North Korea fires ballistic missile

Al Jazeera
November 29, 2017

Seoul, Nov 29: North Korea has fired a ballistic missile, the first such launch since mid-September, according to officials in South Korea, Japan and the United States.

"North Korea launched an unidentified ballistic missile eastward from the vicinity of Pyongsong, South Pyongan Province, at dawn today", South Korean army officials told South Korean news agency Yonhap.

There was no immediate comment from North Korea.

The missile was fired from Pyongsong, a city in South Pyongan Province, at around 3:17am local time (18:17 GMT) on Wednesday, according to South Korea's military. 

Japanese Defence Minister Itsunori Onodera said the missile reached an estimated altitude of around 4,000 kilometres and broke up before landing in the country's "exclusive economic zone".

His US counterpart, James Mattis, said the missile went higher than ever before, describing it as a step towards Pyongyang building missiles that can "threaten everywhere in the world, basically".

"With these tests, North Korea wants to demonstrate to the world the range its missiles have," Al Jazeera's Kathy Novak, reporting from South Korea's capital, Seoul, said.

An initial assessment by the US Department of Defense said North Korea fired an intercontinental ballistic missile (ICBM). This type of missile is capable of carrying nuclear warheads and could reach the mainland of the United States. 

If the Pentagon's first assessment turns out to be correct, it would be the third test of an ICBM by North Korea this year.

Following the launch, South Korean President Moon Jae-in was expected to preside a national security meeting with top advisers, while Japanese Prime Minister Shinzo Abe called for an emergency meeting of the UN Security Council.

"This is being taken very seriously here in the region," said Al Jazeera's Novak, noting that South Korea conducted a live-fire drill five minutes after the firing of the missile.

2The message that the South wants to send to the North is that it is monitoring actions coming out of North Korea; that it detects these missile launches quickly; and that it is prepared to respond," she added.

Commenting on the launch, US President Donald Trump said "it is a situation we will handle", adding that the US stance on the North Korea issue would not change.

Last week, Trump re-designated North Korea as a "state sponsor of terrorism", a move that was described as being part of a "maximum pressure campaign" to isolate Pyongyang even more.

Trump said more economic sanctions were to be expected as a result of his decision.

The US president and North Korean leader Kim Jong-un have repeatedly traded barbs - Trump has called Kim "rocket man", while North Korea's leader described the US president as a "dotard".

Jens Stoltenberg, secretary-general of NATO, condemned the missile launch.

"This is a further breach of multiple UN Security Council Resolutions, undermining regional and international security", he said in a statement.

His view was echoed by the European Union. "This launch represents a further grave provocation, and a serious threat to international security," an EU spokeswoman said.

First launch in months

The launch in the early hours of Wednesday was the first since September 15, when North Korea fired a ballistic missile over the Japanese island Hokkaido, eventually crashing into the Pacific Ocean.

That launch was condemned by leaders around the world. 

On September 3, North Korea conducted its most powerful nuclear test ever, detonating a hydrogen bomb northeast of Pyongyang. That test, weeks before the United Nations General Assembly, angered global leaders.

The UN Security Council implemented new economic sanctions on North Korea as a result of that nuclear test.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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Agencies
February 18,2020

British lawmaker Debbie Abrahams' e-Business visa was revoked as she was involved in anti-India activities and the cancellation was conveyed to her on February 14, government sources said on Tuesday.

Asserting that the grant, rejection or revocation of a visa or electronic travel authorisation is the sovereign right of a country, the sources said Abrahams was issued an e-Business visa on October 7 last year which was valid till October 5, 2020 for attending business meetings.

"Her e-Business visa was revoked on February 14, 2020 on account of her indulging in activities which went against India's national interest. The rejection of the e-Business visa was intimated to her on February 14," a source said.

Abrahams, who chairs a British parliamentary group on Kashmir, was denied entry into India upon her arrival at the New Delhi airport on Monday.

Government officials had said on Monday also that she was informed in advance that her e-visa had been cancelled.

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News Network
April 20,2020

Washington, Apr 20: The US wants to send a team of experts to China to investigate coronavirus, President Donald Trump has said, a day after he warned Beijing of "consequences" if it was knowingly responsible for the spread of COVID-19 which has killed more than 165,000 people globally, including over 41,000 in America.

Describing the coronavirus as a plague, Trump, during his White House news conference on Sunday, said that he is not happy with China where the pandemic emerged in December last year in the central Chinese city of Wuhan.

“We spoke to them (Chinese) a long time ago about going in. We want to go in. We want to see what's going on. And we weren't exactly invited, I can tell you that,” the President told reporters.

“I was very happy with the (trade) deal (with China), very happy with everything and then we found out about the plague and since we found out about that I'm not happy,” he said.

The US has launched an investigation into whether the deadly virus "escaped" from the Wuhan Institute of Virology.

He has repeatedly expressed disappointment over China's handling of the coronavirus disease, alleged non-transparency and initial non-cooperation from Beijing with Washington on dealing with the crisis.

“Based on an investigation, we are going to find out,” Trump told reporters.

A day earlier, he warned China that it should face consequences if it was "knowingly responsible" for the spread of the novel coronavirus, upping the ante on Beijing over its handling of the COVID-19 pandemic.

“If they (China) were knowingly responsible… then there should be consequences. You're talking about, you know, potentially lives like nobody's seen since 1917,” Trump said on Saturday.

The opposition Democratic Party said that Trump has falsely claimed he acted early by restricting travel from China when it was little too late and he continued to downplay the virus throughout February.

The number of COVID-19 deaths in the US crossed 41,000 and the total infections were more than 764,000 so far.

New York, the epicentre of the deadly COVID-19 in the US, has 2,42,000 cases and over 17,600 fatalities so far. It has registered a 50-percent decline in new cases over an eight-day period.

The novel virus, which emerged in China in December last year, has killed over 160,000 and infected more than 2.3 million people worldwide.

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