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Ambassador: US had ‘no prior knowledge’ of Sri Lanka threat

The U.S. ambassador to Sri Lanka says America had "no prior knowledge" of the Easter bombings that killed over 350 people in the island nation, despite local claims that foreign officials had been warned that an attack was looming.

Ambassador Alaina Teplitz says that as the investigation into Sunday's Islamic State-claimed attack continues, a team of both FBI agents and U.S. military personnel are in Sri Lanka assisting the probe.

While declining to say whether U.S. officials had intelligence on the local extremists and their leader who allegedly carried out the assault, Teplitz said Wednesday that America remains concerned over militants at large.

She also said that "clearly there was some failure in the system" that caused Sri Lankan officials to fail to share the warnings they received prior to the attack.

Source: Fox News National

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Peaceful Conservative Attacked By Leftist Liberal For Asking A Question

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Source: InfoWars

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Mass. Gov. Baker Signs Gay Conversion Ban

Massachusetts GOP Gov. Charlie Baker on Monday signed a bill banning gay conversion therapy for minors — making the state the 16th in the nation to do so.

The measure had passed the Democrat-controlled House and Senate by overwhelming margins. Baker signed the bill into law Monday, having indicated that he supported the effort.

Massachusetts becomes the 16th state to pass a conversion therapy ban; Washington, D.C., also bans the practice.

The conservative Massachusetts Family Institute has threatened to challenge the ban in court if it became law. The group says the ban violates First Amendment rights to free speech.

Ban supporters say conversion therapy can be harmful to children. Arline Isaacson, co-chair of the Coalition to Ban Conversion Therapy for Minors, calls the treatments fraudulent, cruel and barbaric.

The state’s ban was lauded by LGBTQ rights activists and supporters, including Chelsea Clinton, who called the practice “a form of child abuse” in a tweet.

“Good news!! Thank you Massachusetts,” Clinton tweeted. “Only 34 more states to go to ban conversion therapy, a form of child abuse.”

The Associated Press contributed to this report.

Source: NewsMax Politics

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China’s economy still faces downward pressure: premier

Chinese Premier Li Keqiang attends a meeting with International Monetary Fund (IMF) Managing Director Christine Lagarde at the Diaoyutai State Guesthouse in Beijing
Chinese Premier Li Keqiang attends a meeting with International Monetary Fund (IMF) Managing Director Christine Lagarde (not pictured) at the Diaoyutai State Guesthouse in Beijing, China April 24, 2019. Parker Song/Pool via REUTERS

April 24, 2019

BEIJING (Reuters) – China’s economy still faces downward pressure and the government will counter such pressure by deepening reforms and cutting taxes, state television quoted Premier Li Keqiang as saying on Wednesday.

The government will keep economic growth within a reasonable range, Li said.

(Reporting by China monitoring desk and Kevin Yao; Editing by Robert Birsel)

Source: OANN

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Japan March jobless rate rises to 2.5%

Office workers are reflected in a glass railing as they cross street during lunch hour in Tokyo
FILE PHOTO: Office workers are reflected in a glass railing as they cross a street during lunch hour in Tokyo June 1, 2015. REUTERS/Thomas Peter

April 26, 2019

TOKYO (Reuters) – Japan’s jobless rate rose in March while the availability of jobs held steady at a high level, government data showed on Friday, underscoring a tight labor market.

The seasonally adjusted unemployment rate rose to 2.5 percent, against economists’ median forecast for 2.4 percent, figures from the Ministry of Internal Affairs and Communications showed.

The jobs-to-applicants ratio stood at 1.63, unchanged from February. The median estimate was for the ratio to rise to 1.64, according to a Reuters poll.

(Reporting by Sumio Ito and Stanley White; Editing by Chang-Ran Kim)

Source: OANN

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Reporting Brexit: Racing to break news in Britain’s ancient parliament

FILE PHOTO: Anti-Brexit demonstrator protests outside the Houses of Parliament, in Westminster, London
FILE PHOTO: An Anti-Brexit demonstrator protests outside the Houses of Parliament, in Westminster, London, Britain March 4, 2019. REUTERS/Hannah McKay/File Photo

March 12, 2019

By William James and Andrew MacAskill

LONDON (Reuters) – The world’s press packed in a gallery in the British House of Commons neo-gothic debating chamber late on Tuesday, watching out for clues of the outcome of a vote that would shake markets and deepen the Brexit turmoil.

Parliamentary voting in the United Kingdom is an overwhelmingly analogue affair – with lawmakers traipsing down wood-panelled corridors and human tellers totting them up before, in this case, the announcement of another defeat for Prime Minister Theresa May.

Covering that voting, for Reuters and other journalists there, involves a mix of old-school observation with some of the fastest technologies available to transmit the text and visuals to trading floors and media organizations.

On Tuesday night, the reporters studied the positioning of the tellers to try and get an early lead on the result. Generally, the tellers from the winning side line up on the right as they face the Speaker – though this time they kept everyone guessing by swapping sides with seconds to go.

“Occasionally these tellers ‘entertain’ parliament by deliberately standing in the wrong spot and only switching to the right place at the last minute,” said Reuters reporter William James. “This makes life difficult for us”.

No laptops are allowed in the chamber, but mobile phone alerts and keyboard shortcuts quickly passed the results back to the newsroom where banks of reporters and editors were waiting to pump out alerts to trading desks and newsrooms. Competition is fierce and winning is measured in a matter of milliseconds.

Until Brexit, the world’s $5 trillion-a-day foreign exchange markets rarely bothered to take much notice of what happens in Britain’s 800-year-old Westminster assembly.

Once pitched as one of the reassuringly boring pillars of Western stability, Brexit has instead thrust the intrigues in parliament to the top of the global financial agenda, able to move the U.S. dollar, send tremors through stock markets and whip up yields on German bonds.

The news – transmitted to markets first by Reuters – that the United Kingdom voted out on June 23, 2016, triggered the biggest fall in sterling since the system of free-floating exchange rates was introduced in the early 1970s.

The chaos of Brexit and its impact on markets made it the most-read story globally for Thomson Reuters’ financial readers in 2018. Reuters routinely publishes 300 news alerts a day on Brexit, making it one of the world’s fastest-moving stories.

There were many more alerts on Tuesday, as the full implications sank in of the government defeat – which the prime minister met with the promise of yet another crunch parliamentary vote in less than 24 hours time.

(Writing by Guy Faulconbridge; Editing by Andrew Heavens)

Source: OANN

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Border Expert, Novelist Winslow: Trump's Feet 'Stuck in Cement of Fantasy'

Most of the drugs entering the United States are coming through the ports of entry, not across the border, and President Donald Trump has his "feet stuck in the cement of fantasy" with his insistence a border wall will keep drugs out, border expert Don Winslow said Tuesday.

"He knows the facts," Winslow, whose new book "The Border: The Novel" is out today, told MSNBC's "Morning Joe."

"He knows the facts," Winslow said. "The DEA has told us this. If you read the last five years of their report, it says it. The cartels have told us this lately in the (Joaquin "El Chapo") Guzman trial. Major traffickers on the stand said it comes through these open gates, so President Trump knows this."

However, his refusal to acknowledge the problem means he's showing "willful ignorance," said Winslow.

"I think he's just stuck his feet into his campaign promises and he's sticking it out," he added. "I guarantee you, this wall will do nothing to stop the flow of drugs. In fact, it will help the flow of drugs. It's going to drive more migrants into the hands of cartels, who are getting into the human smuggling business."

Winslow said that 90 percent of the illicit drugs that come in are arriving through ports of entry, while a wall will force the mules bringing drugs through the hills to be transported by the cartels through the ports of entry.

"They'll pay a tax to the cartels of something like 5-7 percent of the value of the product of that heroin, that cocaine, that methamphetamine, and that will feed the cartel's profits," said Winslow.

Source: NewsMax America

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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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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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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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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