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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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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News Network
June 15,2020

New Delhi, Jun 15: With an increase of 11,502 cases in the past 24 hours, the COVID-19 count in India reached 3,32,424 on Monday, according to the Union Health and Family Welfare Ministry.

The spike is marginally lower than the highest-ever spike of 11,929 new cases the country registered a day earlier.

With 325 deaths being reported from across the country, the toll due to COVID-19 has now reached 9,520.

The COVID-19 count includes 1,53,106 active cases while 1,69,798 patients have been cured and discharged or migrated so far.

Maharashtra with 1,07,958 cases continues to be the worst-affected state in the country with 53,030 active cases while 50,978 patients have been cured and discharged in the state so far. 3,950 deaths have been reported due to the infection so far from Maharashtra.

It is followed by Tamil Nadu with 44,661 cases and the national capital with 41,182 confirmed cases.

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News Network
June 13,2020

Paris, Jun 13: The coronavirus pandemic has killed 425,000 people since it emerged in China late last year, according to an AFP tally of official sources at 0130 GMT on Saturday.

A total of 425,282 deaths have now been recorded from 7,632,517 cases.

Europe has registered 186,843 deaths from 2,363,538 cases, but the epidemic is progressing most rapidly in Latin America, where there have been a total of 76,343 deaths recorded from 1,569,938 cases.

The United States remains the country with the most recorded deaths at 114,643, ahead of Brazil which on Friday became the second worst-hit nation with 41,828 deaths. Britain is next with 41,481 deaths, followed by Italy (34,223) and France (29,374).

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