N. Korea begins dismantling rocket test site: analysts

Agencies
July 24, 2018

Seoul, Jul 24: North Korea has started dismantling some facilities at its main satellite launch station, seen as the testing ground for its intercontinental ballistic missiles, according to expert analysis of recent satellite images.

If confirmed, the analysis by respected US-based website 38 North could signal a step forward after last month's landmark summit between Kim Jong Un and US President Donald Trump, although some experts questioned the significance of the gesture.

After the summit, Trump had declared the North Korean nuclear threat was effectively over, and US media reports suggest he is privately furious at the lack of any subsequent progress on the denuclearisation issue.

His public statements, however, remain upbeat and the 38 North analysis came as the president pronounced himself "very happy" with the way talks were progressing with Pyongyang.

The website said imagery indicated the North had begun taking down a processing building and a rocket-engine test stand that had been used to test liquid-fuel engines at its Sohae Satellite Launching Station.

Sohae, on the northwest coast of North Korea, is ostensibly a facility designed for putting satellites into orbit, but rocket engines are easily repurposed for use in missiles and the international community has labelled Pyongyang's space program a fig leaf for weapons tests.

38 North analyst Joseph Bermudez called the move an "important first step" for Kim in fulfilling a promise that Trump said the North Korean leader made during their June summit in Singapore.

Since Sohae is "believed to have played an important role in the development of technologies for the North's intercontinental ballistic missile program, these efforts represent a significant confidence-building measure on the part of North Korea," Bermudez said.

Trump said in Singapore that Kim had committed to destroying a "major" missile engine test site, without specifying the site.

Sohae has been the North's primary rocket launch site since 2012, and some experts cautioned against reading too much into the work described in the 38 North analysis.

Melissa Hanham, senior research associate with the James Martin Center for Nonproliferation Studies in Monterey, said that while dismantling the engine test site was a "good move", it amounted to "the bare minimum" that could be done at Sohae.

"Unless they dismantle the whole site, it will remain North Korea's premier location for space launches," Hanham said on Twitter.

"North Korea does not need the Sohae engine test stand anymore if it is confident in the engine design. As (Kim Jong Un) said himself, North Korea is moving from testing to mass production," she said, adding that observers should look for signs of new sites where more missiles could be built.

"We ignored North Korea too long, and now it's about managing how many nuclear weapons and delivery systems they have, not IF they have them," she said.

A US defence official also downplayed the news, saying the Sohae site was not a priority in terms of monitoring the North's denuclearisation efforts.

"It's not on the radar, so to speak," the official said.

In a sign of Washington' impatience with what it sees as North Korean heel-dragging on the denuclearisation issue, Secretary of State Mike Pompeo was in New York last week urging UN member-states to keep tough economic sanctions in place to pressure Kim into moving forward.

China and Russia have argued that North Korea should be rewarded with the prospect of eased sanctions for opening up dialogue with the United States and halting missile tests.

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Agencies
January 4,2020

Stockholm, Jan 4: “I’m not the kind of person who celebrates birthdays,” Greta Thunberg said as she turned 17 on Friday, marking the occasion in inimitable style - with a seven-hour hour protest outside the Swedish parliament.

The climate activist braved winter conditions in her native Stockholm to continue the weekly Friday School Strike for the Climate campaign that helped catapult her to international fame.

“I stand here striking from 8am until 3pm as usual ... then I’ll go home,” Thunberg, Time magazine’s Person of the Year for 2019, told Reuters.

“I won’t have a birthday cake but we’ll have a dinner.”

It’s been a busy 12 months for Thunberg, who crisscrossed the globe by car, train and boat - but not plane - to demand action on climate change.

“It has been a strange and busy year, but also a great one because I have found something I want to do with my life and what I am doing is having an impact,” she said.

When she was 15, Thunberg began skipping school on Fridays to demonstrate outside the Swedish parliament to push her government to curb carbon emissions. Her campaign gave rise to a grassroots movement that has gone global, inspiring millions of people to take action.

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Agencies
January 21,2020

New Delhi, Jan 21: With the IMF lowering India's economic growth estimate for the current fiscal to 4.8 per cent, senior Congress leader P Chidambaram on Tuesday claimed an attack on the world body and its chief economist Gita Gopinath by government ministers was imminent.

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.

Listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like positive impact of corporate tax rate reduction.

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News Network
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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