South Korea’s Yoon calls for new working group with North

South Korea’s Yoon calls for new working group with North
South Korean President Yoon Suk Yeol on Thursday said: “As long as the state of division persists, our liberation will remain incomplete.” (AP)
Short Url
Updated 15 August 2024
Follow

South Korea’s Yoon calls for new working group with North

South Korea’s Yoon calls for new working group with North
  • ‘The freedom we enjoy must be extended to the frozen kingdom of the North, where people are deprived of freedom and suffer from poverty and starvation’
  • North Korea was recently hit by severe flooding in its northern regions near China

SEOUL: South Korean President Yoon Suk Yeol on Thursday proposed an “Inter-Korean Working Group” aimed at relieving soaring tensions with Pyongyang and exploring avenues for economic cooperation.
Relations between the two Koreas are at one of their lowest points in years, with the North recently announcing the deployment of 250 ballistic missile launchers to its southern border.
North Korea has sent thousands of trash-filled balloons southward since May, prompting Seoul to resume propaganda broadcasts along the frontier and suspend a 2018 deal aimed at lowering temperatures between the two militaries.
Declaring his “unification vision” Thursday at an event celebrating the country’s liberation from Japanese rule, Yoon said: “As long as the state of division persists, our liberation will remain incomplete.”
“The freedom we enjoy must be extended to the frozen kingdom of the North, where people are deprived of freedom and suffer from poverty and starvation,” he said, calling for the establishment of a new Inter-Korean Working Group.
The body “could take up any issue ranging from relieving tensions to economic cooperation, people-to-people and cultural exchanges, and disaster and climate-change responses,” Yoon said.
Yoon also underscored the “need to change the minds of the North Korean people to make them ardently desire a freedom-based unification.”
“Even though the North Korean regime rejected our offer (to provide flood relief supplies) yet again, we will never stop making offers of humanitarian aid,” Yoon said.
The North was recently hit by severe flooding in its northern regions near China, with state media reporting more than 15,000 flood victims were moved to the capital.
International offers of support have poured in since news of the flooding disaster first emerged, including from Seoul, which offered humanitarian aid via the Korean Red Cross.
But North Korean leader Kim Jong Un said that the country’s recovery efforts would be “thoroughly based on self-reliance,” according to state media.
North Korea declared the South its principal enemy earlier this year, and Pyongyang has not responded to inter-Korean liaison hotline calls since April 2023.


Indian soldiers battle Kashmir militants, one killed

Indian soldiers battle Kashmir militants, one killed
Updated 8 sec ago
Follow

Indian soldiers battle Kashmir militants, one killed

Indian soldiers battle Kashmir militants, one killed
  • Police say two separate gunfights taking place in Zabarwan and Baramulla areas of Indian-administered Kashmir
  • Kashmir has been divided between nuclear-armed rivals India and Pakistan since their partition at end of British rule in 1947

NEW DELHI: Indian troops on Sunday were battling with gunmen in Indian-administered Kashmir with one suspected militant killed, the army said, the latest violence in the long-running insurgency in the disputed Muslim-majority territory.
Police said two separate gunfights were taking place in the Himalayan region, with fighting reported in both the Zabarwan and Baramulla areas.
“One terrorist has been neutralized by the security forces,” the army’s Chinar Corps said, a term they use indicating a gunman had been killed.
Kashmir has been divided between nuclear-armed rivals India and Pakistan since their partition at the chaotic end of British rule in 1947, and both countries claim the territory in full.
India has at least 500,000 troops deployed in Kashmir in a bid to end a conflict that has killed tens of thousands of civilians, soldiers and militants since 1989.
Militant groups demand either independence or its merger with Pakistan.
New Delhi regularly blames Pakistan for arming militants and helping them launch attacks, an allegation Islamabad denies.
Last week, an attacker hurled a grenade at a busy market in the main city of Srinagar, wounding 12 people.
Attacks since October have included gunmen launching an ambush on an army convoy, as well as firing on a construction camp, killing seven people.
On Wednesday, Kashmir’s newly-elected regional assembly passed a resolution demanding New Delhi restore the territory’s partial autonomy, canceled in 2019 by Prime Minister Narendra Modi’s Hindu nationalist government.


Indian soldiers battle Kashmir rebels, one killed

Indian soldiers battle Kashmir rebels, one killed
Updated 10 November 2024
Follow

Indian soldiers battle Kashmir rebels, one killed

Indian soldiers battle Kashmir rebels, one killed
  • Police said two separate gunfights were taking place in the Himalayan region
  • Kashmir has been divided between rivals India and Pakistan since their partition in 1947

NEW DELHI: Indian troops on Sunday were battling with gunmen in Kashmir with one suspected rebel killed, the army said, the latest violence in the long-running insurgency in the disputed Muslim-majority territory.
Police said two separate gunfights were taking place in the Himalayan region, with fighting reported in both the Zabarwan and Baramulla areas.
“One terrorist has been neutralized by the security forces,” the army’s Chinar Corps said, a term they use indicating a gunman had been killed.
Kashmir has been divided between nuclear-armed rivals India and Pakistan since their partition at the chaotic end of British rule in 1947, and both countries claim the territory in full.
India has at least 500,000 troops deployed in Kashmir in a bid to end a conflict that has killed tens of thousands of civilians, soldiers and rebels since 1989.
Rebel groups demand either independence or its merger with Pakistan.
New Delhi regularly blames Pakistan for arming militants and helping them launch attacks, an allegation Islamabad denies.
Last week, an attacker hurled a grenade at a busy market in the main city of Srinagar, wounding 12 people.
Attacks since October have included gunmen launching an ambush on an army convoy, as well as firing on a construction camp, killing seven people.
On Wednesday, Kashmir’s newly-elected regional assembly passed a resolution demanding New Delhi restore the territory’s partial autonomy, canceled in 2019 by Prime Minister Narendra Modi’s Hindu nationalist government.


Asia, the world’s economic engine, prepares for Trump shock

Asia, the world’s economic engine, prepares for Trump shock
Updated 10 November 2024
Follow

Asia, the world’s economic engine, prepares for Trump shock

Asia, the world’s economic engine, prepares for Trump shock
  • Trump vowed during campaign to slap 60 percent tariffs on Chinese goods entering US 
  • Move could impact Southeast Asia where production chains are closely linked to China 

TOKYO: Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region.
But a trade war between the world’s biggest economies would also destabilize markets everywhere, with Asia — which contributes the largest share of global growth — the most affected.
Trump, who won a crushing presidential victory this week, vowed during his campaign to slap 60 percent tariffs on all Chinese goods entering the United States in an attempt to balance trade between the two nations.
Analysts however question whether the new president will stick to such a high figure, and dispute the blow such tariffs could inflect on the Chinese economy, estimating GDP could be lowered by between 0.7 percent and 1.6 percent.
The cooling effect would also make waves throughout Southeast Asia, where production chains are closely linked to China and enjoy significant investment from Beijing.
“Lower US demand for Chinese goods due to higher tariffs on China will translate into lower demand for ASEAN exports, even if there aren’t US tariffs levied directly onto those economies,” said Adam Ahmad Samdin, of Oxford Economics.
Indonesia is particularly exposed through its strong exports of nickel and minerals, but China is also the top trading partner of Japan, Taiwan and South Korea.
In addition to China, Donald Trump has also warned of an increase of 10 to 20 percent on duties for all imports, as part of his protectionist policies and fixation that other countries take advantage of the US.
“The extent of these effects likely depends on the direct exposure of each economy to the US,” said Samdin, who added that America accounts for a 39.1 percent share of Cambodian exports, 27.4 percent from Vietnam, 17 percent from Thailand and 15.4 percent from the Philippines.
Trump first slapped China with heavy tariffs in 2018 during his first administration, leading to the emergence of “connector countries,” through which Chinese companies passed their products to avoid American taxes.
Those countries could be in the line of fire now.
“Vietnam’s electronics exports to the US could also be targeted by Trump, in a bid to halt the diversion of Chinese electronic products to the US via Vietnam since 2018,” said Lloyd Chan, a senior analyst at MUFG, Japan’s largest bank.
“This is not inconceivable. Trade rewiring has notably gained traction in the region’s electronics value chain.”
“India could itself become a target of protectionist measures by the US due to the large share of Chinese components in Indian products,” added Alexandra Hermann, an economist with Oxford Economics.
Trump could also impose higher tariffs on Indian goods in sectors such as “automobiles, textiles, pharmaceuticals and wines, which could make Indian exports less competitive in the US,” said Ajay Srivastava of the New Delhi-based Global Trade Research Initiative.
A trade war would be dangerous for India, said Ajay Sahai, director of the Federation of Indian Export Organizations.
“Trump is a transactional person. He may target higher tariffs on certain items of Indian exports so he can negotiate for lower tariffs for US products in India,” he told AFP.
In the medium term, these negative effects could be counterbalanced by establishing factories outside China to escape the fallout.
The “China+1” strategy initiated during Donald Trump’s first term saw production shifts to India, Malaysia, Thailand and Vietnam.
With its geographical position and cheap skilled labor, Vietnam has already been one of the main beneficiaries.
The country has notably received investments from Taiwanese Apple subcontractors Foxconn and Pegatron and South Korea’s Samsung, becoming the second-largest exporter of smartphones in the world behind China.
“The likelihood increases that even more businesses will want to... have a second, or third, production base outside China,” said Bruno Jaspaert, chairman of the European Chamber of Commerce in Vietnam.
Chinese firms themselves are investing massively from Vietnam to Indonesia in sectors including solar, batteries, electric vehicles and minerals.
“American companies and investors are very interested in opportunities in Vietnam and this will continue under the incoming Trump Administration,” said Adam Sitkoff, executive director of the American Chamber of Commerce in Hanoi.
But whether it is low-end or high-tech production, China’s competitive advantage in terms of price, scale and quality is difficult to reproduce, warns Nomura bank.
A reorganization of production chains could lead to a “loss of efficiency” and increased prices, “with a negative impact on global growth,” Thomas Helbling, deputy director of the IMF for Asia, recently explained to AFP.
Asian countries could therefore gain export market share but ultimately see their situation deteriorate amid weakening global demand.


King Charles III and Kate will attend remembrance events as both royals slowly return to duty

King Charles III and Kate will attend remembrance events as both royals slowly return to duty
Updated 10 November 2024
Follow

King Charles III and Kate will attend remembrance events as both royals slowly return to duty

King Charles III and Kate will attend remembrance events as both royals slowly return to duty
  • King Charles III and the Princess of Wales both plan to attend the United Kingdom’s annual ceremony honoring fallen service personnel on Sunday.

LONDON: King Charles III and the Princess of Wales both plan to attend the United Kingdom’s annual ceremony honoring fallen service personnel on Sunday, a sign that the royal family is slowly returning to normal after a year in which two of the most popular royals were sidelined by cancer.
Remembrance Sunday is a totemic event in the UK, with the king leading senior royals, political leaders and envoys from the Commonwealth countries that fought alongside Britain in the two world wars in laying wreaths at the Cenotaph, the Portland stone memorial in central London that serves as the focal point for honoring the nation’s war dead.
The presence of both Charles, who is the commander in chief of the military, and Kate signals that normal royal service has been restored — at least for one day.
“They are showing respect to us, as we’ve shown to them by serving,” said Victor Needham-Crofton, 91, an army veteran who served during the Suez Crisis of 1956 and later in Kenya.
Charles was diagnosed with an undisclosed form of cancer in February, forcing him to step away from public appearances for two months as he focused on his treatment and recovery. Just a few weeks later, Kate announced her own cancer diagnosis, which sidelined her for much of the year as she underwent chemotherapy.
The king has been in good form in recent months and recently completed a taxing trip to Australia and Samoa. Kate, who made her first post-diagnosis public appearance during the monarch’s birthday parade in June, is slowly returning to public duties.
Prince William, Kate’s husband and the heir to the throne, reflected this week on the strain that the cancer scare has placed on the royal family.
“I’m so proud of my wife, I’m proud of my father, for handling the things that they have done,” William told reporters on Thursday as he wrapped up a four-day trip to South Africa. “But from a personal family point of view, it’s been, yeah, it’s been brutal.”
Charles’ ceremonial role as commander in chief of the armed forces is a holdover from the days when the monarch led his troops into battle. But the link between the monarchy and the military is still very strong, with service members taking an oath of allegiance to the king and members of the royal family supporting service personnel through a variety of charities. Charles and William both served on active duty in the military before taking up full-time royal duties.
On Sunday, Charles will lay a wreath of poppies at the base of the Cenotaph. William will leave his own floral tribute – featuring the Prince of Wales’ feathers and a new ribbon in Welsh red.
Kate will watch from a balcony of the nearby Foreign, Commonwealth & Development Office, as is tradition.
All will be present for the culmination of the event, when 10,000 military veterans march past the memorial and lay their own wreaths honoring fallen comrades.
While the Cenotaph is the focus of the national remembrance service, communities throughout the UK will hold their own ceremonies on Sunday.
Needham-Crofton, who served with the Royal Inniskilling Fusiliers before a truck accident ended his military career, plans to attend a local service in Eastbourne on the south coast of England.
He has spent much of his time honoring veterans and trying to help them, including 20 years as a volunteer for the Taxi Charity for Military Veterans. Like some of his army tasks, raising cash was rather grueling as it involved standing in front of London subway stations collecting coins to help fund the group’s efforts.
“I like to respect all the veterans and do what I can for them,’’ he told The Associated Press. “It’s a brotherhood really. Even if you don’t know a veteran that you meet, you feel a kinship toward them. That is very important to me. I shall be like that for the rest of my life.’’


Ukraine drone attack sparks fire in Russia’s Bryansk, region’s governor says

Ukraine drone attack sparks fire in Russia’s Bryansk, region’s governor says
Updated 39 min 57 sec ago
Follow

Ukraine drone attack sparks fire in Russia’s Bryansk, region’s governor says

Ukraine drone attack sparks fire in Russia’s Bryansk, region’s governor says
  • There was no immediate comment from Ukraine

MOSCOW: At least two people were injured by a Ukrainian drone strike in Russia's Moscow region on Sunday, regional governor Andrei Vorobyov said via his channel in Telegram messaging app.
Ukraine attacked Moscow and its region on Sunday with at least 32 drones, Russian officials said, in what was the biggest Ukrainian drone strike on the Russian capital to date. 

The drone attack on the Russian border region of Bryansk has set several non-residential buildings on fire, regional Governor Alexander Bogomaz said on Sunday.
“Emergency services and firefighters are on the site,” Bogomaz wrote on the Telegram messaging app, without providing further detail.
He said earlier on Telegram that Russian air defense systems had destroyed 14 Ukrainian drones over the territory of the region overnight.
Reuters could not independently verify the report. There was no immediate comment from Ukraine. Kyiv has often said its drone attacks on Russian territory are aimed at infrastructure key to Moscow’s war efforts and are in response to Russia’s continued attack on Ukraine’s territory.