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Sidney Powell: Russia Collusion Was Made Up

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Former assistant federal prosecutor Sidney Powell told Full Measure News host Sharyl Atkinson told the Russian Collusion narrative is a hoax.

“The entire Russia collusion narrative was made up,” Powell said. “The FBI and the intelligence community and the Department of Justice began an investigation against four American citizens simply because they worked for the opposition political candidate, that being Donald Trump.”

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Report: Actor Tom Arnold Triggered Cohen-Trump Fallout

Lawyer Michael Cohen's epic fallout with President Donald Trump was reportedly triggered by a meeting last June between actor Tom Arnold and the president's trusted fixer.

According to The New York Times, Arnold tweeted a selfie with Cohen and later claimed to NBC News that the pair were teaming up to take down the president.

Trump lawyer Rudy Giuliani phoned Cohen's legal adviser, Robert Costello, because the president wanted to know what it was all about, the Times reported.

"Is he totally nuts???" Costello wrote in frustration to his law partner, the Times reported. "He is playing with the most powerful man on the planet."

When Cohen sent along Arnold's tweet clarifying the situation — "I'm the crazy person who said Me & Michael Cohen were teaming to take down Trump of course," Arnold posted — Costello sent it to Giuliani with the request: "Make sure your client knows this. He will sleep better," the Times reported.

Cohen tweeted at the time the meeting with Arnold was a "chance, public encounter in the hotel lobby where he asked for a selfie," and insisted they never talked about Trump.

Arnold tweeted Sunday about the Times account: "This was satisfying."

Source: NewsMax America

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Bernie Sanders takes stage at Fox News town hall after emerging as apparent Dem frontrunner

Bernie Sanders took the stage at a fiery Fox News town hall in Bethlehem, Pennsylvania on Monday, and almost immediately, refused to explain why he would not voluntarily pay the massive new 52-percent "wealth tax" that he advocated imposing on the nation's richest individuals.

Just minutes before the town hall began, Sanders released ten years of his tax returns, which he acknowledged showed that he had been "fortunate" even as he pushed for a more "progressive" tax system. According to the returns, Sanders and his wife paid a 26 percent effective tax rate on $561,293 in income, and made more than $1 million in both 2016 and 2017.

But pressed by anchors Bret Baier and Martha MacCallum as to why he was holding onto his wealth, Sanders deflected, and asked why MacCallum didn't donate her salary.

"I paid the taxes that I owe," Sanders shot back. "Why don't you get Donald Trump up here and ask him how muhc he pays in taxes? Hey President Trump, my wife and I just released 10 years. Plesae do the same."

Asked whether Sanders' success -- and subsequent decision to hold onto his cash -- wasn't an implicit endorsement of capitalism, Sanders rejected the notion out of hand.

"No," Sanders replied. "What we want is a country in which everyone has an opportunity. ... A lot of people don't have a college degree. A lot of people are not United States senators.

The town hall took place as Sanders emerged as the fundraising front-runner among Democrats, and sought to further distinguish himself from a crowded field of liberal candidates who have largely embraced his progressive proposals, from a sweeping "Medicare for All" overhaul to a higher minimum wage and free public college education.

The 77-year-old self-proclaimed 'democratic socialist' — the longest-serving Independent member of Congress in history — was expected to focus on the economy and his plans for U.S. job growth.

Queried whether he is too old to serve as president, Sanders acknowledged it was a "fair question," but said there is "too much focus on individuals and not enough focus on the American people and what their needs are."

Over the weekend, Sanders sparred with progressive activist groups that pointed out he has since largely dropped his criticisms of "millionaires and billionaires," opting instead to single out "billionaires" only.

Earlier Monday afternoon, Sanders previewed some of his messaging by asserting that President Trump's "tax policies" will "raise taxes on millions of people."

In an article entitled "Face it: You (Probably) Got a Tax Cut," the New York Times credited liberal messaging with confusing large swaths of the electorate into thinking that their taxes went up, when in fact most saw significant tax savings under Trump's 2017 tax law.

The town hall marked the Vermont senator's first appearance on Fox News Channel since he agreed to be a guest on Baier's show in December 2018. He also participated in a Fox News Channel town hall back in 2016 alongside his then-competitor Hillary Clinton.

"Not everybody thought I should come on this show," Sanders said at one point. "Your network does not have a great deal of respect in my world, but I thought it was important to be here."

HOW BERNIE WENT FROM SOCIALIST GADFLY TO FRONTRUNNER

Democratic National Committee (DNC) chair Tom Perez has excluded Fox News from hosting a Democrat primary debate. Some congressional Democrats have called that decision inappropriate and unhelpful, and DNC leadership later said it had no objection to Sanders appearing at a Fox News town hall.

Defending his appearance at the town hall, Sanders told Comedy Central's "The Daily Show" that it was "important to talk to Trump supporters and explain to them to what degree he has betrayed the working class of this country and lied during his campaign.”

DNC Chair Tom Perez in April 2017. (Joe Raedle/Getty Images, File)

DNC Chair Tom Perez in April 2017. (Joe Raedle/Getty Images, File)

Since announcing his presidential bid in February, Sanders has hauled in a whopping $18.2 million in the first 41 days of his campaign. But, although Sanders had a fundraising edge over his rivals, Democrats generally haven't raised as much cash as they'd hoped by this point. Many donors have been sitting on the sidelines to see how the contest unfolds, signaling a drawn-out primary battle ahead.

The campaign among Democrats has come into greater focus as declared White House hopefuls reported their first-quarter fundraising totals. Early glimpses provided by nine of the declared candidates showed that Democrats were raising less money than they had in previous cycles and were coming up short against the campaign bank account Trump has been building.

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Democrats collectively raised about $68 million since January, according to the candidates who have already released their fundraising totals. That's less than the $81 million Democrats raised during the same period in 2007, the last time the party had an open primary, according to data from the Federal Election Commission. And, it paled in comparison with the $30 million Trump raised during the first quarter.

"There is no question that the numbers are not at the level that they were with Barack Obama and Hillary Clinton in 2008 by a long shot," said Tom Nides, a Clinton adviser and longtime fundraiser. "Am I worried? No, I'm not worried. But I'm a little bit concerned."

Fox News' Paulina Dedaj and The Associated Press contributed to this report.

Source: Fox News Politics

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Cat that went missing 5 years ago finally found

A Massachusetts family says a pet cat who went missing five years ago has returned home after the feline was unexpectedly found.

Elinore Repucci had let her tabby cat Larry out for a walk in August 2013, but he didn't come back after walking out the door. Repucci tells the Newburyport Daily News she and her family spent the next few weeks frantically searching for Larry.

Repucci says she eventually resigned herself to thinking an animal killed Larry, as her home was near the woods.

But an animal rescue shelter in Salisbury, Massachusetts, about 20 miles (32 kilometers) from her home, called her Thursday and said they found a cat with a microchip registered to her.

Shelter director Britt Fox Hover says Larry is pretty healthy, but is missing part of a paw.

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Information from: The Daily News of Newburyport (Mass.), http://www.newburyportnews.com

Source: Fox News National

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For the media to say that Trump hasn’t condemned neo-Nazis and white supremacists is ‘not true’: Mollie Heminway

The Federalist senior editor Mollie Hemingway and Washington Post columnist Marc Thiessen butted heads during the Special Report “All-Star” panel over President Donald Trump’s response to the anti-Muslim shootings that took place in New Zealand last week.

On Friday, President Trump expressed his condolences on Twitter for the 49 people who were shot in mosques by a white nationalist, but later dismissed the idea to reporters that white nationalism was “on the rise.”

Thiessen began by calling the efforts made by Democrats and the media to link Trump to the terror attack “absurd,” but insisted that he’s “vulnerable” to such criticism because he hasn’t “definitively rejected the alt-right” in the U.S.

Hemingway interjected, telling Thiessen what he said was “not true” and pointed to Trump’s remarks after Charlottesville where he said, “I am not talking about neo-Nazis and white nationalist because they should be condemned totally,” something she noted was from the same event as his “both sides” comments.

“When he condemns people by name, it doesn’t get mentioned and that is something that the media has done a very bad job at telling the truth on,” Hemingway said to Thiessen.

The Washington Post columnist doubled down, saying that the alt-right is “claiming” the president compared his failure to condemn them to House Democrats’ recent failure to only condemn anti-Semitism amid the controversy surrounding Rep. Ilhan Omar, D-Minn.

“We are all responsible for policing our own movements and Donald Trump has not effectively done that when it comes to the alt-right,” Thiessen told the panel.

Hemingway called it “frustrating” when Trump’s condemnation of neo-Nazis and white supremacists go unacknowledged and stressed how the shooter said in his manifesto that he wanted to get the media to have these conversations to “blame certain people for what he did.”

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“The fact that this is the nature of the conversation we're having right now when there is this attack, we should be talking about the people who were murdered and the victims and what they have gone through,” Hemmingway added.

Meanwhile, NPR national political correspondent Mara Liasson pointed to how conservatives “rightly” pushed Democrats and President Barack Obama to call out Islamic terrorism and that “for the same reason,” President Trump should be calling out and rejecting white supremacy “by its name.”

Source: Fox News Politics

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‘Joe Exotic,’ Oklahoma zookeeper who ran for governor, is convicted in murder-for-hire plot

A zookeeper and former Libertarian candidate for governor of Oklahoma was convicted by a federal jury on Tuesday of trying to arrange the murder of a Florida sanctuary founder who'd criticized his treatment of animals.

Joseph Allen Maldonado-Passage, 56, commonly known as "Joe Exotic," was also convicted of killing five tigers in October 2017, as well as selling and offering to sell tiger cubs between November 2016 and March 2018.

U.S. District Judge Scott Palk did not set a sentencing date for Maldonado-Passage, who could face more than 20 years in prison.

Prosecutors said Maldonado-Passage offered an undercover FBI agent $10,000 in December 2017 to kill Carole Baskin, the founder and CEO of the Big Cat Rescue sanctuary outside Tampa. The meeting was recorded and played for the jury last week.

In the recording, Maldonado-Passage told the agent: "Just, like, follow her into a mall parking lot and just cap her and drive off."

UK ZOO'S BIZARRE BIG CAT CHALLENGE LEADS TO BACKLASH

Prosecutors said that a month earlier, in November 2017, Maldonado-Passage gave a worker at his private zoo in Wynnewood, Okla., $3,000 as a down payment to kill Baskin.

Maldonado-Passage, testifying in his own defense on Monday, said that although disagreements with Baskin had spilled over into his social media posts, he never truly wanted her dead.

In a statement, Baskin said she was "grateful that justice was served and [Maldonado-Passage] hopefully will serve time in prison and no longer present a threat either to me or to his former big cats.

CLICK HERE TO GET THE FOX NEWS APP

"While media attention regarding this trial has primarily focused on the murder-for-hire charges, there is a much larger significance to the wildlife charges. For years, a network of big cat owners like Passage who have engaged in cruel cub petting schemes and the exhibition of big cats have also been engaging in the illegal sale of tigers and other animals back and forth among themselves simply by checking the box on the USDA transfer form that says “donated” instead of “sale” and quietly paying cash for the animals.

Baskin added, "I hope that the detailed evidence of these illegal transfers developed for this trial will lead to more prosecutions to protect captive big cats in this country from this illegal trade."

Known for his blond mullet and expletive-laden rants on YouTube, Maldonado-Passage finished third in a three-way Libertarian primary in 2018. Maldonado-Passage also appeared on John Oliver's "Last Week Tonight" when he was a 2016 write-in candidate for president.

The Associated Press contributed to this report.

Source: Fox News National

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Extinction Rebellion: Environmental protests halt traffic

Environmental protesters have briefly blocked Waterloo Bridge in London and cut off access to other landmarks as they try to bring the city to a standstill.

The group Extinction Rebellion is trying to block five central London locations Monday to demand the British government declare a climate emergency.

The group expects thousands of protesters to converge on Marble Arch, Oxford Circus, Waterloo Bridge, Piccadilly Circus and Parliament Square.

Extinction Rebellion drew attention to its cause two weeks ago when members stripped to their underwear in the public gallery in Parliament during a Brexit debate.

Police have advised Londoners to leave extra time for their journeys because of possible delays caused by the protest.

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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