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Nissan to reject new integration proposal from Renault – Nikkei

Renault CEO Thierry Bollore, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO Osamu Masuko cast their shadows at a joint news conference in Yokohama
FILE PHOTO: Renault CEO Thierry Bollore, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO Osamu Masuko cast their shadows at a joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon

April 22, 2019

(Reuters) – Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, Nikkei said on Monday, citing sources.

Nissan’s management feels the Japanese company has not been treated as an equal of Renault under existing capital ties, and a merger would make this inequality permanent, Nikkei said.

Renault has argued in its proposal that an integration would maximize synergies within the French-Japanese alliance, according to Nikkei.

The Financial Times had earlier reported in late March of Renault’s intention to restart merger talks with Nissan within 12 months.

The alliance between Renault and Nissan was first set up in 1999 and was expanded in 2016 to include Mitsubishi Motors.

A Nissan spokesman declined to comment, while Renault was not immediately available for a comment.

(Reporting by Bhargav Acharya in Bengaluru, additional reporting by Makiko Yamazaki; Editing by James Emmanuel)

Source: OANN

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Michael Moore Destroys Pelosi: Her ‘Old Tired Privileged Ways Are Over’

House Speaker Nancy Pelosi needs to step aside and let the far-left take over the Democrat Party, said far-left filmmaker Michael Moore.

Moore tore into Pelosi after her “60 Minutes” interview on Sunday where she bashed socialism, the far-left wing of her party, and their policy proposals.

“White people. Nobody likes giving up power. And they never see the writing on the wall. The new day arrives and no one has the heart to tell them they and their old tired privileged ways are over,” Moore tweeted Monday.

Pelosi ripped into socialism and the Democrats’ de facto leader Rep. Alexandria Ocasio-Cortez, saying the far-left wing of the party consisted of “like five people,” when in reality dozens of Dem lawmakers voted with her 95% of the time since January.

“I do reject socialism as an economic system. If people have that view, that’s their view. That is not the view of the Democratic Party,” Pelosi said.

“By and large, whatever orientation [House Democrats] came to Congress with, they know that we have to hold the center, that we have to go down the mainstream.”


Alexandria Ocasio-Cortez is now being criticized for changing her tone while speaking to a group of African Americans. Alex Jones calls in from the road to break down the condescending attitude now common on the left.

Source: InfoWars

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Biden accuser Lucy Flores says she’d vote for him over Trump despite misconduct claims

Lucy Flores, the Democrat and former candidate for lieutenant governor in Nevada, said she would support former Vice President Joe Biden over President Trump when asked who would get her vote in 2020 -- even though she's accused Biden of touching her inappropriately.

"That's not even a question. Of course I would support Biden,” Flores told CBS News on Monday.

In a piece published in New York Magazine’s The Cut last week, Flores accused Biden of putting his hands on her shoulders, smelling her hair and kissing the top of her head when he appeared at a rally in Las Vegas to support her 2014 campaign.

Biden has released multiple statements addressing the claim.

“In my many years on the campaign trail and in public life, I have offered countless handshakes, hugs, expressions of affection, support, and comfort. And not once – never – did I believe I acted inappropriately. If it is suggested I did so, I will listen respectfully. But it was never my intention,” Biden said Sunday. “I may not recall these moments the same way, and I may be surprised at what I hear. But we have arrived at an important time when women feel they can and should relate their experiences, and men should pay attention. And I will.”

WIFE OF FORMER DEFENSE SECRETARY CALLS BIDEN PHOTO MISLEADING

Flores told CBS News she was not satisfied with Biden’s response because he hasn’t acknowledged that his behavior was “inappropriate.”

"I think that in terms of when he talks about his motivation etcetera we really need to also acknowledge that it's not, it's not about the intent, it is about the person on the receiving end of that behavior, that unwanted behavior, and the way in which it makes that person feel, especially, especially in a situation where you have that kind of a power imbalance going on," Flores explained.

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A second woman has come forward with claims against the former vice president. Amy Lappos, a former congressional aide to Rep. Jim Himes, D-Conn., said Biden grabbed her head and neck and rubbed noses.

“When he was pulling me in, I thought he was going to kiss me on the mouth,” Lappos told The Hartford Courant.

Source: Fox News Politics

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Brexit withdrawal agreement no longer negotiable: Macron

FILE PHOTO: French President Emmanuel Macron delivers a speech during the closing session of the Intelligence College in Europe meeting at the Foreign Affairs Ministry in Paris
FILE PHOTO: French President Emmanuel Macron delivers a speech during the closing session of the Intelligence College in Europe meeting at the Foreign Affairs Ministry in Paris, France March 5, 2019. Ludovic Marin/Pool via REUTERS/File Photo

March 13, 2019

NAIROBI (Reuters) – French President Emmanuel Macron said Britain would need to come up with a clear reason for requesting an extension to the March 29 deadline for leaving the European Union, saying extra time could not be used to renegotiate the withdrawal.

“The withdrawal agreement is not negotiable,” Macron said during a visit to Kenya. “If the British ask for a delay it could perhaps be a technical delay to allow more time to put their departure in place.

“But if an additional delay is requested, they need to explain why,” he added. “It cannot be to allow more negotiations over something we’ve already negotiated for many months and said cannot be further negotiated.”

The British parliament on Tuesday rejected the withdrawal agreement Prime Minister Theresa May negotiated with the European Union, raising the likelihood that Britain will either leave the EU without a deal or try to ask for more time.

(Reporting by John Irish in Nairobi; Writing by Luke Baker; Editing by Richard Lough)

Source: OANN

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NATO to receive first Northrop surveillance drone, years late

A German soldier holds NATO flag during a ceremony to welcome the German battalion being deployed to Lithuania as part of NATO deterrence measures against Russia in Rukla
FILE PHOTO - A German soldier holds NATO flag during a ceremony to welcome the German battalion being deployed to Lithuania as part of NATO deterrence measures against Russia in Rukla, Lithuania February 7, 2017. REUTERS/Ints Kalnins

March 18, 2019

By Andrea Shalal

BERLIN (Reuters) – NATO is to receive the first of five Northrop Grumman high-altitude drones in the third quarter after years of delays, giving the alliance its own spy drones for the first time, the German government told lawmakers.

Thomas Silberhorn, state secretary in the German Defence Ministry, said the NATO Alliance Ground Surveillance (AGS) drone would be delivered to an air base in Sigonella, Italy, followed by four additional systems, including drones and ground stations built by Airbus, later in the year.

NATO plans to use the aircraft, a derivative of Northrop’s Global Hawk drone, to carry out missions ranging from protection of ground troops to border control and counter-terrorism. The drones will be able to fly for up to 30 hours at a time in all weather, providing near real-time surveillance data.

Northrop first won the contract for the AGS system from NATO in May, 2012, with delivery of the first aircraft slated for 52 months later. However, technical issues and flight test delays have delayed the program, Silberhorn said.

Andrej Hunko, a member of the radical Left opposition party, called for Germany to scrap its participation in the program, warning of spiraling costs and the risk that it could escalate the conflict in eastern Ukraine.

“The drones are closely linked to a new form of warfare,” he said. “They stand for an arms race that will see existing surveillance and spy systems replaced with new platforms.”

Silberhorn, in a previously unreported response to a parliamentary query from Hunko, said NATO had capped the cost of the program at 1.3 billion euros ($1.47 billion) in 2007.

Germany, which is funding about a third of system, scrapped plans to buy its own Global Hawk drones amid spiraling costs and certification problems, and is now negotiating with Northrop to buy several of its newer model Triton surveillance drones.

Fifteen NATO countries, led by the United States, will pay for the AGS system, but all 29 alliance nations are due to participate in its long-term support.

Germany has sent 76 soldiers to Sigonella to operate the surveillance system and analyze its findings, Silberhorn said. He said a total of 132 German soldiers would eventually be assigned to AGS, of whom 122 would be stationed in Sigonella.

NATO officials had no immediate comment on the program status or whether Northrop faced penalties for the delayed delivery.

No comment was available from Northrop.

(1 euro = $1.1336)

(Reporting by Andrea Shalal, editing by Ed Osmond)

Source: OANN

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Children of Jamal Khashoggi receiving homes, ‘blood money’ from Saudis: report

Saudi Arabia has given multimillion-dollar homes and monthly five-figure payments to the children of Jamal Khashoggi, the Washington Post writer who was killed in a Saudi Consulate in Istanbul last October, as compensation for their father’s death, according to a report.

The reported payments to Khashoggi’s two sons and two daughters are part of a long-term arrangement to ensure they refrain from speaking out, the Washington Post reported, citing information from current and former Saudi officials.

The children will also likely receive additional payments of tens of millions of dollars apiece in “blood money negotiations” after the trials of their father’s accused killers are concluded later this year, the officials said, according to the report.

Khashoggi’s death stoked world-wide condemnation of the Saudi Kingdom and Crown Prince Mohammed bin Salman. A preliminary CIA investigation determined that the prince had ordered Khashoggi’s death because of his outspokenness in criticizing the kingdom.

NGOS URGE FRANCE TO BAN ARM SALES TO SAUDI ARABIA

The prince has denied any involvement in Khashoggi's death. Late last year, Salman approved $10,000 monthly payments to Khashoggi’s children to acknowledge that “a big injustice has been done,” a former official told the Washington Post.

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One official cited by the Post insisted that the payments were consistent with the Saudi tradition of providing victims of violent crime or natural disasters with financial compensation.

"Such support is part of our custom and culture," the official reportedly said. "It is not attached to anything else."

Source: Fox News World

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Colombia’s Avianca cancels 17 Airbus plane orders, delays 35 deliveries

FILE PHOTO - Hernan Rincon, executive president and CEO of AVIANCA Holdings S.A., speaks during a news conference at Monsignor Oscar Arnulfo Romero International Airport in San Luis Talpa
FILE PHOTO - Hernan Rincon, executive president and CEO of AVIANCA Holdings S.A., speaks during a new aircraft presentation ceremony at Monsignor Oscar Arnulfo Romero International Airport in San Luis Talpa, El Salvador May 7, 2018. REUTERS/Jose Cabezas

March 15, 2019

SAO PAULO (Reuters) – Colombian airline Avianca Holdings canceled an order of 17 Airbus A320 Neo aircraft and delayed deliveries on 35 others, according to a securities filing on Friday.

Avianca said this would reduce its financial commitments between 2020 and 2022 by $2.6 billion. The Colombian carrier has shifted its strategy to focus on profitability from growth.

The airline is following in the footstep of regional rival LATAM Airlines, which in recent months has said it was reducing future fleet commitments by $2.2 billion.

Avianca, United Continental Holdings Inc and Panama’s Copa Holdings announced late last year that they would form an alliance to try to expand their reach in the Latin American market, excluding Brazil.

Avianca is separate from Avianca Brasil, a struggling carrier that filed for bankruptcy in December, although they share owners. Up until last month, the two airlines had been carrying out due diligence for a potential merger, but that process has been suspended.

(Reporting by Marcelo Rochabrun; Editing by Christian Plumb and Grant McCool)

Source: OANN

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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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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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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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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