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Macau police investigate suspected murder at Sands casino resort: media

FILE PHOTO: A view of Sands Macao casino is seen in Macau
FILE PHOTO: A view of Sands Macao casino is seen in Macau, China June 1, 2016. REUTERS/Bobby Yip

February 18, 2019

HONG KONG (Reuters) – Police in the world’s biggest gambling hub of Macau are investigating what they suspect is a rare murder in a five-star casino resort after a Chinese man was found stabbed in his bed, broadcaster TDM reported on Monday.

Murder cases have been rare in the Chinese territory since Portugal ceded control of what had been a colonial backwater on the heel of China’s southern coast 20 years ago.

The suspected murder took place in Sands China’s Conrad Macau hotel, TDM reported, citing police. It comes as slower mainland growth, a weaker yuan and a simmering trade war with the United States threaten to derail Macau’s growth.

The 41-year-old victim, an active gambler from the mainland, had been stabbed. The case was being investigated and no further details were available, TDM said.

Macau police and Sands China did not respond to requests for comment. The company is controlled by U.S. billionaire Sheldon Adelson’s Las Vegas Sands.

Macau is the only place in China where casino gambling is legal. Casino revenues shrank in January for the first time in more than two years.

Violent crime in Macau has often been linked to its junket operators – the middlemen who bring China’s wealthiest to the gambling tables. Slower growth and tighter regulations have made it hard for many small junket companies to stay in business.

Criminal gangs known as triads, which are known to operate in Macau, are typically involved in extortion, money laundering, murder and prostitution.

(Reporting by Farah Master; Editing by Robert Birsel)

Source: OANN

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Bret Baier on tonight’s Town Hall: Howard Schultz will have to field ‘substantive questions on big policy issues’

A special “America’s Election HQ” Town Hall featuring possible presidential candidate Howard Schultz will be co-hosted by Bret Baier and Martha MacCallum live from Kansas City, Missouri Thursday night.

Baier appeared on “The Daily Briefing with Dana Perino” and discussed how he and MacCallum will approach tonight’s event.

2020 DEMOCRATIC PRIMARY GETS CROWDED

“We're going to use people here in Kansas City. Democrats, Independents, Republicans will be in attendance asking a whole bunch of different questions.  We'll be able to follow up and redirect,” Baier said.

“And the former CEO of Starbucks is going to have to field some substantive questions about big policy issues… He's not officially jumped in this race but clearly he believes he has a lane or he sees one because he's traveling around the country acting like a candidate.”

Schultz, the former CEO of Starbucks, appeared on “Fox & Friends” Tuesday and criticized the policies of 2020 Democratic candidates.

“Well, I think you just showed clips of people who are well-intentioned, love the country but they're out of touch with these kinds of policies that in my view are not realistic,” Schultz said to start the interview, responding to clips of 2020 Democratic candidates calling for policies like the Green New Deal or Medicare for all.

WHO IS HOWARD SCHULTZ?

The Town Hall airs on Fox News Thursday at 6:30 PM ET following a 30-minute “Special Report.”

Source: Fox News Politics

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UCLA Soccer Coach Who Allegedly Took $200K In Admissions Bribery Scandal Resigns

Neetu Chandak | Education and Politics Reporter

The University of California, Los Angeles (UCLA) said Thursday that a soccer coach who allegedly took $200,000 in relation to the massive admissions bribery scandal resigned.

Men’s soccer coach Jorge Salcedo, 46, allegedly took two payments of $100,000 from William Rick Singer to help one male and one female applicant to get into UCLA as athletes, ESPN reported Friday. Both the applicants did not play soccer, however. (RELATED: USC Bars Students Possibly Linked To Admission Bribery Scandal From Registering For Classes)

Singer reportedly helped parents get their children into elite colleges like Stanford University, the University of Southern California and Georgetown by cheating the college entrance exam system, Fox News reported. He ran the charity, Key Worldwide Foundation (KWF), which was used to facilitate the bribes.

At least 50 people were allegedly involved in the bribery scandal, including “Full House” star Lori Loughlin and “Desperate Housewives” actress Felicity Huffman.

Salcedo served as the lead coach for 15 years, making him the second longest tenured in UCLA’s soccer program for men. His leadership took UCLA to six conference titles and the NCAA tournament for 14 seasons, according to ESPN.

Pictured is a soccer ball. SHUTTERSTOCK/Pasko Maksim

Pictured is a soccer ball. SHUTTERSTOCK/Pasko Maksim

The former men’s soccer coach was put on leave March 12, CBS LA reported. Salcedo is set to make his first appearance in a Boston federal court Monday.

Salcedo played for UCLA in the 1990s and played Major League Soccer for five years, according to ESPN.

The women’s soccer team at the school has also been under scrutiny after student Lauren Isackson’s parents used bribes to get her on the team. Isackson had no prior experience playing soccer. Head UCLA women’s soccer coach Amanda Cromwell was not charged, CBS LA reported.

Isackson was taken off the team, but remains at the school.

“If UCLA discovers that any prospective, admitted or enrolled student has misrepresented any aspect of his/her application…UCLA may take a number of disciplinary actions, up to and including cancellation of admission,” UCLA said in a statement, according to CBS LA.

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Source: The Daily Caller

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GM says no cut in Chevy Bolt sticker price as U.S. tax credit for EVs drops

FILE PHOTO: The GM logo in Warren Michigan
FILE PHOTO: The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo

March 28, 2019

By David Shepardson

(Reuters) – General Motors Co on Thursday said it has no plan to cut the sticker price on its electric Chevrolet Bolt sedan after a federal tax credit drops by half to $3,750 on Monday.

Last year, GM became the second automaker in the United States to hit the 200,000 cumulative electric vehicles sales figure, which triggers a phaseout of the $7,500 federal tax credit over 15 months.

GM has laid out an aggressive electric vehicle strategy, vowing to bring at least 20 EV models to market by 2023.

In January, Tesla Inc cut the prices of its EVs by $2,000 after its EV tax credit fell from $7,500 to $3,750 after it hit the 200,000 EV sales milestone.

Asked why GM is not cutting the price to account for the lower tax credit, spokesman Jim Cain said “it is easier to react to the market by working with dealers and your marketing team than it is to change sticker prices.”

Tesla aggressively urged buyers to take advantage of the full credit shortly before it expired. “Reminder to US buyers that the $7500 tax credit cuts in half in 5 days!” Chief Executive Elon Musk tweeted in December.

Last week, GM Chief Executive Mary Barra announced the company would invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet EV based on the Bolt platform. Barra said GM planned to boost EV marketing soon, but made no mention of the tax credit phaseout.

Michelle Krebs, an analyst at AutoTrader, calls government incentives a big factor in consumer purchase decisions. “Tax credits make a difference,” she said.

GM will offer new incentives next week for EVs as the current monthly incentives expire, the company said.

GM is currently offering an incentive on Bolt EVs of 14 percent of the suggested retail price, Cain said.

Cain said GM is “sensitive to affordability” of EVs for customers but declined to specify what future incentives GM will offer.

Both GM and Tesla have been lobbying Congress for more than a year to extend or expand the EV tax credit.

GM’s credit drops to $1,875 in October and will completely disappear by April 2020, while Tesla’s credit falls to $1,875 in July and expires at the end of the year.

GM has been exporting Bolt EVs to both South Korea and Canada, which has impacted U.S. sales

GM sold 18,000 Bolts in the United States last year, down nearly 23 percent over 2017. The No. 1 U.S. automaker ended production of its plug-in electric Chevrolet Volt in February.

(Reporting by David Shepardson; Editing by Tom Brown)

Source: OANN

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Shock, prayers around the world for Notre Dame Cathedral

The world reacted with shock, horror and prayers to the massive fire at the Notre Dame Cathedral in Paris.

As the flames tore through the 12th-century cathedral, Spain's prime minister offered France the help of his country in the recovery.

The fire is a "catastrophe for France, for Spain and for Europe," Spanish Prime Minister Pedro Sánchez tweeted, adding that the flames are destroying "850 years of history, architecture, painting and sculpture."

U.S. President Donald Trump said the cathedral "might be greater than almost any museum in the world and it's burning, very badly." He said the fire, which dominated news coverage, was a terrible sight to behold.

Cardinal Timothy Dolan, the archbishop of New York, said he prayed at his city's St. Patrick's Cathedral for intercession.

Source: Fox News National

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Mueller Report: Sanders Admits Made-Up Comments About Comey Support

White House press secretary Sarah Huckabee Sanders admitted to investigators that she made up comments about FBI agents having lost confidence in former Director James Comey – calling it a “slip of the tongue.”

The admission came on page 72, of Volume Two of special counsel Robert Mueller’s report on Russia’s interference in the 2016 election, and referred to a May 10, 2017, briefing Sanders gave the day after President Donald Trump fired Comey, who'd been overseeing the FBI probe of Moscow’s interference.

His axing led to Mueller's appointment.

The report stated Sanders 'fessed up that her declaration that agents had lost confidence in Comey was made “‘in the heat of the moment’” and that it “wasn’t founded on anything.”

Here’s how the Mueller report described it:

“When a reporter indicated the ‘vast majority’ of FBI agents supported Comey, Sanders said, ‘Look, we’ve heard from countless members of the FBI that say very different things.’ 

“Following the press conference, Sanders talked to the President, who told her she did a good job and did not point out any inaccuracies in her comments.

“Sanders told this Office that her reference to hearing from ‘countless members of the FBI’ was a ‘slip of the tongue.’ She also recalled that her statement in a separate press interview that rank-and-file FBI agents had lost confidence in Comey was a comment she made ‘in the heat of the moment’ that was not founded on anything.”

Source: NewsMax Politics

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Turkish police block group visiting grave of jailed PKK member

Turkish police detain demonstrators as they protest the death of a Kurdish inmate, in Diyarbakir
Turkish police detain demonstrators as they protest the death of a Kurdish inmate, in Diyarbakir, Turkey, March 18, 2019. REUTERS/Sertac Kayar

March 18, 2019

By Umit Ozdal

DIYARBAKIR, Turkey (Reuters) – Turkish police fired water canons and detained some members of a group of about 100 that attempted on Monday to visit the grave of a member of the Kurdistan Workers’ Party (PKK) who died in prison, a Reuters witness said.

The PKK member, Zulkuf Gezen, had been sentenced in 2010 to life in jail for links to a bombing in 2007 that killed one and injured six, according to media reports. He was jailed in the northwestern province of Tekirdag where initial findings showed he committed suicide, the local prosecutor’s office said.

The group of people heading to visit Gezen’s grave in the southeastern province of Diyarbakir were blocked by police who fired a water canon on them, according to Reuters footage from the scene. The crowd chanted, “We will win by resisting,” before some were detained by police and taken away.

Police said the group included Sezai Temelli, co-leader of the pro-Kurdish Peoples’ Democratic Party (HDP), and other lawmakers from his party. The lawmakers were allowed entrance to the cemetery but not the whole group, police said.

Ten people were detained after security forces called for the group to disperse and some responded by throwing rocks, police added.

The HDP has said hundreds of prisoners in Turkish jails have been on hunger strike to protest the prison isolation of Abdullah Ocalan, the head of the PKK. Gezen was also on hunger strike and committed suicide to protest the isolation, the party said.

“We invite those in power to act responsibly and realize the request to lift the isolation and the public to be sensitive before a similar pain is experienced,” the HDP said on Twitter.

The PKK, considered a terrorist organization by Turkey, the United States and the European Union, has waged an insurgency in Turkey since the 1980s. Some 40,000 have been killed in the conflict.

Ankara accuses the HDP of ties to the PKK. The HDP denies direct links.

HDP lawmaker Leyla Guven was the first to go on hunger strike. She was released from prison in January after spending a year in custody on charges of terrorism leadership and propaganda for her opposition to Turkey’s incursion into northwest Syria’s Afrin region. She still faces trial and up to 31 years in jail.

(Reporting by Umit Ozdal; Writing by Ali Kucukgocmen; Editing by Jonathan Spicer)

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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