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Michael Cohen Backs Away From Parts of His Guilty Plea

President Donald Trump's one-time personal attorney, Michael Cohen, has walked back part of his guilty plea, claiming he did not evade taxes and a criminal charge related to a home-equity line of credit was "a lie," according to The Wall Street Journal.

The newspaper said Cohen made his comments in a phone call to actor and comedian Tom Arnold, a vocal critic of Trump. The newspaper said the March 25 call was recorded without Cohen's knowledge by Arnold.

Cohen has pleaded guilty to eight criminal charges, including campaign-finance violations regarding hush-money payments to former porn star Stormy Daniels and Playboy centerfold Karen McDougal. He has also admitted to five counts of evading personal income taxes and one count of understating his expenses and debt in an application for a home-equity line of credit, or Heloc, the newspaper noted.

"There is no tax evasion," he said during the call. "And the Heloc? I have an 18% loan-to-value on my home. How could there be a Heloc issue? How? Right? . . . It's a lie."

During the call, Cohen, who is preparing for a three-year prison term, confessed he felt like "a man all alone."

"You would think that you would have folks, you know, stepping up and saying, 'You know what, this guy's lost everything,'" Cohen said.

"My family's happiness, and my law license. I lost my business . . . my insurance, my bank accounts, all for what? All for what? Because Trump, you know, had an affair with a porn star? That's really what this is about."

Source: NewsMax America

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Analysts divided on chances of Ukraine rate cut as election looms

FILE PHOTO: Headquarters of Ukrainian central bank is seen in central Kiev
FILE PHOTO: The headquarters of Ukrainian central bank is seen in central Kiev, Ukraine, March 3, 2016. REUTERS/Valentyn Ogirenko/File Photo

April 8, 2019

KIEV (Reuters) – A slowdown in Ukrainian inflation is increasing pressure on the central bank to cut its main interest rate, but analysts are divided on whether a cut will happen in April as a presidential election looms, a Reuters survey showed on Monday.

Seven of 13 analysts polled by Reuters forecast a cut of at least 0.5 percentage points at the central bank’s next meeting on April 24, while the other six expected the bank will make no change.

The bank has kept its rate at 18 percent since last September in an effort to bring inflation back in line with a target of 5 percent.

At the last monetary meeting in March, the bank stated that political unpredictability prevented it from policy softening despite expectations that inflation will decline this year.

Analysts see annual inflation slowing to 8.4 percent in March and to 8.0 by the end of 2019, from 8.8 percent in February.

At the same time, Ukraine’s economy outlook may justify lower lending costs, given growth looks set to weaken to 2.7 percent in 2019 from 3.3 percent last year.

The second round of Ukraine’s presidential election is set for April 21, with incumbent Petro Poroshenko and comic actor Volodymyr Zelenskiy, a political novice, to face off for the country’s approval.

Zelenskiy won the first round in March with a score almost twice as high as Poroshenko, but his views on Ukraine’s economic policies remain unclear.

(Reporting by Natalia Zinets; Editing by David Holmes)

Source: OANN

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AOC: Outrage Over Republicans Against Anti-Hate Resolution?

Rep. Alexandria Ocasio-Cortez, D-N.Y., questioned why there is no outrage over the 23 Republicans who voted against a House resolution condemning bigotry.

Her comments came in a Thursday night tweet.

She wrote:

"Where's the outrage over the 23 GOP members who voted NO on a resolution condemning bigotry today? Oh, there's none? Did they get called out, raked over, ambushed in halls and relentlessly asked why not? No? Okay. Got it."

The House resolution came after comments from Rep. Ilhan Omar, D-Minn. in which she suggested politicians who back Israel have an allegiance to a foreign county, The Hill noted.

The resolution "encourages all public officials to confront the reality of anti-Semitism, Islamophobia, racism, and other forms of bigotry . . ."

Rep. Liz Cheney, R-Wyo., fired back at Ocasio-Cortez's tweet.

Cheney tweeted:

"Here's the outrage: your party put a sham resolution on the floor designed to protect the anti-Semitic hate and bigotry of @IlhanMN."

Source: NewsMax Politics

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Abuse survivors demand Vatican transparency, accountability

Survivors of clergy sexual abuse met with organizers of a Vatican prevention summit Wednesday and demanded transparency, zero tolerance for abuse and for religious superiors to be held accountable when they protect priests who rape and molest children.

The survivors met for more than two hours with the Vatican's lead sex abuse investigator and other members of the organizing committee for the four-day summit starting Thursday. The event, which Pope Francis convened, is taking place amid intense scrutiny after new allegations of abuse and cover-up last year sparked a credibility crisis for the Catholic Church hierarchy.

Phil Saviano, an American who played a crucial role in exposing clergy abuse in the United States decades ago, said after the survivors' meeting that he argued for the Vatican to release the names of abusive priests around the world along with their case files.

"Do it to launch a new era of transparency," Saviano said he told the summit committee in a letter and in person. "Do it to break the code of silence. Do it out of respect for the victims of these men, and do it to help prevent these creeps from abusing any more children."

The Vatican had asked Chilean survivor Juan Carlos Cruz, who last year helped open Francis' eyes to the seriousness of the abuse scandal, to arrange the meeting.

Cruz invited a dozen representatives of some of the more vocal advocacy groups that have long demanded accountability from the Vatican, including SNAP, Ending Clergy Abuse and French group La Parole Liberee.

"The culture of cover-up needs to end," he said after the meeting, which was held on the grounds of a gated Vatican residence with protesters waiting outside.

More than 30 years after the scandal first erupted in Ireland and Australia and 20 years after it hit the U.S., bishops in many parts of Europe, Latin America, Africa and Asia either deny clergy sex abuse exists in their regions or downplay the problem.

Francis announced the summit in September. Realizing that church leaders in some parts of the world still didn't "get it" about abuse, he invited the presidents of every bishops' conferences for a tutorial on preventing abuse, investigating cases and listening to victims.

Jamaican survivor Denise Buchanan, who attended the organizing meeting, demanded to know why the Vatican wasn't implementing zero-tolerance policies on sex abuse across the board. The U.S. bishops' conference is considered a model for requiring any priest who is found guilty of molesting a child to be removed permanently from ministry.

"What is the holdup in implementing zero tolerance?" Buchanan said. "It is like, 'Oh, we already have the laws, we just need to implement the laws.' Obviously, the laws are not working because children are being raped right now."

In a statement after the meeting ended, the organizing committee thanked the victims for "sincerity, the depth and the strength of their testimonies."

They said the survivors' input would help them to understand the "gravity and urgency" of the problem during the summit.

The committee included Chicago Cardinal Blase Cupich, Maltese Archbishop Charles Scicluna, the Vatican's longtime lead sex abuse investigator; Indian Cardinal Oswald Gracias; German Jesuit the Rev. Hans Zollner, an expert in child protection. The Rev. Federico Lombardi, the former Vatican spokesman who is moderating the summit, also participated in the meeting with abuse survivors.

___

Full coverage at https://www.apnews.com/Sexualabusebyclergy

Source: Fox News World

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Amazon workers strike at four German warehouses

FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo

April 15, 2019

BERLIN (Reuters) – Workers at four Amazon logistic centers in Germany went on strike on Monday, the latest action in a long-running campaign for better pay and conditions.

Trade union Verdi said workers at warehouses in Rheinberg, Werne, Bad Hersfeld and Koblenz had stopped work, with the strike set to last until Thursday in some centers, and others potentially joining over the Easter holiday period.

An Amazon spokeswoman said the company saw very limited participation in the strike across Germany, adding there was no operational impact so customer deliveries would not be delayed.

Verdi has organized frequent strikes at Amazon in Germany since 2013 to press demands for the retailer to raise pay for warehouse workers in accordance with collective bargaining agreements in Germany’s mail order and retail industry.

Amazon has repeatedly rejected Verdi’s demands and the spokeswoman said the company is a fair and responsible employer without a collective agreement, with wages at the upper end of what is paid in comparable jobs.

Amazon runs 12 fulfillment centers in Germany, its second-biggest market after the United States.

“The employees are not giving up,” Verdi board member Stefanie Nutzenberger said in a statement. “They want to put an end to the arbitrariness of a company that puts pressure on its employees with stressful work and controls.”

(Reporting by Emma Thomasson, editing by Ed Osmond)

Source: OANN

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Israeli spacecraft crashes in attempt to reach moon

An Israeli spacecraft lost contact with Earth and crashed just moments before it was to land on the moon late Thursday, failing in an ambitious attempt to make history as the first privately funded lunar mission.

The spacecraft lost communication with ground control as it was making its final descent to the moon. Moments later, the mission was declared a failure.

"We definitely crashed on surface of moon," said Opher Doron, general manager of the space division of Israel Aerospace Industries. He said the spacecraft was in pieces scattered at the planned landing site.

Doron said that the spacecraft's engine turned off shortly before landing. By the time power was restored, he said the craft was moving too fast to land safely. Scientists were still trying to figure out the cause of the failure.

"One of the inertial measurement units failed. And that caused an unfortunate chain of events we're not sure about," he said. "The engine was turned off. The engine was stopped and the spacecraft crashed. That's all we know."

The mishap occurred in front of a packed audience that included Prime Minister Benjamin Netanyahu and was broadcast live on national television.

The small robotic spacecraft, built by the non-profit SpaceIL and state-owned Israel Aerospace Industries, had hoped to match a feat that has only been achieved by the national space agencies of three countries: U.S., Russia and China.

"If at first you don't succeed, try try again," Netanyahu said. He vowed to put an Israeli spacecraft on the moon "intact" in the next two years.

Scientists, who were giddy with excitement only second earlier, were visibly distraught, and celebrations at viewing centers across the country were dashed.

President Reuven Rivlin hosted dozens of youngsters at his official residence. The children, some wearing white spacesuits, appeared confused as the crash unfolded.

"We are full of admiration for the wonderful people who brought the spacecraft to the moon," Rivlin said. "True, not as we had hoped, but we will succeed in the end."

The failure was a disappointing ending to a 6.5 million kilometer (4 million mile) lunar voyage, almost unprecedented in length, that was designed to conserve fuel and reduce price.

The spacecraft hitched a ride on the SpaceX Falcon rocket, launched from Florida in February.

For the past two months, Beresheet traveled around the Earth several times before entering lunar orbit in hopes of joining the exclusive club of countries that have made it to the moon.

The U.S. space agency NASA broadcast the landing attempt live on its dedicated TV channels, as well as online.

While NASA regrets the end of the SpaceIL mission without a successful lunar landing of the Beresheet lander, we congratulate SpaceIL, the Israel Aerospace Industries and the state of Israel on the incredible accomplishment of sending the first privately funded mission into lunar orbit," said NASA Administrator Jim Bridenstine.

"Every attempt to reach new milestones holds opportunities for us to learn, adjust and progress," he added. "I have no doubt that Israel and SpaceIL will continue to explore and I look forward to celebrating their future achievements."

Source: Fox News World

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NFL notebook: Steelers’ Foster requests social – media ceasefire

NFL: Arizona Cardinals at Seattle Seahawks
FILE PHOTO: Dec 22, 2013; Seattle, WA, USA; Arizona Cardinals running back Rashard Mendenhall (28) rushes against Seattle Seahawks defensive tackle Brandon Mebane (92) during the second half at CenturyLink Field. Mandatory Credit: Joe Nicholson-USA TODAY Sports

April 12, 2019

Pittsburgh guard Ramon Foster is asking his ex-teammates to stop the criticism of current Steelers players.

The latest social-media salvo was fired early Thursday morning by former Steelers running back Rashard Mendenhall, who called quarterback Ben Roethlisberger a racist in a series of tweets. Mendenhall, who played for Pittsburgh from 2008-12, was addressing accusations that wideout Antonio Brown quit on the team when he did not play in the 2018 season finale.

“Moving forward…any former player or affiliate of the Steelers who has an issue with anyone still in the locker room, please contact me or Maurkice Pouncey or anyone else you feel you can talk to,” Foster wrote in response on Twitter. “Whoever you have an issue with, we will get you their number so you can address them. I PROMISE.

“These media takes might give y’all good traffic on your social media outlets but the guys still in that locker room, who y’all still know personally have to answer for those comments. Call them what you want, but call them personally and tell THEM. Defend who you want to defend but you don’t have to mention the team at all.”

–Oklahoma quarterback and Heisman Trophy winner Kyler Murray had a pre-draft visit with the New York Giants, and he reportedly will head to an NFC East rival next.

Multiple outlets reported the Giants visit, and Murray posted a photo on social media of the outside of the team’s facility. The MMQB reported Murray also will visit the Washington Redskins next week.

By most accounts, Murray remains the favorite to go first overall to the Arizona Cardinals.

–All-Pro guard Marshal Yanda agreed to a one-year contract extension with the Baltimore Ravens through the 2020 season, ESPN reported.

Some speculated the 34-year-old veteran, a seven-time Pro Bowler, might retire this offseason. Yanda was entering the final year of a four-year, $32 million deal signed in 2015.

An Iowa product, Yanda has been with the Ravens since they drafted him in the third round in 2007. He ranks seventh in franchise history with 162 games played.

–Jacksonville Jaguars running back Leonard Fournette was arrested on suspicion of driving with a suspended license, according to the Jacksonville Sheriff’s Office.

His license had been suspended for failing to pay a speeding ticket, according to multiple reports.

Fournette was cited on Nov. 17 for driving 37 mph in a 25 mph zone, which carried a fine of $204, according to the Duval County Clerk of Courts. The 24-year-old was released on a $1,500 bond. The team said it is aware of the situation but declined further comment.

–The Jets signed former Packers and Ravens running back Ty Montgomery.

Terms were not disclosed, but multiple outlets reported the deal is for one year.

A converted wideout, the 26-year-old Montgomery spent his first three-plus seasons with Green Bay before being traded to Baltimore for a 2020 seventh-round pick in October.

–Dallas Cowboys right tackle La’el Collins is recovering from surgery to repair a torn rotator cuff in his shoulder, he told the Fort Worth Star-Telegram.

Collins had the operation in January and expects to be ready for training camp.

The 25-year-old has started all 32 games at right tackle for Dallas over the past two seasons.

–The Jaguars claimed guard Parker Ehinger off waivers from the Cowboys.

Ehinger, 26, missed all of 2018 with a knee injury sustained in training camp. He started four games in 2016 and one in 2017 with Kansas City.

–Free agent defensive tackle Tyeler Davison will visit the San Francisco 49ers on Friday, NFL.com reported.

Davison, 26, recently visited the Atlanta Falcons, per reports. He had 23 tackles and two sacks in 14 games (12 starts) for the New Orleans Saints last season.

–Former NFL and Notre Dame running back Cierre Wood was scheduled to appear in court in Las Vegas after being charged with first-degree murder in the death of a 5-year-old girl, according to court records.

The alleged victim was the daughter of Wood’s girlfriend, identified by local media as 26-year-old Amy Taylor, who also was taken into custody Tuesday night at Summerlin Hospital.

The Clark County Coroner’s Office confirmed 5-year-old La’Ravah Davis died at the hospital that night, KVVU-TV in Las Vegas reported.

–Former Alabama wide receiver and New York Jets draft pick ArDarius Stewart was arrested in Tuscaloosa, Ala., on suspicion of carrying a pistol without a permit, AL.com reported.

Stewart was being held on $500 bond, according to the report.

Stewart was selected by the Jets in the third round of the 2017 draft after a decorated career with the Crimson Tide but was out of football in 2018.

–The Giants signed former Alliance of American Football cornerback Henre’ Toliver. Toliver, 22, had two pass breakups and 13 tackles in eight games with the Salt Lake Stallions of the AAF.

–Field Level Media

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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