Donald Trump says prepared to meet North Korea’s Kim Jong-un in first-ever summit

Agencies
March 9, 2018

Washington, Mar 9: President Donald Trump said on Thursday he was prepared to meet North Korean leader Kim Jong Un for the first US-North Korea summit, marking a potentially dramatic breakthrough in nuclear tensions with Pyongyang.

Kim has committed to “denuclearisation” and to suspending nuclear or missile tests, South Korea’s National Security Office head Chung Eui-yong told reporters at the White House after briefing Trump on South Korean officials’ meeting with Kim on Monday.

“A meeting is being planned,” Trump tweeted after speaking to Chung, who announced that Trump expressed a willingness to sit down with Kim in what would be his biggest foreign policy gamble since taking office.

Chung said Trump, in response to Kim’s invitation, had agreed to meet by May, and a senior US official later said it could happen “in a matter of a couple of months, with the exact timing and place still to be determined.”

Trump has previously said he was willing to meet Kim under the right circumstances but had indicated that the time was not right for such talks. He mocked US Secretary of State Rex Tillerson in October for “wasting his time” trying to talk to North Korea.

Earlier Thursday, Tillerson had said on a visit to Africa that although “talks about talks” might be possible with Pyongyang, denuclearization negotiations were likely a long way off.

“Kim Jong Un talked about denuclearisation with the South Korean Representatives, not just a freeze,” Trump said in a message on Twitter on Thursday night. “Also, no missile testing by North Korea during this period of time.”

Trump added: “Great progress being made but sanctions will remain until an agreement is reached.”

A meeting between Kim and Trump, who have exchanged bellicose insults in the past year that have raised fear of war, would be a major turnaround after a year in which North Korea has carried out a battery of tests aimed at developing a nuclear-tipped missile capable of hitting the US mainland.

“Kim pledged that North Korea will refrain from any further nuclear or missile tests,” Chung said, apparently referring to a suspension during the duration of any talks.

“He expressed his eagerness to meet President Trump as soon as possible,” he said.

Trump’s aides have been wary of North Korea’s diplomatic overtures because of its history of reneging on international commitments and the failure of efforts on disarmament by the administrations of President Bill Clinton, President George W. Bush and President Barack Obama.

Under Clinton in October 2000, then-US Secretary of State Madeleine Albright held talks in Pyongyang with then-North Korean leader Kim Jong Il, the father of Kim Jong Un.

US officials and experts, speaking to Reuters before Thursday’s announcement, had cautioned that North Korea could buy time to build up and refine its nuclear arsenal, including a warhead able to survive re-entry into the Earth’s atmosphere, if it manages to drag out any talks with Washington.

JOINT MILITARY EXERCISES

Chung and National Intelligence Service chief Suh Hoon flew to Washington to explain North Korea’s stance on possible future talks with Washington and the prospect of Pyongyang suspending nuclear tests if the security of the North’s government is assured.

In what would be a key North Korean concession, Chung said Kim “understands that the routine joint military exercises between the Republic of Korea and the United States must continue.”

Pyongyang had previously demanded that such joint drills be suspended in order for any US talks to go forward.

Trump in the past has derided the North Korean leader as a “maniac,” referred to him as “little rocket man” and threatened in a speech to the United Nations last year to “totally destroy” his country of 26 million people if it attacked the United States or one of its allies.

Kim had responded by calling the US president a “mentally deranged US dotard.”

Trump has also been scathing in his criticism of previous US administrations for not doing more to rein in the North Korean government.

“He believes that he has them on the ropes, or at a disadvantage right now. They only made the gesture because they feel the pressure badly and so this a good time,” a second senior administration official said.

But US officials may also be wary since North Korea has yet to weigh in directly on its diplomatic offer and previous overtures from Pyongyang have sometimes carried demands that Washington has found impossible to accept, such as the withdrawal of US troops from South Korea.

Japanese Prime Minister Shinzo Abe said he confirmed in telephone talks with Trump that pressure still needed to be applied worldwide on North Korea.

Abe also told reporters he hoped to visit the United States as early as next month to meet Trump to discuss North Korea, among other issues.

“We welcome the change in North Korea’s stance”, Abe said. “Japan and the United States will not waver in its firm stance that they will continue to put maximum pressure until North Korea takes concrete action towards the complete, verifiable and irreversible end to nuclear missile development.”

A senior administration official said Trump agreed to meet Kim because Kim is the “one person who is able to make decisions under their authoritarian, uniquely authoritarian, or totalitarian system,” a senior administration official said.

Daniel Russel, until last April the assistant secretary of state for East Asia and the Pacific, the most senior US diplomatic position for Asia, noted there had still been no public comment from North Korea about the content of Monday’s meeting with the South Korean delegation.

“Let’s hear from the North Koreans themselves what they are proposing and what they are willing to do. There is plenty of reason to be cautious, given their track record,” Russel said. “Second, let’s read the fine print. The North has made peace overtures in the past that did not hold up under scrutiny.”

Tensions over North Korea rose to their highest in years in 2017, and the Trump administration has warned that all options are on the table, including military ones, in dealing with Pyongyang, which has pursued its weapons programs in defiance of ever tougher UN sanctions.

Signs of a thaw emerged this year, with North and South Korea resuming talks and North Korea attending the Winter Olympics. During the Pyongyang talks this week, the two Koreas agreed to hold their first summit since 2007 in late April.

South Korean President Moon Jae-in has said sanctions should not be eased for the sake of talks and that nothing less than denuclearization of North Korea should be the final goal for talks.

China’s foreign minister, Wang Yi, called on the United States and North Korea to hold talks as soon as possible, warning at a news briefing in Beijing on Thursday that things “will not be smooth sailing”.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
May 8,2020

Washington, May 8: Four top Republican senators have urged US President Donald Trump to suspend all-new guest worker visas for 60 days and some of its categories, including the H-1B visa, for at least the next year or until unemployment figures return to normal levels in the country.

The unemployment figures in the US have reached an all-time high due to the coronavirus pandemic. The letter has been signed by Senators Ted Cruz, Tom Cotton, Chuck Grassley and Josh Hawley.

"As you know, more than 33 million Americans have filed for unemployment coverage just since mid-March, and approximately one-fifth of the American workforce is currently out of work. This is a stunning difference compared with the historically-low nationwide unemployment rate of just 3.5 per cent in February this year," they said in their letter to the president on Thursday.

The letter, dated May 7, specifically calls for suspension of all non-immigrant guest worker visas for the next 60 days, followed by a continued suspension of certain categories of new non-immigrant guest worker visas for a year or until the national unemployment figures return to normal levels.

"To protect unemployed Americans in the early stages of economic recovery, we urge you to suspend all non-immigrant guest worker visas for the next 60 days," the senators said.

Exceptions to this suspension should be rare, limited to time-sensitive industries such as agriculture and issued only on a case-by-case basis, when the employers can demonstrate that they have been unable to find Americans to take the jobs, the senators wrote.

After 60 days, the senators urged Trump to continue to suspend new non-immigrant guest workers for a year or until the national unemployment figures return to normal levels, whichever comes first.

"That suspension should, at a minimum, include H-2B visas (non-agricultural seasonal workers), H-1B visas (specialty occupation workers) and the Optional Practical Training (OPT) program (extension of foreign student visas after graduation). We also urge you to suspend the EB-5 immigrant visa program, effective immediately," the lawmakers wrote.

The H-1B work visa for foreign technology professionals is highly popular among Indians and a large number of Indians also opt for the EB-5 investors visa.

The senators argued that there is no reason why unemployed Americans and recent college graduates should have to compete in such a limited job market against an influx of additional H-1B workers, most of whom work in business, technology or STEM fields.

"Temporarily suspending the issuance of new H-1B visas would also protect the hundreds of thousands of H-1B workers and their families already working in the United States -- workers who could otherwise be subject to deportation if they are laid off for more than 60 days," they said.

"Of course, appropriate exceptions could also be crafted to the H-1B program suspension to allow for doctors, nurses and other healthcare professionals who wish to come to the United States to assist in combating the coronavirus pandemic," the senators wrote.

Additionally, the United States ought to suspend its Optional Practical Training (OPT) programme, which allows foreign students in the country to extend their stay after graduation for one to three years to get "experience in the field" by taking jobs here, they wrote.

In 2019, more than 223,000 former foreign students had their OPT applications approved or extended. While the merits of such a programme are subject to debate, there is certainly no reason to allow foreign students to stay for three additional years just to take jobs that would otherwise go to unemployed Americans as the country's economy recovers, the lawmakers said.

The senators also urged Trump to remove the EB-5 visa from the exemptions in his Presidential Proclamation issued on April 22, at least until real reforms are adopted.

The EB-5 programme has long been plagued by scandal and fraud, and criticised as effectively functioning as a pay-for-citizenship scheme in many cases. There is no reason that the programme should receive preferential treatment as opposed to other green card programmes for employment-based immigrants, the lawmakers said.

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Agencies
July 14,2020

Jaipur, Jul 14: Sachin Pilot has been removed as Deputy Chief Minister and Rajasthan PCC Chief, announced Congress leader Randeep Singh Surjewala on Tuesday.

"Sachin Pilot, Vishvendra Singh and Ramesh Meena have been removed from the posts of Deputy Chief Minister and Ministerial posts respectively. Sachin Pilot has also been removed as the Rajasthan PCC Chief," said Surjewala.

Govind Singh Dotasra has been appointed as the new PCC chief, he added.

"Sachin Pilot, few Congress Ministers and MLAs got involved in the conspiracy to topple the Congress government by getting entangled within the trap of BJP," he added.

The decision was taken after a Congress Legislature Party (CLP) meeting at the Fairmont Hotel in Jaipur, Rajasthan earlier today.

The Rajasthan Congress is in turmoil over the past few days. While Chief Minister Ashok Gehlot has blamed the BJP for attempting to destabilise the State government by poaching MLAs, Deputy Chief Minister Sachin Pilot has been camping in Delhi.

A controversy broke out in Rajasthan after Special Operation Group (SOG) sent a notice to Pilot to record his statement in the case registered by SOG in the alleged poaching of Congress MLAs in the State.

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