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Wirecard says all subsidiaries are audited, denying FT report

The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany September 6, 2018. REUTERS/Michael Dalder

April 24, 2019

FRANKFURT (Reuters) – German digital payments company Wirecard on Wednesday said all its subsidiaries were subject to regular audits, denying a Financial Times report.

The FT cited whistleblowers as saying that the accounts of Wirecard’s largest business, Card Systems Middle East in Dubai, were not audited in 2016 and 2017.

(Reporting by Ludwig Burger; Editing by David Goodman)

Source: OANN

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Morant joins Duke’s Williamson, Barrett on All-American team

FILE PHOTO: NCAA Basketball: NCAA Tournament-East Regional Practice
FILE PHOTO: Mar 28, 2019; Washington, DC, USA; Duke Blue Devils forward Zion Williamson (1) and Duke Blue Devils forward RJ Barrett (5) during practice for the east regional of the 2019 NCAA Tournament at Capital One Arena. Mandatory Credit: Geoff Burke-USA TODAY Sports

April 2, 2019

Freshmen Zion Williamson and RJ Barrett of Duke headline the 2019 college basketball All-American team announced Tuesday.

Murray State guard Ja Morant, Tennessee forward Grant Williams and Michigan State point guard Cassius Winston round out the team.

Williamson and Barrett are the first freshman teammates named to the first team since John Wall and DeMarcus Cousins of Kentucky in 2010.

Williamson was a unanimous selection by 64 Associated Press voters, averaging 22.6 points, 8.9 rebounds, 2.1 blocks and 1.8 blocks per game. Barrett averaged 22.6 points, 7.6 boards and 4.3 assists.

Both players are expected to depart Duke for the NBA draft. Williamson is projected as the No. 1 overall pick, while Barrett and Morant are being discussed as likely options for the teams holding the second and third picks.

Morant is the first All-American in Murray State history. He averaged 24.5 points and led the nation with 10.0 assists per game as a sophomore.

Winston was the Big Ten Player of the Year and enters the Final Four averaging 18.9 points and 7.6 assists. Coach Tom Izzo said the Spartans went to Winston directly to ask him to carry the load when injuries hit starters Jeremy Langford and Nick Ward. The junior did just that and is the lone All-American still playing in April.

Williams was named Southeastern Conference Player of the Year. The junior averaged 18.8 points, 7.5 rebounds, 3.2 assists and 1.5 blocks per game.

–Field Level Media

Source: OANN

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Minnesota woman with 64 dead cats, 43 live cats sentenced

A Minnesota woman who was found to have 64 dead cats, 43 live cats, a 400-pound pig and other animals on her property has been sentenced.

Twenty-five-year-old Caycee Bregel, who ran an animal rescue nonprofit out of home south of the Twin Cities, pleaded guilty Friday to 13 counts of animal cruelty.

Bregel was ordered to serve 200 hours of community service, two years of probation and 90 days of electronic home monitoring. She must also receive a psychological examination.

Court documents say complaints about the pig running loose led investigators to the house. They found numerous cats and dogs in poor health and said the emitted an "overpowering smell of urine and feces." Dead cats were found in shallow graves across the backyard, in freezers and refrigerators, and in the garage.

Source: Fox News National

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Trump says he is considering placing illegal immigrants in sanctuary cities

U.S. President Trump welcomes South Korea’s President Moon to the White House in Washington
U.S. President Donald Trump listens to questions as he and first lady Melania Trump meet with South Korea’s President Moon Jae-in and his wife Kim Jung-sook in the Oval Office at the White House in Washington, U.S., April 11, 2019. REUTERS/Carlos Barria

April 12, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he was considering sending immigrants in the country illegally to so-called sanctuary cities.

“Due to the fact that Democrats are unwilling to change our very dangerous immigration laws, we are indeed, as reported, giving strong considerations to placing Illegal Immigrants in Sanctuary Cities only,” Trump wrote on Twitter.

(Reporting by Mohammad Zargham)

Source: OANN

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Paramedics: Dad saved toddler from dingo attack in Australia

Paramedics say a father saved his 14-month-old son from dingoes that dragged the boy from a campsite on an Australian island.

Paramedic Ben Du Toit says the boy had deep cuts on his head from the attack on Fraser Island in Queensland state.

The family was sleeping when a dingo entered their campervan. Du Toit says the parents awoke to their son's cries, the sound fading as he was dragged away.

The father ran outside and fought off several dingoes to rescue his son.

Frank Bertoli, a pilot for RACQ Life Flight, told Australian Broadcasting Corporation that the parents' "quick thinking" probably saved the boy from more severe injuries.

The boy was airlifted to a hospital early Friday.

Bertoli says it's the third dingo attack on Fraser Island this year.

Source: Fox News World

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Brazil’s economy minister says trade with China will not be reduced

Brazil's Economy Minister Paulo Guedes talks during a seminar in Rio de Janeiro
FILE PHOTO: Brazil's Economy Minister Paulo Guedes talks during a seminar in Rio de Janeiro, Brazil March 15, 2019. REUTERS/Ricardo Moraes

March 18, 2019

WASHINGTON (Reuters) – Brazil’s Economy Minister Paulo Guedes said on Monday that Brazil will not reduce its trade with China under the government of far-right President Jair Bolsonaro.

Guedes and Bolsonaro are in the United States to meet with U.S. President Donald Trump, who has fought a trade spat with China involving multiple rounds of tariffs.

(Reporting by Lisandra Paraguassu)

Source: OANN

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‘Two is enough,’ Egypt tells poor families as population booms

A doctor examines a pregnant woman at a hospital in the province of Fayoum
A doctor examines a pregnant woman at a hospital in the province of Fayoum, southwest of Cairo, Egypt February 19, 2019. Picture taken February 19, 2019. REUTERS/Hayam Adel

February 20, 2019

By Lena Masri

SOHAG, Egypt (Reuters) – Nesma Ghanem is hoping for a fourth child even though her doctor says her body can’t handle a pregnancy at the moment. She has three daughters and would like them to have a brother.

“In the future he could support his father and the girls,” said Ghanem, 27, who lives in a village in Sohag, an area with one of Egypt’s highest fertility rates.

The family depends on her husband’s income from a local cafe. “If I have a son people, here in the village can say that he will carry on his father’s name,” she said.

As Egypt’s population heads towards 100 million, the government is trying to change the minds of people like Ghanem. “Two Is Enough” is the government’s first family-planning campaign aiming to challenge traditions of large families in rural Egypt. But Ghanem’s wish to have a son shows how hard that could be.

“The main challenge is that we’re trying to change a way of thinking,” said Randa Fares, coordinator of the campaign at the Social Solidarity Ministry. “To change a way of thinking is difficult.”

Egypt’s population is growing by 2.6 million a year, a high rate for a country where water and jobs are scarce and schools and hospitals overcrowded. President Abdel Fattah al-Sisi says the two biggest threats to Egypt are terrorism and population growth.

“We are faced with scarcity in water resources … scarcity in jobs, job creation, and we need to really control this population growth so that people can feel the benefits of development,” Minister of Social Solidarity Ghada Wali told Reuters.

Decades ago, Egypt had a family-planning program, supported by the United States. The fertility rate fell from 5.6 children per woman in 1976 to 3.0 in 2008 while the use of contraceptives went up from 18.8 percent to 60.3 percent. Large amounts of contraceptives were made available and advertisements increased demand for birth control.

Support for family planning from the Egyptian government and large sums from donors helped make the program successful, said Duff Gillespie, who directed USAID’s population office from 1986 to 1993.

But Egypt was relying on donor support and when that assistance went away, family planning was neglected. By 2014 the fertility rate had gone up to 3.5. The United States is supporting family planning in Egypt again, providing more than $19 million for a five-year project ending in 2022 and $4 million for a smaller private sector project ending in 2020.

Those amounts are significantly lower than the $371 million the United States spent on family planning in Egypt between 1976 and 2008.

“Two Is Enough” is mainly financed by Egyptian money, with the Social Solidarity Ministry spending 75 million Egyptian pounds ($4.27 million) and the U.N. providing 10 million pounds, according to the ministry.

The two-year campaign targets more than 1.1 million poor families with up to three children. The Social Solidarity Ministry, with local NGOs, has trained volunteers to make home visits and encourage people to have fewer children.

Mothers are invited to seminars with preachers who say that Islam allows family planning, and doctors who answer questions. Billboards and TV ads promote smaller families. The government aims to reduce the current fertility rate of 3.5 to 2.4 by 2030.

At a session teaching volunteers how to speak to mothers and fathers about family planning in a village in Giza, Asmaa Mohammad, a 25-year-old volunteer, told Reuters she would rather have three children than two.

“Since I was a child I knew I wanted three children,” said Mohammad who is unmarried and doesn’t have children yet.

Deeply rooted traditions and lack of education explain why many Egyptians have big families. Al-Azhar, Egypt’s top Sunni Muslim authority, endorses family planning, but not all Egyptians agree.

Some view children as a future source of support. Others who only have girls keep having more until they get a boy who can carry on the family name.

During a visit from a campaign volunteer, Ghanem said her wish to have a boy was not the main reason she wasn’t using contraceptives. She stopped using an IUD after suffering from bleeding.

About one in three Egyptian women stop using contraceptives within a year, often due to misinformation about the side effects or lack of information about alternatives, according to the United Nations Population Fund.

Nearly 13 percent of married women of reproductive age in Egypt want to use contraceptives but are unable to, according to official data from 2014.

Now the government has renovated clinics, added staff and provided more free contraceptives. Under “Two is Enough” the goal is to have 70 new clinics up and running in March.

But when Reuters visited a clinic in Sohag last month, there were no contraceptives left. Nema Mahmoud, who had traveled from her village, was told to come back the next day.

Sohag, one of Egypt’s poorest governorates, also has one of the highest fertility rates at 4.3. The National Population Council said contraceptive use in Sohag is the lowest among six governorates surveyed.

For years Mahmoud, 33, didn’t use contraceptives consistently even though she wanted a small family. Her mother-in-law kept her from traveling to the city to get contraceptives when the local clinic was out, she said.

It was only after her mother-in-law died that she started using contraceptives properly. By then Mahmoud had three children and three miscarriages.

Since January, the government has limited cash assistance to poor families to two children instead of three in an attempt to push them to have fewer kids. Mahmoud will receive less cash every month. Her husband works only a few days a month, making 45 Egyptian pounds ($2.60) a day, she said.

Mahmoud and her neighbor Sanaa Mohammad, a 38-year-old mother of three, said the change should apply to new families, not women like them who already benefit from the program and have more than two children.

“It’s not fair to give someone something and then take it away,” said Mohammad.

The government sees the population boom as a threat to its economic reform plans. Every year, 800,000 young Egyptians enter the labor market, where unemployment is officially 10 percent.

In Egypt, population growth is around half the economic growth rate, but it should be no more than a third – otherwise it will be difficult to invest in social programs and improve living standards, said Magued Osman, chief executive of Baseera, the Egyptian Center for Public Opinion Research.

Analysts say Egypt should target people before they have children and sex education should be available in schools.

“Two Is Enough is good, but by itself it will not do the job,” said Abla Abdel Latif, executive director of the Egyptian Center for Economic Studies.

Wafaa Mohammad Amin, 36, a mother of four who works on “Two Is Enough”, got married at 17 and had her first child a year later. Two of her children were malnourished because she didn’t know how to breastfeed properly. She had to postpone her education and couldn’t work for years.

“There are many things I know now that I wish I had known back then,” she said. “I don’t want others to go through what I went through.”

(Reporting and writing by Lena Masri; Editing by Giles Elgood)

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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