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Top Kim Jong Un Adviser Removed from Post in Apparent Leadership Purge

North Korean leader Kim Jong Un's most trusted policy adviser apparently has been removed from one of his posts, a South Korean lawmaker said Wednesday, a possible personnel reshuffle in the wake of the breakdown of the North Korea-U.S. summit in February.

The head of the South Korean parliament's intelligence committee, Lee Hye-hoon, cited South Korea's main spy agency as saying that Kim Yong Chol lost his Workers' Party post in charge of relations with South Korea earlier this month. He was replaced by the little-known Jang Kum Chol as the director of the party's United Front Department, Lee said.

Lee said she obtained the information at a private briefing from the National Intelligence Service.

Kim Yong Chol has been North Korea's top nuclear negotiator and counterpart of U.S. Secretary of State Mike Pompeo since Kim Jong Un entered nuclear talks with the U.S. early last year. He traveled to Washington and met President Donald Trump twice before Kim's two summits with Trump.

His rise had baffled many North Korea watchers because he handled South Korea ties, not international or U.S. relations. Previously, he was a military intelligence chief believed to be behind a slew of provocations, including two deadly attacks in 2010 that killed 50 South Koreans and an alleged 2014 cyberattack on Sony Pictures. Both Seoul and Washington imposed sanctions on him in recent years.

The NIS and the Unification Ministry, a Seoul agency responsible for North Korea ties, said they could not immediately confirm the information on Kim Yong Chol.

The NIS has a spotty record in confirming developments in North Korea. But if confirmed, Kim Yong Chol's replacement would add to speculation that he is being sidelined from nuclear diplomacy to take the responsibility for the failure of the February summit in Hanoi.

Kim Jong Un, who is desperate to revive his country's moribund economy, returned home empty-handed from Hanoi after Trump rejected his calls for easing U.S.-led sanctions in return for dismantling a key nuclear complex, a limited denuclearization step.

Kim Yong Chol wasn't among a list of officials accompanying Kim Jong Un on his current visit to Russia, which began earlier Wednesday. Many experts in South Korea said North Korean Foreign Minister Ri Yong Ho and First Vice Foreign Minister Choe Son Hui would take the lead in the nuclear diplomacy.

"(Pyongyang's) significantly diminished reliance on Kim Yong Chol is a very positive sign for the denuclearization negotiations between North Korea and the United States," said Cheong Seong-Chang, an analyst at South Korea's Sejong Institute. He called Kim Yong Chol "most responsible" for the second summit's failure due to his hard-line stance.

While the NIS believes the personnel change possibly indicates that the department takes a back seat in the nuclear negotiations with Washington going forward, the spy agency also said it wasn't immediately clear whether Kim Yong Chol would be removed from the talks entirely or immediately, Lee said.

Kim still maintains several other prominent titles, including vice chairman of the Workers Party's Central Committee and a member of the powerful State Affairs Commission.

Source: NewsMax America

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Rep. Tom Reed: Bill Curbing National Emergencies Needed

Rep. Tom Reed, R-N.Y., said he supports an effort from Republican senators to save President Donald Trump from an embarrassing defeat over his emergency declaration for the border because Congress needs to start taking back its legislative powers.

"Congress has given that authority away to the president," Reed told CNN on Wednesday, after saying he backs the move proposed by Sen. Mike Lee, R-Utah. "The president, even under the proposed reform that the senator and I are looking to do, still has the ability to act in an emergency, but it forces Congress to have to make a determination in each and every one of those declarations going forward."

The measure supports Trump in declaring the national emergency if he agrees to support a bill allowing future emergency declarations to be checked by Congress.

"If we don't want our president acting like a king, we need to start taking back the legislative powers that allow him to do so," Lee tweeted Tuesday.

However, Reed recently voted against legislation in the House to block the president from declaring the emergency, and he told CNN that was because he agrees there is an emergency.

"In future declarations, I am going to agree or disagree with that declaration by the president," Reed said. "It gets caught up in politics because they pick and choose in Congress when they weigh in on the National Emergency Act."

He said he agrees with Lee about the president "acting like a king" with such orders, as he believes any president "that is unchecked is using authority that is way beyond" his boundaries.

Source: NewsMax Politics

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China’s top businesswoman accuses private sector of bribery

Zhuhai Gree Electric's President Dong Mingzhu attends the China Entrepreneur Summit in Beijing
Zhuhai Gree Electric's President Dong Mingzhu attends the China Entrepreneur Summit in Beijing, China December 9, 2017. REUTERS/Jason Lee

March 27, 2019

BOAO, China (Reuters) – China’s private companies have long enjoyed an edge over their state-owned peers, using “unscrupulous” tactics such as bribery, a prominent businesswoman said, at a time when Beijing is seeking to shore up the private sector in a slowing economy.

The bold remarks on Wednesday by Dong Mingzhu, chairwoman of Gree Electric Appliances, came at a time when Chinese leaders have pledged to step up support for small and private firms vital for economic growth and job creation.

“People abroad don’t completely understand China’s economic structure. Once they talk about state firms, they think they are government-owned… and private firms are bullied. This is their misunderstanding,” Dong said at the Boao Forum, which China is trying to promote as Asia’s answer to Davos.

She said private companies had enjoyed a competitive advantage over state firms in the course of China’s economic development, saying many resorted to “unscrupulous tactics” such as bribing government officials.

“There are indeed many private firms that have problems in collusion between businesses and government,” she said.

Beijing’s anti-graft drive has netted mostly government officials, not private businessmen, she said. 

“We may complain that it’s difficult to run a state firm given their constraints… but private firms have better conditions. How dare state firms use cash to bribe? They dare not,” she added.

Late last year, President Xi Jinping threw his backing behind private firms after an unprecedented convergence of economic stresses weighed on China’s once vibrant private sector, as the world’s second-largest economy slows amid a trade war with the United States.

But Xi also reiterated his defense of the state sector, saying reforms and tighter supervision of state firms will help protect state assets that belong to all Chinese people.

For much of the past three decades, private firms have flourished as China opened up its economy. Then in the last global financial crisis, SOEs staged a comeback thanks to Beijing’s massive stimulus – a shift popularly known as “the state sector advances, the private sector retreats”.

Gree Electric Appliances makes air conditioners, electric fans and other household appliances and its main local competitors include Midea Group and Qingdao Haier. It currently has a market capitalization of 274 billion yuan ($40.76 billion) and its largest shareholder is state-owned Gree Group with an 18 percent shareholding.

Gree Group is the largest and most powerful state-owned enterprise in Zhuhai, in the southern province of Guangdong.

(Reporting by Kevin Yao; Editing by Kim Coghill)

Source: OANN

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Cargill could invest up to $1 billion in Latin America in next five years: CEO

David MacLennan, Chairman and CEO of Cargill, speaks during an interview with Reuters in Bogota
David MacLennan, Chairman and Chief Executive Officer of Cargill, speaks during an interview with Reuters in Bogota, Colombia March 26, 2019. Picture taken March 26, 2019. REUTERS/Luisa Gonzalez

March 27, 2019

BOGOTA (Reuters) – Food and agriculture group Cargill Inc could invest up to $1 billion in Latin America over the next five years, its chief executive said, and will maintain its operations in Venezuela despite challenges brought on by an economic crisis.

Argentina, Brazil, Colombia and Chile offer favorable conditions for private investors, Chief Executive David MacLennan said in an interview late on Tuesday, though he declined to provide details of possible purchases by the company in coming years.

U.S.-based Cargill recently bought Colombian poultry processors Pollos El Bucanero and Campollo and expects to invest between $200 and $300 million in the Andean country in the next two years, MacLennan said, mostly to improve efficiency and expand the capacity of two processing plants.

“We don’t have exact figures at this time, but I will say that if we have $200 or $300 million in Colombia, in this whole area in five years we could easily reach $1 billion,” MacLennan said during a visit to Bogota.

Colombia’s political stability and geographic position are attractive for investors, said MacLennan, who met with President Ivan Duque on Tuesday.

Despite a deep economic and political crisis in Venezuela, Cargill will continue to produce flour, pasta and cooking oil there, MacLennan said.

The company employs some 1,600 people in the deeply polarized country, where hunger, shortages of medical supplies and blackouts have spooked many international investors.

“We will not surrender, it’s a very important country for us,” said MacLennan. “We are very worried for our employees and their security. I think of them every day and hope for a better future.”

(Reporting by Luis Jaime Acosta; Writing by Julia Symmes Cobb; Editing by Helen Murphy and Bernadette Baum)

Source: OANN

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Brazilian court reduces sentence of ex-president da Silva

Brazil's second-highest court is reducing the sentence of incarcerated former President Luis Inacio Lula da Silva from 12 years and one month to eight years and 10 months.

The Supreme Court of Justice voted Tuesday on a request by da Silva's lawyers that it annul the ex-president's corruption conviction or reduce his sentence. The session's four judges voted unanimously in favor of reducing the sentence.

Da Silva was convicted of corruption and money laundering over a beachfront apartment that prosecutors say he received from a construction company in exchange for lucrative government contracts. He was jailed in April 2018.

Da Silva maintains his innocence and has said he will continue to appeal to higher courts.

Source: Fox News World

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Lucid Motors names former Tesla Model S chief engineer as CEO

Peter Rawlinson, CTO and VP of Lucid Motors, speaks during the TechCrunch Disrupt event in New York
FILE PHOTO: Peter Rawlinson, Chief Technology Officer and Vice President of Lucid Motors, speaks during the TechCrunch Disrupt event in New York City, U.S., May 16, 2017. REUTERS/Brendan McDermid

April 23, 2019

(Reuters) – Electric carmaker Lucid Motors on Tuesday named Peter Rawlinson, former chief engineer of Tesla Inc’s Model S, as its chief executive officer, effective immediately.

Rawlinson, who joined Lucid in 2013 and held the role of the chief technology officer, will be replacing Sam Weng, who is also the company’s co-founder.

Rawlinson, who will also retain his role as CTO, was the Model S engineering chief for three years from 2009.

Lucid, which has more than $1 billion investment from Saudi Arabia’s Public Investment Fund, said Weng has retired following his 11-year long tenure with the company.

Based in Newark, California, Lucid Motors was founded in 2007 as Atieva by Weng and Bernard Tse, a former Tesla vice president and board member.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Maju Samuel)

Source: OANN

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The Latest: Daughter arraigned in death of family members

The Latest on a mother and daughter charged in the deaths of five relatives in suburban Philadelphia (all times local):

3 p.m.

The adult daughter of a Pennsylvania woman charged with homicide in the deaths of five family members has appeared in court to answer the same charges.

Court papers show that 19-year-old Dominique Decree was arraigned Tuesday in the deaths of five of her relatives, including three children.

Authorities says Decree and her mother, Shana Decree, killed their family members, though why is still not clear. Authorities have also not said how the victims died.

It's unclear whether either woman has an attorney who can speak on her behalf.

The slayings at a Philadelphia-area apartment are being investigated by the Bucks County district attorney's office.

___

1:10 p.m.

Pennsylvania authorities say they're no closer to determining a motive for a set of slayings that left five family members dead and a mother and daughter facing homicide charges.

Bucks County District Attorney Matthew Weintraub said Tuesday at a news conference that 19-year-old Dominique Decree is expected to be arraigned soon. Her mother, 45-year-old Shana Decree, was arraigned earlier Tuesday.

Authorities found Shana Decree's 25-year-old daughter and 13-year-old son dead Monday alongside her sister Jamilla Campbell and Campbell's twin 9-year-old daughters in the small Morrisville apartment they shared.

How they died isn't clear. It also isn't clear whether the mother and daughter yet have lawyers to speak for them.

___

12:30 p.m.

Police say the teenage son of a woman found dead alongside four relatives in a Pennsylvania home was with friends in New Jersey.

Morrisville Borough Police Chief George McClay said Tuesday that Jamilla Campbell's 17-year-old son, Joshua, was found staying with friends in Willingboro, New Jersey.

Bucks County District Attorney Matthew Weintraub has stressed that the teen isn't a suspect in the slayings and that officials wanted to be sure he was safe.

Campbell was found dead alongside her twin 9-year-old daughters, her 13-year-old nephew and 25-year-old niece.

Campbell's sister Shana Decree and niece Dominique Decree face homicide charges. Police have not released a motive or said how the victims died.

___

10:30 a.m.

A mother and daughter charged with homicide in the deaths of five relatives, including three children, have told police that one of the victims helped with the killings.

Police in Morrisville, Pennsylvania, say Shana Decree and her 19-year-old daughter, Dominique Decree, were found in the apartment Monday acting disoriented. They were taken to the hospital where they were treated and interviewed by police.

An affidavit describing the charges says both women changed their stories while talking to police. It says they first described one to three unknown men committing the killings, before telling police they had killed several of the family members.

The documents say Shana Decree told police that everyone "wanted to die." The women claimed 42-year-old Jamilla Campbell killed at least one of the children before she herself was choked to death.

___

7:30 a.m.

Authorities say a Pennsylvania woman charged along with her teenage daughter in the deaths of five relatives, including three children, has been arraigned on murder charges.

The bodies were found Monday inside an apartment in suburban Philadelphia.

Bucks County District Attorney Matthew Weintraub says 45-year-old Shana S. Decree and 19-year-old Dominique Decree are charged with five counts of homicide and one count each of conspiracy.

Shana Decree was arraigned early Tuesday, while her daughter was expected to make her initial court appearance later in the day. The teen remains hospitalized.

It wasn't clear if either woman has retained an attorney.

The victims include Shana Decree's two other children, ages 13 and 25; her 45-year-old sister; and the sister's 9-year-old twin daughters.

Source: Fox News National

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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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