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Trump says in no rush to complete China trade deal

FILE PHOTO: U.S. President Trump participates in an American Workforce Policy Advisory Board meeting in the White House
FILE PHOTO: U.S. President Donald Trump participates in an American Workforce Policy Advisory Board meeting in the White House State Dining Room in Washington, U.S., March 6, 2019. REUTERS/Leah Millis

March 13, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade deal with China that Washington wants to include structural reforms by Beijing, including how it treats U.S. intellectual property.

“I think things are going along very well – we’ll just see what the date is,” Trump told reporters at the White House.

“I’m in no rush. I want the deal to be right. … I am not in a rush whatsoever. It’s got to be the right deal. It’s got to be a good deal for us and if it’s not, we’re not going to make that deal.”

(Reporting by Steve Holland; Writing by Doina Chiacu; Editing by Chizu Nomiyama)

Source: OANN

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Rite Aid shakes up top management, to cut about 400 jobs in restructuring

FILE PHOTO: A Rite Aid logo is seen outside one of their stores in New York
FILE PHOTO: A Rite Aid sign is seen outside one of their stores in New York, April 11, 2013. REUTERS/Shannon Stapleton

March 12, 2019

(Reuters) – Rite Aid Corp said on Tuesday its chief executive officer would exit as part of a revamp of its top deck, and that it would slash about 400 job corporate positions.

Camp Hill, Pennsylvania-based Rite Aid said the layoffs will affect more than 20 percent of corporate positions located at the company’s headquarters and across field operations.

The company expects annual savings of about $55 million from the restructuring, of which about $42 million will be realized within fiscal year 2020.

It also expects to incur a one-time charge of about $38 million related to the restructuring.

John Standley, CEO since 2010, will remain in the post until the appointment of his successor, the company said.

It also said Chief Financial Officer Darren Karst and Chief Operating Officer Kermit Crawford would also leave the company.

The company named Chief Accounting Officer Matt Schroeder as the new CFO and Bryan Everett as the COO. Everett is currently the COO of Rite Aid Stores.

Rite Aid and U.S. grocer Albertsons Companies Inc had terminated a $24 billion merger in August last year after Rite Aid’s shareholders opposed the deal.

Rite Aid’s shares, which closed down about 2 percent on Tuesday, were up about 12 percent at 76 cents in extended trade.

(Reporting by Soundarya J in Bengaluru; Editing by Maju Samuel)

Source: OANN

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White House: Next Steps in Mueller Report Up to AG Barr

The White House has made its first comment regarding special counsel Robert Mueller's final report, saying it has not been briefed on the contents.

"The next steps are up to Attorney General Barr, and we look forward to the process taking its course," White House press secretary Sarah Sanders said on Twitter. "The White House has not received or been briefed on the Special Counsel's report."

Mueller delivered his final report on the Russia probe to Barr late Friday afternoon. According to reports, the White House was informed of the news around 4:45 p.m. ET.

It's not yet clear what the report says, but Barr wrote to Congressional leaders that he might be able to brief them on the findings as soon as this weekend.

The probe began in May 2017 over claims that the Trump campaign colluded with the Russians to win the 2016 election.

Source: NewsMax Politics

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Brazil ministry tells students to recite Bolsonaro slogan

Brazil's Ministry of Education is instructing students to sing the national anthem and read aloud a declaration that includes President Jair Bolsonaro's campaign slogan — and it says they should be filmed doing so.

The ministry sent instructions Monday night saying that students returning from summer vacation should recite a statement including Bolsonaro's slogan, "Brazil above everything, God above everyone."

It also asks school staff to send video images of the students to the Ministry of Education, outraging critics who say it's illegal to film children without parental permission.

Teachers, parents and opposition politicians have expressed outrage at the ministry's orders. The issue became the top trending topic on Brazilian Twitter on Tuesday morning.

Source: Fox News World

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Browns RB Hunt suspended eight games

NFL: Kansas City Chiefs at Houston Texans
FILE PHOTO: Oct 8, 2017; Houston, TX, USA; Kansas City Chiefs running back Kareem Hunt (27) runs with the ball as Houston Texans inside linebacker Zach Cunningham (41) defends during the second quarter at NRG Stadium. Mandatory Credit: Troy Taormina-USA TODAY Sports

March 15, 2019

Cleveland Browns running back Kareem Hunt was suspended for the first eight games of the 2018 season.

Hunt was on the commissioner’s exempt list since Nov. 30 during the NFL’s investigation into a physical altercation captured by an Ohio hotel surveillance system in which Hunt shoved to the ground and kicked a woman.

Hunt’s agent, Dan Saffron, said there will be no appeal in a released statement in response to the announcement of the discipline.

“PFS Agency stands behind our client, Kareem Hunt, in his decision to accept the suspension handed down by the NFL today,” Saffron said.

The NFL said in a statement Hunt’s ban is the result of two separate incidents.

“Kareem Hunt of the Cleveland Browns was notified today that he has been suspended without pay for the Browns’ first eight regular season games for violations of the NFL Personal Conduct Policy in connection with physical altercations at his residence in Cleveland last February and at a resort in Ohio last June. Hunt was placed on the Commissioner Exempt list on November 30 and was released by his former club, the Kansas City Chiefs, that same day. The findings followed a detailed investigation by the NFL, which included reviewing available law enforcement records, video and electronic communications, interviews with numerous witnesses, and multiple interviews with Hunt.

“Hunt has advised the league office that he accepts responsibility for his conduct and the discipline that has been imposed. He has committed to take advantage of available resources to help him grow personally and as a member of the Cleveland community, and to live up to his obligations as an NFL player. The eight-game suspension will take effect as of the final roster reduction on August 31. Hunt will be eligible to play in the Browns’ ninth regular season game.”

When the video surfaced, Hunt was released by the Chiefs. The Browns signed Hunt to a one-year contract in February after general manager John Dorsey — who drafted Hunt as GM of the Chiefs — and owner Jimmy Haslam reviewed the situation and discussed appropriate steps toward contrition with Hunt.

“We had done our research,” Dorsey said at the NFL Scouting Combine. “We thought at the appropriate time with all the information we did have, how truly remorseful he was and … knowing when he comes here there are no guarantees, he’s going to earn your respect with his actions. Right now, I feel very comfortable with the signing.

“Deep down, if you really sit down and engage with him, he has a really good heart. The act he did last year — it was egregious. We all know that. … He’s showing through his actions, not his words, how remorseful he is.”

Hunt is not permitted to be with the Browns during the suspension, but can participate in training camp and preseason games.

ESPN reported Hunt will forfeit $303,529 of his $645,000 base salary. He is scheduled to be a restricted free agent in March 2019.

“He’s got a lot of work to do,” Browns coach Freddie Kitchens said in Indianapolis, “between now and when that second chance comes. Right now, our job is to support Kareem and help him grow as a person.”

–Field Level Media

Source: OANN

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Watch Live: Americans Celebrate Earth Day As Muslims Celebrate Sri Lanka Bombing

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Source: InfoWars

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Senators rally around McCain legacy after fresh barrage of Trump attacks

Senators on both sides of the aisle rallied to the defense of the late Sen. John McCain, R-Ariz., on Wednesday, after President Trump launched a fresh round of attacks against the senator’s legacy this week.

“Today and every day I miss my good friend John McCain,” Senate Majority Leader Mitch McConnell, R-Ky., tweeted. “It was a blessing to serve alongside a rare patriot and genuine American hero in the Senate. His memory continues to remind me every day that our nation is sustained by the sacrifices of heroes.”

ROMNEY 'CAN'T UNDERSTAND' WHY TRUMP WOULD BASH MCCAIN

McCain was highly regarded by lawmakers on both sides of the aisle for both his bipartisan approach to negotiation, his six-term service in Congress and his military service -- where he served in Vietnam and was held prisoner and tortured for more than five years.

But Trump and McCain repeatedly sparred with one another. In 2015, after McCain had said Trump's platform had "fired up the crazies," Trump had mocked McCain's imprisonment in the Vietnam War, saying: "I like people that weren't captured."

But since McCain’s death last year of brain cancer, Trump has not abandoned the feud.

DONALD TRUMP'S FEUD WITH MCCAIN FAMILY ESCALATES: 'I WAS NEVER A FAN'

“I was never a fan of John McCain, and I never will be,” Trump told reporters in the Oval Office on Tuesday, citing in particular McCain’s vote against the repeal of ObamaCare in 2017.

“He campaigned on repealing and replacing ObamaCare for years and then it got to a vote and he said thumbs down,” Trump said.

Over the weekend, he blasted McCain for giving to the FBI an uncorroborated dossier alleging that Moscow held compromising information on Trump.

He quoted former Independent Counsel Ken Starr as saying this was "unfortunately a very dark stain against John McCain."

"He had far worse 'stains' than this, including thumbs down on repeal and replace after years of campaigning to repeal and replace!" he tweeted.

That caused Sen. Mitt Romney, R-Utah, to say he “can’t understand” why Trump would go after McCain, whom he called “heroic, courageous, patriotic, honorable, self-effacing, self-sacrificing, empathetic, and driven by duty to family, country, and God.”

On Tuesday, Sen. Johnny Isakson, R-Ga., told conservative outlet The Bulwark that "America deserves better" and that nobody "is above common decency and respect for people that risk their life for your life."

CLICK HERE TO GET THE FOX NEWS APP

“I just want to lay it on the line, that the country deserves better, the McCain family deserves better, I don’t care if he’s president of United States, owns all the real estate in New York, or is building the greatest immigration system in the world. Nothing is more important than the integrity of the country and those who fought and risked their lives for all of us,” he said.

Meanwhile, Democrats joined in pushing back against Trump’s comments, with Senate Minority Leader Chuck Schumer, D-N.Y. announcing Wednesday that he intends to introduce a resolution re-naming the Russell Senate Building after McCain -- calling him an "American hero."

Fox News' Liam Quinn and The Associated Press contributed to this report.

Source: Fox News Politics

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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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