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Kudlow: Trump Fed Board Picks Based on ‘World View,’ Not ‘Politics’

Top White House economic adviser Larry Kudlow on Sunday defended President Donald Trump’s selection of Herman Cain and Stephen Moore for the Federal Reserve Board, saying the picks are a matter of “world view,” not politics.

In an interview on CNN’s “State of the Union,” Kudlow said the Trump administration wants to grow the economy to its maximum…we're not interfering with Fed independence.”

President Trump has every right to put people on the Federal Reserve Board with a different point of view,” he added, noting Trump’s repeated criticism of the Fed raising interest rates as hampering economic growth.

“You don't have to rush pell mell into tightened policy and raising rates just because the economy is growing,” he said. “That's President Trump's key point. …He said if we had lower rates, the economy could take off like a ‘rocket ship’ by which he means 4%, 4.5%. 

“I happen to think that's a terrific point. …He wants people on the Fed who share his philosophy. This is not a political issue. It's an issue on how do you see the world.”

Source: NewsMax Politics

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Polish officials may cancel trip to Israel over diplomatic spat

FILE PHOTO: European Union leaders summit in Brussels
FILE PHOTO: Polish Prime Minister Mateusz Morawiecki arrives at a European Union leaders summit in Brussels, Belgium December 13, 2018. REUTERS/Francois Lenoir

February 18, 2019

WARSAW (Reuters) – Polish officials may cancel their planned trip to Israel, the head of the prime minister’s office, Michal Dworczyk, said on Monday after media reported remarks by Israel’s prime minister suggesting Polish complicity in the Holocaust.

Prime Minister Mateusz Morawiecki decided earlier to cancel his visit to Israel, with Foreign Minister Jacek Czaputowicz to go instead. However, the whole visit could now be canceled as the diplomatic row deepened.

Dworczyk noted what he described as a “disgraceful” new statement by the Israeli foreign minister’s department.

“In the light of this statement, any participation of representatives of the Polish state in the V4 summit in Israel is under a very big question mark,” Dworczyk told state ratio.

(Reporting by Marcin Goclowski and Anna Koper; Editing by Paul Tait)

Source: OANN

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Iran to cement ties with Lebanon, Hezbollah despite U.S. pressure

A flag of Iran flutters at a tourist park named
FILE PHOTO: A flag of Iran flutters at a tourist park named "Iran Garden" which was funded by Iran, at Maroun Al Ras village in southern Lebanon, near the border between Lebanon and Israel, October 4, 2010. REUTERS/ Ali Hashisho

March 24, 2019

DUBAI (Reuters) – Iran said on Sunday it would expand its ties with Lebanon in spite of the “provocative and interventionist” call by U.S. Secretary of State Mike Pompeo for Beirut to choose sides, Iranian state television reported.

On a regional tour to drum up support for Washington’s harder line against Tehran, Pompeo said on Friday that Lebanon faced a choice – “Bravely move forward as an independent and proud nation, or allow the dark ambitions of Iran and Hezbollah to dictate your future”.

Iranian Foreign Ministry spokesman Bahram Qasemi dismissed Pompeo’s remarks.

“Because of the failure of its policies in the Middle East, America has turned to the outdated and disgraced weapon of threats and intimidation to impose its imperious policies on other countries,” Qasemi said, state television reported.

“While respecting the independence of Lebanon and the free will of its government and nation, Iran will use all its capacities to strengthen unity inside Lebanon and also to expand its ties with Lebanon.”

Hezbollah, whose influence has expanded at home and in the region, controls three of 30 ministries in the government led by Western-backed Prime Minister Saad al-Hariri, the largest number in its history.

The dominant Shi’ite Muslim power Iran and Hezbollah, founded in 1982 by Iran’s Revolutionary Guards, are major players in the war in Syria and the fight against militant groups opposed to President Bashar al-Assad, which include Islamic State.

Qasemi said that Lebanon’s Hezbollah was a legal and popular party.

“How can Pompeo make such impudent and irrational remarks (about Hezbollah) while visiting Lebanon,” he said.

Tensions between Tehran and Washington has increased since U.S. President Donald Trump pulled out of a 2015 nuclear deal between Iran and six world powers last May, and then reimposed sanctions on the Islamic Republic.

The restoration of sanctions is part of a wider effort by Trump to force Iran to further curb its nuclear program and to end its ballistic missile work as well as its support for proxy forces in Yemen, Syria, Lebanon and other parts of the Middle East.

(Writing by Parisa Hafezi)

Source: OANN

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Catholic priest stabbed during televised mass in Canada

A Catholic priest was stabbed several times while leading mass on Friday morning in Montreal.

Rev. Claude Grou, the rector at St. Joseph's Oratory, had just finished a reading around 8:40 am when a man rushed towards him with a knife and stabbed him in his upper body.

The attack at the landmark church was captured on a livestream and television, as the mass was being broadcast to the Catholic channel Salt + Light.

US MAN ARRESTED FOR ALLEGEDLY STABBING WIFE IN TOKYO COURT

A suspect has already been taken into custody and will be questioned by investigators later today, according to CBC.

Father Grou suffered only superficial wounds and is expected to make a full recovery. The diocese of Montreal tweeted that he was in stable condition, and that "all of our prayers are with him."

Montreal's mayor, Valerie Plante, condemned the act of violence.

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"I am relieved to learn that the life of Father Claude Grou, Rector of the [Oratory] is out of danger and that his condition is stable," she tweeted in French. "On behalf of all Montrealers, I wish him speedy recovery."

Source: Fox News World

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German newspaper says Turkey to renew reporter’s credentials

A German newspaper says its longtime Turkey correspondent is having his media accreditation restored nearly a month after he had to leave the country because Turkish authorities refused to renew it.

The Berlin-based Tagesspiegel said Monday that Thomas Seibert was back in Istanbul and the Turkish government's information office said he would receive the necessary press credentials.

The newspaper quoted Seibert as saying he was "glad that all misunderstandings have been cleared up."

Seibert has worked for Tagesspiegel in Turkey since 1997. He and the head of German public broadcaster ZDF's Istanbul studio, Joerg Brase, had their accreditation renewal applications turned down. Both men left Turkey on March 10.

The German government protested to Turkish authorities. Brase's media credentials were quickly extended and he returned to Turkey.

Source: Fox News World

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Trick or Treaty? Memes Flood in as UK Goes for Halloween Brexit With ‘Zombie’ PM

Halloween has apparently become the most perfect date for the Brexit nightmare to end, at least social media users think so.

After the European Union agreed to give the UK prime minister a “flexible extension” of the Brexit horror story until 31 October, Chancellor Philip Hammond said Theresa May will remain in office until she takes the country out of the bloc.

Ever since the announcement, social media has been inundated with memes and jokes on the date set for the UK’s divorce, which ironically coincides with Halloween, and has caused many to wonder whether Brussels was trolling London:

Netizens were simply left no other choice but to troll the “zombie” prime minister and her government, as well as the “Nightmare on Downing Street”.

Many social media users revealed what costumes they are going to wear for #HalloweenBrexit:

Some poked fun at the situation, coming up with a bunch of hilarious names for a hypothetical horror movie about the Halloween Brexit:

The UK was supposed to leave the European Union on 29 March, but Theresa May decided to request an extension since she failed to gain support from British lawmakers for the withdrawal deal she had previously negotiated with Brussels.

(Image Credit: @ianbremmer/Twitter)

Source: InfoWars

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2020 Dems give green-light for their own campaigns to unionize, in latest sign of activist influence

Democratic 2020 presidential hopefuls are quickly warming to the idea of allowing their own campaign workers to unionize -- a move that shows the rising influence of labor-aligned activists in the party, and one that could increase campaign costs in the long run.

Sen. Bernie Sanders, I-Vt., campaign team announced Friday that some of their employees have unionized, touting that this makes them “the first major party presidential campaign in history to have a unionized workforce.”

FROM REPARATIONS TO GREEN NEW DEAL, LIBERAL LITMUS TESTS PUT 2020 DEMS IN RISKY TERRITORY

Most of Bernie 2020’s “bargaining unit employees” recently selected the United Food and Commercial Workers Local 400 to be their “exclusive bargaining representative,” the campaign said. Campaign Manager Faiz Shakir hailed the lawmaker as being “the most pro-union candidate” among the 2020 field and say they’re “honored that his campaign will be the first to have a unionized workforce.”

It's an idea that has caught on among a wide Democratic field seemingly willing to entertain a range of proposals that would have been non-starters in past cycles. While candidates seize on calls to pack the Supreme Court, abolish the Electoral College and end the filibuster, the idea of letting their staffs unionize is tame by comparison.

While Sanders became the first candidate to actually go ahead with unionization, former San Antonio Mayor Julian Castro announced in January that he will pay all campaign workers, including interns, $15 an hour or more. Officials said they would support a union as well if staff chose to organize, according to The San Antonio Current.

Meanwhile, on Tuesday night, former Rep. Beto O’Rourke, D-Texas -- who entered the race last week -- said that if campaign workers want to unionize, he would “support it all the way” as he made a laundry list of promises to potential campaign staff.

"Absolutely, if those who work on this campaign, and who comprise what I hope will be the largest grassroots effort this nation has ever seen, want to unionize, I support that all the way," he told Fox News when asked if he supports unionization.

"In the meantime, I'm going to make sure that we pay among, if not the highest wages, that everyone who works on the campaign is paid a living wage, excellent health care, child care so that everyone can work whatever their conditions are."

BETO O'ROURKE, IN NH, PREDICTS HE COULD TAKE TEXAS IN THE GENERAL ELECTION

"But if these employees also want to unionize, I absolutely support that," he added.

It remains to be seen what the outcome of such decisions could be, but big campaigns could end up with costlier wage bills, especially if overtime (a common feature on the grueling campaign trail) is also compensated with time-and-a-half, as unions may demand.

The push toward unionization is a sign of the difficult path candidates must walk, as they make calls for increases in the minimum wage, universal health care and other issues -- while pitching other policies that concern labor organizations.

Take the Green New Deal -- a radical overhaul of America’s economy and energy use that almost all 2020 Democrats have backed, and that the AFL-CIO recently warned could cause “immediate harm” to millions of their members.

“We will not accept proposals that could cause immediate harm to millions of our members and their families. We will not stand by and allow threats to our members’ jobs and their families’ standard of living go unanswered,” the union's energy committee said in a letter. “We are ready to discuss these issues in a responsible way, for we all recognize that doing nothing is not an option.”

Campaigns that are not perceived as treating workers well can also see those issues distract from their core message. Sen. Amy Klobuchar, D-Minn., has struggled to move past accusations that she mistreats her staff, with reports that she has thrown binders at staff, torpedoed job opportunities and forced them to clean a comb she used to eat a salad.

Sanders, meanwhile, has been hit by claims that sexual harassment allegations against a staffer on his 2016 campaign were not taken seriously by his campaign managers. He has since apologized and said that "our standards and safeguard were inadequate."

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The unionization push is the latest big idea to be grasped by both lapels by candidates seeking to distinguish themselves from a broad field, and to promote their own progressive street cred.

In recent weeks, top 2020 Democrats have embraced a wealth of ideas that were once out on the fringes of the party -- including the Green New Deal, reparations, packing the Supreme Court with more judges and abolishing the Electoral College.

Fox News' Elizabeth Zwirz contributed to this report.

Source: Fox News Politics

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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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