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UK man who fled to Georgia after speedboat death returns to Britain

Shepherd, who went on the run last year after killing a woman in a speedboat crash on the River Thames, is escorted during his extradition from Georgia in Tbilisi
Jack Shepherd, who went on the run last year after killing a woman in a speedboat crash on the River Thames, is escorted during his extradition in Tbilisi, Georgia April 10, 2019. The Ministry of Internal Affairs of Georgia/Handout via REUTERS

April 10, 2019

LONDON (Reuters) – A British man who went on the run last year after killing a woman in a speedboat crash on the River Thames has returned to Britain after being extradited from the former Soviet state of Georgia, UK prosecutors said on Wednesday.

Jack Shepherd, 31, was convicted in his absence last July of the manslaughter by gross negligence of Charlotte Brown, 24, and sentenced to six years in jail.

He will appear in court in London on Thursday to be sentenced in person for the death of Brown.

“Jack Shepherd has returned to the UK to face justice,” Angela Deal, head of extradition at the Crown Prosecution Service, said.

“He will first appear at the Old Bailey to be sentenced for the gross negligence manslaughter conviction in connection with the death of Charlotte Brown, and then at a later date in the south west over the grievous bodily harm charge.”

After months on the run, Shepherd turned himself in to police in Georgia earlier this year, telling a court he was agreeing to extradition so he could take part in an appeal process.

Shepherd took Brown for a ride on a speedboat in December, 2015 during a first date.

Shortly before midnight, the boat hit floating debris and both were thrown into the water. Shepherd was found clinging to the hull but Brown was pulled from the water unconscious and died from cold water immersion.

Prosecutors said Shepherd was drunk and that neither he nor Brown was wearing a life-jacket.

(Reporting by Alistair Smout; Editing by Alistair Bell)

Source: OANN

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The week in pictures, Mar. 16 – Mar. 22

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/03/918/516/14_AP19079605606594.jpg?ve=1&tl=1

French bulldogs Violet, age 3, left, and Moxie, age 6 1/2 months pose for photos at the Museum of the Dog, in New York, March 20, 2019. 

AP Photo/Richard Drew

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/03/918/516/14_AP19079605606594.jpg?ve=1&tl=1

Source: Fox News World

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GM extends production at Detroit factory until early 2020

GM Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan
General Motors Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan, U.S. November 26, 2018. REUTERS/Rebecca Cook

February 22, 2019

(Reuters) – General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.

The No.1 U.S. automaker is revamping its operations, which include plant closures and thousands of job cuts, as it looks to boost profitability in the wake of declining U.S. auto sales.

The Hamtramck plant will continue to produce the Chevrolet Impala and Cadillac CT6 sedans until early next year, the company said.

“We are balancing production timing while continuing the availability of Cadillac advanced technology features currently included in the CT6-V – the Blackwing Twin-Turbo V-8 (engine) and Super Cruise (driver assistance system),” GM said.

The plant has already discontinued production of the Buick LaCrosse sedan and Chevrolet Volt electric hybrid car.

Detroit-based union United Auto Workers’ President Gary Jones said GM’s decision to continue production at the plant was a relief for the workers as well as their families.

“We commend GM for today’s decision and we reiterate the importance of a collective bargaining process in times like these,” Jones said.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Crackdown: More ISIS Brides Stripped of Citizenship

The debates over how the UK should treat so-called “cubs of the caliphate” and their mothers, who fled to Syria to marry ISIS fighters but want to return back to Europe as the jihadists were curbed, has flared up over the case of one of such women – Londoner Shamima Begum who had her citizenship revoked.

Two more ISIS wives from the UK, sisters Reema (30) and Zara (28) Iqbal have had their passports revoked since marrying jihadists linked to murdering western hostages, The Sunday Times reports, citing legal sources. According to the outlet the young women are in separate camps Syria, where they fled after ISIS were curbed and squeezed from the occupied territories.

The Iqbals, whose parents are reportedly originally from Pakistan, left London for Syria in 2013 after they married suspected jihadists, who were linked the murder of western hostages, who were butchered on camera. The women have five boys, aged not older than 8, between them. The younger sister gave birth to two children in Syria, where she traveled already heavily pregnant with her second boy, while her older sister gave birth to children both in the UK and Syria.


Paul Joseph Watson urges Westerners not to make the same mistake again.

As the BBC reports, the Home Office refused to comment on individual cases, adding that decisions to strip citizenships were “evidence-based and not taken lightly.”

The news comes hot on the heels of the latest development in the case of 19-year-old Shamima Begum from London, whose story put Home Secretary Sajid Javid on the hot seat following media reports about the death of her baby son. Upon hearing the news, UK Shadow Home Secretary Diane Abbott slammed Sajid Javid for behaving “shamefully”, saying that he was responsible for the boy’s death.

(Photo by Scott Bobb / Wikimedia Commons)

The minister has not provided any comment since the boy’s death, he said prior to this news that he felt “nothing but sympathy” for “perfectly innocent” children born in the war zone.

Begum, currently staying at a refugee camp in Syria, has voiced a desire to come back to the United Kingdom, but the Home Office has been unwilling to authorise her return. The Home Office was ready to accept the boy while she was deprived of her citizenship, but the young woman did not want to be separated from her son until his death from pneumonia just three weeks after he was born.

Shamima Begum, who joined the ISIS terror group in Syria back in 2015, when she was aged 15. Her newborn son died of pneumonia, less than three weeks after his birth. Begum has previously lost two children. Her husband, a Dutch ISIS fighter called Yago Riedijk, is currently in a prison in Syria.


David Knight reminds the celebrators of International Women’s Day not to forget about Asia Bibi, a Christian woman in Pakistan who has been imprisoned for drinking from the community well water, which is blasphemy according to the majority Muslim people of her country.

Source: InfoWars

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U.S. judge issues injunction against Trump asylum policy

FILE PHOTO: Neilsen and McAleenan listen to Trump at border security tour in California
FILE PHOTO: Homeland Security Secretary Kirstjen Nielsen and commissioner for Customs and Border Patrol Kevin McAleenan listen to U.S. President Donald Trump speak during a visit to a section of border wall in Calexico California, U.S., April 5, 2019. Picture taken April 5, 2019. REUTERS/Kevin Lamarque

April 8, 2019

(Reuters) – A U.S. judge on Monday issued an injunction halting the Trump administration’s policy of sending some asylum seekers back across the southern border to wait out their cases in Mexico.

The ruling is slated to take effect on Friday, according to the order by U.S. District Judge Richard Seeborg in San Francisco.

(Reporting by Tom Hals in Wilmington, Delaware; Editing by Leslie Adler)

Source: OANN

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Correction: Ethiopia-Plane Crash story

In a story March 11 about the crash of an Ethiopian Airlines jet, The Associated Press reported erroneously that China grounded its models of the same plane for nine hours. China's aviation authority ordered its airlines to ground their Boeing 737 8 MAX jets within nine hours.

A corrected version of the story is below:

Ethiopian Airlines crash kills 157, spreads global grief

An Ethiopian Airlines jet has crashed after takeoff, carving a gash in the earth and spreading global grief for the 157 people who were killed

By ELIAS MESERET and YIDNEK KIRUBEL

Associated Press

ADDIS ABABA, Ethiopia (AP) — An Ethiopian Airlines jet faltered and crashed Sunday shortly after takeoff, carving a gash in the earth and spreading global grief to 35 countries that had someone among the 157 people who were killed.

There was no immediate indication why the plane went down in clear weather while on a flight to Nairobi, the capital of neighboring Kenya. The crash was strikingly similar to that of a Lion Air jet in Indonesian seas last year, killing 189 people. Both accidents involved the Boeing 737 Max 8, and China ordered a temporarily grounding of those planes for Chinese airlines Monday.

The crash shattered more than two years of relative calm in African skies, where travel had long been chaotic. It also was a serious blow to state-owned Ethiopian Airlines, which has expanded to become the continent's largest and best-managed carrier and turned Addis Ababa into the gateway to Africa.

"Ethiopian Airlines is one of the safest airlines in the world. At this stage we cannot rule out anything," CEO Tewolde Gebremariam told reporters. He visited the crash site, standing in the gaping crater flecked with debris.

Black body bags were spread out nearby while Red Cross and other workers looked for remains. As the sun set, the airline's chief operating officer said the plane's flight data recorder had not yet been found.

Around the world, families were gripped by grief. At the Addis Ababa airport, a woman called a mobile number in vain. "Where are you, my son?" she said, in tears. Others cried as they approached the terminal.

Henom Esayas, whose sister's Nigerian husband was killed, told The Associated Press they were startled when a stranger picked up their frantic calls to his mobile phone, told them he had found it in the debris and promptly switched it off.

Shocked leaders of the United Nations, the U.N. refugee agency and the World Food Program announced that colleagues had been on the plane. The U.N. migration agency estimated some 19 U.N.-affiliated employees were killed. Both Addis Ababa and Nairobi are major hubs for humanitarian workers, and many people were on their way to a large U.N. environmental conference set to begin Monday in Nairobi.

The Addis Ababa-Nairobi route links East Africa's two largest economic powers. Sunburned travelers and tour groups crowd the Addis Ababa airport's waiting areas, along with businessmen from China, Gulf nations and elsewhere.

A list of the dead released by Ethiopian Airlines included passengers from China, the United States, Saudi Arabia, Nepal, Israel, India and Somalia. Kenya lost 32 citizens. Canada, 18. Several countries including the United States lost four or more people.

Ethiopian officials declared Monday a day of mourning.

At the Nairobi airport, hopes quickly dimmed for loved ones. "I just pray that he is safe or he was not on it," said Agnes Muilu, who had come to pick up her brother.

The crash is likely to renew questions about the 737 Max, the newest version of Boeing's popular single-aisle airliner, which was first introduced in 1967 and has become the world's most common passenger jet.

China's civil aviation authority on Monday ordered Chinese airlines to ground their 737 Max 8 aircraft for safety reasons and said it would consult with Boeing and others further.

Indonesian investigators have not determined a cause for the October crash, but days after the accident Boeing sent a notice to airlines that faulty information from a sensor could cause the plane to automatically point the nose down.

The Lion Air cockpit data recorder showed that the jet's airspeed indicator had malfunctioned on its last four flights, though the airline initially said problems had been fixed.

Safety experts cautioned against drawing too many comparisons between the two crashes until more is known about Sunday's disaster.

The Ethiopian Airlines CEO "stated there were no defects prior to the flight, so it is hard to see any parallels with the Lion Air crash yet," said Harro Ranter, founder of the Aviation Safety Network, which compiles information about accidents worldwide.

The Ethiopian plane was new, delivered to the airline in November. The Boeing 737 Max 8 was one of 30 meant for the airline, Boeing said in July. The jet's last maintenance was on Feb. 4, and it had flown just 1,200 hours.

The plane crashed six minutes after departure, plowing into the ground at Hejere near Bishoftu, or Debre Zeit, some 50 kilometers (31 miles) outside Addis Ababa, at 8:44 a.m.

The jet showed unstable vertical speed after takeoff, air traffic monitor Flightradar 24 said. The senior Ethiopian pilot, who joined the airline in 2010, sent out a distress call and was given clearance to return to the airport, the airline's CEO told reporters.

In the U.S., the Federal Aviation Administration said it would join the National Transportation Safety Board in assisting Ethiopian authorities with the crash investigation. Boeing planned to send a technical team to Ethiopia.

The last deadly crash of an Ethiopian Airlines passenger flight was in 2010, when a plane went down minutes after takeoff from Beirut, killing all 90 people on board.

African air travel has improved in recent years, with the International Air Transport Association in November noting "two years free of any fatalities on any aircraft type."

Sunday's crash comes as the country's reformist young prime minister, Abiy Ahmed, has vowed to open up the airline and other sectors to foreign investment in a major transformation of the state-centered economy.

Speaking at the inauguration in January of a new passenger terminal in Addis Ababa to triple capacity, the prime minister challenged the airline to build a new "Airport City" terminal in Bishoftu — where Sunday's crash occurred.

___

Yidnek Kirubel reported from Bishoftu, Ethiopia.

___

Follow Africa news at https://twitter.com/AP_Africa

Source: Fox News World

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Earnings deluge could make or break sentiment

A chart is displayed behind a trader on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York
FILE PHOTO - A chart is displayed behind a trader on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., March 26, 2019. REUTERS/Lucas Jackson

April 18, 2019

By Chuck Mikolajczak

NEW YORK (Reuters) – Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies.

A wide swath of S&P 500 sectors are scheduled to report next week, with 155 companies representing over $9 trillion in market capitalization in the queue, more than 35 percent of the total for the index.

Heavy hitters Facebook and Amazon are due to report as well as a dozen Dow components such as United Technologies, Coca-Cola, Microsoft and Exxon Mobil.

“The focus is going to continue to be on earnings and what the message is and so far the message hasn’t been that great,” said Ken Polcari, managing principal at Butcher Joseph Asset Management in New York.

“If they continue to be what they are, these kind of lackluster reports, the market is going to get exhausted and it is going to back off. It is going to be an important week just for direction.”

Refinitiv data shows analysts expect the first year-over-year earnings decline since 2016. As of Thursday morning, they see profits declining 1.7%.

Rapidly sliding expectations for second-quarter profit growth have sparked concerns about an earnings recession. Right now estimates are for growth of 2.1% in the second quarter, down from the 6.5% increase at the start of the year and 9.2% on Oct 1.

“That is the big question hanging over this thing, is this really an earnings recession?” said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.

Forrest said that while some companies have been able to hold the line on earnings due to their ability to control costs, investors would rather see earnings growing on consumer strength.

Refinitiv data show 77 S&P 500 companies have reported, with 77.9% topping expectations, compared to the 65% beat rate since 1994 and the 76% over the past four quarters.

But in a recent note to clients, Morgan Stanley U.S. equity strategist Michael Wilson said that while companies are likely to beat “the significantly lowered bar” for the first quarter, they believe it won’t be the trough for the year.

Wilson noted with the S&P 500 now near the top of their valuation range with a forward price-to-earnings ratio of 16.8, there is not much upside remaining without a resurgence in growth that the market currently anticipates.

(Graphic: S&P forward PE ratio – https://tmsnrt.rs/2VPXmOV)

That return to growth has also been cast into doubt by the less than enthusiastic picture being painted by corporate outlooks. The current ratio of negative to positive preannouncements stands at 2.7, well above the 1.5 average over the past four quarters but in line with the long-term average dating to 1997.

And while that number is elevated over the past year, some view last year’s results as being positively affected by tax reform and at a level that is unsustainable this year.

“It is just a return to the normal, what we are used to seeing, in this quarter,” said Lindsey Bell, investment strategist at CFRA Research in New York.

Should results next week push earnings season further towards an earnings recession, that may still not derail the market, which was able to recover from the last one in 2016 that was fueled in part by worries about a China slowdown.

“Even if we were to get an earnings recession, to me that is not the end of the world, because comparisons are so strong from the year before and we’ve been through earnings recessions before and recovered,” said David Joy, chief market strategist at Ameriprise Financial in Boston.

“We came out of that once we all got comfortable with the idea China’s economy was growing once again and we are sort of in a similar situation this time around

(Reporting by Chuck Mikolajczak; Editing by Alden Bentley and Cynthia Osterman)

Source: OANN

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

April 26, 2019

By Ryan Woo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEED FOR CASH

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STATE COMPETITION

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

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

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

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

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

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

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

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

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

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

Source: OANN

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

April 26, 2019

By Patricia Weiss and Ludwig Burger

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

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

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

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

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

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

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

Bayer is appealing or plans to appeal the verdicts.

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

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

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

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

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

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

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

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

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

Source: OANN

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

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

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

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

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

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

Source: Fox News World

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

April 26, 2019

By Charlotte Greenfield

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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

April 26, 2019

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

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

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

(Reporting by Muvija M in Bengaluru)

Source: OANN

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