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

If The Dems Want Them They Can Have Them!

I’m not sure why it took so long to recognize that the Democrats wanted the endless supply of illegals to themselves.

President Trump announced he is going to try to give them what they want but now the Democrats are vigorously defending against it.

Of course they are, it doesn’t fit the plan.

How are they going to turn those red states blue and champion the United Nation’s Replacement Migration plan while their precious Sanctuary Cities crumble?

Cher tweeted an urgent message of sudden coherence in response to President Trump’s proposal, saying, “I Understand Helping struggling Immigrants, but MY CITY (Los Angeles) ISNT TAKING CARE OF ITS OWN. WHAT ABOUT THE 50,000+ Citizens WHO LIVE ON THE STREETS. PPL WHO LIVE BELOW POVERTY LINE & HUNGRY? If My State Can’t Take Care of Its Own (Many Are VETS) How Can it Take Care Of More?”

Cher is right to be concerned.

According to the Migration Policy Institute, Los Angeles has taken in at least 10 percent of the United States’ population of illegal immigrants.

Second on that list, Harris County, Texas is fueling a blue wave that is gradually heading into central Texas.

What’s more, as illegal aliens replace Americans in the heartland, they also replace them in the suburbs as the Atlantic reported way back in 2014: “In 2000, more than half of immigrants lived in the suburbs of the nation’s largest metros. That number is now up to 61 percent, as more immigrants migrate to suburban communities instead of urban centers, according to census data from 2000-13 analyzed by the Brookings Institution.”

The Democrats want to silence the vote and voice of Americans ad it’s never been clearer than it is today.

Let’s fill their precious Sanctuary Cities until they realize what a crisis truly is.

Source: InfoWars

0 0

Unearthed 1987 Video May Explain Biden’s Creepiness

Super Male Vitality

Limited Advanced Release

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Super Male Vitality

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

DNA Force Plus

149.95

59.80

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=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

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=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

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=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

Source: InfoWars

0 0

Motorcycling: Rins takes first win in Texas as Marquez crashes out

FILE PHOTO: Qatar Grand Prix
FILE PHOTO: MotoGP - Qatar Grand Prix - Losail International Circuit, Lusail, Qatar - March 10, 2019 Team SUZUKI ECSTAR's Alex Rins during the race REUTERS/Ibraheem Al Omari

April 14, 2019

(Reuters) – Spaniard Alex Rins celebrated a surprise first MotoGP victory with Suzuki in Texas on Sunday as MotoGP champion Marc Marquez crashed out, ending a six-year winning streak at the Circuit of the Americas.

Starting on pole for a seventh year in succession, and chasing his seventh win in a row at the Austin circuit, Marquez lost control of his Honda and slid out on the ninth of 20 laps while leading by nearly four seconds.

Yamaha’s Italian great Valentino Rossi inherited the lead but could not hold off Rins, who went past on lap 17 and then held on to win by 0.462 seconds.

Australian Jack Miller finished a distant third for the non-works Pramac Ducati team, with Italian Andrea Dovizioso fourth on a factory Ducati to take the championship lead after three races.

Dovizioso has 54 points with Rossi on 51 and Rins moving up to third on 49. Marquez has 45.

(Reporting by Alan Baldwin, editing by Christian Radnedge)

Source: OANN

0 0

Volkswagen’s Audi to cut 10 percent of management positions: CEO in Handelsblatt

FILE PHOTO: The Audi booth displays the company logo at the North American International Auto Show in Detroit
FILE PHOTO: The Audi booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS/Jonathan Ernst/File Photo

February 20, 2019

FRANKFURT (Reuters) – Volkswagen’s premium auto brand Audi plans to eliminate one layer of management or about 10 percent of the division’s executive positions in a cost cutting drive, the unit’s chief executive told daily Handelsblatt.

“One thing is clear, our cost base is too high,” Audi CEO Bram Schot was quoted as saying.

He reaffirmed a target for a total of 15 billion euros ($17 billion) in cost savings through 2022.

Audi said in December it would invest 14 billion euros through 2023 in electric mobility, digitalization and autonomous driving.

The division is at risk of losing its position as VW’s leading development center as the parent explores potential technology alliances with Ford and other rivals.

Audi aims to reduce the number of engine types by one third and it is also in talks with shop stewards about stopping the night shift at its Ingolstadt factory, Schot was quoted as saying by Handelsblatt.

(Reporting by Ludwig Burger; Editing by Kirsten Donovan)

Source: OANN

0 0

New Jersey forest fire closes roads; smoke from blaze reported in New York City

A forest fire fueled by wind in southern New Jersey that has burned thousands of acres has sent billowing smoke far north enough that residents in New York are able to smell it.

The Ocean County Sheriff's Office said in a Facebook post the blaze was located in Burlington County just west of the Ocean County line.

"Smoke from this fire is blowing northward and can be seen in Toms River and points north," the agency said. "The Forest Fire Service, as well as many local fire departments, are on location."

WISCONSIN APARTMENT BUILDING CATCHES FIRE; ‘MIRACULOUS’ THAT ALL OCCUPANTS ACCOUNTED FOR, OFFICIAL SAYS

The blaze in Washington Township closed Route 72 in Barnegat between Routes 532 and 539 until further notice because of smoke, FOX29 reported.

The fire was burning through the Penn State Forest, which the New Jersey Department of Environmental Protected describes as "undeveloped wilderness" that attracts picnickers and hikers. The forest is part of the Pine Barrens, which contains several areas of pine and oak forest.

Larry Hajna, a spokesman for the DEP, told NJ.com the blaze named the "Spring Hill Wildfire" had grown to 5,000 acres by 10 p.m. on Saturday and was only 10 percent contained. The fire is burning in an area of woodlands with few structures, and no evacuations have been ordered.

CALIFORNIA TOWN DESTROYED BY FIRE ISSUES 1ST REBUILD PERMITS

The blaze was fueled by high winds in the area, which also sent the smoke northward. The smoke plume from the blaze was large enough to show up on radar, according to the National Weather Service.

The NWS' Mount Holly Office reported that residents in northern and central New Jersey reported smelling smoke, and said the reason it was not dispersing was because of "a nocturnal inversion."

"If you've ever burned some food in the kitchen and then had to either open windows and/or turn on fans to disperse the smoke, there is a similar concept going on here," the NWS said. "When an inversion is in place (temperatures are increasing with height) then any air below the inversion are trapped below the inversion. As a result, the air near the surface can't mix with air higher up or be dispersed by the stronger winds above the inversion."

That applies for anyone who may be downstream of the fire, where the smoke is being pushed by winds.

Many took to Twitter on Sunday morning to show the clouds of smoke from the blaze and report smelling smoke upwards of 50 miles away, including on New York's Staten Island.

CLICK HERE FOR THE FOX NEWS APP

The NWS said that conditions are expected to improve Sunday throughout the day as showers move through the area and a cold front shifts the winds offshore later in the day.

Source: Fox News National

0 0

Four EU countries to take rescued migrants after Med standoff

FILE PHOTO: Rescued migrants rest on rescue ship 'Alan Kurdi' off coast of Malta
FILE PHOTO: Rescued migrants rest on the migrant rescue ship 'Alan Kurdi', operated by German NGO Sea-Eye, during a delivery of supplies by the NGO Migrant Offshore Aid Station (MOAS) off the coast of Malta April 9, 2019. REUTERS/Darrin Zammit Lupi/File Photo

April 13, 2019

VALLETTA (Reuters) – Four European Union countries have agreed to take in 64 African migrants rescued by the German ship Alan Kurdi and stranded at sea for almost two weeks, the Maltese government announced on Saturday.

The ship, operated by the humanitarian organization Sea-Eye, had been refused entry by Italy and Malta, but two migrants were evacuated to Malta earlier this week because of poor health.

Both countries had insisted it was Libya’s responsibility to take in the boat, Sea Eye said earlier in the week.

The Maltese government said that through the coordination of the European Commission, the migrants will be redistributed among Germany, France, Portugal and Luxembourg.

“None of the migrants will remain in Malta. The ship Alan Kurdi will not be allowed to enter Malta,” the government said.

“Once again the smallest member of the European Union was put under unnecessary pressure, being asked to resolve a case which was neither its responsibility nor its remit,” the government added.

“A solution was found in order not to let the situation deteriorate further while making it clear Malta cannot keep shouldering this burden.”

In March, Malta received 108 migrants after the small tanker which rescued them was hijacked by some of the migrants themselves. Maltese soldiers stormed the vessel and escorted it to Malta.

Three teenagers have since been taken to court and are under arrest. 

(Reporting by Chris Scicluna; Editing by Jan Harvey)

Source: OANN

0 0

Commerzbank stake sale would cost German taxpayers billions of euros

FILE PHOTO: Outside view of the Deutsche Bank and the Commerzbank headquarters in Frankfurt
FILE PHOTO: Outside view of the Deutsche Bank and the Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo

April 3, 2019

By Holger Hansen

BERLIN (Reuters) – German taxpayers would lose billions of euros if the state sold its stake in Commerzbank ahead of a possible merger with Deutsche Bank, a government document showed, highlighting the risks of government involvement in the sector.

Berlin owns 15.6 percent in Commerzbank after a bailout a decade ago, and lawmakers have called on Finance Minister Olaf Scholz to get rid of the stake to avoid future risks for the budget if Commerzbank should merge with its larger rival.

Deutsche and Commerzbank said last month that they were in talks to merge.

In an answer to a parliamentary request seen by Reuters, the Finance Ministry said that the Commerzbank share price, or the price offered in any takeover deal, would have to be some 26 euros to avoid a loss for the state.

The Commerzbank shares are currently worth some 7 euros.

Lisa Paus, budget lawmaker of the opposition Greens, said the Finance Ministry’s answers showed that the government’s loss currently stands at 3.7 billion euros ($4.16 billion), though it is unrealized.

“The bailout of banks has cost German taxpayers enormous sums of money in the past. Whoever believes that this is over now, is horribly mistaken,” Paus said.

“If the next big crisis hits, Deutsche Bank could turn into the next billion-euros grave for German taxpayers’ money,” Paus said, adding that she was against the merger.

Asked if the government had any plans to sell its Commerzbank stake in case of a merger, Finance Ministry official Bettina Hagedorn said that the government would not participate in any speculation regarding the outcome of the still ongoing merger talks between both banks, according to the document.

Scholz and his deputy Joerg Kukies are widely seen as having pushed behind the scenes for a merger between Deutsche and Commerzbank. But since both banks announced their merger talks, Scholz has repeatedly played down the government’s role.

The German government has been worried about Deutsche Bank, Germany’s largest lender, which has struggled to generate sustainable profits since the 2008 financial crisis.

Deutsche is trying to turn itself around under new leadership, but has faced hurdles such as allegations of money laundering and failed stress tests.

(Reporting by Holger Hansen; Writing by Michael Nienaber; Editing by Paul Carrel)

Source: OANN

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



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

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

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

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

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

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!

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

Title

Artist