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Ex-US Sen Ernest ‘Fritz’ Hollings of South Carolina dead

Ernest F. "Fritz" Hollings, the silver-haired Democrat who helped shepherd South Carolina through desegregation as governor and went on to serve six terms in the U.S. Senate, has died. He was 97.

Family spokesman Andy Brack, who also served at times for Hollings as spokesman during his Senate career, said Hollings died early Saturday.

Hollings, whose long and colorful political career included an unsuccessful bid for the Democratic presidential nomination, retired from the Senate in 2005, one of the last of the larger-than-life Democrats who once dominated politics in the South.

He had served 38 years and two months, making him among the longest-serving senators in history.

Nevertheless, Hollings remained the junior senator from South Carolina for most of his term. The senior senator was Strom Thurmond, first elected in 1954. He retired in January 2003 at age 100 as the longest-serving senator in history.

SENATE REPUBLICANS ENACT PROCEDURAL CHANGE TO SPEED CONFIRMATION OF TRUMP JUDICIAL PICKS

In his final Senate speech in 2004, Hollings lamented that lawmakers came to spend much of their time raising money for the next election, calling money "the main culprit, the cancer on the body politic."

"We don't have time for each other, we don't have time for constituents except for the givers. ... We're in real, real trouble."

Hollings was a sharp-tongued orator whose rhetorical flourishes in the deep accent of his home state enlivened many a Washington debate, but his influence in Washington never reached the levels he hoped.

He sometimes blamed that failure on his background, rising to power as he did in the South in the 1950s as the region bubbled with anger over segregation.

However, South Carolina largely avoided the racial violence that afflicted some other Deep South states during the turbulent 1960s.

Hollings campaigned against desegregation when running for governor in 1958. He built a national reputation as a moderate when, in his farewell address as governor, he pleaded with the legislature to peacefully accept integration of public schools and the admission of the first black student to Clemson University.

"This General Assembly must make clear South Carolina's choice, a government of laws rather than a government of men," he told lawmakers. Shortly afterward, Clemson was peacefully integrated.

In his 2008 autobiography, "Making Government Work," Hollings wrote that in the 1950s "no issue dominated South Carolina more than race" and that he worked for a balanced approach.

"I was 'Mister-In-Between. The governor had to appear to be in charge; yet the realities were not on his side," he wrote. "I returned to my basic precept ... the safety of the people is the supreme law. I was determined to keep the peace and avoid bloodshed."

In the Senate, Hollings gained a reputation as a skilled insider with keen intellectual powers. He chaired the Commerce, Science and Transportation Committee and held seats on the Appropriations and Budget committees.

But his sharp tongue and sharper wit sometimes got him in trouble. He once called Sen. Howard Metzenbaum, D-Ohio, the "senator from the B'nai B'rith" and in 1983 referred to the presidential campaign supporters of former Sen. Alan Cranston, D-California, as "wetbacks."

Hollings began his quest for the presidency in April 1983 but dropped out the following March after dismal showings in Iowa and New Hampshire.

SEN. KAMALA HARRIS CO-SPONSORING BILL TO LET DREAMERS BE CAPITOL HILL INTERNS

Early in his Senate career, he built a record as a hawk and lobbied hard for military dollars for South Carolina, one of the poorest states in the union.

Hollings originally supported American involvement in Vietnam, but his views changed over the years as it became clear there would be no American victory.

Hollings, who made three trips to the war zone, said he learned a lesson there.

"It's a mistake to try to build and destroy a nation at the same time," he wrote in his autobiography, warning that America is now "repeating the same wrongheaded strategy in Iraq."

Despite his changed views, Hollings remained a strong supporter of national defense which he saw as the main business of government.

In 1969 he drew national attention when he exposed hunger in his own state by touring several cities, helping lay the groundwork for the Women, Infants and Children, or WIC, feeding program.

A year later, his views drew wider currency with the publication of his first book "The Case Against Hunger."

In 1982, Hollings proposed an across-the-board federal spending freeze to cut the deficit, a proposal that was a cornerstone of his failed presidential bid.

He helped create the National Oceanic and Atmospheric Administration and write the National Coastal Zone Management Act. Hollings also attached his name to the Gramm-Rudman bill aimed at balancing the federal budget.

Hollings angered many of his constituents in 1991 when he opposed the congressional resolution authorizing President George Bush to use force against Iraq.

In his later years, port security was one of his main concerns.

As he prepared to leave office, he told The Associated Press: "People ask you your legacy or your most embarrassing moment. I never, ever lived that way. ... I'm not trying to get remembered."

He kept busy after the Senate helping the Medical University of South Carolina raise money for the cancer center which bears his name and lecturing at the new Charleston School of Law.

Hollings' one political defeat came in 1962 when he lost in a primary to Sen. Olin Johnston. After Johnston died, Hollings won a special election in 1966 and went to the Senate at age 44, winning the first of his six full terms two years later.

Ernest Frederick Hollings was born in Charleston, South Carolina, on Jan. 1, 1922. His father was a paper products dealer but the family business went broke during the Depression.

Hollings graduated from The Citadel, the state's military college in Charleston, in 1942. He immediately entered the Army and was decorated for his service during World War II. Back home, he earned a law degree from the University of South Carolina in 1947.

The next year, he was elected to the state House at age 26. He was elected lieutenant governor six years later and governor in 1958 at age 36.

As governor, he actively lured business, helped balance the budget for the first time since Reconstruction and improved public education.

Source: Fox News Politics

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Moroccans protest prison sentences of anti-poverty activists

Thousands of demonstrators in Morocco are condemning prison sentences given to the leader of the Hirak Rif anti-poverty movement and dozens of other activists.

The demonstration brought one of the main avenues of the Moroccan capital, Rabat, to a standstill on Sunday. Security forces kept watch as participants sang, "The people want the detainees released" and "Long live Rif."

Hirak leader Nasser Zefzafi was sentenced to the maximum prison term of 20 years for threatening state security. An appeals court upheld his sentence and those of other activists this month.

Rif is the struggling region in northern Morocco where the Hirak movement was born in 2016. The movement demands development and job creation for the region.

Families, human rights organizations and left-wing parties are demanding the imprisoned activists' immediate release.

Source: Fox News World

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Rep. Steve King Says He Relates to Suffering of Jesus

Rep. Steve King, R-Iowa, who has faced strong criticism for an offensive remark about white supremacy, says he can relate to the suffering of Jesus Christ, The Des Moines Register is reporting.

King made his comments at a town hall in Cherokee, Iowa, on Tuesday.

"When I have to step down to the floor of the House of Representative and look up at those 400-and-some accusers — you know we just passed through Easter and Christ's passion — and I have better insight into what He went through for us, partly because of that experience," he said.

"For all that I've been through, and it seems even strange for me to say it, but I am at a certain peace, and it is been because of a lot of prayers for me."

King was stripped of his committee assignments earlier this year. The action came after he told The New York Times: "White nationalist, white supremacist, Western civilization — how did that language become offensive?"

Source: NewsMax Politics

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Cheap solar panels power consumer appliance boom in North Korea

FILE PHOTO: Solar panels face the sun from balconies of an apartment building in Pyongyang
FILE PHOTO: Solar panels face the sun from balconies of an apartment building in Mangyongdae District, Pyongyang August 27, 2014. REUTERS/Staff/File Photo

April 17, 2019

By Hyonhee Shin

SEOUL (Reuters) – Years after they first appeared in North Korea, increasingly cheap and available solar panels are giving a boost to consumer consumption and industry as Pyongyang tries to limit the impact of tough international sanctions.

Electricity shortages have been a perennial concern for North Korea, and leader Kim Jong Un has called for greater use of renewable energy as part of his drive for self-sufficiency as sanctions have ratcheted higher in response to the country’s nuclear and missile programs.

Now ever more households, factories and businesses are equipped with solar panels, leading to a greater variety of home electronics products available in increasingly common private markets known as jangmadang, defectors and recent visitors say.

Among the hottest selling items are water purifiers, hair straighteners and electric bicycles, mostly from China but some made in North Korea or even smuggled in from South Korea.

“A few years ago, such things as water purifiers, mixers and rice cookers were only seen at some restaurants and rich households, but they are becoming commonplace, especially in cities,” said Kang Mi-jin, an economic expert who regularly speaks with North Koreans for Daily NK, a website run by defectors.

“Some would look just like an ordinary middle-class South Korean home, with a wall-hanging LED TV, multiple laptops and electric mini cars for babies.”

CONSUMER CULTURE

North Koreans started using solar panels several years ago, mostly to charge mobile phones and light their homes as a backup to the unstable, mostly hydro and coal-fired national grid.

As well as markets brimming with electronics products, there are more teahouses, computer games rooms, karaoke bars and billiard halls open longer after switching to solar from diesel generators, according to recent visitors and defectors.

Such entertainment venues are becoming more widespread, not only in cities, but also the countryside, where grid power is even less reliable.

“At night, often it is only those places that have solar panels and batteries that have lights on,” a source with knowledge of the issue told Reuters on condition of anonymity due to the sensitivity of North Korea affairs.

Use of the panels spread after they were used at a now-closed inter-Korean factory park in the North’s border city of Kaesong that opened in 2004.

“Now many apartment balconies have them out in the sun during the day collecting energy so they are readily visible, the source said.

Private use of solar panels has gone from being officially banned, to tolerated, to encouraged by the ruling Workers’ Party, which keeps a tight rein on the economy and the populace.

Early this month, the official Rodong Sinmun ran an article about a team of laborers at a cooperative farm who earned solar panels and LED TVs as a reward from the Party for surpassing a production goal.

State television has also aired a series of reports on the growing use of solar energy over the past year, including a 17-minute documentary from October introducing locally made devices, such as high-voltage inverters and even a portable charger for electric bicycles.

Kim Yun-soung, a research fellow at the Green Energy Strategy Institute in Seoul, said the North’s push for domestic production of solar equipment was spurred by sanctions banning imports of metal products.

“Electricity was the biggest problem but we achieved such a highly advanced, cutting-edge technology ourselves from scratch, which was once monopolized by developed nations,” the film’s narrator said, referring to the inverters.

State media has listed the central bank, schools, factories, and even ferries as entirely powered by solar panels.

“A solar panel gives you ‘free’ power once it is installed,” said Kim Young Hui, a defector and an economist at the South’s state-run Korea Development Bank.

“So the nature of the panels perfectly fits Kim Jong Un’s mantra of self-reliance – or in other words, creating something out of nothing.”

‘FREE POWER’

Most of the panels sold in markets were brought in from China, and prices have dropped by up to 40 percent over the last few years amid a global glut and rising North Korean production, defectors and experts said.

In 2015, sources told Reuters a small 20-watt panel was sold at about $44. These days a 30-watt panel – a more widely used model – costs only about $15, Kang said.

Pyongyang does not provide data on its use of solar power, but Kang said about 55 percent of North Korean households are equipped with the panels. The ratio is higher in Pyongyang and other cities, as well as border regions where Chinese goods are widely available, she said.

David von Hippel, an Oregon-based senior associate at the Nautilus Institute, a U.S. think tank, said North Korea has imported a total of 29 megawatts of solar panels from China through 2017, citing Beijing’s custom data.

Experts say solar energy still account for less than 0.1 percent of the country’s generation capacity, estimated by South Korea’s statistics agency at some 7,700 megawatts as of 2017.

Pyongyang aims to boost its renewable capacity to 5,000 megawatts by 2044, with a focus on wind power, according to state media.

Panels play a key role in soothing public discontent toward the Kim regime over chronic power shortages and sanctions, defectors and observers say.

“Kim Jong Un appears to be committed to economic reform,” von Hippel said. “So the increased access to energy in some ways relieves the government from having to supply its citizens with energy.”

(Reporting by Hyonhee Shin. Editing by Lincoln Feast.)

Source: OANN

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Gavin Newsom’s El Salvador investment push is ‘wrong move,’ angel mom says, as California ‘has a lot of issues’

An angel mother is pushing back on California Gov. Gavin Newsom’s mission to spur investment in El Salvador as a way of mitigating the surge of migrants heading to the U.S.-Mexico border, telling Fox News on Tuesday that “he ought to be focusing on what is happening in our state.”

Agnes Gibboney, whose son Ronald da Silva was shot and killed in the Los Angeles-area in 2002 by an illegal immigrant, made the comment on "Fox & Friends" following the Democrat’s recent trip to the Central American country.

“Absolutely the wrong move. California has a lot of issues,” she said when asked about Newsom’s approach, lamenting the Golden State’s infrastructure, economic growth, schools, and tax system. “He ought to be focusing on what is happening in our state, not another country. It’s not his job to be doing that.”

Newsom is hoping that by attracting investment in El Salvador, its citizens will have less of a desire to flee there in hopes of coming to America, where federal officials are grappling with a surge in migrants at the U.S.-Mexico border.

OPINION: GAVIN NEWSOM'S 'TRAIN TO NOWHERE' REPRESENTS A BIG PART OF THE GREEN NEW DEAL

“Helping stabilize El Salvador directly helps California by mitigating the border challenges, by mitigating migration, by tempering the rhetoric with the Trump administration,” the Los Angeles Times quoted him as saying. “It’s about finding a different angle in the debate.”

“I think the economic opportunities, the investment opportunities are real, and getting some California industry, business interests to take a look at El Salvador is something that we’re clearly going to pursue,” he also said.

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But Gibboney believes California and Newsom should protect their own, not those living in El Salvador. She says her son’s killer, Luis Gonzalez – a reported gang member -- is set to walk free in February next year.

“I have no respect for the California government because they let me down. They protect criminal illegal aliens – they’re not protecting my family,” she told ‘Fox & Friends’. “Where was my son’s sanctuary? Where is my sanctuary? And to let everyone know, the individual that murdered my son will be released from prison in the state of California next year in February. This is an outrage. We need to protect our own – not criminals and not illegals that are costing taxpayers billions and billions of dollars a year.”

Source: Fox News National

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Goldman seeks ‘curious’ engineers for digital innovation program: website

The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York
The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid

April 3, 2019

By Suzanne Barlyn

(Reuters) – Goldman Sachs Group Inc on Wednesday launched an initiative to attract tech-savvy engineers to the bank to take part in a year-long program aimed at developing new finance apps and other innovations, according to the company’s website.

The company is soliciting research proposals from “curious” engineers for a new digital innovation program. Those selected will receive $100,000 in wages and access to its code that allows software programs to communicate with each other, known as application program interface (API).

Goldman’s move is part of a broader trend among companies, including Alphabet Inc’s GoogleO>, Twitter Inc and Spotify Technology SA, to make similar code available to individuals outside of its company, hoping that their involvement will spur new apps and other ideas.

The bank is interested in research about mobile apps, trading strategies, and data visualization, among other things.

Goldman will select proposals based on “novelty, commercial opportunity, feasibility, and the extent to which they utilize the Goldman Sachs platform, among other considerations,” the company said.

(Reporting by Suzanne Barlyn in New York; Editing by Steve Orlofsky)

Source: OANN

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Black woman replacing Alabama editor who endorsed KKK

A white Alabama newspaper editor who advocated for a revival of the Ku Klux Klan is turning over control to a black woman.

The Democrat-Reporter of Linden, Alabama, announced Friday that Elecia R. Dexter is taking over as the paper's publisher and editor from Goodloe Sutton.

That comes after Sutton published an editorial calling for a resurgence of the KKK. The editorial said Democrats and "Democrats in the Republican Party" are plotting to raise taxes, so the Klan should raid their communities.

The 46-year-old Dexter says she began working at the paper earlier this year. She says she told Sutton he could have expressed his views differently.

Dexter says she hopes having a black editor at the small, weekly paper will help community members know their views will be represented.

Source: Fox News National

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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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