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Toshiba to cut profit forecast in half

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Toshiba Corp. is preparing to cut its full-year profit forecast by at least half, hurt in part by higher expenses in its energy business, Nikkei Asian Review reported, without saying where its information originated.

Operating profit in the year that ends in March may range from 20 billion yen to 30 billion yen ($180 million to $270 million) when the Tokyo-based company posts results Wednesday, far below the 60 billion yen it projected in November, Nikkei reported.

Increased costs in sectors like energy are dragging down earnings from core operations and the company will book additional reserves to help adjust to the situation, the report said. In November, Toshiba pulled back from nuclear projects in the U.K. and bailed from a five-year misadventure in trading of liquefied natural gas, paying a Chinese company $806 million to take its interest in a U.S. LNG export venture.

There’s also been a drag on profit from its chips systems business, Nikkei reported, while adding that there are some bright spots in point-of-sale systems, railway systems and air conditioning operation.

Toshiba will maintain its medium-term plan targeting 400 billion yen in operating profit by the year ending March 2024, aided in part by its further push into the so-called internet of things, Nikkei reported.

Toshiba spokeswoman Midori Hara said a decision hasn’t been made on a profit revision, and the company plans to release its earnings report on Feb. 13.

Now read: New Toshiba SSD uses 96-layer 3D flash memory

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Trump allows attorney general to declassify information about origins of Russia probe

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FILE PHOTO – U.S. Attroney General William Barr passes President Donald Trump as he heads to the podium to speak during the presentation of Public Safety Medals of Valor to officers in the East Room of the White House in Washington, U.S., May 22, 2019. REUTERS/Carlos Barria

WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday issued an order allowing Attorney General William Barr to declassify any information Barr sees fit during his review of the events that prompted the FBI to open an investigation into links between the Trump campaign and Russia.

The order also directed leaders of the U.S. intelligence community and other departments and agencies to cooperate with Barr during his review.

Reporting by Steve Holland and Makini Brice; Editing by David Alexander

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Botswana To Resume The Hunting Of Elephants : NPR

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Elephants eat foliage at Botswana’s Mashatu game reserve in 2010.

Cameron Spencer/Getty Images


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Cameron Spencer/Getty Images

Elephants eat foliage at Botswana’s Mashatu game reserve in 2010.

Cameron Spencer/Getty Images

Botswana’s government is lifting a ban that protected its elephants from being hunted, part of a series of decisions that could have lasting impacts on the country’s conservation efforts.

In a letter to reporters, the Ministry of Environment, Natural Resources Conservation and Tourism referred to elephants as predators and said their numbers “appear to have increased.” It said a subcommittee found that conflicts between humans and elephants had risen, harming livestock and the livelihoods of Botswana’s people.

The announcement marked a sharp departure from the policies of former President Ian Khama, who suspended elephant hunting after data showed the population in decline. The ban took effect in 2014 but did not stop hunting in registered game ranches.

In May, Botswana’s newly elected president, Mokgweetsi Masisi, made international headlines for giving three African leaders stools made of elephant feet.

In June, he requested a review of the ban on hunting elephants.

His study group recommended “regular but limited elephant culling,” in addition to establishing elephant meat canning for pet food and other products. Among other conclusions, it recommended the government expand Botswana’s safari hunting industry.

Authorities said Thursday that the government accepted all recommendations except the regular culling of elephants and the establishment of meat canning. “This was rejected because culling is not considered acceptable given the overall continental status of elephants. Rather, a more sustainable method such as selective cropping should be employed,” the government said.

Conservationists around the world took to social media to denounce the government’s reversal on elephant hunting.

“Horrific beyond imagination,” said Paula Kahumbu, CEO of the Kenya-based WildlifeDirect. She said hunting was an archaic way to address the problems of living with mega fauna. “Africa, we are better than this,” she tweeted.

German organization Pro Wildlife wrote that hunting was a bloody sport, “#cruel, outdated, unethical and often undermining” conservation.

Other groups celebrated Botswana’s announcement, including Safari Club International, a U.S.-based organization that supports regulated trophy hunting.

President Paul Babaz called it “heartening” in a statement. “These findings clearly show that hunting bans actually hurt wildlife conservation; hunting is the key to providing the necessary revenue to fund anti-poaching efforts and on-the-ground conservation research,” he said.

Fewer than 400 elephant licenses will be granted annually, the government of Botswana announced on Twitter Thursday. It said it was planning for “strategically placed human wildlife conflict fences” and compensation for damage caused by wildlife. All migratory routes for animals that are not considered “beneficial” to Botswana’s conservation efforts will be closed, including an antelope route to South Africa.

Northern Botswana is home to Africa’s largest elephant population, according to the U.S. Fish & Wildlife Service. The population grew steadily from 80,000 in 1996 to 129,000 in 2014.

It happened as habitat loss and poaching devastated elephant populations across Africa. Between 2010 and 2012 alone, poachers slaughtered 100,000 African elephants, National Geographic reported.

Last September, the carcasses of 87 elephants were found close to a protected sanctuary in Botswana. They had been killed for their tusks.

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With both Houses of Parliament in place, it’s all eye…

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