Kim and Trump are fighting like kindergarten kids: Russia

Agencies
September 23, 2017

Washington, Sept 23: An escalating war of words between Donald Trump and Kim Jong-Un ratcheted up a notch on Friday as the US president dubbed North Korea's leader a "madman," a day after the reclusive regime hinted it may explode a hydrogen bomb over the Pacific Ocean.

Hours earlier, in a rare personal attack, Kim took aim at Trump, branding him "mentally deranged" and a "dotard", and warning he would "pay dearly" for his threat to destroy North Korea if challenged, uttered before the United Nations General Assembly.

The verbal clash came a day after Washington announced tougher sanctions aimed at curbing North Korea's nuclear and ballistic missile program, on the heels of a Trump speech in which he which he nicknamed Kim "Rocket Man" and declared him to be on a "suicide mission."

"Kim Jong Un of North Korea, who is obviously a madman who doesn't mind starving or killing his people, will be tested like never before!" Trump posted early Friday in the first of a barrage of unrelated tweets.

Kim had delivered a tongue-lashing of his own -- vowing to "surely and definitely tame the mentally deranged US dotard with fire," in an address read out on state television by a star news anchor before a still image of Kim at his desk.

Trump "insulted me and my country in front of the eyes of the world and made the most ferocious declaration of a war in history", Kim said, according to the official Korean Central News Agency.

"I will make the man holding the prerogative of the supreme command in the US pay dearly for his speech."

Russia and China have both appealed for an end to the escalating rhetoric between Washington and Pyongyang, and Moscow's Foreign Minister Sergei Lavrov complained that that scrap resembled a "kindergarten fight between children."

"We have to calm down the hot heads and understand that we do need pauses, that we do need some contacts," Lavrov told a news conference after his address to the General Assembly.

On the fringes of the world meeting, North Korean Foreign Minister Ri Yong-ho told reporters Pyongyang might now consider detonating a hydrogen bomb outside its territory.
"I think that it could be an H-bomb test at an unprecedented level perhaps over the Pacific," he said -- while adding: "It is up to our leader so I do not know well."

Washington on Thursday authorized a tough new raft of sanctions in the latest effort to tighten the screws on Pyongyang over its banned weapons programs, following its sixth nuclear test -- the largest yet -- and the firing of two missiles over Japan in recent weeks.

Trump's executive order, which prohibits firms from operating in the United States if they deal with North Korea, came after the UN Security Council agreed its own further set of sanctions aimed at reducing Pyongyang's ability to trade with the outside world.

But analysts say the sanctions show no signs of working and cautioned that the increasingly ill-tempered and personal exchanges between Washington and Pyongyang did not augur well.

"There are some very dangerous things that could come to that move this from theatre to reality. This is the time to be heading them off, not making them feel inevitable," said John Delury of Yonsei University in Seoul.

Washington has refused to offer incentives to bring Pyongyang to the negotiating table, despite appeals to do so from China and Russia, who are both uneasy over Trump's bellicose tone.

However, in a meeting with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in, Trump suggested the door to dialogue remained open. "Why not?" he said when asked whether there could be talks with Pyongyang.

China wields the most influence on North Korea, providing an economic lifeline. But it also fears the consequences if the regime collapses, such as an exodus of refugees or a US-allied, reunited Korea on its border.

"Negotiation is the only way out and deserves every effort," Chinese Foreign Minister Wang Yi told the General Assembly.

The sentiments were echoed by Russian Foreign Minister Sergei Lavrov, who said: "military hysteria is not just an impasse, it's disaster."

North Korean envoy Ri is expected to meet on Saturday with UN Secretary-General Antonio Guterres, who will send out feelers on possible diplomatic talks.

But Chung Sung-Yoon, an analyst at the Korea Institute for National Unification, told AFP that the North itself may have shelved the idea of negotiations until it reaches its nuclear goal.

"People say this is all part of its brinkmanship strategy to force the US to come forward for negotiation. But the North is leaving too little room for the US to do so with the latest series of threats and provocations," he said.

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News Network
April 24,2020

Washington, Apr 24: The number of coronavirus cases in the US has surpassed 850,000, Johns Hopkins University Coronavirus Resource Center data revealed on Thursday (local time).
The country now has registered 8,56,209 cases overall, according to the data, including 47,272 deaths.

The US currently leads the world in the number of reported COVID-19 deaths and confirmed cases.

There are more than 2.6 million COVID-19 cases around the world and more than 1,85,000 deaths, according to the data.

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News Network
February 29,2020

New Delhi, Feb 29: India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global Covid 19 coronavirus outbreak stifles growth in Asia’s third-largest economy.

The gross domestic product (GDP) data released yesterday showed government spending, private investment and exports slowing down, while there is a slight upturn in consumer spending and improvement in rural demand lent support.

The quarterly figure of 4.7% growth matched the consensus in a Reuters poll of analysts but was below a revised - and greatly increased - 5.1% rate for the previous quarter.

The central bank has warned that downside risks to global growth have increased as a result of the coronavirus epidemic, the full effects of which are still unfolding.

Prime minister Narendra Modi’s government has taken several steps to bolster economic growth, including a privatisation push and increased state spending, after cutting corporate tax rates last September.

In its annual budget presented this month, the government estimated that annual economic growth in the financial year to March 31 would be 5%, its lowest for last 11 years.

Modi’s government is targeting a slight recovery in growth to 6% for 2020/21, still far below the level needed to generate jobs for millions of young Indians entering the labour market each month.

The annual GDP figure for the September quarter was ramped up from an earlier estimate of 4.5%, while the April-June reading was similarly lifted to 5.6% from 5%, data released by the Ministry of Statistics showed on Friday.

Capital Investment Drop

In the December quarter, private investment grew 5.9%, up from 5.6% in the previous quarter, while government spending rose by 11.8%, against 13.2% in the previous three months.

However, corporate capital investment contracted by 5.2% after a 4.1% decline in the previous quarter, indicating that interest rate cuts by the central bank have failed to encourage new investment. Manufacturing, meanwhile, contracted by 0.2%.

“It appears growth slowdown is not just cyclical but more entrenched with consumption secularly joining the slowdown bandwagon even as the investment story continues to languish,” said Madhavi Arora of Edelweiss Securities in Mumbai.

Many economists said that the government stimulus could take four to six quarters of time before lifting the economy and the impact of those efforts could be outweighed by the global fallout from the coronavirus epidemic that began in China.

“The coronavirus remains the critical risk as India depends on China for both demand and supply of inputs,” said Abheek Barua, chief economist at HDFC Bank.

Indian shares sank on Friday for a sixth session running, capping their worst week in more than a decade. The NSE Nifty 50 index shed 7.3% over the week, while the Sensex dropped 6.8%, the worst weekly declines since the 2008-09 financial crisis.

Separately, India’s infrastructure output rose 2.2% year on year in January, data showed on Friday.

A spike in inflation to a more than 5-1/2 year high of 7.59% in January is expected to make the RBI hold off from further cuts to interest rates for now, while keeping its monetary stance accommodative.

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Agencies
July 13,2020

New Delhi, Jul 13: Google CEO Sundar Pichai on Monday announced an investment of Rs 75,000 crore or approximately US$10 billion into India over the next five to seven years through 'Google for India Digistation Fund'.

This move is significant as it comes in the middle of the COVID-19 pandemic and as multinational companies across the world look at alternative investment destinations.

"Excited to announce Google for India Digitisation Fund. Through it, we will invest Rs 75,000 crore or approx US$10 Billon into India over the next 5-7 yrs. We'll do this through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments," said Pichai.

Pichai along with Union Minister Ravi Shankar Prasad virtually attended the sixth annual edition of Google for India.

"This is a reflection of our confidence in the future of India and its digital economy," said Pichai.
He added that the investments will focus on four areas important to India's digitisation.

Listing out the areas, Pichai elaborated, "First enabling affordable access and information to every Indian in their own language. Second, building new products and services that are deeply relevant to India's unique needs. Third, empowering businesses as they continue or embark on the digital transformation. Fourth, leveraging technology in AI for social good in areas like health, education and agriculture."

"When I was young, every piece of technology brought new opportunities to learn and grow but I always had to wait for it to arrive from some places. Today people in India no more have to wait for technology to come to you. A whole new generation of technologies is happening in India first," said Pichai.

Earlier today Prime Minister Narendra Modi interacted with Pichai and discussed a range of subjects like a new work culture in coronavirus times, data security and cyber safety.

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