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President Trump: 'I don't want immigrants that will be dependent on welfare'

President Trump said in an interview released Monday that he does not want any immigrants to come to the United States who would be on welfare.

“I don’t want to have anyone coming in that’s on welfare,” Trump told Breitbart News.

“We owe a lot of money. We’re taking care of everybody in the world’s military. But now as you know I got over $100 billion from NATO countries," Trump said in the interview. "But that’s not enough, that’s not enough, we’re paying for massive portions of NATO."

[The Democrats will] take anybody into this country and we’re not allowing it.

— President Trump

Trump's comments came in response to questions citing a report by the Center for Immigration Studies that said "63 percent of households headed by a non-citizen reported that they used at least one welfare program" in 2014. However, some critics have challenged the numbers. The think tank describes itself as an "independent, non-partisan, non-profit, research organization" and has the slogan "low-immigration, pro-immigrant."

TRUMP RELEASES BUDGET SEEKING BILLIONS FOR BORDER WALL

Trump accused politicians and Democrats of being weak or having vested interests in allowing immigrants needing welfare assistance to come into the country.

“We have a problem, because we have politicians that are not strong, or they have bad intentions, or they want to get votes, because they think if they come in they’re going to vote Democrat, you know, for the most part," Trump said.

Speaking about the Democrats, he added, “They’ll take anybody into this country and we’re not allowing it, but because of the success of the country economically, some people say—I blame myself, but that’s a good blame not a bad blame—but because of the country’s success and you need workers here.”

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He continued: “You do need workers. You have homes in Houston, and they can’t get people to build the homes—and lots of other places. But because of what’s happened, and because of the people coming up, they want them to come in and they don’t care how they come in.”

The president concluded: “I don’t like the idea of people coming in and going on welfare for 50 years, and that’s what they want to be able to do—and it’s no good.”

Source: Fox News Politics

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Rod Rosenstein says it’s ‘completely bizarre’ to say William Barr is ‘trying to mislead people’ on Mueller report

Deputy Attorney General Rod Rosenstein defended attorney general William Barr’s handling of the Mueller report, just days after Barr testified before a House appropriations subcommittee.

In his first interview since the Mueller investigation wrapped up, Rosenstein said that he believed it was strange to say the attorney general was misleading the public on the highly-anticipated report.

COMEY SCOFFS AT BARR TESTIMONY, CLAIMS ‘SURVEILLANCE’ IS NOT ‘SPYING’

“He’s being as forthcoming as he can, and so this notion that he’s trying to mislead people, I think is just completely bizarre,” Mr. Rosenstein told the Wall Street Journal.

“It would be one thing if you put out a letter and said, ‘I’m not going to give you the report,’” Rosenstein said. “What he said is, ‘Look, it’s going to take a while to process the report. In the meantime, people really want to know what’s in it. I’m going to give you the top-line conclusions.’ That’s all he was trying to do.”

The deputy attorney general called on the public to have “tremendous confidence” in Barr and declined to say how the review of the report was going.

MEDIA TAKE ISSUE WITH AG BARR FOR SAYING 'SPYING DID OCCUR' ON TRUMP CAMPAIGN

During hearings on Capitol Hill this week, Barr defended his decision to send a letter to Congress detailing Mueller’s principal conclusions because the public would not have tolerated waiting weeks for information. Mueller concluded his nearly two-year Russia investigation in late March and submitted the nearly 400-page confidential report to Barr.

The attorney general sent his four-page letter to Congress two days later.

Barr wrote in his letter that Mueller found no evidence of Trump-Russia collusion despite efforts by "Russian-affiliated individuals to assist the Trump campaign." He also said that Mueller had not exonerated President Trump on the issue of obstruction of justice.

Barr said on Tuesday a redacted version of Mueller’s report will be made public within a week.

Rosenstein, 54, told the Wall Street Journal he hopes to begin a new job toward the end of the summer. Earlier this year, Trump announced he will nominate Jeff Rosen to replace Rosenstein deputy attorney general. President Trump has threatened to fire Rosenstein, who said he stayed in his position at the Department of Justice “at Barr’s request” saying, “For me, it’s a real privilege.”

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Rosenstein’s comments come after Barr said in Capitol Hill testimony that “spying did occur” against the 2016 Trump campaign. Former FBI Director James Comey claimed he had no idea what the Justice Department leader was talking about.

“I have no idea what he’s talking about so it’s hard for me to comment,” Comey said. “When I hear that kind of language used, it’s concerning because the FBI and the Department of Justice conduct court-ordered electronic surveillance. I have never thought of that as spying.”

Fox News’ Gregg Re, Brooke Singman and The Associated Press contributed to this report.

Source: Fox News Politics

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Fox: Starbucks Fears Boycotts, Protests If Ex-CEO Howard Schultz Runs For WH

Executives at Starbucks are preparing for a backlash against the coffee shop chain if former CEO Howard Schultz runs for president as an independent, which could take away some support for Democratic candidates in the race, according to a new report.

Fox Business Network's Charlie Gasparino reported Friday that Starbucks has kept tabs on activist groups and believes there could be organized protests and even boycotts of the company if Schultz announces his candidacy.

Starbucks is watching the social media accounts of some groups and has been told to expect some form of backlash in response to a Schultz campaign.

As of Friday, Forbes estimated Schultz's worth to be $3.8 billion. When he announced earlier this year that he was considering a White House run, the left mounted a strong pushback effort — to which Schultz was surprised.

A Democratic political operative told Gasparino, "Every activist I speak to talks about boycotting Starbucks if this guy goes through with his mid-life crisis and runs for something he can't win. If he goes through with it, there will be a backlash against him and the company."

Schultz, 65, was the Starbucks chairman and CEO from 1986-2000 and later from 2008-2017. He was the company's executive chairman from 2017-2018.

Source: NewsMax Politics

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Kellyanne Conway: Schiff Should 'Resign Today' Over Trump Claims

House Intelligence Committee Chairman Adam Schiff should "resign today" after insisting over the past two years that President Donald Trump would be impeached or indicted as a result of special counsel Robert Mueller's investigation, presidential counselor Kellyanne Conway said Monday.

"You have Adam Schiff, talk about an oxymoron, this man heads the Intelligence Committee in the House," Conway told Fox News' "Fox & Friends." "He ought to resign today. He has been on every TV show 50 times a day for practically the last two years, promising Americans that the president would be impeached or indicted."

Schiff said Sunday he trusts Mueller's determination there had been no evidence of collusion between Trump's 2016 campaign and Russia, but he thinks the full report and its underlying evidence should be made public.

Conway, who served as Trump's campaign manager toward the end of the 2016 race, said that people who spent the past two years "haranguing" and trying to embarrass those connected to the campaign owe Americans an apology.

"Those who spent 22 months, wasting their time, 2½ years since he was elected, are running out of time for 2020," Conway said. "They made Donald Trump look like the victim here . . . the head of the Democratic National Committee, Tom Perez, let me quote him, he said repeatedly there is a 'mountain of evidence of collusion between the campaign and the Russians.' This is a man whose own DNC along with Hillary Clinton's campaign first funded the phony dossier that got us to where we are."

Source: NewsMax America

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McConnell vows to be ‘grim reaper’ of socialist Dem proposals

Senate Majority Leader Mitch McConnell, known for years by the hardboiled moniker "Cocaine Mitch," told community leaders in his hometown Kentucky on Monday that he wants a new nickname to reflect what he plans to do to a slew of far-left progressive policy proposals: "grim reaper."

McConnell has long framed the upcoming 2020 elections as a referendum on what he has called the "full socialism on display" from prominent Democrat Party members, including New York Rep. Alexandria Ocasio-Cortez and presidential contenders Bernie Sanders, Elizabeth Warren, Cory Booker, Kirsten Gillibrand, and Kamala Harris.

On Monday, the longtime incumbent was positioning the Senate as a bulwark to defend capitalism, even in the event President Trump doesn't win re-election in 2020.

"You pass the Green New Deal and Medicare for All, you have fundamentally changed this country, fundamentally changed it into an unproductive place with significant unemployment and huge problems," McConnell told supporters in Owensboro, Kentucky. "I don't want you to think this is just a couple of nutcases running around on the fringe. This is pervasive policy view on the other side."

NYC MAYOR SAYS GREEN NEW DEAL WILL GET RID OF PESKY GLASS SKYSCRAPERS

McConnell added, according to multiple reports: "If I'm still the majority leader of the Senate after next year, none of those things are going to pass the Senate. They won't even be voted on. So think of me as the grim reaper. None of that stuff is going to pass. None of it."

Senate Majority Leader Mitch McConnell of Ky., arrives to speak to members of the media following a Senate policy luncheon on Capitol Hill, Tuesday, April 9, 2019, in Washington. (AP Photo/Andrew Harnik)

Senate Majority Leader Mitch McConnell of Ky., arrives to speak to members of the media following a Senate policy luncheon on Capitol Hill, Tuesday, April 9, 2019, in Washington. (AP Photo/Andrew Harnik)

McConnell brought Ocasio-Cortez's Green New Deal resolution to a vote in the Senate in March, and it did not secure a single affirmative vote from Democrats, who charged that the the move was a stunt. McConnell later admitted in an interview with Fox News' "Special Report with Bret Baier" that the vote was indeed "for show."

But it would be a grave mistake, McConnell warned Monday, to underestimate the threat posted by the "pervasive" rise of socialism.

"We are having a legitimate debate about the virtues of socialism, and I don't want you to think it's just a 28-year-old congresswoman from New York," McConnell said. "This is much broader than that. I've got five colleagues in the Senate, five colleagues running for president, who have signed on to the Green New Deal and Medicare For All."

"Think of me as the grim reaper."

— Senate Majority Leader Mitch McConnell

McConnell has also cautioned that Amy Klobuchar, a relative moderate 2020 Democratic contender who has called for a public option instead of universal Medicare, would similarly destroy the private insurance industry and cause major problems for the health care system.

McConnell, who first became a senator in 1985, is up for reelection in 2020, and he formally launched his campaign last week by emphasizing his work on tax cuts and federal judicial confirmations.

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But Democrats, including Senate Minority Leader Chuck Schumer, D-N.Y., have reportedly sought to recruit a challenger, despite apparent long odds.

Earlier this year, Matt Jones, a Kentucky sports radio personality who has weighed a bid against McConnell, told reporters that he wanted to see a new face in office.

“Somebody in Kentucky has got to step up and do this," Jones said. "And it will be a huge challenge, this guy is almost impossible to beat, but it’s possible."

Last month, a campaign to enlist former figher pilot Amy McGrath to run against McConnell began fundraising.

“There is incredible grassroots energy for Amy McGrath to run against Mitch McConnell,” Ryan Aquilina, who runs the Ditch Mitch project, said at the time. “We had one of our best days ever in terms of fundraising, and that proves in no uncertain terms just how much appetite there is for Amy to run and to defeat Mitch McConnell."

Source: Fox News Politics

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U.S. oil drillers cut rigs for first week in three: Baker Hughes

A pump jack operates in front of a drilling rig at sunset in an oil field in Midland
FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford

April 18, 2019

By Scott DiSavino

(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country’s largest oil fields, continue to shrink.

Drillers cut eight oil rigs in the week to April 18, bringing the total count down to 825, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Thursday.

Baker Hughes released the report a day early this week due to the Good Friday holiday.

The U.S. rig count, an early indicator of future output, is still a bit higher than a year ago when 820 rigs were active.

The rig count fell for the past four months and production growth in the Permian and other key shale basins have slowed as oil prices fell in the fourth quarter and many independent shale companies cut spending in the face of investor pressure to focus on earnings growth instead of increased output.

Major oil companies, like Exxon Mobil Corp and Chevron Corp, however, are boosting their presence, particularly in the Permian, the largest U.S. shale oil field.

U.S. crude oil output from seven major shale formations is expected to rise by about 80,000 barrels per day (bpd) in May to a record 8.46 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.

Although May’s total, if accurate, would be a record high, the increase continues a pattern of shrinking growth since February.

Since the start of the year, several independent producers have announced job cuts, including Encana Corp and Pioneer Natural Resources Co, while oilfield service company Schlumberger NV projected onshore domestic exploration and production investments will fall by 10 percent in 2019.

“Collectively, these are all signs that U.S. crude and natural gas production growth should moderate in the months ahead, following the trend of slowing rig activity that is starting to build,” said Trey Cowan, senior analyst at S&P Global Platts Analytics.

U.S. crude futures, meanwhile, traded near a five-month high of almost $65 per barrel for a second week in a row this week as a drop in crude exports from OPEC’s defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices. [O/R]

Looking ahead, crude futures were trading around $64 a barrel for the balance of 2019 and $61 in calendar 2020.

Year-to-date, the total number of oil and gas rigs active in the United States has averaged 1,039. That keeps the total count for 2019 on track to be the highest since 2014, which averaged 1,862 rigs. Most rigs produce both oil and gas.

Analysts at Simmons & Co, energy specialists at U.S. investment bank Piper Jaffray, however, forecast the average combined oil and gas rig count will slide from 1,032 in 2018 to 1,019 in 2019 before rising to 1,097 in 2020.

That is the same as Simmons predictions last week.

(Reporting by Scott DiSavino; Editing by Marguerita Choy)

Source: OANN

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Growth of Germany’s foreign population slows in 2018

The number of foreigners living in Germany increased by 2.7% last year, a slower rate than in previous years although there was a marked increase in the number of non-European Union citizens with work permits.

The Federal Statistical Office said Monday that nearly 10.92 million people with only foreign citizenship were registered residents at the end of 2018 in Germany, a country of 83 million. That was up from 10.62 million in 2017.

Germany's foreign population grew 11.7% in 2015 and 10.2% in 2016 amid an influx of migrants from conflicts in Syria, Iraq and elsewhere. It grew 5.8% in 2017.

The statistical office said some 266,000 non-EU citizens had work permits in Germany at the end of last year, up from 217,000 a year earlier.

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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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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