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Vogue magazine makes comeback in Greece as debt crisis ebbs

The front page of Vogue magazine is seen in Athens
The front page of Vogue magazine is seen in Athens, Greece, March 31, 2019. REUTERS/George Georgiopoulos

March 31, 2019

By George Georgiopoulos

ATHENS (Reuters) – Fashion magazine Vogue hit the newsstands in Greece on Sunday, relaunched after a seven-year absence as publishers bet that the country’s economic recovery after a debt crisis will revive an appetite for glossy fashion and lifestyle prints.

Vogue Greece will be the luxury magazine’s 26th international edition, run by a 29-year old editor-in-chief Thaleia Karafyllidou.

The fashion bible’s publisher Conde Nast International has teamed up with Kathimerines Ekdoseis and the monthly edition will be distributed with Sunday’s Kathimerini newspaper, which is celebrating 100 years in print in 2019.

It will also hit newsstands in Greece and Cyprus.

“Dear Vogue Greece, welcome back again,” Anna Wintour, Vogue editor-in-chief since 1988, wrote in the Greek comeback edition titled “Eyes on the future” and starring model Bella Hadid on its cover.

“Your return after years of absence fills us with joy. Greece faced problems and lived dramatic moments, I can only imagine how tough it was. However, the signs of recovery are now visible, even here in America.”

Vogue Hellas originally came out in Greece in March 2000, published by Lyberis Publications, one of the kings of glossy magazines in the 1990s that also produced popular, trend-setting titles such as Status, Life & Style and Glamour.

Lyberis went bankrupt in 2012 when advertising dried up during the economic crisis that sent the country’s unemployment to nearly 28 percent, dampening appetites for high fashion and lifestyle goods.

The relaunch will also have a digital edition as it bets on a successful return in a magazine market hurt by declining readership and advertisers.

Greece’s recovery after a lengthy recession that shrank its economy by a quarter remains on track. Last year, the economy expanded by 1.9 percent while unemployment has come down to 18 percent.

(Reporting by George Georgiopoulos; Editing by Marie-Louise Gumuchian)

Source: OANN

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Howard Schultz concerned by Biden accusations, but also questions timing

Onetime Starbucks CEO Howard Schultz called allegations involving former Vice President Joe Biden’s behavior toward women “concerning.” At the same time, he seemed to raise some questions about the timing of those allegations.

Schultz, speaking at a Fox News town hall in Kansas City, Mo., discussed whether the recent claims of inappropriate behavior toward women disqualified Biden from seeking the presidency in 2020.

HOWARD SCHULTZ: CAN’T THINK OF 2 BUSINESSMEN MORE DIFFERENT THAN TRUMP AND MYSELF

“I think the voters have to decide whether or not he’s suitable" to run or be president, he said. “but there’s no room in American life to do anything that would disrespect women.”

When pressed further about a growing list of accusers -- three more women came forward with accusations on Thursday --  Schultz said he believed Biden’s behavior was “inconsistent with how to behave and how to respect woman and it’s concerning.”

But Schultz added that while he had no reason to question any of the women accusing the former vice president, he felt that the timing of the claims was “concerning.”

PRESIDENT TRUMP MOCKS JOE BIDEN BY TWEETING DOCTORED ‘APOLOGY’ VIDEO: ‘WELCOME BACK JOE!”  

“Vice President Biden had served the county for 40 years, has been vice president for eight years. The only thing I would ask is one question: Why is this coming up now?”

He continued: “I’m not questioning the women on any level, but it's concerning to me that all of a sudden, on the eve of whether he was going to announce or not,  this is all of sudden coming up. It’s concerning.”

CLICK HERE TO GET THE FOX NEWS APP

Biden posted a video on Wednesday to social media in which he acknowledged that his physical displays of affection and encouragement have made some uncomfortable. He also promised to be “much more mindful” of respecting personal space.

Fox News’ Kathleen Joyce contributed to this report.

Source: Fox News Politics

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EU’s Tusk says short Brexit delay possible if UK backs divorce deal

President of the European Council Donald Tusk is seen at the start of EU Tripartite Social Summit in Brussels
President of the European Council Donald Tusk is seen at the start of EU Tripartite Social Summit in Brussels, Belgium March 20, 2019. REUTERS/Yves Herman

March 20, 2019

BRUSSELS (Reuters) – European Council President Donald Tusk said on Wednesday that granting Britain a short postponement of Brexit was possible on the condition that Britain’s House of Commons votes in favor of the stalled divorce agreement next week.

Should that happen, Tusk said no extraordinary EU leaders’ summit would be needed next week before the current Brexit date of March 29. Otherwise, he might call the 27 national leaders of EU countries staying on together after Brexit back to Brussels.

“In the light of the consultations that I have conducted over the past days, I believe that a short extension will be possible, but it will be conditional on a positive vote on the withdrawal agreement in the House of Commons,” Tusk told journalists before chairing the EU leaders’ talks in Brussels this Thursday and Friday.

(Reporting by Philip Blenkinsop, Gabriela Baczynska)

Source: OANN

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The Latest: Suspect in student’s death not at hearing

The Latest on the killing of a South Carolina college student (all times local):

4:35 p.m.

The man charged with kidnapping and killing a college student who police say mistakenly got into his car did not appear at a jail hearing.

Nathaniel David Rowland will remain in jail at least until his bond hearing at an undetermined date.

Police say the 24-year-old Rowland killed 21-year-old University of South Carolina student Samantha Josephson on Friday after she got into his car thinking it was her Uber ride.

The State newspaper reported the judge at Sunday's hearing allowed Josephson's mother to speak.

Marci Josephson said her daughter was bubbly, loving and full of life and planned to go to law school after graduating in May.

___

11:30 a.m.

Authorities say a South Carolina college student kidnapped and killed after mistakenly getting into what she thought was a ride share car had wounds all over her body.

Arrest warrants released Sunday morning said 21-year-old Samantha Josephson had numerous wounds to her head, neck, face, upper body, leg, and foot. The documents didn't say what was used to attack the University of South Carolina student.

Authorities have charged 24-year-old Nathaniel David Rowland with murder and kidnapping.

The arrest warrants say a large amount of what DNA testing showed to be Josephson's blood was found inside Rowland's vehicle and trunk after police say he was arrested early Saturday just blocks away from where Josephson was kidnapped the night before.

The warrants say Rowland turned on the child locks in his vehicle so the back doors could only be opened from the outside and also had turned on the window locks.

___

10:45 a.m.

Authorities say the man who kidnapped and killed a South Carolina college student who mistakenly thought she was getting in her ride share car was arrested in the same area the next night.

Columbia Police Chief Skip Holbrook says 24-year-old Nathaniel David Rowland will be charged with kidnapping and murder in the death of 21-year-old Samantha Josephson.

Holbrook says quick DNA testing determined Josephson's blood was in Rowland's car after his arrest Saturday near the same bar district in Columbia where Josephson was kidnapped the night before. The chief says her cellphone was also found in the vehicle.

Holbrook says Rowland activated the child locks so the back doors could only be opened from the outside.

Rowland is being held without bond. It wasn't known if he had a lawyer.

Source: Fox News National

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Trump orders firing of Secret Service chief: CNN

U.S. Secret Service Director Alles Participates in News Conference on Elder Fraud
U.S. Secret Service Director Randolph Alles participates in a news conference about "significant law enforcement actions related to elder fraud" in Washington, U.S. March 7, 2019. REUTERS/Erin Scott

April 8, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump has ordered the firing of the U.S. Secret Service director, CNN reported on Monday, one day after the resignation of another top national security official, Homeland Security Secretary Kirstjen Nielsen.

Trump instructed his acting chief of staff Mick Mulvaney to fire Secret Service Director Randolph Alles, CNN reported, citing multiple administration officials. One official described the firings as “a near-systematic purge” at the Department of Homeland Security.

The White House did not immediately respond to a request for comment.

(Reporting by Makini Brice and Doina Chiacu; Editing by Chizu Nomiyama)

Source: OANN

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Australia’s AMP scraps short-term bonuses to avert possible board spill

FILE PHOTO: The logo of AMP adorns the head office of Australia's biggest retail wealth manager in Sydney
FILE PHOTO: The logo of AMP adorns the head office of Australia's biggest retail wealth manager in Sydney, Australia, May 5, 2017. REUTERS/David Gray/File Photo

March 20, 2019

By Paulina Duran

SYDNEY (Reuters) – Australia’s AMP Ltd <AMP.AX> on Wednesday said it will not pay short-term bonuses to most executives, a move that could help it avoid possible board removal should investors vote against its remuneration practices for the second consecutive year.

The country’s largest listed wealth manager has been embroiled in accusations of deception at a government-mandated inquiry into misconduct in the financial sector. The business subsequently lost its chairman and chief executive officer and haemorrhaged billions of dollars in funds.

“The board understands that many of our shareholders are disappointed with AMP’s business and financial performance in 2018,” Chairman David Murray said in the wealth manager’s annual report published on Wednesday.

“Reflecting the circumstances of last year, the board decided to award zero short-term incentives for AMP’s group leadership team in 2018,” excluding unit AMP Capital, which was not directly connected to any accusations raised in the inquiry.

The deferred part of bonuses for a number of former executives will also be forfeit, Murray said.

AMP believed shareholders had voted against pay plans last year in response to “wider issues” in the business as well as concerns about its remuneration framework, which was now being re-designed, Murray said.

Under Australian corporate rules, if more than a quarter of shareholders vote against a pay proposal for two years running, they can call for the board to be removed.

The annual report also showed Francesco De Ferrari, who began his term as chief executive officer on Dec. 1, was paid A$1.2 million ($847,440) cash in 2018, reflecting a buy-out payment to leave previous employer Credit Suisse Group AG <CSGN.S>.

At the year-long Royal Commission inquiry last year, AMP revealed it charged fees without rendering services and had attempted to deceive regulators. The wealth manager denied any malicious intention and said the causes were administrative.

($1 = 1.4160 Australian dollars)

(Reporting by Paulina Duran; Editing by Christopher Cushing)

Source: OANN

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Factbox: Guilty pleas, indictments abound in Trump-Russia probe

The U.S. Capitol is seen in Washington after Special Counsel Mueller handed in report on Trump-Russia investigation in W
The U.S. Capitol is seen after Special Counsel Robert Mueller handed in a keenly awaited report on his investigation into Russia's role in the 2016 presidential election and any potential wrongdoing by U.S. President Donald Trump in Washington, U.S., March 22, 2019. REUTERS/Joshua Roberts

March 22, 2019

(Reuters) – Special Counsel Robert Mueller’s investigation into Russia’s role in the 2016 U.S. election has ensnared dozens of people, including several advisers to President Donald Trump and a series of Russian nationals and companies.

Rod Rosenstein, the No. 2 U.S. Justice Department official, in May 2017 appointed Mueller to look into Russian interference, whether members of Trump’s campaign coordinated with Moscow officials and whether the Republican president has unlawfully sought to obstruct the probe. Mueller has charged 34 people and three companies.

Trump denies collusion and obstruction. Russia denies election interference.

Mueller has handed in a report on his investigation, the Department of Justice said on Friday.

The following are those who have pleaded guilty or have been indicted in Mueller’s inquiry. (Graphic: https://tmsnrt.rs/2RwJarW)

PAUL MANAFORT

Manafort, Trump’s former campaign chairman, guilty of five counts of tax fraud, was sentenced to a combined 7-1/2 years in prison in two cases brought by Mueller in which he was convicted by a jury in Virginia in August 2018 and pleaded guilty a month later in Washington.

In Virginia, he was found guilty of five counts of tax fraud, two counts of bank fraud and one count of failing to disclose foreign bank accounts.

Manafort, who prosecutors said tried to conceal from the U.S. government millions of dollars he was paid as a political consultant for pro-Russian Ukrainian politicians, pleaded guilty to two counts of conspiracy in a separate case in Washington and agreed to cooperate with Mueller. The Washington case had focused on accusations of money laundering and failing to report foreign bank accounts, among other charges.

A judge on Feb. 13 ruled that Manafort had breached his agreement to cooperate with Mueller by lying to prosecutors about three matters pertinent to the Russia probe including his interactions with a business partner, Konstantin Kilimnik, who they have said has ties to Russian intelligence.

MICHAEL COHEN

Cohen, Trump’s former personal lawyer, pleaded guilty in August 2018 to crimes including orchestrating “hush money” payments before the 2016 election to women who have said they had sexual encounters with Trump, violating campaign laws. That case was handled by federal prosecutors in New York, not Mueller’s office.

As part of a separate agreement with Mueller’s team, Cohen pleaded guilty in November 2018 to lying to Congress about negotiations concerning a proposed Trump Tower in Moscow, a project that never materialized.

Cohen is due to report to prison on May 6 to begin serving a three-year prison sentence.

Cohen in February 2019 testified at a public hearing before a House of Representatives committee. He accused Trump of approving the “hush money” payments and knowing in advance about the 2016 release by the WikiLeaks website of emails that prosecutors have said were stolen by Russia to harm Democratic presidential candidate Hillary Clinton’s presidential bid. He said Trump implicitly directed him to lie about the Moscow real estate project.

He promised to keep cooperating with prosecutors and made multiple closed-door appearances before congressional panels.

MICHAEL FLYNN

Flynn, Trump’s national security adviser for less than a month in early 2017, pleaded guilty in December 2017 to lying to the FBI about his contacts with Russia during Trump’s presidential transition and agreed to cooperate with Mueller.

Trump fired him as national security adviser after it emerged that Flynn had misled Vice President Mike Pence and the FBI about his dealings with the then-Russian ambassador to the United States, Sergey Kislyak. His sentencing is pending.

ROGER STONE

The longtime Trump ally and presidential campaign adviser was charged in January 2019 with seven criminal counts including obstruction of an official proceeding, witness tampering and making false statements, pleading not guilty.

His trial date has been set for Nov. 5.

Prosecutors said Stone shared with members of the Trump campaign team advance knowledge of the plan by WikiLeaks to release the stolen Democratic emails. Prosecutors also accused him of trying to interfere with a witness, a radio host who matched the profile of Randy Credico.

RICK GATES

The former deputy chairman of Trump’s campaign, Gates pleaded guilty in February 2018 to conspiracy against the United States and lying to investigators. He agreed to cooperate with Mueller and testified as a prosecution witness against Manafort, his former business partner. His sentencing is pending.

KONSTANTIN KILIMNIK

A Manafort aide in Ukraine and a political operative described by prosecutors as linked to Russian intelligence, Kilimnik was charged in June 2018 with tampering with witnesses about their past lobbying for Ukraine’s former pro-Russian government.

Prosecutors said in January 2019 that Manafort shared political polling data with Kilimnik in 2016, providing an indication that Trump’s campaign may have tried to coordinate with Russians.

TWELVE RUSSIAN INTELLIGENCE OFFICERS

Twelve Russian intelligence officers were indicted by a federal grand jury in July 2018, accused of hacking the Clinton campaign and Democratic Party organizations as part of a Russian scheme to release emails damaging to Clinton during the 2016 race. They covertly monitored employee computers and planted malicious code, as well as stealing emails and other documents, according to the indictment.

THIRTEEN RUSSIAN NATIONALS, THREE COMPANIES

Thirteen Russians and three Russian companies were indicted in Mueller’s investigation in February 2018, accused of taking part in an elaborate campaign to sow discord in the United States ahead of the 2016 election and harm Clinton’s candidacy in order to boost Trump. The companies included: the Internet Research Agency, a St. Petersburg-based propaganda arm known for trolling on social media; Concord Management and Consulting; and Concord Catering.

GEORGE PAPADOPOULOS

The former Trump campaign adviser was sentenced in September 2018 to 14 days in prison after pleading guilty in October 2017 to lying to the FBI about his contacts with Russian officials, including a professor who told him the Russians had “dirt” on Clinton.

ALEX VAN DER ZWAAN

A lawyer who once worked closely with Manafort and Gates, Van Der Zwaan pleaded guilty in February 2018 to lying to Mueller’s investigators about contacts with a Trump campaign official. Van Der Zwaan, the Dutch son-in-law of one of Russia’s richest men, was sentenced in April 2018 to 30 days in prison and fined $20,000.

RICHARD PINEDO

Pinedo was not involved with the Trump campaign, but in February 2018 pleaded guilty to identity fraud in a case related to the Mueller investigation for helping Russian conspirators launder money, purchase Facebook ads and pay for supplies.

He was sentenced in October 2018 to six months in jail and six months of home detention.

(Compiled by Susan Heavey, Sarah N. Lynch, Jan Wolfe; Editing by Will Dunham and Grant McCool)

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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