Kim Jong-Un calls on North to mass-produce nukes, missiles

Agencies
January 1, 2018

Seoul, Jan 1: Kim Jong-Un urged North Korea to mass-produce nuclear warheads and missiles in a defiant New Year message today suggesting he would continue to accelerate a rogue weapons programme that has stoked international tensions.

Pyongyang dramatically ramped up its efforts to become a nuclear power in 2017, despite a raft of international sanctions and increasingly bellicose rhetoric from the United States.

Kim, who said today that he always had a nuclear launch button on his desk, has presided over multiple missile tests in recent months and the North's sixth and most powerful nuclear test -- which it said was a hydrogen bomb -- in September.

"We must mass-produce nuclear warheads and ballistic missiles and speed up their deployment," said Kim in his annual address to the nation, reiterating his claims that North Korea had achieved its goal of becoming a nuclear state.

The North says its weapons programme is designed to be able to target the US mainland and tested increasingly longer-range intercontinental ballistic missiles (ICBMs) throughout 2017.

US President Donald Trump has responded to each test with his own amplified declarations, threatening to "totally destroy" Pyongyang and taunting Kim, saying the North Korean leader was on "a suicide mission".

But far from persuading Kim to give up his nuclear drive, analysts say Trump's tough talk may have prompted the North Korean leader to drive through with his dangerous quest.

"(The North) can cope with any kind of nuclear threats from the US and has a strong nuclear deterrence that is able to prevent the US from playing with fire," Kim said today.

"The nuclear button is always on my table. The US must realise this is not blackmail but reality."

His comments come after a former top US military officer warned that the United States is now closer than it has ever been to a nuclear war with the North, with little hope of a diplomatic solution to the crisis.

Mike Mullen, a former chairman of the US joint chiefs of staff, said the Trump presidency had helped create "an incredibly dangerous climate", in an interview on ABC's "This Week".

"We're actually closer, in my view, to a nuclear war with North Korea and in that region than we have ever been," he said.

Pyongyang claims it needs nuclear weapons to protect itself from a hostile US and sees American military activities in the region -- such as the joint drills it takes part in with the South -- as a precursor to invasion.

As tensions spiked in the region in recent months, the international community has slapped a range of sanctions on the North aimed at curbing its weapons programme and squeezing the country's leadership.

In December the United Nations Security Council unanimously passed new, US-drafted sanctions to restrict oil supplies vital for the impoverished state.

The third raft of sanctions imposed last year, which the North slammed as an "act of war", also received the backing of China -- the North's sole major ally and economic lifeline.

But the embargoes have shown little sign of dampening Kim's enthusiasm for his weapons drive.

Observers say Washington must open talks with the North to defuse tensions -- but that remains a challenge.

The North has always said it will only deal with the US from a position of equality as a nuclear state.

Washington has long insisted that it will not accept a nuclear-armed North and Pyongyang must embark on a path towards denuclearisation before any talks.

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News Network
June 18,2020

Washington, Jun 18: US Defence officials are concerned over China's use of COVID-19 situation to gain stakes in strategically important companies of United States as the impact of novel coronavirus has left several companies in dire need of capital.

Amid the pandemic, it getting hard for the defence department to keep an eye on national security and help protect smaller companies down the chain, CNN reported.

"We are paying close attention to any indicators that China is leveraging Covid-19 to take advantage of a situation where defence companies need capital more than ever," a defence official told CNN.

In April, Ellen Lord, undersecretary of defence for acquisition and sustainment said it is paying close attention to 'adversaries' against the 'economic warfare' with the United States.

"We have to be very, very careful about the focused efforts some of our adversaries have to really undergo sort of economic warfare with us, which has been going on for some time," Ellen Lord, undersecretary of defence for acquisition and sustainment was quoted as saying by CNN.

US Committee on Foreign Investment protects its interest against hostile countries gaining ownership in strategically important companies. But the pandemic is changing the definition of national security concerns to include drugs, protective gear and medical supplies.

"These are now national security needs and we probably should have been thinking about it a long time ago in terms of biowarfare that we should have a trusted industrial base or a set of trusted allies -- the UK, or NATO allies or Japan or Korea -- who are trusted in that regard," Bill Greenwalt, a former Pentagon official.

Give the threat posed by foreign acquisition, Pentagon has been offering tools to help small US businesses defend themselves against adversarial investment and conducting background checks with other government agencies to ensure transparency.

US President Donald Trump's trade adviser Peter Navarro recently told CNN if Trump wins reelection, Washington DC will likely take offshore supply chains as national security priorities.

"If we fail to do that in the face of this crisis, we will have failed this country and all future generations of Americans," Navarro said.

The US State Department has also warned US allies to "avoid economic overreliance on China" and "guard their critical infrastructure" from China's influence.

Chad P Bown, a senior fellow at the Peterson Institute for International Economics, pointed to recent China's economic coercion of Australia on the political matter saying, "this is how China operates and everybody knows it."

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News Network
April 17,2020

Washington, Apr 17: The confirmed coronavirus death toll in the United States reached 32,917 on Thursday, according to a tally by Johns Hopkins University.

The toll as of 8:30 pm (0030 GMT Friday) marked an increase of 4,491 deaths in the past 24 hours, by far the highest daily toll in the pandemic so far.

But the figure likely includes "probable" deaths related to COVID-19, which were not previously included. This week, New York City announced it would add 3,778 "probable" coronavirus deaths to its toll.

As of Thursday night, the US Centers for Disease Control and Prevention had recorded 31,071 coronavirus deaths, including 4,141 "probable" virus deaths.

The US has the highest death toll in the world, followed by Italy with 22,170 dead although its population is just a fifth of that of the US.

Spain has recorded 19,130 deaths, followed by France with 17,920.

More than 667,800 coronavirus cases have been recorded in the United States, which has seen a record number of deaths over the past two days.

Meanwhile, President Donald Trump unveiled plans Thursday evening to reopen the US economy, allowing each state's governor "to take a phased deliberate approach to reopening their individual states".

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Agencies
June 16,2020

India continues to remain ranked 43rd on an annual World Competitiveness Index compiled by Institute for Management Development (IMD) with some traditional weaknesses like poor infrastructure and insufficient education investment keeping its ranking low, the international business school said on Tuesday.

Singapore has retained its top position on the 63-nation list.

Denmark has moved up to the second position (from 8th last year), Switzerland has gained one place to rank 3rd, the Netherlands has retained its 4th place and Hong Kong has slipped to the fifth place (from 2nd in 2019).

The US has moved down to 10th place (from 3rd last year), while China has also slipped from 14th to 20th place. Among the BRICS nations, India is ranked second after China, followed by Russia (50th), Brazil (56th) and South Africa (59th).

India was ranked 41st on the IMD World Competitiveness Ranking, being produced by the business school based in Switzerland and Singapore every year since 1989, but had slipped to 45th in 2017 before improving to 44th in 2018 and then to 43rd in 2019.

While its overall position has remained unchanged in the 2020 list, it has recorded improvements in areas like long-term employment growth, current account balance, high-tech exports, foreign currency reserves, public expenditure on education, political stability and overall productivity, the IMD said.

However, it has moved down in areas like exchange rate stability, real GDP growth, competition legislation and taxes.

Arturo Bris, Head of Competitiveness Center at IMD Business School, said India continues to struggle on the list and the recent country rating downgrade by Moody’s reflects the uncertainties regarding the economy’s future.

"In our ranking this year, we again emphasize the traditional weaknesses of India -- poor infrastructure, an important deficit in education investment, and a health system that does not reach everybody. For India to follow the path of China, it must stress its intangible infrastructure," Bris said.

"In a less global world, with China, USA, and Europe looking inwards, currencies like the rupee (and the Brazilian real for instance) are going to suffer and display high volatilities.

"Moody’s has threatened the country with a downgrade to junk and that would put India in a terrible position to attract foreign capital. So the urgency for the government should be to fix the short-term problems—and this requires to improve the credibility of the government itself," Bris added.

With the exception of Singapore, the Philippines, Taiwan and the Korean Republic, most Asian economies dropped in rankings this year, the IMD said.

The reason for the Asian economies’ less stellar performance as a region, this year is partly the result of the trade frictions between China and the US, particularly because these economies are highly dependent on trade with China.

About Singapore, which moved to the top rank last year, the IMD said its position is largely driven by the relative ease of setting up business, availability of skilled labour and its cutting-edge technological infrastructure.

The IMD said the impact of COVID-19 on the competitiveness ranking has partially been captured by executives’ opinions about the effectiveness of the different health systems.

In the ASEAN countries included in the survey, only Singapore and Thailand have a positive performance in the effectiveness of the health infrastructure.

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