Kim Jong Un, The Princeling Taking A Diplomatic Turn

Agencies
March 28, 2018

Seoul, South Korea, Mar 28:  Six years after inheriting power from his father, Kim Jong Un has established his authority domestically, taken North Korea to unprecedented nuclear heights, and is now looking to flex his muscles abroad.

Kim's shock visit to Beijing -- traditionally Pyongyang's strongest backer, although the relationship has soured during his time in power -- is the first time he is known to have set foot outside the impoverished North since he assumed the leadership.

But Kim, who is in his mid-thirties, has repeatedly shown an ability to stamp an outsized footprint on the global stage without ever leaving home.

The third member of the Kim dynasty to rule the North, he has turned his country into a bona fide nuclear power with intercontinental ballistic missiles he says can reach across the globe, including the United States -- with state media regularly picturing him overseeing launches.

And he secured a major diplomatic breakthrough for his ostracised regime earlier this month when US President Donald Trump said he would be willing to hold summit talks with the young leader.

It is a marked contrast to the situation when he took over in his 20s, when he was considered untested, vulnerable and likely to be manipulated by senior figures in an opaque and ruthless country.

But he has proved his mettle in dealing harshly -- sometimes brutally -- with any sign of dissent, even at the highest levels, while maintaining an aggressively provocative stance with the international community.

Rivals purged

At home Kim has amassed absolute control over both the party and the military, at times ruthlessly purging potential rivals.

The most senior victim was his uncle and mentor Jang Song Thaek, who was suddenly executed in 2013, denounced by state media as "despicable human scum" and proclaimed guilty of a variety of colourful crimes and political sins.

Then there was the brazen daylight assassination last year of his half-brother Kim Jong Nam, sprayed with a deadly nerve agent as he walked through Kuala Lumpur's international airport, in a hit most analysts say could only have come from Pyongyang.

Rights groups say abuses are rampant in the North, where between 80,000 and 120,000 prisoners languish in political prison camps.

But Kim has also been keen to project a softer side, at least in official propaganda.

Unlike his father, who rarely smiled or spoke in public, the carefully vetted images of Kim Jong Un's heavily choreographed appearances show a more garrulous figure, laughing and joking with officers, soldiers and civilians during field trips, as well as giving speeches to packed halls of party functionaries.

He has noticeably modelled his image on that of his grandfather Kim Il Sung, appearing to mimic his hairstyle, dress, mannerisms and public speaking style.

Lap of luxury

But unlike the North's founder, whose youth was dominated by the anti-Japanese struggle, Kim Jong Un has led a life of luxury.

He was born to his father's third wife, Japan-born ethnic Korean dancer Ko Yong Hui, who is believed to have died of breast cancer in 2004.

Much of his early history is still surrounded in mystery -- so much so that even his precise date of birth is unclear.

Kim was sent to school in Switzerland, where he was looked after by his maternal aunt Ko Yong Suk and her husband.

School staff and friends, who were reportedly unaware that he was a member of North Korea's ruling family, remembered him as a shy boy who liked skiing, Hollywood tough guy Jean-Claude Van Damme and basketball.

He is said to have known that he would become North Korea's leader from his eighth birthday, when he received a general's uniform and the country's military top brass bowed to him.

But Kim only entered the public eye in 2008 when his father suffered a stroke and Pyongyang revved up plans for the nation's second dynastic succession.

Pyongyang is extremely sensitive and protective when it comes to the image of the ruling family, and Kim's father and grandfather are ubiquitous, their portraits adorning every home and office in the country while their bodies lie in state at the capital's Kumsusan Palace.

Despite his overseas education, Kim Jong Un is not known to have made any previous foreign trips since coming to power, and the most prominent American he has met is his basketball idol Dennis Rodman, who has made multiple visits to Pyongyang.

That makes Kim's journey to Beijing a diplomatic "coming out" ahead of planned summits with Trump and South Korea's President Moon Jae-in.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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News Network
July 9,2020

Washington, Jul 9: The United States recorded 55,000 new coronavirus cases in 24 hours on Wednesday (Thursday in Malaysia), a tally by Johns Hopkins University showed, bringing its total to 3,046,351 recorded infections since the pandemic began.

The country, the hardest-hit in the world, had earlier on Wednesday passed the grim milestone of three million infections. The actual number is likely far higher due to issues over getting tested in March and April.

The US also added an additional 833 virus deaths, bringing the death toll to 132,195, the Baltimore-based institution showed at 8.30pm (0030 GMT Thursday).

US President Donald Trump regularly downplays the numbers, attributing them to an increase in testing capacity during the month of June.

Coronavirus cases are surging in several southern hotspots including Texas, Florida, Louisiana and Arizona, but the pandemic has almost entirely receded from its former epicentre in New York and the north-east.

Several states have been forced to suspend their reopening processes or even reverse course, with some ordering bars to close again.

On Wednesday morning, Trump called on schools throughout the country to reopen in the fall, lashing out at his own top health agency to ease health and safety requirements aimed at slowing the spread of the virus, such as social distancing.

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News Network
May 15,2020

May 15: Global tensions simmered over the race for a coronavirus vaccine Thursday, as the United States and China traded jabs, and France slammed pharmaceuticals giant Sanofi for suggesting the US would get any eventual vaccine first.

Scientists are working at breakneck speed to develop a vaccine for COVID-19, the disease caused by the virus, which has killed more than 300,000 people worldwide and pummelled economies.

From the US to Europe to Asia, national and local governments are easing lockdown orders to get people back to work -- while fretting over a possible second wave of infections.

Increased freedom of movement means an increased risk of contracting the virus, and so national labs and private firms are labouring to find the right formula for a vaccine.

The European Union's medicines agency offered some hope when it said one could be ready in a year, based on data from clinical trials already underway.

But Marco Cavaleri, the EMA's head of vaccines strategy, acknowledged that timeline was a "best-case scenario," and cautioned that "there may be delays."

The race for a vaccine has exposed a raw nerve in relations between the United States and China, where the virus was first detected late last year in the central city of Wuhan.

Two US agencies warned Wednesday that Chinese hackers were trying to steal COVID-19 vaccine research -- a claim Beijing rejected as "smearing" its reputation.

US President Donald Trump, who has ratcheted up the rhetoric against China, said he doesn't even want to engage with Chinese leader Xi Jinping -- potentially imperilling a trade deal between the world's top two economies.

"I'm very disappointed in China. I will tell you that right now," he said in an interview with Fox Business.

"There are many things we could do. We could do things. We could cut off the whole relationship."

On Capitol Hill, an ousted US health official told Congress that the Trump government had no strategy in place to find and distribute a vaccine to millions of Americans, warning of the "darkest winter" ahead.

"We don't have a single point of leadership right now for this response, and we don't have a master plan," said Rick Bright, who was removed last month as head of the US agency charged with developing a coronavirus vaccine.

The United States has registered nearly 86,000 deaths linked to COVID-19 -- the highest toll of any nation.

World leaders were among 140 signatories to a letter published Thursday saying any vaccine should not be patented and that the science should be shared among nations.

"Governments and international partners must unite around a global guarantee which ensures that, when a safe and effective vaccine is developed, it is produced rapidly at scale and made available for all people, in all countries, free of charge," it said.

But a row erupted in France after drugmaker Sanofi said it would reserve first shipments of any vaccine it discovered to the United States.

The comments prompted a swift rebuke from the French government -- President Emmanuel Macron's office said any vaccine should be treated as "a global public good, which is not submitted to market forces."

Sanofi chief executive Paul Hudson said the US had a risk-sharing model that allowed for manufacturing to start before a vaccine had been finally approved -- while Europe did not.

"The US government has the right to the largest pre-order because it's invested in taking the risk," Hudson told Bloomberg News.

Macron's top officials are scheduled to meet with Sanofi executives about the issue next week.

The search for a vaccine became even more urgent after the World Health Organization said the disease may never go away and the world would have to learn to live with it for good.

"This virus may become just another endemic virus in our communities and this virus may never go away," said Michael Ryan, the UN body's emergencies director.

The prospect of the disease lingering leaves governments facing a delicate balancing act between suppressing the pathogen and getting their economies up and running.

In the US, more grim economic data emerged Thursday, with nearly three million more Americans applying for unemployment benefits.

That takes the overall total to 36.5 million -- more than 10 percent of the US population.

Further signs of the damage to businesses emerged when Lloyd's of London forecast the pandemic will cost the global insurance industry about $203 billion.

European markets closed down, but Wall Street rallied despite the new jobless claims. In a sign of progress, the New York Stock Exchange trading floor was due to reopen on May 26.

The reopening of economies continued in earnest across Europe, where the EU has set out proposals for a phased restart of travel and the eventual lifting of border controls.

"Maybe it's a mistake, but we have no choice. Without tourists, we won't get by!" Enrico Facchetti, a 61-year-old former goldsmith, said of Venice's reopening.

Japan -- the world's third largest economy -- lifted a state of emergency across most of the country except for Tokyo and Osaka.

And Canadian Prime Minister Justin Trudeau said national parks would partially reopen on June 1.

But in Latin America, the virus continued to surge, with a 60 percent leap in cases in the Chilean capital of Santiago.

Authorities said 2,000 new graves were being dug at the main cemetery.

South Sudan reported its first COVID-19 death on Thursday.

And in Bangladesh, the first case was confirmed in the teeming Rohingya refugee camps in Bangladesh, which are home to nearly one million people.

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