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Jet lagged Azarenka ousts Zvonareva in Stuttgart

WTA International - Monterrey Open - Final
FILE PHOTO - Tennis - WTA International - Monterrey Open Final - Club Sonoma, Monterrey, Mexico - April 7, 2019 Belarus' Victoria Azarenka in action during her Final match against Spain's Garbine Muguruza REUTERS/Daniel Becerril

April 24, 2019

(Reuters) – Belarusian Victoria Azarenka made a winning return to Stuttgart with a 7-5 6-4 victory over Russia’s Vera Zvonareva in what was an engrossing battle in the first round of the Porsche Tennis Grand Prix on Wednesday.

Azarenka, a former world number one, was pushed in the opening set, especially by Zvonareva’s first serve, but fought back to break her four times in the match. The last time the pair met was in 2011 when they were both ranked in the top 10.

“We’re both in completely different stages of our careers, we’re both moms,” Azarenka said after her win in a match that lasted an hour and 45 minutes.

“I think I’m playing better than I used to before, I believe I’m much more of a complete player than I used to be. I’m in the process of building my game up again.”

The 29-year-old, a two-times Australian Open champion, also had to overcome jet lag after competing in the Fed Cup semi-final in Australia at the weekend.

“I have no idea right now of the time or what’s happening,” she told reporters. “The flight from Australia was so long I felt like it was never going to end! It was a huge challenge for me today and I’m very happy with the way I handled it.”

Azarenka will take on fourth seed and defending champion Karolina Pliskova next for a spot in the quarter-finals.

Earlier, Switzerland’s Belinda Bencic started the tournament strongly with a 6-2 6-4 victory over qualifier Mandy Minella, in a match that lasted 75 minutes.

Bencic, who ended a four-year title drought in February when she beat world number three Petra Kvitova in Dubai, struck 24 winners with her aggressive returns dominating the Luxembourger. The result pits Bencic against sixth seed Kiki Bertens.

Last year’s semi-finalist Anett Kontaveit of Estonia breezed past France’s Caroline Garcia with a 6-4 6-3 win while Donna Vekic beat Giulia Gatto-Monticone 6-1 7-5 to advance.

2011 champion Julia Goerges’ first match was cut short by injury with the German forced to retire when she was trailing 4-0 in the final set to Anastasia Pavlyuchenkova. Goerges had taken the first set 6-4 before the Russian took the second 6-2.

(Reporting by Rohith Nair in Bengaluru; Editing by Toby Chopra)

Source: OANN

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India’s Supreme Court chief justice denies sexually harassing assistant

FILE PHOTO: India's Supreme Court is pictured through a gate in New Delhi
FILE PHOTO: India's Supreme Court is pictured through a gate in New Delhi, India May 26, 2016. REUTERS/Anindito Mukherjee/File Photo

April 20, 2019

MUMBAI (Reuters) – The chief justice of India’s Supreme Court, Ranjan Gogoi, on Saturday denied allegations that he made unwanted sexual advances toward a junior court assistant who worked in an office at his home and that she was subsequently victimized.

“This is unbelievable,” Gogoi, India’s most powerful judge, told a special hearing of the court he called on Saturday so that the allegations could be addressed. “I should not stoop low even in denying it.”

Gogoi said the events showed that India’s judiciary was under “serious threat” and was being destabilized by a larger conspiracy, without elaborating.

“There is some bigger force behind the woman,” he said.

The allegations, dating from October, were carried in full by a number of major Indian online publications on Saturday.

The 35-year-old woman, whose identity has not been publicly disclosed, wrote a letter to all 22 of the Supreme Court judges along with an affidavit detailing her allegations on Friday.

Those included a series of allegations that the woman and her family were victimized by a series of related actions by the authorities, including the termination of her employment, and the suspension of her husband and his brother, who worked in the Delhi police force.

She also says another brother of her husband’s had his Supreme Court job terminated and she also faced a “false and frivolous” bribery complaint, leading to her arrest and subsequent bail.

“Me and my family’s victimization is a consequence of my not agreeing to the sexual advances made by the Chief Justice of India, Justice Rangan Gogoi,” she said in the letter to the judges.

Justice Arun Mishra, who joined Gogoi on the bench for the special hearing, said the allegations were “wild and baseless”.

The court asked the media to show restraint in covering the case to avoid undermining the reputation and independence of the judiciary, though it decided not to issue a gag order.

(Reporting by Suchitra Mohanty; Writing by Swati Bhat; Editing by Martin Howell and Alison Williams)

Source: OANN

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U.S. looking at responses to unilateral digital taxes: Treasury official

FILE PHOTO: Apple company logos are reflected on the glass window outside an Apple store in Shanghai
FILE PHOTO: Apple company logos are reflected on the glass window outside an Apple store in Shanghai, China January 3, 2019. REUTERS/Aly Song/File Photo

March 12, 2019

PARIS (Reuters) – The U.S. government is looking at how to respond to plans by governments such as France and Britain for taxes specifically targeting digital companies, a senior U.S. Treasury official said on Tuesday.

France and Britain as well as Italy and Spain are pushing ahead with plans for such taxes at the national level after EU countries failed to reach an agreement for the bloc as a whole.

Other countries outside the EU such as Australia are also planning such taxes in the absence of a broader reform of international tax rules to account for the rise of big digital companies such as Apple, Google and Facebook.

Chip Harter, the U.S. Treasury’s top international tax official, said such unilateral taxes were “ill conceived” and that it was better to pursue broader international tax reform at the Organisation for Economic Co-operation & Development (OECD).

“The challenges facing the international tax system are just far broader than how to tax social media and search engines,” Harter told journalists in Paris before talks at the OECD, a club of mostly wealthy nations, later this week.

The emergence of digital giants has pushed international tax rules to the limit because they can book profits in countries with the lowest taxes no matter where the customer is, which some countries like France say is unfair.

“The United States opposes any digital services tax proposals whether they be French or UK,” Harter said.

“What we have seen of the most recent French proposals, we view them as highly discriminatory against U.S. businesses … Various parts of our government are studying whether that discriminatory impact would give us rights under trade agreements, WTO, treaties,” he added.

Global reform of international tax rules have been debated for years but progress has been slow in the face of widely varying national interests.

A new push is under way at the Paris-based OECD after nearly 127 countries and territories agreed in January that any revision of global tax rules should tackle some of the most vexed issues, such as how to divide up the right to tax digital firms’ cross-border income between countries.

Speaking in a public session of a meeting of EU finance ministers, Romania’s Eugen Teodorovici said EU governments will focus on trying to reach a common position over the OECD-led overhaul.

If that reform were delayed beyond 2020, the EU could restart talks for its own tax, after they foundered because of the opposition of some governments in the 28-nation bloc.

(Reporting by Leigh Thomas; Additional reporting by Francesco Guarascio; Editing by Alison Williams)

Source: OANN

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Trump says U.S. doing well in trade talks with China

The Governors' Ball at the White House
FILE PHOTO: U.S. President Donald Trump speaks on U.S. and China trade negotiations at the Governors' Ball, in the State Dining Room of the White House, in Washington, U.S., February 24, 2019. REUTERS/Al Drago

March 14, 2019

WASHINGTON (Reuters) – President Donald Trump said on Thursday the United States was doing very well in trade talks with China, but that he could not say whether a final deal would be reached.

“We’re doing very well with China talks,” Trump told reporters at the White House as he sat down to meet Irish Prime Minister Leo Varadkar. “We’re getting what we have to get, and I think we’re getting it relatively quickly.”

“As to whether or not we’ll strike a final deal, that I would never want to say,” he added. “If it’s not a deal that’s a great deal for us, we’re not going to make it.”

Trump decided last month not to increase tariffs on Chinese goods at the beginning of March, giving a nod to the success of negotiations so far. But hurdles remain.

He and Chinese President Xi Jinping had been expected to hold a summit at the president’s Mar-a-Lago property in Florida later this month, but no date has been set and no in-person talks between their trade teams have been held in more than two weeks.

Bloomberg, citing unnamed sources, reported on Thursday that a meeting between the two was more likely to take place in April at the earliest, while a person familiar with the matter told Reuters there “were rumblings” about a possible meeting late next month.

(Reporting by Jeff Mason; writing by Tim Ahmann)

Source: OANN

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Cold case detectives charge Florida man with murder in wife’s 1979 disappearance in Wisconsin

A mother of two who disappeared 40 years ago was murdered by her husband, Wisconsin cold case detectives said this week.

Muskego Police charged John Bayerl, 78, of Fort Meyers, Fla., with first-degree murder in the death of 38-year-old Dona Mae Bayerl on May 6, 1979. Her body has not been found. Bayerl showed up in a Wisconsin courtroom Thursday in a wheelchair and was jailed.

The Bayerls were the parents of two girls, Jodie, 7, and Jackie, 4, at the time of the disappearance.

"The police would come I would just tell them basically what I was told from my dad I think, which was that I went to bed, he heard some noises like a door slam or something like that and when I woke up she wasn't there," daughter Jodie Jarvis said in 2017, WTMJ-TV reported Thursday. "Just imagine if you didn't know where your mother was. It's not a nice way to grow up."

NEW HAMPSHIRE COLD CASE UNIT SOLVES 5 DECADE OLD MURDER

Muskego police believed Dona Mae did not leave of her own free will, according to the City of Muskego website. Police found her blood in the garage.

“A circumstantial case was developed against a suspect, but no charges were issued, because of lack evidence,” according to the site, which lists Dona Mae’s disappearance as “Cold Case #1” and also reports she was officially declared dead in 1986.

According to police, a break in the case led to Bayerl’s arrest Feb. 15 in Florida, Patch Fox Point-Bayside reported Thursday.

SKULL DISCOVERED IN CALIFORNIA LINKED BY DNA TO COLD CASE KILLING OF MOTHER OF 2

The criminal complaint against Bayerl says Muskego Det. Steve Westphal went to Florida seven months ago to update Bayerl on the investigation.

After admitting cheating on his wife, Bayerl told the detective “he knows in his mind, he is not guilty of anything other than being a bad husband,” according to the complaint which WDJT-TV posted on its website Thursday.

Source: Fox News National

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Rep. Maloney: 9/11 First Responders Deaths Climbing

The number of first responders who have died of cancer and other complications after the 9/11 attacks in 2001 will soon surpass the number of people who were killed in the attack itself, Rep. Carolyn Maloney, D-N.Y., said Monday, speaking out in favor of a bipartisan bill that will make a compensation fund permanent.

"We have 85 members of Congress already on our bill before we've introduced it, the Never Forget the Heroes Act, which would restore any funding that's been cut and make the Victims Compensation Fund permanent," Maloney said told MSNBC's "Andrea Mitchell Reports." "We will not stop until we pass this."

The 9/11 compensation fund is running out of money and will cut future payments by 50 to 70 percent, officials said earlier this month.

Former "Daily Show" host Jon Stewart, who has been fighting to keep the fund alive, and first responder John Feal called the continued response to help victims slow.

"It's an insult that they keep continuing to put a date, an arbitrary date, on legislation, five years here, five years there," Feal said. "Everybody knows these cancers and these respiratory illnesses have different latency periods. I mean, come on. I mean it's just insulting. We're sick and dying, but we're not stupid."

Rep. Jerry Nadler, D-N.Y., who chairs the House Judiciary Committee, said Sen. Cory Gardner, D-Colo., and a few other Republican senators are backing the bill, but now it is time to extend the compensation fund for 70 years.

Source: NewsMax Politics

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Nike Unveils New Kaepernick Jersey After NFL Settlement

Nike is selling a new Colin Kaepernick jersey now that the controversial former quarterback has settled his grievance with the National Football League.

The sports apparel company is offering the black jersey for $150. It has Kaepernick's former No. 7 on the front and back, while his last name is emblazoned across the back.

"The Kaepernick Icon Jersey is a celebration of those who seek truth in their communities, and those who remain true to themselves," the product description reads. "Built with Dri-FIT technology, the jersey is made to keep you dry and comfortable wherever you go."

Kaepernick gained notoriety for taking a knee during the pregame playing of the National Anthem in 2016. He became a free agent at the start of the next season, but no team has opted to sign him to a contract.

Kaepernick and Eric Reid settled with the NFL last week after they claimed the league blackballed them for their National Anthem protests.

"We believe Colin Kaepernick is one of the most inspirational athletes of this generation, who has leveraged the power of sport to help move the world forward," Nike's Sandra Carreon-John told USA Today. "The jersey marks Nike's continued product collaboration with Colin, and will be available for a limited time on Nike.com and the Nike App."

Kaepernick's protests were over perceived injustices of minorities, particularly those killed in police shootings.

Source: NewsMax America

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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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