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Rep. Jordan on Rep. Schiff: 'Did He Not Read Bill Barr's Letter?'

Rep. Jim Jordan, R-Ohio, took offense with House Intelligence Committee Chairman Adam Schiff's insistence there was collusion between President Donald Trump's campaign and Russia, saying Attorney General William Barr's summary of special counsel Robert Mueller's findings proved the point.

"Did he not read Bill Barr's letter?" Rep. Jordan told Fox News' "America's Newsroom." "The attorney general said there was no collusion and points out in his letter that there were multiple opportunities for Trump campaign officials to work with Russians, but they didn't do it. Russia dangled the forbidden fruit in front of people all the time and they didn't bite."

Barr's statement could not be stronger, as it meant "total vindication" for Trump, and that means "good news" for the United States as well, Jordan said.

He also slammed Rep. Eric Swalwell, D-Calif., for saying in an interview he believes the Christopher Steele discredited dossier on Trump and Russia.

"The dossier, don't take my word for it, take Jim Comey's: He said it was salacious and unverified," Jordan said. "Jim Comey said this dossier was not accurate."

"We all know it's National Enquirer garbage," he added. "The scary thing is . . . they took this document, paid for by the Clinton campaign, dressed it all up and took it to the secret court to get the warrant to go and spy on the Trump campaign."

Source: NewsMax Politics

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Audi sees margin target hit by electric car investments

89th Geneva International Motor Show in Geneva
An Audi logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy

March 14, 2019

INGOLSTADT (Reuters) – Audi the premium brand owned by Volkswagen said it expects to deliver an operating return on sales between 7 percent and 8.5 percent, below its long-term target, as costs for developing electric cars weigh on profits.

Audi said it would offer about 30 electric models by 2025.

Audi aims to deliver an operating return on sales of between 9 and 11 percent in the long term, the carmaker said on Thursday.

(Reporting by Edward Taylor; Editing by Riham Alkousaa)

Source: OANN

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Embattled US Rep. Ilhan Omar tweets ‘happy Passover’

U.S. Rep. Ilhan Omar is wishing "happy Passover" to Jews commemorating the holiday in her home state of Minnesota and around the world.

Omar is a Somali American and one of the first Muslims elected to Congress. She's been criticized for remarks in recent months on Israel, Jewish influence in Washington, and 9/11 that have drawn accusations of anti-Semitism and insensitivity. She says criticizing the Israeli government is not anti-Semitic.

In a tweet Friday, Omar said, "The story of Passover has resonated with and given hope to so many Jewish families in times of oppression."

She also gave a traditional Hebrew Passover greeting.

Omar says she's faced increased death threats since President Donald Trump spread a videothat purports to show her being dismissive of the 2001 terrorist attacks.

Source: Fox News National

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George Conway: Trump Is Guilty of Being Unfit for Office

George Conway, the husband of counselor to the president Kellyanne Conway, argued in a new opinion piece that President Donald Trump is unfit for office.

Reacting to the news that special counsel Robert Mueller cleared Trump of conspiring with the Russians to win the 2016 presidential election, Conway penned an article for The Washington Post and said if Mueller was charged with investigating whether Trump was fit to serve, he would be guilty.

"If the charge were unfitness for office, the verdict would already be in: guilty beyond a reasonable doubt," he wrote.

Regarding Mueller's conclusion of no collusion, Conway said he wants to see Mueller's full report to explore what he sees are "links" between the Trump campaign and Russia.

"As matters turned out, and quite surprisingly, we now know from public sources that there were links aplenty," Conway wrote. "So who knows what we might learn on these subjects from Mueller's still-unreleased report?"

Mueller also looked at whether Trump obstructed justice during the multiple investigations that examined whether his campaign had improper ties to the Russians. Mueller, a former director of the FBI, could not reach a conclusion on that, a point Democrats have pounced on.

Conway was no different.

"If his report doesn't exonerate the president, there must be something pretty damning in it about him, even if it might not suffice to prove a crime beyond a reasonable doubt," Conway wrote. "And in saying that the report 'catalogu[ed] the president's actions, many of which took place in public view,' [Attorney General William] Barr's letter makes clear that the report also catalogues actions taken privately that shed light on possible obstruction, actions that the American people and Congress yet know nothing about."

Barr released a brief summary of Mueller's findings Sunday. He has pledged to release a more detailed report in the coming weeks.

Source: NewsMax Politics

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Sanders unloads on Trump at Sharpton conference, says he’s racist and ‘that is the damn truth’

In some of his sharpest language yet attacking President Trump, Democratic presidential candidate Sen. Bernie Sanders accused the Republican president of being racist and sexist and much more during a speech before Al Sharpton's National Action Network.

“It gives me no pleasure to tell you that we have a president today who is a racist, who is a sexist, who is a homophobe, who is a xenophobe, and who is a religious bigot. I wish I did not have to say that. But that is the damn truth,” the independent senator from Vermont said on Friday.

SCHULTZ, AT FOX NEWS TOWN HALL, SAYS TRUMP WILL WIN RE-ELECTION IF SANDERS IS 2020 DEM NOMINEE

Sanders, who’s running for a second straight time for the Democratic presidential nomination, made his comments during an appearance in New York before the civil rights organization founded by Sharpton. A slew of other 2020 candidates joined him at the conference.

“During Donald Trump’s presidency we have seen a sharp rise in hate crimes and that rise comes as this country continues to be plagued by institutional racism and racial inequality,” Sanders stressed.

BERNIE'S BIG BUCKS - SANDERS HAULS IN $18 MILLION

Running through a litany of differences between himself and the president, Sanders argued that “when Trump and his real estate empire were discriminating against African Americans here in New York, I and others in the civil rights movement were protesting that kind of housing discrimination in Chicago and marching on Washington with Dr. (Martin Luther) King.”

And he charged that “when Donald Trump and his allies were trying to suppress the black vote in the 2016 election, I was running around this country campaigning for Hillary Clinton and pressing for automatic voter registration to expand the vote.”

SANDERS, CASTRO, TRADE FIRE OVER REPARATIONS

At the end of his appearance, Sanders voiced support for studying the possibility of reparations for descendants of slaves.

Asked if he as president he would sign into law a bill currently in the House of Representatives that would study and consider reparation payments, Sanders answered, “of course I would sign it.”

“There needs to be a study,” he added.

But Sanders quickly highlighted that “what I think we need to do… is to pay real attention to the most distressed communities in America. We’ve got to use ten percent of all federal funds to make sure that kids who need it get the education, get the jobs, get the environmental protection that they need.

2020 CONTENDERS WEIGH IN ON SLAVERY REPARATIONS

Sanders rejected the idea of financial reparations during his 2016 White House bid, and last month again pushed back against the proposal.

“I think that right now, our job is to address the crises facing the American people and our communities, and I think there are better ways to do that than just writing out a check,” Sanders said during an appearance on “The View.”

The idea of slavery reparations for black Americans is at least partially backed by at least seven other Democratic presidential candidates so far – Harris, Sen. Elizabeth Warren of Massachusetts, Beto O’Rourke, former San Antonio Mayor Julian Castro, South Bend, Indiana Mayor Pete Buttigieg, businessman Andrew Yang, and Rep. Tulsi Gabbard of Hawaii, who has co-sponsored the House bill.

Source: Fox News Politics

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March mobile phone shipments to China fall 6 percent as economy slows

A man uses mobile phone to scan the QR codes for job-seeking information during an internet expo at the fifth WIC in Wuzhen
A man uses mobile phone to scan the QR codes for job-seeking information during an internet expo at the fifth World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 7, 2018. REUTERS/Jason Lee

April 10, 2019

SHANGHAI (Reuters) – Shipments of mobile phones to China fell 6 percent in March compared with the same year-earlier month, official figures showed on Wednesday, as slowing economic growth took a toll on the sector.

The shipments dropped to 28.4 million units in March from 30.2 million units in March 2018, the China Academy of Information and Communications Technology (CAICT) said.

March’s 6 percent slide follows four consecutive months of double-digit declines.

The slowdown points to continued pressure on the likes of Apple Inc, which endured a steep drop in China sales in late 2018, and its domestic smartphone rivals.

The number of new devices launched by phone makers also fell, according to CAICT. A total of 52 new handsets hit the market in the month, down 35 percent from a year earlier.

Last year was an anemic one for the world’s largest mobile phone market, with total shipments falling 15.5 percent, CAICT data shows. The weakness continued in 2019 – February shipments totaled 14.5 million units, the lowest since February 2013 and a 19.9 percent decrease from a year earlier.

Industry analysts generally attribute the weak performance to a slowdown in economic growth, longer upgrade cycles, and a lull in feature innovation as carriers focus on preparations for the launch 5G connectivity on their networks.

To cope with the slowdown, Chinese domestic brands have been raising prices and moving upmarket, hoping to boost margins. In 2018, Huawei Technologies Co Ltd, Oppo, and Vivo each captured a bigger share of the $500-to-$800 price range of phones, a segment once dominated by Apple.

The U.S. brand, which currently generates over 15 percent of its revenue from Greater China, has suffered in particular from the slowdown. Sales from the region during the three-month period to the end of December 2018 fell by roughly a quarter from a year earlier.

Several third-party retailers have lowered prices on a range of iPhone devices this year. Apple also lowered the official sticker price of its phones after China cut the rate of value-added tax on luxury goods.

(Reporting by Josh Horwitz; editing by Neil Fullick)

Source: OANN

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US to designate Iran Revolutionary Guard a terrorist group

The Trump administration is preparing to designate Iran's Revolutionary Guard a "foreign terrorist organization," an unprecedented move against a national armed force that could have widespread implications for U.S. personnel and policy in the Middle East and elsewhere.

Officials informed of the step said an announcement could come as early as Monday, after a monthslong escalation in the administration's rhetoric against Iran, its support for militia groups in Syria, Lebanon, Iraq and Yemen, as well as anti-Israel groups in the region and beyond.

It would be the first such designation by any American administration of an entire foreign government entity, although portions of the Guard, notably its elite Quds Force, have been targeted previously by the United States.

Two U.S. officials and a congressional aide confirmed the planned move. They were not authorized to discuss the matter publicly and spoke on condition of anonymity.

The designation, planning for which was first reported by the Wall Street Journal, comes with sanctions, including freezes on assets the Guard may have in U.S. jurisdictions and a ban on Americans doing business with it or providing material support for its activities.

Although the Guard has broad control and influence over the Iranian economy, such penalties from the U.S. may have limited impact. The designation, however, could significantly complicate U.S. military and diplomatic work, notably in Iraq, where many Shiite militias and Iraqi political parties have close ties to the Guard.

In Lebanon, the designation could further restrict with whom U.S. officials can interact. The Guard has close ties to Hezbollah, which is part of the Lebanese government. Hezbollah is already designated a foreign terrorist organization by the U.S. Its presence in Lebanon's parliament and executive branch have forced the U.S. to avoid any contact with Hezbollah members even as the U.S. continues to provide assistance to and works with the Lebanese army.

Without exclusions or waivers to the designation, U.S. troops and diplomats could be barred from contact with Iraqi or Lebanese authorities who interact with Guard officials or surrogates.

The Pentagon and U.S. intelligence agencies have raised concerns about the impact of the designation if the move does not allow contact with foreign officials who may have met with or communicated with Guard personnel. Those concerns have in part dissuaded previous administrations from taking the step, which has been considered for more than a decade.

It was not immediately clear whether the designation would include such carve-outs.

In addition to those complications, American commanders are concerned that the designation may prompt Iran to retaliate against U.S. forces in the region, and those commanders plan to warn U.S. troops remaining in Iraq, Syria and elsewhere of that possibility, according to a third U.S. official. This official was not authorized to discuss the matter publicly and spoke on condition of anonymity.

Aside from Iraq, where some 5,200 American troops are stationed, and Syria, where some U.S. 2,000 troops remain, the U.S. 5th Fleet, which operates in the Persian Gulf from its base in Bahrain, and the Al Udeid Air Base in Qatar, are potentially at risk.

A similar warning is also expected from the State Department of possible Iranian retaliation against American interests, including embassies and consulates, and anti-American protests, the first two U.S. officials said. Similar alerts were issued at the start of the Iraq War in 2003 and more recently when the Trump administration announced it would recognize Jerusalem as Israel's capital.

Despite the risks, Iran hard-liners on Capitol Hill, such as Sens. Tom Cotton, R-Ark., and Ted Cruz, R-Texas, and elsewhere have long advocated for the designation. They say it will send an important message to Iran as well as deal it a further blow after the Trump pulled out of the 2015 nuclear deal and reimposed economic sanctions.

Secretary of State Mike Pompeo and national security adviser John Bolton have taken up the call and have in recent months spoken stridently about Iran and its "malign activities" in the region.

Pompeo has made clear in public comments that pressure on Tehran will only increase until it changes its behavior. Just last week, Pompeo's special representative for Iran, Brian Hook, accused Iran and its proxies of being responsible for the death of 608 U.S. troops in Iraq between 2003 and 2011. He cited newly declassified Defense Department information for the claim, which is expected to be used in the justification for the Guard designation.

"Secretary Pompeo will continue to use all the tools at our disposal to press the regime to change its destructive policies for the benefit of peace in the region and for the sake of its own people, who are the longest-suffering victims of this regime," Hook said, in an indication that new action is coming.

The department currently designates 60 groups, such as al-Qaida and the Islamic State and their various affiliates, Hezbollah and numerous militant Palestinian factions, as "foreign terrorist organizations." But none of them is a state-run military.

Once a designation is announced by the secretary of state in coordination with the Treasury secretary, Congress has seven days to review it. If there are no objections, it then will take effect.

___

Associated Press reporter Lolita Baldor contributed to this report.

Source: Fox News National

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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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