counterpart, Marise Payne.

Foreign Ministry officials did not provide further details about the telephone call on Wednesday, which came after recent comments by Turkish President Recep Tayyip Erdogan about the World War I Gallipoli campaign drew ire from Australia.

On his election campaign trail, Erdogan has suggested that opposition to Islam motivated Australia and New Zealand to send troops to fight against Turkey during WWI. He also said anyone coming to Turkey with anti-Muslim sentiments would be sent back in coffins.

Australian Prime Minister Scott Morrison called in Turkey's ambassador and demanded that Erdogan's comments be withdrawn. His government issued a travel advisory warning people visiting Turkey for the Gallipoli remembrance ceremonies to exercise caution.

Source: Fox News World

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Trump Downplays White Nationalism Threat

President Donald Trump played down any threat posed by racist white nationalism on Friday after the gunman accused of the New Zealand mosque massacre called the president "a symbol of renewed white identity."

Trump, whose own previous responses to the movement have drawn scrutiny, expressed sympathy for the victims who died as "places of worship turned into scenes of evil killing." But he declined to join expressions of mounting concern about white nationalism, saying that "I don't, really" when asked whether it was a rising threat around the world.

"I think it's a small group of people that have very, very serious problems, I guess," Trump said. "If you look at what happened in New Zealand, perhaps that's the case. I don't know enough about it yet. But it's certainly a terrible thing."

Trump was asked about white nationalism and the shooting deaths of 49 people at mosques in Christchurch after he formally vetoed Congress' resolution to block his declaration of a national emergency at the Mexico border. His veto, aimed at freeing money to build more miles of a border wall against illegal immigration, is expected to survive any congressional effort to overturn it.

Questioned about the accused gunman's reference to him, Trump professed ignorance.

"I didn't see it. I didn't see it," he said. "But I think it's a horrible event ... a horrible, disgraceful thing and a horrible act."

The man accused of the shootings, whose name was not immediately released, left behind a lengthy document that outlined his motivations. He proudly stated that he was a 28-year-old Australian white nationalist who hates immigrants and was set off by attacks in Europe that were perpetrated by Muslims. In a single reference, he mentioned the U.S. president.

"Were/are you a supporter of Donald Trump?" was one of the questions he posed to himself. His answer: "As a symbol of renewed white identity and common purpose? Sure. As a policy maker and leader? Dear god no."

The White House immediately denounced the connection. But the mention from the suspect, who embraced Nazi imagery and voiced support for fascism, nonetheless cast an uncomfortable light on the way that the president has been embraced by some on the far right.

Trump, who as a candidate proposed a ban on all Muslims entering the United States, has drawn criticism as being slow to condemn white supremacy and related violence. After a 2017 clash between white nationalists and anti-racist protesters in Charlottesville, Virginia, that left one demonstrator dead, Trump said there were "very fine people on both sides" of the confrontation. He also did not immediately reject the support of David Duke, a former KKK Grand Wizard, during his presidential campaign.

Sen. Richard Blumenthal, D-Conn., tied Trump's inflammatory language to the violence half a world away.

"Words have consequences like saying we have an invasion on our border and talking about people as though they were different in some fatal way," Blumenthal said on CNN. "I think that the public discourse from the president on down is a factor in some of these actions."

Former Texas Rep. Beto O'Rourke, who declared his Democratic candidacy for president this week, said, "We must call out this hatred, this Islamophobia, this intolerance, and the violence that predictably follows from the rhetoric that we use."

The White House, in comments before those remarks, rejected any link to Trump.

"It's outrageous to even make that connection between this deranged individual that committed this evil crime to the president who has repeatedly condemned bigotry, racism and made it very clear that this is a terrorist attack," Mercedes Schlapp, the White House's director of strategic communication, told reporters. "We are there to support and stand with the people of New Zealand."

Trump himself telephoned New Zealand Prime Minister Jacinda Ardern, offering condolences, prayers and any help the U.S. might be able to provide. She told reporters she answered, "My message was: to offer sympathy and love to all Muslim communities."

Trump's hardline immigration rhetoric and calls to return America to its traditional past have been embraced by many on the conservative fringes, including some who troll online with racist imagery, as well as white supremacists who have looked to engage in violence.

In Florida, Cesar Sayoc, who had decorated his van with Trump propaganda, was accused of mailing explosives last fall to Democratic Party officials and media members, many of whom had been criticized by the president. The president said Sayoc had been "insane" long before he became a Trump fan.

Last month, a former Coast Guard official was accused of stockpiling weapons in a plot to kill media members and liberal politicians as part of a plan to transform the U.S. into a white ethno-state. It took more than a week for Trump to respond to the plot, which he deemed "a shame."

Many experts who track violent extremists have identified white nationalism as a growing threat in the U.S. and abroad. In January, for example, the New York-based Anti-Defamation League said that domestic extremists killed at least 50 people in the U.S. in 2018, up from 37 in 2017, and said, "White supremacists were responsible for the great majority of the killings, which is typically the case."

Some critics have accused U.S. authorities of not dedicating adequate resources to stem a threat of domestic terrorism. However, The Washington Post reported last week that internal FBI data showed more domestic terror suspects were arrested last year than those allegedly inspired by international terror groups.

Source: NewsMax Politics

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Australia watchdog plans criminal claims on financial sector after inquiry rap

Illustration photo of an Australia Dollar note
An Australia Dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

February 19, 2019

SYDNEY (Reuters) – Australia’s corporate regulator, which was criticized heavily by a misconduct inquiry for being soft on the financial industry, said on Tuesday it expects to refer major financial institutions and their representatives for criminal prosecutions.

The Australian Securities and Investments Commission (ASIC)has previously preferred to negotiate with offending companies instead of prosecuting them. But a government-mandated inquiry into financial sector misconduct that ended earlier this month castigated the practice, and also recommended more oversight of the regulators themselves.

The inquiry, called the Royal Commission, found instances where ASIC and the Australian Prudential Regulation Authority(APRA) had responded inadequately to serious cases of misconduct by financial services providers.

In a statement on Tuesday, ASIC said it will seek criminal prosecutions not only for the cases of misconduct recommended by the inquiry or reviewed publicly by it but also for others expected to be thrown up by investigations being done by its enforcement teams.

“Aside from the Royal Commission case studies, ASIC’s enforcement teams are undertaking a large volume of work on a range of misconduct relating to major financial institutions and their representatives,” the regulator added, without naming any corporation.

“ASIC expects these investigations to result in a number of referrals to the Commonwealth Director of Public Prosecutions for assessment for criminal prosecution.”

The regulator said that since deciding to adopt a new “why not litigate?” strategy in October, it had increased the number of enforcement investigations of misconduct by large financial institutions by 50 percent.

New laws will expand ASIC’s powers to prosecute wrongdoing, as well as its ability to pursue harsher penalties and criminal sanctions against banks and their executives, including prison terms of up to 15 years.

(Reporting by Paulina Duran; Editing by Muralikumar Anantharaman)

Source: OANN

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Mueller team denies leaking Roger Stone indictment to CNN

Special Counsel Robert Mueller’s team on Friday denied allegations from former Trump adviser Roger Stone that his indictment was leaked to CNN before it was unsealed last month.

“The Special Counsel’s Office is aware of no information indicating that reporters were given any advance knowledge of a possible indictment from the Special Counsel’s office,” the filing states.

Stone’s legal team had filed a motion in federal court claiming his indictment had been leaked after CNN was the only network to stake out Stone's Fort Lauderdale home when he was arrested before dawn last month. CNN later aired video of the arrest that showed a team of FBI agents with guns banging on Stone’s door and demanding that he come outside.

FBI'S SHOW OF FORCE IN ROGER STONE ARREST SPURS CRITICISM OF MUELLER TACTICS

The arrest operation drew scrutiny from President Trump, who questioned on Twitter, “who alerted CNN to be there?”

CNN has denied being tipped off to the arrest, claiming they knew to be there because of “good reporting.” If that is the case, reporters have noted CNN was remarkably lucky in guessing when Stone might be arrested.

“CNN’s ability to capture the arrest of Roger Stone was the result of determined reporting and interpreting clues revealed in the course of events. That’s called journalism,” CNN said.

The filing from Mueller’s team accuses Stone of suggesting “without evidence” that prosecutors publicly released the indictment before the arrest to allow news media to witness Stone’s arrest, claiming the indictment was not “publicly released until after the defendant was arrested.”

JUDGE RIPS INTO ROGER STONE, BARS HIM FROM SPEAKING PUBLICLY ON CASE

The 24-page indictment against the former Trump adviser alleges that Stone worked to obstruct the House Intelligence Committee’s investigation into Russian interference in the 2016 election by making false statements to the committee, denying he had records sought by the committee and persuading a witness to provide false testimony. Stone has pleaded not guilty.

Fox News’ Brooke Singman contributed to this report.

Source: Fox News Politics

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Religious symbols proposal ignites fiery debate in Quebec

A proposal to ban many public employees from wearing religious symbols is creating a fiery debate in the Canadian province of Quebec, where people are fighting to freely practice their religion — or to be free of it.

The measure introduced late last month would prohibit civil servants, teachers, nurses, bus drivers, lawyers and other people who interact with the public from wearing religious symbols while at work.

It would apply to Sikh turbans, Christian jewelry and Jewish kippahs, but the focus of the controversy has been over hijabs worn by many Muslim women in Quebec.

Thousands of demonstrators attended a recent march in Montreal to protest the measure.

But Quebec Premier Francois Legault has told reporters that the bill would reinforce gender equality in the province.

Source: Fox News World

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Florida man arrested for allegedly throwing cookie at girlfriend

A Florida man was arrested for domestic battery after he reportedly threw a cookie at his girlfriend.

Wade Smith, 41, of Zephyrhills, was taken into custody on Sunday after deputies with the Pasco County Sheriff's Office were called to the home he shares with his girlfriend, WFLA reported.

SAN ANTONIO MAN ALLEGEDLY PISTOL-WHIPPED EX FOR REVEALING HIS CRIMINAL PAST TO NEW GIRLFRIEND

Smith's girlfriend reportedly told investigators that he "threw a hard piece of cookie and hit her in the forehead," which deputies noted was red when they responded to the scene.

The 41-year-old, according to the news station, confessed to authorities that he threw the cookie at her.

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Online records from the sheriff's office indicate Smith was booked at the Pasco County Jail in Land O' Lakes on $500 bond.

Source: Fox News National

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‘Golden cross’ for stocks doesn’t always glitter

Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019. REUTERS/Brendan McDermid

March 20, 2019

By Chuck Mikolajczak

NEW YORK (Reuters) – The Dow Jones Industrial Average triggered a technical signal on Tuesday that many investors believe could portend more gains for stocks in the short term, known as the golden cross.

The chart pattern comes about when a short-term moving average moves above a longer-term moving average. Moving averages are popular trend indicators used by technical analysts.

In the case of the Dow on Tuesday, the 50-day moving average crossed above the index’s 200-day moving average, which is the most widely watched combination among technicians. Some analysts employ additional criteria in determining whether a cross is triggered, for example, if both moving averages are sloping upward, which the Dow’s currently are.

Even with the Dow’s slightly lower close on Tuesday on trade concerns, the 50-day managed to end the session above the 200-day moving average.

Other major indexes, such as the S&P 500 and Nasdaq, have moved closer to a golden cross as stocks continue to rally off their late December lows, buoyed by a Federal Reserve pause in interest rate hikes and building investor optimism for a trade deal between the U.S. and China.

“All signs are pointing towards continued good performance, and the golden cross just accentuates that because that is another positive story,” said Ken Polcari, managing principal at Butcher Joseph Asset Management in New York.

Polcari said the cross should not be looked at in a vacuum, however, and pointed to gains in the S&P 500 and Nasdaq that have lifted those indexes above their highs from early March as further evidence the market is strengthening.

“You have to look at it in the context of some of the other indicators,” Polcari said.

On Dec. 7, the S&P 500 triggered a bearish counterpart, known as a “death cross,” when the 50-day moving average fell below the 200-day. The benchmark index went down another nearly 11 percent before bottoming on Dec. 24.

The Dow last triggered a golden cross on April 19, 2016 and closed out the year 9.5 percent higher from there.

(Graphic: Dow Golden Cross link: https://tmsnrt.rs/2ULiKEu).

Still, the golden cross is far from a bulletproof signal. According to Sam Stovall, chief investment strategist at CFRA Research in New York, using a “golden cross” strategy yielded a lower return than the compound annual growth rates for the Dow and smallcap Russell 2000 index since 1990.

The results were different for the S&P 500, however, with the “golden cross” strategy yielding returns similar to the index while also enabling investors to avoid major sell-offs and bouts of volatility.

Since 2000, the biggest drop yearly using a cross strategy would be 6 percent versus 38 percent for the index. In addition, the strategy topped the performance of the index 55 percent of the time.

(Dow triggers golden cross link: https://tmsnrt.rs/2HvPWNE).

As a result, Stovall thinks the strategy could be feasible for an investor depending on what their goal is.

“In many ways (technical analysis) is an interpretive science. I think it is a good one, but not everybody interprets the pattern the same way,” he said.

(Reporting by Chuck Mikolajczak; Editing by Alden Bentley and Phil Berlowitz)

Source: OANN

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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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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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