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Investigative website says French weapons used in Yemen war

An investigative website claims French weapons have potentially been used by Saudi Arabia and the United Arab Emirates in Yemen's war.

Disclose based its report on an October 2018 classified note from France's military intelligence service, saying Monday that French-made weapons including artillery, tanks, ships and fighter-bomber jets "may have been used to commit war crimes."

The Arab military coalition has fought Yemen's Houthi rebels since 2015 in a conflict that has killed tens of thousands of people.

The French government did not immediately respond to an email seeking comment. France previously said its weapons were only used defensively.

Reacting to the report, Amnesty International urged France "to immediately suspend all arms transfers that could be used by any of the warring parties in Yemen - once and for all."

Source: Fox News World

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Five million lost jobs in India between 2016 and 2018: report

The Wider Image: Thousands laid off as India pushes biggest tax reform
FILE PHOTO: A scrap dealer dismantles a winding machine at a weaving factory, that was shut a year ago, in Panipat in the northern state of Haryana, India, August 29, 2018. REUTERS/Adnan Abidi

April 17, 2019

By Manoj Kumar

NEW DELHI (Reuters) – At least five million Indians lost their jobs between 2016 and 2018, and young urban men are being hit hardest, a Bengaluru-based private university said in a report on Tuesday.

The report by the Azim Premji University comes as Indians are voting in a staggered general election, which is due to end on May 19, with Prime Minister Narendra Modi’s government keen to defend its economic record, including on jobs.

“In addition to rising open unemployment among the higher educated, the less educated (and likely informal) workers have also seen job losses and reduced work opportunities since 2016,” said Amit Basole, an economist and lead author of the report.

The report did not say how many jobs were created during the period.

Modi’s abrupt withdrawal of high value currency notes from circulation in November 2016, with the aim of curbing tax evasion and promoting digital transactions, disrupted small businesses and sparked layoffs.

The introduction of a national sales tax the following year compounded difficulties for some businesses.

The unemployed were mostly higher educated and young people, in the 20-24 age range, according to the study titled “State of Working India 2019”.

“Among urban men, for example, this age group accounts for 13.5 percent of the working age population but 60 percent of the unemployed,” it said.

Modi has faced criticism for not doing enough to create jobs for millions of unemployed young people despite official annual economic growth of about 7 percent for the past five years.

An official survey that the government withheld showed unemployment rose to its highest level in at least 45 years in 2017/18, the Business Standard newspaper reported in February.

The unemployment rate rose to 7.2 percent in February 2019, its highest since September 2016, and up from 5.9 percent in February 2018, according to data compiled by the private research house, Centre for Monitoring Indian Economy (CMIE).

The report suggested the next government should consider an urban employment guarantee scheme to create jobs, build infrastructure and provide services.

India has a rural jobs guarantee program, launched in 2006, which offers work to about 70 million rural people at the minimum wage for 100 days a year.

“India is at a crucial juncture in its economic development where timely public investment and public policy can reap huge rewards,” Basole said.

(Reporting by Manoj Kumar; Editing by Martin Howell)

Source: OANN

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Gambino crime boss' suspected killer once attempted citizen's arrest of NYC Mayor de Blasio: report

The man accused in the brazen murder of the Gambino crime family's alleged boss reportedly once attempted to make a citizen’s arrest of New York City Mayor Bill de Blasio.

Anthony Comello, 24, was arrested Saturday in New Jersey in the death of Francesco Cali, who was shot dead earlier this month in front of his Staten Island home. Cali was believed by authorities to be leading one of the country’s most powerful crime organizations in the country.

REPUTED GAMBINO CRIME BOSS' SUSPECTED KILLER FLASHES 'MAGA,' OTHER SLOGANS ON HAND

Comello reportedly told investigators he was high on marijuana during the shooting and claimed he shot the mob boss – 10 times, according to the police – because he feared for his life, though other reports suggest Comello's alleged motive may have had something to do with the mafia boss barring his niece from dating Comello.

But just a few months ago, Comello wasn't being accused of shooting alleged bad guys, instead, he was trying to arrest the top authority in New York City -- Mayor de Blasio.

Comello showed up outside city halls to protest the de Blasio’s reign and tried to make a citizen’s arrest of him, the New York Post reported, citing police sources.

Police told the newspaper that the incident was just one example of Comello’s odd behavior and stunts he took part in.

NYPD SAYS SUSPECT TAKEN INTO CUSTODY IN KILLING OF REPUTED GAMBINO CRIME BOSS

During a court appearance on Monday, the suspect wrote a string of slogans on his hand, including “MAGA Forever,” an abbreviation of President Trump’s campaign slogan “Make America Great Again.” He also had “United We Stand MAGA” written on his hand.

Cali ascended to the top spot in the Gambino family sometime around 2015, though he was never charged with a crime while leading the group.

Officials haven’t said the Gambino crime family has posted a bounty on Comello, but “the general feeling is that there’s an ‘X’ on this guy’s back,” one source told the New York Post.

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“He’s going to have some issues in jail,” a high-ranking NYPD official told the Post. “Maybe there’s some guys who are wiseguys in jail who will show their allegiance to the Gambinos and say, ‘We’ll take care of this guy.’”

Fox News’ Frank Miles and the Associated Press contributed to this report.

Source: Fox News National

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Catalan government official under fire after tweet quoting Anne Frank

A Catalan government official who purportedly compared the removal of pro-secession symbols from public buildings in Spain to Holocaust diarist Anne Frank was met with sharp criticism by many who called it “shameful.”

Elsa Artadi, the spokesperson for the government in Catalonia, sparked widespread criticism earlier this week when she posted on Monday a photo of Frank alongside a page from her famous diary.

“‘We aren’t allowed to have our own opinion. People want us to keep our mouth shut, but this doesn’t stop you having your own opinion. Everyone should be allowed to say what they think.’ A very appropriate quote from Anne Frank for today, which marks the 69th anniversary of her death in Bergen-Belsen,” Artadi wrote in the tweet, which also included a yellow ribbon in solidarity with Catalan separatists on trial for rebellion.

Earlier this week, Spain’s electoral commission ordered the yellow ribbons and separatists “estelada” flags removed from official buildings, claiming they are partisan symbols that should not be used by regional authorities ahead of the general and European elections in April and May.

CATALAN SEPARATISTS LINE UP IN A ROW IN COURT AS LANDMARK, POLITICALLY-CHARGED TRIAL BEGINS IN MADRID

The tweet – which had a factual error as Frank died 74 years ago in February or March 1945 – was quickly panned, including from Israeli diplomats and former French Prime Minister Manuel Valls.

“Nothing, nothing can be compared with the Holocaust to promote a political cause. This comparison is shameful!” responded Assaf Moran, the deputy chief of mission at the Israeli embassy in Madrid.

Valls, who is running for the mayor in Barcelona in May’s elections, called Artadi’s tweet a “disgrace.”

“A disgrace and a lack of historical knowledge. Spain is a democracy. How can it be compared to the Holocaust? Enough of all this nonsense!”

Another Twitter user wrote: “What you have said can only be described as an aberration and an insult to the victims of Nazism. How dare you try to compare yourself with millions of exterminated people? Unheard.”

Catalan separatists declared independence from Spain unilaterally in Oct. 2017 but received no international recognition.

The 12 Catalan separatists are charged with sedition and other alleged crimes. Their trial is expected to last months.

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Artadi has not commented nor apologized for the tweet, however, did follow up with a second message about freedom and democracy, while commenting on the decision by the electoral commission.

“Without freedom of expression there is no democracy and that without democracy there is no freedom of expression. I don’t know which of the two things annoys me more.”

Source: Fox News World

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Warren won’t hold universities ‘accountable’ over issue fueling student debt problem: college professor

Elizabeth Warren’s plan for student loan debt cancellation and free college tuition – costing $1.25 trillion over 10 years – does little to address two major education issues, according to one critic.

Brian Brenberg, associate professor and chair of the program in business and finance at the King’s College in New York, said Warren’s plan contains “big problems” during an appearance on “Fox and Friends” on Tuesday morning.

“One of the big problems is costs here. We are talking about trillions of dollars,” he said. “She wants to forgive loans for people who have loans now. She is not talking about folks who paid their loans off in the past and sitting there and thinking what a chump I am that I paid off my loans. That's a big problem.”

"She is not talking about folks who paid their loans off in the past and sitting there and thinking what a chump I am that I paid off my loans. That's a big problem.”

— Brian Brenberg

WARREN'S MASSIVE $640 BILLION STUDENT LOAN CANCELLATION QUESTIONED OVER FAIRNESS TO STUDENTS WHO PAID OFF THEIR DEBTS

Under Warren’s plan, unveiled on Monday, each person’s student debt would get a relief of $50,000 if household income is up to $100,000. Higher incomes would also be entitled to massive debt reductions, while only those households with earnings of over $250,000 would get no student debt reduction.

But Brenberg points that while Warren’s proposal attempts to tackle the issue of massive student loan debts, it does little to address the real problem of what causes so many graduates to remain indebted for years, which is the quality of education.

“She is also not talking about the value people get from schools. So, yeah, people have a lot of loans. $1.5 trillion in loans,” Brenberg said.

“But the problem is they are not getting value for their education which is why they can't pay off those loans. Let's talk about that. She doesn't want to hold the universities accountable.”

But the problem is they are not getting value for their education which is why they can't pay off those loans. Let's talk about that. She doesn't want to hold the universities accountable.”

— Brian Brenberg

BRITT MCHENRY: ELIZABETH WARREN TOOK A STAB AT FIXING A LOOMING CRISIS, BUT SHE HIT FAR FROM THE MARK

According to the details provided by Warren, her student debt cancelation plan has a one-off price tag of $640 billion to the government.

But Warren’s proposal also proposes to eliminate tuition and fees for two and four-year public college degree programs, as well as a $100 billion investment in Pell Grants, a federal aid program that requires no payback – bringing the total price tag of about $1.25 trillion over 10 years.

CLICK HERE TO GET THE FOX NEWS APP

She claims that the cost of the policy, in addition to her proposed universal free college, would be “be “more than covered by my Ultra-Millionaire Tax -- a 2% annual tax on the 75,000 families with $50 million or more in wealth.”

Source: Fox News Politics

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American-themed plays sweep British theater prizes

Olivier Awards 2019 - London
Britain's Camilla, Duchess of Cornwall talks to Kyle Soller, winner of the best actor award, after attending the Olivier Awards at the Royal Albert Hall in London, Britain April 7, 2019. John Stillwell/Pool via REUTERS

April 7, 2019

By Jayson Mansaray

LONDON (Reuters) – Productions about gay men in New York City, friendship after the Sept. 11 attacks and love in Mississippi dominated Britain’s prestigious Olivier Awards for best theater on Sunday.

In a distinctly American-themed night, “The Inheritance”, a play about the generation after the peak of the AIDS crisis, was joint overall winner with four awards: best new play, best director (Stephen Daldry), best actor (Kyle Soller) and best lighting.

Written by Matthew Lopez, the two-part play transposes E.M. Forster’s classic 1910 novel “Howards End” to modern New York, where a group of young, ambitious men ponder their existence and the previous generation’s legacy.

“I don’t have the proper vocabulary … It feels like an out-of-body experience … a bit crazy,” Soller told Reuters after winning the award over other nominees like Ian McKellen and David Suchet.

“To be speaking for a community where there’s so much pain, so much healing to be done, it is just really incredible, very emotional,” he added.

In his acceptance speech, Soller paid tribute to the victims of AIDS and lamented that in some nations people can still be stoned to death for being gay.

“Come From Away”, a musical about the power of kindness among air passengers grounded in Canada after the 2001 attacks on New York and Washington, also won four awards including best new musical.

“Company”, a reworking of U.S. composer Stephen Sondheim’s comedy with a woman instead of a man in the lead role, took three prizes including best musical revival.

“Summer And Smoke”, a rarely-staged Tennessee Williams’ drama about love, loneliness and self-destruction set in small-town Mississippi, took two honors for best actress (Patsy Ferran) and best revival.

“I wasn’t expecting it … Nobody knows who I am,” Ferran told Reuters afterwards, clutching a glass of champagne. “I might be slightly hung over tomorrow, don’t tell anyone!”

Prince Charles’ wife Camilla joined stars of British theater for the glitzy ceremony at the Royal Albert Hall in London.

(Additional reporting by Andrew Cawthorne and Marie-Louise Gumuchian; Writing by Andrew Cawthorne; Editing by Daniel Wallis and Sonya Hepinstall)

Source: OANN

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Pompeo: US Won’t “Stand Idly” If Russia Dispatches Troops in Venezuela

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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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