Kim Jong-un visits China in his first known overseas trip since taking power in North Korea in 2011: Report

Agencies
March 27, 2018

Beijing, Mar 27: North Korea leader Kim Jong-un has visited China, Bloomberg reported on Monday, citing three unnamed sources, in what would be his first known overseas trip since taking power in 2011 and ahead of a potential summit with US president Donald Trump.

Details of his visit including its purpose and itinerary were not yet known, Bloomberg said. Japanese media reported earlier on Monday that a high-ranking Pyongyang official appeared to have arrived by train in Beijing.

Kyodo, citing sources close to the matter, said the visit of the official was intended to improve ties between Beijing and Pyongyang that have been frayed by North Korea’s pursuit of nuclear weapons and China’s backing of tough sanctions against North Korea at the United Nations Security Council.

The visit could not immediately be confirmed by news agency.

Footage from Nippon News Network, owned by Nippon TV, showed what an announcer described as a green train carriage with yellow horizontal lines, part of a 21-car train, similar to the kind that Kim’s late father, Kim Jong-il, rode when he visited Beijing in 2011.

Beijing has traditionally been the closest ally of secretive and isolated North Korea. But Kim is due to hold summit meetings separately with China’s rivals, South Korea and the United States.

“Such a visit would reflect China’s effort to get back in the game,” said Scott Snyder, a senior fellow at the Council on Foreign Relations think tank. “Xi would not tolerate being third in line to meet Kim.”

Asked earlier at a daily news briefing about reports of an important North Korean visitor arriving at the Chinese border city of Dandong, Chinese Foreign Ministry spokeswoman Hua Chunying said she was unaware of the situation.

Nobody answered the telephone at the North Korean embassy in Beijing on Monday evening.

“The government is closely communicating with relevant countries and monitoring the situation,” South Korea’s presidential Blue House said in a statement via a messaging app earlier on Monday.

Asked about the report that Kim was in China, White House spokesman Raj Shah told reporters on Monday: “We can’t confirm those reports. We don’t know if they’re necessarily true.”

Kyodo, citing sources, reported that on Sunday, a special train that might have carried the official passed through Dandong. Two sources in northeastern China also told Reuters that a North Korean visitor had crossed into Dandong by train.

The rail journey between Dandong and Beijing covers more than 1,100 km (680 miles). It takes at least 14 hours by ordinary service, according to Chinese railway timetables.

Heavy security

On Chinese social media, some residents of Dandong said there had been high security around the train station there and said there were rumors that Kim was passing through.

Police tightened security along Beijing’s main east-west thoroughfare, Changan Avenue, mid-afternoon Monday, closing off the entrances to some of the buildings which face the road.

Police also cleared out all tourists from Tiananmen Square around the same time, which normally only happens when important meetings are happening in the Great Hall of the People, where top Chinese leaders often meet visiting heads of state.

There was a large security presence outside the Great Hall on Monday evening. Reuters reporters saw a lengthy motorcade, including a limousine with dark tinted windows, heading down Changan Avenue in the direction of the Diaoyutai State Guest House and away from the Great Hall of the People, flanked by a police escort on motor-bikes.

Also on Monday evening, the Beijing railway bureau warned on its microblog, without giving a reason, of multiple train delays of up to two hours in the Beijing region.

A source with ties to the Chinese military told Reuters that it was “not possible to rule out the possibility” that Kim was visiting Beijing, but cautioned this was not confirmed.

A diplomatic source told Reuters that there was heavy security around the Diaoyutai State Guest House, where some high level foreign visitors stay during visits to the city. Other diplomatic sources said they were aware of the speculation that Kim was visiting but were not able to immediately confirm it.

Visits to China by Kim Jong-il were only confirmed by both China and North Korea once he had left the country.

Kim Jong-il traveled by private train during his rare visits to China or Russia under tight security. Diplomats and other sources have said Kim Jong-il avoided flying for overseas trips due to security concerns.

The younger Kim, who was educated in Switzerland, is not known to have any fear of flying and state media have shown pictures of him aboard a plane. However, he is not known to have traveled outside the country since assuming power in late 2011 after his father’s death.

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News Network
February 9,2020

New Delhi, Feb 9: Calling India a "long-standing friend", Sri Lankan Prime Minister Mahinda Rajapaksa on Saturday thanked Prime Minister Narendra Modi for visiting his country in the aftermath of last year's Easter Sunday terror attacks and outlined that New Delhi has always helped Colombo in its fight against terrorism.

In a joint press briefing with PM Modi, Mahinda Rajapaksa said he hopes that India will continue to help Sri Lanka fight terrorism.

Mahinda Rajapaksa expressed his gratitude to PM Modi for the neighbourhood first policy and the priority India gives to Sri Lanka.

"We had agreed that our cooperation is multifaceted and priority is given to a number of areas including security, economy, culture and social sectors. Part of our discussions centered on cooperation with regard to the security of the two countries. India has always assisted Sri Lanka to enhance our capacity, capabilities in intelligence and counter-terrorism. We look forward to getting continued support in this regard," he said.

"I thank the Prime Minister for visiting Sri Lanka in the aftermath of the Easter Sunday terror attacks that provided us with immense strength to come to terms with the tragedy. We also appreciate Prime Minister Modi's $400 million line of credit to enhance the economy of Sri Lanka and another $50 million line of credit for fighting terrorism," he added.

The Sri Lankan president urged PM Modi to consider further assistance to expand housing projectS all over Sri Lanka to benefit people from rural areas.

"The Prime Minister and I discussed how Sri Lanka and India can work together in the field of economy. India is among the world's fastest growing economies. I discussed with PM Modi how Sri Lanka could benefit from certain economic sectors where India is in a strong position," he said.

Concluding his statement, Mahinda Rajapaksa said, "India is our closest neighbour and a long-standing friend. The close historical links...provided a solid foundation to our ties."

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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News Network
February 4,2020

Feb 4: Americans on Monday kicked off the first vote of the 2020 presidential race as the midwestern state of Iowa began its caucuses, the closely-watched first step in deciding which Democrat will face incumbent Donald Trump in November's election.

The two frontrunners, left-wing Senator Bernie Sanders and former Vice President Joe Biden face a key test in the sparsely populated state, with a handful of others looking to make their mark to give their campaigns momentum.

The Iowa vote is a critical early look at the viability of the 11 Democratic candidates still in the race - even though just 41 Iowa delegates are up for grabs, a fraction of the 1,991 needed to secure the party nomination in July.

Iowa Democrats filed into nearly 1,700 caucus sites - schools, libraries, churches, mosques and meeting halls with Sanders and Biden in the lead in the state, followed by former South Bend, Indiana mayor Pete Buttigieg and Senator Elizabeth Warren, who is also on the left of the party.

But polling has fluctuated and Iowa's quirky caucus system - where voting is not by secret ballot but by public declaration for a candidate - makes the night hard to predict.

Luke Elzinga, a volunteer for Sanders, appeared early at Lincoln High School in Des Moines which was converted into a caucus location.

"I think he really inspires a lot of young people, a lot of disaffected voters who might not otherwise turn out," Elzinga, 28, told AFP news agency shortly before the caucusing began.

"And so I think he's the best candidate to beat Trump."

Three candidates - Sanders, Warren and Amy Klobuchar - have faced the unprecedented scenario of spending much of the past two weeks tethered to Washington for the impeachment trial of Trump instead of on the campaign trail in Iowa.

Even as candidates sought to make 11th-hour impressions on undecided voters, the senators were obligated to return to Washington for the trial's closing arguments on Monday.

Defeating Trump

In a vote scheduled for Wednesday, Trump is almost certain to be acquitted by the Republican-led upper house on charges of abuse of power and obstruction of Congress.

For Democrats, second-tier hopefuls Klobuchar and tech entrepreneur Andrew Yang look to outpace expectations and seize momentum heading into the next contest in New Hampshire on February 11.

Earlier on Monday Biden - who still holds the lead in national polls - brought pizza to a field office in a strip mall near Des Moines to thank volunteers.

"I'm feeling good about today," he said.

Like many candidates, Biden spent the weekend crisscrossing Iowa in a final push to convince undecided voters he is best placed to accomplish Democrats' number one goal: defeating Trump.

The president has not stood idly by. On Sunday he branded Biden "Sleepy Joe" and described Sanders as "a communist," previewing a likely line of attack were Sanders to win the nomination.

Unlike secret ballot voting, caucus-goers publicly declare their presidential choice by standing together with other supporters of a candidate.

Candidates who reach 15 percent support earn delegates for the nomination race while supporters of candidates who fall short can shift their allegiance to others.

Turnout is critical, and candidates and their representatives will seek to persuade voters on issues including healthcare, taxes and ending Washington corruption.

One key candidate who has opted not to contest in Iowa is billionaire businessman Michael Bloomberg, who entered the race in November but has surged into fourth place in RealClearPolitics' national polling average.

The former New York mayor, who has spent more than $300m on advertising, according to Advertising Analytics, is focused on running a national campaign with particular emphasis on states that vote on "Super Tuesday," on March 3.

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