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UK PM May to be told to quit by top Conservative: Sunday Times

Extraordinary European Union leaders summit in Brussels
FILE PHOTO - British Prime Minister Theresa May leaves after a news conference following an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 11, 2019. REUTERS/Yves Herman

April 20, 2019

LONDON (Reuters) – A top member of Prime Minister Theresa May’s Conservative Party will tell her in the coming week that she must step down by the end of June or her lawmakers will try again to depose her, the Sunday Times reported, without citing sources.

May survived a vote of no confidence in December and although party rules mean lawmakers cannot challenge her again until a year has passed, lawmaker Graham Brady will tell her the rules will be changed unless she quits, the newspaper said.

Brady, who chairs the Conservative Party’s influential 1922 Committee of backbench lawmakers, will tell her that 70 percent of her members of parliament want her to resign over her handling of Brexit, the Sunday Times said.

Britain was originally due to leave the European Union on March 29, but that deadline was pushed back to April 12 and then again to Oct. 31 as May failed to break an impasse in parliament on the terms of Brexit.

(Reporting by Andy Bruce; Editing by Daniel Wallis)

Source: OANN

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#AvocadoChallenge 2.0: Give a Democrat an Avocado to Stop Human Trafficking

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Source: InfoWars

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U.S. job growth seen accelerating from 17-month trough

FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles
FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida -/File Photo

April 5, 2019

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. employment growth likely rebounded from a 17-month low in March as milder weather boosted activity in sectors like construction, which could further allay fears of a sharp slowdown in economic growth in the first quarter.

Worsening worker shortages and lingering effects of tighter financial market conditions at the turn of the year, however, suggest the job gains probably remained below 2018’s brisk pace.

The Labor Department’s closely watched monthly employment report on Friday would follow on the heels of fairly upbeat construction spending and factory data that led Wall Street banks to boost their growth estimates for the first quarter.

Nonfarm payrolls probably increased by 180,000 jobs last month, according to a Reuters survey of economists. Investors will also be watching to see if February’s paltry 20,000 job count, the smallest since September 2017, is revised higher.

“A number that is close to consensus and with an upward revision to February will give you some degree of comfort that while the economy is slowing, it isn’t declining rapidly,” said Dan North, chief economist at Euler Hermes North America in Baltimore.

The economy has shifted into lower gear as stimulus from the Trump administration’s $1.5 trillion tax cut package as well as increased government spending fades. A trade war between Washington and Beijing, and slowing global growth have also taken a toll on the economy, which in July will celebrate 10 years of expansion, the longest on record.

Growth forecasts for the first quarter are between a 1.4 percent and 2.1 percent annualized rate. The economy grew at a 2.2 percent rate in the fourth quarter, stepping down from the July-September quarter’s brisk 3.4 percent pace.

Fears of an abrupt economic slowdown could also be assuaged by strengthening wage growth and a low unemployment rate. Average hourly earnings are expected to have increased 0.3 percent in March after jumping 0.4 percent in February.

That would keep the annual increase in wages at 3.4 percent, the biggest gain since April 2009. Strong wage growth could boost confidence that consumer spending would accelerate and support the economy, after consumption stalled in January.

WORKERS ARE SCARCE

The scarcity of workers is driving up wages. The unemployment rate is forecast unchanged at 3.8 percent in March, close to the 3.7 percent that Federal Reserve officials project it will be by the end of the year.

Though job gains have moderated from an average of about 223,000 in 2018, they remain above the roughly 100,000 per month needed to keep up with growth in the working-age population.

Economists say a strong employment report in March would suggest that financial market expectations that the Fed will cut interest rates this year were premature. The rate cut expectations gained traction when the U.S. Treasury yield curve briefly inverted in late March, reviving recession fears.

The U.S. central bank last month suspended its three-year campaign to tighten monetary policy, dropping projections for any interest rate hikes this year after increasing borrowing costs four times in 2018.

“If the recent weakness is only a soft patch and not quicksand, the Fed may surprise markets and decide to sharpen its monetary tools later this year, with a rate hike just in time for the holidays,” said Beth Ann Bovino, U.S. chief economist at S&P Global Ratings in New York.

There are roughly 7.58 million open jobs in the economy. This is despite the labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, having risen to the highest in more than five years at 63.2 percent.

“Up until now we have had people rejoining the labor force, which allowed businesses to hire people, especially at the unskilled and semi-skilled level,” said Sung Won Sohn, an economics professor at Loyola Marymount University in Los Angeles. “There are signs that well could be running dry.”

Economists expect job growth to average about 150,000 this year. Employment at construction sites is expected to have rebounded after falling by 31,000 jobs in February, the biggest drop since December 2013. Leisure and hospitality sector payrolls are forecast to have accelerated after stalling.

The manufacturing sector is expected to mark 20 straight months of job gains in March, the longest streak since the mid-1980s. But the outlook for the sector is less upbeat as motor vehicle manufacturers have announced thousands of job cuts to deal with slowing sales that have led to an inventory bloat.

(Reporting by Lucia Mutikani; Editing by Phil Berlowitz)

Source: OANN

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Muslim group seeks congressional probe on terror watchlist

A Muslim civil rights group called for a congressional investigation Wednesday after its lawsuit revealed that the U.S. government has shared its terrorist watchlist with more than 1,400 private entities, including hospitals and universities.

The Council on American-Islamic Relations said Congress should look into why the FBI has given such wide access to the list, which CAIR believes is riddled with errors. Broad dissemination of the names makes life more difficult for those who are wrongly included, CAIR says. Many on the list are believed to be Muslim.

"This is a wholesale profiling of a religious minority community," said CAIR National Executive Director Nihad Awad. "To share private information of citizens and non-citizens with corporations is illegal and outrageous."

The FBI did not immediately respond to a call and emails seeking comment.

The council filed a class-action lawsuit in 2016 challenging the list's constitutionality and saying those wrongly placed on it routinely face difficulties in travel, financial transactions and their dealings with law enforcement.

In response to the lawsuit, a federal official recently acknowledged in a court filing that more than 1,400 private entities received access to the list.

For years, the government had insisted that it did not generally share the list with private organizations.

The watchlist, which contains hundreds of thousands of names, is supposed to include only known or suspected terrorists. Critics say it is wildly overbroad and mismanaged. The government's smaller no-fly list is culled from the watchlist.

A hearing is scheduled in federal court for Friday on CAIR's request that the government now detail exactly which entities have received access to the names. CAIR also wants to know what private organizations are doing with the watchlist information — whether, for example, it is influencing universities' admissions decisions or is being used by hospitals to screen would-be visitors.

In depositions and in court hearings, government officials had denied until very recently that the watchlist compiled by the FBI's Terrorist Screening Center is shared with private entities. At a hearing in September, government lawyer Dena Roth told U.S. District Judge Anthony Trenga that the Terrorist Screening Center "does not work with private partners, and that watchlist status itself ... is considered law enforcement sensitive information and is not shared with the public."

Despite that assurance, the judge ordered the government to be more specific about how it disseminates the watchlist. Trenga said the plaintiffs are entitled to the information to try to prove their case that inclusion on the list causes them to suffer "real world consequences."

In response to the judge's order, TSC Deputy Director of Operations Timothy Groh filed a statement earlier this month acknowledging that 1,441 private entities have received permission to access the watchlist.

Groh said those entities must be in some way connected to the criminal justice system. He cited police forces at private universities, hospital security staff and private correctional facilities as examples.

He said private groups are expected to abide by a detailed set of rules designed to ensure the list is used properly. It is not clear what those restrictions are.

The exact number of people on the list is kept secret by the government, but it acknowledged in an earlier lawsuit that it adds hundreds of thousands of names every year. It also emphasized that names are routinely removed.

Source: Fox News National

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Turkey seeks life terms for 16 activists over 2013 protests

Turkey's state-run news agency says prosecutors have charged a prominent philanthropist businessman and 15 other people with seeking to overthrow the government by allegedly supporting anti-government protests in 2013.

Anadolu Agency reported Wednesday that the prosecutors are seeking life prison terms for the all of those indicted. They include businessman Osman Kavala, exiled journalist Can Dundar and actor Mehmet Ali Alabora, who took part in the demonstrations.

The Turkish government has accused Kavala of financing and organizing the protests. He has been in pre-trial detention for more than a year.

The protests started with an environmental cause, protecting Gezi Part in central Istanbul. They quickly broadened into opposing the government.

A court in Istanbul must accept the prosecutors' indictment against the suspects before a trial can begin.

Source: Fox News World

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China’s 5G Market Soon Larger Than US, Europe Combined

Chinese technology companies are currently one of the world’s pioneers in the development and testing of future data transmission tech, which is believed, will become life-changing for the entire world.

The number of 5G technology users once it becomes widespread in China will be around 460 million by 2025, making the country the biggest market for the new technology, a report by the Global System for Mobile Communications Association (GSMA) says. The anticipated number of 5G users in the US (187 million) and Europe (205 million) by 2025 is still less than that of China.

Communications companies are planning to start deploying the new technology in 2020 with planned investments for laying the groundwork for it estimated to be around $58 billion, the report says. GSMA director-general Mats Granryd pointed out that the communications market in China is a “key driver” of the country’s economic growth.

This 5G technology is expected to become life-altering due to its incredible speeds, which are 10 times higher than 4G, and response time, rotating chairman of Huawei Technologies Hu Houkun said. Huawei in collaboration with China Mobile have already shown a glimpse of the 5G future by organizing a remote surgery using the new technology.


5G is the core technology for Smart Cities and the UN 2030 Agenda. One California town has blocked it over health concerns.

A surgeon, located in Hainan Province, conducted a sophisticated operation on a Parkinson’s-stricken patient in Beijing (2,500km away) using surgical instruments remotely controlled via a 5G connection. The doctor successfully implanted a deep brain stimulator into the patient’s head using this advanced technology.

Surgery is not the only sphere that is expected to experience a boost from the implementation of 5G technology, Huawei’s chairman pointed out.

“5G will also play a vital part in triggering explosive growth in virtual reality and augmented reality because it can solve all the technological bottlenecks that are blocking the industry’s development”, he said.

The report comes following a recent scandal in Germany, whom the US reportedly threatened to leave in the dark on some of its intelligence, if Berlin decides to use Huawei’s technologies in building its 5G network. Germany responded to the reports by assuring that no company will be excluded from participating in the 5G network’s construction.

Washington claims that Huawei has been engaged in stealing commercial information and spying for Beijing. The US has also been trying to convince its European allies to impose bans on Huawei products and deny it an opportunity to build the next generation of wireless mobile networks.


Millie Weaver joins Alex Jones live via Skype to break down how big tech monopolies like Google, Facebook, Apple, and Twitter are pushing for more oversight and regulation across the internet worldwide, suggesting the implementation of a traceable internet ID, like a fingerprint, for all users.

Source: InfoWars

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House set to uphold Trump veto, let border emergency stand

President Donald Trump is nearing a victory over Democrats as the House tries overriding his first veto, a vote that seems certain to fail and would let stand his declaration of a national emergency at the Mexican border.

Tuesday's vote would keep the border emergency intact, which for now would let him shift an additional $3.6 billion from military construction projects to work on a barrier along the southwest boundary. Building the wall was one of his most oft-repeated campaign promises, though he claimed the money would come from Mexico, not taxpayers.

Trump's emergency declaration drew unanimous opposition from congressional Democrats and opposition from some Republicans, especially in the Senate, where lawmakers objected that he was abusing presidential powers.

But while Congress approved a resolution voiding Trump's move, the margins by which the House and Senate passed the measure fell well short of the two-thirds majorities that will be needed to override the veto. That's expected to happen again when the House votes Tuesday.

"The president will be fine in the House," said Minority Leader Kevin McCarthy, R-Calif., in a brief interview. "The veto will not be overridden."

Even with his veto remaining intact, Trump may not be able to spend the money for barriers quickly because of lawsuits that might take years to resolve.

Tuesday's vote was coming as Trump claimed a different political triumph after Attorney General William Barr said special counsel Robert Mueller had ended his two-year investigation without evidence of collusion by Trump's 2016 campaign with the Russian government.

Democrats were hoping to use the border emergency battle in upcoming campaigns, both to symbolize Trump's harsh immigration stance and claim he was hurting congressional districts around the country.

The Pentagon sent lawmakers a list last week of hundreds of military construction projects that might be cut to pay for barrier work. Though the list was tentative, Democrats were asserting that GOP lawmakers were endangering local bases to pay for the wall.

Congress, to which the Constitution assigned control over spending, voted weeks ago to provide less than $1.4 billion for barriers. Opponents warned that besides usurping Congress' role in making spending decisions, Trump was inviting future Democratic presidents to circumvent lawmakers by declaring emergencies to finance their own favored initiatives.

Trump supporters said he was simply acting under a 1976 law that lets presidents declare national emergencies. Trump's declaration was the 60th presidential emergency under that statute, but the first aimed at spending that Congress explicitly denied, according to New York University's Brennan Center for Justice, which tracks the law.

The House approved the resolution blocking Trump's emergency by 245-182 in February. On Tuesday, Trump opponents will need to reach 288 votes to prevail.

Just 13 Republicans opposed Trump in February, around 1 in 15. Another 30 would have to defect to override his veto.

This month, the GOP-led Senate rebuked Trump with a 59-41 vote blocking his declaration after the failure of a Republican effort to reach a compromise with the White House. Republicans were hoping to avoid a confrontation with him for fear of alienating pro-Trump voters.

Twelve GOP senators, nearly 1 in 4, ended up opposing him.

If the House vote fails, the Senate won't attempt its own override and the veto will stand.

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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