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Former UN ambassador backs smaller US-North Korea deals, says Trump should leave negotiations to State Department

Bill Richardson, former US ambassador to the United Nations, said Friday he does not support the idea of a third summit with North Korea but instead backs the idea of a series of smaller deals with Pyongyang over its nuclear intentions.

"I believe right now that a summit with Kim Jong Un would not be a good idea," Richardson told America's Newsroom.

President Trump on Thursday said he would be open to a third meeting with the North Korean leader despite their last summit abruptly ending six weeks ago in Vietnam, producing no breakthrough. Speaking before an Oval Office meeting with South Korean President Moon Jae-in on Thursday, Trump seemed to open the door to a series of smaller negotiations with North Korea.

“There are various smaller deals that maybe could happen,” Trump said. “Things could happen. You can work out step-by-step pieces, but at this moment we are talking about the big deal. The big deal is we have to get rid of the nuclear weapons.”

THE ART OF THE WALK? SUMMIT COLLAPSE AND TRUMP'S DIPLOMACY

KIM JONG UN FANCIES CAVIAR, FOIE GRAS, LOBSTER, HAD STAFF TASTE FOOD FOR SAFETY AT VIETNAM SUMMIT, CHEF SAYS

Trump stopped short of saying he'd ease sanctions on North Korea but also said he'd decided not to impose additional penalties on the Asian country, a testament he says to his relationship with the North Korean dictator.

But Richardson believes that smaller deals would show "flexibility on both sides."

"Maybe North Korea freezes its nuclear missile development or activity, shuts down that Yongbyon nuclear facility and in return the United States has some sanctions relief because both sides are really far apart," Richardson said. "North Korea wants all sanctions relief on everything - we can't do that. And we want North Korea to totally denuclearize... that's not going to happen, so something in between."

Richardson adds that Trump should leave the deal-making to professional negotiators or the State Department.

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South Korea has also come out in recent days and said that the breakdown in talks in Vietnam should not be seen as a failure but as the catalyst to a bigger and better deal between North Korea and the U.S.  South Korea, which is right in the line of fire of North Korea, has also been pushing for a third summit.

"(South Korean President Moon Jae-in)  wants a deal between the U.S. and North Korea because it's good politically for him... it's good for his country," Richardson said. "In some ways... he's pushed us a little too far to make deals when we have to coordinate better."

Source: Fox News World

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UK PM May says no-deal Brexit planning continues – spokesman

Extraordinary European Union leaders summit in Brussels
British Prime Minister Theresa May leaves after holding a news conference following an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 11, 2019. REUTERS/Susana Vera? TPX IMAGES OF THE DAY

April 15, 2019

LONDON (Reuters) – British Prime Minister Theresa May has said the government will continue to plan for the possibility of a no-deal Brexit, her spokesman said on Monday.

May made the comment in an internal note to staff.

The European Union last week delayed Brexit until the end of October, averting, for now at least, the risk of an abrupt British departure from the bloc which investors fear would hurt the economy.

May’s spokesman also told reporters on Monday that the prime minister was not thinking about calling an early national election as a way to break the Brexit impasse in parliament.

(Reporting by William James; Writing by William Schomberg; editing by Guy Faulconbridge)

Source: OANN

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Opening statements expected in ex-Minneapolis cop’s trial

With a jury in place, opening statements were scheduled Tuesday in the trial of a former Minneapolis police officer who shot and killed an unarmed woman after she called 911 to report a possible rape in the alley behind her home.

Mohamed Noor, 33, who is Somali American, is charged with murder and manslaughter in the July 2017 death of Justine Ruszczyk Damond, a 40-year-old dual Australian-American citizen who was shot when she approached his squad car.

It took a week to select a jury . After 75 prospective jurors answered questions about their views on Somalis and police officers, as well as their experiences with firearms, on-the-job training and other issues, 12 men and four women were selected Monday to hear the case. In the end, only 12 will deliberate and four will serve as alternates. The jurors include a firefighter and paramedic, an obstetrician-gynecologist, a civil engineer, a grocery store manager, a restaurant host, a carpenter and a Homeland Security immigration officer.

Six jurors are people of color, including two Filipino men, an Ethiopian man and a Pakistani woman.

Damond, who was white, was a life coach and set to be married the month after her death. The night she was shot, she had called 911 twice before Noor and his partner, Officer Matthew Harrity, arrived.

Harrity told investigators he was driving a police SUV when he heard a voice and a thump and caught a glimpse of someone outside his window. Harrity said he was startled and thought his life was in danger. He said he then heard a noise and turned to see that Noor, in the passenger seat, had fired his gun and hit Damond, who was in her pajamas.

Noor refused to talk to investigators. The officers did not turn on their body cameras until after the shooting, and there was no squad car video.

Prosecutors charged Noor with second-degree intentional murder, third-degree murder and second-degree manslaughter, saying there is no evidence he faced a threat that justified deadly force. They must prove he acted unreasonably when he shot Damond.

Minnesota law allows police officers to use deadly force to protect themselves or their partners from death or great bodily harm; Noor's attorneys have said they plan to argue he used reasonable force and acted in self-defense.

Noor's attorneys haven't said whether he will testify. If he does, prosecutors may be able to introduce some evidence that the defense wanted to keep out of the state's case, including that he has refused to talk to investigators. They also could bring up a 2015 psychological test that showed Noor disliked being around people and had difficulty confronting others. Despite that test, a psychiatrist found him fit to be a cadet officer.

The shooting, which got international attention, raised questions about Noor's training . The police chief defended Noor's training, but the chief was forced to resign days later. The shooting also led to changes in the department's policy on use of body cameras.

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Follow Amy Forliti on Twitter: http://www.twitter.com/amyforliti

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Check out the AP's complete coverage of Mohamed Noor's trial.

Source: Fox News National

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Arkansas men in bulletproof vests shoot each other after night of drinking, invent elaborate cover story: cops

The good news is the bulletproof vests worked.

But two Arkansas men could still be in legal jeopardy after a night of drinking led them to test the vests by shooting at each other, officials said.

Charles Eugene Ferris, 50, and Christopher Hicks, 36, were arrested Sunday after Hicks showed up at a Rogers hospital complaining about chest pain.

Not wanting to reveal the true story of the backyard shootout, police said Ferris invented a lively story to explain the situation, KFSM reported.

ARKANSAS TEEN SHOOTS CLASSMATE INSIDE SCHOOL IN APPARENT 'PREMEDITATED ATTACK,' POLICE SAY

Ferris allegedly told authorities he'd been paid $200 to protect an “asset,” whom he followed into the woods at Hobbs State Park. Ferris reportedly said that, while in the woods at about 10 p.m., the pair met a third man who approached the "asset" and prompted a gunfight. Cops say Ferris claimed to have been struck six times while returning fire and finally driving away with the “asset.”

Ferris allegedly said the “asset” dropped him off at his vehicle and the 50-year-old then dumped his weapons and drove to the hospital.

But officials say Ferris went from looking like 007 to just looking like a zero when his wife showed up at the hospital and spilled the beans: Ferris and Hicks shot each other while drinking on the back porch of their home.

Ferris then reportedly recanted his far-fetched story and told authorities he lied to protect Hicks from getting in trouble.

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Police said Ferris then admitted to wearing the bulletproof vest and asking Hicks to shoot him with a .22-caliber semi-automatic rifle. The vest stopped the bullet -- but it also hurt and left a mark on Ferris’ chest.

Ferris allegedly said he got angry and “unloaded the clip into Christopher’s back.” Hicks only suffered bruising from the gunshots, police said.

Both men were charged with aggravated assault and face up to six years in prison.

Source: Fox News National

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French prosecutors drop rape investigation against filmmaker Luc Besson

68th Berlin International Film Festival Berlinale
FILE PHOTO: Director Luc Besson arrives for the screening of the movie Eva at the 68th Berlin International Film Festival Berlinale in Berlin,Germany, February 17, 2018. REUTERS/Axel Schmidt

February 25, 2019

PARIS (Reuters) – French prosecutors have dropped a preliminary investigation into rape allegations against film director Luc Besson, the public prosecutor’s office said on Monday.

Prosecutors in Paris opened an investigation in May last year, which according to police sources followed allegations by a 27-year-old actress that she had been raped by Besson after meeting him at a hotel in the French capital. Besson had denied the allegations.

The case was dropped after “numerous investigations” which did not lead judicial police to fully stand up the claim, the prosecutor’s office said in a statement.

The “Nikita” and “Taken” director welcomed prosecutors’ announcement, his lawyer Thierry Marembert said.

“This decision follows a very thorough investigation carried out by judicial police, which (Besson) fully cooperated with,” he said.

Shares in his production company EuropaCorp rose more than 15 percent on the news.

(Reporting by Emmanuel Jarry, Writing by Sarah White, Editing by Angus MacSwan)

Source: OANN

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Dem Group Asks Candidates to Pledge Support for Nominee

The progressive organization Indivisible has asked the 20 candidates for the Democratic Party's nomination to sign a pledge vowing to support the eventual nominee, BuzzFeed News reports.

Indivisible posted the pledge on their website last Tuesday. It states:

"We must defeat [President] Donald Trump. The first step is a primary contest that produces a strong Democratic nominee. The second step is winning the general election. We will not accept anything less."

The group then lists three pledges: to "make the primary constructive" by focusing on issues and ideas, to "rally behind the winner," and support the eventual nominee "whoever it is," and to "do the work to beat Trump" by agreeing to help the Democratic nominee's campaign.

As of Thursday morning, no candidate has signed the pledge, although the candidates did sign a pledge issued by the Democratic National Committee vowing to identify as members of the Democratic Party, to "run as a Democrat" and to "serve as a Democrat if elected."

Source: NewsMax America

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News Corp’s Australian arm calls for Google breakup

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/File Photo

March 12, 2019

By Byron Kaye

SYDNEY (Reuters) – The Australian arm of Rupert Murdoch’s News Corp called for an enforced break-up of Alphabet Inc’s Google Inc, acknowledging the measure would involve global coordination but calling it necessary to preserve advertising and the news media.

The demand, published on Tuesday as part of a government inquiry, goes beyond the recommendations of the Australian Competition and Consumer Commission (ACCC) which crossed swords with Google by requesting a new regulatory body to oversee global tech operators.

In an 80-page submission largely centered on Google, News Corp Australia said the U.S. company had created an “ecosystem” where it could control the results of people’s internet searches and then charge advertisers based on how many people viewed their advertisements.

Efforts to curtail Google’s market dominance around the world had failed because of the search engine operator’s record of “avoiding and undermining regulatory initiatives and ignoring private contractual arrangements”.

When Google had agreed to change its methods in response to investigation or new regulations in other countries, it often soon replaced the conduct with new methods which had the same effect: directing traffic and sales to its own sites and hurting competition.

Calling Google’s behavior “anti-competitive”, News Corp accused the Mountain View, California-based internet company of damaging publishers’ ability to generate revenue and ultimately the sustainability of the news industry.

To prevent the need for constant regulatory oversight, Google must be forced to sell its advertising sales unit or its parent company, Alphabet, must be forced to sell its main internet search business, News Corp said.

“Any solution must be bold,” the New York-listed company said in its submission.

A divestment may involve coordinating with foreign government agencies and some initial regulatory oversight, but “also has an immediate, long-term structural impact on the market, mitigating the potential for future abuses”, News Corp said.

A Google representative was not immediately available for comment. In its submission to the same inquiry into the Australian online advertising market, Google said it was a “mistaken premise” to suggest it had “market power in search, search advertising, and news media referrals”.

The ACCC declined to comment specifically on News Corp’s submission but commission Chairman Rod Sims told the Australian Broadcasting Corp he was “looking at it with an open mind”.

The regulator has previously said the enormous market power of companies like Google, which has a 94 percent share of web searches in Australia, and their opaque methods for ranking advertisements, enable them to favor their businesses over advertisers.

It has proposed a new regulator to investigate how the companies rank advertisements and news articles.

(Reporting by Byron Kaye; Editing by Stephen Coates)

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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