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Georgia officers fatally shot man who had an airsoft gun

Authorities say seven police officers in Georgia shot and killed a man who charged at them with what they later learned was an airsoft gun.

Athens-Clarke County Police said they were called to a home Friday night about and armed man.

Police said the officers demanded 34-year-old Thomas Swinford drop the gun, but instead he ran toward them, pointing the gun their direction.

Police said in a news release seven officers fired at Swinford, who died a short time later at the hospital. Authorities say Swinford had an airsoft gun. Airsoft guns often look like real guns but fire plastic BB-like projectiles.

The Georgia Bureau of Investigation has taken over the shooting probe.

Source: Fox News National

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Google Cloud hires another Oracle veteran for top role

FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay

March 11, 2019

By Paresh Dave

SAN FRANCISCO (Reuters) – Alphabet Inc’s Google Cloud has hired Amit Zavery to lead one of its engineering teams, a company spokeswoman confirmed on Monday, making him the highest-ranking Oracle executive to reunite with former Oracle President Thomas Kurian since he became Google Cloud’s chief executive.

Zavery left last week as executive vice president for Oracle cloud platform. He started on Monday as a Google Cloud vice president of engineering and will lead the Apigee team, the spokeswoman said.

Oracle Corp declined to comment.

Zavery worked at Oracle for about 24 years, starting as a software engineer and most recently looking over a portfolio of application development tools for cloud computing customers. Some analysts estimate that the portfolio, combined with fees from hosting data on the cloud, will generate $2.1 billion in revenue for Oracle during its fiscal 2019.

Google gained some similar tools through its $625 million acquisition of Apigee in 2016. Apigee Chief Executive Chet Kapoor, who became a vice president at Google, is remaining with the company, the spokeswoman said.

Zavery will help Google add to its tools platform, which helps businesses develop applications for their workers or customers.

Kurian last month said Google Cloud would focus on trying to win business from the biggest companies in a handful of industries by offering them a wider variety of specialized services. Google is a distant No. 3 to Amazon.com Inc and Microsoft Corp in selling cloud storage and services.

Kurian spent 22 years at Oracle before leaving last year and joining Google shortly after.

(Reporting by Paresh Dave; Editing by Lisa Shumaker)

Source: OANN

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Exclusive: Israel’s chip sales to China jump as Intel expands

FILE PHOTO: Intel logo is seen behind LED lights in this illustration
FILE PHOTO: Intel logo is seen behind LED lights in this illustration taken January 5, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

March 19, 2019

By Tova Cohen and Steven Scheer

TEL AVIV (Reuters) – Israel’s exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel’s Kiryat Gat plant.

An official at the Israel Export Institute told Reuters that new data showed semiconductor exports to China jumped 80 percent last year to $2.6 billion. An industry source told Reuters that Intel Israel accounted for at least 80 percent of those sales.

The data will be welcome news for the Israeli government as it pushes for deeper ties with China and because semiconductors accounted for $3.9 billion of overall goods exports in 2018, according to the institute, a government agency.

The two countries have started negotiating a trade deal and technology is expected to be a major part of the discussions. Overall exports of Israeli goods to China, excluding diamonds, rose 50 percent to $4.7 billion, statistics.

Intel announced a $5 billion investment to expand capacity in its Kiryat Gat plant in southern Israel in 2017, which makes some of the smallest and fastest chips in the world.

That year it also bought Israeli auto-focused chip and technology firm Mobileye for $15 billion. It said this year it would invest $11 billion in a new Israeli plant.

A spokesman for Intel said the firm exported $3.9 billion worth of goods from Israel last year, up from $3.6 billion in 2017. He declined to give further details of Intel’s operations in Israel.

Chinese officials have said they are looking to develop a domestic chip market because Chinese companies import $270 billion of semiconductors each year. Israel has a reputation for exporting high-end chips.

Israel’s export institute also said sales to China of inspection equipment for semiconductor manufacturing jumped 64 percent to $450 million last year.

That equipment is used to control and inspect manufacturing processes in semiconductor plants and is useful for China as its domestic chip manufacturing increases.

Companies in Israel making such equipment include Orbotech, which was just acquired by fellow semiconductor equipment maker KLA-Tencor of California for about $3.4 billion.

That deal was announced a year ago but was held up by Chinese regulators, who only gave their approval in February.

PIVOT TO ASIA

China is now Israel’s second largest export market for goods after the United States, having overtaken Britain last year.

Sales of semiconductors to the United States slipped 20 percent to $860 million, contributing to a 3 percent drop in goods exports. But at $10.9 billion, overall goods exports still dwarf those to China.

Israel has been pivoting its economy toward Asia in the past few years both because of perceived political hostility in some European countries and the fact that Asian markets are growing rapidly.

In recent years, Chinese-based airlines have started direct flights to Tel Aviv, the two countries signed a visa agreement and are working on the trade deal. Israel is also in talks for free trade agreements with Vietnam and South Korea.

Some analysts in China expect the ties to get stronger due to the tit-for-tat trade war between the United States, a major chip producer, and China.

“Because of the trade war, China and Israel’s cooperation is closer than it has been before,” said Gu Wenjun, chief analyst at ICWise, a semiconductor consultancy in Shanghai.

“Israel has the technology and China has the market – the space for cooperation is big.”

Eyal Waldman, founder and CEO of Israeli chipmaker Mellanox, said his company was benefiting from China’s policies.

“In China they prefer to use Chinese silicon and then after that non-U.S. silicon and only if they don’t have that then U.S. silicon, so we are benefiting from that,” he told Reuters.

“We are seeing better growth in China.”

Mellanox agreed this week to sell itself to California-based chipmaker Nvidia Corp for almost $7 billion. Intel lost the bidding war to Nvidia. Russell Ellwanger, the CEO of another major chip manufacturer TowerJazz, said his company’s growth in China “is very, very strong”.

(Additional reporting by Josh Horwitz in Shanghai and Stephen Nellis in San Francisco; editing by Anna Willard)

Source: OANN

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Sanders' Campaign Workers First Ever to Unionize

Workers on Democratic U.S. presidential candidate Bernie Sanders' campaign have joined a labor union, becoming the first presidential campaign in history to unionize.

United Food and Commercial Workers Local 400 will represent the campaign workers as Sanders, an independent U.S. senator from Vermont, seeks the 2020 Democratic nomination.

Sanders, a progressive who is a staunch supporter of unions, said on Twitter he was "proud that our campaign is the first presidential campaign to unionize."

Mark Federici, president of Local 400, said in a statement he hoped "this breakthrough serves as a model for other presidential campaigns, as well as party committees and candidates for other offices."

Sanders, 77, announced his candidacy in February and will compete in a crowded field of more than a dozen Democratic challengers seeking the nomination to face the likely Republican candidate - President Donald Trump - in the 2020 election.

Sanders, who narrowly lost the 2016 Democratic nomination to Hillary Clinton, has been among the leaders in early opinion polls of prospective 2020 Democratic candidates.

In January, Sanders apologized to women campaign workers who said they had been harassed or mistreated by male campaign staffers during his 2016 White House bid.

A majority of Sanders' campaign workers signed a union card by Friday, triggering the union's recognition, the union said. All campaign employees below the rank of deputy director will be represented by the union, which said the number could grow to more than 1,000 members.

The next step is for the campaign and the union to begin negotiations over a collective bargaining agreement, the union said.

Source: NewsMax Politics

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Spain’s Socialists present climate change strategy ahead of April election

FILE PHOTO: Spain's Energy and Environment Minister Teresa Ribera arrives for a cabinet meeting at the Moncloa Palace in Madrid
FILE PHOTO: Spain's Energy and Environment Minister Teresa Ribera arrives for a cabinet meeting at the Moncloa Palace in Madrid, Spain, July 6, 2018. REUTERS/Juan Medina

February 22, 2019

MADRID (Reuters) – Spain’s government presented a draft proposal on how to tackle climate change on Friday, less than two weeks before parliament is due to be dissolved ahead of a general election that may nix its chances of becoming law.

The package includes a draft law and a national plan all EU countries are required to send to Brussels, as well as a strategy to offset job losses in polluting industries. It aims to make Spain carbon neutral by 2050, Prime Minister Pedro Sanchez said this week.

Under the new law, all new cars would need to be emission-free by 2040, Energy Minister Teresa Ribera said, saying this followed a proposal by the European Union.

The ruling Socialists have emphasized their green ambitions since taking power last summer, promising support for renewable energy generation and passing measures aimed at cooling Europe’s fourth-highest electricity prices.

But the long-promised draft has reached parliament two months before an April 28 snap election that Sanchez was forced to call after a spat with his regional separatist partners.

Presenting the package on Friday, Ribera insisted it was worthwhile to forge ahead.

“This is not pie in the sky,” she told a news conference. “There is no reason for us to delay this debate. I am convinced that whoever (is in government) this will be approved and broadly supported by all Spaniards and political forces.”

Ribera said the obligation for cars to be emission-free did not imply a prohibition of any type of vehicle, but did not explain how such a result would be possible without a ban.

A previous draft of the law which said new petrol, diesel and hybrid cars would not be allowed in Spain from 2040 caused some consternation in the industry.

(Reporting by Isla Binnie and Jose Elias Rodriguez; Editing by Susan Fenton)

Source: OANN

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Macron says French Islamic State detainees should be tried where they face charges

French President Emmanuel Macron meets his Iraqi counterpart Barham Salih in Paris
French President Emmanuel Macron speaks during a news conference at the Elysee Palace in Paris, France, February 25, 2019. Christophe Ena/Pool via REUTERS

February 26, 2019

PARIS (Reuters) – France’s President Emmanuel Macron said on Tuesday that French Islamic state detainees in Iraq and Syria should be tried in the countries where they face charges and that France would ask for potential death penalties to be converted to life sentences.

Two Iraqi military sources told Reuters on Sunday that the U.S.-backed Syrian Democratic Forces handed over French Islamic detainees last week.

Although Macron did not comment on the handover specifically on Tuesday, he said that French citizens arrested in the region were entitled to consular assistance.

“In these instances, we ensure that their right to defend themselves is protected and that, … if they are sentenced to the death penalty, that it be converted to life imprisonment,” Macron said during a debate with mayors in Paris.

“There is, however, no return scheme in place,” he said in a reference to possible repatriations to France of detainees arrested in Iraq or Syria.

(Reporting by Jean-Baptiste Vey; writing by Matthias Blamont ; editing by Sarah White)

Source: OANN

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SPLC Co-founder Fired for Undisclosed Misconduct

The Southern Poverty Law Center announced Thursday it had fired its co-founder, Morris Dees, for undisclosed misconduct.

Dees, 82, co-founded the politically liberal, Montgomery, Alabama-based civil rights organization in 1971 and was its chief litigator. SPLC president Richard Cohen said the dismissal was effective Wednesday, the Montgomery Advertiser reported.

"As a civil rights organization, the SPLC is committed to ensuring that the conduct of our staff reflects the mission of the organization and the values we hope to instill in the world," Cohen said in an emailed statement, the news outlet reported. "When one of our own fails to meet those standards, no matter his or her role in the organization, we take it seriously and must take appropriate action.

"Today we announced a number of immediate, concrete next steps we're taking, including bringing in an outside organization to conduct a comprehensive assessment of our internal climate and workplace practices, to ensure that our talented staff is working in the environment that they deserve – one in which all voices are heard and all staff members are respected."

A 1994 Montgomery Advertiser series showcased Dees as a multimillionaire who wielded almost singular control over the organization and its budget, and who allegedly engaged in discriminatory treatment of black employees. The organization denied the accusations.

Former Gov. Mike Huckabee applauded the ouster, blasting the non-profit as a "sham group" that engaged in "smearing Christian conservatives," and asserting, without elaboration, Dees was dumped for alleged racism.

The SPLC is well known for its tracking of hate groups and its Teaching Tolerance program, NPR noted. 

Source: NewsMax America

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

April 26, 2019

By Ryan Woo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEED FOR CASH

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STATE COMPETITION

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

April 26, 2019

By Patricia Weiss and Ludwig Burger

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

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

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

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

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

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

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

Bayer is appealing or plans to appeal the verdicts.

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

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

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

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

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

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

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

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

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

Source: OANN

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

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

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

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

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

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

Source: Fox News World

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

April 26, 2019

By Charlotte Greenfield

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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

April 26, 2019

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

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

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

(Reporting by Muvija M in Bengaluru)

Source: OANN

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