Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Haiti parliament ousts prime minister in no-confidence vote

Haitian Prime Minister Henry Ceant has been thrown out of office by a no-confidence vote prompted by government dysfunction and inability to quash inflation, blackouts and frequent opposition protests that have paralyzed the country.

The Chamber of Deputies voted 93-6, with three abstaining, on Monday to replace Ceant as soon as President Jovenel Moise and the heads of parliament's two houses agree on a replacement. Until then, Ceant and his Cabinet will remain in place with limited powers, raising the prospect of even rockier government performance.

Moise and Ceant have had frequent disagreements that have hampered Ceant's ability to carry out his constitutional duty to run the state.

Ceant has held office since July, when his predecessor was removed for mismanagement of the end of subsidized oil aid from Venezuela.

Source: Fox News World

0 0

Euro on backfoot after report of dovish ECB views; China data awaited

FILE PHOTO: U.S. dollar and Euro banknotes are seen in this picture illustration
FILE PHOTO: U.S. dollar and Euro banknotes are seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

April 17, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The euro sagged early on Wednesday following a report that some European Central Bank policymakers have expressed dovish views, with the market awaiting Chinese economic data for further cues.

The euro was little changed at $1.1284 after slipping about 0.2 percent overnight to pull away from a 2-1/2-week high of $1.1324 scaled on April 12.

The single currency came under pressure after Reuters quoted four sources with direct knowledge of discussions that several European Central Bank policymakers think the ECB’s economic projections are too optimistic as economic weakness in China and trade tensions linger.

“It remains to be seen whether the ECB policymakers wanted to check the euro’s recent advance. But the macro environment is not conducive for the euro to keep appreciating when the euro zone economy still remains shaky,” said Shin Kadota, senior strategist at Barclays in Tokyo.

The dollar index against a basket of six major currencies was steady at 97.073 after gaining 0.1 percent overnight thanks to the flagging euro.

A bounce in long-term U.S. Treasury yields to a four-week high in the wake of equity gains on Wall Street also supported the greenback.

The market’s immediate focus was on a batch of Chinese data due at 0200 GMT, for a glimpse of how the world’s second largest economy performed in the first quarter.

Economic growth is expected to have slowed to its weakest pace in at least 27 years in the first quarter, as policymakers seek to head off a sharper slowdown that could stoke job losses.

The New Zealand dollar was down 0.8 percent at $0.6706 after falling to $0.6668, its lowest since Jan. 3.

The kiwi was hit after data showed New Zealand’s annual inflation slowed in the first quarter and raised odds of an interest rate cut in the coming months.

The Australian dollar was down 0.15 percent at $0.7166. The antipodean currency is sensitive to the economic fortunes of China, Australia’s major trading partner.

“Chinese data will definitely impact the Australian dollar. But we have to remember that the currency also has key domestic factors to contend with recently,” Kadota at Barclays said.

The Aussie took a brief hit on Tuesday after the Reserve Bank of Australia said it believes a cut in interest rates would be “appropriate” should inflation stay low and unemployment trend higher.

The dollar moved out of its recent range and popped up to 112.17 yen, its highest since Dec. 20, following the bounce in U.S. yields.

(Editing by Jacqueline Wong)

Source: OANN

0 0

Guaido says he’s trying to freeze Venezuelan accounts in Switzerland

Venezuela's Guaido attends a news conference to mark the 5th anniversary of the arrest of the opposition leader Leopoldo Lopez in Caracas
FILE PHOTO: Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, attends a news conference to mark the 5th anniversary of the arrest of the opposition leader Leopoldo Lopez in Caracas, Venezuela February 18, 2019. REUTERS/Manaure Quintero

February 20, 2019

(Reuters) – Venezuelan opposition leader Juan Guaido said he spoke to Switzerland’s president on Wednesday to try to freeze banks accounts belonging to the tumultuous South American nation after “irregular movements” were discovered.

Guaido invoked a constitutional provision to claim the presidency three weeks ago, arguing that Nicolas Maduro’s reelection last year was a sham. Since then, Guaido has been trying to control Venezuelan assets overseas.

In an interview with Mexican network Televisa, Guaido said he had spoken with the Swiss president earlier on Wednesday. He did not mention President Ueli Maurer by name and a Swiss foreign ministry spokesman denied the two men had spoken.

Guaido said the Venezuelan government held bank accounts in Switzerland and that irregular efforts to migrate part of those accounts to “another site” had been detected.

“We are doing everything possible to protect these assets that belong to the republic,” he said.

He did not say who had detected the movements in the accounts, whether any money had been transferred, or give further details.

Most Western countries, including the United States, have recognized Guaido as Venezuela’s legitimate head of state, but Maduro retains the backing of Russia and China as well as control of state institutions including the military.

Switzerland has urged protection for Guaido and calls the situation in Venezuela under Maduro “extremely problematic,” but says it formally recognizes states, not governments.

The Swiss Finance Ministry, which Maurer also heads, declined to comment on the Venezuelan accounts, referring further requests for information to the foreign ministry’s asset recovery department.

Switzerland’s Federal Office of Justice said no one in Venezuela so far had sought Swiss legal assistance in tracking down assets.

(Reporting by Adriana Barrera in Mexico City and Michael Shields in Zurich; Writing by Frank Jack Daniel; Editing by Bill Trott and Richard Chang)

Source: OANN

0 0

Speedway: Triple champion Woffinden setting his sights on seven

FILE PHOTO: 2015 Adrian Flux British FIM Speedway Grand Prix
FILE PHOTO: Speedway - 2015 Adrian Flux British FIM Speedway Grand Prix - Millennium Stadium, Cardiff, Wales - 4/7/15 Great Britain's Tai Woffinden during the heats Mandatory Credit: Action Images / Matthew Childs Livepic

March 8, 2019

By Alan Baldwin

LONDON (Reuters) – Tai Woffinden has so many tattoos, he is not sure where he would put one to celebrate a record seventh speedway world championship.

The Briton, who grew up in Western Australia, has ‘only’ the three titles so far but has no doubt he will need to save some space on his skin.

“I want to be the greatest of all time. There’s two guys that have won six so I want to be one better and be the greatest,” he told Reuters.

“I’m 28. If I stay enthusiastic I’ve got another 15 years at it,” added Woffinden, in London to collect the Royal Automobile Club’s Torrens Trophy.

Woffinden has so far refrained from inking any of his speedway successes onto his body because the target is not yet half reached, but the canvas is shrinking.

He has ‘Pain is weakness leaving the body’ written on his upper torso and he has had plenty of broken bones to know about that, and suffering too.

“My wife’s brother is a tattoo artist. I’m at the point now where if I see a gap, I need to fill it. So there’s a gap here on my wrist, a tattoo needs to go here to fill that gap,” he said.

“I can’t have a three time world champion on my wrist because then when I am a seven times world champion, I won’t have enough room on my wrist to put it. So I’ll wait until I’m finished and then I can get it.

“I haven’t done my legs yet so there’s still plenty of space.”

Speedway is motorsport in the raw — 500cc motorbikes with a single gear and no brakes that accelerate faster than a Formula One car and power-slide around shale-based oval circuits at speeds of up to 130kph and a heady whiff of methanol.

Tough on riders, with the constant risk of injury, it was once hugely popular in Britain but now struggles for media attention despite crowds of 50,000 for the showcase British Grand Prix at Cardiff’s Principality Stadium.

MINORITY SPORT

“I’d love for somebody like (snooker and darts entrepreneur) Barry Hearn in his spare time to come and look into it and say ‘yeah, I’ll take that on,'” said Woffinden, whose late father Rob was also a speedway rider.

“It’s an exciting sport but it’s classed as a minority sport. You walk through the grandstand and there seems to be a lot more older people, there’s no younger people yet it’s a younger generation of kids that are riding bikes.

“We are all in our 20s so why isn’t that attracting a 20-year-old fanbase? Because its relatable. They can go, ‘Wow, look at this guy he’s the same age as me and he’s doing this, this and this.”

Woffinden races mostly in Sweden and Poland, where it is so mainstream that there are even speedway hooligans and his WTS Wroclaw club’s 17,000 seat stadium is sold out for home races.

In Britain he is used to being recognized — the big discs in his earlobes an easy spot — but not when it comes to events such as the BBC sports personality of the year, where he failed to make it onto the shortlist last year.

In 1966, England’s World Cup winning soccer captain Bobby Moore won with speedway rider Barry Briggs runner-up. Geoff Hurst, England’s hat-trick hero in the final, was third.

“There will be a point where they can’t overlook me. Maybe when I win my seventh and become the greatest of all time. At that point they will physically not be able to do it,” said Woffinden.

Growing up in Perth, with an Australian passport and spending his winters there, he started out in taekwondo but abandoned it for speedway after reaching black belt.

If he sounds more like an Antipodean than someone born in Scunthorpe, he is also proud to race for the country of his birth.

“The Australians call me their adopted world champion and some of the Brits call me a British world champion,” he said.

“And some of the Brits also call me a stupid Australian idiot and say I should represent Australia because I love Australia more than I love England.

“But at the end of the day, mate, my parents are English and I was born in England and I represent England.”

(Reporting by Alan Baldwin, editing by Christian Radnedge)

Source: OANN

0 0

Major League Soccer picks MGM-GVC venture as first betting partner

MLS: LA Galaxy Unveil David Beckham Statue
Mar 2, 2019; Los Angeles, CA, USA; MLS commissioner Don Garber speaks during David Beckham statue at Legends Plaza at Dignity Health Sports Park. Mandatory Credit: Kirby Lee-USA TODAY Sports

March 19, 2019

By Hilary Russ

NEW YORK (Reuters) – Major League Soccer said on Tuesday that Roar Digital LLC, a joint venture between MGM Resorts International and GVC Holdings PLC, would be its exclusive sports betting partner, the league’s first.

The multi-year deal also makes MGM the league’s first official gaming partner, though not an exclusive one. It also provides MGM and Roar access to league data for fans and sports bettors, according to a statement.

“Major League Soccer is proud to partner with MGM Resorts to bring existing and new fans close to our sport in innovative and immersive ways,” MLS Commissioner Don Garber said in the statement.

Marketing rights are also included, with the sportsbook operators allowed to post visible signs for more than 100 nationally broadcast MLS games.

The deal makes MGM a partner with yet another major sports league after it inked similar agreements with the National Basketball Association, the National Hockey League and Major League Baseball.

The National Football League named Caesars Entertainment Corp as its first casino partner in January, but that deal did not include sports betting.

The deals come in the wake of a U.S. Supreme Court ruling in May 2018 that allowed states to legalize, regulate and tax sports wagering.

Less than a year later, eight states now offer legal sports wagering, including Nevada, which was always allowed to offer such bets.

Bookmakers, casinos, leagues, teams, media companies, data providers and others are seeking to capitalize on the brand new U.S. sports betting market that is now evolving state by state.

Professional sports leagues, which previously fought legalization because of fears it could lead to match fixing, now hope that the spread of legal sports betting will help engage fans and drive up the value of their teams.

MLS’ partnership will also develop a free game that can help “drive adoption of sports betting” in states that have already legalized it and build a base of potential bettors in those that have yet to adopt it, the statement said.

Financial terms of the deal were not disclosed.

(Reporting by Hilary Russ, editing by G Crosse)

Source: OANN

0 0

Libyan official: Migrants used metal tools to threaten crew

A Libyan official says the migrants who commandeered an oil tanker that had rescued them in the Mediterranean Sea used metal tools to threaten the crew, forcing them to direct the ship toward Europe.

Maltese armed forces stormed the vessel Thursday and detained five men suspected of leading the hijacking operation, taking them away in handcuffs. In all, 100 migrants were on the ship, including woman and many minors.

Brig. Gen. Ayoub Gassim, the Libyan coast guard spokesman, said Friday the El Hiblu 1 cargo ship rescued the migrants in the middle of the night.

He said Wednesday morning, "when the sun rose and the migrants realized that they are returning to Libya, some of them rebelled, and used workshop metal tools in threatening the crew to change the route and head north."

Source: Fox News World

0 0

Dem Party Admission Scandal: Electoral College

DNA Force Plus

Limited Advanced Release

149.95

74.98

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

74.98

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

74.98

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

Source: InfoWars

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist