If US maintains its sanctions, Kim Jong Un warns North Korea could consider change of tactics

Agencies
January 2, 2019

Pyongyang, Jan 2: Nuclear-armed North Korea wants good relations with the US but could consider a change of approach if Washington maintains its sanctions, leader Kim Jong Un warned in his New Year speech Tuesday after 12 months of diplomatic rapprochement. At a summit with US President Donald Trump in Singapore in June the two signed a vaguely worded pledge on denuclearisation of the Korean peninsula. But progress has since stalled with Pyongyang and Washington arguing over what that means.

"If the US fails to carry out its promise to the world... and remains unchanged in its sanctions and pressure upon the DPRK," Kim said Tuesday, "we might be compelled to explore a new path for defending the sovereignty of our country and supreme interests of our state".

He was willing to meet Trump again at any time, he added, "to produce results welcomed by the international community".

The North is demanding sanctions relief -- it is subject to multiple measures over its banned nuclear weapons and ballistic missile programmes -- and has condemned US insistence on its nuclear disarmament as "gangster-like".

Washington is pushing to maintain the measures against the North until its "final, fully verified denuclearisation".

Kim's speech "expressed his frustration with the lack of progress in negotiations so far", said former South Korean vice unification minister Kim Hyung-seok.

The North Korean leader "obviously had certain expectations that the US would take certain steps -- however rudimentary they are -- after the North blew up a nuclear test site and took other steps. But none of them materialised.

"He is faced with this urgent task to improve his 'socialist economy' -- which is impossible to achieve without lifting of the sanctions."

In marked contrast with January 1, 2018, when he ordered mass production of nuclear warheads and ballistic missiles, Kim said the North had "declared that we would no longer produce, test, use or spread our nuclear arsenal", calling for the US to take "corresponding measures".

The production pledge was a "significant evolution in leadership intent, if true", Ankit Panda of the Federation of American Scientists said on Twitter, but credibility was an issue.

"All this might offer is a temporary cap on warhead production as long as talks are on with the US -- to be withdrawn when sanctions relief doesn't arrive," he added.

The line was not included in the first English-language summary of the speech by the North's official KCNA news agency.

Kim spoke sitting in a dark leather armchair, in a large office lined with packed bookshelves and paintings of his predecessors, father Kim Jong Il and grandfather Kim Il Sung.

As he began speaking -- in a deep, gravelly voice and wearing a dark suit and blue tie -- a clock behind him read at moments after 12.

But at times during the address it was blurred out and towards the end of the half-hour broadcast it was close to 1, suggesting the speech was recorded in several takes.

The leader's New Year speech is a key moment in the North Korean political calendar, reviewing the past and setting out goals for the future.

The 2018 address was a crucial catalyst for the developments that followed.

It came after a year of high tensions when the North made rapid progress with its weapons development, carrying out its sixth nuclear test -- by far its most powerful to date -- and launching rockets capable of reaching the entire US mainland.

The two leaders had traded personal insults -- Trump mocked Kim as "Little Rocket Man", who in turn called him a "mentally deranged US dotard" -- and threats of war as fears of conflict rose.

In last year's speech Kim warned "the nuclear button is on my office desk all the time", but also offered to send a team to the forthcoming Winter Olympics in the South.

That opened the way for the South's dovish President Moon Jae-in to play the role of peace broker.

Seoul and Washington are in a security alliance and the US stations 28,500 troops in the South to protect it against its neighbour.

A rapid sequence of developments followed, with athletes and a senior delegation led by Kim's powerful sister going to the Pyeongchang Games in February, before Kim met Chinese President Xi Jinping in Beijing ahead of the Singapore summit with Trump.

Kim also met Moon three times in 2018 -- twice at the border truce village of Panmunjom and once in the North's capital -- and at the weekend vowed to meet Moon "frequently" this year.

South Korea on Tuesday reacted positively to Kim's speech, which came after Seoul and Pyongyang have pursued several reconciliation initiatives in recent months.

These include projects to upgrade the North's outdated rail infrastructure and reconnect it with the South.

"We welcome Kim's reaffirmation... for complete denuclearisation and permanent peace of the Korean peninsula as well as the improvement in North-South ties," Seoul's unification ministry said in a statement.

Much of Kim's speech Tuesday focused on North Korea's moribund economy, saying that improving people's lives was his top priority and tackling energy shortages was an urgent task.

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News Network
April 7,2020

London, Apr 7: British Prime Minister Boris Johnson was moved to the intensive care unit of a London hospital after his coronavirus symptoms worsened Monday, just a day after he was admitted for what were said to be routine tests.

Johnson was admitted to St. Thomas’ Hospital late Sunday, 10 days after he was diagnosed with COVID-19, the first major world leader to be confirmed to have the virus.

Downing Street said Johnson was conscious and did not require ventilation, but he was moved into intensive care in case he needs it later, his office said in a statement.

Britain has no official post of deputy prime minister, but Foreign Secretary Dominic Raab has been designated to take over should Johnson become incapacitated.

Hours earlier, Johnson tweeted that he was in good spirits and thanked the National Health Service for taking care of him and others with the disease.

“On the advice of my doctor, I went into hospital for some routine tests as I’m still experiencing coronavirus symptoms,″ Johnson said in the tweet. “I’m in good spirits and keeping in touch with my team, as we work together to fight this virus and keep everyone safe.″

The prime minister's spokesman said earlier Monday that Johnson had spent a comfortable night and remained in charge of government after being admitted to the hospital because his cough and fever persisted.

Johnson's spokesman, James Slack, refused to say what kind of tests Johnson was undergoing. He insisted that "the PM remains in charge of the government."

“He is receiving updates in hospital and is continuing to receive a (ministerial red) box" of files and briefing papers, Slack said.

Prime Minister Narendra Modi on Monday hoped that his British counterpart Boris Johnson, admitted to a hospital for treatment of coronavirus, finds himself in perfect health soon.

"Hang in there, Prime Minister @BorisJohnson! Hope to see you out of hospital and in perfect health very soon," the prime minister wrote on Twitter.

The 55-year-old leader had been quarantined in his Downing Street residence since being diagnosed with COVID-19 on March 26. He continued to preside at daily meetings on the outbreak until Sunday. He released several video messages during his 10 days in isolation urging Britons to stay home and observe social distancing measures to help slow the spread of the virus.

Speaking earlier at the government's daily coronavirus press briefing, Raab said Johnson was being “regularly updated," but said he had not spoken to him since Saturday.

“He's in charge, but he’ll continue to take doctors’ advice on what to do next," Raab said.

Politicians from all parties wished Johnson a quick recovery. Opposition Labour Party leader Keir Starmer tweeted: “Terribly sad news. All the country’s thoughts are with the Prime Minister and his family during this incredibly difficult time."

Johnson's fiancee, Carrie Symonds, who is pregnant, is herself recovering from coronavirus symptoms.

Johnson was admitted to the hospital as a message to the nation from Queen Elizabeth II was being broadcast Sunday evening. The 93-year-old monarch urged the public to show resolve and follow advice to stay inside.

Concerns had been growing about Johnson’s welfare ever since he posted a message Friday saying that he was feeling better, though was still feverish.

The virus causes mild to moderate symptoms in most people, but for some, especially older adults and the infirm, it can cause pneumonia and lead to death.

The government said Monday that 51,608 people had been confirmed to have the coronavirus in Britain, 5,373 of whom have died.

Derek Hill, a professor of medical imaging science at University College London, said that since COVID-19 causes difficulty breathing, one test performed on people with the disease is lung imaging with ultrasound or CT scans to see how badly they might be affected.

Hill said there are various types of breathing help, depending on the person and the difficulties.

“The reasons some people get seriously ill with COVID-19 while others have minor symptoms is not yet fully understood,″ Hill said. “But doctors managing these patients report that more men than women have serious problems, and patients who are overweight or have previous health problems are at higher risk."

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News Network
May 7,2020

Islamabad, May 7: Pakistan's COVID-19 cases have crossed 24,000 after 1,523 new infections were detected, while the death toll has jumped to 564 with 38 more people succumbing to the coronavirus, health officials said on Thursday.

Even as the country is seeing an increase in the number of coronavirus cases and fatalities, Prime Minister Imran Khan will discuss the easing of lockdown restrictions with his top aides on Thursday.

The Ministry of National Health Services said that out of the 24,073 total cases, Punjab reported 9,077, Sindh 8,640, Khyber-Pakhtunkhwa 3,712, Balochistan 1,495, Islamabad 521, Gilgit-Baltistan 388 and Pakistan-occupied Kashmir 76 cases.

After 38 more deaths on Wednesday, the total coronavirus patient death toll jumped to 564. Another 6,464 have recovered. A total of 1,523 new patients were added in a single day, the ministry.

So far, 244,778 tests have been conducted, including 12,196 in the last 24 hours, it said.

Prime Minister Khan will chair the National Coordination Committee (NCC) meeting on easing the lockdown restrictions in the country. The meeting will be attended by all chief ministers.

The issue was debated in the National Command and Operation Centre (NCOC) on Wednesday and in the Cabinet on Tuesday.

Planning Minister Asad Umar said that different proposals to allow certain businesses to open were prepared and will be presented before the Prime Minister for a final decision.

Earlier, Khan, undeterred by the mounting number of deaths and the new cases, announced that he was against a lockdown as it hits the poor people badly.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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