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Euro zone budget tool to start with less resources than desired: Centeno

Eurogroup President Centeno attends a eurozone finance ministers meeting in Brussels
FILE PHOTO: Portugal's Finance Minister and Eurogroup President Mario Centeno attends a eurozone finance ministers meeting in Brussels, Belgium February 11, 2019. REUTERS/Francois Lenoir

March 25, 2019

LISBON (Reuters) – Eurogroup head Mario Centeno said on Monday that a new budget instrument to promote reforms and investment in the euro zone will start with less than hoped but will end up becoming a crucial tool for the bloc.

Describing it as a “new avenue of integration”, Centeno said the tool’s key strands will be defined by June this year, and it will then be framed in the EU’s budget.

“We will certainly start with resources below what some would like but I believe that, over time, this tool will become central to the euro zone, making it more cohesive, inclusive and attractive to the rest of the EU,” he told a conference.

The new EU budget tool will set aside funds to support reforms and convergence between economies and to help investments in countries facing temporary economic shocks.

(Reporting by Sérgio Gonçalves and Catarina Demony; Editing by Axel Bugge)

Source: OANN

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Lawsuit claims Trump campaign nondisclosure agreements are unlawful

A former staffer on President Trump’s 2016 campaign has filed a class action lawsuit in the hope of nullifying the nondisclosure and nondisparagement agreements campaign workers were made to sign.

The suit was filed by former staffer Jessica Denson and argues that the agreements - which the Trump campaign had staffers, volunteers and contractors sign – is unlawful. The agreements prohibit the signers from ever publically criticizing or disparaging Trump, his family and his company, and also bars them from disclosing private or confidential information.

While the Trump campaign has gone after numerous former staffers who have publically spoken out against the president – most notably Omarosa Manigault Newman and Cliff Sims – Denson’s lawsuit is the most wide-ranging attack on the campaign’s use of nondisclosure agreements to stifle criticism of Trump.

PRESIDENT TRUMP'S NATIONAL EMERGENCY DECLARATION SPARKS PROTESTS

According to a report by BuzzFeed News, the lawsuit could cover thousands of former staffers, volunteers, and contractors and, if the suit proves successful, could free them to talk publicly about their time on the campaign without fear of legal or financial repercussions.

Denson’s lawyers argue that the agreements campaign workers were made to sign are unlawful because they penalize employees from suing for things like workplace discrimination, harassment, unpaid wages and other issues.

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“The Form NDAs effectively strip employees, contractors, and volunteers of their ability to pursue any of their rights to redress workplace misconduct,” Denson’s lawyers wrote in the arbitration filing. “Anything and everything they could do will of necessity contain some information that a Trump Person could find disparaging or a disclosure of confidential information.”

They also argue that the NDA is too vague and gives Trump discretion to decide what is “private” and “confidential,” that it doesn’t have any time or geographic limits and “lacks a legitimate purpose.” Lawyers also contend the agreement should be voided as it permits a government actor to restrain a person’s free speech rights under the First Amendment.

Source: Fox News Politics

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NASA Space Challenger widow’s home goes up in flames in Texas: report

Cheryl McNair, the widow of NASA Space Challenger astronaut Ronald Erwin McNair, was rescued, along with her cat and some space memorabilia, from a fire at in her home in El Lago, TX early Wednesday morning, reports said.

McNair woke up to smoke alarms and a call from her alarm company around 5 a.m. Wednesday before multiple fire agencies responded to the home in the Clear Lake area, officials told KHOU 11.

NASA’S ‘HISTORIC’ SPACEWALK NO LONGER ALL-FEMALE DUE TO SPACESUIT AVAILABILITY: OFFICIALS

McNair, who once shared the home with her astronaut husband, did not suffer any injuries. Fire officials recovered her cat, Rocket, and some NASA memorabilia.

NASA astronaut and physicist Ronald Erwin McNair died on January 18, 1986, along with six other crew members, when the Space Shuttle Challenger shockingly exploded 73 seconds after liftoff from Cape Canaveral, FL.

NASA Astronaut Dr. Ronald E. McNair (PH.D.) was assigned as a mission specialist and was a crewmember on two Space Shuttle Missions. He first flew on STS 41-B in 1984 where he performed numerous science experiments. On his second flight, STS 51-L, Dr. McNair died on January 28, 1986 when the Space Shuttle Challenger exploded after launch from the Kennedy Space Center, Florida.

NASA Astronaut Dr. Ronald E. McNair (PH.D.) was assigned as a mission specialist and was a crewmember on two Space Shuttle Missions. He first flew on STS 41-B in 1984 where he performed numerous science experiments. On his second flight, STS 51-L, Dr. McNair died on January 28, 1986 when the Space Shuttle Challenger exploded after launch from the Kennedy Space Center, Florida. (NASA)

Firefighters managed to extinguish the fire within 45 minutes, and the house, though still standing, is a significant loss, reported KPRC Channel 2. At one point, the inferno became so intense that firefighters were called out of the home to fight the blaze in defensive mode, officials said.

“Units arrived within three to four minutes and did find a fully involved house fireball,” authorities told KPRC Channel 2. “There are pictures and plaques that were saved, at the same time there are pictures and plaques that are damaged.”

Steve Howard, who lives in the house directly behind the scene, said he saw the fire first hand.

“The whole house was pretty much engulfed in flames,” Howard told KPRC Channel 2. “She has already had a tough road. It was pretty sad for her to go through another tragedy.”

“She said to keep a lookout for her cat,” Howard said. “She was really concerned for her cat.”

Neighbors arrived to help McNair out of the burning home with some of the items she gathered.

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NASA officials will reportedly visit McNair’s home to examine some of the memorabilia.

“People’s memorabilia is special to them, regardless if it’s national memorabilia or not,” Chief Andrew Gutacker, Seabrook Fire Department, told KHOU 11.

"NASA is just learning about the fire (at the home of Challenger widow Cheryl McNair),” NASA said in released statement. "Our hearts go out to the McNair family. We appreciate the tremendous support and assistance provided by first responders and the community."

Source: Fox News National

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Equifax says U.S. regulators seek damages related to 2017 breach

Credit reporting company Equifax Inc. offices are pictured in Atlanta
Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell/File Photo

February 22, 2019

(Reuters) – Credit reporting company Equifax Inc said it was informed by several U.S. regulators that they intend to seek damages from the company related to the cybersecurity breach of 2017 that exposed personal information of nearly 145 million people.

The company has received legal notices from the Federal Trade Commission, Consumer Financial Protection Bureau and the New York Department of Financial Services, it said in a filing http://bit.ly/2NjM1TS on Thursday.

The United States Securities and Exchange commission had also issued a subpoena on May 14, 2018, regarding disclosure issues relating to the data breach, while the Office of the Privacy Commissioner of Canada has informed Equifax it intends to “make certain findings and recommendation” related to the incident.

The company has been named in 19 class action lawsuits in courts across the country, it said, and has spent hundreds of millions of dollars since disclosing the breach.

Regulators in the UK and Australia have also fined the company for the breach that saw personal information such as Social Security numbers, birth dates and addresses of millions of people being stolen by hackers.

Equifax first disclosed in September 2017 that it had been the target of a massive data breach, mostly in the United States.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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Florida sheriff’s office bloodhound renamed from ‘Rommel’ to ‘Scout’ after complaints of Nazi connotations

"Rommel," a sheriff's office bloodhound, was renamed after the office got complaints the dog shared a name with a Nazi general.

Announcing the news of its newest pal on Friday, the Lake County Sheriff's Office (LCSO) welcomed young "Rommel" on Twitter.

"He is a 10 week old liver colored bloodhound now assigned to Master Deputy Meintzschel," the department wrote. "Rommel will soon begin his rigorous training to support the community by locating missing persons, fugitives, and evidence. Welcome aboard Rommel!"

However, some followers of the sheriff's office soon connected the dog's name to Erwin Rommel, a senior officer in the German Army who had commanded Adolf Hitler's military protection unit. He also led German troops sent to North Africa during World War II and killed himself in 1944 rather than face trial after he was linked to a plot to kill Hitler.

SOUTH CAROLINA FIREFIGHTER ADOPTS PUPPY HE RESCUED FROM UNDER PILE OF ROCKS

"Really?! That poor pup," one Twitter user wrote. "Congratulations, you nazified that poor dog," tweeted another.

"My father spent part of WWII fighting against Rommel and his troops in North Africa. Shame on you," someone else wrote.

Another user, however, said it was "absurd" the department felt it needed to change the dog's name.

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However, the sheriff's office later confirmed it gave Rommel a new name.

"Although our new bloodhound was named after a childhood pet of the handler, he learned that his name is also tied to a Nazi war criminal," officials tweeted. "Welcome Scout to LCSO!"

Source: Fox News National

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Suspected tornado tears through northern Louisiana city

A possible tornado has caused severe damage to buildings, vehicles and power lines in the northern Louisiana city of Ruston.

The storm that tore through the area early Thursday has forced a local university to cancel classes.

News outlets report that Ruston Mayor Ronny Walker said the town was directly hit by a tornado overnight.

Louisiana Tech University President Les Guice said on Twitter that classes were canceled Thursday. The university said no students were reported injured.

The tornado was part of a severe weather system that pounded Texas with rain Wednesday, killing a woman and her two young children caught in rushing flash flood waters.

The storm moved into Mississippi on Thursday morning.

Louisiana Gov. John Bel Edwards announced on Twitter he's travelling to Ruston to assess damage.

Source: Fox News National

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5G-connected cows test milking parlor of the future

cows
A herd of Friesian dairy cattle wear 5G smart collars that allow them to be milked by a robotic milking machine at a farm in Shepton Mallet, Somerset, England, in this still from video obtained April 11, 2019. REUTERS/Reuters TV

April 11, 2019

SHEPTON MALLET, England (Reuters) – They may look like regular cows, but a herd of Friesian dairy cattle at a British farm are internet pioneers and they are enjoying the benefits of 5G connectivity before you.

Cisco Systems Inc, which is developing network infrastructure for the emerging technology, has set up 5G testbeds to trial wireless and mobile connectivity in three rural locations.

5G promises super-fast connections, which evangelists say will transform the way we live our lives, enabling everything from self-driving cars to augmented-reality glasses and downloading a feature-length film to your phone in seconds.

While it is being used in pockets of pilot studies around the world, the first near-nationwide coverage is not expected in countries such as China, Japan or the United States until 2023, according to industry analysts.

For the cows, among the 5G-connected gadgets they are wearing is a collar that controls a robotic milking system.

When the cow feels ready to be milked it will approach machine gates that will automatically open. The device recognizes the individual to precisely latch on to its teats for milking, while the cow munches on a food reward.

At the government-funded Agricultural Engineering Precision Innovation Centre (Agri-EPI Centre) in Shepton Mallet, in southwest England, around 50 of the 180-strong herd is fitted with the 5G smart collars and health-monitoring ear tags.

The gadgets do not harm the cows and the monitoring allows handlers to see any signs of distress.

“We are testing the ability of 5G to transmit the data from our sensors much quicker, and not via the farm’s PC and a slow broadband internet connection,” said Duncan Forbes, Project Manager at the Agri-Epi Centre

“And the significance of that is it means that this sort of technology could be taken up … not just on farms but on rural communities right across the country.”

The working dairy, set up by Agri-EPI with the support of Britain’s innovation agency, uses a range of technology; including automated brushes that rotate when the cow rubs up against them, sensor-operated curtains that open depending on the weather, and a smart feeding system that automatically delivers food in the barn via ceiling-mounted rails.

“We can connect every cow, we can connect every animal on this farm,” Cisco’s Nick Chrissos said.   

“That’s what 5G can do for farming — really unleash the power that we have within this farm, everywhere around the UK and everywhere around the world.”

(Reporting by Matthew Stock; Editing by Alison Williams)

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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