Date, place set for North Korea summit: Trump

Agencies
May 5, 2018

Washington, May 05: President Donald Trump on Friday said the date and location have been set for a meeting with North Korean leader Kim Jong Un, building suspense for the unprecedented talks, as South Korea said it would oppose a withdrawal of US troops from the area.

The White House has said the first meeting ever between sitting US and North Korean leaders could take place in the coming weeks. Trump is to push North Korea to give up its nuclear weapons.

The demilitarized zone, or DMZ, between North and South Korea, and Singapore are among the top choices being considered for the summit. Trump this week expressed a preference for the DMZ but also said Singapore was possible.

The Peace House at the DMZ was the venue for a meeting last month between Kim and South Korean President Moon Jae-in.

The White House announced that Trump will host Moon at the White House on May 22, in talks aimed at demonstrating allied unity before the Trump-Kim summit.

The Moon visit was announced after Trump's national security adviser, John Bolton, met with his South Korean counterpart, Chung Eui-yong, at the White House on Friday.

Chung told reporters afterward that it was "unacceptable that the issue of the US forces Korea keeps being raised."

The New York Times said Trump had asked the Pentagon for troop withdrawal options, although Trump said it was not true and Bolton called the report "utter nonsense."

"Now, I have to tell you, at some point into the future, I would like to save the money," Trump told reporters. "But troops are not on the table."

The White House said in a statement late on Friday that Bolton and Chung said there are no plans to change the US-South Korea bilateral defense posture.

Trump, a former reality TV star who likes to build suspense about upcoming presidential news, did not give a date or location for the North Korea summit, and White House officials did not immediately provide further clarity.

Trump told the National Rifle Association's annual convention in Dallas on Friday that he had toned down his rhetoric in anticipation of the talks after labeling Kim "Little Rocket Man" last year and threatening him with "fire and fury."

"I won't use the rhetoric now," he said. "Now I'm trying to calm it down a little bit."

The US government is looking into reports that three Americans arrested in recent years in North Korea had recently been relocated from a labor camp to a hotel near Pyongyang, as expectations grow that they will be released before the summit.

White House spokeswoman Sarah Sanders said on Thursday that if North Korea were to free the three Americans, "We certainly would see this as a sign of good will" ahead of the Trump-Kim summit.

Trump, speaking to reporters outside the White House, suggested activity was under way involving the captives.

"We're having very substantive talks with North Korea and a lot of things have already happened with respect to the (US) hostages. I think you're going to see very good things," Trump said.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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News Network
April 27,2020

Riyadh, Apr 27: The government of Saudi Arabia has signed a SR995 million (approx. Dh972m) contract with China to provide Covid-19 tests for nine million people in the Kingdom.

The Saudi Press Agency, SPA, reported that the decision came "as a result of a phone call made today (Sunday) between the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Chinese President Xi Jinping."

The contract includes providing necessary equipment and supplies, making available of 500 Chinese specialists and technicians who are specialised in performing tests, establishing six large regional laboratories throughout the Kingdom; including a mobile laboratory with a capacity of performing 10,000 tests per day. Saudi cadres will also be trained to conduct daily tests and comprehensive field tests, under the new agreement

The contract was co-signed by the National Unified Procurement Company and Chinese company Huo-yan Laboratories by Dr. Abdullah Al Rabeeah, Advisor at the Royal Court, on behalf of the Government of Saudi Arabia, and Chinese Ambassador to the Kingdom Chen Weiqing, as a representative of the Chinese Government.

The contract is one of the largest contracts that will provide diagnostic tests for the novel Coronavirus.

Tests were also purchased from several other companies from the United States, Switzerland and South Korea, bringing the number of available tests to 14.5 million, covering around 40 percent of Saudi Arabia's population, SPA added.

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News Network
July 1,2020

Washington, Jul 1: The United States has approved four coronavirus vaccine candidates for clinical trials, Food and Drug Administration (FDA) head Stephen Hahn told reporters.

"Four vaccines have been approved for moving into clinical trials... and another six are in the pipeline for us to review," Hahn said during a press briefing on Tuesday.

The US Administration launched in May Operation Warp Speed, a joint project of Health and Defense Departments, which aims to deliver 300 million doses of a vaccine for COVID-19 by January 2021.

The country's top pandemics expert Anthony Fauci warned on Tuesday, however, that there is no certainty the United States will be able to develop a vaccine against COVID-19 that works and will be safe.

Data on vaccine effectiveness, he added, may be available in the winter or early next year.

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