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UN gives green light for North Koreans to travel to Vietnam

U.N. diplomats say the Security Council committee monitoring sanctions against North Korea has given a green light to Kim Jong Un's delegation to travel to Vietnam next week for talks with U.S. President Donald Trump on denuclearizing the Korean Peninsula.

The diplomats said Wednesday that Vietnam's government requested an exemption from sanctions for the entire delegation to travel to Hanoi and there was no objection by any of the 15 council nations. The diplomats spoke on condition of anonymity because consultations were private.

The exemption covers anyone in the delegation who is on the U.N. sanctions blacklist and thus banned from traveling and subject to an asset freeze. It will also allow all delegation members to take home luxury goods whose import to North Korea is banned by the council.

Source: Fox News World

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Johnny Manziel Talks Journey To The Alliance Of American Football Ahead Of Debut

The Alliance of American Football released a pretty cool video late Saturday of Johnny Manziel ahead of his debut.

The Memphis Express quarterback talked about his rise to fame at Texas A&M and how it all came crashing down afterwards. He was open, honest and appeared very self-aware of the mistakes in his past. (RELATED: Johnny Manziel Signs With The Memphis Express In The AAF)

The Heisman winner even admitted that he has a lot of regrets about how things when down when he flamed out of Cleveland.

Watch the video below.

Now, Manziel will make his AAF debut when the Memphis Express play the Birmingham Iron tonight on the NFL Network.

Given all the things that have happened in Manziel’s life and his short stint in Canada, it’s kind of hard to believe how nicely things came together for him in the AAF. (RELATED: Johnny Manziel Says He’s ‘Getting Some Of The Rust Out’ Ahead Of Memphis Express Debut)

It should be fun to see if he can still go out there and spin it like he did during his days with the Aggies.

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Make sure to tune in for the game. Johnny Football won’t be starting, but I absolutely expect him to get some snaps.

It’s going to be a good one as we watch Manziel’s return to pro football.

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Source: The Daily Caller

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Sub-Saharan economic growth recovery to take longer: World Bank

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua
FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo

April 8, 2019

By Omar Mohammed

NAIROBI (Reuters) – The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on Monday.

The commodity price slump of 2015 cut short a decade of rapid growth for the region, and the bank said growth would take longer to recover as a decline in industrial production and a trade dispute between China and the United States take their toll.

The bank’s 2019 forecast means economic growth will lag population growth for the fourth year in a row and it will remain stuck below 3 percent, which it slipped to in 2015.

In its latest report on the regional economy, the bank also cut its 2018 growth estimate to 2.3 percent from last October’s prediction of 2.7 percent growth for last year.

“The slower-than-expected overall growth reflects ongoing global uncertainty, but increasingly comes from domestic macroeconomic instability including poorly managed debt, inflation and deficits,” the bank said.

Nigeria, South Africa and Angola, which make up about 60 percent of sub-Saharan Africa’s annual economic output, were all facing various challenges, curbing their contribution to the growth momentum, the bank said.

“This downward revision reflects slower growth in Nigeria and Angola, due to challenges in the oil sector, and subdued investment growth in South Africa, due to low business confidence,” it said.

Nigeria’s economy grew by an estimated 1.9 percent last year, up from 0.8 percent the previous year, the World Bank said, reflecting a modest pick-up in the non-oil sector.

South Africa came out of recession in the third quarter of last year but investors were still cautious due to policy uncertainty, the bank said.

In the meantime Angola, the region’s third-biggest economy, remained stuck in recession, as oil production remained weak.

High inflation and heavy debt loads discouraged investors in economies like Zambia and Liberia, hitting their growth prospects, the World Bank said.

Economies that do not depend on commodities like Rwanda, Uganda, Kenya, Benin and Ivory Coast, continued to grow strongly, the bank said in the report.

Albert Zeufack, the chief economist for Africa at the bank, said the region could boost annual growth by about nearly two percentage points if it harnesses information technology more effectively.

“This is a game-changer for Africa,” he said.

(Editing by Duncan Miriri and Hugh Lawson)

Source: OANN

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ECB’s Lane sees only small cuts in ECB projections

Governor of the Central Bank of Ireland Philip Lane speaks at a European Financial Forum event in Dublin
Governor of the Central Bank of Ireland Philip Lane speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne

February 26, 2019

FRANKFURT (Reuters) – Europe’s recent slowdown implies only limited cuts in European Central Bank forecasts, and the current policy strategy should be able to handle this, Irish central bank chief and ECB board seat candidate Philip Lane said on Tuesday.

“There’s been a sequence of negative shocks in recent times,” Lane said in a confirmation hearing at the European Parliament’s Committee on Economic and Monetary Affairs.

“But I think all this is in the neighborhood of reasonably small adjustments to the forecasts,” Lane said. “The current strategy can cater to limited downside revisions.”

Lane will replace Peter Praet on the ECB’s board from June 1 and is almost certain to be appointed by ECB President Mario Draghi as the bank’s next chief economist.

(Reporting by Balazs Koranyi; Editing by Kevin Liffey)

Source: OANN

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BuzzFeed CEO Panics: Big Tech Having ‘Huge Problem Controlling Content’

Tech companies like Google, Facebook, and Twitter are having a “huge problem” controlling content on their platforms, and censoring conservatives isn’t enough, claimed BuzzFeed CEO Jonah Peretti.

“Tech platforms are having a huge problem with the content on their platforms,” Peretti said Friday at SXSW. “They don’t make the content and are having trouble controlling the content.”

Peretti also said that censoring conservatives alone isn’t enough; Big Tech also needs to promote “good content,” ie particular points of view.

“We can’t just police bad content, we have to produce good content,” Peretti said.

A video presentation included in Peretti’s speech showed an image of a garbage can equated with the words “Anti-Vaxxers,” “trolls,” “political extremists,” “flat-Earthers,” “racists,” “misogynists,” and “pedophiles,” as among the issues Big Tech faces.

“They’re trying to get rid of all the bad stuff, and it’s an endless fight to get rid of all the terrible content that’s uploaded to these platforms, and they can never win this fight,” Peretti said.

“There’s a vacuum which is created by a lack of good content and it’s made it difficult for the platforms, and it’s opened up this opportunity for all these other bad actors to upload content.”

The Austin Chronicle’s Austin Sanders agreed with Peretti’s premise, saying that “it’s not just about banning Alex Jones.”

The point illustrates the challenge facing platforms like Facebook and Twitter: It’s not just about banning Alex Jones, it’s about promoting the media companies that produce quality journalism, so more people are seeing thoroughly verified information,” Sanders wrote Friday.

BuzzFeed recently laid off 15 percent of its workforce over budget issues, which Peretti reportedly badly mishandled.


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Source: InfoWars

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AP FACT CHECK: Trump misrepresents a migrant child’s death

President Donald Trump is misrepresenting the circumstances of a 7-year-old migrant girl's death as he seeks to steer any potential blame for it away from his administration.

Trump, after mockingly painting asylum seekers as a "con job" in a rally the previous night, asserted on Friday that Jakelin Caal Maquin was given no water by her father during their trek to a remote border area and that the dad acknowledged blame for his daughter's death on Dec. 8. Those assertions are not supported by the record.

TRUMP: "I think that it's been very well stated that we've done a fantastic job. The father gave the child no water for a long period of time - he actually admitted blame." — to reporters Friday.

THE FACTS: An autopsy report released Friday found that Guatemalan girl died of a bacterial infection just more than a day after being apprehended by the U.S. Border Patrol. The El Paso County Medical Examiner's office said traces of streptococcus bacteria were found in Jakelin's lungs, adrenal gland, liver, and spleen, and she experienced a "rapidly progressive infection" that led to the failure of multiple organs.

Neither the autopsy report, nor accounts at the time by Customs and Border Protection , spoke of dehydration. And through family lawyers, Nery Gilberto Caal Cuz said after his girl's death that he made sure she had food and water as they traveled through Mexico.

Moreover, the Border Protection timeline on her case said she was checked for medical problems upon her apprehension and: "The initial screening revealed no evidence of health issues."

The girl and her father were caught at 9:15 p.m. on Dec. 6 in a group of more than 100 people trying to cross the border, less than a mile or kilometer from the Antelope Wells entry port in New Mexico. The father claimed upon their apprehension that she was in good health. In any event, no health problems were observed.

Her first distress was reported at 5 a.m. the next day, when her father said she was vomiting on a bus waiting to take them to a Border Patrol station at Lordsburg, New Mexico. When the bus arrived close to 6:30 a.m., the father said Jakelin was not breathing. A Border Patrol emergency technician revived her twice. She had a temperature of 105.7 degrees. At 7:45 a.m., a helicopter flew her to the nearest trauma center, in El Paso, Texas, where she went into cardiac arrest late that morning and was revived once more.

By then breathing by machine, with brain swelling and liver failure, she died on Dec. 8 at 12:35 a.m., her father with her.

Afterward, Trump insisted in tweets that the girl and another Guatemalan child who died in custody, Felipe Gomez Alonzo , were "were very sick before they were given over to Border Patrol."

But the boy also did not arouse any concern in initial screenings. He was in U.S. custody for five days before suddenly falling ill.

In his Michigan rally Thursday night, Trump entertained his supporters with an apocryphal story of a "heavyweight champion of the world" pleading a hardship case while seeking asylum. "It's a big fat con job, folks. It's a big fat con job."

He said "you have people coming up here" who are coached by lawyers to "say the following phrase: 'I am very afraid for my life. I am afraid for my life.' OK."

On Friday, he said of the children's deaths when asked about them: "It's a horrible situation. But Mexico could stop it."

___

Associated Press writer Nomaan Merchant in Houston contributed to this report.

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Find AP Fact Checks at http://apne.ws/2kbx8bd

Follow @APFactCheck on Twitter: https://twitter.com/APFactCheck

Source: Fox News National

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Libyans fear showdown as eastern commander eyes capital

FILE PHOTO: A poster of the Libyan military commander Khalifa Haftar is seen on a building destroyed by the war in the city of Benghazi
FILE PHOTO: A poster of the Libyan military commander Khalifa Haftar on a building in Benghazi, Libya February 21, 2019. REUTERS/Esam Omran Al-Fetori/File Photo

March 9, 2019

By Ulf Laessing

TUNIS (Reuters) – Forces from eastern Libya who have swept through the south and taken control of remaining oilfields in recent weeks have now reinforced a base in the center of the country and signaled to the capital Tripoli that it may be next.

The United Nations, stunned by the southern advance, is scrambling to mediate between eastern commander Khalifa Haftar and Tripoli’s internationally-recognized government led by Prime Minister Fayez al-Serraj, Western diplomats say.

They fear it may be the last U.N. attempt to unify the rival administrations and end the chaos that followed the overthrow of Muammar Gaddafi in 2011 with free elections.

Haftar, a 75-year-old former general, is increasingly taking the situation into his own hands, backed by the United Arab Emirates and Egypt, which see him as a bulwark against Islamists and the man to restore order.

He has not said whether he wants to march on Tripoli, which would dramatically escalate tensions. But his Libyan National Army (LNA) has hinted heavily that it might do so — if Haftar is not recognized as the country’s overall military commander, his aim since he began assembling the force in 2014.

“Some military sources say the LNA will move towards Tripoli after the announcement that the south has been secured,” read an item on an LNA website.

“The same sources said there is coordination with some units inside Tripoli and its suburbs for the army to enter Tripoli.”

The LNA spokesman said a purported order from Haftar for troops to move, seen by Reuters and publicized by his supporters, was not genuine.

But the capital has been rife with rumors of invasion and residents have reported seeing young people driving around playing loud songs praising Haftar from their car radios.

While several LNA units returned this month to Benghazi, Haftar’s power base, some units went to Jufra, a city in the desert straddling east and west, LNA sources say.

From there they could go home, or — the implied threat according to diplomats — move northwest towards Tripoli, should talks over power sharing and elections fail.

Haftar taps into fatigue among Libyans yearning for electricity, petrol and banknotes scarce in a country which once enjoyed some of highest living standards in the region.

For many, especially in the east, the general is the only one who can end fighting by myriad groups with ever-changing names. For his enemies in western cities and Islamists who were oppressed under the old regime, he is a new Gaddafi.

OIL

Haftar took the southern El Sharara and El Feel oilfields last month, completing a campaign which has given him effective control of the country’s crude output of around one million barrels a day.

He does not, as yet, have the means to profit from them because oil exports are managed by the state oil firm NOC in Tripoli, which is working with Serraj.

But the situation on the ground is changing fast.

U.N. envoy Ghassan Salame visited the main southern city Sabha just one day before some 80 LNA vehicles drove in through the desert from the east, and Haftar’s growing clout was on show again this week.

The NOC agreed to reopen El Sharara, closed since rogue guards and tribesmen seized it in December, after the UAE called two meetings. The first was with Serraj and NOC chairman Mustafa Sanalla to agree on a security plan and the second was between the Tripoli premier and Haftar.

But while some communities in western Libya have signaled support for the LNA, it is far from clear whether Haftar would be able to muster enough.

The LNA says it has 85,000 men but this includes soldiers paid by the central government who it hopes to inherit. Its elite force, Saiqa (Lightning) numbers some 3,500, while Haftar’s sons also have well-equipped troops, LNA sources say.

Diplomats say much of the LNA is an umbrella of less trained ex-Gaddafi soldiers, tribesmen and Salafists as well as Sudanese and Chadian fighters; the LNA denies this.

Thanks to covert UAE and Egyptian support documented by the U.N., Haftar has gradually built up superiority since 2014, allowing him to stop Tripoli flying in reinforcements during his southern campaign and pressure the NOC by closing airstrips on oilfields.

Serraj has no real troops — depending on armed groups who control many of the buildings his ministers work in and who, Tripoli residents say, regularly demand business contracts.

His only asset is his official title and access to state funds, though Western powers have increasingly embraced Haftar – with Italy, for example, addressing him as (Field) Marshal, his official title.

There has been some Western support for Haftar. French special forces in conjunction with Britain and the United States had been advising the LNA during the Benghazi campaign.

On Monday, Serraj unexpectedly praised cooperation with Haftar, saying they needed to work together, in a speech to western mayors just after rumors of approaching LNA troops first surfaced.

Haftar and Serraj could agree to a new transitional government, which would help the commander steadily entrench his power without invading Tripoli.

But it is unclear whether Haftar’s supporters would agree to putting him under civilian control as proposed by Western and U.N. mediators.

“There is no reconciliation with Serraj for power because talks are not with him but with people behind him who do not want Haftar,” said Hamad Bandaq, a lawmaker in the eastern parliament.

OFFENSIVE

The biggest obstacle for Haftar is Misrata, a western city home to forces which could at least partly match LNA ground troops, analysts say.

The city is known for a spirit of resisting old regime figures, developed during 2011 when Gaddafi forces besieged it for three months.

Weeks after Haftar started his Benghazi campaign in 2014 Misrata forces moved on Tripoli, expelling a government allied to a Haftar partner in one-month battle that split Libya. The main motive was fear of a Haftar coup.

There have been belligerent comments from Misrata residents in recent days but it is unclear whether they would fight.

“A mix of conflict fatigue, cautiousness and internal divide has so far forestalled a military mobilization,” said Emad Badi, a Libya researcher. “However that could change very quickly.”

Tarek Megerisi, a policy fellow at the European Council, said Serraj and Haftar could agree on a transitional government, with the commander steadily entrenching his power without actually invading Tripoli.

Haftar and the UAE have put out feelers to Tripoli forces, and diplomats hope Haftar will agree to negotiate as he needs access to NOC cash after stretching his resources to the limit with his sweep of the south.

The LNA used massive force in the three-year battle over Benghazi but applied a different tactic in the south.

It launched air strikes and battled over one town. But it relied on a small ground force, with less than 200 vehicles, which offered jobs, petrol and banknotes to towns mostly happy to see someone replacing the largely absent state.

At El Sharara, just a few dozen LNA cars arrived, negotiated with the guards and quickly struck a deal, celebrated by a commander flown to shoot a video with his new men.

(Additional reporting by Crispian Balmer; editing by Philippa Fletcher)

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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