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New details in Sri Lanka Easter Sunday bombings as death toll rises; Dems divided on impeaching Trump

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Developing now, Monday, April 22, 2019

NEW DETAILS IN SRI LANKA BOMBINGS EMERGE AS DEATH TOLL RISES: The series of bombings that ripped through churches and hotels in Sri Lanka on Easter Sunday and left at least 290 people dead and more than 500 people wounded were carried out by seven suicide bombers and investigators are examining reports that intelligence agencies had warnings of possible attacks, according to the Associated Press …  No one has taken responsibility for the bombings. Defense Minister Ruwan Wijewardena described the blasts as a terrorist attack by religious extremists, and police said 13 suspects had been arrested.

The identities of some victims of the Easter massacres in Sri Lanka emerged Sunday evening -- including a British mother and her 11-year-old son, along with a TV chef, Shantha Mayadunne, and her daughter, Nisanga. Most of those killed were Sri Lankans. However, the U.S. said “several” Americans were among the dead, while Britain and China said they, too, lost citizens.

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BUZZFEED EDITOR TAKES SRI LANKA SHOT AT TRUMP: A BuzzFeed News world editor faced backlash Sunday for taking a swipe at President Trump while tweeting an article about the attacks in Sri Lanka on Easter ... "Suspect we’d be hearing a lot more outrage from Trump and co. if the Christians killed in Sri Lanka were white," Miriam Elder tweeted with a link to BuzzFeed News. Elder’s tweet had received more 6,000 replies, 179 retweets and 423 likes as of early Monday morning. Many of the commenters asked why the BuzzFeed News world editor would politicize the terrorist attacks. When contacted by Fox News, BuzzFeed News responded: “No comment from us.” Trump on Easter morning offered condolences to the people of Sri Lanka, tweeting, "We stand ready to help!”

DEMS DIVIDED ON COLLUSION, SEEKING TRUMP IMPEACHMENT: Leading Democrats appeared divided whether to pursue impeachment against President Trump after last week's release of Special Counsel Robert Mueller's redacted report, which found no evidence of collusion and did not draw a conclusion on whether Trump obstructed justice ... Rep. Elijah Cummings, D-Md., chair of the House Oversight Committee, signaled that Democrats are not yet concerned about the possibility of "Russia fatigue" and warned ominously on Sunday that "the Russians aren't getting tired" and are "attacking our electoral system every single day."

Cummings previewed new lines of investigation against Trump and said it might be necessary to hear testimony from former White House Counsel Don McGahn and Mueller himself. In addition, Cummings neither fully endorsed, not rejected the idea of pursuing impeachment against Trump. 2020 presidential candidate Sen. Elizabeth Warren and freshman Democratic Reps. Rashida Tlaib, D-Mich., Ilhan Omar, D-Minn., and Alexandria Ocasio-Cortez, D-N.Y. have all called for impeachment.

But other Democrats, including Maryland House Majority Leader Steny Hoyer, and House Speaker Nancy Pelosi, and 2020 presidential candidates Reps. Tim Ryan and Tulsi Gabbard have also said impeachment proceedings would be premature or misguided. (Rep. Adam Schiff, D-Calif. chairman of the House Intelligence Committee, weighed in on the prospects of impeaching Trump and more on "Fox News Sunday." Click on the video above to watch the full interview.)

Meanwhile, House Judiciary Committee Chairman Jerry Nadler, D-NY, argued on Sunday that, despite Mueller deciding not to charge President Trump with obstruction of justice, he believes there is still plenty of evidence of obstruction and wondered why Donald Trump Jr. isn't facing charges for the infamous Trump Tower meeting with Russian operatives in June 2016.

REPORT: U.S TO SANCTION FIVE NATIONS OVER IRANIAN OIL - The Trump administration is set to inform five nations that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran, reports said Sunday ... Secretary of State Mike Pompeo plans to announce the policy move on Monday, which would no longer renew sanctions waivers for allies Japan, South Korea, and Turkey. The other countries no longer exempt are China and India. The waivers for sanctions will expire on May 2. The Washington Post first reported on the move, and three sources confirmed the report to the Associated Press.

FILE - In this Wednesday, April 10, 2019, file photo, Rep. Alexandria Ocasio-Cortez, D-N.Y., listens during a House Financial Services Committee hearing with leaders of major banks on Capitol Hill in Washington. Tom Ferrall, chairman of the Ohio College Republican Federation and a senior at the University of Dayton, has apologized for a fundraising email that referred to Democratic congresswoman Alexandria Ocasio-Cortez as a “domestic terrorist.” (AP Photo/Patrick Semansky, File)

FILE - In this Wednesday, April 10, 2019, file photo, Rep. Alexandria Ocasio-Cortez, D-N.Y., listens during a House Financial Services Committee hearing with leaders of major banks on Capitol Hill in Washington. Tom Ferrall, chairman of the Ohio College Republican Federation and a senior at the University of Dayton, has apologized for a fundraising email that referred to Democratic congresswoman Alexandria Ocasio-Cortez as a “domestic terrorist.” (AP Photo/Patrick Semansky, File)

AOC FACING EARLY RE-ELECTION CHALLENGE: Alexandria Ocasio-Cortez’s surging national profile has inspired a trio of Republican opponents from her home district — along with a multimillionaire mystery donor who could help close the gap in her foes’ long-shot race against her ... Just three months after taking office, the Democratic socialist congresswoman’s challengers include an Egyptian American journalist, who has already tossed her hat in the ring, and an NYPD cop-turned-high-school-civics teacher and conservative talk-radio producer, both of whom are seriously exploring a run against her. And the fledgling challengers could get help from a wealthy New Yorker committed to backing an Ocasio-Cortez opponent, the New York Post reports.

THE SOUNDBITE

'AN IMPEACHMENT REPORT' - "They wrote it for CNN, they wrote it for MSNBC. They wrote it for Nadler and Schiff and all the other reprobates. They wrote the report for them."– Mark Levin, on "Life, Liberty & Levin," arguing that the Mueller report was written for the "media and the "Democrats in the House of Representatives." (Click the image above to watch the full video.)

TODAY'S MUST-READS
Ocasio-Cortez impersonator, 8, takes on Green New Deal, socialism in adorable Twitter video.
Prince William wants Prince Harry, Meghan Markle 'as far away as possible': report.
Liz Peek: Democrats cling to the Russia probe because it’s all they’ve got.

MINDING YOUR BUSINESS
Stop & Shop, union workers resume negotiations in effort to end strike.
McDonald's ditches 'signature-crafted' burgers, simplifies menu.
Relocating retirees: Where Americans are moving to retire.

STAY TUNED

On Fox News:

Fox & Friends, 6 a.m. ET: . "Fox & Friends" will be live at the White House for the Easter egg roll. Special guests include: White House press secretary Sarah Sanders; Kellyanne Conway, counselor to President Trump; Mike Huckabee on the Sri Lanka Easter Sunday attacks; former Auburn coach Tommy Tuberville on running for Senate in Alabama. And on National Jelly Bean Day, a special look at President Reagan's love of the sweet snack.

On Fox Business:

Mornings with Maria, 6 a.m. ET: Robert D. Blackwill, Henry A. Kissinger senior fellow for U.S. foreign policy at the Council on Foreign Relations; Judge Andrew Napolitano, Fox News senior judicial analyst; Mark Penn, former adviser to Bill and Hillary Clinton.

Varney & Co., 9 a.m. ET: Sen. John Kennedy, R-La.

Countdown to the Closing Bell, 3 p.m. ET: David Kennedy, "The White Hat Hacker" and founder & CEO of security consulting firm TrustedSec.

On Fox News Radio:

The Fox News Rundown podcast: "Joe Biden Says He Is In" - Joe Biden is set to officially announce his 2020 presidential run this week. Chris Stirewalt, Fox News' digital politics editor, discusses Biden's strengths and weaknesses. Gianni Russo, actor-singer-businessman, shares stories from his new book "Hollywood Godfather: My Life in the Movies and the Mob." Plus, commentary by Howard Kurtz, host of "Media Buzz."

Want the Fox News Rundown sent straight to your mobile device? Subscribe through Apple Podcasts, Google Play, and Stitcher.

The Brian Kilmeade Show, 9 a.m. ET: Mary Walter guest-hosts. Special guests include: Ken Starr, former Whitewater independent counsel, on the debate over the Mueller report. Bill Waybourn, Tarrant County, Texas sheriff, on the illegal immigration crisis at the southern border.

#TheFlashback
2000: In a dramatic pre-dawn raid, armed immigration agents seize Elian Gonzalez, the Cuban boy at the center of a custody dispute, from his relatives' home in Miami; Elian is reunited with his father at Andrews Air Force Base near Washington.
1993: The U.S. Holocaust Memorial Museum is dedicated in Washington, D.C. to honor victims of Nazi extermination.
1970: Millions of Americans observe the first "Earth Day."
1864: Congress authorizes the use of the phrase "In God We Trust" on U.S. coins.

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Have a good day! We'll see you in your inbox first thing Tuesday morning.

Source: Fox News National

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Bahrain mass trial raises deep concern: U.N. rights chief

UN High Commissioner for Human Rights Michelle Bachelet holds a news conference in Mexico City
UN High Commissioner for Human Rights Michelle Bachelet holds a news conference at Centro Cultural Espana in downtown Mexico City, Mexico April 9, 2019 REUTERS/Carlos Jasso

April 18, 2019

GENEVA (Reuters) – United Nations human rights chief Michelle Bachelet said on Thursday she was concerned that a Bahrain mass trial that revoked the nationality of 138 people this week had not met international fair trial standards.

A court in Western-allied Bahrain sentenced 139 people to jail on terrorism charges on Tuesday and revoked the citizenship of all but one of them, the public prosecutor said, in the latest mass trial in the Gulf Arab state.

“There are serious concerns that the court proceedings failed to comply with international fair trial standards, with a large number of the accused reportedly tried in absentia,” Bachelet said in a statement. Revocation of nationality can have serious consequences in daily life, including the denial of the right to health, education and freedom of movement, she added.

(Reporting by Stephanie Nebehay; Editing by Gareth Jones)

Source: OANN

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How Trump Can Help the Nation (and His 2020 Prospects)

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The chances of President Trump listening to or acting upon any re-election advice that I offer is slim to none. However, a course of action I’m about to suggest is actually more about presidential leadership and less about 2020 politics. But, since everything is about 2020 politics, let’s first dive into a Politico piece from Tuesday that chronicled Trump’s reaction to the Mueller report during a private Capitol Hill luncheon with Senate Republicans. The piece was headlined, “‘He's doing a victory lap’: Rejuvenated Trump pushes aggressive agenda post-Mueller.”

The “victory lap” quote was from Sen. Johnny Isakson of Georgia, but here is what I consider most significant:

“I look at this as sort of a new election. A fresh start,” said Sen. Lindsey Graham, a close Trump ally. He said Trump put it this way: “I’ve got this behind me now. It’s a fresh start. So let’s see what we can do — starting with health care.”

Whether the president has been offered a “fresh start” on his road to re-election is still legally and politically debatable, given that the entire Mueller report has yet to be released and other investigations continue. But, if Trump thinks and acts like he has been granted a fresh start, then, by golly, it is a fresh start.

Proof of his new attitude was seen Wednesday in the Drudge Report headline “Unshackled Trump May Attend White House Correspondents Dinner.” If true, that is tantamount to the action of a conquering king.

And, one can only imagine the exuberant sound bites that will emanate from his mouth during the first post-Mueller report rally in Grand Rapids, Mich., on Thursday night.

Hence, Trump’s perception of triumphing over his enemies is the foundational basis for the advice that I now offer him and his re-election campaign:

Give an Oval Office prime-time speech expressing his willingness to help heal a divided nation. Trump should ask all Americans to move beyond the Mueller report, leave the 2016 election in the rear-view mirror, and have a new attitude of working together to solve our nation’s most pressing problems.   

This is a golden opportunity to show presidential leadership. Just imagine the benefits of a speech that was at once contrite, humble and authentic in tone. The president has everything to gain by asking the American people for a new opportunity to be president of all Americans, not just his base. 

The speech should be billed as “State of the Union 2.0” with a message that Trump is willing to mend fences with the media, the intelligence community, Democrats, and his enemies at large, for the good of the nation.

Furthermore, he could offer to “smoke the peace pipe” with his “enemies” in the press by proposing a White House meeting with media leaders to reset their relationship, again, for the good of the nation. I would bet that media outlets whose credibility was damaged by Mueller’s findings would be receptive to the offer.

Imagine if a new “unshackled” Trump gave such a speech, showing that he was capable of more even-tempered traditional presidential leadership? The ratings would be record-breaking and Trump would love that.

Perhaps it would even increase his job approval rating. It currently stands at a static sub-44 percent with 51.9 disapproving, according to the RealClearPolitics polling average — even after Trump tweeted on Sunday, “No Collusion, No Obstruction, Complete and Total EXONERATION. KEEP AMERICA GREAT!”

Unfortunately, less than 24 hours later, that elation translated into troubling overreach when Tim Murtaugh -- the communications director for Trump’s 2020 campaign -- sent a memo asking networks to ban well-known guests from the airwaves. Among the names listed were House Intelligence Committee Chairman Jerrold Nadler (D-N.Y.) and Judiciary Committee Chairman Adam Schiff (D-Calif.).

With memos like that, the president risks turning his new-found victory into defeat. After all, haven’t the American people had enough White House drama?

Therefore, a “fresh start” backed with a “healing” speech — while standing on a strong economy and his record of accomplishment — offers the president the opportunity to begin a new phase in his relationship with the American people, Congress, and the media.

Hey, Tim Murtaugh -- please consider my suggestion (a “wild” rally speech does not begin to qualify). But most important, and under no circumstances, should you use Trump’s “victory lap” as a justification for revenge. Such behavior is beneath the office of the president.

Myra Adams is a media producer and writer who served on the McCain Ad Council during the GOP nominee’s 2008 campaign and on the 2004 Bush campaign creative team.

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The Fall of The Democrats Is Here: Watch Them Eat Their Own

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Yen strengthens, shares skid on U.S. recession fears

Illustration photo of a Japan Yen note
A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration

March 24, 2019

By Swati Pandey

SYDNEY (Reuters) – The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favor on growing worries about an impending U.S. recession, sending global bond yields plunging.

In Asia, Nikkei futures pointed to a weak start for Japan. Australian shares fell 0.3 percent at the open while New Zealand’s benchmark index faltered 0.9 percent.

Investors also kept one eye on the details of a nearly two-year U.S. investigation which found no evidence of collusion between Donald Trump’s election team and Russia, in a major political victory for the U.S. President.

U.S. stock futures were marginally higher during early Asian hours.

On Friday, all three major U.S. stock indexes registered their biggest one-day percentage losses since Jan.3 with the Dow sliding 1.8 percent, the S&P 500 off 1.9 percent and the Nasdaq dropping 2.5 percent.

Concerns about the health of the world economy heightened last week after cautious remarks by the U.S. Federal Reserve sent 10-year treasury yields to the lowest since early 2018. Adding to the fears of a more widespread global downturn, manufacturing output data from Germany showed a contraction for the third straight month.

In response, 10-year treasury yields slipped below the three-month rate for the first time since 2007. Historically, an inverted yield curve – where long-term rates fall below short-term – has signaled an upcoming recession.

“We have re-run our preferred yield curve recession models, which now suggest a 30-35 percent chance of a U.S. recession occurring over the next 10‑18 months,” said Tapas Strickland, markets strategist at National Australia Bank.

Typically a 40-60 percent probability sees a recession within the next 10-18 months, Strickland added, basing the analysis on previous recessions.

“The risk of a U.S. recession has risen and is flashing amber and this will keep markets pricing a high chance of the Fed cutting rates.”

Much of the concerns around global growth is stemming from Europe and China which are battling separate tariff wars with the United States. Political turmoil in Britain over the country’s exit from the European Union is also a major overhang for risk assets.

On Sunday, Rupert Murdoch’s Sun newspaper said in a front page editorial British Prime Minister Theresa May must announce on Monday she will stand down as soon as her Brexit deal is approved.

The British pound was last flat at $1.3209 after three straight days of wild gyrations. The currency slipped 0.7 percent last week.

Politics was also in focus in the United States.

The long-awaited Mueller report into whether Trump’s campaign colluded with Russia to help Trump defeat his Democratic opponent, Hillary Clinton, marked a major milestone of his presidency as he prepares for his 2020 re-election battle.

In currency markets, the Japanese yen – a perceived safe haven – held near its highest since Feb. 11. It was last off 0.1 percent at 110.04 per dollar.

The Australian dollar, a liquid proxy for risk play, was down for its third straight session of losses at $0.7072.

(Editing by Shri Navaratnam)

Source: OANN

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Vatican admits having secret guidelines for priests who father children

The Vatican is acknowledging the existence of a secret document containing guidelines for priests who break their celibacy vows and father children.

A Vatican spokesman confirmed—apparently for the first time—the existence of the document in response to a query from The New York Times.

“It is an internal document,” spokesman Alessandro Gisotti said, the Times reported Monday.

He said the 2017 document requests that the father leave the priesthood to “assume his responsibilities as a parent by devoting himself exclusively to the child,” according to the paper.

VATICAN DEFROCKS FORMER US CARDINAL MCCARRICK FOR SEX ABUSE

The number of children born to priests is unknown but the founder of a support group for children of priests said the group’s website had 50,000 users in 175 countries, the paper reported.

Sarah Thomas told CBS News she was 14 when she first met her father, a priest in England.

“My mother has been told to keep it a secret by the Church,” Thomas said.

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The reports come as Pope Francis prepares to host a four-day summit on preventing clergy sexual abuse, beginning Thursday.

Source: Fox News World

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Lara Trump rips ‘socialist’ 2020 Dems, dismisses Beto O’Rourke as ‘a great skateboarder’

President Trump's senior campaign adviser and daughter-in-law Lara Trump said the Democrats aiming to unseat the president in 2020 were succumbing to the pull of socialism -- and she took a swipe at Beto O'Rourke in her interview that aired Sunday on Fox News.

“He’s a great skateboarder,” she said about O'Rourke, noting he’s really cool and fun to see, but no more than a flash in the pan. “We don’t worry about Beto.”

She also noted about the Democratic field, “I don’t know what they are running on except socialism.”

Trump told Fox News' Steve Hilton on "The Next Revolution" that following the Mueller report, “It’s time for the country to move on.”

She said her father-in-law is a legitimate president and questioned why the mainstream media and liberals seemingly wanted an American president colluding with Russia.

A redacted version of Special Counsel Robert Mueller’s report on the Russia investigation is to be sent to Congress by mid-April and will not be shared with the White House beforehand, Attorney General William Barr said Friday.

Barr’s timeline, included in a letter to the chairmen of the House and Senate Judiciary Committees, set up a possible showdown with House Democrats, who are insisting they see the full report next week.

BIDEN REPORTEDLY DEBATES TAPPING STACEY ABRAMS AS RUNNING MATE FROM THE START – COULD IT BACKFIRE?

Lara Trump said with a booming economy, some of the lowest unemployment levels in history and wages rising, she's hoped the Mueller report doesn’t factor in the reelection.

“He’s doing such a great job as our president,” she said calling the spin and nonsense about Trump “disgusting” and “crazy.”

CLICK TO GET THE FOX NEWS APP

Last Tuesday the president hinted to reporters: “The Republican party will soon be known as the part of health care.”'

Lara Trump explained, “He wanted to fix health care because it’s not working for the people of this country.” She added Trump wants to own the issue himself.

Source: Fox News Politics

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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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