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Keep Your Toes Toasty With These Heated Slippers

The Daily Caller Shop | Contributor

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Source: The Daily Caller

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Australia’s new budget seen splashing cash in bid for votes

A man runs across a hill in front of the Sydney city skyline under a smoke tinted sky at daybreak
A man runs across a hill in front of the Sydney city skyline under a smoke tinted sky at daybreak September 5, 2012. REUTERS/Tim Wimborne

March 29, 2019

By Swati Pandey and Colin Packham

SYDNEY (Reuters) – Discounts of up to 75 percent have emptied shelves at grocer Golden Banana in a Sydney suburb, but owner Micky Lapa won’t be restocking – she’s shutting after 30 years.

Stiff competition, high rents and utility bills plus anemic household consumption have squeezed small businesses across Australia, fuelling discontent with a conservative government that opinion polls say will lose a federal election due by May 18.

“I don’t think I can vote for the current lot,” Lapa said.

In an effort to arrest its slide in popularity, the government led by Prime Minister Scott Morrison will on Tuesday unveil a budget for the year starting July 1 that is expected to feature an avalanche of spending.

Armed with stronger tax revenue and higher prices for Australia’s commodity exports, Treasurer Josh Frydenberg’s budget proposal will likely include increased infrastructure spending, bigger personal tax cuts than made a year earlier and possibly cash handouts to households.

Helping Frydenberg is an anticipated budget surplus of around A$4 billion ($2.84 billion) for 2019/20, which would be the first since 2007/08.

With the economy “ailing” and an election near, AMP chief economist Shane Oliver expects the budget will have about A$6 billion more in tax cuts than the current one.

The upside of the government’s strategy is that a budget surplus “is within sight after a record 11 years in deficit and the household sector will receive a boost just at the time it needs it,” Oliver added.

The downside, he said, is that tax cuts may provide a smaller boost to the economy than putting checks in the mail or lifting government spending.

LAST CHANCE?

HSBC economist Paul Bloxham expects tax cuts and spending measures could deliver around A$8 billion-A$12 billion support to the economy while Citibank economists predict one-off cash transfers directly to households.

This budget could be the ruling coalition’s last chance to win back enough votes to retain the power it has had since 2014. It has trailed its Labor opposition since mid-2016, according to a widely-watched opinion poll.

But Morrison has to be careful his Liberal Party doesn’t undermine its argument that it is a better economic and fiscal manager than Labor.

“The government has carved out a reputation as a trusted manager of the economy,” said Rodney Smith, a political science professor at the University of Sydney. “A budget that is clearly a bid to buy votes would be transparent and risks its reputation.”

(Graphic: Australia’s economy, consumer spending slows; terms of trade jumps – https://tmsnrt.rs/2Val73S)

A cash splash should be welcomed by the Reserve Bank of Australia (RBA) as an expansionary budget should help combat a slowdown in domestic activity.

Annual economic growth eased to a sub-par 2.3 percent in the last three months of 2018, while early indicators suggest this year has started on a weak footing, prompting financial markets to price-in an interest rate cut in August.

The central bank has left rates at a record low 1.50 percent since August 2016 and has shown no inclination to cut them anytime soon, despite a tumble in the property market.

And the April 2 budget is unlikely to provide much boost to housing prices as home affordability and wealth inequality remain political issues.

The household tax-to-income ratio has risen to a 13-year high, according to ANZ economist Cherelle Murphy, weighing on consumption.

“Public is not willing to spend, they go for the cheaper options,” Golden Banana’s Lapa said. “I cannot live off the crumbs left by the big guns, it’s just not possible anymore,” she added, referring to Australia’s expanding supermarket giants.

(Reporting by Swati Pandey and Colin Packham; Editing by Richard Borsuk)

Source: OANN

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Puma goes up-market to join forces with Porsche Design

Puma launches first sportswear collection in collaboration with Porsche Design in Berlin
A pair of shoes is displayed as sports retailer Puma launches their first sportswear collection in collaboration with Porsche Design in Berlin, Germany February 21, 2019. REUTERS/Annegret Hilse

February 22, 2019

(This February 21 story refiles to give full name of Porsche Design in headline.)

BERLIN (Reuters) – Sportswear firm Puma is launching a joint collection with Porsche Design, the fashion and accessories brand owned by the German car company, tapping into demand for premium products just as luxury labels are moving into the market for sportswear.

Puma announced it was replacing German rival Adidas as Porsche’s partner last month, and they presented the first shoes and garments at an event at a nightclub in Berlin on Thursday, which will go on sale on March 1.

Porsche Design hopes Puma will draw a younger audience to its stores, while the sportswear brand expects to attract some of the car brand’s big spending customers, noting strong demand for high-end sports gear in markets like China and Japan.

“This is a joint attempt to strengthen both brands over the long term,” Puma Chief Executive Bjorn Gulden told Reuters.

“We can do more innovative things because customers are prepared to pay for them… In our sector, you are always under price pressure.”

The deal comes as many luxury and premium labels – like Germany’s Hugo Boss and Kering’s Gucci – are seeking to capitalize on the “athleisure” trend by launching pricey sneakers.

Shoes in the Puma-Porsche collection will retail for up to 250 euros ($283)and jackets for up to 450 euros and be sold in 150 Porsche Design stores worldwide and online.

“We have common values in terms of our design orientation and innovation,” said Porsche Design chief Jan Becker.

(Reporting by Emma Thomasson; Editing by Alexandra Hudson)

Source: OANN

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Cheers! Trump Tweets Mueller Report ‘By The Numbers’ — Zero Collusion, Zero Obstruction

President Trump tweeted out a short video Saturday showing the staggering data behind Special Counsel Robert Mueller’s Russia investigation, all of which amounted to no collusion or obstruction.

The video showed just how much money was spent and how many resources were used in Mueller’s 2-year witch hunt.

– $30+ million spent
– 18 Angry Democrats
– 675 Days
– 2,800+ Subpoenas
– 500+ Witnesses
– 0 Collusion
– 0 Obstruction

Trump also said his vindication was “pretty amazing” considering he endured the partisanship of the “greatest witch hunt in American history.”

“The end result of the greatest Witch Hunt in U.S. political history is No Collusion with Russia (and No Obstruction). Pretty Amazing!” he said.


Alex Jones and a caller discuss how President Trump must now go on the offense, after the democrats’ Mueller report led impeachment fail, to stop the deep state criminals before they organize another coup to remove him from office.

Source: InfoWars

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British parliament to vote on Brexit delay, PM seeks to revive her deal

Britain's Prime Minister Theresa May speaks in Parliament following the vote on Brexit in London
Britain's Prime Minister Theresa May speaks in Parliament following the vote on Brexit in London, Britain, March 13, 2019. UK Parliament/Mark Duffy/Handout via REUTERS

March 14, 2019

By Paul Sandle and James Davey

LONDON (Reuters) – Britain’s parliament was due to vote on Thursday on whether to delay Brexit beyond March 29 and Prime Minister Theresa May prepared to push lawmakers to vote again before then on her EU divorce deal, which they have twice rejected.

Key to May’s plan will be an attempt to persuade the most pro-Brexit lawmakers to reverse their opposition to her deal in the face of a possibly long delay that could mean Britain ends up with a closer relationship with the EU than May’s plan foresees or that Brexit is overturned in a second referendum.

Arlene Foster, leader of the Northern Irish Democratic Unionist Party (DUP) that props up May’s minority government in parliament but which has so far voted against May’s agreement, said it was working with the government to try to find a way of leaving the EU with a deal.

On Wednesday, parliament rejected the prospect of leaving the European Union without a deal, paving the way for Thursday’s vote that could delay Brexit until at least the end of June.

Sterling surged as investors saw less chance of Britain leaving the EU without a transition deal to smooth its exit.

British finance minister Philip Hammond said Brussels might insist on a long delay to Brexit if the UK government requests an extension to the process.

‘NOT IN OUR CONTROL’

“This is not in our control and the European Union is signaling that only if we have a deal is it likely to be willing to grant a short technical extension to get the legislation through,” Hammond told Sky News.

“If we don’t have a deal, and if we’re still discussing among ourselves what is the right way to go forward, then it’s quite possible that the EU may insist on a significantly longer period,” he said.

May said on Wednesday lawmakers would need to agree a way forward before an extension could be obtained. All 27 other EU member states must agree to any extension.

She said her preference was for a short delay, meaning the government could try to pass the deal she negotiated with the EU by the middle of next week, even though it was rejected heavily by lawmakers in January and again on Tuesday.

Andrew Bridgen, a eurosceptic lawmaker from May’s Conservative Party accused her of pursuing a “scorched earth” policy of destroying all other Brexit options to leave lawmakers with a choice between her deal and a delay of a year or more.

A senior official in Britain’s opposition Labour Party said it would support a limited extension to the Brexit date beyond March 29 in order to seek a compromise that can be backed by lawmakers.

“We will be putting an amendment down to ensure parliament considers an extension, it doesn’t necessarily have to be a long extension,” Labour’s finance spokesman John McDonnell told Sky News. “We will go for a limited extension today.”

Lawmakers filed amendments to the government’s motion on delaying Brexit that is due to be put to a vote later on Thursday.

One amendment seeks to rule out a second referendum while another is for a second referendum. A Labour Party amendment calls for a delay to Brexit to allow parliament time to find an alternative way forward.

(Writing by William Schomberg, Additional reporting by William James; Editing by Janet Lawrence)

Source: OANN

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France and Germany launch alliance to back multilateralism

France and Germany have announced the launch of an Alliance for Multilateralism to promote global cooperation at a time of rising nationalism in Europe, the United States and elsewhere.

France's Foreign Minister Jean-Yves Le Drian told a joint news conference with Germany's Foreign Minister Heiko Maas on Tuesday that their first objective is to show that states that "support multilateralism and support the United Nations remain the majority in the world."

The second objective, he said, is to create a network of countries ready to support multilateralism and cooperate, including to fight inequality, tackle climate change and address the consequences of new technologies.

Le Drian said the alliance also wants "to show the world what could be the consequences of unilateralism and isolationism enabling nationalism and extremist speeches to flourish."

He said the alliance is a response to the risk of shattering the post-World War II world order that established the United Nations and other international institutions.

U.N. Secretary General Antonio Guterres opened last September's annual gathering of world leaders at the General Assembly declaring that global cooperation is the world's best hope and warning that "multilateralism is under fire precisely when we need it most."

U.S. President Donald Trump's speech, soon after Guterres.' poured scorn on multilateralism, touted his "America First" policy, and rejected "the ideology of globalism."

Nonetheless, General Assembly President Maria Espinosa Garces said at the end of the week-long meeting during which all 193 U.N. member nations spoke that one of its major achievements was strong global backing for the U.N. and multilateralism.

Le Drian said cooperation is never easy but it is key to security "because there is security only if it is collective, and it is the best guarantee for long-lasting peace."

He said France and Germany will pursue the initiative in the coming months and try to convince as many countries as possible to join before leaders gather this September.

Le Drian noted that he and Maas discussed the alliance with Canada and Japan, but he made no mention of the United States.

Asked about possible support from the Trump administration, and whether it had been contacted, Le Drian said: "Whoever wants to join us can join us — It is against nobody."

Maas said he hasn't talked to Trump about it yet.

"This alliance is an inclusive alliance," he said. "So we don't want a situation where countries are left out. We don't lock out anyone. But, of course, we see multilateralism is under threat ... and all of those who want to join such an initiative (should) also declare themselves to be multilateralists."

"We would be happy, of course, if the United States were to join such an initiative, but this initiative has the aim to promote and strengthen the rules-based order and strengthen the international order," Maas said. "In the end, everyone will have to decide on which side they're on."

Source: Fox News World

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Notre Dame Cathedral: Salma Hayek’s French billionaire husband pledges more than $100M for rebuild

Salma Hayek’s husband, the French billionaire François-Henri Pinault, pledged almost $113 million to rebuild Paris’ historic Notre Dame Cathedral after Monday’s devastating fire.

Pinault announced Tuesday that he will draw almost $113 million in funds from his family’s investment firm, Artemis, “to participate in the effort that will be necessary for the complete reconstruction of Notre-Dame,” the French newspaper Le Figaro reported.

THE LATEST: FRENCH LEADER VOWS TO REBUILD DAMAGED NOTRE DAME

Pinault, 56, who is the chairman and CEO of Kering, a Paris-based luxury group behind brands including Gucci, Yves Saint Laurent, Balenciaga, Alexander McQueen, married the Mexican and American actress Salma Hayek in Paris in 2009, Yahoo News reported. The couple owns a residence nearby the destroyed 12th-century medieval Catholic cathedral.

“As many others I’m in deep shock and sadness to witness the beauty of Notre-Dame turn into smoke. I love you Paris,” Hayek said on Instagram, sharing an image of the cathedral ablaze.

Pinault’s father, the 82-year-old Francois Pinault, is worth $37.3 billion, according to Bloomberg’s Billionaire Index. The family’s contribution is the first major donation to reconstruction efforts after the fire engulfed the historic structure, leading to the collapse of the structure’s main spire.

CLICK HERE FOR THE FOX NEWS APP

A public fundraising drive for reconstruction efforts kicked off Tuesday. French President Emmanuel Macron addressed a sorrowful crowd at the site. He vowed to rebuild the cathedral for the French people, describing it as the “epicenter” of their lives, The New York Post reported.

“It is what our history deserves,” Macron said. “It is, in the deepest sense, our destiny.”

Source: Fox News World

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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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