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Russia’s Inter RAO says seeks gas turbines deal with GE by October

Inter RAO CEO Kovalchuk looks on before meeting of Russian President Putin and Turkish President Erdogan with Russian and Turkish entrepreneurs in St. Petersburg
FILE PHOTO: Boris Kovalchuk, chief executive and chairman of the management board of state electricity holding firm Inter RAO, looks on before a meeting of Russian President Vladimir Putin and Turkish President Tayyip Erdogan with Russian and Turkish entrepreneurs at the Konstantinovsky Palace in St. Petersburg, Russia, August 9, 2016. REUTERS/Sergei Karpukhin

March 30, 2019

KRASNOYARSK, Russia (Reuters) – The chief executive of Russia’s Inter RAO said on Saturday the energy holding hoped to reach a deal with General Electric Co by October to produce powerful gas turbines in Russia, either as a joint venture or by buying a license from GE.

Russia, which does not currently produce mid- or high-power gas-fired power turbines, recently launched a 1.9 trillion rouble ($29 billion) program to modernize a quarter of its power generation, or 41 gigawatt of coal- and gas-based plants.

It is seen as a rare opportunity for Western producers amid falling global demand for gas turbines in recent years, but Moscow has said investors must only use fully localised — domestically produced — equipment as part of a local content push.

Inter RAO CEO Boris Kovalchuk said the modernization program would open a large market for GE for 10 years.

“We hope to reach all the agreements with them within half a year,” Kovalchuk told reporters during a conference in the Siberian city of Krasnoyarsk.

A plant jointly owned by Inter RAO, GE and Russian state conglomerate Rostec produces 77-megawatt turbines in Russia’s central region of Yaroslavl.

The ongoing talks between GE and Inter RAO are for the local production of 185-195 megawatt turbines. Inter RAO may purchase Rostec’s stake in the plant as part of the deal with GE, Kovalchuk added.

A joint venture between Siemens and Russian firm Power Machines is already producing turbines in Russia. Siemens, which owns a 65-percent stake in the venture, has pledged to raise the level of localization in the production process.

Russian state-controlled firms — Rostec, Rosnano and Inter RAO — have been trying to create their own gas turbine production but their prototype project failed testing, sources, familiar with the matter, told Reuters a year ago.

Kovalchuk said on Saturday that the project was continuing, and that Inter RAO had passed the second turbine to the project’s operator for improvement.

(Reporting by Anastasia Lyrchikova; Writing by Polina Devitt; Editing by Helen Popper)

Source: OANN

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Russia to keep former minister Abyzov in jail on fraud charges

FILE PHOTO: Russian Minister for Open Government Abyzov attends the congress of the Russian Union of Industrialists and Entrepreneurs in Moscow
FILE PHOTO: Russian Minister for Open Government Mikhail Abyzov attends the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP) in Moscow, Russia, December 19, 2016. REUTERS/Maxim Shemetov

March 27, 2019

MOSCOW (Reuters) – A court in Russia on Wednesday ruled that former government minister Mikhail Abyzov, an ally of Prime Minister Dmitry Medvedev, be held in pre-trial detention for two months ahead of his trial for fraud and organizing a criminal group.

Abyzov, 46, who was minister for open government affairs in Medvedev’s cabinet until last year, was detained at his home in Moscow on Tuesday, his lawyer Alexander Asnis said. Abyzov denies the charges against him.

(Reporting by Polina Nikolskaya; Writing by Tom Balmforth; Editing by Hugh Lawson)

Source: OANN

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5 bystanders shot, wounded in New Orleans police shootout

Authorities say five people waiting at a downtown New Orleans bus stop were wounded by gunfire during a police shootout with an armed robbery suspect.

The shootout happened Sunday night, and officials say the robbery suspect was killed during the exchange of gunfire.

News outlets report the New Orleans Police Department says officers confronted a man deemed a person of interest in an armed robbery investigation. Police say the man, whom they haven't identified, pulled out a gun and started shooting.

Of five people wounded at the bus stop, four victims were listed in stable condition at a local hospital, while the fifth victim was in critical condition Sunday night. Authorities haven't released their names.

Local media says 10 shootings were reported across the New Orleans region over the weekend.

Source: Fox News National

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Wisconsin woman accused of spitting, attacking officers while threatening 'you dead' after traffic stop

A weekend traffic stop of a Wisconsin woman suspected to be under the influence became a booking room melee after officials said she was caught on camera threatening and attacking officers in a fit of laughter.

The Brown Deer Police Department said in a report the incident began at 11:56 p.m. Saturday after an officer reported a wrong-way driver. Police attempted a traffic stop, but said the driver, identified as 26-year-old Denisha Davis, did not pull over for several blocks.

Once Davis was outside the vehicle, video obtained by FOX6 shows the 26-year-old attempt to complete field sobriety tests while giggling and stumbling. Once she was handcuffed by officers, Davis can be seen looking at a dashboard video camera and sticking up her middle finger and sticking out her tongue.

ARKANSAS POLICE OFFICER FIRES AT LEAST 15 TIMES INTO CAR WHILE ON HOOD IN DEADLY SHOOTING CAUGHT ON VIDEO

When Davis was brought back to the station, the situation escalated as two officers tried to remove her jacket. She could be seen in the video obtained by FOX6 appearing to strike one officer.

After a brief struggle, Davis was brought to the ground.

"Try me, b----. Don't play with me. I`ll hit you in your chin again if you let me go b----," she can be heard saying in the video while laughing as officers tried to restrain her.

Denisha Davis can be seen struggling with police in a booking room early Sunday.

Denisha Davis can be seen struggling with police in a booking room early Sunday. (Brown Deer Police/FOX6)

"We are going to war with you m------------, and that's a promise," the 26-year-old said. "B----, you dead. You got that?"

NEW JERSEY POLICE SHOOT, KILL BULL ATTACKING OWNER AFTER IT POUNCED ON PATROL VEHICLE: REPORT

After she was restrained and taken to a hospital for a blood draw, police said Davis continued to act out, spitting at officers.

Denisha Davis was arrested after a traffic stop just before midnight Sunday.

Denisha Davis was arrested after a traffic stop just before midnight Sunday. (Brown Deer Police/FOX6)

"The suspect decided to spit at officers multiple times," Brown Deer Police Officer Nick Andersen told FOX6. "Obviously, the job is dangerous enough as it is. People get upset with our actions and decide to take it in their own hands. It's unfortunate for the men and women out there trying to keep the roads safe."

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Davis faces two counts of throwing/discharging bodily fluid at public safety workers or prosecutors, operating while intoxicated (second offense) and operating while revoked. The 26-year-old made her initial appearance in court on Tuesday, where a $650 signature bond was set, FOX6 reported.

Source: Fox News National

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Robert Durst faces new lawsuit in death of first wife

The legal saga surrounding real estate scion Robert Durst found yet another venue Friday, as a new lawsuit accused him of killing his first wife in New York and disposing of her body in 1982.

The wrongful death claim, filed in state court, came two years after a judge declared Kathleen Durst legally dead. It accuses Durst of killing the woman in their suburban New York City home after she threatened to divorce him.

Durst for decades has denied involvement in his first wife's death. But the lawsuit claims he has made "multiple admissions" to the killing, including remarks featured in a sensational HBO documentary that examined Kathleen Durst's disappearance and two other killings for which Durst was charged.

During the finale of that series, "The Jinx: The Life and Deaths of Robert Durst," he was heard muttering to himself on a live microphone: "You're caught! What the hell did I do? Killed them all, of course."

Durst, 75, was arrested in New Orleans in March 2015, just hours before the airing of the final episode.

He has not been charged in his first wife's disappearance but is scheduled to stand trial later this year in Los Angeles in the killing of Susan Berman, his best friend and spokeswoman. Durst allegedly told her about his role in his first wife's death and then fatally shot Berman in 2000 after the authorities in New York reopened their investigation and planned to talk with her.

Prosecutors say he ambushed Berman in her home near Beverly Hills and shot her in the back of the head.

Phone and email messages were left with Durst's lawyer seeking comment.

An attorney for Kathleen Durst's sister declined to comment.

The lawsuit filed Friday differs from a prior legal action brought by Kathleen Durst's sisters accusing Robert Durst of interfering with the family's efforts to recover the woman's body.

The wrongful death claim, which seeks damages, alleges that there is "overwhelming evidence" Durst abused his wife before her disappearance, citing a host of possible motives for her killing. It alleges that Durst's "modus operandi lends itself to the conclusion that Kathie (Durst) was shot in the back of her head and that her body was cut into little pieces and her remains were then disposed of."

The filing refers to another killing for which Durst was acquitted of murder in Texas in 2003 after testifying he fatally shot a neighbor in self-defense before dismembering the man's body and tossing it out to sea.

Durst, who inherited a fortune from his family's New York City real estate empire, had gone into hiding in Galveston disguised as a mute woman living in a low-rent apartment.

Prosecutors claimed Durst killed the neighbor, Morris Black, to prevent him from revealing his whereabouts.

Source: Fox News National

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Pound pauses after UK parliament gives nod to Brexit delay

British five pound banknotes are seen in this picture illustration
British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/ Benoit Tessier/Illustration

March 15, 2019

By Hideyuki Sano

TOKYO (Reuters) – The British pound paused for breath on Friday after the UK parliament voted overwhelmingly to seek a delay in Britain’s exit from the European Union while the yen looked to the Bank of Japan’s guidance on its policy later in the day.

Sterling fetched $1.3253, having slipped further from Wednesday’s nine-month high of $1.3380, with its fall of 0.76 percent on Thursday.

Against the euro, the pound retreated to 85.25 pence from Wednesday’s 22-month peak at 84.725.

British lawmakers approved a motion setting out the option to ask the EU for a short delay if parliament can agree on a Brexit deal by March 20, or a longer delay if no deal can be agreed in time.

The pound was mostly steady after the motion was passed late on Thursday.

“There has been a soft consensus in the market that the Brexit will be delayed. Things have been moving in line with that,” said Kyosuke Suzuki, director of forex at Societe Generale.

“But tail risk has not completely disappeared yet. The next week’s EU summit will probably be the climax,” he said, noting the fact that all 27 EU members must approve any extension.

Before UK Prime Minister Theresa May meets EU leaders on Wednesday and Thursday, a new vote on her twice-rejected deal is likely next week.

Lawmakers must now decide whether to back a deal they feel does not offer a clean break from the EU, or reject it and accept that Brexit could be watered down or even thwarted by a long delay.

The yen slipped to a one-week low of 111.83 per dollar on Thursday partly on speculation that the BOJ could make a stronger show of its readiness to ease policy further at its review ending later on Friday.

Still, most market players expect the BOJ to refrain from any drastic changes to its policy framework. The yen last stood at 111.77.

The euro eased to $1.1307 from Wednesday’s one-week high of $1.1339, in tandem with sterling.

The Australian dollar traded at $0.7064, off this week’s high of $0.7098 as its recent rebound was dented by reports that a possible summit meeting the United States and China to hammer out a trade deal will be delayed.

U.S. Treasury Secretary Steven Mnuchin said on Thursday that a trade summit between President Donald Trump and his Chinese counterpart Xi Jinping would not happen at the end of March as had been previously suggested because there was still more work to do in trade negotiations.

Trump said whether a trade deal can be reached with China would probably be known in the next three or four weeks.

U.S. data on Thursday underscored growing pressure on the U.S. economy and kept the dollar in check.

The number of Americans filing applications for unemployment benefits increased more than expected last week while new home sales fell more than expected in January.

(Editing by Shri Navaratnam)

Source: OANN

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Apple Watch detects irregular heart beat in large U.S. study

Apple watches are seen at a new Apple store in Chicago
Apple watches are seen at a new Apple store in Chicago, Illinois, U.S., October 19, 2017. REUTERS/John Gress

March 16, 2019

By Manas Mishra

(Reuters) – The Apple Watch was able to detect irregular heart pulse rates that could signal the need for further monitoring for a serious heart rhythm problem, according to data from a large study funded by Apple Inc <AAPL.O>, demonstrating a potential future role for wearable consumer technology in healthcare.

Researchers hope the technology can assist in early detection of atrial fibrillation, the most common form of irregular heart beat. Patients with untreated AF are five times more likely to have a stroke.

Results of the largest AF screening and detection study, involving over 400,000 Apple Watch users who were invited to participate, were presented on Saturday at the American College of Cardiology meeting in New Orleans.

Of the 400,000 participants, 0.5 percent, or about 2,000 subjects, received notifications of an irregular pulse. Those people were sent an ECG (electrocardiography) patch to wear for subsequent detection of atrial fibrillation episodes.

A third of those whose watches detected an irregular pulse were confirmed to have atrial fibrillation using the ECG technology, researchers said.

Some 84 percent of the irregular pulse notifications were later confirmed to have been AF episodes, data showed.

“The physician can use the information from the study, combine it with their assessment … and then guide clinical decisions around what to do with an alert,” said Dr. Marco Perez, one of the study’s lead investigators from Stanford School of Medicine.

The study also found that 57 percent of participants who received an alert on their watch sought medical attention.

For Apple, the data provides firepower as it pushes into healthcare. Its new Series 4 Watch, which became available only after the study began so was not used, has the ability to take an electrocardiogram to detect heart problems and required clearance from the U.S. Food and Drug Administration.

Dr. Deepak Bhatt, a cardiologist from Brigham and Women’s Hospital in Boston who was not involved in the trial, called it an important study as use of this type of wearable technology is only going to become more prevalent.

“The study is an important first step in figuring out how can we use these technologies in a way that’s evidence based,” he said.

Researchers urged caution by doctors in using data from consumer devices when treating patients. But they also see great future potential for this type of technology.

“Atrial fibrillation is just the beginning, as this study opens the door to further research into wearable technologies and how they might be used to prevent disease before it strikes,” said Lloyd Minor, dean of Stanford School of Medicine.

(Reporting by Manas Mishra and Tamara Mathias in Bengaluru; editing by Bill Berkrot)

Source: OANN

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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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