Russia, North Korea to challenge US President Donald Trump overseas

Agencies
July 6, 2017

Warsaw, Jul 6: President Donald Trump opens his two-nation European visit with what he expects to be a short but warm stop in Poland before he encounters what could be a frostier reception and thornier issues at an international summit in Germany. Trump’s sit-down with Russian President Vladimir Putin and North Korea’s first launch of an intercontinental ballistic missile threaten to put Trump’s skills as a negotiator to the test.

KRA

Trump was arriving in Warsaw late Wednesday for a 16-hour visit that includes a keynote address to the Poles from Krasinski Square, site of a monument commemorating the 1944 Warsaw Uprising against the Nazis. He has meetings with the leaders of Poland and Croatia and plans a joint news conference his first one abroad with Polish President Andrzej Duda.

Trump also was meeting with the heads of a dozen countries bordered by the Baltic, Adriatic and Black seas. Collectively known as the Three Seas Initiative, the group aims to expand and modernize energy and trade with a goal of reducing the region’s dependence on Russian energy.

Duda told Polish broadcaster TVN24 on Wednesday that he wants to tackle concrete issues like energy security in the meeting with Trump, not engage in “some general talk about world security.” Trump recently devoted a week to US energy production.

At the same time, Trump will have to contend with escalating tensions with North Korea after it successfully launched its first intercontinental ballistic missile this week. Asked, as he left the White House on Wednesday, what he would do about North Korea, Trump said only: “We’re going to do very well.”

Trump, who’s been seeking China’s help in containing Pyongyang’s missile and nuclear weapons programs, also tweeted his frustration with China for continuing to trade with North Korea.

“So much for China working with us – but we had to give it a try!” Trump wrote.

Chinese President Xi Jinping is among at least nine leaders that Trump is scheduled to meet with later in the week in Germany during the Group of 20 summit of the world’s leading rich and developing countries. US Secretary of State Rex Tillerson planned to join Trump in Germany.

Trump will also walk a fine line when he meets Friday with Putin. The highly anticipated sit-down comes when relations between the two nations are at a low point, and with the president showing reluctance to adopt a harder line toward Russia amid conclusions by multiple US intelligence agencies that Moscow meddled in the 2016 presidential election to benefit Trump, and continuing federal and congressional investigations into possible collusion between Trump campaign associates and Russian government officials.

Trump’s return to Europe follows a shaky inaugural visit in late May and signs of unhappiness around the globe with his presidency.

A recent Pew Research Center survey of attitudes toward Trump in more than three dozen countries found fewer than 3 in 10 respondents expressing confidence in his ability to do the right thing on international affairs.

Trump’s earlier visit was marred by several awkward encounters, including a tough speech to NATO members urging them to spend more on their armed forces, an uncomfortable handshake with France’s new president and a caught-on-camera moment when Trump pushed past the prime minister of Montenegro to get to the front of a group photo opportunity.

Poland may offer him a chance to shine.

Polish media reports say the government promised the White House cheering crowds as part of its invitation. Ruling party lawmakers and pro-government activists plan to bus in groups of people for Trump’s speech. The White House didn’t respond to a request for comment on the reports.

With Trump’s sights already set on getting re-elected in 2020, the visit to Poland could also be seen as a power play for battleground states like Michigan, Wisconsin and Pennsylvania, home to hundreds of thousands of Polish-American voters.

Trump may also seek to use Poland as an exemplar of partnership. A US ally in Iraq and Afghanistan, Poland is among the five NATO members that spend at least 2 percent of their gross domestic product on the military. That’s something that Trump and US leaders before him have demanded of NATO allies.

Poland also hosts a few thousand US troops, in addition to supporting US and NATO forces in Iraq and Afghanistan. It’s also a regular purchaser of U.S. military equipment.

The Polish government has emphasized that Russia’s aggression in Ukraine poses a threat to the whole of Europe, something that will inevitably be raised in discussions with Trump as Europeans aim to gauge his willingness to confront Putin when they meet face to face on Friday.

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News Network
January 27,2020

Shanghai, Jan 27: The death toll from a coronavirus outbreak in China rose to 81 on Monday, as the government extended the Lunar New Year holiday and more big businesses shut down or told staff to work from home in an effort to curb the spread.

Chinese Premier Li Keqiang visited the central city of Wuhan, the epicenter of the outbreak, as the government sought to signal it was responding seriously to the crisis.

The total number of confirmed cases in China rose about 30% to 2,744, about half of them in Hubei province, whose capital is Wuhan.

As worries grew around the world, Chinese-ruled Hong Kong, which has had eight confirmed cases, banned entry to people who had visited Hubei in the past 14 days. The ban did not cover Hong Kong residents.

The number of deaths from the flu-like virus in Hubei climbed to 76 from 56, health officials said, with five deaths elsewhere in China, including the southern island province of Hainan, which reported its first fatality on Monday.

While a small number of cases have been confirmed in more than 10 countries, linked to people who traveled from Wuhan, no deaths have been reported elsewhere.

Li is the most senior leader to visit Wuhan since the outbreak began. Clad in a blue protective suit and mask, he inspected efforts to contain the epidemic and spoke to patients and medical staff, the government said.

The government is extending the week-long Lunar New Year holiday by three days to February 2, in a bid to slow the spread of the virus. The Lunar New Year is usually a time for millions of people to travel, but many have had to cancel their plans because of travel curbs over the virus.

Incubation

Wuhan is already in virtual lockdown and severe limits on movement are in place in several other Chinese cities.

The city of 11 million clamped down further on Monday, announcing the suspension of visa and passport services until January 30.

Despite the curbs, the mayor of Wuhan said on Sunday that five million people had left the city for holidays and other reasons.

Images from Wuhan showing hospital corridors packed with people seeking treatment have circulated on social media, along with complaints of soaring prices for essentials such as vegetables.

Chinese leaders have urged transparency in the crisis, after public trust was eroded by the cover-up of the spread of Severe Acute Respiratory Syndrome (SARS), a coronavirus that originated in China and killed nearly 800 people globally in 2002 and 2003.

Much is not known about the newly identified coronavirus, including how easily it spreads and just how dangerous it is. It can cause pneumonia, which has been deadly in some cases.

National Health Commission minister Ma Xiaowei said on Sunday the incubation period could range from one to 14 days, and the virus was infectious during incubation, unlike SARS.

That compares with a World Health Organization (WHO) estimate of two to 10 days for the incubation period.

“Understanding the time when infected patients may transmit the virus to others is critical for control efforts,” the WHO said.

The virus is believed to have originated late last year in a Wuhan market illegally selling wildlife. It has spread to other cities, including Beijing and Shanghai, as well as more than 10 countries including France, Japan and the United States.

‘Overwhelmed’

Australia confirmed its fifth case on Monday involving a woman on the last flight out of Wuhan to Sydney before China’s travel ban.

Health minister Greg Hunt told the Australian Broadcasting Corporation (ABC) authorities aimed to get about 100 Australian children and young people out of Wuhan.

One father of two, Nathan Wang, told the ABC his wife was stuck in Wuhan with the children. “We absolutely want the children to come back, because hospitals in Wuhan are overwhelmed,” he said.

Airports around the world have stepped up screening of passengers from China, although some health experts have questioned its effectiveness.

Last week the WHO stopped short of calling the outbreak a global health emergency, but some health experts question whether China can contain the epidemic.

WHO Director-General Tedros Adhanom Ghebreyesus is due to travel to Beijing to meet officials and health experts.

Australia, France, Italy, Japan and the United States have all said they are working to evacuate citizens from Wuhan.

Some of China’s biggest companies have been affected, with hotpot restaurant chain Haidilao International Holding shutting branches nationwide from Sunday until Friday.

Gaming giant Tencent Holdings Ltd advised staff to work from home until February 7, and e-commerce firm Alibaba removed vendors’ offers of overpriced face masks from its online Taobao marketplace as prices surged.

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News Network
March 25,2020

Wellington, Mar 25: New Zealand has declared a state of emergency as it prepares to go into an unprecedented lockdown late Wednesday for about a month.

The declaration temporarily gives police and the military extra powers. And Prime Minister Jacinda Ardern says any New Zealanders returning home from overseas who show symptoms of COVID-19 will be put in isolation at an approved facility.

“I have one simple message for New Zealanders today as we head into the next four weeks: ‘stay at home,’” Ardern said. “It will break the chain of transmission and it will save lives.”

Ardern said exceptions include people working crucial jobs, those leaving to pick up essentials like groceries, and those engaging in solitary exercise.

The country has 205 reported cases of the virus, although Ardern said that number could rise into the thousands before it begins to recede even with the strict measures being taken.

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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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