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Euro zone sentiment dips to new two-year low in February

Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg
Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg September 23, 2012. REUTERS/Fabian Bimmer/File Photo

February 27, 2019

By Philip Blenkinsop

BRUSSELS (Reuters) – Euro zone economic sentiment dipped for an eighth consecutive month to a new two-year low in February as managers in industry became more downbeat about inventories, order books and production expectations.

Euro zone economic sentiment slipped to 106.1 points in February from an upwardly revised 106.3 in January, the European Commission said on Wednesday, marking the lowest level since November 2016.

Economists polled by Reuters had expected a slightly sharper decline to 106.0.

The survey adds to evidence that economic prospects of the 19-member euro zone for the start of 2019 are muted after only modest growth of 0.2 percent quarter-on-quarter in the third and fourth quarters of 2018.

Sentiment in industry fell for a third consecutive month to -0.4 points in February from 0.6 points in January, well below market expectations of 0.1.

By contrast, sentiment in services, a sector which produces two thirds of the euro zone GDP, picked up to 12.1 from 11.0 in January, against expectations that it would be unchanged, although the chief cause for the improvement was the past business situation.

The mood of consumers also picked in February up to -7.4 after January’s -7.9, while sentiment in retail trade was less gloomy at -1.6 points in February from -2.1 in January.

Among the major countries, overall economic sentiment improved in the Netherlands, but was lower in France and Italy and very slightly in Germany and unchanged in Spain.

A separate business climate indicator, which helps point to the phase of the business cycle, was unchanged in February at 0.69, above the 0.60 average forecast in the Reuters poll. For January and February, this was the lowest reading since January 2017.

(Brussels newsroom)

Source: OANN

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WTF? Why Are People ‘Laughing’ As Notre Dame Cathedral Burns?

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Source: InfoWars

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U.S. construction spending posts biggest increase in nine months

Construction cranes are seen in downtown Los Angeles
FILE PHOTO - Construction cranes are seen in downtown Los Angeles, California, U.S., May 22, 2017. REUTERS/Lucy Nicholson

March 13, 2019

WASHINGTON (Reuters) – U.S. construction spending surged in January, with investment in public projects rising to a more than eight-year high, which could boost economic growth estimates for the first quarter.

The Commerce Department said on Wednesday that construction spending jumped 1.3 percent, the largest increase since last April, after a revised 0.8 percent drop in December.

Economists polled by Reuters had forecast construction spending rising 0.4 percent in January after a previously reported 0.6 percent drop in December.

Construction spending increased 0.3 percent on a year-on-year basis in January. The release of the January report was delayed by a five-week partial shutdown of the government that ended on Jan. 25. The February construction spending report will be published on April 1 as scheduled.

In January, investment in public construction projects increased 4.9 percent to its highest level since September 2010. The percent increase was the largest since March 2004 and followed a 1.0 percent drop in December.

Spending on federal government construction projects increased 4.2 percent to the highest level since October 2017 after plunging 1.9 percent in December. Investment in state and local government construction projects jumped 4.9 percent to a 9-1/2-year high after falling 1.0 percent in the prior month.

Spending on private construction projects rose 0.2 percent in January after declining for two straight months. Investment in private residential projects dropped 0.3 percent, falling for the sixth straight month.

The housing market has been weighed down by higher mortgage rates, expensive building materials as well as land and labor shortages. Investment in homebuilding contracted 0.2 percent in 2018, the weakest performance since 2010.

Spending on private nonresidential structures, which includes manufacturing and power plants, rose 0.8 percent in January after increasing 0.6 percent in December.

(Reporting By Lucia Mutikani; Editing by Andrea Ricci)

Source: OANN

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MLB roundup: Rodriguez guides Red Sox past Tigers

MLB: Detroit Tigers at Boston Red Sox
Apr 24, 2019; Boston, MA, USA; Boston Red Sox starting pitcher Eduardo Rodriguez (57) throws a pitch against the Detroit Tigers in the first inning at Fenway Park. Mandatory Credit: David Butler II-USA TODAY Sports

April 25, 2019

Eduardo Rodriguez shined over six innings, and J.D. Martinez collected a season-high three hits to lead the Boston Red Sox to an 11-4 win over the visiting Detroit Tigers on Wednesday.

Rodriguez (2-2) struck out seven while allowing one run on two hits and three walks. He kept the Tigers hitless over his first 4 1/3 innings as the Red Sox rebounded from a doubleheader sweep on Tuesday.

After Brandon Workman struck out the side for Boston in the seventh, Matt Barnes did the same in the eighth, though Detroit had loaded the bases with two outs while down 4-1. Barnes fanned Ronny Rodriguez on three pitches to escape the jam.

The Red Sox sent 12 men to the plate and scored seven runs in the bottom of the eighth to make it a blowout. Three came home on bases-loaded walks.

Astros 7, Twins 1

Justin Verlander gave up four hits and a run over eight innings to pick up his fourth win, and Michael Brantley, Carlos Correa and Josh Reddick each homered to lead Houston to victory over visiting Minnesota.

It was the seventh straight victory for Verlander (4-0) dating back to last season. He struck out eight and didn’t walk a batter while improving to 20-9 all-time against the Twins and becoming the first Houston starter to pitch past the seventh inning this season.

Brantley, Reddick and Robinson Chirinos each had two hits for Houston, which won the series 2-1. Jorge Polanco homered for Minnesota. Kohl Stewart (0-1), recalled from Triple-A Rochester earlier in the day, took the loss.

Phillies 6, Mets 0

Vince Velasquez combined with four relievers on a six-hit shutout for visiting Philadelphia, which blew open a close game by scoring three times in the eighth inning to beat New York.

The Phillies, who were outscored 14-1 in losing the first two games of the three-game series, won for just the second time in the last seven games.

Velasquez (1-0) danced around trouble all night and had just one 1-2-3 inning, but he stranded seven baserunners in his five innings, including five in scoring position. The right-hander allowed three hits and three walks while striking out six.

Padres 1, Mariners 0

Rookie right-hander Chris Paddack allowed one hit over seven shutout innings and Ian Kinsler homered on the first pitch he saw from Felix Hernandez as San Diego defeated visiting Seattle.

Paddack and relievers Trey Wingenter and Kirby Yates combined on a two-hit shutout and retired 24 of the last 25 Mariners they faced — with the only baserunner during the stretch erased on a game-ending double play turned by rookie shortstop Fernando Tatis Jr.

Paddack (1-1) picked up his first major league win in a pitching duel with Mariners veteran Hernandez (1-2). The 6-foot-5, 23-year-old Paddack retired the last 19 Mariners he faced after working out of a bases-loaded, two-out jam in the first.

Cardinals 5, Brewers 2

Marcell Ozuna and Yadier Molina homered in a four-run fourth inning, and St. Louis completed a three-game sweep of visiting Milwaukee as the Cardinals won their fifth straight overall.

Ozuna, Paul Goldschmidt, Lane Thomas and Paul DeJong had two hits each for St. Louis. Brewers first baseman Eric Thames homered for the Brewers in the 10th meeting between these teams already this season. St. Louis right-hander Adam Wainwright (2-2) went six innings, allowing one run and four hits with three strikeouts and a walk.

Brewers starter Jhoulys Chacin (2-3) did not allow a hit through the first three innings, but he gave up back-to-back singles to Goldschmidt and DeJong to open the fourth before Ozuna lined a three-run homer over the fence in left for a 3-1 lead.

Royals 10, Rays 2

Kansas City snapped a five-game overall losing streak — and a 10-game skid against Tampa Bay — with a victory in St. Petersburg, Fla. It was the first time this season the Royals have scored 10 runs.

Adalberto Mondesi homered and had four RBIs for the Royals, who went 6-13 in a 19-day stretch without a day off. Kansas City is off Thursday.

Jakob Junis (2-2) pitched five solid innings, allowing one run on four hits with six strikeouts and two walks. But he had to leave after taking a line drive off his pitching hand to end the fifth, suffering a contusion. Blake Snell (2-2) took the loss for Tampa Bay in his first start after coming off the 10-day injured list due to a broken toe on his right foot.

Athletics 6, Rangers 5

Chad Pinder dumped a game-winning single into shallow right-center field that scored Stephen Piscotty with two outs in the bottom of the ninth inning, as host Oakland took advantage of a Texas defensive miscue to complete a three-game sweep.

In a game that featured five home runs — including a three-run shot by the A’s Marcus Semien in the second inning and a pair of solo shots by the Rangers’ Nomar Mazara — Oakland’s winning rally was the product of a pair of singles sandwiching a stolen base, which occurred when Texas forgot to cover second base on Piscotty’s steal attempt.

Pinder then hit the next pitch by the Rangers’ fourth pitcher, Chris Martin (0-2), for the walk-off single. A’s closer Blake Treinen (1-1), who escaped a two-on, one-out situation in the top of the ninth by inducing a double-play grounder, got the win.

Cubs 7, Dodgers 6

Javier Baez and Jason Heyward each hit three-run home runs in a six-run sixth inning, and Anthony Rizzo also doubled and drove in a run for Chicago, which won for the seventh time in eight games.

Cody Bellinger and Alex Verdugo homered for Los Angeles. The Dodgers have dropped three of four.

Cubs right-hander Brad Brach (2-0) earned the win in relief, retiring the only two batters he faced to close out the sixth inning. He replaced Cole Hamels, who gave up three runs on three hits with six walks and seven strikeouts in 5 1/3 innings. Dodgers left-hander Scott Alexander (1-1) drew the loss after giving up three runs in one-third of an inning.

Rockies 9, Nationals 5

Charlie Blackmon homered, Raimel Tapia had two doubles and three RBIs, and Colorado beat Washington in Denver as Trevor Story doubled and tripled to extend his hitting streak to 13 games, which ties his career high.

David Dahl had three hits, and Nolan Arenado drove in three runs for the Rockies. German Marquez (3-1) allowed three runs on eight hits and struck out seven over seven innings. He bounced back after pitching with an infected tooth in his previous start. Marquez had the tooth pulled.

Wade Davis got the final out for his third save. Juan Soto homered and Matt Adams had three hits for the Nationals. Jake Noll’s first career hit was an RBI double in the second inning that gave the Nationals a 1-0 lead.

Giants 4, Blue Jays 0

Left-hander Drew Pomeranz pitched six innings, Pablo Sandoval hit a home run and visiting San Francisco defeated Toronto to complete a quick two-game sweep.

Pomeranz (1-2) gave up two hits and two walks while striking out five as the Giants swept the two-game series. Two Giants relievers retired the final nine Toronto batters of the game. Toronto starter Clay Buchholz (0-1) gave up six hits and four runs in five-plus innings, striking out two and not walking a batter.

After the game, Blue Jays manager Charlie Montoyo told reporters that Vladimir Guerrero Jr., the top-ranked prospect in baseball, will be called up from Triple-A Buffalo to make his major league debut Friday at home against Oakland.

Braves 3, Reds 1

Mike Soroka enhanced his case to remain in the Atlanta rotation by posting his second straight strong effort to help the visiting Braves to a win over Cincinnati.

Soroka (1-1) pitched 5 2/3 innings and allowed only one run on five hits — all singles and two of those infield hits — with seven strikeouts in his first career start against the Reds. The effort helped Atlanta even the three-game series, which concludes on Thursday.

Soroka, the team’s first-round draft choice in 2015, has now worked 10 2/3 innings and allowed two runs in his two starts since being recalled from Triple-A Gwinnett.

Diamondbacks 11, Pirates 2

Ketel Marte drove in four runs with two homers as visiting Arizona beat Pittsburgh for the third straight night.

Nick Ahmed also homered, Eduardo Escobar was 3-for-4 with a triple and a double, David Peralta was 2-for-5 with two RBIs and Christian Walker was 2-for-5 with an RBI for Arizona, which has won nine in a row at PNC Park. The Diamondbacks can sweep the four-game series with a win Thursday.

Arizona starter Merrill Kelly (2-2) went seven innings, giving up two runs and six hits, with five strikeouts and two walks. Josh Bell and Jung Ho Kang homered for Pittsburgh, which has lost a season-worst four straight. Jordan Lyles (2-1) took the loss.

Orioles 4, White Sox 3

John Means pitched five strong innings, and the offense produced a series of timely hits, lifting host Baltimore to victory against Chicago.

Baltimore earned a win in the rubber game of the three-game series thanks in part to Means’ solid return to the rotation, which was prompted by the club’s doubleheader over the weekend. The left-hander, who has operated as a swingman in the early season, improved to 3-2 by showing effectiveness with his changeup, scattering one run and four hits with one walk and six strikeouts.

Mychal Givens allowed a run in the ninth but recovered to leave the potential tying run at third base and close out a two-inning save, his first of the season. Givens struck out James McCann and retired Yoan Moncada on a groundout to second base to end the game.

Indians 6, Marlins 2

Jose Ramirez homered and drove in four runs as host Cleveland snapped a three-game losing skid by beating Miami as Jake Bauers and Francisco Lindor each had an RBI single before Ramirez ripped a two-run double to cap a four-run eighth inning.

After Miami’s Martin Prado belted a solo homer to forge a tie at 2 with two outs in the eighth inning, Cleveland went to work against reliever Adam Conley (0-3) in the bottom of the frame.

Carlos Gonzalez worked a lead-off walk and advanced to second on Jason Kipnis’ single to center field. Bauers followed two batters later by slapping a low fastball through the shift and into left field to plate Gonzalez to give the Indians a 3-2 lead.

–Field Level Media

Source: OANN

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Bernie And Biden Are Doomed

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Source: InfoWars

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ATP roundup: Paire beats defending champ Andujar for Marrakesh title

FILE PHOTO: ATP 500 - Dubai Tennis Championships
FILE PHOTO: Tennis - ATP 500 - Dubai Tennis Championships - Dubai Duty Free Tennis Stadium, Dubai, United Arab Emirates - February 26, 2019 Benoit Paire of France in action during his first round match against Japan's Kei Nishikori REUTERS/Christopher Pike

April 15, 2019

Frenchman Benoit Paire beat three-time champion Spaniard Pablo Andujar 6-2, 6-3 on Sunday to win the Grand Prix Hassan II title on the clay courts at Marrakesh, Morocco.

It was just the second title for 29-year-old Paire, who last lifted an ATP Tour trophy four years ago when he defeated Tommy Robredo at the 2015 Swedish Open.

Sunday’s final also marked sweet revenge for Paire, who had beaten Andujar in three prior ATP meetings but lost to the 33-year-old just two weeks ago in the final of the ATP Challenger Tour event in Marbella, Spain. Paire cruised to victory in one hour and six minutes vs. the defending champ, winning 89 percent of first-serve points and not conceding a break all afternoon.

U.S. Men’s Clay Court Championship

Chile’s Christian Garin secured Chile’s first ATP Tour title in 10 years, defeating Norway’s Casper Ruud 7-6 (4), 4-6, 6-3 in Houston.

It was Garin’s second win over 20-year-old Ruud, who was playing in his first career final, after previously beating the Norwegian last month in the semifinals of the Brazil Open. Tied at 2-2 in the final set, Ruud failed to capitalize on three break-point chances. Garin broke in the next game, then serving for the title at 5-3, fired an ace to set up championship point.

Garin, 22, had a tough path to the final: He went three sets in his opening match against Uruguay’s Pablo Cuevas, saved five match points to oust No. 2 seed Jeremy Chardy in the second, and defeated last year’s runner-up American Sam Querrey — a finalist the previous four years — in the semifinals.

Monte Carlo Masters

No. 9 seed Borna Coric of Croatia beat Poland’s Hubert Hurkacz 6-4, 5-7, 7-5 in a sloppy three-setter that featured more than 100 unforced errors on both sides in first-round action in Monte Carlo, Monaco.

The contest took two hours and 52 minutes — though more than five hours passed between the first and last points because of rain — with Borna notching four breaks and saving 4 of 7 break points he faced.

Other Round 1 winners were Switzerland’s Stan Wawrinka, the 2014 Monte Carlo champion, who beat Frenchman Lucas Pouille 7-5, 6-3 in 1:15; Bulgaria’s Grigor Dimitrov, who ousted Italy’s Matteo Berrettini 7-5, 6-4 in 1:53; and Argentina’s Guido Pella, who was pushed to three sets by Serbia’s Laslo Djere before winning 6-7 (2), 6-2, 6-4.

In qualifying action, six players advanced to the Round of 64: Russian Andrey Rublev, Slovenia’s Aljaz Bedene, Australian Alexei Popyrin and the Argentinian trio of Juan Ignacio Londero, Federico Delbonis and Guido Andreozzi.

–Field Level Media

Source: OANN

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Watch Live: Democrats Would Rather Eat Avocados Than Stop Human Trafficking

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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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