Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Mosque shooter a white nationalist seeking revenge

The gunman behind at least one of the mosque shootings in New Zealand that left 49 people dead on Friday tried to make a few things clear in the manifesto he left behind: He is a 28-year-old Australian white nationalist who hates immigrants. He was set off by attacks in Europe that were perpetrated by Muslims. He wanted revenge, and he wanted to create fear.

He also, quite clearly, wanted attention.

Though he claimed not to covet fame, the gunman — whose name was not immediately released by police — left behind a 74-page document posted on social media under the name Brenton Tarrant in which he said he hoped to survive the attack to better spread his ideas in the media.

And though he portrayed himself in his writings as quiet and introverted, he livestreamed to the world his assault on the worshippers at Christchurch's Al Noor Mosque.

That attack killed at least 41 people, while an assault on a second mosque in the city not long after killed several more. Police did not say whether the same person was responsible for both shootings.

While his manifesto and video were an obvious and contemptuous ploy for infamy, they do contain important clues for a public trying to understand why anyone would target dozens of innocent people who were simply spending an afternoon engaged in prayer.

There could be no more perplexing a setting for a mass slaughter than New Zealand, a nation so placid and so isolated from the mass shootings that plague the U.S. that even police officers rarely carry guns.

Yet the gunman himself highlighted New Zealand's remoteness as a reason he chose it. He wrote that an attack in New Zealand would show that no place on earth was safe and that even a country as far away as New Zealand is subject to mass immigration.

He said he grew up in a working-class Australian family, had a typical childhood and was a poor student. A woman who said she was a colleague of his when he worked as a personal trainer in the Australian city of Grafton said she was shocked by the allegations against him.

"I can't ... believe that somebody I've probably had daily dealings with and had shared conversations and interacted with would be able of something to this extreme," Tracey Gray told the Australian Broadcasting Corp.

Beyond his white nationalistic ideals, he also considers himself an environmentalist and a fascist who believes China is the nation that most aligns with his political and social values. He has contempt for the wealthiest 1 percent. And he singled out American conservative commentator Candace Owens as the person who had influenced him the most.

In a tweet, Owens responded by saying that if the media portrayed her as the inspiration for the attack, it had better hire lawyers.

Throughout the manifesto, the theme he returns to most often is conflict between people of European descent and Muslims, often framing it in terms of the Crusades.

He wrote that the episode that pushed him toward violence took place in 2017 while he was touring through Western Europe. That was when an Uzbek man drove a truck into a crowd of people in Stockholm, killing five. The Australian was particularly enraged by the death of an 11-year-old Swedish girl in the attack.

He said his desire for violence grew when he arrived in France, where he became enraged by the sight of immigrants in the cities and towns he visited.

And so he began to plot his attack. Three months ago, he started planning to target Christchurch. He claimed not to be a direct member of any organization or group, though he said he has donated to many nationalist groups. He also claimed he contacted an anti-immigration group called the reborn Knights Templar and got the blessing of Anders Breivik for the attack.

Breivik is a right-wing Norwegian extremist who killed 77 people in Oslo and a nearby island in 2011. Breivik's lawyer Oeystein Storrvik told Norway's VG newspaper that his client, who is in prison, has "very limited contacts with the surrounding world, so it seems very unlikely that he has had contact" with the New Zealand gunman.

The gunman had a long wish list for what he hoped the attack would achieve. He hoped it would reduce immigration by intimidating immigrants. He hoped to drive a wedge between NATO and the Turkish people. He hoped to further polarize and destabilize the West. And he hoped to create more conflict over gun laws in the U.S., thus leading to a civil war that would ultimately result in a separation of races.

Though he claimed not to be a Nazi, in the video he livestreamed of the shooting the number 14 is seen on his rifle. That may be a reference to the "14 Words," a white supremacist slogan attributed in part to Adolf Hitler's "Mein Kampf," according to the Southern Poverty Law Center. He also used the symbol of the Schwarze Sonne, or black sun, which "has become synonymous with myriad far-right groups who traffic in neo-Nazi," according to the center.

His victims, he wrote, were chosen because he saw them as invaders who would replace the white race. He predicted he would feel no remorse for their deaths. And in the video he livestreamed of his shooting, no remorse can be seen or heard. Instead, he simply says: "Let's get this party started."

Then he picks up his gun, storms into the mosque, and cuts down one innocent life after another.

When it is over, he climbs back into his car, where he has left his music playing — the song "Fire" by the English rock band The Crazy World of Arthur Brown. And right after the singer bellows, "I am the god of hellfire!" the gunman drives away.

Source: Fox News World

0 0

Lori Loughlin expected to surrender Wednesday to face college bribery scandal charges: report

Actress Lori Loughlin was expected to surrender Wednesday to face charges in connection with a sweeping college admissions bribery scandal involving wealthy individuals and celebrities who allegedly paid millions and carried out fraud to place their children in elite universities.

Federal law enforcement officials went to Loughlin’s home in Los Angeles on Tuesday, but she was working in Vancouver, Canada, according to TMZ. She faces charges of conspiracy to commit mail fraud and honest services mail fraud, according to a criminal complaint.

WHAT SCANDAL? LORI LOUGHLIN NEVER MENTIONED AS JIMMY KIMMEL INTERVIEWS ‘FULL HOUSE’ CO-STAR BOB SAGET

Her husband, fashion designer Mossimo Giannulli, was arrested on the same charges and posted bail Tuesday. Some reports initially said Loughlin was also in court, but later accounts said her husband was alone.

Actress Felicity Huffman -- an Academy Award nominee -- was also arrested at her home Tuesday for her alleged involvement in the scheme. She appeared in a Los Angeles federal court before posting $250,000 bail and surrendering her passport.

Loughlin has made arrangements to surrender when she returns to Los Angeles, TMZ, the celebrity news site, reported.

Loughlin and Giannulli are accused of agreeing to pay $500,000 in bribes to have their two daughters designated as recruits for the University of Southern California crew team despite that fact that neither child participated in the sport.

CLICK HERE TO GET THE FOX NEWS APP

More than four dozen people are charged in the nationwide scam, which is alleged to have placed students in top-tier schools like Yale, Georgetown, Stanford, the University of Southern California, UCLA and the University of Texas. A federal investigation into the matter -- dubbed "Operation Varsity Blues" - has been ongoing for more than a year.

Loughlin is best known for her role as "Aunt Becky" on "Full House," a comedy series that ran from 1987 to 1995 and was recently revived as "Fuller House."

Source: Fox News National

0 0

Florida man causes $500G in damage at village hall, smeared blood on American flag, cops say

A homeless Florida man last week allegedly broke into a village hall, caused $500,000 in damage and smeared blood all over the walls and on an American flag, police said.

Holdson Marcelin, 38, was charged with burglary, criminal mischief and causing property damage at Palmetto Bay Village Hall on April 3, according to an arrest report.

FLORIDA HOUSING AGENCY PAID $3,650 TO TEACH EMBATTLED BOSS TO BE NICE, STOP BEING ABUSIVE TO STAFF

Marcelin smashed the entrance of the hall with a garbage can, then destroyed several items in the lobby and pushed over office equipment, WPLG-TV reported. Surveillance video appeared to show Marcelin cutting himself and smearing blood on the walls and an American flag.

Marcelin reportedly asked officers if they saw what he did to the flag.

He was jailed without bond.

Marcelin had a previous run-in with police in 2017 when he was charged with a felony count of criminal damage for allegedly causing more than $10,000 in damage at Trump Tower restaurant in Chicago, according to the Chicago Tribune.

CLICK HERE TO GET THE FOX NEWS APP

Marcelin was reportedly seen pouring wine on chairs and tables of the restaurant.

Source: Fox News National

0 0

Tourist mecca Notre Dame also revered as place of worship

The soaring beauty of Paris' Notre Dame Cathedral as it echoed with Gregorian chants so moved French poet Paul Claudel on Christmas Day 1886 that the avowed atheist converted to Catholicism on the spot.

"In an instant, my heart was touched and I believed," Claudel, who remained a committed Catholic until his death nearly seven decades later, wrote of the religious transformation that is commemorated with a plaque on the floor.

While the imposing Gothic cathedral has become a tourist mecca, Notre Dame remains at its heart a place of worship, a powerful expression of religious reverence crafted from stone. A regular evening Mass was in progress when a fire broke near the top of the landmark church, and worshippers were evacuated quickly.

The global reaction to images of flames chewing through the roof, up the spire that pointed to heaven before the blaze brought it down, and threatening the entire cathedral made clear Notre Dame was bigger than any one faith still touched the faithless.

Pope Francis and other religious leaders commented on this quality of transcendent universality while offering prayers and technical expertise to help rebuild.

That a cathedral Francis called the "artistic and spiritual patrimony of humanity" went up in flames during Holy Week, the solemn days before Easter when Christians commemorate the death and resurrection of Jesus Christ, intensified the sense of loss and devastation.

Some commentators, particularly figures from the religious right, saw the fire-ravaged structure that represented the height of French Catholicism as a metaphor for the demise of the Catholic Church in Europe, where secular trends long ago emptied pews and drained the priesthood of fresh vocations.

But the outpouring of grief and determined vows to bring Notre Dame back to life seemed to signal that for all the talk of a Catholic crisis in Europe, the French, at least, still see in Notre Dame the essence of themselves.

In a condolence note to Paris Archbishop Michel Aupetit, Francis called the church the "architectural gem of a collective memory." He said he prayed it would retake its place as an emblem of the French nation and its diversity.

Notre Dame draws 13 million people across its portals each year, a significant share of them tourists coming to admire the building's vaulted ceilings, flying buttresses and stained-glass windows. Many visitors also come to worship.

There are four Masses every day except Sunday, when there are five. The Sunday evening service is usually celebrated by the Paris archbishop and broadcast on Catholic television and Radio Notre Dame, reaching the faithful beyond the stone walls.

"Even though it belongs to the French state, it remains a living creature where they celebrate the liturgy, where they have meetings of faith and where even non-believers enter to have an experience of beauty," the Vatican's culture minister, Cardinal Gianfranco Ravasi, said.

But Ravasi also stressed that many of Christianity's holiest sites are in constant evolution. While Notre Dame "has a secret spiritual dimension" that makes it a place "where even a non-believer senses the transcendent," the spire that collapsed during the fire only dated from the 1800s, he said.

Representatives of religions outside Catholicism made clear the cathedral burning in the center of Paris carried significance for them, too.

An official of the Russian Orthodox Church quoted by state news agency RIA Novosti called the blaze "a tragedy for the entire Christian world, and for all who appreciate the cultural significance of this temple."

The church's secretary for inter-Christian relations, Hieromonk Stefan, also had concern for the safety of Notre Dame's most precious relic, venerated as the Crown of Thorns worn by Jesus Christ. Stefan called it "a sacred object for all Christians."

The Church of England's director of cathedrals and church buildings, Becky Clark, stressed that "no matter the destruction, the spirit of what it means to be a cathedral can and does survive such catastrophes."

She cited historic precedence in England: The spire of Lincoln Cathedral that collapsed in the 1500s. St. Paul's Cathedral was destroyed by the Great Fire of London in 1666. Coventry Cathedral was destroyed by German bombs in 1940.

"All have been rebuilt, sometimes taking on new forms, to stand as reminders of eternity and resurrection which are the foundation of the Christian faith," she said.

___

Barry reported from Milan.

___

Full AP coverage at https://apnews.com/NotreDameCathedral

Source: Fox News World

0 0

Western diplomats deny Thai accusation of protocol breach

Western diplomatic missions have responded to charges from Thailand's foreign ministry that they violated protocol by observing a Thai politician being charged by police with sedition, calling the action standard diplomatic practice.

They were responding Wednesday to Foreign Minister Don Pramudwinai, who said foreign countries are barred from closely observing such internal procedures "not only by etiquette, but also by rules and regulations that the whole world abides by."

Thirteen foreign diplomats were present Saturday at a Bangkok police station where Thanathorn Juangroongruangkit, leader of a popular new political party, acknowledged charges of sedition and other crimes. Thanathorn says the charges are politically motivated.

Thanathorn's Future Forward Party ran a strong third in last month's general election and positions itself as being opposed to political interference by Thailand's powerful military.

Source: Fox News World

0 0

Phoned-in threat to Rep. Ilhan Omar results in arrest of NY state man, 55, authorities say

New York state man has been charged with threatening to kill Rep. Ilhan Omar, D-Minn., during a phone call to the freshman congresswoman’s office in Washington last month.

Patrick W. Carlineo, Jr., 55, of Addison, N.Y., allegedly made the expletive-laced phone threat March 21, telling one of Omar's staffers they were working for a “terrorist," a release from the U.S. Attorney’s office said Friday.

REP. ILHAN OMAR'S STAFFER CALLS ANTI-SEMITISM A 'RIGHT-WING FORCE' DESPITE DEM BEING ACCUSED OF BIGOTRY

“Do you work for the Muslim Brotherhood? Why are you working for her, she’s a (expletive) terrorist. I’ll put a bullet in her (expletive) skull,” an angry Carlineo said, according to the release.

While he allegedly railed against Omar, a Somali-American and one of two Muslim women in Congress, Carlineo gave the staffer his name and contact information. Omar’s office then alerted Capitol Police, who launched an investigation with the FBI, the release said.

Carlineo told the FBI that he is a patriot, "loves the president and that he hates radical Muslims in our government," according to a criminal complaint.

PELOSI, IN VEILED SWIPE AT OMAR, SAYS ANTI-SEMITISM IS 'UN-AMERICAN'

The 55-year-old was arrested and charged with threatening to assault and murder a United States official. If convicted, he could face a maximum penalty of 10 years in prison, a $250,000 fine, or both.

His defense attorney declined to comment Friday.

CLICK HERE TO GET THE FOX NEWS APP

Omar has been the center of a firestorm that began earlier this year over her controversial comments that have been widely criticized as anti-Semitic. She recently reignited the controversy, saying groups supportive of Israel were pushing members of Congress to have “allegiance to a foreign country,” echoing the anti-Semitic trope of dual loyalty.

The congresswoman later apologized, saying "anti-Semitism is real and I am grateful for Jewish allies and colleagues who are educating me on the painful history of anti-Semitic tropes."

The Associated Press contributed to this report.

Source: Fox News Politics

0 0

No majority in British parliament for second Brexit referendum: Reuters analysis

FILE PHOTO: British and EU flags flutter outside the Houses of Parliament in London
FILE PHOTO: British and EU flags flutter outside the Houses of Parliament in London, Britain January 30, 2019. REUTERS/Toby Melville/File Photo

March 11, 2019

By Kylie MacLellan

LONDON (Reuters) – There is no majority in Britain’s parliament in favor of holding a second Brexit referendum, according to a Reuters analysis of public comments made by lawmakers.

Britain is due to leave the European Union at the end of this month, and with parliament yet to approve Prime Minister Theresa May’s exit deal, calls for a second referendum to break the deadlock, often dubbed a ‘people’s vote’, have intensified.

Last month, the opposition Labour Party broke new ground for one of the major parties by saying it would support a new referendum on May’s deal after parliament defeated its alternative Brexit plan.

Labour’s position could face its first test on Tuesday when May’s deal is brought back to parliament. Labour indicated on Sunday it would not put forward its own proposal for a second referendum at that time, but other lawmakers could force a vote on the issue.

While a majority of lawmakers voted to remain in the bloc in the 2016 referendum, a Reuters analysis of public comments found that only 219 have expressed a willingness to support another vote, and a further 65 have not made their views known.

This is well short of the 318 votes needed to guarantee approval of the amendment if there are no absences or abstentions.

A referendum would need to be approved by parliament and May has ruled out proposing one, saying it would deepen already ugly divisions over Britain’s biggest decision since World War Two and betray the 52 percent – 17.4 million people – who voted to leave the EU.

POLITICAL STATEMENT

While Tuesday’s votes on amendments are not binding on the government, they would be politically hard to ignore.

Those in favor of a new referendum include many Labour lawmakers, seven of May’s Conservatives, the newly formed Independent Group and the pro-EU Liberal Democrats. The Westminster leader of the Scottish National Party has also backed the idea of another vote, although at least one of his lawmakers has voiced concern.

In contrast, 245 lawmakers openly oppose the idea, 15 are deeply skeptical and a further 94 government ministers and whips, or parliamentary enforcers, would be required to vote in line with the government’s position against another referendum.

So far, 24 of Labour’s 245 lawmakers have said publicly they do not support another referendum, while a further 13, many of whom represent areas that voted strongly in favor of leaving the EU, have expressed reservations.

“I will not, shall not and cannot vote for a second referendum, regardless of how much lipstick is put on it and what it is called,” Labour lawmaker Gareth Snell told parliament after his party announced its backing for another vote.

“That is a distraction from the main purpose of our job, which is to find a deal.”

Labour lawmaker Caroline Flint has said as many as 60 or 70 of her colleagues oppose a referendum.

It is unclear what conditions Labour might attach to supporting a second referendum, and there is disagreement within the party over whether any referendum should include an option to remain in the EU.

Labour leader Jeremy Corbyn, who voted against joining the EU in 1975, has said his party would support a referendum to “prevent a damaging Tory (Conservative) Brexit or disastrous ‘no deal'” – leaving open the possibility that it would back a different deal without a popular vote.

BRITAIN STILL DIVIDED

Some lawmakers may yet change their minds, particularly if any referendum was a confirmatory vote on whether to back May’s deal, much as Corbyn suggests, rather than a re-run of the 2016 vote. But the numbers suggest it is likely to have difficulty getting through parliament.

Opinion polls indicate Britons are still deeply divided over Brexit. While most voters would stick to their 2016 choice, some surveys have shown a swing towards remaining in the EU.

A YouGov poll last month found that, when asked to choose between accepting May’s deal and having another referendum, 51 percent favored a fresh vote and 49 percent – the deal.

Lawmakers across parties cite worries about prolonging uncertainty and increasing division as reasons for opposing a vote, while the most common argument is that it would be undemocratic to seek to overturn the result of a vote in which more than 30 million people took part.

But pro-referendum campaigners say voters did not know what kind of Brexit was available when they were offered a binary choice between “Remain” and “Leave” in the 2016 referendum.

“Now we know what Brexit looks like, now we know the cost, and now we know how badly Brexit compares to our current deal in the EU, the only way forward is to put it to the people,” said Labour lawmaker and People’s Vote campaigner David Lammy.

(Additional reporting by Elizabeth Piper and William James; Editing by Kevin Liffey)

Source: OANN

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist