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Japan’s Aso: Trump has never mentioned FX when talking about Japan trade

Japan's Finance Minister Taro Aso attends the G20 Finance and Central Bank Deputies Meeting in Tokyo
Japan's Finance Minister Taro Aso attends the G20 Finance and Central Bank Deputies Meeting in Tokyo, Japan January 17, 2019. REUTERS/Issei Kato/File Photo

February 22, 2019

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Friday that U.S. President Donald Trump has never mentioned currencies when discussing trade with Japan.

Aso, speaking to reporters, said Trump and Japanese Prime Minister Shinzo Abe have agreed that currencies would be discussed between each country’s finance ministry.

Aso spoke in response to a question about media reports that the United States had requested a provision on yuan stability in trade talks with China and how that could affect Japan’s trade talks with the United States.

(Reporting by Stanley White; Editing by Chang-Ran Kim)

Source: OANN

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Athletics: Benoit Samuelson to race in Boston again at age 61

FILE PHOTO: Benoit Samuelson congratulates the top three women finishersat the finish line of the U.S. Olympic Trials Marathon in Houston
FILE PHOTO: Joan Benoit Samuelson (2nd L), the first gold medal winner in the women's marathon, congratulates the top three women finishers (L) Shalane Flanagan, first, Kara Goucher, third and Desiree Davila (R), second, at the finish line of the U.S. Olympic Trials Marathon in Houston January 14, 2012. REUTERS/Richard Carson/File Photo

March 15, 2019

(Reuters) – Joan Benoit Samuelson, the first woman to win an Olympic marathon gold medal, is going to race in next month’s Boston Marathon at age 61, organizers said on Friday.

The twice Boston champion will be celebrating the 40th anniversary of her 1979 victory, which she won in a course-record time of 2:35:15 as a 21-year-old college student.

“My goal is to run within 40 minutes of my time 40 years ago,” the Maine native said in a statement. “I might as well celebrate during an anniversary year, while I’m still able!”

The race is scheduled for April 15.

Samuelson, a long-time leader in women’s distance running, also won the 1983 Boston Marathon in a then-world record 2:22:43.

A year later, she claimed the inaugural women’s Olympic marathon in Los Angeles, taking the gold medal in 2:24:52.

Samuelson’s last Boston Marathon came in 2015. She won the Veterans (age 50-59) division in 2011, 2013 and 2014.

(Reporting by Gene Cherry in Raleigh, North Carolina; Editing by Toby Davis)

Source: OANN

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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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India an investment priority for Saudi Aramco: CEO

FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama
FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

February 20, 2019

NEW DELHI (Reuters) – Saudi Aramco said on Wednesday that investing in India is a priority for the company, and it expects the country’s oil demand to rise to 8.2 million barrels per day by 2040.

“India is an investment priority for Saudi Aramco,” CEO Amin Nasser said at a panel discussion in New Delhi.

Nasser is part of the entourage travelling with Saudi Arabia’s Crown Prince Mohammed bin Salman, who is in India for a one-day visit.

The prince, known as MBS, is in India along with leading Saudi businessmen and company representatives at the invitation of Prime Minister Narendra Modi.

Nasser said India currently buys about 800,000 barrels a day of Saudi Arabian oil.

“India looking for stronger ties with Saudi,” said Sanjiv Singh, chairman of India Oil Corp Ltd, India’s biggest state-owned crude oil refiner.

The panel discussion was also attended by SABIC, a unit of Aramco and the world’s fourth-largest petrochemicals maker.

(Reporting by Nidhi Verma and Alasdair Pal; editing by Richard Pullin)

Source: OANN

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Italy’s drive to join China’s Belt and Road hits pot holes

FILE PHOTO: Chinese President Xi Jinping attends a news conference at the end of the Belt and Road Forum in Beijing
FILE PHOTO: Chinese President Xi Jinping attends a news conference at the end of the Belt and Road Forum in Beijing, China May 15, 2017. REUTERS/Jason Lee/File Photo

March 15, 2019

By Crispian Balmer

ROME (Reuters) – The ancient Silk Road was a network of trading routes that stretched from China to Italy, transporting goods, skills and ideas half way around the world.

Jump forward two millennia and Italy now wants to play a pivotal role in the new Silk Road being created by Chinese President Xi Jinping. But joining the latest incarnation is proving controversial and risky for Rome’s modern-day masters.

Prime Minister Giuseppe Conte plans to sign a preliminary accord when Xi visits Rome next week, hooking Italy up to the Belt and Road Initiative (BRI) – a colossal, multi-billion-dollar project designed to improve Beijing’s trade reach.

Italy’s drive to be the first Group of Seven industrialized nation to join the ambitious venture has angered Washington and alarmed Brussels, raising fears of a sellout of sensitive technologies and the handover of critical infrastructure.

With ports that offer easy gateways into Europe’s richest markets, Italy is a promising and prestigious prize for China.

In return for its endorsement, Italy’s government hopes for a boost in exports and investment that will lift its anemic economy out of its third recession in a decade.

But diplomatic analysts and political foes say Rome has not weighed the geopolitical risks, failed to consult with its Western partners and underestimated growing concern about China’s burgeoning global aspirations.

“I am afraid that up until now we have handled this in too amateurish a fashion, without any real coordination,” Lucio Caracciolo, director of the influential Limes geopolitical review, told Reuters.

“My fear is that in the end we will lose on both counts, getting nothing substantial from China while the United States retaliates against us for having got too close to Beijing.”

ITALIAN INERTIA

Deputy Prime Minister Luigi Di Maio, who leads the populist 5-Star Movement, has spearheaded the pro-Beijing policy, setting up a China Task Force within the industry ministry that has the stated aimed of making Italy a “privileged partner” in BRI.

He has visited China twice in eight months and effectively sidelined the foreign ministry on one of the most sensitive diplomatic issues of the day.

Di Maio’s task force is led by junior industry minister Michele Geraci, who lived in China for 10 years before entering government in 2018. Neither he, Di Maio nor Conte had any experience of international diplomacy before last year.

Geraci speaks Chinese and fervently backs closer ties with Beijing, saying Italy has fallen behind its partners.

“When I returned to Italy I found a certain inertia when it came to China,” Geraci, a former economics professor, told Reuters last month. “We need to play catch-up.”

According to Eurostat, Germany exported 93.8 billion euros ($106 billion) of goods to China in 2018, with Britain next on the list exporting 23.4 billion euros, France third with 20.8 billion euros and Italy fourth on 13.17 billion euros.

“There is huge potential there that other countries are already taking advantage of,” said Geraci.

But just as Italy adopts its new position, the rest of Europe seems to be having second thoughts.

Earlier this week, the European Commission branded Beijing a “systemic rival” and called on European Union leaders to back its ideas to curb Chinese state-owned enterprises.

The European Union has grown increasingly frustrated by what it sees as the slowness of China to open its economy and by a surge of Chinese takeovers in critical EU sectors, accusing it of distorting local markets.

Rome says such concerns should not stop it forging closer ties and points to the fact that 13 EU countries have already signed memoranda of understanding (MOUs) with China, including Hungary, Poland, Greece and Portugal.

However, the biggest EU exporters to China have not signed MOUs and those that have do not have much to show for it, said Lucrezia Poggetti, a research associate with the Mercator Institute for China Studies in Berlin.

“They have been frustrated that vaguely phrased Chinese promises for economic opportunities have largely failed to materialize,” Poggetti told Reuters.

“Signing up to the BRI without taking into account geopolitical considerations and without making concrete demands, hoping that one day you will get something in return economically, is very naive,” she said.

AMERICAN ANGER

The Belt and Road project lies at the heart of China’s foreign policy strategy and was incorporated into the ruling Communist Party constitution in 2017, reflecting Xi’s desire for his country to take a global leadership role.

The United States, locked in a trade war with Beijing, worries that Xi’s initiative is designed to bolster China’s political and military influence, and could be used to spread technologies capable of spying on Western interests.

“No need for Italian government to lend legitimacy to China’s infrastructure vanity project,” a spokesman for the White House’s national security advisers said on Saturday in a rare public rebuke for one of Washington’s staunchest allies.

Refusing to back down, Italy has nonetheless tried to reassure the United States, releasing a draft of the MOU to show it offers up no firm commitments and makes no reference to the sort of technology transfers feared by Washington.

Likewise eager to show that its pro-China policy is bearing fruit, the government has leaked reports that 50 agreements might be signed during Xi’s March 21-23 visit, including deals with oil company Eni, gas infrastructure firm Snam and shipbuilder Fincantieri.

Italy also hopes to unveil projects to develop trade through its ports of Genoa, Trieste and Palermo. Although China’s COSCO Shipping has bought control of the largest port in Greece, Italy says it offers better entry points into Europe.

“There is still much work to be done on the China deals, including what money is involved,” said a business source involved in the negotiations, who declined to be named.

A welter of lucrative contracts would represent a badly needed victory for Di Maio, who is not only battling to soothe U.S. tempers, but is also struggling to sell the deal to his coalition partner, the far-right League.

Even though Geraci is a member of the League, the group appeared blindsided when news of an imminent deal emerged last week, with party chief Matteo Salvini warning against the “colonialization” of Italy by China.

“We are reviewing it,” Salvini, who serves as joint deputy prime minister with Di Maio, said on Thursday. “Before allowing someone to invest in the ports of Trieste or Genoa, I would think about it not once but a hundred times.”

(Additional reporting by Stefano Bernabei; editing by David Clarke)

Source: OANN

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Evacuation order lifted for part of Fukushima plant host town

FILE PHOTO : Evacuees offer prayers for victims of the March 11, 2011 earthquake and tsunami disaster during their temporary visit for the mourning event at the no-entry zone in Okuma town
FILE PHOTO : Evacuees of Okuma town, who are dressed in protective suits, offer prayers for victims of the March 11, 2011 earthquake and tsunami disaster at their town office during their temporary visit for the mourning event at the 20 km (12 miles) no-entry zone in Okuma town, Fukushima prefecture, March 11, 2012, to mark the first anniversary of the disasters that killed thousands and set off a nuclear crisis. The characters on the sign post reads, "People of Okuma town". REUTERS/Kim Kyung-hoon/File Photo

April 10, 2019

TOKYO (Reuters) – Eight years after nuclear meltdowns at the Fukushima power plant forced evacuation of nearby communities, Japanese authorities on Wednesday gave the first clearance for residents to return to a neighborhood of one of the towns that hosted the stricken plant.

The little town of Okuma faces an uphill battle rebuilding. More than half of its 10,000 registered residents have decided against returning, according to a survey.

Only 3.5 percent of them had lived in the neighborhood where people have been allowed to return, but Okuma’s mayor insisted it was just the start.

“This is a major milestone for the town,” Mayor Toshitsuna Watanabe said in a written statement. “But this is not the goal, but a start toward the lifting of the evacuation order for the entire town.”

In March 2011, an earthquake and tsunami destroyed Tokyo Electric Power’s (Tepco) Fukushima Dai-ichi power plant, which straddles the municipalities of Okuma and Futaba on the Pacific coast.

More than 160,000 people were evacuated as a result of the world’s worst nuclear disaster in a quarter of a century. Since then, the restricted area has gradually shrunk, leaving just 339 square km (131 square miles) still deemed too unsafe to live.

(Reporting by Kiyoshi Takenaka; Editing by Simon Cameron-Moore)

Source: OANN

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Battle leaving Syracuse to pursue pro dreams

NCAA Basketball: NCAA Tournament-First Round-Baylor vs Syracuse
Mar 21, 2019; Salt Lake City, UT, USA; Syracuse Orange guard Tyus Battle (25) dunks the ball against the Baylor Bears during the second half in the first round of the 2019 NCAA Tournament at Vivint Smart Home Arena. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports

March 29, 2019

After flirting with the NBA last year, Tyus Battle stuck around for his junior season at Syracuse.

This time around, Battle says it’s time to move on as he thanked fans in a farewell letter on Friday.

“I have made the decision to embark on the next chapter of my life to pursue a professional basketball career. I am confident that I am ready because of you,” the letter reads, in part.

Battle, who averaged 17.2 points per game this season, has been Syracuse’s leading scorer the past two seasons.

The Orange were eliminated by Baylor in the first round of the NCAA Tournament, with the junior guard scoring 16 points in the 78-69 loss.

–Field Level Media

Source: OANN

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Joe Biden’s brain surgeon said his former patient is “totally in the clear” as speculation over the candidate’s health — with Biden possibly becoming the oldest president in U.S. history — is likely to become a campaign issue.

The former vice president, who had been perceived by many as the strongest potential contender for the Democratic Party’s 2020 presidential nomination, formally announced his candidacy Thursday.

But Biden’s age – 76 – is expected to become a source of attacks from a younger generation of Democrats not because of obvious generational differences, but possibly for actual health concerns if Biden gets into office.

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

Biden himself agreed last year that “it’s totally legitimate” for people to ask questions about his health if he decides to run for president, given his medical history — which has included brain surgery in 1988.

“I think they’re gonna judge me on my vitality,” Biden told “CBS This Morning.” “Can I still run up the steps of Air Force Two? Am I still in good shape? Am I – do I have all my faculties? Am I energetic? I think it’s totally legitimate people ask those questions.”

“I think they’re gonna judge me on my vitality. …  I think it’s totally legitimate [that] people ask those questions.”

— Joe Biden

But Dr. Neal Kassell, the neurosurgeon who operated on Biden for an aneurysm three decades ago, told the Washington Examiner that Biden appears to be “totally in the clear” — and even joked that the operation made Biden “better than how he was.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it,” Kassell said. “That’s more than I can say about all the other candidates or the incumbents.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it.”

— Dr. Neal Kassell

BIDEN’S CLAIM HE DIDN’T WANT OBAMA TO ENDORSE TRIGGERS MOCKERY

At the same time, however, Biden hasn’t been forthcoming about his health at least since 2008 when he released his medical records as a vice presidential candidate. The disclosure that time revealed some fairly minor issues such as an irregular heartbeat in addition to detailing previous operations, including removing a benign polyp during a colonoscopy in 1996, the outlet reported.

It remains unclear if Biden had more aneurysms. Some medical experts say that people who have had an aneurysm can have another one.

An aneurysm, or a weakening of an artery wall, can lead to a rupture and internal bleeding, potentially placing a patient’s life in jeopardy.

Biden won’t be the only Democrat grappling with old age. Sen. Bernie Sanders, another 2020 frontrunner, is currently 77 years old and agreed with Biden last year that their ages will be an issue in the race.

“It’s part of a discussion, but it has to be part of an overall view of what somebody is and what somebody has accomplished,” Sanders told Politico.

“Look, you’ve got people who are 50 years of age who are not well, right? You’ve got people who are 90 years of age who are going to work every day, doing excellent work. And obviously, age is a factor. But it depends on the overall health and wellbeing of the individual.”

CLICK HERE TO GET THE FOX NEWS APP

Sanders released his medical records in 2016, with a Senate physician saying in a letter that the senator was “in overall very good health.”

Source: Fox News Politics

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

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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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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