Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

U.S. Senate leader McConnell still weighing response to Saudi journalist’s death

FILE PHOTO - McConnell speaks at AIPAC in Washington
FILE PHOTO - Senate Majority Leader Mitch McConnell pauses while speaking at AIPAC in Washington, U.S., March 26, 2019. REUTERS/Kevin Lamarque

April 11, 2019

By Patricia Zengerle and Richard Cowan

WASHINGTON (Reuters) – U.S. Senate majority leader Mitch McConnell said on Thursday he was still trying to determine the best way to respond to the October murder of Saudi journalist Jamal Khashoggi at a Saudi consulate, but described the kingdom as an important U.S. ally against Iran.

“We’re trying to figure out the best way to” respond, McConnell said at a roundtable meeting with reporters.

“Obviously what clearly happened is outrageous and unacceptable. On the other hand, Saudi Arabia’s an important ally against the Iranians. So it is a difficult problem to figure out exactly the most appropriate response.”

Members of Congress, including some Senate Republicans as well as Democrats, have been clamoring for Republican President Donald Trump to take a stronger line against Saudi Arabia.

They are concerned not just about the death of Khashoggi, a U.S. resident and Washington Post columnist killed in October at a Saudi consulate in Turkey, but also the heavy toll on civilians of the war in Yemen, where a Saudi-led coalition is battling Iranian-backed Houthi rebels.

A CIA assessment has blamed Crown Prince Mohammed bin Salman for ordering Khashoggi’s killing. Riyadh denies the prince had any involvement in the murder.

Lawmakers have introduced legislation seeking to impose sanctions on Saudi officials, but they have failed to advance in the Senate.

McConnell would not say whether he foresaw votes on those measures. “It’s a tough situation,” he said.

McConnell also predicted that the Senate, where Republicans hold a slim majority, would sustain Trump’s expected veto of a resolution that would end U.S. involvement with the Saudi-led coalition in the war in Yemen.

The war powers resolution passed the House of Representatives last week, in a historic rebuke of Trump’s policy of continued support for Saudi Arabia. Having already passed the Senate, the measure was sent to the White House, where Trump is expected to issue the second veto of his presidency.

It was the first time both chambers of Congress supported a War Powers resolution, which limits the president’s ability to send U.S. troops into action without the consent of Congress.

“I think the veto will be sustained,” McConnell said.

McConnell said he did not agree with this use of the war powers act, because the United States does not have troops on the ground in Yemen. The U.S. military is providing targeting assistance to the Saudi-led coalition.

Overriding a veto requires two-thirds majorities in both the Senate and House.

(Reporting by Patricia Zengerle and Richard Cowan; Editing by Leslie Adler)

Source: OANN

0 0

Recruitment of new soldiers threatens South Sudan's peace

South Sudan's rival armed groups are forcefully recruiting civilians, including child soldiers, violating a fragile peace deal signed five months ago.

Officials say the evidence from numerous accounts that opposing sides are adding fighters to their ranks is a worrying sign that threatens the country's peace.

In Yambio, near the border with Congo, all sides met recently to try to resolve their differences and strengthen the peace agreement. However, the meeting quickly turned tense as government and opposition officials accused each other of recruiting new fighters, including child soldiers. The meeting highlighted the need for all fighters to be integrated into a single, unified national army.

South Sudan is slowly emerging from the five-year civil war that killed almost 400,000 people and displaced millions.

Source: Fox News World

0 0

Iranian president meets Iraq's most senior Shiite cleric

Iran's official IRNA news agency says President Hassan Rouhani has met with Iraq's most senior Shiite cleric — the first such meeting for an Iranian leader.

The report says Rouhani met with Grand Ayatollah Ali al-Sistani on the third and last day of his official visit to Iraq. Wednesday's meeting took place at al-Sistani's base in the southern Iraqi city of Najaf.

Former hard-line Iranian President Mahmoud Ahmadinejad did not meet with Iranian-born cleric al-Sistani during his 2008 visit to Iraq.

Al-Sistani rarely meets officials. He received the U.N. envoy to Iraq, Jan Kubis, last November.

Rouhani is likely to score points at home over the meeting. He is under increasing pressure by hard-liners and struggling with an economic crisis that has emboldened critics to openly call for his ouster.

Source: Fox News World

0 0

John Boehner Praises Mitch McConnell’s ‘Steady Hand’

Former House Speaker John Boehner had nothing but good things to say about Senate Majority Leader Mitch McConnell in a new story.

Writing for the "Time 100," Time magazine's list of the most influential people, Boehner said his fellow Republican serves with bipartisanship in mind.

"Washington in recent years has been described as a place that lurches from crisis to crisis," Boehner wrote. "One person has done more to defuse these crises time and again than any other individual in American government. His steady hand at the tiller of the U.S. Senate has been a source of stability for our economy and certainty in our tumultuous political process."

Boehner went on to compliment McConnell's knowledge of "parliamentary procedure" and how things run in the Senate chamber.

"He has shaped the direction of the Supreme Court for generations to come," Boehner wrote. "He has done this while staying true to the priorities of the people from his beloved home state of Kentucky, who with good reason have entrusted him to be their voice in Washington.

"My friend Mitch McConnell is that leader. Whatever your politics or ideological inclinations may be, you and your family have been the beneficiaries of his experienced leadership in a challenging moment in our country's history. Our nation is blessed by his service and the wisdom he brings to high office."

McConnell has served in the Senate since 1985 and became minority leader in 2007, serving in the post until 2015 when Republicans took control of the chamber. He has been the majority leader since.

Boehner represented Ohio in the House from 1991-2015. His time as speaker lasted from 2011-2015.

It was reported in December that Boehner is writing a memoir on his time in office.

Source: NewsMax America

0 0

Bayer shareholders vent ire over Monsanto-linked stock rout

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

0 0

Aid group: Trump’s Yemen veto means more death, suffering

An international charity says President Donald Trump's veto of a congressional resolution to end U.S. military assistance for Saudi Arabia's war in Yemen "will only mean more suffering and death."

The Norwegian Refugee Council said Wednesday that if Trump "was truly concerned about civilian life," he would "ensure that the US-supported Saudi-led coalition stop breaking the laws of war and depriving millions of Yemenis of life-saving assistance."

It says the United States is "deepening and prolonging" the crisis and "civilians are paying the price."

The Saudi-led coalition has been at war with Yemen's Iran-aligned Houthi rebels since 2015. The conflict has killed tens of thousands of people, fueled a major cholera outbreak and driven the Arab world's poorest country to the brink of famine.

Source: Fox News World

0 0

Brexit defections reveal frayed fabric of UK politics

An anti-Brexit protester waves an EU flag opposite the Houses of Parliament in London
An anti-Brexit protester waves an EU flag opposite the Houses of Parliament in London, Britain June 8, 2018. REUTERS/Simon Dawson

February 21, 2019

By William James

LONDON (Reuters) – Brexit has torn the fabric of Britain’s political system, say a group of 11 lawmakers behind a dramatic series of defections that have sent shockwaves through one of the world’s oldest and most stable parliaments.

But the group needs to incite a much wider rebellion to achieve its goal of triggering a rethink over the country’s exit from the European Union and smashing a two-party structure that they say is no longer fit for purpose.

“Where will it lead? It could lead to nowhere, it could become a footnote in the history of Brexit, or it could become the beginnings of the break-up of the party system which has been going for the last 100 years,” said Tony Wright, Emeritus Professor of Government and Public Policy at UCL university.

“They need numbers. You’re going to need some cabinet resignations, that would really set things moving.”

Just 36 days from Brexit, Prime Minister Theresa May has yet to find a divorce deal with the EU that parliament will approve, leaving the world’s fifth largest economy and all its global investors staring down the barrel of a potentially chaotic exit.

Over three days of high political theater in London this week, three members of May’s right-leaning Conservative Party and eight from the leftist Labour opposition have quit their parties to become independent lawmakers.

It is already the most significant breakaway group in almost four decades for a parliament in which the two main parties have formed the government of the day for almost a century, largely restricting smaller groups to the political fringes.

The defectors, now known as ‘The Independent Group’, say their old parties have been hijacked by far-left and far-right factions, leaving the center ground of British politics unmanned and powerless to exert its influence.

“You don’t join a political party to fight it, and you don’t stay in it and skirmish in the margins when the truth is the battle is over and the other side has won,” said Anna Soubry, the one-time Conservative minister who resigned on Wednesday.

NO CHANGE TO BREXIT ARITHMETIC

Brexit has proved to be the tipping point.

The 2016 referendum that split the country 52-48 percent in favor of leaving also divided both main political parties, drawing a new battle line in parliament between ‘Leavers’ and ‘Remainers’ that cuts right through traditional party loyalties.

While the country is divided over EU membership, most agree it is at a crossroads and that its choices over Brexit will shape the prosperity of future generations.

May has failed to rally eurosceptic and pro-EU wings of her party around a common position on how best to leave the bloc. Labour leader Jeremy Corbyn has been accused by critics of equivocation and a lack of clear direction.

“If Brexit was a pained clarion call for change, then we hear it,” said Heidi Allen, another of the former Conservative lawmakers.

“Our parties have been unable to grasp the magnitude of the challenge and have no plan to respond, nor heal the division across our cities, our villages and our dining tables.”

The party discipline that typically prevails and helps the government set policy has broken down. Positions are entrenched, rebellions are commonplace, and the government has become accustomed to losing votes. Policymaking on all fronts has ground to a halt.

Therein lies both the difficulty and the opportunity for the new group.

The now-independent lawmakers were already voting against the government, so their resignation has not changed the arithmetic in a parliament which won’t approve May’s Brexit deal, but can’t agree on what alternative path it wants to pursue.

The group knows it can only capitalize on widespread frustration over this stalemate and fears over the ticking Brexit clock if they succeed in convincing others there is a viable alternative to the two positions offered by Labour and the Conservatives.

“We have taken the first step in leaving the old tribal politics behind and we invite others who share our political values to do so too,” said former Labour lawmaker Chuka Umunna, who resigned on Monday.

SECOND REFERENDUM

The lawmakers have not yet formed a new party with an agreed set of policies and positions on key issues. But their future will almost certainly be defined by Brexit, and they do not have much time to make an impact.

Almost all the group’s members are clear that they do not want Britain to leave the EU without a deal, and they do want to hold a second referendum.

One or both of those views are shared by many in parliament, including ministers who have so far remained loyal to May and voted in favor of her deal despite their reservations.

But even in government, patience is wearing thin.

One minister who declined to be named, told Reuters prior to the defections that he was ready to vote against the government and face the sack if May hadn’t made any progress on a deal. Several other have signaled publicly they could do the same.

Their loyalty is set to be tested next week when May either returns to parliament with a revised Brexit deal, or to set out what progress she has made towards one. Lawmakers will have a chance to vote on what happens next.

Those votes could see May’s deal rejected and parliament handed an opportunity to seize control of the process and use it to rule out a no-deal exit and delay Britain’s departure.

For The Independent Group this will be a defining moment to swell their ranks and reach the critical mass they need to attract the funding required to build a political party capable of fighting an election.

“Frankly if we have got the courage to do this, they can follow that. See it, grasp it, do the right thing by your country,” Soubry said.

(Reporting by William James; editing by Guy Faulconbridge and Mark John)

Source: OANN

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist