N Korea leader Kim Jong Un says he will complete nuke program

Agencies
September 16, 2017

Seoul, Sept 16: North Korea leader Kim Jong Un said the country is nearing its goal of "equilibrium" in military force with the United States, as the United Nations Security Council strongly condemned the North's "highly provocative" ballistic missile test.

The North's official Korean Central News Agency carried Kim's comments today a day after US and South Korean militaries detected the missile launch from the North Korean capital of Pyongyang.

It travelled 3,700 kilometres as it flew over Japan before landing in the northern Pacific Ocean. It was the country's longest-ever test flight of a ballistic missile.

The North has confirmed the missile as an intermediate range Hwasong-12, the same model launched over Japan on August 29.

The KCNA said Kim expressed great satisfaction over the launch, which he said verified the "combat efficiency and reliability" of the missile and the success of efforts to increase its power.

While the English version of the report was less straightforward, the Korean version quoted Kim as declaring the missile as operationally ready. He vowed to complete his nuclear weapons program in the face of strengthening international sanctions, the agency said.

The UN Security Council accused North Korea of undermining regional peace and security by launching its latest missile over Japan and said its nuclear and missile tests "have caused grave security concerns around the world" and threaten all 193 UN member states.

Kim also said the country, despite "limitless" international sanctions, has nearly completed the building of its nuclear weapons force and called for "all-state efforts" to reach the goal and obtain a "capacity for nuclear counterattack the US cannot cope with."

"As recognised by the whole world, we have made all these achievements despite the UN sanctions that have lasted for decades," the agency quoted Kim as saying.

Kim said the country's final goal "is to establish the equilibrium of real force with the US and make the US rulers dare not talk about military option for the DPRK," referring to North Korea's official name, the Democratic People's Republic of Korea.

He indicated that more missile tests would be forthcoming, saying that all future drills should be "meaningful and practical ones for increasing the combat power of the nuclear force" to establish an order in the deployment of nuclear warheads for "actual war."

Prior to the launches over Japan, North Korean had threatened to fire a salvo of Hwasong-12s toward Guam, the US Pacific island territory and military hub the North has called an "advanced base of invasion."

The Security Council stressed in a statement after a closed-door emergency meeting that all countries must "fully, comprehensively and immediately" implement all UN sanctions.

Japan's UN Ambassador Koro Bessho called the missile launch an "outrageous act" that is not only a threat to Japan's security but a threat to the world as a whole."

Bessho and the British, French and Swedish ambassadors demanded that all sanctions be implemented.

Calling the latest launch a "terrible, egregious, illegal, provocative reckless act," Britain's UN Ambassador Matthew Rycroft said North Korea's largest trading partners and closest links a clear reference to China must "demonstrate that they are doing everything in their power to implement the sanctions of the Security Council and to encourage the North Korean regime to change course."

France's Foreign Ministry said in a statement that the country is ready to work on tougher UN and EU measures to convince Pyongyang that there is no interest in an escalation, and to bring it to the negotiating table.

Friday's launch followed North Korea's sixth and most powerful nuclear test on September 3 in what it described as a detonation of a thermonuclear weapon built for its developmental intercontinental ballistic missiles.

The North flight tested its Hwasong-14 ICBMs twice in July and analysts say the missiles could potentially reach deep into the US mainland when perfected.

The growing frequency, power and confidence displayed by Pyongyang's nuclear and missile tests seem to confirm what governments and outside experts have long feared: North Korea is closer than ever to its goal of building a military arsenal that can viably target US troops both in Asia and in the US homeland.

This, in turn, is meant to allow North Korea greater military freedom in the region by raising doubts in Seoul and Tokyo that Washington would risk the annihilation of a US city to protect its Asian allies.

South Korean President Moon Jae-in, a liberal who initially pushed for talks with North Korea, said its tests currently make dialogue "impossible."

"If North Korea provokes us or our allies, we have the strength to smash the attempt at an early stage and inflict a level of damage it would be impossible to recover from," he said.

Robust international diplomacy on the issue has been stalled for years, and there's so far little sign that senior officials from North Korea and the US might sit down to discuss ways to slow the North's determined march toward inclusion among the world's nuclear weapons powers.

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News Network
March 10,2020

Tehran, Mar 10: Twenty-seven people have died from methanol poisoning in Iran after rumours that drinking alcohol can help cure the novel coronavirus infection, state news agency IRNA reported on Monday. The outbreak of the virus in Islamic republic is one of the deadliest outside of China, where the disease originated.

Twenty have died in the southwestern province of Khuzestan and seven in the northern region of Alborz after consuming bootleg alcohol, IRNA said.

Drinking alcohol is banned in Iran for everyone except some non-Muslim religious minorities. Local media regularly report on lethal cases of poisoning caused by bootleg liquor.

A spokesman for Jundishapur medical university in Ahvaz, the capital of Khuzestan, said 218 people had been hospitalised there after being poisoned.

The poisonings were caused by "rumours that drinking alcohol can be effective in treating coronavirus," Ali Ehsanpour said.

The deputy prosecutor of Alborz, Mohammad Aghayari, told IRNA the dead had drunk methanol after being "misled by content online, thinking they were fighting coronavirus and curing it." If ingested in large quantities, methanol can cause blindness, liver damage and death.

Iran has been scrambling to contain the spread of the COVID-19 illness which has hit all of the country's 31 provinces, killing 237 people and infecting 7,161.

According to IRNA, 16 out of 69 confirmed cases have died of coronavirus infection in Khuzestan as of Sunday.

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Agencies
February 20,2020

Tirupur, Feb 20: Nineteen people died in a collision between a Kerala State Road Transport Corporation bus and a truck near Avinashi town of Tirupur district on Thursday morning here.

The bus was on its way to Ernakulam in Kerala from Bengaluru in Karnataka when the mishap occurred.

Deputy Tehsildar of Avinashi Town informed, "19 people that include 14 men and 5 women, died in the collision between the bus and the truck near Avinashi town."

The bodies have been taken to Tirupur government hospital.
Further details are awaited.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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