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
April 18,2020

Washington, Apr 18: The United States on Friday passed 700,000 confirmed coronavirus cases, according to a tally maintained by Johns Hopkins University.

With the highest number of cases and deaths of any country in the world, the US had recorded 700,282 cases of COVID-19 and 36,773 deaths as of 8:30 pm (0030 GMT Friday), according to the Baltimore-based university.

That marked an increase of 3,856 deaths in the past 24 hours, but that figure likely includes "probable" virus-linked deaths, which had not previously been counted.

This week, New York City said it would add 3,778 "probable" virus deaths to its official count.

The US Centers for Disease Control and Prevention gave a toll Friday night of 33,049 dead, including 4,226 probable virus-linked deaths.

The United States has seen the highest death toll in the world in the coronavirus pandemic, ahead of Italy (22,745 deaths) although its population is just a fifth of that of the US.

Spain has recorded 19,478 deaths, followed by France with 18,681.

Trump announces $19 billion relief for farmers amid COVID-19 epidemic

President Donald Trump on Friday announced a $19 billion financial rescue package to help the agriculture industry weather the staggering economic downturn sparked by measures to defeat the coronavirus.

Trump told a press conference the government "will be implementing a $19 billion relief program for our great farmers and ranchers as they cope with the fallout of the global pandemic."

The program will include direct payments to farmers, ranchers and producers who Trump said have experienced "unprecedented losses during this pandemic."

Agriculture Secretary Sonny Perdue said US farmers have been hit hard by a sharp shift in demand, as schools and restaurants close and more Americans eat at home.

That has disrupted the food supply chain, forcing farmers in many places to destroy dairy output and plow under crops that no longer have buyers.

"Having to dump milk and plow under vegetables ready to market is not only financially distressing, but it's heartbreaking as well to those who produce them," Perdue said.

Perdue said some $3 billion of the money would go to buying produce and milk from such farmers, and redistribute it to community food banks.

Millions of Americans have recently turned to food pantries for meals and groceries after losing their jobs.

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News Network
June 30,2020

Beijing, June 30: China said on Tuesday it was concerned about India’s decision to ban Chinese mobile apps such as Bytedance’s TikTok and Tencent’s WeChat and was making checks to verify the situation.

Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that (the Prime Minister Narendra Modi-led government of) India has a responsibility to uphold the rights of Chinese businesses.

India on Monday banned 59, mostly Chinese, mobile apps in its strongest move yet targeting China in the online space since a border crisis erupted between the two countries this month.

The apps are “prejudicial to the sovereignty and integrity of India, the defence of India, the security of state and public order", the ministry of information technology said in a statement, which came two weeks after 20 Indian Army personnel were killed in a violent clash on the India-China border in Ladakh.

The companies have been invited to offer clarifications before a government panel, which will decide whether the ban can be removed or will stay.

The move also came ahead of military and diplomatic talks between India and China scheduled this week.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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