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U.S. Rep. Ocasio-Cortez ‘encouraged’ despite Senate rejecting ‘Green New Deal’

U.S. Representative Alexandria Ocasio-Cortez (D-NY) speaks to members of the media following a televised town hall event in New York
U.S. Representative Alexandria Ocasio-Cortez (D-NY) speaks to members of the media following a televised town hall event on the “Green New Deal” in the Bronx borough of New York City, New York, U.S., March 29, 2019. REUTERS/Jeenah Moon

March 29, 2019

By Gabriella Borter

(Reuters) – U.S. Representative Alexandria Ocasio-Cortez said on Friday she was “very encouraged” by the Senate vote this week on the “Green New Deal,” the sweeping climate policy resolution she introduced last month, even though the Senate defeated it.

The non-binding resolution, which proposes to eliminate U.S. greenhouse gas emissions within a decade, lost 57-0 in the Senate, with 43 Democrats voting “present.”

“You had the Republicans voting ‘no’ and you had virtually the entire Democratic caucus voting ‘present,’ even those in tough states,” Ocasio-Cortez said on Friday. “That is an extraordinary amount of unity within the Senate to actually vote in that cohesive of a bloc, so I’m very encouraged.”

The Green New Deal, unveiled last month by Ocasio-Cortez and U.S. Senator Edward Markey, marks the first formal attempt by lawmakers to define potential legislation to create government-led investments in clean energy and infrastructure to transition the U.S. economy away from fossil fuels.

The plan’s name is an homage to the New Deal of the 1930s, a series of government-led programs and projects that President Franklin Roosevelt implemented to aid Americans during the Great Depression.

CELEBRITY STATUS

A rising political star and leader of the progressive left, Ocasio-Cortez defeated a longtime Democratic lawmaker in a 2018 primary to become the youngest woman in Congress at age 29, representing New York’s 14th district in the House.

Her bold stance on climate policy and her strong social media presence have launched her to celebrity status among progressives nationwide.

Republicans have criticized the Green New Deal since its inception for being too radical, and have used the plan and Ocasio-Cortez herself, as rallying points to demonize the Democratic Party.

“The Green New Deal is a wonderful illustration of just how extreme the Democrats have become,” Republican Senator Ted Cruz tweeted on Tuesday, calling it “a radical socialist proposal.”

The Trump administration does not believe action on climate change is necessary and has instead focused on increasing production of oil, gas and coal on federal and private lands.

At a Trump rally in Michigan on Thursday, crowds chanted “AOC sucks!” according to television coverage of the event.

Ocasio-Cortez shrugged off Republicans’ insults on Friday at a town hall hosted by MSNBC in her district in The Bronx.

“I didn’t expect them to make total fools of themselves,” she said of her critics.

(Reporting by Gabriella Borter; editing by Bill Tarrant and G Crosse)

Source: OANN

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Dodgers end six-game skid with win over Brewers

MLB: Milwaukee Brewers at Los Angeles Dodgers
Apr 14, 2019; Los Angeles, CA, USA; Los Angeles Dodgers starting pitcher Ross Stripling (68) in the sixth inning of the game against the Milwaukee Brewers at Dodger Stadium. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports

April 15, 2019

Ross Stripling allowed one run in eight innings to help the Los Angeles Dodgers end a six-game losing streak with a 7-1 win against the visiting Milwaukee Brewers on Sunday afternoon.

Stripling (1-1) gave up four hits, struck out three and walked one with his 88 pitches, becoming the second Los Angeles starter to go at least seven innings this season.

Alex Verdugo homered and drove in three runs, Chris Taylor had two hits and two RBIs, A.J. Pollock had two hits and scored two runs, and Joc Pederson homered for the second time in the series for Los Angeles.

Brewers starter Jhoulys Chacin (2-2) went 2 1/3 innings for his shortest regular-season outing since May 23, 2017.

Facing the Dodgers for the first time since he was the losing pitcher in Game 7 of the 2018 National League Championship Series, Chacin allowed six runs and six hits, striking out three and walking three more.

Chacin retired the first two batters, but loaded the bases on two walks and a single by Pollock. Verdugo then grounded a 3-1 pitch up the middle for a 2-0 lead.

Pederson homered with two outs in the second to make it 3-0, and Chacin got into trouble right off the bat in the third, walking Cody Bellinger for the second time before giving up a single to center by Pollock to put runners on the corners.

Max Muncy singled to right to drive in Bellinger for a 4-0 lead. Verdugo hit a tapper in front of the plate that moved the runners to second and third, and Taylor followed with a single to right to make it 6-0, ending Chacin’s day.

Verdugo hit a solo homer off Chase Anderson in the fifth to make it 7-0.

The Brewers ended the shutout when Eric Thames scored Jesus Aguilar with a sacrifice fly in the eighth to make it 7-1.

Brewers right fielder Christian Yelich, who came into the series hitting .467, was removed after 5 1/2 innings. He went 2-for-12 in the three games against the Dodgers and was hitless in his past eight at-bats.

–Field Level Media

Source: OANN

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Boyfriend of slain South Carolina student says he was tracking her whereabouts by phone during abduction

The boyfriend of 21-year-old Samantha Josephson, the University of South Carolina student who was killed last week after mistakenly getting into a car she thought was her Uber ride, said he was tracking her whereabouts on his phone during her abduction, a local station reported.

At a vigil for Jacobson on Tuesday, Greg Corbishley said he wanted to make sure she got home safely that night, and immediately knew something was wrong, FOX 8 of High Point, N.C., reported.

SOUTH CAROLINA MAN CHARGED WITH KIDNAPPING, MURDER OF COLLEGE STUDENT ACTIVATED CHILD LOCKS IN CAR, POLICE SAY

"Unfortunately, I was two-and-a-half hours away. I would do anything to go back,” he said through tears.

Josephson, a New Jersey resident, mistakenly got into the vehicle of 24-year-old Nathaniel David Rowland’s car in Columbia, S.C.,, thinking he was her Uber driver, authorities have said. Rowland allegedly activated the vehicle's child safety locks so she couldn’t escape, they added.

The student's body was found dumped in the woods 65 miles away. The coroner said she died of multiple “sharp force injuries.”

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Rowland was charged with her murder after her blood and cellphone were found in his car.

Source: Fox News National

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Connecticut baseball field doused in gasoline, set ablaze to dry out for HS game: report

A wet Connecticut baseball field was doused with 24 gallons of gasoline and set on fire Saturday in a bizarre attempt to dry the field for a high school game.

Ridgefield High School's baseball team was scheduled to play against a rival school at Governor Park that morning, but the grass was too wet to safely play, Ridgefield officials wrote on the town's Facebook page.

At some point, a “poor decision” was made to “dry the field quicker” by dousing the field with 24 gallons of gasoline and set it on fire, the post read.

Authorities were quickly notified and the Connecticut Department of Energy and Environmental Protection’s hazmat group responded to the scene, WTNH reported. The game was postponed and there were no reported injuries.

GRASS-CHOMPING GOATS ESCAPE ONTO HIGHWAY, FORCING TEMPORARY CLOSURE

It wasn’t immediately clear who was responsible. Town officials cited by WABC estimated the cost to replace the contaminated soil with fresh soil will be about $50,000.

Captain Shawn Platt told WTNH that authorities have opened “an active investigation of who instructed, if anybody instructed.”

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The field is expected to remain closed for several weeks, WABC reported. Ridgefield is located about 40 miles west of New Haven and about 60 miles north of New York City.

Source: Fox News National

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Mastercard to invest 300 million pounds in Network International IPO

Illustration photo of a Mastercard logo on a credit card
A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/Illustration

March 26, 2019

LONDON (Reuters) – Global payments giant Mastercard has said it will invest 300 million pounds ($396.03 million) as a cornerstone investor in the planned London float of payments processor Network International.

Dubai-based Network International is the largest payments processor in the Middle East and Africa and set to be the first international IPO in London this year.

Network International is targeting a valuation of around $3 billion according to banking sources.

Mastercard said it would invest in shared projects with Network International in the Middle East and Africa as part of the deal.

Network International is currently jointly owned by Dubai bank Emirates NBD and private equity firms Warburg Pincus and General Atlantic

Mastercard said its investment would be based on the same terms as institutional investors participating in the IPO.

The deal is subject to Mastercard’s ownership being limited to 9.99 percent and Network International achieving a free float of at least 25 percent.

(Reporting by Iain Withers; Editing by Rachel Armstrong)

Source: OANN

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Pete Buttigieg’s Fake Feud With Mike Pence

Tucker Carlson said Democrats use victimhood status and oppression to seem relatable to voters in the monologue of his Wednesday FOX News program.

TUCKER CARLSON, FOX NEWS: Imagine being a Democratic presidential candidate right now. It’s pretty hard to stand out. There seem to be dozens of them, possibly as many as a thousand. It’s a big group but they don’t disagree on much. They’re not allowed to. Like all fundamentalist religious sects, the Democratic Party won’t tolerate dissent. Everyone believes the same things. The Amish have more intellectual diversity. As a Democratic, the only way to the nomination is by winning gold in the victimhood olympics. You’re got to convince voters that you’ve suffered more than anyone else in the field. That’s not always easy. Cory Booker, for example, grew up in an all-white neighborhood, the son of two IBM executives. He went to Stanford, Oxford, and then Yale Law School. Yet with a straight face Booker will tell you all about his triumph over racism. Kirsten Gillibrand came from privilege, and went to Dartmouth College. She was literally given a US Senate seat. She doesn’t mention any of that now. She talks about the sexism and harassment she supposedly faced. You see the point. In 2019, whining is power. Pete Buttigieg understands this. Buttigieg may be the least oppressed of all. Both his parents were college professors. He went to Harvard, and then to Oxford as a Rhodes Scholar. After that, Buttigieg spent three years at McKinsey. That’s where ruling class drones are taught the finer points of sucking up to corporate America. He got an “A” in that class.

Our system has been very good to Pete Buttigieg. If he’s a “victim,” who isn’t? The term has no meaning. So how does Buttigieg win his party’s victimhood olympics? Simple: with the Mike Pence story. Pence was the governor of Indiana when Buttigieg became mayor of South Bend. As Buttigieg has suggested recently, this set the two on a collision course. Buttigieg is gay. Pence is a traditional Christian. Meaning he pines for the social structure of 12th century, and above all passionately hates gay people. How much does he hate them? Watch this explosive exchange from 2015, where Pence was asked directly about Buttigieg. You can see the rage in his eyes, the venom that flecks his lips. He looks dangerous. Brace yourself for this:
 
I hold Mayor Buttigieg in the highest personal regard. We have a great working relationship. I see him as a dedicated public servant, and a patriot.
 
See that? Could you feel the hate? “Highest personal regard.” In other words, “away from me, sinner! You are filthy and disgusting.” “Great working relationship,” says Pence. Sure. Among evangelicals, that’s code for, “Once I establish my theocracy, I will throw you in my dungeon and let you rot for eternity.” “Dedicated public servant. Patriot.” Oh please. Pence might as well have spit in Buttigieg’s face and called him a reprobate. It’s the same thing: gay bashing. 
 
Buttigieg responded to attacks like these as you’d expect. He gave Governor Pence an “I Love South Bend” shirt and joined him on a fitness walk. Buttigieg wrote about it on Facebook at the time if you want to read the unnerving details. To this day, he seems traumatized by the experience. Buttigieg recently told a crown in Austin to not, quote, “judge my state by our former governor.” He accused Pence of “social extremism” and dubbed him a “cheerleader of the porn star presidency.” On CNN, he suggested that even god disapproves of Mike Pence:
 
My marriage to Chasten has made me a better man and yes Mr. VP it has moved me closer to God.

And that’s the thing I wish the Mike Pences of the world would understand that if you have a problem with who I am your problem is not with me. Your quarrel sir is with my creator.


 
You can imagine how Pence responded to this. When you call out a man as hateful as Mike Pence, you’re likely to get a hate tsunami in return. And that’s exactly what Pence delivered. Watch:
 
I've known Mayor Pete for many years. We've worked very closely together when I was governor and I considered him a friend and he knows I don't have a problem with him.
 
Oh, these Evangelicals. When will they start loving their enemies? Pete Buttigieg, by contrast, is an Episcopalian. He expresses his Christian faith by defending late term abortion and relentlessly attacking people who’ve been kind to him. It’s more effective than talking about the city he leads. In 2015, South Bend had a higher murder almost the same as Chicago’s. Aggravated assaults more than tripled since Buttigieg became mayor. Rapes have nearly doubled. Buttigieg doesn’t want to talk about any of that. He wants to talk about the real victim here: himself. 

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EU must assess Huawei risk despite lack of evidence: EU digital chief

The logo of Huawei Technologies is pictured atop the German headquarters of the Chinese telecommunications giant in Duesseldorf
The logo of Huawei Technologies is pictured atop the German headquarters of the Chinese telecommunications giant in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay

February 20, 2019

BRUSSELS (Reuters) – The European Union must assess the risk of using Huawei’s telecoms equipment despite the absence of evidence of spying by the Chinese company, EU digital chief Andrus Ansip said on Wednesday.

Huawei, the world’s biggest telecoms equipment company, is facing intense scrutiny in the West over its ties with China’s government and U.S.-led allegations that its devices could be used by Beijing for spying.

The fact that the company is subject to Chinese intelligence laws is worrying, European Commission Vice-President Ansip said.

“Yes, we have to deal with risk assessment. They say you do not have solid evidence. Sorry, that is another topic,” he told a cybersecurity conference.

“Because of these intelligence laws, we have to deal with risk assessment. It is too late for us when we will have enough solid evidence made available publicly,” Ansip said.

The EU is counting on its cybersecurity act, directive on security of network and information systems (NIS) and foreign direct investment screening regulation to stave off cybersecurity threats.

Britain has not seen any evidence of malicious activity by Huawei, the head of its National Cyber Security Center told the same conference.

(Reporting by Foo Yun Chee; editing by David Evans)

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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