Trump calls off Pompeo's N Korea trip, blasts China

Agencies
August 25, 2018

Washington, Aug 25: US President Donald Trump on Friday pulled the plug on his top diplomat's upcoming trip to North Korea -- and took a swipe at China over stalled efforts to disarm Kim Jong Un's regime.

"I have asked Secretary of State Mike Pompeo not to go to North Korea, at this time, because I feel we are not making sufficient progress with respect to the denuclearization of the Korean Peninsula," Trump said on Twitter.

Pompeo was due to return to Pyongyang next week for what he described as the next stage in ensuring the "final, fully verified denuclearization of North Korea."

But Trump -- facing a slew of domestic problems and independent reports that North Korea has done little or nothing to roll back its nuclear program -- vetoed the plan.

Pompeo and Trump met earlier Friday, White House spokeswoman Sarah Sanders said.

Trump also stepped up his rhetoric against China, which has grown harsher as November congressional elections approach, with the world's top two economies now embroiled in an escalating trade war.

"Additionally, because of our much tougher Trading stance with China, I do not believe they are helping with the process of denuclearization as they once were (despite the UN Sanctions which are in place)," Trump said.

In another tweet, the president added Pompeo would still head to North Korea "in the near future," saying this would likely occur when the US-China trading relationship is "resolved."

"In the meantime I would like to send my warmest regards and respect to Chairman Kim. I look forward to seeing him soon!" Trump said.

The trip would have been Pompeo's fourth to North Korea, and the second since a historic summit on June 12 between Trump and Kim.

Trump, who relishes unpredictability in negotiating, had at one point canceled that summit, citing North Korea's "open hostility."

But he soon backtracked and the summit went ahead in Singapore.

Trump had previously claimed that he had "largely solved" the North Korea nuclear problem.

Despite that bold claim, the UN's International Atomic Energy Agency recently reported it had not seen any indication that nuclear activities in North Korea have stopped.

"The continuation and further development of the DPRK's nuclear program and related statements by the DPRK are a cause for grave concern," said a report by the International Atomic Energy Agency (IAEA), referring to North Korea's official name.

North Korea is believed to be close to developing a miniaturized nuclear device and the ballistic missile capabilities to carry it anywhere in the continental United States.

Evans Revere, a senior fellow at the Brookings Institution, said it is time for a radical shift in the US approach.

"The Trump administration needs a 'plan B' to deal with the probability that Pyongyang is doing what it has done with every previous US administration: exploiting diplomacy and negotiations to buy time," Revere said in a recent report.

Earlier this week, Pompeo named a Ford Motor Co. executive as special envoy for North Korea to try to get disarmament back on track.

Stephen Biegun, 55, who is retiring as Ford's vice president for international governmental affairs, had been considered for the post of Trump's national security advisor before it went to John Bolton.

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Agencies
January 26,2020

New Delhi, Jan 26: Prime Minister Narendra Modi on Sunday extended his greetings to the people on the occasion of the 71st Republic Day.
"Wishing everyone a happy #RepublicDay," PM Modi tweeted in English as well as Hindi.

Celebrations will be held all across the country to mark the day.

On this day, 70-year back, India officially adopted its Constitution.

The 90-minute Republic Day ceremony will commence with Prime Minister Narendra Modi visiting the National War Memorial near the India Gate.

After paying tributes to the martyrs, the prime minister and others would head to the Rajpath.

The parade for the Republic Day will begin on Rajpath with President Ram Nath Kovind unfurling the national flag with a 21-gun salute.

Brazilian President Jair Messias Bolsonaro is the chief guest at the parade

India's military might, cultural diversity, social and economic progress will be displayed during the Republic Day celebrations.

For the first time, a contingent of women bikers of CRPF will perform daredevil stunts. The Dhanush artillery will also be displayed for the first time during the Republic Day parade.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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News Network
March 21,2020

Beijing, Mar 21: China reported no domestically transmitted coronavirus cases for the third consecutive day even as seven more fatalities have been confirmed, taking the death toll in the country to 3255.

No new domestically transmitted cases of COVID-19 were reported on the Chinese mainland for the third day in a row on Friday, China's National Health Commission (NHC) said on Saturday.

The overall confirmed cases on the mainland had reached 81,008 by the end of Friday, which included 3,255 who died, 6,013 patients still undergoing treatment, 71,740 patients who had been discharged after recovery, the NHC said.

The NHC said 41 new confirmed COVID-19 cases were reported on the Chinese mainland on Friday from the people arriving from abroad, taking the total number of imported cases to 269.

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